# EDGAR Filing Document

**Accession Number:** 0001864208
**File Stem:** 0000913181-25-000032
**Filing Date:** 2025-10
**Character Count:** 750697
**Document Hash:** e063afb86ebf5b1907b71dda73d7f63e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-25-000032.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0000913181-25-000032

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Guggenheim Active Allocation Fund
- **CENTRAL INDEX KEY:** 0001864208

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23702
- **FILM NUMBER:** 251421924

**BUSINESS ADDRESS:**
- **STREET 1:** 227 W. MONROE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 800-345-7999

**MAIL ADDRESS:**
- **STREET 1:** 227 W. MONROE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

## Nport-Ex

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 3.6%** | **COMMON STOCKS<sup>†</sup> - 3.6%** | **COMMON STOCKS<sup>†</sup> - 3.6%** |
| **Transport-Aircraft - 0.8%** | **Transport-Aircraft - 0.8%** | **Transport-Aircraft - 0.8%** |
| FTAI Aircraft Leasing Offshore SPV<sup>\*,†††</sup> | 5500000 | $4255168 |
| **Financial - 0.7%** | **Financial - 0.7%** | **Financial - 0.7%** |
| Invesco Ltd. | 29197 | 639122 |
| Fusion Buyer LLC<sup>\*,††</sup> | 15577 | 441343 |
| T. Rowe Price Group, Inc. | 3987 | 429081 |
| Lincoln National Corp. | 8597 | 369069 |
| Franklin Resources, Inc. | 9379 | 240665 |
| KeyCorp | 11155 | 215961 |
| Truist Financial Corp. | 4474 | 209473 |
| Essex Property Trust, Inc. REIT | 761 | 205630 |
| Healthpeak Properties, Inc. REIT | 7889 | 141529 |
| Alexandria Real Estate Equities, Inc. REIT | 1357 | 111871 |
| STAG Industrial, Inc. REIT | 2043 | 75285 |
| Contra Mallinckro<sup>\*,††</sup> | 582 | 56454 |
| First Financial Bankshares, Inc. | 1517 | 56387 |
| Terreno Realty Corp. REIT | 863 | 49855 |
| Valley National Bancorp | 4679 | 48942 |
| Broadstone Net Lease, Inc. REIT | 1850 | 34391 |
| Outfront Media, Inc. REIT | 1726 | 32242 |
| National Storage Affiliates Trust REIT | 949 | 30586 |
| LXP Industrial Trust REIT | 3282 | 29801 |
| Walker & Dunlop, Inc. | 341 | 29002 |
| Pacific Premier Bancorp, Inc. | 1095 | 26816 |
| HA Sustainable Infrastructure Capital, Inc. | 896 | 25303 |
| Stewart Information Services Corp. | 313 | 22799 |
| Trupanion, Inc.<sup>\*</sup> | 446 | 20677 |
| LendingClub Corp.<sup>\*</sup> | 1171 | 20118 |
| Cannae Holdings, Inc. | 994 | 18588 |
| Goosehead Insurance, Inc. — Class A | 211 | 17874 |
| MARA Holdings, Inc.<sup>\*</sup> | 1115 | 17817 |
| Triumph Financial, Inc.<sup>\*</sup> | 281 | 17279 |
| Virtus Investment Partners, Inc. | 85 | 17122 |
| Rocket Companies, Inc. — Class A | 963 | 17112 |
| Riot Platforms, Inc.<sup>\*</sup> | 1226 | 16870 |
| Innovative Industrial Properties, Inc. REIT | 292 | 16545 |
| Live Oak Bancshares, Inc. | 376 | 14547 |
| Hilltop Holdings, Inc. | 362 | 12699 |
| Veritex Holdings, Inc. | 278 | 9549 |
| LendingTree, Inc.<sup>\*</sup> | 136 | 9241 |
| Brandywine Realty Trust REIT | 1990 | 8477 |
| eXp World Holdings, Inc. | 736 | 7971 |
| MFA Financial, Inc. REIT | 649 | 6620 |
| Piedmont Realty Trust, Inc. — Class A REIT<sup>\*</sup> | 727 | 6158 |
| ConnectOne Bancorp, Inc. | 218 | 5581 |
| Safehold, Inc. REIT | 334 | 5498 |
| Centerspace REIT | 83 | 4938 |
| Capitol Federal Financial, Inc. | 762 | &nbsp;&nbsp;&nbsp;&nbsp;4938 |
| Renasant Corp. | 120 | 4696 |
| Metropolitan Bank Holding Corp. | 57 | 4525 |
| Redwood Trust, Inc. REIT | 675 | 4131 |
| Anywhere Real Estate, Inc.<sup>\*</sup> | 675 | 4124 |
| World Acceptance Corp.<sup>\*</sup> | 24 | 4114 |
| Plymouth Industrial REIT, Inc. | 182 | 4004 |
| Eagle Bancorp, Inc. | 185 | 3593 |
| TPG RE Finance Trust, Inc. REIT | 358 | 3347 |
| Northfield Bancorp, Inc. | 258 | 3057 |
| Global Medical REIT, Inc. | 351 | 2632 |
| Diamond Hill Investment Group, Inc. | 17 | 2478 |
| Industrial Logistics Properties Trust REIT | 380 | 2341 |
| Hingham Institution For Savings | 8 | 2273 |
| One Liberty Properties, Inc. REIT | 95 | 2270 |
| Community Healthcare Trust, Inc. REIT | 141 | 2173 |
| Southern First Bancshares, Inc.<sup>\*</sup> | 44 | 1984 |
| Alerus Financial Corp. | 89 | 1982 |
| Regional Management Corp. | 44 | 1929 |
| Waterstone Financial, Inc. | 128 | 1919 |
| West BanCorp, Inc. | 95 | 1896 |
| Civista Bancshares, Inc. | 88 | 1865 |
| City Office REIT, Inc. | 254 | 1760 |
| First Foundation, Inc.<sup>\*</sup> | 284 | 1690 |
| RBB Bancorp | 83 | 1679 |
| Mechanics Bancorp — Class A<sup>\*</sup> | 114 | 1581 |
| ARMOUR Residential REIT, Inc. REIT | 103 | 1577 |
| Citizens, Inc.<sup>\*</sup> | 297 | 1571 |
| Blue Foundry Bancorp<sup>\*</sup> | 167 | 1551 |
| Ready Capital Corp. REIT | 355 | 1512 |
| Invesco Mortgage Capital, Inc. REIT | 182 | 1423 |
| Douglas Elliman, Inc.<sup>\*</sup> | 449 | 1221 |
| Orchid Island Capital, Inc. REIT | 158 | 1115 |
| Signature Bank<sup>\*</sup> | 1846 | 1015 |
| Franklin Street Properties Corp. REIT | 595 | 988 |
| Oportun Financial Corp.<sup>\*</sup> | 124 | 820 |
| Seritage Growth Properties — Class A<sup>\*</sup> | 222 | 815 |
| B Riley Financial, Inc.<sup>\*</sup> | 118 | 650 |
| eHealth, Inc.<sup>\*</sup> | 145 | 561 |
| Kestrel Group Ltd.<sup>\*</sup> | 20 | 539 |
| Star Holdings<sup>\*</sup> | 60 | 521 |
| Rithm Property Trust, Inc. REIT | 129 | 332 |
| Finance of America Companies, Inc. — Class A<sup>\*</sup> | 10 | 267 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** | **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** | **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** |
| **Financial - 0.7% (continued)** | **Financial - 0.7% (continued)** | **Financial - 0.7% (continued)** |
| Silvergate Capital Corp. — Class A<sup>\*</sup> | 327 | $128 |
| Rafael Holdings, Inc. — Class B<sup>\*</sup> | 67 | 99 |
| Fathom Holdings, Inc.<sup>\*</sup> | 36 | 72 |
| Office Properties Income Trust REIT | 281 | 60 |
| Ashford Hospitality Trust, Inc. REIT<sup>\*</sup> | 10 | 60 |
| Pershing Square Tontine Holdings, Ltd. — Class A<sup>\*,†††,1</sup> | 329700 | 33 |
| Bitfarms Ltd.<sup>\*</sup> | 12 | 16 |
| First Republic Bank<sup>\*</sup> | 1594 | 3 |
| **Total Financial** |  | 3882818 |
| **Consumer, Cyclical - 0.6%** | **Consumer, Cyclical - 0.6%** | **Consumer, Cyclical - 0.6%** |
| Aptiv plc<sup>\*</sup> | 4627 | 367985 |
| Bath & Body Works, Inc. | 10922 | 319032 |
| Penn Entertainment, Inc.<sup>\*</sup> | 15035 | 304158 |
| Alimentation Couche-Tard Inc.<sup>†††</sup> | 23999 | 275389 |
| Caesars Entertainment, Inc.<sup>\*</sup> | 8165 | 218577 |
| Best Buy Company, Inc. | 2703 | 199049 |
| Ford Motor Co. | 15940 | 187614 |
| Pool Corp. | 578 | 179590 |
| NIKE, Inc. — Class B | 2085 | 161316 |
| CarMax, Inc.<sup>\*</sup> | 2577 | 158099 |
| Whirlpool Corp. | 1379 | 128454 |
| Target Corp. | 1235 | 118535 |
| Advance Auto Parts, Inc. | 1253 | 76421 |
| VF Corp. | 4779 | 72306 |
| Crocs, Inc.<sup>\*</sup> | 683 | 59558 |
| Signet Jewelers Ltd. | 620 | 54591 |
| Macy's, Inc. | 3538 | 46808 |
| Under Armour, Inc. — Class C<sup>\*</sup> | 9303 | 45771 |
| Under Armour, Inc. — Class A<sup>\*</sup> | 8161 | 40805 |
| Dana, Inc. | 1698 | 34232 |
| Wolverine World Wide, Inc. | 954 | 30471 |
| LCI Industries | 289 | 30467 |
| Goodyear Tire & Rubber Co.<sup>\*</sup> | 3229 | 27382 |
| American Eagle Outfitters, Inc. | 1778 | 23007 |
| National Vision Holdings, Inc.<sup>\*</sup> | 969 | 22229 |
| Sonos, Inc.<sup>\*</sup> | 1488 | 20713 |
| Papa John's International, Inc. | 387 | 18851 |
| MillerKnoll, Inc. | 872 | 18408 |
| Sally Beauty Holdings, Inc.<sup>\*</sup> | 1288 | 17852 |
| Cracker Barrel Old Country Store, Inc. | 278 | 16630 |
| LGI Homes, Inc.<sup>\*</sup> | 252 | 15601 |
| Gentherm, Inc.<sup>\*</sup> | 390 | 14340 |
| Fox Factory Holding Corp.<sup>\*</sup> | 493 | 14263 |
| Topgolf Callaway Brands Corp.<sup>\*</sup> | 1357 | 12973 |
| Lionsgate Studios Corp.<sup>\*</sup> | 1766 | 11355 |
| Camping World Holdings, Inc. — Class A | 489 | 8562 |
| Allegiant Travel Co. — Class A<sup>\*</sup> | 90 | 5639 |
| Standard Motor Products, Inc. | 124 | 4812 |
| Douglas Dynamics, Inc. | 134 | 4512 |
| Pursuit Attractions and Hospitality, Inc.<sup>\*</sup> | 120 | 4476 |
| Malibu Boats, Inc. — Class A<sup>\*</sup> | 121 | &nbsp;&nbsp;&nbsp;&nbsp;4017 |
| AMC Entertainment Holdings, Inc. — Class A<sup>\*</sup> | 1286 | 3614 |
| MarineMax, Inc.<sup>\*</sup> | 123 | 3241 |
| Sleep Number Corp.<sup>\*</sup> | 260 | 2738 |
| Sun Country Airlines Holdings, Inc.<sup>\*</sup> | 187 | 2478 |
| Zumiez, Inc.<sup>\*</sup> | 114 | 1960 |
| Citi Trends, Inc.<sup>\*</sup> | 47 | 1675 |
| Movado Group, Inc. | 91 | 1663 |
| Denny's Corp.<sup>\*</sup> | 362 | 1654 |
| Starz Entertainment Corp.<sup>\*</sup> | 117 | 1494 |
| Lovesac Co.<sup>\*</sup> | 76 | 1454 |
| Johnson Outdoors, Inc. — Class A | 31 | 1250 |
| Hyliion Holdings Corp.<sup>\*</sup> | 698 | 1172 |
| GrowGeneration Corp.<sup>\*</sup> | 647 | 1100 |
| iRobot Corp.<sup>\*</sup> | 315 | 1068 |
| OneWater Marine, Inc. — Class A<sup>\*</sup> | 61 | 1027 |
| Portillo's, Inc. — Class A<sup>\*</sup> | 136 | 963 |
| Superior Group of Companies, Inc. | 69 | 907 |
| American Outdoor Brands, Inc.<sup>\*</sup> | 84 | 877 |
| Fossil Group, Inc.<sup>\*</sup> | 284 | 869 |
| Children's Place, Inc.<sup>\*</sup> | 161 | 816 |
| EVI Industries, Inc. | 27 | 749 |
| Sportsman's Warehouse Holdings, Inc.<sup>\*</sup> | 259 | 694 |
| Playboy, Inc.<sup>\*</sup> | 337 | 553 |
| Blink Charging Co.<sup>\*</sup> | 428 | 505 |
| Cato Corp. — Class A<sup>\*</sup> | 117 | 481 |
| Purple Innovation, Inc.<sup>\*</sup> | 343 | 398 |
| PetMed Express, Inc.<sup>\*</sup> | 118 | 362 |
| Universal Electronics, Inc.<sup>\*</sup> | 74 | 359 |
| ONE Group Hospitality, Inc.<sup>\*</sup> | 123 | 343 |
| Vera Bradley, Inc.<sup>\*</sup> | 155 | 321 |
| Lifetime Brands, Inc. | 75 | 296 |
| Tilly's, Inc. — Class A<sup>\*</sup> | 135 | 266 |
| Regis Corp.<sup>\*</sup> | 12 | 265 |
| Mesa Air Group, Inc.<sup>\*</sup> | 204 | 253 |
| Torrid Holdings, Inc.<sup>\*</sup> | 103 | 224 |
| Traeger, Inc.<sup>\*</sup> | 177 | 223 |
| Big 5 Sporting Goods Corp.<sup>\*</sup> | 123 | 175 |
| Noodles & Co.<sup>\*</sup> | 242 | 172 |
| Duluth Holdings, Inc. — Class B<sup>\*</sup> | 72 | 163 |
| Nu Ride, Inc. — Class A<sup>\*</sup> | 60 | 128 |
| Brand House Collective, Inc.<sup>\*</sup> | 74 | 111 |
| Barnes & Noble Education, Inc.<sup>\*</sup> | 2 | 17 |
| F45 Training Holdings, Inc.<sup>\*</sup> | 176 | 14 |
| Aterian, Inc.<sup>\*</sup> | 12 | 11 |
| Workhorse Group, Inc.<sup>\*</sup> | 4 | 5 |
| Lazydays Holdings, Inc.<sup>\*</sup> | 1 | 4 |
| Nikola Corp.<sup>\*</sup> | 89 | 3 |
| Fisker, Inc.<sup>\*,†††</sup> | 1915 | 1 |
| Big Lots, Inc.<sup>\*</sup> | 354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Conn's, Inc.<sup>\*</sup> | 106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Shift Technologies, Inc.<sup>\*,†††</sup> | 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** | **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** | **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** |
| **Consumer, Cyclical - 0.6% (continued)** | **Consumer, Cyclical - 0.6% (continued)** | **Consumer, Cyclical - 0.6% (continued)** |
| Arcimoto, Inc.<sup>\*</sup> | 9 | $– |
| Canoo, Inc.<sup>\*</sup> | 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| EBET, Inc.<sup>\*</sup> | 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| LL Flooring Holdings, Inc.<sup>\*,†††</sup> | 170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| **Total Consumer, Cyclical** |  | 3413966 |
| **Technology - 0.5%** | **Technology - 0.5%** | **Technology - 0.5%** |
| Qorvo, Inc.<sup>\*</sup> | 5008 | 454226 |
| Paycom Software, Inc. | 1974 | 448394 |
| Zebra Technologies Corp. — Class A<sup>\*</sup> | 1317 | 417608 |
| IPG Photonics Corp.<sup>\*</sup> | 4423 | 361890 |
| Skyworks Solutions, Inc. | 4710 | 352967 |
| Dayforce, Inc.<sup>\*</sup> | 4165 | 290592 |
| Silicon Laboratories, Inc.<sup>\*</sup> | 444 | 59651 |
| SiTime Corp.<sup>\*</sup> | 188 | 45434 |
| Semtech Corp.<sup>\*</sup> | 756 | 43916 |
| Workiva, Inc.<sup>\*</sup> | 501 | 41202 |
| BlackLine, Inc.<sup>\*</sup> | 633 | 34416 |
| Ambarella, Inc.<sup>\*</sup> | 412 | 33982 |
| Synaptics, Inc.<sup>\*</sup> | 463 | 32345 |
| ASGN, Inc.<sup>\*</sup> | 596 | 32333 |
| Power Integrations, Inc. | 691 | 31164 |
| Diodes, Inc.<sup>\*</sup> | 510 | 27762 |
| LiveRamp Holdings, Inc.<sup>\*</sup> | 775 | 21638 |
| DigitalOcean Holdings, Inc.<sup>\*</sup> | 593 | 19344 |
| Phreesia, Inc.<sup>\*</sup> | 584 | 18489 |
| PagerDuty, Inc.<sup>\*</sup> | 967 | 16188 |
| Porch Group, Inc.<sup>\*</sup> | 894 | 15171 |
| Appian Corp. — Class A<sup>\*</sup> | 461 | 14190 |
| Rapid7, Inc.<sup>\*</sup> | 659 | 13648 |
| MaxLinear, Inc. — Class A<sup>\*</sup> | 829 | 13032 |
| Ultra Clean Holdings, Inc.<sup>\*</sup> | 521 | 12515 |
| Asana, Inc. — Class A<sup>\*</sup> | 853 | 12454 |
| Sprout Social, Inc. — Class A<sup>\*</sup> | 530 | 8369 |
| Domo, Inc. — Class B<sup>\*</sup> | 330 | 4844 |
| Cerence, Inc.<sup>\*</sup> | 454 | 4781 |
| Digital Turbine, Inc.<sup>\*</sup> | 1060 | 4452 |
| Grid Dynamics Holdings, Inc.<sup>\*</sup> | 530 | 4394 |
| Bandwidth, Inc. — Class A<sup>\*</sup> | 275 | 4125 |
| 3D Systems Corp.<sup>\*</sup> | 1453 | 3342 |
| Ouster, Inc.<sup>\*</sup> | 112 | 3195 |
| CEVA, Inc.<sup>\*</sup> | 132 | 2933 |
| Commerce.com, Inc.<sup>\*</sup> | 567 | 2637 |
| 8x8, Inc.<sup>\*</sup> | 1327 | 2627 |
| Mitek Systems, Inc.<sup>\*</sup> | 255 | 2593 |
| Health Catalyst, Inc.<sup>\*</sup> | 609 | 2065 |
| Unisys Corp.<sup>\*</sup> | 384 | 1501 |
| Telos Corp.<sup>\*</sup> | 238 | 1471 |
| AvidXchange Holdings, Inc.<sup>\*</sup> | 147 | 1461 |
| Corsair Gaming, Inc.<sup>\*</sup> | 163 | 1456 |
| Clearwater Analytics Holdings, Inc. — Class A<sup>\*</sup> | 58 | 1199 |
| CoreCard Corp.<sup>\*</sup> | 43 | 1190 |
| ON24, Inc.<sup>\*</sup> | 161 | 921 |
| Vuzix Corp.<sup>\*</sup> | 349 | 740 |
| LivePerson, Inc.<sup>\*</sup> | 775 | 722 |
| Veritone, Inc.<sup>\*</sup> | 169 | 515 |
| Upland Software, Inc.<sup>\*</sup> | 172 | 487 |
| CS Disco, Inc.<sup>\*</sup> | 84 | 459 |
| TTEC Holdings, Inc.<sup>\*</sup> | 108 | 409 |
| Rackspace Technology, Inc.<sup>\*</sup> | 324 | 408 |
| Atomera, Inc.<sup>\*</sup> | 120 | &nbsp;&nbsp;&nbsp;&nbsp;394 |
| Arteris, Inc.<sup>\*</sup> | 29 | 273 |
| Forian, Inc.<sup>\*</sup> | 112 | 224 |
| Teads Holding Co.<sup>\*</sup> | 127 | 222 |
| DarioHealth Corp.<sup>\*</sup> | 4 | 38 |
| Smith Micro Software, Inc.<sup>\*</sup> | 34 | 25 |
| Ryvyl, Inc.<sup>\*</sup> | 11 | 3 |
| Society Pass, Inc.<sup>\*</sup> | 2 | 3 |
| Meta Materials, Inc.<sup>\*</sup> | 12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| **Total Technology** |  | 2929029 |
| **Consumer, Non-cyclical - 0.5%** | **Consumer, Non-cyclical - 0.5%** | **Consumer, Non-cyclical - 0.5%** |
| PayPal Holdings, Inc.<sup>\*</sup> | 5816 | 408225 |
| Bio-Techne Corp. | 5648 | 308550 |
| WW International, Inc.<sup>\*</sup> | 7382 | 235412 |
| Zoetis, Inc. | 1380 | 215832 |
| Align Technology, Inc.<sup>\*</sup> | 1380 | 195905 |
| Illumina, Inc.<sup>\*</sup> | 1645 | 164434 |
| Charles River Laboratories International, Inc.<sup>\*</sup> | 985 | 160860 |
| Bio-Rad Laboratories, Inc. — Class A<sup>\*</sup> | 482 | 143578 |
| MarketAxess Holdings, Inc. | 746 | 137145 |
| Robert Half, Inc. | 2350 | 87702 |
| Avis Budget Group, Inc.<sup>\*</sup> | 484 | 76583 |
| Dentsply Sirona, Inc. | 5242 | 74961 |
| Korn Ferry | 630 | 46708 |
| Moderna, Inc.<sup>\*</sup> | 1850 | 44566 |
| LivaNova plc<sup>\*</sup> | 625 | 35231 |
| TriNet Group, Inc. | 474 | 34327 |
| Alarm.com Holdings, Inc.<sup>\*</sup> | 552 | 32364 |
| Arrowhead Pharmaceuticals, Inc.<sup>\*</sup> | 1200 | 26436 |
| Upbound Group, Inc. | 773 | 19642 |
| AtriCure, Inc.<sup>\*</sup> | 525 | 19420 |
| CONMED Corp. | 339 | 18428 |
| Progyny, Inc.<sup>\*</sup> | 754 | 17847 |
| Twist Bioscience Corp.<sup>\*</sup> | 633 | 17072 |
| Omnicell, Inc.<sup>\*</sup> | 513 | 16719 |
| Kymera Therapeutics, Inc.<sup>\*</sup> | 403 | 16604 |
| Denali Therapeutics, Inc.<sup>\*</sup> | 1062 | 16217 |
| Astrana Health, Inc.<sup>\*</sup> | 442 | 14126 |
| Cimpress plc<sup>\*</sup> | 205 | 12939 |
| NeoGenomics, Inc.<sup>\*</sup> | 1325 | 11634 |
| Deluxe Corp. | 503 | 9889 |
| Coursera, Inc.<sup>\*</sup> | 851 | 9786 |
| Beam Therapeutics, Inc.<sup>\*</sup> | 596 | 9751 |
| Intellia Therapeutics, Inc.<sup>\*</sup> | 814 | 9243 |
| GRAIL, Inc.<sup>\*</sup> | 274 | 8985 |
| CareDx, Inc.<sup>\*</sup> | 593 | 8100 |
| Neogen Corp.<sup>\*</sup> | 1258 | 7234 |
| Helen of Troy Ltd.<sup>\*</sup> | 281 | 6898 |
| Recursion Pharmaceuticals, Inc. — Class A<sup>\*</sup> | 1343 | 6312 |
| Travere Therapeutics, Inc.<sup>\*</sup> | 348 | 6090 |
| Arcus Biosciences, Inc.<sup>\*</sup> | 526 | 5570 |
| Nuvation Bio, Inc.<sup>\*</sup> | 1852 | 5500 |
| Fulgent Genetics, Inc.<sup>\*</sup> | 246 | 5454 |
| Green Dot Corp. — Class A<sup>\*</sup> | 313 | 4357 |
| Arvinas, Inc.<sup>\*</sup> | 548 | 4236 |
| Community Health Systems, Inc.<sup>\*</sup> | 1457 | 4021 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** | **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** | **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** |
| **Consumer, Non-cyclical - 0.5% (continued)** | **Consumer, Non-cyclical - 0.5% (continued)** | **Consumer, Non-cyclical - 0.5% (continued)** |
| Carriage Services, Inc. — Class A | 90 | $3940 |
| Kodiak Sciences, Inc.<sup>\*</sup> | 399 | 3607 |
| Owens & Minor, Inc.<sup>\*</sup> | 718 | 3518 |
| Nurix Therapeutics, Inc.<sup>\*</sup> | 373 | 3484 |
| Custom Truck One Source, Inc.<sup>\*</sup> | 540 | 3316 |
| OPKO Health, Inc.<sup>\*</sup> | 2343 | 3233 |
| Monro, Inc. | 194 | 3217 |
| Sana Biotechnology, Inc.<sup>\*</sup> | 1029 | 3149 |
| Repay Holdings Corp.<sup>\*</sup> | 507 | 3001 |
| Castle Biosciences, Inc.<sup>\*</sup> | 124 | 2977 |
| Pacific Biosciences of California, Inc.<sup>\*</sup> | 2271 | 2975 |
| Mission Produce, Inc.<sup>\*</sup> | 220 | 2752 |
| Surmodics, Inc.<sup>\*</sup> | 80 | 2723 |
| Varex Imaging Corp.<sup>\*</sup> | 224 | 2587 |
| Emergent BioSolutions, Inc.<sup>\*</sup> | 287 | 2382 |
| Senseonics Holdings, Inc.<sup>\*</sup> | 5152 | 2367 |
| AngioDynamics, Inc.<sup>\*</sup> | 220 | 2257 |
| Ocugen, Inc.<sup>\*</sup> | 2201 | 2245 |
| USANA Health Sciences, Inc.<sup>\*</sup> | 70 | 2234 |
| Stoke Therapeutics, Inc.<sup>\*</sup> | 113 | 2233 |
| Beauty Health Co.<sup>\*</sup> | 1022 | 2126 |
| Editas Medicine, Inc.<sup>\*</sup> | 801 | 2059 |
| Organogenesis Holdings, Inc.<sup>\*</sup> | 379 | 1952 |
| Enanta Pharmaceuticals, Inc.<sup>\*</sup> | 230 | 1932 |
| Joint Corp.<sup>\*</sup> | 165 | 1772 |
| OrthoPediatrics Corp.<sup>\*</sup> | 80 | 1709 |
| B&G Foods, Inc. | 375 | 1691 |
| Quanterix Corp.<sup>\*</sup> | 361 | 1643 |
| Alector, Inc.<sup>\*</sup> | 695 | 1633 |
| Vanda Pharmaceuticals, Inc.<sup>\*</sup> | 326 | 1542 |
| BioLife Solutions, Inc.<sup>\*</sup> | 61 | 1528 |
| Heron Therapeutics, Inc.<sup>\*</sup> | 1100 | 1485 |
| Phathom Pharmaceuticals, Inc.<sup>\*</sup> | 120 | 1462 |
| OraSure Technologies, Inc.<sup>\*</sup> | 426 | 1410 |
| OmniAb, Inc.<sup>\*</sup> | 867 | 1387 |
| MeiraGTx Holdings plc<sup>\*</sup> | 177 | 1292 |
| Cerus Corp.<sup>\*</sup> | 986 | 1292 |
| Utah Medical Products, Inc. | 20 | 1244 |
| TrueBlue, Inc.<sup>\*</sup> | 205 | 1224 |
| iTeos Therapeutics, Inc.<sup>\*,††</sup> | 120 | 1218 |
| C4 Therapeutics, Inc.<sup>\*</sup> | 460 | 1196 |
| Orthofix Medical, Inc.<sup>\*</sup> | 78 | 1168 |
| InfuSystem Holdings, Inc.<sup>\*</sup> | 108 | 1164 |
| Mind Medicine MindMed, Inc.<sup>\*</sup> | 125 | 1110 |
| Personalis, Inc.<sup>\*</sup> | 214 | 1047 |
| Cassava Sciences, Inc.<sup>\*</sup> | 448 | 1021 |
| Seer, Inc.<sup>\*</sup> | 495 | 1015 |
| Fate Therapeutics, Inc.<sup>\*</sup> | 948 | 986 |
| Replimune Group, Inc.<sup>\*</sup> | 177 | 956 |
| Coherus Oncology, Inc.<sup>\*</sup> | 806 | 935 |
| Inogen, Inc.<sup>\*</sup> | 116 | 927 |
| Allogene Therapeutics, Inc.<sup>\*</sup> | 811 | 916 |
| Lineage Cell Therapeutics, Inc.<sup>\*</sup> | 747 | 874 |
| LENZ Therapeutics, Inc.<sup>\*</sup> | 22 | 850 |
| Stereotaxis, Inc.<sup>\*</sup> | 295 | 850 |
| Accuray, Inc.<sup>\*</sup> | 550 | 836 |
| Olema Pharmaceuticals, Inc.<sup>\*</sup> | 150 | &nbsp;&nbsp;&nbsp;&nbsp;819 |
| Anika Therapeutics, Inc.<sup>\*</sup> | 86 | 807 |
| CytomX Therapeutics, Inc.<sup>\*</sup> | 386 | 787 |
| Verastem, Inc.<sup>\*</sup> | 85 | 786 |
| MaxCyte, Inc.<sup>\*</sup> | 563 | 783 |
| American Well Corp. — Class A<sup>\*</sup> | 109 | 752 |
| Sangamo Therapeutics, Inc.<sup>\*</sup> | 1415 | 736 |
| Zentalis Pharmaceuticals, Inc.<sup>\*</sup> | 428 | 723 |
| HF Foods Group, Inc.<sup>\*</sup> | 217 | 712 |
| Absci Corp.<sup>\*</sup> | 287 | 686 |
| European Wax Center, Inc. — Class A<sup>\*</sup> | 150 | 643 |
| RadNet, Inc.<sup>\*</sup> | 9 | 632 |
| Exagen, Inc.<sup>\*</sup> | 61 | 601 |
| Udemy, Inc.<sup>\*</sup> | 81 | 556 |
| Praxis Precision Medicines, Inc.<sup>\*</sup> | 12 | 546 |
| Erasca, Inc.<sup>\*</sup> | 335 | 526 |
| Outset Medical, Inc.<sup>\*</sup> | 36 | 501 |
| Inovio Pharmaceuticals, Inc.<sup>\*</sup> | 205 | 486 |
| Oramed Pharmaceuticals, Inc.<sup>\*</sup> | 212 | 467 |
| Tectonic Therapeutic, Inc.<sup>\*</sup> | 18 | 460 |
| Lexicon Pharmaceuticals, Inc.<sup>\*</sup> | 408 | 449 |
| Sutro Biopharma, Inc.<sup>\*</sup> | 517 | 443 |
| Taysha Gene Therapies, Inc.<sup>\*</sup> | 133 | 388 |
| Annexon, Inc.<sup>\*</sup> | 185 | 381 |
| Seres Therapeutics, Inc.<sup>\*</sup> | 20 | 379 |
| Apyx Medical Corp.<sup>\*</sup> | 185 | 368 |
| Generation Bio Co.<sup>\*</sup> | 52 | 312 |
| Spero Therapeutics, Inc.<sup>\*</sup> | 144 | 298 |
| XBiotech, Inc.<sup>\*</sup> | 90 | 284 |
| Tourmaline Bio, Inc.<sup>\*</sup> | 12 | 281 |
| Vaxart, Inc.<sup>\*</sup> | 715 | 279 |
| Greenwich Lifesciences, Inc.<sup>\*</sup> | 24 | 276 |
| Pulmonx Corp.<sup>\*</sup> | 155 | 265 |
| Dianthus Therapeutics, Inc.<sup>\*</sup> | 11 | 259 |
| Durect Corp.<sup>\*</sup> | 134 | 257 |
| Scilex Holding Co.<sup>\*</sup> | 14 | 249 |
| AirSculpt Technologies, Inc.<sup>\*</sup> | 38 | 245 |
| CytoSorbents Corp.<sup>\*</sup> | 245 | 231 |
| Beyondspring, Inc.<sup>\*</sup> | 133 | 229 |
| Vor BioPharma, Inc.<sup>\*</sup> | 113 | 223 |
| PMV Pharmaceuticals, Inc.<sup>\*</sup> | 156 | 218 |
| Laird Superfood, Inc.<sup>\*</sup> | 37 | 214 |
| Tvardi Therapeutics, Inc.<sup>\*</sup> | 7 | 209 |
| Rapid Micro Biosystems, Inc. — Class A<sup>\*</sup> | 86 | 207 |
| Werewolf Therapeutics, Inc.<sup>\*</sup> | 153 | 200 |
| Quince Therapeutics, Inc.<sup>\*</sup> | 118 | 189 |
| Neurogene, Inc.<sup>\*</sup> | 10 | 185 |
| Cartesian Therapeutics, Inc.<sup>\*</sup> | 18 | 181 |
| Alpha Teknova, Inc.<sup>\*</sup> | 41 | 177 |
| ImageneBio, Inc.<sup>\*</sup> | 13 | 174 |
| Tenaya Therapeutics, Inc.<sup>\*</sup> | 153 | 173 |
| Zevia PBC — Class A<sup>\*</sup> | 61 | 171 |
| Inotiv, Inc.<sup>\*</sup> | 99 | 167 |
| MEI Pharma, Inc.<sup>\*</sup> | 33 | 160 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** | **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** | **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** |
| **Consumer, Non-cyclical - 0.5% (continued)** | **Consumer, Non-cyclical - 0.5% (continued)** | **Consumer, Non-cyclical - 0.5% (continued)** |
| Spyre Therapeutics, Inc.<sup>\*</sup> | 9 | $149 |
| Assertio Holdings, Inc.<sup>\*</sup> | 173 | 145 |
| Cue Biopharma, Inc.<sup>\*</sup> | 183 | 143 |
| Vistagen Therapeutics, Inc.<sup>\*</sup> | 38 | 127 |
| Ginkgo Bioworks Holdings, Inc.<sup>\*</sup> | 10 | 127 |
| Elicio Therapeutics, Inc.<sup>\*</sup> | 12 | 126 |
| Solid Biosciences, Inc.<sup>\*</sup> | 23 | 126 |
| ALX Oncology Holdings, Inc.<sup>\*</sup> | 105 | 123 |
| Harvard Bioscience, Inc.<sup>\*</sup> | 234 | 116 |
| Climb Bio, Inc.<sup>\*</sup> | 41 | 91 |
| Retractable Technologies, Inc.<sup>\*</sup> | 103 | 86 |
| Kezar Life Sciences, Inc.<sup>\*</sup> | 21 | 83 |
| Pyxis Oncology, Inc.<sup>\*</sup> | 62 | 79 |
| Prelude Therapeutics, Inc.<sup>\*</sup> | 64 | 77 |
| Passage Bio, Inc.<sup>\*</sup> | 11 | 76 |
| Athira Pharma, Inc.<sup>\*</sup> | 192 | 75 |
| Fortress Biotech, Inc.<sup>\*</sup> | 28 | 72 |
| Korro Bio, Inc.<sup>\*</sup> | 3 | 69 |
| KALA BIO, Inc.<sup>\*</sup> | 6 | 67 |
| Aligos Therapeutics, Inc.<sup>\*</sup> | 5 | 53 |
| Applied Therapeutics, Inc.<sup>\*</sup> | 105 | 52 |
| TherapeuticsMD, Inc.<sup>\*</sup> | 46 | 51 |
| Lucid Diagnostics, Inc.<sup>\*</sup> | 39 | 49 |
| Sensei Biotherapeutics, Inc.<sup>\*</sup> | 6 | 48 |
| Century Therapeutics, Inc.<sup>\*</sup> | 96 | 47 |
| ModivCare, Inc.<sup>\*</sup> | 145 | 47 |
| Precision BioSciences, Inc.<sup>\*</sup> | 9 | 44 |
| Insight Molecular Diagnostics, Inc.<sup>\*</sup> | 17 | 43 |
| BioAtla, Inc.<sup>\*</sup> | 92 | 42 |
| Curis, Inc.<sup>\*</sup> | 25 | 42 |
| Biodesix, Inc.<sup>\*</sup> | 75 | 32 |
| Bolt Biotherapeutics, Inc.<sup>\*</sup> | 6 | 32 |
| Rubius Therapeutics, Inc.<sup>\*,†††</sup> | 547 | 31 |
| Xilio Therapeutics, Inc.<sup>\*</sup> | 43 | 30 |
| Kalaris Therapeutics, Inc.<sup>\*</sup> | 7 | 29 |
| Q32 Bio, Inc.<sup>\*</sup> | 13 | 22 |
| Forte Biosciences, Inc.<sup>\*</sup> | 2 | 22 |
| Sorrento Therapeutics, Inc.<sup>\*</sup> | 3481 | 21 |
| AquaBounty Technologies, Inc.<sup>\*</sup> | 17 | 20 |
| Adaptimmune Therapeutics plc ADR<sup>\*</sup> | 273 | 16 |
| Portage Biotech, Inc.<sup>\*</sup> | 2 | 15 |
| PAVmed, Inc.<sup>\*</sup> | 29 | 14 |
| Endo Guc Trust — Class A<sup>\*,†††</sup> | 133456 | 13 |
| Carisma Therapeutics, Inc.<sup>\*</sup> | 59 | 13 |
| Finch Therapeutics Group, Inc.<sup>\*</sup> | 1 | 12 |
| Aspira Women's Health, Inc.<sup>\*</sup> | 28 | 12 |
| Hookipa Pharma, Inc.<sup>\*</sup> | 11 | 10 |
| Avalo Therapeutics, Inc.<sup>\*</sup> | 1 | 9 |
| Talis Biomedical Corp.<sup>\*</sup> | 6 | 9 |
| Oncternal Therapeutics, Inc.<sup>\*,†††</sup> | 13 | 7 |
| SQZ Biotechnologies Co.<sup>\*</sup> | 135 | 4 |
| GT Biopharma, Inc.<sup>\*</sup> | 3 | 3 |
| iBio, Inc.<sup>\*</sup> | 2 | 2 |
| Vincerx Pharma, Inc.<sup>\*</sup> | 4 | &nbsp;&nbsp;&nbsp;&nbsp;– |
| Acutus Medical, Inc.<sup>\*</sup> | 113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Syros Pharmaceuticals, Inc.<sup>\*</sup> | 34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| NanoString Technologies, Inc. Escrow<sup>\*,†††</sup> | 532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Telesis Bio, Inc.<sup>\*</sup> | 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Ampio Pharmaceuticals, Inc.<sup>\*</sup> | 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Affimed N.V.<sup>\*</sup> | 69 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Accelerate Diagnostics, Inc.<sup>\*</sup> | 19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Athersys, Inc.<sup>\*</sup> | 49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Codiak Biosciences, Inc.<sup>\*,†††</sup> | 94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Cue Health, Inc.<sup>\*</sup> | 85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| DermTech, Inc.<sup>\*</sup> | 144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Humanigen, Inc.<sup>\*,†††</sup> | 284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Infinity Pharmaceuticals, Inc.<sup>\*</sup> | 521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Ligand Pharmaceuticals, Inc.<sup>\*,†††</sup> | 67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Ligand Pharmaceuticals, Inc.<sup>\*,†††</sup> | 67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| 9 Meters Biopharma, Inc.<sup>\*</sup> | 67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Tattooed Chef, Inc.<sup>\*</sup> | 281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| ViewRay, Inc.<sup>\*</sup> | 837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| **Total Consumer, Non-cyclical** |  | 2851125 |
| **Communications - 0.3%** | **Communications - 0.3%** | **Communications - 0.3%** |
| Etsy, Inc.<sup>\*</sup> | 4899 | 259696 |
| Walt Disney Co. | 1941 | 229776 |
| Match Group, Inc. | 5697 | 212726 |
| EchoStar Corp. — Class A<sup>\*</sup> | 2985 | 184443 |
| Warner Bros Discovery, Inc.<sup>\*</sup> | 10664 | 124129 |
| Charter Communications, Inc. — Class A<sup>\*</sup> | 457 | 121370 |
| Upwork, Inc.<sup>\*</sup> | 1378 | 21207 |
| Ziff Davis, Inc.<sup>\*</sup> | 508 | 19411 |
| DigitalBridge Group, Inc. | 1417 | 16168 |
| Revolve Group, Inc.<sup>\*</sup> | 420 | 9395 |
| Liberty Latin America Ltd. — Class C<sup>\*</sup> | 906 | 7465 |
| RealReal, Inc.<sup>\*</sup> | 940 | 7172 |
| Shutterstock, Inc. | 274 | 5735 |
| Clear Channel Outdoor Holdings, Inc.<sup>\*</sup> | 4259 | 5281 |
| Stitch Fix, Inc. — Class A<sup>\*</sup> | 949 | 5020 |
| Bed Bath & Beyond, Inc.<sup>\*</sup> | 504 | 4541 |
| OptimizeRx Corp.<sup>\*</sup> | 205 | 3704 |
| iHeartMedia, Inc. — Class A<sup>\*</sup> | 1313 | 2797 |
| Open Lending Corp. — Class A<sup>\*</sup> | 1223 | 2581 |
| Liberty Latin America Ltd. — Class A<sup>\*</sup> | 237 | 1910 |
| TechTarget, Inc.<sup>\*</sup> | 305 | 1800 |
| 1-800-Flowers.com, Inc. — Class A<sup>\*</sup> | 317 | 1775 |
| Ribbon Communications, Inc.<sup>\*</sup> | 419 | 1709 |
| Ooma, Inc.<sup>\*</sup> | 130 | 1680 |
| Anterix, Inc.<sup>\*</sup> | 68 | 1614 |
| Boston Omaha Corp. — Class A<sup>\*</sup> | 118 | 1574 |
| Lands' End, Inc.<sup>\*</sup> | 85 | 1221 |
| Eventbrite, Inc. — Class A<sup>\*</sup> | 448 | 1187 |
| Thryv Holdings, Inc.<sup>\*</sup> | 90 | 1157 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** | **COMMON STOCKS<sup>†</sup> - 3.6% (continued)** |
| **Communications - 0.3% (continued)** | **Communications - 0.3% (continued)** |

---

---

| | | |
|:---|:---|:---|
| Tucows, Inc. — Class A<sup>\*</sup> | 58 | $1060 |
| EW Scripps Co. — Class A<sup>\*</sup> | 335 | 1002 |
| Entravision Communications Corp. — Class A | 358 | 927 |
| Telesat Corp.<sup>\*</sup> | 41 | 850 |
| Advantage Solutions, Inc.<sup>\*</sup> | 455 | 828 |
| CuriosityStream, Inc. | 155 | 710 |
| Inseego Corp.<sup>\*</sup> | 49 | 604 |
| Cardlytics, Inc.<sup>\*</sup> | 382 | 390 |
| 1stdibs.com, Inc.<sup>\*</sup> | 106 | 291 |
| VirnetX Holding Corp.<sup>\*</sup> | 18 | 246 |
| CarParts.com, Inc.<sup>\*</sup> | 291 | 239 |
| National CineMedia, Inc. | 35 | 154 |
| comScore, Inc.<sup>\*</sup> | 20 | 131 |
| Fluent, Inc.<sup>\*</sup> | 43 | 102 |
| Cambium Networks Corp.<sup>\*</sup> | 63 | 48 |
| aka Brands Holding Corp.<sup>\*</sup> | 4 | 45 |
| Solo Brands, Inc. — Class A<sup>\*</sup> | 2 | 22 |
| Audacy, Inc.<sup>\*,†††</sup> | 23 | 4 |
| HyreCar, Inc.<sup>\*</sup> | 104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| **Total Communications** |  | 1265897 |
| **Industrial - 0.2%** | **Industrial - 0.2%** | **Industrial - 0.2%** |
| Generac Holdings, Inc.<sup>\*</sup> | 2048 | 379392 |
| Mohawk Industries, Inc.<sup>\*</sup> | 2047 | 271617 |
| Ball Corp. | 2988 | 157289 |
| Stanley Black & Decker, Inc. | 1746 | 129710 |
| JBT Marel Corp. | 366 | 52444 |
| Exponent, Inc. | 606 | 43256 |
| Kennametal, Inc. | 980 | 21002 |
| Helios Technologies, Inc. | 378 | 20503 |
| Vicor Corp.<sup>\*</sup> | 247 | 12624 |
| Montrose Environmental Group, Inc.<sup>\*</sup> | 305 | 9473 |
| Astec Industries, Inc. | 133 | 6156 |
| Gorman-Rupp Co. | 135 | 5774 |
| Ichor Holdings Ltd.<sup>\*</sup> | 331 | 5577 |
| Enviri Corp.<sup>\*</sup> | 459 | 5187 |
| Aebi Schmidt Holding AG | 422 | 5186 |
| Uniti Group, Inc.<sup>\*</sup> | 695 | 4380 |
| CryoPort, Inc.<sup>\*</sup> | 476 | 4217 |
| Columbus McKinnon Corp. | 163 | 2442 |
| Ranpak Holdings Corp.<sup>\*</sup> | 447 | 2360 |
| Smith & Wesson Brands, Inc. | 285 | 2328 |
| GrafTech International Ltd.<sup>\*</sup> | 235 | 2317 |
| Luxfer Holdings plc | 164 | 2201 |
| Manitowoc Company, Inc.<sup>\*</sup> | 204 | 2020 |
| Mesa Laboratories, Inc. | 29 | 1965 |
| Latham Group, Inc.<sup>\*</sup> | 240 | 1927 |
| Aspen Aerogels, Inc.<sup>\*</sup> | 263 | 1799 |
| Turtle Beach Corp.<sup>\*</sup> | 90 | 1424 |
| GoPro, Inc. — Class A<sup>\*</sup> | 755 | 1178 |
| Pure Cycle Corp.<sup>\*</sup> | 114 | 1151 |
| Kopin Corp.<sup>\*</sup> | 462 | 970 |
| Outdoor Holding Co.<sup>\*</sup> | 515 | 737 |
| Standard BioTools, Inc.<sup>\*</sup> | 454 | 572 |
| Identiv, Inc.<sup>\*</sup> | 127 | 470 |
| Comtech Telecommunications Corp.<sup>\*</sup> | 152 | 296 |
| Hydrofarm Holdings Group, Inc.<sup>\*</sup> | 46 | 220 |
| Caesarstone Ltd.<sup>\*</sup> | 134 | 190 |
| INNOVATE Corp.<sup>\*</sup> | 29 | &nbsp;&nbsp;&nbsp;&nbsp;157 |
| Yellow Corp.<sup>\*</sup> | 300 | 75 |
| Ideanomics, Inc.<sup>\*</sup> | 22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Akoustis Technologies, Inc.<sup>\*</sup> | 287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| **Total Industrial** |  | 1160586 |
| **Basic Materials - 0.0%** | **Basic Materials - 0.0%** | **Basic Materials - 0.0%** |
| Quaker Chemical Corp. | 157 | 22776 |
| Novagold Resources, Inc.<sup>\*</sup> | 1390 | 9507 |
| Tronox Holdings plc — Class A | 1344 | 5752 |
| Compass Minerals International, Inc.<sup>\*</sup> | 200 | 3810 |
| Codexis, Inc.<sup>\*</sup> | 706 | 1928 |
| Mativ Holdings, Inc. | 135 | 1697 |
| Unifi, Inc.<sup>\*</sup> | 81 | 358 |
| Magnera Corp.<sup>\*</sup> | 20 | 248 |
| **Total Basic Materials** |  | 46076 |
| **Utilities - 0.0%** | **Utilities - 0.0%** | **Utilities - 0.0%** |
| Ameresco, Inc. — Class A<sup>\*</sup> | 362 | 9206 |
| Middlesex Water Co. | 101 | 5408 |
| Global Water Resources, Inc. | 75 | 724 |
| **Total Utilities** |  | 15338 |
| **Energy - 0.0%** | **Energy - 0.0%** | **Energy - 0.0%** |
| National Energy Services Reunited Corp.<sup>\*</sup> | 226 | 2115 |
| Gevo, Inc.<sup>\*</sup> | 1167 | 2019 |
| Eos Energy Enterprises, Inc.<sup>\*</sup> | 259 | 1787 |
| Stem, Inc.<sup>\*</sup> | 66 | 999 |
| DMC Global, Inc.<sup>\*</sup> | 111 | 744 |
| Aemetis, Inc.<sup>\*</sup> | 161 | 409 |
| Beam Global<sup>\*</sup> | 52 | 143 |
| Spruce Power Holding Corp.<sup>\*</sup> | 78 | 113 |
| Sunnova Energy International, Inc.<sup>\*</sup> | 1009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| SunPower Corp. — Class A<sup>\*,†††</sup> | 937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| **Total Energy** |  | 8329 |
| **Pharmaceuticals - 0.0%** | **Pharmaceuticals - 0.0%** | **Pharmaceuticals - 0.0%** |
| Cyteir Therapeutics, Inc.<sup>\*,†††</sup> | 99 | &nbsp;&nbsp;&nbsp;&nbsp;– |
| **Total Common Stocks** | **Total Common Stocks** |  |
| &nbsp;&nbsp;&nbsp;(Cost $38,654,269) |  | 19828332 |
| **PREFERRED STOCKS<sup>†</sup> - 6.2%** | **PREFERRED STOCKS<sup>†</sup> - 6.2%** | **PREFERRED STOCKS<sup>†</sup> - 6.2%** |
| **Financial - 5.5%** | **Financial - 5.5%** | **Financial - 5.5%** |
| Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. |
| &nbsp;&nbsp;&nbsp;4.15%<sup>\*,††</sup> | 5000000 | 4880074 |
| &nbsp;&nbsp;&nbsp;6.88%<sup>\*,††</sup> | 600000 | 610505 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp;&nbsp;3.80%<sup>\*,††</sup> | 5000000 | 4905418 |
| Bank of New York Mellon Corp. | Bank of New York Mellon Corp. | Bank of New York Mellon Corp. |
| &nbsp;&nbsp;&nbsp;3.75%<sup>\*,††</sup> | 5000000 | 4846693 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| &nbsp;&nbsp;&nbsp;4.38% | 139386 | 2489434 |
| &nbsp;&nbsp;&nbsp;4.75% | 61250 | 1191925 |
| &nbsp;&nbsp;&nbsp;3.90%<sup>\*,††</sup> | 400000 | 396153 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp;&nbsp;4.38%<sup>\*</sup> | 1781500 | 4024772 |
| Selective Insurance Group, Inc. | Selective Insurance Group, Inc. | Selective Insurance Group, Inc. |
| &nbsp;&nbsp;&nbsp;4.60% | 85536 | 1483194 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| &nbsp;&nbsp;&nbsp;6.50%<sup>\*,††</sup> | 1350000 | 1386549 |
| Public Storage | Public Storage | Public Storage |
| &nbsp;&nbsp;&nbsp;4.10% | 58000 | 961060 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Shares** | **Value** |
| **PREFERRED STOCKS<sup>†</sup> - 6.2% (continued)** | **PREFERRED STOCKS<sup>†</sup> - 6.2% (continued)** |
| **Financial - 5.5% (continued)** | **Financial - 5.5% (continued)** |

---

---

| | | |
|:---|:---|:---|
| Lincoln National Corp. | Lincoln National Corp. | Lincoln National Corp. |
| &nbsp;&nbsp;&nbsp;9.25%<sup>\*,††</sup> | 750000 | $812440 |
| Jackson Financial, Inc. | Jackson Financial, Inc. | Jackson Financial, Inc. |
| &nbsp;&nbsp;&nbsp;8.00% | 26000 | 678600 |
| American National Group, Inc. | American National Group, Inc. | American National Group, Inc. |
| &nbsp;&nbsp;&nbsp;7.38% | 25000 | 635000 |
| RenaissanceRe Holdings Ltd. | RenaissanceRe Holdings Ltd. | RenaissanceRe Holdings Ltd. |
| &nbsp;&nbsp;&nbsp;4.20%<sup>††</sup> | 38000 | 622060 |
| State Street Corp. | State Street Corp. | State Street Corp. |
| &nbsp;&nbsp;&nbsp;6.45%<sup>\*,††</sup> | 400000 | 406814 |
| First Republic Bank | First Republic Bank | First Republic Bank |
| &nbsp;&nbsp;&nbsp;4.50%<sup>\*,††</sup> | 200000 | 600 |
| **Total Financial** |  | 30331291 |
| **Government - 0.5%** | **Government - 0.5%** | **Government - 0.5%** |
| CoBank ACB | CoBank ACB | CoBank ACB |
| &nbsp;&nbsp;&nbsp;4.25%<sup>\*</sup> | 3000000 | 2896280 |
| **Energy - 0.1%** | **Energy - 0.1%** | **Energy - 0.1%** |
| Venture Global LNG, Inc. | Venture Global LNG, Inc. | Venture Global LNG, Inc. |
| &nbsp;&nbsp;&nbsp;9.00%<sup>\*,2,††</sup> | 550000 | 546173 |
| **Utilities - 0.1%** | **Utilities - 0.1%** | **Utilities - 0.1%** |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| &nbsp;&nbsp;&nbsp;6.50% due 06/01/85 | 16750 | 422268 |
| **Total Preferred Stocks** | **Total Preferred Stocks** |  |
| &nbsp;&nbsp;&nbsp;(Cost $42,843,583) |  | 34196012 |
| **WARRANTS<sup>†</sup> - 0.0%** | **WARRANTS<sup>†</sup> - 0.0%** | **WARRANTS<sup>†</sup> - 0.0%** |
| Pershing Square SPARC Holdings, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 12/31/49<sup>\*,†††,1</sup> | 82425 | 8 |
| **Total Warrants** | **Total Warrants** |  |
| &nbsp;&nbsp;&nbsp;(Cost $–) |  | 8 |
| **RIGHTS<sup>†</sup> - 0.0%** | **RIGHTS<sup>†</sup> - 0.0%** | **RIGHTS<sup>†</sup> - 0.0%** |
| **Basic Materials – 0.0%** | **Basic Materials – 0.0%** | **Basic Materials – 0.0%** |
| Asphalt Intermediate Holdco, LLC | Asphalt Intermediate Holdco, LLC | Asphalt Intermediate Holdco, LLC |
| Expiring 12/31/49<sup>†††</sup> | 1071 | 2370 |
| **Consumer, Non-cyclical - 0.0%** | **Consumer, Non-cyclical - 0.0%** | **Consumer, Non-cyclical - 0.0%** |
| Altreca Inc.<sup>†††</sup> | 154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Epizyme, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expires 01/01/28<sup>†††</sup> | 793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Coherus Biosciences, Inc.<sup>†††</sup> | 208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Carisma Therapeutics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expires 03/31/27<sup>†††</sup> | 1182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Assertio Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expires 12/31/25<sup>†††</sup> | 971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Aeglea BioTherapeutics, Inc.<sup>†††</sup> | 240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Tectonic Therapeutic, Inc. |  |  |
| Tectonic Therapeutic, Inc.<sup>†††</sup> | 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Concentra Biosciences, LLC |  |  |
| &nbsp;&nbsp;&nbsp;Expires 08/15/26 | 48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Ikena Oncology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expires 07/28/26 | 161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| AbbVie, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expires 03/31/29 | 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| XOMA Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Expires 04/04/30 | 153 | &nbsp;&nbsp;&nbsp;&nbsp;– |
| Homology Medicines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expires 06/30/26 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Concentra Biosciences, LLC |  |  |
| &nbsp;&nbsp;&nbsp;Expires 06/23/31 | 231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Neurogene, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expires 06/30/29 | 41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Cartesian Therapeutics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expires 09/25/25 | 542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Korro Bio, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expires 12/31/26 | 191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Eli Lilly & Co. |  |  |
| &nbsp;&nbsp;&nbsp;Expires 12/31/31<sup>†††</sup> | 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Magnenta Therapeutics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expires <sup>†††</sup> | 178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| **Total Consumer, Non-cyclical** |  | – |
| **Financial - 0.0%** | **Financial - 0.0%** | **Financial - 0.0%** |
| CURO Group Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp;Expires <sup>†††</sup> | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| The Carlyle Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expires 12/31/27 | 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Gurnet Point Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;Expires 12/31/26<sup>†††</sup> | 285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| **Total Financial** |  | – |
| **Total Rights** | **Total Rights** |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,333) |  | 2370 |
| **EXCHANGE-TRADED FUNDS<sup>\*\*\*,†</sup> - 0.5%** | **EXCHANGE-TRADED FUNDS<sup>\*\*\*,†</sup> - 0.5%** | **EXCHANGE-TRADED FUNDS<sup>\*\*\*,†</sup> - 0.5%** |
| iShares Silver Trust<sup>\*</sup> | 81900 | 2963961 |
| **Total Exchange-Traded Funds** | **Total Exchange-Traded Funds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,728,601) |  | 2963961 |
| **CLOSED-END MUTUAL FUNDS<sup>\*\*\*,†</sup> - 1.4%** | **CLOSED-END MUTUAL FUNDS<sup>\*\*\*,†</sup> - 1.4%** | **CLOSED-END MUTUAL FUNDS<sup>\*\*\*,†</sup> - 1.4%** |
| Eaton Vance Limited Duration Income Fund | 309597 | 3195041 |
| BlackRock Credit Allocation Income Trust | 290333 | 3193663 |
| Blackstone Strategic Credit Fund | 91382 | 1151413 |
| **Total Closed-End Mutual Funds** | **Total Closed-End Mutual Funds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $9,407,634) |  | 7540117 |
| **MONEY MARKET FUNDS<sup>\*\*\*,†</sup> - 2.4%** | **MONEY MARKET FUNDS<sup>\*\*\*,†</sup> - 2.4%** | **MONEY MARKET FUNDS<sup>\*\*\*,†</sup> - 2.4%** |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 4.12%<sup>3</sup> | 13306561 | 13306561 |
| Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.15%<sup>3</sup> | 232381 | 232381 |
| **Total Money Market Funds** | **Total Money Market Funds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $13,538,942) |  | 13538942 |
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 52.5%** | **CORPORATE BONDS<sup>††</sup> - 52.5%** | **CORPORATE BONDS<sup>††</sup> - 52.5%** |
| **Financial - 14.2%** |  |  |
| United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 04/15/29<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4300000 | 4234838 |
| Jefferies Finance LLC / JFIN Company-Issuer Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/15/28<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3810000 | 3697450 |
| Liberty Mutual Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.30% due 02/01/61<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;5250000 | 3304258 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** | **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** | **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** |
| **Financial - 14.2% (continued)** |  |  |
| Kennedy-Wilson, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 03/01/31<sup>4</sup> | 3500000 | $3267514 |
| FS KKR Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 07/15/27<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3300000 | 3177491 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 09/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;3300000 | 3050424 |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/30<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2940000 | 2909254 |
| GLP Capital Limited Partnership / GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 01/15/32<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3250000 | 2900572 |
| Encore Capital Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 05/15/30<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1950000 | 2060914 |
| &nbsp;&nbsp;&nbsp;9.25% due 04/01/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;750000 | 791917 |
| Jane Street Group / JSG Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 04/30/31<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2700000 | 2820833 |
| Accident Fund Insurance Company of America |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 08/01/32<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2550000 | 2539045 |
| Global Atlantic Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.13% due 06/15/31<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1750000 | 1580334 |
| &nbsp;&nbsp;&nbsp;4.70% due 10/15/51<sup>2,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;900000 | 885479 |
| Corebridge Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 12/15/52<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1950000 | 2016593 |
| Hunt Companies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 04/15/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1850000 | 1811362 |
| Sherwood Financing plc |  |  |
| &nbsp;&nbsp;&nbsp;7.48% (3 Month EURIBOR + 5.50%, Rate Floor: 0.00%) due 12/15/29<sup>◊,4</sup> | EUR 1,500,000 | 1755023 |
| Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 10/15/33<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1800000 | 1622853 |
| &nbsp;&nbsp;&nbsp;3.88% due 03/01/31<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;100000 | 93447 |
| Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 10/01/32<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1450000 | 1493841 |
| &nbsp;&nbsp;&nbsp;7.00% due 01/15/31<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;150000 | 155136 |
| Atlantic Marine Corporations Communities LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 02/15/48 | &nbsp;&nbsp;&nbsp;&nbsp;1970773 | 1598859 |
| Iron Mountain Information Management Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/15/32<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1600000 | 1537923 |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 03/01/52<sup>4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1550000 | 1518886 |
| Cushman & Wakefield US Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 05/15/28<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1500000 | 1514784 |
| AmFam Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.83% due 03/11/51<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2300000 | 1451067 |
| Equitable Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.70% due 03/28/55<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1400000 | 1429116 |
| Allianz SE |  |  |
| &nbsp;&nbsp;&nbsp;6.55% <sup>2,5,6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1400000 | 1426810 |
| Fidelis Insurance Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.75% due 06/15/55<sup>5</sup> | 1350000 | 1425127 |
| Galaxy Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;8.13% due 12/19/29<sup>2</sup> | GBP 1,000,000 | 1403655 |
| Focus Financial Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 09/15/31<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1350000 | 1395056 |
| American National Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 12/01/55<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1325000 | 1355793 |
| PennyMac Financial Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 11/15/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;800000 | 828649 |
| &nbsp;&nbsp;&nbsp;7.88% due 12/15/29<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;300000 | 318868 |
| &nbsp;&nbsp;&nbsp;6.88% due 02/15/33<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;200000 | 204351 |
| Jones Deslauriers Insurance Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 03/15/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;750000 | 793271 |
| &nbsp;&nbsp;&nbsp;10.50% due 12/15/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500000 | 530309 |
| NatWest Group plc |  |  |
| &nbsp;&nbsp;&nbsp;7.47% due 11/10/26<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1250000 | 1256673 |
| Ares Finance Company IV LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.65% due 02/01/52<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1650000 | 1137986 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;8.13% due 10/31/82<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1050000 | 1105798 |
| KKR Group Finance Company X LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 12/15/51<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1600000 | 1039373 |
| Kane Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;8.25% due 06/30/31<sup>2</sup> | GBP 750,000 | 1037206 |
| Belrose Funding Trust II |  |  |
| &nbsp;&nbsp;&nbsp;6.79% due 05/15/55<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;850000 | 880955 |
| Ardonagh Finco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 02/15/31<sup>2,4</sup> | EUR 700,000 | 852687 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 10/27/82<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;750000 | 794337 |
| Nationstar Mortgage Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/01/26<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;790000 | 788229 |
| Enstar Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 04/01/45<sup>2,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;650000 | 677409 |
| Nassau Companies of New York |  |  |
| &nbsp;&nbsp;&nbsp;7.88% due 07/15/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;625000 | 634398 |
| VFH Parent LLC / Valor Company-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 06/15/31<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;600000 | 629801 |
| Swiss Re Finance Luxembourg S.A. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 04/02/49<sup>2,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;600000 | 601879 |
| Farmers Insurance Exchange |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 10/15/64<sup>2,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;590000 | 599753 |
| Ryan Specialty LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 02/01/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;450000 | 434926 |
| USI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 01/15/32<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;350000 | 370840 |
| Fortitude Group Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 04/01/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;350000 | 363664 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** | **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** | **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** |
| **Financial - 14.2% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Reinsurance Group of America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.65% due 09/15/55<sup>5</sup> | 265000 | $269932 |
| Osaic Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 08/01/32<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;250000 | 254727 |
| Rfna, LP |  |  |
| &nbsp;&nbsp;&nbsp;7.88% due 02/15/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;200000 | 206990 |
| **Total Financial** |  | 78838665 |
| **Communications - 7.9%** |  |  |
| Altice France S.A. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 01/15/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;5260000 | 4510450 |
| &nbsp;&nbsp;&nbsp;5.13% due 07/15/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | 1710000 |
| British Telecommunications plc |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 11/23/81<sup>2,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;5000000 | 4693374 |
| Ziggo Bond Company B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 02/28/30<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4361000 | 3849204 |
| Vodafone Group plc |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 06/04/81<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4750000 | 3683443 |
| McGraw-Hill Education, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 08/01/28<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1800000 | 1809369 |
| &nbsp;&nbsp;&nbsp;8.00% due 08/01/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1700000 | 1734323 |
| Zayo Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 03/01/27<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3250000 | 3143900 |
| Vmed O2 UK Financing I plc |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 01/31/31<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3250000 | 2999872 |
| CCO Holdings LLC / CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 06/01/33<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2857000 | 2548329 |
| Bell Telephone Company of Canada or Bell Canada |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 09/15/55<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1850000 | 1889425 |
| AMC Networks, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.50% due 07/15/32<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1375000 | 1420086 |
| &nbsp;&nbsp;&nbsp;10.25% due 01/15/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;350000 | 364315 |
| Rogers Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 03/15/82<sup>2,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1600000 | 1585856 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 04/15/31<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1720000 | 1440500 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;11.25% due 05/15/28<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 999416 |
| &nbsp;&nbsp;&nbsp;4.50% due 11/15/31<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;300000 | 194615 |
| &nbsp;&nbsp;&nbsp;6.50% due 02/01/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;100000 | 78814 |
| TELUS Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 10/15/55<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1200000 | 1231417 |
| Cogent Communications Group LLC / Cogent Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 06/15/27<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;850000 | 846181 |
| Ciena Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 01/31/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;850000 | 806883 |
| Sunrise FinCo I B.V. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 07/15/31<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;750000 | 716595 |
| Cogent Communications Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 06/15/27<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500000 | 498158 |
| VZ Secured Financing B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 01/15/32<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500000 | 443999 |
| Outfront Media Capital LLC / Outfront Media Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 01/15/29<sup>2</sup> | 325000 | 312354 |
| **Total Communications** |  | 43510878 |
| **Consumer, Non-cyclical - 7.4%** |  |  |
| DaVita, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 06/01/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;5200000 | 5006167 |
| US Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 06/01/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4250000 | 4144826 |
| Upbound Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 02/15/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3412000 | 3344108 |
| BCP V Modular Services Finance II plc |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 11/30/28<sup>4</sup> | EUR 3,000,000 | 3297690 |
| ADT Security Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 07/15/32<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3300000 | 3175452 |
| Bausch Health Companies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 06/01/28<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3300000 | 2978250 |
| Carriage Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 05/15/29<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3150000 | 2970929 |
| Sotheby's/Bidfair Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 06/01/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2200000 | 2003272 |
| TreeHouse Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 09/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | 1857777 |
| Reynolds American, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.70% due 08/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;1550000 | 1595213 |
| Cheplapharm Arzneimittel GmbH |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 01/15/28<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1379000 | 1339775 |
| JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 02/02/52 | &nbsp;&nbsp;&nbsp;&nbsp;1750000 | 1333621 |
| CPI CG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.00% due 07/15/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1256000 | 1314718 |
| Neogen Food Safety Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 07/20/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;900000 | 942699 |
| AZ Battery Property LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.73% due 02/20/46<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;980000 | 935645 |
| Verisure Holding AB |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 05/15/30<sup>2,4</sup> | EUR 650,000 | 789673 |
| Nobel Bidco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;3.13% due 06/15/28<sup>4</sup> | EUR 550,000 | 623318 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 03/10/55<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;550000 | 572609 |
| Albion Financing 1 SARL |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 05/21/30<sup>2</sup> | EUR 450,000 | 544217 |
| Albion Financing 1 SARL / Aggreko Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 05/21/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;450000 | 464356 |
| Herc Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 06/15/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;230000 | 239373 |
| &nbsp;&nbsp;&nbsp;7.25% due 06/15/33<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;170000 | 178328 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** | **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** | **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** |
| **Consumer, Non-cyclical - 7.4% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Sammontana Italia SpA |  |  |
| &nbsp;&nbsp;&nbsp;5.78% (3 Month EURIBOR + 3.75%, Rate Floor: 0.00%) due 10/15/31<sup>◊,4</sup> | EUR 350,000 | $408261 |
| Perrigo Finance Unlimited Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 09/30/32<sup>4</sup> | EUR 250,000 | 302324 |
| APi Group DE, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 10/15/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;250000 | 245739 |
| Williams Scotsman, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 10/01/31<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;150000 | 156897 |
| Darling Ingredients, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 06/15/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;150000 | 151626 |
| HealthEquity, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/01/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;75000 | 72502 |
| **Total Consumer, Non-cyclical** |  | 40989365 |
| **Industrial - 6.5%** |  |  |
| AP Grange Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 03/20/45<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3500000 | 3600625 |
| &nbsp;&nbsp;&nbsp;5.00% due 03/20/45<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;400000 | 404000 |
| Standard Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 07/15/30<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2400000 | 2299873 |
| &nbsp;&nbsp;&nbsp;3.38% due 01/15/31<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 907530 |
| TK Elevator US Newco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/27<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2630000 | 2622538 |
| Enviri Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 07/31/27<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2625000 | 2595490 |
| New Enterprise Stone & Lime Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.75% due 07/15/28<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2300000 | 2306509 |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/28<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;291000 | 287646 |
| MIWD Holdco II LLC / MIWD Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 02/01/30<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2600000 | 2555900 |
| GrafTech Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 12/23/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3200000 | 2272000 |
| Builders FirstSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 06/15/32<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1500000 | 1546824 |
| Clearwater Paper Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 08/15/28<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1609000 | 1522967 |
| Homestead Spe Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.21% due 04/01/55<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1500000 | 1520130 |
| Boots Group Finco L.P. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 08/31/32 | EUR 600,000 | 720412 |
| &nbsp;&nbsp;&nbsp;7.38% due 08/31/32 | GBP 500,000 | 689647 |
| Great Lakes Dredge & Dock Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 06/01/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1450000 | 1393723 |
| Brundage-Bone Concrete Pumping Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 02/01/32<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1350000 | 1346968 |
| Calderys Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;11.25% due 06/01/28<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1250000 | 1322944 |
| Mauser Packaging Solutions Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;7.88% due 04/15/27<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;700000 | 708332 |
| &nbsp;&nbsp;&nbsp;9.25% due 04/15/27<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;350000 | 348396 |
| AmeriTex HoldCo Intermediate LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.63% due 08/15/33<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;950000 | 980222 |
| Lottomatica Group SpA |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 01/31/31 | EUR 700,000 | 838374 |
| Terminal Investment Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 07/09/32<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;800000 | 805184 |
| Quikrete Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 03/01/33<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;700000 | 725572 |
| SCIL IV LLC / SCIL USA Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.50% due 07/15/28 | EUR 550,000 | 674649 |
| Worldpay US, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 01/15/31 | GBP 250,000 | 364067 |
| Waste Pro USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 02/01/33<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;300000 | 313689 |
| AP Grange Holdings LLC Deferral |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 03/20/45<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;191235 | 191235 |
| Amsted Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 03/15/33<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;150000 | 153643 |
| **Total Industrial** |  | 36019089 |
| **Consumer, Cyclical - 6.5%** |  |  |
| 1011778 BC ULC / New Red Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 10/15/30<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4500000 | 4207584 |
| Penn Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 07/01/29<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3350000 | 3122161 |
| Station Casinos LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 12/01/31<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3250000 | 3075390 |
| Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 06/01/31<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2200000 | 2081542 |
| Air Canada |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 08/15/29<sup>2</sup> | CAD 2,750,000 | 1982956 |
| Deuce FinCo plc |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 06/15/27<sup>4</sup> | GBP 1,200,000 | 1619064 |
| Wabash National Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/15/28<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1750000 | 1606113 |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 01/15/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1650000 | 1577318 |
| Boyne USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 05/15/29<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1600000 | 1570790 |
| Crocs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 03/15/29<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1625000 | 1545276 |
| Scientific Games Holdings Limited Partnership/Scientific Games US FinCo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.63% due 03/01/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1600000 | 1535527 |
| Steelcase, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 01/18/29 | &nbsp;&nbsp;&nbsp;&nbsp;1450000 | 1443693 |
| AccorInvest Group S.A. |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 05/15/32<sup>2</sup> | EUR 650,000 | 775166 |
| &nbsp;&nbsp;&nbsp;6.38% due 10/15/29<sup>2,4</sup> | EUR 200,000 | 247299 |
| &nbsp;&nbsp;&nbsp;5.79% (3 Month EURIBOR + 3.75%, Rate Floor: 0.00%) due 05/15/32<sup>◊,2</sup> | EUR 200,000 | 235031 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** | **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** | **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** |
| **Consumer, Cyclical - 6.5% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Allwyn Entertainment Financing UK plc |  |  |
| &nbsp;&nbsp;&nbsp;7.88% due 04/30/29<sup>2</sup> | 1200000 | $1248000 |
| Evergreen Acqco 1 Limited Partnership / TVI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.75% due 04/26/28<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1133000 | 1180361 |
| TVL Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;5.73% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 06/30/30<sup>◊,4</sup> | EUR 850,000 | 967905 |
| QuickTop HoldCo AB |  |  |
| &nbsp;&nbsp;&nbsp;6.54% (3 Month EURIBOR + 4.50%, Rate Floor: 0.00%) due 03/31/30<sup>◊,4</sup> | EUR 800,000 | 962858 |
| RB Global Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.75% due 03/15/31<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;650000 | 682106 |
| JB Poindexter & Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.75% due 12/15/31<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;590000 | 609347 |
| Hanesbrands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.00% due 02/15/31<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;550000 | 584704 |
| Somnigroup International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 10/15/31<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;600000 | 548907 |
| Beach Acquisition Bidco, LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/32 | EUR 450,000 | 537913 |
| Whirlpool Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.70% due 05/14/32 | &nbsp;&nbsp;&nbsp;&nbsp;300000 | 278669 |
| &nbsp;&nbsp;&nbsp;4.50% due 06/01/46 | &nbsp;&nbsp;&nbsp;&nbsp;100000 | 75311 |
| &nbsp;&nbsp;&nbsp;4.60% due 05/15/50 | &nbsp;&nbsp;&nbsp;&nbsp;100000 | 74381 |
| QXO Building Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 04/30/32<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;400000 | 413122 |
| ONE Hotels GmbH |  |  |
| &nbsp;&nbsp;&nbsp;7.75% due 04/02/31<sup>2,4</sup> | EUR 250,000 | 316694 |
| Lindblad Expeditions LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 09/15/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;300000 | 307230 |
| Wolverine World Wide, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 08/15/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;300000 | 275887 |
| New Flyer Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.25% due 07/01/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;200000 | 214539 |
| **Total Consumer, Cyclical** |  | 35902844 |
| **Energy - 4.0%** |  |  |
| ITT Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 08/01/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3750000 | 3676120 |
| Occidental Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.95% due 06/15/39<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3190000 | 3637675 |
| CVR Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 02/15/28<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3300000 | 3215717 |
| Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.88% due 02/01/32<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2550000 | 2776641 |
| Valero Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 06/01/52 | &nbsp;&nbsp;&nbsp;&nbsp;3350000 | 2392480 |
| NuStar Logistics, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 10/01/30<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2043000 | 2115306 |
| Buckeye Partners, LP |  |  |
| &nbsp;&nbsp;&nbsp;5.85% due 11/15/43 | &nbsp;&nbsp;&nbsp;&nbsp;1650000 | 1478054 |
| ONEOK, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 09/01/30<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;975000 | 1049265 |
| Global Partners Limited Partnership / GLP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 01/15/29 | 675000 | 684049 |
| &nbsp;&nbsp;&nbsp;7.13% due 07/01/33<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;150000 | 153525 |
| TransMontaigne Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 06/15/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;450000 | 473335 |
| BP Capital Markets plc |  |  |
| &nbsp;&nbsp;&nbsp;4.88% <sup>5,6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;451000 | 447072 |
| Vnom Sub, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 11/01/27<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;64000 | 63958 |
| **Total Energy** |  | 22163197 |
| **Basic Materials - 3.5%** |  |  |
| SK Invictus Intermediate II SARL |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 10/30/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4250000 | 4164426 |
| Kaiser Aluminum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 06/01/31<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4350000 | 4080776 |
| Ingevity Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 11/01/28<sup>2,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2900000 | 2778213 |
| SCIL IV LLC / SCIL USA Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 11/01/26<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2250000 | 2234809 |
| Illuminate Buyer LLC / Illuminate Holdings IV, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.00% due 07/01/28<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1850000 | 1850653 |
| Carpenter Technology Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.63% due 03/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;1600000 | 1647431 |
| &nbsp;&nbsp;&nbsp;6.38% due 07/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;200000 | 200595 |
| Anglo American Capital plc |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 04/01/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1050000 | 1097590 |
| Compass Minerals International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 12/01/27<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;583000 | 582584 |
| &nbsp;&nbsp;&nbsp;8.00% due 07/01/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;200000 | 209197 |
| Arsenal AIC Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.00% due 10/01/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;550000 | 582552 |
| WR Grace Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 06/15/27<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;164000 | 162681 |
| **Total Basic Materials** |  | 19591507 |
| **Technology - 1.8%** |  |  |
| CDW LLC / CDW Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.57% due 12/01/31 | &nbsp;&nbsp;&nbsp;&nbsp;1900000 | 1768628 |
| Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 03/31/29<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1660000 | 1678255 |
| Castor S.p.A. |  |  |
| &nbsp;&nbsp;&nbsp;7.23% (3 Month EURIBOR + 5.25%, Rate Floor: 5.25%) due 02/15/29<sup>◊,2,4</sup> | EUR 1,400,000 | 1530343 |
| TeamSystem SpA |  |  |
| &nbsp;&nbsp;&nbsp;5.53% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 07/31/31<sup>◊,2,4</sup> | EUR 1,300,000 | 1523846 |
| Foundry JV Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.20% due 01/25/37<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1350000 | 1419550 |
| Capstone Borrower, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.00% due 06/15/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 1047072 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** | **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** | **CORPORATE BONDS<sup>††</sup> - 52.5% (continued)** |
| **Technology - 1.8% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Dye & Durham Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 04/15/29<sup>2</sup> | 880000 | $919721 |
| Xerox Corp. |  |  |
| &nbsp;&nbsp;&nbsp;10.25% due 10/15/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;250000 | 259421 |
| **Total Technology** |  | 10146836 |
| **Utilities - 0.7%** |  |  |
| PacifiCorp |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 09/15/55<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1450000 | 1504608 |
| ContourGlobal Power Holdings S.A. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/28/30<sup>2,4</sup> | EUR 800,000 | 957674 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 08/15/55<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;451000 | 464927 |
| CMS Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 06/01/55<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;450000 | 459019 |
| Terraform Global Operating, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.13% due 03/01/26<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;442000 | 439583 |
| **Total Utilities** |  | 3825811 |
| **Total Corporate Bonds** | **Total Corporate Bonds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $298,854,554) | &nbsp;&nbsp;&nbsp;(Cost $298,854,554) | 290988192 |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5%** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5%** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5%** |
| **Consumer, Cyclical - 8.3%** |  |  |
| Pacific Bells LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.56% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 11/13/28 | &nbsp;&nbsp;&nbsp;&nbsp;2840553 | 2844103 |
| MB2 Dental Solutions LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.82% (1 Month Term SOFR + 5.50%, Rate Floor: 6.25%) due 02/13/31<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2415825 | 2403252 |
| Breitling Financing SARL |  |  |
| &nbsp;&nbsp;&nbsp;5.94% (6 Month EURIBOR + 3.90%, Rate Floor: 3.90%) due 10/25/28 | EUR 2,000,000 | 2109653 |
| FR Refuel LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.18% (1 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 11/08/28 | &nbsp;&nbsp;&nbsp;&nbsp;1924167 | 1904925 |
| The Facilities Group |  |  |
| &nbsp;&nbsp;&nbsp;10.06% (3 Month Term SOFR + 5.75%, Rate Floor: 6.75%) due 11/30/27<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1828715 | 1805510 |
| NFM & J LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.16% (3 Month Term SOFR + 5.75%, Rate Floor: 6.75%) due 11/30/27<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1798976 | 1776149 |
| Alexander Mann |  |  |
| &nbsp;&nbsp;&nbsp;10.46% (1 Month Term SOFR + 6.00%, Rate Floor: 6.00%) due 06/29/27 | &nbsp;&nbsp;&nbsp;&nbsp;1768500 | 1680075 |
| Applegreen Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.03% (3 Month EURIBOR + 5.00%, Rate Floor: 5.00%) due 01/23/32 | EUR 1,400,000 | 1653694 |
| PetSmart LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.36% (1 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 08/09/32 | &nbsp;&nbsp;&nbsp;&nbsp;1600000 | 1583008 |
| QSRP Finco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;6.07% (6 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 06/19/31 | EUR 1,300,000 | 1526736 |
| B&B Hotels |  |  |
| &nbsp;&nbsp;&nbsp;5.62% (1 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 03/21/31 | EUR 1,300,000 | 1523542 |
| PHM Group Holding OY |  |  |
| &nbsp;&nbsp;&nbsp;5.46% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 04/22/32 | EUR 1,300,000 | 1518629 |
| Allwyn Entertainment Financing US LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.87% (1 Month EURIBOR + 3.00%, Rate Floor: 3.00%) due 03/19/32 | EUR 1,250,000 | 1463028 |
| Clarios Global, LP |  |  |
| &nbsp;&nbsp;&nbsp;7.07% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 01/28/32 | &nbsp;&nbsp;&nbsp;&nbsp;1400000 | 1400000 |
| ATG Entertainment |  |  |
| &nbsp;&nbsp;&nbsp;8.97% (3 Month GBP SONIA + 4.75%, Rate Floor: 4.75%) due 04/19/32 | GBP 1,000,000 | 1357170 |
| Normec 1 B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.41% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 04/16/31 | EUR 1,150,000 | 1352229 |
| Blue Ribbon LLC |  |  |
| &nbsp;&nbsp;&nbsp;12.28% (3 Month Term SOFR + 4.00%, Rate Floor: 4.75%) (in-kind rate was 4.00%) due 05/08/28<sup>†††,7</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1242203 | 1235992 |
| One Hotels GmbH |  |  |
| &nbsp;&nbsp;&nbsp;6.19% (3 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 06/04/32 | EUR 1,000,000 | 1178355 |
| Cervantes Bidco S.L.U. |  |  |
| &nbsp;&nbsp;&nbsp;5.79% (6 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 12/03/31 | EUR 1,000,000 | 1173839 |
| Shilton BidCo Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.69% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 01/14/30 | EUR 1,000,000 | 1173347 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** |
| **Consumer, Cyclical - 8.3% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Entain Holdings (Gibraltar) Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.29% (6 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 06/30/28 | EUR 1,000,000 | $1173043 |
| Tipico |  |  |
| &nbsp;&nbsp;&nbsp;5.37% (6 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 05/22/28 | EUR 1,000,000 | 1170399 |
| Drive Bidco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.72% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 07/23/31 | EUR 1,000,000 | 1170001 |
| Shaw Development LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.31% (3 Month Term SOFR + 6.00%, Rate Floor: 6.00%) due 10/30/29<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1191303 | 1119147 |
| First Brands Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.57% (3 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 03/30/27 | &nbsp;&nbsp;&nbsp;&nbsp;1134062 | 1077359 |
| Alterra Mountain Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.82% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 05/31/30 | &nbsp;&nbsp;&nbsp;&nbsp;1042138 | 1042795 |
| Scenic Cruises |  |  |
| &nbsp;&nbsp;&nbsp;8.51% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 07/19/32 | &nbsp;&nbsp;&nbsp;&nbsp;900000 | 900027 |
| Thevelia US LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.30% (3 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 06/18/29 | &nbsp;&nbsp;&nbsp;&nbsp;896350 | 898214 |
| Tortuga Resorts GHD LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 08/13/32 | &nbsp;&nbsp;&nbsp;&nbsp;850000 | 850000 |
| Zephyr Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;9.47% (1 Month GBP SONIA + 5.50%, Rate Floor: 5.50%) due 07/20/28 | GBP 500,000 | 676362 |
| Oil Changer Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;11.06% (6 Month Term SOFR + 6.75%, Rate Floor: 7.75%) due 02/08/27<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;632935 | 632935 |
| CCRR Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.71% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 03/06/28 | &nbsp;&nbsp;&nbsp;&nbsp;1807921 | 542376 |
| Weight Watchers International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;11.12% (3 Month Term SOFR + 6.80%, Rate Floor: 6.80%) due 06/24/30 | &nbsp;&nbsp;&nbsp;&nbsp;502987 | 458975 |
| Secretariat Advisors LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.30% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 02/27/32 | 445121 | 446514 |
| Congruex Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.96% (3 Month Term SOFR + 1.50%, Rate Floor: 2.25%) (in-kind rate was 5.00%) due 05/03/29<sup>7</sup> | &nbsp;&nbsp;&nbsp;&nbsp;464572 | 389079 |
| American Auto Auction Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.82% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 05/22/32 | &nbsp;&nbsp;&nbsp;&nbsp;299250 | 301743 |
| AmSpec Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.80% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 12/22/31 | &nbsp;&nbsp;&nbsp;&nbsp;173333 | 174037 |
| &nbsp;&nbsp;&nbsp;7.82% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 12/22/31 | &nbsp;&nbsp;&nbsp;&nbsp;10667 | 10710 |
| Student Transportation Of America Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 06/24/32 | &nbsp;&nbsp;&nbsp;&nbsp;93333 | 93625 |
| &nbsp;&nbsp;&nbsp;7.56% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 06/24/32 | &nbsp;&nbsp;&nbsp;&nbsp;2133 | 2140 |
| Asphalt Atd Holdco, LLC |  |  |
| &nbsp;&nbsp;&nbsp;11.30% (3 Month Term SOFR + 7.00%, Rate Floor: 7.00%) (in-kind rate was 4.00%) due 02/28/30<sup>†††,7</sup> | &nbsp;&nbsp;&nbsp;&nbsp;85758 | 85758 |
| American Tire Distributors, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;due 10/23/28<sup>†††,8</sup> | &nbsp;&nbsp;&nbsp;&nbsp;175500 | – |
| **Total Consumer, Cyclical** |  | 45878475 |
| **Industrial - 7.5%** |  |  |
| Pelican Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.81% (3 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 12/29/28 | &nbsp;&nbsp;&nbsp;&nbsp;5548750 | 4771925 |
| Merlin Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.30% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 12/14/28 | &nbsp;&nbsp;&nbsp;&nbsp;3192750 | 3162163 |
| Icebox Holdco III, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.06% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 12/22/28 | &nbsp;&nbsp;&nbsp;&nbsp;3098687 | 3113685 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** |
| **Industrial - 7.5% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| ASP Dream Acquisiton Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.67% (1 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 12/15/28 | 3144375 | $2829937 |
| Capstone Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.92% (1 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 11/12/29<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2555280 | 2543376 |
| Rinchem Company LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.65% (3 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 03/02/29 | &nbsp;&nbsp;&nbsp;&nbsp;3104000 | 1674236 |
| Boluda Towage S.L. |  |  |
| &nbsp;&nbsp;&nbsp;5.37% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 01/31/30 | EUR 1,250,000 | 1471364 |
| Inspired Finco Holdings, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.12% (1 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 02/28/31 | EUR 1,250,000 | 1463262 |
| Fugue Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.95% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 01/09/32 | &nbsp;&nbsp;&nbsp;&nbsp;1389518 | 1391755 |
| Michael Baker International LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.31% (3 Month Term SOFR + 4.00%, Rate Floor: 4.75%) due 12/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;1386035 | 1390651 |
| Engineering Research And Consulting LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.29% (6 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 08/29/31 | &nbsp;&nbsp;&nbsp;&nbsp;1393000 | 1354692 |
| Foundation Building Materials Holding Company LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.31% ((1 Month Term SOFR + 4.00%) and (3 Month Term SOFR + 4.00%), Rate Floor: 4.00%) due 01/29/31 | &nbsp;&nbsp;&nbsp;&nbsp;1333125 | 1336791 |
| Hunter Douglas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.55% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 01/17/32 | &nbsp;&nbsp;&nbsp;&nbsp;1293500 | 1292957 |
| Aegion Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.32% (1 Month Term SOFR + 3.00%, Rate Floor: 3.75%) due 05/17/28 | &nbsp;&nbsp;&nbsp;&nbsp;1201013 | 1201769 |
| Pregis TopCo LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 02/28/29 | &nbsp;&nbsp;&nbsp;&nbsp;1181414 | 1191161 |
| Infragroup |  |  |
| &nbsp;&nbsp;&nbsp;5.48% (3 Month EURIBOR + 3.45%, Rate Floor: 3.45%) due 09/27/30 | EUR 1,000,000 | 1174810 |
| Engineered Machinery Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.98% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 05/21/28 | EUR 1,000,000 | 1173663 |
| Integrated Power Services Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.93% (1 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 11/22/28<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1160803 | 1158123 |
| Dispatch Terra Acquisition LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.70% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 03/27/28 | &nbsp;&nbsp;&nbsp;&nbsp;1169580 | 1140095 |
| Convergint |  |  |
| &nbsp;&nbsp;&nbsp;8.10% (1 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 07/12/32 | &nbsp;&nbsp;&nbsp;&nbsp;1081807 | 1084512 |
| Anchor Packaging LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 07/18/29 | &nbsp;&nbsp;&nbsp;&nbsp;792000 | 792792 |
| Atlantic Aviation |  |  |
| &nbsp;&nbsp;&nbsp;6.82% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 09/23/31 | &nbsp;&nbsp;&nbsp;&nbsp;780155 | 780006 |
| FCG Acquisitions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.55% (3 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 03/31/28 | &nbsp;&nbsp;&nbsp;&nbsp;692931 | 693873 |
| White Cap Supply Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/19/29 | &nbsp;&nbsp;&nbsp;&nbsp;643379 | 643444 |
| DXP Enterprises, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.07% (1 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 10/11/30 | &nbsp;&nbsp;&nbsp;&nbsp;640163 | 642365 |
| Service Logic Acquisition, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.31% ((1 Month Term SOFR + 3.00%) and (3 Month Term SOFR + 3.00%), Rate Floor: 3.75%) due 10/29/27 | &nbsp;&nbsp;&nbsp;&nbsp;541714 | 542164 |
| Mannington Mills, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.05% (3 Month Term SOFR + 4.75%, Rate Floor: 4.75%) due 03/07/32 | &nbsp;&nbsp;&nbsp;&nbsp;545875 | 532228 |
| Cognita Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 10/27/31 | &nbsp;&nbsp;&nbsp;&nbsp;497503 | 498747 |
| STS Operating, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.42% (1 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 03/25/31 | &nbsp;&nbsp;&nbsp;&nbsp;225000 | 222961 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** |
| **Industrial - 7.5% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Park River Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.80% (3 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 12/28/27 | 198445 | $197617 |
| **Total Industrial** |  | 41467124 |
| **Technology - 7.0%** |  |  |
| Visma AS |  |  |
| &nbsp;&nbsp;&nbsp;6.03% (6 Month EURIBOR + 3.70%, Rate Floor: 3.70%) due 12/05/28<sup>†††</sup> | EUR 2,500,000 | 2925003 |
| Polaris Newco LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.78% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 06/02/28 | EUR 1,488,402 | 1626689 |
| &nbsp;&nbsp;&nbsp;8.97% (1 Month GBP SONIA + 5.00%, Rate Floor: 5.00%) due 06/02/28 | GBP 989,717 | 1247346 |
| Cordobes Holdco SL |  |  |
| &nbsp;&nbsp;&nbsp;5.87% (1 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 02/02/29 | EUR 2,400,000 | 2809772 |
| Datix Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;9.46% (6 Month GBP SONIA + 5.25%, Rate Floor: 5.25%) due 04/30/31<sup>†††</sup> | GBP 1,304,000 | 1749220 |
| &nbsp;&nbsp;&nbsp;9.54% (6 Month Term SOFR + 5.25%, Rate Floor: 5.75%) due 04/30/31<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;370000 | 370000 |
| &nbsp;&nbsp;&nbsp;9.54% (6 Month Term SOFR + 5.25%, Rate Floor: 5.75%) due 10/30/30<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;35000 | 31376 |
| Precise Midco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;4.98% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 11/22/30 | EUR 1,670,000 | 1955895 |
| Total Webhosting Solutions BV |  |  |
| &nbsp;&nbsp;&nbsp;5.90% (6 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 11/06/31 | EUR 1,500,000 | 1761583 |
| Kerridge Commercial Systems Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;9.47% (3 Month GBP SONIA + 5.25%, Rate Floor: 6.00%) due 09/07/30<sup>†††</sup> | GBP 1,200,000 | 1599796 |
| Bock Capital Bidco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.48% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 06/29/28 | EUR 1,200,000 | 1412074 |
| Kaseya, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 03/22/32 | &nbsp;&nbsp;&nbsp;&nbsp;1396500 | 1398637 |
| DS Admiral Bidco LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.55% (3 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 06/26/31 | &nbsp;&nbsp;&nbsp;&nbsp;1369108 | 1367396 |
| Modena Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.81% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 07/01/31 | 1389500 | 1365684 |
| Apttus Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.81% (3 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 05/08/28 | &nbsp;&nbsp;&nbsp;&nbsp;1362487 | 1362065 |
| Boxer Parent Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.20% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 07/30/31 | &nbsp;&nbsp;&nbsp;&nbsp;1346625 | 1344161 |
| Blackhawk Network Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 5.00%) due 03/12/29 | &nbsp;&nbsp;&nbsp;&nbsp;1336534 | 1341359 |
| Wrench Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.56% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 10/30/28 | &nbsp;&nbsp;&nbsp;&nbsp;1333125 | 1331045 |
| Leia Finco US LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/09/31 | &nbsp;&nbsp;&nbsp;&nbsp;1296750 | 1299188 |
| TSG Solutions Holding |  |  |
| &nbsp;&nbsp;&nbsp;6.03% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 05/04/32 | EUR 1,000,000 | 1175851 |
| Finastra |  |  |
| &nbsp;&nbsp;&nbsp;11.43% (6 Month Term SOFR + 7.25%, Rate Floor: 8.25%) due 09/13/29 | &nbsp;&nbsp;&nbsp;&nbsp;1185000 | 1173150 |
| Team.Blue Finco SARL |  |  |
| &nbsp;&nbsp;&nbsp;5.68% (3 Month EURIBOR + 3.45%, Rate Floor: 3.45%) due 09/30/29 | EUR 1,000,000 | 1172049 |
| Indicor LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.48% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 11/22/29 | EUR 997,494 | 1169986 |
| Pushpay USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.30% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 08/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;1144250 | 1148541 |
| Planview Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.80% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 12/17/27 | &nbsp;&nbsp;&nbsp;&nbsp;1042665 | 1017037 |
| Alteryx, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.32% (1 Month Term SOFR + 6.00%, Rate Floor: 6.75%) due 03/19/31<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;937500 | 937500 |
| CoreLogic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.93% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 06/02/28 | &nbsp;&nbsp;&nbsp;&nbsp;884887 | 881789 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** |
| **Technology - 7.0% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Xerox Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.27% ((3 Month Term SOFR + 4.00%) and (6 Month Term SOFR + 4.00%), Rate Floor: 4.50%) due 11/17/29 | 917727 | $854863 |
| Central Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.55% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 07/06/29 | &nbsp;&nbsp;&nbsp;&nbsp;524773 | 437902 |
| Azurite Intermediate Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.32% (1 Month Term SOFR + 6.00%, Rate Floor: 6.75%) due 03/19/31<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;412500 | 412500 |
| Finastra USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;11.57% (3 Month Term SOFR + 7.25%, Rate Floor: 8.25%) due 09/13/29<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;6352 | 5824 |
| **Total Technology** |  | 38685281 |
| **Consumer, Non-cyclical - 6.9%** |  |  |
| LaserAway Intermediate Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.33% (3 Month Term SOFR + 5.75%, Rate Floor: 6.50%) due 10/14/27 | &nbsp;&nbsp;&nbsp;&nbsp;5548750 | 5437775 |
| Gibson Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.58% (3 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 08/11/28 | &nbsp;&nbsp;&nbsp;&nbsp;5548750 | 5195017 |
| Women's Care Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.91% (3 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 01/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;2887218 | 2620150 |
| Blue Ribbon LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.55% (3 Month Term SOFR + 6.00%, Rate Floor: 6.75%) due 05/08/28 | &nbsp;&nbsp;&nbsp;&nbsp;3291139 | 2336709 |
| Nidda Healthcare Holding GmbH |  |  |
| &nbsp;&nbsp;&nbsp;5.42% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 02/21/30 | EUR 1,800,000 | 2107329 |
| Florida Food Products LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.56% (3 Month Term SOFR + 5.00%, Rate Floor: 5.75%) due 10/18/28 | &nbsp;&nbsp;&nbsp;&nbsp;2893641 | 1938739 |
| Pimente Investissement S.A.S. |  |  |
| &nbsp;&nbsp;&nbsp;5.66% (3 Month EURIBOR + 3.68%, Rate Floor: 3.68%) due 12/31/28 | EUR 1,350,000 | 1587968 |
| Recess Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.07% (3 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 02/20/30 | 1580060 | 1586981 |
| HAH Group Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.32% (1 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 09/24/31 | &nbsp;&nbsp;&nbsp;&nbsp;1742174 | 1557800 |
| Bowtie Germany Bidco GmbH |  |  |
| &nbsp;&nbsp;&nbsp;5.98% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 08/01/31 | EUR 1,300,000 | 1520059 |
| Affidea |  |  |
| &nbsp;&nbsp;&nbsp;5.69% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 07/20/29 | EUR 1,250,000 | 1465544 |
| Curriculum Associates LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.95% (3 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 05/07/32<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1400000 | 1393329 |
| Hanger, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 10/23/31 | &nbsp;&nbsp;&nbsp;&nbsp;1261098 | 1263468 |
| Culligan |  |  |
| &nbsp;&nbsp;&nbsp;7.35% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 07/31/28 | &nbsp;&nbsp;&nbsp;&nbsp;1240648 | 1240710 |
| AI Monet (Luxembourg) Parentco SARL |  |  |
| &nbsp;&nbsp;&nbsp;5.72% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 03/06/31 | EUR 1,000,000 | 1174880 |
| Domidep |  |  |
| &nbsp;&nbsp;&nbsp;5.41% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 10/24/29 | EUR 1,000,000 | 1174026 |
| Artisan Newco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.96% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 04/01/32 | EUR 989,866 | 1162974 |
| Chefs' Warehouse, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.32% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 08/23/29 | &nbsp;&nbsp;&nbsp;&nbsp;968875 | 972508 |
| Outcomes Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.32% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 05/06/31 | &nbsp;&nbsp;&nbsp;&nbsp;693013 | 696353 |
| IVI America LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.05% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 04/18/31 | &nbsp;&nbsp;&nbsp;&nbsp;643500 | 645379 |
| Ceva Sante |  |  |
| &nbsp;&nbsp;&nbsp;6.98% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 11/08/30 | &nbsp;&nbsp;&nbsp;&nbsp;493769 | 494179 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** |
| **Consumer, Non-cyclical - 6.9% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Balrog Acquisition, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.43% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 09/05/28 | 400000 | $387168 |
| Midwest Physician Administrative Services |  |  |
| &nbsp;&nbsp;&nbsp;7.56% (3 Month Term SOFR + 3.00%, Rate Floor: 3.75%) due 03/12/28 | &nbsp;&nbsp;&nbsp;&nbsp;369830 | 345869 |
| **Total Consumer, Non-cyclical** |  | 38304914 |
| **Financial - 4.3%** |  |  |
| Eisner Advisory Group |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 02/28/31 | &nbsp;&nbsp;&nbsp;&nbsp;2708939 | 2724190 |
| Higginbotham Insurance Agency, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.82% (1 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 11/24/28<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2376000 | 2361394 |
| &nbsp;&nbsp;&nbsp;9.07% (1 Month Term SOFR + 4.75%, Rate Floor: 5.75%) due 11/24/28<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;171292 | 170239 |
| Cegid Group |  |  |
| &nbsp;&nbsp;&nbsp;4.78% (3 Month EURIBOR + 2.75%, Rate Floor: 2.75%) due 07/10/28 | EUR 1,450,000 | 1694177 |
| Howden Group Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 02/15/31 | EUR 1,250,000 | 1467825 |
| Cobham Ultra SeniorCo SARL |  |  |
| &nbsp;&nbsp;&nbsp;8.37% (6 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 08/03/29 | &nbsp;&nbsp;&nbsp;&nbsp;1439152 | 1440433 |
| Nexus Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 07/31/31 | &nbsp;&nbsp;&nbsp;&nbsp;1442759 | 1439455 |
| Aretec Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 08/09/30 | &nbsp;&nbsp;&nbsp;&nbsp;1382069 | 1382691 |
| Asurion LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.57% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 09/19/30 | &nbsp;&nbsp;&nbsp;&nbsp;893250 | 881388 |
| &nbsp;&nbsp;&nbsp;8.67% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 08/19/28 | &nbsp;&nbsp;&nbsp;&nbsp;488750 | 488061 |
| Cliffwater LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.31% (3 Month Term SOFR + 5.00%, Rate Floor: 5.75%) due 03/19/32<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1366575 | 1362216 |
| Tegra118 Wealth Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.20% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 02/18/27 | &nbsp;&nbsp;&nbsp;&nbsp;1230570 | 1215188 |
| Diot-Siaci |  |  |
| &nbsp;&nbsp;&nbsp;5.43% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 07/26/32 | EUR 1,000,000 | 1170914 |
| Duff & Phelps |  |  |
| &nbsp;&nbsp;&nbsp;5.98% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 04/09/27 | EUR 989,583 | 1150994 |
| Orion Advisor Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 09/09/30 | &nbsp;&nbsp;&nbsp;&nbsp;992500 | 995070 |
| CFC USA 2025 LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.04% due 05/29/32 | &nbsp;&nbsp;&nbsp;&nbsp;850000 | 842035 |
| Fusion Intermediate, LLC |  |  |
| &nbsp;&nbsp;&nbsp;12.40% (3 Month Term SOFR + 8.00%, Rate Floor: 8.00%) due 06/06/30 | &nbsp;&nbsp;&nbsp;&nbsp;741581 | 746528 |
| IntraFi |  |  |
| &nbsp;&nbsp;&nbsp;10.07% (1 Month Term SOFR + 5.75%, Rate Floor: 5.75%) due 01/31/32 | &nbsp;&nbsp;&nbsp;&nbsp;700000 | 695625 |
| Ardonagh Midco 3 plc |  |  |
| &nbsp;&nbsp;&nbsp;6.95% ((3 Month Term SOFR + 2.75%) and (6 Month Term SOFR + 2.75%), Rate Floor: 2.75%) due 02/18/31 | &nbsp;&nbsp;&nbsp;&nbsp;598500 | 597381 |
| Apex Group Treasury LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.75% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 02/19/32 | &nbsp;&nbsp;&nbsp;&nbsp;537694 | 537828 |
| Claros Mortgage Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.92% (1 Month Term SOFR + 4.50%, Rate Floor: 5.00%) due 08/09/26 | &nbsp;&nbsp;&nbsp;&nbsp;337513 | 326544 |
| Orion US FinCo |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 05/20/32 | &nbsp;&nbsp;&nbsp;&nbsp;300000 | 301983 |
| **Total Financial** |  | 23992159 |
| **Basic Materials - 0.9%** |  |  |
| NIC Acquisition Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.31% (3 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 12/29/27 | &nbsp;&nbsp;&nbsp;&nbsp;3058042 | 2587103 |
| GrafTech Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.32% (1 Month Term SOFR + 6.00%, Rate Floor: 8.00%) due 12/21/29 | &nbsp;&nbsp;&nbsp;&nbsp;1011373 | 1024653 |
| Wr Grace Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.19% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 08/11/32 | &nbsp;&nbsp;&nbsp;&nbsp;850000 | 848938 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.5% (continued)** |
| **Basic Materials - 0.9% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Discovery Purchaser Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.08% (3 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 10/04/29 | 547253 | $545431 |
| Arsenal AIC Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.07% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 08/19/30 | &nbsp;&nbsp;&nbsp;&nbsp;294784 | 294692 |
| **Total Basic Materials** |  | 5300817 |
| **Communications - 0.4%** |  |  |
| Speedster Bidco GmbH |  |  |
| &nbsp;&nbsp;&nbsp;5.88% (6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 12/10/31 | EUR 1,000,000 | 1174880 |
| Cengage Learning, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.76% ((1 Month Term SOFR + 3.50%) and (3 Month Term SOFR + 3.50%), Rate Floor: 4.50%) due 03/24/31 | &nbsp;&nbsp;&nbsp;&nbsp;544514 | 545102 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.57% (1 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 03/21/32 | &nbsp;&nbsp;&nbsp;&nbsp;380000 | 381505 |
| **Total Communications** |  | 2101487 |
| **Utilities - 0.1%** |  |  |
| Powergrid Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.04% (3 Month Term SOFR + 4.75%, Rate Floor: 4.75%) due 03/31/32<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;680588 | 680588 |
| Powergrid Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.04% (1 Month Term SOFR + 4.75%, Rate Floor: 4.75%) due 03/31/32 | &nbsp;&nbsp;&nbsp;&nbsp;7951 | 7951 |
| **Total Utilities** |  | 688539 |
| **Energy - 0.1%** |  |  |
| Par Petroleum LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.03% (3 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 02/28/30 | &nbsp;&nbsp;&nbsp;&nbsp;575796 | 574500 |
| **Total Senior Floating Rate Interests** | **Total Senior Floating Rate Interests** |  |
| &nbsp;&nbsp;&nbsp;(Cost $199,130,477) | &nbsp;&nbsp;&nbsp;(Cost $199,130,477) | 196993296 |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 22.8%** | **ASSET-BACKED SECURITIES<sup>††</sup> - 22.8%** | **ASSET-BACKED SECURITIES<sup>††</sup> - 22.8%** |
| **Collateralized Loan Obligations - 10.1%** |  |  |
| Madison Park Funding LIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-53A E, 10.33% (3 Month Term SOFR + 6.00%, Rate Floor: 6.00%) due 04/21/35<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;7500000 | 7412489 |
| Boyce Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A E, 10.58% (3 Month Term SOFR + 6.25%, Rate Floor: 6.25%) due 04/21/35<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4000000 | 4004255 |
| Fontainbleau Vegas |  |  |
| &nbsp;&nbsp;&nbsp; 10.01% (1 Month Term SOFR + 5.65%, Rate Floor: 1.00%) due 01/31/28<sup>◊,†††</sup> | 2500000 | 2500000 |
| Carlyle Global Market Strategies |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A E, 11.67% (3 Month Term SOFR + 7.35%, Rate Floor: 7.35%) due 04/15/35<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2250000 | 2249916 |
| Cerberus Loan Funding XLIV LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-5A C, 8.52% (3 Month Term SOFR + 4.20%, Rate Floor: 4.20%) due 01/15/36<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2050000 | 2073747 |
| RR Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-39A SUB, due 04/15/38<sup>2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1250000 | 1134475 |
| &nbsp;&nbsp;&nbsp;2025-41A, due 10/15/40<sup>2,10</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 900000 |
| Cerberus Loan Funding XLII LLC |  |  |
| &nbsp;&nbsp;&nbsp;2023-3A C, 8.47% (3 Month Term SOFR + 4.15%, Rate Floor: 4.15%) due 09/13/35<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | 2000000 |
| Cerberus Loan Funding 52 LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-3A C, (3 Month Term SOFR +2.20%, Rate Floor: 2.20%) due 10/15/37<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | 2000000 |
| Neuberger Berman Loan Advisers CLO 47 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-47A E, 10.57% (3 Month Term SOFR + 6.25%, Rate Floor: 6.25%) due 04/14/35<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1750000 | 1758326 |
| Owl Rock CLO I LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-1A C, 8.45% (3 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 02/20/36<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1550000 | 1565807 |
| FS Rialto Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-FL9 C, 7.00% (1 Month Term SOFR + 2.64%, Rate Floor: 2.65%) due 10/19/39<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1550000 | 1546570 |
| Ares Direct Lending CLO 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-2A D, 8.23% (3 Month Term SOFR + 3.90%, Rate Floor: 3.90%) due 10/20/36<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1500000 | 1532398 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 22.8% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 22.8% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 22.8% (continued)** |
| **Collateralized Loan Obligations - 10.1% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Cerberus Loan Funding XLV LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-1A D, 9.32% (3 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 04/15/36<sup>◊,2</sup> | 1500000 | $1513974 |
| Neuberger Berman Loan Advisers CLO 57 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-57A SUB, due 10/24/38<sup>2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1600000 | 1322265 |
| GoldenTree Loan Management US CLO 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-9A DR, 7.68% (3 Month Term SOFR + 3.35%, Rate Floor: 3.35%) due 04/20/37<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1150000 | 1156915 |
| Wonder Lake Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-1A SUB, due 07/24/38<sup>2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1200000 | 1016311 |
| Ares Loan Funding V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-ALF5A E, 10.92% (3 Month Term SOFR + 6.60%, Rate Floor: 6.60%) due 07/27/37<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 1011618 |
| Cerberus Loan Funding XL LLC |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A D, 10.72% (3 Month Term SOFR + 6.40%, Rate Floor: 6.40%) due 03/22/35<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 1011520 |
| Voya CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A SUB, due 04/20/35<sup>2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1750000 | 1011448 |
| Cerberus Loan Funding XLVI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2024-2A D, 9.27% (3 Month Term SOFR + 4.95%, Rate Floor: 4.95%) due 07/15/36<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 1009019 |
| HPS Private Credit CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-3A D, 8.26% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 07/20/37<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 1007319 |
| Golub Capital Partners CLO 46M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-46A CR, 7.38% (3 Month Term SOFR + 3.05%, Rate Floor: 3.05%) due 04/20/37<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 1003259 |
| CIFC Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-3A E, 11.60% (3 Month Term SOFR + 7.27%, Rate Floor: 7.27%) due 04/21/35<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 1001500 |
| Carlyle US CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-4A DR, 10.92% (3 Month Term SOFR + 6.60%, Rate Floor: 6.60%) due 04/15/35<sup>◊,2</sup> | 1000000 | 1000436 |
| Ares CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-77A SUB, due 07/15/38<sup>2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 954841 |
| Octagon 78 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-3A SUB, (WAC) due 10/20/38<sup>◊,†††,2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1100000 | 945472 |
| KREF Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL2 AS, 5.78% (1 Month Term SOFR + 1.41%, Rate Floor: 1.30%) due 02/15/39<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;950000 | 932162 |
| Carlyle US CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-4A SUB, (WAC) due 10/25/37<sup>◊,†††,2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 891900 |
| Brant Point CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-7A SUB, due 07/25/38<sup>2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 863458 |
| Owl Rock CLO XVI LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-16A C, 7.63% (3 Month Term SOFR + 3.30%, Rate Floor: 3.30%) due 04/20/36<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;850000 | 853483 |
| Hamlin Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-1A SUB, due 10/20/37<sup>2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 831500 |
| Cerberus Loan Funding XLVII LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-3A D, 8.67% (3 Month Term SOFR + 4.35%, Rate Floor: 4.35%) due 07/15/36<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;800000 | 806539 |
| Symphony CLO 48 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-48A SUB, due 04/20/38<sup>2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;850000 | 756339 |
| Generate CLO 21 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-21A SUB, due 07/25/38<sup>2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;750000 | 660445 |
| Regatta 34 Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-3A SUB, due 07/20/38<sup>2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;650000 | 648001 |
| GoldenTree Loan Management US CLO 24 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-24A E, 8.88% (3 Month Term SOFR + 4.60%, Rate Floor: 4.60%) due 10/20/38<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;600000 | 598977 |
| Regatta 33 Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-2A SUB, due 07/25/38<sup>2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;600000 | 598155 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 22.8% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 22.8% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 22.8% (continued)** |
| **Collateralized Loan Obligations - 10.1% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Madison Park Funding LVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-58A D, 7.97% (3 Month Term SOFR + 3.65%, Rate Floor: 3.65%) due 04/25/37<sup>◊,2</sup> | 550000 | $554349 |
| AGL CLO 17 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-17A ER, 8.98% (3 Month Term SOFR + 4.65%, Rate Floor: 4.65%) due 01/21/35<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500000 | 482500 |
| Bayard Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-1A SUB, due 07/24/38<sup>2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500000 | 408733 |
| OCP CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-38A SUB, due 01/21/38<sup>2,9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;500000 | 372217 |
| Ballyrock CLO 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A DR, 11.33% (3 Month Term SOFR + 7.01%, Rate Floor: 6.75%) due 07/15/32<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;250000 | 250158 |
| **Total Collateralized Loan Obligations** |  | 56152796 |
| **Financial - 4.3%** |  |  |
| Thunderbird A |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/37<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;8500000 | 7929395 |
| Lightning A |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/37<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;8500000 | 7929395 |
| Ceamer Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.92% due 11/15/37<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2095500 | 2157883 |
| Obsidian Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.93% due 05/15/55<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1400000 | 1400000 |
| LVNV Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.84% due 06/12/29<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1200000 | 1232136 |
| Metis Issuer, LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.89% due 05/15/55<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1200000 | 1194084 |
| Thunderbird B |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 03/01/37<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1100000 | 1030700 |
| Lightning B |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 03/01/37<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1100000 | 1030700 |
| **Total Financial** |  | 23904293 |
| **Infrastructure - 2.9%** |  |  |
| Hotwire Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 4.46% due 11/20/51<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;7700000 | 7542326 |
| VB-S1 Issuer LLC - VBTEL |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A, 5.27% due 02/15/52<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;5000000 | 4752808 |
| Switch ABS Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-2A, 5.44% due 06/25/54<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1400000 | 1413451 |
| Blue Stream Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A, 6.90% due 05/20/53<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 1018083 |
| Vault DI Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.80% due 07/15/46<sup>2</sup> | 650000 | 634148 |
| Aligned Data Centers Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.48% due 08/15/46<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;400000 | 386645 |
| **Total Infrastructure** |  | 15747461 |
| **Transport-Aircraft - 2.6%** |  |  |
| GAIA Aviation Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.97% due 12/15/44<sup>2,11</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3011136 | 2919387 |
| &nbsp;&nbsp;&nbsp;2019-1, 5.19% due 12/15/44<sup>2,11</sup> | &nbsp;&nbsp;&nbsp;&nbsp;750994 | 683360 |
| JOL Air Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.97% due 04/15/44<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2584184 | 2565242 |
| AASET Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A, 2.80% due 01/15/47<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;667023 | 628210 |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.95% due 11/16/41<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;559543 | 535359 |
| &nbsp;&nbsp;&nbsp;2021-2A, 3.54% due 01/15/47<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;468908 | 443719 |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.35% due 01/16/40<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;335808 | 330415 |
| Start Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1, 4.09% due 05/15/43<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;895901 | 895453 |
| &nbsp;&nbsp;&nbsp;2018-1, 5.32% due 05/15/43<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;653076 | 652501 |
| Project Silver |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.97% due 07/15/44<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1380608 | 1336387 |
| KDAC Aviation Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-1A, 4.21% due 12/15/42<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1279260 | 1263269 |
| Labrador Aviation Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2016-1A, 4.30% due 01/15/42<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1062186 | 1035589 |
| Start II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 4.09% due 03/15/44<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;554683 | 551189 |
| Castlelake Aircraft Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 3.97% due 04/15/39<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;213861 | 205882 |
| &nbsp;&nbsp;&nbsp;2018-1, 4.13% due 06/15/43<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;146033 | 142147 |
| **Total Transport-Aircraft** |  | 14188109 |
| **Insurance - 1.6%** |  |  |
| Obra Longevity |  |  |
| &nbsp;&nbsp;&nbsp;8.48% due 06/30/39<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;5500000 | 5842485 |
| Dogwood State Bank |  |  |
| &nbsp;&nbsp;&nbsp;6.45% due 06/24/32<sup>†††</sup> | &nbsp;&nbsp;&nbsp;&nbsp;2750000 | 2766115 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 22.8% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 22.8% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 22.8% (continued)** |
| **Insurance - 1.6% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| CHEST |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 03/23/43<sup>†††</sup> | 450000 | $472617 |
| **Total Insurance** |  | 9081217 |
| **Net Lease - 0.8%** |  |  |
| CARS-DB4, LP |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 4.95% due 02/15/50<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1450000 | 1319132 |
| &nbsp;&nbsp;&nbsp;2020-1A, 4.52% due 02/15/50<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 970224 |
| CARS-DB7, LP |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A, 6.50% due 09/15/53<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1028125 | 1038531 |
| SVC ABS LLC |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A, 5.55% due 02/20/53<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;993750 | 976461 |
| **Total Net Lease** |  | 4304348 |
| **Single Family Residence - 0.5%** |  |  |
| FirstKey Homes Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.50% due 10/19/37<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1100000 | 1093912 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.00% due 10/19/37<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1100000 | 1093436 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 3.37% due 10/19/37<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;700000 | 695359 |
| **Total Single Family Residence** |  | 2882707 |
| **Total Asset-Backed Securities** | **Total Asset-Backed Securities** |  |
| &nbsp;&nbsp;&nbsp;(Cost $126,954,093) | &nbsp;&nbsp;&nbsp;(Cost $126,954,093) | 126260931 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 5.4%** | **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 5.4%** | **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 5.4%** |
| **Government Agency - 2.8%** |  |  |
| Uniform MBS 30 Year |  |  |
| &nbsp;&nbsp;&nbsp; due 11/01/25 | &nbsp;&nbsp;&nbsp;&nbsp;9700000 | 9747006 |
| &nbsp;&nbsp;&nbsp; due 11/01/25 | &nbsp;&nbsp;&nbsp;&nbsp;5474000 | 5667249 |
| **Total Government Agency** |  | 15414255 |
| **Residential Mortgage-Backed Securities - 1.4%** |  |  |
| Mill City Securities Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-RS1, 4.00% due 11/01/69<sup>2,11</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3150000 | 2877525 |
| Carrington Mortgage Loan Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2006-NC5, 4.59% (1 Month Term SOFR + 0.26%, Rate Cap/Floor: 14.50%/0.15%) due 01/25/37<sup>◊</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1237286 | 1105209 |
| LSTAR Securities Investment Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-1, 7.45% (30 Day Average SOFR + 3.10%, Rate Floor: 3.10%) due 01/01/29<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1096605 | 1102831 |
| CFMT LLC |  |  |
| &nbsp;&nbsp;&nbsp;2022-HB9, 3.25% (WAC) due 09/25/37<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;700000 | 673879 |
| Top Pressure Recovery Turbines |  |  |
| &nbsp;&nbsp;&nbsp;7.51% due 11/01/69 | 647238 | 647238 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM5, 5.71% due 08/25/67<sup>2,11</sup> | &nbsp;&nbsp;&nbsp;&nbsp;601758 | 599360 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM8, 6.10% due 09/25/62<sup>2,11</sup> | &nbsp;&nbsp;&nbsp;&nbsp;351178 | 349875 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2022-A, 9.17% due 09/25/62<sup>2,11</sup> | &nbsp;&nbsp;&nbsp;&nbsp;338117 | 339026 |
| Saluda Grade Alternative Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2023-FIG4, 7.12% (WAC) due 11/25/53<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;315924 | 326602 |
| **Total Residential Mortgage-Backed Securities** |  | 8021545 |
| **Commercial Mortgage-Backed Securities - 1.1%** |  |  |
| BX Trust |  |  |
| &nbsp;&nbsp;&nbsp;2024-VLT4, 6.80% (1 Month Term SOFR + 2.44%, Rate Floor: 2.44%) due 07/15/29<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1650000 | 1645875 |
| &nbsp;&nbsp;&nbsp;2023-DELC, 7.70% (1 Month Term SOFR + 3.34%, Rate Floor: 3.34%) due 05/15/38<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1000000 | 1006870 |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-VOLT, 6.48% (1 Month Term SOFR + 2.11%, Rate Floor: 2.00%) due 09/15/36<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1211035 | 1206115 |
| &nbsp;&nbsp;&nbsp;2024-AIRC, 6.95% (1 Month Term SOFR + 2.59%, Rate Floor: 2.59%) due 08/15/39<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;468098 | 469707 |
| BXHPP Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-FILM, 5.58% (1 Month Term SOFR + 1.21%, Rate Floor: 1.10%) due 08/15/36<sup>◊,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;1700000 | 1537233 |
| **Total Commercial Mortgage-Backed Securities** |  | 5865800 |
| **Military Housing - 0.1%** |  |  |
| Freddie Mac Military Housing Bonds Resecuritization Trust Certificates |  |  |
| &nbsp;&nbsp;&nbsp;2015-R1, 0.70% (WAC) due 10/25/52<sup>◊,2,12</sup> | &nbsp;&nbsp;&nbsp;&nbsp;11748483 | 670171 |
| **Total Collateralized Mortgage Obligations** | **Total Collateralized Mortgage Obligations** |  |
| &nbsp;&nbsp;&nbsp;(Cost $29,951,638) | &nbsp;&nbsp;&nbsp;(Cost $29,951,638) | 29971771 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Face<br> Amount<sup>~</sup>** | **Value** |
| **U.S. TREASURY BILLS<sup>††</sup> - 2.7%** | **U.S. TREASURY BILLS<sup>††</sup> - 2.7%** |

---

---

| | | |
|:---|:---|:---|
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills |
| &nbsp;&nbsp;&nbsp;4.18% due 10/23/25<sup>13</sup> | 11240000 | $11174396 |
| &nbsp;&nbsp;&nbsp;4.20% due 10/23/25<sup>13</sup> | 3100000 | 3081906 |
| &nbsp;&nbsp;&nbsp;4.24% due 09/04/25<sup>13</sup> | 400000 | 399906 |
| **Total U.S. Treasury Bills** | **Total U.S. Treasury Bills** |  |
| &nbsp;&nbsp;&nbsp;(Cost $14,652,247) |  | 14656208 |
| **U.S. GOVERNMENT SECURITIES<sup>††</sup> - 1.0%** | **U.S. GOVERNMENT SECURITIES<sup>††</sup> - 1.0%** | **U.S. GOVERNMENT SECURITIES<sup>††</sup> - 1.0%** |
| U.S. Treasury Bonds | U.S. Treasury Bonds | U.S. Treasury Bonds |
| &nbsp;&nbsp;&nbsp; due 08/15/51<sup>4,14,15</sup> | 12650000 | 3405266 |
| &nbsp;&nbsp;&nbsp; due 05/15/44<sup>4,14,15</sup> | 1910000 | 752389 |
| &nbsp;&nbsp;&nbsp; due 11/15/44<sup>14,15</sup> | 1910000 | 731442 |
| &nbsp;&nbsp;&nbsp; due 02/15/46<sup>14,15,16</sup> | 1920000 | 686938 |
| **Total U.S. Government Securities** | **Total U.S. Government Securities** |  |
| &nbsp;&nbsp;&nbsp;(Cost $8,490,490) |  | 5576035 |
| **FOREIGN GOVERNMENT DEBT<sup>††</sup> - 0.3%** | **FOREIGN GOVERNMENT DEBT<sup>††</sup> - 0.3%** | **FOREIGN GOVERNMENT DEBT<sup>††</sup> - 0.3%** |
| Panama Government International Bond | Panama Government International Bond | Panama Government International Bond |
| &nbsp;&nbsp;&nbsp;4.50% due 01/19/63 | &nbsp;&nbsp;&nbsp;&nbsp;1700000 | 1153620 |
| Eagle Funding Luxco SARL | Eagle Funding Luxco SARL | Eagle Funding Luxco SARL |
| &nbsp;&nbsp;&nbsp;5.50% due 08/17/30<sup>2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;700000 | 709870 |
| **Total Foreign Government Debt** | **Total Foreign Government Debt** |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,387,980) |  | 1863490 |
| **SENIOR FIXED RATE INTERESTS<sup>††</sup> - 0.1%** | **SENIOR FIXED RATE INTERESTS<sup>††</sup> - 0.1%** | **SENIOR FIXED RATE INTERESTS<sup>††</sup> - 0.1%** |
| **Industrial - 0.1%** |  |  |
| Cognita Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.84% due 10/27/31 | &nbsp;&nbsp;&nbsp;&nbsp;650000 | 651625 |
| **Total Senior Fixed Rate Interests** | **Total Senior Fixed Rate Interests** |  |
| &nbsp;&nbsp;&nbsp;(Cost $648,393) | &nbsp;&nbsp;&nbsp;(Cost $648,393) | 651625 |
|  | **Contracts/Notional**<br> **Value~** | **Value** |
| **LISTED OPTIONS PURCHASED<sup>†</sup> - 0.1%** | **LISTED OPTIONS PURCHASED<sup>†</sup> - 0.1%** | **LISTED OPTIONS PURCHASED<sup>†</sup> - 0.1%** |
| **Put Options on:** |  |  |
| **Equity Options** |  |  |
| &nbsp;&nbsp;&nbsp; Invesco QQQ Trust Series Expiring October 2025 with strike price of $570.00 (Notional Value $10,837,600) | 190 | 251750 |
| **Total Listed Options Purchased** | **Total Listed Options Purchased** |  |
| &nbsp;&nbsp;&nbsp;(Cost $213,588) |  | 251750 |
| **OTC OPTIONS PURCHASED<sup>††</sup> - 0.0%** | **OTC OPTIONS PURCHASED<sup>††</sup> - 0.0%** | **OTC OPTIONS PURCHASED<sup>††</sup> - 0.0%** |
| **Put Options on:** |  |  |
| **Foreign Exchange Options** |  |  |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring January 2026 with strike price of EUR 1.12 (Notional Value $4,457,397) | EUR 3,806,000 | 13120 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring January 2026 with strike price of EUR 1.12 (Notional Value $4,457,397) | EUR 3,806,000 | 13120 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange USD/JPY Expiring April 2026 with strike price of $2.73 | 1381000 | 25572 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange USD/JPY Expiring April 2026 with strike price of $2.64 | 1105000 | 20461 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange USD/JPY Expiring May 2026 with strike price of $123.50 | 446000 | 19716 |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange USD/JPY Expiring November 2025 with strike price of $140.00 | 2774000 | 17323 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring January 2026 with strike price of EUR 1.12 (Notional Value $5,696,474) | EUR 4,864,000 | 16927 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring January 2026 with strike price of EUR 1.12 (Notional Value $5,094,502) | EUR 4,350,000 | 14892 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange EUR/USD Expiring January 2026 with strike price of EUR 1.12 (Notional Value $2,522,657) | EUR 2,154,000 | 7425 |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange USD/JPY Expiring November 2025 with strike price of $140.00 | 832000 | 5196 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Contracts/Notional**<br> **Value~** | **Value** |
| **OTC OPTIONS PURCHASED<sup>††</sup> - 0.0% (continued)** | **OTC OPTIONS PURCHASED<sup>††</sup> - 0.0% (continued)** | **OTC OPTIONS PURCHASED<sup>††</sup> - 0.0% (continued)** |
| **Put Options on:** |  |  |
| **Foreign Exchange Options (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;JPMorgan Chase Bank, N.A. Foreign Exchange USD/JPY Expiring May 2026 with strike price of $123.50 | 105000 | $4642 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange USD/JPY Expiring April 2026 with strike price of $2.63 | 244000 | 4518 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange USD/JPY Expiring November 2025 with strike price of $140.00 | 254000 | 1586 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $6,876,993) | EUR 5,872,000 | 137 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $6,876,993) | EUR 5,872,000 | 137 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $4,813,426) | EUR 4,110,000 | 104 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $2,404,371) | EUR 2,053,000 | 52 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $2,063,566) | EUR 1,762,000 | 45 |
| &nbsp;&nbsp;&nbsp;BNP Paribas Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $395,849) | EUR 338,000 | 8 |
| **Total Foreign Exchange Options** |  | 164981 |
| **Total OTC Options Purchased** | **Total OTC Options Purchased** |  |
| &nbsp;&nbsp;&nbsp;(Cost $600,137) |  | 416731 |
| **OTC INTEREST RATE SWAPTIONS PURCHASED<sup>††,10</sup> - 0.1%** | **OTC INTEREST RATE SWAPTIONS PURCHASED<sup>††,10</sup> - 0.1%** | **OTC INTEREST RATE SWAPTIONS PURCHASED<sup>††,10</sup> - 0.1%** |

---

---

| | | |
|:---|:---|:---|
| **Call Swaptions on:** |  |  |
| **Interest Rate Swaptions** |  |  |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.50% (Notional Value $8,780,000) | 8780000 | 142091 |
| &nbsp;&nbsp;&nbsp;BNP Paribas 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.50% (Notional Value $8,780,000) | 8780000 | 142091 |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.50% (Notional Value $8,780,000) | 8780000 | 142091 |
| &nbsp;&nbsp;&nbsp;BNP Paribas 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.50% (Notional Value $8,780,000) | 8780000 | 142091 |
| **Total Interest Rate Swaptions** |  | 568364 |
| **Put Swaptions on:** |  |  |
| **Interest Rate Swaptions** |  |  |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. 12-Month/2-Year Interest Rate Swap Expiring July 2027 with exercise rate of 3.50% (Notional Value $11,770,853) | 11770853 | 77703 |
| &nbsp;&nbsp;&nbsp;BNP Paribas 12-Month/2-Year Interest Rate Swap Expiring July 2027 with exercise rate of 3.50% (Notional Value $10,749,147) | 10749147 | 70958 |
| **Total Interest Rate Swaptions** |  | 148661 |
| **Total OTC Interest Rate Swaptions Purchased** | **Total OTC Interest Rate Swaptions Purchased** |  |
| &nbsp;&nbsp;&nbsp;(Cost $642,575) |  | 717025 |
| **Total Investments - 134.6%** | **Total Investments - 134.6%** |  |
| &nbsp;&nbsp;&nbsp;(Cost $789,701,534) | &nbsp;&nbsp;&nbsp;(Cost $789,701,534) | $746165046 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Contracts/Notional**<br> **Value~** | **Value** |
| **LISTED OPTIONS WRITTEN<sup>†</sup> - (0.1)%** | **LISTED OPTIONS WRITTEN<sup>†</sup> - (0.1)%** | **LISTED OPTIONS WRITTEN<sup>†</sup> - (0.1)%** |
| **Call Options on:** |  |  |

---

---

| | | |
|:---|:---|:---|
| **Equity Options** |  |  |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,455.00 (Notional Value $4,522,182) | 7 | $(3150) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,450.00 (Notional Value $4,522,182) | 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16450) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,465.00 (Notional Value $4,522,182) | 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26075) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,505.00 (Notional Value $4,522,182) | 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26285) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,470.00 (Notional Value $4,522,182) | 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27125) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,485.00 (Notional Value $4,522,182) | 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30555) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,455.00 (Notional Value $4,522,182) | 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(36050) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,450.00 (Notional Value $4,522,182) | 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40950) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,400.00 (Notional Value $4,522,182) | 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(49070) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,385.00 (Notional Value $4,522,182) | 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(60830) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,375.00 (Notional Value $4,522,182) | 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(72240) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index<br> Expiring September 2025 with strike price of $6,455.00 (Notional Value $4,522,182)<sup>††</sup> | 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46900) |
| **Total Equity Options** |  | (435680) |
| **Put Options On:**<br> **Equity Options**  |  |  |
| &nbsp;&nbsp;&nbsp; Invesco QQQ Trust Series Expiring October 2025 with strike price of $515.00 (Notional Value $16,256,400) | 285 | &nbsp;&nbsp;&nbsp;&nbsp;(87780) |
| **Total Listed Options Written** | **Total Listed Options Written** |  |
| &nbsp;&nbsp;&nbsp;(Premiums received $612,834) |  | &nbsp;&nbsp;&nbsp;&nbsp;(523460) |
| **OTC OPTIONS WRITTEN<sup>††</sup> - (0.0%)** | **OTC OPTIONS WRITTEN<sup>††</sup> - (0.0%)** | **OTC OPTIONS WRITTEN<sup>††</sup> - (0.0%)** |
| **Put Options on:** |  |  |
| **Foreign Exchange Options** |  |  |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange USD/JPY Expiring November 2025 with strike price of $130.00 | 254000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(209) |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange USD/JPY Expiring November 2025 with strike price of $130.00 | 832000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(686) |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange USD/JPY Expiring November 2025 with strike price of $130.00 | 2774000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2286) |
| **Total Foreign Exchange Options** |  | (3181) |
| **Total OTC Options Written** | **Total OTC Options Written** |  |
| &nbsp;&nbsp;&nbsp;(Premiums received $30,480) |  | &nbsp;&nbsp;&nbsp;&nbsp;(3181) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Contracts** | **Value** |
| **OTC INTEREST RATE SWAPTIONS WRITTEN<sup>††,10</sup> - (0.1%)** | **OTC INTEREST RATE SWAPTIONS WRITTEN<sup>††,10</sup> - (0.1%)** | **OTC INTEREST RATE SWAPTIONS WRITTEN<sup>††,10</sup> - (0.1%)** |
| **Call Swaptions on:** |  |  |
| **Interest Rate Swaptions** |  |  |
| &nbsp;&nbsp;&nbsp;BNP Paribas 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.85% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;$(10588) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.85% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10615) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.86% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10799) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.89% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12094) |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc <br> 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.93% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13087) |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.93% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13213) |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc <br> 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 2.71% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11306) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 2.71% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11306) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.94% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13478) |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.94% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13478) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 2.64% (Notional Value $3,688,125) | 3688125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14112) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 2.64% (Notional Value $3,688,125) | 3688125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14112) |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 2.69% (Notional Value $4,215,000) | 4215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17279) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 2.69% (Notional Value $4,215,000) | 4215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17279) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.00% (Notional Value $8,780,000) | 8780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(48696) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.00% (Notional Value $8,780,000) | 8780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(48696) |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.00% (Notional Value $8,780,000) | 8780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(48696) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.00% (Notional Value $8,780,000) | 8780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(48696) |
| **Total Interest Rate Swaptions** |  | (377530) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
| **Put Swaptions on:** |  |  |
| **Interest Rate Swaptions** |  |  |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.93% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;$(5033) |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc <br> 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.93% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5091) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.89% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5665) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.86% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5801) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.85% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5920) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.85% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5937) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.94% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4834) |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.94% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4834) |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc <br> 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 3.71% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5943) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 3.71% (Notional Value $2,634,375) | 2634375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5943) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 3.64% (Notional Value $3,688,125) | 3688125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9264) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 3.64% (Notional Value $3,688,125) | 3688125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9264) |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 3.69% (Notional Value $4,215,000) | 4215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9777) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 3.69% (Notional Value $4,215,000) | 4215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9777) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 12-Month/2-Year Interest Rate Swap Expiring July 2027 with exercise rate of 4.25% (Notional Value $10,749,147) | 10749147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30951) |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. 12-Month/2-Year Interest Rate Swap Expiring July 2027 with exercise rate of 4.25% (Notional Value $11,770,853) | 11770853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(33893) |
| **Total Interest Rate Swaptions** |  | (157927) |
| **Total OTC Interest Rate Swaptions Written** | **Total OTC Interest Rate Swaptions Written** |  |
| &nbsp;&nbsp;&nbsp;(Premiums received $577,920) |  | &nbsp;&nbsp;&nbsp;&nbsp;(535457) |
| **Other Assets & Liabilities, net - (34.4)%** | **Other Assets & Liabilities, net - (34.4)%** | &nbsp;&nbsp;&nbsp;&nbsp;(190665576) |
| **Total Net Assets - 100.0%** | **Total Net Assets - 100.0%** | $554437372 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | | | |
| **Description** | **Number of**<br> **Contracts** | <br>**Expiration**<br> **Date** | <br>**Notional**<br> **Amount** | <br>**Value and**<br> **Unrealized**<br> **Appreciation<sup>\*\*</sup>** |
| **Equity Futures Contracts Purchased<sup>†</sup>** | **Equity Futures Contracts Purchased<sup>†</sup>** | **Equity Futures Contracts Purchased<sup>†</sup>** | **Equity Futures Contracts Purchased<sup>†</sup>** |  |
| S&P 500 Index Mini Futures Contracts | 206 | Sep 2025 | $66695075 | $3987252 |
| **Commodity Futures Contracts Purchased<sup>†</sup>** | **Commodity Futures Contracts Purchased<sup>†</sup>** | **Commodity Futures Contracts Purchased<sup>†</sup>** | **Commodity Futures Contracts Purchased<sup>†</sup>** |  |
| Gold 100 oz. Futures Contracts | 4 | Dec 2025 | 1406400 | 52792 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **OTC Credit Default Swap Agreements Protection Purchased<sup>††</sup>** | **OTC Credit Default Swap Agreements Protection Purchased<sup>††</sup>** | **OTC Credit Default Swap Agreements Protection Purchased<sup>††</sup>** | **OTC Credit Default Swap Agreements Protection Purchased<sup>††</sup>** | **OTC Credit Default Swap Agreements Protection Purchased<sup>††</sup>** | **OTC Credit Default Swap Agreements Protection Purchased<sup>††</sup>** | | | |
| **Counterparty** | **Index** | **Protection Premium Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | <br>**Value** | <br>**Upfront Premiums Paid (Received)** | <br>**Unrealized Depreciation** |
| Morgan Stanley Capital Services LLC | CDX.NA.HY.43.V1 (15-25%) | 5.00% | Quarterly | 12/20/29 | $1935000 | $(155405) | $(105880) | $(49525) |
| Morgan Stanley Capital Services LLC | CDX.NA.HY.43.V1 (25-35%) | 5.00% | Quarterly | 12/20/29 | 1935000 | (303570) | (252960) | (50610) |
|  |  |  |  |  |  | $(458975) | $(358840) | $(100135) |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | | |
| **Counterparty** | **Floating Rate Type** | **Floating Rate Index** | **Fixed Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | **Value** | <br>**Upfront**<br> **Premiums Paid**<br> **(Received)** | <br>**Unrealized Depreciation<sup>\*\*</sup>** |
| J.P. Morgan Securities LLC CME | Receive | U.S. Secured Overnight Financing Rate | 4.05% | Annually | 01/31/30 | $6950000 | $(208795) | $249 | $(209044) |
| J.P. Morgan Securities LLC CME | Pay | U.S. Secured Overnight Financing Rate | 2.78% | Annually | 07/18/27 | 53800000 | (647884) | 184 | (648068) |
|  |  |  |  |  |  |  | $(856679) | $433 | $(857112) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap Agreements** | **Total Return Swap Agreements** | **Total Return Swap Agreements** | **Total Return Swap Agreements** | | | | | |
| **Counterparty** | **Index** | **Type** | **Financing Rate** | <br>**Payment Frequency** | <br>**Maturity Date** | <br>**Units** | <br>**Notional**<br> **Amount** | <br>**Value and Unrealized Appreciation (Depreciation)** |
| **OTC Credit Index Swap Agreements<sup>††</sup>** | **OTC Credit Index Swap Agreements<sup>††</sup>** | **OTC Credit Index Swap Agreements<sup>††</sup>** | **OTC Credit Index Swap Agreements<sup>††</sup>** |  |  |  |  |  |
| Morgan Stanley Capital Services LLC | Markit iBoxx USD Liquid Leveraged Loans Total Return Index | Pay | 4.36% (SOFR) | At Maturity | 09/20/25 | N/A | $10000000 | $292374 |
| **OTC Equity Index Swap Agreements<sup>††</sup>** | **OTC Equity Index Swap Agreements<sup>††</sup>** | **OTC Equity Index Swap Agreements<sup>††</sup>** | **OTC Equity Index Swap Agreements<sup>††</sup>** |  |  |  |  |  |
| Bank of America, N.A. | SPDR S&P 500 ETF Trust | Pay | 4.94% (Federal Funds Rate + 0.61%) | At Maturity | 06/16/26 | 31900 | 20577095 | 1622115 |
| **OTC Interest Rate Swap Agreements<sup>††</sup>** | **OTC Interest Rate Swap Agreements<sup>††</sup>** | **OTC Interest Rate Swap Agreements<sup>††</sup>** | **OTC Interest Rate Swap Agreements<sup>††</sup>** |  |  |  |  |  |
| Goldman Sachs International | Goldman Sachs Swaption Forward Volatility Index | Pay | 3.33% (Federal Funds Rate - 1.00%) | At Maturity | 05/15/26 | 20468 | 3132281 | (42370) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | | |
| **Counterparty** | **Currency** | **Type** | **Quantity** | **Contract Amount** | <br>**Settlement Date** | <br>**Unrealized Appreciation (Depreciation)** |
| Morgan Stanley Capital Services LLC | EUR | Sell | 62590000 | 73,444,546 USD | 09/16/25 | $152756 |
| Morgan Stanley Capital Services LLC | GBP | Sell | 8849000 | 12,008,783 USD | 09/16/25 | 47539 |
| Morgan Stanley Capital Services LLC | EUR | Buy | 85000 | 98,988 USD | 09/16/25 | 546 |
| Citibank, N.A. | CAD | Buy | 55000 | 39,889 USD | 09/16/25 | 196 |
| Toronto-Dominion Bank | EUR | Sell | 19000 | 22,343 USD | 10/15/25 | 52 |
| Morgan Stanley Capital Services LLC | EUR | Sell | 47000 | 55,180 USD | 10/15/25 | 40 |
| Toronto-Dominion Bank | GBP | Buy | 10000 | 13,479 USD | 09/16/25 | 38 |
| JPMorgan Chase Bank, N.A. | EUR | Sell | 200000 | 234,097 USD | 09/16/25 | (100) |
| Barclays Bank plc | EUR | Sell | 24000 | 28,018 USD | 10/15/25 | (139) |
| Nomura Global Financial Products, Inc. | EUR | Sell | 1030000 | 1,202,747 USD | 09/16/25 | (3365) |
| JPMorgan Chase Bank, N.A. | CAD | Sell | 2796000 | 2,033,896 USD | 09/16/25 | (3887) |
|  |  |  |  |  |  | $193676 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | |
| **Counterparty/Description** | **Floating Rate Type** | **Floating Rate Index** | **Payment Frequency** | **Fixed Rate** | **Expiration Date** | **Exercise Rate** | **Swaption Notional Amount** | <br>**Swaption Value** |
| **Call** |  |  |  |  |  |  |  |  |
| BNP Paribas<br> 9-Month/5-Year Interest Rate Swap | Pay | 12 Month Term SOFR | Annual | 3.50% | 02/13/26 | 3.50% | $8780000 | $142091 |
| BNP Paribas<br> 9-Month/5-Year Interest Rate Swap | Pay | 12 Month Term SOFR | Annual | 3.50% | 02/13/26 | 3.50% | 8780000 | 142091 |
| Morgan Stanley Capital Services LLC<br> 9-Month/5-Year Interest Rate Swap | Pay | 12 Month Term SOFR | Annual | 3.50% | 02/13/26 | 3.50% | 8780000 | 142091 |
| The Toronto-Dominion Bank<br> 9-Month/5-Year Interest Rate Swap | Pay | 12 Month Term SOFR | Annual | 3.50% | 02/13/26 | 3.50% | 8780000 | 142091 |
|  |  |  |  |  |  |  |  | $568364 |
| **Put** |  |  |  |  |  |  |  |  |
| Bank of America, N.A.<br> 12-Month/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.50% | 07/12/27 | 3.50% | $11770853 | $77703 |
| BNP Paribas<br> 12-Month/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.50% | 07/12/27 | 3.50% | 10749147 | 70958 |
|  |  |  |  |  |  |  |  | $148661 |
| <br>**OTC Interest Rate Swaptions Written** | <br>**OTC Interest Rate Swaptions Written** | <br>**OTC Interest Rate Swaptions Written** | <br>**OTC Interest Rate Swaptions Written** | <br>**OTC Interest Rate Swaptions Written** | <br>**OTC Interest Rate Swaptions Written** | <br>**OTC Interest Rate Swaptions Written** | <br>**OTC Interest Rate Swaptions Written** |  |
| **Counterparty/Description** | **Floating Rate Type** | **Floating Rate Index** | **Payment Frequency** | **Fixed Rate** | **Expiration Date** | **Exercise Rate** | **Swaption Notional Amount** | **Swaption Value** |
| **Call** |  |  |  |  |  |  |  |  |
| BNP Paribas<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.85% | 02/13/26 | 2.85% | $2634375 | $(10588) |
| Morgan Stanley Capital Services LLC<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.85% | 02/13/26 | 2.85% | 2634375 | (10615) |
| Morgan Stanley Capital Services LLC<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.86% | 02/13/26 | 2.86% | 2634375 | (10799) |
| BNP Paribas<br> 1-Year/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.71% | 08/19/26 | 2.71% | 2634375 | (11306) |
| Barclays Bank plc<br> 1-Year/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.71% | 08/19/26 | 2.71% | 2634375 | (11306) |
| BNP Paribas<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.89% | 02/20/26 | 2.89% | 2634375 | (12094) |
| Barclays Bank plc<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.93% | 02/19/26 | 2.93% | 2634375 | (13087) |
| The Toronto-Dominion Bank<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.93% | 02/19/26 | 2.93% | 2634375 | (13213) |
| BNP Paribas<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.94% | 02/18/26 | 2.94% | 2634375 | (13478) |
| The Toronto-Dominion Bank<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.94% | 02/18/26 | 2.94% | 2634375 | (13478) |
| Morgan Stanley Capital Services LLC<br> 1-Year/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.64% | 08/13/26 | 2.64% | 3688125 | (14112) |
| BNP Paribas<br> 1-Year/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.64% | 08/13/26 | 2.64% | 3688125 | (14112) |
| The Toronto-Dominion Bank<br> 1-Year/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.69% | 08/14/26 | 2.69% | 4215000 | (17279) |
| BNP Paribas<br> 1-Year/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.69% | 08/14/26 | 2.69% | 4215000 | (17279) |
| The Toronto-Dominion Bank<br> 9-Month/5-Year Interest Rate Swap | Receive | 12 Month Term SOFR | Annual | 3.00% | 02/13/26 | 3.00% | 8780000 | (48696) |
| Morgan Stanley Capital Services LLC<br> 9-Month/5-Year Interest Rate Swap | Receive | 12 Month Term SOFR | Annual | 3.00% | 02/13/26 | 3.00% | 8780000 | (48696) |
| BNP Paribas<br> 9-Month/5-Year Interest Rate Swap | Receive | 12 Month Term SOFR | Annual | 3.00% | 02/13/26 | 3.00% | 8780000 | (48696) |
| BNP Paribas<br> 9-Month/5-Year Interest Rate Swap | Receive | 12 Month Term SOFR | Annual | 3.00% | 02/13/26 | 3.00% | 8780000 | (48696) |
|  |  |  |  |  |  |  |  | $(377530) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Put** |  |  |  |  |  |  |  |  |
| BNP Paribas<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.94% | 02/18/26 | 3.94% | 2634375 | (4834) |
| The Toronto-Dominion Bank<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.94% | 02/18/26 | 3.94% | 2634375 | (4834) |
| The Toronto-Dominion Bank<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.93% | 02/19/26 | 3.93% | 2634375 | (5033) |
| Barclays Bank plc<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.93% | 02/19/26 | 3.93% | 2634375 | (5091) |
| BNP Paribas<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.89% | 02/20/26 | 3.89% | 2634375 | (5665) |
| Morgan Stanley Capital Services LLC<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.86% | 02/13/26 | 3.86% | 2634375 | (5801) |
| Morgan Stanley Capital Services LLC<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.85% | 02/13/26 | 3.85% | 2634375 | (5920) |
| BNP Paribas<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.85% | 02/13/26 | 3.85% | 2634375 | (5937) |
| Barclays Bank plc<br> 1-Year/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.71% | 08/19/26 | 3.71% | 2634375 | (5943) |
| BNP Paribas<br> 1-Year/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.71% | 08/19/26 | 3.71% | 2634375 | (5943) |
| BNP Paribas<br> 1-Year/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.64% | 08/13/26 | 3.64% | 3688125 | (9264) |
| Morgan Stanley Capital Services LLC<br> 1-Year/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.64% | 08/13/26 | 3.64% | 3688125 | (9264) |
| The Toronto-Dominion Bank<br> 1-Year/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.69% | 08/14/26 | 3.69% | 4215000 | (9777) |
| BNP Paribas<br> 1-Year/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.69% | 08/14/26 | 3.69% | 4215000 | (9777) |
| BNP Paribas<br> 12-Month/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 4.25% | 07/12/27 | 4.25% | 10749147 | (30951) |
| Bank of America, N.A.<br> 12-Month/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 4.25% | 07/12/27 | 4.25% | 11770853 | (33893) |
|  |  |  |  |  |  |  |  | $(157927) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| *~* | *The face amount is denominated in U.S. dollars unless otherwise indicated.* |
| *\** | *Non-income producing security.* |
| *\*\** | *Includes cumulative appreciation (depreciation).* |
| *\*\*\** | *A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.<br>*  |
| *†* | *Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.* |
| *††* | *Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.* |
| *†††* | *Value determined based on Level 3 inputs — See Note 3.* |
| *◊* | *Variable rate security. Rate indicated is the rate effective at August 31, 2025. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.* |
| *1* | *Special Purpose Acquisition Company (SPAC).* |
| *2* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $320,003,883 (cost $325,692,497), or 57.7% of total net assets.* |
| *3* | *Rate indicated is the 7-day yield as of August 31, 2025.* |
| *4* | *All or a portion of these securities have been physically segregated in connection with borrowings, options, reverse repurchase agreements and unfunded loan commitments. As of August 31, 2025, the total value of segregated securities was $243,656,077.* |
| *5* | *Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.* |
| *6* | *Perpetual maturity.* |
| *7* | *Payment-in-kind security.* |
| *8* | *Security is in default of interest and/or principal obligations.* |
| *9* | *Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.* |
| *10* | *Swaptions - See additional disclosure in the swaptions table above for more information on swaptions.* |
| *11* | *Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at*<br> *August 31, 2025. See table below for additional step information for each security.* |
| *12* | *Security is an interest-only strip.* |
| *13* | *Rate indicated is the effective yield at the time of purchase.* |
| *14* | *Zero coupon rate security.* |
| *15* | *Security is a principal-only strip.* |
| *16* | *All or a portion of this security is pledged as futures collateral at August 31, 2025.* |

---

---

| |
|:---|
| *ADR — American Depositary Receipt* |
| *CAD — Canadian Dollar* |
| *CDX.NA.HY.43.V1 — Credit Default Swap North American High Yield Series 43 Index Version 1* |
| *CME — Chicago Mercantile Exchange* |
| *EUR — Euro* |
| *EURIBOR — European Interbank Offered Rate* |
| *GBP — British Pound* |
| *plc — Public Limited Company* |
| *REIT — Real Estate Investment Trust* |
| *SARL — Société à Responsabilité Limitée* |
| *SOFR — Secured Overnight Financing Rate* |
| *SONIA — Sterling Overnight Index Average* |
| *WAC — Weighted Average Coupon* |
| *See Sector Classification in Other Information section.* |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following table summarizes the inputs used to value the Fund's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): |
| **Investments in Securities (Assets)** | **Level 1**<br> **Quoted**<br> **Prices**  | **Level 2** <br> **Significant** <br> **Observable** <br> **Inputs**  | **Level 3**<br> **Significant**<br> **Unobservable**<br> **Inputs**  | **Total** |
| Common Stocks | $14798671 | $499015 | $4530646 | $19828332 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14782533 | 19413479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 34196012 |
| Warrants | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 8 | 8 |
| Rights | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 2370 | 2370 |
| Exchange-Traded Funds | 2963961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 2963961 |
| Closed-End Mutual Funds | 7540117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 7540117 |
| Money Market Funds | 13538942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 13538942 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 283531373 | 7456819 | 290988192 |
| Senior Floating Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 170234069 | 26759227 | 196993296 |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 90338049 | 35922882 | 126260931 |
| Collateralized Mortgage Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 29971771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 29971771 |
| U.S. Treasury Bills | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 14656208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 14656208 |
| U.S. Government Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 5576035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 5576035 |
| Foreign Government Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 1863490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 1863490 |
| Senior Fixed Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 651625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 651625 |
| Options Purchased | 251750 | 164981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 416731 |
| Interest Rate Swaptions Purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 717025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 717025 |
| Equity Futures Contracts\*\* | 3987252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 3987252 |
| Commodity Futures Contracts\*\* | 52792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 52792 |
| Forward Foreign Currency Exchange Contracts\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 201167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 201167 |
| Equity Index Swap Agreements\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 1622115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 1622115 |
| Credit Index Swap Agreements\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 292374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 292374 |
| Total Assets | $57916018 | $619732776 | $74671952 | $752320746 |
| **Investments in Securities (Liabilities)** | **Level 1**<br> **Quoted**<br> **Prices**  | **Level 2**<br> **Significant**<br> **Observable**<br> **Inputs**  | **Level 3**<br> **Significant**<br> **Unobservable**<br> **Inputs**  | **Total** |
| Options Written | $476560 | $50081 | &nbsp;&nbsp;&nbsp;&nbsp;$— | $526641 |
| Interest Rate Swaptions Written | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 535457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 535457 |
| Credit Default Swap Agreements\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 100135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 100135 |
| Interest Rate Swap Agreements\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 857112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 857112 |
| Forward Foreign Currency Exchange Contracts\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 7491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 7491 |
| Interest Rate Swap Agreements\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 42370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 42370 |
| Unfunded Loan Commitments (Note 5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 100919 | 100919 |
| Total Liabilities | $476560 | $1592646 | $100919 | $2170125 |
| \* Includes securities with a market value of $0. | \* Includes securities with a market value of $0. | \* Includes securities with a market value of $0. | \* Includes securities with a market value of $0. | \* Includes securities with a market value of $0. |
| \*\* This derivative is reported as unrealized appreciation/depreciation at period end. | \*\* This derivative is reported as unrealized appreciation/depreciation at period end. | \*\* This derivative is reported as unrealized appreciation/depreciation at period end. | \*\* This derivative is reported as unrealized appreciation/depreciation at period end. | \*\* This derivative is reported as unrealized appreciation/depreciation at period end. |
| Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. | Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. | Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. | Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. | Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. |
| The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $177,514,075 are categorized as Level 2 within the disclosure hierarchy — See Note 2. | The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $177,514,075 are categorized as Level 2 within the disclosure hierarchy — See Note 2. | The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $177,514,075 are categorized as Level 2 within the disclosure hierarchy — See Note 2. | The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $177,514,075 are categorized as Level 2 within the disclosure hierarchy — See Note 2. | The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $177,514,075 are categorized as Level 2 within the disclosure hierarchy — See Note 2. |

---

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Category** | | **Valuation Technique** | **Unobservable Inputs** | **Input Range** | **Weighted Average\*** |
| **Assets:** |  |  |  |  |  |
| Asset-Backed Securities | $22124943 | &nbsp;&nbsp;Yield Analysis | Yield | 4.3%-8.4% | 7.2% |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11960567 | &nbsp;&nbsp;Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;945472 | &nbsp;&nbsp;Third Party Pricing | Broker Quote |  |  |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;891900 | &nbsp;&nbsp;Third Party Pricing | Trade Price |  |  |
| Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4255168 | &nbsp;&nbsp;Model Price | Purchase Price |  |  |
| Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275435 | &nbsp;&nbsp;Model Price | Liquidation Value |  |  |
| Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43 | &nbsp;&nbsp;Third Party Pricing | Vendor Price |  |  |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4004625 | &nbsp;&nbsp;Third Party Pricing | Broker Quote |  |  |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3260959 | &nbsp;&nbsp;Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191235 | &nbsp;&nbsp;Third Party Pricing | Trade Price |  |  |
| Right | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2370 | &nbsp;&nbsp;Model Price | Liquidation Value |  |  |
| Senior Floating Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16116830 | &nbsp;&nbsp;Model Price | Purchase Price |  |  |
| Senior Floating Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6481402 | &nbsp;&nbsp;Yield Analysis | Yield | 9.8%-11.4% | 10.6% |
| Senior Floating Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4160995 | &nbsp;&nbsp;Third Party Pricing | Broker Quote |  |  |
| Warrants | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;Model Price | Liquidation Value |  |  |
| Total Assets | $74671952 |  |  |  |  |
| **Liabilities:** |  |  |  |  |  |
| Unfunded Loan Commitments | $100919 | &nbsp;&nbsp;Model Price | Purchase Price |  |  |

---

\* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote, yield or liquidation value would generally result in significant changes in the fair value of the security. Any remaining Level 3 securities held by the Fund and excluded from the table above, were not considered material to the Fund.

The Fund's fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment's valuation changes. For the period ended August 31, 2025, the Fund had securities with a total value of $1,393,329 transfer into Level 3 from Level 2 due to a lack of observable inputs and had securities with a total value of $3,630,332 transfer out of Level 3 into Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Active Allocation Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

**Summary of Fair Value Level 3 Activity**

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended August 31, 2025.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Assets** | **Assets** | **Assets** | **Assets** | **Assets** | | | |
| | **Asset-Backed Securities** | **Corporate<br> Bonds**  | **Senior<br> Floating<br> Rate<br> Interests**  | **Warrants** | **Common<br> Stocks**  | <br>**Rights** | <br>**Total<br> Assets**  | **Liabilities**<br>**Unfunded<br> Loan<br> Commitments**  |
| Beginning Balance | $31881773 | $7432881 | $26390699 | $8 | $408071 | $5782 | $66119214 | $(75220) |
| Purchases/(Receipts) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4587383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;934985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4255169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10634411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21384) |
| (Sales, maturities and paydowns)/Fundings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1008984) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(187712) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1196696) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29901 |
| Amortization of premiums/discounts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2497) |
| Total realized gains (losses) included in earnings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(353) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(353) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(61) |
| Total change in unrealized appreciation (depreciation) included in earnings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1184724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(132594) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3412) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1333588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31658) |
| Transfers into Level 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1393329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1393329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| Transfers out of Level 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1730998) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1899334) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3630332) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| Ending Balance | $35922882 | $7456819 | $26759227 | $8 | $4530646 | $2370 | $74671952 | $(100919) |
| Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at August 31, 2025. | $1172800 | $176048 | $109035 | $- | $(132594) | $(3412) | $1321877 | $(32792) |

---

**Step Coupon Bonds**

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, except GAIA Aviation Ltd., which are scheduled to decrease.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Coupon Rate at Next Reset Date** | **Next Rate**<br> **Reset Date** | **Future Reset Rate(s)** | **Future Reset Date(s)** |
| Citigroup Mortgage Loan Trust, Inc. 2022-A, 6.17% due 09/25/62 | 9.17% | 09/25/25 | 10.17% | 09/25/26 |
| GAIA Aviation Ltd. 2019-1, 3.97% due 12/15/44 | 2.00% | 10/15/26 |  |  |
| GAIA Aviation Ltd. 2019-1, 5.19% due 12/15/44 | 2.00% | 10/15/26 |  |  |
| GCAT Trust 2022-NQM5, 5.71% due 08/25/67 | 6.71% | 10/01/26 |  |  |
| Mill City Securities Ltd. 2024-RS1, 4.00% due 11/01/69 | 7.00% | 10/01/27 |  |  |
| OBX Trust 2022-NQM8, 6.10% due 09/25/62 | 7.10% | 10/01/26 |  |  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

**Note 1 – Organization and Significant Accounting Policies**

**Organization**

Guggenheim Active Allocation Fund (the "Fund") was organized as a Delaware statutory trust on May 20, 2021 and commenced investment operations on November 23, 2021. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act").

The Fund's investment objective is to maximize total return through a combination of current income and capital appreciation. There can be no assurance that the Fund will achieve its investment objective. The Fund's investment objective is considered non-fundamental and may be changed without shareholder approval. The Fund will provide shareholders with 60 days' prior written notice of any change in its investment objective.

For information on the Fund's other significant accounting policies, please refer to the Fund's most recent semi-annual or annual shareholder report.

**Significant Accounting Policies**

The Fund operates as an investment company and, accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946 Financial Services – Investment Companies.

The following significant accounting policies are in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") and are consistently followed by the Fund. This requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. All time references are based on Eastern Time.

**(a) Valuation of Investments** 

The Board of Trustees of the Fund (the "Board") has adopted policies and procedures for the valuation of the Fund's investments (the "Fund Valuation Procedures").

Pursuant to Rule 2a-5 under the 1940 Act, the Board designated Guggenheim Funds Investment Advisors, LLC ("GFIA" or the "Adviser") as the valuation designee to perform fair valuation determinations for the Fund with respect to all Fund investments and/or other assets. As the Fund's valuation designee pursuant to Rule 2a-5, the Adviser has adopted separate procedures (the "Valuation Designee Procedures" and together with the Fund Valuation Procedures, the "Valuation Procedures") reasonably designed to prevent violations of the requirements of Rule 2a-5 and Rule 31a-4 under the 1940 Act. The Adviser, in its role as valuation designee, utilizes the assistance of a valuation committee, consisting of representatives from Guggenheim's investment management, fund administration, legal and compliance departments (the "Valuation Committee"), in determining the fair value of the Fund's securities and/or other assets.

Valuations of the Fund's securities and other assets are supplied primarily by independent third-party pricing services appointed pursuant to the processes set forth in the Valuation Procedures. The Adviser, with the assistance of the Valuation Committee, convenes monthly, or more frequently as needed, to review the valuation of all assets which have been fair valued. The Adviser, consistent with the monitoring and review responsibilities set forth in the Valuation Procedures, regularly reviews the appropriateness of the inputs, methods, models and assumptions employed by the independent third-party pricing services.

If the independent third-party pricing service cannot or does not provide a valuation for a particular investment or such valuation is deemed unreliable, such investment is fair valued by the Adviser.

In general, portfolio securities and assets of the Fund will be valued on the basis of readily available market quotations at their current market value. With respect to portfolio securities and assets of the Fund for which market quotations are not readily available, or deemed unreliable by the Adviser, the Fund will fair value those securities and assets in good faith in accordance with the Valuation Procedures. Valuations in accordance with these methods are intended to reflect each security's (or asset's or liability's) "fair value." Fair value represents a good faith approximation of the value of a security. Fair value determinations may be based on limited inputs and involve the consideration of a number of subjective factors, an analysis of applicable facts and circumstances, and the exercise of judgment. Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to: market prices; sale prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics, or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information analysis. As a result, it is possible that the fair value for a security determined in good faith in accordance with the Valuation Procedures may differ from valuations for the same security determined by other funds using their own valuation procedures. Although the Valuation Procedures are designed to value a portfolio security or asset at the price the Fund may reasonably expect to receive upon its sale in an orderly transaction, there can be no assurance that any fair value determination thereunder would, in fact, approximate the amount that the Fund could reasonably expect to receive upon the sale of the portfolio security or asset.

Equity securities listed or traded on a recognized U.S. securities exchange or the Nasdaq Stock Market ("NASDAQ") will generally be valued on the basis of the last sale price on the primary U.S. exchange or market on which the security is listed or traded; provided, however, that securities listed on NASDAQ will be valued at the NASDAQ official closing price, which may not necessarily represent the last sale price.

Open-end investment companies are valued at their net asset value ("NAV") as of the close of the New York Stock Exchange ("NYSE"), on the valuation date. Exchange-traded funds and closed-end investment companies are generally valued at the last quoted sale price.

Generally, trading in foreign securities markets is substantially completed each day at various times prior to the close of the NYSE. The values of foreign securities are determined as of the close of such foreign markets or the close of the NYSE, if earlier. All investments quoted in foreign currencies are valued in U.S. dollars on

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited) continued*** | &nbsp;&nbsp;August 31, 2025 |

---

the basis of the foreign currency exchange rates prevailing at the close of U.S. business at 4:00 p.m. E.T. Investments in foreign securities may involve risks not present in domestic investments. The Adviser will determine the current value of such foreign securities by taking into consideration certain factors which may include those discussed above, as well as the following factors, among others: the value of the securities traded on other foreign markets, American Depositary Receipts ("ADRs") trading, closed-end fund trading, foreign currency exchange activity, and the trading prices of financial products that are tied to foreign securities. In addition, under the Valuation Procedures, the Adviser is authorized to use prices and other information supplied by an independent third-party pricing vendor in valuing foreign securities.

Commercial paper and discount notes with a maturity of greater than 60 days at acquisition are valued at prices that reflect broker-dealer supplied valuations or are obtained from independent third-party pricing services, which may consider the trade activity, treasury spreads, yields or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Commercial paper and discount notes with a maturity of 60 days or less at acquisition are valued at amortized cost, unless the Adviser concludes that amortized cost does not represent the fair value of the applicable asset in which case it will be valued using an independent third-party pricing service.

U.S. Government securities are valued by independent third-party pricing services, using the last traded fill price, or at the reported bid price at the close of business on the valuation date.

Typically, loans are valued using information provided by an independent third-party pricing service that uses broker quotes, among other inputs. If the independent third-party pricing service cannot or does not provide a valuation for a particular loan, or such valuation is deemed unreliable, such investment is valued based on a quote from a broker-dealer or is fair valued by the Adviser. As the Fund invests in loans and asset-backed securities as part of its investment strategies, it may have a significant amount of these instruments fair valued by the Adviser.

Exchange-traded options are valued at the mean of the bid and ask prices on the principal exchange on which they are traded. Over-the-counter ("OTC") options and options on swaps ("swaptions") are valued using a price provided by a pricing service.

Futures contracts are valued on the basis of the last sale price as of 4:00 p.m. on the valuation date. In the event that the exchange for a specific futures contract closes earlier than 4:00 p.m., the futures contract is valued at the official settlement price of the exchange. However, the underlying securities from which the futures contract value is derived are monitored until 4:00 p.m. to determine if fair valuation would provide a more accurate valuation.

Interest rate swap agreements entered into by the Fund are valued on the basis of the last sale price on the primary exchange on which the swap is traded. Other swap agreements entered into by the Fund are generally valued using an evaluated price provided by an independent third-party pricing service.

Forward foreign currency exchange contracts are valued daily based on the applicable exchange rate of the underlying currency.

The Fund may also fair value securities and assets when a significant event is deemed to have occurred after the time of a market quotation including for securities and assets traded on foreign markets and securities and assets for which market quotations are provided by independent third-party pricing services as of a time that is prior to the time when the Fund determines its NAV. There can be no assurance in each case that significant events will be identified.

Valuations of the Fund's securities and other assets are supplied primarily by independent third-party pricing services pursuant to the processes set forth in the Valuation Designee Procedures. Valuations provided by the independent third-party pricing services are generally based on methods designed to approximate the amount that the Fund could reasonably expect to receive upon the sale of the portfolio security or asset. When providing valuations to the Fund, independent third-party pricing services use various inputs, methods, models and assumptions, which may include information provided by broker-dealers and other market makers. Independent third-party pricing services face the same challenges as the Fund in valuing securities and assets and may rely on limited available information. If the independent third-party pricing service cannot or does not provide a valuation for a particular investment, or such valuation is deemed unreliable, such investment is fair valued by the Adviser. The Fund may also use third-party service providers to model certain securities to determine fair market value. While the Fund's use of fair valuation is intended to result in calculation of NAV that fairly reflects values of the Fund's portfolio securities as of the time of pricing, the Fund cannot guarantee that any fair valuation will, in fact, approximate the amount the Fund would actually realize upon the sale of the securities in question.

Quotes from broker-dealers (i.e., prices provided by a broker-dealer or other market participant, which may or may not be committed to trade at that price), adjusted for fluctuations in criteria such as credit spreads and interest rates, may also be used to value the Fund's assets. Quotes from broker-dealers and vendor prices based on broker quotes can vary in terms of depth (e.g., provided by a single broker-dealer) and frequency (e.g., provided on a daily, weekly, or monthly basis, or any other regular or irregular interval). Although quotes from broker-dealers and vendor prices based on broker quotes are typically received from established market participants, the Fund may not have the transparency to view the underlying inputs which support such quotes. Significant changes in a quote from a broker-dealer would generally result in significant changes in the fair value of the security.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited) continued*** | &nbsp;&nbsp;August 31, 2025 |

---

The Fund may acquire an interest in a special purpose acquisition company ("SPAC") in an initial public offering or a secondary market transaction. SPAC investments carry many of the same risks as investments in initial public offering securities, such as erratic price movements, greater risk of loss, lack of information about the issuer, limited operating and little public or no trading history, and higher transaction costs. An investment in a SPAC is typically subject to a higher risk of dilution by additional later offerings of interests in the SPAC or by other investors exercising existing rights to purchase shares of the SPAC and interests in SPACs may be illiquid and/or be subject to restrictions on resale. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring the equity securities of one or more existing companies (or interests therein) via merger, combination, acquisition or other similar transactions. Unless and until an acquisition is completed, a SPAC generally invests its assets (less a portion retained to cover expenses) in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. SPAC investments are also subject to the risk that a significant portion of the funds raised by the SPAC may be expended during the search for a target acquisition or merger and that the SPAC may have limited time in which to conduct due diligence on potential business combination targets. Because SPACs are in essence blank check companies without operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the entity's management to identify and complete a profitable acquisition. Among other conflicts of interest, the economic interests of the management, directors, officers and related parties of a SPAC can differ from the economic interests of public shareholders, which may lead to conflicts as they evaluate, negotiate and recommend business combination transactions to shareholders. This risk may become more acute as the deadline for the completion of a business combination nears. There is no guarantee that the SPACs in which the Fund invests will complete an acquisition or that any acquisitions that are completed will be profitable.

**Note 2 – Derivatives**

As part of its investment strategy, the Fund utilizes a variety of derivative instruments. These investments involve, to varying degrees, elements of market risk. Valuation and accounting treatment of these instruments can be found under Significant Accounting Policies in Note 1 of these Notes to Schedule of Investments.

Derivatives are instruments whose values depend on, or are derived from, in whole or in part, the value of one or more other assets, such as securities, currencies, commodities or indices. Derivative instruments may be used for investment purposes (including to maintain cash reserves while maintaining exposure to certain other assets), for risk management (hedging) purposes, for diversification purposes, to change the duration of the Fund, for leverage purposes, to facilitate trading, to reduce transaction costs and to pursue higher investment returns. Derivative instruments may also be used to seek to mitigate certain investment risks, such as foreign currency exchange rate risk, interest rate risk and credit risk. U.S. GAAP requires disclosures to enable investors to better understand how and why the Fund uses derivative instruments, how these derivative instruments are accounted for and their effects on the Fund's financial position and results of operations.

The Fund may utilize derivatives for the following purposes:

**Duration:** the use of an instrument to manage the interest rate risk of a portfolio.

**Hedge:** an investment made in order to reduce the risk of adverse price movements in a security, by taking an offsetting position to protect against broad market moves.

**Index Exposure:** the use of an instrument to obtain exposure to a listed or other type of index.

**Leverage:** gaining total exposure to equities or other assets on the long and short sides at greater than 100% of invested capital.

**Liquidity:** the ability to buy or sell exposure with little price/market impact.

**Speculation:** the use of an instrument to express macro-economic and other investment views.

To the extent the Fund's investment strategy consistently involves applying leverage, the value of the Fund's shares will tend to increase or decrease more than the value of any increase or decrease in the underlying index or other asset. In addition, because an investment in derivative instruments generally requires a small investment relative to the amount of investment exposure assumed, an opportunity for increased net income is created; but, at the same time, leverage risk will increase. The Fund's use of leverage, through borrowings or instruments such as derivatives, may cause an investment in the Fund to be more volatile and riskier than if the Fund had not been leveraged.

**Options Purchased and Written** 

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited) continued*** | &nbsp;&nbsp;August 31, 2025 |

---

A call option on a security gives the purchaser of the option the right to buy, and the writer of a call option the obligation to sell, the underlying security. The purchaser of a put option has the right to sell, and the writer of the put option the obligation to buy, the underlying security at any time during the option period. The risk associated with purchasing options is limited to the premium originally paid.

The risk in writing a call option is that the Fund may incur a loss if the market price of the underlying security increases and the option is exercised. The risk in writing a put option is that the Fund may incur a loss if the market price of the underlying security decreases and the option is exercised. In addition, there may be an imperfect correlation between the movement in prices of options and the underlying securities where the Fund may not be able to enter into a closing transaction because of an illiquid secondary market; or, for OTC options, the Fund may be at risk because of the counterparty's inability to perform.

**Futures Contracts**

A futures contract is an agreement to purchase (long) or sell (short) an agreed amount of securities or other instruments at a set price for delivery at a future date. There are significant risks associated with the Fund's use of futures contracts, including (i) there may be an imperfect or no correlation between the changes in market value of the underlying asset and the prices of futures contracts; (ii) there may not be a liquid secondary market for a futures contract; (iii) trading restrictions or limitations may be imposed by an exchange; and (iv) government regulations may restrict trading in futures contracts. When investing in futures, there is minimal counterparty credit risk to the Fund because futures are exchange-traded and the exchange's clearinghouse, as counterparty to all exchange-traded futures, guarantees against default. Securities held as collateral are noted on the Fund's Schedule of Investments.

**Swap Agreements**

A swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices or rates for a specified amount of an underlying asset. When utilizing OTC swaps, the Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying asset declines in value. Certain standardized swaps are subject to mandatory central clearing and are executed on a multi-lateral or other trade facility platform, such as a registered exchange. There is limited counterparty credit risk with respect to centrally-cleared swaps as the transaction is facilitated through a central clearinghouse, much like exchange-traded futures contracts. If the Fund utilizes centrally-cleared swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. There is no guarantee that the Fund or an underlying fund could eliminate its exposure under an outstanding swap agreement by entering into an offsetting swap agreement with the same or another party.

Total return swaps involve commitments where single or multiple cash flows are exchanged based on the price of an underlying reference asset (such as an index) for a fixed or variable interest rate. Total return swaps will usually be computed based on the current value of the reference asset as of the close of regular trading on the NYSE or other exchange, with the swap value being adjusted to include dividends accrued, financing charges and/or interest associated with the swap agreement. When utilizing total return swaps, the Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying reference asset declines in value.

Interest rate swaps involve the exchange by the Fund with another party for its respective commitment to pay or receive a fixed or variable interest rate on a notional amount of principal. Interest rate swaps are generally centrally-cleared, but central clearing does not make interest rate swap transactions risk free.

Credit default swaps are instruments which allow for the full or partial transfer of third-party credit risk, with respect to a particular entity or entities, from one counterparty to the other. The Fund enters into credit default swaps as a "seller" or "buyer" of protection primarily to gain or reduce exposure to the investment grade and/or high yield bond market. A seller of credit default swaps is selling credit protection or assuming credit risk with respect to the underlying entity or entities. The buyer in a credit default swap is obligated to pay the seller a periodic stream of payments over the term of the contra

ct provided that no event of default on an underlying reference obligation has occurred. If a credit event occurs, as defined under the terms of the swap agreement, the seller will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. The notional amount reflects the maximum potential amount the

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| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited) continued*** | &nbsp;&nbsp;August 31, 2025 |

---

seller of credit protection could be required to pay to the buyer if a credit event occurs. The seller of protection receives periodic premium payments from the buyer and may also receive or pay an upfront premium adjustment to the stated periodic payments. In the event a credit default occurs on a credit default swap referencing an index, a factor adjustment will take place and the buyer of protection will receive a payment reflecting the par less the default recovery rate of the defaulted index component based on its weighting in the index. If no default occurs, the counterparty will pay the stream of payments and have no further obligations to the fund selling the credit protection. If the Fund utilizes centrally cleared credit default swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. For OTC credit default swaps, the Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty, or in the case of a credit default swap in which the Fund is selling credit protection, the default of a third-party issuer.

The quoted market prices and resulting market values for credit default swap agreements on securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

**Forward Foreign Currency Exchange Contracts**

A forward foreign currency exchange contract is an agreement between two parties to exchange two designated currencies at a specific time in the future. Certain types of contracts may be cash settled, in an amount equal to the change in exchange rates during the term of the contract. The contracts can be used to seek to hedge or manage exposure to foreign currency risks with portfolio investments or to seek to gain exposure to foreign currencies.

The market value of a forward foreign currency exchange contract changes with fluctuations in foreign currency exchange rates. Furthermore, the Fund may be exposed to risk if the counterparties cannot meet the contract terms or if the currency value changes unfavorably as compared to the U.S. dollar.

In conjunction with short sales and the use of derivative instruments, the Fund is required to maintain collateral in various forms. Depending on the financial instrument utilized and the broker involved, the Fund uses margin deposits at the broker, cash and/or securities segregated at the custodian bank, discount notes or repurchase agreements allocated to the Fund as collateral.

The Fund has established counterparty credit guidelines and enters into transactions only with financial institutions rated/identified as investment grade or better. The Fund monitors the counterparty credit risk associated with each such financial institution.

**Foreign Investments**

There are several risks associated with exposure to foreign currencies, foreign issuers and emerging markets. The Fund's indirect and direct exposure to foreign currencies subjects the Fund to the risk that those currencies will decline in value relative to the U.S. dollar, or in the case of short positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad. In addition, the Fund may incur transaction costs in connection with conversions between various currencies. The Fund may, but is not obligated to, engage in currency hedging transactions, which generally involve buying currency forward, options or futures contracts. However, not all currency risks may be effectively hedged, and in some cases the costs of hedging techniques may outweigh expected benefits. In such instances, the value of securities denominated in foreign currencies can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar.

The Fund may invest in securities of foreign companies directly, or in financial instruments, such as ADRs and exchange-traded funds, which are indirectly linked to the performance of foreign issuers. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Investing in securities of foreign companies directly, or in financial instruments that are indirectly linked to the performance of foreign issuers, may involve heightened risks not typically associated with investing in U.S. issuers. The value of securities denominated in foreign currencies, and of dividends from such securities, can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar. Foreign securities markets generally have less trading volume and less liquidity than U.S. markets, and prices in some foreign markets may fluctuate more

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|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited) continued*** | &nbsp;&nbsp;August 31, 2025 |

---

than those of securities traded on U.S. markets. Many foreign countries lack accounting and disclosure standards comparable to those that apply to U.S. companies, and it may be more difficult to obtain reliable information regarding a foreign issuer's financial condition and operations. Transaction costs and costs associated with custody services are generally higher for foreign securities than they are for U.S. securities. Some foreign governments levy withholding taxes against dividend and interest income. Although in some countries portions of these taxes are recoverable, the non-recovered portion will reduce the income received by the Fund.

**Reverse Repurchase Agreements**

The Fund may enter into reverse repurchase agreements as part of its financial leverage strategy. Under a reverse repurchase agreement, the Fund temporarily transfers possession of a portfolio instrument to another party, such as a bank or broker-dealer, in return for cash. At the same time, the Fund agrees to repurchase the instrument at an agreed upon time and price, which reflects an interest payment. Such agreements have the economic effect of borrowings. The Fund may enter into such agreements to seek to invest the cash acquired at a rate higher than the cost of the agreement, which would increase earned income. When the Fund enters into a reverse repurchase agreement, any fluctuations in the market value of either the instruments transferred to another party or the instruments in which the proceeds are invested would affect the market value of the Fund's assets. As a result, such transactions may increase fluctuations in the market value of the Fund's assets.

**Note 3 – Fair Value Measurement** 

In accordance with U.S. GAAP, fair value is defined as the price that the Fund would receive to sell an investment or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a three-tier fair value hierarchy based on the types of inputs used to value assets and liabilities and requires corresponding disclosure. The hierarchy and the corresponding inputs are summarized below:

Level 1 — unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 — significant other observable inputs (for example quoted prices for securities that are similar based on characteristics such as interest rates, prepayment speeds, credit risk, etc.).

Level 3 — significant unobservable inputs based on the best information available under the circumstances, to the extent observable inputs are not available, which may include assumptions.

Rule 2a-5 sets forth a definition of "readily available market quotations," which is consistent with the definition of a Level 1 input under U.S. GAAP. Rule 2a-5 provides that "a market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the Fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable."

Securities for which market quotations are not readily available must be valued at fair value as determined in good faith. Accordingly, any security priced using inputs other than Level 1 inputs will be subject to fair value requirements. The types of inputs available depend on a variety of factors, such as the type of security and the characteristics of the markets in which it trades, if any. Fair valuation determinations that rely on fewer or no observable inputs require greater judgment. Accordingly, fair value determinations for Level 3 securities require the greatest amount of judgment.

Independent third-party pricing services are used to value a majority of the Fund's investments. When values are not available from an independent third-party pricing service, they will be determined using a variety of sources and techniques, including: market prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information and analysis. A significant portion of the Fund's assets and liabilities are categorized as Level 2, as indicated in this report.<br>Quotes from broker-dealers, adjusted for fluctuations in criteria such as credit spreads and interest rates, may also be used to value the Fund's assets and liabilities, i.e. prices provided by a broker-dealer or other market participant who has not committed to trade at that price. Although quotes are typically received from established market participants, the Fund may not have the transparency to view the underlying inputs which support the market quotations. Significant changes in a quote would generally result in significant changes in the fair value of the security.<br>Certain fixed income securities are valued by obtaining a monthly quote from a broker-dealer, adjusted for fluctuations in criteria such as credit spreads and interest rates.<br>

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|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited) continued*** | &nbsp;&nbsp;August 31, 2025 |

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Certain loans and other securities are valued using a single daily broker quote or a price from an independent third-party pricing service based on a single daily or monthly broker quote.

The inputs or methodologies selected and applied for valuing securities or other assets are not necessarily an indication of the risk associated with investing in those securities. The suitability, appropriateness and accuracy of the techniques, methodologies and sources employed to determine fair valuation are periodically reviewed and subject to change.

**Note 4 – Federal Income Tax Information**

The Fund intends to comply with the provisions of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"), applicable to regulated investment companies and will distribute substantially all taxable net investment income and capital gains sufficient to relieve the Fund from all, or substantially all, federal income, excise and state income taxes. Therefore, no provision for federal or state income tax or federal excise tax is required.

Tax positions taken or expected to be taken in the course of preparing the Fund's tax returns are evaluated to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. Management has analyzed the Fund's tax positions taken, or to be taken, on U.S. federal income tax returns for all open tax years, and has concluded that no provision for income tax is required in the Fund's financial statements. The Fund's U.S. federal income tax returns are subject to examination by the Internal Revenue Service ("IRS") for a period of three years after they are filed.

If the Fund makes a distribution to its shareholders in excess of its current and accumulated "earnings and profits" in any taxable year, the excess distribution will be treated as a return of capital to the extent of each shareholder's basis (for tax purposes) in its shares, and any distribution in excess of basis will be treated as capital gain. A return of capital is not taxable, but it reduces the shareholder's basis in its shares, which reduces the loss (or increases the gain) on a subsequent taxable disposition by such shareholder of the shares.

At August 31, 2025, the cost of investments for U.S. federal income tax purposes, the aggregate gross unrealized appreciation for all investments for which there was an excess of value over tax cost, and the aggregate gross unrealized depreciation for all investments for which there was an excess of tax cost over value, were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Tax Cost** | **Tax Unrealized<br> Appreciation**  | **Tax Unrealized<br> Depreciation**  | **Net Tax Unrealized<br> Appreciation<br> (Depreciation)**  |
| $788581425 | $20548840 | $(58878725) | $(38329885) |

---

**Note 5 – Unfunded Loan Commitments**

Pursuant to the terms of certain loan agreements, the Fund held unfunded loan commitments as of August 31, 2025. The Fund is obligated to fund these loan commitments at the borrower's discretion.

---

| | | | | |
|:---|:---|:---|:---|:---|
| The unfunded loan commitments as of August 31, 2025, were as follows: | The unfunded loan commitments as of August 31, 2025, were as follows: | The unfunded loan commitments as of August 31, 2025, were as follows: | The unfunded loan commitments as of August 31, 2025, were as follows: | The unfunded loan commitments as of August 31, 2025, were as follows: |
| **Borrower** | **Maturity Date** |  | **Face Amount\*** | **Value** |
| Aegion Corp. | 05/17/28 |  | 142857 | $– |
| Alteryx, Inc. | 02/08/31 |  | 150000 |  |
| AmSpec Parent LLC | 12/11/31 |  | 16000 |  |
| Capstone Acquisition Holdings, Inc. | 11/12/29 |  | 225410 | 1050 |
| Cliffwater LLC | 03/19/32 |  | 130000 |  |
| Datix Bidco Ltd. | 04/25/31 |  | 687500 | 30804 |
| Finastra USA, Inc. | 09/13/29 |  | 113648 | 9449 |
| GrafTech Finance, Inc. | 11/04/29 |  | 577928 |  |
| Hanger, Inc. | 10/23/31 |  | 135741 |  |
| Higginbotham Insurance Agency, Inc. | 11/24/28 |  | 127579 | 784 |
| Integrated Power Services Holdings, Inc. | 11/22/28 |  | 629321 | 1453 |
| Kerridge Commercial Systems Bidco Ltd. | 09/07/30 | GBP | 800000 | 14697 |
| MB2 Dental Solutions LLC | 02/13/31 |  | 516907 | 9782 |
| Oil Changer Holding Corp. | 02/08/27 |  | 84631 |  |
| Powergrid Services LLC | 03/31/30 |  | 671461 | 32900 |
| Secretariat Advisors LLC | 02/21/32 |  | 53763 |  |
| Student Transportation Of America Holdings, Inc. | 06/10/32 |  | 4533 | – |
|  |  |  |  | $100919 |

---

\* The face amount is denominated in U.S. dollars unless otherwise indicated.

GBP – British Pound

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| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited) continued*** | &nbsp;&nbsp;August 31, 2025 |

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**Note 6 – Market Risks**

The value of, or income generated by, the investments held by the Fund are subject to the possibility of rapid and unpredictable fluctuation, and loss that may result from various factors. These factors include, among others, developments affecting (or perceived to affect) individual companies, or issuers or particular industries, or from broader influences, including real or perceived changes in prevailing interest rates (which may change at any time based on changes in monetary policies and various market and other economic conditions), changes in inflation rates or expectations about inflation rates, deflation, adverse investor confidence or sentiment, general outlook for corporate earnings, changing economic, political (including geopolitical), social or financial market conditions, bank failures, increased instability or general uncertainty, extreme weather, environmental or man-made disasters, or geological events, governmental actions, actual or threatened imposition of tariffs (which may be imposed by U.S. and foreign governments) and trade disruptions, public health emergencies (such as the spread of infectious diseases, pandemics and epidemics), debt crises, terrorism, actual or threatened wars or other armed conflicts (such as the conflict in the Middle East and the ongoing Russia-Ukraine conflict and its collateral economic and other effects, including, but not limited to, sanctions and other international trade barriers) or ratings downgrades, and other similar events, each of which may be temporary or last for extended periods. Different sectors, industries and security types may react differently to such developments. Moreover, changing economic, political, geopolitical, social, financial market or other conditions in one country, geographic region or industry could adversely affect the value, yield and return of the investments held by the Fund in a different country, geographic region, economy, industry or market because of the increasingly interconnected global economies and financial markets. The duration and extent of the foregoing types of factors or conditions are highly uncertain and difficult to predict and have in the past, and may in the future, cause volatility and distress in economies and financial markets or other adverse circumstances, which may negatively affect the value of the Fund's investments and performance of the Fund.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**OTHER INFORMATION (Unaudited)** | &nbsp;&nbsp;August 31, 2025 |

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**Federal Income Tax Information**

This information is being provided as required by the Internal Revenue Code. Amounts shown may differ from those elsewhere in the report because of differences in tax and financial reporting practice.

In January 2024, shareholders will be advised on IRS Form 1099 DIV or substitute 1099 DIV as to the U.S. federal tax status of the distributions received by shareholders in the calendar year 2023.

**Sector Classification**

Information in the "Schedule of Investments" is categorized by sectors using sector-level classifications used by Bloomberg Industry Classification System, a widely recognized industry classification system provider. In the Fund's registration statement, the Fund has investment policies relating to concentration in specific industries. For purposes of these investment policies, the Fund usually classifies industries based on industry-level classifications used by widely recognized industry classification system providers such as Bloomberg Industry Classification System, Global Industry Classification Standards and Barclays Global Classification Scheme.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Guggenheim Active Allocation Fund

- **b. Investment Company Act file number:** 811-23702

- **c. CIK number of Registrant:** 0001864208

- **d. LEI of Registrant:** 549300WVFF2XZ68PVT94

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

  - **Street Address 1:** 227 West Monroe Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-827-0100

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

- **a. Name of Series:** Guggenheim Active Allocation Fund

- **c. LEI of Series:** 549300WVFF2XZ68PVT94

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $810834222.12

**Total Liabilities:** $256397089.51

**Net Assets:** $554437132.61

**Delayed Delivery Securities:** $69931769.51

**Cash Not Reported:** $3757355.89

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 4310.02287120 | **1-Year:** 16390.15480750 | **5-Year:** 25985.68628100 | **10-Year:** 16936.54223860 | **30-Year:** 29333.77287860

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

- **3-Month:** 19065.89045400 | **1-Year:** 26776.67642280 | **5-Year:** 64733.75055690 | **10-Year:** 10480.33982800 | **30-Year:** 14123.77256700

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 2.25%                | 0.60%                | 1.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-20436.43               | $9250439.05                                |
| Month 2  | $-1866124.05             | $-1089520.34                               |
| Month 3  | $-6378.40                | $5697526.84                                |

**Designated Index Information**

- **Index Name:** Portfolio (ExDerivative)

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Surmodics Inc                                      | Surmodics, Inc.                                                               | CUSIP: 868873100<br>LEI: 549300H76KXCAAGUS878 | Long             | EC               | CORP              | US        |        80 | NS      | $2723.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Lending Corp                                  | Open Lending Corp.                                                            | CUSIP: 68373J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1223 | NS      | $2580.53      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                                    | Match Group, Inc.                                                             | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      5697 | NS      | $212725.98    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank                              | CURRENCY CONTRACT - Rec USD / Deliver EUR                                     | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DFE              |  | US        |    -19000 | NC      | $52.23        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fossil Group Inc                                   | Fossil Group, Inc.                                                            | CUSIP: 34988V106<br>LEI: DDMY8YZ6L8UEMS1FDM73 | Long             | EC               | CORP              | US        |       284 | NS      | $869.04       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OrthoPediatrics Corp                               | OrthoPediatrics Corp.                                                         | CUSIP: 68752L100<br>LEI: 5493000KUTPFGOPAT717 | Long             | EC               | CORP              | US        |        80 | NS      | $1708.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesarstone Ltd                                    | Caesarstone Ltd.                                                              | CUSIP: N/A<br>LEI: 254900MJ7IXAH75VFC61       | Long             | EC               | CORP              | US        |       134 | NS      | $190.28       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc                     | Virtus Investment Partners, Inc.                                              | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |        85 | NS      | $17121.55     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spruce Power Holding Corp                          | Spruce Power Holding Corp.                                                    | CUSIP: 9837FR209<br>LEI: 549300W71XJ8DIF9RQ35 | Long             | EC               | CORP              | US        |        78 | NS      | $113.10       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -2422291 | PA      | $-2422291.31  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                                  | Generate CLO 21 Ltd.                                                          | CUSIP: 37150EAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    750000 | PA      | $660444.45    | 0.12%             | 2038-07-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ikena Oncology, Inc.                               | Ikena Oncology, Inc.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       161 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Global Market Strategi                     | Carlyle US CLO 2025-4 Ltd.                                                    | CUSIP: 142919AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $891900.00    | 0.16%             | 2037-10-25      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| PLANVIEW PARENT INC                                | Planview Parent, Inc.                                                         | CUSIP: N/A<br>LEI: 549300SEALM1D9FKMA32       | Long             | LON              | CORP              | US        |   1042665 | PA      | $1017036.59   | 0.18%             | 2027-12-17      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| FTAI AIRCRAFT LEASING SPV 2025 LP                  | FTAI Aircraft                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   4255044 | NS      | $4255044.00   | 0.77%             |  |  |  | No            |                  3 | On Loan: No      |
| Astec Industries Inc                               | Astec Industries, Inc.                                                        | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |       133 | NS      | $6156.57      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OCP CLO Ltd                                        | OCP CLO Ltd.                                                                  | CUSIP: 67120JAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $372216.90    | 0.07%             | 2038-01-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                             | Arsenal AIC Parent LLC                                                        | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $582552.30    | 0.11%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -2521654 | PA      | $-2521653.76  | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| Precision BioSciences Inc                          | Precision BioSciences, Inc.                                                   | CUSIP: 74019P207<br>LEI: 549300I5QGRS3BLHZH41 | Long             | EC               | CORP              | US        |         9 | NS      | $44.10        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bolt Biotherapeutics Inc                           | Bolt Biotherapeutics, Inc.                                                    | CUSIP: 097702203<br>LEI: 254900W0P77PQ6B8OY50 | Long             | EC               | CORP              | US        |         6 | NS      | $31.74        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW FLYER HOLDINGS                                 | New Flyer Holdings, Inc.                                                      | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $214539.20    | 0.04%             | 2030-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FR REFUEL LLC                                      | FR Refuel LLC                                                                 | CUSIP: N/A<br>LEI: 549300Y6GW0LGV84NW77       | Long             | LON              | CORP              | US        |   1924167 | PA      | $1904925.00   | 0.34%             | 2028-11-08      | Variable      | 9.18%                 | No            |                  2 | On Loan: No      |
| Piedmont Realty Trust Inc                          | Piedmont Realty Trust, Inc.                                                   | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       727 | NS      | $6157.69      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxart Inc                                         | Vaxart, Inc.                                                                  | CUSIP: 92243A200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       715 | NS      | $278.85       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonos Inc                                          | Sonos, Inc.                                                                   | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Long             | EC               | CORP              | US        |      1488 | NS      | $20712.96     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                              | Williams Scotsman, Inc.                                                       | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156897.15    | 0.03%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Concentra Biosciences, LLC                         | Concentra Biosciences, LLC                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       231 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -2975358 | PA      | $-2975358.42  | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| B Riley Financial Inc                              | B Riley Financial, Inc.                                                       | CUSIP: 05580M108<br>LEI: 529900LRQ75IKIPK4990 | Long             | EC               | CORP              | US        |       118 | NS      | $649.59       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ocugen Inc                                         | Ocugen, Inc.                                                                  | CUSIP: 67577C105<br>LEI: 549300JVNUI9CXWJLR09 | Long             | EC               | CORP              | US        |      2201 | NS      | $2245.02      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| USANA Health Sciences Inc                          | USANA Health Sciences, Inc.                                                   | CUSIP: 90328M107<br>LEI: 549300YTURXE814MAH96 | Long             | EC               | CORP              | US        |        70 | NS      | $2233.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc                                   | TriNet Group, Inc.                                                            | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |       474 | NS      | $34327.08     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                           | MB2 Dental Solutions LLC                                                      | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Short            | LON              | CORP              | US        |    -93600 | PA      | $-9109.64     | -0.00%            | 2031-02-13      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                             | NextEra Energy Capital Holdings, Inc.                                         | CUSIP: 65339K837<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |     16750 | NS      | $422267.50    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Oncternal Therapeutics Inc                         | Oncternal Therapeutics, Inc.                                                  | CUSIP: 68236P206<br>LEI: 549300QZ85LIXQ8O7P72 | Long             | EC               | CORP              | US        |        13 | NS      | $6.85         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SOMNIGROUP INTL INC                                | Somnigroup International, Inc.                                                | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    600000 | PA      | $548907.24    | 0.10%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Signature Bank/New York NY                         | Signature Bank                                                                | CUSIP: 82669G104<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EC               | CORP              | US        |      1846 | NS      | $1015.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie                     | Alexandria Real Estate Equities, Inc.                                         | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      1357 | NS      | $111871.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| iHeartMedia Inc                                    | iHeartMedia, Inc.                                                             | CUSIP: 45174J509<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1313 | NS      | $2796.69      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya CLO Ltd                                       | Voya CLO Ltd.                                                                 | CUSIP: 92919HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1750000 | PA      | $1011447.50   | 0.18%             | 2035-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cerus Corp                                         | Cerus Corp.                                                                   | CUSIP: 157085101<br>LEI: 254900BIEY9XIDA04Q21 | Long             | EC               | CORP              | US        |       986 | NS      | $1291.66      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                                | Terreno Realty Corp.                                                          | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       863 | NS      | $49855.51     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        | -30109856 | PA      | $-30109855.61 | -5.43%            |  |  |  | No            |                  2 | On Loan: No      |
| Alarm.com Holdings Inc                             | Alarm.com Holdings, Inc.                                                      | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |       552 | NS      | $32363.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -1233444 | PA      | $-1233443.51  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| Appian Corp                                        | Appian Corp.                                                                  | CUSIP: 03782L101<br>LEI: 529900NIARIFW7HGU386 | Long             | EC               | CORP              | US        |       461 | NS      | $14189.58     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INGEVITY CORP                                      | Ingevity Corp.                                                                | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2778213.34   | 0.50%             | 2028-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Dayforce Inc                                       | Dayforce, Inc.                                                                | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |      4165 | NS      | $290592.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Custom Truck One Source Inc                        | Custom Truck One Source, Inc.                                                 | CUSIP: 23204X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       540 | NS      | $3315.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co/The                                 | Gorman-Rupp Co.                                                               | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |       135 | NS      | $5773.95      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Inogen Inc                                         | Inogen, Inc.                                                                  | CUSIP: 45780L104<br>LEI: 549300J8WJIVTOJ8IH97 | Long             | EC               | CORP              | US        |       116 | NS      | $926.84       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DATIX BIDCO LIMITED                                | Datix Bidco Ltd.                                                              | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Long             | LON              | CORP              | US        |   1304000 | PA      | $1749219.56   | 0.32%             | 2031-04-30      | Variable      | 9.46%                 | No            |                  3 | On Loan: No      |
| WRENCH GROUP LLC                                   | Wrench Group LLC                                                              | CUSIP: N/A<br>LEI: 549300P8EZVZ0SIZ7N24       | Long             | LON              | CORP              | US        |   1333125 | PA      | $1331045.33   | 0.24%             | 2028-10-30      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| Alpha Teknova Inc                                  | Alpha Teknova, Inc.                                                           | CUSIP: 02080L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        41 | NS      | $177.12       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE RIBBON LLC (USA)                              | Blue Ribbon LLC                                                               | CUSIP: N/A<br>LEI: 549300NQM7J4KC44D416       | Long             | LON              | CORP              | US        |   1242203 | PA      | $1235992.13   | 0.22%             | 2028-05-08      | Variable      | 6.14%                 | No            |                  3 | On Loan: No      |
| CAPSTONE BORROWER INC                              | Capstone Borrower, Inc.                                                       | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1047072.00   | 0.19%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Bayard Park CLO, Ltd                               | Bayard Park CLO Ltd.                                                          | CUSIP: 072716AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $408733.30    | 0.07%             | 2038-07-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                           | Corebridge Financial, Inc.                                                    | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $2016592.91   | 0.36%             | 2052-12-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| PLATINUM EQUITIES LLC                              | Pelican Products, Inc.                                                        | CUSIP: N/A<br>LEI: 5493008CRWH2WFODTF44       | Long             | LON              | CORP              | US        |   5548750 | PA      | $4771925.00   | 0.86%             | 2028-12-29      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding XL LLC                                                  | CUSIP: 15675AAG4<br>LEI: 635400FRD1HEGKSHCI69 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1011520.10   | 0.18%             | 2035-03-22      | Floating      | 10.72%                | No            |                  2 | On Loan: No      |
| DARKTRACE FINCO US LLC                             | Leia Finco US LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1296750 | PA      | $1299187.89   | 0.23%             | 2031-10-09      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Penn Entertainment Inc                             | Penn Entertainment, Inc.                                                      | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15035 | NS      | $304158.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONSTAR MTG HLD INC                             | Nationstar Mortgage Holdings, Inc.                                            | CUSIP: 43734LAA4<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |    790000 | PA      | $788228.66    | 0.14%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                     | Whirlpool Corp.                                                               | CUSIP: 963320AX4<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $74380.72     | 0.01%             | 2050-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -3378996 | PA      | $-3378996.41  | -0.61%            |  |  |  | No            |                  2 | On Loan: No      |
| OraSure Technologies Inc                           | OraSure Technologies, Inc.                                                    | CUSIP: 68554V108<br>LEI: 529900GNNJPNM4XHXQ77 | Long             | EC               | CORP              | US        |       426 | NS      | $1410.06      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DXP ENTERPRISES INC                                | DXP Enterprises, Inc.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    640162 | PA      | $642364.66    | 0.12%             | 2030-10-11      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -2634375 | NC      | $-10614.56    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEXUS PARENT LLC                                   | IntraFi                                                                       | CUSIP: N/A<br>LEI: 254900PILSANV8WOOF24       | Long             | LON              | CORP              | US        |    700000 | PA      | $695625.00    | 0.13%             | 2032-01-31      | Variable      | 10.07%                | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                         | U.S. Secured Overnight Financing Rate                                         | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |  53800000 | OU      | $-647883.27   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Wonder Lake Park CLO, Ltd.                         | Wonder Lake Park CLO Ltd.                                                     | CUSIP: 97816XAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1200000 | PA      | $1016310.48   | 0.18%             | 2038-07-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Workiva Inc                                        | Workiva, Inc.                                                                 | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |       501 | NS      | $41202.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                           | Occidental Petroleum Corp.                                                    | CUSIP: 674599DH5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3190000 | PA      | $3637675.03   | 0.66%             | 2039-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| GRAFTECH FINANCE INC                               | GrafTech Finance, Inc.                                                        | CUSIP: 384311AC0<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $2272000.00   | 0.41%             | 2029-12-23      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                        | 9-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |   8780000 | NC      | $142091.13    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Progyny Inc                                        | Progyny, Inc.                                                                 | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       754 | NS      | $17847.18     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -1387973 | PA      | $-1387973.39  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| GoPro Inc                                          | GoPro, Inc.                                                                   | CUSIP: 38268T103<br>LEI: 549300CQJMLT21SZFL16 | Long             | EC               | CORP              | US        |       755 | NS      | $1177.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VODAFONE GROUP PLC                                 | Vodafone Group plc                                                            | CUSIP: 92857WBX7<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   4750000 | PA      | $3683442.51   | 0.66%             | 2081-06-04      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -2634375 | NC      | $-5801.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KERRIDGE COMMERCIAL SYSTEMS MID CO LTD             | Kerridge Commercial Systems Bidco Ltd.                                        | CUSIP: N/A<br>LEI: 549300J33RX52OWCKR29       | Short            | LON              | CORP              | GB        |   -800000 | PA      | $-14696.68    | -0.00%            | 2030-09-07      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| Sana Biotechnology Inc                             | Sana Biotechnology, Inc.                                                      | CUSIP: 799566104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1029 | NS      | $3148.74      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding XLV LLC                                                 | CUSIP: 15675FAG3<br>LEI: 6354005BRQJC9NIG3407 | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1513974.30   | 0.27%             | 2036-04-15      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                             | Fertitta Entertainment LLC / Fertitta Entertainment Finance Company, Inc.     | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1577318.49   | 0.28%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Organogenesis Holdings Inc                         | Organogenesis Holdings, Inc.                                                  | CUSIP: 68621F102<br>LEI: 549300RLC2O821TU6941 | Long             | EC               | CORP              | US        |       379 | NS      | $1951.85      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                        | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -2634375 | NC      | $-12093.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Mission Produce Inc                                | Mission Produce, Inc.                                                         | CUSIP: 60510V108<br>LEI: 54930016JOKVFT59L825 | Long             | EC               | CORP              | US        |       220 | NS      | $2752.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                        | Foreign Exchange USD/JPY                                                      | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |   1105000 | NC      | $20461.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CEAMER FINANCE LLC                                 | Ceamer Finance LLC                                                            | CUSIP: N/A<br>LEI: 549300KGM6NOF0Q0GA88       | Long             | ABS-O            | CORP              | US        |   2095500 | PA      | $2157883.54   | 0.39%             | 2037-11-15      | Fixed         | 6.92%                 | No            |                  3 | On Loan: No      |
| CORDOBES PARENT SARL                               | Cordobes Holdco SL                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | ES        |   2400000 | PA      | $2809771.85   | 0.51%             | 2029-02-02      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| CONTRA LIGAND PHARMACE- NPV                        | Ligand Pharmaceuticals, Inc.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        67 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Golub Capital Partners CLO Ltd                     | Golub Capital Partners CLO 46M Ltd.                                           | CUSIP: 38178UAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003259.10   | 0.18%             | 2037-04-20      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Arcimoto Inc                                       | Arcimoto, Inc.                                                                | CUSIP: 039587209<br>LEI: 549300MG7KF9H96GWE02 | Long             | EC               | CORP              | US        |         9 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Homology Medicines, Inc.                           | Homology Medicines, Inc.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       249 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FINANCIERE MENDELSSOHN                             | Ceva Sante                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |    493769 | PA      | $494178.58    | 0.09%             | 2030-11-08      | Variable      | 6.98%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -1281790 | PA      | $-1281790.35  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                           | Outfront Media Capital LLC / Outfront Media Capital Corp.                     | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $312354.09    | 0.06%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FUSION BUYER LLC                                   | Fusion Intermediate, LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    741581 | PA      | $746527.59    | 0.13%             | 2030-06-06      | Variable      | 12.40%                | No            |                  2 | On Loan: No      |
| TARA TOPCO LTD                                     | Ardonagh Finco Ltd.                                                           | CUSIP: N/A<br>LEI: 254900D2T84O1K03BA28       | Long             | DBT              | CORP              | JE        |    700000 | PA      | $852687.12    | 0.15%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Society Pass Inc                                   | Society Pass, Inc.                                                            | CUSIP: 83370P201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         2 | NS      | $2.68         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Octagon 78 Ltd                                     | Octagon 78 Ltd.                                                               | CUSIP: 675963AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1100000 | PA      | $945472.00    | 0.17%             | 2038-10-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| DISCOVERY PURCHASER CORP                           | Discovery Purchaser Corp.                                                     | CUSIP: N/A<br>LEI: 2549001LSO1ZBIPA5D65       | Long             | LON              | CORP              | US        |    547253 | PA      | $545431.09    | 0.10%             | 2029-10-04      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| Cambium Networks Corp                              | Cambium Networks Corp.                                                        | CUSIP: N/A<br>LEI: 549300OYSIGK6OT5WL04       | Long             | EC               | CORP              | US        |        63 | NS      | $47.86        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cascade Funding Mortgage Trust                     | CFMT LLC                                                                      | CUSIP: 12530GAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $673879.29    | 0.12%             | 2037-09-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                       | Ares CLO Ltd.                                                                 | CUSIP: 03990LAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $954840.80    | 0.17%             | 2038-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Elicio Therapeutics Inc                            | Elicio Therapeutics, Inc.                                                     | CUSIP: 28657F103<br>LEI: 254900EE2QKYD5SGI956 | Long             | EC               | CORP              | US        |        12 | NS      | $126.36       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| THUNDERBIRD 2022-1                                 | Thunderbird B                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1030700.00   | 0.19%             | 2037-03-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| Solid Biosciences Inc                              | Solid Biosciences, Inc.                                                       | CUSIP: 83422E204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        23 | NS      | $126.04       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Curis Inc                                          | Curis, Inc.                                                                   | CUSIP: 231269309<br>LEI: 5299000YO6CX4WMFVX06 | Long             | EC               | CORP              | US        |        25 | NS      | $41.75        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTITUDE GROUP HOLDINGS                           | Fortitude Group Holdings LLC                                                  | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |    350000 | PA      | $363663.72    | 0.07%             | 2030-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| QSR PLATFORM HOLDING SCA                           | QSRP Finco B.V.                                                               | CUSIP: N/A<br>LEI: 894500AXJRZ3TICBD793       | Long             | LON              | CORP              | BE        |   1300000 | PA      | $1526735.70   | 0.28%             | 2031-06-19      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| NASSAU COMPANIES OF NY                             | Nassau Companies of New York                                                  | CUSIP: 63155AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $634398.13    | 0.11%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SHAW DEVELOPMENT LLC                               | Shaw Development LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1191303 | PA      | $1119146.77   | 0.20%             | 2029-10-30      | Variable      | 10.31%                | No            |                  3 | On Loan: No      |
| Allegiant Travel Co                                | Allegiant Travel Co.                                                          | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |        90 | NS      | $5639.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                                 | Walt Disney Co.                                                               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      1941 | NS      | $229775.58    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Turbine Inc                                | Digital Turbine, Inc.                                                         | CUSIP: 25400W102<br>LEI: 549300D0WZR1VI2QGB24 | Long             | EC               | CORP              | US        |      1060 | NS      | $4452.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPHALT BUYER II LLC                               | Asphalt Atd Holdco,  LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     85758 | PA      | $85758.34     | 0.02%             | 2030-02-28      | Variable      | 5.65%                 | No            |                  3 | On Loan: No      |
| Safehold Inc                                       | Safehold, Inc.                                                                | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |       334 | NS      | $5497.64      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Recursion Pharmaceuticals Inc                      | Recursion Pharmaceuticals, Inc.                                               | CUSIP: 75629V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1343 | NS      | $6312.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SECRETARIAT ADVISORS LLC                           | Secretariat Advisors LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -53763 | PA      | $0.00         | 0.00%             | 2032-02-21      | Variable      | 4.00%                 | No            |                  3 | On Loan: No      |
| Bank of America, N.A.                              | SPDR S&P 500 ETF Trust                                                        | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DE               |  | US        |     31900 | NC      | $1622115.00   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanda Pharmaceuticals Inc                          | Vanda Pharmaceuticals, Inc.                                                   | CUSIP: 921659108<br>LEI: 529900AY8VOOQBKJ0O70 | Long             | EC               | CORP              | US        |       326 | NS      | $1541.98      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Starz Entertainment Corp                           | Starz Entertainment Corp.                                                     | CUSIP: 855919106<br>LEI: 5493000JSMHPHZURLM72 | Long             | EC               | CORP              | US        |       117 | NS      | $1494.09      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Manitowoc Co Inc/The                               | Manitowoc Company, Inc.                                                       | CUSIP: 563571405<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | EC               | CORP              | US        |       204 | NS      | $2019.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lands' End Inc                                     | Lands' End, Inc.                                                              | CUSIP: 51509F105<br>LEI: 54930016WOL7P2P67Q43 | Long             | EC               | CORP              | US        |        85 | NS      | $1220.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                        | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -2634375 | NC      | $-5665.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OptimizeRx Corp                                    | OptimizeRx Corp.                                                              | CUSIP: 68401U204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       205 | NS      | $3704.35      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Korro Bio Inc                                      | Korro Bio, Inc.                                                               | CUSIP: 500946108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         3 | NS      | $69.24        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIGGO BOND CO BV                                   | Ziggo Bond Company B.V.                                                       | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |   4361000 | PA      | $3849203.51   | 0.69%             | 2030-02-28      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CONMED Corp                                        | CONMED Corp.                                                                  | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |       339 | NS      | $18428.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                              | Mohawk Industries, Inc.                                                       | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |      2047 | NS      | $271616.43    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Castle Biosciences Inc                             | Castle Biosciences, Inc.                                                      | CUSIP: 14843C105<br>LEI: 2549007M2Q4HLR1XD252 | Long             | EC               | CORP              | US        |       124 | NS      | $2977.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc                     | Community Healthcare Trust, Inc.                                              | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |       141 | NS      | $2172.81      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Talis Biomedical Corp                              | Talis Biomedical Corp.                                                        | CUSIP: 87424L207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         6 | NS      | $9.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp                                            | VF Corp.                                                                      | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |      4779 | NS      | $72306.27     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MAUSER PACKAGING SOLUT                             | Mauser Packaging Solutions Holding Co.                                        | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    700000 | PA      | $708332.10    | 0.13%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Nomura Global Financial Products, Inc.             | CURRENCY CONTRACT - Rec USD / Deliver EUR                                     | CUSIP: N/A<br>LEI: 0Z3VO5H2G7GRS05BHJ91       | N/A              | DFE              |  | US        |  -1030000 | NC      | $-3364.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Alteryx, Inc.                                      | Alteryx, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -150000 | PA      | $0.00         | 0.00%             | 2031-02-08      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| DURAVANT LLC                                       | Engineered Machinery Holdings, Inc.                                           | CUSIP: N/A<br>LEI: 5493008AR0NPSLW8EW07       | Long             | LON              | CORP              | US        |   1000000 | PA      | $1173663.27   | 0.21%             | 2028-05-21      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                | Station Casinos LLC                                                           | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3075389.85   | 0.55%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Retractable Technologies Inc                       | Retractable Technologies, Inc.                                                | CUSIP: 76129W105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       103 | NS      | $86.31        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LSTAR Securities Investment Lt                     | LSTAR Securities Investment Ltd.                                              | CUSIP: 54916LAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1096605 | PA      | $1102831.02   | 0.20%             | 2029-01-01      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Stem Inc                                           | Stem, Inc.                                                                    | CUSIP: 85859N300<br>LEI: 549300GVWIYFILN5V546 | Long             | EC               | CORP              | US        |        66 | NS      | $998.58       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK                                | First Republic Bank                                                           | CUSIP: 33616C696<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |    200000 | NS      | $600.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                            | American National Group, Inc.                                                 | CUSIP: 025676859<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |     25000 | NS      | $635000.00    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| iRobot Corp                                        | iRobot Corp.                                                                  | CUSIP: 462726100<br>LEI: 5493009PRNKOUKBAT390 | Long             | EC               | CORP              | US        |       315 | NS      | $1067.85      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toronto-Dominion Bank                          | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |  -2634375 | NC      | $-4834.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Portage Biotech Inc                                | Portage Biotech, Inc.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |         2 | NS      | $14.64        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                           | BX Trust                                                                      | CUSIP: 05610DAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1006869.90   | 0.18%             | 2038-05-15      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                           | Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer           | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $155136.30    | 0.03%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Lexicon Pharmaceuticals Inc                        | Lexicon Pharmaceuticals, Inc.                                                 | CUSIP: 528872302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       408 | NS      | $448.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -258844 | PA      | $-258843.71   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce, Toronto Branch | Canadian Imperial Bank of Commerce                                            | CUSIP: N/A<br>LEI: 2IGI19DL77OX0HC3ZE78       | Short            | RA               | CORP              | CA        |   -630600 | PA      | $-630600.50   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Southern First Bancshares Inc                      | Southern First Bancshares, Inc.                                               | CUSIP: 842873101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        44 | NS      | $1984.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SECRETARIAT ADVISORS LLC                           | Secretariat Advisors LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    445121 | PA      | $446514.20    | 0.08%             | 2032-02-27      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| LendingClub Corp                                   | LendingClub Corp.                                                             | CUSIP: 52603A208<br>LEI: 549300YC50YO7Y1OJR92 | Long             | EC               | CORP              | US        |      1171 | NS      | $20117.78     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                                        | Moderna, Inc.                                                                 | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |      1850 | NS      | $44566.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                                    | Robert Half, Inc.                                                             | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |      2350 | NS      | $87702.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Phathom Pharmaceuticals Inc                        | Phathom Pharmaceuticals, Inc.                                                 | CUSIP: 71722W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       120 | NS      | $1461.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                                   | Shutterstock, Inc.                                                            | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |       274 | NS      | $5734.82      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Seer Inc                                           | Seer, Inc.                                                                    | CUSIP: 81578P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       495 | NS      | $1014.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Forian Inc                                         | Forian, Inc.                                                                  | CUSIP: 34630N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       112 | NS      | $224.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CARPENTER TECHNOLOGY                               | Carpenter Technology Corp.                                                    | CUSIP: 144285AM5<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1647430.40   | 0.30%             | 2030-03-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Monro Inc                                          | Monro, Inc.                                                                   | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       194 | NS      | $3216.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.    | S&P 500 Index                                                                 | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -7 | NC      | $-16450.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| KAISER ALUMINUM CORP                               | Kaiser Aluminum Corp.                                                         | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4350000 | PA      | $4080775.89   | 0.74%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHRS_C                                             | Coherus Biosciences, Inc.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       208 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Bath & Body Works Inc                              | Bath & Body Works, Inc.                                                       | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     10922 | NS      | $319031.62    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OIL CHANGER HOLDING CORP                           | Oil Changer Holding Corp.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    632935 | PA      | $632935.46    | 0.11%             | 2027-02-08      | Variable      | 11.06%                | No            |                  3 | On Loan: No      |
| TLWND 2019-1                                       | GAIA Aviation Ltd.                                                            | CUSIP: 87404LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3011136 | PA      | $2919386.70   | 0.53%             | 2044-12-15      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                        | 9-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -8780000 | NC      | $-48696.34    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AGLE_C                                             | Aeglea BioTherapeutics, Inc.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       240 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Global Medical REIT Inc                            | Global Medical REIT, Inc.                                                     | CUSIP: 37954A204<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               | CORP              | US        |       351 | NS      | $2632.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ATRECA INC                                         | Atreca, Inc.                                                                  | CUSIP: N/A<br>LEI: 549300B5CQV1OOXFLU71       | Long             |  | CORP              | US        |       154 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AASET 2021-1 Trust                                 | AASET Trust                                                                   | CUSIP: 00038PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    559543 | PA      | $535359.57    | 0.10%             | 2041-11-16      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                     | TeamSystem SpA                                                                | CUSIP: N/A<br>LEI: 81560062081DF3AB7A90       | Long             | DBT              | CORP              | IT        |   1300000 | PA      | $1523845.58   | 0.27%             | 2031-07-31      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp                              | Truist Financial Corp.                                                        | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      4474 | NS      | $209472.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | CURRENCY CONTRACT - Rec USD / Deliver EUR                                     | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |    -47000 | NC      | $39.78        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| XBiotech Inc                                       | XBiotech, Inc.                                                                | CUSIP: 98400H102<br>LEI: 5299002WACAY28TQAS52 | Long             | EC               | CORP              | US        |        90 | NS      | $284.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA LIGAND PHARMACE- NPV                        | Ligand Pharmaceuticals, Inc.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        67 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Durect Corp                                        | Durect Corp.                                                                  | CUSIP: 266605500<br>LEI: 549300EW9IYW3V3QPJ86 | Long             | EC               | CORP              | US        |       134 | NS      | $257.28       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Automotive Reit                            | CARS-DB7, LP                                                                  | CUSIP: 12510HAT7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1028125 | PA      | $1038530.45   | 0.19%             | 2053-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN                             | MIWD Holdco II LLC / MIWD Finance Corp.                                       | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2555900.10   | 0.46%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HyreCar Inc                                        | HyreCar, Inc.                                                                 | CUSIP: 44916T107<br>LEI: 549300Y900ZKQQLV6S25 | Long             | EC               | CORP              | US        |       104 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.    | Invesco QQQ Trust Series                                                      | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |      -285 | NC      | $-87780.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co.                                                             | CUSIP: 94988U151<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     61250 | NS      | $1191925.00   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Electronics Inc                          | Universal Electronics, Inc.                                                   | CUSIP: 913483103<br>LEI: 549300ZW9EULAR7T6F89 | Long             | EC               | CORP              | US        |        74 | NS      | $359.27       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CARPENTER TECHNOLOGY                               | Carpenter Technology Corp.                                                    | CUSIP: 144285AL7<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200595.20    | 0.04%             | 2028-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CONGRUEX GROUP LLC                                 | Congruex Group LLC                                                            | CUSIP: N/A<br>LEI: 254900DY0KADNJ4ZCJ32       | Long             | LON              | CORP              | US        |    464572 | PA      | $389079.09    | 0.07%             | 2029-05-03      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| INTEGRATED POWER SERVICES HOLDINGS INC             | Integrated Power Services Holdings, Inc.                                      | CUSIP: N/A<br>LEI: 254900XZHU62GSCKCC41       | Long             | LON              | CORP              | US        |   1160803 | PA      | $1158122.71   | 0.21%             | 2028-11-22      | Variable      | 8.93%                 | No            |                  3 | On Loan: No      |
| RINCHEM COMPANY LLC                                | Rinchem Company LLC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3104000 | PA      | $1674235.52   | 0.30%             | 2029-03-02      | Variable      | 8.65%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                           | Madison Park Funding LVIII Ltd.                                               | CUSIP: 55817BAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    550000 | PA      | $554348.91    | 0.10%             | 2037-04-25      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| Seres Therapeutics Inc                             | Seres Therapeutics, Inc.                                                      | CUSIP: 81750R201<br>LEI: 549300GMXBE5NUWISF13 | Long             | EC               | CORP              | US        |        20 | NS      | $378.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIFORM MBS                                        | Uniform MBS 30 Year                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   5474000 | PA      | $5667248.62   | 1.02%             | 2025-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CryoPort Inc                                       | CryoPort, Inc.                                                                | CUSIP: 229050307<br>LEI: 9845004D8538BT8JF626 | Long             | EC               | CORP              | US        |       476 | NS      | $4217.36      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Beam Global                                        | Beam Global                                                                   | CUSIP: 07373B109<br>LEI: 254900CT39JVKHAANA12 | Long             | EC               | CORP              | US        |        52 | NS      | $142.48       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Unisys Corp                                        | Unisys Corp.                                                                  | CUSIP: 909214306<br>LEI: 549300T21W22FIJJOW08 | Long             | EC               | CORP              | US        |       384 | NS      | $1501.44      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Outdoors Inc                               | Johnson Outdoors, Inc.                                                        | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        31 | NS      | $1249.92      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD INDUSTRIES INC                            | Standard Industries, Inc.                                                     | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2299872.48   | 0.41%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Blackstone Strategic Credit 20                     | Blackstone Strategic Credit Fund                                              | CUSIP: 09257R101<br>LEI: 549300YESIF051NRED20 | Long             | EC               | RF                | US        |     91382 | NS      | $1151413.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreCard Corp                                      | CoreCard Corp.                                                                | CUSIP: 45816D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        43 | NS      | $1189.81      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mechanics Bancorp                                  | Mechanics Bancorp                                                             | CUSIP: 43785V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       114 | NS      | $1581.18      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC NETWORKS INC                                   | AMC Networks, Inc.                                                            | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1420086.25   | 0.26%             | 2032-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| BHN UPPER INTERMEDIATE HOLDINGS INC                | Blackhawk Network Holdings, Inc.                                              | CUSIP: N/A<br>LEI: 549300LFU3K8UIR03132       | Long             | LON              | CORP              | US        |   1336534 | PA      | $1341358.64   | 0.24%             | 2029-03-12      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| ACROPOLE HOLDING SAS                               | Diot-Siaci                                                                    | CUSIP: N/A<br>LEI: 969500NM0252PENX2L59       | Long             | LON              | CORP              | FR        |   1000000 | PA      | $1170913.77   | 0.21%             | 2032-07-26      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Eventbrite Inc                                     | Eventbrite, Inc.                                                              | CUSIP: 29975E109<br>LEI: 549300N6XBV2B1FAUF55 | Long             | EC               | CORP              | US        |       448 | NS      | $1187.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Aviation Securitization                     | AASET Trust                                                                   | CUSIP: 00255UAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    335808 | PA      | $330414.89    | 0.06%             | 2040-01-16      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Cato Corp/The                                      | Cato Corp.                                                                    | CUSIP: 149205106<br>LEI: 529900R4SJUY7GCUU865 | Long             | EC               | CORP              | US        |       117 | NS      | $480.87       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EPZM_C                                             | Epizyme, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       793 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Aptiv PLC                                          | Aptiv plc                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      4627 | NS      | $367985.31    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -2634375 | NC      | $-5919.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Latham Group Inc                                   | Latham Group, Inc.                                                            | CUSIP: 51819L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       240 | NS      | $1927.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Big 5 Sporting Goods Corp                          | Big 5 Sporting Goods Corp.                                                    | CUSIP: 08915P101<br>LEI: 529900BFAM7VKQMKUC49 | Long             | EC               | CORP              | US        |       123 | NS      | $174.66       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Property Trust Inc                           | Rithm Property Trust, Inc.                                                    | CUSIP: 38983D300<br>LEI: 5493004ID2QQWNGDYC18 | Long             | EC               | CORP              | US        |       129 | NS      | $331.53       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Premier Bancorp Inc                        | Pacific Premier Bancorp, Inc.                                                 | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |      1095 | NS      | $26816.55     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                        | 12-Month/2-Year Interest Rate Swap                                            | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  10749147 | NC      | $70958.02     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Aebi Schmidt Holding AG                            | Aebi Schmidt Holding AG                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       422 | NS      | $5186.38      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AI GLOBAL INVESTMENTS & CY SCA                     | AI Monet (Luxembourg) Parentco SARL                                           | CUSIP: N/A<br>LEI: 254900ZBR0EYN4SVLE93       | Long             | LON              | CORP              | LU        |   1000000 | PA      | $1174880.07   | 0.21%             | 2031-03-06      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| POWERGRID VEGETATION SERVICES LLC                  | Powergrid Services LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      7951 | PA      | $7951.09      | 0.00%             | 2032-03-31      | Variable      | 9.04%                 | No            |                  2 | On Loan: No      |
| Endo Guc Trust                                     | Endo Guc Trust                                                                | CUSIP: 29281F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133456 | NS      | $13.35        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Pulmonx Corp                                       | Pulmonx Corp.                                                                 | CUSIP: 745848101<br>LEI: 549300WZMFR0ZK7RJY40 | Long             | EC               | CORP              | US        |       155 | NS      | $265.05       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                       | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -4306727 | PA      | $-4306726.67  | -0.78%            |  |  |  | No            |                  2 | On Loan: No      |
| Cartesian Therapeutics, Inc.                       | Cartesian Therapeutics, Inc.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       542 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD                              | Sotheby's/Bidfair Holdings, Inc.                                              | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2003271.60   | 0.36%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                           | Jefferies Finance LLC / JFIN Company-Issuer Corp.                             | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3810000 | PA      | $3697449.93   | 0.67%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                           | MB2 Dental Solutions LLC                                                      | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |   1874578 | PA      | $1871601.47   | 0.34%             | 2031-02-13      | Variable      | 9.82%                 | No            |                  3 | On Loan: No      |
| Novagold Resources Inc                             | Novagold Resources, Inc.                                                      | CUSIP: 66987E206<br>LEI: 529900587LVZTJ2BHS60 | Long             | EC               | CORP              | US        |      1390 | NS      | $9507.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW ENTERPRISE STONE & L                           | New Enterprise Stone & Lime Company, Inc.                                     | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2306509.00   | 0.42%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Unifi Inc                                          | Unifi, Inc.                                                                   | CUSIP: 904677200<br>LEI: 549300MW5LPO0M2LNO04 | Long             | EC               | CORP              | US        |        81 | NS      | $358.02       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STRIP PRINC                                        | U.S. Treasury Bonds                                                           | CUSIP: 912803ER0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1920000 | PA      | $686938.16    | 0.12%             | 2046-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Utah Medical Products Inc                          | Utah Medical Products, Inc.                                                   | CUSIP: 917488108<br>LEI: 5493002R27BBGV8DID60 | Long             | EC               | CORP              | US        |        20 | NS      | $1244.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalBridge Group Inc                            | DigitalBridge Group, Inc.                                                     | CUSIP: 25401T603<br>LEI: 549300XG87L902AGBO89 | Long             | EC               | CORP              | US        |      1417 | NS      | $16167.97     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -1239129 | PA      | $-1239128.68  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                 | Panama Government International Bond                                          | CUSIP: 698299BS2<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   1700000 | PA      | $1153620.00   | 0.21%             | 2063-01-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bitfarms Ltd/Canada                                | Bitfarms Ltd.                                                                 | CUSIP: 09173B107<br>LEI: 254900YWMA64Y1RPNJ12 | Long             | EC               | CORP              | US        |        12 | NS      | $16.08        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce, Toronto Branch | Canadian Imperial Bank of Commerce                                            | CUSIP: N/A<br>LEI: 2IGI19DL77OX0HC3ZE78       | Short            | RA               | CORP              | CA        |   -426002 | PA      | $-426002.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Mesa Air Group Inc                                 | Mesa Air Group, Inc.                                                          | CUSIP: 590479135<br>LEI: 549300EY743RMV1F7P98 | Long             | EC               | CORP              | US        |       204 | NS      | $252.96       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ANCHOR PACKAGING LLC                               | Anchor Packaging LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    792000 | PA      | $792792.00    | 0.14%             | 2029-07-18      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                            | CARS-DB4, LP                                                                  | CUSIP: 12510HAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450000 | PA      | $1319131.85   | 0.24%             | 2050-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Veritone Inc                                       | Veritone, Inc.                                                                | CUSIP: 92347M100<br>LEI: 549300XTAS2FCSL4EL89 | Long             | EC               | CORP              | US        |       169 | NS      | $515.45       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DS ADMIRAL BIDCO LLC                               | DS Admiral Bidco LLC                                                          | CUSIP: N/A<br>LEI: 25490030X7DBAF7KCR65       | Long             | LON              | CORP              | US        |   1369108 | PA      | $1367396.33   | 0.25%             | 2031-06-26      | Variable      | 8.55%                 | No            |                  2 | On Loan: No      |
| Eos Energy Enterprises Inc                         | Eos Energy Enterprises, Inc.                                                  | CUSIP: 29415C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       259 | NS      | $1787.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cue Biopharma Inc                                  | Cue Biopharma, Inc.                                                           | CUSIP: 22978P106<br>LEI: 549300PBW78KZA33WC97 | Long             | EC               | CORP              | US        |       183 | NS      | $142.78       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| USI INC/NY                                         | USI, Inc.                                                                     | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |    350000 | PA      | $370839.70    | 0.07%             | 2032-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NEXUS PARENT LLC                                   | Nexus Buyer LLC                                                               | CUSIP: N/A<br>LEI: 254900PILSANV8WOOF24       | Long             | LON              | CORP              | US        |   1442759 | PA      | $1439455.14   | 0.26%             | 2031-07-31      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                               | Ryan Specialty LLC                                                            | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    450000 | PA      | $434926.13    | 0.08%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| XEROX CORPORATION                                  | Xerox Corp.                                                                   | CUSIP: 984121CS0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259421.00    | 0.05%             | 2030-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| AZ BATTERY PROPERTY LLC                            | AZ Battery Property LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    980000 | PA      | $935645.20    | 0.17%             | 2046-02-20      | Fixed         | 6.73%                 | No            |                  3 | On Loan: No      |
| Diodes Inc                                         | Diodes, Inc.                                                                  | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |       510 | NS      | $27761.85     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Regatta 34 Funding Ltd.                            | Regatta 34 Funding Ltd.                                                       | CUSIP: 75904CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    650000 | PA      | $648001.12    | 0.12%             | 2038-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Akoustis Technologies Inc                          | Akoustis Technologies, Inc.                                                   | CUSIP: 00973N102<br>LEI: 549300DLBFV9XWL6J142 | Long             | EC               | CORP              | US        |       287 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                         | Charter Communications, Inc.                                                  | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |       457 | NS      | $121370.06    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                           | Encore Capital Group, Inc.                                                    | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    750000 | PA      | $791917.02    | 0.14%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CIENA CORP                                         | Ciena Corp.                                                                   | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |    850000 | PA      | $806883.50    | 0.15%             | 2030-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EVERGREEN ACQCO/TVI INC                            | Evergreen Acqco 1 Limited Partnership / TVI, Inc.                             | CUSIP: 30015DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1133000 | PA      | $1180360.53   | 0.21%             | 2028-04-26      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ICEBOX HOLDCO III INC                              | Icebox Holdco III, Inc.                                                       | CUSIP: N/A<br>LEI: 254900DLB65AKI8CQ466       | Long             | LON              | CORP              | US        |   3098687 | PA      | $3113684.90   | 0.56%             | 2028-12-22      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| Dana Inc                                           | Dana, Inc.                                                                    | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |      1698 | NS      | $34231.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Castlelake Aircraft Securitiza                     | Castlelake Aircraft Securitization Trust                                      | CUSIP: 14855MAA6<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |    213861 | PA      | $205882.23    | 0.04%             | 2039-04-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Health Catalyst Inc                                | Health Catalyst, Inc.                                                         | CUSIP: 42225T107<br>LEI: 549300223PL6GWKVJG92 | Long             | EC               | CORP              | US        |       609 | NS      | $2064.51      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SILVER LAKE (OFFSHORE) AIV GP V LTD                | Zephyr Bidco Ltd.                                                             | CUSIP: N/A<br>LEI: 549300ZI8D8NFMCTDS74       | Long             | LON              | CORP              | GB        |    500000 | PA      | $676361.67    | 0.12%             | 2028-07-20      | Variable      | 9.47%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                            | American National Group, Inc.                                                 | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1355793.00   | 0.24%             | 2055-12-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Omnicell Inc                                       | Omnicell, Inc.                                                                | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |       513 | NS      | $16718.67     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        | -20126539 | PA      | $-20126539.24 | -3.63%            |  |  |  | No            |                  2 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding XLII LLC                                                | CUSIP: 15675CAE5<br>LEI: 635400CIKKARDIZZL727 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.36%             | 2035-09-13      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| Purple Innovation Inc                              | Purple Innovation, Inc.                                                       | CUSIP: 74640Y106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       343 | NS      | $397.88       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corp                              | Twist Bioscience Corp.                                                        | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |       633 | NS      | $17072.01     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Channel Outdoor Holdings                     | Clear Channel Outdoor Holdings, Inc.                                          | CUSIP: 18453H106<br>LEI: 254900XBEE6V1ENYS150 | Long             | EC               | CORP              | US        |      4259 | NS      | $5281.16      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings Inc                          | Sally Beauty Holdings, Inc.                                                   | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |      1288 | NS      | $17851.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISURE CAYMAN 2                                  | Verisure Holding AB                                                           | CUSIP: N/A<br>LEI: 549300VQQCWGISM3N408       | Long             | DBT              | CORP              | SE        |    650000 | PA      | $789673.17    | 0.14%             | 2030-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cartesian Therapeutics Inc                         | Cartesian Therapeutics, Inc.                                                  | CUSIP: 816212302<br>LEI: 529900NMN0LACZOL7C43 | Long             | EC               | CORP              | US        |        18 | NS      | $180.90       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNAFERD AS                                        | Visma AS                                                                      | CUSIP: N/A<br>LEI: 5967007LIEEXZXB1YO53       | Long             | LON              | CORP              | NO        |   2500000 | PA      | $2925002.93   | 0.53%             | 2028-12-05      | Variable      | 6.03%                 | No            |                  3 | On Loan: No      |
| FONTAINEBLEAU LAS VEGAS                            | Fontainbleau Vegas                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2500000.00   | 0.45%             | 2028-01-31      | Fixed         | 10.01%                | No            |                  3 | On Loan: No      |
| Movado Group Inc                                   | Movado Group, Inc.                                                            | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |        91 | NS      | $1662.57      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ginkgo Bioworks Holdings Inc                       | Ginkgo Bioworks Holdings, Inc.                                                | CUSIP: 37611X209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        10 | NS      | $126.70       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc                                   | Malibu Boats, Inc.                                                            | CUSIP: 56117J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       121 | NS      | $4017.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Jol Air                                            | JOL Air Ltd.                                                                  | CUSIP: 46651NAA2<br>LEI: 549300TS4MUGCDXPW498 | Long             | ABS-O            | CORP              | KY        |   2584184 | PA      | $2565242.35   | 0.46%             | 2044-04-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Datix Bidco Ltd.                                   | Datix Bidco Ltd.                                                              | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -390000 | PA      | $0.00         | 0.00%             | 2031-04-25      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| Denali Therapeutics Inc                            | Denali Therapeutics, Inc.                                                     | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Long             | EC               | CORP              | US        |      1062 | NS      | $16216.74     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.    | S&P 500 Index                                                                 | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -7 | NC      | $-30555.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Coherus Oncology Inc                               | Coherus Oncology, Inc.                                                        | CUSIP: 19249H103<br>LEI: 5493007IL8W5MV932D26 | Long             | EC               | CORP              | US        |       806 | NS      | $934.96       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LASERAWAY INTERMEDIATE HOLDINGS II LLC             | LaserAway Intermediate Holdings II LLC                                        | CUSIP: N/A<br>LEI: 254900KPMJ49M2JTOZ92       | Long             | LON              | CORP              | US        |   5548750 | PA      | $5437775.00   | 0.98%             | 2027-10-14      | Variable      | 10.33%                | No            |                  2 | On Loan: No      |
| GCAT                                               | GCAT Trust                                                                    | CUSIP: 36168WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    601758 | PA      | $599359.67    | 0.11%             | 2067-08-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                              | Clearwater Paper Corp.                                                        | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |   1609000 | PA      | $1522966.77   | 0.27%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STUDENT TRANSPORTATION OF AMERICA HOLDINGS INC     | Student Transportation Of America Holdings, Inc.                              | CUSIP: N/A<br>LEI: 549300O4G48RRYGSD439       | Short            | LON              | CORP              | US        |     -4533 | PA      | $0.00         | 0.00%             | 2032-06-10      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| Boyce Park CLO, LLC                                | Boyce Park CLO Ltd.                                                           | CUSIP: 103226AA4<br>LEI: 54930028S3PFXX4SMQ72 | Long             | ABS-O            | CORP              | JE        |   4000000 | PA      | $4004254.80   | 0.72%             | 2035-04-21      | Floating      | 10.58%                | No            |                  2 | On Loan: No      |
| Beyondspring Inc                                   | Beyondspring, Inc.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       133 | NS      | $228.76       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                             | AP Grange Holdings LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    191235 | PA      | $191235.12    | 0.03%             | 2045-03-20      | Fixed         | 6.50%                 | No            |                  3 | On Loan: No      |
| ViewRay Inc                                        | ViewRay, Inc.                                                                 | CUSIP: 92672L107<br>LEI: 5493006XTUBSKFU3W106 | Long             | EC               | CORP              | US        |       837 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ballyrock Ltd                                      | Ballyrock CLO 1 Ltd.                                                          | CUSIP: 05875KAE6<br>LEI: 254900EJNL3EAF77OS82 | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $250157.88    | 0.05%             | 2032-07-15      | Floating      | 11.33%                | No            |                  2 | On Loan: No      |
| The Carlyle Group Inc.                             | The Carlyle Group Inc.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |        20 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrington Mortgage Loan Trust                     | Carrington Mortgage Loan Trust Series                                         | CUSIP: 144539AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1237286 | PA      | $1105209.08   | 0.20%             | 2037-01-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| BACH FINANCE LTD                                   | Fugue Finance LLC                                                             | CUSIP: N/A<br>LEI: 254900Y4DWBRGAFENC88       | Long             | LON              | CORP              | US        |   1389518 | PA      | $1391754.62   | 0.25%             | 2032-01-09      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT                            | Iron Mountain Information Management Services, Inc.                           | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1537923.36   | 0.28%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELTA PARENT HOLDINGS INC                          | Duff & Phelps                                                                 | CUSIP: N/A<br>LEI: 549300FDREJLOIGXY104       | Long             | LON              | CORP              | US        |    989583 | PA      | $1150994.14   | 0.21%             | 2027-04-09      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| Telesis Bio Inc                                    | Telesis Bio, Inc.                                                             | CUSIP: 192003200<br>LEI: 529900WZ6YTAF0SQB206 | Long             | EC               | CORP              | US        |         3 | NS      | $0.04         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIT4 GROUP HOLDING BV                             | Bock Capital Bidco B.V.                                                       | CUSIP: N/A<br>LEI: 259400UFTFGBNQWX0O86       | Long             | LON              | CORP              | NL        |   1200000 | PA      | $1412074.41   | 0.25%             | 2028-06-29      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| CELESTIAL-SATURN PARENT INC                        | CoreLogic, Inc.                                                               | CUSIP: N/A<br>LEI: 54930086CD8K2UIL0516       | Long             | LON              | CORP              | US        |    884887 | PA      | $881789.54    | 0.16%             | 2028-06-02      | Variable      | 7.93%                 | No            |                  2 | On Loan: No      |
| TORTUGA RESORTS GHD LLC                            | Tortuga Resorts GHD LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    850000 | PA      | $850000.00    | 0.15%             | 2032-08-13      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| TEAM BLUE FINCO SARL                               | Team.Blue Finco SARL                                                          | CUSIP: N/A<br>LEI: 549300DR8PIYMOZ4YU85       | Long             | LON              | CORP              | LU        |   1000000 | PA      | $1172048.67   | 0.21%             | 2029-09-30      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| TechTarget Inc                                     | TechTarget, Inc.                                                              | CUSIP: 87874R308<br>LEI: 529900YQA5JL2H2VMB84 | Long             | EC               | CORP              | US        |       305 | NS      | $1799.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Heron Therapeutics Inc                             | Heron Therapeutics, Inc.                                                      | CUSIP: 427746102<br>LEI: 549300DR2I1DOPD2IX53 | Long             | EC               | CORP              | US        |      1100 | NS      | $1485.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                                      | U.S. Treasury Bills                                                           | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $399905.89    | 0.07%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TACKLE SARL                                        | Tipico                                                                        | CUSIP: N/A<br>LEI: 222100DLH8KKOD63ZQ23       | Long             | LON              | CORP              | LU        |   1000000 | PA      | $1170398.97   | 0.21%             | 2028-05-22      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                          | ONEOK, Inc.                                                                   | CUSIP: 682680CR2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    975000 | PA      | $1049264.69   | 0.19%             | 2030-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Pershing Square Holdings, Ltd.                     | Pershing Square SPARC Holdings, Ltd.                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     82425 | NS      | $8.24         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GrafTech Finance, Inc.                             | GrafTech Finance, Inc.                                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -577928 | PA      | $-0.01        | -0.00%            | 2029-11-04      | Variable      | 3.75%                 | No            |                  3 | On Loan: No      |
| GrowGeneration Corp                                | GrowGeneration Corp.                                                          | CUSIP: 39986L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       647 | NS      | $1099.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanterix Corp                                     | Quanterix Corp.                                                               | CUSIP: 74766Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       361 | NS      | $1642.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JONES DESLAURIERS INSURA                           | Jones Deslauriers Insurance Management, Inc.                                  | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $793270.61    | 0.14%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Arvinas Inc                                        | Arvinas, Inc.                                                                 | CUSIP: 04335A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       548 | NS      | $4236.04      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| iTeos Therapeutics Inc                             | iTeos Therapeutics, Inc.                                                      | CUSIP: 46565G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       120 | NS      | $1218.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortress Biotech Inc                               | Fortress Biotech, Inc.                                                        | CUSIP: 34960Q307<br>LEI: 529900DZUWSYUURECK24 | Long             | EC               | CORP              | US        |        28 | NS      | $72.24        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Lots Inc                                       | Big Lots, Inc.                                                                | CUSIP: 089302103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       354 | NS      | $0.18         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| comScore Inc                                       | comScore, Inc.                                                                | CUSIP: 20564W204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        20 | NS      | $131.20       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGGINBOTHAM INSURANCE AGENCY INC                  | Higginbotham Insurance Agency, Inc.                                           | CUSIP: N/A<br>LEI: 549300IY2QEM8MQC2K06       | Long             | LON              | CORP              | US        |    171292 | PA      | $170239.10    | 0.03%             | 2028-11-24      | Variable      | 9.07%                 | No            |                  3 | On Loan: No      |
| HAWK HOLDING COMPANY LLC                           | Alterra Mountain Co.                                                          | CUSIP: N/A<br>LEI: 549300C5O4FSVNUEI843       | Long             | LON              | CORP              | US        |   1042138 | PA      | $1042794.67   | 0.19%             | 2030-05-31      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -1203241 | PA      | $-1203241.10  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                   | CSC Holdings LLC                                                              | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    300000 | PA      | $194614.67    | 0.04%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Identiv Inc                                        | Identiv, Inc.                                                                 | CUSIP: 45170X205<br>LEI: 5299008KH3C585Z0DS77 | Long             | EC               | CORP              | US        |       127 | NS      | $469.90       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ModivCare Inc                                      | ModivCare, Inc.                                                               | CUSIP: 60783X104<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | EC               | CORP              | US        |       145 | NS      | $47.17        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | CURRENCY CONTRACT - Rec USD / Deliver EUR                                     | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        | -62590000 | NC      | $152755.67    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                              | Foreign Exchange EUR/USD                                                      | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   3806000 | NC      | $13120.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                          | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | CA        |  -2634375 | NC      | $-5033.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP HOLDINGS LLC                    | First Brands Group LLC                                                        | CUSIP: N/A<br>LEI: 2549005IXRZR7KSBJD91       | Long             | LON              | CORP              | US        |   1134062 | PA      | $1077358.51   | 0.19%             | 2027-03-30      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES DREDGE&DOCK                            | Great Lakes Dredge & Dock Corp.                                               | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1393723.62   | 0.25%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Porch Group Inc                                    | Porch Group, Inc.                                                             | CUSIP: 733245104<br>LEI: 549300NXEI7CVW8IXQ90 | Long             | EC               | CORP              | US        |       894 | NS      | $15171.18     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                          | Crocs, Inc.                                                                   | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |       683 | NS      | $59557.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOLUDA CORPORACION MARITIMA SL                     | Boluda Towage S.L.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | ES        |   1250000 | PA      | $1471364.22   | 0.27%             | 2030-01-31      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Montrose Environmental Group I                     | Montrose Environmental Group, Inc.                                            | CUSIP: 615111101<br>LEI: 254900ASI8K3LUB8Q958 | Long             | EC               | CORP              | US        |       305 | NS      | $9473.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America, N.A.                              | Foreign Exchange EUR/USD                                                      | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   2053000 | NC      | $51.91        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEOGEN FOOD SAFE CORP                              | Neogen Food Safety Corp.                                                      | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $942698.70    | 0.17%             | 2030-07-20      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Blue Foundry Bancorp                               | Blue Foundry Bancorp                                                          | CUSIP: 09549B104<br>LEI: 5493008KPK5NJT0FNK56 | Long             | EC               | CORP              | US        |       167 | NS      | $1551.43      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| aka Brands Holding Corp                            | aka Brands Holding Corp.                                                      | CUSIP: 00152K200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         4 | NS      | $45.20        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                           | United Wholesale Mortgage LLC                                                 | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4234838.23   | 0.76%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Target Corp                                        | Target Corp.                                                                  | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      1235 | NS      | $118535.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyliion Holdings Corp                              | Hyliion Holdings Corp.                                                        | CUSIP: 449109107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       698 | NS      | $1172.64      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMSTED INDUSTRIES                                  | Amsted Industries, Inc.                                                       | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153642.75    | 0.03%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                          | Caesars Entertainment, Inc.                                                   | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |      8165 | NS      | $218577.05    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnera Corp                                       | Magnera Corp.                                                                 | CUSIP: 55939A107<br>LEI: 549300LDQLQBT38QDY28 | Long             | EC               | CORP              | US        |        20 | NS      | $248.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KERRIDGE COMMERCIAL SYSTEMS MID CO LTD             | Kerridge Commercial Systems Bidco Ltd.                                        | CUSIP: N/A<br>LEI: 549300J33RX52OWCKR29       | Long             | LON              | CORP              | GB        |   1200000 | PA      | $1599795.77   | 0.29%             | 2030-09-07      | Variable      | 9.47%                 | No            |                  3 | On Loan: No      |
| Sensei Biotherapeutics Inc                         | Sensei Biotherapeutics, Inc.                                                  | CUSIP: 81728A207<br>LEI: 8945002MP2CXKAENWU30 | Long             | EC               | CORP              | US        |         6 | NS      | $48.18        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SK INVICTUS INTERMEDIATE                           | SK Invictus Intermediate II SARL                                              | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   4250000 | PA      | $4164426.25   | 0.75%             | 2029-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co/The                      | Goodyear Tire & Rubber Co.                                                    | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |      3229 | NS      | $27381.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FUSION BUYER LLC                                   | Fusion Buyer LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     15577 | NS      | $441343.14    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -334672 | PA      | $-334671.81   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| AMSPEC PARENT LLC                                  | AmSpec Parent LLC                                                             | CUSIP: N/A<br>LEI: 254900LUGRP5Z7OOV477       | Short            | LON              | CORP              | US        |    -16000 | PA      | $0.00         | 0.00%             | 2031-12-11      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| Vincerx Pharma Inc                                 | Vincerx Pharma, Inc.                                                          | CUSIP: 92731L304<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         4 | NS      | $0.13         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MCGRAW-HILL EDUCATION                              | McGraw-Hill Education, Inc.                                                   | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1734323.00   | 0.31%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Ichor Holdings Ltd                                 | Ichor Holdings Ltd.                                                           | CUSIP: N/A<br>LEI: 529900PS8R2JVLJ2H892       | Long             | EC               | CORP              | US        |       331 | NS      | $5577.35      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                          | CURRENCY CONTRACT - Rec USD / Deliver CAD                                     | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |  -2796000 | NC      | $-3887.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INNOVATE Corp                                      | INNOVATE Corp.                                                                | CUSIP: 45784J303<br>LEI: 549300S6O246JWQQ1K58 | Long             | EC               | CORP              | US        |        29 | NS      | $156.89       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                                  | State Street Corp.                                                            | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |    400000 | NS      | $406814.40    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Playboy Inc                                        | Playboy, Inc.                                                                 | CUSIP: 72814P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       337 | NS      | $552.68       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc                                  | Eagle Bancorp, Inc.                                                           | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |       185 | NS      | $3592.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MARA Holdings Inc                                  | MARA Holdings, Inc.                                                           | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |      1115 | NS      | $17817.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                             | RB Global Holdings, Inc.                                                      | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    650000 | PA      | $682106.10    | 0.12%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                              | McGraw-Hill Education, Inc.                                                   | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1809368.66   | 0.33%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BELROSE FUNDING TRUST II                           | Belrose Funding Trust II                                                      | CUSIP: 08079KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $880955.24    | 0.16%             | 2055-05-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| C4 Therapeutics Inc                                | C4 Therapeutics, Inc.                                                         | CUSIP: 12529R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       460 | NS      | $1196.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PagerDuty Inc                                      | PagerDuty, Inc.                                                               | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |       967 | NS      | $16187.58     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GT Biopharma Inc                                   | GT Biopharma, Inc.                                                            | CUSIP: 36254L308<br>LEI: 549300HMPDDS7IM47Y18 | Long             | EC               | CORP              | US        |         3 | NS      | $2.80         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TREEHOUSE FOODS INC                                | TreeHouse Foods, Inc.                                                         | CUSIP: 89469AAD6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1857777.00   | 0.34%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FINASTRA SUBCO LTD                                 | Finastra USA, Inc.                                                            | CUSIP: N/A<br>LEI: 549300ZB2RO6QC7YTK71       | Long             | LON              | CORP              | US        |      6352 | PA      | $5824.08      | 0.00%             | 2029-09-13      | Variable      | 11.57%                | No            |                  3 | On Loan: No      |
| CYTEIR THERAPEUTICS INC                            | Cyteir Therapeutics, Inc.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        99 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BUCKEYE PARTNERS LP                                | Buckeye Partners, LP                                                          | CUSIP: 118230AM3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1478054.00   | 0.27%             | 2043-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| COBANK ACB                                         | CoBank ACB                                                                    | CUSIP: 19075QAD4<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | EP               | CORP              | US        |   3000000 | NS      | $2896280.10   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust                                                  | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1211035 | PA      | $1206115.33   | 0.22%             | 2036-09-15      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Kalaris Therapeutics Inc                           | Kalaris Therapeutics, Inc.                                                    | CUSIP: 482929106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         7 | NS      | $28.56        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SCIL IV LLC / SCIL USA HOLDINGS LLC                | SCIL IV LLC / SCIL USA Holdings LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    550000 | PA      | $674649.08    | 0.12%             | 2028-07-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Walker & Dunlop Inc                                | Walker & Dunlop, Inc.                                                         | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       341 | NS      | $29002.05     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GrafTech International Ltd                         | GrafTech International Ltd.                                                   | CUSIP: 384313607<br>LEI: 549300GY32W00XP57351 | Long             | EC               | CORP              | US        |       234 | NS      | $2316.86      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOWTIE CV JERSEY HOLDCO LTD                        | Bowtie Germany Bidco GmbH                                                     | CUSIP: N/A<br>LEI: 254900F23Z2F8RRW1Q10       | Long             | LON              | CORP              | DE        |   1300000 | PA      | $1520058.50   | 0.27%             | 2031-08-01      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| ACCIDENT FUND INS CO AM                            | Accident Fund Insurance Company of America                                    | CUSIP: 00452AAA8<br>LEI: 2549009NUX96RJZ6DQ30 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2539044.97   | 0.46%             | 2032-08-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                           | MB2 Dental Solutions LLC                                                      | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |    233404 | PA      | $231583.51    | 0.04%             | 2031-02-13      | Variable      | 9.82%                 | No            |                  3 | On Loan: No      |
| Madison Park Funding Ltd                           | Madison Park Funding LIII Ltd.                                                | CUSIP: 558201AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   7500000 | PA      | $7412489.25   | 1.34%             | 2035-04-21      | Floating      | 10.33%                | No            |                  2 | On Loan: No      |
| Carisma Therapeutics Inc                           | Carisma Therapeutics, Inc.                                                    | CUSIP: 14216R101<br>LEI: 549300DGKHONOZQIY116 | Long             | EC               | CORP              | US        |        59 | NS      | $12.69        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitol Federal Financial Inc                      | Capitol Federal Financial, Inc.                                               | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       762 | NS      | $4937.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OIL CHANGER HOLDING CORP                           | Oil Changer Holding Corp.                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -84631 | PA      | $0.00         | 0.00%             | 2027-02-08      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| Firstkey Homes Trust                               | FirstKey Homes Trust                                                          | CUSIP: 33767JBC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1093435.31   | 0.20%             | 2037-10-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AZURITE INTERMEDIATE HOLDINGS INC                  | Azurite Intermediate Holdings, Inc.                                           | CUSIP: N/A<br>LEI: 549300XWZG0JHL7I0827       | Long             | LON              | CORP              | US        |    412500 | PA      | $412500.00    | 0.07%             | 2031-03-19      | Variable      | 10.32%                | No            |                  3 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                           | Focus Financial Partners LLC                                                  | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1395056.25   | 0.25%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TLWND 2019-1                                       | GAIA Aviation Ltd.                                                            | CUSIP: 87404LAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    750994 | PA      | $683359.63    | 0.12%             | 2044-12-15      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                         | DaVita, Inc.                                                                  | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   5200000 | PA      | $5006166.88   | 0.90%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Annexon Inc                                        | Annexon, Inc.                                                                 | CUSIP: 03589W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       185 | NS      | $381.10       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -2676887 | PA      | $-2676887.21  | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| Innovative Industrial Properti                     | Innovative Industrial Properties, Inc.                                        | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |       292 | NS      | $16544.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Canoo Inc                                          | Canoo, Inc.                                                                   | CUSIP: 13803R300<br>LEI: 5493004KHMS7ZZPSQE04 | Long             | EC               | CORP              | US        |         2 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PARK RIVER HOLDINGS INC                            | Park River Holdings, Inc.                                                     | CUSIP: N/A<br>LEI: 254900PGY077KWCROT75       | Long             | LON              | CORP              | US        |    198445 | PA      | $197617.07    | 0.04%             | 2027-12-28      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| SHILTON MIDCO 2 LTD                                | Shilton BidCo Ltd.                                                            | CUSIP: N/A<br>LEI: 549300JUUQPK8NFDUB17       | Long             | LON              | CORP              | GB        |   1000000 | PA      | $1173347.37   | 0.21%             | 2030-01-14      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -760356 | PA      | $-760356.12   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                           | Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.                    | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1622853.00   | 0.29%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Accelerate Diagnostics Inc                         | Accelerate Diagnostics, Inc.                                                  | CUSIP: 00430H201<br>LEI: 2549007HE5QY1QEQ8K43 | Long             | EC               | CORP              | US        |        19 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vera Bradley Inc                                   | Vera Bradley, Inc.                                                            | CUSIP: 92335C106<br>LEI: 52990005Q6LEJKXO7M51 | Long             | EC               | CORP              | US        |       155 | NS      | $320.85       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE PRO USA INC                                  | Waste Pro USA, Inc.                                                           | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    300000 | PA      | $313689.30    | 0.06%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                          | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | CA        |  -2634375 | NC      | $-13212.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tattooed Chef Inc                                  | Tattooed Chef, Inc.                                                           | CUSIP: 87663X102<br>LEI: 5493005UQQNAE47M7Q04 | Long             | EC               | CORP              | US        |       281 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamlin Park CLO                                    | Hamlin Park CLO Ltd.                                                          | CUSIP: 407908AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   1000000 | PA      | $831499.60    | 0.15%             | 2037-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust                                                  | CUSIP: 12433CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    468098 | PA      | $469706.69    | 0.08%             | 2039-08-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| CLARIOS INTERNATIONAL INC                          | Clarios Global, LP                                                            | CUSIP: N/A<br>LEI: 549300474L1ZLXZY2P98       | Long             | LON              | CORP              | CA        |   1400000 | PA      | $1400000.00   | 0.25%             | 2032-01-28      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY INC                                   | Vnom Sub, Inc.                                                                | CUSIP: 92763MAA3<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |     64000 | PA      | $63958.02     | 0.01%             | 2027-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                              | Foreign Exchange EUR/USD                                                      | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   5872000 | NC      | $136.59       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WOLVERINE WORLD WIDE                               | Wolverine World Wide, Inc.                                                    | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |    300000 | PA      | $275887.32    | 0.05%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SVC ABS LLC                                        | SVC ABS LLC                                                                   | CUSIP: 78487JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    993750 | PA      | $976461.33    | 0.18%             | 2053-02-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Cannae Holdings Inc                                | Cannae Holdings, Inc.                                                         | CUSIP: 13765N107<br>LEI: 549300OGRF1ICI7D2V77 | Long             | EC               | CORP              | US        |       994 | NS      | $18587.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                        | Foreign Exchange USD/JPY                                                      | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |    254000 | NC      | $1586.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pool Corp                                          | Pool Corp.                                                                    | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |       578 | NS      | $179590.38    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KDAC Aviation Finance Limited                      | KDAC Aviation Finance Ltd.                                                    | CUSIP: 48244XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1279260 | PA      | $1263269.35   | 0.23%             | 2042-12-15      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| HANGER INC                                         | Hanger, Inc.                                                                  | CUSIP: N/A<br>LEI: 254900ZJJJYVLHJXSZ60       | Long             | LON              | CORP              | US        |     23894 | PA      | $23939.40     | 0.00%             | 2031-10-23      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Healthpeak Properties Inc                          | Healthpeak Properties, Inc.                                                   | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |      7889 | NS      | $141528.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AZURITE INTERMEDIATE HOLDINGS INC                  | Alteryx, Inc.                                                                 | CUSIP: N/A<br>LEI: 549300XWZG0JHL7I0827       | Long             | LON              | CORP              | US        |    937500 | PA      | $937500.00    | 0.17%             | 2031-03-19      | Variable      | 10.32%                | No            |                  3 | On Loan: No      |
| Carriage Services Inc                              | Carriage Services, Inc.                                                       | CUSIP: 143905107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        90 | NS      | $3940.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WW INTERNATIONAL INC                               | Weight Watchers International, Inc.                                           | CUSIP: N/A<br>LEI: SGT8R1MU6ESIC7UJC518       | Long             | LON              | CORP              | US        |    502987 | PA      | $458975.49    | 0.08%             | 2030-06-24      | Variable      | 11.12%                | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FINANCING US LLC              | Allwyn Entertainment Financing US LLC                                         | CUSIP: N/A<br>LEI: 315700J7ZTIN8XGCX365       | Long             | LON              | CORP              | GB        |   1250000 | PA      | $1463027.96   | 0.26%             | 2032-03-19      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                              | QXO Building Products, Inc.                                                   | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    400000 | PA      | $413121.90    | 0.07%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Star Holdings                                      | Star Holdings                                                                 | CUSIP: 85512G106<br>LEI: 549300NXTGWF12PTMW64 | Long             | EC               | CORP              | US        |        60 | NS      | $521.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                                     | Whirlpool Corp.                                                               | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      1379 | NS      | $128453.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution For Saving                     | Hingham Institution For Savings                                               | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Long             | EC               | CORP              | US        |         8 | NS      | $2273.12      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BXHPP Trust                                        | BXHPP Trust                                                                   | CUSIP: 05609JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1537233.50   | 0.28%             | 2036-08-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| LGI Homes Inc                                      | LGI Homes, Inc.                                                               | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |       252 | NS      | $15601.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS                            | TransMontaigne Partners LLC                                                   | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $473335.20    | 0.09%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Regis Corp                                         | Regis Corp.                                                                   | CUSIP: 758932206<br>LEI: 5493000Q1S5TJIDIQH89 | Long             | EC               | CORP              | US        |        12 | NS      | $265.44       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistagen Therapeutics Inc                          | Vistagen Therapeutics, Inc.                                                   | CUSIP: 92840H400<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        38 | NS      | $126.92       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitek Systems Inc                                  | Mitek Systems, Inc.                                                           | CUSIP: 606710200<br>LEI: 549300ABZAQ3R25XG118 | Long             | EC               | CORP              | US        |       255 | NS      | $2593.35      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIFIC BELLS LLC                                  | Pacific Bells LLC                                                             | CUSIP: N/A<br>LEI: 549300VGOQXINYVBJF37       | Long             | LON              | CORP              | US        |   2840553 | PA      | $2844103.31   | 0.51%             | 2028-11-13      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                        | U.S. Treasury Bonds                                                           | CUSIP: 912803GA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12650000 | PA      | $3405266.28   | 0.61%             | 2051-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CURO OLDCO LLC                                     | CURO Group Holdings Corp.                                                     | CUSIP: N/A<br>LEI: 54930007KH8KCGJ4YE72       | Long             |  | CORP              | US        |       125 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BEACH ACQUISITION BIDCO LLC                        | Beach Acquisition Bidco, LLC                                                  | CUSIP: N/A<br>LEI: 254900F2FNX3GBTB6202       | Long             | DBT              | CORP              | US        |    450000 | PA      | $537913.36    | 0.10%             | 2032-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                                   | APi Group DE, Inc.                                                            | CUSIP: 00185PAA9<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245739.05    | 0.04%             | 2029-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TARA TOPCO LTD                                     | Ardonagh Midco 3 plc                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |    598500 | PA      | $597380.81    | 0.11%             | 2031-02-18      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| NFM & J LLC                                        | NFM & J LLC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1798976 | PA      | $1776148.57   | 0.32%             | 2027-11-30      | Variable      | 10.16%                | No            |                  3 | On Loan: No      |
| NIMLAS HOLDCO AB                                   | QuickTop HoldCo AB                                                            | CUSIP: N/A<br>LEI: 984500A1D5DC9ECC7050       | Long             | DBT              | CORP              | SE        |    800000 | PA      | $962857.99    | 0.17%             | 2030-03-31      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                        | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -2634375 | NC      | $-4834.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KALA BIO Inc                                       | KALA BIO, Inc.                                                                | CUSIP: 483119202<br>LEI: 529900Y7RO0C9P0TX474 | Long             | EC               | CORP              | US        |         6 | NS      | $67.32        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Olema Pharmaceuticals Inc                          | Olema Pharmaceuticals, Inc.                                                   | CUSIP: 68062P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       150 | NS      | $819.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus McKinnon Corp/NY                          | Columbus McKinnon Corp.                                                       | CUSIP: 199333105<br>LEI: 549300W3HQB0HO1F3G69 | Long             | EC               | CORP              | US        |       163 | NS      | $2441.74      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc                               | Align Technology, Inc.                                                        | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      1380 | NS      | $195904.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |   -972490 | PA      | $-972489.83   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| STS OPERATING INC                                  | STS Operating, Inc.                                                           | CUSIP: N/A<br>LEI: 549300HW5C2VGPZCHL57       | Long             | LON              | CORP              | US        |    225000 | PA      | $222961.50    | 0.04%             | 2031-03-25      | Variable      | 8.42%                 | No            |                  2 | On Loan: No      |
| Phreesia Inc                                       | Phreesia, Inc.                                                                | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |       584 | NS      | $18489.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                                      | Ford Motor Co.                                                                | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     15940 | NS      | $187613.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                        | Foreign Exchange EUR/USD                                                      | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |   2154000 | NC      | $7425.41      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AbbVie Inc                                         | AbbVie Inc                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |         2 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Regional Management Corp                           | Regional Management Corp.                                                     | CUSIP: 75902K106<br>LEI: 549300S5O87W87JW4146 | Long             | EC               | CORP              | US        |        44 | NS      | $1928.96      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CONGA CORP                                         | Apttus Corp.                                                                  | CUSIP: N/A<br>LEI: 254900VOVRKNFQ3GHG43       | Long             | LON              | CORP              | US        |   1362487 | PA      | $1362064.91   | 0.25%             | 2028-05-08      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| HF Foods Group Inc                                 | HF Foods Group, Inc.                                                          | CUSIP: 40417F109<br>LEI: 54930040ARMFXM6CL697 | Long             | EC               | CORP              | US        |       217 | NS      | $711.76       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lineage Cell Therapeutics Inc                      | Lineage Cell Therapeutics, Inc.                                               | CUSIP: 53566P109<br>LEI: 5299002BI4W22SDF8R25 | Long             | EC               | CORP              | US        |       747 | NS      | $873.99       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN ENTERTAINMENT INC                             | Penn Entertainment, Inc.                                                      | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3350000 | PA      | $3122160.47   | 0.56%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Brandywine Realty Trust                            | Brandywine Realty Trust                                                       | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |      1990 | NS      | $8477.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPSTONE ACQUISITION HOLDINGS INC                  | Capstone Acquisition Holdings, Inc.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2555280 | PA      | $2543375.89   | 0.46%             | 2029-11-12      | Variable      | 8.92%                 | No            |                  3 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                           | Lindblad Expeditions LLC                                                      | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    300000 | PA      | $307230.26    | 0.06%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | Neuberger Berman Loan Advisers CLO 47 Ltd.                                    | CUSIP: 64134TAA9<br>LEI: 549300JRWXK6DFJD7D06 | Long             | ABS-O            | CORP              | KY        |   1750000 | PA      | $1758325.98   | 0.32%             | 2035-04-14      | Floating      | 10.57%                | No            |                  2 | On Loan: No      |
| First Foundation Inc                               | First Foundation, Inc.                                                        | CUSIP: 32026V104<br>LEI: 254900TQZQ6LBCK77E82 | Long             | EC               | CORP              | US        |       284 | NS      | $1689.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Global Market Strategi                     | Carlyle US CLO Ltd.                                                           | CUSIP: 14317WAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $1000435.80   | 0.18%             | 2035-04-15      | Floating      | 10.92%                | No            |                  2 | On Loan: No      |
| Personalis Inc                                     | Personalis, Inc.                                                              | CUSIP: 71535D106<br>LEI: 549300EZ2NYFK7H0US48 | Long             | EC               | CORP              | US        |       214 | NS      | $1046.46      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AIRCRAFT LEASING SPV 2025 LP                  | FTAI Aircraft Leasing                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1244956 | NS      | $124.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Torrid Holdings Inc                                | Torrid Holdings, Inc.                                                         | CUSIP: 89142B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       103 | NS      | $224.54       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                                    | Bio-Techne Corp.                                                              | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |      5648 | NS      | $308550.24    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ribbon Communications Inc                          | Ribbon Communications, Inc.                                                   | CUSIP: 762544104<br>LEI: 549300L1E8Z8RL7CUL52 | Long             | EC               | CORP              | US        |       419 | NS      | $1709.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PetMed Express Inc                                 | PetMed Express, Inc.                                                          | CUSIP: 716382106<br>LEI: 529900PGHW5ASJ1AZL48 | Long             | EC               | CORP              | US        |       118 | NS      | $362.26       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JANE STREET GRP/JSG FIN                            | Jane Street Group / JSG Finance, Inc.                                         | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2820833.10   | 0.51%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PIMENTE INVESTISSEMENT SAS                         | Pimente Investissement S.A.S.                                                 | CUSIP: N/A<br>LEI: 2549003AFYE5VCF0HS03       | Long             | LON              | CORP              | FR        |   1350000 | PA      | $1587967.71   | 0.29%             | 2028-12-31      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                        | Foreign Exchange USD/JPY                                                      | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |   -254000 | NC      | $-209.30      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOLERA CORP                                        | Polaris Newco LLC                                                             | CUSIP: N/A<br>LEI: 254900LEPDAG7EDOA064       | Long             | LON              | CORP              | US        |    989717 | PA      | $1247346.01   | 0.22%             | 2028-06-02      | Variable      | 8.97%                 | No            |                  2 | On Loan: No      |
| American Well Corp                                 | American Well Corp.                                                           | CUSIP: 03044L204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       109 | NS      | $752.10       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| World Acceptance Corp                              | World Acceptance Corp.                                                        | CUSIP: 981419104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        24 | NS      | $4114.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INFRAGROUP BIDCO SARL                              | Infragroup                                                                    | CUSIP: N/A<br>LEI: 699400OA31YDOOASVM61       | Long             | LON              | CORP              | BE        |   1000000 | PA      | $1174809.87   | 0.21%             | 2030-09-27      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| NIKE Inc                                           | NIKE, Inc.                                                                    | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      2085 | NS      | $161316.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Generation Bio Co                                  | Generation Bio Co.                                                            | CUSIP: 37148K209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        52 | NS      | $312.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                              | Foundry JV Holdco LLC                                                         | CUSIP: 350930AJ2<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1419550.27   | 0.26%             | 2037-01-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| OBRA CAPITAL INC                                   | Obra Longevity                                                                | CUSIP: N/A<br>LEI: 2549001PDYPC4244EX25       | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5842485.00   | 1.05%             | 2039-06-30      | Fixed         | 8.48%                 | No            |                  3 | On Loan: No      |
| Illumina Inc                                       | Illumina, Inc.                                                                | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      1645 | NS      | $164434.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc                                 | Riot Platforms, Inc.                                                          | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |      1226 | NS      | $16869.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc                            | Live Oak Bancshares, Inc.                                                     | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       376 | NS      | $14547.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |  -1352518 | PA      | $-1352517.83  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| ASRT_C                                             | Assertio Holdings, Inc.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       971 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Neurogene, Inc.                                    | Neurogene, Inc.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |        41 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Allogene Therapeutics Inc                          | Allogene Therapeutics, Inc.                                                   | CUSIP: 019770106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       811 | NS      | $916.43       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                                        | SiTime Corp.                                                                  | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       188 | NS      | $45433.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc                                   | Under Armour, Inc.                                                            | CUSIP: 904311206<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |      9303 | NS      | $45770.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Civista Bancshares Inc                             | Civista Bancshares, Inc.                                                      | CUSIP: 178867107<br>LEI: 5493001LX61Z2UVYSC48 | Long             | EC               | CORP              | US        |        88 | NS      | $1864.72      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                             | Global Atlantic Finance Co.                                                   | CUSIP: 37959GAB3<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1580334.44   | 0.29%             | 2031-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Prelude Therapeutics Inc                           | Prelude Therapeutics, Inc.                                                    | CUSIP: 74065P101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        64 | NS      | $77.44        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CASTOR SPA                                         | Castor S.p.A.                                                                 | CUSIP: N/A<br>LEI: 213800OWLX4ZFFIAB390       | Long             | DBT              | CORP              | IT        |   1400000 | PA      | $1530343.52   | 0.28%             | 2029-02-15      | Variable      | 7.22%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                   | HealthEquity, Inc.                                                            | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72501.62     | 0.01%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | 9-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |   8780000 | NC      | $142091.13    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Rafael Holdings Inc                                | Rafael Holdings, Inc.                                                         | CUSIP: 75062E106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        67 | NS      | $98.49        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | CURRENCY CONTRACT - Rec USD / Deliver GBP                                     | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |  -8849000 | NC      | $47538.53     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                            | CARS-DB4, LP                                                                  | CUSIP: 12510HAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $970224.10    | 0.17%             | 2050-02-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| SQZ Biotechnologies Co                             | SQZ Biotechnologies Co.                                                       | CUSIP: 78472W104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       135 | NS      | $3.78         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LENZ Therapeutics Inc                              | LENZ Therapeutics, Inc.                                                       | CUSIP: 52635N103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        22 | NS      | $849.86       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KREF 2021-FL2 Ltd                                  | KREF Ltd.                                                                     | CUSIP: 48275RAC1<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-O            | CORP              | KY        |    950000 | PA      | $932162.33    | 0.17%             | 2039-02-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Asana Inc                                          | Asana, Inc.                                                                   | CUSIP: 04342Y104<br>LEI: 254900X7UAJNMLPLZ510 | Long             | EC               | CORP              | US        |       853 | NS      | $12453.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mind Medicine MindMed Inc                          | Mind Medicine MindMed, Inc.                                                   | CUSIP: 60255C885<br>LEI: 549300QY8KN1O6RPFJ13 | Long             | EC               | CORP              | US        |       125 | NS      | $1110.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vor BioPharma Inc                                  | Vor BioPharma, Inc.                                                           | CUSIP: 929033108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       113 | NS      | $222.61       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Finch Therapeutics Group Inc                       | Finch Therapeutics Group, Inc.                                                | CUSIP: 31773D200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $12.02        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc                            | Goosehead Insurance, Inc.                                                     | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |       211 | NS      | $17873.81     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fathom Holdings Inc                                | Fathom Holdings, Inc.                                                         | CUSIP: 31189V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        36 | NS      | $71.64        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lucid Diagnostics Inc                              | Lucid Diagnostics, Inc.                                                       | CUSIP: 54948X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        39 | NS      | $49.14        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Blink Charging Co                                  | Blink Charging Co.                                                            | CUSIP: 09354A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       428 | NS      | $505.04       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. Morgan Securities LLC                         | U.S. Secured Overnight Financing Rate                                         | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |  -6950000 | OU      | $-208795.24   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                           | MB2 Dental Solutions LLC                                                      | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |     36400 | PA      | $32857.36     | 0.01%             | 2031-02-13      | Variable      | 9.82%                 | No            |                  3 | On Loan: No      |
| Ampio Pharmaceuticals Inc                          | Ampio Pharmaceuticals, Inc.                                                   | CUSIP: 03209T307<br>LEI: 529900DG3YQA5XIHV057 | Long             | EC               | CORP              | US        |         4 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NFM & J LLC                                        | The Facilities Group                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1828715 | PA      | $1805509.90   | 0.33%             | 2027-11-30      | Variable      | 10.06%                | No            |                  3 | On Loan: No      |
| Valley National Bancorp                            | Valley National Bancorp                                                       | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |      4679 | NS      | $48942.34     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT SEC CORP                                       | ADT Security Corp.                                                            | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3175452.39   | 0.57%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Advance Auto Parts Inc                             | Advance Auto Parts, Inc.                                                      | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |      1253 | NS      | $76420.47     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COGENT COMMS GRP / FIN                             | Cogent Communications Group LLC / Cogent Finance, Inc.                        | CUSIP: 19240WAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $846180.95    | 0.15%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Nurix Therapeutics Inc                             | Nurix Therapeutics, Inc.                                                      | CUSIP: 67080M103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       373 | NS      | $3483.82      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical Inc                               | Orthofix Medical, Inc.                                                        | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        78 | NS      | $1168.44      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | CURRENCY CONTRACT - Rec EUR / Deliver USD                                     | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |     85000 | NC      | $545.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                  | NatWest Group plc                                                             | CUSIP: 639057AG3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1250000 | PA      | $1256672.71   | 0.23%             | 2026-11-10      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| CORVIAS MILITARY LIVING LLC                        | Homestead Spe Issuer LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1520130.00   | 0.27%             | 2055-04-01      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| EchoStar Corp                                      | EchoStar Corp.                                                                | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |      2985 | NS      | $184443.15    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBION FINANCING 1SARL /                           | Albion Financing 1 SARL / Aggreko Holdings, Inc.                              | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    450000 | PA      | $464356.35    | 0.08%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -6745191 | PA      | $-6745191.04  | -1.22%            |  |  |  | No            |                  2 | On Loan: No      |
| RBB Bancorp                                        | RBB Bancorp                                                                   | CUSIP: 74930B105<br>LEI: 549300A23FBFZNGET525 | Long             | EC               | CORP              | US        |        83 | NS      | $1679.09      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx Inc                                         | CareDx, Inc.                                                                  | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |       593 | NS      | $8100.38      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oportun Financial Corp                             | Oportun Financial Corp.                                                       | CUSIP: 68376D104<br>LEI: 549300351Y4J4FKIOR78 | Long             | EC               | CORP              | US        |       124 | NS      | $819.64       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TOWD POINT REVOLVING TRUST TPRT_24-A               | Top Pressure Recovery Turbines                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |    647238 | PA      | $647237.88    | 0.12%             | 2069-11-01      | Fixed         | 7.51%                 | No            |                  2 | On Loan: No      |
| AvidXchange Holdings Inc                           | AvidXchange Holdings, Inc.                                                    | CUSIP: 05368X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       147 | NS      | $1461.18      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Therapeutics Inc                           | Applied Therapeutics, Inc.                                                    | CUSIP: 03828A101<br>LEI: 549300KL3IJPHZM2GR04 | Long             | EC               | CORP              | US        |       105 | NS      | $51.73        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                                 | IPG Photonics Corp.                                                           | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |      4423 | NS      | $361889.86    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| 1-800-Flowers.com Inc                              | 1-800-Flowers.com, Inc.                                                       | CUSIP: 68243Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       317 | NS      | $1775.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MEI Pharma Inc                                     | MEI Pharma, Inc.                                                              | CUSIP: 55279B301<br>LEI: 529900A43X33ON524197 | Long             | EC               | CORP              | US        |        33 | NS      | $160.38       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alector Inc                                        | Alector, Inc.                                                                 | CUSIP: 014442107<br>LEI: 549300Z8RQOIY1JMHC25 | Long             | EC               | CORP              | US        |       695 | NS      | $1633.25      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lovesac Co/The                                     | Lovesac Co.                                                                   | CUSIP: 54738L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        76 | NS      | $1453.88      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                                  | Iron Mountain, Inc.                                                           | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   2940000 | PA      | $2909254.36   | 0.52%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                        | 12-Month/2-Year Interest Rate Swap                                            | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        | -10749147 | NC      | $-30950.99    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Tvardi Therapeutics Inc                            | Tvardi Therapeutics, Inc.                                                     | CUSIP: 140755307<br>LEI: 549300COVOY41P0GZ881 | Long             | EC               | CORP              | US        |         7 | NS      | $209.44       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DARLING INGREDIENTS INC                            | Darling Ingredients, Inc.                                                     | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151626.45    | 0.03%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                         | PacifiCorp                                                                    | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1504608.12   | 0.27%             | 2055-09-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Tenaya Therapeutics Inc                            | Tenaya Therapeutics, Inc.                                                     | CUSIP: 87990A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       153 | NS      | $172.89       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR CANADA                                         | Air Canada                                                                    | CUSIP: 008911BJ7<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |   2750000 | PA      | $1982956.41   | 0.36%             | 2029-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                       | AGL CLO 17 Ltd.                                                               | CUSIP: 00120EAE4<br>LEI: 254900ISUA07JPVCOS18 | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $482500.35    | 0.09%             | 2035-01-21      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                              | Foreign Exchange EUR/USD                                                      | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   4110000 | NC      | $103.92       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                           | Eagle Funding Luxco Sarl                                                      | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |    700000 | PA      | $709870.00    | 0.13%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Invesco Mortgage Capital Inc                       | Invesco Mortgage Capital, Inc.                                                | CUSIP: 46131B704<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EC               | CORP              | US        |       182 | NS      | $1423.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SWISS RE FINANCE LUX                               | Swiss Re Finance Luxembourg S.A.                                              | CUSIP: 87089NAA8<br>LEI: 549300CLQZ6TM98LW631 | Long             | DBT              | CORP              | LU        |    600000 | PA      | $601878.69    | 0.11%             | 2049-04-02      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RECESS HOLDINGS INC                                | Recess Holdings, Inc.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1580060 | PA      | $1586980.66   | 0.29%             | 2030-02-20      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| ARES FINANCE CO IV LLC                             | Ares Finance Company IV LLC                                                   | CUSIP: 039936AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1137985.93   | 0.21%             | 2052-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Bandwidth Inc                                      | Bandwidth, Inc.                                                               | CUSIP: 05988J103<br>LEI: 549300QC70JB7MUGXM66 | Long             | EC               | CORP              | US        |       275 | NS      | $4125.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America, N.A.                              | 12-Month/2-Year Interest Rate Swap                                            | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DIR              |  | US        | -11770853 | NC      | $-33892.88    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US                      | GoldenTree Loan Management US CLO 24 Ltd.                                     | CUSIP: 38139WAA1<br>LEI: 254900PS1VHPJR2OTF82 | Long             | ABS-O            | CORP              | KY        |    600000 | PA      | $598976.58    | 0.11%             | 2038-10-20      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| T Rowe Price Group Inc                             | T. Rowe Price Group, Inc.                                                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      3987 | NS      | $429080.94    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vuzix Corp                                         | Vuzix Corp.                                                                   | CUSIP: 92921W300<br>LEI: 549300EWPW64TZQXJG66 | Long             | EC               | CORP              | US        |       349 | NS      | $739.88       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -2689671 | PA      | $-2689671.35  | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| Green Dot Corp                                     | Green Dot Corp.                                                               | CUSIP: 39304D102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       313 | NS      | $4356.96      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VB-S1 Issuer LLC                                   | VB-S1 Issuer LLC - VBTEL                                                      | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4752808.00   | 0.86%             | 2052-02-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Community Health Systems Inc                       | Community Health Systems, Inc.                                                | CUSIP: 203668108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1457 | NS      | $4021.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co                                 | Middlesex Water Co.                                                           | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       101 | NS      | $5407.54      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | CDX.NA.HY.43.V1 (25-35%)                                                      | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DCR              |  | US        |  -1935000 | OU      | $-303570.08   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Ball Corp                                          | Ball Corp.                                                                    | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |      2988 | NS      | $157288.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -929567 | PA      | $-929566.60   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| DOGWOOD TERM LOANS                                 | Dogwood State Bank                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2766115.00   | 0.50%             | 2032-06-24      | Fixed         | 6.45%                 | No            |                  3 | On Loan: No      |
| BLUE RIBBON LLC (USA)                              | Blue Ribbon LLC                                                               | CUSIP: N/A<br>LEI: 549300NQM7J4KC44D416       | Long             | LON              | CORP              | US        |   3291139 | PA      | $2336708.86   | 0.42%             | 2028-05-08      | Variable      | 10.55%                | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.    | S&P 500 Index                                                                 | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -7 | NC      | $-26075.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Comtech Telecommunications Cor                     | Comtech Telecommunications Corp.                                              | CUSIP: 205826209<br>LEI: 529900FTEZ8MGM0Y8F73 | Long             | EC               | CORP              | US        |       152 | NS      | $296.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| eXp World Holdings Inc                             | eXp World Holdings, Inc.                                                      | CUSIP: 30212W100<br>LEI: 549300TWVVZC283VEC32 | Long             | EC               | CORP              | US        |       736 | NS      | $7970.88      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE HOTELS & RESORTS GMBH                          | ONE Hotels GmbH                                                               | CUSIP: N/A<br>LEI: 529900OZ5000U0NZHM90       | Long             | DBT              | CORP              | DE        |    250000 | PA      | $316694.13    | 0.06%             | 2031-04-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ARTISAN NEWCO BV                                   | Artisan Newco B.V.                                                            | CUSIP: N/A<br>LEI: 7245009YIYR683H17R35       | Long             | LON              | CORP              | NL        |    989866 | PA      | $1162974.28   | 0.21%             | 2032-04-01      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| ORION ADVISOR SOLUTIONS INC                        | Orion Advisor Solutions, Inc.                                                 | CUSIP: N/A<br>LEI: 549300R3BS3HTGTSN386       | Long             | LON              | CORP              | US        |    992500 | PA      | $995070.58    | 0.18%             | 2030-09-09      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| MGTA_C                                             | Magnenta Therapeutics, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       178 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| EW Scripps Co/The                                  | EW Scripps Co.                                                                | CUSIP: 811054402<br>LEI: 549300U1OW41QPKYW028 | Long             | EC               | CORP              | US        |       335 | NS      | $1001.65      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CuriosityStream Inc                                | CuriosityStream, Inc.                                                         | CUSIP: 23130Q107<br>LEI: 549300MSP5P41EYSIZ09 | Long             | EC               | CORP              | US        |       155 | NS      | $709.90       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nikola Corp                                        | Nikola Corp.                                                                  | CUSIP: 654110303<br>LEI: 6354007SKFUCHYZAKQ61 | Long             | EC               | CORP              | US        |        89 | NS      | $2.67         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enanta Pharmaceuticals Inc                         | Enanta Pharmaceuticals, Inc.                                                  | CUSIP: 29251M106<br>LEI: 529900SSN4DODDQSN594 | Long             | EC               | CORP              | US        |       230 | NS      | $1932.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG RE Finance Trust Inc                           | TPG RE Finance Trust, Inc.                                                    | CUSIP: 87266M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       358 | NS      | $3347.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Corsair Gaming Inc                                 | Corsair Gaming, Inc.                                                          | CUSIP: 22041X102<br>LEI: 549300Y7YT18L8G0H525 | Long             | EC               | CORP              | US        |       163 | NS      | $1455.59      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd                                  | Helen of Troy Ltd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       281 | NS      | $6898.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America, N.A.                              | Foreign Exchange USD/JPY                                                      | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |    244000 | NC      | $4518.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONVERGINT TECHNOLOGIES GROUP HOLDINGS INC         | Convergint                                                                    | CUSIP: N/A<br>LEI: 549300AE79DEGS4AGL59       | Long             | LON              | CORP              | US        |   1081807 | PA      | $1084512.01   | 0.20%             | 2032-07-12      | Variable      | 8.10%                 | No            |                  2 | On Loan: No      |
| EISNER ADVISORY GROUP                              | Eisner Advisory Group                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2708939 | PA      | $2724190.13   | 0.49%             | 2031-02-28      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| PELICAN TOPCO LLC                                  | Pregis TopCo LLC                                                              | CUSIP: N/A<br>LEI: 549300LJXHJYHS1GM034       | Long             | LON              | CORP              | US        |   1181414 | PA      | $1191160.73   | 0.21%             | 2029-02-28      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Under Armour Inc                                   | Under Armour, Inc.                                                            | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |      8161 | NS      | $40805.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL LNG INC                             | Venture Global LNG, Inc.                                                      | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2776641.45   | 0.50%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                           | Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.                    | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $93446.86     | 0.02%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING COMPANY LLC                      | HAH Group Holding Co. LLC                                                     | CUSIP: N/A<br>LEI: 254900FFJQHW9R90FL74       | Long             | LON              | CORP              | US        |   1742174 | PA      | $1557799.60   | 0.28%             | 2031-09-24      | Variable      | 9.32%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.    | S&P 500 Index                                                                 | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -7 | NC      | $-49070.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc                             | Franklin Resources, Inc.                                                      | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |      9379 | NS      | $240665.14    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                           | Prudential Financial, Inc.                                                    | CUSIP: 744320BJ0<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1518885.77   | 0.27%             | 2052-03-01      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| OUTCOMES GROUP HOLDINGS INC                        | Outcomes Group Holdings, Inc.                                                 | CUSIP: N/A<br>LEI: 5493005V7ZG5K84MO728       | Long             | LON              | CORP              | US        |    693013 | PA      | $696353.44    | 0.13%             | 2031-05-06      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Workhorse Group Inc                                | Workhorse Group, Inc.                                                         | CUSIP: 98138J404<br>LEI: 5493006JUAG258V8X854 | Long             | EC               | CORP              | US        |         4 | NS      | $5.28         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Audacy Inc                                         | Audacy, Inc.                                                                  | CUSIP: 05070N202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        23 | NS      | $3.62         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Mesa Laboratories Inc                              | Mesa Laboratories, Inc.                                                       | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |        29 | NS      | $1964.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hookipa Pharma Inc                                 | Hookipa Pharma, Inc.                                                          | CUSIP: 43906K209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        11 | NS      | $10.01        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EVI Industries Inc                                 | EVI Industries, Inc.                                                          | CUSIP: 26929N102<br>LEI: 549300RU296J63VW0297 | Long             | EC               | CORP              | US        |        27 | NS      | $748.98       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                            | Global Partners Limited Partnership / GLP Finance Corp.                       | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $153524.55    | 0.03%             | 2033-07-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| First Republic Bank/CA                             | First Republic Bank                                                           | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |      1594 | NS      | $3.19         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DYE & DURHAM LIMITED                               | Dye & Durham Ltd.                                                             | CUSIP: 267486AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    880000 | PA      | $919720.56    | 0.17%             | 2029-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Advantage Solutions Inc                            | Advantage Solutions, Inc.                                                     | CUSIP: 00791N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       455 | NS      | $828.10       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                                     | LCI Industries                                                                | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |       289 | NS      | $30466.38     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE HOTELS & RESORTS GMBH                          | One Hotels GmbH                                                               | CUSIP: N/A<br>LEI: 529900OZ5000U0NZHM90       | Long             | LON              | CORP              | DE        |   1000000 | PA      | $1178354.98   | 0.21%             | 2032-06-04      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| Generac Holdings Inc                               | Generac Holdings, Inc.                                                        | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      2048 | NS      | $379392.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rackspace Technology Inc                           | Rackspace Technology, Inc.                                                    | CUSIP: 750102105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       324 | NS      | $408.24       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brand House Collective Inc/The                     | Brand House Collective, Inc.                                                  | CUSIP: 497498105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        74 | NS      | $111.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                        | Goldman Sachs Swaption Forward Volatility Index                               | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DIR              |  | US        |     20468 | NC      | $-42369.60    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | 1-Year/2-Year Interest Rate Swap                                              | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -3688125 | NC      | $-14112.39    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc.                      | Alimentation Couche-Tard Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     23999 | NS      | $275388.53    | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| BNP Paribas                                        | 9-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |   8780000 | NC      | $142091.13    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas                                        | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -2634375 | NC      | $-5936.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US                      | GoldenTree Loan Management US CLO 1 Ltd.                                      | CUSIP: 38138JAW3<br>LEI: 549300CQMHYJ3DLMP206 | Long             | ABS-O            | CORP              | KY        |   1150000 | PA      | $1156915.07   | 0.21%             | 2037-04-20      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg                     | Saluda Grade Alternative Mortgage Trust                                       | CUSIP: 79581UAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    315924 | PA      | $326601.51    | 0.06%             | 2053-11-25      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| CARTER INTERMEDIATE INC                            | Aegion Corp.                                                                  | CUSIP: N/A<br>LEI: 549300AG3DVJURRIT691       | Long             | LON              | CORP              | US        |   1201013 | PA      | $1201769.36   | 0.22%             | 2028-05-17      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                           | JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL               | CUSIP: 46590XAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1333621.10   | 0.24%             | 2052-02-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MODENA BUYER LLC                                   | Modena Buyer LLC                                                              | CUSIP: N/A<br>LEI: 254900B0G2IU0VBDOY26       | Long             | LON              | CORP              | US        |   1389500 | PA      | $1365683.97   | 0.25%             | 2031-07-01      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| Bio-Rad Laboratories Inc                           | Bio-Rad Laboratories, Inc.                                                    | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |       482 | NS      | $143578.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Syros Pharmaceuticals Inc                          | Syros Pharmaceuticals, Inc.                                                   | CUSIP: 87184Q206<br>LEI: 549300512PURS7IGVT96 | Long             | EC               | CORP              | US        |        34 | NS      | $0.07         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enviri Corp                                        | Enviri Corp.                                                                  | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | EC               | CORP              | US        |       459 | NS      | $5186.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PERRIGO COMPANY PLC                                | Perrigo Finance Unlimited Co.                                                 | CUSIP: N/A<br>LEI: 549300E86RB6YCTMRM83       | Long             | DBT              | CORP              | IE        |    250000 | PA      | $302324.46    | 0.05%             | 2032-09-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| KKR GROUP FIN CO X LLC                             | KKR Group Finance Company X LLC                                               | CUSIP: 48255BAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1039372.78   | 0.19%             | 2051-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Greenwich Lifesciences Inc                         | Greenwich Lifesciences, Inc.                                                  | CUSIP: 396879108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        24 | NS      | $275.52       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                            | Zayo Group Holdings, Inc.                                                     | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3143899.53   | 0.57%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                           | Jones Deslauriers Insurance Management, Inc.                                  | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $530309.50    | 0.10%             | 2030-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| STUDENT TRANSPORTATION OF AMERICA HOLDINGS INC     | Student Transportation Of America Holdings, Inc.                              | CUSIP: N/A<br>LEI: 549300O4G48RRYGSD439       | Long             | LON              | CORP              | US        |     93333 | PA      | $93625.46     | 0.02%             | 2032-06-24      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                       | US Foods, Inc.                                                                | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4144825.68   | 0.75%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Insight Molecular Diagnostics                      | Insight Molecular Diagnostics, Inc.                                           | CUSIP: 68235C206<br>LEI: 549300BIYAW8GO410287 | Long             | EC               | CORP              | US        |        17 | NS      | $42.84        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INGENOVIS HEALTH INC                               | CCRR Parent, Inc.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1807921 | PA      | $542376.24    | 0.10%             | 2028-03-06      | Variable      | 8.71%                 | No            |                  2 | On Loan: No      |
| Dianthus Therapeutics Inc                          | Dianthus Therapeutics, Inc.                                                   | CUSIP: 252828108<br>LEI: 549300Z3N6ODPCOFC890 | Long             | EC               | CORP              | US        |        11 | NS      | $259.27       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CLAUDIUS LUXCO SARL                                | Cegid Group                                                                   | CUSIP: N/A<br>LEI: 2221001BVBGKKRMMGO11       | Long             | LON              | CORP              | LU        |   1450000 | PA      | $1694177.49   | 0.31%             | 2028-07-10      | Variable      | 4.78%                 | No            |                  2 | On Loan: No      |
| LiveRamp Holdings Inc                              | LiveRamp Holdings, Inc.                                                       | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |       775 | NS      | $21638.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Entertainment Holdings Inc                     | AMC Entertainment Holdings, Inc.                                              | CUSIP: 00165C302<br>LEI: 549300ZO77UNR6NRBR11 | Long             | EC               | CORP              | US        |      1286 | NS      | $3613.66      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TherapeuticsMD Inc                                 | TherapeuticsMD, Inc.                                                          | CUSIP: 88338N206<br>LEI: 5299004JS7RE49QHRW30 | Long             | EC               | CORP              | US        |        46 | NS      | $51.06        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Therapeutics Inc                           | Century Therapeutics, Inc.                                                    | CUSIP: 15673T100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        96 | NS      | $47.20        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kopin Corp                                         | Kopin Corp.                                                                   | CUSIP: 500600101<br>LEI: 52990031GUBB61RXCD89 | Long             | EC               | CORP              | US        |       462 | NS      | $970.20       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR ENERGY INC                                     | CVR Energy, Inc.                                                              | CUSIP: 12662PAD0<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3215717.01   | 0.58%             | 2028-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup, Inc.                                                               | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    600000 | NS      | $610505.40    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                             | Bank of New York Mellon Corp.                                                 | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |   5000000 | NS      | $4846693.00   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| JACKSON FINANCIAL INC                              | Jackson Financial, Inc.                                                       | CUSIP: 46817M206<br>LEI: 213800WXW2KG1N4CO374 | Long             | EP               | CORP              | US        |     26000 | NS      | $678600.00    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO                              | VFH Parent LLC / Valor Company-Issuer, Inc.                                   | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $629800.80    | 0.11%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LivePerson Inc                                     | LivePerson, Inc.                                                              | CUSIP: 538146101<br>LEI: 549300IN2P1JZ20G7N40 | Long             | EC               | CORP              | US        |       775 | NS      | $722.30       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                         | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        | -14267481 | PA      | $-14267480.98 | -2.57%            |  |  |  | No            |                  2 | On Loan: No      |
| Telesat Corp                                       | Telesat Corp.                                                                 | CUSIP: 879512309<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        41 | NS      | $849.93       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                           | BX Trust                                                                      | CUSIP: 05612TAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1650000 | PA      | $1645875.00   | 0.30%             | 2029-07-15      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| National Energy Services Reuni                     | National Energy Services Reunited Corp.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       226 | NS      | $2115.36      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                                | PayPal Holdings, Inc.                                                         | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      5816 | NS      | $408225.04    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTICE FRANCE SA                                   | Altice France S.A.                                                            | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $1710000.00   | 0.31%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OBSIDIAN ISSUER 2025-1 LLC                         | Obsidian Issuer LLC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1400000.00   | 0.25%             | 2055-05-15      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| Standard BioTools Inc                              | Standard BioTools, Inc.                                                       | CUSIP: 34385P108<br>LEI: 549300GX8Y96GSB6YP89 | Long             | EC               | CORP              | US        |       454 | NS      | $572.04       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| 3D Systems Corp                                    | 3D Systems Corp.                                                              | CUSIP: 88554D205<br>LEI: 5493003HHDOCCW4OP744 | Long             | EC               | CORP              | US        |      1453 | NS      | $3341.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOXER PARENT COMPANY INC                           | Boxer Parent Co., Inc.                                                        | CUSIP: N/A<br>LEI: 5493006T045HLTF7YX04       | Long             | LON              | CORP              | US        |   1346625 | PA      | $1344160.68   | 0.24%             | 2031-07-30      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| Sportsman's Warehouse Holdings                     | Sportsman's Warehouse Holdings, Inc.                                          | CUSIP: 84920Y106<br>LEI: 549300JVV8YLQSRSF462 | Long             | EC               | CORP              | US        |       259 | NS      | $694.12       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                             | Foreign Exchange USD/JPY                                                      | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |   2774000 | NC      | $17322.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tilly's Inc                                        | Tilly's, Inc.                                                                 | CUSIP: 886885102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       135 | NS      | $265.95       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                        | 1-Year/2-Year Interest Rate Swap                                              | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -4215000 | NC      | $-17278.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GRAFTECH INTERNATIONAL LTD.                        | GrafTech Finance, Inc.                                                        | CUSIP: N/A<br>LEI: 1Z010BU876CF2HDBIN43       | Long             | LON              | CORP              | US        |   1011373 | PA      | $1024652.77   | 0.18%             | 2029-12-21      | Variable      | 10.32%                | No            |                  2 | On Loan: No      |
| BNP Paribas                                        | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -2634375 | NC      | $-13478.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Aligos Therapeutics Inc                            | Aligos Therapeutics, Inc.                                                     | CUSIP: 01626L204<br>LEI: 549300UU2UJIKJYX0S67 | Long             | EC               | CORP              | US        |         5 | NS      | $52.75        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -498045 | PA      | $-498045.35   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA Inc                                | Dentsply Sirona, Inc.                                                         | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |      5242 | NS      | $74960.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Barnes & Noble Education Inc                       | Barnes & Noble Education, Inc.                                                | CUSIP: 06777U200<br>LEI: 549300JQGDS5THBPED41 | Long             | EC               | CORP              | US        |         2 | NS      | $17.26        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services C                     | Stewart Information Services Corp.                                            | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |       313 | NS      | $22798.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvergate Capital Corp                            | Silvergate Capital Corp.                                                      | CUSIP: 82837P408<br>LEI: BPE6FTXDZEBNAGIT2T19 | Long             | EC               | CORP              | US        |       327 | NS      | $127.53       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VMED O2 UK FINANCING I                             | Vmed O2 UK Financing I plc                                                    | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   3250000 | PA      | $2999871.88   | 0.54%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                 | Sunrise FinCo I B.V.                                                          | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    750000 | PA      | $716595.00    | 0.13%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Replimune Group Inc                                | Replimune Group, Inc.                                                         | CUSIP: 76029N106<br>LEI: 549300AY704NEIRC4K64 | Long             | EC               | CORP              | US        |       177 | NS      | $955.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -1869572 | PA      | $-1869571.88  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER                            | Reinsurance Group of America, Inc.                                            | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    265000 | PA      | $269931.65    | 0.05%             | 2055-09-15      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc                                         | Zoetis, Inc.                                                                  | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      1380 | NS      | $215832.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Deluxe Corp                                        | Deluxe Corp.                                                                  | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |       503 | NS      | $9888.98      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW BOOST HOLDCO LLC                               | Worldpay US, Inc.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    250000 | PA      | $364066.68    | 0.07%             | 2031-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Lincoln National Corp                              | Lincoln National Corp.                                                        | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |      8597 | NS      | $369069.21    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEFS WAREHOUSE INC                                | Chefs' Warehouse, Inc.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    968875 | PA      | $972508.28    | 0.18%             | 2029-08-23      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| VirnetX Holding Corp                               | VirnetX Holding Corp.                                                         | CUSIP: 92823T207<br>LEI: 529900GEQQ3ACACKKD25 | Long             | EC               | CORP              | US        |        18 | NS      | $246.42       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGGINBOTHAM INSURANCE AGENCY INC                  | Higginbotham Insurance Agency, Inc.                                           | CUSIP: N/A<br>LEI: 549300IY2QEM8MQC2K06       | Short            | LON              | CORP              | US        |   -127579 | PA      | $-784.29      | -0.00%            | 2028-11-24      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| TTEC Holdings Inc                                  | TTEC Holdings, Inc.                                                           | CUSIP: 89854H102<br>LEI: GTJS1N8S8I28A7L4WG97 | Long             | EC               | CORP              | US        |       108 | NS      | $409.32       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGOS HOLDINGS INC                                 | PetSmart LLC                                                                  | CUSIP: N/A<br>LEI: 894500NGJMHSFNESGA67       | Long             | LON              | CORP              | US        |   1600000 | PA      | $1583008.00   | 0.29%             | 2032-08-09      | Variable      | 8.36%                 | No            |                  2 | On Loan: No      |
| HOWDEN GROUP HOLDINGS LTD                          | Howden Group Holdings Ltd.                                                    | CUSIP: N/A<br>LEI: 213800OOZO37Y7YL2O58       | Long             | LON              | CORP              | GB        |   1250000 | PA      | $1467824.97   | 0.26%             | 2031-02-15      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Start Ltd.                                         | Start II Ltd.                                                                 | CUSIP: 85573LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |    554683 | PA      | $551188.81    | 0.10%             | 2044-03-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| MICHAEL BAKER INTERNATIONAL LLC                    | Michael Baker International LLC                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1386035 | PA      | $1390650.50   | 0.25%             | 2028-12-01      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| LivaNova PLC                                       | LivaNova plc                                                                  | CUSIP: N/A<br>LEI: 2138001K2FX6SHK2B339       | Long             | EC               | CORP              | US        |       625 | NS      | $35231.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                             | Foreign Exchange USD/JPY                                                      | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |  -2774000 | NC      | $-2285.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CENGAGE LEARNING HOLDINGS II INC                   | Cengage Learning, Inc.                                                        | CUSIP: N/A<br>LEI: 549300BYGM0FWUSVXJ88       | Long             | LON              | CORP              | US        |    544514 | PA      | $545101.82    | 0.10%             | 2031-03-24      | Variable      | 7.76%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |  -2563769 | PA      | $-2563769.08  | -0.46%            |  |  |  | No            |                  2 | On Loan: No      |
| ALX Oncology Holdings Inc                          | ALX Oncology Holdings, Inc.                                                   | CUSIP: 00166B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       105 | NS      | $122.85       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bed Bath & Beyond Inc                              | Bed Bath & Beyond, Inc.                                                       | CUSIP: 690370101<br>LEI: 549300ACR0DL9U7EI710 | Long             | EC               | CORP              | US        |       504 | NS      | $4541.04      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.    | S&P 500 Index                                                                 | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -7 | NC      | $-36050.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Forte Biosciences Inc                              | Forte Biosciences, Inc.                                                       | CUSIP: 34962G208<br>LEI: 529900Z84WFDHPS3JP76 | Long             | EC               | CORP              | US        |         2 | NS      | $22.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -8654796 | PA      | $-8654795.51  | -1.56%            |  |  |  | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                           | 1011778 BC ULC / New Red Finance, Inc.                                        | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   4500000 | PA      | $4207583.70   | 0.76%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Spyre Therapeutics Inc                             | Spyre Therapeutics, Inc.                                                      | CUSIP: 00773J202<br>LEI: 52990017AIJPRH3HQH40 | Long             | EC               | CORP              | US        |         9 | NS      | $148.41       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AASET 2021-2 Trust                                 | AASET Trust                                                                   | CUSIP: 00258BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    468908 | PA      | $443718.87    | 0.08%             | 2047-01-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| Traeger Inc                                        | Traeger, Inc.                                                                 | CUSIP: 89269P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       177 | NS      | $223.02       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                        | 1-Year/2-Year Interest Rate Swap                                              | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -3688125 | NC      | $-14112.39    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Pacific Biosciences of Califor                     | Pacific Biosciences of California, Inc.                                       | CUSIP: 69404D108<br>LEI: 529900F1BWRE1M0KZN89 | Long             | EC               | CORP              | US        |      2271 | NS      | $2975.01      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Luxfer Holdings PLC                                | Luxfer Holdings plc                                                           | CUSIP: N/A<br>LEI: 21380045UF5SJYZOXE41       | Long             | EC               | CORP              | US        |       164 | NS      | $2200.88      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Scilex Holding Co                                  | Scilex Holding Co.                                                            | CUSIP: 80880W205<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        14 | NS      | $248.64       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aterian Inc                                        | Aterian, Inc.                                                                 | CUSIP: 02156U200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        12 | NS      | $11.60        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HERC HOLDINGS INC                                  | Herc Holdings, Inc.                                                           | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    170000 | PA      | $178327.62    | 0.03%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Military Housing B                     | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates        | CUSIP: 35563CAK4<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |  11748483 | PA      | $670171.09    | 0.12%             | 2052-10-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| Zumiez Inc                                         | Zumiez, Inc.                                                                  | CUSIP: 989817101<br>LEI: 549300J0PDF58P6HZD25 | Long             | EC               | CORP              | US        |       114 | NS      | $1959.66      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ConnectOne Bancorp Inc                             | ConnectOne Bancorp, Inc.                                                      | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |       218 | NS      | $5580.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ANCHOR HOLDINGS SCA                                | TVL Finance plc                                                               | CUSIP: N/A<br>LEI: 549300DUQXE7VXG8YA50       | Long             | DBT              | CORP              | JE        |    850000 | PA      | $967904.74    | 0.17%             | 2030-06-30      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| ATLANTIC AVIATION HOLDINGS CORP                    | Atlantic Aviation                                                             | CUSIP: N/A<br>LEI: 2549001SCJD3WEYJFM53       | Long             | LON              | CORP              | US        |    780155 | PA      | $780006.39    | 0.14%             | 2031-09-23      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| PMV Pharmaceuticals Inc                            | PMV Pharmaceuticals, Inc.                                                     | CUSIP: 69353Y103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       156 | NS      | $218.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DISPATCH TERRA ACQUISITION LLC                     | Dispatch Terra Acquisition LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1169580 | PA      | $1140095.31   | 0.21%             | 2028-03-27      | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| COBHAM GROUP HOLDINGS LTD                          | Cobham Ultra SeniorCo SARL                                                    | CUSIP: N/A<br>LEI: 254900L6IKLPZKIC4F32       | Long             | LON              | CORP              | LU        |   1439152 | PA      | $1440433.01   | 0.26%             | 2029-08-03      | Variable      | 8.37%                 | No            |                  2 | On Loan: No      |
| MarineMax Inc                                      | MarineMax, Inc.                                                               | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |       123 | NS      | $3241.05      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerence Inc                                        | Cerence, Inc.                                                                 | CUSIP: 156727109<br>LEI: 5493002WL2W5WMS89568 | Long             | EC               | CORP              | US        |       454 | NS      | $4780.62      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BP CAPITAL MARKETS PLC                             | BP Capital Markets plc                                                        | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | US        |    451000 | PA      | $447072.04    | 0.08%             | N/A             | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Assertio Holdings Inc                              | Assertio Holdings, Inc.                                                       | CUSIP: 04546C205<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       173 | NS      | $144.47       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd                          | Liberty Latin America Ltd.                                                    | CUSIP: N/A<br>LEI: 213800YWQHEAX7CAVO83       | Long             | EC               | CORP              | US        |       906 | NS      | $7465.44      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Bio Inc                                 | Tourmaline Bio, Inc.                                                          | CUSIP: 89157D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        12 | NS      | $280.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| POWERGRID VEGETATION SERVICES LLC                  | Powergrid Services LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -470000 | PA      | $-32900.00    | -0.01%            | 2030-03-31      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| Etsy Inc                                           | Etsy, Inc.                                                                    | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |      4899 | NS      | $259695.99    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PERSHING SQUARE TONTINE HOLDINGS LTD               | Pershing Square Tontine Holdings, Ltd. - Class A                              | CUSIP: N/A<br>LEI: 549300ZDVEYEVCF35B08       | Long             | EC               | CORP              | US        |    329700 | NS      | $32.97        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TSG SOLUTIONS HOLDING SA                           | TSG Solutions Holding                                                         | CUSIP: N/A<br>LEI: 969500LKBUJJXR2GYZ38       | Long             | LON              | CORP              | FR        |   1000000 | PA      | $1175851.18   | 0.21%             | 2032-05-04      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| Kymera Therapeutics Inc                            | Kymera Therapeutics, Inc.                                                     | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       403 | NS      | $16603.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX Trust                                                                     | CUSIP: 67117YAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    351178 | PA      | $349874.72    | 0.06%             | 2062-09-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                | Datix Bidco Ltd.                                                              | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Short            | LON              | CORP              | US        |   -297500 | PA      | $-30804.21    | -0.01%            | 2030-10-25      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| FINASTRA SUBCO LTD                                 | Finastra                                                                      | CUSIP: N/A<br>LEI: 549300ZB2RO6QC7YTK71       | Long             | LON              | CORP              | US        |   1185000 | PA      | $1173150.00   | 0.21%             | 2029-09-13      | Variable      | 11.43%                | No            |                  2 | On Loan: No      |
| MaxLinear Inc                                      | MaxLinear, Inc.                                                               | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |       829 | NS      | $13031.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -2634375 | NC      | $-10799.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GAMMA MANAGEMENT LLC                               | Lottomatica Group SpA                                                         | CUSIP: N/A<br>LEI: 549300R72LKEGT4EX026       | Long             | DBT              | CORP              | IT        |    700000 | PA      | $838373.86    | 0.15%             | 2031-01-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SOLERA CORP                                        | Polaris Newco LLC                                                             | CUSIP: N/A<br>LEI: 254900LEPDAG7EDOA064       | Long             | LON              | CORP              | US        |   1488402 | PA      | $1626689.19   | 0.29%             | 2028-06-02      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| Labrador Aviation Finance Limi                     | Labrador Aviation Finance Ltd.                                                | CUSIP: 50543LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1062186 | PA      | $1035588.64   | 0.19%             | 2042-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -2441997 | PA      | $-2441997.06  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                           | Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp.   | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2081542.10   | 0.38%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SELECTIVE INSURANCE GROU                           | Selective Insurance Group, Inc.                                               | CUSIP: 816300503<br>LEI: 549300R3WGJWLE40R258 | Long             | EP               | CORP              | US        |     85536 | NS      | $1483194.24   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Outdoor Holding Co                                 | Outdoor Holding Co.                                                           | CUSIP: 00175J107<br>LEI: 549300WUBAV2G8RICP63 | Long             | EC               | CORP              | US        |       515 | NS      | $736.45       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -2348142 | PA      | $-2348142.11  | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERNATIONAL ENTERTAINMENT JJCO 3 LTD             | ATG Entertainment                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |   1000000 | PA      | $1357169.89   | 0.24%             | 2032-04-19      | Variable      | 8.97%                 | No            |                  2 | On Loan: No      |
| CS Disco Inc                                       | CS Disco, Inc.                                                                | CUSIP: 126327105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        84 | NS      | $459.48       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTIC MARINE CORP COM                           | Atlantic Marine Corporations Communities LLC                                  | CUSIP: 048677AH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1970773 | PA      | $1598858.84   | 0.29%             | 2048-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Concentra Biosciences, LLC                         | Concentra Biosciences, LLC                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |        48 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                             | Foreign Exchange USD/JPY                                                      | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |    832000 | NC      | $5195.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| XOMA Corp.                                         | XOMA Corp.                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       153 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTER DOUGLAS INC                                 | Hunter Douglas, Inc.                                                          | CUSIP: N/A<br>LEI: 529900811T142NS3H544       | Long             | LON              | CORP              | US        |   1293500 | PA      | $1292956.73   | 0.23%             | 2032-01-17      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| iShares Silver Trust                               | iShares Silver Trust                                                          | CUSIP: 46428Q109<br>LEI: 549300K2C2CG14B0ZA09 | Long             | EC               | RF                | US        |     81900 | NS      | $2963961.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Solo Brands Inc                                    | Solo Brands, Inc.                                                             | CUSIP: 83425V203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         2 | NS      | $21.72        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Codexis Inc                                        | Codexis, Inc.                                                                 | CUSIP: 192005106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       706 | NS      | $1927.38      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oramed Pharmaceuticals Inc                         | Oramed Pharmaceuticals, Inc.                                                  | CUSIP: 68403P203<br>LEI: 5299006K52ZIIGQJ6R84 | Long             | EC               | CORP              | US        |       212 | NS      | $466.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Joint Corp/The                                     | Joint Corp.                                                                   | CUSIP: 47973J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       165 | NS      | $1772.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Credit Allocation In                     | BlackRock Credit Allocation Income Trust                                      | CUSIP: 092508100<br>LEI: WU48CSUCFTU86AQUYZ93 | Long             | EC               | RF                | US        |    290333 | NS      | $3193663.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Tr                     | National Storage Affiliates Trust                                             | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |       949 | NS      | $30586.27     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -2738720 | PA      | $-2738720.16  | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| Kezar Life Sciences Inc                            | Kezar Life Sciences, Inc.                                                     | CUSIP: 49372L209<br>LEI: 549300EV1V8GXBV18004 | Long             | EC               | CORP              | US        |        21 | NS      | $82.95        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD INDUSTRIES INC                            | Standard Industries, Inc.                                                     | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $907529.70    | 0.16%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Veritex Holdings Inc                               | Veritex Holdings, Inc.                                                        | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |       278 | NS      | $9549.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RR Ltd                                             | RR 39 Ltd.                                                                    | CUSIP: 74988JAC3<br>LEI: 254900LIH4RE7KQVNK74 | Long             | ABS-O            | CORP              | KY        |   1250000 | PA      | $1134475.00   | 0.20%             | 2038-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brant Point CLO Ltd                                | Brant Point CLO Ltd.                                                          | CUSIP: 10548TAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $863458.40    | 0.16%             | 2038-07-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Liberty Latin America Ltd                          | Liberty Latin America Ltd.                                                    | CUSIP: N/A<br>LEI: 213800YWQHEAX7CAVO83       | Long             | EC               | CORP              | US        |       237 | NS      | $1910.22      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORP                                 | Valero Energy Corp.                                                           | CUSIP: 91913YBE9<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   3350000 | PA      | $2392480.09   | 0.43%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Upland Software Inc                                | Upland Software, Inc.                                                         | CUSIP: 91544A109<br>LEI: 549300NS277POYJ63W89 | Long             | EC               | CORP              | US        |       172 | NS      | $486.76       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Affimed NV                                         | Affimed N.V.                                                                  | CUSIP: N/A<br>LEI: 5493004V4FSXT1D04610       | Long             | EC               | CORP              | US        |        69 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                           | Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer           | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1493840.75   | 0.27%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Douglas Elliman Inc                                | Douglas Elliman, Inc.                                                         | CUSIP: 25961D105<br>LEI: 549300BXICHPOXA1NO93 | Long             | EC               | CORP              | US        |       449 | NS      | $1221.28      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS BANK PLC                                  | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        |  -2634375 | NC      | $-5090.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Pure Cycle Corp                                    | Pure Cycle Corp.                                                              | CUSIP: 746228303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       114 | NS      | $1151.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMMONTANA ITALIA SPA                              | Sammontana Italia SpA                                                         | CUSIP: N/A<br>LEI: 8156002DFC51B8173A68       | Long             | DBT              | CORP              | IT        |    350000 | PA      | $408261.09    | 0.07%             | 2031-10-15      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| Smith & Wesson Brands Inc                          | Smith & Wesson Brands, Inc.                                                   | CUSIP: 831754106<br>LEI: 5493004PFHUPOR1PWN79 | Long             | EC               | CORP              | US        |       285 | NS      | $2328.45      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                        | 1-Year/2-Year Interest Rate Swap                                              | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -4215000 | NC      | $-9776.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fox Factory Holding Corp                           | Fox Factory Holding Corp.                                                     | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |       493 | NS      | $14262.49     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifetime Brands Inc                                | Lifetime Brands, Inc.                                                         | CUSIP: 53222Q103<br>LEI: 549300GS38DC0OHLYK32 | Long             | EC               | CORP              | US        |        75 | NS      | $296.25       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KANE FEEDERCO LTD                                  | Kane Bidco Ltd.                                                               | CUSIP: N/A<br>LEI: 213800IT8MD1MLYZWC24       | Long             | DBT              | CORP              | JE        |    750000 | PA      | $1037206.07   | 0.19%             | 2031-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                   | CSC Holdings LLC                                                              | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999416.08    | 0.18%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| MaxCyte Inc                                        | MaxCyte, Inc.                                                                 | CUSIP: 57777K106<br>LEI: 54930053YHXULRFCU991 | Long             | EC               | CORP              | US        |       563 | NS      | $782.57       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                                    | CVS Health Corp.                                                              | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    550000 | PA      | $572609.40    | 0.10%             | 2055-03-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Codiak Biosciences Inc                             | Codiak Biosciences, Inc.                                                      | CUSIP: 192010106<br>LEI: 549300QVVVW74Y10Q230 | Long             | EC               | CORP              | US        |        94 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| COGENT COMM GROUP LLC                              | Cogent Communications Group LLC                                               | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498158.30    | 0.09%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Biodesix Inc                                       | Biodesix, Inc.                                                                | CUSIP: 09075X108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        75 | NS      | $32.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure                      | HA Sustainable Infrastructure Capital, Inc.                                   | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |       896 | NS      | $25303.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ENVIRI CORP                                        | Enviri Corp.                                                                  | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |   2625000 | PA      | $2595490.01   | 0.47%             | 2027-07-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DMC Global Inc                                     | DMC Global, Inc.                                                              | CUSIP: 23291C103<br>LEI: 549300CBDXD1Z5MRNG02 | Long             | EC               | CORP              | US        |       111 | NS      | $743.70       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DATIX BIDCO LIMITED                                | Datix Bidco Ltd.                                                              | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Long             | LON              | CORP              | US        |    370000 | PA      | $370000.00    | 0.07%             | 2031-04-30      | Variable      | 9.54%                 | No            |                  3 | On Loan: No      |
| Clearwater Analytics Holdings                      | Clearwater Analytics Holdings, Inc.                                           | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        58 | NS      | $1198.86      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                                    | NeoGenomics, Inc.                                                             | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1325 | NS      | $11633.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BALROG ACQUISITION INC                             | Balrog Acquisition, Inc.                                                      | CUSIP: N/A<br>LEI: 25490017XQ2US9FIMN58       | Long             | LON              | CORP              | US        |    400000 | PA      | $387168.00    | 0.07%             | 2028-09-05      | Variable      | 8.43%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                        | Foreign Exchange USD/JPY                                                      | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |    446000 | NC      | $19716.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AngioDynamics Inc                                  | AngioDynamics, Inc.                                                           | CUSIP: 03475V101<br>LEI: 549300W3VKC5ZKMO8C28 | Long             | EC               | CORP              | US        |       220 | NS      | $2257.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN Inc                                           | ASGN, Inc.                                                                    | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |       596 | NS      | $32333.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -1413827 | PA      | $-1413827.10  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -758145 | PA      | $-758144.99   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Paycom Software Inc                                | Paycom Software, Inc.                                                         | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      1974 | NS      | $448394.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                                      | U.S. Treasury Bills                                                           | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14340000 | PA      | $14256302.15  | 2.57%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LONESTAR INTERMEDIATE SUPER HOLDINGS LLC           | Asurion LLC                                                                   | CUSIP: N/A<br>LEI: 549300KNQVXGIOXWK278       | Long             | LON              | CORP              | US        |    488750 | PA      | $488060.86    | 0.09%             | 2028-08-19      | Variable      | 8.67%                 | No            |                  2 | On Loan: No      |
| 22nd Century Group Inc                             | 22nd Century Group, Inc.                                                      | CUSIP: 90137F509<br>LEI: 5493000LGPXTLG1UMJ56 | Long             | EC               | CORP              | US        |         0 | NS      | $0.08         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc                            | Helios Technologies, Inc.                                                     | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |       378 | NS      | $20502.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Yellow Corp                                        | Yellow Corp.                                                                  | CUSIP: 985510106<br>LEI: 529900SEX4UQ2WLPRC40 | Long             | EC               | CORP              | US        |       300 | NS      | $75.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll Inc                                    | MillerKnoll, Inc.                                                             | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |       872 | NS      | $18407.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORP                                    | CMS Energy Corp.                                                              | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    450000 | PA      | $459019.35    | 0.08%             | 2055-06-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -2565853 | PA      | $-2565852.74  | -0.46%            |  |  |  | No            |                  2 | On Loan: No      |
| SPEEDSTER MIV SCSP                                 | Speedster Bidco GmbH                                                          | CUSIP: N/A<br>LEI: 254900LE837QB2YYV824       | Long             | LON              | CORP              | DE        |   1000000 | PA      | $1174880.07   | 0.21%             | 2031-12-10      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Tucows Inc                                         | Tucows, Inc.                                                                  | CUSIP: 898697206<br>LEI: 529900860LTAB4QUV247 | Long             | EC               | CORP              | US        |        58 | NS      | $1060.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.    | S&P 500 Index                                                                 | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -7 | NC      | $-72240.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group Inc                                    | Uniti Group, Inc.                                                             | CUSIP: 912932100<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |       695 | NS      | $4379.38      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER INDUSTRIAL PRODUCTS INVESTMENT CO            | Indicor LLC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    997494 | PA      | $1169986.50   | 0.21%             | 2029-11-22      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                  | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        |  -2634375 | NC      | $-13086.68    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding XLIV LLC                                                | CUSIP: 15674DAE4<br>LEI: 6354005DPIRML7EMPA20 | Long             | ABS-O            | CORP              | US        |   2050000 | PA      | $2073746.79   | 0.37%             | 2036-01-15      | Floating      | 8.52%                 | No            |                  2 | On Loan: No      |
| XEROX HOLDINGS CORP                                | Xerox Corp.                                                                   | CUSIP: N/A<br>LEI: 4KF48RN45X1OO8UBLY20       | Long             | LON              | CORP              | US        |    917727 | PA      | $854862.95    | 0.15%             | 2029-11-17      | Variable      | 8.27%                 | No            |                  2 | On Loan: No      |
| Ameresco Inc                                       | Ameresco, Inc.                                                                | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |       362 | NS      | $9205.66      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BAUSCH HEALTH COS INC                              | Bausch Health Companies, Inc.                                                 | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   3300000 | PA      | $2978250.00   | 0.54%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                           | Allwyn Entertainment Financing UK plc                                         | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |   1200000 | PA      | $1248000.00   | 0.23%             | 2029-04-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AtriCure Inc                                       | AtriCure, Inc.                                                                | CUSIP: 04963C209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       525 | NS      | $19419.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                        | 1-Year/2-Year Interest Rate Swap                                              | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -2634375 | NC      | $-11305.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ooma Inc                                           | Ooma, Inc.                                                                    | CUSIP: 683416101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       130 | NS      | $1679.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STEELCASE INC                                      | Steelcase, Inc.                                                               | CUSIP: 858155AE4<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1443692.50   | 0.26%             | 2029-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                 | Thunderbird A                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   8500000 | PA      | $7929395.00   | 1.43%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| DermTech Inc                                       | DermTech, Inc.                                                                | CUSIP: 24984K105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       144 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HANGER INC                                         | Hanger, Inc.                                                                  | CUSIP: N/A<br>LEI: 254900ZJJJYVLHJXSZ60       | Short            | LON              | CORP              | US        |   -135741 | PA      | $0.00         | 0.00%             | 2031-10-23      | Variable      | 3.50%                 | No            |                  3 | On Loan: No      |
| Trevena Inc                                        | Trevena, Inc.                                                                 | CUSIP: 89532E307<br>LEI: 549300YXUV4MU2J7QS07 | Long             | EC               | CORP              | US        |         1 | NS      | $0.25         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc                                  | Sprout Social, Inc.                                                           | CUSIP: 85209W109<br>LEI: 254900QE3QH8EBRDOB65 | Long             | EC               | CORP              | US        |       530 | NS      | $8368.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                           | Cheplapharm Arzneimittel GmbH                                                 | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |   1379000 | PA      | $1339775.03   | 0.24%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pyxis Oncology Inc                                 | Pyxis Oncology, Inc.                                                          | CUSIP: 747324101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        62 | NS      | $79.36        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambarella Inc                                      | Ambarella, Inc.                                                               | CUSIP: N/A<br>LEI: 254900XN7F4DG0CEKC02       | Long             | EC               | CORP              | US        |       412 | NS      | $33981.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc                                 | Outfront Media, Inc.                                                          | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |      1726 | NS      | $32241.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Water Resources Inc                         | Global Water Resources, Inc.                                                  | CUSIP: 379463102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        75 | NS      | $724.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mill City Mortgage Trust                           | Mill City Securities Ltd.                                                     | CUSIP: 599920AB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3150000 | PA      | $2877525.00   | 0.52%             | 2069-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Silicon Laboratories Inc                           | Silicon Laboratories, Inc.                                                    | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |       444 | NS      | $59651.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Outdoor Brands Inc                        | American Outdoor Brands, Inc.                                                 | CUSIP: 02875D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        84 | NS      | $876.96       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTICE FRANCE SA                                   | Altice France S.A.                                                            | CUSIP: 02156LAE1<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   5260000 | PA      | $4510450.00   | 0.81%             | 2029-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TEGRA118 WEALTH SOLUTIONS INC                      | Tegra118 Wealth Solutions, Inc.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1230570 | PA      | $1215187.83   | 0.22%             | 2027-02-18      | Variable      | 8.20%                 | No            |                  2 | On Loan: No      |
| Verastem Inc                                       | Verastem, Inc.                                                                | CUSIP: 92337C203<br>LEI: 549300IY0EFBIU8NQC81 | Long             | EC               | CORP              | US        |        85 | NS      | $786.25       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JB POINDEXTER & CO INC                             | JB Poindexter & Company, Inc.                                                 | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    590000 | PA      | $609346.88    | 0.11%             | 2031-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                   | ITT Holdings LLC                                                              | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3676119.75   | 0.66%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                          | 1-Year/2-Year Interest Rate Swap                                              | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |  -4215000 | NC      | $-9776.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                           | Builders FirstSource, Inc.                                                    | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1546824.00   | 0.28%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                             | Cushman & Wakefield US Borrower LLC                                           | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1514784.00   | 0.27%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Seritage Growth Properties                         | Seritage Growth Properties                                                    | CUSIP: 81752R100<br>LEI: 5493003CJFC2MM82WB25 | Long             | EC               | CORP              | US        |       222 | NS      | $814.74       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRION GROUP LLC                                  | Engineering Research And Consulting LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1393000 | PA      | $1354692.50   | 0.24%             | 2031-08-29      | Variable      | 9.29%                 | No            |                  2 | On Loan: No      |
| Commodity Exchange, Inc.                           | Gold 100 oz. Futures Contracts                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |         4 | NC      | $52792.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank, N.A.                                     | CURRENCY CONTRACT - Rec CAD / Deliver USD                                     | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |     55000 | NC      | $195.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIDELIS INSUR HLD LTD                              | Fidelis Insurance Holdings Ltd.                                               | CUSIP: 31575FAC0<br>LEI: 549300CDMGCAGJQ7DX03 | Long             | DBT              | CORP              | BM        |   1350000 | PA      | $1425127.50   | 0.26%             | 2055-06-15      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.    | S&P 500 Index                                                                 | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -7 | NC      | $-60830.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CHESTERFIELD FINANCIAL HOLDING CHEST_23-1          | CHEST                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $472617.00    | 0.09%             | 2043-03-23      | Variable      | 7.12%                 | No            |                  3 | On Loan: No      |
| Bank of America, N.A.                              | 12-Month/2-Year Interest Rate Swap                                            | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DIR              |  | US        |  11770853 | NC      | $77702.58     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce, Toronto Branch | Canadian Imperial Bank of Commerce                                            | CUSIP: N/A<br>LEI: 2IGI19DL77OX0HC3ZE78       | Short            | RA               | CORP              | CA        |   -285915 | PA      | $-285915.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CytomX Therapeutics Inc                            | CytomX Therapeutics, Inc.                                                     | CUSIP: 23284F105<br>LEI: 5493004VW2FW0QLL3345 | Long             | EC               | CORP              | US        |       386 | NS      | $787.44       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                             | Foreign Exchange USD/JPY                                                      | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |   -832000 | NC      | $-685.58      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Regatta 33 Funding Ltd.                            | Regatta 33 Funding Ltd.                                                       | CUSIP: 75890CAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    600000 | PA      | $598154.88    | 0.11%             | 2038-07-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                  | Herc Holdings, Inc.                                                           | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    230000 | PA      | $239373.42    | 0.04%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Meta Materials Inc                                 | Meta Materials, Inc.                                                          | CUSIP: 59134N302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        12 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -1378882 | PA      | $-1378881.86  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| Charles River Laboratories Int                     | Charles River Laboratories International, Inc.                                | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |       985 | NS      | $160860.35    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Children's Place Inc/The                           | Children's Place, Inc.                                                        | CUSIP: 168905107<br>LEI: 549300BGVK2OO5O7TC19 | Long             | EC               | CORP              | US        |       161 | NS      | $816.27       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUCE FINCO PLC                                    | Deuce FinCo plc                                                               | CUSIP: N/A<br>LEI: 9845007DA2BC863E8437       | Long             | DBT              | CORP              | GB        |   1200000 | PA      | $1619063.63   | 0.29%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GIBSON BRANDS INC                                  | Gibson Brands, Inc.                                                           | CUSIP: N/A<br>LEI: 549300KU4ACNZQGB7J14       | Long             | LON              | CORP              | US        |   5548750 | PA      | $5195017.19   | 0.94%             | 2028-08-11      | Variable      | 9.58%                 | No            |                  2 | On Loan: No      |
| PHM GROUP TOPCO OY                                 | PHM Group Holding OY                                                          | CUSIP: N/A<br>LEI: 7437002P82P6OBDFWT48       | Long             | LON              | CORP              | FI        |   1300000 | PA      | $1518628.76   | 0.27%             | 2032-04-22      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                      | Boyne USA, Inc.                                                               | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1570790.40   | 0.28%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING MATERIALS HOLDING COMPANY LLC  | Foundation Building Materials Holding Company LLC                             | CUSIP: N/A<br>LEI: 549300X5S4H9C8CNO521       | Long             | LON              | CORP              | US        |   1333125 | PA      | $1336791.09   | 0.24%             | 2031-01-29      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                              | PennyMac Financial Services, Inc.                                             | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204350.80    | 0.04%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SHERWOOD FINANCING PLC                             | Sherwood Financing plc                                                        | CUSIP: N/A<br>LEI: 259400SSZWSSPNYW7K08       | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1755022.56   | 0.32%             | 2029-12-15      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| DMG PRACTICE MANAGEMENT SOLUTIONS LLC              | Midwest Physician Administrative Services                                     | CUSIP: N/A<br>LEI: 5493001F7B0DCPKBGK48       | Long             | LON              | CORP              | US        |    369830 | PA      | $345868.60    | 0.06%             | 2028-03-12      | Variable      | 7.56%                 | No            |                  2 | On Loan: No      |
| Outset Medical Inc                                 | Outset Medical, Inc.                                                          | CUSIP: 690145206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        36 | NS      | $500.76       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionsgate Studios Corp                             | Lionsgate Studios Corp.                                                       | CUSIP: 53626N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1766 | NS      | $11355.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc                      | American Eagle Outfitters, Inc.                                               | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |      1778 | NS      | $23007.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CERVANTES BIDCO SLU                                | Cervantes Bidco S.L.U.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | ES        |   1000000 | PA      | $1173838.77   | 0.21%             | 2031-12-03      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| ASP DREAM ACQUISITION CO LLC                       | ASP Dream Acquisiton Co. LLC                                                  | CUSIP: N/A<br>LEI: 254900DH5Q9BDS6KS803       | Long             | LON              | CORP              | US        |   3144375 | PA      | $2829937.50   | 0.51%             | 2028-12-15      | Variable      | 8.67%                 | No            |                  2 | On Loan: No      |
| Telos Corp                                         | Telos Corp.                                                                   | CUSIP: 87969B101<br>LEI: 549300P7ZDPL8UWNVI47 | Long             | EC               | CORP              | US        |       238 | NS      | $1470.84      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                           | MarketAxess Holdings, Inc.                                                    | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |       746 | NS      | $137144.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IVI AMERICA LLC                                    | IVI America LLC                                                               | CUSIP: N/A<br>LEI: 549300V0LY56J9HGCK92       | Long             | LON              | CORP              | US        |    643500 | PA      | $645379.02    | 0.12%             | 2031-04-18      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| Gevo Inc                                           | Gevo, Inc.                                                                    | CUSIP: 374396406<br>LEI: 549300IV6EW4O1OJD686 | Long             | EC               | CORP              | US        |      1167 | NS      | $2018.91      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aligned Data Centers Issuer LL                     | Aligned Data Centers Issuer LLC                                               | CUSIP: 01627AAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $386644.68    | 0.07%             | 2046-08-15      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Rapid Micro Biosystems Inc                         | Rapid Micro Biosystems, Inc.                                                  | CUSIP: 75340L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        86 | NS      | $207.26       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluent Inc                                         | Fluent, Inc.                                                                  | CUSIP: 34380C201<br>LEI: 549300P3G8O165ICY429 | Long             | EC               | CORP              | US        |        43 | NS      | $102.34       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aemetis Inc                                        | Aemetis, Inc.                                                                 | CUSIP: 00770K202<br>LEI: 254900DQF4U5U9W7AR72 | Long             | EC               | CORP              | US        |       161 | NS      | $408.94       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoke Therapeutics Inc                             | Stoke Therapeutics, Inc.                                                      | CUSIP: 86150R107<br>LEI: 549300RD25SS2DIJHJ67 | Long             | EC               | CORP              | US        |       113 | NS      | $2232.88      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ready Capital Corp                                 | Ready Capital Corp.                                                           | CUSIP: 75574U101<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EC               | CORP              | US        |       355 | NS      | $1512.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.    | Invesco QQQ Trust Series                                                      | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |       190 | NC      | $251750.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN AUTO AUCTION GROUP LLC                    | American Auto Auction Group LLC                                               | CUSIP: N/A<br>LEI: 5493002VI1KML1L8HW19       | Long             | LON              | CORP              | US        |    299250 | PA      | $301742.75    | 0.05%             | 2032-05-22      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Industrial Logistics Propertie                     | Industrial Logistics Properties Trust                                         | CUSIP: 456237106<br>LEI: 5493004XH9PJW009HR47 | Long             | EC               | CORP              | US        |       380 | NS      | $2340.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Inc                                      | Synaptics, Inc.                                                               | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |       463 | NS      | $32345.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding XLVII LLC                                               | CUSIP: 156945AG2<br>LEI: 635400CIDEC6DQX2EU90 | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $806539.36    | 0.15%             | 2036-07-15      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Grid Dynamics Holdings Inc                         | Grid Dynamics Holdings, Inc.                                                  | CUSIP: 39813G109<br>LEI: 9845007E77EEC65AZE29 | Long             | EC               | CORP              | US        |       530 | NS      | $4393.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvation Bio Inc                                   | Nuvation Bio, Inc.                                                            | CUSIP: 67080N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1852 | NS      | $5500.44      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Thryv Holdings Inc                                 | Thryv Holdings, Inc.                                                          | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        90 | NS      | $1157.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                          | CURRENCY CONTRACT - Rec USD / Deliver EUR                                     | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |   -200000 | NC      | $-99.56       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                                  | Upbound Group, Inc.                                                           | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |   3412000 | PA      | $3344108.37   | 0.60%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TECTONIC THERAPEUTIC INC                           | Tectonic Therapeutic, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |        18 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TELUS CORP                                         | TELUS Corp.                                                                   | CUSIP: 87971MCM3<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |   1200000 | PA      | $1231417.20   | 0.22%             | 2055-10-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Capstone Acquisition Holdings, Inc.                | Capstone Acquisition Holdings, Inc.                                           | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -225410 | PA      | $-1050.14     | -0.00%            | 2029-11-12      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                           | MB2 Dental Solutions LLC                                                      | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |    271443 | PA      | $267209.91    | 0.05%             | 2031-02-13      | Variable      | 9.82%                 | No            |                  3 | On Loan: No      |
| PENNYMAC FIN SVCS INC                              | PennyMac Financial Services, Inc.                                             | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    800000 | PA      | $828649.60    | 0.15%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| APEX GROUP TREASURY LLC                            | Apex Group Treasury LLC                                                       | CUSIP: N/A<br>LEI: 254900N6HRPDDNW7HP03       | Long             | LON              | CORP              | US        |    537694 | PA      | $537828.07    | 0.10%             | 2032-02-19      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.    | S&P 500 Index                                                                 | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -7 | NC      | $-3150.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Infinity Pharmaceuticals Inc                       | Infinity Pharmaceuticals, Inc.                                                | CUSIP: 45665G303<br>LEI: 529900A03D1G15M8WM72 | Long             | EC               | CORP              | US        |       521 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC NETWORKS INC                                   | AMC Networks, Inc.                                                            | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    350000 | PA      | $364315.00    | 0.07%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| BNP Paribas                                        | 9-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -8780000 | NC      | $-48696.34    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CarMax Inc                                         | CarMax, Inc.                                                                  | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2577 | NS      | $158098.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS MINERALS INTERNA                           | Compass Minerals International, Inc.                                          | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209197.00    | 0.04%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                            | KeyCorp                                                                       | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     11155 | NS      | $215960.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith Micro Software Inc                           | Smith Micro Software, Inc.                                                    | CUSIP: 832154405<br>LEI: 549300YR8UTB5CX2B814 | Long             | EC               | CORP              | US        |        34 | NS      | $25.17        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                           | SCIL IV LLC / SCIL USA Holdings LLC                                           | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2234808.45   | 0.40%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ImageneBio Inc                                     | ImageneBio, Inc.                                                              | CUSIP: 45175G207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        13 | NS      | $174.20       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LL Flooring Holdings Inc                           | LL Flooring Holdings, Inc.                                                    | CUSIP: 55003T107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       170 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Papa John's International Inc                      | Papa John's International, Inc.                                               | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |       387 | NS      | $18850.77     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                                    | Best Buy Company, Inc.                                                        | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      2703 | NS      | $199048.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CARRIAGE SERVICES INC                              | Carriage Services, Inc.                                                       | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3150000 | PA      | $2970928.49   | 0.54%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OneWater Marine Inc                                | OneWater Marine, Inc.                                                         | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        61 | NS      | $1026.63      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| 1stdibs.com Inc                                    | 1stdibs.com, Inc.                                                             | CUSIP: 320551104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       106 | NS      | $290.44       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc                           | Broadstone Net Lease, Inc.                                                    | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |      1850 | NS      | $34391.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DRIVE BIDCO BV                                     | Drive Bidco B.V.                                                              | CUSIP: N/A<br>LEI: 254900SO04XJ573VEQ93       | Long             | LON              | CORP              | NL        |   1000000 | PA      | $1170001.17   | 0.21%             | 2031-07-23      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Athersys Inc                                       | Athersys, Inc.                                                                | CUSIP: 04744L205<br>LEI: 529900SJN2POLMMUAI78 | Long             | EC               | CORP              | US        |        49 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Xilio Therapeutics Inc                             | Xilio Therapeutics, Inc.                                                      | CUSIP: 98422T100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        43 | NS      | $30.10        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Udemy Inc                                          | Udemy, Inc.                                                                   | CUSIP: 902685106<br>LEI: 2549000T304QU9SAM180 | Long             | EC               | CORP              | US        |        81 | NS      | $555.66       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Praxis Precision Medicines Inc                     | Praxis Precision Medicines, Inc.                                              | CUSIP: 74006W207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        12 | NS      | $546.48       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KENNEDY-WILSON INC                                 | Kennedy-Wilson, Inc.                                                          | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3267514.36   | 0.59%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                           | Encore Capital Group, Inc.                                                    | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $2060914.05   | 0.37%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                                   | Owl Rock CLO XVI LLC                                                          | CUSIP: 69120YAE5<br>LEI: 254900BHMAVJ8X5TCA77 | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $853483.30    | 0.15%             | 2036-04-20      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                           | Rogers Communications, Inc.                                                   | CUSIP: 775109BS9<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1600000 | PA      | $1585855.68   | 0.29%             | 2082-03-15      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| AUXEY BIDCO LTD                                    | Alexander Mann                                                                | CUSIP: N/A<br>LEI: 213800NC9KFDXTICTU17       | Long             | LON              | CORP              | GB        |   1768500 | PA      | $1680075.00   | 0.30%             | 2027-06-29      | Variable      | 10.46%                | No            |                  2 | On Loan: No      |
| Camping World Holdings Inc                         | Camping World Holdings, Inc.                                                  | CUSIP: 13462K109<br>LEI: 549300E828QQI7MWI432 | Long             | EC               | CORP              | US        |       489 | NS      | $8562.39      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Symphony CLO Ltd                                   | Symphony CLO 48 Ltd.                                                          | CUSIP: 87170HAC7<br>LEI: 25490005310EULQ9PO62 | Long             | ABS-O            | CORP              | KY        |    850000 | PA      | $756339.35    | 0.14%             | 2038-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Avis Budget Group Inc                              | Avis Budget Group, Inc.                                                       | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |       484 | NS      | $76583.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Passage Bio Inc                                    | Passage Bio, Inc.                                                             | CUSIP: 702712209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        11 | NS      | $76.12        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | CDX.NA.HY.43.V1 (15-25%)                                                      | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DCR              |  | US        |  -1935000 | OU      | $-155405.06   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                              | Foreign Exchange EUR/USD                                                      | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   1762000 | NC      | $44.55        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc                      | Arrowhead Pharmaceuticals, Inc.                                               | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |      1200 | NS      | $26436.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENDI SA                                         | AccorInvest Group S.A.                                                        | CUSIP: N/A<br>LEI: 2221000MD2YP7WLTNC52       | Long             | DBT              | CORP              | LU        |    200000 | PA      | $247298.51    | 0.04%             | 2029-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Stitch Fix Inc                                     | Stitch Fix, Inc.                                                              | CUSIP: 860897107<br>LEI: 549300TNHOVBOJZIYE72 | Long             | EC               | CORP              | US        |       949 | NS      | $5020.21      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mativ Holdings Inc                                 | Mativ Holdings, Inc.                                                          | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               | CORP              | US        |       135 | NS      | $1696.95      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PUSHPAY USA INC                                    | Pushpay USA, Inc.                                                             | CUSIP: N/A<br>LEI: 9845001D6794B3C1FF33       | Long             | LON              | CORP              | US        |   1144250 | PA      | $1148540.94   | 0.21%             | 2031-08-15      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| Semtech Corp                                       | Semtech Corp.                                                                 | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |       756 | NS      | $43916.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AirSculpt Technologies Inc                         | AirSculpt Technologies, Inc.                                                  | CUSIP: 009496100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        38 | NS      | $245.10       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GLP CAPITAL LP / FIN II                            | GLP Capital Limited Partnership / GLP Financing II, Inc.                      | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3250000 | PA      | $2900571.38   | 0.52%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| One Liberty Properties Inc                         | One Liberty Properties, Inc.                                                  | CUSIP: 682406103<br>LEI: 549300QII1CQZGZBZR14 | Long             | EC               | CORP              | US        |        95 | NS      | $2269.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                        | S&P 500 Index Mini Futures Contracts                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       205 | NC      | $3986991.90   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Ontrak Inc                                         | Ontrak, Inc.                                                                  | CUSIP: 683373401<br>LEI: 549300OQ36UO20X0DB40 | Long             | EC               | CORP              | US        |         1 | NS      | $0.07         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                           | Essex Property Trust, Inc.                                                    | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |       761 | NS      | $205629.81    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENDI SA                                         | AccorInvest Group S.A.                                                        | CUSIP: N/A<br>LEI: 2221000MD2YP7WLTNC52       | Long             | DBT              | CORP              | LU        |    200000 | PA      | $235031.27    | 0.04%             | 2032-05-15      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| CLIFFWATER LLC                                     | Cliffwater LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1366575 | PA      | $1362216.19   | 0.25%             | 2032-03-19      | Variable      | 9.31%                 | No            |                  3 | On Loan: No      |
| The Toronto-Dominion Bank                          | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |  -2634375 | NC      | $-13478.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                               | Bank of America Corp.                                                         | CUSIP: 06055H400<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    131500 | NS      | $2413025.00   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNT COS INC                                       | Hunt Companies, Inc.                                                          | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1811362.20   | 0.33%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Korn Ferry                                         | Korn Ferry                                                                    | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |       630 | NS      | $46708.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ARSENAL AIC HOLDINGS LP                            | Arsenal AIC Parent LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    294784 | PA      | $294692.28    | 0.05%             | 2030-08-19      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| DarioHealth Corp                                   | DarioHealth Corp.                                                             | CUSIP: 23725P308<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         4 | NS      | $38.04        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KASEYA INC                                         | Kaseya, Inc.                                                                  | CUSIP: N/A<br>LEI: 254900MISXMLRZ63NH46       | Long             | LON              | CORP              | US        |   1396500 | PA      | $1398636.65   | 0.25%             | 2032-03-22      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| WOMENS CARE HOLDINGS INC                           | Women's Care Holdings, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2887218 | PA      | $2620150.38   | 0.47%             | 2028-01-15      | Variable      | 8.91%                 | No            |                  2 | On Loan: No      |
| ONE Group Hospitality Inc/The                      | ONE Group Hospitality, Inc.                                                   | CUSIP: 88338K103<br>LEI: 549300QFZD4IE5DEBE98 | Long             | EC               | CORP              | US        |       123 | NS      | $343.17       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc                          | DigitalOcean Holdings, Inc.                                                   | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |       593 | NS      | $19343.66     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Owl Rock CLO Ltd                                   | Owl Rock CLO I LLC                                                            | CUSIP: 69121XAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1550000 | PA      | $1565807.06   | 0.28%             | 2036-02-20      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| Aegion Corp.                                       | Aegion Corp.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -142857 | PA      | $0.00         | 0.00%             | 2028-05-17      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| CURRICULUM ASSOCIATES LLC                          | Curriculum Associates LLC                                                     | CUSIP: N/A<br>LEI: 254900F1U1TH1N97NR19       | Long             | LON              | CORP              | US        |   1400000 | PA      | $1393328.94   | 0.25%             | 2032-05-07      | Variable      | 8.95%                 | No            |                  3 | On Loan: No      |
| Ranpak Holdings Corp                               | Ranpak Holdings Corp.                                                         | CUSIP: 75321W103<br>LEI: 5493000Z9EZR9DCYOO86 | Long             | EC               | CORP              | US        |       447 | NS      | $2360.16      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal Inc                                     | Kennametal, Inc.                                                              | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |       980 | NS      | $21001.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBION JVCO LTD                                    | Albion Financing 1 SARL                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |    450000 | PA      | $544216.32    | 0.10%             | 2030-05-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CarParts.com Inc                                   | CarParts.com, Inc.                                                            | CUSIP: 14427M107<br>LEI: 5493005FSRX4Y7E7H678 | Long             | EC               | CORP              | US        |       291 | NS      | $238.71       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INSPIRED EDUCATION HOLDINGS LTD                    | Inspired Finco Holdings, Ltd.                                                 | CUSIP: N/A<br>LEI: 21380079CKTODVMD9183       | Long             | LON              | CORP              | GB        |   1250000 | PA      | $1463261.96   | 0.26%             | 2031-02-28      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                                    | Global Atlantic Finance Co.                                                   | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    900000 | PA      | $885478.71    | 0.16%             | 2051-10-15      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP BIDCO LTD                              | Boots Group Finco L.P.                                                        | CUSIP: N/A<br>LEI: 254900YVLYOVF1PF1N93       | Long             | DBT              | CORP              | US        |    600000 | PA      | $720412.51    | 0.13%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Blue Stream Issuer, LLC                            | Blue Stream Issuer LLC                                                        | CUSIP: 09606BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1018083.30   | 0.18%             | 2053-05-20      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                              | Foreign Exchange EUR/USD                                                      | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   3806000 | NC      | $13120.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Harvard Bioscience Inc                             | Harvard Bioscience, Inc.                                                      | CUSIP: 416906105<br>LEI: 549300VLGB1D47GGC642 | Long             | EC               | CORP              | US        |       234 | NS      | $115.83       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Turtle Beach Corp                                  | Turtle Beach Corp.                                                            | CUSIP: 900450206<br>LEI: 549300SZRV8U8PXSYI20 | Long             | EC               | CORP              | US        |        90 | NS      | $1423.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CARM_C                                             | Carisma Therapeutics, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |      1182 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Citi Trends Inc                                    | Citi Trends, Inc.                                                             | CUSIP: 17306X102<br>LEI: 529900D06Q0FPHV34S87 | Long             | EC               | CORP              | US        |        47 | NS      | $1674.61      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                                | STAG Industrial, Inc.                                                         | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |      2043 | NS      | $75284.55     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TERRAFORM GLOBAL OPERATI                           | Terraform Global Operating, LP                                                | CUSIP: 88104UAC7<br>LEI: 549300LC7QMVR79H5O86 | Long             | DBT              | CORP              | US        |    442000 | PA      | $439582.48    | 0.08%             | 2026-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| eHealth Inc                                        | eHealth, Inc.                                                                 | CUSIP: 28238P109<br>LEI: 5299003O8Y5OKXUZQ421 | Long             | EC               | CORP              | US        |       145 | NS      | $561.15       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Editas Medicine Inc                                | Editas Medicine, Inc.                                                         | CUSIP: 28106W103<br>LEI: 5299000AON4Q9NT2JE42 | Long             | EC               | CORP              | US        |       801 | NS      | $2058.57      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| National CineMedia Inc                             | National CineMedia, Inc.                                                      | CUSIP: 635309206<br>LEI: 5493000MOLIVSOGKEB48 | Long             | EC               | CORP              | US        |        35 | NS      | $153.65       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Accuray Inc                                        | Accuray, Inc.                                                                 | CUSIP: 004397105<br>LEI: 549300G28LY4TZKZJG51 | Long             | EC               | CORP              | US        |       550 | NS      | $836.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW LLC/CDW FINANCE                                | CDW LLC / CDW Finance Corp.                                                   | CUSIP: 12513GBJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1768627.92   | 0.32%             | 2031-12-01      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| BCP V MODULAR SERVICES FINANCE PLC                 | BCP V Modular Services Finance II plc                                         | CUSIP: N/A<br>LEI: 213800K8U94KVZL98H64       | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $3297690.10   | 0.59%             | 2028-11-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Anterix Inc                                        | Anterix, Inc.                                                                 | CUSIP: 03676C100<br>LEI: 549300QIX2QHFGIEQG40 | Long             | EC               | CORP              | US        |        68 | NS      | $1614.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CPC ACQUISITION CORP                               | NIC Acquisition Corp.                                                         | CUSIP: N/A<br>LEI: 254900UFA4AMH3PZZW32       | Long             | LON              | CORP              | US        |   3058042 | PA      | $2587103.25   | 0.47%             | 2027-12-29      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| Ultra Clean Holdings Inc                           | Ultra Clean Holdings, Inc.                                                    | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |       521 | NS      | $12514.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC MEDITERRANEAN SHIPPING CO SA                   | Terminal Investment Ltd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |    800000 | PA      | $805184.00    | 0.15%             | 2032-07-09      | Fixed         | 5.63%                 | No            |                  3 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |  -3139364 | PA      | $-3139364.46  | -0.57%            |  |  |  | No            |                  2 | On Loan: No      |
| AMFAM HOLDINGS INC                                 | AmFam Holdings, Inc.                                                          | CUSIP: 03115AAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2300000 | PA      | $1451066.73   | 0.26%             | 2051-03-11      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| Vicor Corp                                         | Vicor Corp.                                                                   | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |       247 | NS      | $12624.17     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulgent Genetics Inc                               | Fulgent Genetics, Inc.                                                        | CUSIP: 359664109<br>LEI: 549300CL6P01M68QJ404 | Long             | EC               | CORP              | US        |       246 | NS      | $5453.82      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| POWERGRID VEGETATION SERVICES LLC                  | Powergrid Services LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    680588 | PA      | $680588.24    | 0.12%             | 2032-03-31      | Variable      | 9.04%                 | No            |                  3 | On Loan: No      |
| 9 Meters Biopharma Inc                             | 9 Meters Biopharma, Inc.                                                      | CUSIP: 654405208<br>LEI: 549300TNBRYXYEAI2956 | Long             | EC               | CORP              | US        |        67 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGGINBOTHAM INSURANCE AGENCY INC                  | Higginbotham Insurance Agency, Inc.                                           | CUSIP: N/A<br>LEI: 549300IY2QEM8MQC2K06       | Long             | LON              | CORP              | US        |   2376000 | PA      | $2361393.64   | 0.43%             | 2028-11-24      | Variable      | 8.82%                 | No            |                  3 | On Loan: No      |
| Redwood Trust Inc                                  | Redwood Trust, Inc.                                                           | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |       675 | NS      | $4131.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stereotaxis Inc                                    | Stereotaxis, Inc.                                                             | CUSIP: 85916J409<br>LEI: 549300KPNOKI02O2ZP21 | Long             | EC               | CORP              | US        |       295 | NS      | $849.60       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN FINANCE CORP                               | OneMain Finance Corp.                                                         | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3050424.63   | 0.55%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -8674275 | PA      | $-8674275.04  | -1.56%            |  |  |  | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                              | Toronto-Dominion Bank                                                         | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1050000 | PA      | $1105798.05   | 0.20%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| MANNINGTON MILLS INC                               | Mannington Mills, Inc.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    545875 | PA      | $532228.13    | 0.10%             | 2032-03-07      | Variable      | 9.05%                 | No            |                  2 | On Loan: No      |
| Zentalis Pharmaceuticals Inc                       | Zentalis Pharmaceuticals, Inc.                                                | CUSIP: 98943L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       428 | NS      | $723.32       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Anika Therapeutics Inc                             | Anika Therapeutics, Inc.                                                      | CUSIP: 035255108<br>LEI: 529900R9LS3Z0O6QH455 | Long             | EC               | CORP              | US        |        86 | NS      | $806.68       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | 1-Year/2-Year Interest Rate Swap                                              | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -3688125 | NC      | $-9264.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CFC USA 2025 LLC                                   | CFC USA 2025 LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    850000 | PA      | $842035.50    | 0.15%             | 2032-05-29      | Variable      | 8.04%                 | No            |                  2 | On Loan: No      |
| TOTAL WEBHOSTING SOLUTIONS BV                      | Total Webhosting Solutions BV                                                 | CUSIP: N/A<br>LEI: 98450055H0892EDCB847       | Long             | LON              | CORP              | NL        |   1500000 | PA      | $1761583.01   | 0.32%             | 2031-11-06      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| Upwork Inc                                         | Upwork, Inc.                                                                  | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |      1378 | NS      | $21207.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE LOGIC ACQUISITION INC                      | Service Logic Acquisition, Inc.                                               | CUSIP: N/A<br>LEI: 25490008CFAWEVHSQF88       | Long             | LON              | CORP              | US        |    541714 | PA      | $542163.77    | 0.10%             | 2027-10-29      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                           | Scientific Games Holdings Limited Partnership/Scientific Games US FinCo, Inc. | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1535527.04   | 0.28%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                | Bank of Nova Scotia                                                           | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $794337.00    | 0.14%             | 2082-10-27      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| LERNEN US FINCO LLC                                | Cognita Ltd.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    497503 | PA      | $498746.88    | 0.09%             | 2031-10-27      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| HANGER INC                                         | Hanger, Inc.                                                                  | CUSIP: N/A<br>LEI: 254900ZJJJYVLHJXSZ60       | Long             | LON              | CORP              | US        |   1237203 | PA      | $1239529.36   | 0.22%             | 2031-10-23      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| RFNA LP                                            | Rfna, LP                                                                      | CUSIP: 74984AAA0<br>LEI: 2549002A4GSOTYKKHR45 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206990.00    | 0.04%             | 2030-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Neogen Corp                                        | Neogen Corp.                                                                  | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |      1258 | NS      | $7233.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc                              | Triumph Financial, Inc.                                                       | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |       281 | NS      | $17278.69     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Humanigen Inc                                      | Humanigen, Inc.                                                               | CUSIP: 444863203<br>LEI: 549300ILAUCQNMJQXL47 | Long             | EC               | CORP              | US        |       284 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Quaker Chemical Corp                               | Quaker Chemical Corp.                                                         | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |       157 | NS      | $22775.99     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VZ SECURED FINANCING BV                            | VZ Secured Financing B.V.                                                     | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $443999.30    | 0.08%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spero Therapeutics Inc                             | Spero Therapeutics, Inc.                                                      | CUSIP: 84833T103<br>LEI: 54930074G13LHWJT2323 | Long             | EC               | CORP              | US        |       144 | NS      | $298.08       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FS KKR CAPITAL CORP                                | FS KKR Capital Corp.                                                          | CUSIP: 302635AL1<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3177490.77   | 0.57%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LendingTree Inc                                    | LendingTree, Inc.                                                             | CUSIP: 52603B107<br>LEI: 549300ISY5YHUJZTON08 | Long             | EC               | CORP              | US        |       136 | NS      | $9241.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Avalo Therapeutics Inc                             | Avalo Therapeutics, Inc.                                                      | CUSIP: 05338F306<br>LEI: 549300GPK6FPJ3X8SZ39 | Long             | EC               | CORP              | US        |         1 | NS      | $9.29         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                          | Qorvo, Inc.                                                                   | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |      5008 | NS      | $454225.60    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sangamo Therapeutics Inc                           | Sangamo Therapeutics, Inc.                                                    | CUSIP: 800677106<br>LEI: 2549006WMRKRC4G32Z67 | Long             | EC               | CORP              | US        |      1415 | NS      | $735.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -3488788 | PA      | $-3488788.22  | -0.63%            |  |  |  | No            |                  2 | On Loan: No      |
| Intellia Therapeutics Inc                          | Intellia Therapeutics, Inc.                                                   | CUSIP: 45826J105<br>LEI: 5493002T5BCPE5DZC723 | Long             | EC               | CORP              | US        |       814 | NS      | $9242.97      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -2290582 | PA      | $-2290581.62  | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                       | Ares Loan Funding V Ltd.                                                      | CUSIP: 04020PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   1000000 | PA      | $1011618.30   | 0.18%             | 2037-07-27      | Floating      | 10.92%                | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                              | Foreign Exchange EUR/USD                                                      | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   4864000 | NC      | $16927.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                     | Whirlpool Corp.                                                               | CUSIP: 963320AV8<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $75310.93     | 0.01%             | 2046-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Climb Bio Inc                                      | Climb Bio, Inc.                                                               | CUSIP: 28658R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        41 | NS      | $91.43        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BioAtla Inc                                        | BioAtla, Inc.                                                                 | CUSIP: 09077B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        92 | NS      | $41.91        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -810933 | PA      | $-810932.51   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                             | AP Grange Holdings                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |   3500000 | PA      | $3600625.00   | 0.65%             | 2045-03-20      | Fixed         | 6.50%                 | No            |                  3 | On Loan: No      |
| ON24 Inc                                           | ON24, Inc.                                                                    | CUSIP: 68339B104<br>LEI: 254900S6S9YKYTO9Q964 | Long             | EC               | CORP              | US        |       161 | NS      | $920.92       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JACOBS HOLDING AG                                  | Cognita Ltd.                                                                  | CUSIP: N/A<br>LEI: 894500YKKF2CXAP6DR25       | Long             | LON              | CORP              | GB        |    650000 | PA      | $651625.00    | 0.12%             | 2031-10-27      | Fixed         | 7.84%                 | No            |                  2 | On Loan: No      |
| AMSPEC PARENT LLC                                  | AmSpec Parent LLC                                                             | CUSIP: N/A<br>LEI: 254900LUGRP5Z7OOV477       | Long             | LON              | CORP              | US        |    173333 | PA      | $174037.06    | 0.03%             | 2031-12-22      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| ORION US FINCO INC                                 | Orion US FinCo                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    300000 | PA      | $301983.00    | 0.05%             | 2032-05-20      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Start Ltd.                                         | Start Ltd.                                                                    | CUSIP: 85572RAB5<br>LEI: 549300VIQYFIDJQCKZ43 | Long             | ABS-O            | CORP              | BM        |    653076 | PA      | $652501.20    | 0.12%             | 2043-05-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| SunPower Corp                                      | SunPower Corp.                                                                | CUSIP: 867652406<br>LEI: 549300TXO070764WUH65 | Long             | EC               | CORP              | US        |       937 | NS      | $0.09         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CEVA Inc                                           | CEVA, Inc.                                                                    | CUSIP: 157210105<br>LEI: 529900G9T7CVU2J2VU73 | Long             | EC               | CORP              | US        |       132 | NS      | $2933.04      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMESTIC & GENERAL LTD                             | Galaxy Bidco Ltd.                                                             | CUSIP: N/A<br>LEI: 984500645A980C6A3639       | Long             | DBT              | CORP              | JE        |   1000000 | PA      | $1403655.52   | 0.25%             | 2029-12-19      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Ideanomics Inc                                     | Ideanomics, Inc.                                                              | CUSIP: 45166V205<br>LEI: 9845009A38D0B0JFB460 | Long             | EC               | CORP              | US        |        22 | NS      | $0.22         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apyx Medical Corp                                  | Apyx Medical Corp.                                                            | CUSIP: 03837C106<br>LEI: 5299009QZVYUYO082S45 | Long             | EC               | CORP              | US        |       185 | NS      | $368.15       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Trupanion Inc                                      | Trupanion, Inc.                                                               | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |       446 | NS      | $20676.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group, Inc.                                                     | CUSIP: 38144GAE1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   5000000 | NS      | $4905418.00   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| NS WIND DOWN CO INC                                | NanoString Technologies, Inc. Escrow                                          | CUSIP: N/A<br>LEI: 549300G4CK0Y3WRDMY89       | Long             | EC               | CORP              | US        |       532 | NS      | $0.05         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Neuberger Berman CLO Ltd                           | Neuberger Berman Loan Advisers CLO 57 Ltd.                                    | CUSIP: 64135YAC3<br>LEI: 2549000I5N6JRKAGRP48 | Long             | ABS-O            | CORP              | KY        |   1600000 | PA      | $1322265.28   | 0.24%             | 2038-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Absci Corp                                         | Absci Corp.                                                                   | CUSIP: 00091E109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       287 | NS      | $685.93       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc                       | National Vision Holdings, Inc.                                                | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |       969 | NS      | $22228.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HOLDINGS INC                             | Equitable Holdings, Inc.                                                      | CUSIP: 29452EAD3<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1429115.80   | 0.26%             | 2055-03-28      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| GROEP BRUSSEL LAMBERT NV                           | Affidea                                                                       | CUSIP: N/A<br>LEI: 984500F89CC5A01B8C37       | Long             | LON              | CORP              | NL        |   1250000 | PA      | $1465543.47   | 0.26%             | 2029-07-20      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                        | U.S. Treasury Bonds                                                           | CUSIP: 912803EK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1910000 | PA      | $731441.62    | 0.13%             | 2044-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORMEC 1 BV                                        | Normec 1 B.V.                                                                 | CUSIP: N/A<br>LEI: 724500QBPCBJWX2FJR30       | Long             | LON              | CORP              | NL        |   1150000 | PA      | $1352228.85   | 0.24%             | 2031-04-16      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Exponent Inc                                       | Exponent, Inc.                                                                | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |       606 | NS      | $43256.28     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                          | Foreign Exchange USD/JPY                                                      | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |    105000 | NC      | $4641.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Country Airlines Holdings                      | Sun Country Airlines Holdings, Inc.                                           | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |       187 | NS      | $2477.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CALDERYS FINANCING LLC                             | Calderys Financing LLC                                                        | CUSIP: 128786AA8<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1322943.75   | 0.24%             | 2028-06-01      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| BioLife Solutions Inc                              | BioLife Solutions, Inc.                                                       | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |        61 | NS      | $1528.05      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MAUSER PACKAGING SOLUT                             | Mauser Packaging Solutions Holding Co.                                        | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    350000 | PA      | $348395.53    | 0.06%             | 2027-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FINASTRA SUBCO LTD                                 | Finastra USA, Inc.                                                            | CUSIP: N/A<br>LEI: 549300ZB2RO6QC7YTK71       | Short            | LON              | CORP              | US        |   -113648 | PA      | $-9449.31     | -0.00%            | 2029-09-13      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -4329493 | PA      | $-4329493.29  | -0.78%            |  |  |  | No            |                  2 | On Loan: No      |
| Warner Bros Discovery Inc                          | Warner Bros Discovery, Inc.                                                   | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     10664 | NS      | $124128.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vault DI Issuer LLC                                | Vault DI Issuer LLC                                                           | CUSIP: 92243JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $634147.93    | 0.11%             | 2046-07-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| PAVmed Inc                                         | PAVmed, Inc.                                                                  | CUSIP: 70387R403<br>LEI: 549300V1JXXVXU7P8007 | Long             | EC               | CORP              | US        |        29 | NS      | $14.08        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Travere Therapeutics Inc                           | Travere Therapeutics, Inc.                                                    | CUSIP: 89422G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       348 | NS      | $6090.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Beauty Health Co/The                               | Beauty Health Co.                                                             | CUSIP: 88331L108<br>LEI: 5493001Z2JZQT4C63C50 | Long             | EC               | CORP              | US        |      1022 | NS      | $2125.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurogene Inc                                      | Neurogene, Inc.                                                               | CUSIP: 64135M105<br>LEI: 529900A7VIY892SZVW73 | Long             | EC               | CORP              | US        |        10 | NS      | $184.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| REYNOLDS AMERICAN INC                              | Reynolds American, Inc.                                                       | CUSIP: 761713BA3<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1595212.88   | 0.29%             | 2035-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| AASET 2021-2 Trust                                 | AASET Trust                                                                   | CUSIP: 00258BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    667023 | PA      | $628209.81    | 0.11%             | 2047-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                        | Bell Telephone Company of Canada or Bell Canada                               | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |   1850000 | PA      | $1889425.35   | 0.34%             | 2055-09-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| ATD CORP                                           | American Tire Distributors, Inc.                                              | CUSIP: N/A<br>LEI: HZ8T88YVE2JVXJ0BTQ24       | Long             | LON              | CORP              | US        |    175500 | PA      | $0.18         | 0.00%             | 2028-10-23      | Variable      | 11.80%                | No            |                  3 | On Loan: No      |
| CSC HOLDINGS LLC                                   | CSC Holdings LLC                                                              | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    100000 | PA      | $78813.82     | 0.01%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                          | Crocs, Inc.                                                                   | CUSIP: 227046AA7<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1545275.71   | 0.28%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                        | 1-Year/2-Year Interest Rate Swap                                              | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -2634375 | NC      | $-5942.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Korro Bio, Inc.                                    | Korro Bio, Inc.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       191 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FS Rialto Issuer Ltd                               | FS Rialto Issuer LLC                                                          | CUSIP: 30338WAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1550000 | PA      | $1546569.54   | 0.28%             | 2039-10-19      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| Alerus Financial Corp                              | Alerus Financial Corp.                                                        | CUSIP: 01446U103<br>LEI: 5493008BXLBPPELQ3G57 | Long             | EC               | CORP              | US        |        89 | NS      | $1982.03      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                             | CCO Holdings LLC / CCO Holdings Capital Corp.                                 | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2857000 | PA      | $2548329.43   | 0.46%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Centerspace                                        | Centerspace                                                                   | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |        83 | NS      | $4938.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| METIS ISSUER 2025-1 LLC                            | Metis Issuer, LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1194084.00   | 0.22%             | 2055-05-15      | Fixed         | 6.89%                 | No            |                  3 | On Loan: No      |
| CPI CG INC                                         | CPI CG, Inc.                                                                  | CUSIP: 12598FAC3<br>LEI: 254900H3R50WH1B1LB48 | Long             | DBT              | CORP              | US        |   1256000 | PA      | $1314718.00   | 0.24%             | 2029-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PRECISE BIDCO BV                                   | Precise Midco B.V.                                                            | CUSIP: N/A<br>LEI: 254900JUNTY42P1KL224       | Long             | LON              | CORP              | NL        |   1670000 | PA      | $1955894.93   | 0.35%             | 2030-11-22      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Emergent BioSolutions Inc                          | Emergent BioSolutions, Inc.                                                   | CUSIP: 29089Q105<br>LEI: 549300YW6TUOX8BE5103 | Long             | EC               | CORP              | US        |       287 | NS      | $2382.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                        | 1-Year/2-Year Interest Rate Swap                                              | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -3688125 | NC      | $-9264.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Laird Superfood Inc                                | Laird Superfood, Inc.                                                         | CUSIP: 50736T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        37 | NS      | $214.23       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STRIP PRINC                                        | U.S. Treasury Bonds                                                           | CUSIP: 912803EH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1910000 | PA      | $752389.30    | 0.14%             | 2044-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -2640570 | PA      | $-2640570.37  | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                             | NextEra Energy Capital Holdings, Inc.                                         | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    451000 | PA      | $464927.33    | 0.08%             | 2055-08-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Zevia PBC                                          | Zevia PBC                                                                     | CUSIP: 98955K104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        61 | NS      | $170.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings PLC                                | Tronox Holdings plc                                                           | CUSIP: N/A<br>LEI: 549300NRVC84SGJSXV06       | Long             | EC               | CORP              | US        |      1344 | NS      | $5752.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CIFC Funding Ltd                                   | CIFC Funding Ltd.                                                             | CUSIP: 12571HAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $1001500.40   | 0.18%             | 2035-04-21      | Floating      | 11.60%                | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                | Datix Bidco Ltd.                                                              | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Long             | LON              | CORP              | US        |     35000 | PA      | $31375.98     | 0.01%             | 2030-10-30      | Variable      | 9.54%                 | No            |                  3 | On Loan: No      |
| GURN_C                                             | Gurnet Point Capital LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       285 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cimpress PLC                                       | Cimpress plc                                                                  | CUSIP: N/A<br>LEI: 549300X1IFD75XISOR81       | Long             | EC               | CORP              | US        |       205 | NS      | $12938.58     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA Financial Inc                                  | MFA Financial, Inc.                                                           | CUSIP: 55272X607<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EC               | CORP              | US        |       649 | NS      | $6619.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |  -1297753 | PA      | $-1297753.12  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| Ziff Davis Inc                                     | Ziff Davis, Inc.                                                              | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |       508 | NS      | $19410.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |  -2479074 | PA      | $-2479074.16  | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                  | 1-Year/2-Year Interest Rate Swap                                              | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        |  -2634375 | NC      | $-11305.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RealReal Inc/The                                   | RealReal, Inc.                                                                | CUSIP: 88339P101<br>LEI: 549300O00VUGT4H1PE90 | Long             | EC               | CORP              | US        |       940 | NS      | $7172.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Omaha Corp                                  | Boston Omaha Corp.                                                            | CUSIP: 101044105<br>LEI: 54930002FEWTYF4YFF19 | Long             | EC               | CORP              | US        |       118 | NS      | $1574.12      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BREITLING HOLDINGS SARL                            | Breitling Financing SARL                                                      | CUSIP: N/A<br>LEI: 549300TABH53MDTQEP16       | Long             | LON              | CORP              | LU        |   2000000 | PA      | $2109652.51   | 0.38%             | 2028-10-25      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| City Office REIT Inc                               | City Office REIT, Inc.                                                        | CUSIP: 178587101<br>LEI: 5493003J7157VP25NL57 | Long             | EC               | CORP              | US        |       254 | NS      | $1760.22      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMSPEC PARENT LLC                                  | AmSpec Parent LLC                                                             | CUSIP: N/A<br>LEI: 254900LUGRP5Z7OOV477       | Long             | LON              | CORP              | US        |     10667 | PA      | $10709.98     | 0.00%             | 2031-12-22      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| CLAROS MORTGAGE TRUST INC                          | Claros Mortgage Trust, Inc.                                                   | CUSIP: N/A<br>LEI: 549300Z9LU2CZ3K30C16       | Long             | LON              | CORP              | US        |    337513 | PA      | $326543.76    | 0.06%             | 2026-08-09      | Variable      | 8.92%                 | No            |                  2 | On Loan: No      |
| Aspira Women's Health Inc                          | Aspira Women's Health, Inc.                                                   | CUSIP: 04537Y208<br>LEI: 54930045CGQ3XUO9T533 | Long             | EC               | CORP              | US        |        28 | NS      | $11.59        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7 Inc                                         | Rapid7, Inc.                                                                  | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |       659 | NS      | $13647.89     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toronto-Dominion Bank                          | 1-Year/2-Year Interest Rate Swap                                              | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |  -4215000 | NC      | $-17278.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ENTAIN PLC                                         | Entain Holdings (Gibraltar) Ltd.                                              | CUSIP: N/A<br>LEI: 213800ATWJIEYQ8NF838       | Long             | LON              | CORP              | GI        |   1000000 | PA      | $1173043.17   | 0.21%             | 2028-06-30      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                              | Lincoln National Corp.                                                        | CUSIP: 534187BR9<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EP               | CORP              | US        |    750000 | NS      | $812439.75    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                | NuStar Logistics, LP                                                          | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |   2043000 | PA      | $2115305.86   | 0.38%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARDIAN FRANCE SA                                   | Florida Food Products LLC                                                     | CUSIP: N/A<br>LEI: 254900J6FNIX7DTKUV52       | Long             | LON              | CORP              | US        |   2893641 | PA      | $1938739.40   | 0.35%             | 2028-10-18      | Variable      | 9.56%                 | No            |                  2 | On Loan: No      |
| Topgolf Callaway Brands Corp                       | Topgolf Callaway Brands Corp.                                                 | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |      1357 | NS      | $12972.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co.                                                             | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |    400000 | NS      | $396152.96    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Hydrofarm Holdings Group Inc                       | Hydrofarm Holdings Group, Inc.                                                | CUSIP: 44888K407<br>LEI: 5493005Y60YG0W2FYJ83 | Long             | EC               | CORP              | US        |        46 | NS      | $219.88       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| G HOLDINGS INC                                     | Wr Grace Holdings LLC                                                         | CUSIP: N/A<br>LEI: 549300WNOVFRGYOAEB12       | Long             | LON              | CORP              | US        |    850000 | PA      | $848937.50    | 0.15%             | 2032-08-11      | Variable      | 7.19%                 | No            |                  2 | On Loan: No      |
| AI AQUA MERGER SUB INC                             | Culligan                                                                      | CUSIP: N/A<br>LEI: 5493005QMH1D47U26R45       | Long             | LON              | CORP              | US        |   1240648 | PA      | $1240710.45   | 0.22%             | 2028-07-31      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                          | 9-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |  -8780000 | NC      | $-48696.34    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Northfield Bancorp Inc                             | Northfield Bancorp, Inc.                                                      | CUSIP: 66611T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       258 | NS      | $3057.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Superior Group of Cos Inc                          | Superior Group of Companies, Inc.                                             | CUSIP: 868358102<br>LEI: UOX145EEO0TB0ZWX2152 | Long             | EC               | CORP              | US        |        69 | NS      | $906.66       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Aerogels Inc                                 | Aspen Aerogels, Inc.                                                          | CUSIP: 04523Y105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       263 | NS      | $1798.92      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HANESBRANDS INC                                    | Hanesbrands, Inc.                                                             | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |    550000 | PA      | $584704.45    | 0.11%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Office Properties Income Trust                     | Office Properties Income Trust                                                | CUSIP: 67623C109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       281 | NS      | $59.97        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank plc                                  | CURRENCY CONTRACT - Rec USD / Deliver EUR                                     | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |    -24000 | NC      | $-138.69      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Domo Inc                                           | Domo, Inc.                                                                    | CUSIP: 257554105<br>LEI: 549300X57AGT5JULJ761 | Long             | EC               | CORP              | US        |       330 | NS      | $4844.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazydays Holdings Inc                              | Lazydays Holdings, Inc.                                                       | CUSIP: 52110H209<br>LEI: 5493006PPWVM3TDVJH23 | Long             | EC               | CORP              | US        |         1 | NS      | $4.31         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc                             | Power Integrations, Inc.                                                      | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |       691 | NS      | $31164.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Conn's Inc                                         | Conn's, Inc.                                                                  | CUSIP: 208242107<br>LEI: 529900K9HOACKOJJT953 | Long             | EC               | CORP              | US        |       106 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| QUIKRETE HOLDINGS INC                              | Quikrete Holdings, Inc.                                                       | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    700000 | PA      | $725572.40    | 0.13%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Kestrel Group Ltd                                  | Kestrel Group Ltd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        20 | NS      | $539.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -639851 | PA      | $-639850.95   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                               | FirstKey Homes Trust                                                          | CUSIP: 33767JBE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1093912.05   | 0.20%             | 2037-10-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RadNet Inc                                         | RadNet, Inc.                                                                  | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |         9 | NS      | $631.56       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Acutus Medical Inc                                 | Acutus Medical, Inc.                                                          | CUSIP: 005111109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       113 | NS      | $0.09         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                           | British Telecommunications plc                                                | CUSIP: 11102AAG6<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $4693374.50   | 0.85%             | 2081-11-23      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Structured                     | Castlelake Aircraft Securitization Trust                                      | CUSIP: 14856CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    146033 | PA      | $142146.59    | 0.03%             | 2043-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Coursera Inc                                       | Coursera, Inc.                                                                | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               | CORP              | US        |       851 | NS      | $9786.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAIL Inc                                          | GRAIL, Inc.                                                                   | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Long             | EC               | CORP              | US        |       274 | NS      | $8984.46      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| F45 Training Holdings Inc                          | F45 Training Holdings, Inc.                                                   | CUSIP: 30322L101<br>LEI: 549300W3HC5NKPWXMK72 | Long             | EC               | CORP              | US        |       176 | NS      | $14.10        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co.                                                          | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   1350000 | NS      | $1386548.55   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                     | Public Storage                                                                | CUSIP: 74460W396<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     58000 | NS      | $961060.00    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Duluth Holdings Inc                                | Duluth Holdings, Inc.                                                         | CUSIP: 26443V101<br>LEI: 549300B6G8G3WGHFYU15 | Long             | EC               | CORP              | US        |        72 | NS      | $163.44       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pursuit Attractions and Hospit                     | Pursuit Attractions and Hospitality, Inc.                                     | CUSIP: 92552R406<br>LEI: 549300PXU4ZW7LPO5Y40 | Long             | EC               | CORP              | US        |       120 | NS      | $4476.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Arteris Inc                                        | Arteris, Inc.                                                                 | CUSIP: 04302A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        29 | NS      | $273.18       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group Inc                                  | Upbound Group, Inc.                                                           | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |       773 | NS      | $19641.93     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Obligations C                     | Dreyfus Treasury Obligations Cash Management Fund - Institutional Shares      | CUSIP: N/A<br>LEI: 549300MKKM9KT7BF6329       | Long             | STIV             | RF                | US        |    232380 | NS      | $232380.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Direct Lending CLO LLC                        | Ares Direct Lending CLO 2 LLC                                                 | CUSIP: 04021CAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1500000 | PA      | $1532397.90   | 0.28%             | 2036-10-20      | Floating      | 8.23%                 | No            |                  2 | On Loan: No      |
| First Financial Bankshares Inc                     | First Financial Bankshares, Inc.                                              | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |      1517 | NS      | $56386.89     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANZ SE                                         | Allianz SE                                                                    | CUSIP: 018820AE0<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |   1400000 | PA      | $1426810.00   | 0.26%             | N/A             | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                 | Lightning A                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   8500000 | PA      | $7929395.00   | 1.43%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Ashford Hospitality Trust Inc                      | Ashford Hospitality Trust, Inc.                                               | CUSIP: 044103794<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        10 | NS      | $59.90        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -2796676 | PA      | $-2796676.21  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| CASPER TOPCO SAS                                   | B&B Hotels                                                                    | CUSIP: N/A<br>LEI: 969500OUD0VB2606MD53       | Long             | LON              | CORP              | FR        |   1300000 | PA      | $1523541.59   | 0.27%             | 2031-03-21      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| MERLIN BUYER INC                                   | Merlin Buyer, Inc.                                                            | CUSIP: N/A<br>LEI: 2549008CJ699WXZAWW31       | Long             | LON              | CORP              | US        |   3192750 | PA      | $3162163.46   | 0.57%             | 2028-12-14      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| Entravision Communications Cor                     | Entravision Communications Corp.                                              | CUSIP: 29382R107<br>LEI: 549300SKHY2ALCLKV539 | Long             | EC               | CORP              | US        |       358 | NS      | $927.22       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                               | LXP Industrial Trust                                                          | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |      3282 | NS      | $29800.56     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| 8x8 Inc                                            | 8x8, Inc.                                                                     | CUSIP: 282914100<br>LEI: 254900XWSOC5U1BRW939 | Long             | EC               | CORP              | US        |      1327 | NS      | $2627.46      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Portillo's Inc                                     | Portillo's, Inc.                                                              | CUSIP: 73642K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       136 | NS      | $962.88       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBE HEALTHCARE EUROPE BIDCO                       | Domidep                                                                       | CUSIP: N/A<br>LEI: 969500AYUH6YXBLGCX31       | Long             | LON              | CORP              | FR        |   1000000 | PA      | $1174025.97   | 0.21%             | 2029-10-24      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Cracker Barrel Old Country Sto                     | Cracker Barrel Old Country Store, Inc.                                        | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | EC               | CORP              | US        |       278 | NS      | $16629.96     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Senseonics Holdings Inc                            | Senseonics Holdings, Inc.                                                     | CUSIP: 81727U105<br>LEI: 549300RCH6Z07TBHJ258 | Long             | EC               | CORP              | US        |      5152 | NS      | $2367.34      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Ltd Duration Incom                     | Eaton Vance Limited Duration Income Fund                                      | CUSIP: 27828H105<br>LEI: NZ7KR43H6Z5W1GY0QX46 | Long             | EC               | RF                | US        |    309597 | NS      | $3195041.04   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| GC TWO HOLDINGS INC                                | Aretec Group, Inc.                                                            | CUSIP: N/A<br>LEI: 549300NV2T8A33L0PQ58       | Long             | LON              | CORP              | US        |   1382069 | PA      | $1382690.65   | 0.25%             | 2030-08-09      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Compass Minerals International                     | Compass Minerals International, Inc.                                          | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |       200 | NS      | $3810.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Astrana Health Inc                                 | Astrana Health, Inc.                                                          | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |       442 | NS      | $14126.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Atomera Inc                                        | Atomera, Inc.                                                                 | CUSIP: 04965B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       120 | NS      | $393.60       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Inseego Corp                                       | Inseego Corp.                                                                 | CUSIP: 45782B302<br>LEI: 549300E27VG1NWGNA141 | Long             | EC               | CORP              | US        |        49 | NS      | $604.17       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LONESTAR INTERMEDIATE SUPER HOLDINGS LLC           | Asurion LLC                                                                   | CUSIP: N/A<br>LEI: 549300KNQVXGIOXWK278       | Long             | LON              | CORP              | US        |    893250 | PA      | $881387.64    | 0.16%             | 2030-09-19      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                        | Uniform MBS 30 Year                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   9700000 | PA      | $9747006.20   | 1.76%             | 2025-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                           | Liberty Mutual Group, Inc.                                                    | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $3304258.60   | 0.60%             | 2061-02-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Standard Motor Products Inc                        | Standard Motor Products, Inc.                                                 | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |       124 | NS      | $4812.44      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp                                      | Renasant Corp.                                                                | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |       120 | NS      | $4695.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR Residential REIT Inc                        | ARMOUR Residential REIT, Inc.                                                 | CUSIP: 042315705<br>LEI: 549300K0WA0EJUX74V72 | Long             | EC               | CORP              | US        |       103 | NS      | $1576.93      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sleep Number Corp                                  | Sleep Number Corp.                                                            | CUSIP: 83125X103<br>LEI: 529900W0TZQLBT2DSS66 | Long             | EC               | CORP              | US        |       260 | NS      | $2737.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CLIFFWATER LLC                                     | Cliffwater LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -130000 | PA      | $0.00         | 0.00%             | 2032-03-19      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| Ryvyl Inc                                          | Ryvyl, Inc.                                                                   | CUSIP: 39366L307<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        11 | NS      | $3.30         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPHALT BUYER II LLC                               | Asphalt Intermediate Holdco, LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |      1071 | NS      | $2370.14      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ESSENDI SA                                         | AccorInvest Group S.A.                                                        | CUSIP: N/A<br>LEI: 2221000MD2YP7WLTNC52       | Long             | DBT              | CORP              | LU        |    650000 | PA      | $775165.94    | 0.14%             | 2032-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                                   | Enstar Group Ltd.                                                             | CUSIP: 29359UAD1<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |    650000 | PA      | $677409.20    | 0.12%             | 2045-04-01      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                     | Carlyle Global Market Strategies                                              | CUSIP: 14318KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2250000 | PA      | $2249916.08   | 0.41%             | 2035-04-15      | Floating      | 11.67%                | No            |                  2 | On Loan: No      |
| Diamond Hill Investment Group                      | Diamond Hill Investment Group, Inc.                                           | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |        17 | NS      | $2477.92      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EBET Inc                                           | EBET, Inc.                                                                    | CUSIP: 278700208<br>LEI: 549300SFUTRB5C1ZRU05 | Long             | EC               | CORP              | US        |         3 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| European Wax Center Inc                            | European Wax Center, Inc.                                                     | CUSIP: 29882P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       150 | NS      | $643.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WW International Inc                               | WW International, Inc.                                                        | CUSIP: 98262P200<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | EC               | CORP              | US        |      7382 | NS      | $235411.98    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                           | TK Elevator US Newco, Inc.                                                    | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |   2630000 | PA      | $2622538.16   | 0.47%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fisker Inc                                         | Fisker, Inc.                                                                  | CUSIP: 33813J106<br>LEI: 549300UUN5RWU44MBX79 | Long             | EC               | CORP              | US        |      1915 | NS      | $1.34         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BlackLine Inc                                      | BlackLine, Inc.                                                               | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |       633 | NS      | $34416.21     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MeiraGTx Holdings plc                              | MeiraGTx Holdings plc                                                         | CUSIP: N/A<br>LEI: 54930007YV6NYIOGFZ57       | Long             | EC               | CORP              | US        |       177 | NS      | $1292.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                             | Anglo American Capital plc                                                    | CUSIP: 034863AW0<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |   1050000 | PA      | $1097590.59   | 0.20%             | 2030-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                             | Venture Global LNG, Inc.                                                      | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |    550000 | NS      | $546172.99    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Douglas Dynamics Inc                               | Douglas Dynamics, Inc.                                                        | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |       134 | NS      | $4511.78      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Mortgage Loan Trust                      | Citigroup Mortgage Loan Trust, Inc.                                           | CUSIP: 17330VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    338117 | PA      | $339026.65    | 0.06%             | 2062-09-25      | Variable      | 9.17%                 | No            |                  2 | On Loan: No      |
| Noodles & Co                                       | Noodles & Co.                                                                 | CUSIP: 65540B105<br>LEI: 5299003PCPK4UINV4362 | Long             | EC               | CORP              | US        |       242 | NS      | $172.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC FIN SVCS INC                              | PennyMac Financial Services, Inc.                                             | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    300000 | PA      | $318867.90    | 0.06%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FARMERS INS EXCH                                   | Farmers Insurance Exchange                                                    | CUSIP: 309601AG7<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |    590000 | PA      | $599752.70    | 0.11%             | 2064-10-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                             | AP Grange Holdings                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    400000 | PA      | $404000.00    | 0.07%             | 2045-03-20      | Fixed         | 5.00%                 | No            |                  3 | On Loan: No      |
| ILLUMINATE BUYER/HLDG                              | Illuminate Buyer LLC / Illuminate Holdings IV, Inc.                           | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1850653.05   | 0.33%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Gentherm Inc                                       | Gentherm, Inc.                                                                | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |       390 | NS      | $14340.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LVNV FUNDING LLC                                   | LVNV Funding LLC                                                              | CUSIP: N/A<br>LEI: 549300YMNWAZ7DKR6204       | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1232136.00   | 0.22%             | 2029-06-12      | Fixed         | 6.84%                 | No            |                  3 | On Loan: No      |
| Werewolf Therapeutics Inc                          | Werewolf Therapeutics, Inc.                                                   | CUSIP: 95075A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       153 | NS      | $200.43       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Erasca Inc                                         | Erasca, Inc.                                                                  | CUSIP: 29479A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       335 | NS      | $525.95       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LEVEL 3 FINANCING INC                              | Level 3 Financing, Inc.                                                       | CUSIP: 527298CH4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1440500.00   | 0.26%             | 2031-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE                             | Brundage-Bone Concrete Pumping Holdings, Inc.                                 | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1346967.77   | 0.24%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TrueBlue Inc                                       | TrueBlue, Inc.                                                                | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       205 | NS      | $1223.85      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hotwire Funding LLC                                | Hotwire Funding LLC                                                           | CUSIP: 44148JAC3<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   7700000 | PA      | $7542326.33   | 1.36%             | 2051-11-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Stanley Black & Decker Inc                         | Stanley Black & Decker, Inc.                                                  | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |      1746 | NS      | $129710.34    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                                        | Invesco Ltd.                                                                  | CUSIP: N/A<br>LEI: ECPGFXU8A2SHKVVGJI15       | Long             | EC               | CORP              | US        |     29197 | NS      | $639122.33    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Switch ABS Issuer, LLC                             | Switch ABS Issuer LLC                                                         | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1413451.34   | 0.25%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Waterstone Financial Inc                           | Waterstone Financial, Inc.                                                    | CUSIP: 94188P101<br>LEI: 5493002KM21XRC2DCQ02 | Long             | EC               | CORP              | US        |       128 | NS      | $1918.72      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.    | S&P 500 Index                                                                 | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -7 | NC      | $-26285.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| FCG ACQUISITIONS INC                               | FCG Acquisitions, Inc.                                                        | CUSIP: N/A<br>LEI: 254900BHD5AK9H7EKF91       | Long             | LON              | CORP              | US        |    692931 | PA      | $693872.98    | 0.13%             | 2028-03-31      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Sunnova Energy International I                     | Sunnova Energy International, Inc.                                            | CUSIP: 86745K104<br>LEI: 549300JK1Y1VVC3JU540 | Long             | EC               | CORP              | US        |      1009 | NS      | $0.20         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                       | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -2135589 | PA      | $-2135589.00  | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                           | New Enterprise Stone & Lime Company, Inc.                                     | CUSIP: 644274AH5<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    291000 | PA      | $287645.64    | 0.05%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SGH2 LLC                                           | Scenic Cruises                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    900000 | PA      | $900027.00    | 0.16%             | 2032-07-19      | Variable      | 8.51%                 | No            |                  2 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding 52 LLC                                                  | CUSIP: 15675MAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.36%             | 2037-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rubius Therapeutics Inc                            | Rubius Therapeutics, Inc.                                                     | CUSIP: 78116T103<br>LEI: 549300ER84PB0QV6HZ76 | Long             | EC               | CORP              | US        |       547 | NS      | $31.18        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| COMPASS MINERALS INTERNA                           | Compass Minerals International, Inc.                                          | CUSIP: 20451NAG6<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    583000 | PA      | $582583.68    | 0.11%             | 2027-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| THEVELIA US LLC                                    | Thevelia US LLC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    896350 | PA      | $898214.41    | 0.16%             | 2029-06-18      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                 | Lightning B                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1030700.00   | 0.19%             | 2037-03-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| OmniAb Inc                                         | OmniAb, Inc.                                                                  | CUSIP: 68218J103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       867 | NS      | $1387.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAL HOLDCO LLC                                 | Central Parent LLC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    524773 | PA      | $437902.08    | 0.08%             | 2029-07-06      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                  | 1-Year/2-Year Interest Rate Swap                                              | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        |  -2634375 | NC      | $-5942.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kodiak Sciences Inc                                | Kodiak Sciences, Inc.                                                         | CUSIP: 50015M109<br>LEI: 254900IXI5NI8C9OQE24 | Long             | EC               | CORP              | US        |       399 | NS      | $3606.96      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptimmune Therapeutics Plc                       | Adaptimmune Therapeutics plc                                                  | CUSIP: 00653A107<br>LEI: 549300UUNWK8TRT5EW12 | Long             | EC               | CORP              | GB        |       273 | NS      | $16.08        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -1012160 | PA      | $-1012160.03  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| Project Silver                                     | Project Silver                                                                | CUSIP: 827304AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1380608 | PA      | $1336387.00   | 0.24%             | 2044-07-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -247080 | PA      | $-247080.47   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| LLY_CV                                             | Eli Lilly & Co.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |         6 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Zebra Technologies Corp                            | Zebra Technologies Corp.                                                      | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      1317 | NS      | $417607.53    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WR GRACE HOLDING LLC                               | WR Grace Holdings LLC                                                         | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    164000 | PA      | $162680.44    | 0.03%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                        | Foreign Exchange EUR/USD                                                      | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DFE              |  | US        |    338000 | NC      | $8.54         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Q32 Bio Inc                                        | Q32 Bio, Inc.                                                                 | CUSIP: 746964105<br>LEI: 549300RWKPJEFTM3K452 | Long             | EC               | CORP              | US        |        13 | NS      | $22.23        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -203511 | PA      | $-203510.62   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | Markit iBoxx USD Liquid Leveraged Loans Total Return Index                    | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DCR              |  | US        |  10000000 | NC      | $292373.70    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Hilltop Holdings Inc                               | Hilltop Holdings, Inc.                                                        | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |       362 | NS      | $12698.96     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WABASH NATIONAL CORP                               | Wabash National Corp.                                                         | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1606112.73   | 0.29%             | 2028-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Skyworks Solutions Inc                             | Skyworks Solutions, Inc.                                                      | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |      4710 | NS      | $352967.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup, Inc.                                                               | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   5000000 | NS      | $4880074.00   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| NIDDA TOPCO SARL                                   | Nidda Healthcare Holding GmbH                                                 | CUSIP: N/A<br>LEI: 549300Q89C4WAO6L0L19       | Long             | LON              | CORP              | DE        |   1800000 | PA      | $2107328.89   | 0.38%             | 2030-02-21      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                            | Goldman Sachs & Co. LLC                                                       | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |   -451534 | PA      | $-451533.75   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding XLVI, LP                                                | CUSIP: 15675BAD9<br>LEI: 635400QFSCXQUKSANU86 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1009018.70   | 0.18%             | 2036-07-15      | Floating      | 9.27%                 | No            |                  2 | On Loan: No      |
| Athira Pharma Inc                                  | Athira Pharma, Inc.                                                           | CUSIP: 04746L104<br>LEI: 529900CSS4S4X8VY5C81 | Long             | EC               | CORP              | US        |       192 | NS      | $74.61        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VERSUNI GROUP BV                                   | Nobel Bidco B.V.                                                              | CUSIP: N/A<br>LEI: 549300NZZFLYK83VVT71       | Long             | DBT              | CORP              | NL        |    550000 | PA      | $623317.70    | 0.11%             | 2028-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                        | Foreign Exchange USD/JPY                                                      | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |   1381000 | NC      | $25571.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Orchid Island Capital Inc                          | Orchid Island Capital, Inc.                                                   | CUSIP: 68571X301<br>LEI: 549300KBIHGT19K9DY89 | Long             | EC               | CORP              | US        |       158 | NS      | $1115.48      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Inotiv Inc                                         | Inotiv, Inc.                                                                  | CUSIP: 45783Q100<br>LEI: 549300FH5Z13X0Q5SK81 | Long             | EC               | CORP              | US        |        99 | NS      | $167.31       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                           | AmeriTex HoldCo Intermediate LLC                                              | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    950000 | PA      | $980222.09    | 0.18%             | 2033-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                 | Osaic Holdings, Inc.                                                          | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254726.75    | 0.05%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Rocket Cos Inc                                     | Rocket Companies, Inc.                                                        | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       963 | NS      | $17112.51     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                             | Level 3 Financing, Inc.                                                       | CUSIP: N/A<br>LEI: 254900AE5FEFIJOXWL19       | Long             | LON              | CORP              | US        |    380000 | PA      | $381504.80    | 0.07%             | 2032-03-21      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.    | S&P 500 Index                                                                 | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -7 | NC      | $-27125.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| West BanCorp Inc                                   | West BanCorp, Inc.                                                            | CUSIP: 95123P106<br>LEI: 549300GKFOINCHIYU666 | Long             | EC               | CORP              | US        |        95 | NS      | $1896.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITE CAP SUPPLY HOLDINGS LLC                      | White Cap Supply Holdings LLC                                                 | CUSIP: N/A<br>LEI: 254900L2N0T6GULCL366       | Long             | LON              | CORP              | US        |    643379 | PA      | $643443.73    | 0.12%             | 2029-10-19      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Sutro Biopharma Inc                                | Sutro Biopharma, Inc.                                                         | CUSIP: 869367102<br>LEI: 5493005U6P15VD25P851 | Long             | EC               | CORP              | US        |       517 | NS      | $443.12       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Contra Mallinckro                                  | Contra Mallinckro                                                             | CUSIP: 292CNT011<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       582 | NS      | $56454.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -2730383 | PA      | $-2730383.12  | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| Teads Holding Co                                   | Teads Holding Co.                                                             | CUSIP: 69002R103<br>LEI: 549300TNEHRXPVGWVW07 | Long             | EC               | CORP              | US        |       127 | NS      | $222.25       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Ride Inc                                        | Nu Ride, Inc.                                                                 | CUSIP: 54405Q209<br>LEI: 5493000HCHF3YP6AGZ15 | Long             | EC               | CORP              | US        |        60 | NS      | $127.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OPKO Health Inc                                    | OPKO Health, Inc.                                                             | CUSIP: 68375N103<br>LEI: 529900A4S2D4OGOJLL02 | Long             | EC               | CORP              | US        |      2343 | NS      | $3233.34      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fate Therapeutics Inc                              | Fate Therapeutics, Inc.                                                       | CUSIP: 31189P102<br>LEI: 549300L14Q4UHOODLA90 | Long             | EC               | CORP              | US        |       948 | NS      | $985.92       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEGRATED POWER SERVICES HOLDINGS INC             | Integrated Power Services Holdings, Inc.                                      | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -629321 | PA      | $-1453.32     | -0.00%            | 2028-11-22      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| Bank of America, N.A.                              | Foreign Exchange EUR/USD                                                      | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   4350000 | NC      | $14891.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                               | Bank of America Corp.                                                         | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1650000 | NS      | $1611747.23   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                               | FirstKey Homes Trust                                                          | CUSIP: 33767JBA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $695359.28    | 0.13%             | 2037-10-19      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Sorrento Therapeutics Inc                          | Sorrento Therapeutics, Inc.                                                   | CUSIP: 83587F202<br>LEI: 549300RH23PRR3M13410 | Long             | EC               | CORP              | US        |      3481 | NS      | $20.89        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CRETACEOUS MIDCO LTD                               | ContourGlobal Power Holdings S.A.                                             | CUSIP: N/A<br>LEI: 549300O5AGIFK0PQ1516       | Long             | DBT              | CORP              | LU        |    800000 | PA      | $957673.83    | 0.17%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shift Technologies Inc                             | Shift Technologies, Inc.                                                      | CUSIP: 82452T305<br>LEI: 5493000DBZBX1I1QVY71 | Long             | EC               | CORP              | US        |       102 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WHIRLPOOL CORP                                     | Whirlpool Corp.                                                               | CUSIP: 963320AZ9<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    300000 | PA      | $278669.34    | 0.05%             | 2032-05-14      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Tectonic Therapeutic Inc                           | Tectonic Therapeutic, Inc.                                                    | CUSIP: 878972108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        18 | NS      | $459.72       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -685232 | PA      | $-685231.71   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                             | Cloud Software Group, Inc.                                                    | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1678255.02   | 0.30%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Owens & Minor Inc                                  | Owens & Minor, Inc.                                                           | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |       718 | NS      | $3518.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | 9-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -8780000 | NC      | $-48696.34    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Beam Therapeutics Inc                              | Beam Therapeutics, Inc.                                                       | CUSIP: 07373V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       596 | NS      | $9750.56      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Finance Of America Cos Inc                         | Finance of America Companies, Inc.                                            | CUSIP: 31738L206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        10 | NS      | $267.10       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp                                     | JBT Marel Corp.                                                               | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |       366 | NS      | $52444.14     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOTS GROUP BIDCO LTD                              | Boots Group Finco L.P.                                                        | CUSIP: N/A<br>LEI: 254900YVLYOVF1PF1N93       | Long             | DBT              | CORP              | US        |    500000 | PA      | $689647.11    | 0.12%             | 2032-08-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Macy's Inc                                         | Macy's, Inc.                                                                  | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |      3538 | NS      | $46807.74     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLEGREEN IRELAND INVESTMENTS FINANCE LIMITED     | Applegreen Limited                                                            | CUSIP: N/A<br>LEI: 635400WZG99GZGAOAM29       | Long             | LON              | CORP              | IE        |   1400000 | PA      | $1653693.69   | 0.30%             | 2032-01-23      | Variable      | 7.03%                 | No            |                  2 | On Loan: No      |
| Cardlytics Inc                                     | Cardlytics, Inc.                                                              | CUSIP: 14161W105<br>LEI: 549300JETJBH94EIPC66 | Long             | EC               | CORP              | US        |       382 | NS      | $389.64       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CytoSorbents Corp                                  | CytoSorbents Corp.                                                            | CUSIP: 23283X206<br>LEI: 549300VI8WO8GK5QK793 | Long             | EC               | CORP              | US        |       245 | NS      | $231.13       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Inc/TX                                    | Citizens, Inc.                                                                | CUSIP: 174740100<br>LEI: 549300Z39SMLUE3VF522 | Long             | EC               | CORP              | US        |       297 | NS      | $1571.13      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Quince Therapeutics Inc                            | Quince Therapeutics, Inc.                                                     | CUSIP: 22053A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       118 | NS      | $188.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AquaBounty Technologies Inc                        | AquaBounty Technologies, Inc.                                                 | CUSIP: 03842K309<br>LEI: 549300TOJ0S836KCH094 | Long             | EC               | CORP              | US        |        17 | NS      | $20.06        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| POWERGRID VEGETATION SERVICES LLC                  | Powergrid Services LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -201461 | PA      | $0.00         | 0.00%             | 2032-03-31      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| Bank of America, N.A.                              | Foreign Exchange EUR/USD                                                      | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   5872000 | NC      | $136.59       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Taysha Gene Therapies Inc                          | Taysha Gene Therapies, Inc.                                                   | CUSIP: 877619106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       133 | NS      | $388.36       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| InfuSystem Holdings Inc                            | InfuSystem Holdings, Inc.                                                     | CUSIP: 45685K102<br>LEI: 549300F58N8PHJ4QUI59 | Long             | EC               | CORP              | US        |       108 | NS      | $1164.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STUDENT TRANSPORTATION OF AMERICA HOLDINGS INC     | Student Transportation Of America Holdings, Inc.                              | CUSIP: N/A<br>LEI: 549300O4G48RRYGSD439       | Long             | LON              | CORP              | US        |      2133 | PA      | $2140.01      | 0.00%             | 2032-06-24      | Variable      | 7.56%                 | No            |                  2 | On Loan: No      |
| Natixis SA                                         | Natixis SA                                                                    | CUSIP: N/A<br>LEI: KX1WK48MPD4Y2NCUIZ63       | Short            | RA               | CORP              | FR        |  -2091052 | PA      | $-2091051.62  | -0.38%            |  |  |  | No            |                  2 | On Loan: No      |
| Cassava Sciences Inc                               | Cassava Sciences, Inc.                                                        | CUSIP: 14817C107<br>LEI: 529900XA0UG5JXABYF08 | Long             | EC               | CORP              | US        |       448 | NS      | $1021.44      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR PACIFIC HOLDINGS INC                           | Par Petroleum LLC                                                             | CUSIP: N/A<br>LEI: 984500CCF05C2FB39F45       | Long             | LON              | CORP              | US        |    575796 | PA      | $574500.08    | 0.10%             | 2030-02-28      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                           | MB2 Dental Solutions LLC                                                      | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Short            | LON              | CORP              | US        |   -423307 | PA      | $-672.09      | -0.00%            | 2031-02-13      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| BNP Paribas                                        | 6-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -2634375 | NC      | $-10588.40    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Signet Jewelers Ltd                                | Signet Jewelers Ltd.                                                          | CUSIP: N/A<br>LEI: 549300N3XPGE91WV7M22       | Long             | EC               | CORP              | US        |       620 | NS      | $54591.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Denny's Corp                                       | Denny's Corp.                                                                 | CUSIP: 24869P104<br>LEI: 54930037V56XOULXM917 | Long             | EC               | CORP              | US        |       362 | NS      | $1654.34      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -2246686 | PA      | $-2246686.19  | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| Cue Health Inc                                     | Cue Health, Inc.                                                              | CUSIP: 229790100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        85 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolve Group Inc                                  | Revolve Group, Inc.                                                           | CUSIP: 76156B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       420 | NS      | $9395.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| B&G Foods Inc                                      | B&G Foods, Inc.                                                               | CUSIP: 05508R106<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | EC               | CORP              | US        |       375 | NS      | $1691.25      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp                     | Metropolitan Bank Holding Corp.                                               | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        57 | NS      | $4525.23      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Anywhere Real Estate Inc                           | Anywhere Real Estate, Inc.                                                    | CUSIP: 75605Y106<br>LEI: 5493004HBTOTE9DI9P12 | Long             | EC               | CORP              | US        |       675 | NS      | $4124.25      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Street Properties Cor                     | Franklin Street Properties Corp.                                              | CUSIP: 35471R106<br>LEI: 549300STLK2T6QY5WO82 | Long             | EC               | CORP              | US        |       595 | NS      | $987.70       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Inovio Pharmaceuticals Inc                         | Inovio Pharmaceuticals, Inc.                                                  | CUSIP: 45773H409<br>LEI: 529900B9W875XDZXTM97 | Long             | EC               | CORP              | US        |       205 | NS      | $485.85       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Repay Holdings Corp                                | Repay Holdings Corp.                                                          | CUSIP: 76029L100<br>LEI: 2549006EJ42T73ZKUI98 | Long             | EC               | CORP              | US        |       507 | NS      | $3001.44      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank                              | CURRENCY CONTRACT - Rec GBP / Deliver USD                                     | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DFE              |  | US        |     10000 | NC      | $38.53        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.    | S&P 500 Index                                                                 | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -7 | NC      | $-40950.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Ouster Inc                                         | Ouster, Inc.                                                                  | CUSIP: 68989M202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       112 | NS      | $3195.36      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS L                           | RenaissanceRe Holdings Ltd.                                                   | CUSIP: EP0599001<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |     38000 | NS      | $622060.00    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| iBio Inc                                           | iBio, Inc.                                                                    | CUSIP: 451033708<br>LEI: 529900EW4RXUITGKUT34 | Long             | EC               | CORP              | US        |         2 | NS      | $1.64         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                       | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -1374548 | PA      | $-1374548.41  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| Commerce.com Inc                                   | Commerce.com, Inc.                                                            | CUSIP: 08975P108<br>LEI: 549300MOVEFQ78DMPG58 | Long             | EC               | CORP              | US        |       567 | NS      | $2636.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co.                                                             | CUSIP: 95002Y202<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |    139386 | NS      | $2489433.96   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Plymouth Industrial REIT Inc                       | Plymouth Industrial REIT, Inc.                                                | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       182 | NS      | $4004.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toronto-Dominion Bank                          | 9-Month/5-Year Interest Rate Swap                                             | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |   8780000 | NC      | $142091.13    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Exagen Inc                                         | Exagen, Inc.                                                                  | CUSIP: 30068X103<br>LEI: 549300JV2CYDOME5OO17 | Long             | EC               | CORP              | US        |        61 | NS      | $601.46       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Securities Ca                     | Dreyfus Treasury Securities Cash Management Fund - Institutional Shares       | CUSIP: N/A<br>LEI: 549300U78VESCW509025       | Long             | STIV             | RF                | US        |  12306561 | NS      | $13306561.23  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide Inc                           | Wolverine World Wide, Inc.                                                    | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |       954 | NS      | $30470.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HPS Private Credit CLO                             | HPS Private Credit CLO LLC                                                    | CUSIP: 40445YAG9<br>LEI: 254900WC9JHPFFXUKB77 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1007318.80   | 0.18%             | 2037-07-20      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| Arcus Biosciences Inc                              | Arcus Biosciences, Inc.                                                       | CUSIP: 03969F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       526 | NS      | $5570.34      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                            | Global Partners Limited Partnership / GLP Finance Corp.                       | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $684049.05    | 0.12%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Start Ltd.                                         | Start Ltd.                                                                    | CUSIP: 85572RAA7<br>LEI: 549300VIQYFIDJQCKZ43 | Long             | ABS-O            | CORP              | BM        |    895901 | PA      | $895453.33    | 0.16%             | 2043-05-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| Varex Imaging Corp                                 | Varex Imaging Corp.                                                           | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Long             | EC               | CORP              | US        |       224 | NS      | $2587.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Guggenheim Active Allocation Fund

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO