# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001145549-25-053739
**Filing Date:** 2025-8
**Character Count:** 119311
**Document Hash:** b6cadcaea8c050863ff5ed7ef784a499
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-053739.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001145549-25-053739

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust
- **CENTRAL INDEX KEY:** 0001318342

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21719
- **FILM NUMBER:** 251256514

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 626-914-4141

**MAIL ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Trust
- **DATE OF NAME CHANGE:** 20050603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Equity Trust
- **DATE OF NAME CHANGE:** 20050218

## Series and Classes Contracts Data

### AAM/HIMCO Short Duration Fund (Series ID: S000045893)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000142996 | Class A      | ASDAX           |
| C000142997 | Class C      | ASDCX           |
| C000142998 | Class I      | ASDIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** INVESTMENT MANAGERS SERIES TRUST

- **b. Investment Company Act file number:** 811-21719

- **c. CIK number of Registrant:** 0001318342

- **d. LEI of Registrant:** 549300ESWU4ZNAH5Y054

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

  - **Street Address 1:** 235 WEST GALENA STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** AAM HIMCO Short Duration Income Fund

- **b. EDGAR series identifier (if any):** S000045893

- **c. LEI of Series:** 549300E0AXI7AMELH667

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $349090385.30

**Total Liabilities:** $335001.72

**Net Assets:** $348755383.58

**Cash Not Reported:** $528351.97

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 507.622916111313 | **1-Year:** 17627.636519361872 | **5-Year:** 19415.319906265946 | **10-Year:** 3173.656558033262 | **30-Year:** 16386.742555273602

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

- **3-Month:** 10.632110535648 | **1-Year:** 917.883767913098 | **5-Year:** 2744.411613839830 | **10-Year:** 1048.943978383159 | **30-Year:** 258.497675506265

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000142996 | 0.52%                | 0.25%                | 0.70%                |
| Class ID C000142997 | 0.46%                | 0.18%                | 0.60%                |
| Class ID C000142998 | 0.64%                | 0.17%                | 0.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $19530.05                | $742754.33                                 |
| Month 2  | $-10847.48               | $-513551.81                                |
| Month 3  | $-131682.56              | $1459300.20                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BX Trust                                     | BX Trust 2024-CNYN                                                                        | CUSIP: 05612HAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    839244 | PA      | $840555.54    | 0.24%             | 2041-04-15      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Balboa Bay Loan Funding Ltd                  | Balboa Bay Loan Funding 2022-1 Ltd.                                                       | CUSIP: 05766EAJ1<br>LEI: 549300USDGJ8GD3PWY07 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1997870.00   | 0.57%             | 2037-04-20      | Floating      | 5.32%                 | Yes           |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp.                                                                     | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1457853.00   | 0.42%             | 2027-07-22      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp.                                                                     | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1562421.00   | 0.45%             | 2029-09-15      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp.                                                                     | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013853.00   | 0.29%             | 2029-01-24      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp.                                                                     | CUSIP: 06051GMN6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998640.00    | 0.29%             | 2029-01-24      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON                      | Bank of New York Mellon                                                                   | CUSIP: 06405LAH4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013945.00   | 0.29%             | 2029-04-20      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| Banc of America Commercial Mor               | Bank of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3                         | CUSIP: 06427DAR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    502475 | PA      | $494186.64    | 0.14%             | 2050-02-15      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                 | Barclays PLC                                                                              | CUSIP: 06738ECC7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1008301.00   | 0.29%             | 2026-11-02      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                 | Barclays PLC                                                                              | CUSIP: 06738ECX1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1012905.00   | 0.29%             | 2029-02-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                     | Benchmark 2019-B12 Mortgage Trust                                                         | CUSIP: 08162FAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $935403.00    | 0.27%             | 2052-08-15      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus               | BRAVO Residential Funding Trust 2021-NQM3                                                 | CUSIP: 105690AE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1286842 | PA      | $1171582.14   | 0.34%             | 2060-04-25      | Variable      | 3.91%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus               | BRAVO Residential Funding Trust 2021-NQM2                                                 | CUSIP: 10569EAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140072 | PA      | $135745.02    | 0.04%             | 2060-03-25      | Variable      | 1.28%                 | Yes           |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                          | Buckeye Partners LP                                                                       | CUSIP: 118230AQ4<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    529000 | PA      | $522676.33    | 0.15%             | 2026-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                 | CD 2017-CD6 Mortgage Trust                                                                | CUSIP: 125039AF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $972109.00    | 0.28%             | 2050-11-13      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trus               | CFCRE Commercial Mortgage Trust 2016-C3                                                   | CUSIP: 12531WBC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1704380 | PA      | $3754.75      | 0.00%             | 2048-01-10      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                 | CSMC 2019-AFC1 Trust                                                                      | CUSIP: 12596XAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    995053 | PA      | $806748.18    | 0.23%             | 2049-07-25      | Variable      | 3.06%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                              | CVS Health Corp.                                                                          | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1160069.72   | 0.33%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                     | Capital One Financial Corp.                                                               | CUSIP: 14040HDE2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1034261.00   | 0.30%             | 2030-02-01      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                      | Carmax Auto Owner Trust 2022-3                                                            | CUSIP: 14318MAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002403.00   | 0.29%             | 2028-02-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                              | Chevron USA, Inc.                                                                         | CUSIP: 166756BC9<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004282.00   | 0.29%             | 2028-02-26      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup, Inc.                                                                           | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2004474.00   | 0.57%             | 2026-09-29      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T               | Ellington Financial Mortgage Trust 2017-1                                                 | CUSIP: 31574XAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    238784 | PA      | $205493.66    | 0.06%             | 2066-02-25      | Variable      | 1.11%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group, Inc.                                                                 | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007719.00   | 0.29%             | 2028-04-23      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                       | Goldman Sachs Bank USA/New York NY                                                        | CUSIP: 38151LAG5<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008204.00   | 0.29%             | 2027-05-21      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A               | Government National Mortgage Association                                                  | CUSIP: 38378KY37<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2149993 | PA      | $49871.24     | 0.01%             | 2054-10-16      | Variable      | 0.34%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                | New Residential Mortgage Loan Trust 2020-NQM1                                             | CUSIP: 64830VAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    163196 | PA      | $153922.34    | 0.04%             | 2060-01-26      | Variable      | 2.77%                 | Yes           |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                       | NextEra Energy Capital Holdings, Inc.                                                     | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013628.00   | 0.29%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                     | Northwestern Mutual Global Funding                                                        | CUSIP: 66815L2V0<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008754.00   | 0.29%             | 2028-03-21      | Fixed         | 4.49%                 | Yes           |                  2 | On Loan: No      |
| Octagon 61 Ltd                               | Octagon 61 Ltd.                                                                           | CUSIP: 675947AJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1997388.60   | 0.57%             | 2038-04-20      | Floating      | 5.33%                 | Yes           |                  1 | On Loan: No      |
| ONEOK INC                                    | ONEOK, Inc.                                                                               | CUSIP: 682680CB7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998164.00    | 0.29%             | 2027-09-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | Philip Morris International, Inc.                                                         | CUSIP: 718172DM8<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004398.00   | 0.29%             | 2027-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                      | Pricoa Global Funding I                                                                   | CUSIP: 74153WCU1<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004300.00   | 0.29%             | 2027-08-27      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                     | Principal Life Global Funding II                                                          | CUSIP: 74256LFA2<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502693.50    | 0.14%             | 2027-08-19      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                     | Public Service Enterprise Group, Inc.                                                     | CUSIP: 744573BA3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    903000 | PA      | $918371.77    | 0.26%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                         | RLJ Lodging Trust LP                                                                      | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              | CORP              | US        |    703000 | PA      | $695929.23    | 0.20%             | 2026-07-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Race Point CLO Ltd                           | Race Point IX CLO Ltd.                                                                    | CUSIP: 74982WAE6<br>LEI: 549300C3570PBQ31OI09 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1502733.60   | 0.43%             | 2030-10-15      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| Regatta VIII Funding Ltd                     | Regatta VIII Funding Ltd.                                                                 | CUSIP: 75888KAJ3<br>LEI: 2549002R0TTC87W9EH67 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $749132.85    | 0.21%             | 2037-04-17      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Residential Mortgage Loan Trus               | Residential Mortgage Loan Trust 2021-1R                                                   | CUSIP: 76090NAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     72906 | PA      | $69835.02     | 0.02%             | 2065-01-25      | Variable      | 1.20%                 | Yes           |                  2 | On Loan: No      |
| Residential Mortgage Loan Trus               | Residential Mortgage Loan Trust 2020-2                                                    | CUSIP: 76123MAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2400615 | PA      | $2322270.93   | 0.67%             | 2060-05-25      | Variable      | 2.91%                 | Yes           |                  2 | On Loan: No      |
| Residential Mortgage Loan Trus               | Residential Mortgage Loan Trust 2020-2                                                    | CUSIP: 76123MAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    833333 | PA      | $791541.35    | 0.23%             | 2060-05-25      | Variable      | 3.56%                 | Yes           |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                        | Rio Tinto Finance USA PLC                                                                 | CUSIP: 76720AAQ9<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1005149.00   | 0.29%             | 2027-03-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                        | Rio Tinto Finance USA PLC                                                                 | CUSIP: 76720AAY2<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1005704.00   | 0.29%             | 2028-03-14      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners                          | SG Residential Mortgage Trust 2021-1                                                      | CUSIP: 784212AC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    919680 | PA      | $759827.34    | 0.22%             | 2061-07-25      | Variable      | 1.56%                 | Yes           |                  2 | On Loan: No      |
| SG Capital Partners                          | SG Residential Mortgage Trust 2019-3                                                      | CUSIP: 78432BAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11403 | PA      | $11350.29     | 0.00%             | 2059-09-25      | Variable      | 2.88%                 | Yes           |                  2 | On Loan: No      |
| SG Capital Partners                          | SG Residential Mortgage Trust 2019-3                                                      | CUSIP: 78432BAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11802 | PA      | $11747.39     | 0.00%             | 2059-09-25      | Variable      | 3.08%                 | Yes           |                  2 | On Loan: No      |
| SMRT                                         | SMRT 2022-MINI                                                                            | CUSIP: 78457JAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1474687.50   | 0.42%             | 2039-01-15      | Floating      | 7.01%                 | Yes           |                  2 | On Loan: No      |
| SNF GROUP SACA                               | SNF Group SACA                                                                            | CUSIP: 7846ELAD9<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    536000 | PA      | $521828.70    | 0.15%             | 2027-03-15      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| Social Professional Loan Progr               | SoFi Professional Loan Program 2017-D LLC                                                 | CUSIP: 78471CAC3<br>LEI: 549300RC6OGKQI1MHM67 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $483644.50    | 0.14%             | 2040-09-25      | Fixed         | 3.61%                 | Yes           |                  2 | On Loan: No      |
| SREIT Trust                                  | SREIT Trust 2021-MFP                                                                      | CUSIP: 78472UAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1174378 | PA      | $1174378.11   | 0.34%             | 2038-11-15      | Floating      | 7.05%                 | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl               | Santander Drive Auto Receivables Trust 2022-5                                             | CUSIP: 80287HAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1009076.00   | 0.29%             | 2030-12-16      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners                          | SG Residential Mortgage Trust 2020-2                                                      | CUSIP: 81882JAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1418858 | PA      | $1270465.32   | 0.36%             | 2065-05-25      | Variable      | 3.19%                 | Yes           |                  2 | On Loan: No      |
| SG Capital Partners                          | SG Residential Mortgage Trust 2020-2                                                      | CUSIP: 81882JAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1106010.00   | 0.32%             | 2065-05-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                        | Sixth Street CLO XIII Ltd.                                                                | CUSIP: 83012XAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1833333 | PA      | $1828579.31   | 0.52%             | 2038-01-21      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Social Professional Loan Progr               | Sofi Professional Loan Program 2018-A LLC                                                 | CUSIP: 83406EAD7<br>LEI: 5493002WMPR84WZ75V46 | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $531789.50    | 0.15%             | 2042-02-25      | Fixed         | 3.61%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                        | Tenet Healthcare Corp.                                                                    | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    192000 | PA      | $186047.04    | 0.05%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes                        | Tricon American Homes 2019-SFR1 Trust                                                     | CUSIP: 89612LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    983237 | PA      | $970015.35    | 0.28%             | 2038-03-17      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Tricon American Homes                        | Tricon American Homes 2020-SFR1                                                           | CUSIP: 89613GAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $969929.00    | 0.28%             | 2038-07-17      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Toorak Mortgage Corp.                        | TRK 2021-INV1 Trust                                                                       | CUSIP: 89688WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    561305 | PA      | $497931.19    | 0.14%             | 2056-07-25      | Variable      | 1.56%                 | Yes           |                  2 | On Loan: No      |
| UBS GROUP AG                                 | UBS Group A.G.                                                                            | CUSIP: 902613BL1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1500000 | PA      | $1557306.00   | 0.45%             | 2030-09-13      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                           | UBS A.G./Stamford CT                                                                      | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $1008067.00   | 0.29%             | 2028-01-10      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                | UBS Commercial Mortgage Trust 2018-C10                                                    | CUSIP: 90276FAW4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $981569.00    | 0.28%             | 2051-05-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                | UBS Commercial Mortgage Trust 2017-C5                                                     | CUSIP: 90276TAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1349189.80   | 0.39%             | 2050-11-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                | UBS Commercial Mortgage Trust 2019-C16                                                    | CUSIP: 90276YAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $958906.00    | 0.27%             | 2052-04-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                | UBS Commercial Mortgage Trust 2019-C18                                                    | CUSIP: 90278PBB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11451827 | PA      | $358797.21    | 0.10%             | 2052-12-15      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                          | United Airlines, Inc.                                                                     | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    480000 | PA      | $476832.00    | 0.14%             | 2026-04-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note                                                               | CUSIP: 91282CFK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9985940.00   | 2.86%             | 2025-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note                                                               | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10089840.00  | 2.89%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note                                                               | CUSIP: 91282CGP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10074610.00  | 2.89%             | 2028-02-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note                                                               | CUSIP: 91282CHH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $5005990.00   | 1.44%             | 2026-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note                                                               | CUSIP: 91282CHY0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10080470.00  | 2.89%             | 2026-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note                                                               | CUSIP: 91282CJN2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10207030.00  | 2.93%             | 2028-11-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note                                                               | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10088670.00  | 2.89%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note                                                               | CUSIP: 91282CKD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10174610.00  | 2.92%             | 2029-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| XPO INC                                      | XPO, Inc.                                                                                 | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    400000 | PA      | $405892.80    | 0.12%             | 2028-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                        | Quikrete Holdings, Inc.                                                                   | CUSIP: BL4989184<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   1054358 | PA      | $1054225.71   | 0.30%             | 2032-02-10      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| SBA SENIOR FINANCE II LLC                    | SBA Senior Finance II LLC                                                                 | CUSIP: 78404XAJ4<br>LEI: 549300PVT2ADFWMYEW87 | Long             | LON              | CORP              | US        |   1247210 | PA      | $1250178.56   | 0.36%             | 2031-01-27      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| ICON LUXEMBOURG SARL                         | ICON Luxembourg Sarl                                                                      | CUSIP: 999999999<br>LEI: 635400PUWMHSPI2DDA35 | Long             | LON              | CORP              | LU        |    147700 | PA      | $148830.67    | 0.04%             | 2028-07-03      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| PRA HEALTH SCIENCES INC                      | PRA Health Sciences, Inc.                                                                 | CUSIP: 999999999<br>LEI: 635400PUWMHSPI2DDA35 | Long             | LON              | CORP              | US        |     36800 | PA      | $37081.24     | 0.01%             | 2028-07-03      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                        | Genesee & Wyoming, Inc.                                                                   | CUSIP: BL4621068<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |   1048369 | PA      | $1044133.96   | 0.30%             | 2031-04-10      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi               | GM Financial Consumer Automobile Receivables Trust 2023-2                                 | CUSIP: 362583AF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1005093.00   | 0.29%             | 2028-10-16      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                | GS Mortgage-Backed Securities Trust 2024-HE2                                              | CUSIP: 36271AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    644563 | PA      | $645128.49    | 0.18%             | 2055-01-25      | Floating      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                       | General Motors Financial Co., Inc.                                                        | CUSIP: 37045XEQ5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014388.00   | 0.29%             | 2027-05-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                       | General Motors Financial Co., Inc.                                                        | CUSIP: 37045XEX0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014941.00   | 0.29%             | 2027-07-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                       | General Motors Financial Co., Inc.                                                        | CUSIP: 37045XFB7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1011858.00   | 0.29%             | 2030-01-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                       | General Motors Financial Co., Inc.                                                        | CUSIP: 37045XFF8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992803.00    | 0.28%             | 2028-04-04      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                             | Georgia Power Co.                                                                         | CUSIP: 373334KZ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998620.00    | 0.29%             | 2026-09-15      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAPITAL                      | GlaxoSmithKline Capital PLC                                                               | CUSIP: 377373AN5<br>LEI: 549300U0LV41VX7LEP38 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1001688.00   | 0.29%             | 2027-03-12      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                         | Glencore Funding LLC                                                                      | CUSIP: 378272AX6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   2575000 | PA      | $2561610.00   | 0.73%             | 2025-09-01      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                         | Glencore Funding LLC                                                                      | CUSIP: 378272BR8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013511.00   | 0.29%             | 2027-04-04      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                         | Glencore Funding LLC                                                                      | CUSIP: 378272BX5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1499854.50   | 0.43%             | 2026-10-01      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group, Inc.                                                                 | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1040741.00   | 0.30%             | 2030-04-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A               | Government National Mortgage Association                                                  | CUSIP: 38378NHQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    227058 | PA      | $356.94       | 0.00%             | 2055-05-16      | Variable      | 0.14%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A               | Government National Mortgage Association                                                  | CUSIP: 38378XMD0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    138324 | PA      | $1279.63      | 0.00%             | 2056-04-16      | Variable      | 0.42%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A               | Government National Mortgage Association                                                  | CUSIP: 38380JFE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2819858 | PA      | $79305.69     | 0.02%             | 2060-01-16      | Variable      | 0.52%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A               | Government National Mortgage Association                                                  | CUSIP: 38380JGQ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2165945 | PA      | $76288.91     | 0.02%             | 2059-04-16      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A               | Government National Mortgage Association                                                  | CUSIP: 38380JTZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1979095 | PA      | $65082.53     | 0.02%             | 2060-05-16      | Variable      | 0.57%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A               | Government National Mortgage Association                                                  | CUSIP: 38380JYR3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3321158 | PA      | $141962.88    | 0.04%             | 2060-07-16      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A               | Government National Mortgage Association                                                  | CUSIP: 38380ME98<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1053130 | PA      | $56659.44     | 0.02%             | 2060-11-16      | Variable      | 0.76%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A               | Government National Mortgage Association                                                  | CUSIP: 38380NN47<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  16693431 | PA      | $551814.71    | 0.16%             | 2062-01-16      | Variable      | 0.53%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu               | GreenSky Home Improvement Trust 2024-1                                                    | CUSIP: 39571MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    152046 | PA      | $152816.83    | 0.04%             | 2059-06-25      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Greensky Home Improvement Issu               | GreenSky Home Improvement Issuer Trust 2025-1                                             | CUSIP: 39571NAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    906827 | PA      | $908425.50    | 0.26%             | 2060-03-25      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| HCA INC                                      | HCA, Inc.                                                                                 | CUSIP: 404119CX5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005748.00   | 0.29%             | 2028-03-01      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| HCA INC                                      | HCA, Inc.                                                                                 | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004946.00   | 0.29%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                            | HSBC Holdings PLC                                                                         | CUSIP: 404280EQ8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2016856.00   | 0.58%             | 2029-03-03      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                            | HSBC Holdings PLC                                                                         | CUSIP: 404280EU9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $997004.00    | 0.29%             | 2031-03-03      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                            | Herc Holdings, Inc.                                                                       | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    542000 | PA      | $542048.24    | 0.16%             | 2027-07-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| HERO Funding Trust                           | HERO Funding Trust 2015-2                                                                 | CUSIP: 42770UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    179024 | PA      | $169266.69    | 0.05%             | 2040-09-20      | Fixed         | 3.99%                 | Yes           |                  2 | On Loan: No      |
| HP ENTERPRISE CO                             | Hewlett Packard Enterprise Co.                                                            | CUSIP: 42824CBR9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001514.00   | 0.29%             | 2026-09-25      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                         | OneMain Finance Corp.                                                                     | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    371000 | PA      | $363040.20    | 0.10%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp.                                                                              | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $977374.00    | 0.28%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                  | PNC Bank N.A.                                                                             | CUSIP: 69353RFW3<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000269.00   | 0.29%             | 2027-01-15      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Park Avenue Institutional Advi               | Park Avenue Institutional Advisers CLO Ltd. 2019-2                                        | CUSIP: 70018AAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000465.80   | 0.57%             | 2034-10-15      | Floating      | 6.22%                 | Yes           |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                     | Penske Truck Leasing Co. Lp / PTL Finance Corp.                                           | CUSIP: 709599BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    940000 | PA      | $947832.08    | 0.27%             | 2026-05-24      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                     | Penske Truck Leasing Co. Lp / PTL Finance Corp.                                           | CUSIP: 709599BW3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1266000 | PA      | $1318707.38   | 0.38%             | 2028-08-01      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Starwood Residential Mortgage                | STAR 2021-1 Trust                                                                         | CUSIP: 85573GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    327052 | PA      | $305958.54    | 0.09%             | 2065-05-25      | Variable      | 1.22%                 | Yes           |                  2 | On Loan: No      |
| Starwood Mortgage Residential                | Starwood Mortgage Residential Trust 2021-4                                                | CUSIP: 85573PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    642714 | PA      | $562517.45    | 0.16%             | 2056-08-25      | Variable      | 1.16%                 | Yes           |                  2 | On Loan: No      |
| Starwood Mortgage Residential                | Starwood Mortgage Residential Trust 2021-4                                                | CUSIP: 85573PAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    336178 | PA      | $296688.15    | 0.09%             | 2056-08-25      | Variable      | 1.58%                 | Yes           |                  2 | On Loan: No      |
| STATE STREET CORP                            | State Street Corp.                                                                        | CUSIP: 857477CZ4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004654.00   | 0.29%             | 2028-04-24      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC                     | Store Master Funding I-VII                                                                | CUSIP: 86212VAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1140013 | PA      | $1124267.37   | 0.32%             | 2048-10-20      | Fixed         | 4.29%                 | Yes           |                  2 | On Loan: No      |
| SYNOPSYS INC                                 | Synopsys, Inc.                                                                            | CUSIP: 871607AA5<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1507245.00   | 0.43%             | 2027-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                 | Synopsys, Inc.                                                                            | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1514866.50   | 0.43%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| TCW CLO 2017-1, Ltd                          | TCW CLO 2017-1A Ltd.                                                                      | CUSIP: 87240NBE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    266666 | PA      | $266608.78    | 0.08%             | 2034-10-29      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                             | T-Mobile USA, Inc.                                                                        | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1505000 | PA      | $1481698.09   | 0.42%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                         | Taylor Morrison Communities, Inc.                                                         | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152218.65    | 0.04%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| HILCORP ENERGY I LP BANK LOAN 02/05/2030   / | HILCORP ENERGY I LP BANK LOAN 02/05/2030   /                                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    268000 | PA      | $268837.50    | 0.08%             | 2030-02-05      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA BRISTOL LLC                     | Virgin Media Bristol LLC                                                                  | CUSIP: BL3183086<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |    997330 | PA      | $985905.58    | 0.28%             | 2028-01-31      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                     | Vistra Operations Co. LLC                                                                 | CUSIP: 88233FAK6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | LON              | CORP              | US        |   1134741 | PA      | $1138956.48   | 0.33%             | 2025-12-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| SKYMILES IP LTD                              | SkyMiles IP Ltd.                                                                          | CUSIP: 24736CBS2<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | KY        |    461762 | PA      | $465312.52    | 0.13%             | 2027-10-20      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| PETSMART INC                                 | PetSmart LLC                                                                              | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    552862 | PA      | $548370.49    | 0.16%             | 2028-02-14      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                         | Aramark Services, Inc.                                                                    | CUSIP: 03852JAT8<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |    620466 | PA      | $623050.59    | 0.18%             | 2030-06-24      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPER                  | Charter Communications Operating LLC                                                      | CUSIP: 16117LCB3<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |   1325829 | PA      | $1326657.74   | 0.38%             | 2030-12-09      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFORMATIO                     | Iron Mountain Information Management LLC                                                  | CUSIP: 46284NAV1<br>LEI: 5493009M0X1LQXGBWV02 | Long             | LON              | CORP              | US        |    994950 | PA      | $995362.40    | 0.29%             | 2031-01-31      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| XPO LOGISTICS INC                            | XPO, Inc.                                                                                 | CUSIP: 999999999<br>LEI: 54930096DB9LCLPN7H13 | Long             | LON              | CORP              | US        |    262342 | PA      | $263260.70    | 0.08%             | 2031-02-28      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                          | Medline Borrower LP                                                                       | CUSIP: 999999999<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    744260 | PA      | $745953.19    | 0.21%             | 2028-10-23      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC                               | 1011778 BC ULC                                                                            | CUSIP: C6901LAM9<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |   1589162 | PA      | $1584363.12   | 0.45%             | 2030-09-23      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                               | Ryan Specialty LLC                                                                        | CUSIP: 999999999<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |    405960 | PA      | $406467.45    | 0.12%             | 2031-09-15      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP                        | AAdvantage Loyalty IP Ltd.                                                                | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    698750 | PA      | $695200.35    | 0.20%             | 2028-04-20      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square               | Goldman Sachs Financial Square Government Fund, Class Institutional - Class Institutional | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |  14956470 | PA      | $14956470.33  | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                | Citigroup, Inc.                                                                           | CUSIP: 172967QB0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005368.00   | 0.29%             | 2031-05-07      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                | Citigroup Mortgage Loan Trust 2015-RP2                                                    | CUSIP: 17323TAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    519881 | PA      | $511273.30    | 0.15%             | 2053-01-25      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                | Citigroup Mortgage Loan Trust, Inc.                                                       | CUSIP: 17326QAA1<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |     43966 | PA      | $43136.42     | 0.01%             | 2064-09-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup, Inc.                                                                           | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007077.00   | 0.29%             | 2029-03-04      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                             | COLT 2021-4 Mortgage Loan Trust                                                           | CUSIP: 19688GAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1133335 | PA      | $970228.62    | 0.28%             | 2066-10-25      | Variable      | 1.65%                 | Yes           |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                | Commonbond Student Loan Trust 2016-B                                                      | CUSIP: 20267UAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12290 | PA      | $11581.02     | 0.00%             | 2040-10-25      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                | Commonbond Student Loan Trust 2018-C-GS                                                   | CUSIP: 20267XAA1<br>LEI: 549300O1CSZVJJTIR319 | Long             | ABS-O            | CORP              | US        |    239295 | PA      | $231868.25    | 0.07%             | 2046-02-25      | Fixed         | 3.87%                 | Yes           |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                      | Consolidated Edison Co. of New York, Inc.                                                 | CUSIP: 209111GL1<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    800000 | PA      | $800134.40    | 0.23%             | 2027-11-18      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Tr               | Credit Acceptance Auto Loan Trust 2023-1                                                  | CUSIP: 224927AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    663688 | PA      | $666745.18    | 0.19%             | 2033-03-15      | Fixed         | 6.48%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Tr               | Credit Acceptance Auto Loan Trust 2024-2                                                  | CUSIP: 22536VAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1019714.00   | 0.29%             | 2034-06-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Crown City CLO                               | Crown City CLO IV                                                                         | CUSIP: 228233AJ1<br>LEI: 549300AGQI0XSPNAK945 | Long             | ABS-CBDO         | CORP              | KY        |    666667 | PA      | $665976.35    | 0.19%             | 2037-04-20      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| Crown City CLO                               | Crown City CLO V                                                                          | CUSIP: 22823AAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    666667 | PA      | $666643.27    | 0.19%             | 2037-04-20      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                      | DCP Midstream Operating LP                                                                | CUSIP: 23311VAJ6<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    149000 | PA      | $152292.60    | 0.04%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortg               | DBJPM 2016-C3 Mortgage Trust                                                              | CUSIP: 23312VAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $979676.00    | 0.28%             | 2049-08-10      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                              | Danske Bank A/S                                                                           | CUSIP: 23636ABK6<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    914000 | PA      | $923935.18    | 0.26%             | 2031-03-04      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| Deephaven Residential Mortgage               | Deephaven Residential Mortgage Trust 2021-4                                               | CUSIP: 24381JAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    425219 | PA      | $372288.35    | 0.11%             | 2066-11-25      | Variable      | 2.24%                 | Yes           |                  2 | On Loan: No      |
| Deephaven Residential Mortgage               | Deephaven Residential Mortgage Trust 2021-3                                               | CUSIP: 24381VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    729158 | PA      | $640757.32    | 0.18%             | 2066-08-25      | Variable      | 1.19%                 | Yes           |                  2 | On Loan: No      |
| Deephaven Residential Mortgage               | Deephaven Residential Mortgage Trust 2021-3                                               | CUSIP: 24381VAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    721489 | PA      | $635374.60    | 0.18%             | 2066-08-25      | Variable      | 1.55%                 | Yes           |                  2 | On Loan: No      |
| Deephaven Residential Mortgage               | Deephaven Residential Mortgage Trust 2022-1                                               | CUSIP: 24382JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    655946 | PA      | $600981.48    | 0.17%             | 2067-01-25      | Variable      | 2.21%                 | Yes           |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                      | Dell International LLC / EMC Corp.                                                        | CUSIP: 24703TAL0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1517359.50   | 0.44%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                             | Deutsche Bank A.G./New York NY                                                            | CUSIP: 251526CV9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    835000 | PA      | $848648.91    | 0.24%             | 2028-02-08      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                             | Deutsche Bank A.G./New York NY                                                            | CUSIP: 25160PAQ0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1000000 | PA      | $1017399.00   | 0.29%             | 2029-01-10      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                      | Dryden 105 CLO Ltd.                                                                       | CUSIP: 26253QAJ0<br>LEI: 254900M9WDNRF1Z3T669 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1496605.95   | 0.43%             | 2038-04-15      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| EQT CORP                                     | EQT Corp.                                                                                 | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    777000 | PA      | $765128.22    | 0.22%             | 2026-05-15      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| Eaton Vance CDO Ltd                          | Eaton Vance CLO 2019-1 Ltd.                                                               | CUSIP: 27830XAU0<br>LEI: 5493007R7GEORNX00105 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1498589.39   | 0.43%             | 2037-07-15      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| ENERSYS                                      | EnerSys                                                                                   | CUSIP: 29275YAC6<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |    303000 | PA      | $298693.46    | 0.09%             | 2027-12-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                  | Evergreen Credit Card Trust                                                               | CUSIP: 30023JCS5<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |    893000 | PA      | $892097.18    | 0.26%             | 2028-10-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                  | Evergreen Credit Card Trust                                                               | CUSIP: 30023JCT3<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |   1248000 | PA      | $1248237.12   | 0.36%             | 2028-10-15      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                    | IQVIA, Inc.                                                                               | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996416.00    | 0.29%             | 2027-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                     | JP Morgan Mortgage Trust Series 2025-HE1                                                  | CUSIP: 46593PAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    907784 | PA      | $906360.59    | 0.26%             | 2055-07-20      | Floating      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                     | JP Morgan Mortgage Trust 2023-HE3                                                         | CUSIP: 465985AC3<br>LEI: 5299007DSRZLE19EYU93 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1516684.50   | 0.43%             | 2054-05-20      | Floating      | 6.80%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co.                                                                      | CUSIP: 46647PEN2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2006022.00   | 0.58%             | 2028-10-22      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                  | Evergreen Credit Card Trust                                                               | CUSIP: 30023JCY2<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |    314000 | PA      | $316832.28    | 0.09%             | 2029-05-15      | Fixed         | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Exeter Automobile Receivables                | Exeter Automobile Receivables Trust 2022-2                                                | CUSIP: 30166QAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    909000 | PA      | $905879.40    | 0.26%             | 2028-07-17      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                | Exeter Automobile Receivables Trust 2022-1                                                | CUSIP: 30167JAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    783552 | PA      | $776339.25    | 0.22%             | 2028-06-15      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                  | Extended Stay America Trust 2021-ESH                                                      | CUSIP: 30227FAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2144319 | PA      | $2145659.55   | 0.62%             | 2038-07-15      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P               | Freddie Mac Multifamily Structured Pass-Through Certificates                              | CUSIP: 3137BJP80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    109436 | PA      | $8.86         | 0.00%             | 2043-04-25      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P               | Freddie Mac Multifamily Structured Pass-Through Certificates                              | CUSIP: 3137BLWB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    900000 | PA      | $2434.50      | 0.00%             | 2043-10-25      | Variable      | 1.61%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P               | Freddie Mac Multifamily Structured Pass-Through Certificates                              | CUSIP: 3137BMTZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1100000 | PA      | $7698.90      | 0.00%             | 2044-01-25      | Variable      | 1.67%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P               | Freddie Mac Multifamily Structured Pass-Through Certificates                              | CUSIP: 3137FNX88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1721882 | PA      | $124139.08    | 0.04%             | 2046-09-25      | Variable      | 2.09%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T               | Ellington Financial Mortgage Trust 2020-2                                                 | CUSIP: 31573WAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85282 | PA      | $80075.47     | 0.02%             | 2065-10-25      | Variable      | 1.49%                 | Yes           |                  2 | On Loan: No      |
| Ellington Financial Mortgage T               | Ellington Financial Mortgage Trust 2020-1                                                 | CUSIP: 31574PAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1918667 | PA      | $1880168.95   | 0.54%             | 2065-05-25      | Variable      | 3.15%                 | Yes           |                  2 | On Loan: No      |
| HP ENTERPRISE CO                             | Hewlett Packard Enterprise Co.                                                            | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994392.00    | 0.29%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                        | Amrize Finance U.S. LLC                                                                   | CUSIP: 43475RAA4<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003955.00   | 0.29%             | 2027-04-07      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| HPEFS Equipment Trust                        | HPEFS Equipment Trust 2023-2                                                              | CUSIP: 44328UAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008847.00   | 0.29%             | 2031-01-21      | Fixed         | 6.48%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                                   | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991839.00    | 0.28%             | 2027-09-24      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                                   | CUSIP: 44891ADS3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998394.00    | 0.29%             | 2027-03-25      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                    | IQVIA, Inc.                                                                               | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    510000 | PA      | $509474.70    | 0.15%             | 2026-10-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ING GROEP NV                                 | ING Groep N.V.                                                                            | CUSIP: 456837BP7<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1800000 | PA      | $1801177.20   | 0.52%             | 2029-03-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                 | ING Groep N.V.                                                                            | CUSIP: 456837BQ5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1010065.00   | 0.29%             | 2029-03-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                      | International Game Technology PLC                                                         | CUSIP: 460599AF0<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1488000 | PA      | $1487098.27   | 0.43%             | 2026-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                       | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC                | CUSIP: 013092AF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $394486.80    | 0.11%             | 2026-03-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                     | JP Morgan Mortgage Trust Series 2024-HE3                                                  | CUSIP: 46658JAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    493333 | PA      | $495316.69    | 0.14%             | 2055-02-25      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| KINDER MORGAN INC                            | Kinder Morgan, Inc.                                                                       | CUSIP: 49456BBB6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1020833.00   | 0.29%             | 2030-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Commercial Mort               | LCCM 2017-LC26                                                                            | CUSIP: 50190DAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1675000 | PA      | $1636533.63   | 0.47%             | 2050-07-12      | Fixed         | 3.55%                 | Yes           |                  2 | On Loan: No      |
| Life Financial Services Trust                | Life 2021-BMR Mortgage Trust                                                              | CUSIP: 53218CAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1050000 | PA      | $1036799.40   | 0.30%             | 2038-03-15      | Floating      | 6.78%                 | Yes           |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust                | MHC Commercial Mortgage Trust 2021-MHC                                                    | CUSIP: 55316VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    480000 | PA      | $480000.00    | 0.14%             | 2038-04-15      | Floating      | 7.03%                 | Yes           |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                     | MassMutual Global Funding II                                                              | CUSIP: 57629TBW6<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005895.00   | 0.29%             | 2028-03-27      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                     | MassMutual Global Funding II                                                              | CUSIP: 57629W4S6<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1016178.00   | 0.29%             | 2027-04-09      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Mill City Mortgage Trust                     | Mill City Mortgage Trust 2015-1                                                           | CUSIP: 599809CN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1275000 | PA      | $1240976.63   | 0.36%             | 2056-06-25      | Variable      | 3.80%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                       | Morgan Stanley Bank N.A.                                                                  | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1015463.00   | 0.29%             | 2029-01-12      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                       | Morgan Stanley Bank N.A.                                                                  | CUSIP: 61690U8E3<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    665000 | PA      | $672941.43    | 0.19%             | 2028-07-14      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                       | Morgan Stanley Bank N.A.                                                                  | CUSIP: 61690U8F0<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2001084.00   | 0.57%             | 2027-10-15      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                    | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32                               | CUSIP: 61691GAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $987302.00    | 0.28%             | 2049-12-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                            | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1020944.00   | 0.29%             | 2030-01-16      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                                   | NBN Co., Ltd.                                                                             | CUSIP: 62878U2H4<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $993593.00    | 0.28%             | 2027-10-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| NMLT Trust                                   | NLT 2021-INV2 Trust                                                                       | CUSIP: 62917JAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1216575 | PA      | $1065636.59   | 0.31%             | 2056-08-25      | Variable      | 1.52%                 | Yes           |                  2 | On Loan: No      |
| NYC Trust                                    | NYCT Trust 2024-3ELV                                                                      | CUSIP: BHM2S8CV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1005275.00   | 0.29%             | 2029-08-15      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                      | National Bank of Canada                                                                   | CUSIP: 63307A3G8<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2000298.00   | 0.57%             | 2027-03-05      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                   | Navient Private Education Refi Loan Trust 2019-C                                          | CUSIP: 63940YAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1880836.00   | 0.54%             | 2068-02-15      | Fixed         | 3.67%                 | Yes           |                  2 | On Loan: No      |
| NETFLIX INC                                  | Netflix, Inc.                                                                             | CUSIP: 64110LAN6<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502494.50    | 0.14%             | 2026-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                     | Neuberger Berman CLO XVI-S Ltd.                                                           | CUSIP: 64131TAW4<br>LEI: 549300UHUHCR3388B324 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1994952.60   | 0.57%             | 2039-04-15      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                            | American Builders & Contractors Supply Co., Inc.                                          | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    750000 | PA      | $733774.50    | 0.21%             | 2028-01-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| American Express Credit Accoun               | American Express Credit Account Master Trust                                              | CUSIP: 02582JKH2<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |   2687000 | PA      | $2740369.19   | 0.79%             | 2029-04-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                | New Jersey Transportation Trust Fund Authority                                            | CUSIP: 64613CEZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002336.00   | 0.29%             | 2026-06-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                | New Residential Mortgage Loan Trust 2020-NQM1                                             | CUSIP: 64830VAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     81598 | PA      | $77099.07     | 0.02%             | 2060-01-26      | Variable      | 2.72%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                     | Angel Oak Mortgage Trust 2019-5                                                           | CUSIP: 03464KAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    133419 | PA      | $131620.96    | 0.04%             | 2049-10-25      | Variable      | 2.92%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                     | Angel Oak Mortgage Trust 2020-4                                                           | CUSIP: 03464LAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    724446 | PA      | $688716.32    | 0.20%             | 2065-06-25      | Variable      | 3.80%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                     | Angel Oak Mortgage Trust 2020-1                                                           | CUSIP: 03464RAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    116901 | PA      | $113654.92    | 0.03%             | 2059-12-25      | Variable      | 2.77%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                     | Angel Oak Mortgage Trust 2019-6                                                           | CUSIP: 03464VAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     68158 | PA      | $66925.06     | 0.02%             | 2059-11-25      | Variable      | 2.93%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                     | Angel Oak Mortgage Trust 2020-5                                                           | CUSIP: 03464WAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    222544 | PA      | $214756.89    | 0.06%             | 2065-05-25      | Variable      | 2.04%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                     | Angel Oak Mortgage Trust 2020-R1                                                          | CUSIP: 034651AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1789448.00   | 0.51%             | 2053-04-25      | Variable      | 3.67%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                     | Angel Oak Mortgage Trust 2020-3                                                           | CUSIP: 03465LAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1332800 | PA      | $1244343.40   | 0.36%             | 2065-04-25      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO Ltd                               | Apidos CLO XI                                                                             | CUSIP: 03763YBW5<br>LEI: 549300XIP4V1NMCICV93 | Long             | ABS-CBDO         | CORP              | KY        |   1052632 | PA      | $1051801.58   | 0.30%             | 2034-04-17      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO Ltd                               | Apidos CLO XXXIV                                                                          | CUSIP: 03768WAQ8<br>LEI: 5493001VH1Y9SEPJKZ47 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001128.10   | 0.29%             | 2035-01-20      | Floating      | 6.18%                 | Yes           |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                        | Arroyo Mortgage Trust 2019-2                                                              | CUSIP: 042858AD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1290192 | PA      | $1200544.30   | 0.34%             | 2049-04-25      | Variable      | 4.76%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                     | Avolon Holdings Funding Ltd.                                                              | CUSIP: 05401AAW1<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $1005593.00   | 0.29%             | 2028-01-15      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| BFLD Trust                                   | BFLD Trust 2020-EYP                                                                       | CUSIP: 05493AAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $0.00         | 0.00%             | 2035-10-15      | Floating      | 7.38%                 | Yes           |                  3 | On Loan: No      |
| Bank of America Credit Card Tr               | BA Credit Card Trust                                                                      | CUSIP: 05522RDJ4<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |   2333000 | PA      | $2367302.10   | 0.68%             | 2029-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                              | BAE Systems PLC                                                                           | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1024752.00   | 0.29%             | 2029-03-26      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                     | BX Commercial Mortgage Trust 2021-VINO                                                    | CUSIP: 05608KAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    980000 | PA      | $979694.24    | 0.28%             | 2038-05-15      | Floating      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                     | BX 2021-MFM1                                                                              | CUSIP: 05608VAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $699781.60    | 0.20%             | 2034-01-15      | Floating      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                     | BX Commercial Mortgage Trust 2021-SOAR                                                    | CUSIP: 05608WAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1402780 | PA      | $1403219.56   | 0.40%             | 2038-06-15      | Floating      | 6.78%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                     | BX Trust 2021-LBA                                                                         | CUSIP: 05609BAP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1191750.00   | 0.34%             | 2036-02-15      | Floating      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                     | BX Trust 2021-LBA                                                                         | CUSIP: 05609BBK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    948972 | PA      | $942447.54    | 0.27%             | 2036-02-15      | Floating      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                     | BX Commercial Mortgage Trust 2021-XL2                                                     | CUSIP: 05609KAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1050000 | PA      | $1050328.65   | 0.30%             | 2038-10-15      | Floating      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                     | BX 2021-LBA3 Mortgage Trust                                                               | CUSIP: 05609PAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1492500.00   | 0.43%             | 2036-10-15      | Floating      | 6.82%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                     | BX Commercial Mortgage Trust 2021-VOLT                                                    | CUSIP: 05609VAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    775062 | PA      | $771429.78    | 0.22%             | 2036-09-15      | Floating      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                     | BX Commercial Mortgage Trust 2022-LP2                                                     | CUSIP: 05610HAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    770000 | PA      | $767593.76    | 0.22%             | 2039-02-15      | Floating      | 6.92%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                     | BX Commercial Mortgage Trust 2024-XL5                                                     | CUSIP: 05612GAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    777081 | PA      | $778052.55    | 0.22%             | 2041-03-15      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FirstKey Homes 2020-SFR1 Trust               | FirstKey Homes 2020-SFR1 Trust                                                            | CUSIP: 33767MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    875000 | PA      | $868229.25    | 0.25%             | 2037-08-17      | Fixed         | 1.94%                 | Yes           |                  2 | On Loan: No      |
| FirstKey Homes 2020-SFR1 Trust               | FirstKey Homes 2020-SFR1 Trust                                                            | CUSIP: 33767MAN5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1575000 | PA      | $1566884.03   | 0.45%             | 2037-08-17      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                 | Ford Credit Auto Owner Trust 2022-C                                                       | CUSIP: 34535AAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    580000 | PA      | $583495.08    | 0.17%             | 2030-03-15      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co. LLC                                                                 | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1191984.00   | 0.34%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                 | GS Mortgage Securities Trust 2016-GS4                                                     | CUSIP: 36251XAR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1439000 | PA      | $1413716.77   | 0.41%             | 2049-11-10      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                 | GS Mortgage Securities Trust 2017-GS7                                                     | CUSIP: 36254CAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1610000 | PA      | $1565364.36   | 0.45%             | 2050-08-10      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                 | GS Mortgage Securities Trust 2018-GS9                                                     | CUSIP: 36255NAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1064938 | PA      | $1042125.63   | 0.30%             | 2051-03-10      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note                                                               | CUSIP: 91282CKE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10075390.00  | 2.89%             | 2027-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note                                                               | CUSIP: 91282CKH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $5013720.00   | 1.44%             | 2026-03-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                              | United States Treasury Note                                                               | CUSIP: 91282CLC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10092190.00  | 2.89%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                              | Venture 36 Clo Ltd.                                                                       | CUSIP: 92332LAY5<br>LEI: 549300AZL7IWJJ04HD37 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500776.10   | 0.43%             | 2032-04-20      | Floating      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                     | Vertiv Group Corp.                                                                        | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243680.00    | 0.07%             | 2028-11-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Vibrant CLO Ltd                              | Vibrant CLO XI Ltd.                                                                       | CUSIP: 92558NAN2<br>LEI: 5493008IYL3HLPE46G85 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000596.00   | 0.57%             | 2032-07-20      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                       | VICI Properties LP / VICI Note Co., Inc.                                                  | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $795018.40    | 0.23%             | 2026-12-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                     | Volkswagen Group of America Finance LLC                                                   | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001970.00   | 0.29%             | 2026-08-14      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU               | WFRBS Commercial Mortgage Trust 2014-C22                                                  | CUSIP: 92890KBE4<br>LEI: 549300FCX3YXSYSLU895 | Long             | ABS-MBS          | CORP              | US        |   6400000 | PA      | $24352.00     | 0.01%             | 2057-09-15      | Variable      | 0.45%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU               | WFRBS Commercial Mortgage Trust 2014-C21                                                  | CUSIP: 92939FBB4<br>LEI: 5493000F7E2NMQ4HIO61 | Long             | ABS-MBS          | CORP              | US        |   2842323 | PA      | $6184.89      | 0.00%             | 2047-08-15      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag               | Wells Fargo Commercial Mortgage Trust 2015-LC22                                           | CUSIP: 94989TBC7<br>LEI: 549300XO83D3BDYP0P62 | Long             | ABS-MBS          | CORP              | US        |   1152610 | PA      | $17.29        | 0.00%             | 2058-09-15      | Variable      | 0.76%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag               | Wells Fargo Commercial Mortgage Trust 2016-LC24                                           | CUSIP: 95000HBF8<br>LEI: 5493007OD9MH69ES1S63 | Long             | ABS-MBS          | CORP              | US        |   1169986 | PA      | $1148127.15   | 0.33%             | 2049-10-15      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag               | Wells Fargo Commercial Mortgage Trust 2016-LC25                                           | CUSIP: 95000JAV0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1475394.00   | 0.42%             | 2059-12-15      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag               | Wells Fargo Commercial Mortgage Trust 2016-NXS6                                           | CUSIP: 95000KBB0<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1467903.00   | 0.42%             | 2049-11-15      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co.                                                                         | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025630.00   | 0.29%             | 2031-01-24      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co.                                                                         | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013993.00   | 0.29%             | 2029-04-23      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag               | Wells Fargo Commercial Mortgage Trust 2019-C50                                            | CUSIP: 95001XBB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $479762.00    | 0.14%             | 2052-05-15      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable               | Westlake Automobile Receivables Trust 2021-2                                              | CUSIP: 96042RAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1274000 | PA      | $1267716.63   | 0.36%             | 2027-03-15      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| Westlake Automobile Receivable               | Westlake Automobile Receivables Trust 2021-3                                              | CUSIP: 96043JAN5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1830000 | PA      | $1818134.28   | 0.52%             | 2027-04-15      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                     | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                 | CUSIP: 00774MBN4<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1009864.00   | 0.29%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-11

**Name of Applicant:** INVESTMENT MANAGERS SERIES TRUST

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President