# EDGAR Filing Document

**Accession Number:** 0000088048
**File Stem:** 0001410368-26-055454
**Filing Date:** 2026-5
**Character Count:** 198248
**Document Hash:** a1bcaf2ffd2e9e3fa68a2f8b35fb4dea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055454.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055454

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS SECURITIES TRUST
- **CENTRAL INDEX KEY:** 0000088048

**ORGANIZATION NAME:**
- **EIN:** 132661231
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02021
- **FILM NUMBER:** 261034500

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE SECURITIES TRUST
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS SECURITIES TRUST
- **DATE OF NAME CHANGE:** 20060207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19950908

## Series and Classes Contracts Data

### DWS Enhanced Commodity Strategy Fund (Series ID: S000032043)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000099774 | Institutional Class | SKIRX           |
| C000099775 | Class A             | SKNRX           |
| C000099777 | Class C             | SKCRX           |
| C000099779 | Class S             | SKSRX           |
| C000172345 | Class R6            | SKRRX           |

## Nport-Ex

Consolidated Investment Portfolio**as of March 31, 2026 (Unaudited)** 

**DWS Enhanced Commodity Strategy Fund** 

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount ($)** <br>| **Value ($)** |
| **Corporate Bonds 20.3%** | **Corporate Bonds 20.3%** |  |
| **Consumer Discretionary 3.8%** | **Consumer Discretionary 3.8%** |  |
| AutoZone, Inc., 4.5%, 2/1/2028 | 2610000 | &nbsp;&nbsp; 2615062 |
| BorgWarner, Inc., 4.95%, 8/15/2029 | 1680000 | &nbsp;&nbsp; 1699322 |
| Daimler Truck Finance North America LLC, 144A, 2.0%, 12/14/2026 | 1600000 | &nbsp;&nbsp; 1576384 |
| Ford Motor Credit Co. LLC: |  |  |
| &nbsp;&nbsp;&nbsp; 5.8%, 3/5/2027  | 1450000 | &nbsp;&nbsp; 1457997 |
| &nbsp;&nbsp;&nbsp; 5.85%, 5/17/2027  | 3500000 | &nbsp;&nbsp; 3525784 |
| &nbsp;&nbsp;&nbsp; 6.798%, 11/7/2028  | 1270000 | &nbsp;&nbsp; 1314690 |
| General Motors Financial Co., Inc., 4.9%, 10/6/2029 | 2174000 | &nbsp;&nbsp; 2184831 |
| Hyundai Capital America: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.275%, 6/24/2027  | 4000000 | &nbsp;&nbsp; 4033800 |
| &nbsp;&nbsp;&nbsp; 144A, 5.95%, 9/21/2026  | 4000000 | &nbsp;&nbsp; 4024557 |
| KFC Holding Co., 144A, 4.75%, 6/1/2027 | 540000 | &nbsp;&nbsp; 539059 |
| Las Vegas Sands Corp., 5.9%, 6/1/2027 | 1500000 | &nbsp;&nbsp; 1519497 |
| Marriott International, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.875%, 5/15/2029  | 1960000 | &nbsp;&nbsp; 1982254 |
| &nbsp;&nbsp;&nbsp; 5.45%, 9/15/2026  | 560000 | &nbsp;&nbsp; 562190 |
| Nissan Motor Acceptance Co. LLC, 144A, 6.95%, 9/15/2026 | 740000 | &nbsp;&nbsp; 743646 |
| O'Reilly Automotive, Inc., 5.75%, 11/20/2026 | 2420000 | &nbsp;&nbsp; 2440154 |
| Volkswagen Group of America Finance LLC, 144A, 6.0%, 11/16/2026 | 4000000 | &nbsp;&nbsp; 4037753 |
|  |  | &nbsp;&nbsp; **34256980** |
| **Consumer Staples 0.1%** | **Consumer Staples 0.1%** |  |
| Campbell's Co., 5.2%, 3/19/2027 | 1060000 | &nbsp;&nbsp; **1065699** |
| **Energy 1.4%** | **Energy 1.4%** |  |
| Columbia Pipelines Holding Co. LLC, 144A, 6.055%, 8/15/2026 | 770000 | &nbsp;&nbsp; 773497 |
| Diamondback Energy, Inc., 5.2%, 4/18/2027 | 1670000 | &nbsp;&nbsp; 1683146 |
| Helmerich & Payne, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 12/1/2027  | 1000000 | &nbsp;&nbsp; 1000987 |
| &nbsp;&nbsp;&nbsp; 4.85%, 12/1/2029  | 2500000 | &nbsp;&nbsp; 2499803 |
| Saudi Arabian Oil Co., 144A, 4.0%, 2/2/2029 | 750000 | &nbsp;&nbsp; 734260 |
| South Bow USA Infrastructure Holdings LLC, 4.911%, 9/1/2027 | 1373000 | &nbsp;&nbsp; 1378518 |
| Whistler Pipeline LLC, 144A, 5.7%, 9/30/2031 | 4000000 | &nbsp;&nbsp; 4108720 |
|  |  | &nbsp;&nbsp; **12178931** |
| **Financials 8.4%** | **Financials 8.4%** |  |
| AerCap Ireland Capital DAC: |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 10/29/2026  | 2110000 | &nbsp;&nbsp; 2086758 |
| &nbsp;&nbsp;&nbsp; 4.625%, 9/10/2029  | 1121000 | &nbsp;&nbsp; 1118786 |
| Aircastle Ltd., 144A, 6.5%, 7/18/2028 | 1700000 | &nbsp;&nbsp; 1762488 |
| Ares Capital Corp., 7.0%, 1/15/2027 | 3040000 | &nbsp;&nbsp; 3081045 |
| Avolon Holdings Funding Ltd., 144A, 6.375%, 5/4/2028 | 2670000 | &nbsp;&nbsp; 2748245 |
| Banco Santander SA, 5.588%, 8/8/2028 | 4000000 | &nbsp;&nbsp; 4097292 |
| Bank of Nova Scotia, 5.35%, 12/7/2026 | 5000000 | &nbsp;&nbsp; 5037896 |
| Barclays PLC, 4.837%, 9/10/2028 | 1018000 | &nbsp;&nbsp; 1021916 |
| BGC Group, Inc., 6.6%, 6/10/2029 | 2100000 | &nbsp;&nbsp; 2166633 |
| Blackstone Private Credit Fund, 7.3%, 11/27/2028 | 1500000 | &nbsp;&nbsp; 1530696 |

---

------

---

| | | |
|:---|:---|:---|
| Capital One Financial Corp., 7.149%, 10/29/2027 | 1940000 | &nbsp;&nbsp; 1966531 |
| Credit Agricole SA, 144A, 4.631%, 9/11/2028 | 2500000 | &nbsp;&nbsp; 2499276 |
| Essent Group Ltd., 6.25%, 7/1/2029 | 6000000 | &nbsp;&nbsp; 6206551 |
| Goldman Sachs BDC, Inc., 5.1%, 1/28/2029 | 1179000 | &nbsp;&nbsp; 1145121 |
| Jackson National Life Global Funding, 144A, 5.55%, 7/2/2027 | 1425000 | &nbsp;&nbsp; 1438052 |
| Jefferies Financial Group, Inc., 5.875%, 7/21/2028 | 2060000 | &nbsp;&nbsp; 2103403 |
| Keybank National Association, 3.4%, 5/20/2026 | 4000000 | &nbsp;&nbsp; 3994058 |
| Lloyds Banking Group PLC, 5.985%, 8/7/2027 | 1140000 | &nbsp;&nbsp; 1145441 |
| Macquarie Bank Ltd., 144A, 5.391%, 12/7/2026 | 1950000 | &nbsp;&nbsp; 1965533 |
| Macquarie Group Ltd., 144A, 1 day USD SOFR + 0.92%, 4.566% (a), 9/23/2027 | 6000000 | &nbsp;&nbsp; 6009414 |
| NatWest Group PLC, 5.583%, 3/1/2028 | 1280000 | &nbsp;&nbsp; 1292647 |
| NatWest Markets PLC, 144A, 5.416%, 5/17/2027 | 2090000 | &nbsp;&nbsp; 2116290 |
| Santander Holdings USA, Inc., 6.124%, 5/31/2027 | 611000 | &nbsp;&nbsp; 612251 |
| Santander U.K. Group Holdings PLC, 1.673%, 6/14/2027 | 2227000 | &nbsp;&nbsp; 2213312 |
| Societe Generale SA, 144A, 5.519%, 1/19/2028 | 3000000 | &nbsp;&nbsp; 3019971 |
| Starwood Property Trust, Inc., 144A, (REIT), 3.625%, 7/15/2026 | 1000000 | &nbsp;&nbsp; 993868 |
| Swedbank AB, 144A, 6.136%, 9/12/2026 | 3000000 | &nbsp;&nbsp; 3023696 |
| Takeoff Merger Sub, Inc., 144A, 4.4%, 3/24/2028 | 3000000 | &nbsp;&nbsp; 2983911 |
| Truist Financial Corp., 6.047%, 6/8/2027 | 5000000 | &nbsp;&nbsp; 5012595 |
|  |  | &nbsp;&nbsp; **74393676** |
| **Health Care 1.3%** | **Health Care 1.3%** |  |
| Bayer U.S. Finance II LLC, 144A, 4.375%, 12/15/2028 | 1500000 | &nbsp;&nbsp; 1484953 |
| Cencora, Inc., 4.25%, 11/15/2030 | 2446000 | &nbsp;&nbsp; 2401303 |
| HCA, Inc., 4.5%, 2/15/2027 | 2000000 | &nbsp;&nbsp; 2000002 |
| Icon Investments Six DAC, 5.809%, 5/8/2027 | 4170000 | &nbsp;&nbsp; 4191114 |
| Quest Diagnostics, Inc., 4.6%, 12/15/2027 | 1132000 | &nbsp;&nbsp; 1137072 |
| Teva Pharmaceutical Finance Netherlands III BV, 4.75%, 5/9/2027 | 730000 | &nbsp;&nbsp; 728320 |
|  |  | &nbsp;&nbsp; **11942764** |
| **Industrials 1.2%** | **Industrials 1.2%** |  |
| AGCO Corp., 5.45%, 3/21/2027 | 1270000 | &nbsp;&nbsp; 1278651 |
| HEICO Corp., 5.25%, 8/1/2028 | 2970000 | &nbsp;&nbsp; 3027228 |
| Penske Truck Leasing Co. LP: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 1.7%, 6/15/2026  | 3000000 | &nbsp;&nbsp; 2983164 |
| &nbsp;&nbsp;&nbsp; 144A, 4.4%, 7/1/2027  | 1960000 | &nbsp;&nbsp; 1953415 |
| Ryder System, Inc., 4.95%, 9/1/2029 | 1318000 | &nbsp;&nbsp; 1334580 |
|  |  | &nbsp;&nbsp; **10577038** |
| **Information Technology 2.0%** | **Information Technology 2.0%** |  |
| Broadcom, Inc., 5.05%, 7/12/2027 | 534000 | &nbsp;&nbsp; 539477 |
| Concentrix Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 6.6%, 8/2/2028 (b) | 4000000 | &nbsp;&nbsp; 3975558 |
| &nbsp;&nbsp;&nbsp; 6.65%, 8/2/2026  | 550000 | &nbsp;&nbsp; 552422 |
| DXC Technology Co., 1.8%, 9/15/2026 | 2580000 | &nbsp;&nbsp; 2548057 |
| Global Payments, Inc., 4.95%, 8/15/2027 | 920000 | &nbsp;&nbsp; 921704 |
| Hewlett Packard Enterprise Co., 4.45%, 9/25/2026 | 1377000 | &nbsp;&nbsp; 1378127 |
| Kyndryl Holdings, Inc., 2.05%, 10/15/2026 (b) | 3500000 | &nbsp;&nbsp; 3443196 |
| Microchip Technology, Inc., 5.05%, 3/15/2029 | 1330000 | &nbsp;&nbsp; 1349311 |
| NXP BV, 4.4%, 6/1/2027 | 1370000 | &nbsp;&nbsp; 1369466 |
| Workday, Inc., 3.5%, 4/1/2027 | 1430000 | &nbsp;&nbsp; 1417435 |
|  |  | &nbsp;&nbsp; **17494753** |
| **Materials 0.9%** | **Materials 0.9%** |  |
| Huntsman International LLC, 4.5%, 5/1/2029 | 2000000 | &nbsp;&nbsp; 1870218 |

---

------

---

| | | |
|:---|:---|:---|
| Mosaic Co., 5.375%, 11/15/2028 | 2480000 | &nbsp;&nbsp; 2533410 |
| WRKCo, Inc., 3.9%, 6/1/2028 | 4000000 | &nbsp;&nbsp; 3951365 |
|  |  | &nbsp;&nbsp; **8354993** |
| **Real Estate 0.3%** | **Real Estate 0.3%** |  |
| Crown Castle, Inc., (REIT), 4.9%, 9/1/2029 | 1188000 | &nbsp;&nbsp; 1194598 |
| RLJ Lodging Trust LP, 144A, (REIT), 3.75%, 7/1/2026 | 240000 | &nbsp;&nbsp; 238830 |
| VICI Properties LP, (REIT), 4.75%, 4/1/2028 | 1000000 | &nbsp;&nbsp; 1001018 |
|  |  | &nbsp;&nbsp; **2434446** |
| **Utilities 0.9%** | **Utilities 0.9%** |  |
| DTE Energy Co., 4.95%, 7/1/2027 | 1219000 | &nbsp;&nbsp; 1226884 |
| ENEL Finance International NV, 144A, 5.125%, 6/26/2029 | 5000000 | &nbsp;&nbsp; 5070907 |
| Eversource Energy, 5.0%, 1/1/2027 | 1450000 | &nbsp;&nbsp; 1454267 |
|  |  | &nbsp;&nbsp; **7752058** |
| **Total Corporate Bonds** (Cost $178,847,800) | **Total Corporate Bonds** (Cost $178,847,800) | &nbsp;&nbsp; **180451338** |
| **Asset-Backed 14.3%** | **Asset-Backed 14.3%** | **Asset-Backed 14.3%** |
| **Automobile Receivables 3.7%** | **Automobile Receivables 3.7%** |  |
| Ally Bank Auto Credit-Linked Notes, "C", Series 2025-A, 144A, 4.844%, 6/15/2033 | 1476878 | &nbsp;&nbsp; 1481260 |
| ARI Fleet Lease Trust, "A2", Series 2026-A, 144A, 3.96%, 11/15/2034 | 1000000 | &nbsp;&nbsp; 996617 |
| CarMax Select Receivables Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "B", Series 2026-A, 4.2%, 5/17/2032  | 1370000 | &nbsp;&nbsp; 1357934 |
| &nbsp;&nbsp;&nbsp; "C", Series 2026-A, 4.43%, 5/17/2032  | 1520000 | &nbsp;&nbsp; 1509743 |
| Carvana Auto Receivables Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "F", Series 2021-N1, 144A, 4.55%, 1/10/2028  | 453031 | &nbsp;&nbsp; 451893 |
| &nbsp;&nbsp;&nbsp; "B", Series 2022-P3, 5.04%, 10/10/2028  | 1350000 | &nbsp;&nbsp; 1357718 |
| Chase Auto Owner Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "B", Series 2025-2A, 144A, 4.32%, 3/25/2031  | 750000 | &nbsp;&nbsp; 744360 |
| &nbsp;&nbsp;&nbsp; "C", Series 2022-AA, 144A, 4.64%, 7/25/2028  | 1040000 | &nbsp;&nbsp; 1042881 |
| CPS Auto Receivables Trust, "E", Series 2021-D, 144A, 4.06%, 12/15/2028 | 835537 | &nbsp;&nbsp; 834872 |
| Exeter Automobile Receivables Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "E", Series 2021-4A, 144A, 4.02%, 1/17/2028  | 1250000 | &nbsp;&nbsp; 1245534 |
| &nbsp;&nbsp;&nbsp; "B", Series 2025-3A, 4.86%, 2/15/2030  | 375000 | &nbsp;&nbsp; 377173 |
| &nbsp;&nbsp;&nbsp; "C", Series 2025-3A, 5.09%, 10/15/2031  | 472000 | &nbsp;&nbsp; 474583 |
| GLS Auto Receivables Issuer Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A2", Series 2026-1A, 144A, 4.04%, 11/15/2028  | 2500000 | &nbsp;&nbsp; 2497663 |
| &nbsp;&nbsp;&nbsp; "B", Series 2026-1A, 144A, 4.22%, 8/17/2030  | 1500000 | &nbsp;&nbsp; 1489355 |
| Huntington Bank Auto Credit-Linked Notes: |  |  |
| &nbsp;&nbsp;&nbsp; "B1", Series 2026-1, 144A, 4.503%, 2/20/2034  | 4000000 | &nbsp;&nbsp; 3982458 |
| &nbsp;&nbsp;&nbsp; "B1", Series 2025-2, 144A, 4.835%, 9/20/2033  | 2401040 | &nbsp;&nbsp; 2405126 |
| OCCU Auto Receivables Trust, "A2", Series 2025-1A, 144A, 4.82%, 4/17/2028 | 1015333 | &nbsp;&nbsp; 1017196 |
| Onemain Direct Auto Receivables Trust, "A1", Series 2022-1A, 144A, 4.65%, 3/14/2029 | 72475 | &nbsp;&nbsp; 72488 |
| PenFed Auto Receivables Owner Trust, "C", Series 2022-A, 144A, 4.83%, 12/15/2028 | 1281467 | &nbsp;&nbsp; 1281542 |
| Santander Drive Auto Receivables Trust, "C", Series 2022-5, 4.74%, 10/16/2028 | 20680 | &nbsp;&nbsp; 20684 |
| Securitized Term Auto Receivables Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "C", Series 2026-A, 144A, 4.431%, 3/25/2033  | 1378021 | &nbsp;&nbsp; 1375326 |
| &nbsp;&nbsp;&nbsp; "B", Series 2025-B, 144A, 4.925%, 12/29/2032  | 2713179 | &nbsp;&nbsp; 2731103 |
| U.S. Bank NA, "B1", Series 2026-RVM1, 144A, 4.959%, 12/25/2046 | 1500000 | &nbsp;&nbsp; 1493020 |
| United Auto Credit Securitization Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "B", Series 2026-1, 144A, 4.63%, 5/10/2029  | 1600000 | &nbsp;&nbsp; 1597579 |
| &nbsp;&nbsp;&nbsp; "C", Series 2026-1, 144A, 5.06%, 6/10/2031  | 750000 | &nbsp;&nbsp; 747960 |
| Westlake Automobile Receivables Trust, "C", Series 2022-3A, 144A, 6.44%, 12/15/2027 | 127641 | &nbsp;&nbsp; 127741 |
|  |  | &nbsp;&nbsp; **32713809** |

---

------

---

| | | |
|:---|:---|:---|
| **Credit Card Receivables 0.5%** | **Credit Card Receivables 0.5%** |  |
| &nbsp;&nbsp;&nbsp; Continental Finance Credit Card ABS Master Trust, "A", Series 2022-A, 144A, 6.19%, <br> 10/15/2030<br>| 293549 | &nbsp;&nbsp; 293867 |
| Evergreen Credit Card Trust, "C", Series 2025-1A, 144A, 4.54%, 10/15/2029 | 1500000 | &nbsp;&nbsp; 1491357 |
| Mission Lane Credit Card Master Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "B", Series 2025-B, 144A, 5.21%, 9/15/2031  | 1750000 | &nbsp;&nbsp; 1755645 |
| &nbsp;&nbsp;&nbsp; "C", Series 2025-B, 144A, 5.41%, 9/15/2031  | 1000000 | &nbsp;&nbsp; 1002893 |
|  |  | &nbsp;&nbsp; **4543762** |
| **Miscellaneous 10.1%** | **Miscellaneous 10.1%** |  |
| &nbsp;&nbsp;&nbsp; AB BSL CLO 4 Ltd., "A1R", Series 2023-4A, 144A, 3 mo. USD Term SOFR + 1.3%, <br> 4.968% (a), 4/20/2038<br>| 1000000 | &nbsp;&nbsp; 1000500 |
| &nbsp;&nbsp;&nbsp; AGL CLO 42 Ltd., "A1", Series 2025-42A, 144A, 3 mo. USD Term SOFR + 1.3%, <br> 4.969% (a), 7/22/2038<br>| 1600000 | &nbsp;&nbsp; 1600320 |
| &nbsp;&nbsp;&nbsp; AGL CLO 44 Ltd., "C", Series 2025-44A, 144A, 3 mo. USD Term SOFR + 1.8%, <br> 5.631% (a), 10/22/2037<br>| 750000 | &nbsp;&nbsp; 743495 |
| &nbsp;&nbsp;&nbsp; AIMCO CLO 20 Ltd., "BR", Series 2023-20A, 144A, 3 mo. USD Term SOFR + 1.55%, <br> 5.221% (a), 10/16/2038<br>| 1000000 | &nbsp;&nbsp; 999640 |
| &nbsp;&nbsp;&nbsp; Allegro CLO XIII Ltd., "A2R", Series 2021-1A, 144A, 3 mo. USD Term SOFR + <br> 1.65%, 5.318% (a), 7/20/2038<br>| 1285000 | &nbsp;&nbsp; 1280386 |
| &nbsp;&nbsp;&nbsp; Apidos CLO LIV Ltd., "B", Series 2025-54A, 144A, 3 mo. USD Term SOFR + 1.6%, <br> 5.268% (a), 10/20/2038<br>| 1000000 | &nbsp;&nbsp; 999970 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXXIX Ltd., "BR", Series 2022-39A, 144A, 3 mo. USD Term SOFR + <br> 1.53%, 5.2% (a), 10/21/2038<br>| 1000000 | &nbsp;&nbsp; 997989 |
| &nbsp;&nbsp;&nbsp; ARES LX CLO Ltd., "BR", Series 2021-60A, 144A, 3 mo. USD Term SOFR + 1.3%, <br> 4.968% (a), 7/18/2034<br>| 2000000 | &nbsp;&nbsp; 1991590 |
| &nbsp;&nbsp;&nbsp; ARES LXXVII CLO Ltd., "A2", Series 2025-77A, 144A, 3 mo. USD Term SOFR + <br> 1.6%, 5.272% (a), 7/15/2038<br>| 1500000 | &nbsp;&nbsp; 1493571 |
| &nbsp;&nbsp;&nbsp; Bain Capital Credit CLO Ltd., "A1RR", Series 2021-4A, 144A, 3 mo. USD Term SOFR <br> + 1.0%, 4.668% (a), 10/20/2034<br>| 2000000 | &nbsp;&nbsp; 1995964 |
| &nbsp;&nbsp;&nbsp; Balboa Bay Loan Funding Ltd., "A1", Series 2024-1A, 144A, 3 mo. USD Term SOFR + <br> 1.51%, 5.178% (a), 7/20/2037<br>| 750000 | &nbsp;&nbsp; 750192 |
| &nbsp;&nbsp;&nbsp; Ballyrock CLO Ltd., "A1AR", Series 2020-14A, 144A, 3 mo. USD Term SOFR + <br> 1.38%, 5.048% (a), 7/20/2037<br>| 2000000 | &nbsp;&nbsp; 2000610 |
| &nbsp;&nbsp;&nbsp; Barings CLO Ltd., "BR", Series 2015-IA, 144A, 3 mo. USD Term SOFR + 1.662%, <br> 5.329% (a), 1/20/2031<br>| 719168 | &nbsp;&nbsp; 719188 |
| &nbsp;&nbsp;&nbsp; BlueMountain Fuji U.S. CLO II Ltd., "A1B", Series 2017-2A, 144A, 3 mo. USD Term <br> SOFR + 1.612%, 5.279% (a), 10/20/2030<br>| 3293868 | &nbsp;&nbsp; 3293509 |
| &nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies CLO Ltd., "ARRR", Series 2016-3A, 144A, 3 mo. <br> USD Term SOFR + 1.09%, 4.758% (a), 7/20/2034<br>| 2000000 | &nbsp;&nbsp; 1995592 |
| &nbsp;&nbsp;&nbsp; CIFC Funding Ltd., "B", Series 2025-4A, 144A, 3 mo. USD Term SOFR + 1.7%, <br> 5.813% (a), 10/24/2038<br>| 950000 | &nbsp;&nbsp; 950195 |
| Compass Datacenters Issuer III LLC, "A2", Series 2025-3A, 144A, 5.286%, 7/25/2050 | 840000 | &nbsp;&nbsp; 831746 |
| Crossroads Asset Trust, "A2", Series 2025-A, 144A, 4.91%, 2/20/2032 | 1064946 | &nbsp;&nbsp; 1070277 |
| DB Master Finance LLC, "A2I", Series 2025-1A, 144A, 4.891%, 8/20/2055 | 1097250 | &nbsp;&nbsp; 1086796 |
| Domino's Pizza Master Issuer LLC, "A2II", Series 2025-1A, 144A, 5.217%, 7/25/2055 | 1091000 | &nbsp;&nbsp; 1084630 |
| &nbsp;&nbsp;&nbsp; Dryden 104 CLO Ltd., "A2R", Series 2022-104A, 144A, 3 mo. USD Term SOFR + <br> 1.6%, 5.256% (a), 8/20/2034<br>| 2775000 | &nbsp;&nbsp; 2767976 |
| &nbsp;&nbsp;&nbsp; Dryden 53 CLO Ltd., "AR", Series 2017-53A, 144A, 3 mo. USD Term SOFR + 1.0%, <br> 4.672% (a), 1/15/2031<br>| 1067086 | &nbsp;&nbsp; 1067477 |
| &nbsp;&nbsp;&nbsp; Dryden 68 CLO Ltd., "ARR", Series 2019-68A, 144A, 3 mo. USD Term SOFR + 1.1%, <br> 4.772% (a), 7/15/2035<br>| 1400000 | &nbsp;&nbsp; 1399307 |
| Elara HGV Timeshare Issuer LLC, "C", Series 2023-A, 144A, 7.3%, 2/25/2038 | 225252 | &nbsp;&nbsp; 231820 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO VIII Ltd., "AR", Series 2021-1A, 144A, 3 mo. USD Term SOFR + <br> 1.55%, 5.218% (a), 4/20/2037<br>| 4000000 | &nbsp;&nbsp; 3996608 |
| &nbsp;&nbsp;&nbsp; Empower CLO Ltd., "AR", Series 2023-1A, 144A, 3 mo. USD Term SOFR + 1.6%, <br> 5.268% (a), 4/25/2038<br>| 3000000 | &nbsp;&nbsp; 3010908 |
| &nbsp;&nbsp;&nbsp; Galaxy 32 CLO Ltd., "AR", Series 2023-32A, 144A, 3 mo. USD Term SOFR + 1.17%, <br> 4.843% (a), 1/20/2039<br>| 1500000 | &nbsp;&nbsp; 1495999 |

---

------

---

| | | |
|:---|:---|:---|
| HPEFS Equipment Trust, "C", Series 2025-2A, 144A, 4.41%, 11/22/2032 | 700000 | &nbsp;&nbsp; 695746 |
| Jersey Mike's Funding LLC, "A2", Series 2025-1A, 144A, 5.61%, 8/16/2055 | 1691500 | &nbsp;&nbsp; 1716734 |
| &nbsp;&nbsp;&nbsp; KKR CLO Ltd., "A1R", Series 2024-45A, 144A, 3 mo. USD Term SOFR + 1.32%, <br> 4.992% (a), 7/15/2038<br>| 1333000 | &nbsp;&nbsp; 1333183 |
| MetroNet Infrastructure Issuer LLC, "A2", Series 2026-1A, 144A, 5.273%, 4/20/2056 | 750000 | &nbsp;&nbsp; 750328 |
| Mosaic Solar Loan Trust, "A", Series 2020-1A, 144A, 2.1%, 4/20/2046 | 763290 | &nbsp;&nbsp; 672997 |
| MVW LLC: |  |  |
| &nbsp;&nbsp;&nbsp; "B", Series 2021-1WA, 144A, 1.44%, 1/22/2041  | 75862 | &nbsp;&nbsp; 73337 |
| &nbsp;&nbsp;&nbsp; "A", Series 2020-1A, 144A, 1.74%, 10/20/2037  | 57972 | &nbsp;&nbsp; 57395 |
| &nbsp;&nbsp;&nbsp; "B", Series 2019-2A, 144A, 2.44%, 10/20/2038  | 153169 | &nbsp;&nbsp; 152944 |
| &nbsp;&nbsp;&nbsp; "B", Series 2020-1A, 144A, 2.73%, 10/20/2037  | 57972 | &nbsp;&nbsp; 57525 |
| &nbsp;&nbsp;&nbsp; "B", Series 2025-2A, 144A, 4.72%, 10/20/2044  | 837593 | &nbsp;&nbsp; 825078 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers CLO 45 Ltd., "AR", Series 2021-45A, 144A, 3 mo. <br> USD Term SOFR + 1.06%, 4.727% (a), 10/14/2036<br>| 2000000 | &nbsp;&nbsp; 1996792 |
| &nbsp;&nbsp;&nbsp; NRZ Excess Spread-Collateralized Notes, "A", Series 2021-GNT1, 144A, 3.474%, <br> 11/25/2026<br>| 673266 | &nbsp;&nbsp; 664131 |
| &nbsp;&nbsp;&nbsp; Oaktree CLO Ltd., "A1R", Series 2022-1A, 144A, 3 mo. USD Term SOFR + 1.37%, <br> 5.042% (a), 7/15/2038<br>| 1333000 | &nbsp;&nbsp; 1334366 |
| OCP CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "A1", Series 2024-32A, 144A, 3 mo. USD Term SOFR + 1.52%, 5.191% (a), <br> 4/23/2037 <br>| 1250000 | &nbsp;&nbsp; 1250118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "CR2", Series 2021-23A, 144A, 3 mo. USD Term SOFR + 1.7%, 5.368% (a), <br> 1/17/2039 <br>| 1100000 | &nbsp;&nbsp; 1092231 |
| &nbsp;&nbsp;&nbsp; Palmer Square CLO Ltd., "A", Series 2025-4A, 144A, 3 mo. USD Term SOFR + 1.27%, <br> 5.227% (a), 10/20/2038<br>| 1000000 | &nbsp;&nbsp; 999248 |
| PEAC Solutions Receivables LLC, "A2", Series 2026-1A, 144A, 4.27%, 10/20/2028 | 3000000 | &nbsp;&nbsp; 2998505 |
| &nbsp;&nbsp;&nbsp; Pikes Peak CLO Ltd., "BR", Series 2023-14A, 144A, 3 mo. USD Term SOFR + 1.75%, <br> 5.418% (a), 7/20/2038<br>| 1473440 | &nbsp;&nbsp; 1476375 |
| Point Broadband Funding LLC, "A2", Series 2025-1A, 144A, 5.336%, 7/20/2055 | 1000000 | &nbsp;&nbsp; 1000736 |
| &nbsp;&nbsp;&nbsp; Regatta 34 Funding Ltd., "A2", Series 2025-3A, 144A, 3 mo. USD Term SOFR + <br> 1.75%, 5.418% (a), 7/20/2038<br>| 1500000 | &nbsp;&nbsp; 1494601 |
| &nbsp;&nbsp;&nbsp; RR 43 Ltd., "A2", Series 2026-43A, 144A, 3 mo. USD Term SOFR + 1.5%, 5.153% (a), <br> 10/15/2039<br>| 971000 | &nbsp;&nbsp; 968978 |
| &nbsp;&nbsp;&nbsp; Sculptor CLO XXVI Ltd., "CR", Series 26A, 144A, 3 mo. USD Term SOFR + 2.2%, <br> 5.868% (a), 1/20/2038<br>| 1500000 | &nbsp;&nbsp; 1489247 |
| Service Experts Issuer LLC, "A", Series 2025-1A, 144A, 5.38%, 1/20/2037 | 1248559 | &nbsp;&nbsp; 1243066 |
| SERVPRO Master Issuer LLC, "A2", Series 2025-1A, 144A, 5.525%, 10/25/2055 | 179550 | &nbsp;&nbsp; 177558 |
| Sesac Finance LLC, "A2", Series 2025-1, 144A, 5.5%, 7/25/2055 | 700000 | &nbsp;&nbsp; 686195 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO 29 Ltd., "B", Series 2025-29A, 144A, 3 mo. USD Term SOFR + <br> 1.65%, 5.318% (a), 7/17/2038<br>| 714000 | &nbsp;&nbsp; 714704 |
| Taco Bell Funding LLC, "A2II", Series 2025-1A, 144A, 5.049%, 8/25/2055 | 1250000 | &nbsp;&nbsp; 1220762 |
| Texas Debt Capital CLO Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "A1R", Series 2023-1A, 144A, 3 mo. USD Term SOFR + 1.3%, 4.968% (a), <br> 7/20/2038 <br>| 1570000 | &nbsp;&nbsp; 1570642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "A2R", Series 2023-1A, 144A, 3 mo. USD Term SOFR + 1.55%, 5.218% (a), <br> 7/20/2038 <br>| 3000000 | &nbsp;&nbsp; 2987358 |
| &nbsp;&nbsp;&nbsp; TICP CLO XI Ltd., "AR", Series 2018-11A, 144A, 3 mo. USD Term SOFR + 1.53%, <br> 5.198% (a), 4/25/2037<br>| 1200000 | &nbsp;&nbsp; 1200224 |
| &nbsp;&nbsp;&nbsp; Venture 50 CLO Ltd., "A1", Series 2024-50A, 144A, 3 mo. USD Term SOFR + 1.45%, <br> 5.118% (a), 10/20/2037<br>| 1000000 | &nbsp;&nbsp; 997273 |
| &nbsp;&nbsp;&nbsp; Venture XXX CLO Ltd., "A2", Series 2017-30A, 144A, 3 mo. USD Term SOFR + <br> 1.612%, 5.284% (a), 1/15/2031<br>| 10000000 | &nbsp;&nbsp; 9996020 |
| VFI ABS LLC, "A", Series 2025-1A, 144A, 4.78%, 6/24/2030 | 361114 | &nbsp;&nbsp; 362241 |
| &nbsp;&nbsp;&nbsp; Zais CLO 18 Ltd., "A1R", Series 2022-18A, 144A, 3 mo. USD Term SOFR + 1.32%, <br> 4.988% (a), 10/25/2037<br>| 2000000 | &nbsp;&nbsp; 1994926 |
| Zayo Issuer LLC, "A2", Series 2025-2A, 144A, 5.953%, 6/20/2055 | 2500000 | &nbsp;&nbsp; 2543540 |
|  |  | &nbsp;&nbsp; **89651359** |
| **Total Asset-Backed** (Cost $127,023,467) | **Total Asset-Backed** (Cost $127,023,467) | &nbsp;&nbsp; **126908930** |

---

------

---

| | | |
|:---|:---|:---|
| **Commercial Mortgage-Backed Securities 4.0%** | **Commercial Mortgage-Backed Securities 4.0%** |  |
| Bank, "A3", Series 2019-BN24, 2.96%, 11/15/2062 | 3500000 | &nbsp;&nbsp; 3299227 |
| Bank5, "A3", Series 2026-5YR20, 5.104%, 2/15/2059 | 2000000 | &nbsp;&nbsp; 2028937 |
| Benchmark Mortgage Trust, "A3", Series 2026-V20, 5.184%, 2/15/2059 | 1500000 | &nbsp;&nbsp; 1526768 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, "A", Series 2026-CSMO, 144A, 1 mo. USD Term <br> SOFR + 1.4%, 5.073% (a), 2/15/2043<br>| 3500000 | &nbsp;&nbsp; 3499983 |
| BX Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "B", Series 2025-ARIA, 144A, 5.177%, 12/13/2042  | 400000 | &nbsp;&nbsp; 400295 |
| &nbsp;&nbsp;&nbsp; "C", Series 2025-ARIA, 144A, 5.517%, 12/13/2042  | 1600000 | &nbsp;&nbsp; 1594049 |
| &nbsp;&nbsp;&nbsp; BXP Trust, "A", Series 2017-CQHP, 144A, 1 mo. USD Term SOFR + 0.897%, 4.57% <br> (a), 11/15/2034<br>| 502736 | &nbsp;&nbsp; 486939 |
| CENT Trust, "A", Series 2025-CITY, 144A, 4.92% (a), 7/10/2040 | 2500000 | &nbsp;&nbsp; 2517929 |
| COMM Mortgage Trust, "B", Series 2013-CR6, 144A, 3.397%, 3/10/2046 | 1482296 | &nbsp;&nbsp; 1468706 |
| CSAIL Commercial Mortgage Trust, "AS", Series 2016-C6, 3.346%, 1/15/2049 | 1000000 | &nbsp;&nbsp; 996944 |
| &nbsp;&nbsp;&nbsp; FHLMC Multifamily Structured Pass-Through Certificates, "X1", Series K058, Interest <br> Only, 0.892% (a), 8/25/2026<br>| 20828614 | &nbsp;&nbsp; 22982 |
| &nbsp;&nbsp;&nbsp; ILPT Commercial Mortgage Trust, "C", Series 2025-LPF2, 144A, 5.829% (a), <br> 7/13/2042<br>| 1000000 | &nbsp;&nbsp; 1000697 |
| &nbsp;&nbsp;&nbsp; JPMCC Commercial Mortgage Securities Trust, "A3", Series 2019-COR5, 3.123%, <br> 6/13/2052<br>| 4000000 | &nbsp;&nbsp; 3844110 |
| &nbsp;&nbsp;&nbsp; JPMDB Commercial Mortgage Securities Trust, "AS", Series 2016-C4, 3.385%, <br> 12/15/2049<br>| 1000000 | &nbsp;&nbsp; 956569 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase Commercial Mortgage Securities Trust, "A", Series 2018-PHH, 144A, <br> 1 mo. USD Term SOFR + 1.257%, 4.93% (a), 6/15/2035<br>| 4380267 | &nbsp;&nbsp; 2847261 |
| Manhattan West Mortgage Trust, "A", Series 2020-1MW, 144A, 2.13%, 9/10/2039 | 1500000 | &nbsp;&nbsp; 1445368 |
| &nbsp;&nbsp;&nbsp; One New York Plaza Trust, "AJ", Series 2020-1NYP, 144A, 1 mo. USD Term SOFR + <br> 1.364%, 5.037% (a), 1/15/2036<br>| 2378000 | &nbsp;&nbsp; 2241265 |
| ROCK Trust, "A", Series 2024-CNTR, 144A, 5.388%, 11/13/2041 | 2600000 | &nbsp;&nbsp; 2643128 |
| &nbsp;&nbsp;&nbsp; Starwood Mortgage Trust, "B", Series 2021-LIH, 144A, 1 mo. USD Term SOFR + <br> 1.77%, 5.443% (a), 11/15/2036<br>| 500000 | &nbsp;&nbsp; 499375 |
| &nbsp;&nbsp;&nbsp; U.S. Bank C&I Credit-Linked Notes, "C", Series 2025-SUP2, 144A, 30 day USD SOFR <br> Average + 1.9%, 5.562% (a), 9/25/2032<br>| 616917 | &nbsp;&nbsp; 619326 |
| &nbsp;&nbsp;&nbsp; UBS Commercial Mortgage Trust, "XA", Series 2017-C1, Interest Only, 1.446% (a), <br> 6/15/2050<br>| 22936705 | &nbsp;&nbsp; 209378 |
| &nbsp;&nbsp;&nbsp; WHARF Commercial Mortgage Trust, "B", Series 2025-DC, 144A, 5.175% (a), <br> 7/15/2040<br>| 1700000 | &nbsp;&nbsp; 1714437 |
| **Total Commercial Mortgage-Backed Securities** (Cost $37,356,790) | **Total Commercial Mortgage-Backed Securities** (Cost $37,356,790) | &nbsp;&nbsp; **35863673** |
| **Collateralized Mortgage Obligations 1.9%** | **Collateralized Mortgage Obligations 1.9%** | **Collateralized Mortgage Obligations 1.9%** |
| Barclays Mortgage Loan Trust, "A2", Series 2021-NQM1, 144A, 1.984%, 9/25/2051 | 807767 | &nbsp;&nbsp; 743275 |
| COLT Funding LLC, "A2", Series 2021-3R, 144A, 1.257%, 12/25/2064 | 132182 | &nbsp;&nbsp; 122882 |
| COLT Mortgage Loan Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A1", Series 2021-2R, 144A, 0.798%, 7/27/2054  | 140102 | &nbsp;&nbsp; 126865 |
| &nbsp;&nbsp;&nbsp; "A2", Series 2021-1, 144A, 1.167%, 6/25/2066  | 392093 | &nbsp;&nbsp; 342061 |
| &nbsp;&nbsp;&nbsp; "A3", Series 2021-2, 144A, 1.335%, 8/25/2066  | 1412754 | &nbsp;&nbsp; 1204002 |
| &nbsp;&nbsp;&nbsp; "A2", Series 2021-HX1, 144A, 1.348%, 10/25/2066  | 1024132 | &nbsp;&nbsp; 889235 |
| Connecticut Avenue Securities Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "1M2", Series 2021-R03, 144A, 30 day USD SOFR Average + 1.65%, 5.312% (a), <br> 12/25/2041 <br>| 495007 | &nbsp;&nbsp; 495764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "1M2", Series 2022-R04, 144A, 30 day USD SOFR Average + 3.1%, 6.762% (a), <br> 3/25/2042 <br>| 250000 | &nbsp;&nbsp; 253428 |
| Ellington Financial Mortgage Trust, "A2", Series 2021-3, 144A, 1.396%, 9/25/2066 | 1815969 | &nbsp;&nbsp; 1514610 |
| &nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, "M2", Series 2021-DNA7, <br> 144A, 30 day USD SOFR Average + 1.8%, 5.462% (a), 11/25/2041<br>| 1200000 | &nbsp;&nbsp; 1202986 |
| GCAT Trust, "A2", Series 2021-NQM2, 144A, 1.242%, 5/25/2066 | 498151 | &nbsp;&nbsp; 436775 |
| &nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust, "A2", Series 2020-NQM1, 144A, 1.791%, <br> 9/27/2060<br>| 51277 | &nbsp;&nbsp; 48741 |

---

------

---

| | | |
|:---|:---|:---|
| Imperial Fund Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A2", Series 2021-NQM1, 144A, 1.205%, 6/25/2056  | 812314 | &nbsp;&nbsp; 725240 |
| &nbsp;&nbsp;&nbsp; "A2", Series 2021-NQM2, 144A, 1.362%, 9/25/2056  | 988082 | &nbsp;&nbsp; 848187 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase Bank NA, "M1", Series 2020-CL1, 144A, 1 mo. USD Term SOFR + <br> 2.364%, 6.043% (a), 10/25/2057<br>| 1008431 | &nbsp;&nbsp; 1032609 |
| JPMorgan Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A5", Series 2020-LTV2, 144A, 3.0%, 11/25/2050  | 591299 | &nbsp;&nbsp; 535116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "A11", Series 2022-3, 144A, 30 day USD SOFR Average + 1.1%, 4.762% (a), <br> 8/25/2052 <br>| 1515254 | &nbsp;&nbsp; 1440976 |
| MFA Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A3", Series 2021-INV1, 144A, 1.262%, 1/25/2056  | 40592 | &nbsp;&nbsp; 39498 |
| &nbsp;&nbsp;&nbsp; "A2", Series 2021-NQM2, 144A, 1.317%, 11/25/2064  | 346506 | &nbsp;&nbsp; 308777 |
| &nbsp;&nbsp;&nbsp; "A3", Series 2021-NQM2, 144A, 1.472%, 11/25/2064  | 280734 | &nbsp;&nbsp; 250655 |
| &nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust, "A3", Series 2020-INV1, 144A, 1.593%, <br> 11/25/2055<br>| 128331 | &nbsp;&nbsp; 123674 |
| Towd Point Mortgage Trust, "M1", Series 2022-SJ1, 144A, 4.5%, 3/25/2062 | 2500000 | &nbsp;&nbsp; 2444742 |
| Verus Securitization Trust, "A2", Series 2021-R3, 144A, 1.277%, 4/25/2064 | 174178 | &nbsp;&nbsp; 166354 |
| &nbsp;&nbsp;&nbsp; Western Alliance Bank, "M1", Series 2021-CL2, 144A, 30 day USD SOFR Average + <br> 3.15%, 6.812% (a), 7/25/2059<br>| 1234680 | &nbsp;&nbsp; 1320916 |
| **Total Collateralized Mortgage Obligations** (Cost $17,848,845) | **Total Collateralized Mortgage Obligations** (Cost $17,848,845) | &nbsp;&nbsp; **16617368** |
| **Government & Agency Obligations 44.7%** | **Government & Agency Obligations 44.7%** | **Government & Agency Obligations 44.7%** |
| **Other Government Related (c) 0.0%** | **Other Government Related (c) 0.0%** |  |
| Vnesheconombank, 144A, 6.025%, 7/5/2022\* (d) | 1500000 | &nbsp;&nbsp; **0** |
| **U.S. Treasury Obligations 44.7%** | **U.S. Treasury Obligations 44.7%** |  |
| U.S. Treasury Bills: |  |  |
| &nbsp;&nbsp;&nbsp; 3.489% (e), 2/18/2027 (f) | 40000000 | &nbsp;&nbsp; 38736495 |
| &nbsp;&nbsp;&nbsp; 3.505% (e), 2/18/2027 (f) | 20000000 | &nbsp;&nbsp; 19368248 |
| &nbsp;&nbsp;&nbsp; 3.591% (e), 9/17/2026 (f) (g) | 15000000 | &nbsp;&nbsp; 14746972 |
| &nbsp;&nbsp;&nbsp; 3.602% (e), 2/18/2027 (f) | 10000000 | &nbsp;&nbsp; 9684124 |
| &nbsp;&nbsp;&nbsp; 3.608% (e), 2/18/2027 (f) | 15000000 | &nbsp;&nbsp; 14526186 |
| &nbsp;&nbsp;&nbsp; 3.61% (e), 6/18/2026 (f) | 20000000 | &nbsp;&nbsp; 19844130 |
| &nbsp;&nbsp;&nbsp; 3.616% (e), 6/18/2026 (f) | 5000000 | &nbsp;&nbsp; 4961032 |
| &nbsp;&nbsp;&nbsp; 3.617% (e), 6/18/2026 (f) | 18000000 | &nbsp;&nbsp; 17859717 |
| &nbsp;&nbsp;&nbsp; 3.617% (e), 9/17/2026 (f) (g) | 8000000 | &nbsp;&nbsp; 7865052 |
| &nbsp;&nbsp;&nbsp; 3.618% (e), 9/17/2026 (f) (g) | 20000000 | &nbsp;&nbsp; 19662629 |
| &nbsp;&nbsp;&nbsp; 3.623% (e), 9/17/2026 (f) (g) | 15000000 | &nbsp;&nbsp; 14746972 |
| U.S. Treasury Floating Rate Notes: |  |  |
| &nbsp;&nbsp;&nbsp; 3 mo. Treasury money market yield + 0.098%, 3.751% (a), 1/31/2027  | 100000000 | &nbsp;&nbsp; 100037699 |
| &nbsp;&nbsp;&nbsp; 3 mo. Treasury money market yield + 0.099%, 3.752% (a), 1/31/2028  | 20000000 | &nbsp;&nbsp; 19998888 |
| U.S. Treasury Notes: |  |  |
| &nbsp;&nbsp;&nbsp; 0.625%, 3/31/2027  | 25000000 | &nbsp;&nbsp; 24250732 |
| &nbsp;&nbsp;&nbsp; 4.125%, 9/30/2027  | 25000000 | &nbsp;&nbsp; 25102539 |
| &nbsp;&nbsp;&nbsp; 4.375%, 7/15/2027  | 20000000 | &nbsp;&nbsp; 20135938 |
| &nbsp;&nbsp;&nbsp; 4.625%, 11/15/2026  | 25000000 | &nbsp;&nbsp; 25127539 |
|  |  | &nbsp;&nbsp; **396654892** |
| **Total Government & Agency Obligations** (Cost $397,757,103) | **Total Government & Agency Obligations** (Cost $397,757,103) | &nbsp;&nbsp; **396654892** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | | |
|:---|:---|:---|
|  | **Contracts/** <br>**Notional** <br> **Amount** <br>| **Value ($)** |
| **Put Options Purchased 0.0%** | **Put Options Purchased 0.0%** | **Put Options Purchased 0.0%** |
| **Options on Exchange-Traded Futures Contracts**  | **Options on Exchange-Traded Futures Contracts**  |  |
| Brent Crude Oil, Expiration Date 04/27/2026, Strike Price $35  | 2000 <br>2000000<br>| &nbsp;&nbsp; 20000 |
| Brent Crude Oil, Expiration Date 04/27/2026, Strike Price $40  | 2000 <br>2000000<br>| &nbsp;&nbsp; 20000 |
| **Total Put Options Purchased** (Cost $360,000) |  | &nbsp;&nbsp; **40000** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value ($)** |
| **Securities Lending Collateral 0.4%** | **Securities Lending Collateral 0.4%** | **Securities Lending Collateral 0.4%** |
| &nbsp;&nbsp;&nbsp; DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional <br> Shares", 3.55% (h) (i) (Cost $3,719,571)<br>| 3719571 | &nbsp;&nbsp; **3719571** |
| **Cash Equivalents 14.4%** | **Cash Equivalents 14.4%** | **Cash Equivalents 14.4%** |
| DWS Central Cash Management Government Fund, 3.66% (h) (Cost $128,075,042) | 128075042 | &nbsp;&nbsp; **128075042** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **% of** <br>**Net Assets**<br>| **Value ($)** |
| **Total Consolidated Investment Portfolio** (Cost $890,988,618) | 100.0 | &nbsp;&nbsp; **888330814** |
| **Other Assets and Liabilities, Net**  | 0.0 | &nbsp;&nbsp; **19926** |
| **Net Assets** | 100.0 | &nbsp;&nbsp; **888350740** |

---

*For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.*

*A summary of the Fund's transactions with affiliated investments during the period ended March 31, 2026 are as follows:* 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value ($) at** <br>**6/30/2025**<br>| **Purchases** <br>**Cost ($)**<br>| **Sales** <br>**Proceeds ($)**<br>| **Net Realized** <br>**Gain/** <br>**(Loss) ($)**<br>| **Net Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation) ($)**<br>| **Income ($)** | **Capital Gain** <br>**Distributions ($)**<br>| **Number** <br>**of Shares** <br>**at** <br>**3/31/2026**<br>| **Value ($) at** <br>**3/31/2026**<br>|
| **Securities Lending Collateral 0.4%** | **Securities Lending Collateral 0.4%** | **Securities Lending Collateral 0.4%** | **Securities Lending Collateral 0.4%** | **Securities Lending Collateral 0.4%** | **Securities Lending Collateral 0.4%** | **Securities Lending Collateral 0.4%** | **Securities Lending Collateral 0.4%** | **Securities Lending Collateral 0.4%** |
| DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (h) (i) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (h) (i) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (h) (i) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (h) (i) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (h) (i) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (h) (i) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (h) (i) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (h) (i) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.55% (h) (i) |
| 7067351  | —  | 3,347,780 (j) | —  | —  | 106072  | —  | 3719571  | 3719571  |
| **Cash Equivalents 14.4%** | **Cash Equivalents 14.4%** | **Cash Equivalents 14.4%** | **Cash Equivalents 14.4%** | **Cash Equivalents 14.4%** | **Cash Equivalents 14.4%** | **Cash Equivalents 14.4%** | **Cash Equivalents 14.4%** | **Cash Equivalents 14.4%** |
| DWS Central Cash Management Government Fund, 3.66% (h) | DWS Central Cash Management Government Fund, 3.66% (h) | DWS Central Cash Management Government Fund, 3.66% (h) | DWS Central Cash Management Government Fund, 3.66% (h) | DWS Central Cash Management Government Fund, 3.66% (h) | DWS Central Cash Management Government Fund, 3.66% (h) | DWS Central Cash Management Government Fund, 3.66% (h) | DWS Central Cash Management Government Fund, 3.66% (h) | DWS Central Cash Management Government Fund, 3.66% (h) |
| 87199149  | 799833642  | 758957749  | —  | —  | 2180427  | —  | 128075042  | 128075042  |
| **94266500** | **799833642** | **762305529** | **—** | **—** | **2286499** | **—** | **131794613** | **131794613** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*\** *Non-income producing security.* 

*(a)* *Variable or floating rate security. These securities are shown at their current rate as of March 31, 2026. For securities based on a* *published reference rate and spread, the reference rate and spread are indicated within the description above. Certain variable* *rate securities are not based on a published reference rate and spread but adjust periodically based on current market conditions,* *prepayment of underlying positions and/or other variables. Securities with a floor or ceiling feature are disclosed at the inherent* *rate, where applicable.* 

*(b)* *All or a portion of these securities were on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that* *are also on loan. The value of securities loaned at March 31, 2026 amounted to $3,615,424, which is 0.4% of net assets.* 

*(c)* *Government-backed debt issued by financial companies or government sponsored enterprises.*

*(d)* *Investment was valued using significant unobservable inputs.*

*(e)* *Annualized yield at time of purchase; not a coupon rate.*

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(f)* *At March 31, 2026, this security has been pledged, in whole or in part, as collateral for open commodity-linked rate swap* *contracts.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(g)* *At March 31, 2026, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures* *contracts.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(h)* *Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at* *period end.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(i)* *Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(j)* *Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period* *ended March 31, 2026.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| *144A: Security exempt from registration under Rule 144A under the Securities Act of 1933. These securities may be resold in* <br> *transactions exempt from registration, normally to qualified institutional buyers.*<br>|
| *CLO: Collateralized Loan Obligation* |
| *COT: Commitment of Traders* |
| *Interest Only: Interest Only (IO) bonds represent the "interest only" portion of payments on a pool of underlying mortgages or* <br> *mortgage-backed securities. IO securities are subject to prepayment risk of the pool of underlying mortgages.*<br>|
| *LME: London Metal Exchange* |
| *RBOB: Reformulated Blendstock for Oxygenate Blending* |
| *REIT: Real Estate Investment Trust* |
| *SOFR: Secured Overnight Financing Rate* |
| *ULS: Ultra-Low Sulfur* |
| *ULSD: Ultra-Low Sulfur Diesel* |
| *WTI: West Texas Intermediate* |

---

*Included in the portfolio are investments in mortgage or asset-backed securities which are interests in separate pools of mortgages or assets. Effective maturities of these investments may be shorter than stated maturities due to prepayments.* 

*At March 31, 2026, open futures contracts purchased were as follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures** | **Currency** | &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp;&nbsp; **Notional** <br>**Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**Value ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation) ($)**<br>|
| Brent Crude Oil  | USD | 4/30/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 50<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4929134 | &nbsp;&nbsp;&nbsp;&nbsp; 5198500<br>| &nbsp;&nbsp;&nbsp;&nbsp; 269366 |
| Gold 100 Troy <br> Ounces <br>| USD | 5/27/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 70<br>| &nbsp;&nbsp;&nbsp;&nbsp; 31482459 | &nbsp;&nbsp;&nbsp;&nbsp; 32638900<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1156441 |
| LME Copper  | USD | 7/13/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 30<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9198860 | &nbsp;&nbsp;&nbsp;&nbsp; 9259763<br>| &nbsp;&nbsp;&nbsp;&nbsp; 60903 |
| LME Copper  | USD | 4/13/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 52<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17948479 | &nbsp;&nbsp;&nbsp;&nbsp; 15968134<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1980345)<br>|
| LME Copper  | USD | 6/15/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 28<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9324119 | &nbsp;&nbsp;&nbsp;&nbsp; 8633464<br>| &nbsp;&nbsp;&nbsp;&nbsp; (690655)<br>|
| LME Nickel  | USD | 6/15/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 166<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17256006 | &nbsp;&nbsp;&nbsp;&nbsp; 17017646<br>| &nbsp;&nbsp;&nbsp;&nbsp; (238360)<br>|
| LME Primary <br> Aluminum <br>| USD | 5/18/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 108<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8607997 | &nbsp;&nbsp;&nbsp;&nbsp; 9460908<br>| &nbsp;&nbsp;&nbsp;&nbsp; 852911 |
| LME Primary <br> Aluminum <br>| USD | 6/15/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 210<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17677523 | &nbsp;&nbsp;&nbsp;&nbsp; 18281235<br>| &nbsp;&nbsp;&nbsp;&nbsp; 603712 |
| LME Zinc  | USD | 5/18/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 105<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8442386 | &nbsp;&nbsp;&nbsp;&nbsp; 8507468<br>| &nbsp;&nbsp;&nbsp;&nbsp; 65082 |
| Low Sulfur Gas <br> Oil <br>| USD | 5/12/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 91<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10811724 | &nbsp;&nbsp;&nbsp;&nbsp; 11277175<br>| &nbsp;&nbsp;&nbsp;&nbsp; 465451 |
| NY Harbor ULSD  | USD | 4/30/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 60<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10522293 | &nbsp;&nbsp;&nbsp;&nbsp; 10366776<br>| &nbsp;&nbsp;&nbsp;&nbsp; (155517)<br>|
| NYMEX <br> Platinum <br>| USD | 7/29/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 90<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8568593 | &nbsp;&nbsp;&nbsp;&nbsp; 8865900<br>| &nbsp;&nbsp;&nbsp;&nbsp; 297307 |
| RBOB Gasoline  | USD | 4/30/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 76<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10217177 | &nbsp;&nbsp;&nbsp;&nbsp; 10226849<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9672 |
| **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | &nbsp;&nbsp;&nbsp;&nbsp; **715968** |

---

------

*At March 31, 2026, open futures contracts sold were as follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures** | **Currency** | &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp;&nbsp; **Notional** <br>**Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**Value ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation) ($)**<br>|
| LME Copper  | USD | 4/13/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 52<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16762011 | &nbsp;&nbsp;&nbsp;&nbsp; 15968134<br>| &nbsp;&nbsp;&nbsp;&nbsp; 793877 |
| LME Copper  | USD | 7/13/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 30<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9081810 | &nbsp;&nbsp;&nbsp;&nbsp; 9259763<br>| &nbsp;&nbsp;&nbsp;&nbsp; (177953)<br>|
| LME Copper  | USD | 6/15/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 28<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8968297 | &nbsp;&nbsp;&nbsp;&nbsp; 8633464<br>| &nbsp;&nbsp;&nbsp;&nbsp; 334833 |
| LME Nickel  | USD | 6/15/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 241<br>| &nbsp;&nbsp;&nbsp;&nbsp; 24804582 | &nbsp;&nbsp;&nbsp;&nbsp; 24706342<br>| &nbsp;&nbsp;&nbsp;&nbsp; 98240 |
| LME Primary <br> Aluminum <br>| USD | 6/15/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 210<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17783602 | &nbsp;&nbsp;&nbsp;&nbsp; 18281235<br>| &nbsp;&nbsp;&nbsp;&nbsp; (497633)<br>|
| LME Primary <br> Aluminum <br>| USD | 5/18/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 108<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8520803 | &nbsp;&nbsp;&nbsp;&nbsp; 9460908<br>| &nbsp;&nbsp;&nbsp;&nbsp; (940105)<br>|
| LME Zinc  | USD | 5/18/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 105<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8677864 | &nbsp;&nbsp;&nbsp;&nbsp; 8507468<br>| &nbsp;&nbsp;&nbsp;&nbsp; 170396 |
| LME Zinc  | USD | 6/15/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 100<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7977151 | &nbsp;&nbsp;&nbsp;&nbsp; 8107500<br>| &nbsp;&nbsp;&nbsp;&nbsp; (130349)<br>|
| NYMEX <br> Platinum <br>| USD | 6/26/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 62<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8738738 | &nbsp;&nbsp;&nbsp;&nbsp; 9222500<br>| &nbsp;&nbsp;&nbsp;&nbsp; (483762)<br>|
| **Total net unrealized depreciation** | **Total net unrealized depreciation** | **Total net unrealized depreciation** | **Total net unrealized depreciation** | **Total net unrealized depreciation** | **Total net unrealized depreciation** | &nbsp;&nbsp;&nbsp;&nbsp; **(832456)**<br>|

---

*At March 31, 2026, open written option contracts were as follows:* 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Options on Exchange-Traded Futures Contracts** | **Options on Exchange-Traded Futures Contracts** | **Options on Exchange-Traded Futures Contracts** | **Options on Exchange-Traded Futures Contracts** | **Options on Exchange-Traded Futures Contracts** | **Options on Exchange-Traded Futures Contracts** | **Options on Exchange-Traded Futures Contracts** |  |
|  | **Contracts** | &nbsp;&nbsp; **Expiration**<br> **Date**<br>| &nbsp;&nbsp; **Strike**<br> **Price ($)**<br>| &nbsp;&nbsp; **Notional**<br> **Amount ($)**<br>| &nbsp;&nbsp; **Premiums**<br> **Received ($)**<br>| **Value ($)** | &nbsp;&nbsp; **Unrealized**<br> **Appreciation ($)**<br>|
| **Call Options** |  |  |  |  |  |  |  |
| Natural Gas | 350 | 4/27/2026 | &nbsp;&nbsp;&nbsp;&nbsp;5.5 | &nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp; 482241 | &nbsp;&nbsp;&nbsp; (18550)<br>| &nbsp;&nbsp;&nbsp; 463691 |
| **Total Call Options** | **Total Call Options** | **Total Call Options** | **Total Call Options** | **Total Call Options** | &nbsp;&nbsp; **482241** | &nbsp;&nbsp; **(18550)**<br>| &nbsp;&nbsp; **463691** |

---

*Each commodity linked swap is a commitment to receive the total return of the specified commodity linked index in exchange for a fixed financing rate. At March 31, 2026, open commodity-linked swap contracts were as follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive** <br>**Return of the** <br>**Reference Index**<br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Counterparty** | &nbsp;&nbsp; **Notional** <br>**Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Fixed Fee** <br>**Received/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Paid) by** <br>**the Fund**<br>| **Frequency** | **Value ($)†** |
| **Long Positions** |  |  |  |  |  |  |
| BABXDWCD Excess Return <br> Index/BABXDWCD<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International <br> Ltd.<br>| &nbsp;&nbsp;&nbsp; 102309000 | (0.187) | At Expiration | &nbsp;&nbsp;&nbsp; (660296)<br>|
| Barclays Commodity <br> Strategy 1673/BXCS1673<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Barclays Bank <br> PLC<br>| &nbsp;&nbsp;&nbsp; 11100000 | (0.28) | At Expiration | &nbsp;&nbsp;&nbsp; 180024 |
| Barclays Commodity <br> Strategy 1721/BXCS1721<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Barclays Bank <br> PLC<br>| &nbsp;&nbsp;&nbsp; 37520000 | (0.40) | At Expiration | &nbsp;&nbsp;&nbsp; (363195)<br>|
| Barclays Commodity <br> Strategy 1750/BXCS1750<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Barclays Bank <br> PLC<br>| &nbsp;&nbsp;&nbsp; 17850000 | - | At Expiration | &nbsp;&nbsp;&nbsp; 166194 |
| Bloomberg Commodity <br> Index 2 Month <br> Forward/BCOMF2<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Goldman <br> Sachs & Co.<br>| &nbsp;&nbsp;&nbsp; 15000000 | (0.10) | At Expiration | &nbsp;&nbsp;&nbsp; (154758)<br>|
| Bloomberg Commodity <br> Index 6 Month <br> Forward/BCOMF6<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; JPMorgan <br> Chase <br> Securities, Inc.<br>| &nbsp;&nbsp;&nbsp; 17400000 | (0.13) | At Expiration | &nbsp;&nbsp;&nbsp; 12072 |
| Bloomberg Commodity <br> Index Excess <br> Return/BCOMBO<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International <br> Ltd.<br>| &nbsp;&nbsp;&nbsp; 8500000 | (0.12) | At Expiration | &nbsp;&nbsp;&nbsp; 180967 |
| Bloomberg Commodity <br> Index/BCOM<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Royal Bank of <br> Canada<br>| &nbsp;&nbsp;&nbsp; 12794000 | (0.14) | At Expiration | &nbsp;&nbsp;&nbsp; 27729 |
| Bloomberg Commodity <br> Index/BCOM<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Macquarie <br> Bank Ltd.<br>| &nbsp;&nbsp;&nbsp; 46324000 | (0.12) | At Expiration | &nbsp;&nbsp;&nbsp; 100881 |
| Bloomberg Commodity <br> Index/BCOM<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Barclays Bank <br> PLC<br>| &nbsp;&nbsp;&nbsp; 55589000 | (0.11) | At Expiration | &nbsp;&nbsp;&nbsp; 121347 |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive**<br> **Return of the**<br> **Reference Index**<br>| &nbsp;&nbsp; **Expiration**<br> **Date**<br>| **Counterparty** | &nbsp;&nbsp; **Notional**<br> **Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Fixed Fee**<br> **Received/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Paid) by**<br> **the Fund**<br>| **Frequency** | **Value ($)†** |
| Bloomberg Commodity <br> Index/BCOM<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Morgan <br> Stanley<br>| &nbsp;&nbsp;&nbsp; 31324000 | (0.12) | At Expiration | &nbsp;&nbsp;&nbsp; 68215 |
| Bloomberg Commodity <br> Index/BCOM<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; JPMorgan <br> Chase <br> Securities, Inc.<br>| &nbsp;&nbsp;&nbsp; 106772000 | (0.09) | At Expiration | &nbsp;&nbsp;&nbsp; 234188 |
| Bloomberg Commodity Softs <br> Index/BCOMSO<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; JPMorgan <br> Chase <br> Securities, Inc.<br>| &nbsp;&nbsp;&nbsp; 19116000 | (0.13) | At Expiration | &nbsp;&nbsp;&nbsp; 1082461 |
| BNP Paribas Commodity <br> C100 Index/BCKTC100<br>| 4/16/2026 | BNP Paribas | &nbsp;&nbsp;&nbsp; 133549000 | (0.14) | At Expiration | &nbsp;&nbsp;&nbsp; (515286)<br>|
| Citi Commodities Gold Call <br> Ratio Index/CICXGCCR<br>| 4/16/2026 | Citigroup, Inc. | &nbsp;&nbsp;&nbsp; 36770000 | - | At Expiration | &nbsp;&nbsp;&nbsp; 331618 |
| Citi Custom CiVICS 7 <br> Excess Return/CVICSER7<br>| 4/16/2026 | Citigroup, Inc. | &nbsp;&nbsp;&nbsp; 304824000 | (0.176) | At Expiration | &nbsp;&nbsp;&nbsp; 2284709 |
| Goldman Sachs Brent Vol <br> Carry 05/GSVLBR05<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Goldman <br> Sachs & Co.<br>| &nbsp;&nbsp;&nbsp; 8000000 | (0.35) | At Expiration | &nbsp;&nbsp;&nbsp; 123072 |
| Goldman Sachs Commodity <br> COT Strategy <br> 1230/ABGS1230<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Goldman <br> Sachs & Co.<br>| &nbsp;&nbsp;&nbsp; 358503000 | (0.152) | At Expiration | &nbsp;&nbsp;&nbsp; (2565700)<br>|
| Goldman Sachs Gold <br> Intraday Seasonality <br> Dynamic Series 1 Excess <br> Return Strategy/GSISGID1<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Goldman <br> Sachs & Co.<br>| &nbsp;&nbsp;&nbsp; 27330000 | (0.35) | At Expiration | &nbsp;&nbsp;&nbsp; (465033)<br>|
| JPMorgan JMAB296E <br> Basket/JMAB296E<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; JPMorgan <br> Chase <br> Securities, Inc.<br>| &nbsp;&nbsp;&nbsp; 317450000 | - | At Expiration | &nbsp;&nbsp;&nbsp; (10955006)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| Index Description | Ticker | &nbsp;&nbsp; Notional <br>Amount ($)<br>| &nbsp;&nbsp; Index Weight <br>(%)<br>| Value ($) |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Neo Pairs <br> Multifactor Index<br>| JMABNPM2 | 32660000 | &nbsp;&nbsp;&nbsp;&nbsp;10.3 | (536223) |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Commodity <br> Curve Skewness Notional-<br> Matched Index<br>| JMABSKNS | 73930000 | &nbsp;&nbsp;&nbsp;&nbsp;23.3 | (2775082) |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Liquid <br> Commodity Curve Value <br> Long Only Index<br>| JMABCCVL | 45810000 | &nbsp;&nbsp;&nbsp;&nbsp;14.4 | (2132283) |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Commodity <br> Curve Advantage Index<br>| JMABAC6V | 20550000 | &nbsp;&nbsp;&nbsp;&nbsp;6.5 | (745730) |
| &nbsp;&nbsp;&nbsp; J.P. Morgan Neo Pairs <br> Multifactor Index<br>| JMABSKCB | 13800000 | &nbsp;&nbsp;&nbsp;&nbsp;4.3 | (601131) |
| &nbsp;&nbsp;&nbsp; Bloomberg Commodity <br> Index 2-4-6 Forward Blend<br>| BCOMF246 | 37059000 | &nbsp;&nbsp;&nbsp;&nbsp;11.7 | (773195) |
| &nbsp;&nbsp;&nbsp; Bloomberg Commodity <br> Index 3 Month Forward<br>| BCOMF3 | 9265000 | &nbsp;&nbsp;&nbsp;&nbsp;2.9 | (202250) |
| &nbsp;&nbsp;&nbsp; Bloomberg Precious Metals <br> Subindex<br>| BCOMPR | 51443000 | &nbsp;&nbsp;&nbsp;&nbsp;16.2 | (4209626) |
| &nbsp;&nbsp;&nbsp; Bloomberg Livestock <br> Subindex<br>| BCOMLI | 32933000 | &nbsp;&nbsp;&nbsp;&nbsp;10.4 | 1020514 |
| **JPMorgan JMAB296E Basket/JMAB296E** | **JPMorgan JMAB296E Basket/JMAB296E** | **JPMorgan JMAB296E Basket/JMAB296E** | **JPMorgan JMAB296E Basket/JMAB296E** | **(10955006)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive** <br>**Return of the** <br>**Reference Index**<br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Counterparty** | &nbsp;&nbsp; **Notional** <br>**Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Fixed Fee** <br>**Received/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Paid) by** <br>**the Fund**<br>| **Frequency** | **Value ($)†** |
| Macquarie Commodity <br> Product 708E/MQCP708E<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Macquarie <br> Bank Ltd.<br>| &nbsp;&nbsp;&nbsp; 55060000 | (1.00) | At Expiration | &nbsp;&nbsp;&nbsp; (1162526)<br>|
| Macquarie Vol Product <br> 2CL2/VMAC2CL2<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Macquarie <br> Bank Ltd.<br>| &nbsp;&nbsp;&nbsp; 8000000 | (0.10) | At Expiration | &nbsp;&nbsp;&nbsp; 529467 |
| Morgan Stanley MSCBDF11 <br> Index/MSCBDF11<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Morgan <br> Stanley<br>| &nbsp;&nbsp;&nbsp; 3000000 | (0.414) | At Expiration | &nbsp;&nbsp;&nbsp; 0 |
| Morgan Stanley MSCBVB20 <br> Index/MSCBVB20 <br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Morgan <br> Stanley<br>| &nbsp;&nbsp;&nbsp; 12690000 | (0.45) | At Expiration | &nbsp;&nbsp;&nbsp; (185034)<br>|
| RBC Enhanced Commodity <br> SCI101 Index/RBCSCI01<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Royal Bank of <br> Canada<br>| &nbsp;&nbsp;&nbsp; 12990000 | (0.15) | At Expiration | &nbsp;&nbsp;&nbsp; (1708075)<br>|
| SGI WTI Intraday Trend <br> Reversal Index/SGITRWTI<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Societe <br> Generale<br>| &nbsp;&nbsp;&nbsp; 25300000 | (0.30) | At Expiration | &nbsp;&nbsp;&nbsp; (424786)<br>|
| SGI WTI Intraday Trend <br> Reversal Index/SGMDDW01<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Societe <br> Generale<br>| &nbsp;&nbsp;&nbsp; 174282000 | (0.122) | At Expiration | &nbsp;&nbsp;&nbsp; (235056)<br>|
| UBS Custom Commodity <br> Index/UBSIB163<br>| 4/16/2026 | UBS AG | &nbsp;&nbsp;&nbsp; 55752000 | (0.126) | At Expiration | &nbsp;&nbsp;&nbsp; 1626756 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| Index Description | Ticker | &nbsp;&nbsp;&nbsp; Notional <br>Amount ($)<br>| &nbsp;&nbsp; Index Weight <br>(%)<br>| Value ($) |
| UBS QIS Strategy | UBCSQABM | 39750000 | &nbsp;&nbsp;&nbsp;&nbsp;35.7 | (219896) |
| &nbsp;&nbsp;&nbsp; Bloomberg Commodity <br> Index 2-4-6 Forward Blend<br>| BCOM | 27794000 | &nbsp;&nbsp;&nbsp;&nbsp;24.9 | 55220 |
| &nbsp;&nbsp;&nbsp; MerQube Corn Rolling <br> Futures<br>| MQCMZC | 696000 | &nbsp;&nbsp;&nbsp;&nbsp;0.6 | (14218) |
| &nbsp;&nbsp;&nbsp; MerQube Gold Rolling <br> Futures<br>| MQCMGC | (13260000) | &nbsp;&nbsp;&nbsp;&nbsp;11.9 | 1092959 |
| &nbsp;&nbsp;&nbsp; MerQube SRW Wheat <br> Rolling Futures<br>| MQCMZW | 5247000 | &nbsp;&nbsp;&nbsp;&nbsp;4.7 | 20854 |
| &nbsp;&nbsp;&nbsp; MerQube Aluminium Rolling <br> Futures<br>| MQCMLA | (8721000) | &nbsp;&nbsp;&nbsp;&nbsp;7.8 | (132684) |
| &nbsp;&nbsp;&nbsp; MerQube ULS Diesel <br> Rolling Futures<br>| MQCMHO | 1299000 | &nbsp;&nbsp;&nbsp;&nbsp;1.2 | 134766 |
| &nbsp;&nbsp;&nbsp; MerQube WTI Crude Rolling <br> Futures<br>| MQCMCL | 14737000 | &nbsp;&nbsp;&nbsp;&nbsp;13.2 | 689755 |
| **UBS Custom Commodity Index/UBSIB163** | **UBS Custom Commodity Index/UBSIB163** | **UBS Custom Commodity Index/UBSIB163** | **UBS Custom Commodity Index/UBSIB163** | **1626756** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive** <br>**Return of the** <br>**Reference Index**<br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Counterparty** | &nbsp;&nbsp; **Notional** <br>**Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Fixed Fee** <br>**Received/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Paid) by** <br>**the Fund**<br>| **Frequency** | **Value ($)†** |
| UBS Custom Commodity <br> Index/UBSIB165<br>| 4/16/2026 | UBS AG | &nbsp;&nbsp;&nbsp; 14000000 | (0.144) | At Expiration | &nbsp;&nbsp;&nbsp; 0 |
| **Short Positions** |  |  |  |  |  |  |
| Bloomberg Commodity <br> Index/BCOM<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Goldman <br> Sachs & Co.<br>| &nbsp;&nbsp;&nbsp; 15000000 | - | At Expiration | &nbsp;&nbsp;&nbsp; (86831)<br>|
| Bloomberg Commodity <br> Industrial Metals <br> Index/BCOMIN<br>| 4/16/2026 | BNP Paribas | &nbsp;&nbsp;&nbsp; 9000000 | (0.03) | At Expiration | &nbsp;&nbsp;&nbsp; 81174 |
| Bloomberg Soybean Meal <br> Subindex/BCOMSM<br>| 4/16/2026 | &nbsp;&nbsp;&nbsp; Merrill Lynch <br> International <br> Ltd.<br>| &nbsp;&nbsp;&nbsp; 8500000 | (0.07) | At Expiration | &nbsp;&nbsp;&nbsp; 165635 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Total net unrealized depreciation** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **(12165073)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

*†* *There are no upfront payments on the commodity-linked swaps listed above, therefore unrealized appreciation (depreciation) is* *equal to their value.* 

***Currency Abbreviation(s)***

------

*USD* *United States Dollar*

***Investment in Subsidiary***

*The Fund may seek exposure to the commodities markets by investing a portion of its assets in a wholly owned subsidiary organized under the laws of the Cayman Islands (the "Subsidiary"). Among other investments, the Subsidiary may invest in commodity-linked derivative instruments such as swaps and futures contracts. The Subsidiary may also invest in debt securities, some of which are intended to serve as margin or collateral for the Subsidiary's derivative positions. As of March 31, 2026, the Fund held $209,010,410 in the Subsidiary, representing 22.5% of the Fund's total assets. The Fund's Investment Portfolio has been consolidated and includes the accounts of the Fund and the Subsidiary.*

***Fair Value Measurements***

*Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.*

*The following is a summary of the inputs used as of March 31, 2026 in valuing the Fund's investments.* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Corporate Bonds (a) | $— | &nbsp;&nbsp; $180451338 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $180451338 |
| Asset-Backed (a) |  | &nbsp;&nbsp; 126908930 | &nbsp;&nbsp; — | &nbsp;&nbsp; 126908930 |
| Commercial Mortgage-Backed Securities  |  | &nbsp;&nbsp; 35863673 | &nbsp;&nbsp; — | &nbsp;&nbsp; 35863673 |
| Collateralized Mortgage Obligations  |  | &nbsp;&nbsp; 16617368 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16617368 |
| Government & Agency Obligations (a) |  | &nbsp;&nbsp; 396654892 | &nbsp;&nbsp; 0 | &nbsp;&nbsp; 396654892 |
| Put Options Purchased  | 40000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 40000 |
| Short-Term Investments (a) | 131794613 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 131794613 |
| Derivatives (b) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts  | 5178191 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 5178191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commodity-Linked Swap Contracts  |  | &nbsp;&nbsp; 7316509 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7316509 |
| **Total** | **$137012804** | &nbsp;&nbsp; **$763812710** | &nbsp;&nbsp; **$0** | &nbsp;&nbsp; **$900825514** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Liabilities** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Derivatives (b) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts  | $(5294679)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(5294679)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written Options  | (18550)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (18550)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commodity-Linked Swap Contracts  |  | &nbsp;&nbsp; (19481582)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (19481582)<br>|
| **Total** | **$(5313229)**<br>| &nbsp;&nbsp; **$(19481582)**<br>| &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$(24794811)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *See Consolidated Investment Portfolio for additional detailed categorizations.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* *Derivatives include value of options purchased, unrealized appreciation (depreciation) on open futures contracts, commodity-* *linked swap contracts and written options, at value.* 

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.

DECSF-PH3

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** DEUTSCHE DWS SECURITIES TRUST

- **b. Investment Company Act file number:** 811-02021

- **c. CIK number of Registrant:** 0000088048

- **d. LEI of Registrant:** 7SL8QTS97H1HUY8AHM73

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

**Item A.2. Information about the Series.**

- **a. Name of Series:** DWS Enhanced Commodity Strategy Fund

- **b. EDGAR series identifier (if any):** S000032043

- **c. LEI of Series:** U72UPDOVVEAXSRWTZF97

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $918436905.82

**Total Liabilities:** $25257761.41

**Net Assets:** $893179144.41

**Amount of Assets Invested in Other Investment Companies:** $209007058.76

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -4684.74000000 | **1-Year:** -30761.12000000 | **5-Year:** -35486.31000000 | **10-Year:** -4394.27000000 | **30-Year:** -646.97000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -127.02000000 | **1-Year:** -1460.13000000 | **5-Year:** -641.10000000 | **10-Year:** -1.40000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000099774 | 9.90%                | 1.07%                | 6.64%                |
| Class ID C000099775 | 9.90%                | 1.09%                | 6.54%                |
| Class ID C000099777 | 9.85%                | 0.88%                | 6.57%                |
| Class ID C000099779 | 9.93%                | 0.92%                | 6.66%                |
| Class ID C000172345 | 9.92%                | 1.07%                | 6.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $213631.08               | $158007.55                                 |
| Month 2  | $34437.73                | $-469903.77                                |
| Month 3  | $3743.64                 | $-3324145.48                               |

**Designated Index Information**

- **Index Name:** Bloomberg Commodity Index Total Return

- **Index Identifier:** DJUBSCOM

### Schedule of Portfolio Investments

| Name                                             | Title                                                                                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AB BSL CLO Ltd                                   | AB BSL CLO 4 Ltd                                                                                                           | CUSIP: 00037VAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1000500.00   | 0.11%             | 2038-04-20      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| AGCO CORP                                        | AGCO Corp                                                                                                                  | CUSIP: 001084AR3<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1278651.04   | 0.14%             | 2027-03-21      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                     | AGL CLO 44 Ltd                                                                                                             | CUSIP: 00121RAE4<br>LEI: 254900WK97J0UDI0DQ10 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $743495.25    | 0.08%             | 2037-10-22      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                                  | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   2110000 | PA      | $2086758.01   | 0.23%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                                  | CUSIP: 00774MBL8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1121000 | PA      | $1118785.89   | 0.13%             | 2029-09-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                     | AGL CLO 42 Ltd                                                                                                             | CUSIP: 00791YAA6<br>LEI: 254900AMSJHVKQ5QFA09 | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1600320.00   | 0.18%             | 2038-07-22      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Aimco                                            | Aimco CLO 20 Ltd                                                                                                           | CUSIP: 00901QAS1<br>LEI: 2549009AFNTQKXTAWE65 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $999640.00    | 0.11%             | 2038-10-16      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                    | Aircastle Ltd                                                                                                              | CUSIP: 00928QAX9<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   1700000 | PA      | $1762487.85   | 0.20%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                                  | Allegro CLO XIII Ltd                                                                                                       | CUSIP: 01750WAS8<br>LEI: 254900E6QZJ305P65V74 | Long             | ABS-CBDO         | CORP              | KY        |   1285000 | PA      | $1280385.57   | 0.14%             | 2038-07-20      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes               | Ally Bank Auto Credit-Linked Notes Series 2025-A                                                                           | CUSIP: 02007G5F6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1476878 | PA      | $1481259.75   | 0.17%             | 2033-06-15      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                      | Cencora Inc                                                                                                                | CUSIP: 03073EBB0<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |   2446000 | PA      | $2401302.65   | 0.27%             | 2030-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                       | Apidos CLO XXXIX Ltd                                                                                                       | CUSIP: 03766HAU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $997989.00    | 0.11%             | 2038-10-21      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                       | Apidos Clo LIV                                                                                                             | CUSIP: 03771RAE1<br>LEI: 254900SXYQWBYZA9L226 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999970.00    | 0.11%             | 2038-10-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                     | Ares LXXVII CLO Ltd                                                                                                        | CUSIP: 03990KAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1493571.00   | 0.17%             | 2038-07-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                | Ares Capital Corp                                                                                                          | CUSIP: 04010LBE2<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   3040000 | PA      | $3081045.14   | 0.34%             | 2027-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                     | ARES LX CLO LTD                                                                                                            | CUSIP: 04018FAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1991590.00   | 0.22%             | 2034-07-18      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                            | ARI Fleet Lease Trust 2026-A                                                                                               | CUSIP: 04033DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $996617.00    | 0.11%             | 2034-11-15      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                     | AutoZone Inc                                                                                                               | CUSIP: 053332BC5<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |   2610000 | PA      | $2615062.38   | 0.29%             | 2028-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                         | Avolon Holdings Funding Ltd                                                                                                | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2670000 | PA      | $2748244.59   | 0.31%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                                    | BGC Group Inc                                                                                                              | CUSIP: 05555LAB7<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2166633.44   | 0.24%             | 2029-06-10      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                                   | Barings CLO Ltd 2015-I                                                                                                     | CUSIP: 056162AQ3<br>LEI: 549300QR3VQZ1T0JUI29 | Long             | ABS-CBDO         | CORP              | KY        |    719168 | PA      | $719187.84    | 0.08%             | 2031-01-20      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2025-ARIA                                                                                                         | CUSIP: 05619TAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $400294.80    | 0.04%             | 2042-12-13      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Trust 2025-ARIA                                                                                                         | CUSIP: 05619TAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1594049.12   | 0.18%             | 2042-12-13      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                 | Bain Capital Credit CLO 2021-4 Ltd                                                                                         | CUSIP: 05685ABA5<br>LEI: 254900YJBP8866ZPO033 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1995964.00   | 0.22%             | 2034-10-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Balboa Bay Loan Funding Ltd                      | Balboa Bay Loan Funding 2024-1 Ltd                                                                                         | CUSIP: 05766NAA0<br>LEI: 254900ZDWC7EDY07BS61 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $750192.00    | 0.08%             | 2037-07-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                    | Ballyrock CLO 14 Ltd                                                                                                       | CUSIP: 05874XAL3<br>LEI: 254900GXTF670X967J67 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000610.00   | 0.22%             | 2037-07-20      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                               | Banco Santander SA                                                                                                         | CUSIP: 05964HAU9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   4000000 | PA      | $4097292.04   | 0.46%             | 2028-08-08      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                              | Bank of Nova Scotia/The                                                                                                    | CUSIP: 06418JAA9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5037896.50   | 0.56%             | 2026-12-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Bank                                             | BANK 2019-BNK24                                                                                                            | CUSIP: 06540VBB0<br>LEI: 549300664283JRAXM588 | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3299227.05   | 0.37%             | 2062-11-15      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| Bank5                                            | BANK5 2026-5YR20                                                                                                           | CUSIP: 06650JAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2028936.60   | 0.23%             | 2059-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                     | Barclays PLC                                                                                                               | CUSIP: 06738ECT0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1018000 | PA      | $1021916.26   | 0.11%             | 2028-09-10      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Barclays Mortgage Loan Trust                     | Barclays Mortgage Loan Trust 2021-NQM1                                                                                     | CUSIP: 06744UAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    807767 | PA      | $743274.58    | 0.08%             | 2051-09-25      | Variable      | 1.98%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                          | Bayer US Finance II LLC                                                                                                    | CUSIP: 07274NAL7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1484953.25   | 0.17%             | 2028-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                         | Benchmark 2026-V20 Mortgage Trust                                                                                          | CUSIP: 08164KAW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1526768.25   | 0.17%             | 2059-02-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                           | Blackstone Private Credit Fund                                                                                             | CUSIP: 09261HBC0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1530696.06   | 0.17%             | 2028-11-27      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                             | BlueMountain Fuji US Clo II Ltd                                                                                            | CUSIP: 09629EAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3293868 | PA      | $3293508.86   | 0.37%             | 2030-10-20      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| BORGWARNER INC                                   | BorgWarner Inc                                                                                                             | CUSIP: 099724AP1<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |   1680000 | PA      | $1699321.53   | 0.19%             | 2029-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom Inc                                                                                                               | CUSIP: 11135FBZ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    534000 | PA      | $539476.38    | 0.06%             | 2027-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Commercial Mortgage Trust 2026-CSMO                                                                                     | CUSIP: 12433LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3499983.20   | 0.39%             | 2043-02-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BXP Trust 2017-CQHP                                                                                                        | CUSIP: 12433QAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    502736 | PA      | $486938.53    | 0.05%             | 2034-11-15      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Centragas                                        | CENT 2025-CITY                                                                                                             | CUSIP: 12517TAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2517928.50   | 0.28%             | 2040-07-10      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                 | CIFC Funding 2025-IV Ltd                                                                                                   | CUSIP: 12575MAC5<br>LEI: 2549005S1LQJ8MBPXW05 | Long             | ABS-CBDO         | CORP              | KY        |    950000 | PA      | $950194.75    | 0.11%             | 2038-10-24      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                              | COMM 2013-CCRE6 Mortgage Trust                                                                                             | CUSIP: 12624XAP3<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |   1482296 | PA      | $1468706.48   | 0.16%             | 2046-03-10      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                  | CSAIL 2016-C6 Commercial Mortgage Trust                                                                                    | CUSIP: 12636MAJ7<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $996944.00    | 0.11%             | 2049-01-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT 2021-2R Mortgage Loan Trust                                                                                           | CUSIP: 12656YAA5<br>LEI: 2138001HZNOLT1K3WY73 | Long             | ABS-MBS          | CORP              | US        |    140102 | PA      | $126864.84    | 0.01%             | 2054-07-27      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                   | CPS Auto Receivables Trust 2021-D                                                                                          | CUSIP: 12658VAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    835537 | PA      | $834872.44    | 0.09%             | 2028-12-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| CAMPBELLS COMPANY/THE                            | Campbell's Company/The                                                                                                     | CUSIP: 134429BM0<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1065698.97   | 0.12%             | 2027-03-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                         | Capital One Financial Corp                                                                                                 | CUSIP: 14040HDB8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1940000 | PA      | $1966531.21   | 0.22%             | 2027-10-29      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trust                  | CarMax Select Receivables Trust 2026-A                                                                                     | CUSIP: 142929AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1370000 | PA      | $1357933.86   | 0.15%             | 2032-05-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trust                  | CarMax Select Receivables Trust 2026-A                                                                                     | CUSIP: 142929AF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1520000 | PA      | $1509742.58   | 0.17%             | 2032-05-17      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                 | Carlyle Global Market Strategies CLO 2016-3 Ltd                                                                            | CUSIP: 14311UBA5<br>LEI: 5493000C19IMTVUCMB96 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1995592.00   | 0.22%             | 2034-07-20      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                   | Carvana Auto Receivables Trust 2022-P3                                                                                     | CUSIP: 14686MAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1357717.95   | 0.15%             | 2028-10-10      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                   | Carvana Auto Receivables Trust 2021-N1                                                                                     | CUSIP: 14687DAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    453031 | PA      | $451893.34    | 0.05%             | 2028-01-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| DWS                                              | DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares                                      | CUSIP: 147539670<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3719571 | NS      | $3719571.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Chase Auto Owner Trust                           | Chase Auto Owner Trust 2022-A                                                                                              | CUSIP: 16144JAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1040000 | PA      | $1042881.42   | 0.12%             | 2028-07-25      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                           | Chase Auto Owner Trust 2025-2                                                                                              | CUSIP: 16144MAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $744359.63    | 0.08%             | 2031-03-25      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT 2021-2 Mortgage Loan Trust                                                                                            | CUSIP: 19685WAC5<br>LEI: 2138001HZNOLT1K3WY73 | Long             | ABS-MBS          | CORP              | US        |   1412754 | PA      | $1204001.72   | 0.13%             | 2066-08-25      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT Funding LLC                                                                                                           | CUSIP: 19688DAC4<br>LEI: 21380069FFOP8RZNF423 | Long             | ABS-MBS          | CORP              | US        |    132182 | PA      | $122882.34    | 0.01%             | 2064-12-25      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT 2021-1 Mortgage Loan Trust                                                                                            | CUSIP: 19688EAB4<br>LEI: 2138001HZNOLT1K3WY73 | Long             | ABS-MBS          | CORP              | US        |    392093 | PA      | $342060.88    | 0.04%             | 2066-06-25      | Variable      | 1.17%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT 2021-HX1 Mortgage Loan Trust                                                                                          | CUSIP: 19688KAB0<br>LEI: 2138001HZNOLT1K3WY73 | Long             | ABS-MBS          | CORP              | US        |   1024132 | PA      | $889234.62    | 0.10%             | 2066-10-25      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                         | Columbia Pipelines Holding Co LLC                                                                                          | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    770000 | PA      | $773496.69    | 0.09%             | 2026-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer III, LLC              | Compass Datacenters Issuer III LLC                                                                                         | CUSIP: 20469BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    840000 | PA      | $831746.24    | 0.09%             | 2050-07-25      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                                  | Concentrix Corp                                                                                                            | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    550000 | PA      | $552422.01    | 0.06%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                                  | Concentrix Corp                                                                                                            | CUSIP: 20602DAB7<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3975558.36   | 0.45%             | 2028-08-02      | Fixed         | 6.60%                 | No            |                  2 | On Loan: —       |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                   | CUSIP: 20753YCK6<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    250000 | PA      | $253428.08    | 0.03%             | 2042-03-25      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                   | CUSIP: 20754AAB9<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    495007 | PA      | $495763.98    | 0.06%             | 2041-12-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                               | Credit Agricole SA                                                                                                         | CUSIP: 22535WAL1<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2500000 | PA      | $2499275.78   | 0.28%             | 2028-09-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Crossroads Asset Trust                           | Crossroads Asset Trust 2025-A                                                                                              | CUSIP: 22767VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1064946 | PA      | $1070276.75   | 0.12%             | 2032-02-20      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                 | Crown Castle Inc                                                                                                           | CUSIP: 22822VBF7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   1188000 | PA      | $1194598.20   | 0.13%             | 2029-09-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                            | DB Master Finance LLC                                                                                                      | CUSIP: 233046AU5<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   1097250 | PA      | $1086796.17   | 0.12%             | 2055-08-20      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                    | DTE Energy Co                                                                                                              | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   1219000 | PA      | $1226884.26   | 0.14%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DXC TECHNOLOGY CO                                | DXC Technology Co                                                                                                          | CUSIP: 23355LAL0<br>LEI: 549300DOVZ3EDJB7O259 | Long             | DBT              | CORP              | US        |   2580000 | PA      | $2548057.33   | 0.29%             | 2026-09-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                           | Daimler Truck Finance North America LLC                                                                                    | CUSIP: 233853AF7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1576383.90   | 0.18%             | 2026-12-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                           | Diamondback Energy Inc                                                                                                     | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1683146.22   | 0.19%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LLC                  | Domino's Pizza Master Issuer LLC                                                                                           | CUSIP: 25755TAR1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1091000 | PA      | $1084630.20   | 0.12%             | 2055-07-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                          | Dryden 53 CLO Ltd                                                                                                          | CUSIP: 26243EAP6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1067086 | PA      | $1067476.80   | 0.12%             | 2031-01-15      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                          | Dryden 68 CLO Ltd                                                                                                          | CUSIP: 26252QAS1<br>LEI: 254900MX6QAMC9XBAB53 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1399307.00   | 0.16%             | 2035-07-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                          | Dryden 104 CLO Ltd                                                                                                         | CUSIP: 26253BAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2775000 | PA      | $2767976.48   | 0.31%             | 2034-08-20      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| ELARA HGV TIMESHARE ISSUER                       | Elara HGV Timeshare Issuer 2023-A LLC                                                                                      | CUSIP: 28415AAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225252 | PA      | $231819.80    | 0.03%             | 2038-02-25      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO VIII Ltd                             | Elmwood CLO VIII Ltd                                                                                                       | CUSIP: 29003EAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3996608.00   | 0.45%             | 2037-04-20      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Empower CLO Ltd.                                 | Empower CLO 2023-1 Ltd                                                                                                     | CUSIP: 29244CAJ7<br>LEI: 213800DM8ZNUIQ1JCN40 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3010908.00   | 0.34%             | 2038-04-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                             | ENEL Finance International NV                                                                                              | CUSIP: 29278GBD9<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   5000000 | PA      | $5070906.80   | 0.57%             | 2029-06-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ESSENT GROUP LTD                                 | Essent Group Ltd                                                                                                           | CUSIP: 29669JAA7<br>LEI: 254900QUO860OUT6ZF83 | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $6206550.60   | 0.69%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                      | Evergreen Credit Card Trust                                                                                                | CUSIP: 30023JDB1<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |   1500000 | PA      | $1491357.45   | 0.17%             | 2029-10-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                | Eversource Energy                                                                                                          | CUSIP: 30040WAY4<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1454266.77   | 0.16%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust              | Exeter Automobile Receivables Trust 2021-4                                                                                 | CUSIP: 30165JAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1245534.50   | 0.14%             | 2028-01-17      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust              | Exeter Automobile Receivables Trust                                                                                        | CUSIP: 30166XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375000 | PA      | $377173.50    | 0.04%             | 2030-02-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust              | Exeter Automobile Receivables Trust                                                                                        | CUSIP: 30166XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    472000 | PA      | $474582.97    | 0.05%             | 2031-10-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates                                                               | CUSIP: 3137BSP98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  20828614 | PA      | $22982.29     | 0.00%             | 2026-08-25      | Variable      | 0.89%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust               | Ellington Financial Mortgage Trust 2021-3                                                                                  | CUSIP: 31573JAB6<br>LEI: 254900UDLJF220C8I638 | Long             | ABS-MBS          | CORP              | US        |   1815969 | PA      | $1514610.42   | 0.17%             | 2066-09-25      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                         | Ford Motor Credit Co LLC                                                                                                   | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1314690.50   | 0.15%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                         | Ford Motor Credit Co LLC                                                                                                   | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1457996.76   | 0.16%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                         | Ford Motor Credit Co LLC                                                                                                   | CUSIP: 345397E74<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3525783.63   | 0.39%             | 2027-05-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2021-DNA7                                                                                    | CUSIP: 35564KMH9<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | USGSE             | US        |   1200000 | PA      | $1202986.08   | 0.13%             | 2041-11-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| GCAT                                             | GCAT 2021-NQM2 Trust                                                                                                       | CUSIP: 36166XAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    498151 | PA      | $436774.94    | 0.05%             | 2066-05-25      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust              | GS Mortgage-Backed Securities Trust 2020-NQM1                                                                              | CUSIP: 36259WAB7<br>LEI: 25490038RWR4AJZ5B524 | Long             | ABS-MBS          | CORP              | US        |     51277 | PA      | $48741.45     | 0.01%             | 2060-09-27      | Variable      | 1.79%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                       | GLS Auto Receivables Issuer Trust 2026-1                                                                                   | CUSIP: 36274AAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2497663.25   | 0.28%             | 2028-11-15      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                       | GLS Auto Receivables Issuer Trust 2026-1                                                                                   | CUSIP: 36274AAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1489355.25   | 0.17%             | 2030-08-17      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                   | Galaxy 32 CLO Ltd                                                                                                          | CUSIP: 362943AL6<br>LEI: 391200J1K1EF617W8568 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1495999.50   | 0.17%             | 2039-01-20      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                           | General Motors Financial Co Inc                                                                                            | CUSIP: 37045XEZ5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2174000 | PA      | $2184831.26   | 0.24%             | 2029-10-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                              | Global Payments Inc                                                                                                        | CUSIP: 37940XAP7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    920000 | PA      | $921703.84    | 0.10%             | 2027-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BDC INC                            | Goldman Sachs BDC Inc                                                                                                      | CUSIP: 38147UAG2<br>LEI: 6D01AGSGBNZIJSN77043 | Long             | DBT              | CORP              | US        |   1179000 | PA      | $1145120.63   | 0.13%             | 2029-01-28      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| HCA INC                                          | HCA Inc                                                                                                                    | CUSIP: 404119BU2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000002.04   | 0.22%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HEICO CORP                                       | HEICO Corp                                                                                                                 | CUSIP: 422806AA7<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |   2970000 | PA      | $3027227.45   | 0.34%             | 2028-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HELMERICH & PAYNE INC                            | Helmerich & Payne Inc                                                                                                      | CUSIP: 423452AL5<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000986.72   | 0.11%             | 2027-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HELMERICH & PAYNE INC                            | Helmerich & Payne Inc                                                                                                      | CUSIP: 423452AM3<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2499803.40   | 0.28%             | 2029-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                 | Hewlett Packard Enterprise Co                                                                                              | CUSIP: 42824CBR9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1377000 | PA      | $1378127.34   | 0.15%             | 2026-09-25      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                            | HPEFS Equipment Trust 2025-2                                                                                               | CUSIP: 442927AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $695746.03    | 0.08%             | 2032-11-22      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                     | Huntington Bank Auto Credit-Linked Notes Series 2025-2                                                                     | CUSIP: 44644NAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2401040 | PA      | $2405125.57   | 0.27%             | 2033-09-20      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                     | Huntington Bank Auto Credit-Linked Notes Series 2026-1                                                                     | CUSIP: 44644NAV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3982457.60   | 0.45%             | 2034-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L                         | Huntsman International LLC                                                                                                 | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1870218.14   | 0.21%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                          | Hyundai Capital America                                                                                                    | CUSIP: 44891ACM7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4024557.44   | 0.45%             | 2026-09-21      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                          | Hyundai Capital America                                                                                                    | CUSIP: 44891ADB0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4033799.76   | 0.45%             | 2027-06-24      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC                         | Icon Investments Six DAC                                                                                                   | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   4170000 | PA      | $4191113.88   | 0.47%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Pass-through Certificates    | ILPT Commercial Mortgage Trust 2025-LPF2                                                                                   | CUSIP: 451955AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1000696.70   | 0.11%             | 2042-07-13      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                | Imperial Fund Mortgage Trust 2021-NQM2                                                                                     | CUSIP: 452761AB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    988082 | PA      | $848186.88    | 0.09%             | 2056-09-25      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                | Imperial Fund Mortgage Trust 2021-NQM1                                                                                     | CUSIP: 452764AB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    812314 | PA      | $725239.92    | 0.08%             | 2056-06-25      | Variable      | 1.21%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | JPMCC Commercial Mortgage Securities Trust 2019-COR5                                                                       | CUSIP: 46591EAS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3844110.40   | 0.43%             | 2052-06-13      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation               | JPMorgan Chase Bank NA - CHASE                                                                                             | CUSIP: 46591HAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1008431 | PA      | $1032609.34   | 0.12%             | 2057-10-25      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust       | JPMDB Commercial Mortgage Securities Trust 2016-C4                                                                         | CUSIP: 46646RAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $956569.20    | 0.11%             | 2049-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-PHH                                                            | CUSIP: 46650FAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4380267 | PA      | $2847261.30   | 0.32%             | 2035-06-15      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                         | JP Morgan Mortgage Trust 2020-LTV2                                                                                         | CUSIP: 46653LAJ5<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    591299 | PA      | $535116.06    | 0.06%             | 2050-11-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                         | JP Morgan Mortgage Trust 2022-3                                                                                            | CUSIP: 46654UAV7<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |   1515254 | PA      | $1440976.06   | 0.16%             | 2052-08-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                         | Jackson National Life Global Funding                                                                                       | CUSIP: 46849LVA6<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1438051.97   | 0.16%             | 2027-07-02      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                          | Jefferies Financial Group Inc                                                                                              | CUSIP: 47233WBM0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $2103403.19   | 0.24%             | 2028-07-21      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Jersey Mikes Funding LLC                         | Jersey Mike's Funding                                                                                                      | CUSIP: 476681AE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1691500 | PA      | $1716733.97   | 0.19%             | 2055-08-16      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                            | KKR CLO 45a Ltd                                                                                                            | CUSIP: 48190AAN6<br>LEI: 2549008R44IN2IU2DG62 | Long             | ABS-CBDO         | CORP              | KY        |   1333000 | PA      | $1333182.62   | 0.15%             | 2038-07-15      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| KFC HLD/PIZZA HUT/TACO                           | KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC                                                             | CUSIP: 48250NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    540000 | PA      | $539058.51    | 0.06%             | 2027-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KEYBANK NATIONAL ASSN                            | Keybank National Association                                                                                               | CUSIP: 49327V2A1<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3994058.12   | 0.45%             | 2026-05-20      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                             | Kyndryl Holdings Inc                                                                                                       | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3443195.91   | 0.39%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: —       |
| LAS VEGAS SANDS CORP                             | Las Vegas Sands Corp                                                                                                       | CUSIP: 517834AJ6<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1519496.85   | 0.17%             | 2027-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                         | Lloyds Banking Group PLC                                                                                                   | CUSIP: 539439AY5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1140000 | PA      | $1145441.12   | 0.13%             | 2027-08-07      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                       | MFA 2021-INV1 Trust                                                                                                        | CUSIP: 552747AC1<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |     40592 | PA      | $39498.07     | 0.00%             | 2056-01-25      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                       | MFA 2021-NQM2 Trust                                                                                                        | CUSIP: 55283WAB7<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |    346506 | PA      | $308777.27    | 0.03%             | 2064-11-25      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                       | MFA 2021-NQM2 Trust                                                                                                        | CUSIP: 55283WAC5<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |    280734 | PA      | $250655.19    | 0.03%             | 2064-11-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW 2025-2 LLC                                                                                                             | CUSIP: 55389RAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    837593 | PA      | $825078.14    | 0.09%             | 2044-10-20      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW 2021-1W LLC                                                                                                            | CUSIP: 55389TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75862 | PA      | $73337.24     | 0.01%             | 2041-01-22      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW 2019-2 LLC                                                                                                             | CUSIP: 55400DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    153169 | PA      | $152943.51    | 0.02%             | 2038-10-20      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                                   | MVW 2020-1 LLC                                                                                                             | CUSIP: 55400EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57972 | PA      | $57395.08     | 0.01%             | 2037-10-20      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                                   | MVW 2020-1 LLC                                                                                                             | CUSIP: 55400EAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57972 | PA      | $57524.95     | 0.01%             | 2037-10-20      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                              | Macquarie Group Ltd                                                                                                        | CUSIP: 55607PAE5<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |   6000000 | PA      | $6009414.42   | 0.67%             | 2027-09-23      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                               | Macquarie Bank Ltd                                                                                                         | CUSIP: 55608PBQ6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   1950000 | PA      | $1965532.96   | 0.22%             | 2026-12-07      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Manhattan West                                   | Manhattan West 2020-1MW Mortgage Trust                                                                                     | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1445367.75   | 0.16%             | 2039-09-10      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                           | Marriott International Inc/MD                                                                                              | CUSIP: 571903BM4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    560000 | PA      | $562190.05    | 0.06%             | 2026-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                           | Marriott International Inc/MD                                                                                              | CUSIP: 571903BP7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   1960000 | PA      | $1982254.19   | 0.22%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MetroNet Infrastructure Issuer LLC               | MetroNet Infrastructure Issuer LLC                                                                                         | CUSIP: 59170JBK3<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $750328.35    | 0.08%             | 2056-04-20      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                         | Microchip Technology Inc                                                                                                   | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1349310.87   | 0.15%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust            | Mission Lane Credit Card Master Trust                                                                                      | CUSIP: 60510MBV9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1755644.80   | 0.20%             | 2031-09-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust            | Mission Lane Credit Card Master Trust                                                                                      | CUSIP: 60510MBW7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002892.70   | 0.11%             | 2031-09-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                                        | Mosaic Co/The                                                                                                              | CUSIP: 61945CAH6<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |   2480000 | PA      | $2533410.40   | 0.28%             | 2028-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                           | Mosaic Solar Loan Trust 2020-1                                                                                             | CUSIP: 61946NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    763290 | PA      | $672997.00    | 0.08%             | 2046-04-20      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                           | NXP BV / NXP Funding LLC / NXP USA Inc                                                                                     | CUSIP: 62954HBE7<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | XX        |   1370000 | PA      | $1369465.66   | 0.15%             | 2027-06-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                | NatWest Group PLC                                                                                                          | CUSIP: 639057AL2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1280000 | PA      | $1292646.54   | 0.14%             | 2028-03-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                              | NatWest Markets PLC                                                                                                        | CUSIP: 63906YAH1<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   2090000 | PA      | $2116290.17   | 0.24%             | 2027-05-17      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                         | Neuberger Berman Loan Advisers CLO 45 Ltd                                                                                  | CUSIP: 64134MAJ5<br>LEI: 549300BQ0WQMX5H5TS32 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1996792.00   | 0.22%             | 2036-10-14      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes           | NRZ Excess Spread-Collateralized Notes                                                                                     | CUSIP: 65246QAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    673266 | PA      | $664130.73    | 0.07%             | 2026-11-25      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                          | Nissan Motor Acceptance Co LLC                                                                                             | CUSIP: 65480CAE5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    740000 | PA      | $743646.09    | 0.08%             | 2026-09-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Continental Credit Card llc                      | Continental Finance Credit Card ABS Master Trust                                                                           | CUSIP: 66981PAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    293549 | PA      | $293866.58    | 0.03%             | 2030-10-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| OCCU Auto Receivables Trust                      | OCCU Auto Receivables Trust 2025-1                                                                                         | CUSIP: 67098SAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1015334 | PA      | $1017195.86   | 0.11%             | 2028-04-17      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                      | OCP CLO Ltd                                                                                                                | CUSIP: 671026BC5<br>LEI: 25490028U8Y2XMZWXO46 | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1092230.70   | 0.12%             | 2039-01-17      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC                          | O'Reilly Automotive Inc                                                                                                    | CUSIP: 67103HAM9<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |   2420000 | PA      | $2440153.76   | 0.27%             | 2026-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                  | Oaktree CLO 2022-1 Ltd                                                                                                     | CUSIP: 67402LAN6<br>LEI: 254900U83NJDV6PRP726 | Long             | ABS-CBDO         | CORP              | KY        |   1333000 | PA      | $1334366.33   | 0.15%             | 2038-07-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                      | OCP CLO 2024-32 Ltd                                                                                                        | CUSIP: 67570CAA0<br>LEI: 2138008SMV573POQTV86 | Long             | ABS-CBDO         | CORP              | JE        |   1250000 | PA      | $1250117.50   | 0.14%             | 2037-04-23      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| One New York Plaza Trust 2020-1NYP               | One New York Plaza Trust 2020-1NYP                                                                                         | CUSIP: 68249DAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2378000 | PA      | $2241265.00   | 0.25%             | 2036-01-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivables Trust            | Onemain Direct Auto Receivables Trust 2022-1                                                                               | CUSIP: 68269DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72475 | PA      | $72487.62     | 0.01%             | 2029-03-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                            | Palmer Square CLO 2025-4 Ltd                                                                                               | CUSIP: 696916AA3<br>LEI: 549300EYS8N79JYSXL17 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999248.00    | 0.11%             | 2038-10-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                   | PEAC Solutions Receivables 2026-1 LLC                                                                                      | CUSIP: 704583AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2998504.80   | 0.34%             | 2028-10-20      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust              | PenFed Auto Receivables Owner Trust 2022-A                                                                                 | CUSIP: 706874AF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1281467 | PA      | $1281542.08   | 0.14%             | 2028-12-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                         | Penske Truck Leasing Co Lp / PTL Finance Corp                                                                              | CUSIP: 709599BM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2983163.91   | 0.33%             | 2026-06-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                         | Penske Truck Leasing Co Lp / PTL Finance Corp                                                                              | CUSIP: 709599BN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1960000 | PA      | $1953415.05   | 0.22%             | 2027-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                                   | Pikes Peak CLO 14 2023 Ltd                                                                                                 | CUSIP: 72134CAQ4<br>LEI: 213800AO7LGLGDRRY278 | Long             | ABS-CBDO         | CORP              | JE        |   1473440 | PA      | $1476375.09   | 0.17%             | 2038-07-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Point Broadband Funding LLC                      | Point Broadband Funding LLC                                                                                                | CUSIP: 73052AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000735.60   | 0.11%             | 2055-07-20      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| QUEST DIAGNOSTICS INC                            | Quest Diagnostics Inc                                                                                                      | CUSIP: 74834LBE9<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |   1132000 | PA      | $1137072.06   | 0.13%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                             | RLJ Lodging Trust LP                                                                                                       | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    240000 | PA      | $238829.38    | 0.03%             | 2026-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                       | ROCK Trust 2024-CNTR                                                                                                       | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2600000 | PA      | $2643128.28   | 0.30%             | 2041-11-13      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Regatta 34 Funding Ltd.                          | Regatta 34 Funding Ltd                                                                                                     | CUSIP: 75904BAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1494601.50   | 0.17%             | 2038-07-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                           | RR 43 Ltd                                                                                                                  | CUSIP: 78110AAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    971000 | PA      | $968978.38    | 0.11%             | 2039-10-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                 | Ryder System Inc                                                                                                           | CUSIP: 78355HLC1<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |   1318000 | PA      | $1334580.22   | 0.15%             | 2029-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Sesac Finance                                    | Sesac Finance LLC                                                                                                          | CUSIP: 78396YAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $686194.53    | 0.08%             | 2055-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage Trust               | STWD 2021-LIH Mortgage Trust                                                                                               | CUSIP: 78486EAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $499375.00    | 0.06%             | 2036-11-15      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                         | Santander UK Group Holdings PLC                                                                                            | CUSIP: 80281LAQ8<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   2227000 | PA      | $2213312.10   | 0.25%             | 2027-06-14      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                           | Santander Holdings USA Inc                                                                                                 | CUSIP: 80282KBK1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    611000 | PA      | $612250.78    | 0.07%             | 2027-05-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust           | Santander Drive Auto Receivables Trust 2022-5                                                                              | CUSIP: 80287HAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20680 | PA      | $20684.23     | 0.00%             | 2028-10-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                             | Saudi Arabian Oil Co                                                                                                       | CUSIP: 80415RAB7<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    750000 | PA      | $734260.50    | 0.08%             | 2029-02-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sculptor CLO Ltd                                 | Sculptor CLO XXVI Ltd                                                                                                      | CUSIP: 81124TAS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1489246.50   | 0.17%             | 2038-01-20      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust          | Securitized Term Auto Receivables Trust 2025-B                                                                             | CUSIP: 81378WAB9<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |   2713179 | PA      | $2731103.48   | 0.31%             | 2032-12-29      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust          | Securitized Term Auto Receivables Trust                                                                                    | CUSIP: 81378WAG8<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |   1378021 | PA      | $1375325.66   | 0.15%             | 2033-03-25      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                           | Service Experts Issuer 2025-1 LLC                                                                                          | CUSIP: 81758JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1248559 | PA      | $1243066.41   | 0.14%             | 2037-01-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Servpro Master Issuer, LLC                       | SERVPRO Master Issuer LLC                                                                                                  | CUSIP: 817743AL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    179550 | PA      | $177558.14    | 0.02%             | 2055-10-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS                         | South Bow USA Infrastructure Holdings LLC                                                                                  | CUSIP: 83007CAB8<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |   1373000 | PA      | $1378517.57   | 0.15%             | 2027-09-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO XVI, LTD.                       | Sixth Street CLO 29 Ltd                                                                                                    | CUSIP: 83013BAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    714000 | PA      | $714704.00    | 0.08%             | 2038-07-17      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                 | Societe Generale SA                                                                                                        | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   3000000 | PA      | $3019971.06   | 0.34%             | 2028-01-19      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                          | Starwood Property Trust Inc                                                                                                | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |   1000000 | PA      | $993867.70    | 0.11%             | 2026-07-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust 2020-INV1    | Starwood Mortgage Residential Trust 2020-INV                                                                               | CUSIP: 85573EAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    128331 | PA      | $123674.29    | 0.01%             | 2055-11-25      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                      | Swedbank AB                                                                                                                | CUSIP: 87020PAX5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   3000000 | PA      | $3023696.28   | 0.34%             | 2026-09-12      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                                     | TICP CLO XI Ltd                                                                                                            | CUSIP: 87249QAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1200224.40   | 0.13%             | 2037-04-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                           | Taco Bell Funding LLC                                                                                                      | CUSIP: 87342RAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1220762.13   | 0.14%             | 2055-08-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TAKEOFF MERGER SUB INC                           | Takeoff Merger Sub Inc                                                                                                     | CUSIP: 873923AA4<br>LEI: 984500DF5ACB4A114F45 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2983910.70   | 0.33%             | 2028-03-24      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL INDU                         | Teva Pharmaceutical Finance Netherlands III BV                                                                             | CUSIP: 88167AAP6<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    730000 | PA      | $728320.56    | 0.08%             | 2027-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital CLO, Ltd                      | Texas Debt Capital CLO 2023-I Ltd                                                                                          | CUSIP: 88238CAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1570000 | PA      | $1570642.13   | 0.18%             | 2038-07-20      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital CLO, Ltd                      | Texas Debt Capital CLO 2023-I Ltd                                                                                          | CUSIP: 88238CAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2987358.00   | 0.33%             | 2038-07-20      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust 2022-SJ1                                                                                         | CUSIP: 89180GAC3<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2444741.75   | 0.27%             | 2062-03-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                            | Truist Financial Corp                                                                                                      | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5012595.50   | 0.56%             | 2027-06-08      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                    | UBS Commercial Mortgage Trust 2017-C1                                                                                      | CUSIP: 90276EAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22936705 | PA      | $209377.71    | 0.02%             | 2050-06-15      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                   | US Bank C&I Credit-Linked Notes Series 2025-2                                                                              | CUSIP: 90355PAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    616917 | PA      | $619325.77    | 0.07%             | 2032-09-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                   | US Bank NA                                                                                                                 | CUSIP: 90355PAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1493019.90   | 0.17%             | 2046-12-25      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust          | United Auto Credit Securitization Trust 2026-1                                                                             | CUSIP: 90945FAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1597579.36   | 0.18%             | 2029-05-10      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust          | United Auto Credit Securitization Trust 2026-1                                                                             | CUSIP: 90945FAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $747960.00    | 0.08%             | 2031-06-10      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                                                                                        | CUSIP: 912797TD9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  43000000 | PA      | $42664879.50  | 4.78%             | 2026-06-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                                                                                        | CUSIP: 912797TV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  85000000 | PA      | $82315053.15  | 9.22%             | 2027-02-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                                                                                        | CUSIP: 912797UG0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  58000000 | PA      | $57021624.10  | 6.38%             | 2026-09-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                        | CUSIP: 912828ZE3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24250732.50  | 2.72%             | 2027-03-31      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                        | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $25102539.00  | 2.81%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                        | CUSIP: 91282CJK8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $25127539.00  | 2.81%             | 2026-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                        | CUSIP: 91282CKZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $20135937.60  | 2.25%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Floating Rate Notes                                                                                          | CUSIP: 91282CMJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 118000000 | PA      | $118044484.82 | 13.22%            | 2027-01-31      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Floating Rate Notes                                                                                          | CUSIP: 91282CPX3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19998887.60  | 2.24%             | 2028-01-31      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| VNESHECONOMBANK(VEB FIN)                         | Vnesheconombank Via VEB Finance PLC                                                                                        | CUSIP: 91822CAA6<br>LEI: 635400KYY8E2NCZXJ191 | Long             | DBT              | CORP              | IE        |   1500000 | PA      | $0.00         | 0.00%             | 2022-07-05      | Fixed         | 6.03%                 | No            |                  3 | On Loan: No      |
| VFI ABS LLC                                      | VFI ABS 2025-1 LLC                                                                                                         | CUSIP: 91824UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    361114 | PA      | $362240.78    | 0.04%             | 2030-06-24      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                  | Venture XXX CLO Ltd                                                                                                        | CUSIP: 92331NAC0<br>LEI: 5493001R7OPCYBM5NH78 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $9996020.00   | 1.12%             | 2031-01-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                  | Venture 50 Clo Ltd                                                                                                         | CUSIP: 92333CAC2<br>LEI: 2549002JL5N18ARIHX27 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $997273.00    | 0.11%             | 2037-10-20      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2021-R3                                                                                         | CUSIP: 92538EAB3<br>LEI: 213800278TKDEXPH6140 | Long             | ABS-MBS          | CORP              | US        |    174178 | PA      | $166353.48    | 0.02%             | 2064-04-25      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                               | VICI Properties LP                                                                                                         | CUSIP: 925650AJ2<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |   1000000 | PA      | $1001018.28   | 0.11%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                         | Volkswagen Group of America Finance LLC                                                                                    | CUSIP: 928668CA8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4037753.04   | 0.45%             | 2026-11-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WRKCO INC                                        | WRKCo Inc                                                                                                                  | CUSIP: 92940PAE4<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3951364.52   | 0.44%             | 2028-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| WHARF Commercial Mortgage Trust                  | WHARF Commercial Mortgage Trust 2025-DC                                                                                    | CUSIP: 92987LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1714437.08   | 0.19%             | 2040-07-15      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Western Alliance Bank                            | Western Alliance Bank                                                                                                      | CUSIP: 95763PNC1<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | ABS-MBS          | CORP              | US        |   1234680 | PA      | $1320915.47   | 0.15%             | 2059-07-25      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust            | Westlake Automobile Receivables Trust 2022-3                                                                               | CUSIP: 96043PAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    127641 | PA      | $127740.59    | 0.01%             | 2027-12-15      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| WHISTLER PIPELINE LLC                            | Whistler Pipeline LLC                                                                                                      | CUSIP: 96337RAB8<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4108720.40   | 0.46%             | 2031-09-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| WORKDAY INC                                      | Workday Inc                                                                                                                | CUSIP: 98138HAG6<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1417435.05   | 0.16%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DWS                                              | DWS Central Cash Management Government Fund                                                                                | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        | 127630361 | NS      | $127630361.38 | 14.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Zais Matrix CDO I                                | Zais Clo 18 Ltd                                                                                                            | CUSIP: 98885NAS2<br>LEI: 549300PRQCSTFU7VEI08 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1994926.00   | 0.22%             | 2037-10-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Zayo Issuer LLC                                  | Zayo Issuer LLC                                                                                                            | CUSIP: 98919WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2543540.50   | 0.28%             | 2055-06-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                             | Long: BDWFRXYV6 TRS USD R F  1.00000 BDWFRXYW4 COMMODITYTRS / Short: BDWFRXYV6 TRS USD P F   .14000 BDWFRXYX2 COMMODITYTRS | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DCO              |  | CA        |  12794000 | OU      | $28660.99     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                              | Long: BDWFRXYS3 TRS USD R F  1.00000 BDWFRXYT1 COMMODITYTRS / Short: BDWFRXYS3 TRS USD P F   .10000 BDWFRXYU8 COMMODITYTRS | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              |  | US        |   8000000 | OU      | $529882.56    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                             | Long: BDWFRXY95 TRS USD R F  1.00000 BDWFRXYA2 COMMODITYTRS / Short: BDWFRXY95 TRS USD P F   .15000 BDWFRXYB0 COMMODITYTRS | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DCO              |  | CA        |  12990000 | OU      | $-1707061.36  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                              | Long: BDWFRXZ52 TRS USD R F  1.00000 BDWFRXZ60 COMMODITYTRS / Short: BDWFRXZ52 TRS USD P F  1.00000 BDWFRXZ78 COMMODITYTRS | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              |  | US        |  55060000 | OU      | $-1133864.90  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                              | Long: BDWFRXYP9 TRS USD R F  1.00000 BDWFRXYQ7 COMMODITYTRS / Short: BDWFRXYP9 TRS USD P F   .12000 BDWFRXYR5 COMMODITYTRS | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              |  | US        |  46324000 | OU      | $103774.56    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                | Long: BDWFRYAC2 TRS USD R F  1.00000 BDWFRYAD0 COMMODITYTRS / Short: BDWFRYAC2 TRS USD P F   .28000 BDWFRYAE8 COMMODITYTRS | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCO              |  | US        |  11100000 | OU      | $181642.29    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                | Long: BDWFRYAF5 TRS USD R F  1.00000 BDWFRYAG3 COMMODITYTRS / Short: BDWFRYAF5 TRS USD P F   .40000 BDWFRYAH1 COMMODITYTRS | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCO              |  | US        |  37520000 | OU      | $-355383.44   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                | Long: BDWFRYAJ7 TRS USD R F  1.00000 BDWFRYAK4 COMMODITYTRS / Short: BDWFRYAJ7 TRS USD P F   .00000 BDWFRYAL2 COMMODITYTRS | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCO              |  | US        |  17850000 | OU      | $166193.50    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                | Long: BDWFRYA99 TRS USD R F  1.00000 BDWFRYAA6 COMMODITYTRS / Short: BDWFRYA99 TRS USD P F   .11000 BDWFRYAB4 COMMODITYTRS | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCO              |  | US        |  55589000 | OU      | $124529.92    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                         | Long: BDWFRYBX5 TRS USD R F  1.00000 BDWFRYBY3 COMMODITYTRS / Short: BDWFRYBX5 TRS USD P F   .12000 BDWFRYBZ0 COMMODITYTRS | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              |  | US        |  31324000 | OU      | $70171.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                   | Long: BDWFRYAT5 TRS USD R F  1.00000 BDWFRYAU2 COMMODITYTRS / Short: BDWFRYAT5 TRS USD P F   .14100 BDWFRYAV0 COMMODITYTRS | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DCO              |  | US        | 133549000 | OU      | $-505484.30   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | Long: BDWFRYCK2 TRS USD R F  1.00000 BDWFRYCL0 COMMODITYTRS / Short: BDWFRYCK2 TRS USD P F   .12590 BDWFRYCM8 COMMODITYTRS | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DCO              |  | US        |  55752000 | OU      | $1630410.37   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                           | Long: BDWFRYB98 TRS USD R F  1.00000 BDWFRYBA5 COMMODITYTRS / Short: BDWFRYB98 TRS USD P F   .09000 BDWFRYBB3 COMMODITYTRS | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              |  | US        | 106772000 | OU      | $239189.57    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                      | Long: BDWFRYAZ1 TRS USD R F  1.00000 BDWFRYB07 COMMODITYTRS / Short: BDWFRYAZ1 TRS USD P F   .17600 BDWFRYB15 COMMODITYTRS | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        | 304824000 | OU      | $2312635.67   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                           | Long: BDWFRYBG2 TRS USD R F  1.00000 BDWFRYBH0 COMMODITYTRS / Short: BDWFRYBG2 TRS USD P F   .00000 BDWFRYBJ6 COMMODITYTRS | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              |  | US        | 317450000 | OU      | $-10955005.86 | -1.23%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                           | Long: BDWFRYBC1 TRS USD R F  1.00000 BDWFRYBD9 COMMODITYTRS / Short: BDWFRYBC1 TRS USD P F   .13000 BDWFRYBE7 COMMODITYTRS | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              |  | US        |  19116000 | OU      | $1083754.67   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                      | Long: BDWFRYB64 TRS USD R F  1.00000 BDWFRYB72 COMMODITYTRS / Short: BDWFRYB64 TRS USD P F   .00000 BDWFRYB80 COMMODITYTRS | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        |  36770000 | OU      | $331617.97    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                         | Long: BDWFRYBN7 TRS USD R F  1.00000 BDWFRYBP2 COMMODITYTRS / Short: BDWFRYBN7 TRS USD P F   .45000 BDWFRYBQ0 COMMODITYTRS | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCO              |  | US        |  12690000 | OU      | $-182061.15   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                              | Long: BDWFRYC14 TRS USD R F  1.00000 BDWFRYC22 COMMODITYTRS / Short: BDWFRYC14 TRS USD P F   .30000 BDWFRYC30 COMMODITYTRS | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              |  | FR        |  25300000 | OU      | $-420835.14   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                              | Long: BDWFRYC48 TRS USD R F  1.00000 BDWFRYC55 COMMODITYTRS / Short: BDWFRYC48 TRS USD P F   .12240 BDWFRYC63 COMMODITYTRS | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              |  | FR        | 174282000 | OU      | $-223952.37   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International                      | Long: BDWFRXYF1 TRS USD R F   .00000 BDWFRXYH7 COMMODITYTRS / Short: BDWFRXYF1 TRS USD P F  1.00000 BDWFRXYG9 COMMODITYTRS | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              |  | GB        |   8500000 | OU      | $165944.74    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International                      | Long: BDWFRXYC8 TRS USD R F  1.00000 BDWFRXYD6 COMMODITYTRS / Short: BDWFRXYC8 TRS USD P F   .18680 BDWFRXYE4 COMMODITYTRS | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              |  | GB        | 102309000 | OU      | $-650347.62   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: BDWFRXXL9 TRS USD R F  1.00000 BDWFRXXM7 COMMODITYTRS / Short: BDWFRXXL9 TRS USD P F   .35000 BDWFRXXN5 COMMODITYTRS | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |   8000000 | OU      | $124530.16    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: BDWFRXWK2 TRS USD R F  1.00000 BDWFRXWL0 COMMODITYTRS / Short: BDWFRXWK2 TRS USD P F   .35000 BDWFRXWM8 COMMODITYTRS | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  27330000 | OU      | $-460053.82   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: BDWFRXYY0 TRS USD R F  1.00000 BDWFRXYZ7 COMMODITYTRS / Short: BDWFRXYY0 TRS USD P F   .15200 BDWFRXZ03 COMMODITYTRS | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        | 358503000 | OU      | $-2537333.66  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: BDWFRXXT2 TRS USD R F  1.00000 BDWFRXXU9 COMMODITYTRS / Short: BDWFRXXT2 TRS USD P F   .12000 BDWFRXXV7 COMMODITYTRS | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  17000000 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch International                      | Long: BDWFS2W78 TRS USD R F  1.00000 BDWFS2W86 COMMODITYTRS / Short: BDWFS2W78 TRS USD P F   .12000 BDWFS2W94 COMMODITYTRS | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              |  | GB        |   8500000 | OU      | $181498.38    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: BDWFSMKQ5 TRS USD R F  1.00000 BDWFSMKR3 COMMODITYTRS / Short: BDWFSMKQ5 TRS USD P F   .10000 BDWFSMKS1 COMMODITYTRS | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  15000000 | OU      | $-154183.20   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                          | Long: BDWFSMME0 TRS USD R F   .00000 BDWFSMMG5 COMMODITYTRS / Short: BDWFSMME0 TRS USD P F  1.00000 BDWFSMMF7 COMMODITYTRS | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DCO              |  | US        |  15000000 | OU      | $-86831.40    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                           | Long: BDWFTZL27 TRS USD R F  1.00000 BDWFTZL35 COMMODITYTRS / Short: BDWFTZL27 TRS USD P F   .13000 BDWFTZL43 COMMODITYTRS | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              |  | US        |  17400000 | OU      | $12506.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas Suisse SA                            | Long: BDWFUAMA1 TRS USD R F   .03000 BDWFUAMC7 COMMODITYTRS / Short: BDWFUAMA1 TRS USD P F  1.00000 BDWFUAMB9 COMMODITYTRS | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DCO              |  | US        |   9000000 | OU      | $81129.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| London Metal Exchange                            | LME PRI ALUM FUTR JUN26                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       210 | NC      | $603712.20    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME PRI ALUM FUTR JUN26                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -210 | NC      | $-497632.80   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME COPPER FUTURE JUN26                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        28 | NC      | $-690654.72   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME COPPER FUTURE JUN26                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -28 | NC      | $334832.96    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                               | BRENT CRUDE FUTR JUN26                                                                                                     | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        50 | NC      | $269366.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME NICKEL FUTURE JUN26                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       166 | NC      | $-238359.40   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME NICKEL FUTURE JUN26                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -241 | NC      | $98241.02     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME ZINC FUTURE JUN26                                                                                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -100 | NC      | $-130349.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME COPPER FUTURE APR26                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        52 | NC      | $-1980344.86  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME COPPER FUTURE APR26                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -52 | NC      | $793876.72    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                     | NY HARB ULSD FUT MAY26                                                                                                     | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        60 | NC      | $-155516.46   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME PRI ALUM FUTR MAY26                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       108 | NC      | $852910.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME PRI ALUM FUTR MAY26                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -108 | NC      | $-940105.44   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME ZINC FUTURE MAY26                                                                                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       105 | NC      | $65081.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME ZINC FUTURE MAY26                                                                                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -105 | NC      | $170396.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME COPPER FUTURE JUL26                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        30 | NC      | $60902.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                            | LME COPPER FUTURE JUL26                                                                                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -30 | NC      | $-177952.20   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                     | NAT GAS EURO OPT MAY26C 5.5                                                                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |      -350 | NC      | $-18550.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                               | LOW SU GASOIL G MAY26                                                                                                      | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        91 | NC      | $465450.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                     | GASOLINE RBOB FUT MAY26                                                                                                    | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        76 | NC      | $9671.69      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                     | PLATINUM FUTURE JUL26                                                                                                      | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        90 | NC      | $297307.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                     | PALLADIUM FUTURE JUN26                                                                                                     | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       -62 | NC      | $-483762.04   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                      | GOLD 100 OZ FUTR MAY26                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        70 | NC      | $1156440.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                               | CRUDE OIL OPT IPE JUN26P 35                                                                                                | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |      2000 | NC      | $20000.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                               | CRUDE OIL OPT IPE JUN26P 40                                                                                                | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |      2000 | NC      | $20000.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** DEUTSCHE DWS SECURITIES TRUST

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer