# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-26-011804
**Filing Date:** 2026-3
**Character Count:** 157213
**Document Hash:** 61e0d2a28ea87670803a62f4370a53e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-011804.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0000940400-26-011804

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 26805789

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Absolute Return Bond Fund (Series ID: S000047032)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000146994 | Payden Absolute Return Bond Fund (Investor Class) | PYARX           |
| C000146996 | Payden Absolute Return Bond Fund (SI Class)       | PYAIX           |
| C000248247 | Payden Absolute Return Bond Fund (Adviser Class)  | PYABX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

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

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

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

- **a. Name of Series:** Payden Absolute Return Bond Fund

- **b. EDGAR series identifier (if any):** S000047032

- **c. LEI of Series:** 549300Y00UG1BOK6J419

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-30

**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:** $730322601.19

**Total Liabilities:** $57480165.57

**Net Assets:** $672842435.62

**Delayed Delivery Securities:** $13042100.00

**Cash Not Reported:** $12711232.86

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 117.00000000 | **5-Year:** 6859.00000000 | **10-Year:** 34145.00000000 | **30-Year:** 52404.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 15659.00000000 | **5-Year:** 25297.00000000 | **10-Year:** 36578.00000000 | **30-Year:** 25507.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000146994 | 0.51%                | 0.59%                | 0.53%                |
| Class ID C000146996 | 0.63%                | 0.50%                | 0.65%                |
| Class ID C000248247 | 0.59%                | 0.57%                | 0.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1428889.64              | $-151655.44                                |
| Month 2  | $356126.60               | $-595364.28                                |
| Month 3  | $1093152.39              | $2245624.56                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HSBC SECURITIES (USA) INC.                          | PEN/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-38404.97    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | CHF/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-212746.02   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                            | Madison Park Funding LVII Ltd                                         | CUSIP: 55822GAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2700000 | PA      | $2705113.80   | 0.40%             | 2034-07-27      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                                     | Murphy Oil Corp                                                       | CUSIP: 626717AQ5<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2143242.40   | 0.32%             | 2034-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Driven Brands Funding, LLC                          | Driven Brands Funding LLC                                             | CUSIP: 26209XAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    698250 | PA      | $697902.13    | 0.10%             | 2055-10-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                                     | Allegro CLO XII Ltd                                                   | CUSIP: 01750TAN6<br>LEI: 254900E0ZQX4DLP7HF87 | Long             | ABS-CBDO         | CORP              | KY        |   3250000 | PA      | $3257153.25   | 0.48%             | 2037-07-21      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                             | United Rentals North America Inc                                      | CUSIP: 911365BS2<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $2074869.19   | 0.31%             | 2033-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                      | Santander Bank Auto Credit-Linked Notes Series 2022-C                 | CUSIP: 80290CBL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2483606.24   | 0.37%             | 2032-12-15      | Fixed         | 18.06%                | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2024-NQM8 Trust                                                   | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |   1228222 | PA      | $1246524.33   | 0.19%             | 2064-05-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| Cologix Data Centers Issuer LL                      | Cologix Canadian Issuer LP                                            | CUSIP: 19521DAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   3200000 | PA      | $2323956.96   | 0.35%             | 2052-01-25      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                             | Hyundai Capital America                                               | CUSIP: 44891AED5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1207711.14   | 0.18%             | 2029-01-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                   | Clean Harbors Inc                                                     | CUSIP: 184496AR8<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1185839.00   | 0.18%             | 2033-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | USD/EUR FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-867.20      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ALBANIA                                 | Albania Government International Bond                                 | CUSIP: 000000000<br>LEI: 254900EDM43U3SGRND29 | Long             | DBT              | NUSS              | AL        |   1700000 | PA      | $2053035.69   | 0.31%             | 2035-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DBC 2025-DBC Mortgage Trust                         | DBC 2025-DBC Mortgage Trust                                           | CUSIP: 23306HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1425000 | PA      | $1429643.22   | 0.21%             | 2042-11-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne                      | Oak Street Investment Grade Net Lease Fund Series 2021-1              | CUSIP: 67190AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    693875 | PA      | $464848.72    | 0.07%             | 2051-01-20      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Fortress CBO Investments Ltd                        | FORT CRE 2022-FL3 Issuer LLC                                          | CUSIP: 34706CAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2075308 | PA      | $2080961.22   | 0.31%             | 2039-02-23      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2024-NQM14 Trust                                                  | CUSIP: 67119XAC8<br>LEI: 254900C7ZCEHM7Y5MX79 | Long             | ABS-MBS          | CORP              | US        |   1111636 | PA      | $1116057.22   | 0.17%             | 2064-09-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-B    | SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-B                      | CUSIP: 802824AD4<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       100 | NS      | $2870411.00   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                              | Clearway Energy Operating LLC                                         | CUSIP: 18539UAG0<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2158848.41   | 0.32%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                            | Republic of South Africa Government International Bond                | CUSIP: 836205BH6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   2000000 | PA      | $1943735.00   | 0.29%             | 2037-12-11      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BX Trust                                            | BX Trust 2025-VLT7                                                    | CUSIP: 123913AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2550000 | PA      | $2571681.12   | 0.38%             | 2044-07-15      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                        | ARES XLIV CLO Ltd                                                     | CUSIP: 04016NBH5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8100000 | PA      | $8104122.90   | 1.20%             | 2034-04-15      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | BRL/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-24288.13    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                                | FS Rialto 2026-FL11 Issuer LLC                                        | CUSIP: 30343TAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1525000 | PA      | $1530000.48   | 0.23%             | 2044-01-19      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| TORY Commercial Mortgage Trust                      | TORY Commercial Mortgage Trust 2026-HGTS                              | CUSIP: 89148WAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2400000 | PA      | $2404047.84   | 0.36%             | 2046-01-13      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                      | Morgan Stanley                                                        | CUSIP: 61748UAM4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1268266.47   | 0.19%             | 2031-10-22      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                         | Ivory Coast Government International Bond                             | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   1350000 | PA      | $1579542.79   | 0.23%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BX Trust                                            | BX Commercial Mortgage Trust 2024-AIRC                                | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1452646 | PA      | $1457723.27   | 0.22%             | 2041-08-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| C&W SENIOR FINANCE LTD                              | C&W Senior Finance Ltd                                                | CUSIP: 12665MAA0<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | KY        |   1425000 | PA      | $1483829.70   | 0.22%             | 2033-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE                                 | Turkiye Government International Bond                                 | CUSIP: 900123DU1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1635000 | PA      | $1620936.17   | 0.24%             | 2038-01-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CPPIB OVM MEMBER US LLC                             | CPPIB OVM MEMBER US LLC                                               | CUSIP: 12673CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    691253 | PA      | $692919.16    | 0.10%             | 2031-08-20      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                             | TALEN ENERGY SUPPLY LLC                                               | CUSIP: 87422LBA7<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |   1075000 | PA      | $1076612.50   | 0.16%             | 2032-11-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                             | Romanian Government International Bond                                | CUSIP: 77586RAY6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    850000 | PA      | $877710.00    | 0.13%             | 2030-09-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | USD/AUD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1321147.03   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                               | Uber Technologies Inc                                                 | CUSIP: 90353TAT7<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    800000 | PA      | $793316.24    | 0.12%             | 2031-01-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                     | Cigna Group/The                                                       | CUSIP: 125523CX6<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    525000 | PA      | $528654.06    | 0.08%             | 2030-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                | Cross 2025-H1 Mortgage Trust                                          | CUSIP: 22758NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2010244 | PA      | $2037578.41   | 0.30%             | 2070-02-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2025-NQM10 Trust                                                  | CUSIP: 67121LAA4<br>LEI: 254900NDJVO62R77II89 | Long             | ABS-MBS          | CORP              | US        |   4016548 | PA      | $4066325.72   | 0.60%             | 2065-05-25      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Payden Emerging Markets Local Bond Fund             | Payden Emerging Markets Local Bond Fund                               | CUSIP: 70432T867<br>LEI: 549300ZRY78UEWJB7K76 | Long             | EC               | RF                | US        |   2042302 | NS      | $20361747.34  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                               | AECOM                                                                 | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1742681.90   | 0.26%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Juniper Valley Park CLO, Ltd                        | Juniper Valley Park CLO Ltd                                           | CUSIP: 48206KAY2<br>LEI: 213800ACSV8GAJ4CCO70 | Long             | ABS-CBDO         | CORP              | JE        |   2275000 | PA      | $2281149.33   | 0.34%             | 2036-07-20      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| MIC Glen LLC                                        | MIC GLEN LLC                                                          | CUSIP: 55304PAH4<br>LEI: 549300XD843A2SP50882 | Long             | LON              | CORP              | US        |   1444422 | PA      | $1450741.07   | 0.22%             | 2028-07-21      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUI                            | Viking Baked Goods Acquisition Corp                                   | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1563528.96   | 0.23%             | 2031-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                               | KKR Clo 25 Ltd                                                        | CUSIP: 48252UAU1<br>LEI: 549300MJB0YZ0QTQNZ45 | Long             | ABS-CBDO         | CORP              | KY        |   3100000 | PA      | $3092129.10   | 0.46%             | 2034-07-15      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                            | GBP/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $121737.34    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                          | Verus Securitization Trust 2024-R1                                    | CUSIP: 924926AA6<br>LEI: 213800A8V9BALJ9WKP38 | Long             | ABS-MBS          | CORP              | US        |   3017572 | PA      | $3030243.39   | 0.45%             | 2069-09-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                             | Goldman Sachs Group Inc/The                                           | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996098.17    | 0.15%             | 2037-01-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Penta CLO S.A.                                      | Penta CLO 11 DAC                                                      | CUSIP: 000000000<br>LEI: 5493006SWLDNT2XZHH97 | Long             | ABS-CBDO         | CORP              | IE        |   2800000 | PA      | $3318980.00   | 0.49%             | 2039-01-15      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                    | Cifc Funding 2023-III Ltd                                             | CUSIP: 12598YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.30%             | 2037-01-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                               | Tenet Healthcare Corp                                                 | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1339264.13   | 0.20%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                        | AGL CLO 39 Ltd                                                        | CUSIP: 00121XAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2316980.90   | 0.34%             | 2038-04-20      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                               | Guatemala Government Bond                                             | CUSIP: 401494BA6<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   2150000 | PA      | $2244621.50   | 0.33%             | 2036-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                                 | Hotwire Funding LLC                                                   | CUSIP: 44148JAB5<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   1775000 | PA      | $1744622.65   | 0.26%             | 2051-11-20      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| United Natural Foods Inc                            | UNITED NATURAL FOODS INC                                              | CUSIP: 91116KAD7<br>LEI: 549300GKGW6WPZ282D40 | Long             | LON              | CORP              | US        |   1029026 | PA      | $1036954.88   | 0.15%             | 2031-04-25      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                          | BFLD Commercial Mortgage Trust 2025-660F                              | CUSIP: 05556QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2050000 | PA      | $2060118.80   | 0.31%             | 2042-11-15      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                            | GBP/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-69246.87    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                     | AREIT 2025-CRE11                                                      | CUSIP: 04002DAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1775000 | PA      | $1778516.10   | 0.26%             | 2043-07-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                             | Romanian Government International Bond                                | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   1050000 | PA      | $1332581.22   | 0.20%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| DBC 2025-DBC Mortgage Trust                         | DBC 2025-DBC Mortgage Trust                                           | CUSIP: 23306HAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1925000 | PA      | $1932250.90   | 0.29%             | 2042-11-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                          | Verus Securitization Trust 2025-6                                     | CUSIP: 92540YAA7<br>LEI: 213800KZO2G8SSFFDH61 | Long             | ABS-MBS          | CORP              | US        |   1411763 | PA      | $1428365.49   | 0.21%             | 2070-07-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| BX Trust                                            | BX Trust 2024-VLT4                                                    | CUSIP: 05612TAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1625000 | PA      | $1628404.38   | 0.24%             | 2041-06-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                      | CVR Energy Inc                                                        | CUSIP: 12662PAJ7<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    800000 | PA      | $794510.37    | 0.12%             | 2034-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                               | Freedom Mortgage Holdings LLC                                         | CUSIP: 35641AAD0<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1684051.05   | 0.25%             | 2033-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                                   | EMRLD BORROWER LP                                                     | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |   4065629 | PA      | $4065527.52   | 0.60%             | 2031-08-04      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                            | Neuberger Berman Loan Advisers CLO 41 Ltd                             | CUSIP: 64134BAJ9<br>LEI: 549300RYH1PYRU661D66 | Long             | ABS-CBDO         | CORP              | KY        |   5275000 | PA      | $5275791.25   | 0.78%             | 2034-04-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP                              | HA Sustainable Infrastructure Capital Inc                             | CUSIP: 41068XAG5<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1127890.00   | 0.17%             | 2056-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                   | EURO-BUXL 30Y BND                                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -60 | NC      | $64934.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA TOWER TRUST                                     | SBA Tower Trust                                                       | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3924281.60   | 0.58%             | 2026-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ALBANIA                                 | Albania Government International Bond                                 | CUSIP: 000000000<br>LEI: 254900EDM43U3SGRND29 | Long             | DBT              | NUSS              | AL        |    775000 | PA      | $935942.74    | 0.14%             | 2035-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                            | Brazil Notas do Tesouro Nacional Serie F                              | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |  44000000 | PA      | $7480844.43   | 1.11%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BKV UPSTREAM MIDSTREAM L                            | BKV Upstream Midstream LLC                                            | CUSIP: 05619CAA3<br>LEI: 254900LG75NBYHBBAU18 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1469277.75   | 0.22%             | 2030-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TXNM ENERGY INC                                     | TXNM Energy Inc                                                       | CUSIP: 69349HAJ6<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | DBT              | CORP              | US        |    975000 | PA      | $985301.85    | 0.15%             | 2056-07-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2025-NQM2 Trust                                                   | CUSIP: 67120VAA3<br>LEI: 2549006BC0G3YEF5SL09 | Long             | ABS-MBS          | CORP              | US        |   6061376 | PA      | $6137552.25   | 0.91%             | 2064-11-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2025-NQM20 Trust                                                  | CUSIP: 67126GAC6<br>LEI: 254900Y8CC35WOVR8295 | Long             | ABS-MBS          | CORP              | US        |   1561055 | PA      | $1570618.42   | 0.23%             | 2065-10-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                               | Mexico Government International Bond                                  | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1425000 | PA      | $1689798.37   | 0.25%             | 2036-05-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                    | Fannie Mae Connecticut Avenue Securities                              | CUSIP: 30711XDY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |   2287960 | PA      | $2408090.63   | 0.36%             | 2029-04-25      | Floating      | 13.06%                | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                  | Meta Platforms Inc                                                    | CUSIP: 30303MAB8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499250.81    | 0.07%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                    | S&P500 EMINI                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       -53 | NC      | $-64262.50    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Octagon 57 Ltd                                      | Octagon 57 Ltd                                                        | CUSIP: 67592XAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3600000 | PA      | $3604687.20   | 0.54%             | 2034-10-15      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Solstice Advanced Materials Inc                     | SOLSTICE ADVANCED MATERIALS INC                                       | CUSIP: 83443PAC9<br>LEI: 2138004GZ4H9TW6HK435 | Long             | LON              | CORP              | US        |   1600000 | PA      | $1609504.00   | 0.24%             | 2032-10-29      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST                                  | Century Plaza Towers 2019-CPT                                         | CUSIP: 12654YAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1550000 | PA      | $1369891.24   | 0.20%             | 2039-11-13      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                            | BX Commercial Mortgage Trust 2025-BCAT                                | CUSIP: 12433HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1197856 | PA      | $1200981.26   | 0.18%             | 2042-08-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Commercial Mort                      | LCCM 2017-LC26                                                        | CUSIP: 50190DAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3734039 | PA      | $48369.24     | 0.01%             | 2050-07-12      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                 | Freddie Mac STACR REMIC Trust 2021-DNA7                               | CUSIP: 35564KNE5<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |   1825000 | PA      | $1916624.49   | 0.28%             | 2041-11-25      | Floating      | 11.50%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                 | Freddie Mac STACR REMIC Trust 2024-HQA2                               | CUSIP: 35564NDY6<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | CORP              | US        |   2082500 | PA      | $2091357.69   | 0.31%             | 2044-08-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST 2022-2      | UNITED AUTO CREDIT SECURITIZATION TRUST 2022-2                        | CUSIP: 90944KAG0<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        85 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Qnity Electronics, Inc.                             | QNITY ELECTRONICS INC                                                 | CUSIP: 74737SAB9<br>LEI: 254900RSUG4J9TFFZX53 | Long             | LON              | CORP              | US        |   1500000 | PA      | $1508910.00   | 0.22%             | 2032-11-01      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Fr Br Holdings, L.L.C.                              | FR BR HOLDINGS LLC                                                    | CUSIP: 30260XAD1<br>LEI: 549300FJFG2CK1VX3Y85 | Long             | LON              | CORP              | US        |   1870312 | PA      | $1884339.84   | 0.28%             | 2030-10-09      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                            | USD/EUR FORWARD                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-159689.82   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Omnia Partners, LLC                                 | OMNIA PARTNERS LLC                                                    | CUSIP: 68218HAE7<br>LEI: 254900ZD1P5CVG9GOS22 | Long             | LON              | CORP              | US        |   1240609 | PA      | $1243636.39   | 0.18%             | 2032-12-13      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| TESCO CORP TREASURY SERV                            | Tesco Corporate Treasury Services PLC                                 | CUSIP: 000000000<br>LEI: 21380018AJDKNF3A6712 | Long             | DBT              | CORP              | GB        |   1650000 | PA      | $1964624.28   | 0.29%             | 2032-05-06      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BOPARAN FINANCE PLC                                 | Boparan Finance PLC                                                   | CUSIP: 000000000<br>LEI: 213800GQSQIOBR3DHN70 | Long             | DBT              | CORP              | GB        |    810000 | PA      | $1183250.90   | 0.18%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                      | Bombardier Inc                                                        | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1595000 | PA      | $1676294.33   | 0.25%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                             | TRTX 2025-FL7 Issuer Ltd                                              | CUSIP: 87277LAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1125000 | PA      | $1127827.13   | 0.17%             | 2043-06-18      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                        | ARES LII CLO Ltd                                                      | CUSIP: 04009AAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    904477 | PA      | $904546.81    | 0.13%             | 2031-04-22      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                               | QUIKRETE HOLDING 01/30/32                                             | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   2607054 | PA      | $2609830.23   | 0.39%             | 2032-02-10      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Juniper Receivables DAC                             | Juniper Receivables 2021-2 DAC                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |        10 | NS      | $129370.00    | 0.02%             | 2029-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                     | United States Treasury Note/Bond                                      | CUSIP: 91282CPE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12600000 | PA      | $12592125.00  | 1.87%             | 2027-10-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                             | Beach Acquisition Bidco LLC                                           | CUSIP: 07337JAE7<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    725000 | PA      | $882012.08    | 0.13%             | 2032-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                        | COP/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-117073.29   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                            | BX 2025-BIO3 Mortgage Trust                                           | CUSIP: 123911AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3950000 | PA      | $4042210.78   | 0.60%             | 2042-02-10      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                    | Connecticut Avenue Securities Trust 2024-R02                          | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    374609 | PA      | $375134.28    | 0.06%             | 2044-02-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| GRUPPO SAN DONATO SPA                               | Gruppo San Donato SPA                                                 | CUSIP: 000000000<br>LEI: 8156003649DB0704FC22 | Long             | DBT              | CORP              | IT        |   1125000 | PA      | $1352768.09   | 0.20%             | 2031-10-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VanEck J. P. Morgan EM Local Currency Bond ETF      | VanEck J. P. Morgan EM Local Currency Bond ETF                        | CUSIP: 92189H300<br>LEI: 549300CNWPR88MZBEA63 | Long             | EC               | RF                | US        |    377461 | NS      | $9927224.30   | 1.48%             |  |  |  | No            |                  1 | On Loan: —       |
| HP ENTERPRISE CO                                    | Hewlett Packard Enterprise Co                                         | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1231352.00   | 0.18%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                            | Antero Midstream Partners LP / Antero Midstream Finance Corp          | CUSIP: 03690AAN6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2374994.60   | 0.35%             | 2034-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | iShares iBoxx $ Investment Grade Corporate Bond ETF                   | CUSIP: 464287242<br>LEI: 549300FYCXFXG8POR355 | Long             | EC               | RF                | US        |     84760 | NS      | $9371913.20   | 1.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Avenue of Americas                                  | 1301 Trust 2025-AOA                                                   | CUSIP: 682461AJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1178891.34   | 0.18%             | 2042-08-11      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| DBC 2025-DBC Mortgage Trust                         | DBC 2025-DBC Mortgage Trust                                           | CUSIP: 23306HAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1650000 | PA      | $1655520.08   | 0.25%             | 2042-11-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                      | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM8              | CUSIP: 61779QAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3574872 | PA      | $3591996.45   | 0.53%             | 2070-09-25      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                            | USD/CAD FORWARD                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-23452.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                            | EUR/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $596842.42    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                      | Galaxy XXII CLO Ltd                                                   | CUSIP: 36320TBM4<br>LEI: 54930022KENWLYJ8SJ86 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3500000.00   | 0.52%             | 2034-04-16      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                               | Sri Lanka Government International Bond                               | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |   1200000 | PA      | $1189697.23   | 0.18%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                         | Extended Stay America Trust 2026-ESH2                                 | CUSIP: 30227WAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1325000 | PA      | $1333788.99   | 0.20%             | 2043-02-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education Inc                           | MCGRAW-HILL EDUCATION                                                 | CUSIP: 58063DAG8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | LON              | CORP              | US        |   3312650 | PA      | $3332840.47   | 0.50%             | 2031-08-06      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                 | JPMorgan Chase & Co                                                   | CUSIP: 46647PFD3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    930000 | PA      | $925559.14    | 0.14%             | 2031-10-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Terex Corporation                                   | TEREX CORP                                                            | CUSIP: 88078FBQ0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | LON              | CORP              | US        |    928211 | PA      | $931881.69    | 0.14%             | 2031-10-08      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                    | COLT 2025-8 Mortgage Loan Trust                                       | CUSIP: 19689DAC3<br>LEI: 2138009IZ4NQZAKAEN75 | Long             | ABS-MBS          | CORP              | US        |   1977639 | PA      | $2002716.55   | 0.30%             | 2070-08-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                      | Wells Fargo Commercial Mortgage Trust 2018-C46                        | CUSIP: 95001QAV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4768289 | PA      | $72321.12     | 0.01%             | 2051-08-15      | Variable      | 0.90%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                        | Synopsys Inc                                                          | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    850000 | PA      | $861979.29    | 0.13%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                    | Connecticut Avenue Securities Trust 2022-R01                          | CUSIP: 20754LAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    875000 | PA      | $908501.39    | 0.14%             | 2041-12-25      | Floating      | 9.70%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.         | US 2YR NOTE (CBT)                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      1536 | NC      | $-364169.74   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| BDS Ltd                                             | BDS 2025-FL15 LLC                                                     | CUSIP: 05556EAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2600000 | PA      | $2605899.66   | 0.39%             | 2043-03-19      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| LETRA TESOURO NACIONAL                              | Brazil Letras do Tesouro Nacional                                     | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        | 186000000 | PA      | $34580882.85  | 5.14%             | 2026-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Madison Iaq LLC                                     | MADISON IAQ LLC                                                       | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   2282124 | PA      | $2285844.21   | 0.34%             | 2028-06-21      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                              | CCO Holdings LLC / CCO Holdings Capital Corp                          | CUSIP: 1248EPCV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $751544.23    | 0.11%             | 2036-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DOBANK SPA                                          | doValue SpA                                                           | CUSIP: 000000000<br>LEI: 8156007AF7DB5FE05555 | Long             | DBT              | CORP              | IT        |   1150000 | PA      | $1404353.10   | 0.21%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                               | Toronto-Dominion Bank/The                                             | CUSIP: 89115KAE0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    530000 | PA      | $531190.43    | 0.08%             | 2028-10-13      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                  | Ally Financial Inc                                                    | CUSIP: 02005NCA6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006985.16   | 0.15%             | 2033-07-31      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                             | Goldman Sachs Group Inc/The                                           | CUSIP: 38145GAP5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2902701.09   | 0.43%             | 2029-01-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2024-NQM12 Trust                                                  | CUSIP: 67448PAA1<br>LEI: 254900MY906NOBBPOA44 | Long             | ABS-MBS          | CORP              | US        |   1445608 | PA      | $1458972.34   | 0.22%             | 2064-07-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| EDGE FINCO PLC                                      | Edge Finco PLC                                                        | CUSIP: 000000000<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |   1050000 | PA      | $1537652.13   | 0.23%             | 2031-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | USD/EUR FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-61652.45    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HIH Trust                                           | HIH Trust 2024-61P                                                    | CUSIP: 40444VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2809736 | PA      | $2820064.69   | 0.42%             | 2041-10-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                    | Connecticut Avenue Securities Trust 2025-R02                          | CUSIP: 20754TAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1540105 | PA      | $1542328.86   | 0.23%             | 2045-02-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Evergreen AcqCo 1 LP                                | EVERGREEN ACQCO 1 LP                                                  | CUSIP: 30015FAJ5<br>LEI: 549300F6POVHG3ME8T95 | Long             | LON              | CORP              | US        |   1778892 | PA      | $1785562.35   | 0.27%             | 2032-09-17      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                     | Star Parent Inc                                                       | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1347320.55   | 0.20%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                | Cross 2025-H6 Mortgage Trust                                          | CUSIP: 22758TAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2710818 | PA      | $2731086.33   | 0.41%             | 2070-07-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                      | SWCH Commercial Mortgage Trust 2025-DATA                              | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3750000 | PA      | $3728597.63   | 0.55%             | 2042-02-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE INC                             | CRH America Finance Inc                                               | CUSIP: 12636YAE2<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    775000 | PA      | $802497.83    | 0.12%             | 2034-05-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Lightning Power, LLC                                | LIGHTNING POWER LLC                                                   | CUSIP: 53229LAB3<br>LEI: 254900BWCHJ03XRL8K59 | Long             | LON              | CORP              | US        |    814688 | PA      | $816927.89    | 0.12%             | 2031-08-18      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                      | BRAVO Residential Funding Trust 2025-NQM6                             | CUSIP: 10570MAC4<br>LEI: 254900U9H6FFPW4O4S55 | Long             | ABS-MBS          | CORP              | US        |   2065304 | PA      | $2088432.88   | 0.31%             | 2065-06-25      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                        | ADT Security Corp/The                                                 | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1318687.03   | 0.20%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.         | US 10YR ULTRA                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -342 | NC      | $364790.93    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL                      | JPMorgan Chase Bank NA - CACLN                                        | CUSIP: 46591HBW9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    402652 | PA      | $409415.51    | 0.06%             | 2028-09-25      | Fixed         | 28.35%                | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                                  | BSPRT 2025-FL12 Issuer LLC                                            | CUSIP: 05619BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2250000 | PA      | $2255660.55   | 0.34%             | 2043-01-17      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                    | Connecticut Avenue Securities Trust 2022-R02                          | CUSIP: 20754BAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5963000 | PA      | $6159459.38   | 0.92%             | 2042-01-25      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                    | Connecticut Avenue Securities Trust 2021-R01                          | CUSIP: 20754RAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3330000 | PA      | $3435900.66   | 0.51%             | 2041-10-25      | Floating      | 9.70%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2025-NQM19 Trust                                                  | CUSIP: 67449LAA9<br>LEI: 2549003HKVOL66FLG606 | Long             | ABS-MBS          | CORP              | US        |   3970681 | PA      | $3984992.06   | 0.59%             | 2065-10-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                    | Connecticut Avenue Securities Trust 2025-R02                          | CUSIP: 20754TAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3400000 | PA      | $3414284.08   | 0.51%             | 2045-02-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                               | Amrize Finance US LLC                                                 | CUSIP: 43475RAR7<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    675000 | PA      | $691260.59    | 0.10%             | 2030-04-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BUBBLES BIDCO SPA                                   | Bubbles Bidco SPA                                                     | CUSIP: 000000000<br>LEI: 815600073942740CEB24 | Long             | DBT              | CORP              | IT        |    550000 | PA      | $671154.14    | 0.10%             | 2031-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                 | Nigeria Government International Bond                                 | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |   1400000 | PA      | $1656228.24   | 0.25%             | 2034-12-09      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN                            | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp    | CUSIP: 559665AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2348198.76   | 0.35%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                        | USD/JPY FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-46358.05    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                              | Egypt Government International Bond                                   | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   1400000 | PA      | $1653381.90   | 0.25%             | 2030-04-16      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2025-NQM6 Trust                                                   | CUSIP: 67448UAC6<br>LEI: 254900W46UQEWQMYYZ02 | Long             | ABS-MBS          | CORP              | US        |   1927657 | PA      | $1952540.62   | 0.29%             | 2065-03-25      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| HCA INC                                             | HCA Inc                                                               | CUSIP: 404119DF3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1473710.99   | 0.22%             | 2035-11-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                    | Colt 2024-7 Mortgage Loan Trust                                       | CUSIP: 19688YAA2<br>LEI: 213800EA95GXXC9AJO50 | Long             | ABS-MBS          | CORP              | US        |   2129390 | PA      | $2152151.60   | 0.32%             | 2069-12-26      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                                   | Battalion CLO X Ltd                                                   | CUSIP: 07132JBL7<br>LEI: 549300RRK5G3IT4Y7N27 | Long             | ABS-CBDO         | CORP              | KY        |   1996355 | PA      | $1997640.51   | 0.30%             | 2035-01-24      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                         | RCKT Mortgage Trust 2025-CES5                                         | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-MBS          | CORP              | US        |    840266 | PA      | $853086.83    | 0.13%             | 2055-05-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                              | American Honda Finance Corp                                           | CUSIP: 02665WGR6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    925000 | PA      | $927363.35    | 0.14%             | 2029-01-08      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                            | Ford Motor Credit Co LLC                                              | CUSIP: 345397H89<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1618769.30   | 0.24%             | 2035-10-31      | Fixed         | 5.87%                 | No            |                  2 | On Loan: —       |
| JP Morgan Mortgage Trust                            | JP Morgan Mortgage Trust 2017-5                                       | CUSIP: 46590YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20158 | PA      | $20504.72     | 0.00%             | 2048-10-26      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                               | KKR CLO 26 Ltd                                                        | CUSIP: 48253HAW5<br>LEI: 549300S5YSR4S7FFS332 | Long             | ABS-CBDO         | CORP              | KY        |   3050000 | PA      | $3050594.75   | 0.45%             | 2034-10-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                        | ZAR/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-384690.47   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                      | Bravo Residential Funding Trust 2025-NQM10                            | CUSIP: 10570BAE4<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |   1950349 | PA      | $1955236.14   | 0.29%             | 2065-09-25      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-C    | SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-C                      | CUSIP: 80281HAD6<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       100 | NS      | $1129554.32   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                             | Romanian Government International Bond                                | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    500000 | PA      | $634562.48    | 0.09%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                               | Duke Energy Carolinas LLC                                             | CUSIP: 26442CBP8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    175000 | PA      | $180121.20    | 0.03%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                 | Freddie Mac STACR REMIC Trust 2021-HQA4                               | CUSIP: 35564KPN3<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2045742.00   | 0.30%             | 2041-12-25      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Hologic, Inc.                                       | HOPPER MERGER SUB INC                                                 | CUSIP: 000000000<br>LEI: 9845009E9B4548A5N478 | Long             | LON              | CORP              | US        |   1450000 | PA      | $1441213.00   | 0.21%             | 2033-01-14      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable                      | Westlake Automobile Receivables Trust 2023-4                          | CUSIP: 96041AAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2025000 | PA      | $2097998.62   | 0.31%             | 2029-07-16      | Fixed         | 7.19%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                    | CIFC Funding 2023-II Ltd                                              | CUSIP: 125488AL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1775000 | PA      | $1775000.00   | 0.26%             | 2037-01-21      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                              | Santander Holdings USA Inc                                            | CUSIP: 80282KBM7<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    925000 | PA      | $949067.28    | 0.14%             | 2030-09-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                            | Republic of South Africa Government International Bond                | CUSIP: 836205BJ2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    675000 | PA      | $656434.97    | 0.10%             | 2055-12-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | USD/HUF FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-92881.70    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| DGWD Trust                                          | DGWD Trust 2025-INFL                                                  | CUSIP: 23347FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2450000 | PA      | $2463790.56   | 0.37%             | 2035-08-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                             | Hungary Government International Bond                                 | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   2225000 | PA      | $2690234.67   | 0.40%             | 2034-06-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                         | RCKT Mortgage Trust 2025-CES2                                         | CUSIP: 74942BAA9<br>LEI: 2549001985H26N17CK52 | Long             | ABS-MBS          | CORP              | US        |   1546907 | PA      | $1564349.68   | 0.23%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Genmab A/S                                          | GENMAB A/S                                                            | CUSIP: 37231EAB8<br>LEI: 529900MTJPDPE4MHJ122 | Long             | LON              | CORP              | DK        |   1025000 | PA      | $1030032.75   | 0.15%             | 2032-12-12      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                        | Barclays PLC                                                          | CUSIP: 06738EDD4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    725000 | PA      | $729687.71    | 0.11%             | 2029-11-11      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Lackawanna Energy Center LLC                        | LACKAWANNA ENERGY CENTER                                              | CUSIP: 000000000<br>LEI: 549300IW2LJBNY42EC59 | Long             | LON              | CORP              | US        |   2201562 | PA      | $2217798.66   | 0.33%             | 2032-08-05      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                 | Petroleos Mexicanos                                                   | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2275000 | PA      | $1805611.08   | 0.27%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                       | Citigroup Inc                                                         | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    775000 | PA      | $709810.96    | 0.11%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                    | Connecticut Avenue Securities Trust 2021-R02                          | CUSIP: 20754KAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $671445.97    | 0.10%             | 2041-11-25      | Floating      | 9.90%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                         | Ivory Coast Government International Bond                             | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $216304.64    | 0.03%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                        | COP/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-91720.71    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                            | BX Trust 2025-VLT6                                                    | CUSIP: 12433KAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2300000 | PA      | $2303860.78   | 0.34%             | 2042-03-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                | Cross 2024-H8 Mortgage Trust                                          | CUSIP: 22757GAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3267178 | PA      | $3303134.82   | 0.49%             | 2069-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                      | Wells Fargo Commercial Mortgage Trust 2025-HI                         | CUSIP: 949933AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1550000 | PA      | $1556489.70   | 0.23%             | 2042-10-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                                  | Peru Government Bond                                                  | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |  25300000 | PA      | $8093035.49   | 1.20%             | 2035-08-12      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                | Fiesta Purchaser Inc                                                  | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1774662.75   | 0.26%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Raising Canes Restaurants LLC                       | RAISING CANE'S RESTAURAN                                              | CUSIP: 75101XAQ0<br>LEI: 254900V6ADXFWHYOED66 | Long             | LON              | CORP              | US        |   2600000 | PA      | $2596763.00   | 0.39%             | 2032-11-03      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| VRTX Trust                                          | VRTX Trust 2025-HQ                                                    | CUSIP: 91835XAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1825000 | PA      | $1861218.22   | 0.28%             | 2042-08-05      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                 | Freddie Mac Stacr Remic Trust 2025-Dna3                               | CUSIP: 35564UAS6<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-MBS          | CORP              | US        |   1925000 | PA      | $1929147.61   | 0.29%             | 2045-09-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Sound Point Euro CLO Funding                        | Sound Point Euro CLO I Funding DAC                                    | CUSIP: 000000000<br>LEI: 635400QLJRHTPJDQPY76 | Long             | ABS-CBDO         | CORP              | IE        |   2099366 | PA      | $2489831.67   | 0.37%             | 2034-05-25      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                               | Guatemala Government Bond                                             | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    925000 | PA      | $986373.75    | 0.15%             | 2037-02-06      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | NOK/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-152526.79   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TDF INFRASTRUCTURE SAS                              | TDF Infrastructure SASU                                               | CUSIP: 000000000<br>LEI: 969500BWNQ1B0PI06I59 | Long             | DBT              | CORP              | FR        |   1100000 | PA      | $1333154.51   | 0.20%             | 2031-10-23      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Madison Iaq LLC                                     | MADISON IAQ LLC                                                       | CUSIP: 55759VAE8<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    289873 | PA      | $290801.84    | 0.04%             | 2032-11-08      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                      | CVR Energy Inc                                                        | CUSIP: 12662PAH1<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    825000 | PA      | $824295.65    | 0.12%             | 2031-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2024-NQM13 Trust                                                  | CUSIP: 67119PAC5<br>LEI: 254900W2SY2Z6X7UAX78 | Long             | ABS-MBS          | CORP              | US        |    897261 | PA      | $901450.98    | 0.13%             | 2064-06-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2026-NQM1 Trust                                                   | CUSIP: 67123HAK9<br>LEI: 25490068H0VHV68K7086 | Long             | ABS-MBS          | CORP              | US        |   2834973 | PA      | $2843522.91   | 0.42%             | 2065-11-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                    | Connecticut Avenue Securities Trust 2022-R04                          | CUSIP: 20753YAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1775000 | PA      | $1926668.25   | 0.29%             | 2042-03-25      | Floating      | 13.20%                | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                      | BRAVO Residential Funding Trust 2025-NQM7                             | CUSIP: 10570TAP0<br>LEI: 254900I1LYOO3G3UAT10 | Long             | ABS-MBS          | CORP              | US        |   2842317 | PA      | $2872963.22   | 0.43%             | 2065-07-25      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                      | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM8              | CUSIP: 61779QAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2912093 | PA      | $2930904.54   | 0.44%             | 2070-09-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| iShares J.P. Morgan USD Emerging Markets Bond ETF   | iShares J.P. Morgan USD Emerging Markets Bond ETF                     | CUSIP: 464288281<br>LEI: 54930070R8WH6MNUJG74 | Long             | EC               | RF                | US        |    207937 | NS      | $20082555.46  | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                              | Republic of Uzbekistan International Bond                             | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    400000 | PA      | $403574.32    | 0.06%             | 2029-02-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | USD/HUF FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $113592.25    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Driven Brands Funding, LLC                          | Driven Brands Funding LLC                                             | CUSIP: 26209XAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1868184 | PA      | $1770054.59   | 0.26%             | 2051-10-20      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| VTR Commercial Mortgage Trust                       | VTR Commercial Mortgage Trust 2025-STEM                               | CUSIP: 92890YAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    950000 | PA      | $954427.57    | 0.14%             | 2039-10-13      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                         | Ivory Coast Government International Bond                             | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    600000 | PA      | $643454.65    | 0.10%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                             | Mexican Bonos                                                         | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        | 201930000 | PA      | $10915174.78  | 1.62%             | 2034-11-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                            | Prime Healthcare Services Inc                                         | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1042010.00   | 0.15%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| PAYDEN CASH RESERVES MONEY MARKET                   | PAYDEN CASH RESERVES MONEY MARKET                                     | CUSIP: BYM4G6FJ5<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  16319455 | NS      | $16319454.72  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Oak Street Investment Grade Ne                      | Oak Street Investment Grade Net Lease Fund Series 2020-1              | CUSIP: 67181DAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2575083 | PA      | $1703217.54   | 0.25%             | 2050-11-20      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| DURST Commercial Mortgage Trus                      | Durst Commercial Mortgage Trust 2025-151                              | CUSIP: 266895AE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1475000 | PA      | $1506383.87   | 0.22%             | 2042-08-10      | Variable      | 6.02%                 | No            |                  2 | On Loan: No      |
| Tharaldson Hotel Portfolio Tru                      | THPT 2023-THL Mortgage Trust                                          | CUSIP: 87252LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2452622 | PA      | $2501139.76   | 0.37%             | 2034-12-10      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 44                      | Octagon Investment Partners 44 Ltd                                    | CUSIP: 67577LAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2200000 | PA      | $2198900.00   | 0.33%             | 2034-10-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                    | 3 MONTH SOFR                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       635 | NC      | $-29913.26    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                        | BRL/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1406168.00  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                | Alpha Generation LLC                                                  | CUSIP: 02073LAC5<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201418.80    | 0.03%             | 2034-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                      | BRAVO Residential Funding Trust 2025-NQM2                             | CUSIP: 10569NAC5<br>LEI: 254900TZWRKTBX2YNW23 | Long             | ABS-MBS          | CORP              | US        |   1476554 | PA      | $1496098.98   | 0.22%             | 2064-11-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                    | Connecticut Avenue Securities Trust 2025-R04                          | CUSIP: 20755TAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2450000 | PA      | $2464090.93   | 0.37%             | 2045-05-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                               | Argentine Republic Government International Bond                      | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   1250000 | PA      | $970000.00    | 0.14%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                            | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1468621.00   | 0.22%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                     | SBA Tower Trust                                                       | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2249966.84   | 0.33%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust                       | Life 2022-BMR Mortgage Trust                                          | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1750523.58   | 0.26%             | 2039-05-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                            | Vistra Operations Co LLC                                              | CUSIP: 92840VAZ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995089.60    | 0.15%             | 2036-01-31      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| JUNIPER RECEIVABLES 2023-1 DAC                      | JUNIPER RECEIVABLES 2023-1 DAC                                        | CUSIP: 481941102<br>LEI: 635400VPHEPHO9HXX694 | Long             | EC               | CORP              | IE        |        10 | NS      | $181007.65    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Buckhorn Park CLO, Ltd.                             | Buckhorn Park CLO Ltd                                                 | CUSIP: 118382BA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2200000 | PA      | $2204257.00   | 0.33%             | 2034-07-18      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | GBP/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $94294.73     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                              | General Motors Financial Co Inc                                       | CUSIP: 37045XFN1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    900000 | PA      | $904229.38    | 0.13%             | 2036-01-08      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                       | TRANSDIGM INC                                                         | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1088945 | PA      | $1089668.87   | 0.16%             | 2031-02-28      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                   | Post Holdings Inc                                                     | CUSIP: 737446AY0<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1502263.10   | 0.22%             | 2036-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                 | COMM 2025-SBX Mortgage Trust                                          | CUSIP: 20047UAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2400000 | PA      | $2410367.04   | 0.36%             | 2041-08-10      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| BX Trust                                            | BX Trust 2025-VLT6                                                    | CUSIP: 12433KAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2200000 | PA      | $2204491.52   | 0.33%             | 2042-03-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                      | Opal Bidco SAS                                                        | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   1400000 | PA      | $1706204.84   | 0.25%             | 2032-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Biomarin Pharmaceutical Inc.                        | BIOMARIN PHARMACEUTICAL INC                                           | CUSIP: 000000000<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | LON              | CORP              | US        |   1675000 | PA      | $1679187.50   | 0.25%             | 2033-01-28      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Highbridge Loan Management Ltd                      | HPS Loan Management 2021-16 Ltd                                       | CUSIP: 40440XAL5<br>LEI: 529900WV2JMUABMCHN18 | Long             | ABS-CBDO         | CORP              | KY        |   2475000 | PA      | $2475564.30   | 0.37%             | 2035-01-23      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                               | QXO Building Products Inc                                             | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    575000 | PA      | $593063.63    | 0.09%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                    | Fannie Mae Connecticut Avenue Securities                              | CUSIP: 30711XCR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |   1304998 | PA      | $1335049.43   | 0.20%             | 2028-10-25      | Floating      | 15.56%                | No            |                  2 | On Loan: No      |
| ICE FUTURES EUROPE                                  | LONG GILT                                                             | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |       -11 | NC      | $-1534.08     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NRTH PARK Mortgage Trust                            | NRTH Commercial Mortgage Trust 2025-PARK                              | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3125000 | PA      | $3139061.88   | 0.47%             | 2040-10-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                               | Guatemala Government Bond                                             | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   1090000 | PA      | $1088430.40   | 0.16%             | 2027-06-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                        | Voya CLO 2020-1 Ltd                                                   | CUSIP: 92918EAU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8000000 | PA      | $8001384.00   | 1.19%             | 2034-07-16      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| FRESSNAPF HOLDING SE                                | Fressnapf Holding SE                                                  | CUSIP: 000000000<br>LEI: 529900NLSO3VLFW8JQ35 | Long             | DBT              | CORP              | DE        |   1400000 | PA      | $1672961.31   | 0.25%             | 2031-10-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                | ALPHA GENERATION LLC                                                  | CUSIP: 000000000<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |   1286603 | PA      | $1286847.79   | 0.19%             | 2031-09-30      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| ARCHROCK SERVICES/PARTNE                            | Archrock Services LP / Archrock Partners Finance Corp                 | CUSIP: 03958CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1599544.80   | 0.24%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                                | Boots Group Finco LP                                                  | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    950000 | PA      | $1164245.65   | 0.17%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                        | Novelis Corp                                                          | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1238558.85   | 0.18%             | 2033-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Information Management LLC            | IRON MOUNTAIN INC                                                     | CUSIP: 46284NAV1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | LON              | CORP              | US        |   1309045 | PA      | $1300451.50   | 0.19%             | 2031-01-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                               | Blue Owl Capital Corp                                                 | CUSIP: 69121KAE4<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198930.45    | 0.03%             | 2026-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | USD/NOK FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $233395.83    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2025-NQM3 Trust                                                   | CUSIP: 67448YAC8<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-MBS          | CORP              | US        |   1921575 | PA      | $1948180.15   | 0.29%             | 2064-12-01      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                               | Wells Fargo & Co                                                      | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1913843.19   | 0.28%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                | Flutter Treasury DAC                                                  | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |   1050000 | PA      | $1462178.33   | 0.22%             | 2031-06-04      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                                    | VB-S1 Issuer LLC - VBTEL                                              | CUSIP: 91823ABE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1020510.00   | 0.15%             | 2054-05-15      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                       | DTE Energy Co                                                         | CUSIP: 233331BP1<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1246309.39   | 0.19%             | 2035-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                               | AADVANTAGELOYALTYIPLTD                                                | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    417895 | PA      | $419200.66    | 0.06%             | 2032-05-28      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| CORPORACION INMOBILIARIA                            | Corp Inmobiliaria Vesta SAB de CV                                     | CUSIP: 21989DAB8<br>LEI: 4469000001BIRIFZJ959 | Long             | DBT              | CORP              | MX        |   2100000 | PA      | $2096115.00   | 0.31%             | 2033-01-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Static                       | Golub Capital Partners Static 2024-1 Ltd                              | CUSIP: 381929AN8<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-CBDO         | CORP              | KY        |   1623188 | PA      | $1624143.87   | 0.24%             | 2035-07-20      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Payden Cash Reserves Money Market Fund              | Payden Cash Reserves Money Market Fund                                | CUSIP: 704329598<br>LEI: 549300SI0EB26HO5RT16 | Long             | STIV             | RF                | US        |   6855305 | NS      | $6855304.64   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAVO Residential Funding Trus                      | Bravo Residential Funding Trust Series 2025-NQM1                      | CUSIP: 10569MAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2323335 | PA      | $2348638.84   | 0.35%             | 2064-12-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                        | USD/ZAR FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $14744.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                             | Surgery Center Holdings Inc                                           | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1527215.08   | 0.23%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                      | Galaxy XXII CLO Ltd                                                   | CUSIP: 36320TBD4<br>LEI: 54930022KENWLYJ8SJ86 | Long             | ABS-CBDO         | CORP              | KY        |   3270502 | PA      | $3270501.70   | 0.49%             | 2034-04-16      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Leia Finco US LLC                                   | LEIA FINCO US LLC                                                     | CUSIP: 52526CAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    669938 | PA      | $654723.22    | 0.10%             | 2031-10-09      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| DURST Commercial Mortgage Trus                      | Durst Commercial Mortgage Trust 2025-151                              | CUSIP: 266895AG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1725000 | PA      | $1780714.74   | 0.26%             | 2042-08-10      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                                 | Hotwire Funding LLC                                                   | CUSIP: 44148JAM1<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $777222.38    | 0.12%             | 2054-06-20      | Fixed         | 9.19%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                              | Republic of Uzbekistan International Bond                             | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    900000 | PA      | $843298.37    | 0.13%             | 2030-11-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AmWINS Group Inc                                    | AMWINS GROUP INC                                                      | CUSIP: 03234TBB3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |   3400000 | PA      | $3397807.00   | 0.50%             | 2032-01-30      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                      | Bravo Residential Funding Trust 2025-Nqm3                             | CUSIP: 105927AC1<br>LEI: 254900KREJHICFBDC014 | Long             | ABS-MBS          | CORP              | US        |   1000237 | PA      | $1011165.08   | 0.15%             | 2065-03-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| BX Trust                                            | BX Trust 2025-VOLT                                                    | CUSIP: 05619PAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2475000 | PA      | $2492561.12   | 0.37%             | 2044-12-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                          | Verus Securitization Trust 2025-2                                     | CUSIP: 92540VAA3<br>LEI: 213800TTP1CNX4WER720 | Long             | ABS-MBS          | CORP              | US        |   1478530 | PA      | $1492079.15   | 0.22%             | 2070-03-25      | Variable      | 5.31%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                     | CDS CDX.NA.HY.45.V1                                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $2600389.42   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2025-NQM3 Trust                                                   | CUSIP: 67448YAE4<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-MBS          | CORP              | US        |   1681378 | PA      | $1701667.31   | 0.25%             | 2064-12-01      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                              | General Motors Financial Co Inc                                       | CUSIP: 37045XEZ5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    925000 | PA      | $940116.99    | 0.14%             | 2029-10-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                              | Canyon Capital CLO 2021-1 Ltd                                         | CUSIP: 13877EAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $7002394.00   | 1.04%             | 2034-04-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL                            | Viper Energy Partners LLC                                             | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    875000 | PA      | $891292.50    | 0.13%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Lo                      | Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd                | CUSIP: 03880RAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1650000 | PA      | $1654303.37   | 0.25%             | 2036-11-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| JDAC 2022-1 R1                                      | JDAC 2022-1 R1                                                        | CUSIP: 48204X100<br>LEI: 635400RA2GEGV7HCP673 | Long             | EC               | CORP              | IE        |        10 | NS      | $129810.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                            | Republic of South Africa Government Bond                              | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |  94060000 | PA      | $6142527.14   | 0.91%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                             | Frontier Communications Holdings LLC                                  | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000613.00   | 0.15%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Element Solutions Inc.                              | ELEMENT SOLUTIONS INC                                                 | CUSIP: 000000000<br>LEI: 549300FLGN6P5CU20J91 | Long             | LON              | CORP              | US        |   1700000 | PA      | $1709035.50   | 0.25%             | 2030-12-18      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                                    | Ventas Realty LP                                                      | CUSIP: 92277GBC0<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1114617.96   | 0.17%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                    | S&P500 EMINI                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       -41 | NC      | $-72775.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae - CAS                                    | Fannie Mae Connecticut Avenue Securities                              | CUSIP: 30711XDB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    884356 | PA      | $920045.06    | 0.14%             | 2029-01-25      | Floating      | 14.06%                | No            |                  2 | On Loan: No      |
| Hologic, Inc.                                       | HOPPER MERGER SUB INC                                                 | CUSIP: 000000000<br>LEI: 9845009E9B4548A5N478 | Long             | LON              | CORP              | US        |    450000 | PA      | $534364.97    | 0.08%             | 2033-01-14      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                            | Standard Building Solutions Inc                                       | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1599308.60   | 0.24%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                 | Freddie Mac STACR REMIC Trust 2023-HQA1                               | CUSIP: 35564KY37<br>LEI: 5493000IRHY5YZIPQD14 | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1531107.20   | 0.23%             | 2043-05-25      | Floating      | 9.20%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding                      | Diamond Infrastructure Funding LLC                                    | CUSIP: 25265LAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | PA      | $1123510.21   | 0.17%             | 2049-04-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Dryden Leveraged Loan CDO                           | Dryden 39 Euro CLO 2015 DAC                                           | CUSIP: 000000000<br>LEI: 635400A5F6GDIM6HUG89 | Long             | ABS-CBDO         | CORP              | IE        |    650000 | PA      | $770830.38    | 0.11%             | 2035-04-15      | Floating      | 2.97%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                               | Wells Fargo & Co                                                      | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    950000 | PA      | $978457.53    | 0.15%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                    | Connecticut Avenue Securities Trust 2025-R02                          | CUSIP: 20754TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2866126 | PA      | $2869941.90   | 0.43%             | 2045-02-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| NRTH PARK Mortgage Trust                            | NRTH Commercial Mortgage Trust 2025-PARK                              | CUSIP: 669985AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1809649.08   | 0.27%             | 2040-10-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2025-NQM5 Trust                                                   | CUSIP: 67121EAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3617104 | PA      | $3663313.83   | 0.54%             | 2065-03-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                   | EURO-BOBL                                                             | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |      -196 | NC      | $-78886.97    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| COLT Funding LLC                                    | COLT 2025-8 Mortgage Loan Trust                                       | CUSIP: 19689DAA7<br>LEI: 2138009IZ4NQZAKAEN75 | Long             | ABS-MBS          | CORP              | US        |   1294883 | PA      | $1311016.85   | 0.19%             | 2070-08-25      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| Diamond Issuer LLC                                  | Diamond Issuer LLC                                                    | CUSIP: 25267TAS0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1938954.80   | 0.29%             | 2051-11-20      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.         | US 5YR NOTE (CBT)                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       271 | NC      | $-28280.26    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                        | RON/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-130422.51   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.         | US 10YR NOTE (CBT)                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -355 | NC      | $138332.57    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | AUD/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-33364.93    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.         | US LONG BOND(CBT)                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -165 | NC      | $24612.03     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | USD/EUR FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $43751.73     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                        | USD/BRL FORWARD                                                       | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-78711.01    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                        | COP/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-16981.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                    | S&P500 EMINI                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        41 | NC      | $136837.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                        | JPY/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-42572.34    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                    | S&P500 EMINI                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        53 | NC      | $195437.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                   | EURO-SCHATZ                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       534 | NC      | $17736.01     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | USD/MXN FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-640654.30   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | EUR/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $128603.08    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                             | Romania Government Bond                                               | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |  37145000 | PA      | $9204354.87   | 1.37%             | 2030-04-29      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                   | Ghana Government International Bond                                   | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |   3609375 | PA      | $3543869.36   | 0.53%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                  | Dominican Republic International Bond                                 | CUSIP: 25714PFF0<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1625000 | PA      | $1620092.50   | 0.24%             | 2035-10-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| B&M EUROPEAN VALUE RET                              | B&M European Value Retail SA                                          | CUSIP: 000000000<br>LEI: 213800UK7ZRLY2K1X530 | Long             | DBT              | CORP              | LU        |    425000 | PA      | $572654.44    | 0.09%             | 2031-11-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SAGAX AB                                            | Sagax AB                                                              | CUSIP: 000000000<br>LEI: 549300LJX28T6OM8DT95 | Long             | DBT              | CORP              | SE        |   1800000 | PA      | $2218427.73   | 0.33%             | 2030-05-29      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate                       | Cantor Commercial Real Estate Lending 2019-CF1                        | CUSIP: 12529MAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14824265 | PA      | $373661.91    | 0.06%             | 2052-05-15      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                               | American Homes 4 Rent LP                                              | CUSIP: 02666TAK3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    325000 | PA      | $329291.27    | 0.05%             | 2030-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                              | Marriott International Inc/MD                                         | CUSIP: 571903BW2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    475000 | PA      | $475986.84    | 0.07%             | 2031-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                      | Santander Bank Auto Credit-Linked Notes Series 2022-C                 | CUSIP: 80290CBK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1066752 | PA      | $1084068.59   | 0.16%             | 2032-12-15      | Fixed         | 14.59%                | No            |                  2 | On Loan: No      |
| BX Trust                                            | BX Commercial Mortgage Trust 2025-BCAT                                | CUSIP: 12433HAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1988441 | PA      | $2000187.16   | 0.30%             | 2042-08-15      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                        | USD/PEN FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-4180.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                          | Verus Securitization Trust 2025-8                                     | CUSIP: 924930AC4<br>LEI: 213800K8E68XJS6Z1D09 | Long             | ABS-MBS          | CORP              | US        |   1900216 | PA      | $1906685.45   | 0.28%             | 2070-09-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                          | Verus Securitization Trust 2024-9                                     | CUSIP: 92540RAC8<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |   2849021 | PA      | $2879276.48   | 0.43%             | 2069-11-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                  | Energy Transfer LP                                                    | CUSIP: 29273VBK5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    675000 | PA      | $674528.67    | 0.10%             | 2036-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                               | Mexico Government International Bond                                  | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    400000 | PA      | $395300.00    | 0.06%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MKS INC                                             | MKS Inc                                                               | CUSIP: 000000000<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $3319643.80   | 0.49%             | 2034-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                    | Connecticut Avenue Securities Trust 2022-R03                          | CUSIP: 20753XAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2280000 | PA      | $2494439.93   | 0.37%             | 2042-03-25      | Floating      | 13.55%                | No            |                  2 | On Loan: No      |
| BROADCOM INC                                        | Broadcom Inc                                                          | CUSIP: 11135FCZ2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    800000 | PA      | $799742.75    | 0.12%             | 2031-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                | Republic of Uzbekistan International Bond                             | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   1800000 | PA      | $1948850.86   | 0.29%             | 2032-05-25      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                      | Carlyle Global Market Strategies CLO 2016-1 Ltd                       | CUSIP: 14312HBE5<br>LEI: 549300N3CJKPCWZ7KX23 | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2300388.70   | 0.34%             | 2034-04-20      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                 | Freddie Mac STACR REMIC Trust 2021-HQA3                               | CUSIP: 35564KKK4<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |   5950000 | PA      | $6035461.64   | 0.90%             | 2041-09-25      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | USD/SEK FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $21276.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                                    | VB-S1 Issuer LLC - VBTEL                                              | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2275378.04   | 0.34%             | 2052-02-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                             | TRTX 2025-FL7 Issuer Ltd                                              | CUSIP: 87277LAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1775000 | PA      | $1779398.45   | 0.26%             | 2043-06-18      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| DI Issuer LLC                                       | Lmdv Issuer Co LLC                                                    | CUSIP: 538908AA2<br>LEI: 254900A6HRP8XHJJGM20 | Long             | ABS-O            | CORP              | US        |   1425000 | PA      | $1434399.30   | 0.21%             | 2055-12-15      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust 2021-4 Class R           | Flagship Credit Auto Trust 2021-4 Class R                             | CUSIP: 33845A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       110 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aimco                                               | AIMCO CLO Series 2018-B                                               | CUSIP: 00900PAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1401600.20   | 0.21%             | 2037-04-16      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                             | Stagwell Global LLC                                                   | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1843719.15   | 0.27%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                         | Ivory Coast Government International Bond                             | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    917000 | PA      | $933148.20    | 0.14%             | 2028-03-03      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                              | Mexico City Airport Trust                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   1600000 | PA      | $1597560.00   | 0.24%             | 2026-10-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                 | Freddie Mac STACR REMIC Trust 2022-DNA2                               | CUSIP: 35564KSJ9<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1452040.52   | 0.22%             | 2042-02-25      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                          | BFLD Commercial Mortgage Trust 2025-660F                              | CUSIP: 05556QAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1425000 | PA      | $1433387.55   | 0.21%             | 2042-11-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                   | EURO-BUND                                                             | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |      -108 | NC      | $39515.02     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES INC                                   | EOG Resources Inc                                                     | CUSIP: 26875PAZ4<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513524.96    | 0.08%             | 2036-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ALMAVIVA THE ITALIAN INN                            | Almaviva-The Italian Innovation Co SpA                                | CUSIP: 000000000<br>LEI: 815600A862DA4DD9E211 | Long             | DBT              | CORP              | IT        |   1100000 | PA      | $1294296.43   | 0.19%             | 2030-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                  | Dominican Republic International Bond                                 | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1310000 | PA      | $1328340.00   | 0.20%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                             | Morgan Stanley Private Bank NA                                        | CUSIP: 61776NZW6<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1225735.32   | 0.18%             | 2031-11-19      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| KREF 2022-Fl3 Ltd                                   | KREF 2022-FL3 Ltd                                                     | CUSIP: 48275EAA4<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |   1114542 | PA      | $1115950.85   | 0.17%             | 2039-02-17      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Oak Hill European Credit Partn                      | OAK Hill European Credit Partners V Designated Activity Co            | CUSIP: 000000000<br>LEI: 635400RBBBEHFZ8TOH13 | Long             | ABS-CBDO         | CORP              | IE        |   2500000 | PA      | $2965031.53   | 0.44%             | 2035-01-21      | Floating      | 3.01%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                 | Freddie Mac STACR REMIC Trust 2021-HQA3                               | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |   2050000 | PA      | $2109603.55   | 0.31%             | 2041-09-25      | Floating      | 9.95%                 | No            |                  2 | On Loan: No      |
| NOVO BANCO SA                                       | Novo Banco SA                                                         | CUSIP: 000000000<br>LEI: 5493009W2E2YDCXY6S81 | Long             | DBT              | CORP              | PT        |    900000 | PA      | $1077922.51   | 0.16%             | 2031-01-22      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                 | Petroleos Mexicanos                                                   | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    127000 | PA      | $148789.81    | 0.02%             | 2027-04-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                      | BRAVO Residential Funding Trust 2024-NQM7                             | CUSIP: 105698AE4<br>LEI: 254900T3YTF92WA96N66 | Long             | ABS-MBS          | CORP              | US        |   1578951 | PA      | $1597687.37   | 0.24%             | 2064-10-27      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                          | USD/GBP FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-94660.46    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                            | Standard Building Solutions Inc                                       | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1406153.38   | 0.21%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                             | HCA Inc                                                               | CUSIP: 404119BW8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156386.98    | 0.02%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                            | Standard Building Solutions Inc                                       | CUSIP: 853192AA0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    825000 | PA      | $824743.34    | 0.12%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Henley CLO                                          | Henley CLO III DAC                                                    | CUSIP: 000000000<br>LEI: 635400GBWJ33C3GSJK66 | Long             | ABS-CBDO         | CORP              | IE        |   2500000 | PA      | $2965496.78   | 0.44%             | 2035-12-25      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                                | Carpenter Technology Corp                                             | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1701835.18   | 0.25%             | 2034-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                         | Ivory Coast Government International Bond                             | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    300000 | PA      | $321727.33    | 0.05%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| Transdigm                                           | TRANSDIGM GROUP INC                                                   | CUSIP: 89364MCE2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   2347375 | PA      | $2348267.00   | 0.35%             | 2032-08-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                            | ALLISON TRANSMISSION INC                                              | CUSIP: 01973KAJ5<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | LON              | CORP              | US        |   2660000 | PA      | $2670307.50   | 0.40%             | 2033-01-02      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT                               | Costa Rica Government International Bond                              | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    750000 | PA      | $822345.00    | 0.12%             | 2045-03-12      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| LoanCore 2018-CRE1 Issuer, Ltd                      | LoanCore 2025-CRE9 Issuer LLC                                         | CUSIP: 538912AE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1175000 | PA      | $1177171.17   | 0.17%             | 2042-08-18      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer