# EDGAR Filing Document

**Accession Number:** 0000835620
**File Stem:** 0001410368-25-032202
**Filing Date:** 2025-11
**Character Count:** 1785982
**Document Hash:** cecac2973f68a0e179150a5739a3788b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-032202.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-032202

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Strategic Global Bond Fund, Inc.
- **CENTRAL INDEX KEY:** 0000835620

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05603
- **FILM NUMBER:** 251525942

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK WORLD INCOME FUND, INC.
- **DATE OF NAME CHANGE:** 20061002

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH WORLD INCOME FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WORLD INCOME FUND INC
- **DATE OF NAME CHANGE:** 19910916

## Series and Classes Contracts Data

### BlackRock Strategic Global Bond Fund, Inc. (Series ID: S000002866)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007879 | Investor A    |  |
| C000007882 | Institutional |  |
| C000038980 | Investor C    |  |
| C000162768 | Class K       |  |

## Nport-Ex

September 30, 2025

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

**BlackRock Strategic Global Bond Fund, Inc.**<br>

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

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Consolidated Schedule of Investments (unaudited)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par* <br>*(000)*<br>| *Value* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| **Australia**<sup>(b)</sup> **— 0.1%** | **Australia**<sup>(b)</sup> **— 0.1%** | **Australia**<sup>(b)</sup> **— 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Latitude Australia Credit Card Master Trust, <br> Series 2025-1, Class A, (1-Month BBSW + 1.15%), <br> 4.69%, 11/23/37<sup>(a)</sup><br>| AUD | 500 | &nbsp;&nbsp; $331717 |
| &nbsp;&nbsp;&nbsp; Metro Finance Trust, Series 2025-1, Class A, (1-Month <br> BBSW + 1.17%), 4.71%, 10/15/31<br>|  | 435 | &nbsp;&nbsp; 288705 |
| &nbsp;&nbsp;&nbsp; Panorama Auto Trust, Series 25-1, Class A, (1-Month <br> BBSW + 0.97%), 4.51%, 03/15/33<sup>(a)</sup><br>|  | 434 | &nbsp;&nbsp; 287619 |
| &nbsp;&nbsp;&nbsp; RESIMAC Premier, Series 2025-1, Class A, (1-Month <br> BBSW + 1.10%), 4.65%, 09/12/56<sup>(a)</sup><br>|  | 440 | &nbsp;&nbsp; 292368 |
|  |  |  | &nbsp;&nbsp; 1200409 |
| **Bermuda — 0.3%** | **Bermuda — 0.3%** | **Bermuda — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Symphony CLO Ltd., Series 2023-40A, Class AR, (3-mo. <br> CME Term SOFR + 1.31%), 5.63%, 01/05/38<sup>(b)(c)</sup><br>| USD | 3050 | &nbsp;&nbsp; 3061771 |
| **Cayman Islands**<sup>(c)</sup> **— 3.0%** | **Cayman Islands**<sup>(c)</sup> **— 3.0%** | **Cayman Islands**<sup>(c)</sup> **— 3.0%** |  |
| &nbsp;&nbsp;&nbsp; Apidos CLO LIII, Series 2025-53A, Class A1, (3-mo. <br> CME Term SOFR + 1.32%), 5.65%, 07/20/38<sup>(b)</sup><br>|  | 2000 | &nbsp;&nbsp; 2006544 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXXVI, Series 2021-36A, Class B, (3-mo. <br> CME Term SOFR + 1.86%), 6.19%, 07/20/34<sup>(b)</sup><br>|  | 250 | &nbsp;&nbsp; 250655 |
| &nbsp;&nbsp;&nbsp; Barings CLO Ltd., Series 2020-1A, Class A1R2, (3-mo. <br> CME Term SOFR + 1.26%), 5.58%, 01/15/38<sup>(b)</sup><br>|  | 1515 | &nbsp;&nbsp; 1518846 |
| &nbsp;&nbsp;&nbsp; Carlyle U.S. CLO Ltd., Series 2024-6A, Class B, (3-mo. <br> CME Term SOFR + 1.70%), 6.02%, 10/25/37<sup>(b)</sup><br>|  | 2500 | &nbsp;&nbsp; 2515425 |
| &nbsp;&nbsp;&nbsp; Cayuga Park CLO Ltd., Series 2020-1A, Class B1R, <br> (3-mo. CME Term SOFR + 1.91%), 6.19%, <br> 07/17/34<sup>(b)</sup><br>|  | 250 | &nbsp;&nbsp; 250415 |
| &nbsp;&nbsp;&nbsp; Cedar Funding II CLO Ltd., Series 2013-1A, Class BR3, <br> (3-mo. CME Term SOFR + 1.75%), 5.84%, <br> 07/22/38<sup>(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1004360 |
| &nbsp;&nbsp;&nbsp; Diameter Capital CLO Ltd., Series 2021-2A, Class A2R, <br> (3-mo. CME Term SOFR + 1.80%), 6.12%, <br> 10/15/37<sup>(b)</sup><br>|  | 500 | &nbsp;&nbsp; 502265 |
| Dryden Senior Loan Fund<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2015-37A, Class AR, (3-mo. CME Term SOFR <br> + 1.36%), 5.68%, 01/15/31<br>|  | 232 | &nbsp;&nbsp; 232864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-49, Class AR, (3-mo. CME Term SOFR + <br> 1.21%), 5.54%, 07/18/30<br>|  | 221 | &nbsp;&nbsp; 220894 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO Ltd., Series 2020-50A, <br> Class BR2, (3-mo. CME Term SOFR + 1.50%), <br> 5.83%, 04/20/35<sup>(b)</sup><br>|  | 405 | &nbsp;&nbsp; 405640 |
| &nbsp;&nbsp;&nbsp; Gracie Point International Funding LLC, Series 2023-2A, <br> Class A, (90-day Avg SOFR + 2.25%), 6.61%, <br> 03/01/27<sup>(b)</sup><br>|  | 179 | &nbsp;&nbsp; 179709 |
| &nbsp;&nbsp;&nbsp; LCM Ltd., Series 26A, Class A1, (3-mo. CME Term <br> SOFR + 1.33%), 5.66%, 01/20/31<sup>(b)</sup><br>|  | 3 | &nbsp;&nbsp; 2471 |
| &nbsp;&nbsp;&nbsp; LCM XVIII LP, Series 18A, Class A1R, (3-mo. CME Term <br> SOFR + 1.28%), 5.61%, 04/20/31<sup>(b)</sup><br>|  | 15 | &nbsp;&nbsp; 15008 |
| &nbsp;&nbsp;&nbsp; Loanpal Solar Loan Ltd., Series 2020-2GF, Class A, <br> 2.75%, 07/20/47<br>|  | 68 | &nbsp;&nbsp; 57828 |
| &nbsp;&nbsp;&nbsp; Octagon Investment Partners 36 Ltd., Series 2018-1A, <br> Class A1, (3-mo. CME Term SOFR + 1.23%), 5.55%, <br> 04/15/31<sup>(b)</sup><br>|  | 222 | &nbsp;&nbsp; 222411 |
| OHA Credit Funding Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-12RA, Class C, (3-mo. CME Term SOFR <br> + 1.80%), 6.13%, 07/20/37<br>|  | 1000 | &nbsp;&nbsp; 1001991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-20A, Class A, (3-mo. CME Term SOFR + <br> 1.10%), 5.31%, 04/20/38<br>|  | 1030 | &nbsp;&nbsp; 1030007 |
| &nbsp;&nbsp;&nbsp; Orion CLO Ltd., Series 2025-5A, Class D1, (3-mo. CME <br> Term SOFR + 3.05%), 7.43%, 07/20/38<sup>(b)</sup><br>|  | 500 | &nbsp;&nbsp; 505441 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Cayman Islands (continued)** | **Cayman Islands (continued)** | **Cayman Islands (continued)** |  |
| &nbsp;&nbsp;&nbsp; Park Blue CLO Ltd., Series 2022-2A, Class A1R, (3-mo. <br> CME Term SOFR + 1.42%), 5.75%, 07/20/37<sup>(b)</sup><br>| USD | 2000 | &nbsp;&nbsp; $2006348 |
| Post CLO VI Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2A, Class A1, (3-mo. CME Term SOFR + <br> 1.42%), 5.75%, 01/20/38<br>|  | 2000 | &nbsp;&nbsp; 2009268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2A, Class D1, (3-mo. CME Term SOFR + <br> 3.20%), 7.53%, 01/20/38<br>|  | 1000 | &nbsp;&nbsp; 1010645 |
| &nbsp;&nbsp;&nbsp; Rad CLO Ltd., Series 2023-18A, Class A1R, (3-mo. CME <br> Term SOFR + 1.40%), 5.72%, 07/15/37<sup>(b)</sup><br>|  | 1130 | &nbsp;&nbsp; 1133569 |
| &nbsp;&nbsp;&nbsp; Regatta XVIII Funding Ltd., Series 2021-1A, Class A1R, <br> (3-mo. CME Term SOFR + 1.16%), 5.48%, <br> 04/15/38<sup>(b)</sup><br>|  | 2000 | &nbsp;&nbsp; 2001168 |
| &nbsp;&nbsp;&nbsp; Rockford Tower CLO Ltd., Series 2017-3A, Class A, (3-<br> mo. CME Term SOFR + 1.45%), 5.78%, 10/20/30<sup>(b)</sup><br>|  | 82 | &nbsp;&nbsp; 82304 |
| &nbsp;&nbsp;&nbsp; Signal Peak CLO Ltd., Series 2020-8A, Class A1R, (3-<br> mo. CME Term SOFR + 1.39%), 5.72%, 10/20/37<sup>(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1004135 |
| &nbsp;&nbsp;&nbsp; Steele Creek CLO Ltd., Series 2017-1A, Class A, (3-mo. <br> CME Term SOFR + 1.51%), 5.83%, 10/15/30<sup>(b)</sup><br>|  | 36 | &nbsp;&nbsp; 36021 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XIX Ltd., Series 2018-19A, Class A, <br> (3-mo. CME Term SOFR + 1.22%), 5.54%, <br> 04/16/31<sup>(b)</sup><br>|  | 264 | &nbsp;&nbsp; 263835 |
| &nbsp;&nbsp;&nbsp; Tiaa CLO III Ltd., Series 2017-2A, Class A, (3-mo. CME <br> Term SOFR + 1.41%), 5.73%, 01/16/31<sup>(b)</sup><br>|  | 58 | &nbsp;&nbsp; 57913 |
| &nbsp;&nbsp;&nbsp; TICP CLO XII Ltd., Series 2018-12A, Class BR, (3-mo. <br> CME Term SOFR + 1.91%), 6.23%, 07/15/34<sup>(b)</sup><br>|  | 325 | &nbsp;&nbsp; 325728 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO XII Ltd., Series 2020-12A, Class A1R2, <br> (3-mo. CME Term SOFR + 1.05%), 5.31%, <br> 04/25/33<sup>(b)</sup><br>|  | 1755 | &nbsp;&nbsp; 1755930 |
| &nbsp;&nbsp;&nbsp; Voya CLO Ltd., Series 2017-2A, Class A2AR, (3-mo. <br> CME Term SOFR + 1.91%), 6.23%, 06/07/30<sup>(b)</sup><br>|  | 620 | &nbsp;&nbsp; 620911 |
| Warwick Capital CLO Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-4A, Class A1, (3-mo. CME Term SOFR + <br> 1.40%), 5.73%, 07/20/37<br>|  | 1000 | &nbsp;&nbsp; 1003830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-6A, Class A1, (3-mo. CME Term SOFR + <br> 1.43%), 5.70%, 07/20/38<br>|  | 1000 | &nbsp;&nbsp; 1005763 |
|  |  |  | &nbsp;&nbsp; 26240142 |
| **France**<sup>(a)(b)</sup> **— 0.0%** | **France**<sup>(a)(b)</sup> **— 0.0%** | **France**<sup>(a)(b)</sup> **— 0.0%** |  |
| &nbsp;&nbsp;&nbsp; FCT Noria, Series 2025-1, Class B, (1-mo. EURIBOR + <br> 0.90%), 2.77%, 07/25/43<br>| EUR | 100 | &nbsp;&nbsp; 117707 |
| Noria DE |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-DE1, Class B, (1-mo. EURIBOR + <br> 0.95%), 2.82%, 02/25/43<br>|  | 90 | &nbsp;&nbsp; 105083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-DE1, Class C, (1-mo. EURIBOR + <br> 1.25%), 3.12%, 02/25/43<br>|  | 89 | &nbsp;&nbsp; 105019 |
|  |  |  | &nbsp;&nbsp; 327809 |
| **Germany**<sup>(a)(b)</sup> **— 0.0%** | **Germany**<sup>(a)(b)</sup> **— 0.0%** | **Germany**<sup>(a)(b)</sup> **— 0.0%** |  |
| &nbsp;&nbsp;&nbsp; FCT Autonoria DE, Series 2023-DE, Class B, (1-mo. <br> EURIBOR + 1.15%), 3.02%, 01/26/43<br>|  | 40 | &nbsp;&nbsp; 47114 |
| Red & Black Auto Germany UG |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 10, Class B, (1-mo. EURIBOR + 1.20%), <br> 3.08%, 09/15/32<br>|  | 71 | &nbsp;&nbsp; 83812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 8, Class B, (1-mo. EURIBOR + 0.75%), 2.63%, <br> 09/15/30<br>|  | 18 | &nbsp;&nbsp; 21645 |
|  |  |  | &nbsp;&nbsp; 152571 |
| **Ireland**<sup>(a)(b)</sup> **— 0.1%** | **Ireland**<sup>(a)(b)</sup> **— 0.1%** | **Ireland**<sup>(a)(b)</sup> **— 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Aurium CLO VIII DAC, Series 8X, Class D, (3-mo. <br> EURIBOR + 3.00%), 5.02%, 06/23/34<br>|  | 100 | &nbsp;&nbsp; 118053 |
| &nbsp;&nbsp;&nbsp; Avoca CLO XXII DAC, Series 22X, Class B1, (3-mo. <br> EURIBOR + 1.30%), 3.33%, 04/15/35<br>|  | 100 | &nbsp;&nbsp; 116814 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Ireland (continued)** | **Ireland (continued)** | **Ireland (continued)** |  |
| &nbsp;&nbsp;&nbsp; CIFC European Funding CLO I DAC, Series 1X, <br> Class DR, (3-mo. EURIBOR + 3.20%), 5.23%, <br> 07/15/32<br>| EUR | 100 | &nbsp;&nbsp; $118023 |
| &nbsp;&nbsp;&nbsp; CVC Cordatus Loan Fund IV DAC, Series 4X, <br> Class BR1, (3-mo. EURIBOR + 1.30%), 3.33%, <br> 02/22/34<br>|  | 100 | &nbsp;&nbsp; 116812 |
| &nbsp;&nbsp;&nbsp; Harvest CLO XXXII DAC, Series 2032X, Class D, (3-mo. <br> EURIBOR + 3.60%), 5.54%, 07/25/37<br>|  | 100 | &nbsp;&nbsp; 119274 |
| &nbsp;&nbsp;&nbsp; Henley CLO IV DAC, Series 4X, Class B1, (3-mo. <br> EURIBOR + 1.35%), 3.29%, 04/25/34<br>|  | 100 | &nbsp;&nbsp; 117387 |
| &nbsp;&nbsp;&nbsp; Penta CLO DAC, Series 2024-17X, Class D, (3-mo. <br> EURIBOR + 3.25%), 5.29%, 08/15/38<br>|  | 100 | &nbsp;&nbsp; 118198 |
| &nbsp;&nbsp;&nbsp; Providus CLO V DAC, Series 5X, Class D, (3-mo. <br> EURIBOR + 2.95%), 4.99%, 02/15/35<br>|  | 100 | &nbsp;&nbsp; 117759 |
| &nbsp;&nbsp;&nbsp; Providus CLO VI DAC, Series 6X, Class D, (3-mo. <br> EURIBOR + 3.20%), 5.23%, 05/20/34<br>|  | 100 | &nbsp;&nbsp; 118753 |
| &nbsp;&nbsp;&nbsp; Tikehau CLO XII DAC, Series 12X, Class D, (3-mo. <br> EURIBOR + 3.25%), 5.27%, 10/20/38<br>|  | 100 | &nbsp;&nbsp; 117999 |
|  |  |  | &nbsp;&nbsp; 1179072 |
| **Italy**<sup>(a)(b)</sup> **— 0.2%** | **Italy**<sup>(a)(b)</sup> **— 0.2%** | **Italy**<sup>(a)(b)</sup> **— 0.2%** |  |
| Auto ABS Italian Stella Loans SRL |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class A, (1-mo. EURIBOR + 0.73%), <br> 2.63%, 12/29/36<br>|  | 219 | &nbsp;&nbsp; 258049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class B, (1-mo. EURIBOR + 1.20%), <br> 3.10%, 12/29/36<br>|  | 95 | &nbsp;&nbsp; 112468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class B, (1-mo. EURIBOR + 1.00%), <br> 2.90%, 12/28/40<br>|  | 167 | &nbsp;&nbsp; 196868 |
| &nbsp;&nbsp;&nbsp; AutoFlorence SRL, Series 3, Class A, (1-mo. EURIBOR <br> + 0.95%), 2.82%, 12/25/46<br>|  | 274 | &nbsp;&nbsp; 322743 |
| &nbsp;&nbsp;&nbsp; Brignole Co., Series 2024, Class A, (1-mo. EURIBOR + <br> 0.78%), 2.67%, 02/24/42<br>|  | 181 | &nbsp;&nbsp; 212421 |
| &nbsp;&nbsp;&nbsp; Fulvia SPV SRL, Series 2025-1, Class B, (3-mo. <br> EURIBOR + 0.90%), 2.92%, 12/23/41<br>|  | 100 | &nbsp;&nbsp; 117612 |
| &nbsp;&nbsp;&nbsp; Quarzo SRL, Series 2024-1, Class B, (3-mo. EURIBOR <br> + 1.60%), 3.61%, 06/15/41<br>|  | 80 | &nbsp;&nbsp; 94658 |
| &nbsp;&nbsp;&nbsp; Red & Black Auto Italy SRL, Series 3, Class A, (1-mo. <br> EURIBOR + 0.81%), 2.71%, 07/28/36<br>|  | 212 | &nbsp;&nbsp; 250147 |
|  |  |  | &nbsp;&nbsp; 1564966 |
| **Jersey**<sup>(b)(c)</sup> **— 0.6%** | **Jersey**<sup>(b)(c)</sup> **— 0.6%** | **Jersey**<sup>(b)(c)</sup> **— 0.6%** |  |
| &nbsp;&nbsp;&nbsp; AGL CLO Ltd., Series 2023-24A, Class A2R, (3-mo. <br> CME Term SOFR + 1.71%), 6.03%, 03/31/38<br>| USD | 2000 | &nbsp;&nbsp; 2006771 |
| &nbsp;&nbsp;&nbsp; Hamlin Park CLO Ltd., Series 2024-1A, Class A, (3-mo. <br> CME Term SOFR + 1.34%), 5.67%, 10/20/37<br>|  | 3000 | &nbsp;&nbsp; 3011208 |
|  |  |  | &nbsp;&nbsp; 5017979 |
| **Luxembourg**<sup>(a)(b)</sup> **— 0.1%** | **Luxembourg**<sup>(a)(b)</sup> **— 0.1%** | **Luxembourg**<sup>(a)(b)</sup> **— 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Asset-Backed European Securitisation Transaction <br> Twenty-Three SARL, Series 2023, Class B, (1-mo. <br> EURIBOR + 1.30%), 3.23%, 03/21/34<br>| EUR | 94 | &nbsp;&nbsp; 111262 |
| &nbsp;&nbsp;&nbsp; Auto1 Car Funding SARL, Series 2024-1, Class A, (1-<br> mo. EURIBOR + 0.70%), 2.58%, 12/15/33<br>|  | 111 | &nbsp;&nbsp; 130974 |
| &nbsp;&nbsp;&nbsp; FACT SA/LU, Series 2024-1, Class B, (1-mo. EURIBOR <br> + 1.05%), 2.98%, 09/22/31<br>|  | 100 | &nbsp;&nbsp; 117933 |
| &nbsp;&nbsp;&nbsp; First Mobility SARL - Compartment Swiss Lease, <br> Series 2025-1, Class B, (1-mo. EURIBOR + N Ap%), <br> 2.78%, 10/14/32<br>|  | 100 | &nbsp;&nbsp; 117697 |
| &nbsp;&nbsp;&nbsp; Golden Ray SA - Compartment 1, Series 1, Class A2, <br> (1-mo. EURIBOR + 0.80%), 2.70%, 12/27/57<br>|  | 262 | &nbsp;&nbsp; 307853 |
| &nbsp;&nbsp;&nbsp; Pony SA, Series 2024-1, Class B, (1-mo. EURIBOR + <br> 0.85%), 2.73%, 01/14/33<br>|  | 97 | &nbsp;&nbsp; 114324 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Luxembourg (continued)** | **Luxembourg (continued)** | **Luxembourg (continued)** |  |
| SC Germany SA Compartment Consumer |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2, Class B, (1-mo. EURIBOR + 1.10%), <br> 2.98%, 05/14/38<br>| EUR | 100 | &nbsp;&nbsp; $117920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class B, (1-mo. EURIBOR + 0.95%), <br> 2.83%, 12/14/38<br>|  | 100 | &nbsp;&nbsp; 117875 |
| &nbsp;&nbsp;&nbsp; TREVA Equipment Finance SA - Compartment, <br> Series 2024-1, Class B, (1-mo. EURIBOR + 0.90%), <br> 2.83%, 01/20/35<br>|  | 43 | &nbsp;&nbsp; 49762 |
|  |  |  | &nbsp;&nbsp; 1185600 |
| **Netherlands**<sup>(a)(b)</sup> **— 0.1%** | **Netherlands**<sup>(a)(b)</sup> **— 0.1%** | **Netherlands**<sup>(a)(b)</sup> **— 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Domi BV, Series 2023-1, Class A, (3-mo. EURIBOR + <br> 1.12%), 3.16%, 02/15/55<br>|  | 117 | &nbsp;&nbsp; 138320 |
| Mila BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class A, (1-mo. EURIBOR + 0.69%), <br> 2.61%, 09/16/41<br>|  | 141 | &nbsp;&nbsp; 166705 |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class B, 10/12/42<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 117499 |
|  |  |  | &nbsp;&nbsp; 422524 |
| **Spain**<sup>(a)(b)</sup> **— 0.0%** | **Spain**<sup>(a)(b)</sup> **— 0.0%** | **Spain**<sup>(a)(b)</sup> **— 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Autonoria Spain FT, Series 2021-SP, Class B, (1-mo. <br> EURIBOR + 0.80%), 2.67%, 01/31/39<br>|  | 45 | &nbsp;&nbsp; 52232 |
| &nbsp;&nbsp;&nbsp; Santander Consumo Fondo de Titulizacion, Series 8, <br> Class B, (3-mo. EURIBOR + 1.20%), 3.29%, <br> 01/21/40<br>|  | 100 | &nbsp;&nbsp; 118075 |
|  |  |  | &nbsp;&nbsp; 170307 |
| **United Kingdom**<sup>(a)</sup> **— 0.4%** | **United Kingdom**<sup>(a)</sup> **— 0.4%** | **United Kingdom**<sup>(a)</sup> **— 0.4%** |  |
| &nbsp;&nbsp;&nbsp; Asimi Funding PLC, Series 2025-1, Class A, (1-day <br> SONIA GBP 0.95%), 4.92%, 05/16/32<sup>(b)</sup><br>| GBP | 116 | &nbsp;&nbsp; 156657 |
| &nbsp;&nbsp;&nbsp; Atlas Funding PLC, Series 2023-1, Class B, (1-day <br> SONIA GBP 1.90%), 5.87%, 01/20/61<sup>(b)</sup><br>|  | 100 | &nbsp;&nbsp; 135846 |
| &nbsp;&nbsp;&nbsp; Dowson PLC, Series 2024-1, Class B, (1-day SONIA <br> GBP 1.25%), 5.22%, 08/20/31<sup>(b)</sup><br>|  | 149 | &nbsp;&nbsp; 201123 |
| &nbsp;&nbsp;&nbsp; Edenbrook Mortgage Funding PLC, Series 2024-1, <br> Class A, (1-day SONIA GBP 0.87%), 4.86%, <br> 03/22/57<sup>(b)</sup><br>|  | 209 | &nbsp;&nbsp; 282493 |
| &nbsp;&nbsp;&nbsp; Elstree Funding No. 5 PLC, Series 2005, Class A, (1-day <br> SONIA GBP 0.85%), 4.82%, 08/21/61<sup>(b)</sup><br>|  | 243 | &nbsp;&nbsp; 327278 |
| Hermitage PLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1, Class B, (1-day SONIA GBP 2.45%), <br> 6.42%, 09/21/33<br>|  | 84 | &nbsp;&nbsp; 113324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class A, (1-day SONIA GBP 0.90%), <br> 4.87%, 04/21/33<br>|  | 173 | &nbsp;&nbsp; 233642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class B, (1-day SONIA GBP 1.25%), <br> 5.22%, 04/21/33<br>|  | 58 | &nbsp;&nbsp; 77831 |
| &nbsp;&nbsp;&nbsp; Hops Hill PLC, Series 5, Class B, (1-day SONIA GBP <br> 1.00%), 0.00%, 06/21/56<sup>(b)</sup><br>|  | 100 | &nbsp;&nbsp; 134885 |
| &nbsp;&nbsp;&nbsp; Mortimer Mix PLC, Series 2024-MIX, Class B, (1-day <br> SONIA GBP 1.15%), 5.14%, 09/22/67<sup>(b)</sup><br>|  | 100 | &nbsp;&nbsp; 135003 |
| Newday Funding Master Issuer PLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2X, Class A, (1-day SONIA GBP 0.90%), <br> 4.87%, 07/15/32<br>|  | 275 | &nbsp;&nbsp; 371096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3X, Class B, (1-day SONIA GBP 1.30%), <br> 5.27%, 11/15/32<br>|  | 100 | &nbsp;&nbsp; 135163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2X, Class B, (1-day SONIA GBP 1.05%), <br> 5.02%, 07/15/33<br>|  | 134 | &nbsp;&nbsp; 180346 |
| &nbsp;&nbsp;&nbsp; PCL Funding IX PLC, Series 2024-1, Class A, (1-day <br> SONIA GBP 0.90%), 4.87%, 07/16/29<sup>(b)</sup><br>|  | 318 | &nbsp;&nbsp; 429517 |
| &nbsp;&nbsp;&nbsp; Polaris PLC, Series 2023-1, Class B, (1-day SONIA GBP <br> 2.75%), 6.72%, 02/23/61<sup>(b)</sup><br>|  | 160 | &nbsp;&nbsp; 218730 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United Kingdom (continued)** | **United Kingdom (continued)** | **United Kingdom (continued)** |  |
| &nbsp;&nbsp;&nbsp; Unique Pub Finance Co. PLC, Series 02, Class N, <br> 6.46%, 03/30/32<br>| GBP | 62 | &nbsp;&nbsp; $86812 |
| &nbsp;&nbsp;&nbsp; Winchester PLC, Series 2001, Class B, (1-day SONIA <br> GBP 1.20%), 5.25%, 10/21/56<sup>(b)</sup><br>|  | 100 | &nbsp;&nbsp; 135170 |
|  |  |  | &nbsp;&nbsp; 3354916 |
| **United States**<sup>(c)</sup> **— 4.0%** | **United States**<sup>(c)</sup> **— 4.0%** | **United States**<sup>(c)</sup> **— 4.0%** |  |
| Affirm Asset Securitization Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-A, Class A, 5.61%, 02/15/29 | USD | 570 | &nbsp;&nbsp; 572600 |
| &nbsp;&nbsp;&nbsp; Series 2025-X1, Class C, 5.34%, 04/15/30 |  | 100 | &nbsp;&nbsp; 100204 |
| &nbsp;&nbsp;&nbsp; Affirm Master Trust, Series 2025-1A, Class A, 4.99%, <br> 02/15/33<br>|  | 610 | &nbsp;&nbsp; 614882 |
| &nbsp;&nbsp;&nbsp; Aqua Finance Trust, Series 2021-A, Class A, 1.54%, <br> 07/17/46<br>|  | 23 | &nbsp;&nbsp; 21503 |
| BHG Securitization Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-A, Class A, 1.42%, 11/17/33 |  | 17 | &nbsp;&nbsp; 17068 |
| &nbsp;&nbsp;&nbsp; Series 2021-A, Class B, 2.79%, 11/17/33 |  | 100 | &nbsp;&nbsp; 97960 |
| &nbsp;&nbsp;&nbsp; Brex Commercial Charge Card Master Trust, <br> Series 2024-1, Class A1, 6.05%, 07/15/27<br>|  | 129 | &nbsp;&nbsp; 129802 |
| &nbsp;&nbsp;&nbsp; College Avenue Student Loans LLC, Series 2023-B, <br> Class A1A, 6.50%, 06/25/54<br>|  | 279 | &nbsp;&nbsp; 291482 |
| &nbsp;&nbsp;&nbsp; College Avenue Student Loans Trust, Series 2024-A, <br> Class A1B, (30-day Avg SOFR + 1.75%), 6.11%, <br> 06/25/54<sup>(b)</sup><br>|  | 323 | &nbsp;&nbsp; 327710 |
| &nbsp;&nbsp;&nbsp; Concord Music Royalties LLC, Series 2024-1A, Class A, <br> 5.64%, 10/20/74<br>|  | 895 | &nbsp;&nbsp; 901739 |
| &nbsp;&nbsp;&nbsp; ELFI Graduate Loan Program LLC, Series 2023-A, <br> Class A, 6.37%, 02/04/48<br>|  | 532 | &nbsp;&nbsp; 558512 |
| &nbsp;&nbsp;&nbsp; Enterprise Fleet Financing LLC, Series 2024-4, Class A4, <br> 4.70%, 06/20/31<br>|  | 65 | &nbsp;&nbsp; 65966 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust, Series 2025-HE3, Class A, 5.56%, <br> 05/25/55<sup>(b)</sup><br>|  | 1861 | &nbsp;&nbsp; 1884010 |
| &nbsp;&nbsp;&nbsp; Flatiron CLO LLC, Series 2023-1A, Class DR, (3-mo. <br> CME Term SOFR + 2.70%), 7.01%, 04/17/36<sup>(b)</sup><br>|  | 700 | &nbsp;&nbsp; 706881 |
| FNA 8 LLC, Series 2025-1, Class A, 5.62%, 03/15/45<sup>(b)</sup> |  | 266 | &nbsp;&nbsp; 267619 |
| Foundation Finance Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-2A, Class A, 2.19%, 01/15/42 |  | 84 | &nbsp;&nbsp; 80089 |
| &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A, 6.53%, 06/15/49 |  | 209 | &nbsp;&nbsp; 217737 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class B, 4.93%, 03/15/50 |  | 91 | &nbsp;&nbsp; 90661 |
| Goldman Home Improvement Trust Issuer Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-GRN1, Class A, 4.50%, 06/25/52 |  | 307 | &nbsp;&nbsp; 306907 |
| &nbsp;&nbsp;&nbsp; Series 2022-GRN2, Class A, 6.80%, 10/25/52 |  | 43 | &nbsp;&nbsp; 44182 |
| GoodLeap Home Improvement Solutions Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, 5.35%, 10/20/46 |  | 546 | &nbsp;&nbsp; 553217 |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 5.38%, 02/20/49 |  | 471 | &nbsp;&nbsp; 477595 |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 6.27%, 02/20/49 |  | 21 | &nbsp;&nbsp; 21841 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, 5.32%, 06/20/49 |  | 919 | &nbsp;&nbsp; 929169 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class B, 5.98%, 06/20/49 |  | 288 | &nbsp;&nbsp; 293169 |
| &nbsp;&nbsp;&nbsp; GoodLeap Sustainable Home Solutions Trust, <br> Series 2021-3CS, Class A, 2.10%, 05/20/48<br>|  | 203 | &nbsp;&nbsp; 161988 |
| &nbsp;&nbsp;&nbsp; Gracie Point International Funding LLC, Series 2024-1A, <br> Class A, (90-day Avg SOFR + 1.70%), 6.06%, <br> 03/01/28<sup>(b)</sup><br>|  | 306 | &nbsp;&nbsp; 306595 |
| &nbsp;&nbsp;&nbsp; GreenSky Home Improvement Trust, Series 2024-1, <br> Class A4, 5.67%, 06/25/59<br>|  | 261 | &nbsp;&nbsp; 266982 |
| Huntington Bank Auto Credit-Linked Notes<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class B2, (30-day Avg SOFR + <br> 1.40%), 5.79%, 05/20/32<br>|  | 153 | &nbsp;&nbsp; 153366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2, Class B2, (30-day Avg SOFR + <br> 1.35%), 5.74%, 10/20/32<br>|  | 262 | &nbsp;&nbsp; 262823 |
| Lendmark Funding Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class B, 5.88%, 06/21/32 |  | 100 | &nbsp;&nbsp; 101609 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |  |
| Lendmark Funding Trust (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class B, 4.86%, 02/21/34 | USD | 100 | &nbsp;&nbsp; $100270 |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 4.94%, 09/20/34 |  | 316 | &nbsp;&nbsp; 319601 |
| Lyra Music Assets Delaware LP |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A2, 5.76%, 12/22/64 |  | 419 | &nbsp;&nbsp; 425378 |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, 5.60%, 09/20/65 |  | 283 | &nbsp;&nbsp; 286188 |
| Mariner Finance Issuance Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-AA, Class A, 6.70%, 10/22/35 |  | 1468 | &nbsp;&nbsp; 1478135 |
| &nbsp;&nbsp;&nbsp; Series 2023-AA, Class B, 7.11%, 10/22/35 |  | 789 | &nbsp;&nbsp; 804217 |
| &nbsp;&nbsp;&nbsp; Series 2024-AA, Class A, 5.13%, 09/22/36 |  | 241 | &nbsp;&nbsp; 244346 |
| &nbsp;&nbsp;&nbsp; Series 2024-BA, Class D, 6.36%, 11/20/38 |  | 100 | &nbsp;&nbsp; 102713 |
| &nbsp;&nbsp;&nbsp; Series 2025-AA, Class A, 4.98%, 05/20/38 |  | 469 | &nbsp;&nbsp; 474151 |
| &nbsp;&nbsp;&nbsp; Series 2025-AA, Class B, 5.33%, 05/20/38 |  | 172 | &nbsp;&nbsp; 174450 |
| &nbsp;&nbsp;&nbsp; Mosaic Solar Loan Trust, Series 2023-4, Class A, 6.40%, <br> 05/20/53<br>|  | 195 | &nbsp;&nbsp; 195808 |
| Navient Private Education Refi Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-CA, Class A2B, (1-mo. Term SOFR + <br> 1.71%), 5.86%, 11/15/68<sup>(b)</sup><br>|  | 349 | &nbsp;&nbsp; 351993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DA, Class A, (Prime -1.99%), 5.51%, <br> 04/15/60<sup>(b)</sup><br>|  | 132 | &nbsp;&nbsp; 130549 |
| &nbsp;&nbsp;&nbsp; Series 2024-A, Class A, 5.66%, 10/15/72 |  | 525 | &nbsp;&nbsp; 539315 |
| Navient Student Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-B, Class A1B, (30-day Avg SOFR + <br> 1.70%), 6.07%, 03/15/72<sup>(b)</sup><br>|  | 142 | &nbsp;&nbsp; 143288 |
| &nbsp;&nbsp;&nbsp; Series 2023-BA, Class A1A, 6.48%, 03/15/72 |  | 99 | &nbsp;&nbsp; 101524 |
| Nelnet Student Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-A, Class B1, 2.85%, 04/20/62 |  | 136 | &nbsp;&nbsp; 122807 |
| &nbsp;&nbsp;&nbsp; Series 2021-DA, Class B, 2.90%, 04/20/62 |  | 700 | &nbsp;&nbsp; 628649 |
| &nbsp;&nbsp;&nbsp; Series 2021-DA, Class C, 3.50%, 04/20/62 |  | 100 | &nbsp;&nbsp; 87005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-PL1A, Class A1A, (30-day Avg SOFR + <br> 2.25%), 6.61%, 11/25/53<sup>(b)</sup><br>|  | 94 | &nbsp;&nbsp; 94768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-AA, Class A1B, (30-day Avg SOFR + <br> 1.10%), 5.47%, 03/15/57<sup>(b)</sup><br>|  | 570 | &nbsp;&nbsp; 567962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-BA, Class A1B, (30-day Avg SOFR + <br> 1.35%), 5.69%, 05/17/55<sup>(b)</sup><br>|  | 1045 | &nbsp;&nbsp; 1051237 |
| &nbsp;&nbsp;&nbsp; Series 2025-BA, Class D, 6.04%, 05/17/55 |  | 864 | &nbsp;&nbsp; 870043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-CA, Class A1B, (30-day Avg SOFR + <br> 1.35%), 5.71%, 06/22/65<sup>(b)</sup><br>|  | 1601 | &nbsp;&nbsp; 1600990 |
| &nbsp;&nbsp;&nbsp; OneMain Direct Auto Receivables Trust, Series 2025-1A, <br> Class D, 6.10%, 07/14/37<br>|  | 100 | &nbsp;&nbsp; 101863 |
| OneMain Financial Issuance Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-2A, Class B, 5.24%, 10/14/34 |  | 189 | &nbsp;&nbsp; 188758 |
| &nbsp;&nbsp;&nbsp; Series 2023-2A, Class D, 7.52%, 09/15/36 |  | 552 | &nbsp;&nbsp; 570158 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, 5.79%, 05/14/41 |  | 764 | &nbsp;&nbsp; 808315 |
| &nbsp;&nbsp;&nbsp; Point Broadband Funding LLC, Series 2025-1A, <br> Class A2, 5.34%, 07/20/55<br>|  | 271 | &nbsp;&nbsp; 273444 |
| &nbsp;&nbsp;&nbsp; QTS Issuer ABS II LLC, Series 2025-1A, Class A2, <br> 5.04%, 10/05/55<br>|  | 998 | &nbsp;&nbsp; 993790 |
| Regional Management Issuance Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-2, Class B, 2.35%, 08/15/33 |  | 990 | &nbsp;&nbsp; 925725 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A, 3.07%, 03/15/32 |  | 120 | &nbsp;&nbsp; 119964 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class A, 5.11%, 12/15/33 |  | 100 | &nbsp;&nbsp; 100861 |
| Republic Finance Issuance Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-A, Class A, 2.30%, 12/22/31 |  | 53 | &nbsp;&nbsp; 52625 |
| &nbsp;&nbsp;&nbsp; Series 2021-A, Class B, 2.80%, 12/22/31 |  | 136 | &nbsp;&nbsp; 134716 |
| &nbsp;&nbsp;&nbsp; Series 2021-A, Class C, 3.53%, 12/22/31 |  | 100 | &nbsp;&nbsp; 98404 |
| &nbsp;&nbsp;&nbsp; Series 2021-A, Class D, 5.23%, 12/22/31 |  | 800 | &nbsp;&nbsp; 783386 |
| &nbsp;&nbsp;&nbsp; Series 2024-B, Class A, 5.42%, 11/20/37 |  | 424 | &nbsp;&nbsp; 431745 |
| &nbsp;&nbsp;&nbsp; Series 2024-B, Class B, 5.86%, 11/20/37 |  | 152 | &nbsp;&nbsp; 155119 |
| Service Experts Issuer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A, 2.67%, 02/02/32 |  | 98 | &nbsp;&nbsp; 96268 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |  |
| Service Experts Issuer LLC (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, 6.39%, 11/20/35 | USD | 131 | &nbsp;&nbsp; $134410 |
| Sesac Finance LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A2, 6.42%, 01/25/54 |  | 50 | &nbsp;&nbsp; 51142 |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2, 5.50%, 07/25/55 |  | 364 | &nbsp;&nbsp; 362557 |
| SMB Private Education Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A, Class A1B, (30-day Avg SOFR + <br> 1.45%), 5.82%, 03/15/56<sup>(b)</sup><br>|  | 686 | &nbsp;&nbsp; 692920 |
| &nbsp;&nbsp;&nbsp; Series 2024-A, Class B, 5.88%, 03/15/56 |  | 408 | &nbsp;&nbsp; 417208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-C, Class A1B, (30-day Avg SOFR + <br> 1.10%), 5.47%, 06/17/52<sup>(b)</sup><br>|  | 141 | &nbsp;&nbsp; 140852 |
| SoFi Consumer Loan Program Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class A, 4.80%, 02/27/34 |  | 645 | &nbsp;&nbsp; 648563 |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class B, 5.12%, 02/27/34 |  | 100 | &nbsp;&nbsp; 101132 |
| &nbsp;&nbsp;&nbsp; Series 2025-2, Class A, 4.82%, 06/25/34 |  | 2239 | &nbsp;&nbsp; 2250182 |
| SoFi Personal Loan Term |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class R1, 0.00%, 02/12/31 |  | 10 | &nbsp;&nbsp; 158260 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, 6.06%, 02/12/31 |  | 158 | &nbsp;&nbsp; 158641 |
| &nbsp;&nbsp;&nbsp; Subway Funding LLC, Series 2024-1A, Class A2II, <br> 6.27%, 07/30/54<br>|  | 231 | &nbsp;&nbsp; 237201 |
| &nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust, Series 2024-CES2, <br> Class A1A, 6.13%, 02/25/64<sup>(b)</sup><br>|  | 1209 | &nbsp;&nbsp; 1221807 |
| Upgrade Master Pass-Thru Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-ST4, Class A, 5.50%, 08/16/32 |  | 188 | &nbsp;&nbsp; 188281 |
| &nbsp;&nbsp;&nbsp; Series 2025-ST6, Class A, 4.61%, 10/15/32 |  | 675 | &nbsp;&nbsp; 675604 |
| &nbsp;&nbsp;&nbsp; UPX HIL Issuer Trust, Series 2025-1, Class A, 5.16%, <br> 01/25/47<br>|  | 441 | &nbsp;&nbsp; 443276 |
|  |  |  | &nbsp;&nbsp; 35438432 |
| **Total Asset-Backed Securities — 8.9%** <br>**(Cost: $78,529,156)** | **Total Asset-Backed Securities — 8.9%** <br>**(Cost: $78,529,156)** | **Total Asset-Backed Securities — 8.9%** <br>**(Cost: $78,529,156)** | &nbsp;&nbsp; 79316498 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Canada — 0.0%** | **Canada — 0.0%** |  |
| Algoma Steel Group, Inc. | 26292 | &nbsp;&nbsp; 93468 |
| **Chile — 0.0%** | **Chile — 0.0%** |  |
| Wom New Holdco<sup>(e)(f)</sup> | 1029 | &nbsp;&nbsp; 23667 |
| **China — 0.1%** | **China — 0.1%** |  |
| Alibaba Group Holding Ltd., ADR | 1056 | &nbsp;&nbsp; 188739 |
| BYD Co. Ltd., Class H | 7500 | &nbsp;&nbsp; 106010 |
| Tencent Holdings Ltd. | 924 | &nbsp;&nbsp; 78734 |
|  |  | &nbsp;&nbsp; 373483 |
| **Italy — 0.1%** | **Italy — 0.1%** |  |
| Intesa Sanpaolo SpA | 17084 | &nbsp;&nbsp; 113082 |
| UniCredit SpA | 4302 | &nbsp;&nbsp; 327361 |
|  |  | &nbsp;&nbsp; 440443 |
| **Japan — 0.0%** | **Japan — 0.0%** |  |
| Rakuten Group, Inc.<sup>(f)</sup> | 25300 | &nbsp;&nbsp; 164062 |
| **Spain — 0.0%** | **Spain — 0.0%** |  |
| CaixaBank SA | 24433 | &nbsp;&nbsp; 258059 |
| **United Kingdom — 0.0%** | **United Kingdom — 0.0%** |  |
| Genius Sports Ltd.<sup>(f)</sup> | 16197 | &nbsp;&nbsp; 200519 |
| **United States — 1.4%** | **United States — 1.4%** |  |
| Advanced Micro Devices, Inc.<sup>(f)</sup> | 800 | &nbsp;&nbsp; 129432 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **United States (continued)** | **United States (continued)** |  |
| AMC Networks, Inc., Class A<sup>(f)</sup> | 12756 | &nbsp;&nbsp; $105109 |
| Amentum Holdings, Inc.<sup>(f)</sup> | 5265 | &nbsp;&nbsp; 126097 |
| Anduril Industries, Inc.<sup>(e)(f)</sup> | 3592 | &nbsp;&nbsp; 146841 |
| Apollo Global Management, Inc. | 1994 | &nbsp;&nbsp; 265740 |
| Bank of America Corp. | 1883 | &nbsp;&nbsp; 97144 |
| Boeing Co.<sup>(f)</sup> | 786 | &nbsp;&nbsp; 169642 |
| Boston Scientific Corp.<sup>(f)</sup> | 1417 | &nbsp;&nbsp; 138342 |
| Broadcom, Inc. | 276 | &nbsp;&nbsp; 91055 |
| Caesars Entertainment, Inc.<sup>(f)</sup> | 3619 | &nbsp;&nbsp; 97803 |
| Carrier Global Corp. | 1682 | &nbsp;&nbsp; 100415 |
| Centene Corp.<sup>(f)</sup> | 5762 | &nbsp;&nbsp; 205588 |
| Century Communities, Inc. | 2891 | &nbsp;&nbsp; 183203 |
| Citigroup, Inc. | 1478 | &nbsp;&nbsp; 150017 |
| Core Scientific, Inc.<sup>(f)</sup> | 19163 | &nbsp;&nbsp; 343784 |
| CoreWeave, Inc.<sup>(f)</sup> | 2711 | &nbsp;&nbsp; 371000 |
| Delta Air Lines, Inc. | 2771 | &nbsp;&nbsp; 157254 |
| DF Residential III LP<sup>(e)(f)</sup> | 480173 | &nbsp;&nbsp; 504182 |
| DR Horton, Inc. | 999 | &nbsp;&nbsp; 169301 |
| Duke Energy Corp. | 1500 | &nbsp;&nbsp; 185625 |
| EchoStar Corp., Class A<sup>(f)</sup> | 10497 | &nbsp;&nbsp; 801551 |
| Eli Lilly & Co. | 44 | &nbsp;&nbsp; 33572 |
| EOG Resources, Inc. | 988 | &nbsp;&nbsp; 110775 |
| Flagstar Financial, Inc. | 60671 | &nbsp;&nbsp; 700750 |
| Flowco Holdings, Inc., Class A | 12475 | &nbsp;&nbsp; 185254 |
| Freeport-McMoRan, Inc. | 997 | &nbsp;&nbsp; 39102 |
| Freewire Equity<sup>(e)(f)</sup> | 6 | &nbsp;&nbsp; — |
| General Electric Co. | 1100 | &nbsp;&nbsp; 330902 |
| &nbsp;&nbsp;&nbsp; HNG Hospitality Offshore LP, (Acquired 02/16/24, Cost: <br> $538,000)<sup>(e)(f)(g)</sup><br>| 538000 | &nbsp;&nbsp; 387360 |
| iShares Ethereum Trust ETF<sup>(f)(h)(i)</sup> | 16400 | &nbsp;&nbsp; 516764 |
| Lam Research Corp. | 1728 | &nbsp;&nbsp; 231379 |
| Lumen Technologies, Inc.<sup>(f)</sup> | 56184 | &nbsp;&nbsp; 343846 |
| M/I Homes, Inc.<sup>(f)</sup> | 731 | &nbsp;&nbsp; 105586 |
| Meritage Homes Corp. | 2317 | &nbsp;&nbsp; 167820 |
| Meta Platforms, Inc., Class A | 226 | &nbsp;&nbsp; 165970 |
| Micron Technology, Inc. | 1695 | &nbsp;&nbsp; 283607 |
| MNTN, Inc., (Acquired 11/05/21, Cost: $138,642)<sup>(f)(g)</sup> | 6037 | &nbsp;&nbsp; 111986 |
| Netflix, Inc.<sup>(f)</sup> | 196 | &nbsp;&nbsp; 234988 |
| NRG Energy, Inc. | 1166 | &nbsp;&nbsp; 188834 |
| NVIDIA Corp. | 2560 | &nbsp;&nbsp; 477645 |
| Palladyne AI Corp.<sup>(f)</sup> | 305 | &nbsp;&nbsp; 2620 |
| Six Flags Entertainment Corp.<sup>(f)</sup> | 8003 | &nbsp;&nbsp; 181828 |
| Solaris Energy Infrastructure, Inc., Class A | 14918 | &nbsp;&nbsp; 596272 |
| Sonder Holdings, Inc., Class A<sup>(f)</sup> | 2292 | &nbsp;&nbsp; 2911 |
| &nbsp;&nbsp;&nbsp; Space Exploration Technologies Corp., Class A, <br> (Acquired 08/21/23, Cost: $85,374)<sup>(e)(f)(g)</sup><br>| 1054 | &nbsp;&nbsp; 215691 |
| &nbsp;&nbsp;&nbsp; Space Exploration Technologies Corp., Class C, <br> (Acquired 08/21/23, Cost: $91,692)<sup>(e)(f)(g)</sup><br>| 1132 | &nbsp;&nbsp; 231653 |
| Toll Brothers, Inc. | 1075 | &nbsp;&nbsp; 148501 |
| Trane Technologies PLC | 213 | &nbsp;&nbsp; 89877 |
| Tri Pointe Homes, Inc.<sup>(f)</sup> | 5068 | &nbsp;&nbsp; 172160 |
| Uber Technologies, Inc.<sup>(f)</sup> | 1545 | &nbsp;&nbsp; 151364 |
| United Airlines Holdings, Inc.<sup>(f)</sup> | 1570 | &nbsp;&nbsp; 151505 |
| Vertiv Holdings Co., Class A | 2237 | &nbsp;&nbsp; 337474 |
| Vistra Corp. | 1328 | &nbsp;&nbsp; 260182 |
| Walmart, Inc. | 1117 | &nbsp;&nbsp; 115118 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **United States (continued)** | **United States (continued)** |  |
| Walt Disney Co. | 791 | &nbsp;&nbsp; $90570 |
| Warner Bros Discovery, Inc., Class A<sup>(f)</sup> | 14749 | &nbsp;&nbsp; 288048 |
|  |  | &nbsp;&nbsp; 12191039 |
| **Total Common Stocks — 1.6%** <br>**(Cost: $11,013,816)** | **Total Common Stocks — 1.6%** <br>**(Cost: $11,013,816)** | &nbsp;&nbsp; 13744740 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** |
| **Argentina**<sup>(c)</sup> **— 0.1%** | **Argentina**<sup>(c)</sup> **— 0.1%** | **Argentina**<sup>(c)</sup> **— 0.1%** | **Argentina**<sup>(c)</sup> **— 0.1%** |
| Telecom Argentina SA, 9.25%, 05/28/33 | USD | 27 | &nbsp;&nbsp; 26621 |
| Vista Energy Argentina SAU |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 06/10/33 |  | 135 | &nbsp;&nbsp; 137565 |
| &nbsp;&nbsp;&nbsp; 7.63%, 12/10/35 |  | 239 | &nbsp;&nbsp; 231770 |
| YPF SA, 9.50%, 01/17/31 |  | 156 | &nbsp;&nbsp; 159744 |
|  |  |  | &nbsp;&nbsp; 555700 |
| **Australia — 0.6%** | **Australia — 0.6%** | **Australia — 0.6%** | **Australia — 0.6%** |
| AGL Energy Ltd., 5.77%, 09/30/35<sup>(a)</sup> | AUD | 200 | &nbsp;&nbsp; 132263 |
| BHP Billiton Finance Ltd., 3.64%, 09/04/35<sup>(a)</sup> | EUR | 490 | &nbsp;&nbsp; 573317 |
| Fortescue Treasury Pty. Ltd., 4.38%, 04/01/31<sup>(c)</sup> | USD | 100 | &nbsp;&nbsp; 95474 |
| Glencore Capital Finance DAC, 10/06/32<sup>(a)(d)</sup> | EUR | 280 | &nbsp;&nbsp; 328087 |
| &nbsp;&nbsp;&nbsp; Insurance Australia Group Ltd., (3-Month BBSW + <br> 1.68%), 5.26%, 06/15/37<sup>(a)(b)</sup><br>| AUD | 200 | &nbsp;&nbsp; 132750 |
| Mineral Resources Ltd.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.25%, 10/01/28 | USD | 112 | &nbsp;&nbsp; 117355 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/01/30 |  | 220 | &nbsp;&nbsp; 228833 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd., (3-Month BBSW + 1.70%), <br> 5.77%, 07/30/40<sup>(a)(b)</sup><br>| AUD | 500 | &nbsp;&nbsp; 333500 |
| &nbsp;&nbsp;&nbsp; NSW Electricity Networks Finance Pty. Ltd., (3-Month <br> BBSW + 2.05%), 5.63%, 03/11/55<sup>(a)(b)</sup><br>|  | 470 | &nbsp;&nbsp; 313627 |
| Oceana Australian Fixed Income Trust, A Note Upsize<sup>(e)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10.50%, 07/31/28 |  | 348 | &nbsp;&nbsp; 234025 |
| &nbsp;&nbsp;&nbsp; Class A, 12.50%, 07/31/26 |  | 248 | &nbsp;&nbsp; 167597 |
| &nbsp;&nbsp;&nbsp; Class A, 12.50%, 07/31/27 |  | 414 | &nbsp;&nbsp; 286271 |
| Origin Energy Finance Ltd., 1.00%, 09/17/29<sup>(a)</sup> | EUR | 566 | &nbsp;&nbsp; 613464 |
| &nbsp;&nbsp;&nbsp; Pacific National Finance Pty. Ltd., (Update <br> Replacements.xls: ADSWAP5 + 3.85%), 7.75%, <br> 12/11/54<sup>(a)(b)</sup><br>| AUD | 960 | &nbsp;&nbsp; 652745 |
| &nbsp;&nbsp;&nbsp; Port of Newcastle Investments Financing Pty. Ltd., <br> 6.10%, 07/18/33<sup>(a)</sup><br>|  | 360 | &nbsp;&nbsp; 244715 |
| Scentre Group Trust 1<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 09/18/35 |  | 430 | &nbsp;&nbsp; 280858 |
| &nbsp;&nbsp;&nbsp; (3-Month BBSW + 2.00%), 5.58%, 03/31/55<sup>(b)</sup> |  | 400 | &nbsp;&nbsp; 267935 |
|  |  |  | &nbsp;&nbsp; 5002816 |
| **Belgium — 0.0%** | **Belgium — 0.0%** | **Belgium — 0.0%** | **Belgium — 0.0%** |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch Cos. LLC/Anheuser-Busch InBev <br> Worldwide, Inc., 4.90%, 02/01/46<br>| USD | 111 | &nbsp;&nbsp; 103988 |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch InBev Worldwide, Inc., 5.80%, <br> 01/23/59<br>|  | 57 | &nbsp;&nbsp; 59417 |
|  |  |  | &nbsp;&nbsp; 163405 |
| **Brazil — 0.2%** | **Brazil — 0.2%** | **Brazil — 0.2%** | **Brazil — 0.2%** |
| 3R Lux SARL, 9.75%, 02/05/31<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 210840 |
| Azul Secured Finance LLP, 11.93%, 08/28/28<sup>(f)(j)</sup> |  | 223 | &nbsp;&nbsp; 68123 |
| &nbsp;&nbsp;&nbsp; MC Brazil Downstream Trading SARL, 7.25%, <br> 06/30/31<sup>(c)</sup><br>|  | 202 | &nbsp;&nbsp; 172770 |
| Petrobras Global Finance BV, 6.75%, 01/27/41 |  | 93 | &nbsp;&nbsp; 93878 |
| Raizen Fuels Finance SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.45%, 03/05/34<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 194000 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Brazil (continued)** | **Brazil (continued)** | **Brazil (continued)** | **Brazil (continued)** |
| Raizen Fuels Finance SA (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.70%, 02/25/37<sup>(a)</sup> | USD | 200 | &nbsp;&nbsp; $192774 |
| Samarco Mineracao SA<sup>(k)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (9.50% PIK), 9.50%, 06/30/31<sup>(a)</sup> |  | 515 | &nbsp;&nbsp; 517238 |
| &nbsp;&nbsp;&nbsp; (9.50% PIK), 9.50%, 06/30/31<sup>(c)</sup> |  | 139 | &nbsp;&nbsp; 140087 |
| Suzano Austria GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/29 |  | 200 | &nbsp;&nbsp; 207284 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/30 |  | 200 | &nbsp;&nbsp; 201600 |
| Vale Overseas Ltd., 6.40%, 06/28/54 |  | 61 | &nbsp;&nbsp; 62603 |
|  |  |  | &nbsp;&nbsp; 2061197 |
| **Canada — 0.6%** | **Canada — 0.6%** | **Canada — 0.6%** | **Canada — 0.6%** |
| &nbsp;&nbsp;&nbsp; Air Canada Pass-Through Trust, Series 2020-1, Class C, <br> 10.50%, 07/15/26<sup>(c)</sup><br>|  | 302 | &nbsp;&nbsp; 314975 |
| Baytex Energy Corp., 7.38%, 03/15/32<sup>(c)</sup> |  | 81 | &nbsp;&nbsp; 79308 |
| Bombardier, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.75%, 11/15/30 |  | 86 | &nbsp;&nbsp; 92742 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/15/33 |  | 100 | &nbsp;&nbsp; 104356 |
| &nbsp;&nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield <br> Residential U.S. LLC<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/27 |  | 74 | &nbsp;&nbsp; 73821 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/29 |  | 65 | &nbsp;&nbsp; 61943 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/30 |  | 93 | &nbsp;&nbsp; 87219 |
| &nbsp;&nbsp;&nbsp; Burger King (Restaurant Brands International, Inc.)/New <br> Red Finance, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/28 |  | 109 | &nbsp;&nbsp; 107101 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/30 |  | 284 | &nbsp;&nbsp; 267648 |
| Garda World Security Corp., 8.25%, 08/01/32<sup>(c)</sup> |  | 94 | &nbsp;&nbsp; 97440 |
| HR Ottawa LP, 11.00%, 03/31/31<sup>(c)</sup> |  | 1918 | &nbsp;&nbsp; 2113589 |
| &nbsp;&nbsp;&nbsp; Husky Injection Molding Systems Ltd./Titan Co-Borrower <br> LLC, 9.00%, 02/15/29<sup>(c)</sup><br>|  | 200 | &nbsp;&nbsp; 209038 |
| NOVA Chemicals Corp., 5.25%, 06/01/27<sup>(c)</sup> |  | 158 | &nbsp;&nbsp; 158455 |
| Open Text Corp., 3.88%, 12/01/29<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 94525 |
| Parkland Corp., 4.63%, 05/01/30<sup>(c)</sup> |  | 68 | &nbsp;&nbsp; 66114 |
| Prime Investment Partners Ltd., 11.00%, 05/01/30<sup>(e)</sup> |  | 916 | &nbsp;&nbsp; 940815 |
| RB Global Holdings, Inc., 7.75%, 03/15/31<sup>(c)</sup> |  | 132 | &nbsp;&nbsp; 138059 |
| &nbsp;&nbsp;&nbsp; Rogers Communications, Inc., (5-year CMT + 2.65%), <br> 7.00%, 04/15/55<sup>(b)</sup><br>|  | 174 | &nbsp;&nbsp; 181395 |
| &nbsp;&nbsp;&nbsp; South Bow Canadian Infrastructure Holdings Ltd., (5-<br> year CMT + 3.95%), 7.63%, 03/01/55<sup>(b)</sup><br>|  | 100 | &nbsp;&nbsp; 104479 |
| &nbsp;&nbsp;&nbsp; TELUS Corp., (5-year CMT + 2.77%), 6.63%, <br> 10/15/55<sup>(b)</sup><br>|  | 15 | &nbsp;&nbsp; 15443 |
| &nbsp;&nbsp;&nbsp; Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo <br> U.S. LLC, 9.50%, 05/15/30<sup>(c)</sup><br>|  | 341 | &nbsp;&nbsp; 334042 |
|  |  |  | &nbsp;&nbsp; 5642507 |
| **Chile — 0.2%** | **Chile — 0.2%** | **Chile — 0.2%** | **Chile — 0.2%** |
| &nbsp;&nbsp;&nbsp; AES Andes SA, (5-year CMT + 3.84%), 8.15%, <br> 06/10/55<sup>(b)(c)</sup><br>|  | 400 | &nbsp;&nbsp; 423044 |
| Corp. Nacional del Cobre de Chile, 3.15%, 01/14/30<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 189800 |
| Telefonica Moviles Chile SA, 3.54%, 11/18/31<sup>(c)</sup> |  | 164 | &nbsp;&nbsp; 89380 |
| &nbsp;&nbsp;&nbsp; WOM Chile Holdco SpA, (5.00% PIK), 5.00%, <br> 04/01/32<sup>(c)(k)(l)</sup><br>|  | 543 | &nbsp;&nbsp; 483767 |
| WOM Mobile SA, (11.00% PIK), 11.00%, 04/01/31<sup>(c)(k)</sup> |  | 297 | &nbsp;&nbsp; 284784 |
|  |  |  | &nbsp;&nbsp; 1470775 |
| **China — 0.2%** | **China — 0.2%** | **China — 0.2%** | **China — 0.2%** |
| Alibaba Group Holding Ltd., 0.50%, 06/01/31<sup>(l)</sup> |  | 61 | &nbsp;&nbsp; 112057 |
| &nbsp;&nbsp;&nbsp; Fantasia Holdings Group Co. Ltd., 11.88%, <br> 06/01/23<sup>(a)(f)(j)</sup><br>|  | 200 | &nbsp;&nbsp; 3000 |
| Fortune Star BVI Ltd., 3.95%, 10/02/26<sup>(a)</sup> | EUR | 1200 | &nbsp;&nbsp; 1394040 |
| Prosus NV, 3.06%, 07/13/31<sup>(a)</sup> | USD | 200 | &nbsp;&nbsp; 181175 |
|  |  |  | &nbsp;&nbsp; 1690272 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Colombia — 0.1%** | **Colombia — 0.1%** | **Colombia — 0.1%** | **Colombia — 0.1%** |
| &nbsp;&nbsp;&nbsp; ABRA Global Finance, (6.00% Cash & 8.00% PIK), <br> 14.00%, 10/22/29<sup>(c)(k)</sup><br>| USD | 485 | &nbsp;&nbsp; $469854 |
| Ecopetrol SA, 8.88%, 01/13/33 |  | 69 | &nbsp;&nbsp; 74855 |
| Gran Tierra Energy, Inc., 9.50%, 10/15/29<sup>(c)</sup> |  | 412 | &nbsp;&nbsp; 347110 |
| &nbsp;&nbsp;&nbsp; Promigas SA ESP/Gases del Pacifico SAC, 3.75%, <br> 10/16/29<sup>(a)</sup><br>|  | 400 | &nbsp;&nbsp; 379752 |
|  |  |  | &nbsp;&nbsp; 1271571 |
| **Czech Republic**<sup>(a)</sup> **— 0.2%** | **Czech Republic**<sup>(a)</sup> **— 0.2%** | **Czech Republic**<sup>(a)</sup> **— 0.2%** | **Czech Republic**<sup>(a)</sup> **— 0.2%** |
| &nbsp;&nbsp;&nbsp; Allwyn Entertainment Financing U.K. PLC, 7.25%, <br> 04/30/30<br>| EUR | 180 | &nbsp;&nbsp; 221631 |
| Czechoslovak Group A/S, 5.25%, 01/10/31 |  | 125 | &nbsp;&nbsp; 152627 |
| EP Infrastructure AS, 2.05%, 10/09/28 |  | 1255 | &nbsp;&nbsp; 1427027 |
|  |  |  | &nbsp;&nbsp; 1801285 |
| **Denmark — 0.0%** | **Denmark — 0.0%** | **Denmark — 0.0%** | **Denmark — 0.0%** |
| &nbsp;&nbsp;&nbsp; SGL Group ApS, (3-mo. EURIBOR + 4.75%), 6.75%, <br> 04/22/30<sup>(b)</sup><br>|  | 200 | &nbsp;&nbsp; 232738 |
| **Finland**<sup>(a)</sup> **— 0.1%** | **Finland**<sup>(a)</sup> **— 0.1%** | **Finland**<sup>(a)</sup> **— 0.1%** | **Finland**<sup>(a)</sup> **— 0.1%** |
| Citycon Treasury BV, 5.38%, 07/08/31 |  | 200 | &nbsp;&nbsp; 236115 |
| Mehilainen Yhtiot OYJ, 5.13%, 06/30/32 |  | 300 | &nbsp;&nbsp; 359686 |
|  |  |  | &nbsp;&nbsp; 595801 |
| **France — 2.2%** | **France — 2.2%** | **France — 2.2%** | **France — 2.2%** |
| Altice France SA, 4.25%, 10/15/29<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 101819 |
| Atos SE<sup>(a)(m)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 12/18/30 |  | 71 | &nbsp;&nbsp; 78642 |
| &nbsp;&nbsp;&nbsp; 9.36%, 12/18/29 |  | 246 | &nbsp;&nbsp; 332081 |
| Banijay Entertainment SAS, 7.00%, 05/01/29<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 243448 |
| Banque Federative du Credit Mutuel SA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 0.63%, 11/19/27 |  | 500 | &nbsp;&nbsp; 564245 |
| &nbsp;&nbsp;&nbsp; 1.25%, 06/03/30 |  | 700 | &nbsp;&nbsp; 753840 |
| &nbsp;&nbsp;&nbsp; Bertrand Franchise Finance SAS, (3-mo. EURIBOR + <br> 3.75%), 5.99%, 07/18/30<sup>(a)(b)</sup><br>|  | 111 | &nbsp;&nbsp; 124603 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA, (3-mo. EURIBOR + 0.80%), 0.38%, <br> 10/14/27<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 574790 |
| Bouygues SA, 4.63%, 06/07/32<sup>(a)</sup> |  | 500 | &nbsp;&nbsp; 632723 |
| Capgemini SE, 3.50%, 09/25/34<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 232711 |
| Cofiroute SA, 1.00%, 05/19/31<sup>(a)</sup> |  | 500 | &nbsp;&nbsp; 525100 |
| Credit Agricole SA<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 0.60%), 0.63%, 01/12/28 |  | 1000 | &nbsp;&nbsp; 1147275 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 0.68%), 0.50%, 09/21/29 |  | 400 | &nbsp;&nbsp; 438565 |
| Electricite de France SA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/17/31 |  | 2400 | &nbsp;&nbsp; 2941878 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/17/41 | GBP | 300 | &nbsp;&nbsp; 360357 |
| Elior Group SA, 5.63%, 03/15/30<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; 120296 |
| Engie SA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 1.88%, 09/19/33 |  | 900 | &nbsp;&nbsp; 941890 |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/11/37 |  | 100 | &nbsp;&nbsp; 117315 |
| &nbsp;&nbsp;&nbsp; (5-year EURIBOR ICE Swap + 2.37%), 5.13%<sup>(b)(n)</sup> |  | 100 | &nbsp;&nbsp; 123711 |
| Eutelsat SA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 10/13/28 |  | 100 | &nbsp;&nbsp; 110064 |
| &nbsp;&nbsp;&nbsp; 9.75%, 04/13/29 |  | 100 | &nbsp;&nbsp; 126753 |
| &nbsp;&nbsp;&nbsp; Figeac Aero SA, (Acquired 07/16/25, Cost: $395,607), <br> 7.79%, 07/23/30<sup>(e)(g)</sup><br>|  | 340 | &nbsp;&nbsp; 398179 |
| Forvia SE, 5.50%, 06/15/31<sup>(a)</sup> |  | 300 | &nbsp;&nbsp; 362131 |
| Goldstory SAS, 6.75%, 02/01/30<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 121908 |
| iliad SA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/15/29 |  | 200 | &nbsp;&nbsp; 247875 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/15/30 |  | 200 | &nbsp;&nbsp; 252115 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/09/32 |  | 100 | &nbsp;&nbsp; 118042 |
| IPD 3 BV, 5.50%, 06/15/31<sup>(a)</sup> |  | 202 | &nbsp;&nbsp; 240840 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **France (continued)** | **France (continued)** | **France (continued)** | **France (continued)** |
| Kapla Holding SAS, 04/30/31<sup>(a)(d)</sup> | EUR | 100 | &nbsp;&nbsp; $117992 |
| &nbsp;&nbsp;&nbsp; Lion/Polaris Lux 4 SA, (3-mo. EURIBOR + 3.63%), <br> 5.64%, 07/01/29<sup>(a)(b)</sup><br>|  | 100 | &nbsp;&nbsp; 118712 |
| Loxam SAS<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/31/29 |  | 90 | &nbsp;&nbsp; 109444 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/31 |  | 100 | &nbsp;&nbsp; 117452 |
| Maya SAS/Paris France |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/15/30<sup>(a)</sup> |  | 134 | &nbsp;&nbsp; 160683 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/31<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 124710 |
| &nbsp;&nbsp;&nbsp; 8.50%, 04/15/31<sup>(c)</sup> | USD | 400 | &nbsp;&nbsp; 428997 |
| New Immo Holding SA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 07/23/27 | EUR | 100 | &nbsp;&nbsp; 115686 |
| &nbsp;&nbsp;&nbsp; 4.88%, 12/08/28 |  | 100 | &nbsp;&nbsp; 118803 |
| Opal Bidco SAS, 5.50%, 03/31/32<sup>(a)</sup> |  | 105 | &nbsp;&nbsp; 127588 |
| RCI Banque SA<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5-year EURIBOR ICE Swap + 2.20%), 4.75%, <br> 03/24/37<br>|  | 300 | &nbsp;&nbsp; 358362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5-year EURIBOR ICE Swap + 2.75%), 5.50%, <br> 10/09/34<br>|  | 100 | &nbsp;&nbsp; 123496 |
| Renault SA, 3.88%, 09/30/30<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 117227 |
| &nbsp;&nbsp;&nbsp; RTE Reseau de Transport d'Electricite SADIR, 1.13%, <br> 09/09/49<sup>(a)</sup><br>|  | 400 | &nbsp;&nbsp; 244503 |
| &nbsp;&nbsp;&nbsp; Sabena technics SAS, (3-mo. EURIBOR + 5.00%), <br> (Acquired 10/28/22, Cost: $293,431), 7.00%, <br> 09/30/29<sup>(b)(e)(g)</sup><br>|  | 297 | &nbsp;&nbsp; 349220 |
| Societe Generale SA, 1.75%, 03/22/29<sup>(a)</sup> |  | 400 | &nbsp;&nbsp; 451123 |
| &nbsp;&nbsp;&nbsp; TotalEnergies Capital International SA, 3.50%, <br> 03/03/37<sup>(a)</sup><br>|  | 700 | &nbsp;&nbsp; 800811 |
| Veolia Environnement SA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 1.94%, 01/07/30 |  | 600 | &nbsp;&nbsp; 677476 |
| &nbsp;&nbsp;&nbsp; 3.32%, 06/17/32 |  | 100 | &nbsp;&nbsp; 117471 |
| Worldline SA/France<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 09/12/28 |  | 1000 | &nbsp;&nbsp; 956722 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/27/29 |  | 1200 | &nbsp;&nbsp; 1090547 |
|  |  |  | &nbsp;&nbsp; 19160221 |
| **Germany — 1.0%** | **Germany — 1.0%** | **Germany — 1.0%** | **Germany — 1.0%** |
| Alstria Office AG, 5.50%, 03/20/31<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 122080 |
| APCOA Group GmbH, 6.00%, 04/15/31<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 237762 |
| &nbsp;&nbsp;&nbsp; Aroundtown Finance SARL, (5-year EURIBOR ICE Swap <br> + 4.51%), 7.13%<sup>(b)(n)</sup><br>|  | 224 | &nbsp;&nbsp; 277324 |
| Aroundtown SA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 0.01%, 07/16/26 |  | 100 | &nbsp;&nbsp; 114737 |
| &nbsp;&nbsp;&nbsp; 3.50%, 05/13/30 |  | 100 | &nbsp;&nbsp; 116859 |
| Brenntag Finance BV, 10/02/31<sup>(a)(d)</sup> |  | 200 | &nbsp;&nbsp; 233930 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG, (5-year EURIBOR ICE Swap + <br> 5.26%), 8.13%<sup>(a)(b)(n)</sup><br>|  | 200 | &nbsp;&nbsp; 256434 |
| Deutsche Telekom AG<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 03/29/39 |  | 222 | &nbsp;&nbsp; 222660 |
| &nbsp;&nbsp;&nbsp; 3.63%, 02/03/45 |  | 40 | &nbsp;&nbsp; 43695 |
| &nbsp;&nbsp;&nbsp; 1.75%, 12/09/49 |  | 67 | &nbsp;&nbsp; 50537 |
| Dynamo Newco II GmbH, 6.25%, 10/15/31<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 121733 |
| E.ON SE, 4.00%, 01/16/40<sup>(a)</sup> |  | 792 | &nbsp;&nbsp; 933583 |
| Fressnapf Holding SE, 5.25%, 10/31/31<sup>(a)</sup> |  | 116 | &nbsp;&nbsp; 138022 |
| &nbsp;&nbsp;&nbsp; Grand City Properties SA, (5-year EUR Swap + 2.18%), <br> 1.50%<sup>(a)(b)(n)</sup><br>|  | 100 | &nbsp;&nbsp; 114812 |
| Gruenenthal GmbH, 4.63%, 11/15/31<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 119871 |
| HT Troplast GmbH, 9.38%, 07/15/28<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 122614 |
| &nbsp;&nbsp;&nbsp; IHO Verwaltungs GmbH, (8.75% Cash or 9.50% PIK), <br> 8.75%, 05/15/28<sup>(a)(k)</sup><br>|  | 200 | &nbsp;&nbsp; 245929 |
| &nbsp;&nbsp;&nbsp; Lanxess AG, (6-mo. EURIBOR at 0.00% Floor + 9.50%, <br> 13.41% Cash or 13.41% PIK), 11.62%, 04/01/31<sup>(e)</sup><br>|  | 419 | &nbsp;&nbsp; 449586 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Germany (continued)** | **Germany (continued)** | **Germany (continued)** | **Germany (continued)** |
| Mahle GmbH, 6.50%, 05/02/31<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; $121532 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz International Finance BV, 2.50%, <br> 09/05/28<sup>(a)</sup><br>|  | 38 | &nbsp;&nbsp; 44537 |
| Nidda Healthcare Holding GmbH<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/21/30 |  | 202 | &nbsp;&nbsp; 247227 |
| &nbsp;&nbsp;&nbsp; 5.38%, 10/23/30 |  | 100 | &nbsp;&nbsp; 119381 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 3.75%), 5.79%, 10/23/30<sup>(b)</sup> |  | 104 | &nbsp;&nbsp; 122320 |
| PCF GmbH, 4.75%, 04/15/29<sup>(a)</sup> |  | 122 | &nbsp;&nbsp; 110576 |
| &nbsp;&nbsp;&nbsp; PrestigeBidCo GmbH, (3-mo. EURIBOR + 3.75%), <br> 5.78%, 07/01/29<sup>(a)(b)</sup><br>|  | 100 | &nbsp;&nbsp; 118071 |
| ProGroup AG, 5.13%, 04/15/29<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 119500 |
| Robert Bosch GmbH, 4.38%, 06/02/43<sup>(a)</sup> |  | 300 | &nbsp;&nbsp; 351959 |
| Schaeffler AG<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/01/28 |  | 100 | &nbsp;&nbsp; 119329 |
| &nbsp;&nbsp;&nbsp; 3.38%, 10/12/28 |  | 100 | &nbsp;&nbsp; 116680 |
| Tele Columbus AG, (10.00% PIK), 10.00%, 01/01/29<sup>(a)(k)</sup> |  | 112 | &nbsp;&nbsp; 88437 |
| TK Elevator Midco GmbH, 4.38%, 07/15/27<sup>(a)</sup> |  | 186 | &nbsp;&nbsp; 218618 |
| TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27<sup>(c)</sup> | USD | 400 | &nbsp;&nbsp; 398586 |
| TUI Cruises GmbH, 5.00%, 05/15/30<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; 120538 |
| Volkswagen Bank GmbH<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/07/26 |  | 400 | &nbsp;&nbsp; 471780 |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/03/31 |  | 900 | &nbsp;&nbsp; 1113269 |
| Vonovia SE, Series B, 0.88%, 05/20/32<sup>(a)(l)</sup> |  | 200 | &nbsp;&nbsp; 235528 |
| &nbsp;&nbsp;&nbsp; Wintershall Dea Finance 2 BV, (5-year EURIBOR ICE <br> Swap + 3.94%), 6.12%<sup>(a)(b)(n)</sup><br>|  | 203 | &nbsp;&nbsp; 249057 |
| ZF Europe Finance BV, 2.50%, 10/23/27<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 227423 |
| ZF North America Capital, Inc., 7.13%, 04/14/30<sup>(c)</sup> | USD | 150 | &nbsp;&nbsp; 148529 |
|  |  |  | &nbsp;&nbsp; 8785045 |
| **Greece**<sup>(a)(b)</sup> **— 0.1%** | **Greece**<sup>(a)(b)</sup> **— 0.1%** | **Greece**<sup>(a)(b)</sup> **— 0.1%** | **Greece**<sup>(a)(b)</sup> **— 0.1%** |
| Eurobank SA |  |  |  |
| &nbsp;&nbsp;&nbsp; (1-year EUR Swap + 1.80%), 4.00%, 09/24/30 | EUR | 100 | &nbsp;&nbsp; 121138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1-year EURIBOR ICE Swap + 1.70%), 4.00%, <br> 02/07/36<br>|  | 100 | &nbsp;&nbsp; 117995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5-year EURIBOR ICE Swap + 2.17%), 4.88%, <br> 04/30/31<br>|  | 100 | &nbsp;&nbsp; 125259 |
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA, (5-year EURIBOR ICE <br> Swap + 3.15%), 5.88%, 06/28/35<br>|  | 211 | &nbsp;&nbsp; 266496 |
|  |  |  | &nbsp;&nbsp; 630888 |
| **Hong Kong — 0.2%** | **Hong Kong — 0.2%** | **Hong Kong — 0.2%** | **Hong Kong — 0.2%** |
| AIA Group Ltd., 5.40%, 09/30/54<sup>(a)</sup> | USD | 1000 | &nbsp;&nbsp; 980190 |
| Elect Global Investments Ltd., 4.85%<sup>(a)(n)</sup> |  | 200 | &nbsp;&nbsp; 148750 |
| Melco Resorts Finance Ltd., 7.63%, 04/17/32<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 209500 |
|  |  |  | &nbsp;&nbsp; 1338440 |
| **Hungary — 0.0%** | **Hungary — 0.0%** | **Hungary — 0.0%** | **Hungary — 0.0%** |
| MVM Energetika Zrt, 7.50%, 06/09/28<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 211524 |
| **India — 1.1%** | **India — 1.1%** | **India — 1.1%** | **India — 1.1%** |
| &nbsp;&nbsp;&nbsp; Clean Renewable Power Mauritius Pte. Ltd., 4.25%, <br> 03/25/27<sup>(a)</sup><br>|  | 770 | &nbsp;&nbsp; 753638 |
| Continuum Energy Aura Pte. Ltd., 9.50%, 02/24/27<sup>(a)</sup> |  | 1000 | &nbsp;&nbsp; 1030940 |
| &nbsp;&nbsp;&nbsp; Continuum Green Energy India Pvt./Co-Issuers, 7.50%, <br> 06/26/33<sup>(a)</sup><br>|  | 313 | &nbsp;&nbsp; 331972 |
| Diamond II Ltd., 7.95%, 07/28/26<sup>(a)</sup> |  | 1000 | &nbsp;&nbsp; 1007500 |
| &nbsp;&nbsp;&nbsp; Flourishing Trade & Investment Ltd., (11.04% PIK), <br> 11.04%, 04/02/28<sup>(c)(e)</sup><br>|  | 1154 | &nbsp;&nbsp; 1205820 |
| &nbsp;&nbsp;&nbsp; Greenko Wind Projects Mauritius Ltd., 7.25%, <br> 09/27/28<sup>(a)</sup><br>|  | 995 | &nbsp;&nbsp; 1013407 |
| India Cleantech Energy, 4.70%, 08/10/26<sup>(a)</sup> |  | 759 | &nbsp;&nbsp; 751790 |
| Muthoot Finance Ltd.<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/23/29 |  | 300 | &nbsp;&nbsp; 304342 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/02/30 |  | 1235 | &nbsp;&nbsp; 1250808 |
| Power Finance Corp. Ltd., 1.84%, 09/21/28<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; 112654 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **India (continued)** | **India (continued)** | **India (continued)** | **India (continued)** |
| ReNew Pvt Ltd., 5.88%, 03/05/27<sup>(a)</sup> | USD | 200 | &nbsp;&nbsp; $199722 |
| Vedanta Resources Finance II PLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 10.88%, 09/17/29<sup>(c)</sup> |  | 728 | &nbsp;&nbsp; 762125 |
| &nbsp;&nbsp;&nbsp; 10.88%, 09/17/29<sup>(a)</sup> |  | 700 | &nbsp;&nbsp; 732813 |
| &nbsp;&nbsp;&nbsp; 9.48%, 07/24/30<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 202200 |
| &nbsp;&nbsp;&nbsp; 11.25%, 12/03/31<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 213900 |
|  |  |  | &nbsp;&nbsp; 9873631 |
| **Indonesia — 0.4%** | **Indonesia — 0.4%** | **Indonesia — 0.4%** | **Indonesia — 0.4%** |
| Freeport Indonesia PT<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.76%, 04/14/27 |  | 200 | &nbsp;&nbsp; 200400 |
| &nbsp;&nbsp;&nbsp; 6.20%, 04/14/52 |  | 1000 | &nbsp;&nbsp; 1023000 |
| &nbsp;&nbsp;&nbsp; Indofood CBP Sukses Makmur Tbk PT, 4.75%, <br> 06/09/51<sup>(a)</sup><br>|  | 455 | &nbsp;&nbsp; 392438 |
| Medco Maple Tree Pte. Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.96%, 04/27/29<sup>(a)</sup> |  | 500 | &nbsp;&nbsp; 522500 |
| &nbsp;&nbsp;&nbsp; 8.96%, 04/27/29<sup>(c)</sup> |  | 104 | &nbsp;&nbsp; 108680 |
| Minejesa Capital BV, 5.63%, 08/10/37<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 198800 |
| Nickel Industries Ltd., 9.00%, 09/30/30<sup>(a)</sup> |  | 320 | &nbsp;&nbsp; 324800 |
| &nbsp;&nbsp;&nbsp; Perusahaan Perseroan Persero PT Perusahaan Listrik <br> Negara, 1.88%, 11/05/31<sup>(a)</sup><br>| EUR | 700 | &nbsp;&nbsp; 736315 |
| &nbsp;&nbsp;&nbsp; Star Energy Geothermal Darajat II/Star Energy <br> Geothermal Salak, 4.85%, 10/14/38<sup>(a)</sup><br>| USD | 200 | &nbsp;&nbsp; 190750 |
|  |  |  | &nbsp;&nbsp; 3697683 |
| **Ireland — 0.1%** | **Ireland — 0.1%** | **Ireland — 0.1%** | **Ireland — 0.1%** |
| &nbsp;&nbsp;&nbsp; Cedacri SpA, (3-mo. EURIBOR + 5.50%), 7.54%, <br> 05/15/28<sup>(a)(b)</sup><br>| EUR | 150 | &nbsp;&nbsp; 177915 |
| Flutter Treasury DAC<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/04/31 |  | 215 | &nbsp;&nbsp; 252951 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/04/31 | GBP | 100 | &nbsp;&nbsp; 135539 |
| GGAM Finance Ltd., 6.88%, 04/15/29<sup>(c)</sup> | USD | 78 | &nbsp;&nbsp; 80887 |
| &nbsp;&nbsp;&nbsp; Virgin Media O2 Vendor Financing Notes V DAC, 7.88%, <br> 03/15/32<sup>(a)</sup><br>| GBP | 100 | &nbsp;&nbsp; 138994 |
|  |  |  | &nbsp;&nbsp; 786286 |
| **Israel — 0.1%** | **Israel — 0.1%** | **Israel — 0.1%** | **Israel — 0.1%** |
| Teva Pharmaceutical Finance Netherlands II BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/09/30 | EUR | 100 | &nbsp;&nbsp; 119954 |
| &nbsp;&nbsp;&nbsp; 7.88%, 09/15/31 |  | 120 | &nbsp;&nbsp; 168887 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, 7.88%, <br> 09/15/29<br>| USD | 200 | &nbsp;&nbsp; 218376 |
|  |  |  | &nbsp;&nbsp; 507217 |
| **Italy — 1.2%** | **Italy — 1.2%** | **Italy — 1.2%** | **Italy — 1.2%** |
| &nbsp;&nbsp;&nbsp; A2A SpA, (5-year EURIBOR ICE Swap + 2.26%), <br> 5.00%<sup>(a)(b)(n)</sup><br>| EUR | 100 | &nbsp;&nbsp; 122269 |
| &nbsp;&nbsp;&nbsp; Almaviva-The Italian Innovation Co. SpA, 5.00%, <br> 10/30/30<sup>(a)</sup><br>|  | 262 | &nbsp;&nbsp; 312472 |
| ASTM SpA, 1.00%, 11/25/26<sup>(a)</sup> |  | 3242 | &nbsp;&nbsp; 3745035 |
| &nbsp;&nbsp;&nbsp; Banca Monte dei Paschi di Siena SpA, (5-year <br> EURIBOR ICE Swap + 2.15%), 4.38%, 10/02/35<sup>(a)(b)</sup><br>|  | 200 | &nbsp;&nbsp; 239459 |
| Bubbles Bidco SpA, 6.50%, 09/30/31<sup>(a)</sup> |  | 122 | &nbsp;&nbsp; 146705 |
| Continuum Energy Pte. Ltd., 5.00%, 09/11/27<sup>(c)(e)</sup> | USD | 424 | &nbsp;&nbsp; 423687 |
| Dolcetto Holdco SpA, 5.63%, 07/14/32<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; 120369 |
| &nbsp;&nbsp;&nbsp; Engineering - Ingegneria Informatica - SpA, 11.13%, <br> 05/15/28<sup>(a)</sup><br>|  | 100 | &nbsp;&nbsp; 125110 |
| Eni SpA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 05/17/28 |  | 157 | &nbsp;&nbsp; 180235 |
| &nbsp;&nbsp;&nbsp; 3.63%, 01/29/29 |  | 688 | &nbsp;&nbsp; 831324 |
| Fedrigoni SpA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/31 |  | 300 | &nbsp;&nbsp; 350107 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 4.00%), 6.00%, 01/15/30<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 234226 |
| Fibercop SpA |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/30/30<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 119253 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Italy (continued)** | **Italy (continued)** | **Italy (continued)** | **Italy (continued)** |
| Fibercop SpA (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/30/32<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; $119332 |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/30/34<sup>(c)</sup> | USD | 200 | &nbsp;&nbsp; 190632 |
| FIS Fabbrica Italiana Sintetici SpA, 5.63%, 08/01/27<sup>(a)</sup> | EUR | 300 | &nbsp;&nbsp; 354879 |
| IMA Industria Macchine Automatiche SpA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/28 |  | 100 | &nbsp;&nbsp; 116935 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 3.75%), 5.78%, 04/15/29<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 236984 |
| Infrastrutture Wireless Italiane SpA, 1.63%, 10/21/28<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 112707 |
| Intesa Sanpaolo SpA, 5.15%, 06/10/30<sup>(a)</sup> | GBP | 100 | &nbsp;&nbsp; 133639 |
| &nbsp;&nbsp;&nbsp; Irca SpA/Gallarate, (3-mo. EURIBOR + 3.75%), 5.76%, <br> 12/15/29<sup>(a)(b)</sup><br>| EUR | 100 | &nbsp;&nbsp; 118251 |
| Itelyum Regeneration SpA, 5.75%, 04/15/30<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 238894 |
| Lottomatica Group SpA, 4.88%, 01/31/31<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 120973 |
| Nexi SpA, 0.00%, 02/24/28<sup>(a)(l)(o)</sup> |  | 200 | &nbsp;&nbsp; 215004 |
| Pachelbel Bidco SpA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 05/17/31 |  | 118 | &nbsp;&nbsp; 149264 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 4.25%), 6.27%, 05/17/31<sup>(b)</sup> |  | 100 | &nbsp;&nbsp; 118281 |
| Rossini SARL<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 12/31/29 |  | 100 | &nbsp;&nbsp; 123861 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 3.88%), 5.88%, 12/31/29<sup>(b)</sup> |  | 43 | &nbsp;&nbsp; 50961 |
| TeamSystem SpA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/31 |  | 172 | &nbsp;&nbsp; 204765 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 3.25%), 5.19%, 07/01/32<sup>(b)</sup> |  | 109 | &nbsp;&nbsp; 128113 |
| Telecom Italia Capital SA, 7.72%, 06/04/38 | USD | 46 | &nbsp;&nbsp; 50958 |
| UniCredit SpA |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.73%, 06/10/35<sup>(a)</sup> | EUR | 474 | &nbsp;&nbsp; 559088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5-year USD ICE Swap + 4.91%), 7.30%, <br> 04/02/34<sup>(b)(c)</sup><br>| USD | 200 | &nbsp;&nbsp; 213588 |
| Unipol Assicurazioni SpA, 4.90%, 05/23/34<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; 123629 |
|  |  |  | &nbsp;&nbsp; 10630989 |
| **Jamaica — 0.0%** | **Jamaica — 0.0%** | **Jamaica — 0.0%** | **Jamaica — 0.0%** |
| &nbsp;&nbsp;&nbsp; Digicel Group Holdings Ltd., Series 2B14, 0.00%, <br> 12/31/30<sup>(c)(e)(o)</sup><br>| USD | 71 | &nbsp;&nbsp; 4262 |
| **Japan — 0.4%** | **Japan — 0.4%** | **Japan — 0.4%** | **Japan — 0.4%** |
| Nissan Motor Co. Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/17/29<sup>(a)</sup> | EUR | 192 | &nbsp;&nbsp; 229729 |
| &nbsp;&nbsp;&nbsp; 4.81%, 09/17/30<sup>(c)</sup> | USD | 200 | &nbsp;&nbsp; 188417 |
| SoftBank Group Corp.<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 01/08/29 | EUR | 200 | &nbsp;&nbsp; 243240 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/19/29 |  | 150 | &nbsp;&nbsp; 174979 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/10/29 |  | 500 | &nbsp;&nbsp; 605287 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/10/31 |  | 600 | &nbsp;&nbsp; 742090 |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/06/32 |  | 200 | &nbsp;&nbsp; 223502 |
| &nbsp;&nbsp;&nbsp; 6.38%, 07/10/33 |  | 700 | &nbsp;&nbsp; 873841 |
| Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30 | USD | 415 | &nbsp;&nbsp; 376891 |
|  |  |  | &nbsp;&nbsp; 3657976 |
| **Jersey — 0.1%** | **Jersey — 0.1%** | **Jersey — 0.1%** | **Jersey — 0.1%** |
| Aston Martin Capital Holdings Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 10.00%, 03/31/29<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 195811 |
| &nbsp;&nbsp;&nbsp; 10.38%, 03/31/29<sup>(a)</sup> | GBP | 100 | &nbsp;&nbsp; 130770 |
| Deepocean Ltd., 04/08/31<sup>(a)(d)</sup> | EUR | 112 | &nbsp;&nbsp; 133270 |
|  |  |  | &nbsp;&nbsp; 459851 |
| **Luxembourg — 0.4%** | **Luxembourg — 0.4%** | **Luxembourg — 0.4%** | **Luxembourg — 0.4%** |
| &nbsp;&nbsp;&nbsp; Adler Financing SARL, Series 1L, (8.25% PIK), 8.25%, <br> 12/31/28<sup>(k)</sup><br>|  | 431 | &nbsp;&nbsp; 538902 |
| &nbsp;&nbsp;&nbsp; Albion Financing 1 SARL/Aggreko Holdings, Inc., 5.38%, <br> 05/21/30<sup>(a)</sup><br>|  | 103 | &nbsp;&nbsp; 125446 |
| Currenta Group Holdings SARL<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/30 |  | 100 | &nbsp;&nbsp; 120317 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 4.00%), 6.04%, 05/15/32<sup>(b)</sup> |  | 100 | &nbsp;&nbsp; 118337 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Luxembourg (continued)** | **Luxembourg (continued)** | **Luxembourg (continued)** | **Luxembourg (continued)** |
| &nbsp;&nbsp;&nbsp; Encore Issuances SA, Series 155, (3-mo. EURIBOR + <br> 10.00%), 12.05%, 11/06/25<sup>(b)</sup><br>| EUR | 12 | &nbsp;&nbsp; $13552 |
| Ephios Subco 3 SARL, 7.88%, 01/31/31<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 249972 |
| Essendi SA<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 05/15/32 |  | 300 | &nbsp;&nbsp; 363164 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 3.75%), 5.79%, 05/15/32<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 236824 |
| Garfunkelux Holdco 3 SA, 9.00%, 09/01/28<sup>(a)</sup> |  | 111 | &nbsp;&nbsp; 132484 |
| INEOS Finance PLC<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/15/29 |  | 200 | &nbsp;&nbsp; 232535 |
| &nbsp;&nbsp;&nbsp; 7.25%, 03/31/31 |  | 100 | &nbsp;&nbsp; 117238 |
| ION Platform Finance SARL<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 09/30/30 |  | 131 | &nbsp;&nbsp; 153801 |
| &nbsp;&nbsp;&nbsp; 09/30/32 |  | 109 | &nbsp;&nbsp; 127971 |
| ION Trading Technologies SARL, 5.75%, 05/15/28<sup>(c)</sup> | USD | 200 | &nbsp;&nbsp; 196266 |
| Kleopatra Finco SARL, 4.25%, 03/01/26<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; 66089 |
| Maxam Prill SARL, 6.00%, 07/15/30<sup>(a)</sup> |  | 354 | &nbsp;&nbsp; 421938 |
| &nbsp;&nbsp;&nbsp; Summer BC Holdco B SARL, (3-mo. EURIBOR + <br> 4.25%), 6.29%, 02/15/30<sup>(a)(b)</sup><br>|  | 100 | &nbsp;&nbsp; 115294 |
| &nbsp;&nbsp;&nbsp; Vivion Investments SARL, (6.50% PIK), 6.50%, <br> 02/28/29<sup>(a)(k)</sup><br>|  | 122 | &nbsp;&nbsp; 141935 |
|  |  |  | &nbsp;&nbsp; 3472065 |
| **Macau — 0.3%** | **Macau — 0.3%** | **Macau — 0.3%** | **Macau — 0.3%** |
| Sands China Ltd., 4.38%, 06/18/30 | USD | 500 | &nbsp;&nbsp; 491000 |
| Studio City Finance Ltd., 5.00%, 01/15/29<sup>(a)</sup> |  | 488 | &nbsp;&nbsp; 470432 |
| Wynn Macau Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/26/28<sup>(a)</sup> |  | 1204 | &nbsp;&nbsp; 1201604 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/34<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 202740 |
|  |  |  | &nbsp;&nbsp; 2365776 |
| **Mexico — 0.6%** | **Mexico — 0.6%** | **Mexico — 0.6%** | **Mexico — 0.6%** |
| &nbsp;&nbsp;&nbsp; Banco Mercantil del Norte SA, (5-year CMT + 4.07%), <br> 8.38%<sup>(b)(c)(n)</sup><br>|  | 200 | &nbsp;&nbsp; 210900 |
| &nbsp;&nbsp;&nbsp; FIEMEX Energia - Banco Actinver SA Institucion de <br> Banca Multiple, 7.25%, 01/31/41<sup>(c)</sup><br>|  | 198 | &nbsp;&nbsp; 210423 |
| Food Service Project SA, 5.50%, 01/21/27<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; 117742 |
| Grupo Aeromexico SAB de CV, 8.25%, 11/15/29<sup>(a)</sup> | USD | 200 | &nbsp;&nbsp; 199020 |
| &nbsp;&nbsp;&nbsp; Grupo Posadas SAB de CV, (5.00% Cash or 7.00% PIK), <br> 8.00%, 12/30/27<sup>(a)(k)(m)</sup><br>|  | 114 | &nbsp;&nbsp; 112069 |
| Petroleos Mexicanos |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 10/16/25 |  | 162 | &nbsp;&nbsp; 161854 |
| &nbsp;&nbsp;&nbsp; 7.50%, 03/31/26<sup>(c)</sup> |  | 2154 | &nbsp;&nbsp; 2141076 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/16/26<sup>(a)</sup> | EUR | 115 | &nbsp;&nbsp; 135058 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/13/27 | USD | 892 | &nbsp;&nbsp; 902481 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/26/29<sup>(a)</sup> | EUR | 164 | &nbsp;&nbsp; 193700 |
| &nbsp;&nbsp;&nbsp; 8.75%, 06/02/29 | USD | 258 | &nbsp;&nbsp; 278313 |
| &nbsp;&nbsp;&nbsp; 6.84%, 01/23/30 |  | 219 | &nbsp;&nbsp; 222835 |
| &nbsp;&nbsp;&nbsp; 5.95%, 01/28/31 |  | 374 | &nbsp;&nbsp; 362593 |
| &nbsp;&nbsp;&nbsp; 6.70%, 02/16/32 |  | 58 | &nbsp;&nbsp; 57492 |
|  |  |  | &nbsp;&nbsp; 5305556 |
| **Morocco**<sup>(c)</sup> **— 0.0%** | **Morocco**<sup>(c)</sup> **— 0.0%** | **Morocco**<sup>(c)</sup> **— 0.0%** | **Morocco**<sup>(c)</sup> **— 0.0%** |
| OCP SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/02/34 |  | 202 | &nbsp;&nbsp; 219928 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/02/54 |  | 200 | &nbsp;&nbsp; 221938 |
|  |  |  | &nbsp;&nbsp; 441866 |
| **Netherlands — 0.7%** | **Netherlands — 0.7%** | **Netherlands — 0.7%** | **Netherlands — 0.7%** |
| &nbsp;&nbsp;&nbsp; ABN AMRO Bank NV, (5-year EURIBOR ICE Swap + <br> 2.45%), 5.50%, 09/21/33<sup>(a)(b)</sup><br>| EUR | 800 | &nbsp;&nbsp; 997788 |
| Boels Topholding BV, 5.75%, 05/15/30<sup>(a)</sup> |  | 144 | &nbsp;&nbsp; 175342 |
| Cooperatieve Rabobank UA, 4.00%, 01/10/30<sup>(a)</sup> |  | 700 | &nbsp;&nbsp; 857905 |
| Heineken NV, 05/03/34<sup>(a)(d)</sup> |  | 180 | &nbsp;&nbsp; 212379 |
| IMCD NV, 2.13%, 03/31/27<sup>(a)</sup> |  | 1195 | &nbsp;&nbsp; 1388822 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Netherlands (continued)** | **Netherlands (continued)** | **Netherlands (continued)** | **Netherlands (continued)** |
| ING Groep NV<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 0.88%), 0.88%, 11/29/30 | EUR | 600 | &nbsp;&nbsp; $645913 |
| &nbsp;&nbsp;&nbsp; (5-year EUR Swap + 1.78%), 4.25%, 08/26/35 |  | 200 | &nbsp;&nbsp; 241166 |
| Q-Park Holding I BV<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/01/29 |  | 100 | &nbsp;&nbsp; 121082 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/15/30 |  | 215 | &nbsp;&nbsp; 260724 |
| Sunrise FinCo I BV, 4.88%, 07/15/31<sup>(c)</sup> | USD | 200 | &nbsp;&nbsp; 190530 |
| Trivium Packaging Finance BV, 12.25%, 01/15/31<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 216468 |
| VZ Secured Financing BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/15/32<sup>(a)</sup> | EUR | 270 | &nbsp;&nbsp; 299068 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/32<sup>(c)</sup> | USD | 201 | &nbsp;&nbsp; 181848 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/15/33<sup>(a)</sup> | EUR | 153 | &nbsp;&nbsp; 179622 |
| VZ Vendor Financing II BV, 2.88%, 01/15/29<sup>(a)</sup> |  | 170 | &nbsp;&nbsp; 188150 |
|  |  |  | &nbsp;&nbsp; 6156807 |
| **Nigeria — 0.0%** | **Nigeria — 0.0%** | **Nigeria — 0.0%** | **Nigeria — 0.0%** |
| IHS Holding Ltd., 6.25%, 11/29/28<sup>(c)</sup> | USD | 200 | &nbsp;&nbsp; 200375 |
| **Peru — 0.0%** | **Peru — 0.0%** | **Peru — 0.0%** | **Peru — 0.0%** |
| &nbsp;&nbsp;&nbsp; Pluspetrol Camisea SA/Pluspetrol Lote 56 SA, 6.24%, <br> 07/03/36<sup>(c)</sup><br>|  | 100 | &nbsp;&nbsp; 106740 |
| Volcan Cia Minera SAA |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.75%, 01/24/30<sup>(c)</sup> |  | 83 | &nbsp;&nbsp; 86096 |
| &nbsp;&nbsp;&nbsp; 8.75%, 01/24/30<sup>(a)</sup> |  | 61 | &nbsp;&nbsp; 63275 |
|  |  |  | &nbsp;&nbsp; 256111 |
| **Philippines**<sup>(a)(n)</sup> **— 0.1%** | **Philippines**<sup>(a)(n)</sup> **— 0.1%** | **Philippines**<sup>(a)(n)</sup> **— 0.1%** | **Philippines**<sup>(a)(n)</sup> **— 0.1%** |
| ACEN Finance Ltd., 4.00% |  | 267 | &nbsp;&nbsp; 177555 |
| Petron Corp., (5-year CMT + 7.57%), 5.95%<sup>(b)</sup> |  | 444 | &nbsp;&nbsp; 443583 |
| &nbsp;&nbsp;&nbsp; San Miguel Global Power Holdings Corp., (1-year CMT + <br> 6.40%), 8.13%<sup>(b)</sup><br>|  | 650 | &nbsp;&nbsp; 654062 |
|  |  |  | &nbsp;&nbsp; 1275200 |
| **Portugal**<sup>(a)(b)</sup> **— 0.0%** | **Portugal**<sup>(a)(b)</sup> **— 0.0%** | **Portugal**<sup>(a)(b)</sup> **— 0.0%** | **Portugal**<sup>(a)(b)</sup> **— 0.0%** |
| EDP SA |  |  |  |
| &nbsp;&nbsp;&nbsp; (5-year EUR Swap + 2.38%), 1.88%, 08/02/81 | EUR | 200 | &nbsp;&nbsp; 232617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5-year EURIBOR ICE Swap + 2.40%), 4.63%, <br> 09/16/54<br>|  | 100 | &nbsp;&nbsp; 120703 |
|  |  |  | &nbsp;&nbsp; 353320 |
| **Saudi Arabia — 0.2%** | **Saudi Arabia — 0.2%** | **Saudi Arabia — 0.2%** | **Saudi Arabia — 0.2%** |
| &nbsp;&nbsp;&nbsp; Al Rajhi Sukuk Ltd., (6 year USD CMT + 1.59%), <br> 6.25%<sup>(a)(b)(n)</sup><br>| USD | 200 | &nbsp;&nbsp; 201664 |
| Greensaif Pipelines Bidco SARL, 6.10%, 08/23/42<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 210112 |
| Saudi Arabian Oil Co., 4.75%, 06/02/30<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 202800 |
| &nbsp;&nbsp;&nbsp; Saudi Electricity Sukuk Programme Co., 4.94%, <br> 02/13/29<sup>(a)</sup><br>|  | 200 | &nbsp;&nbsp; 203596 |
| SRC Sukuk Ltd.<sup>(a)(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 04/02/29 |  | 438 | &nbsp;&nbsp; 437495 |
| &nbsp;&nbsp;&nbsp; 10/02/35 |  | 285 | &nbsp;&nbsp; 282467 |
|  |  |  | &nbsp;&nbsp; 1538134 |
| **Singapore — 0.0%** | **Singapore — 0.0%** | **Singapore — 0.0%** | **Singapore — 0.0%** |
| Puma International Financing SA, 7.75%, 04/25/29<sup>(a)</sup> |  | 435 | &nbsp;&nbsp; 448141 |
| **Slovenia**<sup>(a)</sup> **— 0.0%** | **Slovenia**<sup>(a)</sup> **— 0.0%** | **Slovenia**<sup>(a)</sup> **— 0.0%** | **Slovenia**<sup>(a)</sup> **— 0.0%** |
| United Group BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/31/31 | EUR | 100 | &nbsp;&nbsp; 118889 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 4.25%), 6.29%, 02/15/31<sup>(b)</sup> |  | 100 | &nbsp;&nbsp; 117679 |
|  |  |  | &nbsp;&nbsp; 236568 |
| **South Africa — 0.1%** | **South Africa — 0.1%** | **South Africa — 0.1%** | **South Africa — 0.1%** |
| Sappi Papier Holding GmbH, 4.50%, 03/15/32<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 231630 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **South Africa (continued)** | **South Africa (continued)** | **South Africa (continued)** | **South Africa (continued)** |
| Sasol Financing USA LLC, 6.50%, 09/27/28 | USD | 200 | &nbsp;&nbsp; $199062 |
| Transnet, 8.25%, 02/06/28<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 210824 |
|  |  |  | &nbsp;&nbsp; 641516 |
| **South Korea**<sup>(a)</sup> **— 0.1%** | **South Korea**<sup>(a)</sup> **— 0.1%** | **South Korea**<sup>(a)</sup> **— 0.1%** | **South Korea**<sup>(a)</sup> **— 0.1%** |
| Hyundai Card Co. Ltd., 5.75%, 04/24/29 |  | 200 | &nbsp;&nbsp; 207836 |
| LG Energy Solution Ltd., 5.38%, 04/02/30 |  | 300 | &nbsp;&nbsp; 307359 |
| &nbsp;&nbsp;&nbsp; Tongyang Life Insurance Co. Ltd., (5-year CMT + <br> 2.40%), 6.25%, 05/07/35<sup>(b)</sup><br>|  | 500 | &nbsp;&nbsp; 521477 |
|  |  |  | &nbsp;&nbsp; 1036672 |
| **Spain**<sup>(a)</sup> **— 0.2%** | **Spain**<sup>(a)</sup> **— 0.2%** | **Spain**<sup>(a)</sup> **— 0.2%** | **Spain**<sup>(a)</sup> **— 0.2%** |
| &nbsp;&nbsp;&nbsp; Abanca Corp. Bancaria SA, (5-year EURIBOR ICE Swap <br> + 2.45%), 4.63%, 12/11/36<sup>(b)</sup><br>| EUR | 100 | &nbsp;&nbsp; 120900 |
| &nbsp;&nbsp;&nbsp; Arena Luxembourg Finance SARL, (3-mo. EURIBOR + <br> 2.50%), 4.52%, 05/01/30<sup>(b)</sup><br>|  | 103 | &nbsp;&nbsp; 121677 |
| Bankinter SA<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (5-year EUR Swap + 6.71%), 6.25%<sup>(n)</sup> |  | 200 | &nbsp;&nbsp; 237158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5-year EURIBOR ICE Swap + 2.35%), 5.00%, <br> 06/25/34<br>|  | 100 | &nbsp;&nbsp; 123106 |
| &nbsp;&nbsp;&nbsp; CaixaBank SA, (5-year EURIBOR ICE Swap + 3.94%), <br> 6.25%<sup>(b)(n)</sup><br>|  | 200 | &nbsp;&nbsp; 245636 |
| Cellnex Telecom SA, Series CLNX, 0.75%, 11/20/31<sup>(l)</sup> |  | 100 | &nbsp;&nbsp; 106038 |
| Gestamp Automocion SA, 10/15/30<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 117869 |
| Grifols SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 05/01/30 |  | 100 | &nbsp;&nbsp; 123672 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/01/30 |  | 200 | &nbsp;&nbsp; 247417 |
| Lorca Telecom Bondco SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/18/27 |  | 100 | &nbsp;&nbsp; 117396 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/30/29 |  | 168 | &nbsp;&nbsp; 205271 |
|  |  |  | &nbsp;&nbsp; 1766140 |
| **Sweden — 0.1%** | **Sweden — 0.1%** | **Sweden — 0.1%** | **Sweden — 0.1%** |
| Atlas Copco Finance DAC<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 0.13%, 09/03/29 |  | 200 | &nbsp;&nbsp; 212575 |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/01/35 |  | 349 | &nbsp;&nbsp; 410357 |
| Balder Finland OYJ, 1.00%, 01/20/29<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 109317 |
| Dometic Group AB, 5.00%, 09/11/30<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 117837 |
| Heimstaden Bostad Treasury BV, 1.38%, 03/03/27 |  | 136 | &nbsp;&nbsp; 156597 |
| Preem Holdings AB, 12.00%, 06/30/27<sup>(a)</sup> |  | 80 | &nbsp;&nbsp; 97116 |
| Stena International SA, 7.25%, 01/15/31<sup>(c)</sup> | USD | 200 | &nbsp;&nbsp; 203904 |
|  |  |  | &nbsp;&nbsp; 1307703 |
| **Switzerland — 0.2%** | **Switzerland — 0.2%** | **Switzerland — 0.2%** | **Switzerland — 0.2%** |
| Dufry One BV, 4.50%, 05/23/32<sup>(a)</sup> | EUR | 200 | &nbsp;&nbsp; 241282 |
| gategroup Finance Luxembourg SA, 3.00%, 02/28/27<sup>(a)</sup> | CHF | 125 | &nbsp;&nbsp; 155332 |
| UBS Group AG<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 0.88%, 11/03/31 | EUR | 200 | &nbsp;&nbsp; 205101 |
| &nbsp;&nbsp;&nbsp; 0.63%, 02/24/33 |  | 1104 | &nbsp;&nbsp; 1062872 |
| &nbsp;&nbsp;&nbsp; VistaJet Malta Finance PLC/Vista Management Holding, <br> Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.50%, 06/01/28 | USD | 40 | &nbsp;&nbsp; 41641 |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/01/30 |  | 6 | &nbsp;&nbsp; 5848 |
|  |  |  | &nbsp;&nbsp; 1712076 |
| **Thailand — 0.2%** | **Thailand — 0.2%** | **Thailand — 0.2%** | **Thailand — 0.2%** |
| Bangkok Bank PCL/Hong Kong, 5.30%, 09/21/28<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 204874 |
| Muangthai Capital PCL<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/30/28 |  | 1000 | &nbsp;&nbsp; 1012500 |
| &nbsp;&nbsp;&nbsp; 7.55%, 07/21/30 |  | 300 | &nbsp;&nbsp; 310965 |
|  |  |  | &nbsp;&nbsp; 1528339 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Turkey — 0.0%** | **Turkey — 0.0%** | **Turkey — 0.0%** | **Turkey — 0.0%** |
| Sisecam U.K. PLC, 8.25%, 05/02/29<sup>(a)</sup> | USD | 200 | &nbsp;&nbsp; $206798 |
| Turk Telekomunikasyon A/S, 10/07/32<sup>(c)(d)</sup> |  | 200 | &nbsp;&nbsp; 200000 |
|  |  |  | &nbsp;&nbsp; 406798 |
| **Ukraine — 0.1%** | **Ukraine — 0.1%** | **Ukraine — 0.1%** | **Ukraine — 0.1%** |
| &nbsp;&nbsp;&nbsp; NAK Naftogaz Ukraine via Kondor Finance PLC, (7.13% <br> PIK), 7.13%, 07/19/26<sup>(a)(k)</sup><br>| EUR | 483 | &nbsp;&nbsp; 486031 |
| VF Ukraine PAT via VFU Funding PLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 9.63%, 02/11/27<sup>(a)</sup> | USD | 150 | &nbsp;&nbsp; 142543 |
| &nbsp;&nbsp;&nbsp; 9.63%, 02/11/27<sup>(c)</sup> |  | 150 | &nbsp;&nbsp; 142543 |
|  |  |  | &nbsp;&nbsp; 771117 |
| **United Arab Emirates**<sup>(a)</sup> **— 0.1%** | **United Arab Emirates**<sup>(a)</sup> **— 0.1%** | **United Arab Emirates**<sup>(a)</sup> **— 0.1%** | **United Arab Emirates**<sup>(a)</sup> **— 0.1%** |
| Alpha Star Holding VIII Ltd., 8.38%, 04/12/27 |  | 200 | &nbsp;&nbsp; 207562 |
| DP World Salaam, (5-year CMT + 5.75%), 6.00%<sup>(b)(n)</sup> |  | 400 | &nbsp;&nbsp; 400072 |
|  |  |  | &nbsp;&nbsp; 607634 |
| **United Kingdom — 2.0%** | **United Kingdom — 2.0%** | **United Kingdom — 2.0%** | **United Kingdom — 2.0%** |
| Amber Finco PLC, 6.63%, 07/15/29<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; 123399 |
| Ardonagh Finco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 02/15/31<sup>(a)</sup> |  | 318 | &nbsp;&nbsp; 385900 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/31<sup>(c)</sup> | USD | 200 | &nbsp;&nbsp; 209278 |
| Barclays PLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 2.98%), 6.22%, 05/09/34 |  | 200 | &nbsp;&nbsp; 215156 |
| &nbsp;&nbsp;&nbsp; (1-year CMT + 3.50%), 7.44%, 11/02/33 |  | 391 | &nbsp;&nbsp; 448643 |
| BCP V Modular Services Finance II PLC<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 11/30/28 | GBP | 123 | &nbsp;&nbsp; 154436 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/10/31 | EUR | 280 | &nbsp;&nbsp; 307333 |
| Bellis Acquisition Co. PLC<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, 05/14/30 | GBP | 250 | &nbsp;&nbsp; 321762 |
| &nbsp;&nbsp;&nbsp; 8.00%, 07/01/31 | EUR | 100 | &nbsp;&nbsp; 119151 |
| Belron U.K. Finance PLC, 4.63%, 10/15/29<sup>(a)</sup> |  | 139 | &nbsp;&nbsp; 167492 |
| Boots Group Finco LP<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 08/31/32 |  | 100 | &nbsp;&nbsp; 120781 |
| &nbsp;&nbsp;&nbsp; 7.38%, 08/31/32 | GBP | 100 | &nbsp;&nbsp; 137008 |
| &nbsp;&nbsp;&nbsp; California Buyer Ltd./Atlantica Sustainable Infrastructure <br> PLC, 5.63%, 02/15/32<sup>(a)</sup><br>| EUR | 300 | &nbsp;&nbsp; 366551 |
| CD&R Firefly Bidco PLC, 8.63%, 04/30/29<sup>(a)</sup> | GBP | 300 | &nbsp;&nbsp; 423899 |
| &nbsp;&nbsp;&nbsp; Connect Finco SARL/Connect U.S. Finco LLC, 9.00%, <br> 09/15/29<sup>(c)</sup><br>| USD | 200 | &nbsp;&nbsp; 210281 |
| ContourGlobal Power Holdings SA, 5.00%, 02/28/30<sup>(a)</sup> | EUR | 200 | &nbsp;&nbsp; 240360 |
| CPUK Finance Ltd., 4.50%, 08/28/27<sup>(a)</sup> | GBP | 100 | &nbsp;&nbsp; 131801 |
| EC Finance PLC, 3.25%, 10/15/26<sup>(a)</sup> | EUR | 200 | &nbsp;&nbsp; 230097 |
| Edge Finco PLC, 8.13%, 08/15/31<sup>(a)</sup> | GBP | 306 | &nbsp;&nbsp; 438804 |
| Froneri Lux FinCo SARL, 4.75%, 08/01/32<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; 118439 |
| &nbsp;&nbsp;&nbsp; Global Auto Holdings Ltd./AAG FH U.K. Ltd., 11.50%, <br> 08/15/29<sup>(c)</sup><br>| USD | 282 | &nbsp;&nbsp; 297510 |
| Heathrow Finance PLC<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/01/27<sup>(m)</sup> | GBP | 100 | &nbsp;&nbsp; 131492 |
| &nbsp;&nbsp;&nbsp; 4.13%, 09/01/29<sup>(m)</sup> |  | 130 | &nbsp;&nbsp; 162550 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/01/31 |  | 100 | &nbsp;&nbsp; 135133 |
| HSBC Holdings PLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-day SONIA GBP 2.12%), 6.80%, 09/14/31 |  | 1813 | &nbsp;&nbsp; 2630830 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 0.86%), 3.76%, 05/20/29<sup>(a)</sup> | EUR | 2094 | &nbsp;&nbsp; 2517333 |
| &nbsp;&nbsp;&nbsp; (3-Month BBSW + 1.60%), 5.64%, 08/28/36<sup>(a)</sup> | AUD | 400 | &nbsp;&nbsp; 265643 |
| Imperial Brands Finance PLC, 3.88%, 02/12/34<sup>(a)</sup> | EUR | 386 | &nbsp;&nbsp; 449201 |
| Informa PLC, 3.38%, 06/09/31<sup>(a)</sup> |  | 404 | &nbsp;&nbsp; 475196 |
| Ithaca Energy North Sea PLC, 5.50%, 10/01/31<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 118431 |
| Market Bidco Finco PLC<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/31/31 |  | 136 | &nbsp;&nbsp; 157672 |
| &nbsp;&nbsp;&nbsp; 8.75%, 01/31/31 | GBP | 100 | &nbsp;&nbsp; 132235 |
| Mobico Group PLC<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/26/31 | EUR | 100 | &nbsp;&nbsp; 92421 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United Kingdom (continued)** | **United Kingdom (continued)** | **United Kingdom (continued)** | **United Kingdom (continued)** |
| Mobico Group PLC<sup>(a)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; (5-year UK Government Bond + 4.14%), 4.25%<sup>(b)(n)</sup> | GBP | 100 | &nbsp;&nbsp; $82111 |
| Motability Operations Group PLC<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/24/34 | EUR | 332 | &nbsp;&nbsp; 394076 |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/17/35 |  | 100 | &nbsp;&nbsp; 121373 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/22/37 |  | 396 | &nbsp;&nbsp; 466472 |
| Motion Finco SARL, 7.38%, 06/15/30<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 211525 |
| &nbsp;&nbsp;&nbsp; NAK Naftogaz Ukraine via Kondor Finance PLC, (7.63% <br> PIK), 7.63%, 11/08/28<sup>(a)(k)</sup><br>| USD | 233 | &nbsp;&nbsp; 182723 |
| OEG Finance PLC, 7.25%, 09/27/29<sup>(a)</sup> | EUR | 200 | &nbsp;&nbsp; 245418 |
| Pinewood Finco PLC, 6.00%, 03/27/30<sup>(a)</sup> | GBP | 155 | &nbsp;&nbsp; 209661 |
| Pinnacle Bidco PLC, 10.00%, 10/11/28<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 283781 |
| SCC Power PLC<sup>(c)(k)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (4.00% Cash and 4.00% PIK), 8.00%, 12/31/28 | USD | 190 | &nbsp;&nbsp; 115057 |
| &nbsp;&nbsp;&nbsp; (4.00% Cash or 4.00% PIK), 4.00%, 05/17/32 |  | 13 | &nbsp;&nbsp; 3220 |
| Stonegate Pub Co. Financing PLC, 10.75%, 07/31/29<sup>(a)</sup> | GBP | 223 | &nbsp;&nbsp; 300733 |
| Synthomer PLC, 7.38%, 05/02/29<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; 108638 |
| &nbsp;&nbsp;&nbsp; Thames Water Super Senior Issuer PLC, 9.75%, <br> 10/10/27<sup>(c)</sup><br>| GBP | 5 | &nbsp;&nbsp; 7505 |
| Thames Water Utilities Finance PLC, 4.00%, 06/19/27<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 95655 |
| Thames Water Utilities Ltd., 0.00%, 03/22/27<sup>(c)(o)</sup> |  | 1 | &nbsp;&nbsp; 862 |
| TVL Finance PLC, 10.25%, 04/28/28<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 136157 |
| Virgin Media Secured Finance PLC, 4.50%, 08/15/30<sup>(c)</sup> | USD | 400 | &nbsp;&nbsp; 377136 |
| &nbsp;&nbsp;&nbsp; Virgin Media Vendor Financing Notes III DAC, 4.88%, <br> 07/15/28<sup>(a)</sup><br>| GBP | 400 | &nbsp;&nbsp; 523975 |
| Vmed O2 U.K. Financing I PLC<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/31/29 |  | 100 | &nbsp;&nbsp; 128083 |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/15/31 |  | 207 | &nbsp;&nbsp; 254702 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/15/32 | EUR | 209 | &nbsp;&nbsp; 251538 |
| Vodafone Group PLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (5-year CMT + 2.77%), 4.13%, 06/04/81 | USD | 32 | &nbsp;&nbsp; 29936 |
| &nbsp;&nbsp;&nbsp; (5-year EUR Swap + 3.48%), 3.00%, 08/27/80<sup>(a)</sup> | EUR | 500 | &nbsp;&nbsp; 565860 |
| Zegona Finance PLC, 6.75%, 07/15/29<sup>(a)</sup> |  | 257 | &nbsp;&nbsp; 319186 |
|  |  |  | &nbsp;&nbsp; 17851601 |
| **United States — 15.2%** | **United States — 15.2%** | **United States — 15.2%** | **United States — 15.2%** |
| AbbVie, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/21/49 | USD | 420 | &nbsp;&nbsp; 353842 |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/15/54 |  | 213 | &nbsp;&nbsp; 211793 |
| Acadia Healthcare Co., Inc., 7.38%, 03/15/33<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 103819 |
| Acrisure LLC/Acrisure Finance, Inc., 6.75%, 07/01/32<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 205937 |
| Adient Global Holdings Ltd., 7.50%, 02/15/33<sup>(c)</sup> |  | 195 | &nbsp;&nbsp; 201916 |
| AES Corp., (5-year CMT + 2.89%), 6.95%, 07/15/55<sup>(b)</sup> |  | 100 | &nbsp;&nbsp; 98138 |
| Aethon III BR LLC, 1.00%, 01/10/27<sup>(c)</sup> |  | 313 | &nbsp;&nbsp; 310828 |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon United Finance Corp., <br> 7.50%, 10/01/29<sup>(c)</sup><br>|  | 107 | &nbsp;&nbsp; 111590 |
| Air Products and Chemicals, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/03/35 | EUR | 358 | &nbsp;&nbsp; 433662 |
| &nbsp;&nbsp;&nbsp; 3.45%, 02/14/37 |  | 100 | &nbsp;&nbsp; 113399 |
| &nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New Albertsons <br> LP/Albertsons LLC<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/27 | USD | 100 | &nbsp;&nbsp; 99372 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33 |  | 123 | &nbsp;&nbsp; 125792 |
| Allegiant Travel Co., 7.25%, 08/15/27<sup>(c)</sup> |  | 88 | &nbsp;&nbsp; 89094 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings Co-<br> Issuer<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/28 |  | 319 | &nbsp;&nbsp; 324654 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/32 |  | 300 | &nbsp;&nbsp; 309130 |
| Allied Universal Holdco LLC, 7.88%, 02/15/31<sup>(c)</sup> |  | 228 | &nbsp;&nbsp; 239057 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance <br> Corp., 6.00%, 06/01/29<sup>(c)</sup><br>|  | 200 | &nbsp;&nbsp; 196611 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance <br> Corp./Atlas Luxco 4 SARL<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 06/01/28 | EUR | 100 | &nbsp;&nbsp; $116337 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/01/28 | GBP | 200 | &nbsp;&nbsp; 262957 |
| Alpha Generation LLC, 6.75%, 10/15/32<sup>(c)</sup> | USD | 90 | &nbsp;&nbsp; 92906 |
| Alphabet, Inc., 4.00%, 05/06/54 | EUR | 337 | &nbsp;&nbsp; 386155 |
| Amazon.com, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 05/12/51 | USD | 234 | &nbsp;&nbsp; 162791 |
| &nbsp;&nbsp;&nbsp; 4.10%, 04/13/62 |  | 363 | &nbsp;&nbsp; 292113 |
| AMC Networks, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 10.25%, 01/15/29<sup>(c)</sup> |  | 309 | &nbsp;&nbsp; 325609 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/29 |  | 226 | &nbsp;&nbsp; 196620 |
| &nbsp;&nbsp;&nbsp; 10.50%, 07/15/32<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 105744 |
| Amentum Holdings, Inc., 7.25%, 08/01/32<sup>(c)</sup> |  | 147 | &nbsp;&nbsp; 152640 |
| American Airlines Pass-Through Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class AA, 3.15%, 08/15/33 |  | 60 | &nbsp;&nbsp; 55833 |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class B, 3.85%, 08/15/29 |  | 45 | &nbsp;&nbsp; 43914 |
| American Airlines, Inc., 7.25%, 02/15/28<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 204891 |
| American Axle & Manufacturing, Inc., 5.00%, 10/01/29 |  | 84 | &nbsp;&nbsp; 79823 |
| &nbsp;&nbsp;&nbsp; American Express Co., (1-day SOFR + 1.22%), 4.92%, <br> 07/20/33<sup>(b)</sup><br>|  | 250 | &nbsp;&nbsp; 254352 |
| American International Group, Inc., 5.13%, 03/27/33 |  | 45 | &nbsp;&nbsp; 46293 |
| American Tower Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 0.95%, 10/05/30 | EUR | 1090 | &nbsp;&nbsp; 1153373 |
| &nbsp;&nbsp;&nbsp; 5.65%, 03/15/33 | USD | 548 | &nbsp;&nbsp; 578031 |
| &nbsp;&nbsp;&nbsp; 5.55%, 07/15/33 |  | 912 | &nbsp;&nbsp; 954707 |
| &nbsp;&nbsp;&nbsp; AmeriGas Partners LP/AmeriGas Finance Corp., 9.38%, <br> 06/01/28<sup>(c)</sup><br>|  | 128 | &nbsp;&nbsp; 131501 |
| Amgen, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.66%, 06/15/51 |  | 279 | &nbsp;&nbsp; 243720 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/02/63 |  | 449 | &nbsp;&nbsp; 447934 |
| AmWINS Group, Inc., 6.38%, 02/15/29<sup>(c)</sup> |  | 144 | &nbsp;&nbsp; 146928 |
| Aramark International Finance SARL, 4.38%, 04/15/33<sup>(a)</sup> | EUR | 200 | &nbsp;&nbsp; 235110 |
| Aramark Services, Inc., 5.00%, 02/01/28<sup>(c)</sup> | USD | 100 | &nbsp;&nbsp; 99528 |
| Arches Buyer, Inc., 4.25%, 06/01/28<sup>(c)</sup> |  | 93 | &nbsp;&nbsp; 91135 |
| Arcosa, Inc., 6.88%, 08/15/32<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 104449 |
| &nbsp;&nbsp;&nbsp; Ardagh Packaging Finance PLC/Ardagh Holdings USA, <br> Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 08/15/26<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; 115032 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/15/26<sup>(c)(e)</sup> | USD | 804 | &nbsp;&nbsp; 771840 |
| Aretec Group, Inc., 10.00%, 08/15/30<sup>(c)</sup> |  | 121 | &nbsp;&nbsp; 131830 |
| Arsenal AIC Parent LLC, 11.50%, 10/01/31<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 111063 |
| Asbury Automotive Group, Inc., 5.00%, 02/15/32<sup>(c)</sup> |  | 111 | &nbsp;&nbsp; 106586 |
| Ashton Woods USA LLC/Ashton Woods Finance Co.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/01/29 |  | 37 | &nbsp;&nbsp; 35430 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/01/30 |  | 97 | &nbsp;&nbsp; 91828 |
| &nbsp;&nbsp;&nbsp; 6.88%, 08/01/33 |  | 66 | &nbsp;&nbsp; 66566 |
| AT&T, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.65%, 06/01/51 |  | 868 | &nbsp;&nbsp; 627673 |
| &nbsp;&nbsp;&nbsp; 3.55%, 09/15/55 |  | 170 | &nbsp;&nbsp; 117150 |
| &nbsp;&nbsp;&nbsp; 3.65%, 09/15/59 |  | 854 | &nbsp;&nbsp; 583884 |
| ATI, Inc., 7.25%, 08/15/30 |  | 115 | &nbsp;&nbsp; 120714 |
| Avantor Funding, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/15/28 |  | 126 | &nbsp;&nbsp; 123941 |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/01/29 |  | 100 | &nbsp;&nbsp; 95097 |
| Avianca Midco 2 PLC, 9.00%, 12/01/28<sup>(a)</sup> |  | 221 | &nbsp;&nbsp; 220448 |
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/01/29 |  | 169 | &nbsp;&nbsp; 164803 |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/15/31 |  | 55 | &nbsp;&nbsp; 56899 |
| Azorra Finance Ltd., 7.25%, 01/15/31<sup>(c)</sup> |  | 40 | &nbsp;&nbsp; 41652 |
| Ball Corp., 4.25%, 07/01/32 | EUR | 103 | &nbsp;&nbsp; 123686 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Baltimore Gas and Electric Co., 5.40%, 06/01/53 | USD | 55 | &nbsp;&nbsp; $53988 |
| Bank of America Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.00%), 5.16%, 01/24/31 |  | 467 | &nbsp;&nbsp; 481984 |
| &nbsp;&nbsp;&nbsp; (3-mo. CME Term SOFR + 1.78%), 4.33%, 03/15/50 |  | 531 | &nbsp;&nbsp; 453039 |
| &nbsp;&nbsp;&nbsp; (3-mo. CME Term SOFR + 3.41%), 4.08%, 03/20/51 |  | 810 | &nbsp;&nbsp; 659151 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 0.89%), 1.66%, 04/25/28<sup>(a)</sup> | EUR | 1339 | &nbsp;&nbsp; 1552518 |
| Bausch & Lomb Corp., 8.38%, 10/01/28<sup>(c)</sup> | USD | 187 | &nbsp;&nbsp; 194889 |
| Beach Acquisition Bidco LLC, 5.25%, 07/15/32<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; 120350 |
| Becton Dickinson & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.69%, 02/13/28 | USD | 44 | &nbsp;&nbsp; 44555 |
| &nbsp;&nbsp;&nbsp; 5.08%, 06/07/29 |  | 72 | &nbsp;&nbsp; 73933 |
| &nbsp;&nbsp;&nbsp; Blue Racer Midstream LLC/Blue Racer Finance Corp., <br> 7.25%, 07/15/32<sup>(c)</sup><br>|  | 100 | &nbsp;&nbsp; 105166 |
| Booking Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 0.50%, 03/08/28 | EUR | 1103 | &nbsp;&nbsp; 1234251 |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/21/32 |  | 333 | &nbsp;&nbsp; 389351 |
| Boyd Gaming Corp., 4.75%, 06/15/31<sup>(c)</sup> | USD | 53 | &nbsp;&nbsp; 51092 |
| Bracelet Holdings, Inc., 9.25%, 07/02/28<sup>(c)</sup> |  | 536 | &nbsp;&nbsp; 515800 |
| Brink's Co., 6.75%, 06/15/32<sup>(c)</sup> |  | 85 | &nbsp;&nbsp; 88412 |
| Bristol-Myers Squibb Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 03/15/62 |  | 335 | &nbsp;&nbsp; 245584 |
| &nbsp;&nbsp;&nbsp; 5.65%, 02/22/64 |  | 35 | &nbsp;&nbsp; 34710 |
| Broadcom, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 11/15/31 |  | 247 | &nbsp;&nbsp; 256645 |
| &nbsp;&nbsp;&nbsp; 4.90%, 07/15/32 |  | 348 | &nbsp;&nbsp; 356000 |
| &nbsp;&nbsp;&nbsp; 5.20%, 07/15/35 |  | 1524 | &nbsp;&nbsp; 1570636 |
| Buckeye Partners LP, 6.88%, 07/01/29<sup>(c)</sup> |  | 58 | &nbsp;&nbsp; 60110 |
| Builders FirstSource, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/30 |  | 56 | &nbsp;&nbsp; 55431 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/32 |  | 100 | &nbsp;&nbsp; 94044 |
| Burlington Northern Santa Fe LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.05%, 02/15/51 |  | 362 | &nbsp;&nbsp; 245046 |
| &nbsp;&nbsp;&nbsp; 5.20%, 04/15/54 |  | 105 | &nbsp;&nbsp; 100767 |
| Caesars Entertainment, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/29 |  | 104 | &nbsp;&nbsp; 99448 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/32 |  | 145 | &nbsp;&nbsp; 147898 |
| California Resources Corp.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 06/15/29 |  | 97 | &nbsp;&nbsp; 101156 |
| &nbsp;&nbsp;&nbsp; 01/15/34<sup>(d)</sup> |  | 132 | &nbsp;&nbsp; 131091 |
| Camelot Return Merger Sub, Inc., 8.75%, 08/01/28<sup>(c)</sup> |  | 133 | &nbsp;&nbsp; 128678 |
| Cameron LNG LLC, 3.30%, 01/15/35<sup>(c)</sup> |  | 396 | &nbsp;&nbsp; 343846 |
| Capital One Financial Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.25%), 4.49%, 09/11/31 |  | 66 | &nbsp;&nbsp; 65466 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.63%), 5.20%, 09/11/36 |  | 47 | &nbsp;&nbsp; 46483 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 2.06%), 4.93%, 05/10/28 |  | 80 | &nbsp;&nbsp; 80824 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 2.64%), 6.31%, 06/08/29 |  | 101 | &nbsp;&nbsp; 105950 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 2.86%), 6.38%, 06/08/34 |  | 80 | &nbsp;&nbsp; 86534 |
| Carnival PLC, 1.00%, 10/28/29 | EUR | 130 | &nbsp;&nbsp; 138103 |
| CCO Holdings LLC/CCO Holdings Capital Corp.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/01/29 | USD | 280 | &nbsp;&nbsp; 283846 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/30 |  | 241 | &nbsp;&nbsp; 231256 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/32 |  | 232 | &nbsp;&nbsp; 214545 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/33 |  | 230 | &nbsp;&nbsp; 204484 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/34 |  | 100 | &nbsp;&nbsp; 86456 |
| Celanese U.S. Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/30 |  | 162 | &nbsp;&nbsp; 163059 |
| &nbsp;&nbsp;&nbsp; 7.05%, 11/15/30 |  | 52 | &nbsp;&nbsp; 53676 |
| Centene Corp., 4.25%, 12/15/27 |  | 400 | &nbsp;&nbsp; 392807 |
| &nbsp;&nbsp;&nbsp; Central Parent LLC/CDK Global II LLC/CDK Financing <br> Co., Inc., 8.00%, 06/15/29<sup>(c)</sup><br>|  | 207 | &nbsp;&nbsp; 182420 |
| Central Parent, Inc./CDK Global, Inc., 7.25%, 06/15/29<sup>(c)</sup> |  | 48 | &nbsp;&nbsp; 41331 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 12/01/61 | USD | 383 | &nbsp;&nbsp; $265384 |
| &nbsp;&nbsp;&nbsp; 3.95%, 06/30/62 |  | 868 | &nbsp;&nbsp; 549157 |
| Chemours Co.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/15/28 |  | 122 | &nbsp;&nbsp; 118996 |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/29 |  | 100 | &nbsp;&nbsp; 90346 |
| CHS/Community Health Systems, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/29 |  | 85 | &nbsp;&nbsp; 82504 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/30 |  | 200 | &nbsp;&nbsp; 180929 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/31 |  | 197 | &nbsp;&nbsp; 170355 |
| &nbsp;&nbsp;&nbsp; 10.88%, 01/15/32 |  | 100 | &nbsp;&nbsp; 105910 |
| Churchill Downs, Inc., 5.50%, 04/01/27<sup>(c)</sup> |  | 150 | &nbsp;&nbsp; 149789 |
| Cinemark USA, Inc., 5.25%, 07/15/28<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 99448 |
| Citibank N.A., Class BN, 4.58%, 05/29/27 |  | 572 | &nbsp;&nbsp; 577061 |
| Citigroup, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 09/09/30 |  | 3095 | &nbsp;&nbsp; 3095000 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 0.87%), 4.79%, 03/04/29 |  | 670 | &nbsp;&nbsp; 678630 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.14%), 4.64%, 05/07/28 |  | 103 | &nbsp;&nbsp; 103712 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.18%), 2.52%, 11/03/32 |  | 363 | &nbsp;&nbsp; 322480 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.46%), 4.95%, 05/07/31 |  | 1262 | &nbsp;&nbsp; 1285980 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.94%), 3.79%, 03/17/33 |  | 919 | &nbsp;&nbsp; 873034 |
| Civitas Resources, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/26 |  | 308 | &nbsp;&nbsp; 306519 |
| &nbsp;&nbsp;&nbsp; 8.38%, 07/01/28 |  | 141 | &nbsp;&nbsp; 146153 |
| &nbsp;&nbsp;&nbsp; 8.63%, 11/01/30 |  | 121 | &nbsp;&nbsp; 125315 |
| Clarios Global LP/Clarios U.S. Finance Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/28<sup>(c)</sup> |  | 120 | &nbsp;&nbsp; 122650 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/30<sup>(c)</sup> |  | 116 | &nbsp;&nbsp; 119829 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/31<sup>(a)</sup> | EUR | 111 | &nbsp;&nbsp; 132775 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/15/32<sup>(c)</sup> | USD | 100 | &nbsp;&nbsp; 102216 |
| Clear Channel Outdoor Holdings, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/01/30 |  | 105 | &nbsp;&nbsp; 110253 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/15/31 |  | 70 | &nbsp;&nbsp; 72356 |
| Cleveland-Cliffs, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/15/31 |  | 31 | &nbsp;&nbsp; 31953 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/15/32 |  | 163 | &nbsp;&nbsp; 164624 |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/01/33 |  | 100 | &nbsp;&nbsp; 102087 |
| Cloud Software Group, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/31/29 |  | 296 | &nbsp;&nbsp; 298670 |
| &nbsp;&nbsp;&nbsp; 9.00%, 09/30/29 |  | 267 | &nbsp;&nbsp; 276934 |
| Clydesdale Acquisition Holdings, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.75%, 04/15/30 |  | 206 | &nbsp;&nbsp; 211612 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/32 |  | 76 | &nbsp;&nbsp; 77965 |
| CNX Resources Corp., 7.25%, 03/01/32<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 103743 |
| Coca-Cola Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 03/15/51 |  | 25 | &nbsp;&nbsp; 15287 |
| &nbsp;&nbsp;&nbsp; 5.20%, 01/14/55 |  | 158 | &nbsp;&nbsp; 154781 |
| &nbsp;&nbsp;&nbsp; Cogent Communications Group LLC/Cogent Finance, <br> Inc., 7.00%, 06/15/27<sup>(c)</sup><br>|  | 131 | &nbsp;&nbsp; 130652 |
| Comcast Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 05/15/53 |  | 213 | &nbsp;&nbsp; 199729 |
| &nbsp;&nbsp;&nbsp; 2.94%, 11/01/56 |  | 271 | &nbsp;&nbsp; 160814 |
| &nbsp;&nbsp;&nbsp; 2.99%, 11/01/63 |  | 197 | &nbsp;&nbsp; 112490 |
| Compass Minerals International, Inc., 8.00%, 07/01/30<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 104518 |
| Comstock Resources, Inc., 6.75%, 03/01/29<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 198800 |
| Core Scientific, Inc., 0.00%, 06/15/31<sup>(c)(l)(o)</sup> |  | 44 | &nbsp;&nbsp; 49170 |
| CoreWeave, Inc., 9.25%, 06/01/30<sup>(c)</sup> |  | 167 | &nbsp;&nbsp; 172477 |
| Cornerstone Building Brands, Inc., 9.50%, 08/15/29<sup>(c)</sup> |  | 194 | &nbsp;&nbsp; 188498 |
| Credit Acceptance Corp., 9.25%, 12/15/28<sup>(c)</sup> |  | 3 | &nbsp;&nbsp; 3152 |
| Crescent Energy Finance LLC<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/15/33 |  | 219 | &nbsp;&nbsp; 213233 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Crescent Energy Finance LLC<sup>(c)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/34 | USD | 57 | &nbsp;&nbsp; $57752 |
| &nbsp;&nbsp;&nbsp; Crown Americas LLC/Crown Americas Capital Corp. V, <br> 4.25%, 09/30/26<br>|  | 72 | &nbsp;&nbsp; 71640 |
| Crown Castle, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.30%, 07/01/30 |  | 418 | &nbsp;&nbsp; 395994 |
| &nbsp;&nbsp;&nbsp; 2.25%, 01/15/31 |  | 751 | &nbsp;&nbsp; 668378 |
| CSC Holdings LLC<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 11.25%, 05/15/28 |  | 200 | &nbsp;&nbsp; 185152 |
| &nbsp;&nbsp;&nbsp; 11.75%, 01/31/29 |  | 200 | &nbsp;&nbsp; 168189 |
| CSX Corp., 4.10%, 11/15/32 |  | 325 | &nbsp;&nbsp; 319239 |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield U.S. Borrower LLC, 6.75%, <br> 05/15/28<sup>(c)</sup><br>|  | 36 | &nbsp;&nbsp; 36328 |
| CVR Energy, Inc., 8.50%, 01/15/29<sup>(c)</sup> |  | 108 | &nbsp;&nbsp; 110382 |
| Dana Financing Luxembourg SARL, 8.50%, 07/15/31<sup>(a)</sup> | EUR | 200 | &nbsp;&nbsp; 253086 |
| Darling Global Finance BV, 4.50%, 07/15/32<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 118535 |
| &nbsp;&nbsp;&nbsp; Delek Logistics Partners LP/Delek Logistics Finance <br> Corp.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 03/15/29 | USD | 117 | &nbsp;&nbsp; 122008 |
| &nbsp;&nbsp;&nbsp; 7.38%, 06/30/33 |  | 26 | &nbsp;&nbsp; 26439 |
| Delta Air Lines, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/10/28 |  | 940 | &nbsp;&nbsp; 951408 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/10/30 |  | 755 | &nbsp;&nbsp; 770245 |
| Directv Financing LLC, 8.88%, 02/01/30<sup>(c)</sup> |  | 165 | &nbsp;&nbsp; 163373 |
| &nbsp;&nbsp;&nbsp; Directv Financing LLC/Directv Financing Co-Obligor, Inc., <br> 10.00%, 02/15/31<sup>(c)</sup><br>|  | 200 | &nbsp;&nbsp; 199706 |
| DISH Network Corp.<sup>(l)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 12/15/25<sup>(o)</sup> |  | 254 | &nbsp;&nbsp; 250282 |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/15/26 |  | 72 | &nbsp;&nbsp; 69192 |
| EchoStar Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; (6.75% PIK), 6.75%, 11/30/30<sup>(k)</sup> |  | 104 | &nbsp;&nbsp; 106922 |
| &nbsp;&nbsp;&nbsp; 10.75%, 11/30/29 |  | 300 | &nbsp;&nbsp; 330051 |
| Elevance Health, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/15/53 |  | 230 | &nbsp;&nbsp; 210078 |
| &nbsp;&nbsp;&nbsp; 5.70%, 02/15/55 |  | 46 | &nbsp;&nbsp; 45529 |
| Eli Lilly & Co., 5.20%, 08/14/64 |  | 208 | &nbsp;&nbsp; 199998 |
| EMRLD Borrower LP/Emerald Co-Issuer, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 12/15/30<sup>(a)</sup> | EUR | 208 | &nbsp;&nbsp; 255127 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/15/31<sup>(c)</sup> | USD | 138 | &nbsp;&nbsp; 143334 |
| Encompass Health Corp., 4.75%, 02/01/30 |  | 57 | &nbsp;&nbsp; 56332 |
| Endo Finance Holdings, Inc., 8.50%, 04/15/31<sup>(c)</sup> |  | 107 | &nbsp;&nbsp; 114797 |
| Energizer Holdings, Inc., 4.38%, 03/31/29<sup>(c)</sup> |  | 79 | &nbsp;&nbsp; 75766 |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, (5-year CMT + 4.02%), 8.00%, <br> 05/15/54<sup>(b)</sup><br>|  | 20 | &nbsp;&nbsp; 21372 |
| Entegris, Inc., 5.95%, 06/15/30<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 202806 |
| Equinix, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 05/15/31 |  | 607 | &nbsp;&nbsp; 547095 |
| &nbsp;&nbsp;&nbsp; 3.90%, 04/15/32 |  | 239 | &nbsp;&nbsp; 229248 |
| EquipmentShare.com, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 05/15/28 |  | 49 | &nbsp;&nbsp; 51853 |
| &nbsp;&nbsp;&nbsp; 8.63%, 05/15/32 |  | 100 | &nbsp;&nbsp; 107964 |
| &nbsp;&nbsp;&nbsp; 8.00%, 03/15/33 |  | 31 | &nbsp;&nbsp; 33131 |
| Exelon Corp., 4.10%, 03/15/52 |  | 104 | &nbsp;&nbsp; 81322 |
| Exxon Mobil Corp., 1.41%, 06/26/39 | EUR | 233 | &nbsp;&nbsp; 199343 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta Entertainment <br> Finance Co., Inc., 6.75%, 01/15/30<sup>(c)</sup><br>| USD | 151 | &nbsp;&nbsp; 141703 |
| &nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc., 1.00%, <br> 12/03/28<br>| EUR | 403 | &nbsp;&nbsp; 447709 |
| FirstCash, Inc., 6.88%, 03/01/32<sup>(c)</sup> | USD | 72 | &nbsp;&nbsp; 74420 |
| FirstEnergy Transmission LLC, 4.55%, 04/01/49<sup>(c)</sup> |  | 309 | &nbsp;&nbsp; 263772 |
| Fiserv, Inc., 5.63%, 08/21/33 |  | 146 | &nbsp;&nbsp; 153278 |
| Five Point Operating Co. LP, 8.00%, 10/01/30<sup>(c)</sup> |  | 27 | &nbsp;&nbsp; 27399 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Florida Power & Light Co., 2.88%, 12/04/51 | USD | 913 | &nbsp;&nbsp; $589935 |
| Focus Financial Partners LLC, 6.75%, 09/15/31<sup>(c)</sup> |  | 26 | &nbsp;&nbsp; 26627 |
| Ford Motor Credit Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.95%, 06/10/26 |  | 210 | &nbsp;&nbsp; 212730 |
| &nbsp;&nbsp;&nbsp; 4.54%, 08/01/26 |  | 200 | &nbsp;&nbsp; 199829 |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/05/26 |  | 340 | &nbsp;&nbsp; 341127 |
| Freedom Mortgage Corp.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 12.00%, 10/01/28 |  | 15 | &nbsp;&nbsp; 15900 |
| &nbsp;&nbsp;&nbsp; 12.25%, 10/01/30 |  | 168 | &nbsp;&nbsp; 187411 |
| Freedom Mortgage Holdings LLC<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.25%, 02/01/29 |  | 100 | &nbsp;&nbsp; 105218 |
| &nbsp;&nbsp;&nbsp; 9.13%, 05/15/31 |  | 129 | &nbsp;&nbsp; 137198 |
| &nbsp;&nbsp;&nbsp; Frontier Communications Holdings LLC, 5.00%, <br> 05/01/28<sup>(c)</sup><br>|  | 200 | &nbsp;&nbsp; 199550 |
| FTAI Aviation Investors LLC<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/01/31 |  | 68 | &nbsp;&nbsp; 71132 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/15/33 |  | 100 | &nbsp;&nbsp; 100627 |
| Full House Resorts, Inc., 8.25%, 02/15/28<sup>(c)</sup> |  | 50 | &nbsp;&nbsp; 46403 |
| Gap, Inc., 3.88%, 10/01/31<sup>(c)</sup> |  | 80 | &nbsp;&nbsp; 72689 |
| Gen Digital, Inc., 6.75%, 09/30/27<sup>(c)</sup> |  | 94 | &nbsp;&nbsp; 95441 |
| General Electric Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 09/19/35<sup>(a)</sup> | EUR | 576 | &nbsp;&nbsp; 710739 |
| &nbsp;&nbsp;&nbsp; 2.13%, 05/17/37 |  | 586 | &nbsp;&nbsp; 591799 |
| General Motors Financial Co., Inc., 5.45%, 07/15/30 | USD | 307 | &nbsp;&nbsp; 316267 |
| &nbsp;&nbsp;&nbsp; Genesis Energy LP/Genesis Energy Finance Corp., <br> 8.00%, 05/15/33<br>|  | 160 | &nbsp;&nbsp; 167352 |
| GFL Environmental, Inc., 4.00%, 08/01/28<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 97628 |
| Gilead Sciences, Inc., 2.80%, 10/01/50 |  | 937 | &nbsp;&nbsp; 605018 |
| &nbsp;&nbsp;&nbsp; Global Partners LP/GLP Finance Corp., 8.25%, <br> 01/15/32<sup>(c)</sup><br>|  | 37 | &nbsp;&nbsp; 39023 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Bank USA/New York, Series BKNT, <br> 6.60%, 09/12/30<sup>(b)</sup><br>|  | 3095 | &nbsp;&nbsp; 3095000 |
| Goldman Sachs Group, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.38%), 5.54%, 01/28/36 |  | 597 | &nbsp;&nbsp; 623175 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.41%), 3.10%, 02/24/33 |  | 1482 | &nbsp;&nbsp; 1359556 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.58%), 5.22%, 04/23/31 |  | 1987 | &nbsp;&nbsp; 2054768 |
| &nbsp;&nbsp;&nbsp; (3-mo. CME Term SOFR + 1.56%), 4.22%, 05/01/29 |  | 887 | &nbsp;&nbsp; 888035 |
| Goodyear Tire & Rubber Co., 5.63%, 04/30/33 |  | 165 | &nbsp;&nbsp; 153519 |
| Graphic Packaging International LLC, 6.38%, 07/15/32<sup>(c)</sup> |  | 62 | &nbsp;&nbsp; 62959 |
| Gray Media, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10.50%, 07/15/29 |  | 124 | &nbsp;&nbsp; 134075 |
| &nbsp;&nbsp;&nbsp; 9.63%, 07/15/32 |  | 60 | &nbsp;&nbsp; 61298 |
| GS Finance Corp., 8.75%, 02/14/30<sup>(b)</sup> |  | 1930 | &nbsp;&nbsp; 1949261 |
| Harvest Midstream I LP, 7.50%, 09/01/28<sup>(c)</sup> |  | 97 | &nbsp;&nbsp; 98044 |
| HCA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.20%, 03/01/55 |  | 436 | &nbsp;&nbsp; 450075 |
| &nbsp;&nbsp;&nbsp; 6.10%, 04/01/64 |  | 292 | &nbsp;&nbsp; 293177 |
| &nbsp;&nbsp;&nbsp; Helios Software Holdings, Inc./ION Corporate Solutions <br> Finance SARL, 7.88%, 05/01/29<sup>(a)</sup><br>| EUR | 326 | &nbsp;&nbsp; 400493 |
| Herc Holdings, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/27 | USD | 122 | &nbsp;&nbsp; 121695 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/30 |  | 50 | &nbsp;&nbsp; 51936 |
| Hess Midstream Operations LP, 5.88%, 03/01/28<sup>(c)</sup> |  | 113 | &nbsp;&nbsp; 115190 |
| Hilcorp Energy I LP/Hilcorp Finance Co.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/31 |  | 94 | &nbsp;&nbsp; 90528 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/34 |  | 211 | &nbsp;&nbsp; 202866 |
| Hilton Domestic Operating Co., Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/31 |  | 103 | &nbsp;&nbsp; 97462 |
| &nbsp;&nbsp;&nbsp; 3.63%, 02/15/32 |  | 20 | &nbsp;&nbsp; 18302 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/33 |  | 106 | &nbsp;&nbsp; 108204 |
| &nbsp;&nbsp;&nbsp; Hilton Grand Vacations Borrower LLC/Hilton Grand <br> Vacations Borrower, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/29 |  | 99 | &nbsp;&nbsp; 95204 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; Hilton Grand Vacations Borrower LLC/Hilton Grand <br> Vacations Borrower, Inc.<sup>(c)</sup> (continued)<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/01/31 | USD | 2 | &nbsp;&nbsp; $1866 |
| Hologic, Inc., 3.25%, 02/15/29<sup>(c)</sup> |  | 120 | &nbsp;&nbsp; 115871 |
| Home Depot, Inc., 5.40%, 06/25/64 |  | 787 | &nbsp;&nbsp; 777476 |
| Howard Hughes Corp., 5.38%, 08/01/28<sup>(c)</sup> |  | 104 | &nbsp;&nbsp; 103589 |
| HUB International Ltd., 7.25%, 06/15/30<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 208581 |
| Humana, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 03/23/29 |  | 44 | &nbsp;&nbsp; 42998 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/15/31 |  | 185 | &nbsp;&nbsp; 190293 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital America, (1-day SOFR + 1.35%), <br> 5.50%, 03/27/30<sup>(a)(b)</sup><br>|  | 800 | &nbsp;&nbsp; 806960 |
| iHeartCommunications, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.13%, 05/01/29 |  | 100 | &nbsp;&nbsp; 89939 |
| &nbsp;&nbsp;&nbsp; 7.75%, 08/15/30 |  | 75 | &nbsp;&nbsp; 62077 |
| Intel Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 02/10/33 |  | 83 | &nbsp;&nbsp; 84856 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/10/43 |  | 81 | &nbsp;&nbsp; 79432 |
| &nbsp;&nbsp;&nbsp; 3.73%, 12/08/47 |  | 251 | &nbsp;&nbsp; 185392 |
| &nbsp;&nbsp;&nbsp; 5.90%, 02/10/63 |  | 46 | &nbsp;&nbsp; 44804 |
| IQVIA, Inc., 5.00%, 10/15/26<sup>(c)</sup> |  | 203 | &nbsp;&nbsp; 202752 |
| Iron Mountain, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/29<sup>(c)</sup> |  | 170 | &nbsp;&nbsp; 175190 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/32<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 198932 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/34<sup>(a)</sup> | EUR | 117 | &nbsp;&nbsp; 137667 |
| ITT Holdings LLC, 6.50%, 08/01/29<sup>(c)</sup> | USD | 211 | &nbsp;&nbsp; 207441 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance, Inc., 7.13%, <br> 04/30/31<sup>(c)</sup><br>|  | 116 | &nbsp;&nbsp; 121672 |
| &nbsp;&nbsp;&nbsp; Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, <br> 08/15/28<sup>(c)</sup><br>|  | 200 | &nbsp;&nbsp; 193237 |
| Jefferson Capital Holdings LLC, 8.25%, 05/15/30<sup>(c)</sup> |  | 18 | &nbsp;&nbsp; 18825 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue Loyalty LP, 9.88%, <br> 09/20/31<sup>(c)</sup><br>|  | 200 | &nbsp;&nbsp; 202854 |
| &nbsp;&nbsp;&nbsp; JetBlue Pass-Through Trust, Series 2019-1, Class AA, <br> 2.75%, 11/15/33<br>|  | 60 | &nbsp;&nbsp; 52715 |
| Johnson & Johnson |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 05/20/35 | EUR | 514 | &nbsp;&nbsp; 524823 |
| &nbsp;&nbsp;&nbsp; 3.35%, 02/26/37 |  | 100 | &nbsp;&nbsp; 116190 |
| JPMorgan Chase & Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.44%), 5.10%, 04/22/31 | USD | 2540 | &nbsp;&nbsp; 2624125 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.58%), 3.33%, 04/22/52 |  | 1677 | &nbsp;&nbsp; 1206486 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.64%), 5.58%, 07/23/36 |  | 71 | &nbsp;&nbsp; 73604 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 2.58%), 5.72%, 09/14/33 |  | 55 | &nbsp;&nbsp; 58164 |
| &nbsp;&nbsp;&nbsp; (3-mo. CME Term SOFR + 2.52%), 2.96%, 05/13/31 |  | 47 | &nbsp;&nbsp; 44080 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 0.87%), 1.05%, 11/04/32<sup>(a)</sup> | EUR | 813 | &nbsp;&nbsp; 843559 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 1.28%), 4.46%, 11/13/31<sup>(a)</sup> |  | 649 | &nbsp;&nbsp; 811029 |
| &nbsp;&nbsp;&nbsp; KeHE Distributors LLC/KeHE Finance Corp./NextWave <br> Distribution, Inc., 9.00%, 02/15/29<sup>(c)</sup><br>|  | 153 | &nbsp;&nbsp; 160979 |
| KLA Corp., 5.25%, 07/15/62 |  | 214 | &nbsp;&nbsp; 205531 |
| Kohl's Corp., 5.13%, 05/01/31 |  | 115 | &nbsp;&nbsp; 90787 |
| Kronos International, Inc., 9.50%, 03/15/29<sup>(a)</sup> | EUR | 105 | &nbsp;&nbsp; 129910 |
| Lamar Media Corp., 4.88%, 01/15/29 | USD | 113 | &nbsp;&nbsp; 111986 |
| Lamb Weston Holdings, Inc., 4.38%, 01/31/32<sup>(c)</sup> |  | 55 | &nbsp;&nbsp; 51982 |
| LBM Acquisition LLC, 6.25%, 01/15/29<sup>(c)</sup> |  | 53 | &nbsp;&nbsp; 49058 |
| LCM Investments Holdings II LLC, 8.25%, 08/01/31<sup>(c)</sup> |  | 155 | &nbsp;&nbsp; 163929 |
| Lessen Holdings, Inc., 12.48%, 01/05/28<sup>(c)(e)</sup> |  | 799 | &nbsp;&nbsp; 743342 |
| Level 3 Financing, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/30/33 |  | 118 | &nbsp;&nbsp; 120634 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/31/34 |  | 110 | &nbsp;&nbsp; 111904 |
| LGI Homes, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.75%, 12/15/28 |  | 131 | &nbsp;&nbsp; 137526 |
| &nbsp;&nbsp;&nbsp; 7.00%, 11/15/32 |  | 304 | &nbsp;&nbsp; 296833 |
| LifePoint Health, Inc., 11.00%, 10/15/30<sup>(c)</sup> |  | 174 | &nbsp;&nbsp; 191775 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Light & Wonder International, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 11/15/29 | USD | 31 | &nbsp;&nbsp; $31818 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/01/31 |  | 90 | &nbsp;&nbsp; 93596 |
| Lithia Motors, Inc., 4.38%, 01/15/31<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 94962 |
| Live Nation Entertainment, Inc., 4.75%, 10/15/27<sup>(c)</sup> |  | 150 | &nbsp;&nbsp; 149007 |
| Magnera Corp.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/15/29 |  | 105 | &nbsp;&nbsp; 92957 |
| &nbsp;&nbsp;&nbsp; 7.25%, 11/15/31 |  | 100 | &nbsp;&nbsp; 94098 |
| Match Group Holdings II LLC, 4.13%, 08/01/30<sup>(c)</sup> |  | 56 | &nbsp;&nbsp; 52892 |
| Mauser Packaging Solutions Holding Co.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/27 |  | 93 | &nbsp;&nbsp; 93912 |
| &nbsp;&nbsp;&nbsp; 9.25%, 04/15/27 |  | 320 | &nbsp;&nbsp; 320732 |
| McAfee Corp., 7.38%, 02/15/30<sup>(c)</sup> |  | 155 | &nbsp;&nbsp; 143777 |
| McGraw-Hill Education, Inc., 7.38%, 09/01/31<sup>(c)</sup> |  | 80 | &nbsp;&nbsp; 83116 |
| Medline Borrower LP<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/01/29 |  | 281 | &nbsp;&nbsp; 271009 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/29 |  | 269 | &nbsp;&nbsp; 266674 |
| Medtronic Global Holdings SCA, 1.38%, 10/15/40 | EUR | 543 | &nbsp;&nbsp; 452934 |
| Medtronic, Inc., 4.20%, 10/15/45 |  | 100 | &nbsp;&nbsp; 117024 |
| Meta Platforms, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 08/15/62 | USD | 478 | &nbsp;&nbsp; 409941 |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/15/63 |  | 180 | &nbsp;&nbsp; 185123 |
| Methanex U.S. Operations, Inc., 6.25%, 03/15/32<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 101747 |
| MGM Resorts International, 6.50%, 04/15/32 |  | 105 | &nbsp;&nbsp; 106973 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority/MS Digital <br> Entertainment Holdings LLC, 11.88%, 04/15/31<sup>(c)</sup><br>|  | 194 | &nbsp;&nbsp; 203350 |
| Molina Healthcare, Inc., 3.88%, 11/15/30<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 92539 |
| Morgan Stanley<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.22%), 5.04%, 07/19/30 |  | 2362 | &nbsp;&nbsp; 2420722 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.38%), 4.99%, 04/12/29 |  | 2247 | &nbsp;&nbsp; 2291881 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.87%), 5.25%, 04/21/34 |  | 1875 | &nbsp;&nbsp; 1933545 |
| &nbsp;&nbsp;&nbsp; (3-mo. EURIBOR + 1.30%), 4.66%, 03/02/29 | EUR | 1205 | &nbsp;&nbsp; 1477266 |
| &nbsp;&nbsp;&nbsp; MPT Operating Partnership LP/MPT Finance Corp., <br> 7.00%, 02/15/32<sup>(a)</sup><br>|  | 250 | &nbsp;&nbsp; 306699 |
| National Grid North America, Inc., 1.05%, 01/20/31<sup>(a)</sup> |  | 406 | &nbsp;&nbsp; 426944 |
| Nationstar Mortgage Holdings, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/27 | USD | 75 | &nbsp;&nbsp; 75000 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/01/32 |  | 126 | &nbsp;&nbsp; 131519 |
| NCL Corp. Ltd., 6.75%, 02/01/32<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 102843 |
| NCR Atleos Corp., 9.50%, 04/01/29<sup>(c)</sup> |  | 221 | &nbsp;&nbsp; 239237 |
| NCR Voyix Corp., 5.00%, 10/01/28<sup>(c)</sup> |  | 194 | &nbsp;&nbsp; 191101 |
| Nestle Finance International Ltd., 3.25%, 01/23/37<sup>(a)</sup> | EUR | 371 | &nbsp;&nbsp; 426840 |
| New Generation Gas Bond, 10.04%, 09/30/29<sup>(c)(e)</sup> | USD | 833 | &nbsp;&nbsp; 832432 |
| Newell Brands, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 09/15/29 |  | 116 | &nbsp;&nbsp; 116662 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/15/30 |  | 100 | &nbsp;&nbsp; 99079 |
| NextEra Energy Capital Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/15/30 |  | 764 | &nbsp;&nbsp; 786666 |
| &nbsp;&nbsp;&nbsp; 5.30%, 03/15/32 |  | 511 | &nbsp;&nbsp; 530661 |
| &nbsp;&nbsp;&nbsp; NextEra Energy Operating Partners LP, 7.25%, <br> 01/15/29<sup>(c)</sup><br>|  | 200 | &nbsp;&nbsp; 205345 |
| Nissan Motor Acceptance Co. LLC<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.05%, 09/15/28 |  | 100 | &nbsp;&nbsp; 104119 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/29/28 |  | 147 | &nbsp;&nbsp; 147095 |
| Noble Finance II LLC, 8.00%, 04/15/30<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 103506 |
| Northern Oil & Gas, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.75%, 06/15/31 |  | 100 | &nbsp;&nbsp; 103310 |
| &nbsp;&nbsp;&nbsp; 10/15/33<sup>(d)</sup> |  | 83 | &nbsp;&nbsp; 82672 |
| Novelis Corp.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/30/30 |  | 200 | &nbsp;&nbsp; 207395 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/31 |  | 25 | &nbsp;&nbsp; 22792 |
| NRG Energy, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 06/15/29 |  | 40 | &nbsp;&nbsp; 39664 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| NRG Energy, Inc.<sup>(c)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/15/29 | USD | 200 | &nbsp;&nbsp; $200239 |
| &nbsp;&nbsp;&nbsp; 3.63%, 02/15/31 |  | 61 | &nbsp;&nbsp; 56396 |
| OI European Group BV, 6.25%, 05/15/28<sup>(a)</sup> | EUR | 171 | &nbsp;&nbsp; 207204 |
| Olin Corp., 6.63%, 04/01/33<sup>(c)</sup> | USD | 100 | &nbsp;&nbsp; 100516 |
| Olympus Water U.S. Holding Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/01/28<sup>(c)</sup> |  | 201 | &nbsp;&nbsp; 193289 |
| &nbsp;&nbsp;&nbsp; 9.63%, 11/15/28<sup>(a)</sup> | EUR | 300 | &nbsp;&nbsp; 369410 |
| &nbsp;&nbsp;&nbsp; 9.75%, 11/15/28<sup>(c)</sup> | USD | 259 | &nbsp;&nbsp; 271821 |
| &nbsp;&nbsp;&nbsp; 02/15/33<sup>(a)(d)</sup> | EUR | 104 | &nbsp;&nbsp; 122392 |
| &nbsp;&nbsp;&nbsp; 02/15/33<sup>(c)(d)</sup> | USD | 226 | &nbsp;&nbsp; 226235 |
| ONE Gas, Inc., 2.00%, 05/15/30 |  | 35 | &nbsp;&nbsp; 31795 |
| Oracle Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.90%, 11/09/52 |  | 76 | &nbsp;&nbsp; 84561 |
| &nbsp;&nbsp;&nbsp; 5.38%, 09/27/54 |  | 721 | &nbsp;&nbsp; 662326 |
| &nbsp;&nbsp;&nbsp; 3.85%, 04/01/60 |  | 399 | &nbsp;&nbsp; 274380 |
| Organon & Co./Organon Foreign Debt Co-Issuer BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 04/30/28<sup>(a)</sup> | EUR | 100 | &nbsp;&nbsp; 114334 |
| &nbsp;&nbsp;&nbsp; 5.13%, 04/30/31<sup>(c)</sup> | USD | 200 | &nbsp;&nbsp; 175210 |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/15/34<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 185280 |
| OT Midco, Inc., 10.00%, 02/15/30<sup>(c)</sup> |  | 217 | &nbsp;&nbsp; 146606 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital <br> Corp., 4.63%, 03/15/30<sup>(c)</sup><br>|  | 83 | &nbsp;&nbsp; 79771 |
| &nbsp;&nbsp;&nbsp; Owens-Brockway Glass Container, Inc., 7.25%, <br> 05/15/31<sup>(c)</sup><br>|  | 12 | &nbsp;&nbsp; 12216 |
| Pacific Gas and Electric Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/01/50 |  | 395 | &nbsp;&nbsp; 269471 |
| &nbsp;&nbsp;&nbsp; 5.90%, 10/01/54 |  | 306 | &nbsp;&nbsp; 298076 |
| Panther Escrow Issuer LLC, 7.13%, 06/01/31<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 104012 |
| &nbsp;&nbsp;&nbsp; Paramount Global, (3-mo. SOFR US + 4.16%), 6.25%, <br> 02/28/57<sup>(b)</sup><br>|  | 178 | &nbsp;&nbsp; 175451 |
| &nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property <br> LLC/PK Finance Co-Issuer<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/29 |  | 166 | &nbsp;&nbsp; 161849 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/01/30 |  | 176 | &nbsp;&nbsp; 181437 |
| PECO Energy Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/15/52 |  | 290 | &nbsp;&nbsp; 245179 |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/15/54 |  | 169 | &nbsp;&nbsp; 163631 |
| PennyMac Financial Services, Inc., 7.13%, 11/15/30<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 208252 |
| Performance Food Group, Inc., 6.13%, 09/15/32<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 102431 |
| Permian Resources Operating LLC<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/15/27 |  | 180 | &nbsp;&nbsp; 182796 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/01/29 |  | 104 | &nbsp;&nbsp; 104466 |
| &nbsp;&nbsp;&nbsp; PetSmart LLC/PetSmart Finance Corp., 10.00%, <br> 09/15/33<sup>(c)</sup><br>|  | 300 | &nbsp;&nbsp; 302747 |
| Pfizer Investment Enterprises Pte. Ltd., 5.34%, 05/19/63 |  | 681 | &nbsp;&nbsp; 646371 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc., (1-day SOFR + <br> 1.60%), 5.40%, 07/23/35<sup>(b)</sup><br>|  | 241 | &nbsp;&nbsp; 249469 |
| Post Holdings, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 12/15/29 |  | 149 | &nbsp;&nbsp; 148405 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/33 |  | 100 | &nbsp;&nbsp; 100931 |
| Prestige Brands, Inc., 3.75%, 04/01/31<sup>(c)</sup> |  | 94 | &nbsp;&nbsp; 86584 |
| Prologis LP, 5.25%, 05/15/35 |  | 446 | &nbsp;&nbsp; 459401 |
| QUALCOMM, Inc., 4.50%, 05/20/52 |  | 119 | &nbsp;&nbsp; 103070 |
| Quikrete Holdings, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/32 |  | 87 | &nbsp;&nbsp; 90118 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/33 |  | 176 | &nbsp;&nbsp; 182986 |
| QXO Building Products, Inc., 6.75%, 04/30/32<sup>(c)</sup> |  | 30 | &nbsp;&nbsp; 31062 |
| Range Resources Corp., 8.25%, 01/15/29 |  | 240 | &nbsp;&nbsp; 245638 |
| Resort Communities Loanco LP, 12.00%, 11/21/28<sup>(c)(e)</sup> |  | 2337 | &nbsp;&nbsp; 2392678 |
| Reworld Holding Corp., 4.88%, 12/01/29<sup>(c)</sup> |  | 152 | &nbsp;&nbsp; 142951 |
| RHP Hotel Properties LP/RHP Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/27 |  | 100 | &nbsp;&nbsp; 99561 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| RHP Hotel Properties LP/RHP Finance Corp. (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/01/32<sup>(c)</sup> | USD | 85 | &nbsp;&nbsp; $87388 |
| RLJ Lodging Trust LP, 3.75%, 07/01/26<sup>(c)</sup> |  | 204 | &nbsp;&nbsp; 201942 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/01/29 |  | 76 | &nbsp;&nbsp; 72483 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/01/31 |  | 35 | &nbsp;&nbsp; 32685 |
| Rockies Express Pipeline LLC, 4.95%, 07/15/29<sup>(c)</sup> |  | 102 | &nbsp;&nbsp; 101173 |
| RR Donnelley & Sons Co., 10.88%, 08/01/29<sup>(c)</sup> |  | 231 | &nbsp;&nbsp; 230380 |
| Ryan Specialty LLC, 4.38%, 02/01/30<sup>(c)</sup> |  | 39 | &nbsp;&nbsp; 37787 |
| SBA Communications Corp., 3.88%, 02/15/27 |  | 188 | &nbsp;&nbsp; 185166 |
| Schneider Electric SE<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 0.88%, 12/13/26 | EUR | 100 | &nbsp;&nbsp; 115563 |
| &nbsp;&nbsp;&nbsp; 1.00%, 04/09/27 |  | 300 | &nbsp;&nbsp; 345321 |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/09/27 |  | 1600 | &nbsp;&nbsp; 1906210 |
| SCIH Salt Holdings, Inc., 4.88%, 05/01/28<sup>(c)</sup> | USD | 143 | &nbsp;&nbsp; 139741 |
| &nbsp;&nbsp;&nbsp; SCIL IV LLC/SCIL USA Holdings LLC, 9.50%, <br> 07/15/28<sup>(a)</sup><br>| EUR | 150 | &nbsp;&nbsp; 184816 |
| Scotts Miracle-Gro Co., 4.00%, 04/01/31 | USD | 82 | &nbsp;&nbsp; 75673 |
| &nbsp;&nbsp;&nbsp; Seagate Data Storage Technology Pte Ltd., 9.63%, <br> 12/01/32<sup>(c)</sup><br>|  | 43 | &nbsp;&nbsp; 48705 |
| Sealed Air Corp., 5.00%, 04/15/29<sup>(c)</sup> |  | 110 | &nbsp;&nbsp; 109386 |
| Select Medical Corp., 6.25%, 12/01/32<sup>(c)</sup> |  | 71 | &nbsp;&nbsp; 71030 |
| Sensata Technologies, Inc., 4.38%, 02/15/30<sup>(c)</sup> |  | 75 | &nbsp;&nbsp; 72387 |
| Service Corp. International, 5.13%, 06/01/29 |  | 100 | &nbsp;&nbsp; 99993 |
| Service Properties Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 09/30/27<sup>(c)(o)</sup> |  | 222 | &nbsp;&nbsp; 195700 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/15/29 |  | 686 | &nbsp;&nbsp; 696544 |
| &nbsp;&nbsp;&nbsp; 4.95%, 10/01/29 |  | 100 | &nbsp;&nbsp; 88135 |
| &nbsp;&nbsp;&nbsp; 8.88%, 06/15/32 |  | 392 | &nbsp;&nbsp; 394203 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., <br> 5.50%, 05/15/33<sup>(a)</sup><br>| EUR | 100 | &nbsp;&nbsp; 122248 |
| Sinclair Television Group, Inc., 8.13%, 02/15/33<sup>(c)</sup> | USD | 100 | &nbsp;&nbsp; 102627 |
| Sirius XM Radio LLC<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/27 |  | 78 | &nbsp;&nbsp; 77625 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/28 |  | 100 | &nbsp;&nbsp; 96627 |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/01/30 |  | 132 | &nbsp;&nbsp; 123804 |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/01/31 |  | 135 | &nbsp;&nbsp; 122348 |
| Six Flags Entertainment Corp.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/27 |  | 28 | &nbsp;&nbsp; 27955 |
| &nbsp;&nbsp;&nbsp; 7.25%, 05/15/31 |  | 133 | &nbsp;&nbsp; 133053 |
| SM Energy Co.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/01/29 |  | 130 | &nbsp;&nbsp; 130623 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/01/32 |  | 102 | &nbsp;&nbsp; 102079 |
| Smyrna Ready Mix Concrete LLC, 8.88%, 11/15/31<sup>(c)</sup> |  | 134 | &nbsp;&nbsp; 141496 |
| Snap, Inc., 6.88%, 03/01/33<sup>(c)</sup> |  | 14 | &nbsp;&nbsp; 14309 |
| Solaris Energy Infrastructure, Inc., 4.75%, 05/01/30<sup>(l)</sup> |  | 413 | &nbsp;&nbsp; 739231 |
| Somnigroup International, Inc., 3.88%, 10/15/31<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 91587 |
| Sonder Holdings, Inc., (7.00% PIK), 7.00%, 12/10/27<sup>(e)</sup> |  | 952 | &nbsp;&nbsp; 713899 |
| Sonic Automotive, Inc., 4.88%, 11/15/31<sup>(c)</sup> |  | 56 | &nbsp;&nbsp; 53548 |
| Spirit AeroSystems, Inc., 9.75%, 11/15/30<sup>(c)</sup> |  | 287 | &nbsp;&nbsp; 315641 |
| Spirit Airlines Pass-Through Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015-1A, Class A, 4.10%, 10/01/29 |  | 7 | &nbsp;&nbsp; 6985 |
| &nbsp;&nbsp;&nbsp; Series 2015-1A, Class A, 3.65%, 08/15/31<sup>(f)(j)</sup> |  | 215 | &nbsp;&nbsp; 195881 |
| &nbsp;&nbsp;&nbsp; Series 2017-1AA, Class AA, 3.38%, 08/15/31 |  | 82 | &nbsp;&nbsp; 76581 |
| SS&C Technologies, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/30/27 |  | 23 | &nbsp;&nbsp; 22960 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/01/32 |  | 85 | &nbsp;&nbsp; 87876 |
| Stagwell Global LLC, 5.63%, 08/15/29<sup>(c)</sup> |  | 107 | &nbsp;&nbsp; 103942 |
| Standard Building Solutions, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/15/32 |  | 2 | &nbsp;&nbsp; 2052 |
| &nbsp;&nbsp;&nbsp; 6.25%, 08/01/33 |  | 152 | &nbsp;&nbsp; 154035 |
| Standard Industries, Inc., 4.38%, 07/15/30<sup>(c)</sup> |  | 133 | &nbsp;&nbsp; 127518 |
| Star Parent, Inc., 9.00%, 10/01/30<sup>(c)</sup> |  | 111 | &nbsp;&nbsp; 117348 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Starwood Property Trust, Inc., 3.63%, 07/15/26<sup>(c)</sup> | USD | 121 | &nbsp;&nbsp; $119614 |
| Station Casinos LLC, 6.63%, 03/15/32<sup>(c)</sup> |  | 136 | &nbsp;&nbsp; 139705 |
| Stem, Inc., 0.50%, 12/01/28<sup>(c)(l)</sup> |  | 27 | &nbsp;&nbsp; 7695 |
| STL Holding Co. LLC, 8.75%, 02/15/29<sup>(c)</sup> |  | 95 | &nbsp;&nbsp; 99552 |
| &nbsp;&nbsp;&nbsp; Suburban Propane Partners LP/Suburban Energy <br> Finance Corp., 5.00%, 06/01/31<sup>(c)</sup><br>|  | 39 | &nbsp;&nbsp; 37108 |
| Sunoco LP, 6.25%, 07/01/33<sup>(c)</sup> |  | 117 | &nbsp;&nbsp; 119088 |
| Synchrony Financial<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 1.40%), 5.02%, 07/29/29 |  | 93 | &nbsp;&nbsp; 93802 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR Index + 2.13%), 5.94%, 08/02/30 |  | 79 | &nbsp;&nbsp; 81886 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance <br> Corp.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/15/28 |  | 14 | &nbsp;&nbsp; 13929 |
| &nbsp;&nbsp;&nbsp; 6.00%, 12/31/30 |  | 180 | &nbsp;&nbsp; 177755 |
| Tenet Healthcare Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/15/28 |  | 54 | &nbsp;&nbsp; 53506 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/30 |  | 100 | &nbsp;&nbsp; 97255 |
| Tenneco, Inc., 8.00%, 11/17/28<sup>(c)</sup> |  | 422 | &nbsp;&nbsp; 422770 |
| T-Mobile USA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.80%, 02/11/45 | EUR | 438 | &nbsp;&nbsp; 477614 |
| &nbsp;&nbsp;&nbsp; 5.65%, 01/15/53 | USD | 414 | &nbsp;&nbsp; 409051 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/54 |  | 973 | &nbsp;&nbsp; 972983 |
| TransDigm, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/28<sup>(c)</sup> |  | 227 | &nbsp;&nbsp; 231326 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/29 |  | 200 | &nbsp;&nbsp; 195995 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/29<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 102240 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/33<sup>(c)</sup> |  | 102 | &nbsp;&nbsp; 103130 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/31/33<sup>(c)</sup> |  | 67 | &nbsp;&nbsp; 67753 |
| Transocean International Ltd., 8.25%, 05/15/29<sup>(c)</sup> |  | 131 | &nbsp;&nbsp; 129148 |
| Transocean Titan Financing Ltd., 8.38%, 02/01/28<sup>(c)</sup> |  | 184 | &nbsp;&nbsp; 188283 |
| Travel & Leisure Co., 6.63%, 07/31/26<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 201486 |
| Tronox, Inc., 4.63%, 03/15/29<sup>(c)</sup> |  | 155 | &nbsp;&nbsp; 101098 |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp, (3-mo. EURIBOR + 0.80%), 2.83%, <br> 05/21/28<sup>(b)</sup><br>| EUR | 400 | &nbsp;&nbsp; 470855 |
| U.S. Foods, Inc., 6.88%, 09/15/28<sup>(c)</sup> | USD | 118 | &nbsp;&nbsp; 121617 |
| Uber Technologies, Inc., 5.35%, 09/15/54 |  | 625 | &nbsp;&nbsp; 606393 |
| UKG, Inc., 6.88%, 02/01/31<sup>(c)</sup> |  | 164 | &nbsp;&nbsp; 169221 |
| Union Pacific Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.84%, 03/20/60 |  | 212 | &nbsp;&nbsp; 157021 |
| &nbsp;&nbsp;&nbsp; 5.15%, 01/20/63 |  | 151 | &nbsp;&nbsp; 141334 |
| &nbsp;&nbsp;&nbsp; 3.85%, 02/14/72 |  | 121 | &nbsp;&nbsp; 85976 |
| &nbsp;&nbsp;&nbsp; United Airlines Pass-Through Trust, Series 2019-2, <br> Class A, 2.90%, 11/01/29<br>|  | 35 | &nbsp;&nbsp; 33494 |
| United Rentals North America, Inc., 3.75%, 01/15/32 |  | 222 | &nbsp;&nbsp; 205657 |
| United Wholesale Mortgage LLC<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/15/27 |  | 219 | &nbsp;&nbsp; 218878 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/29 |  | 30 | &nbsp;&nbsp; 29588 |
| UnitedHealth Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.90%, 05/15/50 |  | 277 | &nbsp;&nbsp; 178572 |
| &nbsp;&nbsp;&nbsp; 3.25%, 05/15/51 |  | 66 | &nbsp;&nbsp; 45009 |
| &nbsp;&nbsp;&nbsp; 6.05%, 02/15/63 |  | 78 | &nbsp;&nbsp; 81474 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/15/64 |  | 135 | &nbsp;&nbsp; 134407 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019, Inc./CSL <br> Capital LLC<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10.50%, 02/15/28 |  | 164 | &nbsp;&nbsp; 172725 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/15/28 |  | 172 | &nbsp;&nbsp; 168433 |
| Univision Communications, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/01/29 |  | 195 | &nbsp;&nbsp; 183929 |
| &nbsp;&nbsp;&nbsp; 7.38%, 06/30/30 |  | 56 | &nbsp;&nbsp; 56268 |
| &nbsp;&nbsp;&nbsp; 9.38%, 08/01/32 |  | 16 | &nbsp;&nbsp; 17051 |
| &nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression <br> Finance Corp.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 03/15/29 |  | 112 | &nbsp;&nbsp; 115508 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression <br> Finance Corp.<sup>(c)</sup> (continued)<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/33 | USD | 23 | &nbsp;&nbsp; $23088 |
| UWM Holdings LLC<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/01/30 |  | 121 | &nbsp;&nbsp; 123091 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/31 |  | 67 | &nbsp;&nbsp; 66681 |
| Venture Global Calcasieu Pass LLC, 6.25%, 01/15/30<sup>(c)</sup> |  | 145 | &nbsp;&nbsp; 151170 |
| Venture Global LNG, Inc.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/30 |  | 213 | &nbsp;&nbsp; 220405 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/01/31 |  | 126 | &nbsp;&nbsp; 132296 |
| &nbsp;&nbsp;&nbsp; 9.88%, 02/01/32 |  | 150 | &nbsp;&nbsp; 163308 |
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines LNG LLC, 7.50%, <br> 05/01/33<sup>(c)</sup><br>|  | 89 | &nbsp;&nbsp; 98346 |
| Verizon Communications, Inc., 3.70%, 03/22/61 |  | 837 | &nbsp;&nbsp; 589578 |
| Viasat, Inc., 5.63%, 04/15/27<sup>(c)</sup> |  | 98 | &nbsp;&nbsp; 97605 |
| Viking Cruises Ltd., 7.00%, 02/15/29<sup>(c)</sup> |  | 159 | &nbsp;&nbsp; 159803 |
| Vistra Operations Co. LLC, 5.63%, 02/15/27<sup>(c)</sup> |  | 100 | &nbsp;&nbsp; 100059 |
| Vital Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 9.75%, 10/15/30 |  | 92 | &nbsp;&nbsp; 96053 |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/32<sup>(c)</sup> |  | 40 | &nbsp;&nbsp; 38829 |
| Voyager Parent LLC, 9.25%, 07/01/32<sup>(c)</sup> |  | 82 | &nbsp;&nbsp; 86714 |
| Wand NewCo 3, Inc., 7.63%, 01/30/32<sup>(c)</sup> |  | 72 | &nbsp;&nbsp; 75861 |
| Warnermedia Holdings, Inc., 3.76%, 03/15/27 |  | 475 | &nbsp;&nbsp; 468469 |
| Wayfair LLC, 7.25%, 10/31/29<sup>(c)</sup> |  | 254 | &nbsp;&nbsp; 261884 |
| &nbsp;&nbsp;&nbsp; Weekley Homes LLC/Weekley Finance Corp., 4.88%, <br> 09/15/28<sup>(c)</sup><br>|  | 4 | &nbsp;&nbsp; 3916 |
| Wells Fargo & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/23/26 |  | 689 | &nbsp;&nbsp; 681997 |
| &nbsp;&nbsp;&nbsp; 1.00%, 02/02/27<sup>(a)</sup> | EUR | 2758 | &nbsp;&nbsp; 3179281 |
| &nbsp;&nbsp;&nbsp; (1-day SOFR + 2.13%), 4.61%, 04/25/53<sup>(b)</sup> | USD | 542 | &nbsp;&nbsp; 476160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3-mo. CME Term SOFR + 4.50%), 5.01%, <br> 04/04/51<sup>(b)</sup><br>|  | 495 | &nbsp;&nbsp; 462258 |
| WESCO Distribution, Inc., 6.38%, 03/15/33<sup>(c)</sup> |  | 96 | &nbsp;&nbsp; 99516 |
| Westbay, 11.00%, 02/06/30<sup>(e)</sup> |  | 1688 | &nbsp;&nbsp; 1711294 |
| Williams Scotsman, Inc., 4.63%, 08/15/28<sup>(c)</sup> |  | 127 | &nbsp;&nbsp; 124865 |
| Windstream Services LLC, 10/15/33<sup>(c)(d)</sup> |  | 22 | &nbsp;&nbsp; 21994 |
| WR Grace Holdings LLC, 4.88%, 06/15/27<sup>(c)</sup> |  | 66 | &nbsp;&nbsp; 65591 |
| &nbsp;&nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., <br> 5.13%, 10/01/29<sup>(c)</sup><br>|  | 115 | &nbsp;&nbsp; 115177 |
| Xerox Corp.<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10.25%, 10/15/30 |  | 68 | &nbsp;&nbsp; 69077 |
| &nbsp;&nbsp;&nbsp; 13.50%, 04/15/31 |  | 104 | &nbsp;&nbsp; 100683 |
| Xerox Holdings Corp., 8.88%, 11/30/29<sup>(c)</sup> |  | 50 | &nbsp;&nbsp; 27013 |
| XHR LP, 4.88%, 06/01/29<sup>(c)</sup> |  | 25 | &nbsp;&nbsp; 24486 |
| Yum! Brands, Inc., 4.63%, 01/31/32 |  | 100 | &nbsp;&nbsp; 97162 |
| Zayo Group Holdings, Inc., 03/09/30<sup>(c)(d)</sup> |  | 30 | &nbsp;&nbsp; 28625 |
|  |  |  | &nbsp;&nbsp; 134842712 |
| **Uzbekistan — 0.0%** | **Uzbekistan — 0.0%** | **Uzbekistan — 0.0%** | **Uzbekistan — 0.0%** |
| Navoi Mining & Metallurgical Combinat |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.70%, 10/17/28<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 207900 |
| &nbsp;&nbsp;&nbsp; 6.95%, 10/17/31<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 213558 |
|  |  |  | &nbsp;&nbsp; 421458 |
| **Venezuela**<sup>(a)(f)(j)</sup> **— 0.0%** | **Venezuela**<sup>(a)(f)(j)</sup> **— 0.0%** | **Venezuela**<sup>(a)(f)(j)</sup> **— 0.0%** | **Venezuela**<sup>(a)(f)(j)</sup> **— 0.0%** |
| Petroleos de Venezuela SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/15/26 |  | 185 | &nbsp;&nbsp; 29601 |
| &nbsp;&nbsp;&nbsp; 9.75%, 05/17/35 |  | 214 | &nbsp;&nbsp; 38377 |
|  |  |  | &nbsp;&nbsp; 67978 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Vietnam — 0.1%** | **Vietnam — 0.1%** | **Vietnam — 0.1%** | **Vietnam — 0.1%** |
| Mong Duong Finance Holdings BV, 5.13%, 05/07/29<sup>(a)</sup> | USD | 678 | &nbsp;&nbsp; $669978 |
| **Total Corporate Bonds — 29.9%** <br>**(Cost: $259,249,479)** | **Total Corporate Bonds — 29.9%** <br>**(Cost: $259,249,479)** | **Total Corporate Bonds — 29.9%** <br>**(Cost: $259,249,479)** | &nbsp;&nbsp; 265913721 |
| **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** |
| **India — 0.0%** | **India — 0.0%** | **India — 0.0%** | **India — 0.0%** |
| &nbsp;&nbsp;&nbsp; Vedanta Holdings Mauritius II Ltd., Delayed Draw Term <br> Loan, 18.00%, 04/17/26<sup>(e)</sup><br>|  | 364 | &nbsp;&nbsp; 363880 |
| **Total Fixed Rate Loan Interests — 0.0%** <br>**(Cost: $363,880)** | **Total Fixed Rate Loan Interests — 0.0%** <br>**(Cost: $363,880)** | **Total Fixed Rate Loan Interests — 0.0%** <br>**(Cost: $363,880)** | &nbsp;&nbsp; 363880 |
| **Floating Rate Loan Interests**<sup>(b)</sup> | **Floating Rate Loan Interests**<sup>(b)</sup> | **Floating Rate Loan Interests**<sup>(b)</sup> | **Floating Rate Loan Interests**<sup>(b)</sup> |
| **Cayman Islands — 0.0%** | **Cayman Islands — 0.0%** | **Cayman Islands — 0.0%** | **Cayman Islands — 0.0%** |
| &nbsp;&nbsp;&nbsp; Usavflow II Ltd., Term Loan B, (1-mo. CME Term SOFR <br> + 6.50%), 10.63%, 08/16/29<sup>(e)</sup><br>|  | 339 | &nbsp;&nbsp; 341136 |
| **France — 0.3%** | **France — 0.3%** | **France — 0.3%** | **France — 0.3%** |
| &nbsp;&nbsp;&nbsp; Casper Bidco SASU, 2025 EUR Term Loan B, (1-mo. <br> EURIBOR at 0.00% Floor + 3.75%), 5.66%, 03/21/31<br>| EUR | 1000 | &nbsp;&nbsp; 1171996 |
| &nbsp;&nbsp;&nbsp; Vivalto Sante Investissement SA, 2025 EUR Term Loan <br> B, 07/21/31<sup>(p)</sup><br>|  | 1000 | &nbsp;&nbsp; 1178700 |
|  |  |  | &nbsp;&nbsp; 2350696 |
| **Luxembourg**<sup>(e)</sup> **— 0.0%** | **Luxembourg**<sup>(e)</sup> **— 0.0%** | **Luxembourg**<sup>(e)</sup> **— 0.0%** | **Luxembourg**<sup>(e)</sup> **— 0.0%** |
| Euro Parfums Fze |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Upsize Term Loan, (6-mo. CME Term SOFR + <br> 5.25%), 9.12%, 09/01/28<br>| USD | 119 | &nbsp;&nbsp; 118755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (6-mo. CME Term SOFR at 0.00% Floor <br> + 5.25%), 9.12%, 06/23/28<br>|  | 193 | &nbsp;&nbsp; 191737 |
|  |  |  | &nbsp;&nbsp; 310492 |
| **Netherlands**<sup>(p)</sup> **— 0.3%** | **Netherlands**<sup>(p)</sup> **— 0.3%** | **Netherlands**<sup>(p)</sup> **— 0.3%** | **Netherlands**<sup>(p)</sup> **— 0.3%** |
| Nobian Finance BV, 2025 EUR Term Loan B, 07/01/30 | EUR | 1000 | &nbsp;&nbsp; 1160478 |
| Qsrp Finco SARL, EUR Term Loan B, 06/19/31 |  | 1000 | &nbsp;&nbsp; 1181600 |
|  |  |  | &nbsp;&nbsp; 2342078 |
| **Spain — 0.2%** | **Spain — 0.2%** | **Spain — 0.2%** | **Spain — 0.2%** |
| &nbsp;&nbsp;&nbsp; Financiere Pax SAS, 2025 EUR Add on Term Loan B, <br> 12/31/29<sup>(p)</sup><br>|  | 1133 | &nbsp;&nbsp; 1334755 |
| **Sweden — 0.1%** | **Sweden — 0.1%** | **Sweden — 0.1%** | **Sweden — 0.1%** |
| &nbsp;&nbsp;&nbsp; Quimper AB, 2024 EUR Term Loan B, (3-mo. EURIBOR <br> at 0.00% Floor + 3.75%), 5.69%, 03/29/30<br>|  | 1000 | &nbsp;&nbsp; 1181553 |
| **United Kingdom — 1.0%** | **United Kingdom — 1.0%** | **United Kingdom — 1.0%** | **United Kingdom — 1.0%** |
| &nbsp;&nbsp;&nbsp; Boots Group Bidco Ltd., EUR Term Loan, (3-mo. <br> EURIBOR at 0.00% Floor + 3.50%), 5.52%, 08/30/32<br>|  | 2400 | &nbsp;&nbsp; 2839136 |
| &nbsp;&nbsp;&nbsp; CD&R Firefly Bidco PLC, 2025 EUR Term Loan, <br> 04/30/29<sup>(p)</sup><br>|  | 1000 | &nbsp;&nbsp; 1178113 |
| &nbsp;&nbsp;&nbsp; Froneri Lux FinCo SARL, 2025 EUR Term Loan, <br> 08/02/32<sup>(p)</sup><br>|  | 2035 | &nbsp;&nbsp; 2391064 |
| &nbsp;&nbsp;&nbsp; Masorange Finco PLC, 2025 EUR Term Loan B, (6-mo. <br> EURIBOR at 0.00% Floor + 2.50%), 4.56%, 03/25/31<br>|  | 1000 | &nbsp;&nbsp; 1172794 |
| &nbsp;&nbsp;&nbsp; Rubix Group Midco 3 Ltd., 2024 EUR Term Loan, <br> 09/30/28<sup>(p)</sup><br>|  | 1000 | &nbsp;&nbsp; 1181389 |
|  |  |  | &nbsp;&nbsp; 8762496 |
| **United States — 1.1%** | **United States — 1.1%** | **United States — 1.1%** | **United States — 1.1%** |
| &nbsp;&nbsp;&nbsp; Arctera U.S. Holdings LLC, 2024 Priority Term Loan, <br> (3-mo. CME Term SOFR at 2.50% Floor + 8.00%, <br> 4.50% PIK), 16.50%, 12/09/29<sup>(k)</sup><br>| USD | 89 | &nbsp;&nbsp; 89757 |
| &nbsp;&nbsp;&nbsp; Boxer Parent Co., Inc., 2025 EUR Term Loan B, (3-mo. <br> EURIBOR at 0.00% Floor + 3.50%), 5.53%, 07/30/31<br>| EUR | 997 | &nbsp;&nbsp; 1174200 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; Cirkul, Inc., 2nd Lien PIK Term Loan, (3-mo. CME Term <br> SOFR at 4.00% Floor + 7.50%, 3.50% PIK), 15.39%, <br> 04/23/28<sup>(e)(k)</sup><br>| USD | 373 | &nbsp;&nbsp; $367154 |
| &nbsp;&nbsp;&nbsp; ConnectWise LLC, 2021 Term Loan B, (3-mo. CME Term <br> SOFR at 0.50% Floor + 3.76%), 7.76%, 09/29/28<br>|  | 235 | &nbsp;&nbsp; 235705 |
| &nbsp;&nbsp;&nbsp; Coreweave Compute Acquisition Co. II LLC, Delayed <br> Draw Term Loan, (3-mo. CME Term SOFR at 0.00% <br> Floor + 9.62%), 14.04%, 07/31/28<sup>(e)</sup><br>|  | 982 | &nbsp;&nbsp; 976742 |
| Coreweave Compute Acquisition Co. IV LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Delayed Draw Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 6.00%), 9.98%, 05/16/29<sup>(e)</sup><br>|  | 1005 | &nbsp;&nbsp; 989663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 5th Amendment Delayed Draw Term Loan, (3-<br> mo. CME Term SOFR at 0.00% Floor + 4.25%), <br> 8.25%, 09/30/30<br>|  | 248 | &nbsp;&nbsp; 247612 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC, 2019 Term Loan B5, (Prime + <br> 1.50%), 8.75%, 04/15/27<br>|  | 90 | &nbsp;&nbsp; 86717 |
| &nbsp;&nbsp;&nbsp; CVR CHC LP, Term Loan B, (3-mo. CME Term SOFR at <br> 0.00% Floor + 4.00%), 8.00%, 12/30/27<br>|  | 222 | &nbsp;&nbsp; 222544 |
| &nbsp;&nbsp;&nbsp; Digital Room Holdings, Inc., 2021 Term Loan, (1-mo. <br> CME Term SOFR at 0.50% Floor + 5.35%), 9.51%, <br> 12/21/28<br>|  | 132 | &nbsp;&nbsp; 129561 |
| &nbsp;&nbsp;&nbsp; Directv Financing LLC, 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.75% Floor + 5.50%), 9.81%, <br> 02/17/31<br>|  | 328 | &nbsp;&nbsp; 319820 |
| &nbsp;&nbsp;&nbsp; DirecTV Financing LLC, Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 5.26%), 9.57%, 08/02/27<br>|  | 9 | &nbsp;&nbsp; 9000 |
| &nbsp;&nbsp;&nbsp; ECL Entertainment LLC, 2025 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 3.00%), 7.16%, <br> 08/30/30<br>|  | 459 | &nbsp;&nbsp; 458566 |
| EIS Group, Inc.<sup>(e)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revolver, (1-mo. CME Term SOFR at 0.75% Floor + <br> 7.00%), 11.16%, 07/10/28<br>|  | 53 | &nbsp;&nbsp; 51385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (1-mo. CME Term SOFR at 0.75% Floor + <br> 7.00%), 11.16%, 07/10/28<br>|  | 532 | &nbsp;&nbsp; 513854 |
| &nbsp;&nbsp;&nbsp; Emerald Electronics Manufacturing Services, Term Loan, <br> (3-mo. CME Term SOFR at 1.00% Floor + 6.40%), <br> 10.60%, 12/29/27<sup>(e)</sup><br>|  | 149 | &nbsp;&nbsp; 102629 |
| &nbsp;&nbsp;&nbsp; Flexsys Holdings, Inc., 2025 Second Out Refinancing <br> Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + <br> 5.51%), 9.71%, 08/01/29<br>|  | 87 | &nbsp;&nbsp; 28028 |
| &nbsp;&nbsp;&nbsp; Hydrofarm Holdings LLC, 2021 Term Loan, (3-mo. CME <br> Term SOFR at 1.00% Floor + 5.76%), 10.07%, <br> 10/25/28<sup>(e)</sup><br>|  | 92 | &nbsp;&nbsp; 75080 |
| &nbsp;&nbsp;&nbsp; ITG Communications LLC, Term Loan B, (3-mo. CME <br> Term SOFR + 4.75%), 8.95%, 07/09/31<br>|  | 457 | &nbsp;&nbsp; 451004 |
| &nbsp;&nbsp;&nbsp; Jack Ohio Finance LLC, 2025 Term Loan B, (1-mo. CME <br> Term SOFR at 0.50% Floor + 4.00%), 8.16%, <br> 02/02/32<br>|  | 64 | &nbsp;&nbsp; 63107 |
| &nbsp;&nbsp;&nbsp; Maverick Gaming LLC, 2024 Second Out Term Loan, <br> (Prime + 8.50%), 15.75%, 06/05/28<br>|  | 119 | &nbsp;&nbsp; 65323 |
| &nbsp;&nbsp;&nbsp; Medical Solutions Holdings, Inc., 2021 2nd Lien Term <br> Loan, (3-mo. CME Term SOFR at 0.50% Floor + <br> 7.10%), 11.41%, 11/01/29<br>|  | 74 | &nbsp;&nbsp; 14924 |
| Montage Hotels & Resorts LLC<sup>(e)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Revolver, (Prime + 6.00%), 12.55%, 02/16/29 |  | 52 | &nbsp;&nbsp; 50055 |
| &nbsp;&nbsp;&nbsp; Term Loan, (Prime + 6.00%), 13.25%, 02/16/29 |  | 260 | &nbsp;&nbsp; 249958 |
| Naked Juice LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 FLFO Term Loan, (3-mo. CME Term SOFR at <br> 1.00% Floor + 5.50%), 9.50%, 01/24/29<br>|  | 28 | &nbsp;&nbsp; 28563 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Naked Juice LLC (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 FLSO Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 3.35%), 7.35%, 01/24/29<br>| USD | 50 | &nbsp;&nbsp; $37670 |
| &nbsp;&nbsp;&nbsp; PAI Holdco, Inc., 2020 Term Loan B, (3-mo. CME Term <br> SOFR + 4.01%), 8.32%, 10/28/27<br>|  | 233 | &nbsp;&nbsp; 193921 |
| Peninsula Pacific Entertainment LLC<sup>(e)(p)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, 10/01/32 |  | 79 | &nbsp;&nbsp; 78753 |
| &nbsp;&nbsp;&nbsp; 2025 Term Loan B, 10/01/32 |  | 337 | &nbsp;&nbsp; 336014 |
| RunItOneTime LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2nd Amendment Final New Money DIP Term Loan, <br> (3-mo. CME Term SOFR at 2.00% Floor + 1.00%, <br> 11.50% PIK), 16.50%, 07/07/26<sup>(k)</sup><br>|  | 42 | &nbsp;&nbsp; 40064 |
| &nbsp;&nbsp;&nbsp; 5.17%, 04/16/26<sup>(p)</sup> |  | 3 | &nbsp;&nbsp; 2639 |
| &nbsp;&nbsp;&nbsp; 15.67%, 05/06/26<sup>(p)</sup> |  | 67 | &nbsp;&nbsp; 60941 |
| Sabre GLBL, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B1, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.61%), 7.78%, 12/17/27<br>|  | 37 | &nbsp;&nbsp; 34653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B2, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.61%), 7.78%, 12/17/27<br>|  | 33 | &nbsp;&nbsp; 31445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 1st Lien Term Loan B, (1-mo. CME Term SOFR <br> + 5.10%), 9.26%, 06/30/28<br>|  | 85 | &nbsp;&nbsp; 79739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, (1-mo. CME Term SOFR at <br> 0.50% Floor + 6.10%), 10.26%, 11/15/29<sup>(e)</sup><br>|  | 52 | &nbsp;&nbsp; 49286 |
| &nbsp;&nbsp;&nbsp; Solaris Oilfield Infrastructure, Term Loan, (3-mo. CME <br> Term SOFR at 1.00% Floor + 6.00%), 10.00%, <br> 09/11/29<sup>(e)</sup><br>|  | 900 | &nbsp;&nbsp; 906360 |
| &nbsp;&nbsp;&nbsp; Stakeholder Midstream LLC, Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 4.00%), 8.04%, <br> 01/01/31<br>|  | 459 | &nbsp;&nbsp; 459424 |
| &nbsp;&nbsp;&nbsp; Vaco Holdings LLC, 2022 Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 5.15%), 9.15%, 01/21/29<br>|  | 156 | &nbsp;&nbsp; 134053 |
| &nbsp;&nbsp;&nbsp; West Deptford Energy Holdings LLC, 2025 Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + 4.00%), <br> 8.16%, 07/24/32<br>|  | 181 | &nbsp;&nbsp; 179866 |
|  |  |  | &nbsp;&nbsp; 9625779 |
| **Total Floating Rate Loan Interests — 3.0%** <br>**(Cost: $26,343,845)** | **Total Floating Rate Loan Interests — 3.0%** <br>**(Cost: $26,343,845)** | **Total Floating Rate Loan Interests — 3.0%** <br>**(Cost: $26,343,845)** | &nbsp;&nbsp; 26248985 |
| **Foreign Agency Obligations** | **Foreign Agency Obligations** | **Foreign Agency Obligations** | **Foreign Agency Obligations** |
| **Angola — 0.0%** | **Angola — 0.0%** | **Angola — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Angolan Government International Bonds, 8.25%, <br> 05/09/28<sup>(a)</sup><br>|  | 200 | &nbsp;&nbsp; 200390 |
| **Argentina — 0.0%** | **Argentina — 0.0%** | **Argentina — 0.0%** |  |
| Argentine Republic Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 07/09/29 |  | 46 | &nbsp;&nbsp; 33629 |
| &nbsp;&nbsp;&nbsp; 1.75%, 07/09/30<sup>(m)</sup> |  | 98 | &nbsp;&nbsp; 65929 |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/09/41<sup>(m)</sup> |  | 74 | &nbsp;&nbsp; 35622 |
|  |  |  | &nbsp;&nbsp; 135180 |
| **Australia**<sup>(a)</sup> **— 0.0%** | **Australia**<sup>(a)</sup> **— 0.0%** | **Australia**<sup>(a)</sup> **— 0.0%** |  |
| Australia Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 136, 4.75%, 04/21/27 | AUD | 220 | &nbsp;&nbsp; 148315 |
| &nbsp;&nbsp;&nbsp; Series 144, 3.75%, 04/21/37 |  | 80 | &nbsp;&nbsp; 49740 |
| &nbsp;&nbsp;&nbsp; Series 149, 2.25%, 05/21/28 |  | 90 | &nbsp;&nbsp; 57661 |
|  |  |  | &nbsp;&nbsp; 255716 |
| **Austria — 0.0%** | **Austria — 0.0%** | **Austria — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Republic of Austria Government Bonds, 1.50%, <br> 02/20/47<sup>(a)(c)</sup><br>| EUR | 222 | &nbsp;&nbsp; 180482 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Barbados — 0.0%** | **Barbados — 0.0%** | **Barbados — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Barbados Government International Bonds, 8.00%, <br> 06/26/35<sup>(c)</sup><br>| USD | 222 | &nbsp;&nbsp; $231213 |
| **Belgium**<sup>(a)(c)</sup> **— 0.0%** | **Belgium**<sup>(a)(c)</sup> **— 0.0%** | **Belgium**<sup>(a)(c)</sup> **— 0.0%** |  |
| Kingdom of Belgium Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 78, 1.60%, 06/22/47 | EUR | 351 | &nbsp;&nbsp; 270570 |
| &nbsp;&nbsp;&nbsp; Series 85, 0.80%, 06/22/28 |  | 5 | &nbsp;&nbsp; 5652 |
|  |  |  | &nbsp;&nbsp; 276222 |
| **Benin — 0.0%** | **Benin — 0.0%** | **Benin — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Benin Government International Bonds, 4.95%, <br> 01/22/35<sup>(a)</sup><br>|  | 100 | &nbsp;&nbsp; 107793 |
| **Brazil — 0.9%** | **Brazil — 0.9%** | **Brazil — 0.9%** |  |
| Brazil Notas do Tesouro Nacional |  |  |  |
| &nbsp;&nbsp;&nbsp; 10.00%, 01/01/27 | BRL | 21661 | &nbsp;&nbsp; 3896034 |
| &nbsp;&nbsp;&nbsp; 10.00%, 01/01/29 |  | 61 | &nbsp;&nbsp; 10531 |
| &nbsp;&nbsp;&nbsp; Brazilian Government International Bonds, 3.75%, <br> 09/12/31<br>| USD | 3900 | &nbsp;&nbsp; 3608592 |
|  |  |  | &nbsp;&nbsp; 7515157 |
| **Bulgaria — 0.0%** | **Bulgaria — 0.0%** | **Bulgaria — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Bulgaria Government International Bonds, 5.00%, <br> 03/05/37<sup>(a)</sup><br>|  | 22 | &nbsp;&nbsp; 22022 |
| **Canada — 0.0%** | **Canada — 0.0%** | **Canada — 0.0%** |  |
| Canadian Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 03/01/30 | CAD | 76 | &nbsp;&nbsp; 54748 |
| &nbsp;&nbsp;&nbsp; 3.50%, 12/01/45 |  | 140 | &nbsp;&nbsp; 100376 |
| &nbsp;&nbsp;&nbsp; 2.75%, 12/01/48 |  | 210 | &nbsp;&nbsp; 131468 |
|  |  |  | &nbsp;&nbsp; 286592 |
| **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** |  |
| Chile Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 01/31/27 | USD | 200 | &nbsp;&nbsp; 196400 |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/14/32 | EUR | 587 | &nbsp;&nbsp; 705108 |
| &nbsp;&nbsp;&nbsp; 4.34%, 03/07/42 | USD | 200 | &nbsp;&nbsp; 177000 |
|  |  |  | &nbsp;&nbsp; 1078508 |
| **China — 6.0%** | **China — 6.0%** | **China — 6.0%** |  |
| China Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.67%, 06/15/26 | CNY | 127370 | &nbsp;&nbsp; 17895769 |
| &nbsp;&nbsp;&nbsp; 2.05%, 04/15/29 |  | 74580 | &nbsp;&nbsp; 10635240 |
| &nbsp;&nbsp;&nbsp; 2.68%, 05/21/30 |  | 12080 | &nbsp;&nbsp; 1772909 |
| &nbsp;&nbsp;&nbsp; 3.02%, 05/27/31 |  | 105780 | &nbsp;&nbsp; 15969414 |
| &nbsp;&nbsp;&nbsp; 2.88%, 02/25/33 |  | 15000 | &nbsp;&nbsp; 2268467 |
| &nbsp;&nbsp;&nbsp; 2.11%, 08/25/34 |  | 7830 | &nbsp;&nbsp; 1122543 |
| &nbsp;&nbsp;&nbsp; 3.19%, 04/15/53 |  | 21580 | &nbsp;&nbsp; 3594396 |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/22/28 |  | 100 | &nbsp;&nbsp; 14842 |
|  |  |  | &nbsp;&nbsp; 53273580 |
| **Colombia — 0.8%** | **Colombia — 0.8%** | **Colombia — 0.8%** |  |
| &nbsp;&nbsp;&nbsp; Colombia Government International Bonds, 8.00%, <br> 04/20/33<br>| USD | 400 | &nbsp;&nbsp; 436000 |
| Colombian TES |  |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.75%, 11/03/27 | COP | 15877900 | &nbsp;&nbsp; 3780431 |
| &nbsp;&nbsp;&nbsp; Series B, 7.75%, 09/18/30 |  | 14282800 | &nbsp;&nbsp; 3215074 |
|  |  |  | &nbsp;&nbsp; 7431505 |
| **Costa Rica — 0.1%** | **Costa Rica — 0.1%** | **Costa Rica — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Costa Rica Government International Bonds, 7.30%, <br> 11/13/54<sup>(a)</sup><br>| USD | 351 | &nbsp;&nbsp; 384345 |
| **Czech Republic — 0.8%** | **Czech Republic — 0.8%** | **Czech Republic — 0.8%** |  |
| Czech Republic Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 0.95%, 05/15/30<sup>(a)</sup> | CZK | 14940 | &nbsp;&nbsp; 628708 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Czech Republic (continued)** | **Czech Republic (continued)** | **Czech Republic (continued)** |  |
| Czech Republic Government Bonds (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 105, 2.75%, 07/23/29 | CZK | 18230 | &nbsp;&nbsp; $843089 |
| &nbsp;&nbsp;&nbsp; Series 150, 5.00%, 09/30/30 |  | 69790 | &nbsp;&nbsp; 3502071 |
| &nbsp;&nbsp;&nbsp; Series 154, 4.50%, 11/11/32 |  | 33430 | &nbsp;&nbsp; 1629000 |
| &nbsp;&nbsp;&nbsp; Series 49, 4.20%, 12/04/36<sup>(a)</sup> |  | 5530 | &nbsp;&nbsp; 256671 |
|  |  |  | &nbsp;&nbsp; 6859539 |
| **Denmark — 0.0%** | **Denmark — 0.0%** | **Denmark — 0.0%** |  |
| Denmark Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 11/15/25 | DKK | 500 | &nbsp;&nbsp; 78620 |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/15/39 |  | 450 | &nbsp;&nbsp; 85755 |
|  |  |  | &nbsp;&nbsp; 164375 |
| **Dominican Republic — 0.2%** | **Dominican Republic — 0.2%** | **Dominican Republic — 0.2%** |  |
| Dominican Republic International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.95%, 01/25/27<sup>(a)</sup> | USD | 136 | &nbsp;&nbsp; 138398 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/30/30<sup>(c)</sup> |  | 350 | &nbsp;&nbsp; 342650 |
| &nbsp;&nbsp;&nbsp; 10.75%, 06/01/36<sup>(c)</sup> | DOP | 61550 | &nbsp;&nbsp; 1071587 |
| &nbsp;&nbsp;&nbsp; 10.75%, 06/01/36<sup>(a)</sup> |  | 8000 | &nbsp;&nbsp; 139280 |
|  |  |  | &nbsp;&nbsp; 1691915 |
| **Ecuador**<sup>(m)</sup> **— 0.1%** | **Ecuador**<sup>(m)</sup> **— 0.1%** | **Ecuador**<sup>(m)</sup> **— 0.1%** |  |
| Ecuador Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.90%, 07/31/30<sup>(a)</sup> | USD | 158 | &nbsp;&nbsp; 140210 |
| &nbsp;&nbsp;&nbsp; 6.90%, 07/31/30<sup>(c)</sup> |  | 14 | &nbsp;&nbsp; 12120 |
| &nbsp;&nbsp;&nbsp; 6.90%, 07/31/35<sup>(a)</sup> |  | 136 | &nbsp;&nbsp; 101204 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/31/40<sup>(a)</sup> |  | 224 | &nbsp;&nbsp; 147903 |
|  |  |  | &nbsp;&nbsp; 401437 |
| **Egypt — 0.3%** | **Egypt — 0.3%** | **Egypt — 0.3%** |  |
| Egypt Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 24.14%, 12/03/27 | EGP | 3229 | &nbsp;&nbsp; 68228 |
| &nbsp;&nbsp;&nbsp; 21.95%, 03/04/28 |  | 1177 | &nbsp;&nbsp; 24154 |
| &nbsp;&nbsp;&nbsp; 23.44%, 07/01/28 |  | 23537 | &nbsp;&nbsp; 493023 |
| &nbsp;&nbsp;&nbsp; Series 3Y, 25.32%, 08/13/27 |  | 582 | &nbsp;&nbsp; 12526 |
| &nbsp;&nbsp;&nbsp; Series 3Y, 24.46%, 10/01/27 |  | 15195 | &nbsp;&nbsp; 324290 |
| &nbsp;&nbsp;&nbsp; Series 3Y, 21.38%, 02/04/28 |  | 18123 | &nbsp;&nbsp; 368096 |
| Egypt Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/31/27<sup>(a)</sup> | USD | 200 | &nbsp;&nbsp; 202500 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/16/30<sup>(a)</sup> | EUR | 281 | &nbsp;&nbsp; 314135 |
| &nbsp;&nbsp;&nbsp; 7.63%, 05/29/32<sup>(a)</sup> | USD | 200 | &nbsp;&nbsp; 196900 |
| &nbsp;&nbsp;&nbsp; 7.90%, 02/21/48<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 165750 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/16/61<sup>(c)</sup> |  | 428 | &nbsp;&nbsp; 335124 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/16/61<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 156600 |
|  |  |  | &nbsp;&nbsp; 2661326 |
| **El Salvador**<sup>(a)</sup> **— 0.0%** | **El Salvador**<sup>(a)</sup> **— 0.0%** | **El Salvador**<sup>(a)</sup> **— 0.0%** |  |
| El Salvador Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 02/28/29 |  | 80 | &nbsp;&nbsp; 85320 |
| &nbsp;&nbsp;&nbsp; 9.25%, 04/17/30 |  | 153 | &nbsp;&nbsp; 166617 |
|  |  |  | &nbsp;&nbsp; 251937 |
| **Ethiopia — 0.0%** | **Ethiopia — 0.0%** | **Ethiopia — 0.0%** |  |
| Ethiopia International Bonds, 6.63%, 12/11/24<sup>(a)(f)(j)</sup> |  | 200 | &nbsp;&nbsp; 191500 |
| **France**<sup>(a)(c)</sup> **— 0.2%** | **France**<sup>(a)(c)</sup> **— 0.2%** | **France**<sup>(a)(c)</sup> **— 0.2%** |  |
| French Republic Government Bond OAT |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 05/25/30 | EUR | 40 | &nbsp;&nbsp; 46617 |
| &nbsp;&nbsp;&nbsp; 1.50%, 05/25/31 |  | 190 | &nbsp;&nbsp; 207526 |
| &nbsp;&nbsp;&nbsp; 3.20%, 05/25/35 |  | 2 | &nbsp;&nbsp; 2298 |
| &nbsp;&nbsp;&nbsp; 1.50%, 05/25/50 |  | 2536 | &nbsp;&nbsp; 1747394 |
|  |  |  | &nbsp;&nbsp; 2003835 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Gabon — 0.0%** | **Gabon — 0.0%** | **Gabon — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Gabon Government International Bonds, Series 4Y, <br> 9.50%, 02/18/29<sup>(a)</sup><br>| USD | 400 | &nbsp;&nbsp; $370124 |
| **Ghana**<sup>(m)</sup> **— 0.1%** | **Ghana**<sup>(m)</sup> **— 0.1%** | **Ghana**<sup>(m)</sup> **— 0.1%** |  |
| Ghana Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 07/03/29<sup>(a)</sup> |  | 348 | &nbsp;&nbsp; 338931 |
| &nbsp;&nbsp;&nbsp; 6.00%, 07/03/35<sup>(c)</sup> |  | 176 | &nbsp;&nbsp; 147275 |
|  |  |  | &nbsp;&nbsp; 486206 |
| **Greece**<sup>(a)(c)</sup> **— 0.2%** | **Greece**<sup>(a)(c)</sup> **— 0.2%** | **Greece**<sup>(a)(c)</sup> **— 0.2%** |  |
| Hellenic Republic Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 04/22/27 | EUR | 92 | &nbsp;&nbsp; 107976 |
| &nbsp;&nbsp;&nbsp; 1.50%, 06/18/30 |  | 1740 | &nbsp;&nbsp; 1940505 |
|  |  |  | &nbsp;&nbsp; 2048481 |
| **Guatemala — 0.1%** | **Guatemala — 0.1%** | **Guatemala — 0.1%** |  |
| Guatemala Government Bonds, 6.60%, 06/13/36<sup>(c)</sup> | USD | 405 | &nbsp;&nbsp; 428895 |
| **Hungary — 0.3%** | **Hungary — 0.3%** | **Hungary — 0.3%** |  |
| Hungary Government Bonds, 7.00%, 10/24/35 | HUF | 363670 | &nbsp;&nbsp; 1105526 |
| Hungary Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/16/29<sup>(c)</sup> | USD | 400 | &nbsp;&nbsp; 408300 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/16/34<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 203325 |
| &nbsp;&nbsp;&nbsp; Series 10Y, 5.38%, 09/12/33<sup>(a)</sup> | EUR | 53 | &nbsp;&nbsp; 67448 |
| &nbsp;&nbsp;&nbsp; Series 4Y, 5.00%, 02/22/27<sup>(a)</sup> |  | 186 | &nbsp;&nbsp; 226584 |
| &nbsp;&nbsp;&nbsp; Series 6Y, 4.00%, 07/25/29<sup>(a)</sup> |  | 131 | &nbsp;&nbsp; 158096 |
| Magyar Export-Import Bank Zrt, 6.00%, 05/16/29<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 253742 |
| MFB Magyar Fejlesztesi Bank Zrt, 6.50%, 06/29/28<sup>(a)</sup> | USD | 200 | &nbsp;&nbsp; 209876 |
|  |  |  | &nbsp;&nbsp; 2632897 |
| **India — 0.1%** | **India — 0.1%** | **India — 0.1%** |  |
| India Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.32%, 11/13/30 | INR | 43400 | &nbsp;&nbsp; 510552 |
| &nbsp;&nbsp;&nbsp; 7.30%, 06/19/53 |  | 14700 | &nbsp;&nbsp; 167365 |
| &nbsp;&nbsp;&nbsp; 7.09%, 08/05/54 |  | 29800 | &nbsp;&nbsp; 330946 |
|  |  |  | &nbsp;&nbsp; 1008863 |
| **Indonesia — 0.9%** | **Indonesia — 0.9%** | **Indonesia — 0.9%** |  |
| Indonesia Treasury Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/30 | IDR | 5891000 | &nbsp;&nbsp; 366969 |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/15/32 |  | 3145000 | &nbsp;&nbsp; 193221 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/33 |  | 2158000 | &nbsp;&nbsp; 135652 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/36 |  | 1474000 | &nbsp;&nbsp; 89369 |
| &nbsp;&nbsp;&nbsp; 7.13%, 08/15/40 |  | 1477000 | &nbsp;&nbsp; 91182 |
| &nbsp;&nbsp;&nbsp; Series 103, 6.75%, 07/15/35 |  | 38030000 | &nbsp;&nbsp; 2339003 |
| &nbsp;&nbsp;&nbsp; Series FR59, 7.00%, 05/15/27 |  | 34223000 | &nbsp;&nbsp; 2116130 |
| &nbsp;&nbsp;&nbsp; Series FR72, 8.25%, 05/15/36 |  | 21795000 | &nbsp;&nbsp; 1487092 |
| &nbsp;&nbsp;&nbsp; Series FR98, 7.13%, 06/15/38 |  | 19655000 | &nbsp;&nbsp; 1219518 |
|  |  |  | &nbsp;&nbsp; 8038136 |
| **Ireland**<sup>(a)</sup> **— 1.3%** | **Ireland**<sup>(a)</sup> **— 1.3%** | **Ireland**<sup>(a)</sup> **— 1.3%** |  |
| Ireland Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.60%, 10/18/34 | EUR | 8064 | &nbsp;&nbsp; 9206430 |
| &nbsp;&nbsp;&nbsp; 3.15%, 10/18/55 |  | 2325 | &nbsp;&nbsp; 2466167 |
|  |  |  | &nbsp;&nbsp; 11672597 |
| **Italy**<sup>(a)</sup> **— 0.2%** | **Italy**<sup>(a)</sup> **— 0.2%** | **Italy**<sup>(a)</sup> **— 0.2%** |  |
| Italy Buoni Poliennali Del Tesoro |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 10/01/35 |  | 740 | &nbsp;&nbsp; 874349 |
| &nbsp;&nbsp;&nbsp; Series 30Y, 3.85%, 09/01/49<sup>(c)</sup> |  | 700 | &nbsp;&nbsp; 774988 |
| &nbsp;&nbsp;&nbsp; Series 31Y, 4.75%, 09/01/44<sup>(c)</sup> |  | 232 | &nbsp;&nbsp; 296190 |
|  |  |  | &nbsp;&nbsp; 1945527 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Ivory Coast**<sup>(a)</sup> **— 0.1%** | **Ivory Coast**<sup>(a)</sup> **— 0.1%** | **Ivory Coast**<sup>(a)</sup> **— 0.1%** |  |
| Ivory Coast Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/03/28 | USD | 200 | &nbsp;&nbsp; $202880 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/17/31 | EUR | 200 | &nbsp;&nbsp; 233489 |
|  |  |  | &nbsp;&nbsp; 436369 |
| **Japan — 1.3%** | **Japan — 1.3%** | **Japan — 1.3%** |  |
| &nbsp;&nbsp;&nbsp; Japan Government Forty Year Bonds, Series 15, 1.00%, <br> 03/20/62<br>| JPY | 1882200 | &nbsp;&nbsp; 6829427 |
| Japan Government Thirty Year Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.40%, 03/20/55 |  | 246700 | &nbsp;&nbsp; 1454076 |
| &nbsp;&nbsp;&nbsp; Series 64, 0.40%, 09/20/49 |  | 707400 | &nbsp;&nbsp; 2763158 |
| &nbsp;&nbsp;&nbsp; Japan Government Twenty Year Bonds, 1.30%, <br> 12/20/43<br>|  | 61000 | &nbsp;&nbsp; 341420 |
|  |  |  | &nbsp;&nbsp; 11388081 |
| **Jordan — 0.0%** | **Jordan — 0.0%** | **Jordan — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Jordan Government International Bonds, 7.50%, <br> 01/13/29<sup>(a)</sup><br>| USD | 200 | &nbsp;&nbsp; 208242 |
| **Kenya — 0.1%** | **Kenya — 0.1%** | **Kenya — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Republic of Kenya Government International Bonds, <br> 7.25%, 02/28/28<sup>(a)</sup><br>|  | 400 | &nbsp;&nbsp; 410849 |
| **Lebanon**<sup>(a)</sup> **— 0.0%** | **Lebanon**<sup>(a)</sup> **— 0.0%** | **Lebanon**<sup>(a)</sup> **— 0.0%** |  |
| Lebanon Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.65%, 04/22/24 |  | 162 | &nbsp;&nbsp; 35802 |
| &nbsp;&nbsp;&nbsp; 6.20%, 02/26/25 |  | 162 | &nbsp;&nbsp; 35802 |
| &nbsp;&nbsp;&nbsp; 6.65%, 11/03/28<sup>(f)(j)</sup> |  | 336 | &nbsp;&nbsp; 74256 |
| &nbsp;&nbsp;&nbsp; Series 10Y, 6.85%, 03/23/27<sup>(f)(j)</sup> |  | 182 | &nbsp;&nbsp; 40222 |
| &nbsp;&nbsp;&nbsp; Series 15YR, 7.00%, 03/23/32<sup>(f)(j)</sup> |  | 50 | &nbsp;&nbsp; 11050 |
|  |  |  | &nbsp;&nbsp; 197132 |
| **Malaysia — 0.2%** | **Malaysia — 0.2%** | **Malaysia — 0.2%** |  |
| Malaysia Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.83%, 07/05/34 | MYR | 4048 | &nbsp;&nbsp; 986621 |
| &nbsp;&nbsp;&nbsp; 4.46%, 03/31/53 |  | 1368 | &nbsp;&nbsp; 350249 |
|  |  |  | &nbsp;&nbsp; 1336870 |
| **Mexico — 2.6%** | **Mexico — 2.6%** | **Mexico — 2.6%** |  |
| Eagle Funding Luxco SARL, 5.50%, 08/17/30<sup>(c)</sup> | USD | 500 | &nbsp;&nbsp; 507750 |
| Mexican Bonos |  |  |  |
| &nbsp;&nbsp;&nbsp; Series M, 7.00%, 09/03/26 | MXN | 787 | &nbsp;&nbsp; 4279829 |
| &nbsp;&nbsp;&nbsp; Series M, 7.50%, 06/03/27 |  | 275 | &nbsp;&nbsp; 1501151 |
| &nbsp;&nbsp;&nbsp; Series M, 8.50%, 03/01/29 |  | 373 | &nbsp;&nbsp; 2063273 |
| &nbsp;&nbsp;&nbsp; Series M, 8.50%, 05/31/29 |  | 10 | &nbsp;&nbsp; 56903 |
| &nbsp;&nbsp;&nbsp; Series M, 7.75%, 05/29/31 |  | 676 | &nbsp;&nbsp; 3591831 |
| &nbsp;&nbsp;&nbsp; Series M, 7.50%, 05/26/33 |  | 41 | &nbsp;&nbsp; 2123125 |
| &nbsp;&nbsp;&nbsp; Series M, 7.75%, 11/13/42 |  | 136 | &nbsp;&nbsp; 642424 |
| Mexico Bonos, 8.00%, 02/21/36 |  | 251 | &nbsp;&nbsp; 1292533 |
| Mexico Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 02/09/28 | USD | 200 | &nbsp;&nbsp; 204700 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/13/30 |  | 4065 | &nbsp;&nbsp; 4278412 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/22/33 |  | 271 | &nbsp;&nbsp; 270729 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/19/34 | EUR | 408 | &nbsp;&nbsp; 486198 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/19/38 |  | 100 | &nbsp;&nbsp; 119534 |
| &nbsp;&nbsp;&nbsp; 6.05%, 01/11/40 | USD | 182 | &nbsp;&nbsp; 183480 |
| &nbsp;&nbsp;&nbsp; 6.34%, 05/04/53 |  | 200 | &nbsp;&nbsp; 194522 |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/13/55 |  | 1158 | &nbsp;&nbsp; 1274379 |
|  |  |  | &nbsp;&nbsp; 23070773 |
| **Mongolia — 0.0%** | **Mongolia — 0.0%** | **Mongolia — 0.0%** |  |
| City of Ulaanbaatar Mongolia, 7.75%, 08/21/27<sup>(a)</sup> |  | 300 | &nbsp;&nbsp; 306113 |
| **Morocco — 0.0%** | **Morocco — 0.0%** | **Morocco — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Morocco Government International Bonds, 4.75%, <br> 04/02/35<sup>(c)</sup><br>| EUR | 203 | &nbsp;&nbsp; 245492 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Netherlands — 0.0%** | **Netherlands — 0.0%** | **Netherlands — 0.0%** |  |
| Netherlands Government Bonds, 2.75%, 01/15/47<sup>(a)(c)</sup> | EUR | 311 | &nbsp;&nbsp; $334004 |
| **Nigeria — 0.1%** | **Nigeria — 0.1%** | **Nigeria — 0.1%** |  |
| Nigeria Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/28/28<sup>(a)</sup> | USD | 200 | &nbsp;&nbsp; 196403 |
| &nbsp;&nbsp;&nbsp; 8.38%, 03/24/29<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 206900 |
| &nbsp;&nbsp;&nbsp; 10.38%, 12/09/34<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 222600 |
|  |  |  | &nbsp;&nbsp; 625903 |
| **Oman — 0.0%** | **Oman — 0.0%** | **Oman — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Oman Government International Bonds, 6.75%, <br> 01/17/48<sup>(a)</sup><br>|  | 200 | &nbsp;&nbsp; 219860 |
| **Pakistan**<sup>(a)</sup> **— 0.1%** | **Pakistan**<sup>(a)</sup> **— 0.1%** | **Pakistan**<sup>(a)</sup> **— 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Pakistan Global Sukuk Programme Co. Ltd., 7.95%, <br> 01/31/29<br>|  | 200 | &nbsp;&nbsp; 203200 |
| Pakistan Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 12/05/27 |  | 200 | &nbsp;&nbsp; 199600 |
| &nbsp;&nbsp;&nbsp; 7.38%, 04/08/31 |  | 200 | &nbsp;&nbsp; 196000 |
|  |  |  | &nbsp;&nbsp; 598800 |
| **Panama — 0.0%** | **Panama — 0.0%** | **Panama — 0.0%** |  |
| Panama Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 01/29/26 |  | 100 | &nbsp;&nbsp; 100800 |
| &nbsp;&nbsp;&nbsp; 7.50%, 03/01/31 |  | 200 | &nbsp;&nbsp; 220700 |
|  |  |  | &nbsp;&nbsp; 321500 |
| **Peru — 0.3%** | **Peru — 0.3%** | **Peru — 0.3%** |  |
| Corp. Financiera de Desarrollo SA, 2.40%, 09/28/27<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 191688 |
| Fondo Mivivienda SA, 4.63%, 04/12/27<sup>(a)</sup> |  | 150 | &nbsp;&nbsp; 150750 |
| Peruvian Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.78%, 01/23/31 |  | 11 | &nbsp;&nbsp; 10145 |
| &nbsp;&nbsp;&nbsp; 1.86%, 12/01/32 |  | 59 | &nbsp;&nbsp; 48704 |
| &nbsp;&nbsp;&nbsp; 6.85%, 08/12/35<sup>(c)</sup> | PEN | 5809 | &nbsp;&nbsp; 1767393 |
|  |  |  | &nbsp;&nbsp; 2168680 |
| **Philippines — 0.5%** | **Philippines — 0.5%** | **Philippines — 0.5%** |  |
| Philippines Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/28/29 | PHP | 110160 | &nbsp;&nbsp; 1919021 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/20/30 |  | 21000 | &nbsp;&nbsp; 362719 |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/28/35 |  | 124840 | &nbsp;&nbsp; 2199225 |
|  |  |  | &nbsp;&nbsp; 4480965 |
| **Poland — 1.6%** | **Poland — 1.6%** | **Poland — 1.6%** |  |
| Republic of Poland Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/25/35 | PLN | 6941 | &nbsp;&nbsp; 1838673 |
| &nbsp;&nbsp;&nbsp; 2.00%, 08/25/36 |  | 2139 | &nbsp;&nbsp; 525856 |
| &nbsp;&nbsp;&nbsp; Series 0130, 5.00%, 01/25/30 |  | 2394 | &nbsp;&nbsp; 664582 |
| &nbsp;&nbsp;&nbsp; Series 0429, 5.75%, 04/25/29 |  | 20506 | &nbsp;&nbsp; 5849709 |
| &nbsp;&nbsp;&nbsp; Series 0729, 4.75%, 07/25/29 |  | 11265 | &nbsp;&nbsp; 3108820 |
| &nbsp;&nbsp;&nbsp; Series 1029, 2.75%, 10/25/29 |  | 1597 | &nbsp;&nbsp; 408968 |
| &nbsp;&nbsp;&nbsp; Series 1034, 5.00%, 10/25/34 |  | 5661 | &nbsp;&nbsp; 1516437 |
| Republic of Poland Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/12/30 | USD | 110 | &nbsp;&nbsp; 113229 |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/04/33 |  | 20 | &nbsp;&nbsp; 20212 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/04/53 |  | 73 | &nbsp;&nbsp; 70487 |
|  |  |  | &nbsp;&nbsp; 14116973 |
| **Qatar — 0.0%** | **Qatar — 0.0%** | **Qatar — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Qatar Government International Bonds, 3.25%, <br> 06/02/26<sup>(a)</sup><br>|  | 200 | &nbsp;&nbsp; 198800 |
| **Romania — 0.2%** | **Romania — 0.2%** | **Romania — 0.2%** |  |
| Romania Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/25/27<sup>(a)</sup> |  | 118 | &nbsp;&nbsp; 119238 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/25/27<sup>(c)</sup> |  | 28 | &nbsp;&nbsp; 28294 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Romania (continued)** | **Romania (continued)** | **Romania (continued)** |  |
| Romania Government International Bonds (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/17/28<sup>(a)</sup> | USD | 16 | &nbsp;&nbsp; $16628 |
| &nbsp;&nbsp;&nbsp; 2.13%, 03/07/28<sup>(a)</sup> | EUR | 206 | &nbsp;&nbsp; 234599 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/30/29<sup>(a)</sup> | USD | 570 | &nbsp;&nbsp; 585648 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/10/30<sup>(a)</sup> | EUR | 71 | &nbsp;&nbsp; 85887 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/16/30<sup>(c)</sup> | USD | 30 | &nbsp;&nbsp; 30562 |
| &nbsp;&nbsp;&nbsp; 2.12%, 07/16/31<sup>(a)</sup> | EUR | 104 | &nbsp;&nbsp; 104091 |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/27/32<sup>(a)</sup> | USD | 48 | &nbsp;&nbsp; 42720 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/30/32<sup>(a)</sup> | EUR | 154 | &nbsp;&nbsp; 180001 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/11/32<sup>(c)</sup> |  | 34 | &nbsp;&nbsp; 40866 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/10/34<sup>(c)</sup> |  | 82 | &nbsp;&nbsp; 99014 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/11/39<sup>(c)</sup> |  | 31 | &nbsp;&nbsp; 37109 |
| &nbsp;&nbsp;&nbsp; 2.75%, 04/14/41<sup>(a)</sup> |  | 32 | &nbsp;&nbsp; 24096 |
|  |  |  | &nbsp;&nbsp; 1628753 |
| **Saudi Arabia — 0.1%** | **Saudi Arabia — 0.1%** | **Saudi Arabia — 0.1%** |  |
| Saudi Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/13/28<sup>(c)</sup> | USD | 200 | &nbsp;&nbsp; 204112 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/18/28<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 202750 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/17/30<sup>(a)</sup> |  | 200 | &nbsp;&nbsp; 202390 |
| &nbsp;&nbsp;&nbsp; 3.45%, 02/02/61<sup>(a)</sup> |  | 303 | &nbsp;&nbsp; 198086 |
|  |  |  | &nbsp;&nbsp; 807338 |
| **Senegal — 0.0%** | **Senegal — 0.0%** | **Senegal — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Senegal Government International Bonds, 4.75%, <br> 03/13/28<sup>(a)</sup><br>| EUR | 132 | &nbsp;&nbsp; 134926 |
| **Serbia — 0.0%** | **Serbia — 0.0%** | **Serbia — 0.0%** |  |
| Serbia International Bonds, 6.00%, 06/12/34<sup>(c)</sup> | USD | 200 | &nbsp;&nbsp; 208300 |
| **South Africa — 1.6%** | **South Africa — 1.6%** | **South Africa — 1.6%** |  |
| Republic of South Africa Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.88%, 02/28/35 | ZAR | 364 | &nbsp;&nbsp; 20707 |
| &nbsp;&nbsp;&nbsp; 8.50%, 01/31/37 |  | 56881 | &nbsp;&nbsp; 3031891 |
| &nbsp;&nbsp;&nbsp; Series 2030, 8.00%, 01/31/30 |  | 83434 | &nbsp;&nbsp; 4847452 |
| &nbsp;&nbsp;&nbsp; Series R213, 7.00%, 02/28/31 |  | 99587 | &nbsp;&nbsp; 5469085 |
| Republic of South Africa Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.10%, 11/19/36<sup>(a)</sup> | USD | 400 | &nbsp;&nbsp; 417200 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/08/41 |  | 294 | &nbsp;&nbsp; 271869 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/30/49 |  | 250 | &nbsp;&nbsp; 200240 |
|  |  |  | &nbsp;&nbsp; 14258444 |
| **Spain — 4.4%** | **Spain — 4.4%** | **Spain — 4.4%** |  |
| Spain Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 01/31/30 | EUR | 3 | &nbsp;&nbsp; 3550 |
| &nbsp;&nbsp;&nbsp; 1.25%, 10/31/30<sup>(a)(c)</sup> |  | 1 | &nbsp;&nbsp; 1100 |
| &nbsp;&nbsp;&nbsp; 3.15%, 04/30/35<sup>(a)(c)</sup> |  | 30885 | &nbsp;&nbsp; 36120226 |
| &nbsp;&nbsp;&nbsp; 3.20%, 10/31/35<sup>(a)(c)</sup> |  | 740 | &nbsp;&nbsp; 864966 |
| &nbsp;&nbsp;&nbsp; 3.90%, 07/30/39<sup>(a)(c)</sup> |  | 462 | &nbsp;&nbsp; 560129 |
| &nbsp;&nbsp;&nbsp; 2.90%, 10/31/46<sup>(a)(c)</sup> |  | 866 | &nbsp;&nbsp; 877716 |
| &nbsp;&nbsp;&nbsp; 3.45%, 07/30/66<sup>(a)(c)</sup> |  | 688 | &nbsp;&nbsp; 693215 |
|  |  |  | &nbsp;&nbsp; 39120902 |
| **Sri Lanka — 0.1%** | **Sri Lanka — 0.1%** | **Sri Lanka — 0.1%** |  |
| Sri Lanka Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/28<sup>(a)</sup> | USD | 112 | &nbsp;&nbsp; 107043 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/28<sup>(c)</sup> |  | 30 | &nbsp;&nbsp; 28683 |
| &nbsp;&nbsp;&nbsp; 3.35%, 01/15/30<sup>(c)(m)</sup> |  | 32 | &nbsp;&nbsp; 30299 |
| &nbsp;&nbsp;&nbsp; 3.35%, 01/15/30<sup>(a)(m)</sup> |  | 4 | &nbsp;&nbsp; 3752 |
| &nbsp;&nbsp;&nbsp; 3.60%, 03/15/33<sup>(c)(m)</sup> |  | 64 | &nbsp;&nbsp; 54986 |
| &nbsp;&nbsp;&nbsp; 5.10%, 06/15/35<sup>(a)(m)</sup> |  | 134 | &nbsp;&nbsp; 97753 |
| &nbsp;&nbsp;&nbsp; 5.10%, 06/15/35<sup>(c)(m)</sup> |  | 43 | &nbsp;&nbsp; 30981 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Sri Lanka (continued)** | **Sri Lanka (continued)** | **Sri Lanka (continued)** |  |
| Sri Lanka Government International Bonds (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.85%, 05/15/36<sup>(c)(m)</sup> | USD | 30 | &nbsp;&nbsp; $26732 |
| &nbsp;&nbsp;&nbsp; 3.85%, 02/15/38<sup>(c)(m)</sup> |  | 59 | &nbsp;&nbsp; 52520 |
|  |  |  | &nbsp;&nbsp; 432749 |
| **Supranational — 0.1%** | **Supranational — 0.1%** | **Supranational — 0.1%** |  |
| Inter-American Development Bank, 7.35%, 10/06/30 | INR | 30000 | &nbsp;&nbsp; 345237 |
| &nbsp;&nbsp;&nbsp; International Bank for Reconstruction & Development, <br> 6.85%, 04/24/28<br>|  | 40000 | &nbsp;&nbsp; 452422 |
|  |  |  | &nbsp;&nbsp; 797659 |
| **Sweden**<sup>(a)</sup> **— 0.0%** | **Sweden**<sup>(a)</sup> **— 0.0%** | **Sweden**<sup>(a)</sup> **— 0.0%** |  |
| Sweden Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 1053, 3.50%, 03/30/39 | SEK | 250 | &nbsp;&nbsp; 28665 |
| &nbsp;&nbsp;&nbsp; Series 1059, 1.00%, 11/12/26 |  | 960 | &nbsp;&nbsp; 100980 |
|  |  |  | &nbsp;&nbsp; 129645 |
| **Thailand — 0.6%** | **Thailand — 0.6%** | **Thailand — 0.6%** |  |
| Thailand Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 11/17/29 | THB | 160072 | &nbsp;&nbsp; 5186224 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/17/55 |  | 1176 | &nbsp;&nbsp; 51317 |
|  |  |  | &nbsp;&nbsp; 5237541 |
| **Trinidad And Tobago**<sup>(a)</sup> **— 0.1%** | **Trinidad And Tobago**<sup>(a)</sup> **— 0.1%** | **Trinidad And Tobago**<sup>(a)</sup> **— 0.1%** |  |
| Trinidad & Tobago Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/04/26 | USD | 200 | &nbsp;&nbsp; 199200 |
| &nbsp;&nbsp;&nbsp; 6.40%, 06/26/34 |  | 200 | &nbsp;&nbsp; 203650 |
|  |  |  | &nbsp;&nbsp; 402850 |
| **Tunisia — 0.0%** | **Tunisia — 0.0%** | **Tunisia — 0.0%** |  |
| Tunisian Republic, 6.38%, 07/15/26<sup>(a)</sup> | EUR | 216 | &nbsp;&nbsp; 252304 |
| **Turkey — 0.1%** | **Turkey — 0.1%** | **Turkey — 0.1%** |  |
| Turkiye Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 10Y, 26.20%, 10/05/33 | TRY | 9906 | &nbsp;&nbsp; 219701 |
| &nbsp;&nbsp;&nbsp; Series 5Y, 31.08%, 11/08/28 |  | 12567 | &nbsp;&nbsp; 284293 |
| &nbsp;&nbsp;&nbsp; Series 5Y, 30.00%, 09/12/29 |  | 11122 | &nbsp;&nbsp; 246510 |
| &nbsp;&nbsp;&nbsp; Turkiye Government International Bonds, 9.13%, <br> 07/13/30<br>| USD | 200 | &nbsp;&nbsp; 226100 |
|  |  |  | &nbsp;&nbsp; 976604 |
| **Ukraine — 0.1%** | **Ukraine — 0.1%** | **Ukraine — 0.1%** |  |
| Ukraine Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/29<sup>(c)(m)</sup> |  | 164 | &nbsp;&nbsp; 111732 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/29<sup>(a)(m)</sup> |  | 158 | &nbsp;&nbsp; 107440 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/30<sup>(c)(m)</sup> |  | 7 | &nbsp;&nbsp; 3506 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/34<sup>(a)(m)</sup> |  | 27 | &nbsp;&nbsp; 15053 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/01/34<sup>(a)(m)</sup> |  | 40 | &nbsp;&nbsp; 16500 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/35<sup>(c)(m)</sup> |  | 37 | &nbsp;&nbsp; 20188 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/35<sup>(a)(m)</sup> |  | 22 | &nbsp;&nbsp; 12067 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/01/35<sup>(a)(m)</sup> |  | 144 | &nbsp;&nbsp; 69353 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/01/35<sup>(c)(m)</sup> |  | 21 | &nbsp;&nbsp; 10211 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/36<sup>(a)(m)</sup> |  | 156 | &nbsp;&nbsp; 84439 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/36<sup>(c)(m)</sup> |  | 25 | &nbsp;&nbsp; 13276 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/01/36<sup>(a)(m)</sup> |  | 199 | &nbsp;&nbsp; 95980 |
| &nbsp;&nbsp;&nbsp; 7.75%, 08/01/41<sup>(a)(f)(j)</sup> |  | 152 | &nbsp;&nbsp; 120688 |
|  |  |  | &nbsp;&nbsp; 680433 |
| **United Arab Emirates — 0.0%** | **United Arab Emirates — 0.0%** | **United Arab Emirates — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Government International Bonds, 4.88%, <br> 04/30/29<sup>(a)</sup><br>|  | 200 | &nbsp;&nbsp; 207025 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United Kingdom**<sup>(a)</sup> **— 1.0%** | **United Kingdom**<sup>(a)</sup> **— 1.0%** | **United Kingdom**<sup>(a)</sup> **— 1.0%** |  |
| U.K. Gilts |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/07/30 | GBP | 2971 | &nbsp;&nbsp; $4033202 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/07/35 |  | 5 | &nbsp;&nbsp; 6620 |
| &nbsp;&nbsp;&nbsp; 1.75%, 09/07/37 |  | 60 | &nbsp;&nbsp; 57987 |
| &nbsp;&nbsp;&nbsp; 4.75%, 12/07/38 |  | 30 | &nbsp;&nbsp; 39365 |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/22/44 |  | 165 | &nbsp;&nbsp; 167360 |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/22/45 |  | 700 | &nbsp;&nbsp; 729177 |
| &nbsp;&nbsp;&nbsp; 1.50%, 07/22/47 |  | 1040 | &nbsp;&nbsp; 700327 |
| &nbsp;&nbsp;&nbsp; 3.75%, 07/22/52 |  | 1000 | &nbsp;&nbsp; 1017570 |
| &nbsp;&nbsp;&nbsp; 3.75%, 10/22/53 |  | 804 | &nbsp;&nbsp; 809417 |
| &nbsp;&nbsp;&nbsp; 0.50%, 10/22/61 |  | 4373 | &nbsp;&nbsp; 1434885 |
|  |  |  | &nbsp;&nbsp; 8995910 |
| **Uruguay — 0.0%** | **Uruguay — 0.0%** | **Uruguay — 0.0%** |  |
| Oriental Republic of Uruguay, 5.25%, 09/10/60 | USD | 85 | &nbsp;&nbsp; 79744 |
| &nbsp;&nbsp;&nbsp; Uruguay Government International Bonds, 9.75%, <br> 07/20/33<br>| UYU | 10169 | &nbsp;&nbsp; 279093 |
|  |  |  | &nbsp;&nbsp; 358837 |
| **Uzbekistan — 0.1%** | **Uzbekistan — 0.1%** | **Uzbekistan — 0.1%** |  |
| Republic of Uzbekistan International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/29/27<sup>(c)</sup> | EUR | 240 | &nbsp;&nbsp; 290024 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/29/27<sup>(a)</sup> |  | 151 | &nbsp;&nbsp; 182473 |
| &nbsp;&nbsp;&nbsp; 7.85%, 10/12/28<sup>(a)</sup> | USD | 200 | &nbsp;&nbsp; 214600 |
|  |  |  | &nbsp;&nbsp; 687097 |
| **Venezuela — 0.0%** | **Venezuela — 0.0%** | **Venezuela — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Venezuela Government International Bonds, 11.95%, <br> 08/05/31<sup>(a)(f)(j)</sup><br>|  | 247 | &nbsp;&nbsp; 58045 |
| **Zambia — 0.0%** | **Zambia — 0.0%** | **Zambia — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Zambia Government International Bonds, 7.50%, <br> 06/30/33<sup>(a)(m)</sup><br>|  | 66 | &nbsp;&nbsp; 63147 |
| **Total Foreign Agency Obligations — 28.1%** <br>**(Cost: $252,083,523)** | **Total Foreign Agency Obligations — 28.1%** <br>**(Cost: $252,083,523)** | **Total Foreign Agency Obligations — 28.1%** <br>**(Cost: $252,083,523)** | &nbsp;&nbsp; 250340210 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Grantor Trust** | **Grantor Trust** | **Grantor Trust** |
| **United States — 0.3%** | **United States — 0.3%** |  |
| iShares Bitcoin Trust ETF<sup>(f)(h)(i)</sup> | 41322 | &nbsp;&nbsp; 2685930 |
| **Total Grantor Trust — 0.3%** <br>**(Cost: $1,884,574)** | **Total Grantor Trust — 0.3%** <br>**(Cost: $1,884,574)** | &nbsp;&nbsp; 2685930 |
| **Investment Companies** | **Investment Companies** | **Investment Companies** |
| **Brazil — 0.0%** | **Brazil — 0.0%** |  |
| iShares MSCI Brazil ETF<sup>(h)</sup> | 4886 | &nbsp;&nbsp; 151466 |
| **United States — 1.6%** | **United States — 1.6%** |  |
| iShares China Large-Cap ETF<sup>(h)</sup> | 9138 | &nbsp;&nbsp; 375937 |
| iShares iBoxx $ High Yield Corporate Bond ETF<sup>(h)</sup> | 136396 | &nbsp;&nbsp; 11073991 |
| iShares JP Morgan USD Emerging Markets Bond ETF<sup>(h)</sup> | 17814 | &nbsp;&nbsp; 1695715 |
| SPDR S&P Regional Banking ETF | 3159 | &nbsp;&nbsp; 199965 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **United States (continued)** | **United States (continued)** |  |
| VanEck J.P. Morgan EM Local Currency Bond ETF | 21689 | &nbsp;&nbsp; $553286 |
| VanEck Semiconductor ETF<sup>(f)</sup> | 842 | &nbsp;&nbsp; 274795 |
|  |  | &nbsp;&nbsp; 14173689 |
| **Total Investment Companies — 1.6%** <br>**(Cost: $13,704,964)** | **Total Investment Companies — 1.6%** <br>**(Cost: $13,704,964)** | &nbsp;&nbsp; 14325155 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Arizona — 0.0%** | **Arizona — 0.0%** | **Arizona — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, RB, <br> 7.38%, 10/01/29<sup>(c)</sup><br>| USD | 170 | &nbsp;&nbsp; 178013 |
| **California — 0.0%** | **California — 0.0%** | **California — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; California Pollution Control Financing Authority, RB, AMT, <br> 5.00%, 11/21/45<sup>(c)</sup><br>|  | 180 | &nbsp;&nbsp; 176455 |
| &nbsp;&nbsp;&nbsp; City of San Francisco California Public Utilities <br> Commission Water Revenue, Refunding RB, Class D, <br> 5.00%, 11/01/55<br>|  | 80 | &nbsp;&nbsp; 84164 |
|  |  |  | &nbsp;&nbsp; 260619 |
| **Colorado — 0.0%** | **Colorado — 0.0%** | **Colorado — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Mesa County Valley School District No. 51 Grand <br> Junction, GO, (SAW), 5.25%, 12/01/49<br>|  | 125 | &nbsp;&nbsp; 133019 |
| **District of Columbia — 0.0%** | **District of Columbia — 0.0%** | **District of Columbia — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; District of Columbia Income Tax Revenue, Refunding <br> RB, Series A, 5.25%, 06/01/50<br>|  | 320 | &nbsp;&nbsp; 340283 |
| **Florida — 0.1%** | **Florida — 0.1%** | **Florida — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Hillsborough County Aviation Authority, ARB, Series B, <br> AMT, 5.50%, 10/01/49<br>|  | 75 | &nbsp;&nbsp; 79482 |
| &nbsp;&nbsp;&nbsp; Hillsborough County Industrial Development Authority, <br> Refunding RB, Series C, 5.25%, 11/15/49<br>|  | 150 | &nbsp;&nbsp; 158210 |
| Tampa Bay Water, RB, Series A, 5.25%, 10/01/54 |  | 235 | &nbsp;&nbsp; 249263 |
|  |  |  | &nbsp;&nbsp; 486955 |
| **Georgia — 0.0%** | **Georgia — 0.0%** | **Georgia — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; City of Atlanta Georgia Department of Aviation, ARB, <br> Series B-1, AMT, Sustainability Bonds, 5.25%, <br> 07/01/50<br>|  | 135 | &nbsp;&nbsp; 140308 |
| State of Georgia, GO, Series A, 4.00%, 07/01/40 |  | 70 | &nbsp;&nbsp; 71050 |
|  |  |  | &nbsp;&nbsp; 211358 |
| **Illinois — 0.1%** | **Illinois — 0.1%** | **Illinois — 0.1%** |  |
| State of Illinois, GO, Series F, 5.25%, 09/01/48 |  | 330 | &nbsp;&nbsp; 340597 |
| **Kansas — 0.0%** | **Kansas — 0.0%** | **Kansas — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Johnson County Unified School District No. 231 Gardner <br> - Edgerton, Refunding GO, (AGM), 5.25%, 10/01/50<br>|  | 100 | &nbsp;&nbsp; 105009 |
| **Louisiana — 0.0%** | **Louisiana — 0.0%** | **Louisiana — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Louisiana Public Facilities Authority, Refunding RB, <br> Series A, 3.00%, 05/15/47<br>|  | 155 | &nbsp;&nbsp; 110470 |
| **Massachusetts — 0.2%** | **Massachusetts — 0.2%** | **Massachusetts — 0.2%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts, GO, Series C, 5.00%, <br> 06/01/51<br>|  | 235 | &nbsp;&nbsp; 245722 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Massachusetts (continued)** | **Massachusetts (continued)** | **Massachusetts (continued)** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts, GOL, Series A, <br> 5.00%, 04/01/50<br>| USD | 210 | &nbsp;&nbsp; $219840 |
| &nbsp;&nbsp;&nbsp; Massachusetts Bay Transportation Authority Sales Tax <br> Revenue, Refunding RB, Series B, 5.25%, 07/01/50<br>|  | 330 | &nbsp;&nbsp; 353144 |
| Massachusetts School Building Authority, RB |  |  |  |
| &nbsp;&nbsp;&nbsp; Series A, Subordinate, 5.00%, 02/15/50 |  | 205 | &nbsp;&nbsp; 214158 |
| &nbsp;&nbsp;&nbsp; Series A, Subordinate, 5.25%, 02/15/50 |  | 205 | &nbsp;&nbsp; 218976 |
|  |  |  | &nbsp;&nbsp; 1251840 |
| **Michigan — 0.1%** | **Michigan — 0.1%** | **Michigan — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Great Lakes Water Authority Water Supply System <br> Revenue, RB<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series B, Senior Lien, 5.25%, 07/01/53 |  | 190 | &nbsp;&nbsp; 199481 |
| &nbsp;&nbsp;&nbsp; Series C, Senior Lien, 5.25%, 07/01/55 |  | 85 | &nbsp;&nbsp; 89699 |
| &nbsp;&nbsp;&nbsp; Michigan State Building Authority, Refunding RB, <br> Series I, 5.00%, 10/15/50<br>|  | 75 | &nbsp;&nbsp; 78220 |
| &nbsp;&nbsp;&nbsp; Michigan State Housing Development Authority, RB, M/F <br> Housing, Series A-1, 5.25%, 10/01/50<br>|  | 145 | &nbsp;&nbsp; 148744 |
| &nbsp;&nbsp;&nbsp; Michigan State University, Refunding RB, Series A, <br> 5.00%, 02/15/55<br>|  | 120 | &nbsp;&nbsp; 124279 |
|  |  |  | &nbsp;&nbsp; 640423 |
| **Nebraska — 0.0%** | **Nebraska — 0.0%** | **Nebraska — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Omaha Public Power District, RB, Series A, 5.50%, <br> 02/01/49<br>|  | 105 | &nbsp;&nbsp; 113796 |
| **New Jersey — 0.1%** | **New Jersey — 0.1%** | **New Jersey — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; New Jersey Health Care Facilities Financing Authority, <br> RB, 3.00%, 07/01/51<br>|  | 95 | &nbsp;&nbsp; 69030 |
| New Jersey Transportation Trust Fund Authority, RB |  |  |  |
| &nbsp;&nbsp;&nbsp; Series CC, 5.25%, 06/15/50 |  | 230 | &nbsp;&nbsp; 241146 |
| &nbsp;&nbsp;&nbsp; Series CC, 5.25%, 06/15/55 |  | 145 | &nbsp;&nbsp; 151358 |
| &nbsp;&nbsp;&nbsp; New Jersey Turnpike Authority, RB, Series A, 5.25%, <br> 01/01/55<br>|  | 90 | &nbsp;&nbsp; 95805 |
|  |  |  | &nbsp;&nbsp; 557339 |
| **New York — 0.1%** | **New York — 0.1%** | **New York — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Long Island Power Authority, Refunding RB, Series A, <br> 5.00%, 09/01/49<br>|  | 75 | &nbsp;&nbsp; 77653 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, <br> Refunding RB, Series AA, Class 2, Subordinate, <br> 5.00%, 06/15/48<br>|  | 140 | &nbsp;&nbsp; 146796 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority, RB, <br> Series D, 5.25%, 05/01/48<br>|  | 285 | &nbsp;&nbsp; 303391 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, RB, Series A, <br> 5.00%, 03/15/53<br>|  | 230 | &nbsp;&nbsp; 238034 |
| &nbsp;&nbsp;&nbsp; New York State Thruway Authority, RB, Series A, 5.00%, <br> 03/15/46<br>|  | 330 | &nbsp;&nbsp; 347549 |
|  |  |  | &nbsp;&nbsp; 1113423 |
| **North Carolina — 0.0%** | **North Carolina — 0.0%** | **North Carolina — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; City of Charlotte North Carolina Airport Revenue, <br> Refunding ARB, Series A, 3.00%, 07/01/46<br>|  | 230 | &nbsp;&nbsp; 167863 |
| **Ohio — 0.1%** | **Ohio — 0.1%** | **Ohio — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Columbus Regional Airport Authority, Refunding ARB, <br> Series A, Class A, AMT, 5.50%, 01/01/55<br>|  | 440 | &nbsp;&nbsp; 458107 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Oklahoma — 0.0%** | **Oklahoma — 0.0%** | **Oklahoma — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Oklahoma Capitol Improvement Authority, RB, Series A, <br> 5.25%, 07/01/50<br>| USD | 235 | &nbsp;&nbsp; $250314 |
| **Pennsylvania — 0.0%** | **Pennsylvania — 0.0%** | **Pennsylvania — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Allegheny County Airport Authority, ARB, Series A, AMT, <br> (AGM), 5.50%, 01/01/50<br>|  | 75 | &nbsp;&nbsp; 79035 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Turnpike Commission, RB, Series B, <br> 5.25%, 12/01/50<br>|  | 165 | &nbsp;&nbsp; 175710 |
|  |  |  | &nbsp;&nbsp; 254745 |
| **Puerto Rico — 0.1%** | **Puerto Rico — 0.1%** | **Puerto Rico — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Puerto Rico, RB, 0.00%, <br> 11/01/51<sup>(b)(f)(j)</sup><br>|  | 1809 | &nbsp;&nbsp; 1062133 |
| **Texas — 0.3%** | **Texas — 0.3%** | **Texas — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, <br> Refunding ARB, Series A, AMT, Subordinate Lien, <br> 5.50%, 07/01/50<br>|  | 270 | &nbsp;&nbsp; 286001 |
| &nbsp;&nbsp;&nbsp; City of San Antonio Texas Electric & Gas Systems <br> Revenue, Refunding RB, Series B, 5.00%, 02/01/54<br>|  | 335 | &nbsp;&nbsp; 344742 |
| &nbsp;&nbsp;&nbsp; Dallas Fort Worth International Airport, Refunding ARB, <br> Series A-1, AMT, 11/01/44<sup>(d)</sup><br>|  | 105 | &nbsp;&nbsp; 110438 |
| &nbsp;&nbsp;&nbsp; Gregory-Portland Independent School District, GO, <br> (PSF), 5.25%, 02/15/50<br>|  | 330 | &nbsp;&nbsp; 349429 |
| &nbsp;&nbsp;&nbsp; Hutto Independent School District, GO, (PSF), 5.00%, <br> 08/01/50<br>|  | 160 | &nbsp;&nbsp; 167119 |
| &nbsp;&nbsp;&nbsp; Lyford Consolidated Independent School District, GO, <br> (PSF), 4.00%, 08/15/47<br>|  | 155 | &nbsp;&nbsp; 141475 |
| &nbsp;&nbsp;&nbsp; Mesquite Independent School District, Refunding GO, <br> (PSF), 5.25%, 08/15/52<br>|  | 165 | &nbsp;&nbsp; 175401 |
| &nbsp;&nbsp;&nbsp; North Texas Municipal Water District, RB, 5.00%, <br> 06/01/55<br>|  | 75 | &nbsp;&nbsp; 77004 |
| &nbsp;&nbsp;&nbsp; Northwest Independent School District, GO, (PSF), <br> 5.25%, 02/15/55<br>|  | 155 | &nbsp;&nbsp; 164512 |
| &nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District, Refunding ARB, <br> Series B, 10.00%, 07/01/26<sup>(c)</sup><br>|  | 210 | &nbsp;&nbsp; 211099 |
| &nbsp;&nbsp;&nbsp; Terrell Independent School District, GO, (PSF), 5.25%, <br> 08/01/50<br>|  | 165 | &nbsp;&nbsp; 176517 |
|  |  |  | &nbsp;&nbsp; 2203737 |
| **Total Municipal Bonds — 1.2%** <br>**(Cost: $9,930,634)** | **Total Municipal Bonds — 1.2%** <br>**(Cost: $9,930,634)** | **Total Municipal Bonds — 1.2%** <br>**(Cost: $9,930,634)** | &nbsp;&nbsp; 10240043 |
| **Non-Agency Mortgage-Backed Securities** | **Non-Agency Mortgage-Backed Securities** | **Non-Agency Mortgage-Backed Securities** | **Non-Agency Mortgage-Backed Securities** |
| **Australia**<sup>(b)</sup> **— 0.1%** | **Australia**<sup>(b)</sup> **— 0.1%** | **Australia**<sup>(b)</sup> **— 0.1%** | **Australia**<sup>(b)</sup> **— 0.1%** |
| &nbsp;&nbsp;&nbsp; La Trobe Financial Capital Markets Trust, Series 2025-1, <br> Class A1L, (1-Month BBSW + 1.05%), 4.59%, <br> 05/15/57<br>| AUD | 491 | &nbsp;&nbsp; 324339 |
| &nbsp;&nbsp;&nbsp; SAPPHIRE XXXII Trust, Series 2025-1, Class A1L, (1-<br> Month BBSW + 1.10%), 4.64%, 06/14/66<br>|  | 1000 | &nbsp;&nbsp; 662871 |
|  |  |  | &nbsp;&nbsp; 987210 |
| **Cayman Islands — 0.1%** | **Cayman Islands — 0.1%** | **Cayman Islands — 0.1%** | **Cayman Islands — 0.1%** |
| &nbsp;&nbsp;&nbsp; AREIT Ltd., Series 2024-CRE9, Class A, (1-mo. Term <br> SOFR + 1.69%), 5.84%, 05/17/41<sup>(b)(c)</sup><br>| USD | 571 | &nbsp;&nbsp; 571398 |
| **Ireland**<sup>(a)(b)</sup> **— 0.1%** | **Ireland**<sup>(a)(b)</sup> **— 0.1%** | **Ireland**<sup>(a)(b)</sup> **— 0.1%** | **Ireland**<sup>(a)(b)</sup> **— 0.1%** |
| &nbsp;&nbsp;&nbsp; Lagarino European Loan Conduit No 40 DAC, <br> Series 40X, Class A, (3-mo. EURIBOR + 1.50%), <br> 3.47%, 06/22/37<br>| EUR | 400 | &nbsp;&nbsp; 471266 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Ireland (continued)** | **Ireland (continued)** | **Ireland (continued)** | **Ireland (continued)** |
| &nbsp;&nbsp;&nbsp; Last Mile Securities PE DAC, Series 2021-1X, Class A1, <br> (3-mo. EURIBOR + 0.90%), 2.93%, 08/17/31<br>| EUR | 300 | &nbsp;&nbsp; $351971 |
| &nbsp;&nbsp;&nbsp; Taurus, Series 2025-UK2X, Class A, (1-day SONIA GBP <br> 1.50%), 5.48%, 02/18/35<br>| GBP | 307 | &nbsp;&nbsp; 415300 |
| &nbsp;&nbsp;&nbsp; Thunder Logistics DAC, Class A, (3-mo. EURIBOR + <br> 1.50%), 5.59%, 11/17/36<br>| EUR | 128 | &nbsp;&nbsp; 150157 |
|  |  |  | &nbsp;&nbsp; 1388694 |
| **Netherlands — 0.0%** | **Netherlands — 0.0%** | **Netherlands — 0.0%** | **Netherlands — 0.0%** |
| &nbsp;&nbsp;&nbsp; Domi BV, Series 2021-1, Class A, (3-mo. EURIBOR + <br> 0.63%), 2.64%, 06/15/53<sup>(a)(b)</sup><br>|  | 88 | &nbsp;&nbsp; 104020 |
| **United Kingdom**<sup>(a)(b)</sup> **— 0.6%** | **United Kingdom**<sup>(a)(b)</sup> **— 0.6%** | **United Kingdom**<sup>(a)(b)</sup> **— 0.6%** | **United Kingdom**<sup>(a)(b)</sup> **— 0.6%** |
| &nbsp;&nbsp;&nbsp; Atlas Funding PLC, Series 2024-1, Class A, (1-day <br> SONIA GBP 0.85%), 4.82%, 09/20/61<br>| GBP | 219 | &nbsp;&nbsp; 295780 |
| Braccan Mortgage Funding |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class A, (1-day SONIA GBP 0.84%), <br> 6.19%, 02/15/67<br>|  | 367 | &nbsp;&nbsp; 495751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1X, Class A, (1-day SONIA GBP 0.84%), <br> 4.82%, 05/17/67<br>|  | 271 | &nbsp;&nbsp; 366096 |
| &nbsp;&nbsp;&nbsp; Canada Square Funding PLC, Series 2021-2, Class B, <br> (1-day SONIA GBP 1.20%), 5.17%, 06/17/58<br>|  | 112 | &nbsp;&nbsp; 150883 |
| &nbsp;&nbsp;&nbsp; Castell PLC, Series 2025-1, Class A, (1-day SONIA GBP <br> 0.97%), 4.94%, 01/27/62<br>|  | 222 | &nbsp;&nbsp; 299831 |
| &nbsp;&nbsp;&nbsp; Citadel PLC, Series 2024-1, Class A, (1-day SONIA GBP <br> 1.02%), 6.23%, 04/28/60<br>|  | 292 | &nbsp;&nbsp; 395008 |
| Exmoor Funding PLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class A, (1-day SONIA GBP 0.88%), <br> 4.85%, 03/25/94<br>|  | 210 | &nbsp;&nbsp; 283460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class B, (1-day SONIA GBP 1.50%), <br> 5.47%, 03/25/94<br>|  | 100 | &nbsp;&nbsp; 135738 |
| &nbsp;&nbsp;&nbsp; Mortimer BTL PLC, Series 2021-1, Class B, (1-day <br> SONIA GBP 1.10%), 5.07%, 06/23/53<br>|  | 100 | &nbsp;&nbsp; 134572 |
| &nbsp;&nbsp;&nbsp; PMF PLC, Series 2024-1, Class A, (1-day SONIA GBP <br> 0.98%), 4.95%, 07/16/60<br>|  | 214 | &nbsp;&nbsp; 289325 |
| &nbsp;&nbsp;&nbsp; Polaris PLC, Series 2025-2, Class B, (1-day SONIA GBP <br> 1.05%), 5.02%, 08/25/68<br>|  | 100 | &nbsp;&nbsp; 134655 |
| &nbsp;&nbsp;&nbsp; Stratton Mortgage Funding, Series 2024-3, Class A, <br> (1-day SONIA GBP 0.98%), 4.94%, 06/25/49<br>|  | 154 | &nbsp;&nbsp; 207825 |
| Together Asset Backed Securitisation PLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1, Class A, (1-day SONIA GBP 1.23%), <br> 5.20%, 04/20/65<br>|  | 204 | &nbsp;&nbsp; 275978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1ST2X, Class A, (1-day SONIA GBP <br> 0.96%), 4.93%, 10/12/65<br>|  | 294 | &nbsp;&nbsp; 397332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2ND1X, Class A, (1-day SONIA GBP <br> 0.93%), 4.90%, 09/12/56<br>|  | 133 | &nbsp;&nbsp; 179547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-CRE1, Class A, (1-day SONIA GBP <br> 1.20%), 5.17%, 01/15/57<br>|  | 464 | &nbsp;&nbsp; 628389 |
| &nbsp;&nbsp;&nbsp; U.K. Logistics DAC, Series 2024-2X, Class A, (1-day <br> SONIA GBP 1.35%), 5.33%, 02/17/35<br>|  | 277 | &nbsp;&nbsp; 373819 |
|  |  |  | &nbsp;&nbsp; 5043989 |
| **United States — 11.6%** | **United States — 11.6%** | **United States — 11.6%** | **United States — 11.6%** |
| 1345 Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-AOA, Class A, (1-mo. Term SOFR + <br> 1.60%), 5.75%, 06/15/42<br>| USD | 600 | &nbsp;&nbsp; 601500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-AOA, Class B, (1-mo. Term SOFR + <br> 2.00%), 6.15%, 06/15/42<br>|  | 330 | &nbsp;&nbsp; 330817 |
| &nbsp;&nbsp;&nbsp; 245 Park Avenue Trust, Series 2017-245P, Class E, <br> 3.78%, 06/05/37<sup>(b)(c)</sup><br>|  | 250 | &nbsp;&nbsp; 237382 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust, Series 2025-7, Class A1, <br> 5.51%, 06/25/70<sup>(b)(c)</sup><br>| USD | 1935 | &nbsp;&nbsp; $1951412 |
| Arbor Multifamily Mortgage Securities Trust<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-MF1, Class E, 1.75%, 05/15/53 |  | 1326 | &nbsp;&nbsp; 1074730 |
| &nbsp;&nbsp;&nbsp; Series 2020-MF1, Class XA, 1.05%, 05/15/53<sup>(b)</sup> |  | 14441 | &nbsp;&nbsp; 490808 |
| &nbsp;&nbsp;&nbsp; ARES, Series 2024-IND, Class A, (1-mo. Term SOFR + <br> 1.44%), 5.59%, 10/15/34<sup>(b)(c)</sup><br>|  | 590 | &nbsp;&nbsp; 590369 |
| &nbsp;&nbsp;&nbsp; ARES Commercial Mortgage Trust, Series 2024-IND, <br> Class A, (1-mo. Term SOFR + 1.69%), 5.84%, <br> 07/15/41<sup>(b)(c)</sup><br>|  | 340 | &nbsp;&nbsp; 340850 |
| Atrium Hotel Portfolio Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-ATRM, Class D, (1-mo. Term SOFR + <br> 2.25%), 6.40%, 12/15/36<br>|  | 200 | &nbsp;&nbsp; 190250 |
| &nbsp;&nbsp;&nbsp; Series 2024-ATRM, Class A, 5.59%, 11/10/29 |  | 170 | &nbsp;&nbsp; 173269 |
| &nbsp;&nbsp;&nbsp; Series 2024-ATRM, Class E, 9.52%, 11/10/29 |  | 420 | &nbsp;&nbsp; 431753 |
| BAHA Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-MAR, Class A, 6.17%, 12/10/41 |  | 1140 | &nbsp;&nbsp; 1178825 |
| &nbsp;&nbsp;&nbsp; Series 2024-MAR, Class C, 7.77%, 12/10/41 |  | 360 | &nbsp;&nbsp; 374798 |
| &nbsp;&nbsp;&nbsp; BAMLL Trust, Series 2024-BHP, Class A, (1-mo. Term <br> SOFR + 2.35%), 6.50%, 08/15/39<sup>(b)(c)</sup><br>|  | 250 | &nbsp;&nbsp; 250658 |
| Bank, Series 2024-5YR6, Class A3, 6.23%, 05/15/57 |  | 940 | &nbsp;&nbsp; 992820 |
| &nbsp;&nbsp;&nbsp; Barclays Mortgage Loan Trust, Series 2025-NQM3, <br> Class A1, 5.64%, 05/25/65<sup>(c)</sup><br>|  | 833 | &nbsp;&nbsp; 840079 |
| BBCMS Mortgage Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-C1, Class AS, 3.90%, 02/15/50 |  | 1200 | &nbsp;&nbsp; 1168047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-TALL, Class A, (1-mo. Term SOFR + <br> 0.92%), 5.07%, 03/15/37<sup>(b)(c)</sup><br>|  | 625 | &nbsp;&nbsp; 592214 |
| &nbsp;&nbsp;&nbsp; Series 2025-C35, Class D, 4.50%, 07/15/58<sup>(c)</sup> |  | 357 | &nbsp;&nbsp; 291032 |
| &nbsp;&nbsp;&nbsp; Benchmark Mortgage Trust, Series 2020-B21, Class XA, <br> 1.53%, 12/17/53<sup>(b)</sup><br>|  | 4802 | &nbsp;&nbsp; 265078 |
| BFLD Commercial Mortgage Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-UNIV, Class A, (1-mo. Term SOFR + <br> 1.49%), 5.64%, 11/15/41<br>|  | 710 | &nbsp;&nbsp; 711553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-UNIV, Class D, (1-mo. Term SOFR + <br> 2.69%), 6.84%, 11/15/41<br>|  | 360 | &nbsp;&nbsp; 361350 |
| &nbsp;&nbsp;&nbsp; Series 2025-5MW, Class D, 6.37%, 10/10/42 |  | 501 | &nbsp;&nbsp; 500361 |
| &nbsp;&nbsp;&nbsp; BFLD Mortgage Trust, Series 2024-VICT, Class A, (1-<br> mo. Term SOFR + 1.89%), 6.04%, 07/15/41<sup>(b)(c)</sup><br>|  | 240 | &nbsp;&nbsp; 240750 |
| &nbsp;&nbsp;&nbsp; BFLD Trust, Series 2025-FPM, Class B, 5.59%, <br> 10/10/40<sup>(b)(c)</sup><br>|  | 665 | &nbsp;&nbsp; 668757 |
| &nbsp;&nbsp;&nbsp; BHMS Commercial Mortgage Trust, Series 2025-ATLS, <br> Class A, (1-mo. Term SOFR + 1.85%), 6.00%, <br> 08/15/42<sup>(b)(c)</sup><br>|  | 615 | &nbsp;&nbsp; 616733 |
| &nbsp;&nbsp;&nbsp; BMP, Series 2024-MF23, Class E, (1-mo. Term SOFR + <br> 3.39%), 7.54%, 06/15/41<sup>(b)(c)</sup><br>|  | 310 | &nbsp;&nbsp; 310000 |
| BSTN Commercial Mortgage Trust, 04/13/41<sup>(b)(c)(d)</sup> |  | 230 | &nbsp;&nbsp; 230000 |
| BX Commercial Mortgage Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-CSMO, Class B, (1-mo. Term SOFR + <br> 3.14%), 7.29%, 06/15/27<br>|  | 1429 | &nbsp;&nbsp; 1443290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-XL3, Class A, (1-mo. Term SOFR + <br> 1.76%), 5.91%, 12/09/40<br>|  | 2148 | &nbsp;&nbsp; 2150710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-XL3, Class D, (1-mo. Term SOFR + <br> 3.59%), 7.74%, 12/09/40<br>|  | 544 | &nbsp;&nbsp; 545357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-AIR2, Class A, (1-mo. Term SOFR + <br> 1.49%), 5.64%, 10/15/41<br>|  | 144 | &nbsp;&nbsp; 144102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-AIRC, Class A, (1-mo. Term SOFR + <br> 1.69%), 5.84%, 08/15/39<br>|  | 281 | &nbsp;&nbsp; 281385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-BRBK, Class A, (1-mo. Term SOFR + <br> 2.88%), 7.03%, 10/15/41<br>|  | 560 | &nbsp;&nbsp; 562975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-BRBK, Class B, (1-mo. Term SOFR + <br> 3.93%), 8.07%, 10/15/41<br>|  | 250 | &nbsp;&nbsp; 250310 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| BX Commercial Mortgage Trust<sup>(b)(c)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-MDHS, Class A, (1-mo. Term SOFR + <br> 1.64%), 5.79%, 05/15/41<br>| USD | 388 | &nbsp;&nbsp; $388297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-MF, Class E, (1-mo. Term SOFR + <br> 3.74%), 7.89%, 02/15/39<br>|  | 664 | &nbsp;&nbsp; 665414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-XL4, Class D, (1-mo. Term SOFR + <br> 3.14%), 7.29%, 02/15/39<br>|  | 603 | &nbsp;&nbsp; 605108 |
| BX Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-LBA, Class GJV, (1-mo. Term SOFR + <br> 3.11%), 7.27%, 02/15/36<br>|  | 134 | &nbsp;&nbsp; 133080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-LBA, Class GV, (1-mo. Term SOFR + <br> 3.11%), 7.27%, 02/15/36<br>|  | 712 | &nbsp;&nbsp; 708170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-VIEW, Class F, (1-mo. Term SOFR + <br> 4.04%), 8.19%, 06/15/36<br>|  | 790 | &nbsp;&nbsp; 773842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-DELC, Class A, (1-mo. Term SOFR + <br> 2.69%), 6.84%, 05/15/38<br>|  | 1385 | &nbsp;&nbsp; 1393638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-BIO, Class A, (1-mo. Term SOFR + <br> 1.64%), 5.79%, 02/15/41<br>|  | 435 | &nbsp;&nbsp; 434320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CNYN, Class E, (1-mo. Term SOFR + <br> 3.69%), 7.84%, 04/15/41<br>|  | 577 | &nbsp;&nbsp; 574639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-PALM, Class A, (1-mo. Term SOFR + <br> 1.54%), 5.69%, 06/15/37<br>|  | 519 | &nbsp;&nbsp; 520042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-PAT, Class C, (1-mo. Term SOFR + <br> 4.44%), 8.59%, 03/15/41<br>|  | 1100 | &nbsp;&nbsp; 1104132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-PAT, Class D, (1-mo. Term SOFR + <br> 5.39%), 9.54%, 03/15/41<br>|  | 350 | &nbsp;&nbsp; 352336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-VLT4, Class A, (1-mo. Term SOFR + <br> 1.49%), 5.64%, 06/15/41<br>|  | 647 | &nbsp;&nbsp; 647404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-VLT4, Class F, (1-mo. Term SOFR + <br> 3.94%), 8.09%, 06/15/41<br>|  | 375 | &nbsp;&nbsp; 375462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-TAIL, Class A, (1-mo. Term SOFR + <br> 1.40%), 5.55%, 06/15/35<br>|  | 840 | &nbsp;&nbsp; 838688 |
| BXP Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-CC, Class D, 3.67%, 08/13/37 |  | 110 | &nbsp;&nbsp; 92022 |
| &nbsp;&nbsp;&nbsp; Series 2017-CC, Class E, 3.67%, 08/13/37 |  | 220 | &nbsp;&nbsp; 177663 |
| &nbsp;&nbsp;&nbsp; Cali, Series 2024-SUN, Class A, (1-mo. Term SOFR + <br> 1.89%), 6.11%, 07/15/41<sup>(b)(c)</sup><br>|  | 140 | &nbsp;&nbsp; 140306 |
| &nbsp;&nbsp;&nbsp; CFCRE Commercial Mortgage Trust, Series 2016-C4, <br> Class AM, 3.69%, 05/10/58<br>|  | 1700 | &nbsp;&nbsp; 1688071 |
| &nbsp;&nbsp;&nbsp; CFSP Mortgage Trust, Series 2024-AHP1, Class A, <br> 6.50%, 04/15/37<br>|  | 317 | &nbsp;&nbsp; 306451 |
| Citigroup Commercial Mortgage Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-C2, Class B, 3.18%, 08/10/49 |  | 750 | &nbsp;&nbsp; 732323 |
| &nbsp;&nbsp;&nbsp; Series 2020-420K, Class D, 3.42%, 11/10/42<sup>(b)(c)</sup> |  | 360 | &nbsp;&nbsp; 321259 |
| &nbsp;&nbsp;&nbsp; Series 2020-420K, Class X, 0.91%, 11/10/42<sup>(b)(c)</sup> |  | 20000 | &nbsp;&nbsp; 711827 |
| &nbsp;&nbsp;&nbsp; COLT Mortgage Loan Trust, Series 2025-5, Class A1, <br> 5.54%, 05/25/70<sup>(c)</sup><br>|  | 1815 | &nbsp;&nbsp; 1831306 |
| &nbsp;&nbsp;&nbsp; COMM Mortgage Trust, Series 2025-167G, Class B, <br> 5.93%, 08/10/40<sup>(c)</sup><br>|  | 324 | &nbsp;&nbsp; 325189 |
| Commercial Mortgage Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-DC2, Class B, 4.84%, 02/10/49 |  | 100 | &nbsp;&nbsp; 99361 |
| &nbsp;&nbsp;&nbsp; Series 2016-DC2, Class C, 4.84%, 02/10/49 |  | 100 | &nbsp;&nbsp; 98962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-WCL1, Class A, (1-mo. Term SOFR + <br> 1.84%), 5.99%, 06/15/41<sup>(c)</sup><br>|  | 170 | &nbsp;&nbsp; 169522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-WCL1, Class E, (1-mo. Term SOFR + <br> 4.49%), 8.64%, 06/15/41<sup>(c)</sup><br>|  | 235 | &nbsp;&nbsp; 234138 |
| &nbsp;&nbsp;&nbsp; Series 2025-SBX, Class B, 5.73%, 08/10/41<sup>(c)</sup> |  | 823 | &nbsp;&nbsp; 826909 |
| CONE Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-DFW1, Class A, (1-mo. Term SOFR + <br> 1.64%), 5.79%, 08/15/41<br>|  | 130 | &nbsp;&nbsp; 129897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-DFW1, Class E, (1-mo. Term SOFR + <br> 3.89%), 8.04%, 08/15/41<br>|  | 160 | &nbsp;&nbsp; 159908 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; CSAIL Commercial Mortgage Trust, Series 2018-CX12, <br> Class C, 4.88%, 08/15/51<sup>(b)</sup><br>| USD | 750 | &nbsp;&nbsp; $689841 |
| &nbsp;&nbsp;&nbsp; CSMC, Series 2021-BHAR, Class A, (1-mo. Term SOFR <br> + 1.26%), 5.42%, 11/15/38<sup>(b)(c)</sup><br>|  | 1850 | &nbsp;&nbsp; 1837859 |
| &nbsp;&nbsp;&nbsp; CSTL Commercial Mortgage Trust, Series 2024-GATE, <br> Class A, 4.92%, 11/10/41<sup>(b)(c)</sup><br>|  | 460 | &nbsp;&nbsp; 461959 |
| &nbsp;&nbsp;&nbsp; DBGS, Series 2024-SBL, Class A, (1-mo. Term SOFR + <br> 1.88%), 6.03%, 08/15/34<sup>(b)(c)</sup><br>|  | 190 | &nbsp;&nbsp; 190594 |
| &nbsp;&nbsp;&nbsp; DBSG Mortgage Trust, Series 2024-ALTA, Class A, <br> 6.14%, 06/10/37<sup>(b)(c)</sup><br>|  | 312 | &nbsp;&nbsp; 317239 |
| DC Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-HLTN, Class F, 10.66%, 04/13/40 |  | 750 | &nbsp;&nbsp; 751196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-LXP, Class B, (1-mo. Term SOFR + <br> 1.84%), 5.99%, 08/15/37<br>|  | 268 | &nbsp;&nbsp; 268084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-LXP, Class C, (1-mo. Term SOFR + <br> 2.24%), 6.39%, 08/15/37<br>|  | 287 | &nbsp;&nbsp; 287269 |
| &nbsp;&nbsp;&nbsp; DK Trust, Series 2024-SPBX, Class E, (1-mo. Term <br> SOFR + 4.00%), 8.15%, 03/15/34<sup>(b)(c)</sup><br>|  | 1100 | &nbsp;&nbsp; 1103507 |
| &nbsp;&nbsp;&nbsp; Durst Commercial Mortgage Trust, Series 2025-151, <br> Class A, 5.32%, 08/10/42<sup>(b)(c)</sup><br>|  | 647 | &nbsp;&nbsp; 658981 |
| ELM Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-ELM, Class A10, 5.99%, 06/10/39 |  | 330 | &nbsp;&nbsp; 333371 |
| &nbsp;&nbsp;&nbsp; Series 2024-ELM, Class A15, 5.99%, 06/10/39 |  | 330 | &nbsp;&nbsp; 332064 |
| &nbsp;&nbsp;&nbsp; Series 2024-ELM, Class E10, 8.05%, 06/10/39 |  | 350 | &nbsp;&nbsp; 352289 |
| &nbsp;&nbsp;&nbsp; EQT Trust, Series 2024-EXTR, Class A, 5.33%, <br> 07/05/41<sup>(b)(c)</sup><br>|  | 1200 | &nbsp;&nbsp; 1227434 |
| Extended Stay America Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-ESH, Class E, (1-mo. Term SOFR + <br> 2.96%), 7.11%, 07/15/38<br>|  | 590 | &nbsp;&nbsp; 590293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-ESH, Class F, (1-mo. Term SOFR + <br> 3.81%), 7.96%, 07/15/38<br>|  | 1037 | &nbsp;&nbsp; 1037230 |
| Fontainebleau Miami Beach Mortgage Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-FBLU, Class A, (1-mo. Term SOFR + <br> 1.45%), 5.60%, 12/15/39<br>|  | 410 | &nbsp;&nbsp; 410128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-FBLU, Class F, (1-mo. Term SOFR + <br> 4.25%), 8.40%, 12/15/39<br>|  | 410 | &nbsp;&nbsp; 411040 |
| &nbsp;&nbsp;&nbsp; Great Wolf Trust, Series 2024-WOLF, Class A, (1-mo. <br> Term SOFR + 1.54%), 5.69%, 03/15/39<sup>(b)(c)</sup><br>|  | 1100 | &nbsp;&nbsp; 1102062 |
| GS Mortgage Securities Corp. Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-ROSS, Class A, (1-mo. Term SOFR + <br> 1.41%), 5.57%, 05/15/26<br>|  | 100 | &nbsp;&nbsp; 94625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-FUN, Class B, (1-mo. Term SOFR + <br> 2.79%), 6.94%, 03/15/28<br>|  | 1500 | &nbsp;&nbsp; 1507500 |
| &nbsp;&nbsp;&nbsp; Series 2023-SHIP, Class C, 5.69%, 09/10/38 |  | 1370 | &nbsp;&nbsp; 1374266 |
| &nbsp;&nbsp;&nbsp; Series 2023-SHIP, Class E, 7.68%, 09/10/38 |  | 420 | &nbsp;&nbsp; 423017 |
| &nbsp;&nbsp;&nbsp; Series 2024-RVR, Class E, 7.72%, 08/10/41 |  | 250 | &nbsp;&nbsp; 249311 |
| &nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust, Series 2020-GSA2, <br> Class XA, 1.77%, 12/12/53<sup>(b)(c)</sup><br>|  | 3415 | &nbsp;&nbsp; 220301 |
| &nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust, Series 2025-<br> NQM4, Class A1, 6.01%, 10/25/65<sup>(c)</sup><br>|  | 459 | &nbsp;&nbsp; 458933 |
| &nbsp;&nbsp;&nbsp; GWT, Series 2024-WLF2, Class A, (1-mo. Term SOFR + <br> 1.69%), 5.84%, 05/15/41<sup>(b)(c)</sup><br>|  | 1100 | &nbsp;&nbsp; 1102062 |
| HIH Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2061, Class A, (1-mo. Term SOFR + <br> 1.84%), 5.99%, 10/15/41<br>|  | 108 | &nbsp;&nbsp; 108750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2061, Class D, (1-mo. Term SOFR + <br> 3.64%), 7.79%, 10/15/41<br>|  | 414 | &nbsp;&nbsp; 415488 |
| &nbsp;&nbsp;&nbsp; HILT Commercial Mortgage Trust, Series 2024-ORL, <br> Class D, (1-mo. Term SOFR + 3.19%), 7.34%, <br> 05/15/37<sup>(b)(c)</sup><br>|  | 750 | &nbsp;&nbsp; 749531 |
| Homes Trust<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM1, Class A1, 6.18%, 01/25/68 |  | 1888 | &nbsp;&nbsp; 1888580 |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM1, Class A2, 6.74%, 01/25/68 |  | 632 | &nbsp;&nbsp; 632748 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Homes Trust<sup>(c)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM3, Class A1, 5.63%, 02/25/70 | USD | 2192 | &nbsp;&nbsp; $2211310 |
| &nbsp;&nbsp;&nbsp; Hono Lulu Mortgage Trust, Series 2021-LULU, Class A, <br> (1-mo. Term SOFR + 1.26%), 5.42%, 10/15/36<sup>(b)(c)</sup><br>|  | 695 | &nbsp;&nbsp; 691959 |
| &nbsp;&nbsp;&nbsp; HTL Commercial Mortgage Trust, Series 2024-T53, <br> Class E, 10.60%, 05/10/39<sup>(b)(c)</sup><br>|  | 750 | &nbsp;&nbsp; 776089 |
| &nbsp;&nbsp;&nbsp; INV Mortgage Trust, Series 2024-IND, Class A, (1-mo. <br> Term SOFR + 1.74%), 5.89%, 11/15/41<sup>(b)(c)</sup><br>|  | 940 | &nbsp;&nbsp; 932950 |
| &nbsp;&nbsp;&nbsp; JP Morgan Chase Commercial Mortgage Securities <br> Trust<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-NINE, Class B, 2.95%, 09/06/38<sup>(b)</sup> |  | 450 | &nbsp;&nbsp; 441700 |
| &nbsp;&nbsp;&nbsp; Series 2018-AON, Class A, 4.13%, 07/05/31 |  | 600 | &nbsp;&nbsp; 549105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-MHC, Class E, (1-mo. Term SOFR + <br> 2.81%), 6.97%, 04/15/38<sup>(b)</sup><br>|  | 745 | &nbsp;&nbsp; 745931 |
| &nbsp;&nbsp;&nbsp; Series 2024-IGLG, Class D, 6.70%, 11/09/39<sup>(b)</sup> |  | 370 | &nbsp;&nbsp; 370322 |
| &nbsp;&nbsp;&nbsp; Series 2024-OMNI, Class A, 5.99%, 10/05/39<sup>(b)</sup> |  | 250 | &nbsp;&nbsp; 255024 |
| &nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust, Series 2025-VIS3, Class A1, <br> 5.06%, 02/25/66<sup>(b)(c)</sup><br>|  | 1325 | &nbsp;&nbsp; 1324993 |
| &nbsp;&nbsp;&nbsp; JP Morgan Seasoned Mortgage Trust, Series 2014-1, <br> Class B4, 5.06%, 05/25/33<sup>(b)(c)</sup><br>|  | 1415 | &nbsp;&nbsp; 1355553 |
| JW Commercial Mortgage Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-MRCO, Class A, (1-mo. Term SOFR + <br> 1.62%), 5.77%, 06/15/39<br>|  | 814 | &nbsp;&nbsp; 816540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-MRCO, Class D, (1-mo. Term SOFR + <br> 3.19%), 7.34%, 06/15/39<br>|  | 375 | &nbsp;&nbsp; 377514 |
| &nbsp;&nbsp;&nbsp; KSL Commercial Mortgage Trust, Series 2024-HT2, <br> Class A, (1-mo. Term SOFR + 1.54%), 5.69%, <br> 12/15/39<sup>(b)(c)</sup><br>|  | 147 | &nbsp;&nbsp; 146619 |
| LBA Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-BOLT, Class A, (1-mo. Term SOFR + <br> 1.59%), 5.74%, 06/15/39<br>|  | 520 | &nbsp;&nbsp; 520650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-BOLT, Class F, (1-mo. Term SOFR + <br> 4.44%), 8.59%, 06/15/39<br>|  | 250 | &nbsp;&nbsp; 249317 |
| MCM Trust<sup>(e)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 09/25/31<sup>(c)</sup> |  | 760 | &nbsp;&nbsp; 538391 |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/25/31 |  | 826 | &nbsp;&nbsp; 794613 |
| MCR Mortgage Trust<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-HF1, Class A, (1-mo. Term SOFR + <br> 1.79%), 5.94%, 12/15/41<sup>(b)</sup><br>|  | 601 | &nbsp;&nbsp; 603442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-HTL, Class E, (1-mo. Term SOFR + <br> 4.65%), 8.81%, 02/15/37<sup>(b)</sup><br>|  | 604 | &nbsp;&nbsp; 601460 |
| &nbsp;&nbsp;&nbsp; Series 2024-TWA, Class A, 5.92%, 06/12/39 |  | 160 | &nbsp;&nbsp; 162282 |
| &nbsp;&nbsp;&nbsp; Series 2024-TWA, Class E, 8.73%, 06/12/39 |  | 235 | &nbsp;&nbsp; 238957 |
| &nbsp;&nbsp;&nbsp; MFA Trust, Series 2025-NQM2, Class A1, 5.68%, <br> 05/27/70<sup>(c)</sup><br>|  | 1503 | &nbsp;&nbsp; 1516103 |
| &nbsp;&nbsp;&nbsp; MHP Trust, Series 2021-STOR, Class G, (1-mo. Term <br> SOFR + 2.86%), 7.02%, 07/15/38<sup>(b)(c)</sup><br>|  | 760 | &nbsp;&nbsp; 760000 |
| Morgan Stanley Capital I Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-ASHF, Class F, (1-mo. Term SOFR + <br> 4.65%), 8.80%, 11/15/34<sup>(b)(c)</sup><br>|  | 260 | &nbsp;&nbsp; 247425 |
| &nbsp;&nbsp;&nbsp; Series 2018-MP, Class A, 4.42%, 07/11/40<sup>(b)(c)</sup> |  | 1000 | &nbsp;&nbsp; 948599 |
| &nbsp;&nbsp;&nbsp; Series 2021-L5, Class A2, 1.52%, 05/15/54 |  | 676 | &nbsp;&nbsp; 660052 |
| Morgan Stanley Residential Mortgage Loan Trust<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-DSC1, Class A1, 5.56%, 03/25/70 |  | 1559 | &nbsp;&nbsp; 1571978 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM4, Class A1, 5.59%, 06/25/70 |  | 1309 | &nbsp;&nbsp; 1319747 |
| NCMF Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-MFS, Class A, 5.05%, 06/10/33 |  | 910 | &nbsp;&nbsp; 911982 |
| &nbsp;&nbsp;&nbsp; Series 2025-MFS, Class B, 5.69%, 06/10/33 |  | 593 | &nbsp;&nbsp; 598569 |
| &nbsp;&nbsp;&nbsp; NYC Commercial Mortgage Trust, Series 2025-3BP, <br> Class A, (1-mo. Term SOFR + 1.21%), 5.36%, <br> 02/15/42<sup>(b)(c)</sup><br>|  | 604 | &nbsp;&nbsp; 602475 |
| &nbsp;&nbsp;&nbsp; NYCT Trust, Series 2024-3ELV, Class A, (1-mo. Term <br> SOFR + 1.99%), 6.14%, 08/15/29<sup>(b)(c)</sup><br>|  | 140 | &nbsp;&nbsp; 140624 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Olympic Tower Mortgage Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-OT, Class D, 4.08%, 05/10/39 | USD | 130 | &nbsp;&nbsp; $114154 |
| &nbsp;&nbsp;&nbsp; Series 2017-OT, Class E, 4.08%, 05/10/39 |  | 160 | &nbsp;&nbsp; 134663 |
| &nbsp;&nbsp;&nbsp; One Market Plaza Trust, Series 2017-1MKT, Class D, <br> 4.15%, 02/10/32<sup>(c)</sup><br>|  | 850 | &nbsp;&nbsp; 801886 |
| &nbsp;&nbsp;&nbsp; One New York Plaza Trust, Series 2020-1NYP, Class D, <br> (1-mo. Term SOFR + 2.86%), 7.02%, 01/15/36<sup>(b)(c)</sup><br>|  | 270 | &nbsp;&nbsp; 256499 |
| &nbsp;&nbsp;&nbsp; Open Trust, Series 2023-AIR, Class A, (1-mo. Term <br> SOFR + 3.09%), 7.24%, 11/15/40<sup>(b)(c)</sup><br>|  | 61 | &nbsp;&nbsp; 61112 |
| &nbsp;&nbsp;&nbsp; ORL Trust, Series 2024-GLKS, Class A, (1-mo. Term <br> SOFR + 1.49%), 5.64%, 12/15/39<sup>(b)(c)</sup><br>|  | 220 | &nbsp;&nbsp; 220069 |
| &nbsp;&nbsp;&nbsp; Park Avenue Mortgage Trust, Series 2017-280P, <br> Class E, (1-mo. Term SOFR + 2.42%), 6.64%, <br> 09/15/34<sup>(b)(c)</sup><br>|  | 635 | &nbsp;&nbsp; 614719 |
| &nbsp;&nbsp;&nbsp; PENN Commercial Mortgage Trust, Series 2025-P11, <br> Class A, 5.52%, 08/10/42<sup>(b)(c)</sup><br>|  | 279 | &nbsp;&nbsp; 283953 |
| &nbsp;&nbsp;&nbsp; PGA Trust, Series 2024-RSR2, Class A, (1-mo. Term <br> SOFR + 1.89%), 6.04%, 06/15/39<sup>(b)(c)</sup><br>|  | 750 | &nbsp;&nbsp; 750000 |
| PRKCM Trust<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-AFC1, Class A2, 7.00%, 02/25/58 |  | 415 | &nbsp;&nbsp; 415989 |
| &nbsp;&nbsp;&nbsp; Series 2023-AFC2, Class A1, 6.48%, 06/25/58 |  | 486 | &nbsp;&nbsp; 487438 |
| &nbsp;&nbsp;&nbsp; RCKT Mortgage Trust, Series 2023-CES1, Class M2, <br> 7.98%, 06/25/43<sup>(b)(c)</sup><br>|  | 740 | &nbsp;&nbsp; 749802 |
| ROCK Trust<sup>(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-CNTR, Class A, 5.39%, 11/13/41 |  | 346 | &nbsp;&nbsp; 356489 |
| &nbsp;&nbsp;&nbsp; Series 2024-CNTR, Class E, 8.82%, 11/13/41 |  | 150 | &nbsp;&nbsp; 156989 |
| &nbsp;&nbsp;&nbsp; Santander Mortgage Asset Receivable Trust, <br> Series 2025-NQM5, Class A1, 5.07%, 08/25/65<sup>(b)(c)</sup><br>|  | 1185 | &nbsp;&nbsp; 1184989 |
| SELF Commercial Mortgage Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-STRG, Class A, (1-mo. Term SOFR + <br> 1.54%), 5.69%, 11/15/34<br>|  | 630 | &nbsp;&nbsp; 628819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-STRG, Class E, (1-mo. Term SOFR + <br> 4.19%), 8.34%, 11/15/34<br>|  | 410 | &nbsp;&nbsp; 409103 |
| SHR Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-LXRY, Class A, (1-mo. Term SOFR + <br> 1.95%), 6.10%, 10/15/41<br>|  | 420 | &nbsp;&nbsp; 420525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-LXRY, Class E, (1-mo. Term SOFR + <br> 4.45%), 8.60%, 10/15/41<br>|  | 420 | &nbsp;&nbsp; 423242 |
| TVC DSCR<sup>(e)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1, 0.00%, 03/25/28<sup>(c)</sup> |  | 314 | &nbsp;&nbsp; 269202 |
| &nbsp;&nbsp;&nbsp; Series 2021-1, Class A, 0.00%, 02/01/51 |  | 593 | &nbsp;&nbsp; 546588 |
| &nbsp;&nbsp;&nbsp; UBS Commercial Mortgage Trust, Series 2017-C4, <br> Class AS, 3.84%, 10/15/50<sup>(b)</sup><br>|  | 1700 | &nbsp;&nbsp; 1638123 |
| &nbsp;&nbsp;&nbsp; VEGAS, Series 2024-GCS, Class C, 6.42%, <br> 07/10/36<sup>(b)(c)</sup><br>|  | 600 | &nbsp;&nbsp; 603916 |
| &nbsp;&nbsp;&nbsp; VEGAS Trust, Series 2024-TI, Class A, 5.52%, <br> 11/10/39<sup>(c)</sup><br>|  | 380 | &nbsp;&nbsp; 385661 |
| Velocity Commercial Capital Loan Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class M3, 3.19%, 02/25/50 |  | 48 | &nbsp;&nbsp; 37698 |
| &nbsp;&nbsp;&nbsp; Series 2025-3, Class A, 5.87%, 06/25/55 |  | 2190 | &nbsp;&nbsp; 2208953 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust, Series 2023-3, Class A1, <br> 5.93%, 03/25/68<sup>(c)</sup><br>|  | 1337 | &nbsp;&nbsp; 1339047 |
| &nbsp;&nbsp;&nbsp; VRTX Trust, Series 2025-HQ, Class B, 5.67%, <br> 08/05/42<sup>(b)(c)</sup><br>|  | 710 | &nbsp;&nbsp; 717044 |
| Wells Fargo Commercial Mortgage Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-NXS5, Class B, 5.09%, 01/15/59<sup>(b)</sup> |  | 1400 | &nbsp;&nbsp; 1383211 |
| &nbsp;&nbsp;&nbsp; Series 2019-C50, Class XA, 1.57%, 05/15/52<sup>(b)</sup> |  | 12128 | &nbsp;&nbsp; 453420 |
| &nbsp;&nbsp;&nbsp; Series 2021-C59, Class XA, 1.62%, 04/15/54<sup>(b)</sup> |  | 975 | &nbsp;&nbsp; 57447 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Wells Fargo Commercial Mortgage Trust (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1CHI, Class A, 5.48%, 07/15/35<sup>(b)(c)</sup> | USD | 106 | &nbsp;&nbsp; $106971 |
| &nbsp;&nbsp;&nbsp; Series 2024-BPRC, Class C, 6.43%, 07/15/43<sup>(c)</sup> |  | 400 | &nbsp;&nbsp; 403708 |
| &nbsp;&nbsp;&nbsp; WHARF Commercial Mortgage Trust, Series 2025-DC, <br> Class B, 5.73%, 07/15/40<sup>(b)(c)</sup><br>|  | 108 | &nbsp;&nbsp; 109837 |
|  |  |  | &nbsp;&nbsp; 103245103 |
| **Total Non-Agency Mortgage-Backed Securities — 12.5%** <br>**(Cost: $110,764,053)** | **Total Non-Agency Mortgage-Backed Securities — 12.5%** <br>**(Cost: $110,764,053)** | **Total Non-Agency Mortgage-Backed Securities — 12.5%** <br>**(Cost: $110,764,053)** | &nbsp;&nbsp; 111340414 |
| **Preferred Securities** | **Preferred Securities** | **Preferred Securities** | **Preferred Securities** |
| **Capital Trusts — 1.4%**<sup>(b)</sup> | **Capital Trusts — 1.4%**<sup>(b)</sup> | **Capital Trusts — 1.4%**<sup>(b)</sup> | **Capital Trusts — 1.4%**<sup>(b)</sup> |
| **Canada — 0.0%** | **Canada — 0.0%** | **Canada — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Bell Telephone Co. of Canada or Bell Canada, 6.88%, <br> 09/15/55<br>|  | 105 | &nbsp;&nbsp; 108930 |
| **Denmark — 0.0%** | **Denmark — 0.0%** | **Denmark — 0.0%** |  |
| Orsted A/S, 2.50%, 12/31/99<sup>(a)</sup> | GBP | 200 | &nbsp;&nbsp; 201778 |
| **France**<sup>(a)(n)</sup> **— 0.2%** | **France**<sup>(a)(n)</sup> **— 0.2%** | **France**<sup>(a)(n)</sup> **— 0.2%** |  |
| Electricite de France SA |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.38% | EUR | 400 | &nbsp;&nbsp; 450242 |
| &nbsp;&nbsp;&nbsp; 5.13% |  | 200 | &nbsp;&nbsp; 242311 |
| &nbsp;&nbsp;&nbsp; 5.63% |  | 200 | &nbsp;&nbsp; 246539 |
| &nbsp;&nbsp;&nbsp; 6.00% | GBP | 200 | &nbsp;&nbsp; 269805 |
| &nbsp;&nbsp;&nbsp; 7.38% |  | 100 | &nbsp;&nbsp; 137165 |
| Unibail-Rodamco-Westfield SE, 4.75% | EUR | 100 | &nbsp;&nbsp; 119255 |
| Veolia Environnement SA, 4.32% |  | 100 | &nbsp;&nbsp; 117638 |
|  |  |  | &nbsp;&nbsp; 1582955 |
| **Germany**<sup>(a)</sup> **— 0.1%** | **Germany**<sup>(a)</sup> **— 0.1%** | **Germany**<sup>(a)</sup> **— 0.1%** |  |
| Bayer AG |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/25/82 |  | 100 | &nbsp;&nbsp; 118564 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/25/82 |  | 100 | &nbsp;&nbsp; 120639 |
| &nbsp;&nbsp;&nbsp; Series NC5, 6.63%, 09/25/83 |  | 100 | &nbsp;&nbsp; 125220 |
| &nbsp;&nbsp;&nbsp; Series NC8, 7.00%, 09/25/83 |  | 200 | &nbsp;&nbsp; 257449 |
| Commerzbank AG, 6.50%<sup>(n)</sup> |  | 200 | &nbsp;&nbsp; 251427 |
| Volkswagen International Finance NV, 5.99%<sup>(n)</sup> |  | 100 | &nbsp;&nbsp; 121840 |
|  |  |  | &nbsp;&nbsp; 995139 |
| **Hong Kong — 0.1%** | **Hong Kong — 0.1%** | **Hong Kong — 0.1%** |  |
| MTR Corp. CI Ltd., 5.63%<sup>(a)(n)</sup> | USD | 400 | &nbsp;&nbsp; 417144 |
| **India — 0.1%** | **India — 0.1%** | **India — 0.1%** |  |
| Axis Bank Ltd., 4.10%<sup>(a)(n)</sup> |  | 1000 | &nbsp;&nbsp; 985000 |
| **Indonesia — 0.1%** | **Indonesia — 0.1%** | **Indonesia — 0.1%** |  |
| Bank Negara Indonesia Persero Tbk PT, 4.30%<sup>(a)(n)</sup> |  | 1000 | &nbsp;&nbsp; 970025 |
| **Italy**<sup>(a)(n)</sup> **— 0.1%** | **Italy**<sup>(a)(n)</sup> **— 0.1%** | **Italy**<sup>(a)(n)</sup> **— 0.1%** |  |
| Enel SpA, 4.25% | EUR | 125 | &nbsp;&nbsp; 148919 |
| Eni SpA, 4.50% |  | 100 | &nbsp;&nbsp; 119866 |
| Prysmian SpA, 5.25% |  | 175 | &nbsp;&nbsp; 214322 |
|  |  |  | &nbsp;&nbsp; 483107 |
| **Japan**<sup>(n)</sup> **— 0.2%** | **Japan**<sup>(n)</sup> **— 0.2%** | **Japan**<sup>(n)</sup> **— 0.2%** |  |
| Mitsubishi UFJ Financial Group, Inc., 6.35% | USD | 1000 | &nbsp;&nbsp; 1020851 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Japan (continued)** | **Japan (continued)** | **Japan (continued)** |  |
| Rakuten Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%<sup>(a)</sup> | EUR | 200 | &nbsp;&nbsp; $229776 |
| &nbsp;&nbsp;&nbsp; 8.13%<sup>(c)</sup> | USD | 400 | &nbsp;&nbsp; 415798 |
|  |  |  | &nbsp;&nbsp; 1666425 |
| **Netherlands — 0.0%** | **Netherlands — 0.0%** | **Netherlands — 0.0%** |  |
| Cooperatieve Rabobank UA, 4.38%<sup>(a)(n)</sup> | EUR | 200 | &nbsp;&nbsp; 236267 |
| **Norway — 0.0%** | **Norway — 0.0%** | **Norway — 0.0%** |  |
| Var Energi ASA, 7.86%, 11/15/83<sup>(a)</sup> |  | 250 | &nbsp;&nbsp; 325461 |
| **Portugal — 0.0%** | **Portugal — 0.0%** | **Portugal — 0.0%** |  |
| EDP SA, 4.75%, 05/29/54<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 121485 |
| **Singapore — 0.0%** | **Singapore — 0.0%** | **Singapore — 0.0%** |  |
| Lendlease Asia Treasury Pte. Ltd., 3.90%<sup>(a)(n)</sup> | SGD | 250 | &nbsp;&nbsp; 194290 |
| **South Korea — 0.1%** | **South Korea — 0.1%** | **South Korea — 0.1%** |  |
| Shinhan Financial Group Co. Ltd., 2.88%<sup>(a)(n)</sup> | USD | 414 | &nbsp;&nbsp; 408049 |
| **Spain**<sup>(a)(n)</sup> **— 0.1%** | **Spain**<sup>(a)(n)</sup> **— 0.1%** | **Spain**<sup>(a)(n)</sup> **— 0.1%** |  |
| Banco Bilbao Vizcaya Argentaria SA, 6.00% | EUR | 200 | &nbsp;&nbsp; 236607 |
| CaixaBank SA, 5.88% |  | 200 | &nbsp;&nbsp; 243251 |
| Telefonica Europe BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75% |  | 200 | &nbsp;&nbsp; 248701 |
| &nbsp;&nbsp;&nbsp; 6.75% |  | 100 | &nbsp;&nbsp; 131097 |
|  |  |  | &nbsp;&nbsp; 859656 |
| **Switzerland**<sup>(n)</sup> **— 0.0%** | **Switzerland**<sup>(n)</sup> **— 0.0%** | **Switzerland**<sup>(n)</sup> **— 0.0%** |  |
| UBS Group AG |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%<sup>(a)</sup> | USD | 200 | &nbsp;&nbsp; 199510 |
| &nbsp;&nbsp;&nbsp; 6.85%<sup>(c)</sup> |  | 200 | &nbsp;&nbsp; 206237 |
|  |  |  | &nbsp;&nbsp; 405747 |
| **Thailand — 0.0%** | **Thailand — 0.0%** | **Thailand — 0.0%** |  |
| GC Treasury Center Co. Ltd., 6.50%<sup>(a)(n)</sup> |  | 250 | &nbsp;&nbsp; 254062 |
| **United Kingdom — 0.1%** | **United Kingdom — 0.1%** | **United Kingdom — 0.1%** |  |
| British Telecommunications PLC, 8.38%, 12/20/83<sup>(a)</sup> | GBP | 100 | &nbsp;&nbsp; 144310 |
| Centrica PLC, 6.50%, 05/21/55<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 137684 |
| NatWest Group PLC, 7.50%<sup>(n)</sup> |  | 200 | &nbsp;&nbsp; 273686 |
|  |  |  | &nbsp;&nbsp; 555680 |
| **United States — 0.2%** | **United States — 0.2%** | **United States — 0.2%** |  |
| CVS Health Corp., 7.00%, 03/10/55 | USD | 105 | &nbsp;&nbsp; 110223 |
| DENTSPLY SIRONA, Inc., 8.38%, 09/12/55 |  | 100 | &nbsp;&nbsp; 103064 |
| Edison International, 8.13%, 06/15/53 |  | 121 | &nbsp;&nbsp; 123662 |
| PG&E Corp., 7.38%, 03/15/55 |  | 227 | &nbsp;&nbsp; 233208 |
| Southern Co., 1.88%, 09/15/81 | EUR | 1048 | &nbsp;&nbsp; 1183438 |
| Sunoco LP, 7.88%<sup>(c)(n)</sup> | USD | 135 | &nbsp;&nbsp; 137121 |
| Venture Global LNG, Inc., 9.00%<sup>(c)(n)</sup> |  | 149 | &nbsp;&nbsp; 147671 |
|  |  |  | &nbsp;&nbsp; 2038387 |
|  |  |  | &nbsp;&nbsp; 12809587 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Preferred Stocks — 0.8%** | **Preferred Stocks — 0.8%** | **Preferred Stocks — 0.8%** |
| **United States — 0.8%** | **United States — 0.8%** |  |
| &nbsp;&nbsp;&nbsp; Anthropic PBC, Series F, (Acquired 08/18/25, Cost: <br> $378,216)<sup>(e)(f)(g)</sup><br>| 2683 | &nbsp;&nbsp; 378222 |
| Boeing Co.<sup>(f)(l)</sup> | 1700 | &nbsp;&nbsp; 118269 |
| Cap Hill Brands, Series B-2<sup>(e)(f)</sup> | 265896 | &nbsp;&nbsp; 3 |
| CoreWeave, Inc., Series C, 03/25/49<sup>(e)</sup> | 418000 | &nbsp;&nbsp; 1145320 |
| Davidson Homes, Inc.<sup>(e)(f)</sup> | 1474 | &nbsp;&nbsp; 1599703 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **United States (continued)** | **United States (continued)** |  |
| Dream Finders Homes, Inc., Series A<sup>(e)(n)</sup> | 1320 | &nbsp;&nbsp; $1310100 |
| Insight M, Inc., Series D<sup>(e)(f)</sup> | 270943 | &nbsp;&nbsp; 54541 |
| Lessen Holdings, Inc., Series CX<sup>(c)(e)(f)</sup> | 10022 | &nbsp;&nbsp; 5011 |
| Verger Capital Fund LLC<sup>(e)(f)</sup> | 34837 | &nbsp;&nbsp; 6619 |
| Veritas Kapital Assurance PLC<sup>(e)(f)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series G | 1131 | &nbsp;&nbsp; 25730 |
| &nbsp;&nbsp;&nbsp; Series G-1 | 780 | &nbsp;&nbsp; 17745 |
| &nbsp;&nbsp;&nbsp; Versa Networks, Inc., Series E, (Acquired 10/14/22, <br> Cost: $491,084), 10/07/32<sup>(e)(f)(g)</sup><br>| 168283 | &nbsp;&nbsp; 1001284 |
| X.Ai Holdings Corp., Series C<sup>(e)(f)</sup> | 28169 | &nbsp;&nbsp; 1029859 |
|  |  | &nbsp;&nbsp; 6692406 |
| **Total Preferred Securities — 2.2%** <br>**(Cost: $17,477,352)** | **Total Preferred Securities — 2.2%** <br>**(Cost: $17,477,352)** | &nbsp;&nbsp; 19501993 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **U.S. Government Sponsored Agency Securities** | **U.S. Government Sponsored Agency Securities** | **U.S. Government Sponsored Agency Securities** | **U.S. Government Sponsored Agency Securities** |
| **Agency Obligations — 0.1%** | **Agency Obligations — 0.1%** | **Agency Obligations — 0.1%** |  |
| Tennessee Valley Authority, 5.25%, 02/01/55 | USD | 675 | &nbsp;&nbsp; 672841 |
| **Collateralized Mortgage Obligations**<sup>(b)</sup> **— 1.7%** | **Collateralized Mortgage Obligations**<sup>(b)</sup> **— 1.7%** | **Collateralized Mortgage Obligations**<sup>(b)</sup> **— 1.7%** |  |
| Fannie Mae REMICS |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-30, Class FC, (30-day Avg SOFR + <br> 1.05%), 5.41%, 06/25/54<br>|  | 1055 | &nbsp;&nbsp; 1056633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-38, Class FE, (30-day Avg SOFR + <br> 1.05%), 5.41%, 06/25/54<br>|  | 1081 | &nbsp;&nbsp; 1082140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5469, Class F, (30-day Avg SOFR + <br> 1.10%), 5.46%, 09/25/54<br>|  | 441 | &nbsp;&nbsp; 440272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-75, Class FC, (30-day Avg SOFR + <br> 0.95%), 5.31%, 10/25/54<br>|  | 1190 | &nbsp;&nbsp; 1189484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-31, Class FA, (30-day Avg SOFR + <br> 1.30%), 5.66%, 06/25/54<br>|  | 2279 | &nbsp;&nbsp; 2290191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-32, Class FA, (30-day Avg SOFR + <br> 1.25%), 5.61%, 05/25/55<br>|  | 1592 | &nbsp;&nbsp; 1597550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5458, Class DF, (30-day Avg SOFR + 1.10%), <br> 5.46%, 10/25/54<br>|  | 216 | &nbsp;&nbsp; 215609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5458, Class FB, (30-day Avg SOFR + 1.15%), <br> 5.51%, 10/25/54<br>|  | 1809 | &nbsp;&nbsp; 1810398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5467, Class FC, (30-day Avg SOFR + 1.06%), <br> 5.42%, 10/25/54<br>|  | 1881 | &nbsp;&nbsp; 1878590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5470, Class AF, (30-day Avg SOFR + 1.10%), <br> 5.46%, 11/25/54<br>|  | 628 | &nbsp;&nbsp; 627371 |
| Freddie Mac REMICS |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5386, Class FD, (30-day Avg SOFR + 1.25%), <br> 5.61%, 03/25/54<br>|  | 409 | &nbsp;&nbsp; 411542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 5424, Class FA, (30-day Avg SOFR + 1.20%), <br> 5.56%, 06/25/54<br>|  | 906 | &nbsp;&nbsp; 910447 |
| &nbsp;&nbsp;&nbsp; Freddie Mac Strips, Series 413, Class F26, (30-day Avg <br> SOFR + 1.20%), 5.56%, 05/25/54<br>|  | 873 | &nbsp;&nbsp; 877878 |
| Ginnie Mae |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-51, Class TF, (30-day Avg SOFR + <br> 1.00%), 5.39%, 03/20/54<br>|  | 367 | &nbsp;&nbsp; 366907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-96, Class FL, (30-day Avg SOFR + <br> 1.15%), 5.54%, 06/20/54<br>|  | 569 | &nbsp;&nbsp; 569777 |
|  |  |  | &nbsp;&nbsp; 15324789 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Commercial Mortgage-Backed Securities**<sup>(b)</sup> **— 0.2%** | **Commercial Mortgage-Backed Securities**<sup>(b)</sup> **— 0.2%** | **Commercial Mortgage-Backed Securities**<sup>(b)</sup> **— 0.2%** |  |
| &nbsp;&nbsp;&nbsp; Freddie Mac Multifamily Structured Pass Through <br> Certificates<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series K121, Class X1, 1.11%, 10/25/30 | USD | 3982 | &nbsp;&nbsp; $163118 |
| &nbsp;&nbsp;&nbsp; Series KW09, Class X1, 0.92%, 05/25/29 |  | 13729 | &nbsp;&nbsp; 280648 |
| &nbsp;&nbsp;&nbsp; FREMF Mortgage Trust, Series 2020-K104, Class B, <br> 3.65%, 02/25/52<sup>(c)</sup><br>|  | 750 | &nbsp;&nbsp; 718360 |
|  |  |  | &nbsp;&nbsp; 1162126 |
| **Mortgage-Backed Securities — 14.4%** | **Mortgage-Backed Securities — 14.4%** | **Mortgage-Backed Securities — 14.4%** |  |
| Fannie Mae Mortgage-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 11/01/38 |  | 4 | &nbsp;&nbsp; 4022 |
| &nbsp;&nbsp;&nbsp; 6.00%, 07/01/39 |  | 18 | &nbsp;&nbsp; 18887 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/01/41 |  | 1 | &nbsp;&nbsp; 887 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/44 |  | 30 | &nbsp;&nbsp; 27286 |
| Freddie Mac Mortgage-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 01/01/29 - 04/01/31 |  | 38 | &nbsp;&nbsp; 35824 |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/01/31 - 01/01/48 |  | 112 | &nbsp;&nbsp; 107932 |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/01/32 - 12/01/46 |  | 115 | &nbsp;&nbsp; 107390 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/38 - 11/01/48 |  | 41 | &nbsp;&nbsp; 41196 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/01/39 |  | 12 | &nbsp;&nbsp; 12398 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/40 - 12/01/45 |  | 11 | &nbsp;&nbsp; 9739 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/01/40 - 08/01/48 |  | 109 | &nbsp;&nbsp; 108525 |
| Ginnie Mae Mortgage-Backed Securities<sup>(q)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/20/40 - 10/20/55 |  | 1478 | &nbsp;&nbsp; 1398992 |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/15/42 - 10/20/55 |  | 2228 | &nbsp;&nbsp; 2041543 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/20/44 - 11/15/54 |  | 3282 | &nbsp;&nbsp; 3263262 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/15/45 - 10/20/55 |  | 2707 | &nbsp;&nbsp; 2417444 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/15/47 - 10/20/55 |  | 1675 | &nbsp;&nbsp; 1627389 |
| &nbsp;&nbsp;&nbsp; 2.00%, 08/20/50 - 10/20/55 |  | 3745 | &nbsp;&nbsp; 3096128 |
| &nbsp;&nbsp;&nbsp; 2.50%, 04/20/51 - 10/20/55 |  | 3753 | &nbsp;&nbsp; 3231557 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/54 |  | 2612 | &nbsp;&nbsp; 2631439 |
| &nbsp;&nbsp;&nbsp; 6.00%, 10/15/54 |  | 1671 | &nbsp;&nbsp; 1699430 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/15/54 - 11/15/54 |  | 1508 | &nbsp;&nbsp; 1548689 |
| Uniform Mortgage-Backed Securities<sup>(q)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/01/27 - 10/14/55 |  | 12802 | &nbsp;&nbsp; 10989384 |
| &nbsp;&nbsp;&nbsp; 3.00%, 07/01/29 - 10/14/55 |  | 6934 | &nbsp;&nbsp; 6188279 |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/01/29 - 10/14/55 |  | 42936 | &nbsp;&nbsp; 39260710 |
| &nbsp;&nbsp;&nbsp; 2.00%, 10/01/31 - 10/14/55 |  | 18794 | &nbsp;&nbsp; 15566532 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/33 - 10/14/55 |  | 4244 | &nbsp;&nbsp; 4043035 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/35 - 10/14/55 |  | 3750 | &nbsp;&nbsp; 3739800 |
| &nbsp;&nbsp;&nbsp; 5.50%, 12/01/38 - 10/15/54 |  | 5480 | &nbsp;&nbsp; 5543028 |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/15/39 - 10/14/55 |  | 7500 | &nbsp;&nbsp; 7313636 |
| &nbsp;&nbsp;&nbsp; 1.50%, 10/16/40 - 11/01/51 |  | 4391 | &nbsp;&nbsp; 3649087 |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/01/52 - 08/01/55 |  | 5483 | &nbsp;&nbsp; 5617761 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/01/54 - 10/15/54 |  | 2982 | &nbsp;&nbsp; 3083481 |
|  |  |  | &nbsp;&nbsp; 128424692 |
| **Total U.S. Government Sponsored Agency Securities — 16.4%** <br>**(Cost: $148,398,517)** | **Total U.S. Government Sponsored Agency Securities — 16.4%** <br>**(Cost: $148,398,517)** | **Total U.S. Government Sponsored Agency Securities — 16.4%** <br>**(Cost: $148,398,517)** | &nbsp;&nbsp; 145584448 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **U.S. Treasury Obligations** | **U.S. Treasury Obligations** | **U.S. Treasury Obligations** | **U.S. Treasury Obligations** |
| U.S. Treasury Inflation-Indexed Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 1.88%, 07/15/35 | USD | 1992 | &nbsp;&nbsp; $2008047 |
| &nbsp;&nbsp;&nbsp; 2.38%, 02/15/55<sup>(r)</sup> |  | 1962 | &nbsp;&nbsp; 1915690 |
| **Total U.S. Treasury Obligations — 0.4%** <br>**(Cost: $3,935,922)** | **Total U.S. Treasury Obligations — 0.4%** <br>**(Cost: $3,935,922)** | **Total U.S. Treasury Obligations — 0.4%** <br>**(Cost: $3,935,922)** | &nbsp;&nbsp; 3923737 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Warrants** | **Warrants** | **Warrants** |
| **United States**<sup>(f)</sup> **— 0.0%** | **United States**<sup>(f)</sup> **— 0.0%** |  |
| Cirkul, Inc., (Expires 04/25/35, Strike Price USD 0.01)<sup>(e)</sup> | 995 | &nbsp;&nbsp; 4378 |
| &nbsp;&nbsp;&nbsp; Cirkul, Inc., (Expires 04/25/35, Strike Price USD <br> 35.41)<sup>(e)</sup><br>| 1021 | &nbsp;&nbsp; 521 |
| &nbsp;&nbsp;&nbsp; Davidson Homes, Inc., Class A, (Issued 05/16/24, <br> Expires 05/16/34, Strike Price USD 8.47)<sup>(e)</sup><br>| 10230 | &nbsp;&nbsp; 62608 |
| &nbsp;&nbsp;&nbsp; Insight M, Inc., (Issued 01/31/24, Expires 12/31/49, <br> Strike Price USD 0.34)<sup>(e)</sup><br>| 280744 | &nbsp;&nbsp; 19736 |
| &nbsp;&nbsp;&nbsp; Latch, Inc., (Issued/Exercisable 12/29/20, 1 Share for <br> 1 Warrant, Expires 06/04/26, Strike Price USD <br> 11.50)<sup>(e)</sup><br>| 12334 | &nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp; New York Community Bancorp, Inc., Pipe, PIPE, <br> (Acquired 03/07/24, Cost: $0), (Issued/Exercisable <br> 03/11/24, 1,000 Shares for 1 Warrant, Expires <br> 03/11/31, Strike Price USD 2.50)<sup>(e)(g)</sup><br>| 74 | &nbsp;&nbsp; 154307 |
| &nbsp;&nbsp;&nbsp; Offerpad Solutions, Inc., (Issued/Exercisable 10/13/20, <br> 1 Share for 1 Warrant, Expires 09/01/26, Strike Price <br> USD 11.50)<br>| 8529 | &nbsp;&nbsp; 427 |
| &nbsp;&nbsp;&nbsp; Palladyne AI Corp., (Issued/Exercisable 12/21/20, <br> 1 Share for 1 Warrant, Expires 09/24/26, Strike Price <br> USD 11.50)<br>| 28519 | &nbsp;&nbsp; 5718 |
| &nbsp;&nbsp;&nbsp; Sonder Holdings, Inc., (Expires 04/11/30, Strike Price <br> USD 1.00)<sup>(e)</sup><br>| 22714 | &nbsp;&nbsp; 12493 |
| &nbsp;&nbsp;&nbsp; Sonder Holdings, Inc., (Expires 12/30/29, Strike Price <br> USD 0.01)<sup>(e)</sup><br>| 2277 | &nbsp;&nbsp; 2937 |
| &nbsp;&nbsp;&nbsp; Versa Networks, Inc., Series E, (Acquired 10/14/22, <br> Cost: $0), (Exercisable 10/14/22, 1 Share for <br> 1 Warrant, Expires 10/07/32, Strike Price USD <br> 0.01)<sup>(e)(g)</sup><br>| 20741 | &nbsp;&nbsp; 99142 |
| &nbsp;&nbsp;&nbsp; Volato Group, Inc., (Acquired 12/03/23, Cost: $6,834), <br> (Issued 12/04/23, Expires 12/03/28, Strike Price USD <br> 11.50)<sup>(g)</sup><br>| 6834 | &nbsp;&nbsp; 68 |
|  |  | &nbsp;&nbsp; 362336 |
| **Venezuela — 0.0%** | **Venezuela — 0.0%** |  |
| Venezuela Government International Bonds<sup>(b)(f)(n)</sup> | 3000 | &nbsp;&nbsp; 12000 |
| **Total Warrants — 0.0%** <br>**(Cost: $84,981)** | **Total Warrants — 0.0%** <br>**(Cost: $84,981)** | &nbsp;&nbsp; 374336 |
| **Total Long-Term Investments — 106.1%** <br>**(Cost: $933,764,696)** | **Total Long-Term Investments — 106.1%** <br>**(Cost: $933,764,696)** | &nbsp;&nbsp; 943904090 |

---

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

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par* <br>*(000)*<br>| *Value* |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Foreign Agency Obligations — 0.5%** | **Foreign Agency Obligations — 0.5%** | **Foreign Agency Obligations — 0.5%** |  |
| **Bahrain — 0.0%** | **Bahrain — 0.0%** | **Bahrain — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Bahrain Government International Bonds, 7.00%, <br> 01/26/26<sup>(a)</sup><br>| USD | 200 | &nbsp;&nbsp; $200822 |
| **Brazil**<sup>(s)</sup> **— 0.1%** | **Brazil**<sup>(s)</sup> **— 0.1%** | **Brazil**<sup>(s)</sup> **— 0.1%** |  |
| Brazil Letras do Tesouro Nacional |  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 01/01/26 | BRL | 2328 | &nbsp;&nbsp; 422332 |
| &nbsp;&nbsp;&nbsp; 14.31%, 01/01/26 |  | 366 | &nbsp;&nbsp; 66398 |
| &nbsp;&nbsp;&nbsp; 14.51%, 01/01/26 |  | 617 | &nbsp;&nbsp; 111933 |
| &nbsp;&nbsp;&nbsp; 14.56%, 01/01/26 |  | 367 | &nbsp;&nbsp; 66579 |
| &nbsp;&nbsp;&nbsp; 14.57%, 01/01/26 |  | 614 | &nbsp;&nbsp; 111388 |
| &nbsp;&nbsp;&nbsp; 14.68%, 01/01/26 |  | 1333 | &nbsp;&nbsp; 241825 |
| &nbsp;&nbsp;&nbsp; 14.70%, 01/01/26 |  | 618 | &nbsp;&nbsp; 112114 |
| &nbsp;&nbsp;&nbsp; 14.74%, 01/01/26 |  | 172 | &nbsp;&nbsp; 31203 |
|  |  |  | &nbsp;&nbsp; 1163772 |
| **Egypt**<sup>(s)</sup> **— 0.2%** | **Egypt**<sup>(s)</sup> **— 0.2%** | **Egypt**<sup>(s)</sup> **— 0.2%** |  |
| Egypt Treasury Bills |  |  |  |
| &nbsp;&nbsp;&nbsp; 27.40%, 10/28/25 | EGP | 250 | &nbsp;&nbsp; 5098 |
| &nbsp;&nbsp;&nbsp; 28.00%, 10/28/25 |  | 4050 | &nbsp;&nbsp; 82584 |
| &nbsp;&nbsp;&nbsp; 26.79%, 11/11/25 |  | 375 | &nbsp;&nbsp; 7606 |
| &nbsp;&nbsp;&nbsp; 26.89%, 11/11/25 |  | 350 | &nbsp;&nbsp; 7099 |
| &nbsp;&nbsp;&nbsp; 26.25%, 11/18/25 |  | 4350 | &nbsp;&nbsp; 87395 |
| &nbsp;&nbsp;&nbsp; 26.26%, 11/18/25 |  | 4025 | &nbsp;&nbsp; 80866 |
| &nbsp;&nbsp;&nbsp; 26.45%, 11/18/25 |  | 3800 | &nbsp;&nbsp; 76345 |
| &nbsp;&nbsp;&nbsp; 26.90%, 11/18/25 |  | 1050 | &nbsp;&nbsp; 21095 |
| &nbsp;&nbsp;&nbsp; 28.50%, 11/18/25 |  | 1025 | &nbsp;&nbsp; 20593 |
| &nbsp;&nbsp;&nbsp; 28.80%, 11/18/25 |  | 575 | &nbsp;&nbsp; 11552 |
| &nbsp;&nbsp;&nbsp; 26.85%, 11/25/25 |  | 3525 | &nbsp;&nbsp; 70824 |
| &nbsp;&nbsp;&nbsp; 27.00%, 11/25/25 |  | 600 | &nbsp;&nbsp; 12055 |
| &nbsp;&nbsp;&nbsp; 27.60%, 11/25/25 |  | 325 | &nbsp;&nbsp; 6530 |
| &nbsp;&nbsp;&nbsp; 27.90%, 11/25/25 |  | 600 | &nbsp;&nbsp; 12055 |
| &nbsp;&nbsp;&nbsp; 28.50%, 11/25/25 |  | 600 | &nbsp;&nbsp; 12055 |
| &nbsp;&nbsp;&nbsp; 28.51%, 11/25/25 |  | 175 | &nbsp;&nbsp; 3516 |
| &nbsp;&nbsp;&nbsp; 28.75%, 11/25/25 |  | 150 | &nbsp;&nbsp; 3014 |
| &nbsp;&nbsp;&nbsp; 26.74%, 12/02/25 |  | 450 | &nbsp;&nbsp; 8951 |
| &nbsp;&nbsp;&nbsp; 26.75%, 12/09/25 |  | 3900 | &nbsp;&nbsp; 77194 |
| &nbsp;&nbsp;&nbsp; 27.50%, 12/09/25 |  | 325 | &nbsp;&nbsp; 6433 |
| &nbsp;&nbsp;&nbsp; 27.60%, 12/09/25 |  | 550 | &nbsp;&nbsp; 10886 |
| &nbsp;&nbsp;&nbsp; 28.36%, 12/09/25 |  | 325 | &nbsp;&nbsp; 6433 |
| &nbsp;&nbsp;&nbsp; 28.50%, 12/09/25 |  | 575 | &nbsp;&nbsp; 11381 |
| &nbsp;&nbsp;&nbsp; 25.98%, 12/16/25 |  | 24275 | &nbsp;&nbsp; 480123 |
| &nbsp;&nbsp;&nbsp; 26.45%, 12/16/25 |  | 8550 | &nbsp;&nbsp; 169106 |
| &nbsp;&nbsp;&nbsp; 27.25%, 12/16/25 |  | 1750 | &nbsp;&nbsp; 34612 |
| &nbsp;&nbsp;&nbsp; 27.45%, 12/16/25 |  | 1950 | &nbsp;&nbsp; 38568 |
| &nbsp;&nbsp;&nbsp; 28.50%, 12/16/25 |  | 3400 | &nbsp;&nbsp; 67247 |
| &nbsp;&nbsp;&nbsp; 27.60%, 12/30/25 |  | 200 | &nbsp;&nbsp; 3901 |
| &nbsp;&nbsp;&nbsp; 27.75%, 12/30/25 |  | 1500 | &nbsp;&nbsp; 29257 |
| &nbsp;&nbsp;&nbsp; 27.83%, 12/30/25 |  | 100 | &nbsp;&nbsp; 1950 |
| &nbsp;&nbsp;&nbsp; 25.79%, 06/02/26 |  | 1025 | &nbsp;&nbsp; 18210 |
|  |  |  | &nbsp;&nbsp; 1484534 |
| **Namibia — 0.0%** | **Namibia — 0.0%** | **Namibia — 0.0%** |  |
| Namibia International Bonds, 5.25%, 10/29/25<sup>(a)</sup> | USD | 200 | &nbsp;&nbsp; 199500 |
| **Nigeria — 0.2%** | **Nigeria — 0.2%** | **Nigeria — 0.2%** |  |
| &nbsp;&nbsp;&nbsp; Nigeria Government International Bonds, 7.63%, <br> 11/21/25<sup>(a)</sup><br>|  | 200 | &nbsp;&nbsp; 200106 |
| Nigeria Treasury Bills |  |  |  |
| &nbsp;&nbsp;&nbsp; 17.83%, 12/04/25<sup>(s)</sup> | NGN | 41503 | &nbsp;&nbsp; 27084 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Nigeria (continued)** | **Nigeria (continued)** |  |
| Nigeria Treasury Bills (continued) |  |  |
| &nbsp;&nbsp;&nbsp; 17.59%, 12/11/25<sup>(s)</sup><br> NGN | 33592 | &nbsp;&nbsp; $21851 |
| &nbsp;&nbsp;&nbsp; 17.72%, 12/11/25<sup>(s)</sup> | 105257 | &nbsp;&nbsp; 68468 |
| &nbsp;&nbsp;&nbsp; 17.87%, 12/11/25<sup>(s)</sup> | 28553 | &nbsp;&nbsp; 18573 |
| &nbsp;&nbsp;&nbsp; 18.12%, 12/11/25<sup>(s)</sup> | 177036 | &nbsp;&nbsp; 115159 |
| &nbsp;&nbsp;&nbsp; 19.86%, 12/11/25<sup>(s)</sup> | 49650 | &nbsp;&nbsp; 32296 |
| &nbsp;&nbsp;&nbsp; 19.92%, 12/11/25<sup>(s)</sup> | 77199 | &nbsp;&nbsp; 50217 |
| &nbsp;&nbsp;&nbsp; 21.15%, 12/11/25<sup>(s)</sup> | 100034 | &nbsp;&nbsp; 65070 |
| &nbsp;&nbsp;&nbsp; 22.10%, 12/11/25<sup>(s)</sup> | 382079 | &nbsp;&nbsp; 248536 |
| &nbsp;&nbsp;&nbsp; 22.15%, 12/11/25<sup>(s)</sup> | 175655 | &nbsp;&nbsp; 114260 |
| &nbsp;&nbsp;&nbsp; 28.70%, 12/11/25 | 1318094 | &nbsp;&nbsp; 857397 |
|  |  | &nbsp;&nbsp; 1819017 |
|  |  | &nbsp;&nbsp; 4867645 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Money Market Funds — 0.5%** | **Money Market Funds — 0.5%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional <br> Shares, 4.01%<sup>(h)(t)</sup><br>| 4060769 | &nbsp;&nbsp; 4060769 |
| **Total Short-Term Securities — 1.0%** <br>**(Cost: $8,715,336)** | **Total Short-Term Securities — 1.0%** <br>**(Cost: $8,715,336)** | &nbsp;&nbsp; 8928414 |
| **Options Purchased — 0.0%** <br>**(Cost: $1,639,987)** | **Options Purchased — 0.0%** <br>**(Cost: $1,639,987)** | &nbsp;&nbsp; 607732 |
| **Total Investments Before TBA Sale Commitments and** <br>**Options Written — 107.1%** <br>**(Cost: $944,120,019)** | **Total Investments Before TBA Sale Commitments and** <br>**Options Written — 107.1%** <br>**(Cost: $944,120,019)** | &nbsp;&nbsp; 953440236 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **TBA Sale Commitments**<sup>(q)</sup> | **TBA Sale Commitments**<sup>(q)</sup> | **TBA Sale Commitments**<sup>(q)</sup> | **TBA Sale Commitments**<sup>(q)</sup> |
| **United States — (0.3)%** | **United States — (0.3)%** | **United States — (0.3)%** |  |
| Ginnie Mae Mortgage-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 10/20/55 | USD | (83)<br>| &nbsp;&nbsp; (68590)<br>|
| &nbsp;&nbsp;&nbsp; 2.50%, 10/20/55 |  | (67)<br>| &nbsp;&nbsp; (57672)<br>|
| &nbsp;&nbsp;&nbsp; 3.00%, 10/20/55 |  | (68)<br>| &nbsp;&nbsp; (60695)<br>|
| &nbsp;&nbsp;&nbsp; 3.50%, 10/20/55 |  | (124)<br>| &nbsp;&nbsp; (113041)<br>|
| &nbsp;&nbsp;&nbsp; 6.50%, 10/15/54 |  | (754)<br>| &nbsp;&nbsp; (774374)<br>|
| &nbsp;&nbsp;&nbsp; TBA, 5.00%, 10/15/54 |  | (1100)<br>| &nbsp;&nbsp; (1094081)<br>|
| Uniform Mortgage-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 10/16/40 - 10/14/55 |  | (393)<br>| &nbsp;&nbsp; (327634)<br>|
| &nbsp;&nbsp;&nbsp; 2.50%, 10/16/40 - 10/14/55 |  | (197)<br>| &nbsp;&nbsp; (166137)<br>|
| &nbsp;&nbsp;&nbsp; 3.00%, 10/16/40 - 10/14/55 |  | (137)<br>| &nbsp;&nbsp; (122224)<br>|
| &nbsp;&nbsp;&nbsp; 3.50%, 10/16/40 - 10/14/55 |  | (85)<br>| &nbsp;&nbsp; (77870)<br>|
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/39 |  | (3)<br>| &nbsp;&nbsp; (2950)<br>|

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |  |
| Uniform Mortgage-Backed Securities (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/14/55 | USD | (31)<br>| &nbsp;&nbsp; $(30066)<br>|
| &nbsp;&nbsp;&nbsp; 5.00%, 10/14/55 |  | (20)<br>| &nbsp;&nbsp; (19833)<br>|
| **Total TBA Sale Commitments — (0.3)%** <br>**(Proceeds: $(2915560))** | **Total TBA Sale Commitments — (0.3)%** <br>**(Proceeds: $(2915560))** | **Total TBA Sale Commitments — (0.3)%** <br>**(Proceeds: $(2915560))** | &nbsp;&nbsp; (2915167)<br>|
| **Options Written — (0.1)%** <br>**(Premiums Received: $(1719781))** | **Options Written — (0.1)%** <br>**(Premiums Received: $(1719781))** | **Options Written — (0.1)%** <br>**(Premiums Received: $(1719781))** | &nbsp;&nbsp; (1111890)<br>|
| **Total Investments, Net of TBA Sale Commitments and** <br>**Options Written — 106.7%** <br>**(Cost: $939,484,678)** | **Total Investments, Net of TBA Sale Commitments and** <br>**Options Written — 106.7%** <br>**(Cost: $939,484,678)** | **Total Investments, Net of TBA Sale Commitments and** <br>**Options Written — 106.7%** <br>**(Cost: $939,484,678)** | &nbsp;&nbsp; 949413179 |
| **Liabilities in Excess of Other Assets — (6.7)%** | **Liabilities in Excess of Other Assets — (6.7)%** | **Liabilities in Excess of Other Assets — (6.7)%** | &nbsp;&nbsp; (59412765)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $890000414 |

---

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

<sup>(a)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

<sup>(b)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

<sup>(c)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(d)</sup> When-issued security.

<sup>(e)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

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

<sup>(f)</sup> Non-income producing security.

<sup>(g)</sup> Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $3,327,112, representing 0.4% of its net assets as of period end, and an original cost of $2,418,880. 

<sup>(h)</sup> Affiliate of the Fund.

<sup>(i)</sup> All or a portion of the security is held by a wholly-owned subsidiary.

<sup>(j)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(k)</sup> Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. 

<sup>(l)</sup> Convertible security.

<sup>(m)</sup> Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step- down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. 

<sup>(n)</sup> Perpetual security with no stated maturity date.

<sup>(o)</sup> Zero-coupon bond.

<sup>(p)</sup> Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate. 

<sup>(q)</sup> Represents or includes a TBA transaction.

<sup>(r)</sup> All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives. 

<sup>(s)</sup> Rates are discount rates or a range of discount rates as of period end.

<sup>(t)</sup> Annualized 7-day yield as of period end.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended September 30, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*12/31/24*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*09/30/25*<br>| *Shares* <br>*Held at* <br>*09/30/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds, T-Fund, Institutional Shares | &nbsp;&nbsp; $27049345 | $— | $(22988576 )<sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $4060769 | 4060769 | $519825 | $— |
| iShares 0-5 Year TIPS Bond ETF<sup>(b)</sup> | &nbsp;&nbsp; 709230 |  | (721849)<br>| &nbsp;&nbsp; 26402 | (13783)<br>|  |  | 9982 |  |
| iShares Biotechnology ETF<sup>(b)</sup> | &nbsp;&nbsp; 462735 |  | (464729)<br>| &nbsp;&nbsp; (36066)<br>| 38060 |  |  | 424 |  |
| iShares Bitcoin Trust ETF | &nbsp;&nbsp; 1576646 | 1508288 | (619034)<br>| &nbsp;&nbsp; (11913)<br>| 231943 | 2685930 | 41322 |  |  |
| iShares Broad USD High Yield Corporate Bond ETF<sup>(b)</sup> | &nbsp;&nbsp; 3412787 | 2044900 | (5444951)<br>| &nbsp;&nbsp; (38460)<br>| 25724 |  |  | 50949 |  |
| iShares China Large-Cap ETF | &nbsp;&nbsp; — | 1280269 | (968033)<br>| &nbsp;&nbsp; 34590 | 29111 | 375937 | 9138 |  |  |
| iShares Ethereum Trust ETF | &nbsp;&nbsp; — | 522116 |  | &nbsp;&nbsp; — | (5352)<br>| 516764 | 16400 |  |  |
| iShares iBoxx $ High Yield Corporate Bond ETF | &nbsp;&nbsp; 1218131 | 15059015 | (5399986)<br>| &nbsp;&nbsp; 11768 | 185063 | 11073991 | 136396 | 169576 |  |
| iShares JP Morgan USD Emerging Markets Bond ETF | &nbsp;&nbsp; 1586159 |  |  | &nbsp;&nbsp; — | 109556 | 1695715 | 17814 | 57485 |  |
| iShares Latin America 40 ETF<sup>(b)</sup> | &nbsp;&nbsp; 122721 |  | (141866)<br>| &nbsp;&nbsp; (11458)<br>| 30603 |  |  |  |  |
| iShares MSCI Brazil ETF | &nbsp;&nbsp; 109984 |  |  | &nbsp;&nbsp; — | 41482 | 151466 | 4886 | 2517 |  |
| iShares MSCI Emerging Markets ETF<sup>(b)</sup> | &nbsp;&nbsp; 549849 |  | (588779)<br>| &nbsp;&nbsp; 24225 | 14705 |  |  |  |  |
| iShares Russell 2000 ETF<sup>(b)</sup> | &nbsp;&nbsp; 105177 |  | (115623)<br>| &nbsp;&nbsp; 43712 | (33266)<br>|  |  | 815 |  |
| iShares Russell Mid-Cap Growth ETF<sup>(b)</sup> | &nbsp;&nbsp; 130933 |  | (124277)<br>| &nbsp;&nbsp; 25799 | (32455)<br>|  |  | 102 |  |
|  |  |  |  | &nbsp;&nbsp; $68599 | $621391 | $20560572 |  | $811675 | $— |

---

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

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> As of period end, the entity is no longer held.

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Derivative Financial Instruments Outstanding as of Period End**

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)*<br>| &nbsp;&nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Euro BTP | &nbsp;&nbsp; 203 | &nbsp;&nbsp;&nbsp;&nbsp; 12/08/25 | &nbsp;&nbsp;&nbsp;&nbsp; $28562 | &nbsp;&nbsp;&nbsp;&nbsp; $290570 |
| &nbsp;&nbsp;&nbsp; Euro OAT | &nbsp;&nbsp; 240 | &nbsp;&nbsp;&nbsp;&nbsp; 12/08/25 | &nbsp;&nbsp;&nbsp;&nbsp; 34193 | &nbsp;&nbsp;&nbsp;&nbsp; 291167 |
| &nbsp;&nbsp;&nbsp; Short Term Euro BTP | &nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 12/08/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1267 | &nbsp;&nbsp;&nbsp;&nbsp; 695 |
| &nbsp;&nbsp;&nbsp; 10-Year Australian Treasury Bonds | &nbsp;&nbsp; 197 | &nbsp;&nbsp;&nbsp;&nbsp; 12/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 14776 | &nbsp;&nbsp;&nbsp;&nbsp; (27025)<br>|
| &nbsp;&nbsp;&nbsp; 10-Year Japanese Government Treasury Bonds | &nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; 12/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 33974 | &nbsp;&nbsp;&nbsp;&nbsp; (197066)<br>|
| &nbsp;&nbsp;&nbsp; 10-Year Canadian Bond | &nbsp;&nbsp; 358 | &nbsp;&nbsp;&nbsp;&nbsp; 12/18/25 | &nbsp;&nbsp;&nbsp;&nbsp; 31502 | &nbsp;&nbsp;&nbsp;&nbsp; 651243 |
| &nbsp;&nbsp;&nbsp; 10-Year U.S. Ultra Long Treasury Note | &nbsp;&nbsp; 254 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 29230 | &nbsp;&nbsp;&nbsp;&nbsp; (143065)<br>|
| &nbsp;&nbsp;&nbsp; Euro Stoxx 50 Index | &nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 651 | &nbsp;&nbsp;&nbsp;&nbsp; 11273 |
| &nbsp;&nbsp;&nbsp; Euro Stoxx Banks Index | &nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 314 | &nbsp;&nbsp;&nbsp;&nbsp; (2989)<br>|
| &nbsp;&nbsp;&nbsp; NASDAQ 100 E-Mini Index | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 9961 | &nbsp;&nbsp;&nbsp;&nbsp; 218650 |
| &nbsp;&nbsp;&nbsp; U.S. Long Bond | &nbsp;&nbsp; 57 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 6648 | &nbsp;&nbsp;&nbsp;&nbsp; 168674 |
| &nbsp;&nbsp;&nbsp; Ultra U.S. Treasury Bond | &nbsp;&nbsp; 228 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 27403 | &nbsp;&nbsp;&nbsp;&nbsp; 711215 |
| &nbsp;&nbsp;&nbsp; Long Gilt | &nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 12/29/25 | &nbsp;&nbsp;&nbsp;&nbsp; 12217 | &nbsp;&nbsp;&nbsp;&nbsp; 33417 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2006759 |
| Short Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 30-Year Euro Buxl Bond | &nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 12/08/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1210 | &nbsp;&nbsp;&nbsp;&nbsp; (26661)<br>|
| &nbsp;&nbsp;&nbsp; Euro BOBL | &nbsp;&nbsp; 205 | &nbsp;&nbsp;&nbsp;&nbsp; 12/08/25 | &nbsp;&nbsp;&nbsp;&nbsp; 28355 | &nbsp;&nbsp;&nbsp;&nbsp; (17045)<br>|
| &nbsp;&nbsp;&nbsp; Euro Bund | &nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 12/08/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1208 | &nbsp;&nbsp;&nbsp;&nbsp; (736)<br>|
| &nbsp;&nbsp;&nbsp; Euro-Schatz | &nbsp;&nbsp; 79 | &nbsp;&nbsp;&nbsp;&nbsp; 12/08/25 | &nbsp;&nbsp;&nbsp;&nbsp; 9922 | &nbsp;&nbsp;&nbsp;&nbsp; 490 |
| &nbsp;&nbsp;&nbsp; Nikkei 225 Index | &nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp; 607 | &nbsp;&nbsp;&nbsp;&nbsp; (22012)<br>|
| &nbsp;&nbsp;&nbsp; 3-Year Australian Treasury Bonds | &nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 12/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 424 | &nbsp;&nbsp;&nbsp;&nbsp; 1574 |
| &nbsp;&nbsp;&nbsp; 10-Year U.S. Treasury Note | &nbsp;&nbsp; 1070 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 120375 | &nbsp;&nbsp;&nbsp;&nbsp; (556635)<br>|
| &nbsp;&nbsp;&nbsp; E-mini Russell 2000 Index | &nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2333 | &nbsp;&nbsp;&nbsp;&nbsp; (31405)<br>|
| &nbsp;&nbsp;&nbsp; S&P 500 E-Mini Index | &nbsp;&nbsp; 56 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 18869 | &nbsp;&nbsp;&nbsp;&nbsp; (231370)<br>|
| &nbsp;&nbsp;&nbsp; 2-Year U.S. Treasury Note | &nbsp;&nbsp; 953 | &nbsp;&nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp;&nbsp; 198574 | &nbsp;&nbsp;&nbsp;&nbsp; (13658)<br>|
| &nbsp;&nbsp;&nbsp; 5-Year U.S. Treasury Note | &nbsp;&nbsp; 1111 | &nbsp;&nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp;&nbsp; 121290 | &nbsp;&nbsp;&nbsp;&nbsp; 120934 |
| &nbsp;&nbsp;&nbsp; 3-Month SOFR | &nbsp;&nbsp; 182 | &nbsp;&nbsp;&nbsp;&nbsp; 03/17/26 | &nbsp;&nbsp;&nbsp;&nbsp; 43821 | &nbsp;&nbsp;&nbsp;&nbsp; (105081)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (881605)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $1125154 |

---

**Forward Foreign Currency Exchange Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| BRL | 1623154 | USD | 297232 | Bank of America N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $7743 |
| BRL | 110000 | USD | 20179 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 489 |
| BRL | 334972 | USD | 61485 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1453 |
| BRL | 961510 | USD | 177000 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3659 |
| BRL | 1318428 | USD | 242000 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5720 |
| BRL | 2393204 | USD | 436000 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13660 |
| BRL | 3346272 | USD | 616000 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12733 |
| BRL | 5781015 | USD | 1053200 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32998 |
| BRL | 20916486 | USD | 3839261 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90747 |
| BRL | 1413113 | USD | 265000 | Goldman Sachs International | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 510 |
| BRL | 4319325 | USD | 810000 | Goldman Sachs International | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1560 |
| EGP | 8716440 | USD | 181966 | Citibank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196 |
| EGP | 8716440 | USD | 181328 | Citibank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 834 |
| EGP | 11999996 | USD | 250514 | Citibank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270 |
| EGP | 11999996 | USD | 249636 | Citibank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1148 |
| USD | 305184 | BRL | 1623154 | Bank of America N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209 |
| USD | 20682 | BRL | 110000 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| USD | 62981 | BRL | 334972 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43 |
| USD | 180783 | BRL | 961510 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124 |
| USD | 247890 | BRL | 1318428 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170 |
| USD | 449969 | BRL | 2393204 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Forward Foreign Currency Exchange Contracts (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| USD | 629164 | BRL | 3346272 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $431 |
| USD | 1086943 | BRL | 5781015 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 745 |
| USD | 3932705 | BRL | 20916486 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2697 |
| USD | 265693 | BRL | 1413113 | Goldman Sachs International | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182 |
| USD | 415000 | BRL | 2207895 | Goldman Sachs International | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158 |
| USD | 812117 | BRL | 4319325 | Goldman Sachs International | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 557 |
| USD | 72896 | BRL | 387663 | JPMorgan Chase Bank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58 |
| USD | 5089661 | BRL | 27069871 | JPMorgan Chase Bank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3490 |
| USD | 5193693 | BRL | 27620059 | JPMorgan Chase Bank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4147 |
| AUD | 2130000 | USD | 1405144 | Societe Generale | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4299 |
| AUD | 6417071 | USD | 4242965 | State Street Bank and Trust Co. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3275 |
| CAD | 1150000 | USD | 825536 | Standard Chartered Bank | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 871 |
| CHF | 270000 | USD | 338485 | State Street Bank and Trust Co. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 731 |
| CZK | 14200000 | USD | 677561 | HSBC Bank PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7300 |
| EUR | 150000 | JPY | 25720558 | Bank of America N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2177 |
| EUR | 81709261 | USD | 95491342 | State Street Bank and Trust Co. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445363 |
| GBP | 1496784 | USD | 2012423 | Morgan Stanley & Co. International PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 613 |
| GBP | 70000 | USD | 93816 | State Street Bank and Trust Co. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 327 |
| HUF | 27310000 | USD | 82173 | Toronto-Dominion Bank | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| JPY | 26068822 | EUR | 150000 | Bank of America N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178 |
| JPY | 1831513000 | USD | 12378333 | Bank of America N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7691 |
| MXN | 215070000 | USD | 11476479 | BNP Paribas SA | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266080 |
| NOK | 1910000 | USD | 191331 | Goldman Sachs International | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62 |
| PLN | 984000 | USD | 268861 | Morgan Stanley & Co. International PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1862 |
| SEK | 4156000 | USD | 439689 | Morgan Stanley & Co. International PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1792 |
| THB | 98740000 | USD | 3044299 | JPMorgan Chase Bank N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3007 |
| TRY | 80000000 | USD | 1919918 | JPMorgan Chase Bank N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2771 |
| USD | 975866 | CAD | 1350000 | Deutsche Bank AG | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5736 |
| USD | 328774 | CHF | 260000 | Societe Generale | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2122 |
| USD | 685213 | CZK | 14200000 | Deutsche Bank AG | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 352 |
| USD | 76771998 | EUR | 65339261 | Deutsche Bank AG | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55683 |
| USD | 47128 | EUR | 40000 | Morgan Stanley & Co. International PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163 |
| USD | 270437 | EUR | 230000 | Standard Chartered Bank | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 389 |
| USD | 12953044 | EUR | 10960000 | State Street Bank and Trust Co. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84659 |
| USD | 11497082 | GBP | 8530000 | Citibank N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25020 |
| USD | 13712281 | GBP | 10186784 | Societe Generale | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11998 |
| USD | 9198877 | JPY | 1349773000 | Bank of America N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70730 |
| USD | 3014028 | JPY | 444300000 | Barclays Bank PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9348 |
| USD | 103225 | JPY | 15180000 | HSBC Bank PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 567 |
| USD | 48903 | JPY | 7210000 | Natwest Markets PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144 |
| USD | 46659 | JPY | 6890000 | State Street Bank and Trust Co. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64 |
| USD | 55859 | JPY | 8160000 | UBS AG | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 675 |
| USD | 441776 | SEK | 4156000 | State Street Bank and Trust Co. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294 |
| USD | 163784 | SGD | 210000 | HSBC Bank PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 973 |
| USD | 3052821 | THB | 98740000 | BNP Paribas SA | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5515 |
| ZAR | 3150000 | USD | 182374 | State Street Bank and Trust Co. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| USD | 31283168 | CNH | 222449600 | Natwest Markets PLC | 10/09/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75968 |
| USD | 165360 | TWD | 5028000 | Bank of America N.A. | 10/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221 |
| USD | 134557 | TWD | 4092000 | Goldman Sachs International | 10/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159 |
| USD | 134351 | TWD | 4080000 | Morgan Stanley & Co. International PLC | 10/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348 |
| USD | 65974 | EUR | 56098 | Deutsche Bank AG | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56 |
| USD | 102428 | EUR | 87095 | Deutsche Bank AG | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87 |
| USD | 104261 | EUR | 88652 | Deutsche Bank AG | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90 |
| USD | 117467 | EUR | 99881 | Deutsche Bank AG | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101 |
| USD | 118256 | EUR | 100554 | Deutsche Bank AG | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 |
| USD | 142205 | EUR | 120918 | Deutsche Bank AG | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120 |
| USD | 302073 | EUR | 256876 | Deutsche Bank AG | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230 |
| USD | 18336 | EUR | 15557 | Natwest Markets PLC | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56 |
| USD | 19559 | EUR | 16594 | Natwest Markets PLC | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60 |
| USD | 125962 | EUR | 107142 | UBS AG | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65 |
| USD | 358883 | PHP | 20584804 | Citibank N.A. | 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6184 |
| CZK | 1045438 | USD | 49762 | UBS AG | 10/21/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 681 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Forward Foreign Currency Exchange Contracts (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| USD | 1630973 | COP | 6374494081 | Societe Generale | 10/23/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $9328 |
| USD | 344051 | IDR | 5629014728 | Goldman Sachs International | 10/23/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6753 |
| TRY | 1733700 | USD | 40098 | BNP Paribas SA | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 861 |
| TRY | 1150018 | USD | 26600 | Goldman Sachs International | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 570 |
| TRY | 2295712 | USD | 53100 | Goldman Sachs International | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1137 |
| TRY | 580335 | USD | 13300 | HSBC Bank PLC | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 411 |
| TRY | 867100 | USD | 19872 | HSBC Bank PLC | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 613 |
| TRY | 972173 | USD | 22571 | Morgan Stanley & Co. International PLC | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397 |
| TRY | 1282220 | USD | 29769 | Morgan Stanley & Co. International PLC | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 524 |
| TRY | 13395306 | USD | 306220 | Societe Generale | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10248 |
| TRY | 13401252 | USD | 306356 | Societe Generale | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10253 |
| TRY | 19111535 | USD | 436895 | Societe Generale | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14621 |
| TRY | 21275947 | USD | 486374 | Societe Generale | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16277 |
| TRY | 27605964 | USD | 631080 | Societe Generale | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21120 |
| EUR | 151000 | USD | 176669 | Goldman Sachs International | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 915 |
| EUR | 524000 | USD | 613076 | Goldman Sachs International | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3175 |
| JPY | 26283262 | CAD | 247000 | Standard Chartered Bank | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 524 |
| MXN | 128697504 | USD | 6988359 | JPMorgan Chase Bank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18323 |
| MXN | 22639827 | USD | 1230099 | Societe Generale | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2482 |
| PEN | 1769988 | USD | 506000 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3420 |
| PEN | 4253568 | USD | 1216000 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8220 |
| USD | 179000 | CAD | 247250 | Deutsche Bank AG | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1092 |
| USD | 617000 | CAD | 852803 | State Street Bank and Trust Co. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3369 |
| USD | 334833 | CHF | 263920 | State Street Bank and Trust Co. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2172 |
| USD | 211840 | COP | 821250720 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3094 |
| USD | 177741 | EUR | 151000 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157 |
| USD | 616796 | EUR | 524000 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 545 |
| USD | 94186 | EUR | 79532 | Morgan Stanley & Co. International PLC | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653 |
| USD | 110583 | EUR | 93384 | Morgan Stanley & Co. International PLC | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759 |
| USD | 163416 | EUR | 138000 | Morgan Stanley & Co. International PLC | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1121 |
| USD | 90000 | THB | 2856109 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1664 |
| USD | 176000 | TWD | 5314672 | Barclays Bank PLC | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1246 |
| NGN | 28724677 | USD | 18331 | Citibank N.A. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 940 |
| NGN | 152644739 | USD | 97182 | Morgan Stanley & Co. International PLC | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5224 |
| NGN | 473924045 | USD | 301726 | Morgan Stanley & Co. International PLC | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16220 |
| USD | 5050585 | BRL | 27069871 | JPMorgan Chase Bank N.A. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5189 |
| CAD | 2563000 | USD | 1844215 | UBS AG | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 503 |
| MXN | 215070000 | USD | 11691369 | Bank of America N.A. | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10191 |
| NZD | 140000 | USD | 81249 | Royal Bank of Canada | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| PEN | 1116353 | USD | 312371 | Citibank N.A. | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8878 |
| PEN | 449762 | USD | 128515 | JPMorgan Chase Bank N.A. | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 912 |
| PLN | 984000 | USD | 270463 | HSBC Bank PLC | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139 |
| THB | 102682957 | USD | 3170000 | HSBC Bank PLC | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7391 |
| TRY | 47470000 | USD | 1109740 | UBS AG | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 656 |
| USD | 31270706 | CNH | 222449600 | Goldman Sachs International | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4412 |
| USD | 127719 | HKD | 993000 | Morgan Stanley & Co. International PLC | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| USD | 163250 | SGD | 210000 | State Street Bank and Trust Co. | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| EGP | 715360 | USD | 13600 | Bank of America N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 999 |
| EGP | 1387200 | USD | 27200 | Citibank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1111 |
| EGP | 1535263 | USD | 30510 | Citibank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 823 |
| EGP | 2760800 | USD | 54400 | Citibank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1944 |
| EGP | 2924113 | USD | 54291 | Citibank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5386 |
| EGP | 2964800 | USD | 54400 | Citibank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6107 |
| EGP | 8777160 | USD | 162000 | Citibank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17130 |
| EGP | 16161894 | USD | 298300 | Citibank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31542 |
| USD | 28002 | COP | 110275967 | Goldman Sachs International | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52 |
| USD | 272968 | EUR | 229497 | Deutsche Bank AG | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2750 |
| USD | 332792 | EUR | 280435 | Deutsche Bank AG | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2599 |
| USD | 174943 | INR | 15496573 | HSBC Bank USA N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1006 |
| USD | 194411 | PLN | 706780 | Goldman Sachs International | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92 |
| USD | 2426937 | PLN | 8780759 | Natwest Markets PLC | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12788 |
| USD | 390620 | PLN | 1409724 | UBS AG | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3036 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Forward Foreign Currency Exchange Contracts (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| USD | 5970 | TWD | 179700 | Citibank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $50 |
| ZAR | 31799918 | USD | 1826989 | Goldman Sachs International | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8035 |
| ZAR | 6795957 | USD | 391116 | State Street Bank and Trust Co. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1047 |
| PEN | 1035524 | USD | 295746 | JPMorgan Chase Bank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2084 |
| USD | 1146785 | CNH | 8100748 | Standard Chartered Bank | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6610 |
| USD | 5810353 | COP | 22650789197 | Citibank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73338 |
| USD | 5024276 | CZK | 103084322 | Natwest Markets PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46981 |
| USD | 716451 | EUR | 602975 | State Street Bank and Trust Co. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6292 |
| USD | 1142121 | HUF | 377890524 | Natwest Markets PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8362 |
| USD | 1885292 | IDR | 31077155774 | Bank of America N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25166 |
| USD | 4842526 | IDR | 79824206518 | Bank of America N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64642 |
| USD | 249906 | MYR | 1042683 | Morgan Stanley & Co. International PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1845 |
| USD | 359300 | MYR | 1499107 | Morgan Stanley & Co. International PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2652 |
| USD | 3009965 | PHP | 171366365 | Citibank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77095 |
| USD | 449139 | PLN | 1632975 | Goldman Sachs International | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211 |
| USD | 10026436 | PLN | 36051655 | Morgan Stanley & Co. International PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115316 |
| USD | 905942 | PLN | 3269469 | UBS AG | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7117 |
| USD | 2598267 | THB | 82128610 | Morgan Stanley & Co. International PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52965 |
| USD | 2706301 | THB | 85543477 | Morgan Stanley & Co. International PLC | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55167 |
| ZAR | 73070449 | USD | 4196343 | Goldman Sachs International | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18689 |
| ZAR | 15784127 | USD | 907291 | UBS AG | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3208 |
| NGN | 29091297 | USD | 18331 | Citibank N.A. | 12/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1058 |
| NGN | 155065195 | USD | 97183 | Citibank N.A. | 12/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6167 |
| NGN | 481434006 | USD | 301726 | Citibank N.A. | 12/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19146 |
| USD | 137491 | ARS | 206236500 | Citibank N.A. | 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9240 |
| USD | 124833 | ARS | 187249500 | Goldman Sachs International | 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8389 |
| TRY | 267000 | USD | 5998 | Barclays Bank PLC | 12/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44 |
| BRL | 596753 | USD | 108470 | Citibank N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1667 |
| BRL | 24000000 | USD | 4362907 | HSBC Bank USA N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66536 |
| CHF | 473530 | USD | 600000 | UBS AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152 |
| CNH | 10720 | AUD | 2278 | HSBC Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |
| CNH | 25856 | JPY | 534673 | HSBC Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| CZK | 10988188 | USD | 530000 | Citibank N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 911 |
| DKK | 2533294 | USD | 400000 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 488 |
| DKK | 7306228 | USD | 1153618 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1423 |
| EUR | 1843672 | AUD | 3266463 | UBS AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10690 |
| EUR | 5839 | USD | 6876 | UBS AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 |
| EUR | 3605000 | USD | 4245129 | UBS AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5883 |
| JPY | 485449323 | AUD | 4988467 | HSBC Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000 |
| MXN | 168691717 | USD | 9035305 | Barclays Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101741 |
| PLN | 6442855 | USD | 1770000 | Standard Chartered Bank | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 389 |
| TRY | 985919 | USD | 22000 | Barclays Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 291 |
| USD | 2167653 | AUD | 3261246 | HSBC Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7742 |
| USD | 2790000 | AUD | 4197575 | HSBC Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9962 |
| USD | 67987 | CNH | 481300 | Deutsche Bank AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144 |
| USD | 1663921 | CNH | 11779696 | Deutsche Bank AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3490 |
| USD | 657002 | CNH | 4650000 | Goldman Sachs International | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1552 |
| USD | 903 | GBP | 667 | Barclays Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 |
| USD | 2225361 | GBP | 1642976 | HSBC Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15499 |
| USD | 4328806 | GBP | 3195991 | HSBC Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30084 |
| USD | 57939 | HKD | 450000 | Commonwealth Bank of Australia | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| USD | 434976 | IDR | 7164489696 | Goldman Sachs International | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6483 |
| USD | 983719 | IDR | 16196930000 | Goldman Sachs International | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15014 |
| USD | 1578511 | IDR | 25999654681 | Goldman Sachs International | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23526 |
| USD | 873558 | IDR | 14406279710 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11948 |
| USD | 467490 | INR | 41400000 | Barclays Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3576 |
| USD | 1728405 | INR | 153064100 | Barclays Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13221 |
| USD | 377465 | INR | 33500000 | Nomura International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2075 |
| USD | 4282558 | INR | 379940000 | Societe Generale | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25079 |
| USD | 4298880 | INR | 381388036 | Societe Generale | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25175 |
| USD | 380970 | JPY | 55635968 | BNP Paribas SA | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1867 |
| USD | 4340000 | JPY | 635434720 | The Bank of New York Mellon | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10159 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Forward Foreign Currency Exchange Contracts (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| USD | 1961336 | JPY | 287162341 | UBS AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $4617 |
| USD | 18982409 | JPY | 2779206843 | UBS AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44942 |
| USD | 3955057 | NOK | 39109662 | HSBC Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35226 |
| USD | 367615 | PHP | 21100000 | Citibank N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6699 |
| USD | 832734 | PHP | 47545768 | Citibank N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19462 |
| USD | 178820 | SEK | 1662911 | HSBC Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1345 |
| ZAR | 133953089 | USD | 7650316 | Goldman Sachs International | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64091 |
| ZAR | 290995 | USD | 16628 | Toronto-Dominion Bank | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 131 |
| USD | 87000 | ARS | 143898000 | Citibank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1429 |
| USD | 125456 | ARS | 195711360 | Citibank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9074 |
| USD | 153787 | ARS | 239907720 | Citibank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11123 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2808436 |
| BRL | 947469 | USD | 178142 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (122)<br>|
| BRL | 1428453 | USD | 268577 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (184)<br>|
| BRL | 3249229 | USD | 610918 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (419)<br>|
| BRL | 27069871 | USD | 5089661 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3490)<br>|
| BRL | 2207895 | USD | 415127 | Goldman Sachs International | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (285)<br>|
| BRL | 1433130 | USD | 269456 | HSBC Bank USA N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (185)<br>|
| BRL | 4358213 | USD | 819429 | HSBC Bank USA N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (562)<br>|
| BRL | 57309 | USD | 10775 | JPMorgan Chase Bank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7)<br>|
| BRL | 387663 | USD | 72888 | JPMorgan Chase Bank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (50)<br>|
| BRL | 27069871 | USD | 5090235 | JPMorgan Chase Bank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4065)<br>|
| BRL | 27620059 | USD | 5193107 | JPMorgan Chase Bank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3561)<br>|
| USD | 177000 | BRL | 947469 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1020)<br>|
| USD | 260000 | BRL | 1428453 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8393)<br>|
| USD | 607000 | BRL | 3249229 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3499)<br>|
| USD | 4968727 | BRL | 27069871 | Barclays Bank PLC | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (117444)<br>|
| USD | 268000 | BRL | 1433130 | HSBC Bank USA N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1271)<br>|
| USD | 815000 | BRL | 4358213 | HSBC Bank USA N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3867)<br>|
| USD | 10660 | BRL | 57309 | JPMorgan Chase Bank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (107)<br>|
| USD | 169911 | EGP | 8716440 | Citibank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12251)<br>|
| USD | 181966 | EGP | 8716440 | Citibank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (196)<br>|
| USD | 233918 | EGP | 11999996 | Citibank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16866)<br>|
| USD | 250514 | EGP | 11999996 | Citibank N.A. | 10/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (270)<br>|
| CAD | 1373000 | USD | 999988 | Commonwealth Bank of Australia | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13329)<br>|
| CAD | 1390000 | USD | 1004775 | Wells Fargo Bank N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5901)<br>|
| CHF | 260000 | USD | 328789 | HSBC Bank PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2137)<br>|
| EUR | 3390000 | USD | 4013350 | Natwest Markets PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (33074)<br>|
| GBP | 8560000 | USD | 11690148 | Commonwealth Bank of Australia | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (177739)<br>|
| GBP | 8530000 | USD | 11498773 | State Street Bank and Trust Co. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26711)<br>|
| GBP | 60000 | USD | 81108 | The Bank of New York Mellon | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (414)<br>|
| HKD | 993000 | USD | 127617 | Morgan Stanley & Co. International PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14)<br>|
| NOK | 3480000 | USD | 351663 | HSBC Bank PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2948)<br>|
| NZD | 140000 | USD | 82481 | Barclays Bank PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1313)<br>|
| SGD | 210000 | USD | 162824 | State Street Bank and Trust Co. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13)<br>|
| THB | 102620508 | USD | 3170000 | Westpac Banking Corp. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2934)<br>|
| USD | 45940 | AUD | 70000 | Bank of America N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (380)<br>|
| USD | 71826 | AUD | 110000 | Bank of America N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (962)<br>|
| USD | 144942 | AUD | 220000 | Bank of America N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (634)<br>|
| USD | 5321053 | AUD | 8147071 | Bank of America N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (69946)<br>|
| USD | 1841318 | CAD | 2563000 | UBS AG | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (492)<br>|
| USD | 337667 | CHF | 270000 | UBS AG | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1549)<br>|
| USD | 3756056 | EUR | 3210000 | Deutsche Bank AG | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12878)<br>|
| USD | 5222947 | EUR | 4480000 | Deutsche Bank AG | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37123)<br>|
| USD | 198447 | EUR | 170000 | Standard Chartered Bank | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1154)<br>|
| USD | 781822 | EUR | 670000 | Standard Chartered Bank | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4840)<br>|
| USD | 127519 | HKD | 993000 | JPMorgan Chase Bank N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (84)<br>|
| USD | 80148 | HUF | 27310000 | HSBC Bank PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2061)<br>|
| USD | 11733097 | MXN | 215070000 | Bank of America N.A. | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9461)<br>|
| USD | 535945 | NOK | 5390000 | Natwest Markets PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4164)<br>|
| USD | 81144 | NZD | 140000 | Royal Bank of Canada | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24)<br>|

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Forward Foreign Currency Exchange Contracts (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| USD | 270587 | PLN | 984000 | HSBC Bank PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(136)<br>|
| USD | 3170000 | THB | 102852235 | HSBC Bank PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4217)<br>|
| USD | 768820 | TRY | 32530000 | BNP Paribas SA | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12993)<br>|
| USD | 1139771 | TRY | 47470000 | UBS AG | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1105)<br>|
| USD | 177081 | ZAR | 3150000 | Morgan Stanley & Co. International PLC | 10/03/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5303)<br>|
| CNH | 222449600 | USD | 31209169 | Goldman Sachs International | 10/09/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1969)<br>|
| COP | 69371485 | USD | 17694 | State Street Bank and Trust Co. | 10/14/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27)<br>|
| USD | 17608 | COP | 69371485 | State Street Bank and Trust Co. | 10/14/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (59)<br>|
| TWD | 13200000 | USD | 437709 | Deutsche Bank AG | 10/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4170)<br>|
| USD | 124671 | EUR | 106796 | UBS AG | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (820)<br>|
| USD | 128561 | EUR | 110128 | UBS AG | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (846)<br>|
| USD | 2149261 | CZK | 45598674 | JPMorgan Chase Bank N.A. | 10/21/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (50876)<br>|
| USD | 129400 | TRY | 5992630 | Barclays Bank PLC | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12178)<br>|
| USD | 146093 | TRY | 6291000 | Barclays Bank PLC | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2534)<br>|
| USD | 167000 | TRY | 7843573 | Barclays Bank PLC | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (18307)<br>|
| USD | 171000 | TRY | 7362405 | Barclays Bank PLC | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2939)<br>|
| USD | 227000 | TRY | 10661623 | Barclays Bank PLC | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24884)<br>|
| USD | 693700 | TRY | 29867253 | Barclays Bank PLC | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11924)<br>|
| USD | 46461 | TRY | 2008625 | BNP Paribas SA | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (994)<br>|
| USD | 27921 | TRY | 1203945 | Goldman Sachs International | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (523)<br>|
| USD | 13700 | TRY | 610090 | HSBC Bank PLC | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (714)<br>|
| USD | 27206 | TRY | 1171695 | Nomura International PLC | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (476)<br>|
| USD | 296966 | TRY | 12990496 | Societe Generale | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9938)<br>|
| USD | 55000 | TRY | 2459710 | UBS AG | 10/24/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3111)<br>|
| CLP | 168504000 | USD | 177000 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1712)<br>|
| CLP | 385560000 | USD | 405000 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3917)<br>|
| CLP | 84211336 | USD | 88000 | HSBC Bank USA N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (398)<br>|
| CNH | 7959872 | USD | 1122070 | Deutsche Bank AG | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3751)<br>|
| CNH | 47149320 | USD | 6645775 | Deutsche Bank AG | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21552)<br>|
| COP | 1389486500 | GBP | 265390 | Morgan Stanley & Co. International PLC | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3798)<br>|
| COP | 11405992961 | USD | 2942153 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (42976)<br>|
| CZK | 17699108 | USD | 863850 | State Street Bank and Trust Co. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9685)<br>|
| CZK | 99995751 | USD | 4875790 | State Street Bank and Trust Co. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (49960)<br>|
| EUR | 152000 | MXN | 3312192 | Standard Chartered Bank | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1566)<br>|
| EUR | 283771 | USD | 335902 | JPMorgan Chase Bank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2173)<br>|
| EUR | 617332 | USD | 731057 | JPMorgan Chase Bank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5043)<br>|
| GBP | 268290 | USD | 362894 | Australia & New Zealand Bank Group | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2015)<br>|
| HUF | 113688319 | USD | 344000 | State Street Bank and Trust Co. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2339)<br>|
| HUF | 975096338 | USD | 2947846 | State Street Bank and Trust Co. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17448)<br>|
| IDR | 11570620940 | USD | 696040 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2870)<br>|
| IDR | 130557261960 | USD | 7853777 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (32389)<br>|
| INR | 73945905 | USD | 835580 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4572)<br>|
| INR | 765264174 | USD | 8647395 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (47310)<br>|
| JPY | 30132314 | USD | 205000 | Bank of America N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (644)<br>|
| JPY | 168065532 | USD | 1142955 | Canadian Imperial Bank of Commerce | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3141)<br>|
| KRW | 251588190 | USD | 181000 | HSBC Bank USA N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1627)<br>|
| KRW | 853453860 | USD | 614000 | HSBC Bank USA N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5518)<br>|
| MYR | 3282777 | USD | 783610 | Barclays Bank PLC | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3339)<br>|
| MYR | 34787675 | USD | 8303935 | Barclays Bank PLC | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (35385)<br>|
| PLN | 643940 | USD | 178620 | State Street Bank and Trust Co. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1520)<br>|
| PLN | 14893489 | USD | 4127587 | State Street Bank and Trust Co. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (31503)<br>|
| RON | 5268041 | USD | 1223220 | Citibank N.A. | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8448)<br>|
| THB | 22310850 | USD | 701330 | Barclays Bank PLC | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11278)<br>|
| THB | 244014644 | USD | 7670522 | Morgan Stanley & Co. International PLC | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (123401)<br>|
| USD | 177000 | CLP | 170344800 | Goldman Sachs International | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (203)<br>|
| USD | 177000 | JPY | 26175237 | Barclays Bank PLC | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (520)<br>|
| USD | 614000 | JPY | 90799977 | Barclays Bank PLC | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1802)<br>|
| USD | 253000 | PEN | 888865 | Goldman Sachs International | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2824)<br>|
| USD | 728585 | PEN | 2559738 | Goldman Sachs International | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8133)<br>|
| USD | 253000 | PEN | 888030 | Societe Generale | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2584)<br>|
| USD | 608000 | PEN | 2134080 | Societe Generale | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6210)<br>|
| ZAR | 83741264 | USD | 4841084 | BNP Paribas SA | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1488)<br>|

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Forward Foreign Currency Exchange Contracts (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| ZAR | 10043860 | USD | 581380 | Toronto-Dominion Bank | 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(923)<br>|
| BRL | 2225234 | USD | 415000 | Goldman Sachs International | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (252)<br>|
| BRL | 387663 | USD | 72329 | JPMorgan Chase Bank N.A. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (74)<br>|
| BRL | 27836896 | USD | 5193693 | JPMorgan Chase Bank N.A. | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5336)<br>|
| BRL | 1413588 | USD | 264000 | Morgan Stanley & Co. International PLC | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (530)<br>|
| BRL | 4310373 | USD | 805000 | Morgan Stanley & Co. International PLC | 11/04/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1615)<br>|
| CZK | 14200000 | USD | 685727 | Deutsche Bank AG | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (341)<br>|
| EUR | 150000 | JPY | 26030628 | Bank of America N.A. | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (179)<br>|
| EUR | 65339261 | USD | 76924435 | Deutsche Bank AG | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (55095)<br>|
| SEK | 4156000 | USD | 442719 | State Street Bank and Trust Co. | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (291)<br>|
| USD | 4244964 | AUD | 6417071 | State Street Bank and Trust Co. | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3262)<br>|
| USD | 211690 | EUR | 180000 | State Street Bank and Trust Co. | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (74)<br>|
| USD | 2012767 | GBP | 1496784 | Morgan Stanley & Co. International PLC | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (609)<br>|
| USD | 82009 | HUF | 27310000 | Toronto-Dominion Bank | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (33)<br>|
| USD | 12421208 | JPY | 1831513000 | Bank of America N.A. | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7759)<br>|
| USD | 191371 | NOK | 1910000 | Goldman Sachs International | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (61)<br>|
| USD | 127720 | PEN | 446100 | Citibank N.A. | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (653)<br>|
| USD | 601368 | PEN | 2144492 | Citibank N.A. | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15745)<br>|
| USD | 3049077 | THB | 98740000 | JPMorgan Chase Bank N.A. | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6304)<br>|
| USD | 181964 | ZAR | 3150000 | State Street Bank and Trust Co. | 11/05/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| USD | 185457 | EUR | 158616 | Canadian Imperial Bank of Commerce | 11/13/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1231)<br>|
| USD | 318379 | EUR | 272301 | Canadian Imperial Bank of Commerce | 11/13/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2113)<br>|
| CLP | 6659300 | USD | 6976 | Barclays Bank PLC | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (49)<br>|
| USD | 183290 | EUR | 156317 | Citibank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (763)<br>|
| USD | 358396 | MXN | 6638386 | Natwest Markets PLC | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2198)<br>|
| USD | 393587 | MXN | 7267164 | State Street Bank and Trust Co. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1162)<br>|
| USD | 23784 | PEN | 83100 | Citibank N.A. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (120)<br>|
| USD | 4173481 | ZAR | 72622299 | State Street Bank and Trust Co. | 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17213)<br>|
| USD | 12263630 | MXN | 225907102 | Deutsche Bank AG | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (866)<br>|
| USD | 907379 | MXN | 16733602 | Standard Chartered Bank | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1088)<br>|
| USD | 294040 | PEN | 1027435 | Citibank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1463)<br>|
| USD | 1318302 | PEN | 4594941 | JPMorgan Chase Bank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3261)<br>|
| USD | 26971 | TRY | 1180058 | Citibank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (199)<br>|
| USD | 274119 | UYU | 11024773 | Citibank N.A. | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (813)<br>|
| USD | 15951064 | ZAR | 278582145 | Deutsche Bank AG | 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (118807)<br>|
| ARS | 45222240 | USD | 30048 | Citibank N.A. | 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1926)<br>|
| ARS | 79006400 | USD | 53600 | Citibank N.A. | 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4469)<br>|
| ARS | 325678500 | USD | 220500 | Goldman Sachs International | 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17972)<br>|
| ARS | 326560500 | USD | 220500 | Goldman Sachs International | 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17424)<br>|
| AUD | 25302810 | USD | 16815686 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (57730)<br>|
| AUD | 39793 | USD | 26441 | Societe Generale | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (86)<br>|
| CAD | 23741782 | USD | 17220000 | Commonwealth Bank of Australia | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (99088)<br>|
| CAD | 1931383 | USD | 1400718 | Natwest Markets PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7940)<br>|
| CAD | 6154424 | USD | 4463470 | Natwest Markets PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (25330)<br>|
| CNH | 35979605 | USD | 5082313 | Bank of America N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10736)<br>|
| CNH | 128435000 | USD | 18201749 | BNP Paribas SA | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (97939)<br>|
| CNH | 140110429 | USD | 19790000 | BNP Paribas SA | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (40457)<br>|
| CNH | 4650000 | USD | 657254 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1804)<br>|
| CNY | 113990000 | USD | 16150545 | State Street Bank and Trust Co. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (51296)<br>|
| GBP | 5497495 | EUR | 6322998 | Deutsche Bank AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (61745)<br>|
| IDR | 1718064000 | USD | 102875 | BNP Paribas SA | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (121)<br>|
| IDR | 26928247495 | USD | 1635484 | Goldman Sachs International | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24962)<br>|
| INR | 105533174 | USD | 1183259 | JPMorgan Chase Bank N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (690)<br>|
| INR | 56827516 | USD | 640541 | Societe Generale | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3751)<br>|
| INR | 463550000 | USD | 5224983 | Societe Generale | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (30598)<br>|
| JPY | 3649611075 | EUR | 21166501 | Deutsche Bank AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (91128)<br>|
| JPY | 61000000 | USD | 417980 | Bank of America N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2327)<br>|
| JPY | 7741384652 | USD | 52875952 | HSBC Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (126294)<br>|
| JPY | 13408438 | USD | 91495 | State Street Bank and Trust Co. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (130)<br>|
| KRW | 833244000 | USD | 600000 | Deutsche Bank AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4502)<br>|
| KRW | 2045905000 | USD | 1473210 | Deutsche Bank AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11054)<br>|
| NOK | 13303329 | CAD | 1854366 | Natwest Markets PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3891)<br>|

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Forward Foreign Currency Exchange Contracts (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| NOK | 18794861 | USD | 1900000 | Natwest Markets PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(16254)<br>|
| NZD | 283189 | USD | 168859 | Royal Bank of Canada | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4201)<br>|
| SEK | 33914837 | USD | 3646000 | Toronto-Dominion Bank | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26418)<br>|
| SGD | 2294876 | USD | 1800000 | Natwest Markets PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10849)<br>|
| USD | 2390921 | BRL | 13153764 | Citibank N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (36739)<br>|
| USD | 4447438 | BRL | 24465000 | HSBC Bank USA N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (67825)<br>|
| USD | 8018 | CHF | 6328 | HSBC Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<br>|
| USD | 1961224 | CZK | 40654956 | Toronto-Dominion Bank | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3081)<br>|
| USD | 204706 | EUR | 173698 | Deutsche Bank AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (118)<br>|
| USD | 216726 | EUR | 184056 | Deutsche Bank AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (312)<br>|
| USD | 523962 | EUR | 444616 | Deutsche Bank AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (329)<br>|
| USD | 4650000 | EUR | 3948671 | Deutsche Bank AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6268)<br>|
| USD | 43275745 | EUR | 36750000 | Deutsche Bank AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (59811)<br>|
| USD | 57950354 | EUR | 49207625 | Deutsche Bank AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (75219)<br>|
| USD | 802449 | HUF | 269785000 | Goldman Sachs International | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5982)<br>|
| USD | 10998 | HUF | 3691000 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (62)<br>|
| USD | 206779 | IDR | 3481041214 | BNP Paribas SA | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1415)<br>|
| USD | 434976 | MXN | 8120254 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4851)<br>|
| USD | 3350565 | MXN | 62549413 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37372)<br>|
| USD | 21596941 | MXN | 403171824 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (240525)<br>|
| USD | 18291 | MXN | 341400 | Standard Chartered Bank | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (200)<br>|
| USD | 393674 | PLN | 1432744 | Toronto-Dominion Bank | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (20)<br>|
| USD | 1567 | TRY | 70221 | Barclays Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21)<br>|
| USD | 434976 | ZAR | 7614286 | Canadian Imperial Bank of Commerce | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3533)<br>|
| USD | 2049530 | ZAR | 35877168 | Canadian Imperial Bank of Commerce | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16649)<br>|
| USD | 10330946 | ZAR | 180715468 | Royal Bank of Canada | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (76524)<br>|
| USD | 52214 | TRY | 2333501 | Barclays Bank PLC | 12/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (151)<br>|
| USD | 510116 | TRY | 22797849 | Barclays Bank PLC | 12/26/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1476)<br>|
| USD | 173669 | EGP | 8716440 | Citibank N.A. | 01/05/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (618)<br>|
| USD | 239091 | EGP | 11999996 | Citibank N.A. | 01/05/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (850)<br>|
| ARS | 43177500 | USD | 28500 | Citibank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2824)<br>|
| ARS | 49418370 | USD | 31986 | Citibank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2599)<br>|
| ARS | 76617046 | USD | 51979 | Citibank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6418)<br>|
| ARS | 87210000 | USD | 57000 | Citibank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5139)<br>|
| ARS | 388366572 | USD | 263478 | Citibank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (32531)<br>|
| ARS | 4855629 | USD | 3261 | JPMorgan Chase Bank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (374)<br>|
| ARS | 24616148 | USD | 16532 | JPMorgan Chase Bank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1894)<br>|
| ARS | 47290640 | USD | 31760 | JPMorgan Chase Bank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3638)<br>|
| ARS | 239714110 | USD | 160990 | JPMorgan Chase Bank N.A. | 01/26/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (18441)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3083888)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(275452)<br>|

---

**Exchange-Traded Options Purchased** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| *Exercise Price* | *Exercise Price* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* |
| Call  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; SPDR S&P 500 ETF Trust | &nbsp;&nbsp; 204 | &nbsp;&nbsp;&nbsp;&nbsp; 10/03/25 | USD | 672.00 | USD | 13590 | &nbsp;&nbsp;&nbsp;&nbsp; $8670 |
| &nbsp;&nbsp;&nbsp; SPDR S&P 500 ETF Trust | &nbsp;&nbsp; 80 | &nbsp;&nbsp;&nbsp;&nbsp; 10/10/25 | USD | 667.00 | USD | 5329 | &nbsp;&nbsp;&nbsp;&nbsp; 35800 |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 225.00 | USD | 682 | &nbsp;&nbsp;&nbsp;&nbsp; 56770 |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 240.00 | USD | 195 | &nbsp;&nbsp;&nbsp;&nbsp; 6980 |
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | &nbsp;&nbsp; 31 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 48.00 | USD | 122 | &nbsp;&nbsp;&nbsp;&nbsp; 171 |
| &nbsp;&nbsp;&nbsp; iShares China Large-Cap ETF | &nbsp;&nbsp; 516 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 42.00 | USD | 2123 | &nbsp;&nbsp;&nbsp;&nbsp; 26058 |
| &nbsp;&nbsp;&nbsp; SPDR S&P Regional Banking ETF | &nbsp;&nbsp; 182 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 67.00 | USD | 1152 | &nbsp;&nbsp;&nbsp;&nbsp; 6734 |
| &nbsp;&nbsp;&nbsp; 2-Year U.S. Treasury Note Future | &nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 10/24/25 | USD | 104.25 | USD | 3334 | &nbsp;&nbsp;&nbsp;&nbsp; 3500 |
| &nbsp;&nbsp;&nbsp; Nikkei 225 Index | &nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 11/14/25 | JPY | 46000.00 | JPY | 89865 | &nbsp;&nbsp;&nbsp;&nbsp; 11022 |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 250.00 | USD | 195 | &nbsp;&nbsp;&nbsp;&nbsp; 8660 |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 250.00 | USD | 356 | &nbsp;&nbsp;&nbsp;&nbsp; 18165 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. | &nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 105.00 | USD | 416 | &nbsp;&nbsp;&nbsp;&nbsp; 13222 |
| &nbsp;&nbsp;&nbsp; DR Horton, Inc. | &nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 175.00 | USD | 169 | &nbsp;&nbsp;&nbsp;&nbsp; 7450 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Exchange-Traded Options Purchased (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Number of*<br> *Contracts*<br>| &nbsp;&nbsp; *Expiration*<br> *Date*<br>| *Exercise Price* | *Exercise Price* | &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)* | *Value* |
| Call (continued) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; DR Horton, Inc. | &nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 185.00 | USD | 169 | &nbsp;&nbsp;&nbsp;&nbsp; $4100 |
| &nbsp;&nbsp;&nbsp; Euro Stoxx Banks | &nbsp;&nbsp; 60 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | EUR | 240.00 | EUR | 700 | &nbsp;&nbsp;&nbsp;&nbsp; 17435 |
| &nbsp;&nbsp;&nbsp; Intuit, Inc. | &nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 700.00 | USD | 341 | &nbsp;&nbsp;&nbsp;&nbsp; 12475 |
| &nbsp;&nbsp;&nbsp; MongoDB, Inc., Class A | &nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 360.00 | USD | 279 | &nbsp;&nbsp;&nbsp;&nbsp; 5130 |
| &nbsp;&nbsp;&nbsp; Walt Disney Co. | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 120.00 | USD | 229 | &nbsp;&nbsp;&nbsp;&nbsp; 6500 |
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 248842 |
| Put  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; SPDR S&P 500 ETF Trust | &nbsp;&nbsp; 120 | &nbsp;&nbsp;&nbsp;&nbsp; 10/10/25 | USD | 655.00 | USD | 7994 | &nbsp;&nbsp;&nbsp;&nbsp; 26040 |
| &nbsp;&nbsp;&nbsp; iShares iBoxx $ High Yield Corporate Bond ETF | &nbsp;&nbsp; 717 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 79.00 | USD | 5821 | &nbsp;&nbsp;&nbsp;&nbsp; 6453 |
| &nbsp;&nbsp;&nbsp; Rheinmetall AG | &nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | EUR | 1600.00 | EUR | 397 | &nbsp;&nbsp;&nbsp;&nbsp; 434 |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 245.00 | USD | 195 | &nbsp;&nbsp;&nbsp;&nbsp; 10420 |
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 43347 |
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $292189 |

---

**OTC Barrier Options Purchased** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Type of Option* | *Counterparty* | &nbsp;&nbsp; *Expiration* <br>*Date*<br>| *Exercise Price* | *Exercise Price* | &nbsp;&nbsp; *Barrier* <br>*Price/Range* | &nbsp;&nbsp; *Barrier* <br>*Price/Range* | &nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* |
| Call  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; THB Currency | One Touch | Bank of America N.A. | 12/03/25 | THB | 33.50 | THB | 33.50 | USD | 146 | &nbsp;&nbsp; $16331 |
| &nbsp;&nbsp;&nbsp; USD Currency | One Touch | BNP Paribas SA | 12/22/25 | USD | 1.21 | USD | 1.22 | EUR | 30 | &nbsp;&nbsp; 5840 |
|  |  |  |  |  |  |  |  |  |  | &nbsp;&nbsp; 22171 |
| Put  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TWD Currency | Down-and-out | UBS AG | 10/22/25 | TWD | 30.15 | TWD | 29.00 | USD | 352 | &nbsp;&nbsp; 863 |
| &nbsp;&nbsp;&nbsp; JPY Currency | One Touch | Citibank N.A. | 10/31/25 | JPY | 137.00 | JPY | 137.00 | USD | 82 | &nbsp;&nbsp; 1148 |
| &nbsp;&nbsp;&nbsp; INR Currency | One Touch | Barclays Bank PLC | 11/03/25 | INR | 86.00 | INR | 86.00 | USD | 166 | &nbsp;&nbsp; 792 |
| &nbsp;&nbsp;&nbsp; HUF Currency | One Touch | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| 11/07/25 | HUF | 388.00 | HUF | 388.00 | EUR | 23 | &nbsp;&nbsp; 7952 |
| &nbsp;&nbsp;&nbsp; INR Currency | Down-and-out | Bank of America N.A. | 11/10/25 | INR | 87.00 | INR | 85.05 | USD | 2017 | &nbsp;&nbsp; 355 |
| &nbsp;&nbsp;&nbsp; ZAR Currency | Down-and-out | UBS AG | 11/13/25 | ZAR | 17.20 | ZAR | 16.70 | USD | 450 | &nbsp;&nbsp; 1948 |
| &nbsp;&nbsp;&nbsp; INR Currency | One Touch | Barclays Bank PLC | 11/14/25 | INR | 87.00 | INR | 87.00 | USD | 45 | &nbsp;&nbsp; 1458 |
| &nbsp;&nbsp;&nbsp; TRY Currency | Down-and-out | UBS AG | 11/19/25 | TRY | 44.00 | TRY | 42.50 | USD | 266 | &nbsp;&nbsp; 2131 |
| &nbsp;&nbsp;&nbsp; CZK Currency | One Touch | Barclays Bank PLC | 12/22/25 | CZK | 24.00 | CZK | 24.00 | EUR | 124 | &nbsp;&nbsp; 19102 |
| &nbsp;&nbsp;&nbsp; INR Currency | One Touch | Standard Chartered Bank | 02/10/26 | INR | 11.90 | INR | 11.90 | CNH | 252 | &nbsp;&nbsp; 416 |
|  |  |  |  |  |  |  |  |  |  | &nbsp;&nbsp; 36165 |
|  |  |  |  |  |  |  |  |  |  | &nbsp;&nbsp; $58336 |

---

**OTC Options Purchased** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Counterparty* | *Number of* <br>*Contracts*<br>| *Expiration* <br>*Date*<br>| *Exercise Price* | *Exercise Price* | *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* |
| Call  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; EUR Currency | Goldman Sachs International | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/02/25 | &nbsp;&nbsp; USD | 1.17 | &nbsp;&nbsp; EUR | 2012 | &nbsp;&nbsp; $9892 |
| &nbsp;&nbsp;&nbsp; EUR Currency | Bank of America N.A. | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/08/25 | &nbsp;&nbsp; USD | 1.19 | &nbsp;&nbsp; EUR | 20229 | &nbsp;&nbsp; 8122 |
| &nbsp;&nbsp;&nbsp; USD Currency | Morgan Stanley & Co. International PLC | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/15/25 | &nbsp;&nbsp; MXN | 18.70 | &nbsp;&nbsp; USD | 269 | &nbsp;&nbsp; 436 |
| &nbsp;&nbsp;&nbsp; USD Currency | Morgan Stanley & Co. International PLC | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/16/25 | &nbsp;&nbsp; MXN | 19.00 | &nbsp;&nbsp; USD | 1679 | &nbsp;&nbsp; 1217 |
| &nbsp;&nbsp;&nbsp; EUR Currency | BNP Paribas SA | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/29/25 | &nbsp;&nbsp; USD | 1.17 | &nbsp;&nbsp; EUR | 2374 | &nbsp;&nbsp; 28638 |
| &nbsp;&nbsp;&nbsp; EUR Currency | JPMorgan Chase Bank N.A. | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/29/25 | &nbsp;&nbsp; USD | 1.19 | &nbsp;&nbsp; EUR | 1781 | &nbsp;&nbsp; 6917 |
| &nbsp;&nbsp;&nbsp; USD Currency | Barclays Bank PLC | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/29/25 | &nbsp;&nbsp; MXN | 19.20 | &nbsp;&nbsp; USD | 85 | &nbsp;&nbsp; 111 |
| &nbsp;&nbsp;&nbsp; USD Currency | Barclays Bank PLC | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/29/25 | &nbsp;&nbsp; MXN | 19.20 | &nbsp;&nbsp; USD | 2012 | &nbsp;&nbsp; 2619 |
| &nbsp;&nbsp;&nbsp; KOSPI 200 Index | Bank of America N.A. | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 12/11/25 | &nbsp;&nbsp; KRW | 471.22 | &nbsp;&nbsp; KRW | 94806 | &nbsp;&nbsp; 2661 |
| &nbsp;&nbsp;&nbsp; KOSPI 200 Index | BNP Paribas SA | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 12/11/25 | &nbsp;&nbsp; KRW | 497.76 | &nbsp;&nbsp; KRW | 94806 | &nbsp;&nbsp; 1087 |
|  |  |  |  |  |  |  |  | &nbsp;&nbsp; 61700 |
| Put  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; EUR Currency | JPMorgan Chase Bank N.A. | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/01/25 | &nbsp;&nbsp; USD | 1.17 | &nbsp;&nbsp; EUR | 6129 | &nbsp;&nbsp; 13162 |
| &nbsp;&nbsp;&nbsp; EUR Currency | BNP Paribas SA | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/07/25 | &nbsp;&nbsp; USD | 1.17 | &nbsp;&nbsp; EUR | 604 | &nbsp;&nbsp; 688 |
| &nbsp;&nbsp;&nbsp; EUR Currency | BNP Paribas SA | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/07/25 | &nbsp;&nbsp; USD | 1.17 | &nbsp;&nbsp; EUR | 1749 | &nbsp;&nbsp; 1992 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**OTC Options Purchased (continued)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Counterparty* | *Number of*<br> *Contracts*<br>| *Expiration*<br> *Date*<br>| *Exercise Price* | *Exercise Price* | *Notional*<br> *Amount (000)* | *Notional*<br> *Amount (000)* | *Value* |
| Put (continued) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; USD Currency | Deutsche Bank AG | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/08/25 | &nbsp;&nbsp; JPY | 142.00 | &nbsp;&nbsp; USD | 23342 | &nbsp;&nbsp; $1611 |
| &nbsp;&nbsp;&nbsp; EUR Currency | JPMorgan Chase Bank N.A. | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/10/25 | &nbsp;&nbsp; USD | 1.17 | &nbsp;&nbsp; EUR | 1514 | &nbsp;&nbsp; 7789 |
| &nbsp;&nbsp;&nbsp; USD Currency | Morgan Stanley & Co. International PLC | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/16/25 | &nbsp;&nbsp; SGD | 1.27 | &nbsp;&nbsp; USD | 2190 | &nbsp;&nbsp; 848 |
| &nbsp;&nbsp;&nbsp; USD Currency | Standard Chartered Bank | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/16/25 | &nbsp;&nbsp; TWD | 29.70 | &nbsp;&nbsp; USD | 1622 | &nbsp;&nbsp; 1059 |
| &nbsp;&nbsp;&nbsp; USD Currency | Bank of America N.A. | &nbsp;&nbsp; — | &nbsp;&nbsp; 10/30/25 | &nbsp;&nbsp; IDR | 16500.00 | &nbsp;&nbsp; USD | 1614 | &nbsp;&nbsp; 5259 |
| &nbsp;&nbsp;&nbsp; USD Currency | Goldman Sachs International | &nbsp;&nbsp; — | &nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp; TRY | 43.00 | &nbsp;&nbsp; USD | 253 | &nbsp;&nbsp; 2803 |
|  |  |  |  |  |  |  |  | &nbsp;&nbsp; 35211 |
|  |  |  |  |  |  |  |  | &nbsp;&nbsp; $96911 |

---

**OTC Credit Default Swaptions Purchased** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | *Paid by the Fund* | *Received by the Fund* |  |  |  |  |  |  |  |  |
| *Description* | *Rate/Reference* | *Rate/Reference* | *Frequency* | *Counterparty* | *Expiration* <br>*Date*<br>| *Credit* <br>*Rating*<br>| *Exercise* <br>*Price*<br>| *Notional* <br>*Amount (000)*<sup>(a)</sup>  | *Notional* <br>*Amount (000)*<sup>(a)</sup>  | *Value* |
| Put |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bought Protection on 5-Year Credit <br> Default Swap, 12/20/30<br>| 5.00% | iTraxx.XO.44.V1 | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley <br> & Co. <br> International <br> PLC<br>| 10/15/25 |  | EUR 2.88 | EUR | 744 | $923 |

---

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

<sup>(a)</sup> The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

**OTC Interest Rate Swaptions Purchased** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |
| *Description* | *Rate* | *Frequency* | *Rate* | *Frequency* | *Counterparty* | *Expiration* <br>*Date*<br>| *Exercise* <br>*Rate*<br>| &nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* |
| Call  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 30-Year Interest Rate Swap, 11/01/55 | &nbsp;&nbsp; 1-day SOFR, <br> 4.24%<br>| Annual | 3.80% | Annual | &nbsp;&nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| 10/30/25 | 3.80<br> % <br>| USD | 10406 | $71365 |
| &nbsp;&nbsp;&nbsp; 30-Year Interest Rate Swap, 11/28/55 | &nbsp;&nbsp; 1-day SOFR, <br> 4.24%<br>| Annual | 3.65% | Annual | &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>| 11/26/25 | 3.65 | USD | 15555 | 88008 |
|  |  |  |  |  |  |  |  |  |  | $159373 |

---

**Exchange-Traded Options Written** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| *Exercise Price* | *Exercise Price* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* |
| Call  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; EchoStar Corp., Class A | &nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 80.00 | USD | 191 | &nbsp;&nbsp;&nbsp;&nbsp; $(5812)<br>|
| &nbsp;&nbsp;&nbsp; iShares China Large-Cap ETF | &nbsp;&nbsp; 516 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 45.00 | USD | 2123 | &nbsp;&nbsp;&nbsp;&nbsp; (3870)<br>|
| &nbsp;&nbsp;&nbsp; 2-Year U.S. Treasury Note Future | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 10/24/25 | USD | 104.50 | USD | 4167 | &nbsp;&nbsp;&nbsp;&nbsp; (1875)<br>|
| &nbsp;&nbsp;&nbsp; Nikkei 225 Index | &nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 11/14/25 | JPY | 48000.00 | JPY | 134798 | &nbsp;&nbsp;&nbsp;&nbsp; (5782)<br>|
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 280.00 | USD | 195 | &nbsp;&nbsp;&nbsp;&nbsp; (2440)<br>|
| &nbsp;&nbsp;&nbsp; NVIDIA Corp. | &nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 200.00 | USD | 243 | &nbsp;&nbsp;&nbsp;&nbsp; (9035)<br>|
| &nbsp;&nbsp;&nbsp; iShares iBoxx $ High Yield Corporate Bond ETF | &nbsp;&nbsp; 378 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | USD | 81.00 | USD | 3069 | &nbsp;&nbsp;&nbsp;&nbsp; (26082)<br>|
| &nbsp;&nbsp;&nbsp; iShares iBoxx $ High Yield Corporate Bond ETF | &nbsp;&nbsp; 1078 | &nbsp;&nbsp;&nbsp;&nbsp; 01/16/26 | USD | 82.00 | USD | 8752 | &nbsp;&nbsp;&nbsp;&nbsp; (19404)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (74300)<br>|
| Put  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; SPDR S&P 500 ETF Trust | &nbsp;&nbsp; 181 | &nbsp;&nbsp;&nbsp;&nbsp; 10/10/25 | USD | 645.00 | USD | 12058 | &nbsp;&nbsp;&nbsp;&nbsp; (20272)<br>|
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | &nbsp;&nbsp; 31 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 40.00 | USD | 122 | &nbsp;&nbsp;&nbsp;&nbsp; (6339)<br>|
| &nbsp;&nbsp;&nbsp; iShares iBoxx $ High Yield Corporate Bond ETF | &nbsp;&nbsp; 717 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 76.00 | USD | 5821 | &nbsp;&nbsp;&nbsp;&nbsp; (3585)<br>|
| &nbsp;&nbsp;&nbsp; Rheinmetall AG | &nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | EUR | 1400.00 | EUR | 397 | &nbsp;&nbsp;&nbsp;&nbsp; (1246)<br>|
| &nbsp;&nbsp;&nbsp; SPDR S&P Regional Banking ETF | &nbsp;&nbsp; 182 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | USD | 59.00 | USD | 1152 | &nbsp;&nbsp;&nbsp;&nbsp; (5642)<br>|
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 210.00 | USD | 195 | &nbsp;&nbsp;&nbsp;&nbsp; (2068)<br>|
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 230.00 | USD | 356 | &nbsp;&nbsp;&nbsp;&nbsp; (3087)<br>|
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. | &nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 90.00 | USD | 416 | &nbsp;&nbsp;&nbsp;&nbsp; (4961)<br>|
| &nbsp;&nbsp;&nbsp; DR Horton, Inc. | &nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 145.00 | USD | 169 | &nbsp;&nbsp;&nbsp;&nbsp; (1850)<br>|
| &nbsp;&nbsp;&nbsp; DR Horton, Inc. | &nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 155.00 | USD | 169 | &nbsp;&nbsp;&nbsp;&nbsp; (3800)<br>|

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Exchange-Traded Options Written (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Number of*<br> *Contracts*<br>| &nbsp;&nbsp; *Expiration*<br> *Date*<br>| *Exercise Price* | *Exercise Price* | &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)* | *Value* |
| Put (continued) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Euro Stoxx Banks | &nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | EUR | 205.00 | EUR | 350 | &nbsp;&nbsp;&nbsp;&nbsp; $(2774)<br>|
| &nbsp;&nbsp;&nbsp; Intuit, Inc. | &nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 630.00 | USD | 341 | &nbsp;&nbsp;&nbsp;&nbsp; (5850)<br>|
| &nbsp;&nbsp;&nbsp; MongoDB, Inc., Class A | &nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 260.00 | USD | 279 | &nbsp;&nbsp;&nbsp;&nbsp; (3487)<br>|
| &nbsp;&nbsp;&nbsp; Walt Disney Co. | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | USD | 100.00 | USD | 229 | &nbsp;&nbsp;&nbsp;&nbsp; (2030)<br>|
| &nbsp;&nbsp;&nbsp; iShares Bitcoin Trust ETF<sup>(a)</sup> | &nbsp;&nbsp; 102 | &nbsp;&nbsp;&nbsp;&nbsp; 01/16/26 | USD | 48.00 | USD | 663 | &nbsp;&nbsp;&nbsp;&nbsp; (11424)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (78415)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(152715)<br>|

---

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

<sup>(a)</sup> All or a portion of the security is held by a wholly-owned subsidiary.

**OTC Options Written** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Description* | *Counterparty* | &nbsp;&nbsp; *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| *Exercise Price* | *Exercise Price* | *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* |
| Call  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; USD Currency | Deutsche Bank AG |  | 10/08/25 | JPY | 151.00 | &nbsp;&nbsp; USD | 23342 | &nbsp;&nbsp; $(12955)<br>|
| &nbsp;&nbsp;&nbsp; USD Currency | Morgan Stanley & Co. International PLC |  | 10/15/25 | MXN | 19.00 | &nbsp;&nbsp; USD | 404 | &nbsp;&nbsp; (247)<br>|
| &nbsp;&nbsp;&nbsp; USD Currency | Standard Chartered Bank |  | 10/16/25 | TWD | 30.50 | &nbsp;&nbsp; USD | 1622 | &nbsp;&nbsp; (7088)<br>|
| &nbsp;&nbsp;&nbsp; EUR Currency | BNP Paribas SA |  | 10/29/25 | USD | 1.19 | &nbsp;&nbsp; EUR | 3561 | &nbsp;&nbsp; (13834)<br>|
| &nbsp;&nbsp;&nbsp; USD Currency | Goldman Sachs International |  | 11/21/25 | TRY | 45.00 | &nbsp;&nbsp; USD | 127 | &nbsp;&nbsp; (1487)<br>|
| &nbsp;&nbsp;&nbsp; KOSPI 200 Index | Bank of America N.A. | 200000 | 12/11/25 | KRW | 515.26 | &nbsp;&nbsp; KRW | 94806 | &nbsp;&nbsp; (550)<br>|
| &nbsp;&nbsp;&nbsp; KOSPI 200 Index | BNP Paribas SA | 200000 | 12/11/25 | KRW | 535.00 | &nbsp;&nbsp; KRW | 94806 | &nbsp;&nbsp; (242)<br>|
|  |  |  |  |  |  |  |  | &nbsp;&nbsp; (36403)<br>|
| Put  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; EUR Currency | JPMorgan Chase Bank N.A. |  | 10/01/25 | USD | 1.16 | &nbsp;&nbsp; EUR | 6130 | &nbsp;&nbsp; (101)<br>|
| &nbsp;&nbsp;&nbsp; EUR Currency | Bank of America N.A. |  | 10/08/25 | USD | 1.14 | &nbsp;&nbsp; EUR | 20229 | &nbsp;&nbsp; (807)<br>|
| &nbsp;&nbsp;&nbsp; USD Currency | Bank of America N.A. |  | 10/30/25 | IDR | 16200.00 | &nbsp;&nbsp; USD | 3228 | &nbsp;&nbsp; (2134)<br>|
| &nbsp;&nbsp;&nbsp; USD Currency | Citibank N.A. |  | 10/31/25 | JPY | 137.00 | &nbsp;&nbsp; USD | 1643 | &nbsp;&nbsp; (483)<br>|
| &nbsp;&nbsp;&nbsp; USD Currency | Bank of America N.A. |  | 12/12/25 | IDR | 16000.00 | &nbsp;&nbsp; USD | 7827 | &nbsp;&nbsp; (10559)<br>|
| &nbsp;&nbsp;&nbsp; USD Currency | Citibank N.A. |  | 12/12/25 | BRL | 5.25 | &nbsp;&nbsp; USD | 7827 | &nbsp;&nbsp; (54124)<br>|
| &nbsp;&nbsp;&nbsp; USD Currency | HSBC Bank USA N.A. |  | 12/12/25 | ZAR | 16.80 | &nbsp;&nbsp; USD | 7736 | &nbsp;&nbsp; (39090)<br>|
| &nbsp;&nbsp;&nbsp; USD Currency | Citibank N.A. |  | 12/15/25 | MXN | 18.00 | &nbsp;&nbsp; USD | 7827 | &nbsp;&nbsp; (44637)<br>|
|  |  |  |  |  |  |  |  | &nbsp;&nbsp; (151935)<br>|
|  |  |  |  |  |  |  |  | &nbsp;&nbsp; $(188338)<br>|

---

**OTC Interest Rate Swaptions Written** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |
| *Description* | *Rate* | *Frequency* | *Rate* | *Frequency* | *Counterparty* | *Expiration* <br>*Date*<br>| *Exercise* <br>*Rate*<br>| &nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* |
| Call  |  |  |  |  |  |  |  |  |  |  |
| 5-Year Interest Rate Swap, 10/29/30 | 3.70% | Annual | 6-mo. <br> PRIBOR, <br> 3.50%<br>| Semi-Annual | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| 10/27/25 | 3.70<br> % <br>| CZK | 36280 | $(386)<br>|
| 5-Year Interest Rate Swap, 10/29/30 | 3.70% | Annual | 6-mo. <br> PRIBOR, <br> 3.50%<br>| Semi-Annual | &nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| 10/27/25 | 3.70 | CZK | 24186 | (258)<br>|
| 30-Year Interest Rate Swap, 11/01/55 | 3.50% | Annual | 1-day SOFR, <br> 4.24%<br>| Annual | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| 10/30/25 | 3.50 | USD | 10406 | (7087)<br>|
| 5-Year Interest Rate Swap, 11/16/30 | 3.10% | Annual | 1-day SOFR, <br> 4.24%<br>| Annual | &nbsp;&nbsp; Goldman Sachs <br> International<br>| 11/14/25 | 3.10 | USD | 26255 | (35889)<br>|
| 5-Year Interest Rate Swap, 11/20/30 | 3.10% | Annual | 1-day SOFR, <br> 4.24%<br>| Annual | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| 11/18/25 | 3.10 | USD | 33170 | (50604)<br>|
| 5-Year Interest Rate Swap, 11/22/30 | 3.05% | Annual | 1-day SOFR, <br> 4.24%<br>| Annual | &nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| 11/20/25 | 3.05 | USD | 32840 | (41499)<br>|
| 5-Year Interest Rate Swap, 11/23/30 | 3.07% | Annual | 1-day SOFR, <br> 4.24%<br>| Annual | &nbsp;&nbsp; Goldman Sachs <br> International<br>| 11/21/25 | 3.07 | USD | 33328 | (47634)<br>|

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**OTC Interest Rate Swaptions Written (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |
| *Description* | *Rate* | *Frequency* | *Rate* | *Frequency* | *Counterparty* | *Expiration*<br> *Date*<br>| *Exercise*<br> *Rate*<br>| &nbsp;&nbsp; *Notional*<br> *Amount (000)* | &nbsp;&nbsp; *Notional*<br> *Amount (000)* | *Value* |
| Call (continued) |  |  |  |  |  |  |  |  |  |  |
| 30-Year Interest Rate Swap, 11/28/55 | 3.15% | Annual | 1-day SOFR, <br> 4.24%<br>| Annual | &nbsp;&nbsp; Goldman Sachs <br> International<br>| 11/26/25 | 3.15<br> % <br>| USD | 15555 | $(6167)<br>|
| 2-Year Interest Rate Swap, 12/24/27 | 2.85% | Annual | 1-day SOFR, <br> 4.24%<br>| Annual | &nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| 12/22/25 | 2.85 | USD | 149819 | (100166)<br>|
| 10-Year Interest Rate Swap, 01/01/36 | 3.30% | Annual | 1-day SOFR, <br> 4.24%<br>| Annual | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| 12/30/25 | 3.30 | USD | 12575 | (47232)<br>|
|  |  |  |  |  |  |  |  |  |  | (336922)<br>|
| Put  |  |  |  |  |  |  |  |  |  |  |
| 5-Year Interest Rate Swap, 12/14/30 | &nbsp;&nbsp; 1-day SOFR, <br> 4.24%<br>| Annual | 3.55% | Annual | &nbsp;&nbsp; Goldman Sachs <br> International<br>| 12/12/25 | 3.55 | USD | 35561 | (110190)<br>|
| 10-Year Interest Rate Swap, 01/01/36 | &nbsp;&nbsp; 1-day SOFR, <br> 4.24%<br>| Annual | 4.00% | Annual | &nbsp;&nbsp; JPMorgan Chase <br> Bank N.A.<br>| 12/30/25 | 4.00 | USD | 12575 | (44880)<br>|
| 2-Year Interest Rate Swap, 09/22/29 | &nbsp;&nbsp; 1-day SOFR, <br> 4.24%<br>| Annual | 4.30% | Annual | &nbsp;&nbsp; Goldman Sachs <br> International<br>| 09/20/27 | 4.30 | USD | 100304 | (278845)<br>|
|  |  |  |  |  |  |  |  |  |  | (433915)<br>|
|  |  |  |  |  |  |  |  |  |  | $(770837)<br>|

---

**Centrally Cleared Credit Default Swaps — Buy Protection** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate Paid* <br>*by the Fund*<br>| &nbsp;&nbsp; *Payment* <br>*Frequency*<br>| &nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* | &nbsp;&nbsp; *Upfront* <br>*Premium* <br>*Paid* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Received)*<br>| &nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| CDX.NA.HY.44.V1 | 5.00<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 06/20/30 | USD | 6725 | &nbsp;&nbsp;&nbsp;&nbsp; $(546291)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(464133)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(82158)<br>|
| CDX.EM.44.V1 | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | USD | 380 | &nbsp;&nbsp;&nbsp;&nbsp; 8255 | &nbsp;&nbsp;&nbsp;&nbsp; 8309 | &nbsp;&nbsp;&nbsp;&nbsp; (54)<br>|
| CDX.NA.HY.45.V1 | 5.00 | &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | USD | 1316 | &nbsp;&nbsp;&nbsp;&nbsp; (103441)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (99791)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3650)<br>|
| Federative Republic of Brazil | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | USD | 1867 | &nbsp;&nbsp;&nbsp;&nbsp; (31917)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 43683 | &nbsp;&nbsp;&nbsp;&nbsp; (75600)<br>|
| iTraxx.Asia.XJ.IG.44.V1 | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | USD | 165 | &nbsp;&nbsp;&nbsp;&nbsp; (2743)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2596)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (147)<br>|
| iTraxx.EUR.44.V1 | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | EUR | 721 | &nbsp;&nbsp;&nbsp;&nbsp; (18364)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (18427)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 63 |
| iTraxx.FINSR.44.V1 | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | EUR | 2265 | &nbsp;&nbsp;&nbsp;&nbsp; (52265)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (52697)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 432 |
| iTraxx.XO.44.V1 | 5.00 | &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | EUR | 781 | &nbsp;&nbsp;&nbsp;&nbsp; (98500)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (95907)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2593)<br>|
| Kingdom of Saudi Arabia | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | USD | 192 | &nbsp;&nbsp;&nbsp;&nbsp; 2854 | &nbsp;&nbsp;&nbsp;&nbsp; (2671)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5525 |
| Republic of Colombia | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | USD | 192 | &nbsp;&nbsp;&nbsp;&nbsp; (8199)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8690 | &nbsp;&nbsp;&nbsp;&nbsp; (16889)<br>|
| Republic of Korea | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | USD | 350 | &nbsp;&nbsp;&nbsp;&nbsp; 12561 | &nbsp;&nbsp;&nbsp;&nbsp; (13424)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25985 |
| Republic of Turkey | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | USD | 261 | &nbsp;&nbsp;&nbsp;&nbsp; (18268)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21944 | &nbsp;&nbsp;&nbsp;&nbsp; (40212)<br>|
| United Mexican States | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | USD | 1052 | &nbsp;&nbsp;&nbsp;&nbsp; 3952 | &nbsp;&nbsp;&nbsp;&nbsp; 2684 | &nbsp;&nbsp;&nbsp;&nbsp; 1268 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(852366)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(664336)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(188030)<br>|

---

**Centrally Cleared Credit Default Swaps — Sell Protection** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate Received* <br>*by the Fund*<br>| &nbsp;&nbsp;&nbsp; *Payment* <br>*Frequency*<br>| &nbsp;&nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Credit* <br>*Rating*<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)*<sup>(b)</sup>  | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)*<sup>(b)</sup>  | *Value* | &nbsp;&nbsp; *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| &nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| CDX.NA.HY.43.V1 | 5.00<br> % <br>| Quarterly | 12/20/29 | B | USD | 787 | &nbsp;&nbsp;&nbsp; $60305 | &nbsp;&nbsp;&nbsp; $34019 | &nbsp;&nbsp;&nbsp; $26286 |
| CDX.NA.IG.43.V1 | 1.00 | Quarterly | 12/20/29 | BBB+ | USD | 1750 | &nbsp;&nbsp;&nbsp; 40455 | &nbsp;&nbsp;&nbsp; 32267 | &nbsp;&nbsp;&nbsp; 8188 |
| iTraxx.EUR.43.V1 | 1.00 | Quarterly | 06/20/30 | BB+ | EUR | 2922 | &nbsp;&nbsp;&nbsp; 77684 | &nbsp;&nbsp;&nbsp; 59906 | &nbsp;&nbsp;&nbsp; 17778 |
| iTraxx.XO.43.V2 | 5.00 | Quarterly | 06/20/30 | B | EUR | 4844 | &nbsp;&nbsp;&nbsp; 619488 | &nbsp;&nbsp;&nbsp; 439866 | &nbsp;&nbsp;&nbsp; 179622 |
| Republic of Chile | 1.00 | Quarterly | 12/20/30 | A | USD | 204 | &nbsp;&nbsp;&nbsp; (4719)<br>| &nbsp;&nbsp;&nbsp; 4779 | &nbsp;&nbsp;&nbsp; (9498)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp; $793213 | &nbsp;&nbsp;&nbsp; $570837 | &nbsp;&nbsp;&nbsp; $222376 |

---

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

<sup>(a)</sup> Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

<sup>(b)</sup> The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Centrally Cleared Interest Rate Swaps** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | *Effective* <br>*Date* | &nbsp;&nbsp; *Termination* <br>*Date* | *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)* | *Unrealized* <br>*Appreciation* <br>*(Depreciation)* |
| *Rate* | *Frequency* | *Rate* | *Frequency* | *Effective* <br>*Date* | &nbsp;&nbsp; *Termination* <br>*Date* | *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)* | *Unrealized* <br>*Appreciation* <br>*(Depreciation)* |
| 1-day SOFR, 4.24% | Annual | 4.25% | Annual | N/A | 10/17/25 | USD | 75674 | $(175620)<br>| $8 | $(175628)<br>|
| 1-day SOFR, 4.24% | Annual | 4.05% | Annual | N/A | 10/18/25 | USD | 39525 | (171686)<br>| 5 | (171691)<br>|
| 0.53% | At Termination | &nbsp;&nbsp;&nbsp; Tokyo Overnight Average <br> Rate, 0.48%<br>| At Termination | N/A | 10/30/25 | JPY | 3057000 | (849)<br>| 19 | (868)<br>|
| 1-day SOFR, 4.24% | Annual | 3.75% | Annual | N/A | 12/15/25 | USD | 11532 | (69493)<br>| 4 | (69497)<br>|
| 0.59% | At Termination | &nbsp;&nbsp;&nbsp; Tokyo Overnight Average <br> Rate, 0.48%<br>| At Termination | 10/31/25 <br><sup>(a)</sup><br>| 12/19/25 | JPY | 2373000 | 1168 | 19 | 1149 |
| 5.14% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | N/A | 12/20/25 | PLN | 4197 | (27754)<br>| (1)<br>| (27753)<br>|
| 14.89% | At Termination | 1-day BZDIOVER, 0.06% | At Termination | N/A | 01/02/26 | BRL | 815 | 5 |  | 5 |
| 14.90% | At Termination | 1-day BZDIOVER, 0.06% | At Termination | N/A | 01/02/26 | BRL | 1375 | (4)<br>|  | (4)<br>|
| 7.84% | Monthly | 1-day TIIEFONDEO, 7.85% | Monthly | N/A | 01/09/26 | MXN | 6126 | (450)<br>|  | (450)<br>|
| 9.31% | Monthly | 1-day TIIEFONDEO, 7.85% | Monthly | N/A | 01/09/26 | MXN | 48461 | (15609)<br>| 2 | (15611)<br>|
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.79% | Monthly | N/A | 02/25/26 | MXN | 10935 | 1274 | 1 | 1273 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 8.47% | Monthly | N/A | 02/25/26 | MXN | 112439 | 32364 | 4 | 32360 |
| 0.28% | Annual | &nbsp;&nbsp;&nbsp; Tokyo Overnight Average <br> Rate, 0.48%<br>| Annual | N/A | 03/09/26 | JPY | 1 |  |  |  |
| 8.02% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 03/26/26 | ZAR | 33027 | (9915)<br>| 2 | (9917)<br>|
| 1-day SOFR, 4.24% | Annual | 4.40% | Annual | N/A | 04/08/26 | USD | 65486 | 175436 | 78 | 175358 |
| 1-day SOFR, 4.24% | Annual | 4.45% | Annual | N/A | 04/09/26 | USD | 16493 | 52802 | 20 | 52782 |
| 1-day SOFR, 4.24% | Annual | 4.05% | Annual | N/A | 04/18/26 | USD | 25833 | (14817)<br>| 32 | (14849)<br>|
| 1-day SOFR, 4.24% | Annual | 4.30% | Annual | N/A | 04/24/26 | USD | 30734 | 62873 | 40 | 62833 |
| 8.15% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 05/07/26 | ZAR | 68580 | (34856)<br>| 6 | (34862)<br>|
| 1-day SOFR, 4.24% | Annual | 4.50% | Annual | N/A | 05/08/26 | USD | 26398 | 115334 | 36 | 115298 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.73% | Monthly | N/A | 05/11/26 | MXN | 29665 | 5621 | 1 | 5620 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.73% | Monthly | N/A | 05/11/26 | MXN | 4291 | 820 |  | 820 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.66% | Monthly | N/A | 06/01/26 | MXN | 13638 | 2585 | 1 | 2584 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.72% | Monthly | N/A | 06/01/26 | MXN | 1973 | 415 |  | 415 |
| 7.97% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 06/06/26 | ZAR | 16986 | (7574)<br>| 2 | (7576)<br>|
| 7.73% | Monthly | 1-day TIIEFONDEO, 7.85% | Monthly | N/A | 06/19/26 | MXN | 100648 | (23643)<br>| 6 | (23649)<br>|
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.69% | Monthly | N/A | 06/26/26 | MXN | 1266 | 288 |  | 288 |
| 1-day SOFR, 4.24% | Annual | 4.35% | Annual | N/A | 07/22/26 | USD | 11440 | 54832 | 21 | 54811 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.49% | Monthly | N/A | 08/04/26 | MXN | 2683 | 498 |  | 498 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.33% | Monthly | N/A | 08/21/26 | MXN | 4513 | 528 |  | 528 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.31% | Monthly | N/A | 08/26/26 | MXN | 2676 | 305 |  | 305 |
| 4.02% | At Termination | 1-day SONIA, 3.97% | At Termination | N/A | 09/16/26 | GBP | 35000 | (65845)<br>| (76681)<br>| 10836 |
| 4.19% | Quarterly | 3-mo. WIBOR, 4.72% | Quarterly | N/A | 09/17/26 | PLN | 1048 | 340 | 1 | 339 |
| 4.21% | Quarterly | 3-mo. WIBOR, 4.72% | Quarterly | N/A | 09/17/26 | PLN | 3816 | (873)<br>| 3 | (876)<br>|
| 4.21% | Quarterly | 3-mo. WIBOR, 4.72% | Quarterly | N/A | 09/17/26 | PLN | 1768 | 458 | 105 | 353 |
| 4.22% | Annual | 3-mo. WIBOR, 4.72% | Quarterly | N/A | 09/17/26 | PLN | 1051 | 244 | 1 | 243 |
| 4.31% | Semi-Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | N/A | 09/17/26 | PLN | 1754 | 136 | 1 | 135 |
| 4.43% | Quarterly | 3-mo. WIBOR, 4.72% | Quarterly | N/A | 09/17/26 | PLN | 496 | (154)<br>|  | (154)<br>|
| 4.46% | Annual | 3-mo. WIBOR, 4.72% | Semi-Annual | N/A | 09/17/26 | PLN | 1770 | (1449)<br>| 1 | (1450)<br>|
| 6.81% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/26 | ZAR | 20630 | 391 | 4 | 387 |
| 6.81% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/26 | ZAR | 12233 | 218 | 2 | 216 |
| 6.86% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/26 | ZAR | 12266 | (111)<br>| 2 | (113)<br>|
| 6.94% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/26 | ZAR | 44524 | (2489)<br>| 8 | (2497)<br>|
| 6.94% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/26 | ZAR | 5786 | (319)<br>| 161 | (480)<br>|
| 7.03% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/26 | ZAR | 20653 | (2147)<br>| 4 | (2151)<br>|
| 7.06% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/26 | ZAR | 20469 | (2429)<br>| 4 | (2433)<br>|
| 5.16% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | N/A | 09/19/26 | PLN | 4577 | (10185)<br>| 3 | (10188)<br>|
| 5.24% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | N/A | 09/19/26 | PLN | 6665 | (16208)<br>| 4 | (16212)<br>|
| 1-day SOFR, 4.24% | At Termination | 4.17% | At Termination | 10/23/25 <br><sup>(a)</sup><br>| 10/23/26 | USD | 8267 | 47523 | 15 | 47508 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.62% | Monthly | N/A | 11/18/26 | MXN | 2687 | 958 | 1 | 957 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 9.26% | Monthly | N/A | 11/18/26 | MXN | 18572 | 25101 | 2 | 25099 |
| 1-day BZDIOVER, 0.06% | At Termination | 13.91% | At Termination | N/A | 01/04/27 | BRL | 319 | (147)<br>|  | (147)<br>|
| 1-day BZDIOVER, 0.06% | At Termination | 14.00% | At Termination | N/A | 01/04/27 | BRL | 538 | (141)<br>|  | (141)<br>|
| 5.13% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | N/A | 03/19/27 | PLN | 6048 | (64329)<br>| 4 | (64333)<br>|
| 5.14% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | N/A | 03/19/27 | PLN | 10081 | (107904)<br>| 8 | (107912)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.04% | Annual | N/A | 03/19/27 | HUF | 27331 | (302)<br>|  | (302)<br>|
| 1-day MIBOR, 5.74% | Semi-Annual | 6.15% | Semi-Annual | N/A | 03/19/27 | INR | 514125 | 60960 | 28 | 60932 |
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.50% | Annual | N/A | 03/19/27 | HUF | 446246 | 44353 | 3 | 44350 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Centrally Cleared Interest Rate Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | *Effective*<br> *Date* | &nbsp;&nbsp; *Termination*<br> *Date* | *Notional*<br> *Amount (000)* | *Notional*<br> *Amount (000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| *Rate* | *Frequency* | *Rate* | *Frequency* | *Effective*<br> *Date* | &nbsp;&nbsp; *Termination*<br> *Date* | *Notional*<br> *Amount (000)* | *Notional*<br> *Amount (000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| 7.25% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 03/19/27 | ZAR | 16416 | $(6498)<br>| $3 | $(6501)<br>|
| 0.93% | Quarterly | 1-day THOR, 1.50% | Quarterly | 09/16/26 <br><sup>(a)</sup><br>| 09/16/27 | THB | 36490 | 143 | 4 | 139 |
| 0.95% | Quarterly | 1-day THOR, 1.50% | Quarterly | 09/16/26 <br><sup>(a)</sup><br>| 09/16/27 | THB | 36520 | (129)<br>| 4 | (133)<br>|
| 3.97% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | N/A | 09/17/27 | PLN | 5167 | 3249 | 6 | 3243 |
| 3.99% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | N/A | 09/17/27 | PLN | 1420 | 746 | 2 | 744 |
| 4.03% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | N/A | 09/17/27 | PLN | 1423 | 452 | 2 | 450 |
| 4.05% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | N/A | 09/17/27 | PLN | 2376 | 541 | 3 | 538 |
| 4.18% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | N/A | 09/17/27 | PLN | 671 | (308)<br>| 1 | (309)<br>|
| 4.27% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | N/A | 09/17/27 | PLN | 2397 | (2222)<br>| 3 | (2225)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 5.68% | Annual | N/A | 09/17/27 | HUF | 357768 | (11211)<br>| 5 | (11216)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 5.76% | Annual | N/A | 09/17/27 | HUF | 678097 | (18246)<br>| 9 | (18255)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 5.94% | Annual | N/A | 09/17/27 | HUF | 164477 | (2698)<br>| 2 | (2700)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.02% | Annual | N/A | 09/17/27 | HUF | 138623 | (1695)<br>| 2 | (1697)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.09% | Annual | N/A | 09/17/27 | HUF | 165772 | (1365)<br>| 2 | (1367)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.10% | Annual | N/A | 09/17/27 | HUF | 46490 | (362)<br>| 1 | (363)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.11% | Annual | N/A | 09/17/27 | HUF | 98299 | (740)<br>| 1 | (741)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.20% | Annual | N/A | 09/17/27 | HUF | 98559 | (223)<br>| 1 | (224)<br>|
| 6.72% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/27 | ZAR | 4355 | (25)<br>| 1 | (26)<br>|
| 6.72% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/27 | ZAR | 2582 | (4)<br>| 1 | (5)<br>|
| 6.79% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/27 | ZAR | 2589 | (206)<br>| 1 | (207)<br>|
| 6.93% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/27 | ZAR | 1221 | (285)<br>| 43 | (328)<br>|
| 6.99% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/27 | ZAR | 9398 | (2804)<br>| 2 | (2806)<br>|
| 7.02% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/27 | ZAR | 4359 | (1423)<br>| 1 | (1424)<br>|
| 7.08% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/27 | ZAR | 4321 | (1713)<br>| 1 | (1714)<br>|
| 1-day SOFR, 4.24% | Annual | 3.92% | Annual | 11/03/25 <br><sup>(a)</sup><br>| 11/03/27 | USD | 2064 | 22759 | 9 | 22750 |
| 1-day SOFR, 4.24% | Annual | 3.95% | Annual | 11/03/25 <br><sup>(a)</sup><br>| 11/03/27 | USD | 2064 | 23948 | 9 | 23939 |
| 1-day SOFR, 4.24% | Annual | 3.99% | Annual | 11/03/25 <br><sup>(a)</sup><br>| 11/03/27 | USD | 4128 | 50671 | 19 | 50652 |
| 1-day SOFR, 4.24% | Annual | 4.07% | Annual | 11/03/25 <br><sup>(a)</sup><br>| 11/03/27 | USD | 20964 | 291601 | 95 | 291506 |
| 1-day SOFR, 4.24% | Annual | 3.95% | Annual | 11/06/25 <br><sup>(a)</sup><br>| 11/06/27 | USD | 63560 | 741428 | 289 | 741139 |
| 1-day SOFR, 4.24% | Annual | 3.86% | Annual | 11/10/25 <br><sup>(a)</sup><br>| 11/10/27 | USD | 8552 | 86159 | 39 | 86120 |
| 1-day BZDIOVER, 0.06% | At Termination | 13.29% | At Termination | N/A | 01/03/28 | BRL | 258 | (80)<br>|  | (80)<br>|
| 1-day SOFR, 4.24% | Annual | 3.48% | Annual | 01/23/26 <br><sup>(a)</sup><br>| 01/23/28 | USD | 11120 | 45308 | 48 | 45260 |
| 3.45% | Annual | 1-day SOFR, 4.24% | Annual | 01/26/26 | 01/26/28 | USD | 10280 | (35418)<br>| 44 | (35462)<br>|
| 1-day SOFR, 4.24% | Annual | 4.00% | Annual | 01/26/26 | 01/26/28 | USD | 10280 | 143167 | 44 | 143123 |
| 3.27% | Annual | 1-day SOFR, 4.24% | Annual | 02/05/26 <br><sup>(a)</sup><br>| 02/05/28 | USD | 10488 | (2486)<br>| 45 | (2531)<br>|
| 1-day SOFR, 4.24% | Annual | 3.87% | Annual | 02/05/26 <br><sup>(a)</sup><br>| 02/05/28 | USD | 10488 | 122611 | 45 | 122566 |
| &nbsp;&nbsp;&nbsp; China Fixing Repo Rates <br> 7-day, 1.65%<br>| Quarterly | 1.58% | Quarterly | N/A | 03/19/28 | CNY | 7240 | 10 | 7 | 3 |
| 1-day MIBOR, 5.74% | At Termination | 5.80% | At Termination | 06/16/27 <br><sup>(a)</sup><br>| 06/16/28 | INR | 111505 | 404 | 4 | 400 |
| 1-day MIBOR, 5.74% | At Termination | 5.84% | At Termination | 06/16/27 <br><sup>(a)</sup><br>| 06/16/28 | INR | 111505 | 778 | 4 | 774 |
| 1-day SONIA, 3.97% | Annual | 4.86% | Annual | N/A | 06/20/28 | GBP | 2670 | 107083 | (5)<br>| 107088 |
| 1-day SOFR, 4.24% | Annual | 3.50% | Annual | N/A | 08/20/28 | USD | 30150 | 96152 | 223 | 95929 |
| 3-mo. KRW CDC, 2.57% | Quarterly | 2.36% | Quarterly | N/A | 09/17/28 | KRW | 682494 | (2375)<br>| 3 | (2378)<br>|
| 3-mo. KRW CDC, 2.57% | Quarterly | 2.37% | Quarterly | N/A | 09/17/28 | KRW | 608530 | (2029)<br>| 3 | (2032)<br>|
| 3-mo. KRW CDC, 2.57% | Quarterly | 2.39% | Quarterly | N/A | 09/17/28 | KRW | 1216549 | (3601)<br>| 6 | (3607)<br>|
| 3-mo. KRW CDC, 2.57% | Quarterly | 2.40% | Quarterly | N/A | 09/17/28 | KRW | 3517922 | (9501)<br>| 17 | (9518)<br>|
| 3-mo. KRW CDC, 2.57% | Quarterly | 2.40% | Quarterly | N/A | 09/17/28 | KRW | 5207973 | (13687)<br>| 25 | (13712)<br>|
| 3-mo. KRW CDC, 2.57% | Quarterly | 2.41% | Quarterly | N/A | 09/17/28 | KRW | 2061697 | (5119)<br>| 10 | (5129)<br>|
| 3-mo. KRW CDC, 2.57% | Quarterly | 2.41% | Quarterly | N/A | 09/17/28 | KRW | 135634 | (345)<br>|  | (345)<br>|
| 3-mo. KRW CDC, 2.57% | Quarterly | 2.44% | Quarterly | N/A | 09/17/28 | KRW | 542826 | (975)<br>| 3 | (978)<br>|
| 3-mo. KRW CDC, 2.57% | Quarterly | 2.48% | Quarterly | 09/17/27 <br><sup>(a)</sup><br>| 09/17/28 | KRW | 3293135 | (2823)<br>| 8 | (2831)<br>|
| 3-mo. KRW CDC, 2.57% | Quarterly | 2.50% | Quarterly | 09/17/27 <br><sup>(a)</sup><br>| 09/17/28 | KRW | 3007617 | (2209)<br>| 11 | (2220)<br>|
| 3-mo. KRW CDC, 2.57% | Quarterly | 2.51% | Quarterly | 09/17/27 <br><sup>(a)</sup><br>| 09/17/28 | KRW | 3364453 | (2197)<br>| 12 | (2209)<br>|
| 3-mo. KRW CDC, 2.57% | Quarterly | 2.53% | Quarterly | 09/17/27 <br><sup>(a)</sup><br>| 09/17/28 | KRW | 3293135 | (1792)<br>| 12 | (1804)<br>|
| 1-day MIBOR, 5.74% | Semi-Annual | 5.54% | Semi-Annual | N/A | 09/17/28 | INR | 375289 | (299)<br>| 43 | (342)<br>|
| 1-day MIBOR, 5.74% | Semi-Annual | 5.55% | Semi-Annual | N/A | 09/17/28 | INR | 45597 | 135 | 5 | 130 |
| 1-day MIBOR, 5.74% | Semi-Annual | 5.58% | Semi-Annual | N/A | 09/17/28 | INR | 25580 | 279 | 2 | 277 |
| 1-day SOFR, 4.24% | Annual | 4.40% | Annual | N/A | 10/31/28 | USD | 13462 | 406265 | 82 | 406183 |
| 1-day SOFR, 4.24% | Annual | 3.25% | Annual | 12/15/26 <br><sup>(a)</sup><br>| 12/15/28 | USD | 9063 | 7928 | 41 | 7887 |
| 1-day BZDIOVER, 0.06% | At Termination | 13.01% | At Termination | N/A | 01/02/29 | BRL | 16624 | (14360)<br>| 29 | (14389)<br>|
| 1-day BZDIOVER, 0.06% | At Termination | 13.11% | At Termination | N/A | 01/02/29 | BRL | 864 | (516)<br>| 1 | (517)<br>|

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Centrally Cleared Interest Rate Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | *Effective*<br> *Date* | &nbsp;&nbsp; *Termination*<br> *Date* | *Notional*<br> *Amount (000)* | *Notional*<br> *Amount (000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| *Rate* | *Frequency* | *Rate* | *Frequency* | *Effective*<br> *Date* | &nbsp;&nbsp; *Termination*<br> *Date* | *Notional*<br> *Amount (000)* | *Notional*<br> *Amount (000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| 1-day BZDIOVER, 0.06% | At Termination | 13.14% | At Termination | N/A | 01/02/29 | BRL | 6868 | $(1951)<br>| $12 | $(1963)<br>|
| 1-day BZDIOVER, 0.06% | At Termination | 13.24% | At Termination | N/A | 01/02/29 | BRL | 1457 | 220 | 2 | 218 |
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 3.00% | Annual | N/A | 03/05/29 | EUR | 6374 | 293187 | 48 | 293139 |
| 1-day SOFR, 4.24% | Annual | 3.79% | Annual | N/A | 03/29/29 | USD | 36848 | 421095 | 239 | 420856 |
| 1-day SOFR, 4.24% | Annual | 4.00% | Annual | N/A | 04/08/29 | USD | 28993 | 569778 | 195 | 569583 |
| 1-day SOFR, 4.24% | Annual | 4.05% | Annual | N/A | 04/09/29 | USD | 16493 | 355670 | 111 | 355559 |
| 1-day SOFR, 4.24% | Annual | 4.00% | Annual | N/A | 04/18/29 | USD | 25833 | 513831 | 175 | 513656 |
| 1-day SOFR, 4.24% | Annual | 4.00% | Annual | N/A | 04/24/29 | USD | 12806 | 256926 | 87 | 256839 |
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 2.90% | Annual | N/A | 04/30/29 | EUR | 7120 | 202046 | 55 | 201991 |
| 1-day SOFR, 4.24% | Annual | 4.00% | Annual | N/A | 05/06/29 | USD | 25628 | 522765 | 176 | 522589 |
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 2.87% | Annual | N/A | 06/11/29 | EUR | 5166 | 138932 | 42 | 138890 |
| 3.81% | Annual | 1-day SONIA, 3.97% | Annual | N/A | 10/25/29 | GBP | 12500 | 99826 | (287)<br>| 100113 |
| 7.90% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 10/31/29 | ZAR | 35000 | (77938)<br>| 10 | (77948)<br>|
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.77% | Monthly | N/A | 11/14/29 | MXN | 1222 | 1314 | 1 | 1313 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 9.04% | Monthly | N/A | 11/14/29 | MXN | 111543 | 398173 | 43 | 398130 |
| 7.78% | Monthly | 1-day TIIEFONDEO, 7.85% | Monthly | N/A | 12/14/29 | MXN | 1261 | (1376)<br>| 1 | (1377)<br>|
| 8.97% | Monthly | 1-day TIIEFONDEO, 7.85% | Monthly | N/A | 12/14/29 | MXN | 15180 | (52669)<br>| 7 | (52676)<br>|
| 1-day SONIA, 3.97% | Annual | 4.00% | Annual | N/A | 01/16/30 | GBP | 6330 | 41149 | 194 | 40955 |
| 1-day SONIA, 3.97% | Annual | 4.00% | Annual | N/A | 01/20/30 | GBP | 5129 | 33887 | 158 | 33729 |
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 2.18% | Annual | N/A | 01/31/30 | EUR | 154 | (488)<br>| 10 | (498)<br>|
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 2.21% | Annual | N/A | 01/31/30 | EUR | 269 | (717)<br>| 47 | (764)<br>|
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 2.21% | Annual | N/A | 01/31/30 | EUR | 75 | (269)<br>| (40)<br>| (229)<br>|
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 2.29% | Annual | N/A | 01/31/30 | EUR | 160 | (253)<br>| (15)<br>| (238)<br>|
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 2.42% | Annual | N/A | 01/31/30 | EUR | 337 | 6028 | 84 | 5944 |
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 2.63% | Annual | N/A | 01/31/30 | EUR | 580 | 12545 | 12068 | 477 |
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 2.18% | Annual | N/A | 02/03/30 | EUR | 113 | (334)<br>|  | (334)<br>|
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 2.29% | Annual | N/A | 02/03/30 | EUR | 269 | (504)<br>| 16 | (520)<br>|
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 2.33% | Annual | N/A | 02/03/30 | EUR | 159 | (9)<br>| 161 | (170)<br>|
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 2.43% | Annual | N/A | 02/03/30 | EUR | 676 | 12748 | 1477 | 11271 |
| 7.80% | Monthly | 1-day TIIEFONDEO, 7.85% | Monthly | N/A | 02/07/30 | MXN | 1387 | (1561)<br>| 1 | (1562)<br>|
| 8.65% | Monthly | 1-day TIIEFONDEO, 7.85% | Monthly | N/A | 02/07/30 | MXN | 9589 | (27673)<br>| 4 | (27677)<br>|
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.46% | Annual | N/A | 03/19/30 | CZK | 17731 | (946)<br>| 8 | (954)<br>|
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.60% | Annual | N/A | 03/19/30 | CZK | 2565 | (1446)<br>| 2 | (1448)<br>|
| 6-mo. WIBOR, 4.58% | Semi-Annual | 4.94% | Annual | N/A | 03/19/30 | PLN | 2169 | 34188 | 6 | 34182 |
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.15% | Annual | N/A | 03/19/30 | HUF | 10937 | (102)<br>|  | (102)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.55% | Annual | N/A | 03/19/30 | HUF | 112602 | 14521 | 3 | 14518 |
| 7.94% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 03/19/30 | ZAR | 50774 | (115799)<br>| 26 | (115825)<br>|
| 1-day MIBOR, 5.74% | Semi-Annual | 6.00% | Semi-Annual | N/A | 03/19/30 | INR | 84433 | 11664 | 11 | 11653 |
| 7.73% | Monthly | 1-day TIIEFONDEO, 7.85% | Monthly | N/A | 05/06/30 | MXN | 5490 | (5354)<br>| 3 | (5357)<br>|
| 7.82% | Monthly | 1-day TIIEFONDEO, 7.85% | Monthly | N/A | 05/06/30 | MXN | 794 | (929)<br>|  | (929)<br>|
| 7.77% | Monthly | 1-day TIIEFONDEO, 7.85% | Monthly | N/A | 05/27/30 | MXN | 2569 | (2749)<br>| 1 | (2750)<br>|
| 7.82% | Monthly | 1-day TIIEFONDEO, 7.85% | Monthly | N/A | 05/27/30 | MXN | 372 | (438)<br>|  | (438)<br>|
| 6-mo. EURIBOR, 2.10% | Semi-Annual | 2.20% | Annual | N/A | 06/04/30 | EUR | 1614 | (12650)<br>| 17 | (12667)<br>|
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.82% | Monthly | N/A | 06/07/30 | MXN | 15930 | 18883 | 8 | 18875 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.82% | Monthly | N/A | 06/07/30 | MXN | 1705 | 2020 | 1 | 2019 |
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.56% | Annual | N/A | 06/18/30 | CZK | 4762 | (3449)<br>| 2 | (3451)<br>|
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.62% | Annual | N/A | 06/18/30 | CZK | 1723 | (1031)<br>| 1 | (1032)<br>|
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.66% | Annual | N/A | 06/18/30 | CZK | 7149 | (3575)<br>| 803 | (4378)<br>|
| 7.77% | Monthly | 1-day TIIEFONDEO, 7.85% | Monthly | N/A | 06/21/30 | MXN | 238 | (254)<br>|  | (254)<br>|
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.72% | Monthly | N/A | 06/24/30 | MXN | 13852 | 13262 | 7 | 13255 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.67% | Monthly | N/A | 07/30/30 | MXN | 3829 | 3220 | 2 | 3218 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.69% | Monthly | N/A | 07/30/30 | MXN | 64624 | 57248 | 31 | 57217 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.54% | Monthly | N/A | 08/16/30 | MXN | 6440 | 3477 | 3 | 3474 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 7.51% | Monthly | N/A | 08/21/30 | MXN | 3819 | 1803 | 2 | 1801 |
| &nbsp;&nbsp;&nbsp; China Fixing Repo Rates <br> 7-day, 1.65%<br>| Quarterly | 1.45% | Quarterly | N/A | 09/17/30 | CNY | 23016 | (31703)<br>| 36 | (31739)<br>|
| &nbsp;&nbsp;&nbsp; China Fixing Repo Rates <br> 7-day, 1.65%<br>| Quarterly | 1.56% | Quarterly | N/A | 09/17/30 | CNY | 1070 | (658)<br>| 2 | (660)<br>|
| &nbsp;&nbsp;&nbsp; China Fixing Repo Rates <br> 7-day, 1.65%<br>| Quarterly | 1.62% | Quarterly | N/A | 09/17/30 | CNY | 1200 | (245)<br>| 2 | (247)<br>|

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Centrally Cleared Interest Rate Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | *Effective*<br> *Date* | &nbsp;&nbsp; *Termination*<br> *Date* | *Notional*<br> *Amount (000)* | *Notional*<br> *Amount (000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| *Rate* | *Frequency* | *Rate* | *Frequency* | *Effective*<br> *Date* | &nbsp;&nbsp; *Termination*<br> *Date* | *Notional*<br> *Amount (000)* | *Notional*<br> *Amount (000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| &nbsp;&nbsp;&nbsp; China Fixing Repo Rates <br> 7-day, 1.65%<br>| Quarterly | 1.63% | Quarterly | N/A | 09/17/30 | CNY | 2139 | $(306)<br>| $3 | $(309)<br>|
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.39% | Annual | N/A | 09/17/30 | CZK | 7802 | (8982)<br>| 4 | (8986)<br>|
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.41% | Annual | N/A | 09/17/30 | CZK | 16970 | (19103)<br>| 9 | (19112)<br>|
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.55% | Annual | N/A | 09/17/30 | CZK | 31903 | (25694)<br>| 17 | (25711)<br>|
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.62% | Annual | N/A | 09/17/30 | CZK | 3162 | (2089)<br>| 2 | (2091)<br>|
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.64% | Annual | N/A | 09/17/30 | CZK | 7000 | (4282)<br>| 4 | (4286)<br>|
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.68% | Annual | N/A | 09/17/30 | CZK | 20054 | (10574)<br>| 11 | (10585)<br>|
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.70% | Annual | N/A | 09/17/30 | CZK | 11276 | (5418)<br>| 6 | (5424)<br>|
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.70% | Annual | N/A | 09/17/30 | CZK | 6686 | (3190)<br>| 4 | (3194)<br>|
| 6-mo. PRIBOR, 3.50% | Semi-Annual | 3.81% | Annual | N/A | 09/17/30 | CZK | 6704 | (1550)<br>| 4 | (1554)<br>|
| 6-mo. WIBOR, 4.58% | Semi-Annual | 4.04% | Annual | N/A | 09/17/30 | PLN | 2858 | (3974)<br>| 8 | (3982)<br>|
| 6-mo. WIBOR, 4.58% | Semi-Annual | 4.05% | Annual | N/A | 09/17/30 | PLN | 539 | (624)<br>| 2 | (626)<br>|
| 6-mo. WIBOR, 4.58% | Semi-Annual | 4.14% | Annual | N/A | 09/17/30 | PLN | 1059 | (56)<br>| 3 | (59)<br>|
| 6-mo. WIBOR, 4.58% | Semi-Annual | 4.14% | Annual | N/A | 09/17/30 | PLN | 540 | (92)<br>| 2 | (94)<br>|
| 6-mo. WIBOR, 4.58% | Semi-Annual | 4.23% | Annual | N/A | 09/17/30 | PLN | 299 | 281 | 1 | 280 |
| 6-mo. WIBOR, 4.58% | Semi-Annual | 4.33% | Annual | N/A | 09/17/30 | PLN | 1069 | 2357 | 3 | 2354 |
| 6-mo. BUBOR, 6.48% | Semi-Annual | 5.96% | Annual | N/A | 09/17/30 | HUF | 43283 | (1684)<br>| 1 | (1685)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.16% | Annual | N/A | 09/17/30 | HUF | 19899 | (281)<br>| 1 | (282)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.17% | Annual | N/A | 09/17/30 | HUF | 20055 | (258)<br>| 1 | (259)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.21% | Annual | N/A | 09/17/30 | HUF | 17517 | (125)<br>| 1 | (126)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.22% | Annual | N/A | 09/17/30 | HUF | 9140 | (60)<br>|  | (60)<br>|
| 6-mo. BUBOR, 6.48% | Semi-Annual | 6.27% | Annual | N/A | 09/17/30 | HUF | 11924 | 5 |  | 5 |
| 7.11% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/30 | ZAR | 9334 | (2292)<br>| 6 | (2298)<br>|
| 7.11% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/30 | ZAR | 5535 | (1342)<br>| 4 | (1346)<br>|
| 7.22% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/30 | ZAR | 6827 | (3459)<br>| 4 | (3463)<br>|
| 7.37% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/30 | ZAR | 3220 | (2823)<br>| 350 | (3173)<br>|
| 7.49% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/30 | ZAR | 11495 | (13634)<br>| 7 | (13641)<br>|
| 7.60% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/30 | ZAR | 17902 | (25788)<br>| 11 | (25799)<br>|
| 7.63% | Quarterly | 3-mo. JIBAR, 7.00% | Quarterly | N/A | 09/17/30 | ZAR | 11393 | (17301)<br>| 7 | (17308)<br>|
| 3-mo. BBSW, 3.58% | Quarterly | 3.90% | Quarterly | 09/20/28 <br><sup>(a)</sup><br>| 09/20/30 | AUD | 1960 | (1287)<br>| 9 | (1296)<br>|
| 3-mo. BBSW, 3.58% | Quarterly | 3.91% | Quarterly | 09/20/28 <br><sup>(a)</sup><br>| 09/20/30 | AUD | 1925 | (1088)<br>| 10 | (1098)<br>|
| 3-mo. BBSW, 3.58% | Quarterly | 3.92% | Quarterly | 09/20/28 <br><sup>(a)</sup><br>| 09/20/30 | AUD | 1925 | (934)<br>| 10 | (944)<br>|
| 1.67% | Quarterly | &nbsp;&nbsp;&nbsp; China Fixing Repo Rates <br> 7-day, 1.65%<br>| Quarterly | 12/17/25 <br><sup>(a)</sup><br>| 12/17/30 | CNY | 1685 | (44)<br>| 3 | (47)<br>|
| 1.68% | Quarterly | &nbsp;&nbsp;&nbsp; China Fixing Repo Rates <br> 7-day, 1.65%<br>| Quarterly | 12/17/25 <br><sup>(a)</sup><br>| 12/17/30 | CNY | 1685 | (191)<br>| 3 | (194)<br>|
| 3-mo. TAIBOR, 1.68% | Quarterly | 1.72% | Quarterly | 12/17/25 <br><sup>(a)</sup><br>| 12/17/30 | TWD | 26920 | (1493)<br>| 10 | (1503)<br>|
| 2.60% | Quarterly | 3-mo. KRW CDC, 2.57% | Quarterly | 12/17/25 <br><sup>(a)</sup><br>| 12/17/30 | KRW | 333005 | 602 | 3 | 599 |
| 2.63% | Quarterly | 3-mo. KRW CDC, 2.57% | Quarterly | 12/17/25 <br><sup>(a)</sup><br>| 12/17/30 | KRW | 324976 | 205 | 3 | 202 |
| 4.08% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | 12/17/25 <br><sup>(a)</sup><br>| 12/17/30 | PLN | 3877 | 2631 | 12 | 2619 |
| 4.08% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | 12/17/25 <br><sup>(a)</sup><br>| 12/17/30 | PLN | 3936 | 2576 | 12 | 2564 |
| 4.10% | Annual | 6-mo. WIBOR, 4.58% | Semi-Annual | 12/17/25 <br><sup>(a)</sup><br>| 12/17/30 | PLN | 3936 | 1864 | 12 | 1852 |
| 1-day BZDIOVER, 0.06% | At Termination | 13.38% | At Termination | N/A | 01/02/31 | BRL | 336 | 281 | 1 | 280 |
| 1-day BZDIOVER, 0.06% | At Termination | 13.47% | At Termination | N/A | 01/02/31 | BRL | 567 | 944 | 1 | 943 |
| 0.02% | Annual | 6-mo. EURIBOR, 2.10% | Semi-Annual | N/A | 08/26/31 | EUR | 8789 | 1391649 | 116 | 1391533 |
| 1-day ESTR, 2,197.53% | Annual | 2.34% | Annual | 01/19/28 <br><sup>(a)</sup><br>| 01/19/33 | EUR | 2870 | (27131)<br>| 40 | (27171)<br>|
| 1-day SOFR, 4.24% | Annual | 3.14% | Annual | 05/12/28 <br><sup>(a)</sup><br>| 05/12/33 | USD | 5752 | (120894)<br>| 53 | (120947)<br>|
| 3.24% | Annual | 1-day SOFR, 4.24% | Annual | N/A | 08/09/33 | USD | 5937 | 134466 | 87 | 134379 |
| 1-day SOFR, 4.24% | Annual | 3.75% | Annual | N/A | 08/09/33 | USD | 8716 | 113993 | 116 | 113877 |
| 1-day SOFR, 4.24% | Annual | 3.93% | Annual | N/A | 10/04/33 | USD | 12560 | 256051 | 174 | 255877 |
| 1-day SOFR, 4.24% | Annual | 3.50% | Annual | N/A | 10/17/33 | USD | 17463 | (237060)<br>| 242 | (237302)<br>|
| 4.40% | Annual | 1-day SOFR, 4.24% | Annual | N/A | 11/01/33 | USD | 5329 | (311930)<br>| 74 | (312004)<br>|
| 1-day SOFR, 4.24% | Annual | 4.00% | Annual | N/A | 01/12/34 | USD | 4076 | 113495 | 55 | 113440 |
| 1-day SOFR, 4.24% | Annual | 4.00% | Annual | N/A | 01/17/34 | USD | 2938 | 81901 | 40 | 81861 |
| 3.62% | Annual | 1-day SOFR, 4.24% | Annual | 10/09/29 <br><sup>(a)</sup><br>| 10/09/34 | USD | 10760 | 99905 | 101 | 99804 |
| 1-day SOFR, 4.24% | Annual | 3.66% | Annual | N/A | 10/10/34 | USD | 1 | (4)<br>|  | (4)<br>|
| 9.11% | Monthly | 1-day TIIEFONDEO, 7.85% | Monthly | N/A | 11/08/34 | MXN | 9670 | (50043)<br>| 8 | (50051)<br>|
| 6.07% | Semi-Annual | 1-day MIBOR, 5.74% | Semi-Annual | N/A | 03/19/35 | INR | 33255 | (3494)<br>| 7 | (3501)<br>|
| 1-day SOFR, 4.24% | Annual | 3.75% | Annual | N/A | 07/09/35 | USD | 7031 | 49601 | 112 | 49489 |
| 1-day TIIEFONDEO, 7.85% | Monthly | 8.12% | Monthly | N/A | 09/05/35 | MXN | 80000 | 118110 | 69 | 118041 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Centrally Cleared Interest Rate Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | *Effective*<br> *Date* | &nbsp;&nbsp; *Termination*<br> *Date* | *Notional*<br> *Amount (000)* | *Notional*<br> *Amount (000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| *Rate* | *Frequency* | *Rate* | *Frequency* | *Effective*<br> *Date* | &nbsp;&nbsp; *Termination*<br> *Date* | *Notional*<br> *Amount (000)* | *Notional*<br> *Amount (000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)* | *Unrealized*<br> *Appreciation*<br> *(Depreciation)* |
| 1-day THOR, 1.50% | Quarterly | 1.35% | Quarterly | N/A | 09/17/35 | THB | 17705 | $(5369)<br>| $9 | $(5378)<br>|
| 1-day THOR, 1.50% | Quarterly | 1.38% | Quarterly | N/A | 09/17/35 | THB | 17705 | (4071)<br>| 9 | (4080)<br>|
| 1-day THOR, 1.50% | Quarterly | 1.43% | Quarterly | N/A | 09/17/35 | THB | 1013 | (57)<br>| 1 | (58)<br>|
| 1-day THOR, 1.50% | Quarterly | 1.44% | Quarterly | N/A | 09/17/35 | THB | 568 | (18)<br>|  | (18)<br>|
| 1-day THOR, 1.50% | Quarterly | 1.58% | Quarterly | N/A | 09/17/35 | THB | 507 | 183 |  | 183 |
| 1-day THOR, 1.50% | Quarterly | 1.61% | Quarterly | N/A | 09/17/35 | THB | 7833 | 3482 | 4 | 3478 |
| 1-day THOR, 1.50% | Quarterly | 1.79% | Quarterly | 09/18/30 <br><sup>(a)</sup><br>| 09/18/35 | THB | 31830 | (57)<br>| 13 | (70)<br>|
| 1-day THOR, 1.50% | Quarterly | 1.84% | Quarterly | 12/18/30 <br><sup>(a)</sup><br>| 12/18/35 | THB | 14508 | 840 | 6 | 834 |
| 3.46% | Annual | 1-day SOFR, 4.24% | Annual | 12/15/26 <br><sup>(a)</sup><br>| 12/15/36 | USD | 2071 | 48512 | 34 | 48478 |
| 3.65% | Annual | 1-day SOFR, 4.24% | Annual | N/A | 11/03/53 | USD | 5310 | 314297 | 166 | 314131 |
| 1-day SOFR, 4.24% | Annual | 4.00% | Annual | N/A | 11/03/53 | USD | 5310 | 19432 | 166 | 19266 |
| &nbsp;&nbsp;&nbsp; Tokyo Overnight Average <br> Rate, 0.48%<br>| Annual | 1.45% | Annual | N/A | 03/06/54 | JPY | 234530 | (322059)<br>| 54 | (322113)<br>|
| &nbsp;&nbsp;&nbsp; Tokyo Overnight Average <br> Rate, 0.48%<br>| Annual | 1.45% | Annual | N/A | 03/11/54 | JPY | 234530 | (321771)<br>| 54 | (321825)<br>|
|  |  |  |  |  |  |  |  | $6747399 | $(56243)<br>| $6803642 |

---

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

<sup>(a)</sup> Forward Swap.

**Centrally Cleared Inflation Swaps** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund | &nbsp;&nbsp; *Termination* <br>*Date* | &nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)* | *Unrealized* <br>*Appreciation* <br>*(Depreciation)* |
| *Reference* | *Frequency* | *Rate* | *Frequency* | &nbsp;&nbsp; *Termination* <br>*Date* | &nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)* | *Unrealized* <br>*Appreciation* <br>*(Depreciation)* |
| &nbsp;&nbsp;&nbsp; Eurostat Eurozone HICP Ex <br> Tobacco Unrevised<br>| At Termination | 2.69% | At Termination | 08/15/32 | EUR | 535 | &nbsp;&nbsp; $22111 | &nbsp;&nbsp; $11 | &nbsp;&nbsp; $22100 |

---

**OTC Credit Default Swaps — Buy Protection** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligations/Index* | *Financing* <br>*Rate Paid* <br>*by the Fund*<br>| &nbsp;&nbsp; *Payment* <br>*Frequency*<br>| *Counterparty* | *Termination* <br>*Date*<br>| *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| Deutsche Bank AG | 1.00<br> % <br>| Quarterly | JPMorgan Chase Bank N.A. | 06/20/28 | EUR | 300 | $(4982)<br>| $14122 | $(19104)<br>|
| Deutsche Bank AG | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 06/20/28 | EUR | 176 | (2923)<br>| 5417 | (8340)<br>|
| Deutsche Bank AG | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 06/20/28 | EUR | 59 | (980)<br>| 1816 | (2796)<br>|
| Deutsche Bank AG | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 06/20/28 | EUR | 65 | (1079)<br>| 2106 | (3185)<br>|
| UBS Group AG | 1.00 | Quarterly | BNP Paribas SA | 06/20/28 | EUR | 100 | (2298)<br>| 2543 | (4841)<br>|
| UBS Group AG | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 06/20/28 | EUR | 63 | (1448)<br>| 1895 | (3343)<br>|
| UBS Group AG | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 06/20/28 | EUR | 600 | (13789)<br>| 11997 | (25786)<br>|
| Boeing, Co. | 1.00 | Quarterly | Deutsche Bank AG | 12/20/28 | USD | 300 | (5089)<br>| (980)<br>| (4109)<br>|
| Boeing, Co. | 1.00 | Quarterly | JPMorgan Chase Bank N.A. | 06/20/29 | USD | 300 | (5355)<br>| 2761 | (8116)<br>|
|  |  |  |  |  |  |  | $(37943)<br>| $41677 | $(79620)<br>|

---

**OTC Credit Default Swaps — Sell Protection** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate Received* <br>*by the Fund*<br>| &nbsp;&nbsp; *Payment* <br>*Frequency*<br>| *Counterparty* | *Termination* <br>*Date*<br>| *Credit* <br>*Rating*<sup>(a)</sup> <br>| *Notional* <br>*Amount (000)*<sup>(b)</sup>  | *Notional* <br>*Amount (000)*<sup>(b)</sup>  | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| CMA CGM SA | 5.00<br> % <br>| Quarterly | JPMorgan Chase Bank N.A. | 06/20/27 | BB+ | EUR | 66 | $5531 | $2620 | $2911 |
| CMBX.NA.9 | 2.00 | Monthly | Goldman Sachs International | 09/17/58 | N/R | USD | 65 | (4274)<br>| (1126)<br>| (3148)<br>|
| CMBX.NA.9 | 2.00 | Monthly | Goldman Sachs International | 09/17/58 | N/R | USD | 74 | (4871)<br>| (1141)<br>| (3730)<br>|
|  |  |  |  |  |  |  |  | $(3614)<br>| $353 | $(3967)<br>|

---

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

<sup>(a)</sup> Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

<sup>(b)</sup> The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**OTC Interest Rate Swaps** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Rate* | *Frequency* | *Counterparty* | *Effective* <br>*Date*<br>| *Termination* <br>*Date*<br>| *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| 8.62% | At Termination | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| At Termination | JPMorgan Chase Bank N.A. | N/A | &nbsp;&nbsp; 11/05/25 | COP | 7467468 | $12621 | $— | $12621 |
| 14.18% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/26 | BRL | 5183 | (692)<br>|  | (692)<br>|
| 14.74% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/26 | BRL | 1364 | 188 |  | 188 |
| 14.79% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/26 | BRL | 2967 | 232 |  | 232 |
| 14.87% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | Bank of America N.A. | N/A | &nbsp;&nbsp; 01/02/26 | BRL | 1376 | 37 |  | 37 |
| 14.90% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/26 | BRL | 817 | (2)<br>|  | (2)<br>|
| 14.95% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/26 | BRL | 386 | (17)<br>|  | (17)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 10.16% | At Termination | BNP Paribas SA | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 39 | (792)<br>|  | (792)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 10.32% | At Termination | Bank of America N.A. | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 97 | (1468)<br>|  | (1468)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 10.35% | At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 1 | (18)<br>|  | (18)<br>|
| 10.97% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 7976 | 93109 |  | 93109 |
| 11.57% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | BNP Paribas SA | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 3560 | 30952 |  | 30952 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 12.84% | At Termination | Citibank N.A. | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 353 | (1411)<br>|  | (1411)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.09% | At Termination | Bank of America N.A. | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 1627 | (5156)<br>|  | (5156)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 14.11% | At Termination | &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>| N/A | &nbsp;&nbsp; 01/04/27 | BRL | 2967 | (1101)<br>|  | (1101)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 14.17% | At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 320 | 21 |  | 21 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 14.20% | At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 151 | 2 |  | 2 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 14.55% | At Termination | Bank of America N.A. | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 2838 | 3135 |  | 3135 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 14.58% | At Termination | Bank of America N.A. | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 405 | 540 |  | 540 |
| 15.41% | At Termination | &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | Citibank N.A. | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 3869 | (20210)<br>|  | (20210)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 9.79% | At Termination | BNP Paribas SA | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 10929 | (205052)<br>|  | (205052)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 9.99% | At Termination | Citibank N.A. | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 2 | (41)<br>|  | (41)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 10.00% | At Termination | Bank of America N.A. | N/A | &nbsp;&nbsp; 01/04/27 | BRL | 2 | (47)<br>|  | (47)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 12.44% | At Termination | JPMorgan Chase Bank N.A. | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 11718 | (74429)<br>|  | (74429)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 12.95% | At Termination | Bank of America N.A. | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 3383 | (7105)<br>|  | (7105)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.00% | At Termination | BNP Paribas SA | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 30000 | (53332)<br>|  | (53332)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.00% | At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 6057 | (10667)<br>|  | (10667)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.00% | At Termination | Bank of America N.A. | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 3937 | (6934)<br>|  | (6934)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.12% | At Termination | Bank of America N.A. | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 15813 | (16614)<br>|  | (16614)<br>|

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**OTC Interest Rate Swaps (continued)**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Rate* | *Frequency* | *Counterparty* | *Effective*<br> *Date*<br>| *Termination*<br> *Date*<br>| *Notional*<br> *Amount (000)* | *Notional*<br> *Amount (000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.15% | At Termination | &nbsp;&nbsp;&nbsp; Goldman Sachs <br> International<br>| N/A | &nbsp;&nbsp; 01/02/29 | BRL | 2233 | $(2406)<br>| $— | $(2406)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.31% | At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 409 | 51 |  | 51 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.33% | At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 1222 | (77)<br>|  | (77)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.34% | At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 866 | 494 |  | 494 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.34% | At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 6167 | 1611 |  | 1611 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.35% | At Termination | Bank of America N.A. | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 2120 | 622 |  | 622 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.42% | At Termination | Bank of America N.A. | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 1459 | 1118 |  | 1118 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.43% | At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 562 | 388 |  | 388 |
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 14.03% | At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/29 | BRL | 2135 | 11744 |  | 11744 |
| 8.73% | Semi-Annual | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Semi-Annual | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| N/A | &nbsp;&nbsp; 01/14/30 | COP | 1037589 | (789)<br>|  | (789)<br>|
| 8.78% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| N/A | &nbsp;&nbsp; 01/14/30 | COP | 357248 | (427)<br>|  | (427)<br>|
| 8.64% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| N/A | &nbsp;&nbsp; 04/04/30 | COP | 3981178 | 1030 |  | 1030 |
| 8.23% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | Barclays Bank PLC | N/A | &nbsp;&nbsp; 09/17/30 | COP | 4536357 | 22146 |  | 22146 |
| 8.58% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | Barclays Bank PLC | N/A | &nbsp;&nbsp; 09/17/30 | COP | 2085510 | 2746 |  | 2746 |
| 8.64% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| N/A | &nbsp;&nbsp; 09/17/30 | COP | 1246393 | 804 |  | 804 |
| 8.67% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | Bank of America N.A. | N/A | &nbsp;&nbsp; 09/17/30 | COP | 1249692 | 418 |  | 418 |
| 8.68% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | JPMorgan Chase Bank N.A. | N/A | &nbsp;&nbsp; 09/17/30 | COP | 2101922 | 595 |  | 595 |
| 8.74% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | Barclays Bank PLC | N/A | &nbsp;&nbsp; 09/17/30 | COP | 2104234 | (818)<br>|  | (818)<br>|
| 8.86% | Quarterly | &nbsp;&nbsp;&nbsp; 1-day COOIS, <br> 8.73%<br>| Quarterly | Barclays Bank PLC | N/A | &nbsp;&nbsp; 09/17/30 | COP | 589474 | (960)<br>|  | (960)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.04% | At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/31 | BRL | 7387 | (21749)<br>|  | (21749)<br>|
| &nbsp;&nbsp;&nbsp; 1-day BZDIOVER, <br> 0.06%<br>| At Termination | 13.48% | At Termination | Barclays Bank PLC | N/A | &nbsp;&nbsp; 01/02/31 | BRL | 337 | 555 |  | 555 |
|  |  |  |  |  |  |  |  |  | $(247155)<br>| $— | $(247155)<br>|

---

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Fair Value Hierarchy as of Period End (continued)**

inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $79316498 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $79316498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp; 93468 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 93468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23667 | &nbsp;&nbsp;&nbsp;&nbsp; 23667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp; 188739 | &nbsp;&nbsp;&nbsp;&nbsp; 184744 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 373483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 440443 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 440443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 164062 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 164062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 258059 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 258059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp; 200519 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 200519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp; 10219415 | &nbsp;&nbsp;&nbsp;&nbsp; 485897 | &nbsp;&nbsp;&nbsp;&nbsp; 1485727 | &nbsp;&nbsp;&nbsp;&nbsp; 12191039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argentina | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 555700 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 555700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4314923 | &nbsp;&nbsp;&nbsp;&nbsp; 687893 | &nbsp;&nbsp;&nbsp;&nbsp; 5002816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 163405 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 163405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2061197 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2061197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4701692 | &nbsp;&nbsp;&nbsp;&nbsp; 940815 | &nbsp;&nbsp;&nbsp;&nbsp; 5642507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1470775 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1470775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1690272 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1690272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colombia | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1271571 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1271571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Czech Republic | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1801285 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1801285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 232738 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 232738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finland | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 595801 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 595801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18412822 | &nbsp;&nbsp;&nbsp;&nbsp; 747399 | &nbsp;&nbsp;&nbsp;&nbsp; 19160221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp; 235528 | &nbsp;&nbsp;&nbsp;&nbsp; 8099931 | &nbsp;&nbsp;&nbsp;&nbsp; 449586 | &nbsp;&nbsp;&nbsp;&nbsp; 8785045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 630888 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 630888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1338440 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1338440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hungary | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 211524 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 211524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8667811 | &nbsp;&nbsp;&nbsp;&nbsp; 1205820 | &nbsp;&nbsp;&nbsp;&nbsp; 9873631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3697683 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3697683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 786286 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 786286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Israel | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 507217 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 507217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp; 215004 | &nbsp;&nbsp;&nbsp;&nbsp; 9992298 | &nbsp;&nbsp;&nbsp;&nbsp; 423687 | &nbsp;&nbsp;&nbsp;&nbsp; 10630989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamaica | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4262 | &nbsp;&nbsp;&nbsp;&nbsp; 4262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3657976 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3657976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jersey | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 459851 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 459851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Luxembourg | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3472065 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3472065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macau | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2365776 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2365776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5305556 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5305556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morocco | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 441866 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 441866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6156807 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6156807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nigeria | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 200375 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 200375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 256111 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 256111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philippines | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1275200 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1275200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 353320 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 353320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1538134 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1538134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 448141 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 448141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Slovenia | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 236568 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 236568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 641516 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 641516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1036672 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1036672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp; 106038 | &nbsp;&nbsp;&nbsp;&nbsp; 1660102 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1766140 |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

**Fair Value Hierarchy as of Period End (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1307703 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1307703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1712076 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1712076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1528339 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1528339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkey | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 406798 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 406798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ukraine | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 771117 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 771117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 607634 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 607634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17851601 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17851601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 127677227 | &nbsp;&nbsp;&nbsp;&nbsp; 7165485 | &nbsp;&nbsp;&nbsp;&nbsp; 134842712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uzbekistan | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 421458 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 421458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venezuela | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 67978 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 67978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vietnam | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 669978 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 669978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 363880 | &nbsp;&nbsp;&nbsp;&nbsp; 363880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Floating Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20850424 | &nbsp;&nbsp;&nbsp;&nbsp; 5398561 | &nbsp;&nbsp;&nbsp;&nbsp; 26248985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 250340210 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 250340210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grantor Trust | &nbsp;&nbsp; 2685930 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2685930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp; 14325155 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14325155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10240043 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10240043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Mortgage-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 109191620 | &nbsp;&nbsp;&nbsp;&nbsp; 2148794 | &nbsp;&nbsp;&nbsp;&nbsp; 111340414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12809587 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12809587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp; 118269 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6574137 | &nbsp;&nbsp;&nbsp;&nbsp; 6692406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Sponsored Agency Securities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 145584448 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 145584448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3923737 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3923737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrants  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp; 6145 | &nbsp;&nbsp;&nbsp;&nbsp; 68 | &nbsp;&nbsp;&nbsp;&nbsp; 356123 | &nbsp;&nbsp;&nbsp;&nbsp; 362336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venezuela | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4867645 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4867645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 4060769 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4060769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options Purchased  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 923 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; 288689 | &nbsp;&nbsp;&nbsp;&nbsp; 3748 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 292437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 151499 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 151499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; 3500 | &nbsp;&nbsp;&nbsp;&nbsp; 159373 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 162873 |
| &nbsp;&nbsp;&nbsp; Unfunded Floating Rate Loan Interests<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Unfunded Floating Rate Loan Interests<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2096)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2096)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TBA Sale Commitments | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2915167)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2915167)<br>|
|  | &nbsp;&nbsp; $32747168 | &nbsp;&nbsp;&nbsp;&nbsp; $889802065 | &nbsp;&nbsp;&nbsp;&nbsp; $27973740 | &nbsp;&nbsp;&nbsp;&nbsp; $950522973 |
| Derivative Financial Instruments<sup>(b)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $267995 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $267995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; 229923 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 229923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2808436 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2808436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; 2269979 | &nbsp;&nbsp;&nbsp;&nbsp; 9816114 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12086093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22100 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22100 |
| &nbsp;&nbsp;&nbsp; Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (317236)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (317236)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; (416604)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (22804)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (439408)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3271434)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3271434)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; (1088847)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4030464)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5119311)<br>|
|  | &nbsp;&nbsp; $994451 | &nbsp;&nbsp;&nbsp;&nbsp; $5272707 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $6267158 |

---

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

<sup>(a)</sup> Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.

<sup>(b)</sup> Derivative financial instruments are swaps, futures contracts, forward foreign currency exchange contracts and options written. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument and options written are shown at value. 

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

A reconciliation of Level 3 financial instruments is presented when the Fund had a significant amount of Level 3 investments and derivative financial instruments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | *Common* <br>*Stocks*<br>| *Corporate* <br>*Bonds*<br>| *Fixed* <br>*Rate Loan* <br>*Interests*<br>| *Floating* <br>*Rate Loan* <br>*Interests*<br>| *Non-Agency* <br>*Mortgage-Backed* <br>*Securities* <br>| *Preferred* <br>*Stocks* <br>| *Unfunded Floating* <br>*Rate Loan* <br>*Interests*<br>|
| **Assets** |  |  |  |  |  |  |  |
| Opening balance, as of December 31, 2024 | &nbsp;&nbsp; $1358458 | $9398057 | 623814 | $4929660 | $1861345 | $5274813 | (6427)<br>|
| Transfers into Level 3 | &nbsp;&nbsp; — | 723600 |  | 91733 |  |  |  |
| Transfers out of Level 3 | &nbsp;&nbsp; — |  |  | (400070)<br>|  |  |  |
| Accrued discounts/premiums | &nbsp;&nbsp; — | 67843 | 349 | 4878 | 29703 |  |  |
| Net realized gain (loss) | &nbsp;&nbsp; — | (120456)<br>| (422)<br>| 2224 |  |  |  |
| Net change in unrealized appreciation (depreciation)<sup>(a)</sup> | &nbsp;&nbsp; (28086)<br>| (85160)<br>| (24669)<br>| (38872)<br>| 1873 | 1129264 | 4331 |
| Purchases | &nbsp;&nbsp; 399887 | 4569952 | 2930 | 1777029 | 407825 | 1180518 |  |
| Sales | &nbsp;&nbsp; (220865)<br>| (2928889)<br>| (238122)<br>| (968021)<br>| (151952)<br>| (1010458)<br>|  |
| Closing balance, as of September 30, 2025 | &nbsp;&nbsp; $1509394 | $11624947 | 363880 | $5398561 | $2148794 | $6574137 | (2096)<br>|
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments still held at <br> September 30, 2025<sup>(a)</sup><br>| &nbsp;&nbsp; $(28086)<br>| $34945 | (22494)<br>| $(36842)<br>| $1873 | $1122662 | 4331 |

---

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

---

| | | |
|:---|:---|:---|
|  | *Warrants* | *Total*  |
| **Assets** |  |  |
| Opening balance, as of December 31, 2024 | &nbsp;&nbsp; $196655 | $23636375 |
| Transfers into Level 3 | &nbsp;&nbsp; 129056 | 944389 |
| Transfers out of Level 3 | &nbsp;&nbsp; — | (400070)<br>|
| Accrued discounts/premiums | &nbsp;&nbsp; — | 102773 |
| Net realized gain (loss) | &nbsp;&nbsp; — | (118654)<br>|
| Net change in unrealized appreciation (depreciation)<sup>(a)</sup> | &nbsp;&nbsp; 30412 | 989093 |
| Purchases | &nbsp;&nbsp; — | 8338141 |
| Sales | &nbsp;&nbsp; — | (5518307)<br>|
| Closing balance, as of September 30, 2025 | &nbsp;&nbsp; $356123 | $27973740 |
| Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2025<sup>(a)</sup> | &nbsp;&nbsp; $30421 | $1106810 |

---

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

<sup>(a)</sup> Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at September 30, 2025 is generally due to investments no longer held or categorized as Level 3 at period end. 

The following table summarizes the valuation approaches used and unobservable inputs utilized by the Valuation Committee to determine the value of certain of the Fund's Level 3 financial instruments as of period end. The table does not include Level 3 financial instruments with values based upon unadjusted third-party pricing information in the amount of $4,133,428.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | *Value* | &nbsp;&nbsp;&nbsp; *Valuation* <br>*Approach*<br>| &nbsp;&nbsp;&nbsp; *Unobservable* <br>*Inputs*<br>| &nbsp;&nbsp;&nbsp; *Range of* <br>*Unobservable* <br>*Inputs* <br>*Utilized*<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; *Weighted* <br>*Average of* <br>*Unobservable* <br>*Inputs Based* <br>*on Fair Value* <br>|
| **Assets** |  |  |  |  |  |
| Common Stock | &nbsp;&nbsp; $1338885 | Market | EBITDA Multiple | 16.00x - 27.54x | 22.18x |
|  |  |  | Revenue Multiple | 10.00x - 15.12x | 11.41x |
|  |  | Income | Discount Rate | 15% |  |
| Corporate Bonds | &nbsp;&nbsp; 10848846 | Income | Discount Rate | 7% - 21% | 12% |
| Floating Rate Loan Interests | &nbsp;&nbsp; 4756799 | Income | Discount Rate | 9% - 16% | 11% |
| Preferred Stocks | &nbsp;&nbsp; 6530659 | Market | Revenue Multiple | 3.25x - 30.17x | 20.06x |
|  |  |  | Time to Exit | 1.0 - 3.0 years | 2.7 years |
|  |  |  | Volatility | 48% - 80% | 53% |
|  |  |  | Market Adjustment Multiple | 0.20x |  |
|  |  | Income | Discount Rate | 10% - 15% | 13% |

---

Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | *Value* | &nbsp;&nbsp;&nbsp; *Valuation*<br> *Approach*<br>| &nbsp;&nbsp;&nbsp; *Unobservable*<br> *Inputs*<br>| &nbsp;&nbsp;&nbsp; *Range of*<br> *Unobservable*<br> *Inputs*<br> *Utilized*<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; *Weighted*<br> *Average of*<br> *Unobservable*<br> *Inputs Based*<br> *on Fair Value* <br>|
| Warrants | &nbsp;&nbsp; 365123 | Market | Revenue Multiple | 1.04x - 10.25x | 9.28x |
|  |  |  | Volatility | 30% - 48% | 41% |
|  |  |  | Time to Exit | 3.0 - 9.6 years | 5.2 years |
|  | &nbsp;&nbsp; $23840312 |  |  |  |  |

---

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

<sup>(a)</sup> A significant change in unobservable input could result in a correlated or inverse change in value.

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

---

| | |
|:---|:---|
| **Currency Abbreviation**  | **Currency Abbreviation**  |
| ARS | Argentine Peso |
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| CAD | Canadian Dollar |
| CHF | Swiss Franc |
| CLP | Chilean Peso |
| CNH | Chinese Yuan |
| CNY | Chinese Yuan |
| COP | Colombian Peso |
| CZK | Czech Koruna |
| DKK | Danish Krone |
| DOP | Dominican Peso |
| EGP | Egyptian Pound |
| EUR | Euro |
| GBP | British Pound |
| HKD | Hong Kong Dollar |
| HUF | Hungarian Forint |
| IDR | Indonesian Rupiah |
| INR | Indian Rupee |
| JPY | Japanese Yen |
| KRW | South Korean Won |
| MXN | Mexican Peso |
| MYR | Malaysian Ringgit |
| NGN | Nigerian Naira |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| PEN | Peru Nuevo Sol |
| PHP | Philippine Peso |
| PLN | Polish Zloty |
| RON | Romanian Leu |
| SEK | Swedish Krona |

---

---

| | |
|:---|:---|
| **Currency Abbreviation (continued)** | **Currency Abbreviation (continued)** |
| SGD | Singapore Dollar |
| THB | Thai Baht |
| TRY | Turkish Lira |
| TWD | New Taiwan Dollar |
| USD | United States Dollar |
| UYU | Uruguayan Peso |
| ZAR | South African Rand |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| ABS | Asset-Backed Security |
| ADR | American Depositary Receipt |
| AGM | Assured Guaranty Municipal Corp. |
| AMT | Alternative Minimum Tax |
| ARB | Airport Revenue Bonds  |
| BBSW | Bank Bill Swap Rate |
| BUBOR | Budapest Interbank Offered Rate |
| BZDIOVER | Overnight Brazil Interbank Deposit (CETIP) |
| CDC | Certificate of Deposit Rate |
| CLO | Collateralized Loan Obligation |
| CME | Chicago Mercantile Exchange  |
| CMT | Constant Maturity Treasury |
| COOIS | Columbia Overnight Interbank Reference Rate |
| CVR | Contingent Value Right |
| DAC | Designated Activity Company  |
| DIP | Debtor-In-Possession |
| ESTR | Euro Short Term Rate |
| ETF | Exchange-Traded Fund |
| EURIBOR | Euro Interbank Offered Rate |
| FREMF | Freddie Mac Multifamily Securities |
| GO | General Obligation Bonds |
| GOL | General Obligation Ltd. |
| JIBAR | Johannesburg Interbank Average Rate |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Strategic Global Bond Fund, Inc.**

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| KOSPI | Korea Composite Stock Price Index |
| M/F | Multi-Family |
| MIBOR | Mumbai Interbank Offered Rate |
| MSCI | Morgan Stanley Capital International |
| PCL | Public Company Limited |
| PIK | Payment-in-Kind |
| PIPE | Private Investment in Public Equity |
| PRIBOR | Prague Interbank Offer Rate |
| PSF | Permanent School Fund |
| RB | Revenue Bonds |
| S&P | Standard & Poor's |
| SAB | Special Assessment Bonds |
| SAN | State Aid Notes  |
| SAW | State Aid Withholding |
| SCA | Societe en Commandite par Actions |
| SOFR | Secured Overnight Financing Rate  |
| SONIA | Sterling Overnight Interbank Average Rate |
| SPDR | Standard & Poor's Depository Receipt  |
| TAIBOR | Taipei Interbank Offered Rate |
| TBA | To-Be-Announced |
| THOR | Thai Overnight Repurchase Rate |
| TIIEFONDEO | MXN - Overnight TIIE Funding Rate  |
| WIBOR | Warsaw Interbank Offered Rate |

---

Schedule of Investments

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Strategic Global Bond Fund, Inc.

- **b. Investment Company Act file number:** 811-05603

- **c. CIK number of Registrant:** 0000835620

- **d. LEI of Registrant:** WLNAPPG3EBO2UQ0EB806

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

  - **Street Address 1:** 100 BELLEVUE PARKWAY

  - **City:** WILMINGTON

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock Strategic Global Bond Fund, Inc.

- **b. EDGAR series identifier (if any):** S000002866

- **c. LEI of Series:** WLNAPPG3EBO2UQ0EB806

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $998824525.67

**Total Liabilities:** $115498130.47

**Net Assets:** $883326395.20

**Amount of Assets Invested in Other Investment Companies:** $3701263.55

**Delayed Delivery Securities:** $12357129.19

**Cash Not Reported:** $22724421.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 24730.71000000 | **1-Year:** 8226.03000000 | **5-Year:** 84789.34000000 | **10-Year:** 102587.92000000 | **30-Year:** 54701.13000000

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

- **3-Month:** 3031.22000000 | **1-Year:** 39059.67000000 | **5-Year:** 153479.49000000 | **10-Year:** 57777.70000000 | **30-Year:** 16156.23000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007882 | -1.28%               | 1.49%                | 1.12%                |
| Class ID C000038980 | -1.37%               | 1.41%                | 1.04%                |
| Class ID C000007879 | -1.31%               | 1.66%                | 0.91%                |
| Class ID C000162768 | -1.28%               | 1.69%                | 0.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5161077.28              | $-16867554.85                              |
| Month 2  | $1853959.62              | $9323275.95                                |
| Month 3  | $4451465.95              | $2299065.16                                |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| STANDARD CHARTERED BANK                                            | CNH/INR One-touch barrier option; Barrier price CNH 11.90000                     | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | LU        |      252000 | OU      | $416.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                        | USD/JPY One-touch barrier option; Barrier price USD 137.00000                    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |       82000 | OU      | $1148.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                           | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |       85000 | PA      | $82504.40     | 0.01%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                          | Sunoco LP                                                                        | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |      135000 | PA      | $137120.85    | 0.02%             | 2030-09-18      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | SWAP/CDSWAP/SCDS: (CS)                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | XX        |       63000 | OU      | $-1447.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tele Columbus AG                                                   | Tele Columbus AG                                                                 | CUSIP: 000000000<br>LEI: 3912004GMFDLY04RUQ19 | Long             | DBT              | CORP              | DE        |      111783 | PA      | $88436.65     | 0.01%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| NOBIAN FINANCE BV                                                  | Nobian Finance BV 2025 EUR Term Loan B                                           | CUSIP: 000000000<br>LEI: 254900ZGJ6MMZN9IQQ31 | Long             | LON              | CORP              | NL        |     1000000 | PA      | $1160478.64   | 0.13%             | 2030-07-01      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                                            | Hungary Government Bond                                                          | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   363670000 | PA      | $1105526.32   | 0.13%             | 2035-10-24      | Fixed         | 7.00%                 | No            |                  2 | 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        |      230000 | PA      | $204483.97    | 0.02%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJXW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       16502 | PA      | $14992.83     | 0.00%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                | JPMorgan Chase & Co                                                              | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |       71000 | PA      | $73604.42     | 0.01%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| VF UKRAINE (VFU FUNDING)                                           | VF Ukraine PAT via VFU Funding PLC                                               | CUSIP: 918212AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | UA        |      150045 | PA      | $142542.77    | 0.02%             | 2027-02-11      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                               | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  5891000000 | PA      | $366969.32    | 0.04%             | 2030-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                                              | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | ZA        |           1 | NC      | $-922.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                                            | Studio City Finance Ltd                                                          | CUSIP: 000000000<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |      488000 | PA      | $470432.00    | 0.05%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                           | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       83000 | PA      | $79770.55     | 0.01%             | 2030-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140HH6H3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        2130 | PA      | $2109.02      | 0.00%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                        | SWP: OIS 13.148000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | US        |     2233500 | OU      | $-2406.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                             | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAA7<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |       75000 | PA      | $75000.00     | 0.01%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Winchester PLC                                                     | Winchester 1 PLC                                                                 | CUSIP: 000000000<br>LEI: 213800AWJGG72JJNBW66 | Long             | ABS-MBS          | CORP              | GB        |      100000 | PA      | $135169.52    | 0.02%             | 2056-10-21      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| ILIAD SA                                                           | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |      200000 | PA      | $252114.61    | 0.03%             | 2030-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                                           | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       99000 | PA      | $95204.47     | 0.01%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                               | Bank of America Corp                                                             | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      467000 | PA      | $481983.84    | 0.05%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140HMP40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        2192 | PA      | $2176.16      | 0.00%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED PLN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | PL        |           1 | NC      | $1862.21      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QUVV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      490313 | PA      | $506853.58    | 0.06%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                   | Deutsche Bank AG                                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |      200000 | PA      | $256433.80    | 0.03%             | 2029-10-30      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMY58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      147801 | PA      | $120620.21    | 0.01%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED INR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | IN        |           1 | NC      | $-47310.43    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Mortimer BTL                                                       | Mortimer BTL 2021-1 PLC                                                          | CUSIP: 000000000<br>LEI: 213800XP3NPPV83PMY32 | Long             | ABS-MBS          | CORP              | GB        |      100000 | PA      | $134572.39    | 0.02%             | 2053-06-23      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                           | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       37000 | PA      | $35430.25     | 0.00%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31417AYD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       25391 | PA      | $24694.70     | 0.00%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 13.105000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      864256 | OU      | $-515.30      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                   | T-Mobile USA Inc                                                                 | CUSIP: 87264ADB8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      973000 | PA      | $972983.33    | 0.11%             | 2054-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ESSENDI SA                                                         | Essendi SA                                                                       | CUSIP: 000000000<br>LEI: 2221000MD2YP7WLTNC52 | Long             | DBT              | CORP              | LU        |      300000 | PA      | $363164.29    | 0.04%             | 2032-05-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                   | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE                             | CUSIP: 650028A86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      330000 | PA      | $347548.80    | 0.04%             | 2046-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                           | Performance Food Group Inc                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |      100000 | PA      | $102431.10    | 0.01%             | 2032-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                                    | Republic Finance Issuance Trust 2024-B                                           | CUSIP: 76042GAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      424000 | PA      | $431745.34    | 0.05%             | 2037-11-20      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| EUROBANK SA                                                        | Eurobank SA                                                                      | CUSIP: 000000000<br>LEI: 213800KGF4EFNUQKAT69 | Long             | DBT              | CORP              | GR        |      100000 | PA      | $117994.91    | 0.01%             | 2036-02-07      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                | Delta Air Lines Inc                                                              | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |      940000 | PA      | $951407.89    | 0.11%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.269700 17-SEP-2030 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    11923763 | OU      | $5.16         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                                   | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |           1 | NC      | $-1271.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 13.470000 02-JAN-2031 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      567195 | OU      | $943.57       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LETRA TESOURO NACIONAL                                             | Brazil Letras do Tesouro Nacional                                                | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     4087000 | PA      | $741439.47    | 0.08%             | 2026-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FIGEAC AERO SA                                                     | FIGEAC AERO SA                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |      340000 | PA      | $398179.28    | 0.05%             | 2030-07-23      | Fixed         | 7.79%                 | Yes           |                  3 | On Loan: No      |
| DP WORLD SALAAM                                                    | DP World Salaam                                                                  | CUSIP: 000000000<br>LEI: 549300SUYBT9X88E9435 | Long             | DBT              | CORP              | KY        |      400000 | PA      | $400072.00    | 0.05%             | 2025-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                               | Colombian TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 15877900000 | PA      | $3780430.68   | 0.43%             | 2027-11-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                               | Flutter Treasury DAC                                                             | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |      215000 | PA      | $252950.74    | 0.03%             | 2031-06-04      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                               | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      100000 | PA      | $102087.00    | 0.01%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ISHARES CHINA LARGE-CAP ETF                                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         516 | NC      | $26058.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RITCHIE BROS HLDGS INC                                             | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |      132000 | PA      | $138059.20    | 0.02%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.210000 17-SEP-2030 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    17516671 | OU      | $-125.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FLEXSYS HOLDINGS INC                                               | Flexsys Holdings Inc 2025 Second Out Refinancing Term Loan                       | CUSIP: 000000000<br>LEI: 984500KE15B085F09569 | Long             | LON              | CORP              | US        |       86572 | PA      | $28027.85     | 0.00%             | 2029-08-01      | Floating      | 9.71%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | SWP: OIS 12.945000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |     3382944 | OU      | $-7105.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140X83C9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       13563 | PA      | $12835.21     | 0.00%             | 2045-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                            | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |      228000 | PA      | $239057.02    | 0.03%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QQFA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       65788 | PA      | $60493.07     | 0.01%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SONDER 1L PIK NOTES 7 12/10/27                                     | SONDER 1L PIK NOTES 7 12/10/27                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      935137 | PA      | $701352.41    | 0.08%             | 2027-12-10      | Fixed         | 7.00%                 | No            |                  3 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $-15745.13    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED USD / SOLD CZK                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $-50875.61    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                                 | Morocco Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |      203000 | PA      | $245491.79    | 0.03%             | 2035-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LETRA TESOURO NACIONAL                                             | Brazil Letras do Tesouro Nacional                                                | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     2328000 | PA      | $422332.05    | 0.05%             | 2026-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                  | EURO-BOBL FUTURE DEC25                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -205 | NC      | $-17045.01    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                                | JPMorgan Chase & Co                                                              | CUSIP: 000000000<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      813000 | PA      | $843558.65    | 0.10%             | 2032-11-04      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD ZAR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $-118807.42   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED PEN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | PE        |           1 | NC      | $8877.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                           | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      804000 | PA      | $771840.00    | 0.09%             | 2026-08-15      | Fixed         | 4.13%                 | No            |                  3 | On Loan: No      |
| Ukraine Government International Bonds                             | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       22000 | PA      | $12067.00     | 0.00%             | 2035-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| PACHELBEL BIDCO SPA                                                | Pachelbel Bidco SpA                                                              | CUSIP: 000000000<br>LEI: 8156005DA07CDD50CC46 | Long             | DBT              | CORP              | IT        |      118000 | PA      | $149263.55    | 0.02%             | 2031-05-17      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                             | OKLAHOMA ST CAPITOL IMPT AUTH ST HIGHWAY CAP IMPT REVENUE                        | CUSIP: 678514EM8<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |      235000 | PA      | $250314.46    | 0.03%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                                   | SoFi Consumer Loan Program 2025-2 Trust                                          | CUSIP: 83407HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2238494 | PA      | $2250182.20   | 0.25%             | 2034-06-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Avoca CLO                                                          | Avoca CLO XXII DAC                                                               | CUSIP: 000000000<br>LEI: 5493000BN1WPGQDK4X78 | Long             | ABS-CBDO         | CORP              | IE        |      100000 | PA      | $116814.07    | 0.01%             | 2035-04-15      | Floating      | 3.33%                 | No            |                  2 | On Loan: No      |
| SHINHAN FINANCIAL GROUP                                            | Shinhan Financial Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 988400EB8A6G49E5KO54 | Long             | DBT              | CORP              | KR        |      414000 | PA      | $408048.75    | 0.05%             | 2026-05-12      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                              | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       64086 | PA      | $54985.79     | 0.01%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179WG44<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      168061 | PA      | $150174.61    | 0.02%             | 2051-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 13.340000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |     6167000 | OU      | $1610.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MFB Magyar Fejlesztesi Bank Zrt                                    | MFB Magyar Fejlesztesi Bank Zrt                                                  | CUSIP: 000000000<br>LEI: 549300KCFVCFTUJZYT59 | Long             | DBT              | NUSS              | HU        |      200000 | PA      | $209876.00    | 0.02%             | 2028-06-29      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED NOK / SOLD CAD                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | NO        |           1 | NC      | $-3890.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                                      | UniCredit SpA                                                                    | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |      474000 | PA      | $559087.59    | 0.06%             | 2035-06-10      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.394500 17-SEP-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     7801527 | OU      | $-8982.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                        | BBCMS MORTGAGE TRUST 2017-C1                                                     | CUSIP: 07332VBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1200000 | PA      | $1168046.52   | 0.13%             | 2050-02-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                     | PURCHASED MXN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | MX        |           1 | NC      | $266080.17    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                         | Grifols SA                                                                       | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |      100000 | PA      | $123671.60    | 0.01%             | 2030-05-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 8.650000 07-FEB-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     9589419 | OU      | $-27672.94    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED USD / SOLD NOK                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | US        |           1 | NC      | $-4163.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CROWN AMER/CAP CORP V                                              | Crown Americas LLC / Crown Americas Capital Corp V                               | CUSIP: 22819KAB6<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |       72000 | PA      | $71640.14     | 0.01%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WESTBAY 4A2 NOTES                                                  | WESTBAY 4A2 NOTES                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1688000 | PA      | $1711294.40   | 0.19%             | 2030-02-06      | Fixed         | 11.00%                | No            |                  3 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJF94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         342 | PA      | $325.84       | 0.00%             | 2031-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AR        |           1 | NC      | $-1925.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                                           | ION Trading Technologies Sarl                                                    | CUSIP: 46205YAA9<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $196265.64    | 0.02%             | 2028-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COREWEAVE CONVERTIBLE PREF EQ                                      | COREWEAVE CONVERTIBLE PREF EQ                                                    | CUSIP: 000000000<br>LEI: 984500511DP2B6186053 | Long             | EP               | CORP              | US        |      418000 | NS      | $1145320.00   | 0.13%             |  |  |  | No            |                  3 | On Loan: No      |
| iShares J.P. Morgan USD Emerging Markets Bond ETF                  | iShares J.P. Morgan USD Emerging Markets Bond ETF                                | CUSIP: 464288281<br>LEI: 54930070R8WH6MNUJG74 | Long             | EC               | RF                | US        |       17814 | NS      | $1695714.66   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                                                             | EDP SA                                                                           | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | DBT              | CORP              | PT        |      100000 | PA      | $120703.23    | 0.01%             | 2054-09-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                              | Wells Fargo & Co                                                                 | CUSIP: 949746SH5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      689000 | PA      | $681997.13    | 0.08%             | 2026-10-23      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                                | Egypt Treasury Bills                                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | STIV             | NUSS              | EG        |     1800000 | PA      | $35108.09     | 0.00%             | 2025-12-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179RD71<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        8728 | PA      | $8139.75      | 0.00%             | 2045-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DM3L7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       37542 | PA      | $33270.36     | 0.00%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.105000 17-SEP-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    98299026 | OU      | $-739.23      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IRCA SPA/GALLARATE                                                 | Irca SpA/Gallarate                                                               | CUSIP: 000000000<br>LEI: 815600CDE52BA2426216 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $118250.85    | 0.01%             | 2029-12-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                             | US 2YR FUTR OPTN OCT25P 104                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          10 | NC      | $156.26       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA NA                                                 | USD/INR Down-and-out barrier option; Barrier price USD 85.05000                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | KY        |     2016500 | OU      | $354.90       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO                                                | Allegiant Travel Co                                                              | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |       88000 | PA      | $89094.07     | 0.01%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                                 | Ardonagh Finco Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |      318000 | PA      | $385900.10    | 0.04%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                              | Mexico Government International Bond                                             | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      408000 | PA      | $486197.86    | 0.06%             | 2034-03-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                           | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       94000 | PA      | $90527.66     | 0.01%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | FSWP: OIS 8.670000 17-SEP-2030 IBR                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  1249691981 | OU      | $418.33       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust                                       | DC Trust 2024-HLTN                                                               | CUSIP: 24022FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      750000 | PA      | $751195.58    | 0.09%             | 2040-04-13      | Variable      | 10.66%                | No            |                  2 | On Loan: No      |
| BRENNTAG FINANCE BV                                                | Brenntag Finance BV                                                              | CUSIP: 000000000<br>LEI: 724500LOJA6NM43PH951 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $233930.35    | 0.03%             | 2031-10-02      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                | JPMorgan Chase & Co                                                              | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     2540000 | PA      | $2624124.65   | 0.30%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0424A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      644000 | PA      | $643150.53    | 0.07%             | 2039-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Warner Bros Discovery Inc                                          | Warner Bros Discovery Inc                                                        | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |       14749 | NS      | $288047.97    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 31335BCD6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        7383 | PA      | $6898.06      | 0.00%             | 2047-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | USD P IDR C @16200.00 EO                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |    -3228271 | OU      | $-2133.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                  | MICHIGAN ST BLDG AUTH REVENUE                                                    | CUSIP: 594615PD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       75000 | PA      | $78220.07     | 0.01%             | 2050-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132QUZV8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         737 | PA      | $714.49       | 0.00%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                                                 | Aqua Finance Trust 2021-A                                                        | CUSIP: 03842VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       23198 | PA      | $21502.52     | 0.00%             | 2046-07-17      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| TUNISIAN REPUBLIC                                                  | Tunisian Republic                                                                | CUSIP: 000000000<br>LEI: 254900B5LFB16S9T2T11 | Long             | DBT              | NUSS              | TN        |      216000 | PA      | $252304.14    | 0.03%             | 2026-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                                                  | Cedar Funding II CLO Ltd                                                         | CUSIP: 15032TBU9<br>LEI: 254900Q56WTD2BRLBE32 | Long             | ABS-CBDO         | CORP              | KY        |     1000000 | PA      | $1004359.70   | 0.11%             | 2038-07-22      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: USD 3.870000 05-FEB-2028 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    10487600 | OU      | $122611.36    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MAGYAR EXPORT-IMPORT BAN                                           | Magyar Export-Import Bank Zrt                                                    | CUSIP: 000000000<br>LEI: 529900O4UGETQ9Q3AA63 | Long             | DBT              | NUSS              | HU        |      200000 | PA      | $253741.70    | 0.03%             | 2029-05-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 6.723300 17-SEP-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     4354560 | OU      | $-24.20       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 31427MKT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       66351 | PA      | $68133.65     | 0.01%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ALPHABET INC                                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |           8 | NC      | $8660.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ITG Communications LLC                                             | ITG Communications LLC Term Loan B                                               | CUSIP: 45045PAQ9<br>LEI: 254900KEJHK1L9G5Y190 | Long             | LON              | CORP              | US        |      457000 | PA      | $451004.16    | 0.05%             | 2031-07-09      | Floating      | 8.95%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                                                | Suzano Austria GmbH                                                              | CUSIP: 86964WAH5<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |      200000 | PA      | $201600.00    | 0.02%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                                     | Var Energi ASA                                                                   | CUSIP: 000000000<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |      250000 | PA      | $325460.76    | 0.04%             | 2083-11-15      | Fixed         | 7.86%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                             | Mosaic Solar Loan Trust 2023-4                                                   | CUSIP: 618934AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      194981 | PA      | $195808.21    | 0.02%             | 2053-05-20      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Commercial Mortgage Trust 2023-XL3                                            | CUSIP: 12434GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2148026 | PA      | $2150710.18   | 0.24%             | 2040-12-09      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 13.905000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      318726 | OU      | $-146.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                             | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |      195000 | PA      | $201915.69    | 0.02%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $64641.51     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                                           | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc            | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      153000 | PA      | $160979.41    | 0.02%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                                         | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |        5000 | PA      | $6619.73      | 0.00%             | 2035-03-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | TR        |           1 | NC      | $14621.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 31307UV47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        9425 | PA      | $9173.50      | 0.00%             | 2032-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                              | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |      200000 | PA      | $209500.00    | 0.02%             | 2032-04-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                | Petroleos Mexicanos                                                              | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      219000 | PA      | $222834.69    | 0.03%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                           | Standard Industries Inc/NY                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      133000 | PA      | $127517.69    | 0.01%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch Large Loan Inc                       | BAMLL Trust 2024-BHP                                                             | CUSIP: 05493WAA0<br>LEI: 5493001M1XQ4INMTAE48 | Long             | ABS-MBS          | CORP              | US        |      250000 | PA      | $250657.98    | 0.03%             | 2039-08-15      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WHXT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       22605 | PA      | $20603.63     | 0.00%             | 2046-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AME                  | Tiaa Clo III Ltd                                                                 | CUSIP: 87272HAA8<br>LEI: 54930043TEPI4UKGHU90 | Long             | ABS-CBDO         | CORP              | KY        |       57892 | PA      | $57913.04     | 0.01%             | 2031-01-16      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179WQA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      339246 | PA      | $292304.09    | 0.03%             | 2051-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3128M9GP1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        3699 | PA      | $3505.09      | 0.00%             | 2042-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                 | PURCHASED USD / SOLD ZAR                                                         | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |           1 | NC      | $-3533.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                                   | Trinitas CLO XII Ltd                                                             | CUSIP: 89641GAY8<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-CBDO         | CORP              | KY        |     1755000 | PA      | $1755929.45   | 0.20%             | 2033-04-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                              | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       29940 | PA      | $28682.73     | 0.00%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.730000 11-MAY-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    29665005 | OU      | $5621.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.000000 06-MAY-2029 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    25628400 | OU      | $522764.68    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| XEROX CORPORATION                                                  | Xerox Corp                                                                       | CUSIP: 984121CT8<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |      104000 | PA      | $100683.27    | 0.01%             | 2031-04-15      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| Mobico Group PLC                                                   | Mobico Group PLC                                                                 | CUSIP: 000000000<br>LEI: 213800A8IQEMY8PA5X34 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $92420.74     | 0.01%             | 2031-09-26      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                         | AbbVie Inc                                                                       | CUSIP: 00287YCB3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |      420000 | PA      | $353841.97    | 0.04%             | 2049-11-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                           | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |       70000 | PA      | $72355.64     | 0.01%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31417F2C1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         939 | PA      | $923.11       | 0.00%             | 2028-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WINTERSHALL DEA FIN 2BV                                            | Wintershall Dea Finance 2 BV                                                     | CUSIP: 000000000<br>LEI: 529900DV88FUQZSVVL48 | Long             | DBT              | CORP              | NL        |      203000 | PA      | $249057.24    | 0.03%             | 2030-05-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0204A4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      704000 | PA      | $646868.81    | 0.07%             | 2040-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Mila B.V.                                                          | Mila 2024-1 BV                                                                   | CUSIP: 000000000<br>LEI: 7245000GAIRCK7Y7VJ68 | Long             | ABS-O            | CORP              | NL        |      141697 | PA      | $166704.55    | 0.02%             | 2041-09-16      | Floating      | 2.61%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                     | SWAP/CDSWAP/SCDS: (CS)                                                           | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DCR              |  | XX        |      100000 | OU      | $-2298.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                                   | Aretec Group Inc                                                                 | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |      121000 | PA      | $131829.86    | 0.01%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                             | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      150000 | PA      | $163308.48    | 0.02%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| EIS Group Inc                                                      | EIS Group Inc Revolver                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       53178 | PA      | $51385.42     | 0.01%             | 2028-07-10      | Floating      | 11.16%                | No            |                  3 | On Loan: No      |
| SS&C Technologies Inc                                              | SS&C Technologies Inc                                                            | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |       23000 | PA      | $22960.27     | 0.00%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                           | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      100000 | PA      | $105166.40    | 0.01%             | 2032-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ESSENDI SA                                                         | Essendi SA                                                                       | CUSIP: 000000000<br>LEI: 2221000MD2YP7WLTNC52 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $236824.17    | 0.03%             | 2032-05-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                                                 | MCR 2024-TWA Mortgage Trust                                                      | CUSIP: 582923AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      235000 | PA      | $238957.40    | 0.03%             | 2039-06-12      | Fixed         | 8.73%                 | No            |                  2 | On Loan: No      |
| ATOS SE                                                            | Atos SE                                                                          | CUSIP: 000000000<br>LEI: 5493001EZOOA66PTBR68 | Long             | SN               | CORP              | FR        |       71027 | PA      | $78641.65     | 0.01%             | 2030-12-18      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                                          | College Ave Student Loans Trust 2024-A                                           | CUSIP: 19424RAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      323033 | PA      | $327709.94    | 0.04%             | 2054-06-25      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                   | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |      144000 | PA      | $146927.81    | 0.02%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                      | Citigroup Inc                                                                    | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      670000 | PA      | $678629.73    | 0.08%             | 2029-03-04      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                                     | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |       12000 | PA      | $12215.71     | 0.00%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WC7G2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1859 | PA      | $1826.80      | 0.00%             | 2029-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418CET7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1743 | PA      | $1662.41      | 0.00%             | 2031-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418DTQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      259261 | PA      | $211035.49    | 0.02%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.220000 17-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1051183 | OU      | $244.06       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                                 | Viking Cruises Ltd                                                               | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |      159000 | PA      | $159803.43    | 0.02%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                                        | Exelon Corp                                                                      | CUSIP: 30161NBH3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |      104000 | PA      | $81322.40     | 0.01%             | 2052-03-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $-69945.78    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY                                                            | Hungary Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      131000 | PA      | $158096.35    | 0.02%             | 2029-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 31307U5V6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        7021 | PA      | $6840.62      | 0.00%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                     | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM4                         | CUSIP: 617945AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1308837 | PA      | $1319746.96   | 0.15%             | 2070-06-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| WOM NEW HOLDCO COMMON                                              | WOM NEW HOLDCO COMMON                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        1029 | NS      | $23667.00     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QQWF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       78591 | PA      | $81039.22     | 0.01%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED USD / SOLD INR                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |           1 | NC      | $25079.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED KRW / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | KR        |           1 | NC      | $-4501.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Braccan Mortgage Funding                                           | Braccan Mortgage Funding 2024-1 PLC                                              | CUSIP: 000000000<br>LEI: 635400RGKRFPCFMYJF13 | Long             | ABS-MBS          | CORP              | GB        |      367227 | PA      | $495751.38    | 0.06%             | 2067-02-15      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Meritage Homes Corp                                                | Meritage Homes Corp                                                              | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |        2317 | NS      | $167820.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Quarzo Srl                                                         | Quarzo Srl                                                                       | CUSIP: 000000000<br>LEI: 815600702F68B2ED0B22 | Long             | ABS-O            | CORP              | IT        |       79893 | PA      | $94658.02     | 0.01%             | 2041-06-15      | Floating      | 3.61%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                                    | IHS Holding Ltd                                                                  | CUSIP: 44963HAB1<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      200000 | PA      | $200375.00    | 0.02%             | 2028-11-29      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                      | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |      131000 | PA      | $137526.42    | 0.02%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| E.ON SE                                                            | E.ON SE                                                                          | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | DBT              | CORP              | DE        |      792000 | PA      | $933582.92    | 0.11%             | 2040-01-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                | American Express Co                                                              | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |      250000 | PA      | $254352.09    | 0.03%             | 2033-07-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                   | 5Y RTR 3.000000 30-SEP-2025                                                      | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DIR              |  | US        |   -30823000 | OU      | $-0.31        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | SWP: OIS 13.000000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |     3937030 | OU      | $-6933.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | TR        |           1 | NC      | $569.55       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Funding                                                      | Atlas Funding 2023-1 PLC                                                         | CUSIP: 000000000<br>LEI: 635400GE1FMJVQH5B467 | Long             | ABS-MBS          | CORP              | GB        |      100000 | PA      | $135846.41    | 0.02%             | 2061-01-20      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132QUZX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         673 | PA      | $651.79       | 0.00%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JETBLUE 2019-1 CLASS AA                                            | JetBlue 2019-1 Class AA Pass Through Trust                                       | CUSIP: 477143AH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       59516 | PA      | $52715.35     | 0.01%             | 2032-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                         | Intel Corp                                                                       | CUSIP: 458140CK4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |       46000 | PA      | $44803.67     | 0.01%             | 2063-02-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 2.433293 03-FEB-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      675936 | OU      | $12747.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SEN                                             | Thames Water Super Senior Issuer PLC                                             | CUSIP: 000000000<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |        3905 | PA      | $5859.20      | 0.00%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                                     | NCR Voyix Corp                                                                   | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |      194000 | PA      | $191101.25    | 0.02%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                                 | SWP: OIS 8.730000 14-JAN-2030 IBR                                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |  1037588601 | OU      | $-788.57      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Vistra Corp                                                        | Vistra Corp                                                                      | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |        1328 | NS      | $260181.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OPEN Trust                                                         | OPEN Trust 2023-AIR                                                              | CUSIP: 68373BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       61112 | PA      | $61111.66     | 0.01%             | 2040-11-15      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                           | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |      197000 | PA      | $170355.40    | 0.02%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority              | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE                                   | CUSIP: 645790PE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       95000 | PA      | $69029.70     | 0.01%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | US        |           1 | NC      | $56.03        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.770000 21-JUN-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      237628 | OU      | $-253.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | EUR P USD C @1.175000 EO                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |     1514000 | OU      | $7789.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ISHARES IBOXX HIGH YIELD COR                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -717 | NC      | $-3585.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Atrium Hotel Portfolio Trust                                       | Atrium Hotel Portfolio Trust 2024-ATRM                                           | CUSIP: 04963XAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      170000 | PA      | $173268.59    | 0.02%             | 2029-11-10      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| EIS Group Inc                                                      | EIS Group Inc Term Loan                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      531775 | PA      | $513854.18    | 0.06%             | 2028-07-10      | Floating      | 11.16%                | No            |                  3 | On Loan: No      |
| STEM INC                                                           | Stem Inc                                                                         | CUSIP: 85859NAA0<br>LEI: 549300GVWIYFILN5V546 | Long             | DBT              | CORP              | US        |       27000 | PA      | $7695.02      | 0.00%             | 2028-12-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| LORCA TELECOM BONDCO                                               | Lorca Telecom Bondco SA                                                          | CUSIP: 000000000<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |      100000 | PA      | $117395.69    | 0.01%             | 2027-09-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | SWP: OIS 14.580000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |      405003 | OU      | $540.26       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 3617BTGM8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       25707 | PA      | $24464.00     | 0.00%             | 2048-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                              | Wells Fargo & Co                                                                 | CUSIP: 000000000<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     2758000 | PA      | $3179280.79   | 0.36%             | 2027-02-02      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                  | NatWest Group PLC                                                                | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $273685.97    | 0.03%             | 2032-02-28      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                                              | China Government Bond                                                            | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |      100000 | PA      | $14841.67     | 0.00%             | 2028-11-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                            | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE                                 | CUSIP: 576000E41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      205000 | PA      | $214157.58    | 0.02%             | 2050-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                             | Cogent Communications Group LLC / Cogent Finance Inc                             | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |      131000 | PA      | $130652.00    | 0.01%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | SWAP/CDSWAP/SCDS: (DB)                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | XX        |      300000 | OU      | $-4982.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                               | Flutter Treasury DAC                                                             | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |      100000 | PA      | $135539.44    | 0.02%             | 2031-06-04      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                            | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      180000 | PA      | $177755.27    | 0.02%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138ERM49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        2440 | PA      | $2389.39      | 0.00%             | 2031-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                     | PURCHASED CNH / SOLD USD                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | CN        |           1 | NC      | $-40456.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-117443.91   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp                                               | Bank of America Corp                                                             | CUSIP: 06051GHS1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      531000 | PA      | $453038.51    | 0.05%             | 2050-03-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WHNX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        5171 | PA      | $4994.78      | 0.00%             | 2031-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED USD / SOLD TWD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $220.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                                 | Subway Funding LLC                                                               | CUSIP: 864300AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      231252 | PA      | $237200.85    | 0.03%             | 2054-07-30      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                                           | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |       65000 | PA      | $61943.22     | 0.01%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CD&R Firefly Bidco Limited                                         | CD&R Firefly Bidco Limited 2025 EUR Term Loan                                    | CUSIP: 000000000<br>LEI: 213800OAU5VX61DYZ558 | Long             | LON              | CORP              | GB        |     1000000 | PA      | $1178112.88   | 0.13%             | 2029-04-30      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                     | Morgan Stanley                                                                   | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     1875000 | PA      | $1933544.55   | 0.22%             | 2034-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                                                        | Tenneco Inc                                                                      | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |      422000 | PA      | $422770.43    | 0.05%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                           | Foundation Finance Trust 2021-2                                                  | CUSIP: 35042PAA8<br>LEI: 54930021B3TF4B4HKE86 | Long             | ABS-O            | CORP              | US        |       83964 | PA      | $80089.14     | 0.01%             | 2042-01-15      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J6D20<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       23760 | PA      | $23667.67     | 0.00%             | 2046-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 13.140000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     6868000 | OU      | $-1951.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Commercial Mortgage Trust 2022-CSMO                                           | CUSIP: 05610MAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1429000 | PA      | $1443290.00   | 0.16%             | 2027-06-15      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| EchoStar Corp                                                      | EchoStar Corp                                                                    | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |        9321 | NS      | $711751.56    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| COMSTOCK RESOURCES INC                                             | Comstock Resources Inc                                                           | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |      200000 | PA      | $198800.00    | 0.02%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-3499.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 2.900000 30-APR-2029 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     7119630 | OU      | $202046.21    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ALSTRIA OFFICE AG                                                  | Alstria Office AG                                                                | CUSIP: 000000000<br>LEI: 529900QIJIGPI0DRL085 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $122080.14    | 0.01%             | 2031-03-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UniCredit SpA                                                      | UniCredit SpA                                                                    | CUSIP: 904678AQ2<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |      200000 | PA      | $213588.42    | 0.02%             | 2034-04-02      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 31307PUJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       20523 | PA      | $19821.90     | 0.00%             | 2030-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SONDER WARRANTS DEC 30 2029                                        | SONDER WARRANTS DEC 30 2029                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |        2277 | NS      | $2937.33      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Mariner Finance Issuance Trust                                     | Mariner Finance Issuance Trust 2023-A                                            | CUSIP: 56847FAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      789000 | PA      | $804216.58    | 0.09%             | 2035-10-22      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| CITADEL PLC                                                        | Citadel 2024-1 PLC                                                               | CUSIP: 000000000<br>LEI: 213800XKX6NBEB5W9Z43 | Long             | ABS-MBS          | CORP              | GB        |      292384 | PA      | $395008.31    | 0.04%             | 2060-04-28      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                           | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      120000 | PA      | $122650.40    | 0.01%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD UYU                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $-813.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Mesa County Valley School District No 51 Grand Junction/CO         | MESA CNTY CO VLY SCH DIST #51GRAND JUNCTION                                      | CUSIP: 590621LZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      125000 | PA      | $133018.97    | 0.02%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                                       | QUALCOMM Inc                                                                     | CUSIP: 747525BR3<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |      119000 | PA      | $103069.72    | 0.01%             | 2052-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 0.585500 19-DEC-2025 FTO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  2373000000 | OU      | $1167.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                             | Velocity Commercial Capital Loan Trust 2020-1                                    | CUSIP: 92259LAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       47539 | PA      | $37697.69     | 0.00%             | 2050-02-25      | Variable      | 3.19%                 | No            |                  2 | On Loan: No      |
| Republic of Senegal                                                | Senegal Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |      132000 | PA      | $134925.61    | 0.02%             | 2028-03-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.6245 18-NOV-2026 TII                                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     2686646 | OU      | $957.42       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.410000 17-SEP-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  2061697000 | OU      | $-5118.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PINNACLE BIDCO PLC                                                 | Pinnacle Bidco PLC                                                               | CUSIP: 000000000<br>LEI: 2138006Z5V8OBL2A2Q06 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $283780.75    | 0.03%             | 2028-10-11      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MEDCO MAPLE TREE PTE LTD                                           | Medco Maple Tree Pte Ltd                                                         | CUSIP: 000000000<br>LEI: 254900T5AQZNR0THA508 | Long             | DBT              | CORP              | SG        |      500000 | PA      | $522500.00    | 0.06%             | 2029-04-27      | Fixed         | 8.96%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | Societe Generale SA                                                              | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |      400000 | PA      | $451122.63    | 0.05%             | 2029-03-22      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CFSP Mortgage Trust                                                | CFSP 2024-AHP1 Mortgage Trust                                                    | CUSIP: 15723BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      316685 | PA      | $306450.64    | 0.03%             | 2037-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Brex Inc                                                           | Brex Commercial Charge Card Master Trust                                         | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      129000 | PA      | $129801.94    | 0.01%             | 2027-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| First Mobility Sarl                                                | First Mobility Sarl - Compartment Swiss Lease 2025-1                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |      100000 | PA      | $117696.94    | 0.01%             | 2032-10-14      | Floating      | 2.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XJDS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      104301 | PA      | $96734.15     | 0.01%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Kingdom of Belgium Government Bonds                                | Kingdom of Belgium Government Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ25JZFHRHWD76 | Long             | DBT              | NUSS              | BE        |        5000 | PA      | $5652.38      | 0.00%             | 2028-06-22      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Japan Government Twenty Year Bonds                                 | Japan Government Twenty Year Bonds                                               | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |    61000000 | PA      | $341420.16    | 0.04%             | 2043-12-20      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 36213FZ22<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        1920 | PA      | $1798.69      | 0.00%             | 2042-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                             | JW Commercial Mortgage Trust 2024-MRCO                                           | CUSIP: 46657XAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      814000 | PA      | $816539.84    | 0.09%             | 2039-06-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418EBJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      541876 | PA      | $468325.63    | 0.05%             | 2042-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | ID        |           1 | NC      | $-24961.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                             | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      100000 | PA      | $86456.30     | 0.01%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418DSH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      144881 | PA      | $117902.48    | 0.01%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| EDGE FINCO PLC                                                     | Edge Finco PLC                                                                   | CUSIP: 000000000<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |      306000 | PA      | $438804.09    | 0.05%             | 2031-08-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140X83D7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        2830 | PA      | $2665.98      | 0.00%             | 2048-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 13.310000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      408749 | OU      | $51.08        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                           | Ford Motor Credit Co LLC                                                         | CUSIP: 345397F81<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      340000 | PA      | $341126.68    | 0.04%             | 2026-11-05      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                           | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      200000 | PA      | $185280.20    | 0.02%             | 2034-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds                  | Republic of Poland Government International Bonds                                | CUSIP: 857524AF9<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |      110000 | PA      | $113228.50    | 0.01%             | 2030-02-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust                                     | ARES Commercial Mortgage Trust 2024-IND                                          | CUSIP: 03990DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      340000 | PA      | $340850.00    | 0.04%             | 2041-07-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DSQ62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1749169 | PA      | $1741442.10   | 0.20%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                             | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |      200000 | PA      | $205344.80    | 0.02%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QKWL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       27081 | PA      | $26077.14     | 0.00%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                                    | Republic Finance Issuance Trust 2021-A                                           | CUSIP: 76042UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $98404.24     | 0.01%             | 2031-12-22      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | ID        |           1 | NC      | $-2870.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VF UKRAINE (VFU FUNDING)                                           | VF Ukraine PAT via VFU Funding PLC                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | UA        |      150045 | PA      | $142542.76    | 0.02%             | 2027-02-11      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED USD / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $567.03       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133A04K7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       45675 | PA      | $42268.96     | 0.00%             | 2050-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                                 | 5Y RTR 3.050000 20-NOV-2025                                                      | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |   -32840000 | OU      | $-41498.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179VMF4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       33279 | PA      | $31716.24     | 0.00%             | 2050-05-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179TNS0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       11252 | PA      | $10764.90     | 0.00%             | 2047-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                            | Colombia Government International Bonds                                          | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |      400000 | PA      | $436000.00    | 0.05%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QK2B3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      422599 | PA      | $367608.34    | 0.04%             | 2041-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                   | ABN AMRO Bank NV                                                                 | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |      800000 | PA      | $997788.07    | 0.11%             | 2033-09-21      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                               | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 34223000000 | PA      | $2116130.38   | 0.24%             | 2027-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418D6B3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       36403 | PA      | $29510.99     | 0.00%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179SGL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       35891 | PA      | $33173.96     | 0.00%             | 2046-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $89.99        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HIH Trust                                                          | HIH Trust 2024-61P                                                               | CUSIP: 40444VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      108378 | PA      | $108750.47    | 0.01%             | 2041-10-15      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED EUR / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | XX        |           1 | NC      | $10689.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AETHON SR SEC 2L NOTES 144A                                        | AETHON SR SEC 2L NOTES 144A                                                      | CUSIP: 000000000<br>LEI: 5493003Y9J3720W2G906 | Long             | DBT              | CORP              | US        |      313177 | PA      | $310828.31    | 0.04%             | 2027-01-10      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138XY5S9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       16330 | PA      | $16123.55     | 0.00%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | AR        |           1 | NC      | $-17423.62    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                                            | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      154000 | PA      | $180001.03    | 0.02%             | 2032-05-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Quimper AB                                                         | Quimper AB 2024 EUR Term Loan B                                                  | CUSIP: 000000000<br>LEI: 549300EI2YNCQDXVO313 | Long             | LON              | CORP              | SE        |     1000000 | PA      | $1181552.85   | 0.13%             | 2030-03-29      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Autoflorence                                                       | AutoFlorence 3 Srl                                                               | CUSIP: 000000000<br>LEI: 815600F88BB8BFD30863 | Long             | ABS-O            | CORP              | IT        |      273726 | PA      | $322742.65    | 0.04%             | 2046-12-25      | Floating      | 2.82%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                            | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92841HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |       40000 | PA      | $41640.98     | 0.00%             | 2028-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                                        | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      200000 | PA      | $233489.33    | 0.03%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                              | Schneider Electric SE                                                            | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $115562.97    | 0.01%             | 2026-12-13      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | SWAP/CDSWAP/SCDS: (CMACG)                                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | XX        |       66000 | OU      | $5530.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Trust 2024-VLT4                                                               | CUSIP: 05612TAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      375000 | PA      | $375462.08    | 0.04%             | 2041-06-15      | Floating      | 8.09%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | TR        |           1 | NC      | $16277.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (TURKEY)                                                        | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      260487 | OU      | $-18268.19    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                                   | Symphony CLO XIX Ltd                                                             | CUSIP: 87165YAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      263476 | PA      | $263835.28    | 0.03%             | 2031-04-16      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 1.442712 17-SEP-2035 THO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      568457 | OU      | $-17.81       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | APPLE INC                                                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -14 | NC      | $-3087.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| VOYAGER PARENT LLC                                                 | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |       82000 | PA      | $86714.19     | 0.01%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $55.84        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140H6PA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      125264 | PA      | $116480.98    | 0.01%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VEGAS Trust                                                        | VEGAS 2024-GCS                                                                   | CUSIP: 92254BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      600000 | PA      | $603915.96    | 0.07%             | 2036-07-10      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| MOTABILITY OPERATIONS GR                                           | Motability Operations Group PLC                                                  | CUSIP: 000000000<br>LEI: AZ3NL8JCZDCNUXFWI720 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $121372.77    | 0.01%             | 2035-06-17      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                               | Range Resources Corp                                                             | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |      240000 | PA      | $245637.84    | 0.03%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                                              | Becton Dickinson & Co                                                            | CUSIP: 075887CU1<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |       72000 | PA      | $73932.88     | 0.01%             | 2029-06-07      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QGKB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       66512 | PA      | $64038.86     | 0.01%             | 2035-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMC Networks Inc                                                   | AMC Networks Inc                                                                 | CUSIP: 00164V103<br>LEI: 549300VGG9K75226LR46 | Long             | EC               | CORP              | US        |       12756 | NS      | $105109.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNGARY                                                            | Hungary Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |       53000 | PA      | $67447.40     | 0.01%             | 2033-09-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $-652.88      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDSTORY SASU                                                     | Goldstory SAS                                                                    | CUSIP: 000000000<br>LEI: 969500NWR67ONUJD4A26 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $121907.84    | 0.01%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.150000 19-MAR-2030 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    10937183 | OU      | $-102.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COREWEAVE COMMON EQ LEGENDED                                       | COREWEAVE COMMON EQ LEGENDED                                                     | CUSIP: 000000000<br>LEI: 984500511DP2B6186053 | Long             | STIV             | CORP              | US        |        2711 | NS      | $371000.35    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED CHF / SOLD USD                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | CH        |           1 | NC      | $152.07       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138EEHB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         296 | PA      | $280.23       | 0.00%             | 2042-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 3617BYFD8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       26699 | PA      | $25447.21     | 0.00%             | 2047-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2020-1C PTT                                             | Air Canada 2020-1 Class C Pass Through Trust                                     | CUSIP: 008911BD0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      302000 | PA      | $314974.95    | 0.04%             | 2026-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0224A0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      683000 | PA      | $642249.02    | 0.07%             | 2040-10-16      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KSL Commercial Mortgage Trust                                      | KSL Commercial Mortgage Trust 2024-HT2                                           | CUSIP: 500937AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      146664 | PA      | $146618.61    | 0.02%             | 2039-12-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 1.375000 17-SEP-2035 THO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    17705000 | OU      | $-4070.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.180000 17-SEP-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      671452 | OU      | $-309.08      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                             | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAF6<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |      126000 | PA      | $131519.18    | 0.01%             | 2032-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                | JPMorgan Chase & Co                                                              | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |       55000 | PA      | $58163.92     | 0.01%             | 2033-09-14      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                | JPMorgan Chase & Co                                                              | CUSIP: 000000000<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |       70000 | PA      | $87476.13     | 0.01%             | 2031-11-13      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                                | Avantor Funding Inc                                                              | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |      126000 | PA      | $123940.85    | 0.01%             | 2028-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                                | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |       58000 | PA      | $60109.58     | 0.01%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD TWD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $1245.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIEMEX ENERGIA - BANC AC                                           | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple                 | CUSIP: 05974EAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |      198101 | PA      | $210423.39    | 0.02%             | 2041-01-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                              | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |      129000 | PA      | $137198.21    | 0.02%             | 2031-05-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132CXCD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      316576 | PA      | $292703.40    | 0.03%             | 2037-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Regatta XVIII Funding Ltd                                          | Regatta XVIII Funding Ltd                                                        | CUSIP: 75884EAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     2000000 | PA      | $2001167.80   | 0.23%             | 2038-04-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                       | Centene Corp                                                                     | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |      400000 | PA      | $392806.94    | 0.04%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                             | EquipmentShare.com Inc                                                           | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |       49000 | PA      | $51852.93     | 0.01%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                                               | Raizen Fuels Finance SA                                                          | CUSIP: 000000000<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $192774.00    | 0.02%             | 2037-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                           | OCP SA                                                                           | CUSIP: 67091TAG0<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |      200000 | PA      | $221938.00    | 0.03%             | 2054-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                                                | Prestige Brands Inc                                                              | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |       94000 | PA      | $86584.29     | 0.01%             | 2031-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                           | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      868000 | PA      | $549157.07    | 0.06%             | 2062-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                              | Mexico Government International Bond                                             | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      271000 | PA      | $270729.00    | 0.03%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD COP                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $51.78        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                                                     | Czech Republic Government Bond                                                   | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    69790000 | PA      | $3502071.53   | 0.40%             | 2030-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                          | Nelnet Student Loan Trust 2021-D                                                 | CUSIP: 64034YAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      700000 | PA      | $628649.28    | 0.07%             | 2062-04-20      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | DEC25 KOSPI2  C @ 515.26                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |     -200000 | NC      | $-550.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Algoma Steel Group Inc                                             | Algoma Steel Group Inc                                                           | CUSIP: 015658107<br>LEI: 549300Q5EU337A1XCX27 | Long             | EC               | CORP              | CA        |       26292 | NS      | $93468.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                                 | SWP: OIS 8.644400 04-APR-2030 IBR                                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |  3981178557 | OU      | $1030.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED COP / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | CO        |           1 | NC      | $-3798.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                             | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      100000 | PA      | $111062.70    | 0.01%             | 2031-10-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| SPIRIT AIR 2017-1 PTT AA                                           | Spirit Airlines Pass Through Trust 2017-1AA                                      | CUSIP: 84858WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       82242 | PA      | $76580.75     | 0.01%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                              | Mexico Government International Bonds                                            | CUSIP: 91086QAV0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      182000 | PA      | $183479.66    | 0.02%             | 2040-01-11      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Asimi Funding Holdings Limited                                     | Asimi Funding 2025-1 PLC                                                         | CUSIP: 000000000<br>LEI: 6354002PZBGQEXUI2V51 | Long             | ABS-O            | CORP              | GB        |      115962 | PA      | $156657.37    | 0.02%             | 2032-05-16      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER                                            | San Miguel Global Power Holdings Corp                                            | CUSIP: 000000000<br>LEI: 549300HBCE80QXKII590 | Long             | DBT              | CORP              | PH        |      650000 | PA      | $654062.50    | 0.07%             | 2029-12-02      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED USD / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $4616.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                        | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                                         | CUSIP: 542691JX9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |       75000 | PA      | $77652.71     | 0.01%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eni SpA                                                            | Eni SpA                                                                          | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |      688000 | PA      | $831323.58    | 0.09%             | 2029-01-29      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Autonoria                                                          | FCT Autonoria DE 2023                                                            | CUSIP: 000000000<br>LEI: 549300XVWRQGZCNHXF23 | Long             | ABS-O            | CORP              | FR        |       39952 | PA      | $47113.91     | 0.01%             | 2043-01-26      | Floating      | 3.02%                 | No            |                  2 | On Loan: No      |
| Denmark Government Bonds                                           | Denmark Government Bonds                                                         | CUSIP: 000000000<br>LEI: 549300PTO6LS1PTM6607 | Long             | DBT              | NUSS              | DK        |      450000 | PA      | $85755.47     | 0.01%             | 2039-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | EUR C USD P @1.195000 EO                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |    20229000 | OU      | $8122.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | DR HORTON INC                                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -10 | NC      | $-3800.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| LCH Ltd.                                                           | SWP: ZAR 7.900500 31-OCT-2029 JIB                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    35000000 | OU      | $-77937.63    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WHPB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        4774 | PA      | $4611.98      | 0.00%             | 2031-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| French Republic Government Bonds OAT                               | French Republic Government Bonds OAT                                             | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |      190000 | PA      | $207526.13    | 0.02%             | 2031-05-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Golden Ray S.A.                                                    | Golden Ray SA - Compartment 1                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |      261922 | PA      | $307853.24    | 0.03%             | 2057-12-27      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Trust 2021-LBA                                                                | CUSIP: 05609BBM0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      711729 | PA      | $708170.15    | 0.08%             | 2036-02-15      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                             | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      200000 | PA      | $205936.80    | 0.02%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                             | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |       97000 | PA      | $98043.82     | 0.01%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| West Deptford Energy Holdings LLC                                  | West Deptford Energy Holdings LLC 2025 Term Loan                                 | CUSIP: 95249CAF1<br>LEI: 549300HOEW2V8L64EU07 | Long             | LON              | CORP              | US        |      182000 | PA      | $180316.50    | 0.02%             | 2032-07-24      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                                                 | Kohl's Corp                                                                      | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |      115000 | PA      | $90786.72     | 0.01%             | 2031-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                                                 | MCR 2024-HF1 Mortgage Trust                                                      | CUSIP: 55287FAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      601000 | PA      | $603441.56    | 0.07%             | 2041-12-15      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                     | Gray Media Inc                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |      124000 | PA      | $134075.14    | 0.02%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 3.460130 15-DEC-2036 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     2071314 | OU      | $48512.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                  | EURO-BTP FUTURE DEC25                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         203 | NC      | $290569.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED CHF / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | CH        |           1 | NC      | $-2136.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HOMES Trust                                                        | HOMES 2023-NQM1 Trust                                                            | CUSIP: 43761JAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      632163 | PA      | $632748.22    | 0.07%             | 2068-01-25      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                                            | Beach Acquisition Bidco LLC                                                      | CUSIP: 000000000<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |      100000 | PA      | $120349.96    | 0.01%             | 2032-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                               | Republic of Uzbekistan International Bond                                        | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |      151000 | PA      | $182473.35    | 0.02%             | 2027-05-29      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QEBL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      315895 | PA      | $271388.01    | 0.03%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                              | PURCHASED THB / SOLD USD                                                         | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | N/A              | DFE              |  | TH        |           1 | NC      | $-2934.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Oriental Republic of Uruguay                                       | Oriental Republic of Uruguay                                                     | CUSIP: 760942BG6<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |       84859 | PA      | $79744.12     | 0.01%             | 2060-09-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Heathrow Finance PLC                                               | Heathrow Finance PLC                                                             | CUSIP: 000000000<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $131492.10    | 0.01%             | 2027-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                              | Caesars Entertainment Inc                                                        | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |      145000 | PA      | $147898.26    | 0.02%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SC GERMANY CONSUMER                                                | SC Germany SA Compartment Consumer 2025-1                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | DE        |      100000 | PA      | $117875.16    | 0.01%             | 2038-12-14      | Floating      | 2.83%                 | No            |                  2 | On Loan: No      |
| Emerald Technologies (US) Acquisitionco Inc                        | Emerald Technologies (US) Acquisitionco Inc Term Loan                            | CUSIP: 29102UAB5<br>LEI: 549300PVODJ41V7YM574 | Long             | LON              | CORP              | US        |      148738 | PA      | $102628.88    | 0.01%             | 2027-12-29      | Floating      | 10.60%                | No            |                  3 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 2.415794 31-JAN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      337096 | OU      | $6028.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                                 | Regional Management Issuance Trust 2024-2                                        | CUSIP: 75907AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $100861.18    | 0.01%             | 2033-12-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J7S63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        4051 | PA      | $3965.90      | 0.00%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED USD / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $674.76       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PREEM HOLDING AB                                                   | Preem Holdings AB                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |       80000 | PA      | $97116.34     | 0.01%             | 2027-06-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                           | Foundation Finance Trust 2023-2                                                  | CUSIP: 35042RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      208581 | PA      | $217737.10    | 0.02%             | 2049-06-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (ITRAXX.FINSR.44.V1)                                            | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     2265000 | OU      | $-52265.36    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                     | Morgan Stanley                                                                   | CUSIP: 61747YFS9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     2362000 | PA      | $2420722.37   | 0.27%             | 2030-07-19      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds                  | Republic of Poland Government International Bonds                                | CUSIP: 731011AV4<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |       20000 | PA      | $20212.10     | 0.00%             | 2033-10-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Vedanta Holdings Mauritius II LTD                                  | Vedanta Holdings Mauritius II LTD Delayed Draw Term Loan                         | CUSIP: 000000000<br>LEI: 894500ANJHA7BPW5U641 | Long             | LON              | CORP              | MU        |      363880 | PA      | $363880.00    | 0.04%             | 2026-04-17      | Fixed         | 18.00%                | No            |                  3 | On Loan: No      |
| ABRA GLOBAL FINANCE                                                | ABRA Global Finance                                                              | CUSIP: 000852AC7<br>LEI: 2549007QS3P0D4KT9G26 | Long             | DBT              | CORP              | KY        |      484886 | PA      | $469854.53    | 0.05%             | 2029-10-22      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TR        |           1 | NC      | $44.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $-107.26      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.407000 17-SEP-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   135633564 | OU      | $-345.20      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: AUD 3.908000 20-SEP-2030 AUD                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1925000 | OU      | $-1088.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Commercial Mortgage Trust 2023-XL3                                            | CUSIP: 12434GAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      544167 | PA      | $545357.07    | 0.06%             | 2040-12-09      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                                   | MGM Resorts International                                                        | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |      105000 | PA      | $106973.37    | 0.01%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                        | 30Y RTR 3.650000 26-NOV-2025                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | US        |    15555000 | OU      | $88007.86     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XFGV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      195994 | PA      | $159831.99    | 0.02%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DR Horton Inc                                                      | DR Horton Inc                                                                    | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |         999 | NS      | $169300.53    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                                 | USD C MXN P @18.70000 EO                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | LU        |      269000 | OU      | $435.51       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures Europe - Financial Products Division                   | LONG GILT FUTURE DEC25                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |         100 | NC      | $33417.23     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Elstree Funding                                                    | Elstree Funding No 5 PLC                                                         | CUSIP: 000000000<br>LEI: 635400TQHOGQECGSLM58 | Long             | ABS-MBS          | CORP              | GB        |      242402 | PA      | $327277.95    | 0.04%             | 2061-08-21      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| NOVA Chemicals Corp                                                | NOVA Chemicals Corp                                                              | CUSIP: 66977WAR0<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |      158000 | PA      | $158454.83    | 0.02%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Offerpad Solutions Inc                                             | Offerpad Solutions Inc                                                           | CUSIP: 67623L117<br>LEI: N/A                  | N/A              | DE               |  | US        |        8529 | NS      | $426.45       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                                                   | Crown Castle Inc                                                                 | CUSIP: 22822VAR2<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |      418000 | PA      | $395994.47    | 0.04%             | 2030-07-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 2.340000 19-JAN-2033                                                   | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | XX        |     2870000 | OU      | $-27131.19    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: USD 3.270000 05-FEB-2028 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    10487600 | OU      | $-2485.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ANDURIL SERIES G EQUITY                                            | ANDURIL SERIES G EQUITY                                                          | CUSIP: 000000000<br>LEI: 254900CIXLZUXXNYQW57 | Long             | STIV             | CORP              | US        |        3592 | NS      | $146840.96    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Ukraine Government International Bonds                             | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      158000 | PA      | $107440.00    | 0.01%             | 2029-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMRF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       22185 | PA      | $20801.94     | 0.00%             | 2046-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANCA MONTE DEI PASCHI S                                           | Banca Monte dei Paschi di Siena SpA                                              | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | DBT              | CORP              | IT        |      200000 | PA      | $239459.37    | 0.03%             | 2035-10-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                     | Morgan Stanley                                                                   | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     2247000 | PA      | $2291880.81   | 0.26%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                       | Alphabet Inc                                                                     | CUSIP: 000000000<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |      337000 | PA      | $386154.87    | 0.04%             | 2054-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc                                                     | Sabre GLBL Inc 2022 1st Lien Term Loan B                                         | CUSIP: 78571YBJ8<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |       85283 | PA      | $79739.24     | 0.01%             | 2028-06-30      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                                     | Newday Funding Master Issuer PLC - Series 2024-3                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |      100000 | PA      | $135163.07    | 0.02%             | 2032-11-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                     | Amazon.com Inc                                                                   | CUSIP: 023135CB0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |      234000 | PA      | $162791.35    | 0.02%             | 2051-05-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| DOLCETTO HOLDCO SPA                                                | Dolcetto Holdco SpA                                                              | CUSIP: 000000000<br>LEI: 81560029E819F2CE4A42 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $120369.38    | 0.01%             | 2032-07-14      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                                              | Banijay Entertainment SAS                                                        | CUSIP: 000000000<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |      200000 | PA      | $243447.96    | 0.03%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $-59811.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.500000 19-MAR-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   446245731 | OU      | $44354.07     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                 | Energy Transfer LP                                                               | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |       20000 | PA      | $21372.44     | 0.00%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                              | Freeport Indonesia PT                                                            | CUSIP: 000000000<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |      200000 | PA      | $200400.00    | 0.02%             | 2027-04-14      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| ELECT GLOBAL INV LTD                                               | Elect Global Investments Ltd                                                     | CUSIP: 000000000<br>LEI: 254900MGJD77N8VPNK65 | Long             | DBT              | CORP              | VG        |      200000 | PA      | $148750.00    | 0.02%             | 2025-10-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132E02Y7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      206510 | PA      | $198540.41    | 0.02%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc                                                     | Sabre GLBL Inc 2021 Term Loan B1                                                 | CUSIP: 78571YBG4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |       36670 | PA      | $34653.18     | 0.00%             | 2027-12-17      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | SPDR S+P REGIONAL BANKING ETF                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         182 | NC      | $6734.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.560000 18-JUN-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     4762045 | OU      | $-3449.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                             | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |       96000 | PA      | $99516.31     | 0.01%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                                           | Vista Energy Argentina SAU                                                       | CUSIP: 92841RAA8<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |      239000 | PA      | $231770.25    | 0.03%             | 2035-12-10      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-18306.99    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Trust 2024-BIO                                                                | CUSIP: 05612AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      435000 | PA      | $434320.31    | 0.05%             | 2041-02-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| RTE RESEAU DE TRANSPORT                                            | RTE Reseau de Transport d'Electricite SADIR                                      | CUSIP: 000000000<br>LEI: 969500JRJW0K2ET1UP76 | Long             | DBT              | CORP              | FR        |      400000 | PA      | $244502.66    | 0.03%             | 2049-09-09      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                                   | Coca-Cola Co/The                                                                 | CUSIP: 191216DC1<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |       25000 | PA      | $15286.80     | 0.00%             | 2051-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.772500 14-NOV-2029 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     1222008 | OU      | $1313.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI ELECTRICITY SUKUK                                            | Saudi Electricity Sukuk Programme Co                                             | CUSIP: 000000000<br>LEI: 549300KZ4IZK3RMUO096 | Long             | DBT              | CORP              | KY        |      200000 | PA      | $203596.00    | 0.02%             | 2029-02-13      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                                   | Vital Energy Inc                                                                 | CUSIP: 516806AJ5<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |       92000 | PA      | $96053.34     | 0.01%             | 2030-10-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.675000 17-SEP-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    20054000 | OU      | $-10573.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 5.944700 17-SEP-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   164477416 | OU      | $-2697.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                     | EUR P USD C @1.165000 EO                                                         | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DFE              |  | LU        |      604000 | OU      | $687.85       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 13.380000 02-JAN-2031 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      336333 | OU      | $281.35       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                       | CaixaBank SA                                                                     | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |      200000 | PA      | $245636.29    | 0.03%             | 2032-07-24      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.215000 17-SEP-2030 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     9140070 | OU      | $-59.73       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED INR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | IN        |           1 | NC      | $-3751.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                                           | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |       74000 | PA      | $73821.04     | 0.01%             | 2027-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                          | HOUSTON TX ARPT SYS REVENUE                                                      | CUSIP: 442349JU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      270000 | PA      | $286000.78    | 0.03%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                       | Entegris Inc                                                                     | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |      200000 | PA      | $202806.00    | 0.02%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Commercial Mortgage Trust 2024-BRBK                                           | CUSIP: 05613NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      560000 | PA      | $562975.00    | 0.06%             | 2041-10-15      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED MXN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | MX        |           1 | NC      | $2482.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                              | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      100000 | PA      | $104011.80    | 0.01%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140Q9ZX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        4031 | PA      | $4025.73      | 0.00%             | 2033-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                           | Cooperatieve Rabobank UA                                                         | CUSIP: 000000000<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $236267.13    | 0.03%             | 2027-06-29      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALPHA STAR HOLDING                                                 | Alpha Star Holding VIII Ltd                                                      | CUSIP: 000000000<br>LEI: 254900TMRVHA9YMIFC14 | Long             | DBT              | CORP              | AE        |      200000 | PA      | $207562.50    | 0.02%             | 2027-04-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LION/POLARIS LUX 4 SA                                              | Lion/Polaris Lux 4 SA                                                            | CUSIP: 000000000<br>LEI: 984500BFD3F99A7UB874 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $118711.81    | 0.01%             | 2029-07-01      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                 | CNX Resources Corp                                                               | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |      100000 | PA      | $103742.68    | 0.01%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED EUR / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | XX        |           1 | NC      | $2177.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Flagstar Financial Inc                                             | Flagstar Financial Inc                                                           | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |       60671 | NS      | $700750.05    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA NA                                                 | USD P IDR C @16500.00 EO                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |     1614136 | OU      | $5258.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                                   | GWT 2024-WLF2                                                                    | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1100000 | PA      | $1102062.50   | 0.12%             | 2041-05-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 9.255000 18-NOV-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    18571700 | OU      | $25100.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ABANCA CORP BANCARIA SA                                            | Abanca Corp Bancaria SA                                                          | CUSIP: 000000000<br>LEI: 54930056IRBXK0Q1FP96 | Long             | DBT              | CORP              | ES        |      100000 | PA      | $120900.33    | 0.01%             | 2036-12-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $-12878.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                      | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                     | CUSIP: 646140JF1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |       90000 | PA      | $95805.39     | 0.01%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD PHP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $77094.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                            | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |           1 | NC      | $-1153.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                             | Pacific Gas and Electric Co                                                      | CUSIP: 694308KT3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      306000 | PA      | $298075.55    | 0.03%             | 2054-10-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Providus CLO                                                       | Providus CLO V DAC                                                               | CUSIP: 000000000<br>LEI: 6354008C72YCMAEWD258 | Long             | ABS-CBDO         | CORP              | IE        |      100000 | PA      | $117759.12    | 0.01%             | 2035-02-15      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J9Y96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       22081 | PA      | $22349.35     | 0.00%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED HUF / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | HU        |           1 | NC      | $-2339.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                       | Ecopetrol SA                                                                     | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |       69000 | PA      | $74854.65     | 0.01%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 5.537700 17-SEP-2028 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   375289203 | OU      | $-298.94      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                               | Republic of Uzbekistan International Bond                                        | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |      240000 | PA      | $290023.86    | 0.03%             | 2027-05-29      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                                            | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC          | CUSIP: 60832QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      194000 | PA      | $203350.22    | 0.02%             | 2031-04-15      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                       | Fibercop SpA                                                                     | CUSIP: 683879AD2<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      200000 | PA      | $190632.34    | 0.02%             | 2034-09-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XGVN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       98814 | PA      | $88305.75     | 0.01%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Qatar Government International Bonds                               | Qatar Government International Bonds                                             | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |      200000 | PA      | $198800.00    | 0.02%             | 2026-06-02      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                                        | Bell Telephone Co of Canada or Bell Canada                                       | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |      105000 | PA      | $108930.15    | 0.01%             | 2055-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                         | BFLD Trust 2025-FPM                                                              | CUSIP: 05556HAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      665000 | PA      | $668757.38    | 0.08%             | 2030-10-10      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJJ25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       34414 | PA      | $33086.36     | 0.00%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 5.160000 19-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     4576500 | OU      | $-10184.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CONTINUUM GRN SPV CO-ISS                                           | Continuum Green Energy India Pvt / Co-Issuers                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |      313462 | PA      | $331972.46    | 0.04%             | 2033-06-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 19-1B PTT                                             | American Airlines 2019-1 Class B Pass Through Trust                              | CUSIP: 02379DAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       45108 | PA      | $43913.85     | 0.00%             | 2028-02-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Czech Republic                                                     | Czech Republic Government Bond                                                   | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    18230000 | PA      | $843088.92    | 0.10%             | 2029-07-23      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FEDRIGONI SPA                                                      | Fedrigoni SpA                                                                    | CUSIP: 000000000<br>LEI: 8156004CE82074779D19 | Long             | DBT              | CORP              | IT        |      200000 | PA      | $234226.04    | 0.03%             | 2030-01-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                              | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |      118364 | PA      | $120634.22    | 0.01%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.637000 17-SEP-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     7000008 | OU      | $-4282.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Exchange                                                     | JPN 10Y BOND(OSE) DEC25                                                          | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DIR              |  | JP        |          37 | NC      | $-197066.06   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| New York State Dormitory Authority                                 | NEW YORK ST DORM AUTH SALES TAX REVENUE                                          | CUSIP: 64990AUH6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |      230000 | PA      | $238034.31    | 0.03%             | 2053-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                                   | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      200000 | PA      | $196610.78    | 0.02%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XFGW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      188746 | PA      | $154426.32    | 0.02%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Japan Government Thirty Year Bonds                                 | Japan Government Thirty Year Bonds                                               | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   246700000 | PA      | $1454076.17   | 0.16%             | 2055-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| ENGINEERING SPA                                                    | Engineering - Ingegneria Informatica - SpA                                       | CUSIP: 000000000<br>LEI: 81560042F5E23EE61346 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $125109.77    | 0.01%             | 2028-05-15      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                              | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |       87000 | PA      | $90118.43     | 0.01%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XFUZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       34545 | PA      | $28300.96     | 0.00%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DIAMOND II LTD                                                     | Diamond II Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900KL4GQ2XC50XL44 | Long             | DBT              | CORP              | MU        |     1000000 | PA      | $1007500.00   | 0.11%             | 2026-07-28      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.400000 08-APR-2026 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    65486085 | OU      | $175435.51    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31419AA56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        3891 | PA      | $4021.88      | 0.00%             | 2038-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VanEck J. P. Morgan EM Local Currency Bond ETF                     | VanEck J. P. Morgan EM Local Currency Bond ETF                                   | CUSIP: 92189H300<br>LEI: 549300CNWPR88MZBEA63 | Long             | EC               | RF                | US        |       21689 | NS      | $553286.39    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | AR        |           1 | NC      | $-17972.11    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State of Illinois                                                  | ILLINOIS ST                                                                      | CUSIP: 452153PJ2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |      330000 | PA      | $340597.18    | 0.04%             | 2048-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XATV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      140967 | PA      | $115637.00    | 0.01%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trust                                    | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                               | CUSIP: 34461WAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      410000 | PA      | $411040.21    | 0.05%             | 2039-12-15      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                                             | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      117000 | PA      | $122007.60    | 0.01%             | 2029-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                             | Romania Government International Bonds                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      118000 | PA      | $119237.64    | 0.01%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |           1 | NC      | $84658.56     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                                              | China Government Bond                                                            | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |   127370000 | PA      | $17895769.56  | 2.03%             | 2026-06-15      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                  | EURO-BUND FUTURE DEC25                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |          -8 | NC      | $-735.61      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ROSSINI SARL                                                       | Rossini Sarl                                                                     | CUSIP: 000000000<br>LEI: 549300EC5JCCW6F83R11 | Long             | DBT              | CORP              | LU        |       42851 | PA      | $50960.90     | 0.01%             | 2029-12-31      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Penta CLO S.A.                                                     | Penta CLO 17 DAC                                                                 | CUSIP: 000000000<br>LEI: 254900P6EQ7DE06DX267 | Long             | ABS-CBDO         | CORP              | IE        |      100000 | PA      | $118198.35    | 0.01%             | 2038-08-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | FSWP: OIS 8.740000 17-SEP-2030 IBR                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |  2104233688 | OU      | $-817.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJH35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1815 | PA      | $1722.34      | 0.00%             | 2036-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $58.21        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Semiconductor ETF                                           | VanEck Semiconductor ETF                                                         | CUSIP: 92189F676<br>LEI: 549300MJTG2N9QRH7I02 | Long             | EC               | RF                | US        |         842 | NS      | $274795.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                             | U.S. Treasury Inflation-Indexed Bonds                                            | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1962452 | PA      | $1915690.53   | 0.22%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                                  | Italy Buoni Poliennali Del Tesoro                                                | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |      700000 | PA      | $774987.56    | 0.09%             | 2049-09-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                               | Together Asset Backed Securitisation 2024-1ST2 PLC                               | CUSIP: 000000000<br>LEI: 635400WGT6N9TVLEC567 | Long             | ABS-MBS          | CORP              | GB        |      293522 | PA      | $397331.92    | 0.04%             | 2065-10-12      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $11948.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                 | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |           1 | NC      | $-1231.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HNG HOSPITALITY OFFSHORE LP                                        | HNG HOSPITALITY OFFSHORE LP                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |      538000 | NS      | $387360.00    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WD7A3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         460 | PA      | $446.71       | 0.00%             | 2030-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | DEC25 KOSPI2  C @ 471.22                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |      200000 | NC      | $2660.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                                           | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      200000 | PA      | $210280.96    | 0.02%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WKK87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        4569 | PA      | $4396.64      | 0.00%             | 2032-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Castle Hill INGOTS Ltd                                             | CSTL Commercial Mortgage Trust 2024-GATE                                         | CUSIP: 22945JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      460000 | PA      | $461958.73    | 0.05%             | 2041-11-10      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                   | SMB Private Education Loan Trust 2024-A                                          | CUSIP: 831943AC9<br>LEI: 5493000RGRVHYZAIY180 | Long             | ABS-O            | CORP              | US        |      408000 | PA      | $417208.15    | 0.05%             | 2056-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                       | Huntington Bank Auto Credit-Linked Notes Series 2024-2                           | CUSIP: 44644NAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      262432 | PA      | $262822.57    | 0.03%             | 2032-10-20      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.629300 17-SEP-2030 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    11392637 | OU      | $-17301.15    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                                | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |      600000 | PA      | $742089.43    | 0.08%             | 2031-07-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED JPY / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | JP        |           1 | NC      | $4000.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                               | IHO Verwaltungs GmbH                                                             | CUSIP: 000000000<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |      200000 | PA      | $245929.08    | 0.03%             | 2028-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J7MC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        6145 | PA      | $5859.14      | 0.00%             | 2031-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 14.180000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |     5182763 | OU      | $-692.32      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 1.840500 18-DEC-2035 THO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    14507640 | OU      | $840.38       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                                 | Vodafone Group PLC                                                               | CUSIP: 92857WBW9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |       32000 | PA      | $29935.80     | 0.00%             | 2081-06-04      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | CITIGROUP INC                                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          41 | NC      | $13222.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.696000 17-SEP-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    11275682 | OU      | $-5418.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.056300 17-SEP-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    20469241 | OU      | $-2429.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                              | Uber Technologies Inc                                                            | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |        1545 | NS      | $151363.65    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                                | JPMorgan Chase & Co                                                              | CUSIP: 46647PCE4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     1677000 | PA      | $1206486.07   | 0.14%             | 2052-04-22      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $-634.39      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $-820.04      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                                     | Mariner Finance Issuance Trust 2025-A                                            | CUSIP: 567920AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      172000 | PA      | $174450.33    | 0.02%             | 2038-05-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.725000 06-MAY-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     5489881 | OU      | $-5354.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J55S4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       18919 | PA      | $18840.10     | 0.00%             | 2045-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                    | Sealed Air Corp                                                                  | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |      110000 | PA      | $109386.27    | 0.01%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |           1 | NC      | $5386.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VRTX Trust                                                         | VRTX Trust 2025-HQ                                                               | CUSIP: 91835XAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      710000 | PA      | $717043.70    | 0.08%             | 2042-08-05      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                                              | PURCHASED USD / SOLD CZK                                                         | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | US        |           1 | NC      | $-3081.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                              | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       30257 | PA      | $26732.06     | 0.00%             | 2036-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (CDX.NA.HY.45.V1)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     1316000 | OU      | $-103441.07   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133KPKT4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       97717 | PA      | $95221.48     | 0.01%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DVLH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       59431 | PA      | $48688.95     | 0.01%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                             | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       40000 | PA      | $16500.00     | 0.00%             | 2034-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Czech Republic                                                     | Czech Republic Government Bond                                                   | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |     5530000 | PA      | $256670.56    | 0.03%             | 2036-12-04      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | TR        |           1 | NC      | $1136.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP SA                                                             | EDP SA                                                                           | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | DBT              | CORP              | PT        |      200000 | PA      | $232616.82    | 0.03%             | 2081-08-02      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                             | Egypt Government International Bond                                              | CUSIP: 03846JAC4<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      428000 | PA      | $335124.00    | 0.04%             | 2061-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VERITAS SERIES G PREFERRED STO                                     | VERITAS SERIES G PREFERRED STO                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        1131 | NS      | $25730.25     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| XEROX CORPORATION                                                  | Xerox Corp                                                                       | CUSIP: 984121CS0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |       68000 | PA      | $69076.85     | 0.01%             | 2030-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                           | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      319000 | PA      | $324654.28    | 0.04%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | FREEPORT-MCMORAN INC                                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -31 | NC      | $-6339.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $-8133.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                      | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |      300000 | PA      | $330051.00    | 0.04%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED CZK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | CZ        |           1 | NC      | $7300.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.092100 17-SEP-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   165771791 | OU      | $-1365.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                            | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | US        |      250000 | PA      | $306698.92    | 0.03%             | 2032-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc                                                  | EOG Resources Inc                                                                | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |         988 | NS      | $110774.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.597500 17-SEP-2030 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    17902332 | OU      | $-25787.82    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133KLUA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      385650 | PA      | $331942.61    | 0.04%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MAXAM PRILL SARL                                                   | Maxam Prill Sarl                                                                 | CUSIP: 000000000<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |      254000 | PA      | $302746.54    | 0.03%             | 2030-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                | Sirius XM Radio LLC                                                              | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |      135000 | PA      | $122348.11    | 0.01%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QU2G0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      796911 | PA      | $825041.62    | 0.09%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALMAVIVA THE ITALIAN INN                                           | Almaviva-The Italian Innovation Co SpA                                           | CUSIP: 000000000<br>LEI: 815600A862DA4DD9E211 | Long             | DBT              | CORP              | IT        |      262000 | PA      | $312472.45    | 0.04%             | 2030-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                 | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                                         | CUSIP: 01728LKY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       75000 | PA      | $79035.07     | 0.01%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                              | Venezuela Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |      247000 | PA      | $58045.00     | 0.01%             | 2031-08-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                     | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                          | CUSIP: 64613CGK8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |      145000 | PA      | $151357.52    | 0.02%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                           | Foundation Finance Trust 2024-2                                                  | CUSIP: 35040VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       90476 | PA      | $90660.60     | 0.01%             | 2050-03-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                            | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    13562200 | PA      | $642424.38    | 0.07%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED CNH / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | CN        |           1 | NC      | $-1804.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                             | Lendmark Funding Trust 2024-1                                                    | CUSIP: 52603DAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $101609.22    | 0.01%             | 2032-06-21      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                                       | AES Andes SA                                                                     | CUSIP: 00111VAC1<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |      400000 | PA      | $423044.00    | 0.05%             | 2055-06-10      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| BANKINTER SA                                                       | Bankinter SA                                                                     | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | DBT              | CORP              | ES        |      100000 | PA      | $123106.35    | 0.01%             | 2034-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Company Inc                                           | Boxer Parent Company Inc 2025 EUR Term Loan B                                    | CUSIP: 05988HAP2<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |      997494 | PA      | $1174199.90   | 0.13%             | 2031-07-30      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                   | GGAM Finance Ltd                                                                 | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |       78000 | PA      | $80886.86     | 0.01%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                      | Citigroup Inc                                                                    | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     1262000 | PA      | $1285979.78   | 0.15%             | 2031-05-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                            | Asbury Automotive Group Inc                                                      | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |      111000 | PA      | $106585.80    | 0.01%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J8F24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        3915 | PA      | $3989.64      | 0.00%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                                                   | Peruvian Government International Bond                                           | CUSIP: 715638FB3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     5809000 | PA      | $1767392.91   | 0.20%             | 2035-08-12      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac REMICS                                                               | CUSIP: 3137HHC90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      627580 | PA      | $627370.88    | 0.07%             | 2054-11-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Thunder Logistics                                                  | Thunder Logistics 2024-1 DAC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | IE        |      127769 | PA      | $150156.79    | 0.02%             | 2036-11-17      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133KNCZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      189604 | PA      | $162865.14    | 0.02%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                        | Prologis LP                                                                      | CUSIP: 74340XCR0<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |      446000 | PA      | $459401.02    | 0.05%             | 2035-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                              | Wells Fargo Commercial Mortgage Trust 2019-C50                                   | CUSIP: 95001XBF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    12128308 | PA      | $453420.43    | 0.05%             | 2052-05-15      | Variable      | 1.57%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WH3T7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        6521 | PA      | $6297.94      | 0.00%             | 2031-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                      | TransDigm Inc                                                                    | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      200000 | PA      | $195994.56    | 0.02%             | 2029-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 2.293659 03-FEB-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      268720 | OU      | $-504.38      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                    | Gen Digital Inc                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |       94000 | PA      | $95440.64     | 0.01%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                                            | National Australia Bank Ltd                                                      | CUSIP: 000000000<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |      500000 | PA      | $333500.08    | 0.04%             | 2040-07-30      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue              | SAN ANTONIO TX ELEC & GAS REVENUE                                                | CUSIP: 79625GKP7<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |      335000 | PA      | $344742.28    | 0.04%             | 2054-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED USD / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |           1 | NC      | $64.05        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XFGS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      276685 | PA      | $237663.70    | 0.03%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MUANGTHAI CAPITAL PCL                                              | Muangthai Capital PCL                                                            | CUSIP: 000000000<br>LEI: 254900ZI1FO2W9132C98 | Long             | DBT              | CORP              | TH        |      300000 | PA      | $310965.00    | 0.04%             | 2030-07-21      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc                                              | Micron Technology Inc                                                            | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |        1695 | NS      | $283607.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                           | Permian Resources Operating LLC                                                  | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |      180000 | PA      | $182795.77    | 0.02%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                                        | Southern Co/The                                                                  | CUSIP: 000000000<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     1048000 | PA      | $1183437.62   | 0.13%             | 2081-09-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138EP6D1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         914 | PA      | $886.69       | 0.00%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.330000 21-AUG-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     4513342 | OU      | $527.61       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                             | Turkiye Government International Bonds                                           | CUSIP: 900123DJ6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |      200000 | PA      | $226100.00    | 0.03%             | 2030-07-13      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                            | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       31000 | PA      | $37108.92     | 0.00%             | 2039-07-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $23525.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Czech Republic                                                     | Czech Republic Government Bond                                                   | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    14940000 | PA      | $628708.01    | 0.07%             | 2030-05-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Post CLO LTD                                                       | Post CLO VI Ltd                                                                  | CUSIP: 73742RAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     2000000 | PA      | $2009267.80   | 0.23%             | 2038-01-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                       | US Foods Inc                                                                     | CUSIP: 90290MAG6<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |      118000 | PA      | $121616.94    | 0.01%             | 2028-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | NG        |           1 | NC      | $939.80       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                                            | Turkiye Government Bond                                                          | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     9906000 | PA      | $219701.16    | 0.02%             | 2033-10-05      | Fixed         | 26.20%                | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED IDR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | ID        |           1 | NC      | $-32389.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                              | Panama Government International Bonds                                            | CUSIP: 698299BX1<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      200000 | PA      | $220700.00    | 0.02%             | 2031-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138ETBX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1025 | PA      | $1003.92      | 0.00%             | 2031-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                                           | Thailand Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |   160072000 | PA      | $5186224.13   | 0.59%             | 2029-11-17      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EUTELSAT SA                                                        | Eutelsat SA                                                                      | CUSIP: 000000000<br>LEI: 549300MCOOY1V7P2PG30 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $126753.47    | 0.01%             | 2029-04-13      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CPUK FINANCE LTD                                                   | CPUK Finance Ltd                                                                 | CUSIP: 000000000<br>LEI: 6354003CVDDPNXREIR29 | Long             | DBT              | CORP              | JE        |      100000 | PA      | $131800.79    | 0.01%             | 2027-08-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED USD / SOLD HUF                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | US        |           1 | NC      | $8362.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |           1 | NC      | $6107.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DVLU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      227403 | PA      | $186758.67    | 0.02%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                      | Citigroup Inc                                                                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |        1478 | NS      | $150017.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                                        | PURCHASED CLP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CL        |           1 | NC      | $-3917.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                         | Navient Student Loan Trust                                                       | CUSIP: 63942TAB1<br>LEI: 549300761SV59SBM0Z40 | Long             | ABS-O            | CORP              | US        |      142092 | PA      | $143288.24    | 0.02%             | 2072-03-15      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                            | ATI Inc                                                                          | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |      115000 | PA      | $120713.78    | 0.01%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                                     | Open Text Corp                                                                   | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |      100000 | PA      | $94525.05     | 0.01%             | 2029-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTIL LTD                                              | Thames Water Utilities Ltd                                                       | CUSIP: 000000000<br>LEI: 213800JKM5UQHFJOTZ25 | Long             | DBT              | CORP              | GB        |         750 | PA      | $862.42       | 0.00%             | 2027-03-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                                   | Symphony CLO 40 Ltd                                                              | CUSIP: 871989AP4<br>LEI: 25490001HYY3IX1I5Z32 | Long             | ABS-CBDO         | CORP              | BM        |     3050000 | PA      | $3061770.56   | 0.35%             | 2038-01-05      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                                | General Electric Co                                                              | CUSIP: 369604BU6<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |      586000 | PA      | $591798.95    | 0.07%             | 2037-05-17      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                                               | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |      194000 | PA      | $188498.16    | 0.02%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140Q9Y23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        5449 | PA      | $5441.73      | 0.00%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNA Trust                                                          | FNA 8 LLC                                                                        | CUSIP: 30340WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      265704 | PA      | $267618.96    | 0.03%             | 2045-03-15      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.226000 17-SEP-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      299423 | OU      | $280.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | SWP: OIS 13.085000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |     1626563 | OU      | $-5156.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                                            | Turkiye Government Bond                                                          | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    12567077 | PA      | $284293.01    | 0.03%             | 2028-11-08      | Fixed         | 31.08%                | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                             | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |      206000 | PA      | $211612.06    | 0.02%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31417GHT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       88109 | PA      | $81011.02     | 0.01%             | 2043-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                                        | Rad CLO 18 Ltd                                                                   | CUSIP: 75009AAU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1130000 | PA      | $1133568.54   | 0.13%             | 2037-07-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                       | CSMC 2021-BHAR                                                                   | CUSIP: 12659VAA8<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |     1850000 | PA      | $1837859.38   | 0.21%             | 2038-11-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                           | Service Properties Trust                                                         | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |      686000 | PA      | $696543.82    | 0.08%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                           | Service Properties Trust                                                         | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |      222000 | PA      | $195699.72    | 0.02%             | 2027-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                                   | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $128082.74    | 0.01%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                                             | Republic of Poland Government Bond                                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    20506000 | PA      | $5849709.35   | 0.66%             | 2029-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.100000 17-SEP-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    46489911 | OU      | $-362.51      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                           | Benchmark 2020-B21 Mortgage Trust                                                | CUSIP: 08163LAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4801912 | PA      | $265077.54    | 0.03%             | 2053-12-17      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| VERITAS SERIES G 1 PREFERRED                                       | VERITAS SERIES G 1 PREFERRED                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |         780 | NS      | $17745.00     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Republic of South Africa                                           | Republic of South Africa Government International Bond                           | CUSIP: 836205AP9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      294000 | PA      | $271869.15    | 0.03%             | 2041-03-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140F5BJ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        2033 | PA      | $1937.88      | 0.00%             | 2031-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J75N1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        4152 | PA      | $4054.93      | 0.00%             | 2030-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 9.305000 09-JAN-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    48461355 | OU      | $-15608.65    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EDP SA                                                             | EDP SA                                                                           | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | DBT              | CORP              | PT        |      100000 | PA      | $121484.68    | 0.01%             | 2054-05-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                            | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327BAB6<br>LEI: N/A                  | Long             | DBT              |  | US        |      172000 | PA      | $168432.67    | 0.02%             | 2028-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                                     | Mariner Finance Issuance Trust 2024-A                                            | CUSIP: 567928AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      241000 | PA      | $244345.73    | 0.03%             | 2036-09-22      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                            | PURCHASED USD / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |           1 | NC      | $10159.07     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                            | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |           1 | NC      | $-4839.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Service Experts Issuer                                             | Service Experts Issuer 2021-1 LLC                                                | CUSIP: 81758VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       98036 | PA      | $96267.50     | 0.01%             | 2032-02-02      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                   | CSC Holdings LLC                                                                 | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      200000 | PA      | $168188.82    | 0.02%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| INFORMA PLC                                                        | Informa PLC                                                                      | CUSIP: 000000000<br>LEI: 5493006VM2LKUPSEDU20 | Long             | DBT              | CORP              | GB        |      404000 | PA      | $475195.97    | 0.05%             | 2031-06-09      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179MAY6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        4058 | PA      | $3927.83      | 0.00%             | 2042-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                             | US 2YR FUTR OPTN OCT25P 103.7                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         -21 | NC      | $-21.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Lendmark Funding Trust                                             | Lendmark Funding Trust 2024-2                                                    | CUSIP: 52590AAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $100270.48    | 0.01%             | 2034-02-21      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| LBA Trust                                                          | LBA Trust 2024-BOLT                                                              | CUSIP: 50177BAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      250000 | PA      | $249317.20    | 0.03%             | 2039-06-15      | Floating      | 8.59%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                                          | Caesars Entertainment Inc                                                        | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |        3619 | NS      | $97803.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 31335BJW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       32990 | PA      | $30407.34     | 0.00%             | 2043-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                             | US ULTRA BOND CBT DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         228 | NC      | $711215.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Highspring Holdings LLC                                            | Highspring Holdings LLC 2022 Term Loan                                           | CUSIP: 91865FAJ8<br>LEI: 54930076HTNXBP03T379 | Long             | LON              | CORP              | US        |      156330 | PA      | $134052.98    | 0.02%             | 2029-01-21      | Floating      | 9.15%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | WALT DISNEY CO/THE                                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -20 | NC      | $-2030.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | TR        |           1 | NC      | $613.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gracie Point International Funding                                 | Gracie Point International Funding 2024-1 LLC                                    | CUSIP: 38410KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      306000 | PA      | $306594.80    | 0.03%             | 2028-03-01      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 3617AXW42<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        4409 | PA      | $4204.29      | 0.00%             | 2047-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                  | EURO-OAT FUTURE DEC25                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         240 | NC      | $291167.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133A8S40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       16576 | PA      | $14982.79     | 0.00%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maverick Gaming LLC                                                | Maverick Gaming LLC 2024 Second Out Term Loan                                    | CUSIP: 57770JAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      118770 | PA      | $65323.36     | 0.01%             | 2028-06-05      | Floating      | 15.75%                | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                | Synchrony Financial                                                              | CUSIP: 87165BAV5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |       79000 | PA      | $81886.04     | 0.01%             | 2030-08-02      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                       | UBS Group AG                                                                     | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     1104000 | PA      | $1062871.90   | 0.12%             | 2033-02-24      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                            | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |       57000 | PA      | $57752.26     | 0.01%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY CO ISSUE                                               | Star Energy Geothermal Darajat II / Star Energy Geothermal Salak                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      200000 | PA      | $190750.00    | 0.02%             | 2038-10-14      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DK Trust                                                           | DK Trust 2025-LXP                                                                | CUSIP: 23292LAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      268000 | PA      | $268083.75    | 0.03%             | 2037-08-15      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $-961.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                     | PURCHASED CAD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | N/A              | DFE              |  | CA        |           1 | NC      | $-13329.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                               | Together Asset Backed Securitisation 2023-1ST2 PLC                               | CUSIP: 000000000<br>LEI: 635400JKBWLFDKJDAA39 | Long             | ABS-MBS          | CORP              | GB        |      203791 | PA      | $275977.96    | 0.03%             | 2065-04-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XGVQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      157557 | PA      | $139903.07    | 0.02%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED NOK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | NO        |           1 | NC      | $-2947.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AIA GROUP LTD                                                      | AIA Group Ltd                                                                    | CUSIP: 00131MAS2<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |     1000000 | PA      | $980190.00    | 0.11%             | 2054-09-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                                           | Allwyn Entertainment Financing UK PLC                                            | CUSIP: 000000000<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |      180000 | PA      | $221631.41    | 0.03%             | 2030-04-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust                                      | NYC Commercial Mortgage Trust 2025-3BP                                           | CUSIP: 67120UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      604000 | PA      | $602475.44    | 0.07%             | 2042-02-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ISHARES IBOXX HIGH YIELD COR                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -717 | NC      | $-41586.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                                       | Comcast Corp                                                                     | CUSIP: 20030NEF4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |      213000 | PA      | $199728.75    | 0.02%             | 2053-05-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                  | Post Holdings Inc                                                                | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      100000 | PA      | $100930.90    | 0.01%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| 3R LUX SARL                                                        | 3R Lux SARL                                                                      | CUSIP: 88563PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      200000 | PA      | $210840.00    | 0.02%             | 2031-02-05      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Japan Exchange Group                                               | NIKKEI 225                                                                       | CUSIP: 000000000<br>LEI: 353800578ADEGIJTVW07 | N/A              | DE               |  | JP        |          -3 | NC      | $-5781.52     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                                        | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | NG        |           1 | NC      | $1058.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHR Trust                                                          | SHR Trust 2024-LXRY                                                              | CUSIP: 784234AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      420000 | PA      | $423242.23    | 0.05%             | 2041-10-15      | Floating      | 8.60%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                              | Wells Fargo Commercial Mortgage Trust 2016-NXS5                                  | CUSIP: 95000CBG7<br>LEI: 549300SGFUCMB43V8P22 | Long             | ABS-MBS          | CORP              | US        |     1400000 | PA      | $1383210.78   | 0.16%             | 2059-01-15      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Improvement Loan Trust                   | GoodLeap Sustainable Home Solutions Trust 2021-3                                 | CUSIP: 382371AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      203076 | PA      | $161987.73    | 0.02%             | 2048-05-20      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | USD/INR One-touch barrier option; Barrier price USD 87.00000                     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |       45000 | OU      | $1458.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | XX        |           1 | NC      | $5882.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                             | Romania Government International Bonds                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       48000 | PA      | $42720.00     | 0.00%             | 2032-03-27      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                           | iHeartCommunications Inc                                                         | CUSIP: 45174HBM8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |       75000 | PA      | $62077.07     | 0.01%             | 2030-08-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CAPGEMINI SE                                                       | Capgemini SE                                                                     | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | DBT              | CORP              | FR        |      200000 | PA      | $232710.93    | 0.03%             | 2034-09-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                                              | China Government Bond                                                            | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |   105780000 | PA      | $15969413.60  | 1.81%             | 2031-05-27      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| KLEOPATRA FINCO SARL                                               | Kleopatra Finco Sarl                                                             | CUSIP: 000000000<br>LEI: 222100M6T1N8VIC8M726 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $66088.83     | 0.01%             | 2026-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                   | USD P JPY C @142.0000 EO                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | KY        |    23342000 | OU      | $1610.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $120.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.000000 24-APR-2029 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    12805813 | OU      | $256926.77    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |      281000 | PA      | $271008.76    | 0.03%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| iShares iBoxx $ High Yield Corporate Bond ETF                      | iShares iBoxx $ High Yield Corporate Bond ETF                                    | CUSIP: 464288513<br>LEI: 549300FCCXHK7O37PQ68 | Long             | EC               | RF                | US        |      136396 | NS      | $11073991.24  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae REMICS                                                                | CUSIP: 3136BR4Q7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1080826 | PA      | $1082139.84   | 0.12%             | 2054-06-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                                 | Ukraine Government International Bond                                            | CUSIP: 903724BZ4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      164312 | PA      | $111732.16    | 0.01%             | 2029-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                               | Alpha Generation LLC                                                             | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |       90000 | PA      | $92906.14     | 0.01%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                                | Somnigroup International Inc                                                     | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |      100000 | PA      | $91587.27     | 0.01%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | SWP: OIS 10.315000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |       97032 | OU      | $-1468.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Amgen Inc                                                          | Amgen Inc                                                                        | CUSIP: 031162CF5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |      279000 | PA      | $243720.03    | 0.03%             | 2051-06-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                     | CVR Energy Inc Term Loan B                                                       | CUSIP: 12663SAB7<br>LEI: 529900SOYZIXZBTXB558 | Long             | LON              | CORP              | US        |      222544 | PA      | $222544.42    | 0.03%             | 2027-12-30      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| CAP HILL BRANDS PREF EQUITY                                        | CAP HILL BRANDS PREF EQUITY                                                      | CUSIP: 000000000<br>LEI: U246OE781574J2BUD366 | Long             | EP               | CORP              | US        |      265896 | NS      | $2.66         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Hermitage Plc                                                      | Hermitage 2023 PLC                                                               | CUSIP: 000000000<br>LEI: 213800HDJNNMA7VXZZ69 | Long             | ABS-O            | CORP              | GB        |       84152 | PA      | $113323.60    | 0.01%             | 2033-09-21      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                    | Nissan Motor Co Ltd                                                              | CUSIP: 654744AD3<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |      200000 | PA      | $188416.98    | 0.02%             | 2030-09-17      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| CENTRICA PLC                                                       | Centrica PLC                                                                     | CUSIP: 000000000<br>LEI: E26EDV109X6EEPBKVH76 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $137684.08    | 0.02%             | 2055-05-21      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                                              | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |      133000 | PA      | $133052.67    | 0.02%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                     | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | TR        |           1 | NC      | $861.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OCEANA A 4YR NOTE UPSIZE                                           | OCEANA A 4YR NOTE UPSIZE                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |      348000 | PA      | $234025.01    | 0.03%             | 2028-07-31      | Fixed         | 10.50%                | No            |                  3 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | AR        |           1 | NC      | $-18440.96    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HELLENIC REPUBLIC                                                  | Hellenic Republic Government Bond                                                | CUSIP: 000000000<br>LEI: 2138003EKTMKZ5598902 | Long             | DBT              | NUSS              | GR        |     1740000 | PA      | $1940504.85   | 0.22%             | 2030-06-18      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                            | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       82000 | PA      | $99013.99     | 0.01%             | 2034-09-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD ARS                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $11122.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                                 | Regional Management Issuance Trust 2022-1                                        | CUSIP: 75907DAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      120425 | PA      | $119963.98    | 0.01%             | 2032-03-15      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $-762.97      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                | Petroleos Mexicanos                                                              | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      892000 | PA      | $902481.00    | 0.10%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                | Petroleos Mexicanos                                                              | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |       58000 | PA      | $57492.50     | 0.01%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 3617BTEQ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       38375 | PA      | $36589.05     | 0.00%             | 2048-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                   | SWAP/CDSWAP/SCDS: (BA)                                                           | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DCR              |  | US        |      300000 | OU      | $-5088.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SCHAEFFLER AG                                                      | Schaeffler AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $119328.98    | 0.01%             | 2028-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                                         | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     4373272 | PA      | $1434885.11   | 0.16%             | 2061-10-22      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DVLZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      145422 | PA      | $130547.08    | 0.01%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                                   | Great Wolf Trust 2024-WOLF                                                       | CUSIP: 39152MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1100000 | PA      | $1102062.50   | 0.12%             | 2039-03-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| VOLATO GROUP INC                                                   | VOLATO GROUP INC                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |        6834 | NS      | $68.34        | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BANK NEGARA INDONESIA                                              | Bank Negara Indonesia Persero Tbk PT                                             | CUSIP: 000000000<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | DBT              | CORP              | ID        |     1000000 | PA      | $970025.00    | 0.11%             | 2027-03-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QLZ82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       62296 | PA      | $53339.74     | 0.01%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                                     | Upgrade Master Pass-Thru Trust Series 2025-ST6                                   | CUSIP: 91533QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      675000 | PA      | $675603.59    | 0.08%             | 2032-10-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $-36739.23    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140EXCP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         350 | PA      | $338.14       | 0.00%             | 2031-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Domivest B.V.                                                      | Domi 2021-1 BV                                                                   | CUSIP: 000000000<br>LEI: 724500GC0MQI1HTJVG97 | Long             | ABS-MBS          | CORP              | NL        |       88554 | PA      | $104020.42    | 0.01%             | 2053-06-15      | Floating      | 2.64%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133AXTG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1112486 | PA      | $854835.60    | 0.10%             | 2051-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                                | Avantor Funding Inc                                                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |      100000 | PA      | $95096.51     | 0.01%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                                  | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      336000 | PA      | $74256.00     | 0.01%             | 2028-11-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                         | AbbVie Inc                                                                       | CUSIP: 00287YDW6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |      213000 | PA      | $211793.11    | 0.02%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0206A2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     7884000 | PA      | $6352646.21   | 0.72%             | 2055-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                             | US 5YR NOTE (CBT) DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -1111 | NC      | $120933.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INV 2024-IND Mortgage Trust                                        | INV 2024-IND Mortgage Trust                                                      | CUSIP: 45000DAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      940000 | PA      | $932950.00    | 0.11%             | 2041-11-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3131XYBA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      177521 | PA      | $174903.44    | 0.02%             | 2047-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | CITIGROUP INC                                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -41 | NC      | $-4961.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BFLD Trust                                                         | BFLD Commercial Mortgage Trust 2024-UNIV                                         | CUSIP: 08861RAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      360000 | PA      | $361350.00    | 0.04%             | 2041-11-15      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| HIH Trust                                                          | HIH Trust 2024-61P                                                               | CUSIP: 40444VAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      413807 | PA      | $415487.68    | 0.05%             | 2041-10-15      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                             | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      143737 | PA      | $69353.10     | 0.01%             | 2035-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED USD / SOLD CHF                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |           1 | NC      | $2121.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD ZAR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $-5303.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132WJUH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        1762 | PA      | $1608.36      | 0.00%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | AR        |           1 | NC      | $-3638.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179SEH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       78760 | PA      | $73292.27     | 0.01%             | 2046-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                   | USD C JPY P @151.0000 EO                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |   -23342000 | OU      | $-12954.81    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                 | PURCHASED USD / SOLD ZAR                                                         | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |           1 | NC      | $-16649.23    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares China Large-Cap ETF                                        | iShares China Large-Cap ETF                                                      | CUSIP: 464287184<br>LEI: 5493001YVWPO25CNKN94 | Long             | EC               | RF                | US        |        9138 | NS      | $375937.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMRZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       22695 | PA      | $21836.22     | 0.00%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WD6X4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         327 | PA      | $317.65       | 0.00%             | 2030-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                             | Banque Federative du Credit Mutuel SA                                            | CUSIP: 000000000<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |      500000 | PA      | $564244.58    | 0.06%             | 2027-11-19      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132JADY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        1958 | PA      | $1848.20      | 0.00%             | 2043-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                       | GS Mortgage Securities Corp Trust 2023-SHIP                                      | CUSIP: 36270GAE1<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |     1370000 | PA      | $1374265.91   | 0.16%             | 2038-09-10      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QKM96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      400192 | PA      | $343821.80    | 0.04%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 2.200000 04-JUN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1614386 | OU      | $-12649.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QQ3U7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      130051 | PA      | $134094.63    | 0.02%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                          | PG&E Corp                                                                        | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |      227000 | PA      | $233208.46    | 0.03%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                                     | Apidos CLO XXXVI                                                                 | CUSIP: 03769LAE8<br>LEI: 549300NWD6NYUKJT1J26 | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250655.03    | 0.03%             | 2034-07-20      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 8.145000 07-MAY-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    68579605 | OU      | $-34855.29    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | APPLE INC                                                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          14 | NC      | $18165.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | SWAP/CDSWAP/SCDS: (DB)                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | XX        |      176000 | OU      | $-2922.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                                    | CFCRE Commercial Mortgage Trust 2016-C4                                          | CUSIP: 12531YAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1700000 | PA      | $1688071.44   | 0.19%             | 2058-05-10      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                                   | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |           1 | NC      | $-3866.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31416VXQ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        4766 | PA      | $4729.16      | 0.00%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.617300 18-JUN-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1723029 | OU      | $-1030.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                           | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      200000 | PA      | $242310.70    | 0.03%             | 2029-09-17      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                                   | AMC Networks Inc                                                                 | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      309000 | PA      | $325608.75    | 0.04%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133KJUF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      514575 | PA      | $461492.36    | 0.05%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                    | CVS Health Corp                                                                  | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      105000 | PA      | $110223.01    | 0.01%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                               | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      200000 | PA      | $165750.00    | 0.02%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                            | PURCHASED EUR / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | XX        |           1 | NC      | $-1566.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OEG FINANCE PLC                                                    | OEG Finance PLC                                                                  | CUSIP: 000000000<br>LEI: 254900KMBHWF9UK63G44 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $245418.43    | 0.03%             | 2029-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ROSSINI SARL                                                       | Rossini Sarl                                                                     | CUSIP: 000000000<br>LEI: 549300EC5JCCW6F83R11 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $123860.87    | 0.01%             | 2029-12-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                                           | Focus Financial Partners LLC                                                     | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |       26000 | PA      | $26627.07     | 0.00%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XFA43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      110635 | PA      | $95446.33     | 0.01%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                              | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      200000 | PA      | $199706.40    | 0.02%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                  | Iron Mountain Inc                                                                | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |      200000 | PA      | $198932.42    | 0.02%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                                              | India Government Bond                                                            | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    29800000 | PA      | $330946.09    | 0.04%             | 2054-08-05      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| Orion CLO Ltd.                                                     | Orion CLO 2025-5 Ltd                                                             | CUSIP: 68627CAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      500000 | PA      | $505440.95    | 0.06%             | 2038-07-20      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJEZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        6310 | PA      | $6017.44      | 0.00%             | 2031-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                            | PURCHASED USD / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |           1 | NC      | $-1087.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                        | McAfee Corp                                                                      | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |      155000 | PA      | $143776.67    | 0.02%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                              | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |       82000 | PA      | $75672.90     | 0.01%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                              | Caesars Entertainment Inc                                                        | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |      104000 | PA      | $99448.47     | 0.01%             | 2029-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED INR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | IN        |           1 | NC      | $-30598.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SELF Commercial Mortgage Trust                                     | SELF Commercial Mortgage Trust 2024-STRG                                         | CUSIP: 81631WAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      410000 | PA      | $409103.13    | 0.05%             | 2034-11-15      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc                                         | Advanced Micro Devices Inc                                                       | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |         800 | NS      | $129432.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $-380.14      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                           | Brazil Notas do Tesouro Nacional Serie F                                         | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |       61000 | PA      | $10530.80     | 0.00%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                               | Republic of Uzbekistan International Bond                                        | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |      200000 | PA      | $214600.00    | 0.02%             | 2028-10-12      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | ZA        |           1 | NC      | $3208.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 6.933705 17-SEP-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1221214 | OU      | $-284.69      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $6.27         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                                | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |      150000 | PA      | $174979.21    | 0.02%             | 2029-09-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.185000 17-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1048409 | OU      | $340.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XKEQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1047414 | PA      | $906552.82    | 0.10%             | 2042-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AZUL SECURED FINANCE LLP                                           | Azul Secured Finance LLP                                                         | CUSIP: 05501WAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      223136 | PA      | $68123.42     | 0.01%             | 2028-08-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                                     | Mariner Finance Issuance Trust 2023-A                                            | CUSIP: 56847FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1468000 | PA      | $1478135.07   | 0.17%             | 2035-10-22      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| La Trobe Financial Capital Markets                                 | La Trobe Financial Capital Markets Trust 2025-1                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |      490709 | PA      | $324338.68    | 0.04%             | 2057-05-15      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                     | Amazon.com Inc                                                                   | CUSIP: 023135CK0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |      363000 | PA      | $292112.70    | 0.03%             | 2062-04-13      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Lyford Consolidated Independent School District/TX                 | LYFORD TX CONSOL INDEP SCH DIST                                                  | CUSIP: 550850FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      155000 | PA      | $141475.07    | 0.02%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | TR        |           1 | NC      | $396.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                                   | ITT Holdings LLC                                                                 | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |      211000 | PA      | $207441.40    | 0.02%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ADLER FINANCING SARL                                               | Adler Financing Sarl                                                             | CUSIP: 000000000<br>LEI: 213800BAQB59IVKP7S93 | Long             | DBT              | CORP              | LU        |      431233 | PA      | $538902.16    | 0.06%             | 2028-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                         | Intel Corp                                                                       | CUSIP: 458140CG3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |       83000 | PA      | $84856.28     | 0.01%             | 2033-02-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133A7UM9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        2551 | PA      | $2305.61      | 0.00%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                              | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |       30000 | PA      | $31061.89     | 0.00%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | AR        |           1 | NC      | $-1893.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138LTL63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         216 | PA      | $204.45       | 0.00%             | 2042-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 14.785000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |     2967099 | OU      | $231.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hydrofarm Holdings LLC                                             | Hydrofarm Holdings LLC 2021 Term Loan                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       91562 | PA      | $75080.44     | 0.01%             | 2028-10-25      | Floating      | 10.07%                | No            |                  3 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133KQ2Z8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       28422 | PA      | $29310.03     | 0.00%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Centene Corp                                                       | Centene Corp                                                                     | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |        5762 | NS      | $205588.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED JPY / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | JP        |           1 | NC      | $-91127.56    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                        | Citibank NA                                                                      | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |      572000 | PA      | $577060.92    | 0.07%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                               | Saudi Arabian Oil Co                                                             | CUSIP: 80414L2X2<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |      200000 | PA      | $202800.00    | 0.02%             | 2030-06-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138EPTL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       29704 | PA      | $27286.03     | 0.00%             | 2044-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J76Q3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       14992 | PA      | $14466.28     | 0.00%             | 2032-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Euro Parfums Fze                                                   | Euro Parfums Fze 2025 Upsize Term Loan                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |      119352 | PA      | $118755.24    | 0.01%             | 2028-09-01      | Floating      | 9.12%                 | No            |                  3 | On Loan: No      |
| RENEW POWER PVT LTD                                                | ReNew Pvt Ltd                                                                    | CUSIP: 000000000<br>LEI: 335800BITJZHVZ1CN475 | Long             | DBT              | CORP              | IN        |      200000 | PA      | $199722.00    | 0.02%             | 2027-03-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | ZA        |           1 | NC      | $18689.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                                     | Transocean International Ltd                                                     | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |      131000 | PA      | $129148.47    | 0.01%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                                 | USD P SGD C @1.270000 EO                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | LU        |     2190000 | OU      | $847.53       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MNTN INC                                                           | MNTN INC                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        6037 | NS      | $111986.35    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179W5D6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       95221 | PA      | $87593.25     | 0.01%             | 2052-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Tri Pointe Homes Inc                                               | Tri Pointe Homes Inc                                                             | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        5068 | NS      | $172159.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MCR Mortgage Trust                                                 | MCR 2024-HTL Mortgage Trust                                                      | CUSIP: 55286PAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      604269 | PA      | $601459.83    | 0.07%             | 2037-02-15      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| Gregory-Portland Independent School District/TX                    | GREGORY-PORTLAND TX INDEP SCHDIST                                                | CUSIP: 397586UB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      330000 | PA      | $349429.27    | 0.04%             | 2050-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SISECAM UK PLC                                                     | Sisecam UK PLC                                                                   | CUSIP: 000000000<br>LEI: 789000T82YRLMLUOC889 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $206798.00    | 0.02%             | 2029-05-02      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | XX        |           1 | NC      | $914.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Resimac                                                            | RESIMAC Premier Series 2025-1                                                    | CUSIP: 000000000<br>LEI: 213800R628L75GZ2RD25 | Long             | ABS-MBS          | CORP              | AU        |      440295 | PA      | $292368.42    | 0.03%             | 2056-09-12      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                                | Station Casinos LLC                                                              | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |      136000 | PA      | $139705.18    | 0.02%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | EUR P USD C @1.165000 EO                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | KY        |    -6129500 | OU      | $-100.75      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140GYJX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      118815 | PA      | $110563.90    | 0.01%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                             | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      200000 | PA      | $196403.40    | 0.02%             | 2028-09-28      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179SLS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       38869 | PA      | $36154.83     | 0.00%             | 2046-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140JSAE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       73197 | PA      | $60044.29     | 0.01%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                                             | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       26000 | PA      | $26439.30     | 0.00%             | 2033-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Affirm Master Trust                                                | Affirm Master Trust                                                              | CUSIP: 00833BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      610000 | PA      | $614882.44    | 0.07%             | 2033-02-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                                                | DENTSPLY SIRONA Inc                                                              | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |      100000 | PA      | $103063.50    | 0.01%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                                             | Lumen Technologies Inc                                                           | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |       56184 | NS      | $343846.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| POLAND GOVERNMENT BOND                                             | Republic of Poland Government Bond                                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     6941000 | PA      | $1838673.22   | 0.21%             | 2035-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                              | Freeport Indonesia PT                                                            | CUSIP: 000000000<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |     1000000 | PA      | $1023000.00   | 0.12%             | 2052-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3128MABR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       12950 | PA      | $12230.87     | 0.00%             | 2044-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | 5Y RTR 3.100000 18-NOV-2025                                                      | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   -33170000 | OU      | $-50603.82    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Post CLO LTD                                                       | Post CLO VI Ltd                                                                  | CUSIP: 73742RAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1000000 | PA      | $1010645.00   | 0.11%             | 2038-01-20      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J8HY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       14402 | PA      | $14322.06     | 0.00%             | 2048-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                             | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BZ7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |      241000 | PA      | $249468.72    | 0.03%             | 2035-07-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                                 | Ukraine Government International Bond                                            | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |        6697 | PA      | $3505.88      | 0.00%             | 2030-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $-3261.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                                | Avianca Midco 2 PLC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |      221000 | PA      | $220447.50    | 0.02%             | 2028-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| LESSEN HOLDINGS INC PREF                                           | LESSEN HOLDINGS INC PREF                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       10022 | NS      | $5011.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LBA Trust                                                          | LBA Trust 2024-BOLT                                                              | CUSIP: 50177BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      520000 | PA      | $520650.00    | 0.06%             | 2039-06-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                                           | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      326000 | PA      | $400492.70    | 0.05%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                           | Olympus Water US Holding Corp                                                    | CUSIP: 000000000<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |      300000 | PA      | $369410.12    | 0.04%             | 2028-11-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                        | BBCMS 2018-TALL Mortgage Trust                                                   | CUSIP: 05548WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      625000 | PA      | $592213.63    | 0.07%             | 2037-03-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418CS47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      159869 | PA      | $148906.56    | 0.02%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (ITRAXX.ASIA.XJ.IG.44.V1)                                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      164886 | OU      | $-2742.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                                  | Italy Buoni Poliennali Del Tesoro                                                | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |      740000 | PA      | $874349.11    | 0.10%             | 2035-10-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                                                    | Maya SAS/Paris France                                                            | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |      400000 | PA      | $428997.20    | 0.05%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                            | HCA Inc                                                                          | CUSIP: 404119CW7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      292000 | PA      | $293176.83    | 0.03%             | 2064-04-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                       | UBS Group AG                                                                     | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      200000 | PA      | $199510.40    | 0.02%             | 2026-07-29      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                                    | AREIT 2024-CRE9 Ltd                                                              | CUSIP: 00193AAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      571301 | PA      | $571397.77    | 0.06%             | 2041-05-17      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| LESSEN INC                                                         | LESSEN INC                                                                       | CUSIP: 527083AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      799292 | PA      | $743341.56    | 0.08%             | 2028-01-05      | Variable      | 12.81%                | No            |                  3 | On Loan: No      |
| UBS AG                                                             | PURCHASED USD / SOLD CHF                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $-1549.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | TR        |           1 | NC      | $21120.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 0.532500 30-OCT-2025 FTO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  3057000000 | OU      | $-848.56      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418CZN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        9909 | PA      | $10020.11     | 0.00%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |           1 | NC      | $11997.88     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                                     | NRG Energy Inc                                                                   | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |        1166 | NS      | $188833.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                           | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |       30000 | PA      | $29587.62     | 0.00%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140Q9YZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        5936 | PA      | $5928.35      | 0.00%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD EGP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $-617.53      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                                          | Alibaba Group Holding Ltd                                                        | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |        1056 | NS      | $188738.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ireland Government Bonds                                           | Ireland Government Bonds                                                         | CUSIP: 000000000<br>LEI: 549300KXBEJAOJ9OVF93 | Long             | DBT              | NUSS              | IE        |     2325000 | PA      | $2466167.50   | 0.28%             | 2055-10-18      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 6.810000 17-SEP-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    20630327 | OU      | $390.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                                 | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |      187000 | PA      | $194889.06    | 0.02%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                            | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |       68000 | PA      | $71131.94     | 0.01%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Boston Scientific Corp                                             | Boston Scientific Corp                                                           | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |        1417 | NS      | $138341.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DWDJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      149622 | PA      | $126674.59    | 0.01%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                      | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |      167000 | PA      | $172476.60    | 0.02%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                                             | Gran Tierra Energy Inc                                                           | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |      412000 | PA      | $347110.00    | 0.04%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                            | VZ Secured Financing BV                                                          | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |      201000 | PA      | $181848.36    | 0.02%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138ERM23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       14209 | PA      | $13897.50     | 0.00%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FINANCE LTD                                           | BHP Billiton Finance Ltd                                                         | CUSIP: 000000000<br>LEI: 549300KZMIS43NMT0A66 | Long             | DBT              | CORP              | AU        |      490000 | PA      | $573316.65    | 0.06%             | 2035-09-04      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD HUF                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $-61.92       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | ZA        |           1 | NC      | $8035.41      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                            | Imperial Brands Finance PLC                                                      | CUSIP: 000000000<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |      386000 | PA      | $449201.12    | 0.05%             | 2034-02-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                                | General Electric Co                                                              | CUSIP: 000000000<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |      576000 | PA      | $710739.17    | 0.08%             | 2035-09-19      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Aurium CLO                                                         | Aurium Clo VIII DAC                                                              | CUSIP: 000000000<br>LEI: 549300FEAY35HPC4RS38 | Long             | ABS-CBDO         | CORP              | IE        |      100000 | PA      | $118053.14    | 0.01%             | 2034-06-23      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| ConnectWise LLC                                                    | ConnectWise LLC 2021 Term Loan B                                                 | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      235453 | PA      | $235705.31    | 0.03%             | 2028-09-29      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| TRANSNET/SOUTH AFRICA                                              | Transnet/South Africa                                                            | CUSIP: 000000000<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |      200000 | PA      | $210824.00    | 0.02%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                                | Peru Government International Bonds                                              | CUSIP: 715638DF6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |       11000 | PA      | $10144.75     | 0.00%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-2 A PTT                                            | United Airlines 2019-2 Class A Pass Through Trust                                | CUSIP: 90932MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       35292 | PA      | $33494.20     | 0.00%             | 2028-05-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp                                                  | Lam Research Corp                                                                | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |        1728 | NS      | $231379.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: THB 1.605000 17-SEP-2035 THO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     7833000 | OU      | $3482.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J5GJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        4233 | PA      | $3992.76      | 0.00%             | 2045-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DM2Q7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       49387 | PA      | $40484.89     | 0.00%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                           | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |      103000 | PA      | $97461.76     | 0.01%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                            | Pfizer Investment Enterprises Pte Ltd                                            | CUSIP: 716973AH5<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |      681000 | PA      | $646371.42    | 0.07%             | 2063-05-19      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| European Loan Conduit                                              | Lagarino European Loan Conduit No 40 DAC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | IE        |      400000 | PA      | $471265.81    | 0.05%             | 2037-06-22      | Floating      | 3.52%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                                                     | Barings CLO Ltd 2020-I                                                           | CUSIP: 06762LAR9<br>LEI: 549300VMZDDY0435KV08 | Long             | ABS-CBDO         | CORP              | KY        |     1515000 | PA      | $1518846.28   | 0.17%             | 2038-01-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                                 | Vodafone Group PLC                                                               | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |      500000 | PA      | $565859.62    | 0.06%             | 2080-08-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                            | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              |  | US        |      164000 | PA      | $172724.80    | 0.02%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                  | Johnson & Johnson                                                                | CUSIP: 000000000<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |      100000 | PA      | $116189.97    | 0.01%             | 2037-02-26      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                       | GS Mortgage Securities Trust 2020-GSA2                                           | CUSIP: 36264KAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3415349 | PA      | $220301.28    | 0.02%             | 2053-12-12      | Variable      | 1.77%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | US        |           1 | NC      | $59.76        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                          | Nelnet Student Loan Trust 2025-A                                                 | CUSIP: 64033XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      570214 | PA      | $567962.08    | 0.06%             | 2057-03-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                                                  | INEOS Finance PLC                                                                | CUSIP: 000000000<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $232535.21    | 0.03%             | 2029-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36196FZJ6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        2454 | PA      | $2257.95      | 0.00%             | 2046-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SYNTHOMER PLC                                                      | Synthomer PLC                                                                    | CUSIP: 000000000<br>LEI: 213800EHT3TI1KPQQJ56 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $108637.64    | 0.01%             | 2029-05-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                               | PURCHASED USD / SOLD ZAR                                                         | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |           1 | NC      | $-76523.85    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Home Improvement Trust Issuer Trust                        | Goldman Home Improvement Trust 2022-GRN1 Issuer Trust                            | CUSIP: 38150YAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      306758 | PA      | $306907.18    | 0.03%             | 2052-06-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                                | LBM Acquisition LLC                                                              | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |       57000 | PA      | $52760.61     | 0.01%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                           | Republic of South Africa Government Bond                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    83434054 | PA      | $4847451.38   | 0.55%             | 2030-01-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.000000 17-JAN-2034 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     2938125 | OU      | $81901.12     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 5.550000 17-SEP-2028 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    45597042 | OU      | $135.02       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WHFL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        6838 | PA      | $6232.87      | 0.00%             | 2046-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QMLV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      139202 | PA      | $114623.39    | 0.01%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ATLAS COPCO FINANCE                                                | Atlas Copco Finance DAC                                                          | CUSIP: 000000000<br>LEI: 549300ZF2VKZ1G5T2U85 | Long             | DBT              | CORP              | IE        |      349000 | PA      | $410357.06    | 0.05%             | 2035-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QEBM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      327716 | PA      | $281453.59    | 0.03%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                             | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |      287000 | PA      | $315640.88    | 0.04%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| VONOVIA SE                                                         | Vonovia SE                                                                       | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | DBT              | CORP              | DE        |      200000 | PA      | $235527.70    | 0.03%             | 2032-05-20      | Fixed         | 0.88%                 | No            |                  1 | On Loan: No      |
| CITY OF ULAANBAATAAR MON                                           | City of Ulaanbaatar Mongolia                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |      300000 | PA      | $306112.50    | 0.03%             | 2027-08-21      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA O2 V DAC                                              | Virgin Media O2 Vendor Financing Notes V DAC                                     | CUSIP: 000000000<br>LEI: 635400ASSEVCXAPVGC36 | Long             | DBT              | CORP              | IE        |      100000 | PA      | $138994.12    | 0.02%             | 2032-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0526A5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     1966000 | PA      | $1982195.85   | 0.22%             | 2048-10-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 3617BUEB1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       13528 | PA      | $12898.45     | 0.00%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED CNH / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | CN        |           1 | NC      | $2.33         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae                                                                       | CUSIP: 21H0626A0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      754000 | PA      | $774374.00    | 0.09%             | 2054-10-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132AACD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       36729 | PA      | $35955.86     | 0.00%             | 2034-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 8.020000 26-MAR-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    33027376 | OU      | $-9915.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418ECY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       71741 | PA      | $61958.29     | 0.01%             | 2042-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | EUR P USD C @1.140000 EO                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |   -20229000 | OU      | $-807.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GAP INC/THE                                                        | Gap Inc/The                                                                      | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |       80000 | PA      | $72688.94     | 0.01%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | DR HORTON INC                                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          10 | NC      | $7450.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.368014 17-SEP-2030 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     3220156 | OU      | $-2822.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED TWD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | TW        |           1 | NC      | $-4170.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA                                           | Compass Minerals International Inc                                               | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |      100000 | PA      | $104517.70    | 0.01%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC                                              | QTS Issuer ABS II LLC                                                            | CUSIP: 74690FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      998000 | PA      | $993789.69    | 0.11%             | 2055-10-05      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $2750.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| U.K. Gilts                                                         | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |      700000 | PA      | $729177.43    | 0.08%             | 2045-01-22      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Toll Brothers Inc                                                  | Toll Brothers Inc                                                                | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |        1075 | NS      | $148500.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                | Citigroup Commercial Mortgage Trust 2016-C2                                      | CUSIP: 17291CBU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      750000 | PA      | $732323.10    | 0.08%             | 2049-08-10      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae                                                                       | CUSIP: 21H0226A4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     2280000 | PA      | $1962571.79   | 0.22%             | 2055-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $-312.42      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| XEROX HOLDINGS CORP                                                | Xerox Holdings Corp                                                              | CUSIP: 98421MAC0<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |       50000 | PA      | $27012.57     | 0.00%             | 2029-11-30      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                        | USD P TRY C @43.00000 EO                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |      253000 | OU      | $2802.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                           | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      300000 | PA      | $309129.72    | 0.03%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                          | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $181175.00    | 0.02%             | 2031-07-13      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                        | 5Y RTR 3.100000 14-NOV-2025                                                      | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | US        |   -26255000 | OU      | $-35889.27    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                     | EUR C USD P @1.190000 EO                                                         | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DFE              |  | US        |    -3561000 | OU      | $-13834.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CNY 1.631000 17-SEP-2030 CNR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     2138971 | OU      | $-306.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                | JPMorgan Chase & Co                                                              | CUSIP: 000000000<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      579000 | PA      | $723552.54    | 0.08%             | 2031-11-13      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.030000 17-SEP-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    20653014 | OU      | $-2147.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SESAC Finance, LLC                                                 | Sesac Finance LLC                                                                | CUSIP: 78396YAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       50235 | PA      | $51142.01     | 0.01%             | 2054-01-25      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140GSRR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       10905 | PA      | $10482.42     | 0.00%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132WJUD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        3229 | PA      | $2943.75      | 0.00%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QKWK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       12582 | PA      | $12142.62     | 0.00%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                      | MASSACHUSETTS ST                                                                 | CUSIP: 57582TCR1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |      210000 | PA      | $219839.83    | 0.02%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREENKO WIND PROJECTS MU                                           | Greenko Wind Projects Mauritius Ltd                                              | CUSIP: 000000000<br>LEI: 254900MSUXE1FF83DP82 | Long             | DBT              | CORP              | MU        |      995000 | PA      | $1013407.50   | 0.11%             | 2028-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                  | Johnson & Johnson                                                                | CUSIP: 478160CC6<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |      514000 | PA      | $524822.58    | 0.06%             | 2035-05-20      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WFAD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        2108 | PA      | $2045.93      | 0.00%             | 2030-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Kingdom of Belgium Government Bonds                                | Kingdom of Belgium Government Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ25JZFHRHWD76 | Long             | DBT              | NUSS              | BE        |      351000 | PA      | $270569.58    | 0.03%             | 2047-06-22      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                                    | Republic Finance Issuance Trust 2024-B                                           | CUSIP: 76042GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      152000 | PA      | $155119.28    | 0.02%             | 2037-11-20      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Canada Government Bonds                                            | Canada Government Bonds                                                          | CUSIP: 135087S47<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |       76000 | PA      | $54747.63     | 0.01%             | 2030-03-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                               | PURCHASED NZD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | NZ        |           1 | NC      | $-4201.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | USD C MXN P @19.20000 EO                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | LU        |     2011600 | OU      | $2619.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                           | Olympus Water US Holding Corp                                                    | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |      259000 | PA      | $271820.50    | 0.03%             | 2028-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Italian Stella Loans Srl                                           | Auto ABS Italian Stella Loans 2024-1 SRL                                         | CUSIP: 000000000<br>LEI: 81560077D223209D3A80 | Long             | ABS-O            | CORP              | IT        |      219318 | PA      | $258049.40    | 0.03%             | 2036-12-29      | Floating      | 2.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae REMICS                                                                | CUSIP: 3136BVWT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1592315 | PA      | $1597550.38   | 0.18%             | 2055-05-25      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD INR                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $3575.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | E-MINI RUSS 2000 DEC25                                                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         -19 | NC      | $-31404.65    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 13.010000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    16624000 | OU      | $-14360.33    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Solaris Energy Infrastructure Inc                                  | Solaris Energy Infrastructure Inc                                                | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |       13785 | NS      | $550986.45    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGROUP AG                                                        | Progroup AG                                                                      | CUSIP: 000000000<br>LEI: 529900YI5W5TQ8F2FP82 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $119499.64    | 0.01%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                                              | China Government Bond                                                            | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    74580000 | PA      | $10635239.93  | 1.20%             | 2029-04-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QE2F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       18706 | PA      | $17781.69     | 0.00%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                | Sirius XM Radio LLC                                                              | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |      132000 | PA      | $123804.06    | 0.01%             | 2030-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.350000 22-JUL-2026 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    11439720 | OU      | $54832.09     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133BJEZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       32837 | PA      | $31984.69     | 0.00%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| QSRP FINCO BV                                                      | QSRP Finco BV EUR Term Loan B                                                    | CUSIP: 000000000<br>LEI: 894500AXJRZ3TICBD793 | Long             | LON              | CORP              | BE        |     1000000 | PA      | $1181599.81   | 0.13%             | 2031-06-19      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED PEN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | PE        |           1 | NC      | $912.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL GRID NA INC                                               | National Grid North America Inc                                                  | CUSIP: 000000000<br>LEI: 5Q3U0WRKWZZGRMPYFT08 | Long             | DBT              | CORP              | US        |      406000 | PA      | $426944.05    | 0.05%             | 2031-01-20      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                                         | Affirm Asset Securitization Trust 2025-X1                                        | CUSIP: 00834MAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $100203.50    | 0.01%             | 2030-04-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | SWAP/CDSWAP/SCDS: (BA)                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | US        |      300000 | OU      | $-5354.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                       | GS Mortgage Securities Corp Trust 2021-ROSS                                      | CUSIP: 36264YAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      100000 | PA      | $94625.00     | 0.01%             | 2026-05-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                           | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |      102000 | PA      | $101172.58    | 0.01%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SGL GROUP APS                                                      | SGL Group ApS                                                                    | CUSIP: 000000000<br>LEI: 636700YQKGLXCPPUYE74 | Long             | DBT              | CORP              | DK        |      200000 | PA      | $232737.73    | 0.03%             | 2030-04-22      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 2.870000 11-JUN-2029 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     5166240 | OU      | $138932.30    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XGR43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       97219 | PA      | $78688.46     | 0.01%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PCL Funding                                                        | PCL Funding IX PLC                                                               | CUSIP: 000000000<br>LEI: 213800OC928ETRJNHM43 | Long             | ABS-O            | CORP              | GB        |      318000 | PA      | $429516.62    | 0.05%             | 2029-07-16      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| SRC SUKUK LTD                                                      | SRC Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 254900F2OG3526JLAV10 | Long             | DBT              | CORP              | KY        |      438000 | PA      | $437495.29    | 0.05%             | 2029-04-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-12177.88    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HEIMSTADEN BOSTAD TRESRY                                           | Heimstaden Bostad Treasury BV                                                    | CUSIP: 000000000<br>LEI: 549300ORG6UYMJBCV938 | Long             | DBT              | CORP              | NL        |      136000 | PA      | $156596.78    | 0.02%             | 2027-03-03      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | EG        |           1 | NC      | $999.49       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                            | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      597000 | PA      | $623174.95    | 0.07%             | 2036-01-28      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | ZA        |           1 | NC      | $1046.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | EUR C USD P @1.190000 EO                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | KY        |     1780500 | OU      | $6917.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                             | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      241000 | PA      | $231255.65    | 0.03%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 8.120000 05-SEP-2035 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    80000000 | OU      | $118109.14    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO                                                  | Trinidad & Tobago Government International Bond                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |      200000 | PA      | $203650.00    | 0.02%             | 2034-06-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                             | Rockford Tower CLO 2017-3 Ltd                                                    | CUSIP: 77341DAA5<br>LEI: 549300V5ZF7112UGSH89 | Long             | ABS-CBDO         | CORP              | KY        |       82225 | PA      | $82304.05     | 0.01%             | 2030-10-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                                           | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |      134000 | PA      | $141496.33    | 0.02%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Genius Sports Ltd                                                  | Genius Sports Ltd                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |       16197 | NS      | $200518.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TELECOM ITALIA CAPITAL                                             | Telecom Italia Capital SA                                                        | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |       46000 | PA      | $50958.44     | 0.01%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                 | PURCHASED JPY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | JP        |           1 | NC      | $-3140.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WOM MOBILE SA                                                      | WOM Mobile SA                                                                    | CUSIP: 97810LAA7<br>LEI: 549300T600VUO0QJ3063 | Long             | DBT              | CORP              | CL        |      296928 | PA      | $284783.64    | 0.03%             | 2031-04-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                                                 | MCR 2024-TWA Mortgage Trust                                                      | CUSIP: 582923AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      160000 | PA      | $162282.42    | 0.02%             | 2039-06-12      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| SENSATA TECH INC                                                   | Sensata Technologies Inc                                                         | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |       75000 | PA      | $72386.70     | 0.01%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $-865.53      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                                   | SoFi Consumer Loan Program 2025-1 Trust                                          | CUSIP: 83406YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $101131.80    | 0.01%             | 2034-02-27      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GLENCORE CAP FIN DAC                                               | Glencore Capital Finance DAC                                                     | CUSIP: 000000000<br>LEI: 213800HCUCI1HC7X6Q34 | Long             | DBT              | CORP              | IE        |      280000 | PA      | $328086.58    | 0.04%             | 2032-10-06      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                                                    | Maya SAS/Paris France                                                            | CUSIP: 000000000<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $124710.50    | 0.01%             | 2031-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QQFB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       81350 | PA      | $74620.04     | 0.01%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED JPY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | JP        |           1 | NC      | $-126294.07   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                            | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     1482000 | PA      | $1359555.86   | 0.15%             | 2033-02-24      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                             | US 10YR ULTRA FUT DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         254 | NC      | $-143065.08   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| BCP MODULAR SERVICES                                               | BCP V Modular Services Finance II PLC                                            | CUSIP: 000000000<br>LEI: 213800227GGD6UI7PI97 | Long             | DBT              | CORP              | GB        |      123000 | PA      | $154435.79    | 0.02%             | 2028-11-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.040000 19-MAR-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    27331079 | OU      | $-302.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD MYR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $2652.24      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SPIRIT AIR 2015-1 PTT A                                            | Spirit Airlines Pass Through Trust 2015-1A                                       | CUSIP: 84858DAA6<br>LEI: 549300DCAFIXFNFR3304 | Long             | DBT              | CORP              | US        |        7362 | PA      | $6985.01      | 0.00%             | 2028-04-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| SONDER WARRANTS 5 YR                                               | SONDER WARRANTS 5 YR                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       22714 | NS      | $12492.50     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.310000 26-AUG-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     2676309 | OU      | $305.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                           | Builders FirstSource Inc                                                         | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |      100000 | PA      | $94043.72     | 0.01%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418EE63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       17841 | PA      | $17388.81     | 0.00%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NCMF Trust                                                         | NCMF Trust 2025-MFS                                                              | CUSIP: 62887TAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      593000 | PA      | $598568.86    | 0.07%             | 2033-06-10      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                                     | Newday Funding Master Issuer PLC - Series 2024-2                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |      275000 | PA      | $371095.96    | 0.04%             | 2032-07-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                | COMM 2025-SBX Mortgage Trust                                                     | CUSIP: 20047UAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      823000 | PA      | $826908.76    | 0.09%             | 2041-08-10      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                            | Bristol-Myers Squibb Co                                                          | CUSIP: 110122EL8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |       35000 | PA      | $34710.37     | 0.00%             | 2064-02-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| DK Trust                                                           | DK Trust 2025-LXP                                                                | CUSIP: 23292LAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      287000 | PA      | $287269.06    | 0.03%             | 2037-08-15      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD PHP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $6698.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Trust 2024-PAT                                                                | CUSIP: 05612FAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      350000 | PA      | $352335.69    | 0.04%             | 2041-03-15      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                                                   | Flatiron CLO 23 LLC                                                              | CUSIP: 33883DAW4<br>LEI: 254900WPX2H2R5L2RO76 | Long             | ABS-CBDO         | CORP              | US        |      700000 | PA      | $706880.86    | 0.08%             | 2036-04-17      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| ELM Trust 2024                                                     | ELM Trust 2024-ELM                                                               | CUSIP: 26860XAA9<br>LEI: 254900IIXJ23M1M8Y987 | Long             | ABS-MBS          | CORP              | US        |      330000 | PA      | $332063.69    | 0.04%             | 2039-06-10      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| DBGS Mortgage Trust                                                | DBGS 2024-SBL                                                                    | CUSIP: 23306QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      190000 | PA      | $190593.75    | 0.02%             | 2034-08-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| 280 Park Avenue Mortgage Trust                                     | 280 Park Avenue 2017-280P Mortgage Trust                                         | CUSIP: 90205FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      634549 | PA      | $614719.34    | 0.07%             | 2034-09-15      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.135000 17-SEP-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      540432 | OU      | $-92.56       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                  | RHEINMETALL AG                                                                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |           2 | NC      | $434.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                                 | 2Y RTR 2.850000 22-DEC-2025                                                      | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |  -149819000 | OU      | $-100165.99   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                           | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      112000 | PA      | $115508.29    | 0.01%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                     | PURCHASED GBP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | N/A              | DFE              |  | GB        |           1 | NC      | $-177738.88   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DWCH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       93488 | PA      | $75789.53     | 0.01%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED CZK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CZ        |           1 | NC      | $-9684.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ELM Trust 2024                                                     | ELM Trust 2024-ELM                                                               | CUSIP: 26860XAU5<br>LEI: 254900IIXJ23M1M8Y987 | Long             | ABS-MBS          | CORP              | US        |      330000 | PA      | $333370.69    | 0.04%             | 2039-06-10      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                          | Nelnet Student Loan Trust 2021-A                                                 | CUSIP: 64035DAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      136000 | PA      | $122807.47    | 0.01%             | 2062-04-20      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XFRT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      221761 | PA      | $183556.78    | 0.02%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                        | SWP: OIS 9.950000 04-JAN-2027 BZD                                                | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |        1970 | OU      | $-41.28       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TR        |           1 | NC      | $291.38       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED CNY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CN        |           1 | NC      | $-51295.78    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Minejesa Capital BV                                                | Minejesa Capital BV                                                              | CUSIP: 602736AB6<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $198800.00    | 0.02%             | 2037-08-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust                          | GoodLeap Home Improvement Solutions Trust 2025-2                                 | CUSIP: 38238FAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      288000 | PA      | $293169.25    | 0.03%             | 2049-06-20      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                         | Navient Private Education Refi Loan Trust 2020-C                                 | CUSIP: 63941KAC9<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      349448 | PA      | $351993.34    | 0.04%             | 2068-11-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| ITELYUM REGENERATION SPA                                           | Itelyum Regeneration Spa                                                         | CUSIP: 000000000<br>LEI: 815600051FBC23AA8A45 | Long             | DBT              | CORP              | IT        |      200000 | PA      | $238894.28    | 0.03%             | 2030-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                            | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    41260400 | PA      | $2123124.53   | 0.24%             | 2033-05-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0304A3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      293000 | PA      | $280634.70    | 0.03%             | 2040-10-16      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BAYER AG                                                           | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $118564.00    | 0.01%             | 2082-03-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                 | Union Pacific Corp                                                               | CUSIP: 907818GA0<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |      121000 | PA      | $85976.05     | 0.01%             | 2072-02-14      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                           | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      200000 | PA      | $175209.80    | 0.02%             | 2031-04-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                                                 | Vertiv Holdings Co                                                               | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |        2237 | NS      | $337473.82    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                                       | Comcast Corp                                                                     | CUSIP: 20030NDW8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |      197000 | PA      | $112490.34    | 0.01%             | 2063-11-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                 | Meta Platforms Inc                                                               | CUSIP: 30303M8R6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |      180000 | PA      | $185122.96    | 0.02%             | 2063-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TREVA Equipment Finance                                            | TREVA Equipment Finance SA - Compartment 2024-1                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |       42392 | PA      | $49761.70     | 0.01%             | 2035-01-20      | Floating      | 2.83%                 | No            |                  2 | On Loan: No      |
| MUANGTHAI CAPITAL PCL                                              | Muangthai Capital PCL                                                            | CUSIP: 000000000<br>LEI: 254900ZI1FO2W9132C98 | Long             | DBT              | CORP              | TH        |     1000000 | PA      | $1012500.00   | 0.11%             | 2028-09-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                           | Hess Midstream Operations LP                                                     | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      113000 | PA      | $115189.95    | 0.01%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179XBQ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      472627 | PA      | $407545.48    | 0.05%             | 2052-07-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                       | ING Groep NV                                                                     | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $241165.47    | 0.03%             | 2035-08-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                                                  | Chile Government International Bond                                              | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |      587000 | PA      | $705108.19    | 0.08%             | 2032-01-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN BANK GMBH                                               | Volkswagen Bank GmbH                                                             | CUSIP: 000000000<br>LEI: 529900GJD3OQLRZCKW37 | Long             | DBT              | CORP              | DE        |      400000 | PA      | $471780.52    | 0.05%             | 2026-01-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                        | PUERTO RICO CMWLTH                                                               | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     1808724 | PA      | $1062132.54   | 0.12%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Hutto Independent School District                                  | HUTTO TX INDEP SCH DIST                                                          | CUSIP: 4484926L7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      160000 | PA      | $167118.81    | 0.02%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.770000 27-MAY-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     2568523 | OU      | $-2748.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | BR        |           1 | NC      | $1666.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                           | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AF2<br>LEI: N/A                  | Long             | DBT              |  | US        |      100000 | PA      | $99561.45     | 0.01%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                                    | OHA Credit Funding 20 Ltd                                                        | CUSIP: 67706LAA7<br>LEI: 254900K91AEUSA2ZSL12 | Long             | ABS-CBDO         | CORP              | KY        |     1030000 | PA      | $1030007.00   | 0.12%             | 2038-04-20      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                           | Angel Oak Mortgage Trust 2025-7                                                  | CUSIP: 03466TAA5<br>LEI: 254900QTRHHMG5RQ9X60 | Long             | ABS-MBS          | CORP              | US        |     1934827 | PA      | $1951411.99   | 0.22%             | 2070-06-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                                            | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                      | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      111000 | PA      | $103988.11    | 0.01%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                                                   | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      100000 | PA      | $114333.83    | 0.01%             | 2028-04-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 13.335000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      866544 | OU      | $493.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140Q83N3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      146969 | PA      | $145380.44    | 0.02%             | 2048-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Intel Corp                                                         | Intel Corp                                                                       | CUSIP: 458140BG4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |      251000 | PA      | $185392.29    | 0.02%             | 2047-12-08      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Century Communities Inc                                            | Century Communities Inc                                                          | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |        2891 | NS      | $183202.67    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                                     | Upgrade Master Pass-Thru Trust Series 2025-ST4                                   | CUSIP: 91533MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      187489 | PA      | $188280.64    | 0.02%             | 2032-08-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140EW4P7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         483 | PA      | $463.85       | 0.00%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX 2024-PALM                                                                     | CUSIP: 05612UAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      519231 | PA      | $520042.07    | 0.06%             | 2037-06-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                         | BFLD 2024-VICT Mortgage Trust                                                    | CUSIP: 05555VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      240000 | PA      | $240750.00    | 0.03%             | 2041-07-15      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| VERGE COMMON EQ                                                    | VERGE COMMON EQ                                                                  | CUSIP: 000000000<br>LEI: 549300Y1L2KQEZ7TU221 | Long             | EC               | CORP              | US        |       34837 | NS      | $6619.03      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140X83P0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       59939 | PA      | $49153.57     | 0.01%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3128MFF94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       41245 | PA      | $40813.58     | 0.00%             | 2032-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                             | HILLSBOROUGH CNTY FL AVIATION AUTH                                               | CUSIP: 432308W91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       75000 | PA      | $79481.90     | 0.01%             | 2049-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.550000 19-MAR-2030 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   112602349 | OU      | $14521.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                       | SM Energy Co                                                                     | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |      130000 | PA      | $130623.09    | 0.01%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                           | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      115000 | PA      | $115177.33    | 0.01%             | 2029-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AMBER FINCO PLC                                                    | Amber Finco PLC                                                                  | CUSIP: 000000000<br>LEI: 9845004C0870D380O790 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $123399.19    | 0.01%             | 2029-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-1020.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL                                           | Aston Martin Capital Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |      100000 | PA      | $130769.90    | 0.01%             | 2029-03-31      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| 1345 Trust                                                         | 1345T 2025-AOA                                                                   | CUSIP: 68271CAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      330000 | PA      | $330816.82    | 0.04%             | 2042-06-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418EAA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      840070 | PA      | $695640.71    | 0.08%             | 2041-12-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.054000 17-SEP-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      539002 | OU      | $-624.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.457500 17-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1769988 | OU      | $-1448.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179VSF8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      665308 | PA      | $550868.96    | 0.06%             | 2050-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $101.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 31329PZC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        1739 | PA      | $1713.75      | 0.00%             | 2048-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED AUD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | AU        |           1 | NC      | $-57730.22    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                           | Permian Resources Operating LLC                                                  | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |      104000 | PA      | $104465.50    | 0.01%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                            | Light & Wonder International Inc                                                 | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |       31000 | PA      | $31817.50     | 0.00%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-1475.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD CNH                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $1552.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: TWD 1.724000 17-DEC-2030 TAI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    26920000 | OU      | $-1493.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RUBIX GROUP MIDCO 3 LIMITED                                        | Rubix Group Midco 3 Limited 2024 EUR Term Loan                                   | CUSIP: 000000000<br>LEI: 213800ENCGCXQFBAPG24 | Long             | LON              | CORP              | GB        |     1000000 | PA      | $1181388.48   | 0.13%             | 2028-09-30      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 10.970000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |     7976000 | OU      | $93108.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WKK95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        5125 | PA      | $4935.65      | 0.00%             | 2032-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED NZD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | NZ        |           1 | NC      | $-1312.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418CS54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       53346 | PA      | $51268.89     | 0.01%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                                              | Philippine Government Bond                                                       | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   124840000 | PA      | $2199224.77   | 0.25%             | 2035-04-28      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | NASDAQ 100 E-MINI DEC25                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |          20 | NC      | $218649.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                                                  | Iron Mountain Inc                                                                | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |      170000 | PA      | $175190.27    | 0.02%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | TR        |           1 | NC      | $10248.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $-845.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 36180DSX6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        2887 | PA      | $2699.08      | 0.00%             | 2043-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 13.040000 02-JAN-2031 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |     7387000 | OU      | $-21749.29    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                     | PURCHASED USD / SOLD THB                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $5514.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMR49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       38394 | PA      | $37341.74     | 0.00%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                                 | EUR/HUF One-touch barrier option; Barrier price EUR 388.00000                    | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | LU        |       23000 | OU      | $7951.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                                    | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |      111000 | PA      | $117348.42    | 0.01%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| PGA National Resort Commercial Mortgage Trust                      | PGA Trust 2024-RSR2                                                              | CUSIP: 69381CAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      750000 | PA      | $750000.00    | 0.08%             | 2039-06-15      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| SPIRIT AIR 2017-1 PTT A                                            | Spirit Airlines Pass Through Trust 2017-1A                                       | CUSIP: 84858XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      214909 | PA      | $195881.10    | 0.02%             | 2030-02-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| MTR CORP CI LTD                                                    | MTR Corp CI Ltd                                                                  | CUSIP: 000000000<br>LEI: 254900SEVE6JAZLGDW04 | Long             | DBT              | CORP              | KY        |      400000 | PA      | $417144.00    | 0.05%             | 2035-09-24      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Trust 2024-CNYN                                                               | CUSIP: 05612HAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      576692 | PA      | $574638.79    | 0.07%             | 2041-04-15      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| Trane Technologies PLC                                             | Trane Technologies PLC                                                           | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |         213 | NS      | $89877.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.084800 17-SEP-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     4320554 | OU      | $-1713.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                  | EURO-SCHATZ FUT DEC25                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         -79 | NC      | $489.86       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE DATA STORAGE TECH                                          | SEAGATE DATA STORAGE TECH                                                        | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |       43000 | PA      | $48705.03     | 0.01%             | 2032-12-01      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.270000 17-SEP-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     2396878 | OU      | $-2222.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MVM ENERGETIKA ZRT                                                 | MVM Energetika Zrt                                                               | CUSIP: 000000000<br>LEI: 529900ELI5AQ9F74PF85 | Long             | DBT              | CORP              | HU        |      200000 | PA      | $211524.00    | 0.02%             | 2028-06-09      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                             | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              |  | US        |      166000 | PA      | $161849.44    | 0.02%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                              | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       42469 | PA      | $30981.14     | 0.00%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138XYBY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        5327 | PA      | $5070.45      | 0.00%             | 2042-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac REMICS                                                               | CUSIP: 3137HFPP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1881200 | PA      | $1878590.43   | 0.21%             | 2054-10-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP BIDCO LTD                                              | BOOTS GROUP BIDCO LTD EUR TERM LOAN                                              | CUSIP: 000000000<br>LEI: 254900Q2CMXV6QWMW891 | Long             | LON              | CORP              | GB        |     2400000 | PA      | $2839136.27   | 0.32%             | 2032-08-30      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                             | US 2YR FUTR OPTN OCT25C 104.2                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          11 | NC      | $11.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QQE84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       52849 | PA      | $48884.41     | 0.01%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                             | US 2YR FUTR OPTN NOV25C 104.5                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         -20 | NC      | $-1875.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| INDIA CLEANTECH ENERGY                                             | India Cleantech Energy                                                           | CUSIP: 000000000<br>LEI: 254900DGTS4HHR3Q6F66 | Long             | DBT              | CORP              | MU        |      759000 | PA      | $751789.50    | 0.09%             | 2026-08-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                                        | NVIDIA Corp                                                                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |        2560 | NS      | $477644.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services, Inc.                       | Fidelity National Information Services, Inc.                                     | CUSIP: 31620MBM7<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |      403000 | PA      | $447709.31    | 0.05%             | 2028-12-03      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AR        |           1 | NC      | $-2823.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd                                               | Steele Creek Clo 2017-1 Ltd                                                      | CUSIP: 85816VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       36014 | PA      | $36020.99     | 0.00%             | 2030-10-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                              | Wells Fargo Commercial Mortgage Trust 2024-BPRC                                  | CUSIP: 95004AAG8<br>LEI: 54930012YCNUERXJ1I74 | Long             | ABS-MBS          | CORP              | US        |      400000 | PA      | $403707.80    | 0.05%             | 2043-07-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.490000 04-AUG-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     2683398 | OU      | $497.86       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Canada Square Funding                                              | Canada Square Funding 2021-2 PLC                                                 | CUSIP: 000000000<br>LEI: 6354007J4JIXGCWTSJ05 | Long             | ABS-MBS          | CORP              | GB        |      112000 | PA      | $150882.55    | 0.02%             | 2058-06-17      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                            | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |      219000 | PA      | $213232.53    | 0.02%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                         | Grifols SA                                                                       | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |      200000 | PA      | $247416.55    | 0.03%             | 2030-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 2.182703 03-FEB-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      113133 | OU      | $-334.42      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                        | USD C TRY P @45.00000 EO                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |     -127000 | OU      | $-1486.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $1121.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418CCL6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1194 | PA      | $1138.81      | 0.00%             | 2031-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                                  | Gabon Government International Bond                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |      400000 | PA      | $370124.00    | 0.04%             | 2029-02-18      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QMT61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       70159 | PA      | $60081.00     | 0.01%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |           1 | NC      | $17129.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OT MIDCO LTD                                                       | OT Midco Ltd                                                                     | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      217000 | PA      | $146606.28    | 0.02%             | 2030-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                        | Chemours Co/The                                                                  | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |      122000 | PA      | $118995.71    | 0.01%             | 2028-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                                     | Brink's Co/The                                                                   | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |       85000 | PA      | $88412.33     | 0.01%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CAMERON LNG LLC                                                    | Cameron LNG LLC                                                                  | CUSIP: 133434AB6<br>LEI: 549300C39FLHGVD73K22 | Long             | DBT              | CORP              | US        |      396000 | PA      | $343846.28    | 0.04%             | 2035-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM AG                                                | Deutsche Telekom AG                                                              | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | DBT              | CORP              | DE        |       67000 | PA      | $50536.62     | 0.01%             | 2049-12-09      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL REP OF ETHIOPIA                                            | Ethiopia International Bond                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | ET        |      200000 | PA      | $191500.00    | 0.02%             | 2024-12-11      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J7MK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       16017 | PA      | $15243.76     | 0.00%             | 2032-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Italian Stella Loans Srl                                           | Auto ABS Italian Stella Loans 2024-1 SRL                                         | CUSIP: 000000000<br>LEI: 81560077D223209D3A80 | Long             | ABS-O            | CORP              | IT        |       95322 | PA      | $112468.09    | 0.01%             | 2036-12-29      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                                  | Rakuten Group Inc                                                                | CUSIP: 000000000<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |      200000 | PA      | $229775.80    | 0.03%             | 2027-04-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                             | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |      320000 | PA      | $320732.16    | 0.04%             | 2027-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.300000 24-APR-2026 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    30733951 | OU      | $62872.72     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AROUNDTOWN FINANCE SARL                                            | Aroundtown Finance Sarl                                                          | CUSIP: 000000000<br>LEI: 8945006LEXV2KWSWVP51 | Long             | DBT              | CORP              | LU        |      224000 | PA      | $277323.61    | 0.03%             | 2030-01-16      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                                         | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |      803989 | PA      | $809416.89    | 0.09%             | 2053-10-22      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                                               | Fortune Star BVI Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |     1200000 | PA      | $1394039.58   | 0.16%             | 2026-10-02      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ENGIE SA                                                           | Engie SA                                                                         | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $123710.69    | 0.01%             | 2033-03-14      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                                                | Malaysia Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     1368000 | PA      | $350248.31    | 0.04%             | 2053-03-31      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                           | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       66000 | PA      | $66566.08     | 0.01%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMRA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       29093 | PA      | $27451.90     | 0.00%             | 2044-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.400000 01-NOV-2033 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     5329016 | OU      | $-311930.04   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XL5C8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      603738 | PA      | $614206.77    | 0.07%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds            | Republic of South Africa Government International Bonds                          | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      400000 | PA      | $417200.00    | 0.05%             | 2036-11-19      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.110000 17-SEP-2030 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     5535061 | OU      | $-1341.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (CDX.EM.44.V1)                                                  | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      380474 | OU      | $8254.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QEUA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       28119 | PA      | $27073.31     | 0.00%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                                        | Extended Stay America Trust 2021-ESH                                             | CUSIP: 30227FAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      590293 | PA      | $590293.27    | 0.07%             | 2038-07-15      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 31335CCX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       19775 | PA      | $20037.34     | 0.00%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XFM40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      118839 | PA      | $102278.58    | 0.01%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 6.860000 17-SEP-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    12265702 | OU      | $-110.35      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                                           | SCIL IV LLC / SCIL USA Holdings LLC                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      150000 | PA      | $184816.12    | 0.02%             | 2028-07-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                  | DISH Network Corp                                                                | CUSIP: 25470MAF6<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |      254000 | PA      | $250282.42    | 0.03%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 13.480000 02-JAN-2031 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      337225 | OU      | $555.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARAMARK INTL FINANCE                                               | Aramark International Finance Sarl                                               | CUSIP: 000000000<br>LEI: 5493006HLPNGDDC12P30 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $235110.28    | 0.03%             | 2033-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD PHP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $19461.81     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | FSWP: OIS 8.230000 17-SEP-2030 IBR                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |  4536356613 | OU      | $22145.92     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED USD / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | US        |           1 | NC      | $143.80       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Park Blue CLO Ltd                                                  | Park Blue CLO 2022-II Ltd                                                        | CUSIP: 70018CAQ9<br>LEI: 2138008W8XU9WO8BZO09 | Long             | ABS-CBDO         | CORP              | KY        |     2000000 | PA      | $2006347.80   | 0.23%             | 2037-07-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Fulvia SPV SRL                                                     | Fulvia Spv Srl                                                                   | CUSIP: 000000000<br>LEI: 815600283046823DB425 | Long             | ABS-O            | CORP              | IT        |      100000 | PA      | $117612.52    | 0.01%             | 2041-12-23      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                           | Republic of South Africa Government Bond                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      364000 | PA      | $20706.91     | 0.00%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD ARS                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $9073.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EP INFRASTRUCTURE AS                                               | EP Infrastructure AS                                                             | CUSIP: 000000000<br>LEI: 315700I4J1M1NKGWWY89 | Long             | DBT              | CORP              | CZ        |     1255000 | PA      | $1427027.06   | 0.16%             | 2028-10-09      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 5.835000 16-JUN-2028 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   111505000 | OU      | $777.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Latch Inc                                                          | Latch Inc                                                                        | CUSIP: 51818V114<br>LEI: N/A                  | N/A              | DE               |  | US        |       12334 | NS      | $1.23         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 1.791000 18-SEP-2035 THO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    31830000 | OU      | $-56.95       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                                            | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      206000 | PA      | $234598.80    | 0.03%             | 2028-03-07      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CNY 1.666000 17-DEC-2030 CNR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1685000 | OU      | $-44.09       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 31307UR34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        6565 | PA      | $6395.16      | 0.00%             | 2032-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                                           | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |      300000 | PA      | $366550.57    | 0.04%             | 2032-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                                              | Becton Dickinson & Co                                                            | CUSIP: 075887CQ0<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |       44000 | PA      | $44554.76     | 0.01%             | 2028-02-13      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Trust 2024-PAT                                                                | CUSIP: 05612FAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1100000 | PA      | $1104132.37   | 0.12%             | 2041-03-15      | Floating      | 8.59%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                             | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BK6<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |      165000 | PA      | $153518.85    | 0.02%             | 2033-04-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140EW4N2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         927 | PA      | $890.73       | 0.00%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| French Republic Government Bonds OAT                               | French Republic Government Bonds OAT                                             | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |       40000 | PA      | $46616.57     | 0.01%             | 2030-05-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                                                | AUST 10Y BOND FUT DEC25                                                          | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |         197 | NC      | $-27024.56    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Signal Peak CLO, LLC                                               | Signal Peak CLO 8 Ltd                                                            | CUSIP: 826937AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1000000 | PA      | $1004134.70   | 0.11%             | 2037-10-20      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                        | Oracle Corp                                                                      | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      721000 | PA      | $662325.84    | 0.07%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                          | BlackRock Liquidity Funds: T-Fund, Institutional Shares                          | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |     4060769 | NS      | $4060768.64   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AL RAJHI SUKUK LTD                                                 | Al Rajhi Sukuk Ltd                                                               | CUSIP: 000000000<br>LEI: 549300FHETHK3XGY8N60 | Long             | DBT              | CORP              | KY        |      200000 | PA      | $201664.00    | 0.02%             | 2030-07-21      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMSH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       38266 | PA      | $36600.04     | 0.00%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                                             | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |       36000 | PA      | $36327.64     | 0.00%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD ARS                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $9239.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 0.954000 16-SEP-2027 THO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    36520000 | OU      | $-129.27      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.601200 19-MAR-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     2565049 | OU      | $-1446.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                             | UnitedHealth Group Inc                                                           | CUSIP: 91324PFM9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |      135000 | PA      | $134407.18    | 0.02%             | 2064-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3142GUKJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       66988 | PA      | $68811.21     | 0.01%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QFNP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      234296 | PA      | $202552.64    | 0.02%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                           | Sri Lanka Government International Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      134000 | PA      | $97753.00     | 0.01%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Spain Government Bonds                                             | Spain Government Bonds                                                           | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |      688000 | PA      | $693214.81    | 0.08%             | 2066-07-30      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ALPHABET INC                                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |           8 | NC      | $10420.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mila B.V.                                                          | Mila 2025-1 BV                                                                   | CUSIP: 000000000<br>LEI: 72450098VTA940FX5997 | Long             | ABS-O            | CORP              | NL        |      100000 | PA      | $117498.97    | 0.01%             | 2042-10-12      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                                     | Newday Funding Master Issuer PLC - Series 2025-2                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |      134000 | PA      | $180345.75    | 0.02%             | 2033-07-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140M2SS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      272308 | PA      | $235351.26    | 0.03%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Merit                                                              | MHP 2021-STOR                                                                    | CUSIP: 55293BAP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      760000 | PA      | $760000.00    | 0.09%             | 2038-07-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140Q8AB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        5295 | PA      | $5155.30      | 0.00%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |           1 | NC      | $90747.15     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD CAD                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $5735.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY                                                            | Hungary Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      186000 | PA      | $226584.26    | 0.03%             | 2027-02-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD THB                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $52965.04     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132GSSE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        4605 | PA      | $4374.35      | 0.00%             | 2042-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                            | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    27500000 | PA      | $1501151.47   | 0.17%             | 2027-06-03      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BERTRAND FRANCHISE                                                 | Bertrand Franchise Finance SAS                                                   | CUSIP: 000000000<br>LEI: 969500HGPPEHSTNJFW57 | Long             | DBT              | CORP              | FR        |      111000 | PA      | $124602.83    | 0.01%             | 2030-07-18      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                        | 30Y RTR 3.150000 26-NOV-2025                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | US        |   -15555000 | OU      | $-6166.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                             | US 2YR FUTR OPTN OCT25C 104.5                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         -22 | NC      | $-22.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                           | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              |  | US        |       85000 | PA      | $87387.68     | 0.01%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                                  | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      728000 | PA      | $762125.00    | 0.09%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                            | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       55000 | PA      | $56898.60     | 0.01%             | 2031-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PCF GMBH                                                           | PCF GmbH                                                                         | CUSIP: 000000000<br>LEI: 5299001ZMR76CCHGY076 | Long             | DBT              | CORP              | DE        |      122000 | PA      | $110575.65    | 0.01%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Exmoor Funding PLC                                                 | Exmoor Funding 2024-1 PLC                                                        | CUSIP: 000000000<br>LEI: 635400TJWGCUUIZAGH30 | Long             | ABS-MBS          | CORP              | GB        |      100000 | PA      | $135737.48    | 0.02%             | 2094-03-25      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $-240525.17   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QE2C5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       75049 | PA      | $71978.88     | 0.01%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140FHWD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         839 | PA      | $761.93       | 0.00%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OPERATING CO                                            | Five Point Operating Co LP                                                       | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       27000 | PA      | $27398.83     | 0.00%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                           | Univision Communications Inc                                                     | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |      195000 | PA      | $183929.28    | 0.02%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QRER0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      268109 | PA      | $276449.63    | 0.03%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                           | Capital One Financial Corp                                                       | CUSIP: 14040HCS2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |       80000 | PA      | $80823.92     | 0.01%             | 2028-05-10      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                                        | Extended Stay America Trust 2021-ESH                                             | CUSIP: 30227FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1037230 | PA      | $1037229.55   | 0.12%             | 2038-07-15      | Floating      | 7.96%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds                  | Argentina Republic Government International Bonds                                | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |       46449 | PA      | $33628.93     | 0.00%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140FCTF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        5388 | PA      | $4885.55      | 0.00%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                | Delta Air Lines Inc                                                              | CUSIP: 247361A32<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |      755000 | PA      | $770245.13    | 0.09%             | 2030-07-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Seasoned Mortgage Trust                                  | JP Morgan Seasoned Mortgage Trust 2014-1                                         | CUSIP: 46643VAN7<br>LEI: 549300PO5OQO1J76ZY81 | Long             | ABS-MBS          | CORP              | US        |     1415036 | PA      | $1355553.06   | 0.15%             | 2033-05-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140Q9U68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        7349 | PA      | $7340.26      | 0.00%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                             | EquipmentShare.com Inc                                                           | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |       31000 | PA      | $33131.00     | 0.00%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | SWP: OIS 14.865000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |     1376320 | OU      | $37.35        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Walt Disney Co/The                                                 | Walt Disney Co/The                                                               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |         791 | NS      | $90569.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0426A6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     4289000 | PA      | $4159720.32   | 0.47%             | 2055-10-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QMAG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       91919 | PA      | $78848.70     | 0.01%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Spain Government Bonds                                             | Spain Government Bonds                                                           | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |      740000 | PA      | $864966.09    | 0.10%             | 2035-10-31      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                               | Samarco Mineracao SA                                                             | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |      503340 | PA      | $505856.70    | 0.06%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ITHACA ENERGY NORTH                                                | Ithaca Energy North Sea PLC                                                      | CUSIP: 000000000<br>LEI: 213800BMMUN3AKWBIO91 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $118431.49    | 0.01%             | 2031-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                              | DirecTV Financing LLC 2025 Term Loan B                                           | CUSIP: 25460HAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      327600 | PA      | $319819.50    | 0.04%             | 2031-02-17      | Floating      | 9.81%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD ARS                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $8389.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 4.169300 23-OCT-2026 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     8267000 | OU      | $47523.21     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EUROBANK SA                                                        | Eurobank SA                                                                      | CUSIP: 000000000<br>LEI: 213800KGF4EFNUQKAT69 | Long             | DBT              | CORP              | GR        |      100000 | PA      | $121138.07    | 0.01%             | 2030-09-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                              | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      160000 | PA      | $167351.83    | 0.02%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 5.755000 17-SEP-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   678097000 | OU      | $-18245.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (CDX.NA.HY.44.V1)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     6725000 | OU      | $-546291.36   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Autonoria                                                          | Autonoria Spain 2021 FT                                                          | CUSIP: 000000000<br>LEI: 959800PAVFGQ48YNAE06 | Long             | ABS-O            | CORP              | ES        |       44511 | PA      | $52231.95     | 0.01%             | 2039-01-31      | Floating      | 2.67%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 3.930000 04-OCT-2033 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    12559776 | OU      | $256050.34    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.940000 19-MAR-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     2169330 | OU      | $34187.56     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |           1 | NC      | $32997.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED USD / SOLD INR                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |           1 | NC      | $25174.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Spain Government Bonds                                             | Spain Government Bonds                                                           | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    30885000 | PA      | $36120226.37  | 4.09%             | 2035-04-30      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | BR        |           1 | NC      | $-74.31       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |      100000 | PA      | $96627.43     | 0.01%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                            | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |           1 | NC      | $388.73       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Government National Mortgage Association                                         | CUSIP: 38384PC32<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      568826 | PA      | $569776.81    | 0.06%             | 2054-06-20      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XDY42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       82763 | PA      | $67845.76     | 0.01%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                                               | OI European Group BV                                                             | CUSIP: 000000000<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |      171000 | PA      | $207204.40    | 0.02%             | 2028-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                                             | FRONERI LUX FINCO SARL 2025 EUR TERM LOAN                                        | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | LON              | CORP              | LU        |     2034884 | PA      | $2391063.71   | 0.27%             | 2032-07-16      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                                        | Walmart Inc                                                                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |        1117 | NS      | $115118.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140HP4C8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       11098 | PA      | $11197.09     | 0.00%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds            | Republic of South Africa Government International Bonds                          | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      250000 | PA      | $200240.00    | 0.02%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                     | NRG Energy Inc                                                                   | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      200000 | PA      | $200239.29    | 0.02%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | SWP: OIS 13.115000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |    15813056 | OU      | $-16613.62    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Medical Solutions Holdings Inc                                     | Medical Solutions Holdings Inc 2021 2nd Lien Term Loan                           | CUSIP: 58462QAM3<br>LEI: 549300JH2XHZ7TIKYR39 | Long             | LON              | CORP              | US        |       74000 | PA      | $14923.58     | 0.00%             | 2029-11-01      | Floating      | 11.41%                | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 31335AYP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        5729 | PA      | $5185.82      | 0.00%             | 2046-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 3.864300 10-NOV-2027 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     8551900 | OU      | $86159.02     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                              | Civitas Resources Inc                                                            | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |      121000 | PA      | $125315.41    | 0.01%             | 2030-11-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                                 | Ukraine Government International Bond                                            | CUSIP: 903724CF7<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       21163 | PA      | $10211.15     | 0.00%             | 2035-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| TELEFONICA MOVILES CHILE                                           | Telefonica Moviles Chile SA                                                      | CUSIP: 87938XAB7<br>LEI: 549300PDWJ2U6A15B785 | Long             | DBT              | CORP              | CL        |      164000 | PA      | $89380.00     | 0.01%             | 2031-11-18      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| ATOS SE                                                            | Atos SE                                                                          | CUSIP: 000000000<br>LEI: 5493001EZOOA66PTBR68 | Long             | SN               | CORP              | FR        |      245868 | PA      | $332080.70    | 0.04%             | 2029-12-18      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138EQU26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         220 | PA      | $213.51       | 0.00%             | 2030-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                              | Mexico Government International Bonds                                            | CUSIP: 91087BBB5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     4065000 | PA      | $4278412.50   | 0.48%             | 2030-05-13      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                             | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      136000 | PA      | $138397.68    | 0.02%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | SWP: OIS 13.345000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |     2120000 | OU      | $621.52       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Commercial Mortgage Trust 2024-BRBK                                           | CUSIP: 05613NAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      250000 | PA      | $250309.83    | 0.03%             | 2041-10-15      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae                                                                       | CUSIP: 21H0406A6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      643000 | PA      | $604483.61    | 0.07%             | 2055-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                                               | Ryan Specialty LLC                                                               | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |       39000 | PA      | $37786.52     | 0.00%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                              | Schneider Electric SE                                                            | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | DBT              | CORP              | FR        |     1600000 | PA      | $1906210.19   | 0.22%             | 2027-11-09      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179VSL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       11168 | PA      | $10997.72     | 0.00%             | 2050-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                | COMM 2024-WCL1 MORTGAGE TRUST                                                    | CUSIP: 20047DAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      235000 | PA      | $234137.67    | 0.03%             | 2041-06-15      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                                        | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      200000 | PA      | $202880.00    | 0.02%             | 2028-03-03      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD COP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $3094.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHR Trust                                                          | SHR Trust 2024-LXRY                                                              | CUSIP: 784234AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      420000 | PA      | $420525.00    | 0.05%             | 2041-10-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                                | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |      200000 | PA      | $243240.32    | 0.03%             | 2029-01-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                      | UBS Commercial Mortgage Trust 2017-C4                                            | CUSIP: 90276RBH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1700000 | PA      | $1638123.06   | 0.19%             | 2050-10-15      | Variable      | 3.84%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                                           | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |      104000 | PA      | $122319.78    | 0.01%             | 2030-10-23      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (CHILE)                                                         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      204299 | OU      | $-4718.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                                   | Wand NewCo 3 Inc                                                                 | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |       72000 | PA      | $75860.64     | 0.01%             | 2032-01-30      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                                    | Yum! Brands Inc                                                                  | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |      100000 | PA      | $97161.63     | 0.01%             | 2032-01-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140GVZ99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       14394 | PA      | $14215.19     | 0.00%             | 2047-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                         | ROCK Trust 2024-CNTR                                                             | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      150000 | PA      | $156989.31    | 0.02%             | 2041-11-13      | Fixed         | 8.82%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                       | GS Mortgage Securities Corp Trust 2023-FUN                                       | CUSIP: 36267CAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1500000 | PA      | $1507500.00   | 0.17%             | 2028-03-15      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                | COMM 2025-167G Mortgage Trust                                                    | CUSIP: 12674VAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      324000 | PA      | $325188.50    | 0.04%             | 2040-08-10      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                        | RCKT Mortgage Trust 2023-CES1                                                    | CUSIP: 74935WAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      740000 | PA      | $749801.52    | 0.08%             | 2043-06-25      | Variable      | 7.98%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                                            | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      100000 | PA      | $116337.49    | 0.01%             | 2028-06-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Spain Government Bonds                                             | Spain Government Bonds                                                           | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |        1000 | PA      | $1099.45      | 0.00%             | 2030-10-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QMVL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      133628 | PA      | $119245.97    | 0.01%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                               | Reworld Holding Corp                                                             | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |      152000 | PA      | $142951.09    | 0.02%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                     | PURCHASED USD / SOLD HKD                                                         | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | N/A              | DFE              |  | US        |           1 | NC      | $21.32        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD HUF                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $-5981.96     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QETF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       29547 | PA      | $28507.75     | 0.00%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.000000 08-APR-2029 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    28993042 | OU      | $569778.30    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: USD 3.995900 26-JAN-2028 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    10280187 | OU      | $143167.62    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                       | ING Groep NV                                                                     | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |      600000 | PA      | $645912.88    | 0.07%             | 2030-11-29      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                         | Navient Private Education Refi Loan Trust 2021-D                                 | CUSIP: 63942CAA0<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      131462 | PA      | $130549.02    | 0.01%             | 2060-04-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                             | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      156080 | PA      | $84439.28     | 0.01%             | 2036-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $9348.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PENN Commercial Mortgage Trust                                     | PENN Commercial Mortgage Trust 2025-P11                                          | CUSIP: 69382VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      279000 | PA      | $283952.64    | 0.03%             | 2042-08-10      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                              | Guatemala Government Bond                                                        | CUSIP: 401494AW9<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |      405000 | PA      | $428895.00    | 0.05%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                                    | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $117679.04    | 0.01%             | 2031-02-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                              | Molina Healthcare Inc                                                            | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |      100000 | PA      | $92538.57     | 0.01%             | 2030-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ONE GAS INC                                                        | ONE Gas Inc                                                                      | CUSIP: 68235PAH1<br>LEI: 549300HXDWI0LATTX840 | Long             | DBT              | CORP              | US        |       35000 | PA      | $31794.82     | 0.00%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO Ltd                                            | Warwick Capital CLO 6 Ltd                                                        | CUSIP: 93656EAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1000000 | PA      | $1005763.40   | 0.11%             | 2038-07-20      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                   | CSC Holdings LLC 2019 Term Loan B5                                               | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |       89718 | PA      | $86717.44     | 0.01%             | 2027-04-15      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $-117.85      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                       | Broadcom Inc                                                                     | CUSIP: 11135FBY6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      247000 | PA      | $256645.02    | 0.03%             | 2031-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae REMICS                                                                | CUSIP: 3136BR2U0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1055419 | PA      | $1056633.14   | 0.12%             | 2054-06-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| VEOLIA ENVIRONNEMENT SA                                            | Veolia Environnement SA                                                          | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $117638.23    | 0.01%             | 2032-10-24      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| ZF EUROPE FINANCE BV                                               | ZF Europe Finance BV                                                             | CUSIP: 000000000<br>LEI: 549300RI533US2G6G542 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $227423.32    | 0.03%             | 2027-10-23      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL                                              | Takeda Pharmaceutical Co Ltd                                                     | CUSIP: 874060AX4<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |      415000 | PA      | $376891.00    | 0.04%             | 2030-03-31      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                                                  | MC Brazil Downstream Trading SARL                                                | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |      201598 | PA      | $172769.61    | 0.02%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $6482.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | NVIDIA CORP                                                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -13 | NC      | $-9035.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HTL Commercial Mortgage Trust                                      | HTL Commercial Mortgage Trust 2024-T53                                           | CUSIP: 404300AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      750000 | PA      | $776089.20    | 0.09%             | 2039-05-10      | Variable      | 10.60%                | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED CZK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CZ        |           1 | NC      | $-49960.44    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                             | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822DP6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |     1000000 | PA      | $1020851.00   | 0.12%             | 2036-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| iShares MSCI Brazil ETF                                            | iShares MSCI Brazil ETF                                                          | CUSIP: 464286400<br>LEI: 5493006D2L7KY3ZDF809 | Long             | EC               | RF                | US        |        4886 | NS      | $151466.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| One Market Plaza Trust                                             | One Market Plaza Trust 2017-1MKT                                                 | CUSIP: 68245HAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      850000 | PA      | $801886.35    | 0.09%             | 2032-02-10      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DVLW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      107875 | PA      | $88491.43     | 0.01%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132M9MM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        2215 | PA      | $2065.57      | 0.00%             | 2044-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SASOL Financing USA LLC                                            | Sasol Financing USA LLC                                                          | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |      200000 | PA      | $199062.00    | 0.02%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DARLING GLOBAL FINANCE                                             | Darling Global Finance BV                                                        | CUSIP: 000000000<br>LEI: 724500R2BQXOR6YG2Y67 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $118535.35    | 0.01%             | 2032-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GESTAMP AUTOMOCION SA                                              | Gestamp Automocion SA                                                            | CUSIP: 000000000<br>LEI: 95980020140005484363 | Long             | DBT              | CORP              | ES        |      100000 | PA      | $117869.04    | 0.01%             | 2030-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                           | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |       20000 | PA      | $18302.11     | 0.00%             | 2032-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds                             | Ecuador Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      135799 | PA      | $101204.31    | 0.01%             | 2035-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                                             | RR Donnelley & Sons Co                                                           | CUSIP: 257867BK6<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |      231000 | PA      | $230380.34    | 0.03%             | 2029-08-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Concord Music Royalties, LLC                                       | Concord Music Royalties LLC                                                      | CUSIP: 20633KAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      895000 | PA      | $901739.44    | 0.10%             | 2074-10-20      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133A7KE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       55995 | PA      | $48012.30     | 0.01%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivables Trust                              | OneMain Direct Auto Receivables Trust 2025-1                                     | CUSIP: 682684AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $101862.56    | 0.01%             | 2037-07-14      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| PROJECT MONTELENA                                                  | PROJECT MONTELENA                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | DE        |      419058 | PA      | $449585.81    | 0.05%             | 2030-06-20      | Fixed         | 10.25%                | No            |                  3 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue | SAN FRANCISCO CA CITY & CNTY PUB UTILS COMMN WTR REVENUE                         | CUSIP: 79771FLK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       80000 | PA      | $84163.84     | 0.01%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                                  | Italy Buoni Poliennali Del Tesoro                                                | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |      232000 | PA      | $296190.10    | 0.03%             | 2044-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                             | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              |  | US        |      176000 | PA      | $181437.34    | 0.02%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $-37123.43    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                                                     | PECO Energy Co                                                                   | CUSIP: 693304BG1<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |      169000 | PA      | $163630.90    | 0.02%             | 2054-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QHBG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      230059 | PA      | $197200.95    | 0.02%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AR        |           1 | NC      | $-2598.74     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SCENTRE GROUP TRST 1                                               | Scentre Group Trust 1                                                            | CUSIP: 000000000<br>LEI: 549300SQ859FBKRKSI77 | Long             | DBT              |  | AU        |      430000 | PA      | $280857.68    | 0.03%             | 2035-09-18      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BELLIS ACQUISITION CO PL                                           | Bellis Acquisition Co PLC                                                        | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $119151.48    | 0.01%             | 2031-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Noria                                                              | FCT Noria 2025                                                                   | CUSIP: 000000000<br>LEI: 5493003C5ECZD3NDSV63 | Long             | ABS-O            | CORP              | FR        |      100000 | PA      | $117706.80    | 0.01%             | 2043-07-25      | Floating      | 2.77%                 | No            |                  2 | On Loan: No      |
| BMP Trust                                                          | BMP 2024-MF23                                                                    | CUSIP: 05593JAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      310000 | PA      | $310000.00    | 0.04%             | 2041-06-15      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| DBSG 2024-ALTA Mortgage Trust                                      | DBSG 2024-ALTA Mortgage Trust                                                    | CUSIP: 239918AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      312000 | PA      | $317238.98    | 0.04%             | 2037-06-10      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| MOTION FINCO SARL                                                  | Motion Finco Sarl                                                                | CUSIP: 000000000<br>LEI: 2549002L1LBQZKA7UN30 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $211524.92    | 0.02%             | 2030-06-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140HJF71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        6498 | PA      | $6463.43      | 0.00%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                             | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |       79000 | PA      | $75765.75     | 0.01%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                               | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      163000 | PA      | $164624.30    | 0.02%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.734500 11-MAY-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     4291441 | OU      | $819.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                      | Boeing Co/The                                                                    | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |        1700 | NS      | $118269.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LIFEPOINT HEALTH INC                                               | LifePoint Health Inc                                                             | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |      174000 | PA      | $191775.32    | 0.02%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                           | Cooperatieve Rabobank UA                                                         | CUSIP: 000000000<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |      700000 | PA      | $857905.33    | 0.10%             | 2030-01-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD MYR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $1844.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133B2ME6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      149226 | PA      | $122594.35    | 0.01%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3128MJJN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       12554 | PA      | $12885.37     | 0.00%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ISHARES IBOXX HIGH YIELD COR                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -361 | NC      | $-6498.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SA                                                     | EUR P USD C @1.165000 EO                                                         | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DFE              |  | US        |     1749000 | OU      | $1991.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Electricite de France SA                                           | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      200000 | PA      | $269804.99    | 0.03%             | 2026-01-29      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                           | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 000000000<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |      208000 | PA      | $255126.74    | 0.03%             | 2030-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| IMA INDUSTRIA MACCHINE                                             | IMA Industria Macchine Automatiche SpA                                           | CUSIP: 000000000<br>LEI: 815600D86992FDA7B908 | Long             | DBT              | CORP              | IT        |      200000 | PA      | $236983.81    | 0.03%             | 2029-04-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Stratton Mortgage Funding PLC                                      | Stratton Mortgage Funding 2024-3 PLC                                             | CUSIP: 000000000<br>LEI: 635400HN3D5CAXKQB937 | Long             | ABS-MBS          | CORP              | GB        |      154427 | PA      | $207825.18    | 0.02%             | 2049-06-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ECHOSTAR CORP                                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -25 | NC      | $-5812.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD EGP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $-16865.57    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                                   | AMC Networks Inc                                                                 | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      100000 | PA      | $105743.50    | 0.01%             | 2032-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                                 | FSWP: OIS 8.640000 17-SEP-2030 IBR                                               | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |  1246393485 | OU      | $803.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                       | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                                      | CUSIP: 59465PGQ5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |      145000 | PA      | $148743.59    | 0.02%             | 2050-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BELLIS ACQUISITION CO PL                                           | Bellis Acquisition Co PLC                                                        | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |      250000 | PA      | $321762.34    | 0.04%             | 2030-05-14      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                           | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |      400000 | PA      | $377136.28    | 0.04%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                                             | Service Experts Issuer 2024-1 LLC                                                | CUSIP: 81758FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      131432 | PA      | $134410.35    | 0.02%             | 2035-11-20      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140L7GE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       12747 | PA      | $10926.26     | 0.00%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | XX        |           1 | NC      | $3174.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds                             | Ecuador Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      224096 | PA      | $147903.36    | 0.02%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 5.140000 19-MAR-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    10080531 | OU      | $-107903.97   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                                            | DREAM FINDERS HOMES INC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        1320 | NS      | $1310100.00   | 0.15%             |  |  |  | No            |                  3 | On Loan: No      |
| UBS AG                                                             | PURCHASED USD / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $44942.34     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Amentum Holdings Inc                                               | Amentum Holdings Inc                                                             | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |        5265 | NS      | $126096.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Michigan State University                                          | MICHIGAN ST UNIV REVENUES                                                        | CUSIP: 594712C74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      120000 | PA      | $124279.29    | 0.01%             | 2055-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179TLT0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       22614 | PA      | $21635.78     | 0.00%             | 2047-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WHARF Commercial Mortgage Trust                                    | WHARF Commercial Mortgage Trust 2025-DC                                          | CUSIP: 92987LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      108000 | PA      | $109836.66    | 0.01%             | 2040-07-15      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                                           | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |        2000 | PA      | $1866.48      | 0.00%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $229.72       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Commercial Mortgage Trust 2024-MF                                             | CUSIP: 05612EAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      664091 | PA      | $665414.38    | 0.08%             | 2039-02-15      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| SONDER HOLDINGS CLS A LEGENDED                                     | SONDER HOLDINGS CLS A LEGENDED                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        2292 | NS      | $2910.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132WJUE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        3433 | PA      | $3122.87      | 0.00%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 3.250130 15-DEC-2028 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     9062626 | OU      | $7928.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMRY3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       43389 | PA      | $42086.30     | 0.00%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NIGERIA T-BILL                                                     | Nigeria Treasury Bill                                                            | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |  2447149000 | PA      | $1591827.67   | 0.18%             | 2025-12-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SU                                           | Camelot Return Merger Sub Inc                                                    | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      133000 | PA      | $128678.19    | 0.01%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                             | US LONG BOND(CBT) DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          57 | NC      | $168674.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BRACELET HOLDINGS INC                                              | Bracelet Holdings Inc                                                            | CUSIP: 10374QAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      536000 | PA      | $515800.46    | 0.06%             | 2028-07-02      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJ4K1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       11724 | PA      | $10630.16     | 0.00%             | 2047-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED USD / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $70729.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                              | Wells Fargo & Co                                                                 | CUSIP: 95000U2Z5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      542000 | PA      | $476160.42    | 0.05%             | 2053-04-25      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                                               | Boots Group Finco LP                                                             | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |      100000 | PA      | $137007.98    | 0.02%             | 2032-08-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AR        |           1 | NC      | $-5139.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: USD 3.445900 26-JAN-2028 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    10280187 | OU      | $-35417.83    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Mortimer BTL Plc                                                   | Mortimer 2024-Mix PLC                                                            | CUSIP: 000000000<br>LEI: 213800F12CZ391USLI51 | Long             | ABS-MBS          | CORP              | GB        |      100000 | PA      | $135003.30    | 0.02%             | 2067-09-22      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL                                           | Aston Martin Capital Holdings Ltd                                                | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |      200000 | PA      | $195811.16    | 0.02%             | 2029-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 3.990000 17-SEP-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1419727 | OU      | $745.67       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INDOFOOD CBP SUKSES MAKM                                           | Indofood CBP Sukses Makmur Tbk PT                                                | CUSIP: 000000000<br>LEI: 254900YKZW9GRKZZN285 | Long             | DBT              | CORP              | ID        |      455000 | PA      | $392437.50    | 0.04%             | 2051-06-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DYNAMO NEWCO II GMBH                                               | Dynamo Newco II GmbH                                                             | CUSIP: 000000000<br>LEI: 391200FDSPYB8FKV7F97 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $121733.09    | 0.01%             | 2031-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                             | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      128000 | PA      | $131500.80    | 0.01%             | 2028-06-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                             | Verizon Communications Inc                                                       | CUSIP: 92343VGC2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |      837000 | PA      | $589577.86    | 0.07%             | 2061-03-22      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED USD / SOLD PLN                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $3035.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                        | 5Y RTP 3.550000 12-DEC-2025                                                      | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | US        |   -35561000 | OU      | $-110190.03   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                                 | Howard Hughes Corp/The                                                           | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |      104000 | PA      | $103589.43    | 0.01%             | 2028-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC GLOBAL HLDINGS                                           | Medtronic Global Holdings SCA                                                    | CUSIP: 000000000<br>LEI: 549300JXMTTP8GKYIX14 | Long             | DBT              | CORP              | LU        |      543000 | PA      | $452933.73    | 0.05%             | 2040-10-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED USD / SOLD SEK                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $1345.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CEDACRI SPA                                                        | Cedacri SpA                                                                      | CUSIP: 000000000<br>LEI: 815600E85FCD78B3EE61 | Long             | DBT              | CORP              | IT        |      150000 | PA      | $177914.85    | 0.02%             | 2028-05-15      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QEN57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      105408 | PA      | $90584.54     | 0.01%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                       | SM Energy Co                                                                     | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |      102000 | PA      | $102078.64    | 0.01%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Republic of Angola                                                 | Angolan Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      200000 | PA      | $200390.00    | 0.02%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 14.200000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      150740 | OU      | $1.79         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CIRKUL COM 35.41 WARRANTS                                          | CIRKUL COM 35.41 WARRANTS                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |        1021 | NS      | $520.71       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.250000 17-OCT-2025 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    75674473 | OU      | $-175620.67   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                            | PURCHASED USD / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |           1 | NC      | $-200.40      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 14.000000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      537500 | OU      | $-140.91      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138XTVX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        2747 | PA      | $2702.73      | 0.00%             | 2029-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CNY 1.582500 19-MAR-2028 CNR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     7239500 | OU      | $10.18        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                           | Capital One Financial Corp                                                       | CUSIP: 14040HCZ6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |      101000 | PA      | $105950.22    | 0.01%             | 2029-06-08      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                            | HCA Inc                                                                          | CUSIP: 404119DC0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      436000 | PA      | $450075.14    | 0.05%             | 2055-03-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                             | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |      267000 | PA      | $276934.11    | 0.03%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                                    | Golub Capital Partners CLO 50B-R Ltd                                             | CUSIP: 38178DAU1<br>LEI: 254900N3E7Y6I5DRGW52 | Long             | ABS-CBDO         | CORP              | JE        |      405000 | PA      | $405639.90    | 0.05%             | 2035-04-20      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418DUF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      215235 | PA      | $165564.56    | 0.02%             | 2050-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust                      | BHG Securitization Trust 2021-A                                                  | CUSIP: 08861YAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       17252 | PA      | $17068.43     | 0.00%             | 2033-11-17      | Fixed         | 1.42%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.050000 18-OCT-2025 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    39524722 | OU      | $-171686.14   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                                  | Lithia Motors Inc                                                                | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |      100000 | PA      | $94961.74     | 0.01%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3128MENS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        5847 | PA      | $5749.32      | 0.00%             | 2029-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                          | ATLANTA GA ARPT REVENUE                                                          | CUSIP: 04780M3C1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      135000 | PA      | $140308.16    | 0.02%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SCENTRE GROUP TRST 1                                               | Scentre Group Trust 1                                                            | CUSIP: 000000000<br>LEI: 549300SQ859FBKRKSI77 | Long             | DBT              |  | AU        |      400000 | PA      | $267935.54    | 0.03%             | 2055-03-31      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                                                | Churchill Downs Inc                                                              | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |      150000 | PA      | $149789.30    | 0.02%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $15499.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ALPHABET INC                                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          -8 | NC      | $-2068.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                             | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |       93000 | PA      | $93911.68     | 0.01%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                           | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       97000 | PA      | $91827.93     | 0.01%             | 2030-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| VERSA NETWORKS INC                                                 | VERSA NETWORKS INC                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      168283 | NS      | $1001283.85   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| One New York Plaza Trust 2020-1NYP                                 | One New York Plaza Trust 2020-1NYP                                               | CUSIP: 68249DAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      270000 | PA      | $256499.22    | 0.03%             | 2036-01-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.494000 17-SEP-2030 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    11494923 | OU      | $-13634.21    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VIVION INVESTMENTS                                                 | Vivion Investments Sarl                                                          | CUSIP: 000000000<br>LEI: 529900SJ7X71ESJK9N76 | Long             | DBT              | CORP              | LU        |      121907 | PA      | $141934.58    | 0.02%             | 2029-02-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                              | Freedom Mortgage Corp                                                            | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |      168000 | PA      | $187411.06    | 0.02%             | 2030-10-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                        | BNP Paribas SA                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |      500000 | PA      | $574790.03    | 0.07%             | 2027-10-14      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| ROBERT BOSCH GMBH                                                  | Robert Bosch GmbH                                                                | CUSIP: 000000000<br>LEI: 529900F0LT5OP4SV6122 | Long             | DBT              | CORP              | DE        |      300000 | PA      | $351959.31    | 0.04%             | 2043-06-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Cayuga Park CLO, Ltd.                                              | Cayuga Park CLO Ltd                                                              | CUSIP: 149791AS4<br>LEI: 549300SVH2QJEV4A2G21 | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250415.03    | 0.03%             | 2034-07-17      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                                      | FirstCash Inc                                                                    | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |       72000 | PA      | $74419.78     | 0.01%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.936250 19-MAR-2030 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    50773791 | OU      | $-115799.12   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CONTINUUM ENERGY PTE LTD                                           | CONTINUUM ENERGY PTE LTD                                                         | CUSIP: 211926AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |      423687 | PA      | $423687.00    | 0.05%             | 2027-09-11      | Variable      | 12.85%                | No            |                  3 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMRK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       44570 | PA      | $43394.51     | 0.00%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD CAD                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $1092.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AES CORP/THE                                                       | AES Corp/The                                                                     | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |      100000 | PA      | $98137.51     | 0.01%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138ERJL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       14362 | PA      | $12984.83     | 0.00%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARKET BIDCO FINCO PLC                                             | Market Bidco Finco PLC                                                           | CUSIP: 000000000<br>LEI: 549300UGYX6EBVHRVG53 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $132234.59    | 0.01%             | 2031-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                                  | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      162000 | PA      | $35802.00     | 0.00%             | 2049-04-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                             | USD/TWD Down-and-out barrier option; Barrier price USD 29.00000                  | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |      352000 | OU      | $862.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIGRE Trust                                                        | FIGRE Trust 2025-HE3                                                             | CUSIP: 31684LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1861088 | PA      | $1884009.98   | 0.21%             | 2055-05-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                                      | Parkland Corp                                                                    | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |       68000 | PA      | $66113.86     | 0.01%             | 2030-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NEW IMMO HOLDING SA                                                | New Immo Holding SA                                                              | CUSIP: 000000000<br>LEI: 5493007LOTJ0I8E94R81 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $118803.01    | 0.01%             | 2028-12-08      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RCI BANQUE SA                                                      | RCI Banque SA                                                                    | CUSIP: 000000000<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |      300000 | PA      | $358362.06    | 0.04%             | 2037-03-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMY33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       27864 | PA      | $22829.04     | 0.00%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INSURANCE AUSTRALIA GRP                                            | Insurance Australia Group Ltd                                                    | CUSIP: 000000000<br>LEI: 549300PFEWKNHRG25N08 | Long             | DBT              | CORP              | AU        |      200000 | PA      | $132750.24    | 0.02%             | 2037-06-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (ITRAXX.EUR.43.V1)                                              | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     2922161 | OU      | $77683.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                       | GS Mortgage Securities Corp Trust 2023-SHIP                                      | CUSIP: 36270GAJ0<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |      420000 | PA      | $423016.78    | 0.05%             | 2038-09-10      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.000000 12-JAN-2034 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     4075500 | OU      | $113495.98    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WH3H3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       39674 | PA      | $36050.50     | 0.00%             | 2046-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CIFC European Funding                                              | CIFC European Funding CLO I DAC                                                  | CUSIP: 000000000<br>LEI: 635400RKFO6YLRKH3C54 | Long             | ABS-CBDO         | CORP              | IE        |      100000 | PA      | $118023.24    | 0.01%             | 2032-07-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                                            | Mong Duong Finance Holdings BV                                                   | CUSIP: 000000000<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |      677601 | PA      | $669977.63    | 0.08%             | 2029-05-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                                           | Greensaif Pipelines Bidco Sarl                                                   | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $210112.00    | 0.02%             | 2042-08-23      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| HOLOGIC INC                                                        | Hologic Inc                                                                      | CUSIP: 436440AP6<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |      120000 | PA      | $115870.99    | 0.01%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HONO Mortgage Trust                                                | HONO 2021-LULU Mortgage Trust                                                    | CUSIP: 40390MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      695000 | PA      | $691959.38    | 0.08%             | 2036-10-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| KONDOR FINANCE PLC (NAK)                                           | NAK Naftogaz Ukraine via Kondor Finance PLC                                      | CUSIP: 000000000<br>LEI: 213800PUC1T9GI6EIO63 | Long             | DBT              | CORP              | GB        |      233512 | PA      | $182723.13    | 0.02%             | 2028-11-08      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED AUD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | AU        |           1 | NC      | $-85.87       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED THB / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | TH        |           1 | NC      | $-123401.07   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                            | Pakistan Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      200000 | PA      | $199600.00    | 0.02%             | 2027-12-05      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140FHWE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        2159 | PA      | $1957.23      | 0.00%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $86.66        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (ITRAXX.EUR.44.V1)                                              | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      721000 | OU      | $-18364.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                | COMM 2016-DC2 Mortgage Trust                                                     | CUSIP: 12594CBJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      100000 | PA      | $99361.12     | 0.01%             | 2049-02-10      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMQ81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      117042 | PA      | $108146.23    | 0.01%             | 2050-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ENGIE SA                                                           | Engie SA                                                                         | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |      900000 | PA      | $941889.93    | 0.11%             | 2033-09-19      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31410KXB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         925 | PA      | $935.54       | 0.00%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QELS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      339664 | PA      | $291898.17    | 0.03%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 5.800000 16-JUN-2028 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   111505000 | OU      | $404.48       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                                | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |       13671 | PA      | $12119.89     | 0.00%             | 2030-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trust                                    | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                               | CUSIP: 34461WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      410000 | PA      | $410128.13    | 0.05%             | 2039-12-15      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bonds                             | Lebanon Government International Bonds                                           | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      182000 | PA      | $40222.00     | 0.00%             | 2027-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $7742.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                              | Civitas Resources Inc                                                            | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |      308000 | PA      | $306519.14    | 0.03%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                             | GreenSky Home Improvement Trust 2024-1                                           | CUSIP: 39571MAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      261098 | PA      | $266981.51    | 0.03%             | 2059-06-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED DKK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | DK        |           1 | NC      | $1422.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 2.328759 03-FEB-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      159341 | OU      | $-8.91        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3128MFCX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       10581 | PA      | $10253.16     | 0.00%             | 2031-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                               | Saudi Government International Bonds                                             | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |      303000 | PA      | $198086.25    | 0.02%             | 2061-02-02      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                                | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |      700000 | PA      | $873841.14    | 0.10%             | 2033-07-10      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.697500 17-SEP-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     6686232 | OU      | $-3190.75     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Digital Room Holdings Inc                                          | Digital Room Holdings Inc 2021 Term Loan                                         | CUSIP: 78473KAB5<br>LEI: 549300I680V3FDWE2N30 | Long             | LON              | CORP              | US        |      132205 | PA      | $129560.90    | 0.01%             | 2028-12-21      | Floating      | 9.51%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WHD25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        3026 | PA      | $2922.10      | 0.00%             | 2031-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0406A0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     2210000 | PA      | $2082621.04   | 0.24%             | 2055-10-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hamlin Park CLO                                                    | Hamlin Park CLO Ltd                                                              | CUSIP: 407907AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |     3000000 | PA      | $3011208.30   | 0.34%             | 2037-10-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                            | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     1028600 | PA      | $56902.56     | 0.01%             | 2029-05-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | AR        |           1 | NC      | $-373.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                   | CALIFORNIA ST POLL CONTROL FING AUTH WTR FURNISHING REVENUE                      | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      180000 | PA      | $176454.96    | 0.02%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | BR        |           1 | NC      | $1559.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.835000 09-JAN-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     6125824 | OU      | $-449.65      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                                              | PURCHASED SEK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | SE        |           1 | NC      | $-26417.81    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ISHARES CHINA LARGE-CAP ETF                                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -516 | NC      | $-3870.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA NA                                                 | USD P IDR C @16000.00 EO                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |    -7827000 | OU      | $-10558.62    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                | Intesa Sanpaolo SpA                                                              | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |       17084 | NS      | $113082.04    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ISHARES BITCOIN TRUST ETF                                                        | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -102 | NC      | $-11424.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                                           | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAD0<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |      200000 | PA      | $210900.00    | 0.02%             | 2031-05-20      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 3.137500 12-MAY-2033                                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     5752341 | OU      | $-120894.11   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                       | Comcast Corp                                                                     | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |      271000 | PA      | $160814.00    | 0.02%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| INFRASTRUTTURE WIRELESS                                            | Infrastrutture Wireless Italiane SpA                                             | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $112706.77    | 0.01%             | 2028-10-21      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 8.470000 25-FEB-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   112438824 | OU      | $32363.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED USD / SOLD PLN                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $7117.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac REMICS                                                               | CUSIP: 3137HBXV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      409113 | PA      | $411542.54    | 0.05%             | 2054-03-25      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| EGYPT GOVERNMENT BOND                                              | Egypt Government Bond                                                            | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     1177000 | PA      | $24154.20     | 0.00%             | 2028-03-04      | Fixed         | 21.95%                | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                | Elevance Health Inc                                                              | CUSIP: 036752BE2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |       46000 | PA      | $45528.52     | 0.01%             | 2055-02-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                            | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     1987000 | PA      | $2054767.99   | 0.23%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 31335AGZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        8060 | PA      | $8273.75      | 0.00%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRESTIGEBIDCO GMBH                                                 | PrestigeBidCo GmbH                                                               | CUSIP: 000000000<br>LEI: 529900CSF1DNOCHMI763 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $118071.22    | 0.01%             | 2029-07-01      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QNE57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      245358 | PA      | $211191.79    | 0.02%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | FSWP: OIS 8.675000 17-SEP-2030 IBR                                               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |  2101921893 | OU      | $595.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SELF Commercial Mortgage Trust                                     | SELF Commercial Mortgage Trust 2024-STRG                                         | CUSIP: 81631WAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      630000 | PA      | $628818.75    | 0.07%             | 2034-11-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| CART                                                               | CONE Trust 2024-DFW1                                                             | CUSIP: 20682AAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      160000 | PA      | $159908.06    | 0.02%             | 2041-08-15      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $-2824.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                      | J.P. Morgan Chase Commercial Mortgage Securities Trust 2024-OMNI                 | CUSIP: 46593JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      250000 | PA      | $255023.98    | 0.03%             | 2039-10-05      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED MXN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | MX        |           1 | NC      | $18323.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                                                | Benin Government International Bond                                              | CUSIP: 000000000<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |      100000 | PA      | $107793.11    | 0.01%             | 2035-01-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority               | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE                            | CUSIP: 43233KAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      150000 | PA      | $158210.03    | 0.02%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                                       | VOYA CLO 2017-2                                                                  | CUSIP: 92915UAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      620000 | PA      | $620911.40    | 0.07%             | 2030-06-07      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                           | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      200000 | PA      | $246538.80    | 0.03%             | 2032-06-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                                        | Netflix Inc                                                                      | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |         196 | NS      | $234988.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Q-PARK HOLDING I BV                                                | Q-Park Holding I BV                                                              | CUSIP: 000000000<br>LEI: 2549003839B7HE3NDP48 | Long             | DBT              | CORP              | NL        |      215000 | PA      | $260724.28    | 0.03%             | 2030-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-2533.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UKG INC                                                            | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |      164000 | PA      | $169220.94    | 0.02%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EGYPT GOVERNMENT BOND                                              | Egypt Government Bond                                                            | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    18123000 | PA      | $368095.74    | 0.04%             | 2028-02-04      | Fixed         | 21.38%                | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJQF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        6010 | PA      | $5722.19      | 0.00%             | 2036-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140Y66J4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       57966 | PA      | $59435.99     | 0.01%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                           | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |      100000 | PA      | $103818.90    | 0.01%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Sapphire Trust                                                     | SAPPHIRE XXXII SERIES 2025-1 TRUST                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | AU        |     1000000 | PA      | $662871.16    | 0.08%             | 2066-06-14      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| MAHLE GMBH                                                         | Mahle GmbH                                                                       | CUSIP: 000000000<br>LEI: 52990098TR1QJBWIYG58 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $121532.35    | 0.01%             | 2031-05-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                            | International Bank for Reconstruction & Development                              | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    40000000 | PA      | $452422.18    | 0.05%             | 2028-04-24      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                                             | Power Finance Corp Ltd                                                           | CUSIP: 000000000<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |      100000 | PA      | $112653.68    | 0.01%             | 2028-09-21      | Fixed         | 1.84%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                               | Samarco Mineracao SA                                                             | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |      136323 | PA      | $137004.62    | 0.02%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QMH80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      289043 | PA      | $236970.73    | 0.03%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                             | Romania Government International Bonds                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      570000 | PA      | $585647.93    | 0.07%             | 2029-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | 5Y RTR 3.700000 27-OCT-2025                                                      | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | KY        |   -36279518 | OU      | $-386.55      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140W3CJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1548391 | PA      | $1271752.91   | 0.14%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD                                           | South Bow Canadian Infrastructure Holdings Ltd                                   | CUSIP: 836720AG7<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |      100000 | PA      | $104478.50    | 0.01%             | 2055-03-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: GBP 4.000000 20-JAN-2030 SON                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     5128500 | OU      | $33886.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                            | SBA Communications Corp                                                          | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |      188000 | PA      | $185166.02    | 0.02%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                   | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137F83S0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     3981490 | PA      | $163118.48    | 0.02%             | 2030-10-25      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds                             | Ecuador Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      158154 | PA      | $140209.91    | 0.02%             | 2030-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Atlas Copco Finance DAC                                            | Atlas Copco Finance DAC                                                          | CUSIP: 000000000<br>LEI: 549300ZF2VKZ1G5T2U85 | Long             | DBT              | CORP              | IE        |      200000 | PA      | $212574.78    | 0.02%             | 2029-09-03      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |           1 | NC      | $13660.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| The BAHA Trust                                                     | BAHA Trust 2024-MAR                                                              | CUSIP: 05493XAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      360000 | PA      | $374798.48    | 0.04%             | 2041-12-10      | Variable      | 7.77%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED HUF / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | HU        |           1 | NC      | $-17448.39    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.780000 14-DEC-2029 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     1260599 | OU      | $-1376.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                                            | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |      107000 | PA      | $103941.81    | 0.01%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Exmoor Funding PLC                                                 | Exmoor Funding 2024-1 PLC                                                        | CUSIP: 000000000<br>LEI: 635400TJWGCUUIZAGH30 | Long             | ABS-MBS          | CORP              | GB        |      209937 | PA      | $283460.09    | 0.03%             | 2094-03-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Atrium Hotel Portfolio Trust                                       | Atrium Hotel Portfolio Trust 2017-ATRM                                           | CUSIP: 04965JAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      200000 | PA      | $190250.02    | 0.02%             | 2036-12-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179VSH4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      238753 | PA      | $214110.41    | 0.02%             | 2050-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EPHIOS SUBCO SARL                                                  | Ephios Subco 3 Sarl                                                              | CUSIP: 000000000<br>LEI: 213800E4EG6VFUFVEH64 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $249971.82    | 0.03%             | 2031-01-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                  | Herc Holdings Inc                                                                | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |      122000 | PA      | $121694.56    | 0.01%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                                           | Vista Energy Argentina SAU                                                       | CUSIP: 92841RAB6<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |      135000 | PA      | $137565.00    | 0.02%             | 2033-06-10      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED INR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | IN        |           1 | NC      | $-4571.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                             | US 5YR FUTR OPTN OCT25P 108.7                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          30 | NC      | $234.39       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138ERHD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         602 | PA      | $567.75       | 0.00%             | 2036-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $-3111.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.165000 17-SEP-2030 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    20055196 | OU      | $-258.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0306A1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     3311000 | PA      | $2907724.07   | 0.33%             | 2055-10-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                  | ESTX BANKS (EUR) PR                                                              | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |         -30 | NC      | $-2773.69     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                                 | ITRAXX.XO.44.V1 5YR RTP @ 287.5000                                               | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | US        |      744000 | OU      | $923.05       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                                   | PURCHASED CLP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CL        |           1 | NC      | $-398.27      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.209873 17-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1768040 | OU      | $457.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                            | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |        6000 | PA      | $5848.07      | 0.00%             | 2030-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DWEC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       16931 | PA      | $16483.83     | 0.00%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: IFS 2.693000 15-AUG-2032                                                    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DO               |  | XX        |      535000 | OU      | $22110.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SESAC Finance, LLC                                                 | Sesac Finance LLC                                                                | CUSIP: 78396YAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      364000 | PA      | $362556.67    | 0.04%             | 2055-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC                                              | DirecTV Financing LLC Term Loan                                                  | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |        8999 | PA      | $9000.38      | 0.00%             | 2027-08-02      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 3.987300 03-NOV-2027 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     4128300 | OU      | $50670.28     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                                                 | Zegona Finance PLC                                                               | CUSIP: 000000000<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |      256800 | PA      | $319186.09    | 0.04%             | 2029-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418CYN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       78422 | PA      | $77448.04     | 0.01%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XLUD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      174417 | PA      | $176297.24    | 0.02%             | 2050-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                              | Mexico Government International Bond                                             | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      100000 | PA      | $119533.62    | 0.01%             | 2038-03-19      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                                           | Anheuser-Busch InBev Worldwide Inc                                               | CUSIP: 03523TBW7<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |       57000 | PA      | $59416.73     | 0.01%             | 2059-01-23      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                                           | Burlington Northern Santa Fe LLC                                                 | CUSIP: 12189LBF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      362000 | PA      | $245045.54    | 0.03%             | 2051-02-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0124A1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     1597000 | PA      | $1428472.97   | 0.16%             | 2040-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FANTASIA HOLDINGS GROUP                                            | Fantasia Holdings Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JQNLB3I01JW62 | Long             | DBT              | CORP              | KY        |      200000 | PA      | $3000.00      | 0.00%             | 2023-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-1802.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED RON / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | RO        |           1 | NC      | $-8447.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: GBP 4.000000 16-JAN-2030 SON                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     6330400 | OU      | $41148.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COMMERZBANK AG                                                     | Commerzbank AG                                                                   | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |      200000 | PA      | $251427.18    | 0.03%             | 2029-10-09      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Brignole CO                                                        | Brignole Co                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IT        |      180439 | PA      | $212421.23    | 0.02%             | 2042-02-24      | Floating      | 2.67%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                      | Citigroup Inc                                                                    | CUSIP: 172967NE7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      363000 | PA      | $322480.17    | 0.04%             | 2032-11-03      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| STAKEHOLDER MIDSTREAM LLC                                          | STAKEHOLDER MIDSTREAM LLC TERM LOAN                                              | CUSIP: 000000000<br>LEI: 254900BG1PE2KGG26017 | Long             | LON              | CORP              | US        |      458850 | PA      | $459423.56    | 0.05%             | 2031-01-01      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District                               | N TX MUNI WTR DIST REGL WSTWTR SYS CONTRACT REVENUE                              | CUSIP: 66283ALJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       75000 | PA      | $77004.00     | 0.01%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The BAHA Trust                                                     | BAHA Trust 2024-MAR                                                              | CUSIP: 05493XAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1140000 | PA      | $1178824.52   | 0.13%             | 2041-12-10      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Polaris                                                            | Polaris 2023-1 PLC                                                               | CUSIP: 000000000<br>LEI: 635400VADRWDQSM8BE46 | Long             | ABS-MBS          | CORP              | GB        |      160000 | PA      | $218729.72    | 0.02%             | 2061-02-23      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                                           | KLA Corp                                                                         | CUSIP: 482480AN0<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |      214000 | PA      | $205530.99    | 0.02%             | 2062-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                                             | Froneri Lux FinCo SARL                                                           | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $118439.22    | 0.01%             | 2032-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TELEFONICA EUROPE BV                                               | Telefonica Europe BV                                                             | CUSIP: 000000000<br>LEI: 7245007FZS0M65WUGP67 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $248701.22    | 0.03%             | 2032-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                                | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 059895AW2<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |      200000 | PA      | $204874.00    | 0.02%             | 2028-09-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                           | Rogers Communications Inc                                                        | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |      174000 | PA      | $181395.17    | 0.02%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CONTINUUM ENERGY AURA                                              | Continuum Energy Aura Pte Ltd                                                    | CUSIP: 000000000<br>LEI: 984500AB52D7C8GC2E33 | Long             | DBT              | CORP              | SG        |     1000000 | PA      | $1030940.00   | 0.12%             | 2027-02-24      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418CQB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       42610 | PA      | $40955.12     | 0.00%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 0.020000 26-AUG-2031                                                    | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | XX        |     8789346 | OU      | $1391648.19   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                                             | Republic of Poland Government Bond                                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     1597000 | PA      | $408968.03    | 0.05%             | 2029-10-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae REMICS                                                                | CUSIP: 3136BVYM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2279383 | PA      | $2290191.27   | 0.26%             | 2054-06-25      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| NEW YORK COMMUNITY BANCORP INC                                     | NEW YORK COMMUNITY BANCORP INC                                                   | CUSIP: 000000000<br>LEI: 529900HVXOTLY61GL030 | N/A              | DE               |  | US        |          74 | NS      | $154307.02    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Broadcom Inc                                                       | Broadcom Inc                                                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |         276 | NS      | $91055.16     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133KMVG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      200807 | PA      | $178724.33    | 0.02%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138ERGY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       11316 | PA      | $10229.60     | 0.00%             | 2046-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |           1 | NC      | $64.56        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |           1 | NC      | $31541.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC BANK USA, NA                                                  | USD P ZAR C @16.80000 EO                                                         | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |    -7736000 | OU      | $-39090.01    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132JAST3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        2973 | PA      | $2815.41      | 0.00%             | 2043-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANKINTER SA                                                       | Bankinter SA                                                                     | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | DBT              | CORP              | ES        |      200000 | PA      | $237158.23    | 0.03%             | 2026-01-17      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                             | Lendmark Funding Trust 2025-1                                                    | CUSIP: 52604QAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      316000 | PA      | $319600.88    | 0.04%             | 2034-09-20      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                  | DISH Network Corp                                                                | CUSIP: 25470MAB5<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |       72000 | PA      | $69192.00     | 0.01%             | 2026-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                               | Bank of America Corp                                                             | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |        1883 | NS      | $97143.97     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NAKED JUICE LLC                                                    | Naked Juice LLC 2025 FLFO Term Loan                                              | CUSIP: 62984CAK9<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |       28421 | PA      | $28563.08     | 0.00%             | 2029-01-24      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3128MEVG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       13985 | PA      | $13850.94     | 0.00%             | 2031-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | BR        |           1 | NC      | $-529.55      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Arbor Multifamily Mortgage Securities Trust                        | Arbor Multifamily Mortgage Securities Trust 2020-MF1                             | CUSIP: 03881BAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1326000 | PA      | $1074729.90   | 0.12%             | 2053-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.720000 01-JUN-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     1972913 | OU      | $414.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                     | SWP: OIS 11.573000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DIR              |  | US        |     3560000 | OU      | $30952.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                                            | Turkiye Government Bond                                                          | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    11122284 | PA      | $246509.44    | 0.03%             | 2029-09-12      | Fixed         | 30.00%                | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                                               | Sonic Automotive Inc                                                             | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |       56000 | PA      | $53547.86     | 0.01%             | 2031-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED USD / SOLD COP                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |           1 | NC      | $-58.77       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ENEL SPA                                                           | Enel SpA                                                                         | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | DBT              | CORP              | IT        |      125000 | PA      | $148918.71    | 0.02%             | 2030-01-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                          | Nelnet Student Loan Trust 2025-C                                                 | CUSIP: 64035UAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1601000 | PA      | $1600989.75   | 0.18%             | 2065-06-22      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                                                | PURCHASED CAD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | CA        |           1 | NC      | $-5900.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 5.127000 19-MAR-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     6048317 | OU      | $-64328.48    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| VEGAS Trust                                                        | VEGAS Trust 2024-TI                                                              | CUSIP: 92254AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      380000 | PA      | $385660.78    | 0.04%             | 2039-11-10      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                                           | ContourGlobal Power Holdings SA                                                  | CUSIP: 000000000<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $240359.96    | 0.03%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIVALTO SANTE SAS                                                  | Vivalto Sante SAS 2025 EUR Term Loan B                                           | CUSIP: 000000000<br>LEI: 969500LFM6S869DF2T62 | Long             | LON              | CORP              | FR        |     1000000 | PA      | $1178699.90   | 0.13%             | 2031-07-21      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                             | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |       76000 | PA      | $77965.36     | 0.01%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.512000 17-SEP-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  3364452960 | OU      | $-2196.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Funding                                                      | Atlas Funding 2024-1 PLC                                                         | CUSIP: 000000000<br>LEI: 635400BMBKLDPBSN2U43 | Long             | ABS-MBS          | CORP              | GB        |      218744 | PA      | $295780.26    | 0.03%             | 2061-09-20      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133KJSE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       95185 | PA      | $73690.87     | 0.01%             | 2050-08-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 1.434000 17-SEP-2035 THO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1013279 | OU      | $-57.64       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0326A7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    40921116 | PA      | $37382306.58  | 4.23%             | 2055-10-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds                  | Argentina Republic Government International Bonds                                | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |       97600 | PA      | $65928.80     | 0.01%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED CAD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | CA        |           1 | NC      | $-25329.89    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | TR        |           1 | NC      | $10252.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                                | Egypt Treasury Bills                                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | STIV             | NUSS              | EG        |    39925000 | PA      | $789655.60    | 0.09%             | 2025-12-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Palladyne AI Corp                                                  | Palladyne AI Corp                                                                | CUSIP: 80359A205<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         305 | NS      | $2619.95      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138M1YD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         756 | PA      | $713.33       | 0.00%             | 2042-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BARBADOS GOVT OF                                                   | Barbados Government International Bond                                           | CUSIP: 067070AK8<br>LEI: 529900UD1KUUS4SFD905 | Long             | DBT              | NUSS              | BB        |      222000 | PA      | $231213.00    | 0.03%             | 2035-06-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GRUPO POSADAS SAB CV                                               | Grupo Posadas SAB de CV                                                          | CUSIP: 000000000<br>LEI: 529900NRFIXN5G8NUX35 | Long             | DBT              | CORP              | MX        |      113559 | PA      | $112068.54    | 0.01%             | 2027-12-30      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36196FZH0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        4028 | PA      | $3708.95      | 0.00%             | 2046-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Government National Mortgage Association                                         | CUSIP: 38384KUP4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      366755 | PA      | $366907.18    | 0.04%             | 2054-03-20      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |           1 | NC      | $-2583.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Polaris                                                            | Polaris 2025-2 PLC                                                               | CUSIP: 000000000<br>LEI: 6354008SKUHLCPHT7N63 | Long             | ABS-MBS          | CORP              | GB        |      100000 | PA      | $134655.34    | 0.02%             | 2068-08-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                           | Olympus Water US Holding Corp                                                    | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |      226000 | PA      | $226235.39    | 0.03%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                                  | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAK7<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $213900.00    | 0.02%             | 2031-12-03      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| Hungary Government International Bonds                             | Hungary Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      200000 | PA      | $203325.00    | 0.02%             | 2034-06-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                              | Wells Fargo Commercial Mortgage Trust 2024-1CHI                                  | CUSIP: 95003PAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      106000 | PA      | $106970.54    | 0.01%             | 2035-07-15      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                                                | LCM XVIII LP                                                                     | CUSIP: 50188GAT0<br>LEI: 549300PYL1KC7BYM8G75 | Long             | ABS-CBDO         | CORP              | KY        |       15008 | PA      | $15007.65     | 0.00%             | 2031-04-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | NG        |           1 | NC      | $19146.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | TR        |           1 | NC      | $523.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132A5H40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      157863 | PA      | $146793.82    | 0.02%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                           | Sri Lanka Government International Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      111736 | PA      | $107043.08    | 0.01%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                     | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $-1414.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | INTUIT INC                                                                       | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |           5 | NC      | $12475.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                           | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      116000 | PA      | $119829.16    | 0.01%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418CR89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      261857 | PA      | $243846.45    | 0.03%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                                     | NRG Energy Inc                                                                   | CUSIP: 629377CL4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |       40000 | PA      | $39663.59     | 0.00%             | 2029-06-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CARD CO LTD                                                | Hyundai Card Co Ltd                                                              | CUSIP: 000000000<br>LEI: 988400S1WSELQL3GVR75 | Long             | DBT              | CORP              | KR        |      200000 | PA      | $207836.00    | 0.02%             | 2029-04-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | TR        |           1 | NC      | $2771.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                                     | Apidos CLO LIII                                                                  | CUSIP: 03771EAA8<br>LEI: 254900V9JISXCX9V0G97 | Long             | ABS-CBDO         | CORP              | KY        |     2000000 | PA      | $2006544.40   | 0.23%             | 2038-07-20      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3142GRDF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      132186 | PA      | $133580.37    | 0.02%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.823000 07-JUN-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     1704714 | OU      | $2019.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fact SA                                                            | FACT SA/LU                                                                       | CUSIP: 000000000<br>LEI: 529900S1VYMIDC5XAC48 | Long             | ABS-O            | CORP              | LU        |      100000 | PA      | $117933.51    | 0.01%             | 2031-09-22      | Floating      | 2.98%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                            | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       37000 | PA      | $39022.57     | 0.00%             | 2032-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 6.791800 17-SEP-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     2588986 | OU      | $-206.21      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XFK67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      293883 | PA      | $247747.77    | 0.03%             | 2041-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XJGL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       95241 | PA      | $95548.17     | 0.01%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                           | Univision Communications Inc                                                     | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |       56000 | PA      | $56267.96     | 0.01%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                                   | Coca-Cola Co/The                                                                 | CUSIP: 191216DZ0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |      158000 | PA      | $154781.44    | 0.02%             | 2055-01-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue            | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                                     | CUSIP: 39081JJS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       85000 | PA      | $89698.67     | 0.01%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MasOrange Finco Plc                                                | MasOrange Finco Plc 2025 EUR Term Loan B                                         | CUSIP: 000000000<br>LEI: 549300PONZMYNJTH6970 | Long             | LON              | CORP              | GB        |     1000000 | PA      | $1172794.43   | 0.13%             | 2031-03-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                            | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABF4<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |      200000 | PA      | $199550.18    | 0.02%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                   | T-Mobile USA Inc                                                                 | CUSIP: 87264ACW3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      414000 | PA      | $409050.69    | 0.05%             | 2053-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                | American Tower Corp                                                              | CUSIP: 03027XCD0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |      912000 | PA      | $954706.78    | 0.11%             | 2033-07-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.550000 17-SEP-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    31903000 | OU      | $-25694.47    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $-328.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                                | Egypt Treasury Bills                                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | STIV             | NUSS              | EG        |      725000 | PA      | $14704.16     | 0.00%             | 2025-11-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NYC Trust                                                          | NYCT Trust 2024-3ELV                                                             | CUSIP: 62956HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      140000 | PA      | $140624.47    | 0.02%             | 2029-08-15      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140X7CA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      239457 | PA      | $229263.80    | 0.03%             | 2049-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140JR7K1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      129902 | PA      | $106452.83    | 0.01%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 6.812000 17-SEP-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    12233326 | OU      | $218.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Regional Management Issuance Trust                                 | Regional Management Issuance Trust 2021-2                                        | CUSIP: 75907UAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      990000 | PA      | $925725.44    | 0.10%             | 2033-08-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED USD / SOLD ZAR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |           1 | NC      | $-17212.75    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ALPHABET INC                                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |           8 | NC      | $6980.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Trust 2024-EXTR                                                | EQT Trust 2024-EXTR                                                              | CUSIP: 29439DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1200000 | PA      | $1227433.56   | 0.14%             | 2041-07-05      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BANK                                            | USD P TWD C @29.70 EO                                                            | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |     1621900 | OU      | $1059.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |           1 | NC      | $822.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED CZK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CZ        |           1 | NC      | $910.92       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SCC POWER PLC                                                      | SCC Power PLC                                                                    | CUSIP: 78397YAC6<br>LEI: 529900IYGYC6VSDSDF37 | Long             | DBT              | CORP              | GB        |       13141 | PA      | $3219.55      | 0.00%             | 2032-05-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                | Petroleos Mexicanos                                                              | CUSIP: 71654QDH2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      162000 | PA      | $161854.20    | 0.02%             | 2025-10-16      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                                                | Suzano Austria GmbH                                                              | CUSIP: 86964WAF9<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |      200000 | PA      | $207284.00    | 0.02%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                                 | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |      200000 | PA      | $209277.80    | 0.02%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED KRW / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | KR        |           1 | NC      | $-11053.73    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.                         | PURCHASED GBP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: JHE42UYNWWTJB8YTTU19 | N/A              | DFE              |  | GB        |           1 | NC      | $-2014.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138EHWD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       44174 | PA      | $45796.48     | 0.01%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                       | Barclays PLC                                                                     | CUSIP: 06738ECG8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $215155.77    | 0.02%             | 2034-05-09      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                                                | AUST 3YR BOND FUT DEC25                                                          | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |          -6 | NC      | $1573.63      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                             | JW Commercial Mortgage Trust 2024-MRCO                                           | CUSIP: 46657XAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      375000 | PA      | $377514.11    | 0.04%             | 2039-06-15      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                                     | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |       40000 | PA      | $41651.64     | 0.00%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.305300 17-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1754238 | OU      | $137.35       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DURST Commercial Mortgage Trust                                    | Durst Commercial Mortgage Trust 2025-151                                         | CUSIP: 266895AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      647000 | PA      | $658981.40    | 0.07%             | 2042-08-10      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                        | Oracle Corp                                                                      | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |       76000 | PA      | $84561.45     | 0.01%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WKK79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        2453 | PA      | $2364.55      | 0.00%             | 2032-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $5188.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                  | Iron Mountain Inc                                                                | CUSIP: 000000000<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |      117000 | PA      | $137666.95    | 0.02%             | 2034-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                                              | Philippine Government Bond                                                       | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   110160000 | PA      | $1919021.46   | 0.22%             | 2029-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132XWA84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        1771 | PA      | $1652.35      | 0.00%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                                              | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | ZA        |           1 | NC      | $130.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                             | EquipmentShare.com Inc                                                           | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |      100000 | PA      | $107964.40    | 0.01%             | 2032-05-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.630000 17-DEC-2030 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   324976326 | OU      | $204.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF NAMIBIA                                                | Namibia International Bonds                                                      | CUSIP: 000000000<br>LEI: 549300T6Y4CWK77SML15 | Long             | DBT              | NUSS              | NA        |      200000 | PA      | $199500.00    | 0.02%             | 2025-10-29      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Castell                                                            | Castell 2025-1 PLC                                                               | CUSIP: 000000000<br>LEI: 2138002O8DSFIQGKRU14 | Long             | ABS-MBS          | CORP              | GB        |      221706 | PA      | $299830.42    | 0.03%             | 2062-01-27      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                                           | Navoi Mining & Metallurgical Combinat                                            | CUSIP: 63890CAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |      200000 | PA      | $213558.00    | 0.02%             | 2031-10-17      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| SOLARIS ENERGY INFRASTRU                                           | Solaris Energy Infrastructure Inc                                                | CUSIP: 83419XAA6<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | DBT              | CORP              | US        |      413000 | PA      | $739230.98    | 0.08%             | 2030-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.387000 17-SEP-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  1216549475 | OU      | $-3601.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED USD / SOLD CHF                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |           1 | NC      | $2172.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 5.576000 17-SEP-2028 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    25580288 | OU      | $278.93       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Braccan Mortgage Funding                                           | Braccan Mortgage Funding 2025-1 PLC                                              | CUSIP: 000000000<br>LEI: 6354003DBF3NI8QJRR63 | Long             | ABS-MBS          | CORP              | GB        |      271000 | PA      | $366096.04    | 0.04%             | 2067-05-17      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36202FLN4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        3761 | PA      | $3640.13      | 0.00%             | 2040-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                      | LGI Homes Inc                                                                    | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |      304000 | PA      | $296833.20    | 0.03%             | 2032-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 6.942569 17-SEP-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     5785677 | OU      | $-318.95      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                                            | Exxon Mobil Corp                                                                 | CUSIP: 000000000<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |      233000 | PA      | $199343.19    | 0.02%             | 2039-06-26      | Fixed         | 1.41%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.000000 18-APR-2029 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    25832935 | OU      | $513830.52    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ROCC Trust                                                         | ROCK Trust 2024-CNTR                                                             | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      346000 | PA      | $356489.27    | 0.04%             | 2041-11-13      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.500000 08-MAY-2026 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    26398000 | OU      | $115333.90    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Ethereum Trust ETF                                         | iShares Ethereum Trust ETF                                                       | CUSIP: 46438R105<br>LEI: 529900M7AJ6IYSU9SP67 | Long             | EC               | RF                | US        |       16400 | NS      | $516764.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 13.330000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |     1222247 | OU      | $-76.94       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CARNIVAL PLC                                                       | Carnival PLC                                                                     | CUSIP: 000000000<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | DBT              | CORP              | GB        |      130000 | PA      | $138102.86    | 0.02%             | 2029-10-28      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                           | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |      105000 | PA      | $110252.73    | 0.01%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | SWAP/CDSWAP/SCDS: (CS)                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | XX        |      600000 | OU      | $-13789.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                               | Saudi Government International Bonds                                             | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |      200000 | PA      | $202750.00    | 0.02%             | 2028-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140X83A3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      257135 | PA      | $230024.89    | 0.03%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.406000 17-SEP-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    16969720 | OU      | $-19104.27    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                                  | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAM3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $202200.00    | 0.02%             | 2030-07-24      | Fixed         | 9.48%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                | Gilead Sciences Inc                                                              | CUSIP: 375558BT9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |      937000 | PA      | $605017.68    | 0.07%             | 2050-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                     | SWP: OIS 9.785000 04-JAN-2027 BZD                                                | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DIR              |  | US        |    10928706 | OU      | $-205052.14   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD PHP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $6183.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CZECHOSLOVAK GROUP                                                 | Czechoslovak Group AS                                                            | CUSIP: 000000000<br>LEI: 315700SWFD7G70AVG768 | Long             | DBT              | CORP              | CZ        |      125000 | PA      | $152626.59    | 0.02%             | 2031-01-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                  | EURO STOXX 50 DEC25                                                              | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |          10 | NC      | $10956.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED MYR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MY        |           1 | NC      | $-35385.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMRR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       76742 | PA      | $69877.36     | 0.01%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                            | Bristol-Myers Squibb Co                                                          | CUSIP: 110122DX3<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |      335000 | PA      | $245583.79    | 0.03%             | 2062-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                           | Brazil Notas do Tesouro Nacional Serie F                                         | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    21661000 | PA      | $3896034.41   | 0.44%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                            | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    67549300 | PA      | $3591831.26   | 0.41%             | 2031-05-29      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                             | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      143000 | PA      | $139740.77    | 0.02%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMRJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       94506 | PA      | $90243.67     | 0.01%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| French Republic Government Bonds OAT                               | French Republic Government Bonds OAT                                             | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |        2000 | PA      | $2297.58      | 0.00%             | 2035-05-25      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                                | Muthoot Finance Ltd                                                              | CUSIP: 62828M2D2<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |      300000 | PA      | $304342.32    | 0.03%             | 2029-04-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                        | USD P MXN C @18.00000 EO                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |    -7827000 | OU      | $-44637.38    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Austria Government Bonds                               | Republic of Austria Government Bonds                                             | CUSIP: 000000000<br>LEI: 529900QWWUI4XRVR7I03 | Long             | DBT              | NUSS              | AT        |      222000 | PA      | $180481.74    | 0.02%             | 2047-02-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Commercial Mortgage Trust 2024-AIRC                                           | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      280859 | PA      | $281385.18    | 0.03%             | 2039-08-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $163.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED USD / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | US        |           1 | NC      | $-2197.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 14.885000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      815228 | OU      | $5.39         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140Q9U84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        4430 | PA      | $4424.77      | 0.00%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SoFi Personal Loan Trust                                           | SoFi Personal Loan Trust 2024-1                                                  | CUSIP: 83407RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      157654 | PA      | $158641.01    | 0.02%             | 2031-02-12      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | 30Y RTR 3.500000 30-OCT-2025                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   -10406000 | OU      | $-7086.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VOLKSWAGEN BANK GMBH                                               | Volkswagen Bank GmbH                                                             | CUSIP: 000000000<br>LEI: 529900GJD3OQLRZCKW37 | Long             | DBT              | CORP              | DE        |      900000 | PA      | $1113269.31   | 0.13%             | 2031-05-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | NG        |           1 | NC      | $16219.99     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140L3E49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       35394 | PA      | $30339.63     | 0.00%             | 2051-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                                | Egypt Treasury Bills                                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | STIV             | NUSS              | EG        |     4025000 | PA      | $80865.91     | 0.01%             | 2025-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED GBP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |           1 | NC      | $-26710.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WORLDLINE SA/FRANCE                                                | Worldline SA/France                                                              | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |     1000000 | PA      | $956721.97    | 0.11%             | 2028-09-12      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |           1 | NC      | $488.65       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TVC DSCR 21 1 CERT                                                 | TVC DSCR 21 1 CERT                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      314192 | PA      | $269201.77    | 0.03%             | 2051-02-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Republic of South Africa                                           | Republic of South Africa Government Bond                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    99587230 | PA      | $5469085.02   | 0.62%             | 2031-02-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NSW ELECTRICITY NETWORKS                                           | NSW Electricity Networks Finance Pty Ltd                                         | CUSIP: 000000000<br>LEI: 5493009VPYKFFK7UXM97 | Long             | SN               | CORP              | AU        |      470000 | PA      | $313626.92    | 0.04%             | 2055-03-11      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                                   | AMC Networks Inc                                                                 | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      226000 | PA      | $196620.00    | 0.02%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                            | PURCHASED GBP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | GB        |           1 | NC      | $-413.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| El Salvador Government International Bonds                         | El Salvador Government International Bonds                                       | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |      153000 | PA      | $166617.00    | 0.02%             | 2030-04-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                                            | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      100000 | PA      | $122248.42    | 0.01%             | 2033-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                                               | Raizen Fuels Finance SA                                                          | CUSIP: 75102XAB2<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $194000.00    | 0.02%             | 2034-03-05      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                        | SWAP/CDSWAP/CDS: (CMBX.NA.9.A)                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | US        |       74078 | OU      | $-4870.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue            | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                                     | CUSIP: 39081JGQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      190000 | PA      | $199481.07    | 0.02%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARKET BIDCO FINCO PLC                                             | Market Bidco Finco PLC                                                           | CUSIP: 000000000<br>LEI: 549300UGYX6EBVHRVG53 | Long             | DBT              | CORP              | GB        |      136000 | PA      | $157671.58    | 0.02%             | 2031-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                             | UnitedHealth Group Inc                                                           | CUSIP: 91324PDZ2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |      277000 | PA      | $178571.83    | 0.02%             | 2050-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                           | Builders FirstSource Inc                                                         | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |       56000 | PA      | $55430.63     | 0.01%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                           | Saudi Government International Bond                                              | CUSIP: 80413TBJ7<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |      200000 | PA      | $204111.50    | 0.02%             | 2028-01-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD EGP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $-850.16      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                           | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 26873CAB8<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |      138000 | PA      | $143334.25    | 0.02%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PACHELBEL BIDCO SPA                                                | Pachelbel Bidco SpA                                                              | CUSIP: 000000000<br>LEI: 8156005DA07CDD50CC46 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $118280.58    | 0.01%             | 2031-05-17      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                                  | Ghana Government International Bond                                              | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      175851 | PA      | $147275.21    | 0.02%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LORCA TELECOM BONDCO                                               | Lorca Telecom Bondco SA                                                          | CUSIP: 000000000<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |      168000 | PA      | $205270.84    | 0.02%             | 2029-04-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Cirkul Inc                                                         | Cirkul Inc 2nd Lien PIK Term Loan                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      373200 | PA      | $367154.40    | 0.04%             | 2028-04-23      | Floating      | 11.89%                | No            |                  3 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 4.015850 16-SEP-2026 SON                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    35000000 | OU      | $-65844.43    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                              | American Airlines Inc                                                            | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |      200000 | PA      | $204891.00    | 0.02%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| INSIGHT M INC WARRANTS                                             | INSIGHT M INC WARRANTS                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      280744 | NS      | $19736.30     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QGKD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       27574 | PA      | $26548.94     | 0.00%             | 2035-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                         | Fiserv Inc                                                                       | CUSIP: 337738BH0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |      146000 | PA      | $153278.34    | 0.02%             | 2033-08-21      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                              | Mexico Government International Bonds                                            | CUSIP: 91087BAU4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      200000 | PA      | $204700.00    | 0.02%             | 2028-02-09      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| HUSKY INJECTION / TITAN                                            | Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC                      | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      200000 | PA      | $209038.19    | 0.02%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| EGYPT GOVERNMENT BOND                                              | Egypt Government Bond                                                            | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     3229000 | PA      | $68227.87     | 0.01%             | 2027-12-03      | Fixed         | 24.14%                | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138ERLF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       19910 | PA      | $18054.14     | 0.00%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 3.500000 20-AUG-2028 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    30150141 | OU      | $96151.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AR        |           1 | NC      | $-4468.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VIASAT INC                                                         | Viasat Inc                                                                       | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |       98000 | PA      | $97605.21     | 0.01%             | 2027-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                   | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      200000 | PA      | $185151.58    | 0.02%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| Veritas US Inc                                                     | Veritas US Inc 2024 Priority Term Loan                                           | CUSIP: 000000000<br>LEI: 549300RFUWCPWS8FQ104 | Long             | LON              | CORP              | US        |       88941 | PA      | $89756.77     | 0.01%             | 2029-12-09      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                            | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |      100000 | PA      | $100627.20    | 0.01%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140Q9NX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       19340 | PA      | $19088.12     | 0.00%             | 2048-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Australia Government Bonds                                         | Australia Government Bonds                                                       | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |       80000 | PA      | $49739.72     | 0.01%             | 2037-04-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                   | T-Mobile USA Inc                                                                 | CUSIP: 000000000<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      438000 | PA      | $477614.13    | 0.05%             | 2045-02-11      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 13.000000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |     6056970 | OU      | $-10667.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 312942DD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        6385 | PA      | $6400.27      | 0.00%             | 2040-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED CHF / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CH        |           1 | NC      | $730.81       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                   | Crown Castle Inc                                                                 | CUSIP: 22822VAT8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |      751000 | PA      | $668378.10    | 0.08%             | 2031-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC NATIONAL FINANCE                                           | Pacific National Finance Pty Ltd                                                 | CUSIP: 000000000<br>LEI: 213800SSTRDXLWWVF948 | Long             | DBT              | CORP              | AU        |      960000 | PA      | $652745.29    | 0.07%             | 2054-12-11      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-11923.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                                            | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       34000 | PA      | $40865.77     | 0.00%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HELLENIC REPUBLIC                                                  | Hellenic Republic Government Bond                                                | CUSIP: 000000000<br>LEI: 2138003EKTMKZ5598902 | Long             | DBT              | NUSS              | GR        |       92000 | PA      | $107976.58    | 0.01%             | 2027-04-22      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Apollo Global Management Inc                                       | Apollo Global Management Inc                                                     | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |        1994 | NS      | $265740.38    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SRC SUKUK LTD                                                      | SRC Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 254900F2OG3526JLAV10 | Long             | DBT              | CORP              | KY        |      285000 | PA      | $282466.35    | 0.03%             | 2035-10-02      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133KRMR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      518297 | PA      | $518203.25    | 0.06%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                                       | AGL CLO 24 Ltd                                                                   | CUSIP: 00119AAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |     2000000 | PA      | $2006771.00   | 0.23%             | 2038-03-31      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 2.627079 31-JAN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      579957 | OU      | $12545.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3142GQF80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      230831 | PA      | $236465.22    | 0.03%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                                           | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033YAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |      282000 | PA      | $297510.00    | 0.03%             | 2029-08-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| BAYER AG                                                           | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $128724.77    | 0.01%             | 2083-09-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | 30Y RTR 3.800000 30-OCT-2025                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |    10406000 | OU      | $71365.08     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179VXX3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      118879 | PA      | $98319.91     | 0.01%             | 2050-11-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ALPHABET INC                                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          -8 | NC      | $-2440.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NOBLE FINANCE II LLC                                               | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      100000 | PA      | $103505.90    | 0.01%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                                              | PURCHASED USD / SOLD PLN                                                         | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | US        |           1 | NC      | $-20.14       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179VKP4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       23734 | PA      | $23362.28     | 0.00%             | 2050-04-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CaixaBank SA                                                       | CaixaBank SA                                                                     | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |       24433 | NS      | $258059.29    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.362000 17-SEP-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   682493546 | OU      | $-2374.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD TWD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $50.32        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                           | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |      100000 | PA      | $102627.00    | 0.01%             | 2033-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                           | Republic of South Africa Government Bond                                         | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    56880299 | PA      | $3031891.20   | 0.34%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD PLN                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $115316.39    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Pony                                                               | Pony SA                                                                          | CUSIP: 000000000<br>LEI: 2221001FWHVHKUW4NQ77 | Long             | ABS-O            | CORP              | LU        |       97337 | PA      | $114323.74    | 0.01%             | 2033-01-14      | Floating      | 2.73%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD TWD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $159.45       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMRE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       29188 | PA      | $27547.37     | 0.00%             | 2046-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.815500 06-MAY-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      794184 | OU      | $-928.91      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                                    | Republic Finance Issuance Trust 2021-A                                           | CUSIP: 76042UAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      800000 | PA      | $783385.60    | 0.09%             | 2031-12-22      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| BAYER AG                                                           | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $120639.06    | 0.01%             | 2082-03-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                             | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      200000 | PA      | $206900.00    | 0.02%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                                               | Colombian TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 14282800000 | PA      | $3215074.51   | 0.36%             | 2030-09-18      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (COLOM)                                                         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      192400 | OU      | $-8199.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140X83Z8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       91695 | PA      | $85447.32     | 0.01%             | 2049-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CNY 1.679000 17-DEC-2030 CNR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1685000 | OU      | $-191.19      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CORE SCIENTIFIC INC                                                | Core Scientific Inc                                                              | CUSIP: 21874AAE6<br>LEI: 5299003RGB2LAZ65RK73 | Long             | DBT              | CORP              | US        |       44000 | PA      | $49170.00     | 0.01%             | 2031-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 14.900000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     1374806 | OU      | $-3.31        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Bitcoin Trust ETF                                          | iShares Bitcoin Trust ETF                                                        | CUSIP: 46438F101<br>LEI: 529900HVFN08L8P4H851 | Long             | EC               | RF                | US        |       41322 | NS      | $2685930.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.155200 17-SEP-2030 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    19898603 | OU      | $-281.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds                  | Republic of Poland Government International Bonds                                | CUSIP: 731011AW2<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |       73000 | PA      | $70486.61     | 0.01%             | 2053-04-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0626A4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     1674000 | PA      | $1729884.30   | 0.20%             | 2054-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNIPOL ASSICURAZIONI SPA                                           | Unipol Assicurazioni SpA                                                         | CUSIP: 000000000<br>LEI: 8156005CE5E7340CCA86 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $123629.05    | 0.01%             | 2034-05-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179TAL9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       20399 | PA      | $19516.77     | 0.00%             | 2047-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARVEST CLO                                                        | HARVEST CLO                                                                      | CUSIP: 000000000<br>LEI: 635400AU6OVIWCGACH33 | Long             | ABS-CBDO         | CORP              | IE        |      100000 | PA      | $119273.84    | 0.01%             | 2037-07-25      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.790000 25-FEB-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    10935225 | OU      | $1274.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $-713.57      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 3.950000 06-NOV-2027 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    63560000 | OU      | $741428.40    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| AMER AIRLINE 19-1AA PTT                                            | American Airlines 2019-1 Class AA Pass Through Trust                             | CUSIP: 02377LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       59633 | PA      | $55833.28     | 0.01%             | 2032-02-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                   | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                             | CUSIP: 709225QQ2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |      165000 | PA      | $175709.69    | 0.02%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                   | SMB Private Education Loan Trust 2024-A                                          | CUSIP: 831943AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      685448 | PA      | $692919.62    | 0.08%             | 2056-03-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                           | AT&T Inc                                                                         | CUSIP: 00206RKA9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      868000 | PA      | $627672.86    | 0.07%             | 2051-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                                           | Thailand Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     1176000 | PA      | $51316.86     | 0.01%             | 2055-06-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Park Avenue Trust                                                  | 245 Park Avenue Trust 2017-245P                                                  | CUSIP: 90187LAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      250000 | PA      | $237382.13    | 0.03%             | 2037-06-05      | Variable      | 3.78%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                                              | Alibaba Group Holding Ltd                                                        | CUSIP: 01609WBG6<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |       61000 | PA      | $112057.00    | 0.01%             | 2031-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED THB / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | TH        |           1 | NC      | $-11278.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                             | Northern Oil & Gas Inc                                                           | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |       83000 | PA      | $82671.59     | 0.01%             | 2033-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                           | Petrobras Global Finance BV                                                      | CUSIP: 71645WAS0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |       93000 | PA      | $93877.46     | 0.01%             | 2041-01-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                  | HSBC Holdings PLC                                                                | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     2094000 | PA      | $2517333.51   | 0.28%             | 2029-05-20      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138EPMW1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       50982 | PA      | $52209.74     | 0.01%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | XX        |           1 | NC      | $9.71         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138LTFX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         210 | PA      | $199.18       | 0.00%             | 2042-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                             | Pacific Gas and Electric Co                                                      | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      395000 | PA      | $269471.34    | 0.03%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                        | Chemours Co/The                                                                  | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |      100000 | PA      | $90345.72     | 0.01%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                           | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $137165.22    | 0.02%             | 2035-06-17      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                                     | TeamSystem SpA                                                                   | CUSIP: 000000000<br>LEI: 81560062081DF3AB7A90 | Long             | DBT              | CORP              | IT        |      172000 | PA      | $204764.91    | 0.02%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                                           | Volcan Cia Minera SAA                                                            | CUSIP: 000000000<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |       61000 | PA      | $63275.30     | 0.01%             | 2030-01-24      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| DIGICEL GROUP HOLDINGS                                             | Digicel Group Holdings Ltd                                                       | CUSIP: 25381HAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       71041 | PA      | $4262.49      | 0.00%             | 2030-12-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Zambia Government International Bonds                              | Zambia Government International Bonds                                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |       66163 | PA      | $63147.42     | 0.01%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                           | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      211000 | PA      | $202865.82    | 0.02%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD CLP                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $-202.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED PLN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | PL        |           1 | NC      | $-31503.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                                             | Republic of Poland Government Bond                                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    11265000 | PA      | $3108819.53   | 0.35%             | 2029-07-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                               | Edison International                                                             | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |      121000 | PA      | $123662.48    | 0.01%             | 2053-06-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QGRN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       59744 | PA      | $51342.70     | 0.01%             | 2051-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36196FZG2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        1573 | PA      | $1450.89      | 0.00%             | 2046-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AGL ENERGY LTD                                                     | AGL Energy Ltd                                                                   | CUSIP: 000000000<br>LEI: 549300QAZ8A74DEDXO80 | Long             | DBT              | CORP              | AU        |      200000 | PA      | $132263.23    | 0.01%             | 2035-09-30      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJDN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       14570 | PA      | $14055.31     | 0.00%             | 2031-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                             | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KDK3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |      511000 | PA      | $530660.80    | 0.06%             | 2032-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                               | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  1474000000 | PA      | $89368.78     | 0.01%             | 2036-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                              | GFL Environmental Inc                                                            | CUSIP: 36168QAL8<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |      100000 | PA      | $97628.05     | 0.01%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                        | SWP: OIS 15.410000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |     3868800 | OU      | $-20210.40    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Dowson                                                             | Dowson 2024-1 PLC                                                                | CUSIP: 000000000<br>LEI: 635400IRBWDPWKGK1C24 | Long             | ABS-O            | CORP              | GB        |      149000 | PA      | $201122.84    | 0.02%             | 2031-08-20      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Auto1 Car Funding                                                  | Auto1 Car Funding Sarl                                                           | CUSIP: 000000000<br>LEI: 984500380CAE46K6F380 | Long             | ABS-O            | CORP              | LU        |      111338 | PA      | $130973.53    | 0.01%             | 2033-12-15      | Floating      | 2.58%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                                         | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     2971000 | PA      | $4033201.72   | 0.46%             | 2030-03-07      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                  | Newell Brands Inc                                                                | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      116000 | PA      | $116662.36    | 0.01%             | 2029-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| PLUSPETROL CAM/PLUS LOTE                                           | Pluspetrol Camisea SA / Pluspetrol Lote 56 SA                                    | CUSIP: 72941KAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |      100000 | PA      | $106740.00    | 0.01%             | 2036-07-03      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                                                | Select Medical Corp                                                              | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |       71000 | PA      | $71029.75     | 0.01%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                       | Huntington Bank Auto Credit-Linked Notes Series 2024-1                           | CUSIP: 44644NAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      153041 | PA      | $153365.53    | 0.02%             | 2032-05-20      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138W9F88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        3087 | PA      | $3028.71      | 0.00%             | 2028-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 14.170000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      319570 | OU      | $21.42        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.595000 17-DEC-2030 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   333005000 | OU      | $601.34       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                                       | Magnera Corp                                                                     | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |      100000 | PA      | $94098.00     | 0.01%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN INTL FIN NV                                             | Volkswagen International Finance NV                                              | CUSIP: 000000000<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $121839.63    | 0.01%             | 2033-11-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: JPY 1.452000 11-MAR-2054 FTO                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   234530000 | OU      | $-321770.80   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc                                               | Freeport-McMoRan Inc                                                             | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |         997 | NS      | $39102.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | NG        |           1 | NC      | $5224.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                                               | Boots Group Finco LP                                                             | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |      100000 | PA      | $120781.03    | 0.01%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                                 | USD C MXN P @19.00000 EO                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | LU        |     -404000 | OU      | $-246.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                            | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $218376.00    | 0.02%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                                                     | Czech Republic Government Bond                                                   | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    33430000 | PA      | $1629000.27   | 0.18%             | 2032-11-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | BR        |           1 | NC      | $-4064.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                                           | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |       93000 | PA      | $87219.12     | 0.01%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Mesquite Independent School District                               | MESQUITE TX INDEP SCH DIST                                                       | CUSIP: 590760VJ0<br>LEI: 549300M7COV11VUIZE16 | Long             | DBT              | MUN               | US        |      165000 | PA      | $175401.39    | 0.02%             | 2052-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EUTELSAT SA                                                        | Eutelsat SA                                                                      | CUSIP: 000000000<br>LEI: 549300MCOOY1V7P2PG30 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $110064.02    | 0.01%             | 2028-10-13      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ENGIE SA                                                           | Engie SA                                                                         | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $117315.13    | 0.01%             | 2037-09-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED AUD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | AU        |           1 | NC      | $4298.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                      | TransDigm Inc                                                                    | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      102000 | PA      | $103130.47    | 0.01%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA                                             | Stena International SA                                                           | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $203903.80    | 0.02%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $-120.18      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                                  | Vedanta Resources Finance II PLC                                                 | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      700000 | PA      | $732812.50    | 0.08%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                                              | China Government Bond                                                            | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     7830000 | PA      | $1122542.65   | 0.13%             | 2034-08-25      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                              | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |      200000 | PA      | $208252.40    | 0.02%             | 2030-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| GRAND CITY PROPERTIES SA                                           | Grand City Properties SA                                                         | CUSIP: 000000000<br>LEI: 5299002QLUYKK2WBMB18 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $114811.68    | 0.01%             | 2026-03-09      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                | Citigroup Commercial Mortgage Trust 2020-420K                                    | CUSIP: 17328QAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    20000000 | PA      | $711826.60    | 0.08%             | 2042-11-10      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                    | CSAIL 2018-CX12 Commercial Mortgage Trust                                        | CUSIP: 12595XAZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      750000 | PA      | $689840.70    | 0.08%             | 2051-08-15      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |           1 | NC      | $25166.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                                | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |      500000 | PA      | $605286.71    | 0.07%             | 2029-10-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DK Trust                                                           | DK Trust 2024-SPBX                                                               | CUSIP: 23346LAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1100000 | PA      | $1103507.24   | 0.12%             | 2034-03-15      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                          | Ball Corp                                                                        | CUSIP: 000000000<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |      103000 | PA      | $123686.44    | 0.01%             | 2032-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                              | Mineral Resources Ltd                                                            | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |      220000 | PA      | $228833.00    | 0.03%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                | JPMorgan Chase & Co                                                              | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |       47000 | PA      | $44080.07     | 0.00%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                             | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      200000 | PA      | $200106.00    | 0.02%             | 2025-11-21      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                                             | Republic of Poland Government Bond                                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     5661000 | PA      | $1516437.46   | 0.17%             | 2034-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DM2W4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       19451 | PA      | $16135.87     | 0.00%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                                             | Republic of Poland Government Bond                                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     2394000 | PA      | $664581.75    | 0.08%             | 2030-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae                                                                       | CUSIP: 21H0606A4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     1639000 | PA      | $1666885.24   | 0.19%             | 2054-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140LXMA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       13201 | PA      | $11312.65     | 0.00%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                            | Pakistan Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      200000 | PA      | $196000.00    | 0.02%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                               | Chile Government International Bonds                                             | CUSIP: 168863DX3<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |      200000 | PA      | $196400.00    | 0.02%             | 2027-01-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                                           | Volcan Cia Minera SAA                                                            | CUSIP: 92863UAC0<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |       83000 | PA      | $86095.90     | 0.01%             | 2030-01-24      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NEW GENERATION GAS BOND                                            | NEW GENERATION GAS BOND                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      832432 | PA      | $832432.43    | 0.09%             | 2029-09-30      | Variable      | 10.04%                | No            |                  3 | On Loan: No      |
| Argentina Republic Government International Bonds                  | Argentina Republic Government International Bonds                                | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |       73600 | PA      | $35622.40     | 0.00%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJEP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        4424 | PA      | $4271.20      | 0.00%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PORT OF NEWCASTLE INVEST                                           | Port of Newcastle Investments Financing Pty Ltd                                  | CUSIP: 000000000<br>LEI: 549300VVWVQBDM9L8K30 | Long             | DBT              | CORP              | AU        |      360000 | PA      | $244715.17    | 0.03%             | 2033-07-18      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                              | Mexico Government International Bonds                                            | CUSIP: 91087BBD1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     1158000 | PA      | $1274379.00   | 0.14%             | 2055-05-13      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |      269000 | PA      | $266674.01    | 0.03%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179QR37<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       18783 | PA      | $19194.65     | 0.00%             | 2044-10-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QEQC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       93467 | PA      | $86304.18     | 0.01%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae                                                                       | CUSIP: 21H0326A3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     1488000 | PA      | $1356484.68   | 0.15%             | 2055-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| THAMES WATER UTILITIES FINANCE PLC                                 | Thames Water Utilities Finance PLC                                               | CUSIP: 000000000<br>LEI: 213800ESMPQ4RQ7G8351 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $95655.24     | 0.01%             | 2027-06-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DM2S3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      100957 | PA      | $82679.88     | 0.01%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UniCredit SpA                                                      | UniCredit SpA                                                                    | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |        4302 | NS      | $327361.05    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura International PLC                                           | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DFE              |  | US        |           1 | NC      | $-475.69      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QKWM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       19164 | PA      | $18495.61     | 0.00%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WEEKLEY HOMES LLC/ FINAN                                           | Weekley Homes LLC / Weekley Finance Corp                                         | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |        4000 | PA      | $3916.47      | 0.00%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| General Electric Co                                                | General Electric Co                                                              | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |        1100 | NS      | $330902.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                           | Standard Building Solutions Inc                                                  | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |        2000 | PA      | $2052.04      | 0.00%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J5EJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         525 | PA      | $506.72       | 0.00%             | 2032-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                           | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       35000 | PA      | $32684.53     | 0.00%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $6752.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED JPY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | JP        |           1 | NC      | $-2327.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NAVOI MINING METALLURGIC                                           | Navoi Mining & Metallurgical Combinat                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | UZ        |      200000 | PA      | $207900.00    | 0.02%             | 2028-10-17      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| IMA INDUSTRIA MACCHINE                                             | IMA Industria Macchine Automatiche SpA                                           | CUSIP: 000000000<br>LEI: 815600D86992FDA7B908 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $116934.59    | 0.01%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac REMICS                                                               | CUSIP: 3137HD2G4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      905817 | PA      | $910446.65    | 0.10%             | 2054-06-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Cofiroute SA                                                       | Cofiroute SA                                                                     | CUSIP: 000000000<br>LEI: 213800CP8292W9E8LJ69 | Long             | DBT              | CORP              | FR        |      500000 | PA      | $525099.84    | 0.06%             | 2031-05-19      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 3.952300 03-NOV-2027 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     2064150 | OU      | $23948.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 2.182065 31-JAN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      153490 | OU      | $-487.83      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp.                                               | American Tower Corp.                                                             | CUSIP: 000000000<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     1090000 | PA      | $1153373.04   | 0.13%             | 2030-10-05      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | XX        |           1 | NC      | $-5043.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 31335BAA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        4225 | PA      | $4113.64      | 0.00%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                 | Meta Platforms Inc                                                               | CUSIP: 30303M8K1<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |      478000 | PA      | $409940.89    | 0.05%             | 2062-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418C4G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       19734 | PA      | $19464.12     | 0.00%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 3617BTER9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        9591 | PA      | $9130.95      | 0.00%             | 2048-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                             | Romania Government International Bonds                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       16000 | PA      | $16628.16     | 0.00%             | 2028-02-17      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                              | McGraw-Hill Education Inc                                                        | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |       80000 | PA      | $83115.92     | 0.01%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                               | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |      204000 | PA      | $201941.93    | 0.02%             | 2026-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Red & Black Auto Germany UG                                        | Red & Black Auto Germany 8 UG                                                    | CUSIP: 000000000<br>LEI: 391200E3OPA9K4R22Z70 | Long             | ABS-O            | CORP              | DE        |       18431 | PA      | $21645.06     | 0.00%             | 2030-09-15      | Floating      | 2.63%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | SWP: OIS 12.435000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |    11717880 | OU      | $-74429.32    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                     | Gray Media Inc                                                                   | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |       60000 | PA      | $61298.28     | 0.01%             | 2032-07-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                     | DEC25 KOSPI2  C @ 497.76                                                         | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DE               |  | US        |      200000 | NC      | $1087.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                      | J.P. Morgan Chase Commercial Mortgage Securities Trust 2016-NINE                 | CUSIP: 46646GAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      450000 | PA      | $441700.25    | 0.05%             | 2038-09-06      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                                            | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      200000 | PA      | $202854.40    | 0.02%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418ES50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2473942 | PA      | $2503393.98   | 0.28%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $-4850.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MCM 2021 VFN1                                                      | MCM 2021 VFN1                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      759915 | PA      | $538391.16    | 0.06%             | 2028-08-25      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140FHWF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1129 | PA      | $1019.48      | 0.00%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                           | Olympus Water US Holding Corp                                                    | CUSIP: 000000000<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |      104000 | PA      | $122391.96    | 0.01%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Palladyne AI Corp                                                  | Palladyne AI Corp                                                                | CUSIP: 80359A114<br>LEI: N/A                  | N/A              | DE               |  | US        |       28519 | NS      | $5718.06      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Inc                                                          | IQVIA Inc                                                                        | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |      203000 | PA      | $202752.32    | 0.02%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                                    | Sands China Ltd                                                                  | CUSIP: 80007RAL9<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |      500000 | PA      | $491000.00    | 0.06%             | 2030-06-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                            | PURCHASED JPY / SOLD CAD                                                         | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | JP        |           1 | NC      | $524.19       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                       | Broadcom Inc                                                                     | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     1524000 | PA      | $1570636.09   | 0.18%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED USD / SOLD SGD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $972.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QM5X8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       10180 | PA      | $9021.73      | 0.00%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31417C3C7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1171 | PA      | $1154.59      | 0.00%             | 2027-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ANTHROPIC PBC                                                      | ANTHROPIC PBC                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        2683 | NS      | $378222.51    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac REMICS                                                               | CUSIP: 3137HHH53<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      440549 | PA      | $440272.02    | 0.05%             | 2054-09-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD INR                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $13220.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PENINSULA PACFIC ENTERTAIN LLC                                     | PENINSULA PACFIC ENTERTAIN LLC 2025 TERM LOAN B                                  | CUSIP: 70715SAB3<br>LEI: 549300LWV74H4IE3FG45 | Long             | LON              | CORP              | US        |      336856 | PA      | $336014.33    | 0.04%             | 2032-08-13      | Floating      | 8.93%                 | No            |                  3 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | USD/INR One-touch barrier option; Barrier price USD 86.00000                     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | KY        |      166400 | OU      | $791.73       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.730000 19-JUN-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   100648000 | OU      | $-23643.16    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                             | US 10YR NOTE (CBT)DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -1037 | NC      | $-557594.49   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3131XGBJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        4522 | PA      | $4452.29      | 0.00%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc                                                     | Sabre GLBL Inc 2021 Term Loan B2                                                 | CUSIP: 78571YBF6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |       33275 | PA      | $31445.20     | 0.00%             | 2027-12-17      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| VEOLIA ENVIRONNEMENT SA                                            | Veolia Environnement SA                                                          | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $117470.97    | 0.01%             | 2032-06-17      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                   | Duke Energy Corp                                                                 | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |        1500 | NS      | $185625.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.400000 31-OCT-2028 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    13461996 | OU      | $406264.86    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                                           | Transocean Titan Financing Ltd                                                   | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      183762 | PA      | $188282.81    | 0.02%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Flowco Holdings Inc                                                | Flowco Holdings Inc                                                              | CUSIP: 342909108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       12475 | NS      | $185253.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROLEOS MEXICANOS                                                | Petroleos Mexicanos                                                              | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      115000 | PA      | $135058.02    | 0.02%             | 2026-04-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NCMF Trust                                                         | NCMF Trust 2025-MFS                                                              | CUSIP: 62887TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      910000 | PA      | $911982.16    | 0.10%             | 2033-06-10      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| RESORT CMNTYS LOANCO LP                                            | RESORT CMNTYS LOANCO LP                                                          | CUSIP: 76125UAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     2337056 | PA      | $2392677.93   | 0.27%             | 2028-11-21      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| Meta Platforms Inc                                                 | Meta Platforms Inc                                                               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |         226 | NS      | $165969.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED JPY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | JP        |           1 | NC      | $-643.74      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OCEANA A NOTE 4 YEAR                                               | OCEANA A NOTE 4 YEAR                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |      414000 | PA      | $286271.25    | 0.03%             | 2027-07-31      | Fixed         | 12.50%                | No            |                  3 | On Loan: No      |
| AMGEN INC                                                          | Amgen Inc                                                                        | CUSIP: 031162DU1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |      449000 | PA      | $447933.98    | 0.05%             | 2063-03-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 3.754500 15-DEC-2025                                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    11532000 | OU      | $-69492.78    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 3617BUEC9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       28988 | PA      | $27640.03     | 0.00%             | 2047-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 9.040000 14-NOV-2029 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   111542654 | OU      | $398173.71    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                                           | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |      202000 | PA      | $247227.01    | 0.03%             | 2030-02-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                                              | Tennessee Valley Authority                                                       | CUSIP: 880591FC1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |      675000 | PA      | $672840.57    | 0.08%             | 2055-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Atrium Hotel Portfolio Trust                                       | Atrium Hotel Portfolio Trust 2024-ATRM                                           | CUSIP: 04963XAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      420000 | PA      | $431752.82    | 0.05%             | 2029-11-10      | Variable      | 9.52%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                            | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                                  | CUSIP: 23503CGF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      105000 | PA      | $110438.35    | 0.01%             | 2044-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                              | Tenet Healthcare Corp                                                            | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |       54000 | PA      | $53505.92     | 0.01%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                               | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 21795000000 | PA      | $1487092.01   | 0.17%             | 2036-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| INSIGHT M INC SERIES D                                             | INSIGHT M INC SERIES D                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      270943 | NS      | $54540.83     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| ORIGIN ENERGY FINANCE                                              | Origin Energy Finance Ltd                                                        | CUSIP: 000000000<br>LEI: 5493002W5C9Z753C7Q57 | Long             | DBT              | CORP              | AU        |      566000 | PA      | $613464.35    | 0.07%             | 2029-09-17      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                     | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                          | CUSIP: 64613CGH5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |      230000 | PA      | $241146.06    | 0.03%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRYSMIAN SPA                                                       | Prysmian SpA                                                                     | CUSIP: 000000000<br>LEI: 529900X0H1IO3RS1A464 | Long             | DBT              | CORP              | IT        |      175000 | PA      | $214322.36    | 0.02%             | 2030-05-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138XDTP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       25886 | PA      | $25151.89     | 0.00%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SUMMER BC HOLDCO B SARL                                            | Summer BC Holdco B SARL                                                          | CUSIP: 000000000<br>LEI: 984500NRF59D5DB9B654 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $115294.39    | 0.01%             | 2030-02-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Netherlands Government Bonds                                       | Netherlands Government Bonds                                                     | CUSIP: 000000000<br>LEI: 254900G14ALGVKORFN62 | Long             | DBT              | NUSS              | NL        |      311000 | PA      | $334004.28    | 0.04%             | 2047-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                               | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |       31000 | PA      | $31952.82     | 0.00%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | FREEPORT-MCMORAN INC                                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          31 | NC      | $170.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleos Mexicanos                                                | Petroleos Mexicanos                                                              | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      164000 | PA      | $193699.57    | 0.02%             | 2029-02-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |           1 | NC      | $1944.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: JPY 1.450000 06-MAR-2054 FTO                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   234530000 | OU      | $-322058.79   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                     | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $-993.89      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |           1 | NC      | $833.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Mortgage Loan Trust                                       | Barclays Mortgage Loan Trust 2025-NQM3                                           | CUSIP: 06745VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      832563 | PA      | $840079.25    | 0.10%             | 2065-05-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 3617BJRG1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       24175 | PA      | $23050.81     | 0.00%             | 2047-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRUPO AEROMEXICO SAB                                               | Grupo Aeromexico SAB de CV                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |      200000 | PA      | $199020.00    | 0.02%             | 2029-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ELIOR GROUP SA                                                     | Elior Group SA                                                                   | CUSIP: 000000000<br>LEI: 969500LYSYS0E800SQ95 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $120296.28    | 0.01%             | 2030-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| GRUENENTHAL GMBH                                                   | Gruenenthal GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900SH895E31PGLA72 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $119871.14    | 0.01%             | 2031-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Olympic Tower Mortgage Trust                                       | Olympic Tower 2017-OT Mortgage Trust                                             | CUSIP: 68162MAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      160000 | PA      | $134663.39    | 0.02%             | 2039-05-10      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133KNDA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      274763 | PA      | $236593.42    | 0.03%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                     | PURCHASED USD / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $1867.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJC71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       10184 | PA      | $9826.83      | 0.00%             | 2031-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                           | Standard Building Solutions Inc                                                  | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      152000 | PA      | $154034.55    | 0.02%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                         | BFLD Commercial Mortgage Trust 2024-UNIV                                         | CUSIP: 08861RAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      710000 | PA      | $711553.13    | 0.08%             | 2041-11-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| CELLNEX TELECOM SA                                                 | Cellnex Telecom SA                                                               | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | DBT              | CORP              | ES        |      100000 | PA      | $106038.39    | 0.01%             | 2031-11-20      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| Lyra MUSIC Assets (Delaware) LP                                    | Lyra Music Assets Delaware LP                                                    | CUSIP: 552339AA1<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-O            | CORP              | US        |      419398 | PA      | $425378.10    | 0.05%             | 2064-12-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae                                                                       | CUSIP: 21H0206A8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     2961000 | PA      | $2446938.89   | 0.28%             | 2055-10-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED USD / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |           1 | NC      | $-1161.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                     | Enterprise Fleet Financing 2024-4 LLC                                            | CUSIP: 29374MAD0<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |       65000 | PA      | $65966.13     | 0.01%             | 2031-06-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BAYER AG                                                           | Bayer AG                                                                         | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $125219.89    | 0.01%             | 2083-09-25      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| HEINEKEN NV                                                        | Heineken NV                                                                      | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | DBT              | CORP              | NL        |      180000 | PA      | $212379.42    | 0.02%             | 2034-05-03      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | DR HORTON INC                                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         -10 | NC      | $-1850.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GARDA WORLD SECURITY                                               | Garda World Security Corp                                                        | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |       94000 | PA      | $97439.74     | 0.01%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 13.290000 03-JAN-2028 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      258000 | OU      | $-79.60       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                                              | China Government Bond                                                            | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    21580000 | PA      | $3594396.09   | 0.41%             | 2053-04-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                            | Inter-American Development Bank                                                  | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    30000000 | PA      | $345236.31    | 0.04%             | 2030-10-06      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Hermitage Plc                                                      | Hermitage 2024 PLC                                                               | CUSIP: 000000000<br>LEI: 635400OUUMGTAI2EJA52 | Long             | ABS-O            | CORP              | GB        |      173200 | PA      | $233641.95    | 0.03%             | 2033-04-21      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Terrell Independent School District/TX                             | TERRELL TX INDEP SCH DIST                                                        | CUSIP: 881405NY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      165000 | PA      | $176516.67    | 0.02%             | 2050-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL                                             | American International Group Inc                                                 | CUSIP: 026874DS3<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |       45000 | PA      | $46292.63     | 0.01%             | 2033-03-27      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 3.750000 09-AUG-2033 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     8715901 | OU      | $113993.74    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| METRO Finance Trust                                                | Metro Finance 2025-1 Trust                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |      434756 | PA      | $288704.97    | 0.03%             | 2031-10-15      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED CLP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CL        |           1 | NC      | $-48.87       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J5YR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        8911 | PA      | $8567.50      | 0.00%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |           1 | NC      | $-6209.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $-6267.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MEDCO MAPLE TREE PTE LTD                                           | Medco Maple Tree Pte Ltd                                                         | CUSIP: 58407HAA7<br>LEI: 254900T5AQZNR0THA508 | Long             | DBT              | CORP              | SG        |      104000 | PA      | $108680.00    | 0.01%             | 2029-04-27      | Fixed         | 8.96%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                                       | Magnera Corp                                                                     | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |      105000 | PA      | $92956.82     | 0.01%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                             | Northern Oil & Gas Inc                                                           | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |      100000 | PA      | $103309.50    | 0.01%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DVMD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      481755 | PA      | $428084.32    | 0.05%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM AG                                                | Deutsche Telekom AG                                                              | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | DBT              | CORP              | DE        |       40000 | PA      | $43694.64     | 0.00%             | 2045-02-03      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                     | Home Depot Inc/The                                                               | CUSIP: 437076DG4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |      787000 | PA      | $777475.60    | 0.09%             | 2064-06-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.020000 17-SEP-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   138623036 | OU      | $-1695.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                           | Capital One Financial Corp                                                       | CUSIP: 14040HDN2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |       47000 | PA      | $46483.07     | 0.01%             | 2036-09-11      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.251000 19-MAR-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    16415859 | OU      | $-6498.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sweden Government Bonds                                            | Sweden Government Bonds                                                          | CUSIP: 000000000<br>LEI: ERE94C0BSULG2RM19605 | Long             | DBT              | NUSS              | SE        |      960000 | PA      | $100980.49    | 0.01%             | 2026-11-12      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                           | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      383000 | PA      | $265383.86    | 0.03%             | 2061-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | DR HORTON INC                                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          10 | NC      | $4100.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spain Government Bonds                                             | Spain Government Bonds                                                           | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |        3000 | PA      | $3550.21      | 0.00%             | 2030-01-31      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Boeing Co/The                                                      | Boeing Co/The                                                                    | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |         786 | NS      | $169642.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QNE40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       69230 | PA      | $59689.05     | 0.01%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac REMICS                                                               | CUSIP: 3137HFWY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1808680 | PA      | $1810398.22   | 0.20%             | 2054-10-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| TVC DSCR 21 1 A                                                    | TVC DSCR 21 1 A                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      592907 | PA      | $546588.27    | 0.06%             | 2051-02-01      | Fixed         | 2.38%                 | No            |                  3 | On Loan: No      |
| Citibank NA                                                        | PURCHASED COP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CO        |           1 | NC      | $-42976.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3129414T1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         780 | PA      | $760.66       | 0.00%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 3.000000 05-MAR-2029 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     6374271 | OU      | $293187.09    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae                                                                       | CUSIP: 21H0526A1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     2564000 | PA      | $2583082.01   | 0.29%             | 2054-10-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EGYPT GOVERNMENT BOND                                              | Egypt Government Bond                                                            | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    15195000 | PA      | $324290.20    | 0.04%             | 2027-10-01      | Fixed         | 24.46%                | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                            | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    78737300 | PA      | $4279829.18   | 0.48%             | 2026-09-03      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DVMB8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       45030 | PA      | $38679.50     | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMRM9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       23657 | PA      | $22874.67     | 0.00%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED PLN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | PL        |           1 | NC      | $-1520.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                                      | ZF North America Capital Inc                                                     | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |      150000 | PA      | $148528.85    | 0.02%             | 2030-04-14      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                              | Directv Financing LLC                                                            | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      100000 | PA      | $99171.00     | 0.01%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CALI Mortgage Trust                                                | Cali 2024-Sun                                                                    | CUSIP: 12988DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      140000 | PA      | $140306.25    | 0.02%             | 2041-07-15      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| STONEGATE PUB FIN                                                  | Stonegate Pub Co Financing 2019 PLC                                              | CUSIP: 000000000<br>LEI: 254900L5266ML3505282 | Long             | DBT              | CORP              | GB        |      223000 | PA      | $300732.81    | 0.03%             | 2029-07-31      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                    | Nissan Motor Co Ltd                                                              | CUSIP: 000000000<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |      192000 | PA      | $229729.28    | 0.03%             | 2029-07-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                           | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      100000 | PA      | $102216.00    | 0.01%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Australia Government Bonds                                         | Australia Government Bonds                                                       | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |       90000 | PA      | $57661.59     | 0.01%             | 2028-05-21      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                                   | OneMain Financial Issuance Trust 2023-2                                          | CUSIP: 68269HAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      552000 | PA      | $570157.98    | 0.06%             | 2036-09-15      | Fixed         | 7.52%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                           | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      100000 | PA      | $100059.17    | 0.01%             | 2027-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJC97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        6756 | PA      | $6523.13      | 0.00%             | 2031-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC INC                                                      | Medtronic Inc                                                                    | CUSIP: 000000000<br>LEI: D56MRZY2INAN94ZONZ37 | Long             | DBT              | CORP              | US        |      100000 | PA      | $117023.52    | 0.01%             | 2045-10-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ISHARES IBOXX HIGH YIELD COR                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         717 | NC      | $6453.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARENA LUX FIN SARL                                                 | Arena Luxembourg Finance Sarl                                                    | CUSIP: 000000000<br>LEI: 222100KX2LPK5KRSIG74 | Long             | DBT              | CORP              | LU        |      103000 | PA      | $121676.44    | 0.01%             | 2030-05-01      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                              | Brazil Government International Bonds                                            | CUSIP: 105756CE8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     3900000 | PA      | $3608592.00   | 0.41%             | 2031-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                            | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      169000 | PA      | $164802.53    | 0.02%             | 2029-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                     | Morgan Stanley Capital I Trust 2017-ASHF                                         | CUSIP: 61691KAQ4<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |      260000 | PA      | $247425.26    | 0.03%             | 2034-11-15      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 6.002600 19-MAR-2030 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    84433000 | OU      | $11663.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                | Synchrony Financial                                                              | CUSIP: 87165BAX1<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |       93000 | PA      | $93801.85     | 0.01%             | 2029-07-29      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                           | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |      155000 | PA      | $163928.62    | 0.02%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132QTHA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        4169 | PA      | $4096.35      | 0.00%             | 2045-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-20.75       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                                   | Vital Energy Inc                                                                 | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |       40000 | PA      | $38829.49     | 0.00%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 3617ALXR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        9092 | PA      | $8990.07      | 0.00%             | 2047-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                               | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      200000 | PA      | $202500.00    | 0.02%             | 2027-01-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED CAD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | CA        |           1 | NC      | $-7939.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WHFF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1463 | PA      | $1325.77      | 0.00%             | 2046-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                             | Match Group Holdings II LLC                                                      | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |       56000 | PA      | $52891.59     | 0.01%             | 2030-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.455000 19-MAR-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    17731149 | OU      | $-945.56      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 0.929500 16-SEP-2027 THO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    36490000 | OU      | $142.88       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (BRAZIL)                                                        | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     1867321 | OU      | $-31916.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Octagon Investments Partners 36, Ltd.                              | Octagon Investment Partners 36 Ltd                                               | CUSIP: 67591UAC1<br>LEI: 549300S890TBOLY1D042 | Long             | ABS-CBDO         | CORP              | KY        |      222228 | PA      | $222411.27    | 0.03%             | 2031-04-15      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138ERA91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        3552 | PA      | $3237.40      | 0.00%             | 2046-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 31335ARP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       11940 | PA      | $12397.61     | 0.00%             | 2039-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DM7D1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      312883 | PA      | $256985.61    | 0.03%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138Y8EH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        2794 | PA      | $2732.62      | 0.00%             | 2030-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179WDR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      660522 | PA      | $569135.82    | 0.06%             | 2051-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                                | Intesa Sanpaolo SpA                                                              | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $133639.41    | 0.02%             | 2030-06-10      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                                | Egypt Treasury Bills                                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | STIV             | NUSS              | EG        |      450000 | PA      | $8951.19      | 0.00%             | 2025-12-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PROMIGAS/GASES PACIFICO                                            | Promigas SA ESP / Gases del Pacifico SAC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      400000 | PA      | $379752.00    | 0.04%             | 2029-10-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418CLH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      120702 | PA      | $116489.13    | 0.01%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                               | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 19655000000 | PA      | $1219518.15   | 0.14%             | 2038-06-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.035000 17-SEP-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     2858267 | OU      | $-3973.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                             | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      123000 | PA      | $125792.10    | 0.01%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                | Petroleos Mexicanos                                                              | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      374000 | PA      | $362593.00    | 0.04%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                           | Petroleos de Venezuela SA                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |      213800 | PA      | $38377.10     | 0.00%             | 2035-05-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS                                           | Air Products and Chemicals Inc                                                   | CUSIP: 009158BG0<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |      358000 | PA      | $433661.84    | 0.05%             | 2035-03-03      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.822500 07-JUN-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    15930000 | OU      | $18882.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                                           | Banco Bilbao Vizcaya Argentaria SA                                               | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |      200000 | PA      | $236606.66    | 0.03%             | 2026-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Unified School District No 231 Gardner - Edgerton   | JOHNSON CNTY KS UNIF SCH DIST#231                                                | CUSIP: 478710YV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      100000 | PA      | $105009.25    | 0.01%             | 2050-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                     | Morgan Stanley Residential Mortgage Loan Trust 2025-DSC1                         | CUSIP: 61790VAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1558554 | PA      | $1571978.27   | 0.18%             | 2070-03-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| Goldman Home Improvement Trust Issuer Trust                        | Goldman Home Improvement Trust 2022-GRN2 Issuer Trust                            | CUSIP: 38151JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       43039 | PA      | $44182.24     | 0.01%             | 2052-10-25      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                     | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |           1 | NC      | $-12993.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                           | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      400000 | PA      | $450241.90    | 0.05%             | 2030-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED CNH / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | CN        |           1 | NC      | $1.37         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QRFW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1251605 | PA      | $1219509.43   | 0.14%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DV6T7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      238192 | PA      | $183132.63    | 0.02%             | 2050-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                                           | California Resources Corp                                                        | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |       97000 | PA      | $101155.97    | 0.01%             | 2029-06-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                | COMM 2024-WCL1 MORTGAGE TRUST                                                    | CUSIP: 20047DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      170000 | PA      | $169521.88    | 0.02%             | 2041-06-15      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| Lyra MUSIC Assets (Delaware) LP                                    | Lyra Music Assets Delaware LP                                                    | CUSIP: 552339AD5<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-O            | CORP              | US        |      283000 | PA      | $286188.19    | 0.03%             | 2065-09-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| FREEWIRE EQUITY                                                    | FREEWIRE EQUITY                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |           6 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Diameter Capital CLO                                               | Diameter Capital Clo 2 Ltd                                                       | CUSIP: 25255LAU6<br>LEI: 2549008BUJNKS7JJUU65 | Long             | ABS-CBDO         | CORP              | KY        |      500000 | PA      | $502264.95    | 0.06%             | 2037-10-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | BR        |           1 | NC      | $-251.55      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | ZA        |           1 | NC      | $64091.18     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140Q83T0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       51223 | PA      | $50520.63     | 0.01%             | 2048-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                                | Travel + Leisure Co                                                              | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |      200000 | PA      | $201486.00    | 0.02%             | 2026-07-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140L6U44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       92479 | PA      | $75785.03     | 0.01%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                            | Starwood Property Trust Inc                                                      | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |      121000 | PA      | $119613.55    | 0.01%             | 2026-07-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                   | COLT 2025-5 Mortgage Loan Trust                                                  | CUSIP: 19689AAA3<br>LEI: 213800S6EGXVNRKXHN58 | Long             | ABS-MBS          | CORP              | US        |     1815152 | PA      | $1831306.37   | 0.21%             | 2070-05-25      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| PENINSULA PACFIC ENTERTAIN LLC                                     | PENINSULA PACFIC ENTERTAIN LLC 2025 DELAYED DRAW TERM LOAN                       | CUSIP: 70715SAD9<br>LEI: 549300LWV74H4IE3FG45 | Long             | LON              | CORP              | US        |       78951 | PA      | $78753.36     | 0.01%             | 2032-08-13      | Floating      | 8.93%                 | No            |                  3 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133A7UK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        6637 | PA      | $6008.94      | 0.00%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                              | Mineral Resources Ltd                                                            | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |      112000 | PA      | $117354.61    | 0.01%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                               | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      200000 | PA      | $156600.00    | 0.02%             | 2061-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132L8EV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       39372 | PA      | $35818.98     | 0.00%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                                         | TELUS Corp                                                                       | CUSIP: 87971MCL5<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |       15000 | PA      | $15442.65     | 0.00%             | 2055-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                                                 | Panama Government International Bond                                             | CUSIP: 698299AV6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      100000 | PA      | $100800.00    | 0.01%             | 2026-01-29      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                                | Egypt Treasury Bills                                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | STIV             | NUSS              | EG        |     5675000 | PA      | $112327.05    | 0.01%             | 2025-12-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                                    | Republic Finance Issuance Trust 2021-A                                           | CUSIP: 76042UAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      136000 | PA      | $134715.89    | 0.02%             | 2031-12-22      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140L73Z3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       25555 | PA      | $21904.60     | 0.00%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Trust 2024-VLT4                                                               | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      647000 | PA      | $647404.38    | 0.07%             | 2041-06-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD MXN                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $-37371.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SNAP INC                                                           | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |       14000 | PA      | $14309.38     | 0.00%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                        | Equinix Inc                                                                      | CUSIP: 29444UBS4<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |      607000 | PA      | $547095.16    | 0.06%             | 2031-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                                                     | PECO Energy Co                                                                   | CUSIP: 693304BE6<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |      290000 | PA      | $245179.24    | 0.03%             | 2052-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.615000 17-SEP-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     3162215 | OU      | $-2089.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENTA GROUP HOLDINGS                                            | Currenta Group Holdings Sarl                                                     | CUSIP: 000000000<br>LEI: 222100SF79KCJKYUPE47 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $120316.81    | 0.01%             | 2030-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | SPDR S+P 500 ETF TRUST                                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |         204 | NC      | $8670.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| POST HOLDINGS INC                                                  | Post Holdings Inc                                                                | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      149000 | PA      | $148405.22    | 0.02%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Commercial Mortgage Trust 2024-XL4                                            | CUSIP: 05611VAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      603223 | PA      | $605107.94    | 0.07%             | 2039-02-15      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DSHH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      258062 | PA      | $252336.52    | 0.03%             | 2053-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J8GB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       26982 | PA      | $26170.96     | 0.00%             | 2033-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNIBAIL-RODAMCO-WESTFLD                                            | Unibail-Rodamco-Westfield SE                                                     | CUSIP: 000000000<br>LEI: 969500SHQITWXSIS7N89 | Long             | DBT              |  | FR        |      100000 | PA      | $119255.04    | 0.01%             | 2031-06-11      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                                | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |      200000 | PA      | $223502.11    | 0.03%             | 2032-07-06      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                          | Nelnet Student Loan Trust 2023-PL1                                               | CUSIP: 64034UAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       93467 | PA      | $94767.68     | 0.01%             | 2053-11-25      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| VZ VENDOR FINANCING                                                | VZ Vendor Financing II BV                                                        | CUSIP: 000000000<br>LEI: 724500DRKUUR3GFOSK76 | Long             | DBT              | CORP              | NL        |      170000 | PA      | $188149.52    | 0.02%             | 2029-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 5.237500 19-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     6665187 | OU      | $-16207.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.020000 17-SEP-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     4359346 | OU      | $-1423.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Carrier Global Corp                                                | Carrier Global Corp                                                              | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |        1682 | NS      | $100415.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                             | US 2YR FUTR OPTN OCT25C 104.6                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          37 | NC      | $37.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SA                                                     | SWP: OIS 12.995000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DIR              |  | FR        |    30000000 | OU      | $-53332.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                               | Chile Government International Bonds                                             | CUSIP: 168863DY1<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |      200000 | PA      | $177000.00    | 0.02%             | 2042-03-07      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| BXP Trust                                                          | BXP Trust 2017-CC                                                                | CUSIP: 05607CAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      220000 | PA      | $177662.63    | 0.02%             | 2037-08-13      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                             | UnitedHealth Group Inc                                                           | CUSIP: 91324PEF5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |       66000 | PA      | $45009.38     | 0.01%             | 2051-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140GRX74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       25346 | PA      | $24375.76     | 0.00%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                  | ESTX BANKS (EUR) PR                                                              | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |          60 | NC      | $17434.65     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM INC                                                      | TransDigm Inc                                                                    | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      227000 | PA      | $231326.39    | 0.03%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $100.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140GNNQ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       30716 | PA      | $29531.02     | 0.00%             | 2047-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                                 | USD C MXN P @19.00000 EO                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |     1679100 | OU      | $1217.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132JNVH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        1129 | PA      | $1115.01      | 0.00%             | 2043-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DU2R7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       72151 | PA      | $74084.82     | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                                   | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      207000 | PA      | $254702.48    | 0.03%             | 2031-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                                           | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $119380.56    | 0.01%             | 2030-10-23      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                   | SMB Private Education Loan Trust 2024-C                                          | CUSIP: 83206EAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      141022 | PA      | $140851.60    | 0.02%             | 2052-06-17      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                                     | Wynn Macau Ltd                                                                   | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |      200000 | PA      | $202740.00    | 0.02%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 3622A24Y5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        8854 | PA      | $8126.71      | 0.00%             | 2045-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Edenbrook Mortgage Funding Plc                                     | Edenbrook Mortgage Funding PLC                                                   | CUSIP: 000000000<br>LEI: 635400URO7UOS6PWLH17 | Long             | ABS-O            | CORP              | GB        |      209252 | PA      | $282493.40    | 0.03%             | 2057-03-22      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QGJ99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      260116 | PA      | $246073.21    | 0.03%             | 2035-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XFUY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       33135 | PA      | $27617.05     | 0.00%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: THB 1.576500 17-SEP-2035 THO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      506852 | OU      | $182.99       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | S+P500 EMINI FUT DEC25                                                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         -59 | NC      | $-245296.59   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| INEOS FINANCE PLC                                                  | INEOS Finance PLC                                                                | CUSIP: 000000000<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $117238.50    | 0.01%             | 2031-03-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3142GUTY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      140638 | PA      | $144465.82    | 0.02%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                           | AT&T Inc                                                                         | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      170000 | PA      | $117150.07    | 0.01%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                        | SWAP/CDSWAP/CDS: (CMBX.NA.9.A)                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | US        |       64995 | OU      | $-4273.67     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 2.293191 31-JAN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      159766 | OU      | $-252.92      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TONGYANGLIFEINSURANCECO                                            | Tongyang Life Insurance Co Ltd                                                   | CUSIP: 000000000<br>LEI: 9884007L6E9UAWKGCX42 | Long             | DBT              | CORP              | KR        |      500000 | PA      | $521477.50    | 0.06%             | 2035-05-07      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Cordatus CLO PLC                                                   | CVC Cordatus Loan Fund IV DAC                                                    | CUSIP: 000000000<br>LEI: 2138005AFEIY5AMT4165 | Long             | ABS-CBDO         | CORP              | IE        |      100000 | PA      | $116811.58    | 0.01%             | 2034-02-22      | Floating      | 3.33%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.000000 03-NOV-2053 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     5309497 | OU      | $19431.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                        | USD P JPY C @137.0000 EO                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |    -1643000 | OU      | $-483.04      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM AG                                                | Deutsche Telekom AG                                                              | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | DBT              | CORP              | DE        |      222000 | PA      | $222660.45    | 0.03%             | 2039-03-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MOTABILITY OPERATIONS GR                                           | Motability Operations Group PLC                                                  | CUSIP: 000000000<br>LEI: AZ3NL8JCZDCNUXFWI720 | Long             | DBT              | CORP              | GB        |      332000 | PA      | $394075.96    | 0.04%             | 2034-01-24      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 13.425000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      561905 | OU      | $387.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 6.720000 17-SEP-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     2582157 | OU      | $-5.14        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                             | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KDJ6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |      764000 | PA      | $786665.49    | 0.09%             | 2030-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                                   | Carlyle US CLO 2024-6 Ltd                                                        | CUSIP: 14319PAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     2500000 | PA      | $2515424.50   | 0.28%             | 2037-10-25      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD CNH                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $3490.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Balder Finland OYJ                                                 | Balder Finland OYJ                                                               | CUSIP: 000000000<br>LEI: 5493007P4MCJM21IB748 | Long             | DBT              | CORP              | FI        |      100000 | PA      | $109317.61    | 0.01%             | 2029-01-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                                   | Arches Buyer Inc                                                                 | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |       93000 | PA      | $91134.52     | 0.01%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED PEN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | PE        |           1 | NC      | $3420.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD TWD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $348.06       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                             | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      100000 | PA      | $99371.57     | 0.01%             | 2027-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO Ltd                                            | Warwick Capital CLO 4 Ltd                                                        | CUSIP: 93655QAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1000000 | PA      | $1003830.40   | 0.11%             | 2037-07-20      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Jordan Government International Bonds                              | Jordan Government International Bonds                                            | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |      200000 | PA      | $208242.00    | 0.02%             | 2029-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.399500 17-SEP-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  3517922000 | OU      | $-9501.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                               | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 38030000000 | PA      | $2339002.92   | 0.26%             | 2035-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CNTRL PARENT/CDK GLB INC                                           | Central Parent Inc / CDK Global Inc                                              | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       48000 | PA      | $41330.64     | 0.00%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                                                | Malaysia Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     4048000 | PA      | $986621.25    | 0.11%             | 2034-07-05      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED NOK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | NO        |           1 | NC      | $-16253.90    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MOBICO GROUP PLC                                                   | Mobico Group PLC                                                                 | CUSIP: 000000000<br>LEI: 213800A8IQEMY8PA5X34 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $82110.89     | 0.01%             | 2025-11-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140X83E5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       46654 | PA      | $44855.16     | 0.01%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |           1 | NC      | $5720.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                            | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                                      | CUSIP: 25477GYP4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |      320000 | PA      | $340283.40    | 0.04%             | 2050-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QMMP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      312397 | PA      | $278827.81    | 0.03%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                                                   | Credit Acceptance Corp                                                           | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |        3000 | PA      | $3151.89      | 0.00%             | 2028-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                     | DEC25 KOSPI2  C @ 535                                                            | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DE               |  | US        |     -200000 | NC      | $-242.14      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                | COMM 2016-DC2 Mortgage Trust                                                     | CUSIP: 12594CBK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      100000 | PA      | $98962.12     | 0.01%             | 2049-02-10      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                                   | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |           1 | NC      | $-67825.39    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ASTM SPA                                                           | ASTM SpA                                                                         | CUSIP: 000000000<br>LEI: 8156003F2286CFA55E20 | Long             | DBT              | CORP              | IT        |     3242000 | PA      | $3745034.62   | 0.42%             | 2026-11-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 6.070000 19-MAR-2035 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    33254500 | OU      | $-3493.96     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED JPY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | JP        |           1 | NC      | $-129.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.970000 06-JUN-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    16986000 | OU      | $-7574.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                                 | Dominican Republic International Bond                                            | CUSIP: 25714PED6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      350000 | PA      | $342650.00    | 0.04%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Trust 2021-LBA                                                                | CUSIP: 05609BAR0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      133749 | PA      | $133080.26    | 0.02%             | 2036-02-15      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                                           | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 000000000<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |      700000 | PA      | $736315.27    | 0.08%             | 2031-11-05      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                                               | Aramark Services Inc                                                             | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |      100000 | PA      | $99528.45     | 0.01%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED USD / SOLD HUF                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $-2060.67     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Hops Hill                                                          | Hops Hill NO 5 PLC                                                               | CUSIP: 000000000<br>LEI: 635400LDVC1LDKJUB342 | Long             | ABS-MBS          | CORP              | GB        |      100000 | PA      | $134885.35    | 0.02%             | 2056-06-21      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 312942H40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        3570 | PA      | $3498.50      | 0.00%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179SB89<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       89793 | PA      | $83596.45     | 0.01%             | 2046-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust                             | Velocity Commercial Capital Loan Trust 2025-3                                    | CUSIP: 92262RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2189965 | PA      | $2208953.46   | 0.25%             | 2055-06-25      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $157.11       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                           | Service Properties Trust                                                         | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |      100000 | PA      | $88134.83     | 0.01%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SCHAEFFLER AG                                                      | Schaeffler AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $116679.86    | 0.01%             | 2028-10-12      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                       | GS Mortgage Securities Corp Trust 2024-RVR                                       | CUSIP: 36272JAL7<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |      250000 | PA      | $249311.15    | 0.03%             | 2041-08-10      | Variable      | 7.72%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                             | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      149000 | PA      | $147670.86    | 0.02%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                 | Credit Agricole SA                                                               | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |     1000000 | PA      | $1147274.89   | 0.13%             | 2028-01-12      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| STL HOLDING CO LLC                                                 | STL Holding Co LLC                                                               | CUSIP: 861036AB7<br>LEI: 984500BC2I63E7F48656 | Long             | DBT              | CORP              | US        |       95000 | PA      | $99552.02     | 0.01%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| RUNITONETIME LLC                                                   | RunItOneTime LLC Term Loan                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |        9411 | PA      | $9048.57      | 0.00%             | 2026-07-07      | Floating      | 16.82%                | No            |                  3 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QEBK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      328156 | PA      | $282009.31    | 0.03%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                                           | Corp Financiera de Desarrollo SA                                                 | CUSIP: 000000000<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |      200000 | PA      | $191688.00    | 0.02%             | 2027-09-28      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| HT TROPLAST AG                                                     | HT Troplast GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900Y2N2GAY3FXGP86 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $122614.12    | 0.01%             | 2028-07-15      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| PRIME INVTS LTD PARTNERSHIP                                        | PRIME INVTS LTD PARTNERSHIP                                                      | CUSIP: 74167YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      916706 | PA      | $940815.37    | 0.11%             | 2030-05-01      | Fixed         | 11.00%                | No            |                  3 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                           | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       18000 | PA      | $18824.85     | 0.00%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GS FINANCE CORP                                                    | GS Finance Corp                                                                  | CUSIP: 40058GUK5<br>LEI: 549300FR80KBVO6DRL61 | Long             | SN               | CORP              | US        |     1930000 | PA      | $1949261.40   | 0.22%             | 2030-02-14      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED MYR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MY        |           1 | NC      | $-3339.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                                           | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      200000 | PA      | $193236.94    | 0.02%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                               | Saudi Government International Bonds                                             | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |      200000 | PA      | $202390.00    | 0.02%             | 2030-04-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                                           | Suburban Propane Partners LP/Suburban Energy Finance Corp                        | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       39000 | PA      | $37108.11     | 0.00%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 3.922300 03-NOV-2027 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     2064150 | OU      | $22759.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CIRKUL COM 0.01 WARRANTS                                           | CIRKUL COM 0.01 WARRANTS                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |         995 | NS      | $4378.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Euro Parfums Fze                                                   | Euro Parfums Fze Term Loan B                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |      192700 | PA      | $191736.50    | 0.02%             | 2028-06-23      | Floating      | 9.12%                 | No            |                  3 | On Loan: No      |
| TELECOM ARGENTINA SA                                               | Telecom Argentina SA                                                             | CUSIP: 879273AV2<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |       27040 | PA      | $26620.88     | 0.00%             | 2033-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 4.072500 03-NOV-2027 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    20964288 | OU      | $291600.94    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140KA6L5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       39849 | PA      | $34157.70     | 0.00%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                           | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      100000 | PA      | $115031.79    | 0.01%             | 2026-08-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                | Elevance Health Inc                                                              | CUSIP: 28622HAC5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |      230000 | PA      | $210077.85    | 0.02%             | 2053-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                                         | Affirm Asset Securitization Trust 2024-A                                         | CUSIP: 00834BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      570000 | PA      | $572600.34    | 0.06%             | 2029-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.660000 18-JUN-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     7148556 | OU      | $-3575.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                                              | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAC6<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |       28000 | PA      | $27955.35     | 0.00%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 3.750000 09-JUL-2035 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     7030811 | OU      | $49599.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                           | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |      100000 | PA      | $105909.70    | 0.01%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                              | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $216468.20    | 0.02%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 36197MRS9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        8937 | PA      | $8814.22      | 0.00%             | 2047-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                            | Romanian Government International Bond                                           | CUSIP: 77586RAN0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       28000 | PA      | $28293.68     | 0.00%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                              | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |       89000 | PA      | $98345.89     | 0.01%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED USD / SOLD CHF                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $-2.00        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                               | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  1477000000 | PA      | $91181.96     | 0.01%             | 2040-08-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                              | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       59111 | PA      | $52520.12     | 0.01%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| NESTLE FINANCE INTL LTD                                            | Nestle Finance International Ltd                                                 | CUSIP: 000000000<br>LEI: 0KLLMNHINTFDRMU6DI05 | Long             | DBT              | CORP              | LU        |      371000 | PA      | $426839.74    | 0.05%             | 2037-01-23      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: AUD 3.900000 20-SEP-2030 AUD                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1960000 | OU      | $-1287.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140JV6C1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       26524 | PA      | $26106.88     | 0.00%             | 2049-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                           | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |      400000 | PA      | $398585.72    | 0.05%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-8392.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust                          | GoodLeap Home Improvement Solutions Trust 2025-2                                 | CUSIP: 38238FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      918974 | PA      | $929169.12    | 0.11%             | 2049-06-20      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                           | Capital One Financial Corp                                                       | CUSIP: 14040HDA0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |       80000 | PA      | $86533.87     | 0.01%             | 2034-06-08      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UPX HIL 2025-1 Issuer Trust                                        | UPX HIL 2025-1 Issuer Trust                                                      | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      441395 | PA      | $443276.39    | 0.05%             | 2047-01-25      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: GBP 4.860000 20-JUN-2028 SON                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | GB        |     2670000 | OU      | $107083.36    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| OCEANA A NOTE 3 YEAR                                               | OCEANA A NOTE 3 YEAR                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |      248000 | PA      | $167596.95    | 0.02%             | 2026-07-31      | Fixed         | 12.50%                | No            |                  3 | On Loan: No      |
| U.K. Gilts                                                         | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     1000000 | PA      | $1017569.81   | 0.12%             | 2052-07-22      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                                   | Cinemark USA Inc                                                                 | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |      100000 | PA      | $99448.16     | 0.01%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED SGD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | SG        |           1 | NC      | $-10849.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DM2T1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      126729 | PA      | $104088.03    | 0.01%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NAKED JUICE LLC                                                    | Naked Juice LLC 2025 FLSO Term Loan                                              | CUSIP: 62984CAM5<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |       50107 | PA      | $37669.93     | 0.00%             | 2029-01-24      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (CDX.NA.HY.43.V1)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      786387 | OU      | $60304.65     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138LQ2K9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1140 | PA      | $1079.97      | 0.00%             | 2042-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                            | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAF2<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |      100000 | PA      | $104118.79    | 0.01%             | 2028-09-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                                     | NIKKEI 225 (OSE) DEC25                                                           | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |          -2 | NC      | $-22012.27    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VENDOR FIN                                            | Virgin Media Vendor Financing Notes III DAC                                      | CUSIP: 000000000<br>LEI: 635400SSKC2QCGEPIQ43 | Long             | DBT              | CORP              | IE        |      400000 | PA      | $523974.85    | 0.06%             | 2028-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                              | LOUISIANA PUB FACS AUTH REVENUE                                                  | CUSIP: 546399KR6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |      155000 | PA      | $110470.32    | 0.01%             | 2047-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                                 | Serbia International Bond                                                        | CUSIP: 817477AJ1<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |      200000 | PA      | $208300.00    | 0.02%             | 2034-06-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED PEN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | PE        |           1 | NC      | $2084.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.443000 17-SEP-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   542825567 | OU      | $-975.90      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                             | US 2YR FUTR OPTN NOV25C 104.2                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          16 | NC      | $3500.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Consumo Santander                                                  | Santander Consumo 8 Fondo de Titulizacion                                        | CUSIP: 000000000<br>LEI: 529900MNYVA8N0FZJK96 | Long             | ABS-O            | CORP              | ES        |      100000 | PA      | $118074.86    | 0.01%             | 2040-01-21      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                                         | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |       30000 | PA      | $39365.07     | 0.00%             | 2038-12-07      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                           | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |      106000 | PA      | $108204.38    | 0.01%             | 2033-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                       | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |      200000 | PA      | $207394.80    | 0.02%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                            | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      116000 | PA      | $121671.50    | 0.01%             | 2031-04-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                            | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      887000 | PA      | $888034.92    | 0.10%             | 2029-05-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| IMCD NV                                                            | IMCD NV                                                                          | CUSIP: 000000000<br>LEI: 724500NSJPNFJPDAUP02 | Long             | DBT              | CORP              | NL        |     1195000 | PA      | $1388821.92   | 0.16%             | 2027-03-31      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 14.740000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |     1364071 | OU      | $188.34       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMR23<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        3185 | PA      | $3068.34      | 0.00%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                            | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       71000 | PA      | $85887.50     | 0.01%             | 2030-03-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                     | Bombardier Inc                                                                   | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |      100000 | PA      | $104355.84    | 0.01%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                              | Wells Fargo & Co                                                                 | CUSIP: 95000U2M4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      495000 | PA      | $462258.21    | 0.05%             | 2051-04-04      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| ACEN FINANCE LTD                                                   | ACEN Finance Ltd                                                                 | CUSIP: 000000000<br>LEI: 54930080P6CVPPSROL50 | Long             | DBT              | CORP              | KY        |      267000 | PA      | $177555.00    | 0.02%             | 2026-03-08      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Panorama Auto Trust                                                | Panorama Auto Trust 2025-1                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |      434398 | PA      | $287619.07    | 0.03%             | 2033-03-15      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: OIS 3.807200 25-OCT-2029 SON                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    12500000 | OU      | $99826.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                | American Tower Corp                                                              | CUSIP: 03027XBZ2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |      548000 | PA      | $578031.10    | 0.07%             | 2033-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                            | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAK1<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |      147000 | PA      | $147094.72    | 0.02%             | 2028-09-29      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Core Scientific Inc                                                | Core Scientific Inc                                                              | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               | CORP              | US        |       24413 | NS      | $437969.22    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                             | US 2YR NOTE (CBT) DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -843 | NC      | $-12654.34    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| KRONOS INTERNATIONAL INC                                           | Kronos International Inc                                                         | CUSIP: 000000000<br>LEI: 529900NTVDLUSYY9F493 | Long             | DBT              | CORP              | US        |      105000 | PA      | $129910.06    | 0.01%             | 2029-03-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NICKEL INDUSTRIES LTD                                              | Nickel Industries Ltd                                                            | CUSIP: 000000000<br>LEI: 54930007K0WX53TSIK16 | Long             | DBT              | CORP              | AU        |      320000 | PA      | $324800.00    | 0.04%             | 2030-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $157.51       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Project Montage                                                    | Project Montage PIK Term Loan                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      257774 | PA      | $248107.36    | 0.03%             | 2029-02-16      | Floating      | 13.25%                | No            |                  3 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED USD / SOLD CZK                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | US        |           1 | NC      | $46981.25     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Loanpal Solar Loan Ltd.                                            | Loanpal Solar Loan 2020-2 Ltd                                                    | CUSIP: 53948KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       68159 | PA      | $57827.57     | 0.01%             | 2047-07-20      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DVL78<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      107069 | PA      | $96025.19     | 0.01%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Canada Government Bonds                                            | Canada Government Bonds                                                          | CUSIP: 135087D35<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |      210000 | PA      | $131468.42    | 0.01%             | 2048-12-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.403000 17-SEP-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  5207973000 | OU      | $-13687.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| U.K. Gilts                                                         | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |      165000 | PA      | $167360.27    | 0.02%             | 2044-01-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                             | USD/ZAR Down-and-out barrier option; Barrier price USD 16.70000                  | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | LU        |      450000 | OU      | $1948.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                             | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      280000 | PA      | $283846.08    | 0.03%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BCP MODULAR SERVICES                                               | BCP V Modular Services Finance II PLC                                            | CUSIP: 000000000<br>LEI: 213800227GGD6UI7PI97 | Long             | DBT              | CORP              | GB        |      280000 | PA      | $307332.98    | 0.03%             | 2031-07-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                     | Morgan Stanley Capital I Trust 2021-L5                                           | CUSIP: 61691YAB7<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |      676069 | PA      | $660052.25    | 0.07%             | 2054-05-15      | Fixed         | 1.52%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.425000 17-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      495841 | OU      | $-154.15      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                      | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      100000 | PA      | $102240.10    | 0.01%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                        | 5Y RTR 3.070000 21-NOV-2025                                                      | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | KY        |   -33328000 | OU      | $-47633.71    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds                   | Republic of Kenya Government International Bonds                                 | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |      400000 | PA      | $410848.76    | 0.05%             | 2028-02-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust                          | GoodLeap Home Improvement Solutions Trust 2025-1                                 | CUSIP: 38237EAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       21326 | PA      | $21841.49     | 0.00%             | 2049-02-20      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133KNQV8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       55427 | PA      | $45240.37     | 0.01%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                                 | Dominican Republic International Bond                                            | CUSIP: 25714PFA1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    61550000 | PA      | $1071586.73   | 0.12%             | 2036-06-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                              | SS&C Technologies Inc                                                            | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |       85000 | PA      | $87876.15     | 0.01%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                            | PURCHASED PLN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | PL        |           1 | NC      | $389.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.111300 17-SEP-2030 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     9334343 | OU      | $-2292.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Six Flags Entertainment Corp                                       | Six Flags Entertainment Corp                                                     | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Long             | EC               | CORP              | US        |        4040 | NS      | $91788.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAULT SA                                                         | Renault SA                                                                       | CUSIP: 000000000<br>LEI: 969500F7JLTX36OUI695 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $117226.82    | 0.01%             | 2030-09-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QQTM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      106993 | PA      | $110324.59    | 0.01%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                   | Lamar Media Corp                                                                 | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      113000 | PA      | $111985.50    | 0.01%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                                 | Bahrain Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |      200000 | PA      | $200822.00    | 0.02%             | 2026-01-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                             | Venture Global LNG Inc                                                           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      213000 | PA      | $220404.99    | 0.02%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Q-PARK HOLDING I BV                                                | Q-Park Holding I BV                                                              | CUSIP: 000000000<br>LEI: 2549003839B7HE3NDP48 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $121081.70    | 0.01%             | 2029-03-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                      | Citigroup Inc                                                                    | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      103000 | PA      | $103712.34    | 0.01%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                                     | Mariner Finance Issuance Trust 2025-A                                            | CUSIP: 567920AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      469000 | PA      | $474150.98    | 0.05%             | 2038-05-20      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                          | Towd Point Mortgage Trust 2024-CES2                                              | CUSIP: 89182JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1209291 | PA      | $1221807.29   | 0.14%             | 2064-02-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Spain Government Bonds                                             | Spain Government Bonds                                                           | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |      462000 | PA      | $560129.27    | 0.06%             | 2039-07-30      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                                   | LG Energy Solution Ltd                                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |      300000 | PA      | $307359.00    | 0.03%             | 2030-04-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |           1 | NC      | $6292.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                                 | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     8000000 | PA      | $139280.16    | 0.02%             | 2036-06-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418EPB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      122684 | PA      | $119524.78    | 0.01%             | 2053-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 9.110000 08-NOV-2034 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     9670400 | OU      | $-50042.59    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                            | Hyundai Capital America                                                          | CUSIP: 44891CDT7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      800000 | PA      | $806960.00    | 0.09%             | 2030-03-27      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $2599.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 6.200000 17-SEP-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    98559174 | OU      | $-222.56      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                                           | Uruguay Government International Bond                                            | CUSIP: 760942BF8<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    10169539 | PA      | $279092.74    | 0.03%             | 2033-07-20      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                           | Service Properties Trust                                                         | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |      392000 | PA      | $394202.65    | 0.04%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Trust 2023-DELC                                                               | CUSIP: 05610DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1385000 | PA      | $1393637.69   | 0.16%             | 2038-05-15      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418DEV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      131303 | PA      | $129077.90    | 0.01%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                           | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      109000 | PA      | $107101.29    | 0.01%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $9962.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | FSWP: OIS 8.575000 17-SEP-2030 IBR                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |  2085509703 | OU      | $2745.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                               | Amentum Holdings Inc                                                             | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |      147000 | PA      | $152639.80    | 0.02%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae                                                                       | CUSIP: 21H0506A5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     2163000 | PA      | $2151361.29   | 0.24%             | 2054-10-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOELS TOPHOLDING BV                                                | Boels Topholding BV                                                              | CUSIP: 000000000<br>LEI: 724500V913SEHSEW2O75 | Long             | DBT              | CORP              | NL        |      144000 | PA      | $175341.84    | 0.02%             | 2030-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | MONGODB INC                                                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          -9 | NC      | $-3487.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| New York City Transitional Finance Authority                       | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                                       | CUSIP: 64972JNN4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |      285000 | PA      | $303391.30    | 0.03%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.664700 01-JUN-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    13637959 | OU      | $2585.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                            | Windstream Services LLC                                                          | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |       22000 | PA      | $21994.06     | 0.00%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                              | Freedom Mortgage Corp                                                            | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |       15000 | PA      | $15900.00     | 0.00%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ELM Trust 2024                                                     | ELM Trust 2024-ELM                                                               | CUSIP: 26860XBG5<br>LEI: 254900IIXJ23M1M8Y987 | Long             | ABS-MBS          | CORP              | US        |      350000 | PA      | $352288.97    | 0.04%             | 2039-06-10      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 31335BKV7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       14517 | PA      | $13682.68     | 0.00%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                                           | PetSmart LLC / PetSmart Finance Corp                                             | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      300000 | PA      | $302747.48    | 0.03%             | 2033-09-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Domivest B.V.                                                      | Domi 2023-1 BV                                                                   | CUSIP: 000000000<br>LEI: 724500Q9WQ341T63UP90 | Long             | ABS-MBS          | CORP              | NL        |      116754 | PA      | $138320.02    | 0.02%             | 2055-02-15      | Floating      | 3.16%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                  | SHORT EURO-BTP FU DEC25                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |          10 | NC      | $694.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $652.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Electricite de France SA                                           | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      300000 | PA      | $360357.18    | 0.04%             | 2041-10-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                            | United Rentals North America Inc                                                 | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |      222000 | PA      | $205656.63    | 0.02%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LOXAM SAS                                                          | Loxam SAS                                                                        | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |       90000 | PA      | $109444.05    | 0.01%             | 2029-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                                     | Wynn Macau Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |     1204000 | PA      | $1201604.04   | 0.14%             | 2028-08-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| DAVIDSON HOMES WARRANTS                                            | DAVIDSON HOMES WARRANTS                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       10230 | NS      | $62607.60     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                           | Univision Communications Inc                                                     | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |       16000 | PA      | $17050.67     | 0.00%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                                              | Venezuela Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | N/A              | DE               |  | VE        |        3000 | NS      | $12000.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RUNITONETIME LLC                                                   | RunItOneTime LLC 2nd Amendment Final New Money DIP Term Loan                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       24492 | PA      | $23550.05     | 0.00%             | 2026-04-16      | Floating      | 11.50%                | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                            | PURCHASED USD / SOLD CNH                                                         | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |           1 | NC      | $6609.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0606A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     3198000 | PA      | $3267037.37   | 0.37%             | 2048-10-11      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133A7JB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        2692 | PA      | $2432.77      | 0.00%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Solaris Energy Infrastructure LLC                                  | Solaris Energy Infrastructure LLC Term Loan                                      | CUSIP: 83418UAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      899612 | PA      | $906359.59    | 0.10%             | 2029-09-11      | Floating      | 10.00%                | No            |                  3 | On Loan: No      |
| CSX CORP                                                           | CSX Corp                                                                         | CUSIP: 126408HU0<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |      325000 | PA      | $319238.97    | 0.04%             | 2032-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J5XZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1625 | PA      | $1597.64      | 0.00%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | INTUIT INC                                                                       | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          -5 | NC      | $-5850.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PHILIPPINE GOVERNMENT                                              | Philippine Government Bond                                                       | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    21000000 | PA      | $362718.60    | 0.04%             | 2030-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMQ73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       27030 | PA      | $26289.19     | 0.00%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                       | CaixaBank SA                                                                     | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |      200000 | PA      | $243251.09    | 0.03%             | 2027-10-09      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133A8RR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       38780 | PA      | $31678.36     | 0.00%             | 2050-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED USD / SOLD NOK                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $35226.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HOMES Trust                                                        | HOMES 2023-NQM1 Trust                                                            | CUSIP: 43761JAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1888295 | PA      | $1888579.79   | 0.21%             | 2068-01-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                                              | Vale Overseas Ltd                                                                | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |       61000 | PA      | $62603.08     | 0.01%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                                | Egypt Treasury Bills                                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | STIV             | NUSS              | EG        |     4300000 | PA      | $87682.26     | 0.01%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DF RESIDENTIAL III EQUITY                                          | DF RESIDENTIAL III EQUITY                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |      480173 | NS      | $504181.77    | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |
| BX Trust                                                           | BX Trust 2021-VIEW                                                               | CUSIP: 05606GAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      790000 | PA      | $773841.66    | 0.09%             | 2036-06-15      | Floating      | 8.19%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CNY 1.448000 17-SEP-2030 CNR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    23016000 | OU      | $-31702.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                               | Together Asset Backed Securitisation 2025-Cre-1 PLC                              | CUSIP: 000000000<br>LEI: 635400IHLPBPFA2IVG30 | Long             | ABS-MBS          | CORP              | GB        |      464227 | PA      | $628389.12    | 0.07%             | 2057-01-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                               | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      200000 | PA      | $196900.00    | 0.02%             | 2032-05-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (ITRAXX.XO.44.V1)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      781200 | OU      | $-98500.21    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DWFQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       21567 | PA      | $21013.54     | 0.00%             | 2052-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                | GS Mortgage-Backed Securities Trust 2025-NQM4                                    | CUSIP: 36272UAA6<br>LEI: 25490076N7JFR2Y3CU63 | Long             | ABS-MBS          | CORP              | US        |      458934 | PA      | $458932.94    | 0.05%             | 2065-10-25      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $758.88       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |           1 | NC      | $1110.80      | 0.00%             |  |  |  | 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        |      284000 | PA      | $267648.25    | 0.03%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDRIGONI SPA                                                      | Fedrigoni SpA                                                                    | CUSIP: 000000000<br>LEI: 8156004CE82074779D19 | Long             | DBT              | CORP              | IT        |      300000 | PA      | $350106.64    | 0.04%             | 2031-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Red & Black Auto Italy                                             | Red & Black Auto Italy Srl                                                       | CUSIP: 000000000<br>LEI: 8156003B1C9DCDE30892 | Long             | ABS-O            | CORP              | IT        |      212428 | PA      | $250146.56    | 0.03%             | 2036-07-28      | Floating      | 2.71%                 | No            |                  2 | On Loan: No      |
| MCM TR 2021 VFN1                                                   | MCM TR 2021 VFN1                                                                 | CUSIP: 55293CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      826460 | PA      | $794612.66    | 0.09%             | 2059-01-01      | Variable      | 2.50%                 | No            |                  3 | On Loan: No      |
| HSBC Bank USA NA                                                   | PURCHASED KRW / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | KR        |           1 | NC      | $-5517.96     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EGYPT GOVERNMENT BOND                                              | Egypt Government Bond                                                            | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    23537000 | PA      | $493022.68    | 0.06%             | 2028-07-01      | Fixed         | 23.44%                | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                                           | Baltimore Gas and Electric Co                                                    | CUSIP: 059165EQ9<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |       55000 | PA      | $53987.86     | 0.01%             | 2053-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| A2A SPA                                                            | A2A SpA                                                                          | CUSIP: 000000000<br>LEI: 81560076E3944316DB24 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $122269.49    | 0.01%             | 2029-06-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC                                               | Booking Holdings Inc                                                             | CUSIP: 000000000<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |      333000 | PA      | $389350.76    | 0.04%             | 2032-11-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |           1 | NC      | $-9938.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | FSWP: OIS 8.860000 17-SEP-2030 IBR                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   589473956 | OU      | $-960.12      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WORLDLINE SA/FRANCE                                                | Worldline SA/France                                                              | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |     1200000 | PA      | $1090546.57   | 0.12%             | 2029-11-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SCC POWER PLC                                                      | SCC Power PLC                                                                    | CUSIP: 78397YAB8<br>LEI: 529900IYGYC6VSDSDF37 | Long             | DBT              | CORP              | GB        |      190177 | PA      | $115057.09    | 0.01%             | 2028-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.097000 17-DEC-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     3935915 | OU      | $1864.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P Regional Banking ETF                                      | SPDR S&P Regional Banking ETF                                                    | CUSIP: 78464A698<br>LEI: 549300EFWJBKUN6WJX52 | Long             | EC               | RF                | US        |        3159 | NS      | $199964.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133KJVE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       84809 | PA      | $75746.51     | 0.01%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED GBP / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | GB        |           1 | NC      | $-61745.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PUMA INTERNATIONAL FINAN                                           | Puma International Financing SA                                                  | CUSIP: 000000000<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |      435000 | PA      | $448141.35    | 0.05%             | 2029-04-25      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AREAS WORLDWIDE SA                                                 | AREAS WORLDWIDE SA 2025 EUR Add-On TERM LOAN B                                   | CUSIP: 000000000<br>LEI: 5493003QHT6ZHQO67865 | Long             | LON              | CORP              | FR        |     1133333 | PA      | $1334755.10   | 0.15%             | 2029-12-31      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| 1345 Trust                                                         | 1345T 2025-AOA                                                                   | CUSIP: 68271CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      600000 | PA      | $601500.00    | 0.07%             | 2042-06-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                                  | Rakuten Group Inc                                                                | CUSIP: 75102WAM0<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |      400000 | PA      | $415798.27    | 0.05%             | 2029-12-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179VKL3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       61016 | PA      | $54586.66     | 0.01%             | 2050-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $545.22       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMETIC GROUP AB                                                   | Dometic Group AB                                                                 | CUSIP: 000000000<br>LEI: 549300STIPMK5VSA7Y59 | Long             | DBT              | CORP              | SE        |      100000 | PA      | $117836.99    | 0.01%             | 2030-09-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                       | UBS Group AG                                                                     | CUSIP: 902613BN7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      200000 | PA      | $206236.60    | 0.02%             | 2029-09-10      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 14.900000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      817388 | OU      | $-1.98        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                             | UnitedHealth Group Inc                                                           | CUSIP: 91324PET5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |       78000 | PA      | $81474.07     | 0.01%             | 2063-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                            | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |       84000 | PA      | $79823.49     | 0.01%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I                                             | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      209000 | PA      | $251537.68    | 0.03%             | 2032-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138ERGZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       18743 | PA      | $16996.48     | 0.00%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DM7F6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      226681 | PA      | $187387.67    | 0.02%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | EUR/CZK One-touch barrier option; Barrier price EUR 24.00000                     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | KY        |      124000 | OU      | $19101.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ENI SPA                                                            | Eni SpA                                                                          | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $119865.48    | 0.01%             | 2031-01-21      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CLEAN RENEWABLE POWER                                              | Clean Renewable Power Mauritius Pte Ltd                                          | CUSIP: 000000000<br>LEI: 2138003P9CSDW7P4MT75 | Long             | DBT              | CORP              | MU        |      770000 | PA      | $753637.50    | 0.09%             | 2027-03-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                     | SWP: OIS 10.120000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DIR              |  | US        |       39383 | OU      | $-791.69      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140FMDA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       10004 | PA      | $9532.65      | 0.00%             | 2036-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                                               | FREMF 2020-K104 Mortgage Trust                                                   | CUSIP: 302984AS8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      750000 | PA      | $718359.53    | 0.08%             | 2052-02-25      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J7R56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        8963 | PA      | $8719.08      | 0.00%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                                 | 5Y RTR 3.700000 27-OCT-2025                                                      | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |   -24186345 | OU      | $-257.70      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.330000 17-SEP-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1068850 | OU      | $2357.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GARFUNKELUX HOLDCO 3 SA                                            | Garfunkelux Holdco 3 SA                                                          | CUSIP: 000000000<br>LEI: 2221007QVSNJV7EWBX69 | Long             | DBT              | CORP              | LU        |      111000 | PA      | $132483.65    | 0.01%             | 2028-09-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $25020.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                               | CHARLOTTE NC ARPT REVENUE                                                        | CUSIP: 161036RV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      230000 | PA      | $167862.85    | 0.02%             | 2046-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                            | VZ Secured Financing BV                                                          | CUSIP: 000000000<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |      153000 | PA      | $179621.63    | 0.02%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 1.350000 17-SEP-2035 THO                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    17705000 | OU      | $-5368.75     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                                       | United Airlines Holdings Inc                                                     | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |        1570 | NS      | $151505.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                           | iHeartCommunications Inc                                                         | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |      100000 | PA      | $89938.62     | 0.01%             | 2029-05-01      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                             | USD/TRY Down-and-out barrier option; Barrier price USD 42.50000                  | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | LU        |      266000 | OU      | $2131.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132D6NY2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      133436 | PA      | $123622.79    | 0.01%             | 2036-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 2.214801 31-JAN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |      269014 | OU      | $-717.08      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GATEGROUP FINANCE LUX SA                                           | gategroup Finance Luxembourg SA                                                  | CUSIP: 000000000<br>LEI: 529900Q1OR7LI4GOGW68 | Long             | DBT              | CORP              | LU        |      125000 | PA      | $155332.50    | 0.02%             | 2027-02-28      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138M8YB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         638 | PA      | $629.11       | 0.00%             | 2027-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                            | Light & Wonder International Inc                                                 | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |       90000 | PA      | $93596.22     | 0.01%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                                | Egypt Treasury Bills                                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    10800000 | PA      | $216981.81    | 0.02%             | 2025-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $-198.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| USAVFLOW II LTD                                                    | USAVFLOW II Ltd Term Loan B                                                      | CUSIP: 000000000<br>LEI: 254900MV3KWOGGVL7L93 | Long             | LON              | CORP              | KY        |      339000 | PA      | $341135.70    | 0.04%             | 2029-08-16      | Floating      | 10.63%                | No            |                  3 | On Loan: No      |
| LCH Ltd.                                                           | SWP: JPY 0.283000 09-MAR-2026 FTO                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |        1226 | OU      | $0.03         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 10.316400 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |        1000 | OU      | $-18.29       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                                            | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      107000 | PA      | $111589.87    | 0.01%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Spain Government Bonds                                             | Spain Government Bonds                                                           | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |      866000 | PA      | $877715.76    | 0.10%             | 2046-10-31      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                              | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |      176000 | PA      | $182986.09    | 0.02%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                              | Directv Financing LLC                                                            | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       65000 | PA      | $64201.89     | 0.01%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                             | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      281000 | PA      | $314135.32    | 0.04%             | 2030-04-16      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Rakuten Group Inc                                                  | Rakuten Group Inc                                                                | CUSIP: 000000000<br>LEI: 529900IMXUCQKUL1H943 | Long             | EC               | CORP              | JP        |       25300 | NS      | $164061.95    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132XCSC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       74897 | PA      | $74118.40     | 0.01%             | 2048-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WFAF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         389 | PA      | $377.10       | 0.00%             | 2030-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FABBRICA ITA SINTETICI                                             | FIS Fabbrica Italiana Sintetici SpA                                              | CUSIP: 000000000<br>LEI: 8156004D7056C63EC525 | Long             | DBT              | CORP              | IT        |      300000 | PA      | $354879.50    | 0.04%             | 2027-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | USD C MXN P @19.20000 EO                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |       85300 | OU      | $111.06       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJET1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        3216 | PA      | $3105.85      | 0.00%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | FSWP: OIS 8.620000 05-NOV-2025 IBR                                               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |  7467468000 | OU      | $12622.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                | PETROLEOS MEXICANOS                                                              | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     2154000 | PA      | $2141076.00   | 0.24%             | 2026-03-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED EGP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |           1 | NC      | $1147.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae                                                                       | CUSIP: 21H0426A2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     1546000 | PA      | $1499004.18   | 0.17%             | 2055-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FLOURISHING TRADE + INVT LTD                                       | FLOURISHING TRADE + INVT LTD                                                     | CUSIP: 343427AA8<br>LEI: 894500SZ5TN63ZJ0Y632 | Long             | DBT              | CORP              | MU        |     1153895 | PA      | $1205820.28   | 0.14%             | 2028-04-02      | Variable      | 11.04%                | No            |                  3 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QQE76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       15936 | PA      | $14774.11     | 0.00%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJ4W5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        9498 | PA      | $8584.36      | 0.00%             | 2047-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FRESSNAPF HOLDING SE                                               | Fressnapf Holding SE                                                             | CUSIP: 000000000<br>LEI: 529900NLSO3VLFW8JQ35 | Long             | DBT              | CORP              | DE        |      116000 | PA      | $138021.95    | 0.02%             | 2031-10-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pakistan Global Sukuk Programme Co. Ltd.                           | Pakistan Global Sukuk Programme Co. Ltd.                                         | CUSIP: 000000000<br>LEI: 213800X5OY6CVYNY1M70 | Long             | DBT              | NUSS              | PK        |      200000 | PA      | $203200.00    | 0.02%             | 2029-01-31      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Canada Government Bonds                                            | Canada Government Bonds                                                          | CUSIP: 135087ZS6<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |      140000 | PA      | $100376.09    | 0.01%             | 2045-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Nomura International PLC                                           | PURCHASED USD / SOLD INR                                                         | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DFE              |  | US        |           1 | NC      | $2075.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                            | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |       29495 | PA      | $28241.92     | 0.00%             | 2030-03-09      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XTCM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      174423 | PA      | $167690.82    | 0.02%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                                   | SoFi Consumer Loan Program 2025-1 Trust                                          | CUSIP: 83406YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      645339 | PA      | $648563.18    | 0.07%             | 2034-02-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.080000 17-DEC-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     3877170 | OU      | $2630.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                              | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       32302 | PA      | $30299.28     | 0.00%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Japan Exchange Group                                               | NIKKEI 225                                                                       | CUSIP: 000000000<br>LEI: 353800578ADEGIJTVW07 | N/A              | DE               |  | JP        |           2 | NC      | $11022.08     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                                        | PURCHASED NGN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | NG        |           1 | NC      | $6166.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                                | Peru Government International Bonds                                              | CUSIP: 715638DP4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |       59000 | PA      | $48704.50     | 0.01%             | 2032-12-01      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                              | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |      100000 | PA      | $105217.56    | 0.01%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                                             | Goldman Sachs Bank USA/New York NY                                               | CUSIP: 38151G5B3<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | SN               | CORP              | US        |     3095000 | PA      | $3095000.00   | 0.35%             | 2030-09-12      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                   | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                                       | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      170000 | PA      | $178012.50    | 0.02%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.450000 09-APR-2026 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    16493042 | OU      | $52800.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                                     | TeamSystem SpA                                                                   | CUSIP: 000000000<br>LEI: 81560062081DF3AB7A90 | Long             | DBT              | CORP              | IT        |      109000 | PA      | $128113.09    | 0.01%             | 2032-07-01      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.670000 30-JUL-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     3828788 | OU      | $3220.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                                           | FirstEnergy Transmission LLC                                                     | CUSIP: 33767BAC3<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |      309000 | PA      | $263771.81    | 0.03%             | 2049-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| KONDOR FINANCE PLC (NAK)                                           | NAK Naftogaz Ukraine via Kondor Finance PLC                                      | CUSIP: 000000000<br>LEI: 213800PUC1T9GI6EIO63 | Long             | DBT              | CORP              | GB        |      482773 | PA      | $486031.25    | 0.06%             | 2026-07-19      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                         | Navient Student Loan Trust                                                       | CUSIP: 63942TAA3<br>LEI: 549300761SV59SBM0Z40 | Long             | ABS-O            | CORP              | US        |       98806 | PA      | $101523.99    | 0.01%             | 2072-03-15      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                                           | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |      100000 | PA      | $95473.75     | 0.01%             | 2031-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SOFI PERS LN TR 2024 1                                             | SOFI PERS LN TR 2024 1                                                           | CUSIP: 83407R105<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       10000 | PA      | $158260.34    | 0.02%             | 2031-02-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DANA FINANCING LUX SARL                                            | Dana Financing Luxembourg Sarl                                                   | CUSIP: 000000000<br>LEI: 222100DKCE3D036DQU13 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $253086.36    | 0.03%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ELFI Graduate Loan Program LLC                                     | ELFI Graduate Loan Program 2023-A LLC                                            | CUSIP: 28628DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      531653 | PA      | $558511.68    | 0.06%             | 2048-02-04      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QNFD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       44562 | PA      | $38547.81     | 0.00%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | MONGODB INC                                                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |           9 | NC      | $5130.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LCH Ltd.                                                           | SWP: EUR 2.208070 31-JAN-2030 EUR                                                | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |       75360 | OU      | $-269.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                        | BBCMS Mortgage Trust 2025-C35                                                    | CUSIP: 07337DAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      357000 | PA      | $291032.18    | 0.03%             | 2058-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HEATHROW FINANCE PLC                                               | Heathrow Finance PLC                                                             | CUSIP: 000000000<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |      130000 | PA      | $162550.23    | 0.02%             | 2029-09-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD COP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $73337.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                              | Tenet Healthcare Corp                                                            | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      100000 | PA      | $97254.57     | 0.01%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 3.650000 03-NOV-2053 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     5309497 | OU      | $314296.44    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                           | Sri Lanka Government International Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |        4000 | PA      | $3752.00      | 0.00%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                                              | India Government Bond                                                            | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    43400000 | PA      | $510552.29    | 0.06%             | 2030-11-13      | Fixed         | 7.32%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding                                 | GRACIE POINT INTERNATIONAL FUNDING 2023-2                                        | CUSIP: 38410JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      179270 | PA      | $179709.13    | 0.02%             | 2027-03-01      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                | Petroleos Mexicanos                                                              | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      257876 | PA      | $278312.67    | 0.03%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.690000 30-JUL-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    64624000 | OU      | $57248.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Last Mile Securities                                               | Last Mile Securities PE 2021 DAC                                                 | CUSIP: 000000000<br>LEI: 635400UJZKP57EXKMQ33 | Long             | ABS-MBS          | CORP              | IE        |      299938 | PA      | $351971.56    | 0.04%             | 2031-08-17      | Floating      | 2.93%                 | No            |                  2 | On Loan: No      |
| EUROBANK SA                                                        | Eurobank SA                                                                      | CUSIP: 000000000<br>LEI: 213800KGF4EFNUQKAT69 | Long             | DBT              | CORP              | GR        |      100000 | PA      | $125258.63    | 0.01%             | 2031-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD THB                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $1663.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 8.970000 14-DEC-2029 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    15180011 | OU      | $-52669.83    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust                      | BHG Securitization Trust 2021-A                                                  | CUSIP: 08861YAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $97959.84     | 0.01%             | 2033-11-17      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| UK Logisitics                                                      | UK Logistics 2024-2 DAC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |      276981 | PA      | $373818.95    | 0.04%             | 2035-02-17      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 31335BEU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       23010 | PA      | $22796.41     | 0.00%             | 2047-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                     | EUR C USD P @1.170000 EO                                                         | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DFE              |  | LU        |     2374000 | OU      | $28638.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Together Asset Backed Securitisation                               | Together Asset Backed Securitisation 2025-2nd1 PLC                               | CUSIP: 000000000<br>LEI: 635400YLGUIWG9EKBV27 | Long             | ABS-MBS          | CORP              | GB        |      132855 | PA      | $179547.02    | 0.02%             | 2056-09-12      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-151.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                      | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC                    | CUSIP: 466330AN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      745000 | PA      | $745931.25    | 0.08%             | 2038-04-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Precise Mortgage Funding                                           | PMF 2024-1 PLC                                                                   | CUSIP: 000000000<br>LEI: 635400CIMKRXMLBEGI82 | Long             | ABS-MBS          | CORP              | GB        |      214037 | PA      | $289324.65    | 0.03%             | 2060-07-16      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| ENCORE ISSUANCES SA                                                | Encore Issuances SA                                                              | CUSIP: 000000000<br>LEI: 529900AZGF6OODGSBY09 | Long             | DBT              | CORP              | LU        |       11782 | PA      | $13551.87     | 0.00%             | 2025-11-06      | Floating      | 12.05%                | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                           | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      111000 | PA      | $132775.16    | 0.02%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJEN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        8002 | PA      | $7718.42      | 0.00%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| APCOA HOLDINGS GMBH                                                | APCOA Group GmbH/Germany                                                         | CUSIP: 000000000<br>LEI: 529900H8FIYAOV5FUW68 | Long             | DBT              | CORP              | DE        |      200000 | PA      | $237762.11    | 0.03%             | 2031-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                                   | UWM Holdings LLC                                                                 | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       67000 | PA      | $66680.90     | 0.01%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |           1 | NC      | $12732.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140MNP75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       90139 | PA      | $83478.33     | 0.01%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                       | Novelis Corp                                                                     | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |       25000 | PA      | $22792.20     | 0.00%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.050000 18-APR-2026 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    25832935 | OU      | $-14815.63    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                         | Navient Private Education Refi Loan Trust 2024-A                                 | CUSIP: 63943CAA9<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      525192 | PA      | $539314.52    | 0.06%             | 2072-10-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132WJTW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        6511 | PA      | $5893.56      | 0.00%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ INT FINCE                                            | Mercedes-Benz International Finance BV                                           | CUSIP: 000000000<br>LEI: 529900RUGCXMPEENHQ31 | Long             | DBT              | CORP              | NL        |       38000 | PA      | $44536.91     | 0.01%             | 2028-09-05      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                              | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |      200000 | PA      | $208581.02    | 0.02%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                                        | PRKCM 2023-AFC1 Trust                                                            | CUSIP: 693981AB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      414998 | PA      | $415988.73    | 0.05%             | 2058-02-25      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0404A2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      109000 | PA      | $107190.02    | 0.01%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | WALT DISNEY CO/THE                                                               | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          20 | NC      | $6500.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                | Sirius XM Radio LLC                                                              | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |       78000 | PA      | $77625.45     | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |           1 | NC      | $3658.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                              | Mexico Government International Bonds                                            | CUSIP: 91087BAX8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      200000 | PA      | $194522.00    | 0.02%             | 2053-05-04      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                                  | Corp. Nacional del Cobre de Chile                                                | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |      200000 | PA      | $189800.00    | 0.02%             | 2030-01-14      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | XX        |           1 | NC      | $-33073.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.144700 17-SEP-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1059337 | OU      | $-56.24       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WKLB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        6429 | PA      | $6183.94      | 0.00%             | 2032-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Commercial Mortgage Trust 2024-MDHS                                           | CUSIP: 12433BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      387812 | PA      | $388296.50    | 0.04%             | 2041-05-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                                 | Baytex Energy Corp                                                               | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |       81000 | PA      | $79307.66     | 0.01%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140L7FZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       23193 | PA      | $19880.25     | 0.00%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140KYYM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      344847 | PA      | $280269.06    | 0.03%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | SWP: OIS 14.550000 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |     2838000 | OU      | $3134.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QNNT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      279220 | PA      | $228888.91    | 0.03%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                            | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      104000 | PA      | $104091.33    | 0.01%             | 2031-07-16      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                  | EURO STOXX BANK DEC25                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |          23 | NC      | $-2988.71     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED DKK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | DK        |           1 | NC      | $488.25       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of El Salvador                                            | El Salvador Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |       80000 | PA      | $85320.00     | 0.01%             | 2029-02-28      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                           | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       76000 | PA      | $72483.22     | 0.01%             | 2029-03-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Japan Government Forty Year Bonds                                  | Japan Government Forty Year Bonds                                                | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  1882200000 | PA      | $6829426.23   | 0.77%             | 2062-03-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.540000 16-AUG-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     6439838 | OU      | $3476.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS                                              | Endo Finance Holdings Inc                                                        | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      107000 | PA      | $114796.98    | 0.01%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| RUNITONETIME LLC                                                   | RunItOneTime LLC New Money DIP Term Loan                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |        7764 | PA      | $7465.62      | 0.00%             | 2026-04-16      | Floating      | 16.67%                | No            |                  3 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 36197MQM3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       11223 | PA      | $11051.60     | 0.00%             | 2047-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Maverick Gaming LLC                                                | Maverick Gaming LLC 2024 PIK Term Loan                                           | CUSIP: 57770JAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       67630 | PA      | $60866.75     | 0.01%             | 2028-06-05      | Floating      | 15.75%                | No            |                  3 | On Loan: No      |
| PRKCM Trust                                                        | PRKCM 2023-AFC2 Trust                                                            | CUSIP: 693964AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      485982 | PA      | $487437.83    | 0.06%             | 2058-06-25      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (CDX.NA.IG.43.V1)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     1750200 | OU      | $40454.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                   | Boyd Gaming Corp                                                                 | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |       53000 | PA      | $51092.32     | 0.01%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK GREECE SA                                            | National Bank of Greece SA                                                       | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | DBT              | CORP              | GR        |      211000 | PA      | $266496.30    | 0.03%             | 2035-06-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                        | SWP: OIS 14.107500 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              |  | US        |     2967000 | OU      | $-1101.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                          | Nelnet Student Loan Trust 2025-B                                                 | CUSIP: 64032BAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      864000 | PA      | $870042.90    | 0.10%             | 2055-05-17      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                   | GEORGIA ST                                                                       | CUSIP: 373385KP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       70000 | PA      | $71049.60     | 0.01%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ALPHABET INC                                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          28 | NC      | $56770.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Asset-Backed European Securitisation Transaction                   | Asset-Backed European Securitisation Transaction Twenty-Three Sarl               | CUSIP: 000000000<br>LEI: 213800WQKYRCMTF4FR47 | Long             | ABS-O            | CORP              | LU        |       94192 | PA      | $111262.49    | 0.01%             | 2034-03-21      | Floating      | 3.23%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                         | Humana Inc                                                                       | CUSIP: 444859BT8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |       44000 | PA      | $42998.27     | 0.00%             | 2029-03-23      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132E0TZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      762212 | PA      | $785966.75    | 0.09%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AROUNDTOWN SA                                                      | Aroundtown SA                                                                    | CUSIP: 000000000<br>LEI: 529900H4DWG3KWMBMQ39 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $114736.84    | 0.01%             | 2026-07-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD CNH                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $143.94       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                                   | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                                          | CUSIP: 403956AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      750000 | PA      | $749531.25    | 0.08%             | 2037-05-15      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                                   | Onemain Financial Issuance Trust 2024-1                                          | CUSIP: 68269NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      764000 | PA      | $808315.06    | 0.09%             | 2041-05-14      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                              | Schneider Electric SE                                                            | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | DBT              | CORP              | FR        |      300000 | PA      | $345321.47    | 0.04%             | 2027-04-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| EC FINANCE PLC                                                     | EC Finance PLC                                                                   | CUSIP: 000000000<br>LEI: 213800NKPB53RHYDQE45 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $230096.58    | 0.03%             | 2026-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ENI SPA                                                            | Eni SpA                                                                          | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |      157000 | PA      | $180235.26    | 0.02%             | 2028-05-17      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                                   | PURCHASED KRW / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | KR        |           1 | NC      | $-1626.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC                                               | Booking Holdings Inc                                                             | CUSIP: 09857LAT5<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |     1103000 | PA      | $1234250.89   | 0.14%             | 2028-03-08      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Bank5                                                              | BANK5 Trust 2024-5YR6                                                            | CUSIP: 066043AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      940000 | PA      | $992820.39    | 0.11%             | 2057-05-15      | Fixed         | 6.23%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                  | HSBC Holdings PLC                                                                | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      400000 | PA      | $265643.41    | 0.03%             | 2036-08-28      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                                   | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      121000 | PA      | $123091.26    | 0.01%             | 2030-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                        | SWP: OIS 12.837500 04-JAN-2027 BZD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |      352992 | OU      | $-1410.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CART                                                               | CONE Trust 2024-DFW1                                                             | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      130000 | PA      | $129896.99    | 0.01%             | 2041-08-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                           | Ford Motor Credit Co LLC                                                         | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      210000 | PA      | $212729.90    | 0.02%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                            | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       14000 | PA      | $13928.78     | 0.00%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                                  | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |       50000 | PA      | $11050.00     | 0.00%             | 2032-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                           | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |      145000 | PA      | $151169.75    | 0.02%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179N2J6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       34727 | PA      | $32681.38     | 0.00%             | 2044-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Trinidad & Tobago Government International Bonds                   | Trinidad & Tobago Government International Bonds                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |      200000 | PA      | $199200.00    | 0.02%             | 2026-08-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                      | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |       67000 | PA      | $67753.28     | 0.01%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD PEN                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $-1463.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                          | SUNOCO LP                                                                        | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |      117000 | PA      | $119087.54    | 0.01%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 5.961000 17-SEP-2030 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    43283018 | OU      | $-1684.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                     | PURCHASED CNH / SOLD USD                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | CN        |           1 | NC      | $-97939.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                | PURCHASED USD / SOLD COP                                                         | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DFE              |  | US        |           1 | NC      | $9327.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CNY 1.561000 17-SEP-2030 CNR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1069934 | OU      | $-658.24      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                   | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FMUR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    13729199 | PA      | $280648.17    | 0.03%             | 2029-05-25      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                                           | Petroleos de Venezuela SA                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |      185100 | PA      | $29601.19     | 0.00%             | 2026-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                           | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |      200000 | PA      | $180928.84    | 0.02%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                             | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      199334 | PA      | $95979.32     | 0.01%             | 2036-02-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.730000 24-JUN-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    13852000 | OU      | $13261.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                       | UBS Group AG                                                                     | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      200000 | PA      | $205100.67    | 0.02%             | 2031-11-03      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD PLN                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $210.73       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: OIS 6.153500 19-MAR-2027 INR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   514125000 | OU      | $60959.98     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                     | PURCHASED CAD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | N/A              | DFE              |  | CA        |           1 | NC      | $-99088.30    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                   | Altice France SA                                                                 | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $101819.54    | 0.01%             | 2029-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                              | Level 3 Financing Inc                                                            | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |      110000 | PA      | $111904.00    | 0.01%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                                   | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | BR        |           1 | NC      | $66536.25     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                | COLUMBUS OH REGL ARPT AUTH REVENUE                                               | CUSIP: 199546DD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      440000 | PA      | $458107.47    | 0.05%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED GBP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |           1 | NC      | $327.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                                 | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      152000 | PA      | $120688.00    | 0.01%             | 2041-08-01      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                           | OCP SA                                                                           | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |      202000 | PA      | $219927.50    | 0.02%             | 2034-05-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                             | XHR LP                                                                           | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |       25000 | PA      | $24485.58     | 0.00%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                            | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       32000 | PA      | $24096.22     | 0.00%             | 2041-04-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                           | Eagle Funding Luxco Sarl                                                         | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |      500000 | PA      | $507750.00    | 0.06%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PINEWOOD FINCO PLC                                                 | Pinewood Finco PLC                                                               | CUSIP: 000000000<br>LEI: 984500EF3F7CA63ND769 | Long             | DBT              | CORP              | GB        |      155000 | PA      | $209661.30    | 0.02%             | 2030-03-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED USD / SOLD CAD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |           1 | NC      | $3368.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                  | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      100000 | PA      | $99079.46     | 0.01%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                             | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      151000 | PA      | $141703.36    | 0.02%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ILIAD SA                                                           | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $118042.41    | 0.01%             | 2032-01-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust                          | GoodLeap Home Improvement Solutions Trust 2025-1                                 | CUSIP: 38237EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      470751 | PA      | $477595.31    | 0.05%             | 2049-02-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                                           | California Resources Corp                                                        | CUSIP: 13057QAL1<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |      132000 | PA      | $131091.34    | 0.01%             | 2034-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                        | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                                            | CUSIP: 682001LP5<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |      105000 | PA      | $113796.40    | 0.01%             | 2049-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VEOLIA ENVIRONNEMENT SA                                            | Veolia Environnement SA                                                          | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | DBT              | CORP              | FR        |      600000 | PA      | $677476.06    | 0.08%             | 2030-01-07      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                | Citigroup Commercial Mortgage Trust 2020-420K                                    | CUSIP: 17328QAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      360000 | PA      | $321258.89    | 0.04%             | 2042-11-10      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| Australia Government Bonds                                         | Australia Government Bonds                                                       | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |      220000 | PA      | $148315.15    | 0.02%             | 2027-04-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-2939.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                     | OPAL BIDCO SAS                                                                   | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |      105000 | PA      | $127588.24    | 0.01%             | 2032-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DNF32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       68028 | PA      | $62413.36     | 0.01%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                           | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |      219000 | PA      | $218877.69    | 0.02%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                                     | NCR Atleos Corp                                                                  | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |      221000 | PA      | $239237.36    | 0.03%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AR        |           1 | NC      | $-32530.89    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                            | VZ Secured Financing BV                                                          | CUSIP: 000000000<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |      270000 | PA      | $299068.13    | 0.03%             | 2032-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140JAUJ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       95152 | PA      | $96117.91     | 0.01%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.510000 21-AUG-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     3818681 | OU      | $1803.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                      | Citigroup Inc                                                                    | CUSIP: 17292GAT2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | SN               | CORP              | US        |     3095000 | PA      | $3095000.00   | 0.35%             | 2030-09-09      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                              | NORTHWEST TX INDEP SCH DIST                                                      | CUSIP: 667826HG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      155000 | PA      | $164511.80    | 0.02%             | 2055-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                      | MASSACHUSETTS ST                                                                 | CUSIP: 57582TDV1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |      235000 | PA      | $245721.91    | 0.03%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                              | Civitas Resources Inc                                                            | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |      141000 | PA      | $146153.41    | 0.02%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                 | Union Pacific Corp                                                               | CUSIP: 907818GD4<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |      151000 | PA      | $141333.91    | 0.02%             | 2063-01-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J7LM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       33639 | PA      | $30943.75     | 0.00%             | 2043-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Tampa Bay Water                                                    | TAMPA BAY FL WTR REGL WTR SPLY AUTH UTILITY SYS REVENUE                          | CUSIP: 875124HX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      235000 | PA      | $249262.60    | 0.03%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | BR        |           1 | NC      | $-5335.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BHMS Mortgage Trust                                                | BHMS Commercial Mortgage Trust 2025-ATLS                                         | CUSIP: 088928AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      615000 | PA      | $616733.38    | 0.07%             | 2042-08-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| IPD 3 BV                                                           | IPD 3 BV                                                                         | CUSIP: 000000000<br>LEI: 724500RBP2J59JMQB629 | Long             | DBT              | CORP              | NL        |      202000 | PA      | $240840.04    | 0.03%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                           | Capital One Financial Corp                                                       | CUSIP: 14040HDM4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |       66000 | PA      | $65466.15     | 0.01%             | 2031-09-11      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                           | AT&T Inc                                                                         | CUSIP: 00206RLV2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      854000 | PA      | $583883.86    | 0.07%             | 2059-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                            | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    37307000 | PA      | $2063272.56   | 0.23%             | 2029-03-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                             | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      232000 | PA      | $214544.74    | 0.02%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                               | Bank of America Corp                                                             | CUSIP: 06051GJA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      810000 | PA      | $659151.21    | 0.07%             | 2051-03-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                                   | Freddie Mac Strips                                                               | CUSIP: 3133Q3LJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      873452 | PA      | $877877.66    | 0.10%             | 2054-05-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                          | Nelnet Student Loan Trust 2025-B                                                 | CUSIP: 64032BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1045000 | PA      | $1051237.19   | 0.12%             | 2055-05-17      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD ARS                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $1429.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOUYGUES SA                                                        | Bouygues SA                                                                      | CUSIP: 000000000<br>LEI: 969500MOCLNQFNZN0D63 | Long             | DBT              | CORP              | FR        |      500000 | PA      | $632722.99    | 0.07%             | 2032-06-07      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |           1 | NC      | $1453.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                         | Verus Securitization Trust 2023-3                                                | CUSIP: 92539GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1336650 | PA      | $1339047.37   | 0.15%             | 2068-03-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED USD / SOLD PLN                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | US        |           1 | NC      | $12787.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QNEJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       86410 | PA      | $71142.05     | 0.01%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XFGT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      342323 | PA      | $293555.49    | 0.03%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                               | Tencent Holdings Ltd                                                             | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |         924 | NS      | $78733.66     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                                | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |      100000 | PA      | $102843.16    | 0.01%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                                             | TK Elevator Midco GmbH                                                           | CUSIP: 000000000<br>LEI: 254900K869UN2ZWVB351 | Long             | DBT              | CORP              | DE        |      186000 | PA      | $218618.47    | 0.02%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc                                                | Delta Air Lines Inc                                                              | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |        2771 | NS      | $157254.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 4.050000 09-APR-2029 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    16493042 | OU      | $355670.15    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MOTABILITY OPERATIONS GR                                           | Motability Operations Group PLC                                                  | CUSIP: 000000000<br>LEI: AZ3NL8JCZDCNUXFWI720 | Long             | DBT              | CORP              | GB        |      396000 | PA      | $466472.37    | 0.05%             | 2037-01-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust                                    | Republic Finance Issuance Trust 2021-A                                           | CUSIP: 76042UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       52738 | PA      | $52625.02     | 0.01%             | 2031-12-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| SC GERMANY CONSUMER                                                | SC Germany SA Compartment Consumer 2024-2                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | LU        |      100000 | PA      | $117919.77    | 0.01%             | 2038-05-14      | Floating      | 2.98%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae                                                                       | CUSIP: 21H0306A7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     2230000 | PA      | $1990444.86   | 0.23%             | 2055-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                                              | China Government Bond                                                            | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    12080000 | PA      | $1772909.45   | 0.20%             | 2030-05-21      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | BR        |           1 | NC      | $7743.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.030000 17-SEP-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1423489 | OU      | $452.29       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (ITRAXX.XO.43.V1)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     4843503 | OU      | $619488.36    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Arbor Multifamily Mortgage Securities Trust                        | Arbor Multifamily Mortgage Securities Trust 2020-MF1                             | CUSIP: 03881BAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    14440577 | PA      | $490807.76    | 0.06%             | 2053-05-15      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                 | Union Pacific Corp                                                               | CUSIP: 907818FG8<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |      212000 | PA      | $157021.34    | 0.02%             | 2060-03-20      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Commercial Mortgage Trust 2024-AIR2                                           | CUSIP: 05613QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      143877 | PA      | $144101.84    | 0.02%             | 2041-10-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140L73E0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       43514 | PA      | $37288.83     | 0.00%             | 2051-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                           | Celanese US Holdings LLC                                                         | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      162000 | PA      | $163059.29    | 0.02%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 3.660000 10-OCT-2034 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |         809 | OU      | $-3.72        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138ECKY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         570 | PA      | $539.66       | 0.00%             | 2042-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BUBBLES BIDCO SPA                                                  | Bubbles Bidco SPA                                                                | CUSIP: 000000000<br>LEI: 815600073942740CEB24 | Long             | DBT              | CORP              | IT        |      122000 | PA      | $146705.34    | 0.02%             | 2031-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.820000 27-MAY-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |      371571 | OU      | $-438.08      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 6.944000 17-SEP-2026 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    44524258 | OU      | $-2490.28     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ORL TRUST                                                          | ORL Trust 2024-GLKS                                                              | CUSIP: 67120DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      220000 | PA      | $220068.75    | 0.02%             | 2039-12-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179S5M5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       16143 | PA      | $15444.33     | 0.00%             | 2047-05-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                                | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |      200000 | PA      | $219859.92    | 0.02%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NIGERIA T-BILL                                                     | Nigeria Treasury Bill                                                            | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | STIV             | NUSS              | NG        |    41503000 | PA      | $27083.68     | 0.00%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                                | Egypt Treasury Bills                                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | STIV             | NUSS              | EG        |     5975000 | PA      | $120048.80    | 0.01%             | 2025-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |           1 | NC      | $-75219.28    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QKWP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       31932 | PA      | $30887.36     | 0.00%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                           | British Telecommunications PLC                                                   | CUSIP: 000000000<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $144309.72    | 0.02%             | 2083-12-20      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AXIS BANK GANDHINAGAR                                              | Axis Bank Ltd/Gandhinagar                                                        | CUSIP: 000000000<br>LEI: 549300HVNWMJPOFVNI41 | Long             | DBT              | CORP              | IN        |     1000000 | PA      | $985000.00    | 0.11%             | 2026-09-08      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Hermitage Plc                                                      | Hermitage 2024 PLC                                                               | CUSIP: 000000000<br>LEI: 635400OUUMGTAI2EJA52 | Long             | ABS-O            | CORP              | GB        |       57733 | PA      | $77831.04     | 0.01%             | 2033-04-21      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | XX        |           1 | NC      | $-2173.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LOTTOMATICA GROUP SPA                                              | Lottomatica Group Spa                                                            | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $120972.76    | 0.01%             | 2031-01-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                        | Oracle Corp                                                                      | CUSIP: 68389XBY0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      399000 | PA      | $274380.07    | 0.03%             | 2060-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                     | NRG Energy Inc                                                                   | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |       61000 | PA      | $56395.99     | 0.01%             | 2031-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED PEN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | PE        |           1 | NC      | $8219.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                        | Wayfair LLC                                                                      | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |      254000 | PA      | $261884.33    | 0.03%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED ARS / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AR        |           1 | NC      | $-6417.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: AUD 3.915000 20-SEP-2030 AUD                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1924807 | OU      | $-934.23      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds                               | Ghana Government International Bonds                                             | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      348515 | PA      | $338930.84    | 0.04%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Providus CLO                                                       | Providus Clo VI DAC                                                              | CUSIP: 000000000<br>LEI: 635400OVFLV2AMKOP534 | Long             | ABS-CBDO         | CORP              | IE        |      100000 | PA      | $118752.69    | 0.01%             | 2034-05-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                                                    | Maya SAS/Paris France                                                            | CUSIP: 000000000<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |      134000 | PA      | $160682.99    | 0.02%             | 2030-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133A7UC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       23723 | PA      | $21425.27     | 0.00%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                            | Hungary Government International Bond                                            | CUSIP: 445545AP1<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |      400000 | PA      | $408300.00    | 0.05%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.690000 26-JUN-2026 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     1265744 | OU      | $287.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                       | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $119252.90    | 0.01%             | 2030-06-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                                            | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      200000 | PA      | $262957.37    | 0.03%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Ireland Government Bonds                                           | Ireland Government Bonds                                                         | CUSIP: 000000000<br>LEI: 549300KXBEJAOJ9OVF93 | Long             | DBT              | NUSS              | IE        |     8064000 | PA      | $9206429.66   | 1.04%             | 2034-10-18      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| ILIAD SA                                                           | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |      200000 | PA      | $247875.07    | 0.03%             | 2029-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                                 | SWP: OIS 8.775000 14-JAN-2030 IBR                                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |   357247821 | OU      | $-426.92      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Latitude Australia Credit Card Loan Note Trust                     | Latitude Australia Credit Card Master Trust Series 2025-1                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |      500000 | PA      | $331716.80    | 0.04%             | 2037-11-23      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| ECL ENTERTAINMENT LLC                                              | ECL Entertainment LLC 2025 Term Loan B                                           | CUSIP: 26826TAM5<br>LEI: 254900UPSGHOBB360Z85 | Long             | LON              | CORP              | US        |      459370 | PA      | $458565.98    | 0.05%             | 2030-08-30      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138LTJF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        5123 | PA      | $4982.72      | 0.00%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                          | Nelnet Student Loan Trust 2021-D                                                 | CUSIP: 64034YAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $87004.54     | 0.01%             | 2062-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Noria                                                              | Noria DE 2024                                                                    | CUSIP: 000000000<br>LEI: 9695003DRUTU793B4N34 | Long             | ABS-O            | CORP              | FR        |       89266 | PA      | $105019.29    | 0.01%             | 2043-02-25      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140QPYW1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       75803 | PA      | $70466.07     | 0.01%             | 2052-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                            | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE                                 | CUSIP: 576000E33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      205000 | PA      | $218976.51    | 0.02%             | 2050-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                           | Live Nation Entertainment Inc                                                    | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |      150000 | PA      | $149007.48    | 0.02%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust                                     | ARES1 2024-IND2                                                                  | CUSIP: 04021EAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      590000 | PA      | $590368.75    | 0.07%             | 2034-10-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | USD/THB One-touch barrier option; Barrier price USD 33.50000                     | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |      146000 | OU      | $16330.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                            | Dryden 49 Senior Loan Fund                                                       | CUSIP: 26244QAN3<br>LEI: 549300VCB8LYR1RGV869 | Long             | ABS-CBDO         | CORP              | KY        |      220704 | PA      | $220894.17    | 0.03%             | 2030-07-18      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                         | BFLD Commercial Mortgage Trust 2025-5MW                                          | CUSIP: 088921AD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      501000 | PA      | $500361.02    | 0.06%             | 2042-10-10      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| BXP Trust                                                          | BXP Trust 2017-CC                                                                | CUSIP: 05607CAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      110000 | PA      | $92022.00     | 0.01%             | 2037-08-13      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| Coreweave Compute Acquisition Co II LLC                            | Coreweave Compute Acquisition Co II LLC Delayed Draw Term Loan                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      981650 | PA      | $976741.75    | 0.11%             | 2028-07-31      | Floating      | 14.81%                | No            |                  3 | On Loan: No      |
| Olympic Tower Mortgage Trust                                       | Olympic Tower 2017-OT Mortgage Trust                                             | CUSIP: 68162MAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      130000 | PA      | $114154.16    | 0.01%             | 2039-05-10      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                                  | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      162000 | PA      | $35802.00     | 0.00%             | 2025-02-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                                         | Tronox Inc                                                                       | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |      155000 | PA      | $101098.24    | 0.01%             | 2029-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                                              | India Government Bond                                                            | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    14700000 | PA      | $167364.76    | 0.02%             | 2053-06-19      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS                                           | Air Products and Chemicals Inc                                                   | CUSIP: 000000000<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |      100000 | PA      | $113398.56    | 0.01%             | 2037-02-14      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138XQM73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         550 | PA      | $539.70       | 0.00%             | 2029-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                                                | LCM 26 Ltd                                                                       | CUSIP: 50200FAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |        2471 | PA      | $2471.42      | 0.00%             | 2031-01-20      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| VERSA NETWORKS INC                                                 | VERSA NETWORKS INC                                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |       20741 | NS      | $99141.98     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| JACK OHIO FINANCE LLC                                              | Jack Ohio Finance LLC 2025 Term Loan B                                           | CUSIP: 46647KAK3<br>LEI: 5493002ERZW63JFJI167 | Long             | LON              | CORP              | US        |       63680 | PA      | $63106.88     | 0.01%             | 2032-02-02      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                                          | College Avenue Student Loans LLC                                                 | CUSIP: 19425MAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      279123 | PA      | $291481.73    | 0.03%             | 2054-06-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                      | J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON                  | CUSIP: 46649XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      600000 | PA      | $549105.24    | 0.06%             | 2031-07-05      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED CLP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CL        |           1 | NC      | $-1711.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                                               | Teva Pharmaceutical Finance Netherlands II BV                                    | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $119953.93    | 0.01%             | 2030-05-09      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CNY 1.622000 17-SEP-2030 CNR                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     1199977 | OU      | $-244.51      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                              | Uber Technologies Inc                                                            | CUSIP: 90353TAQ3<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |      625000 | PA      | $606393.06    | 0.07%             | 2054-09-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                                | Muthoot Finance Ltd                                                              | CUSIP: 62828M2E0<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |     1235000 | PA      | $1250808.00   | 0.14%             | 2030-03-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | SWP: OIS 13.420000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |     1459088 | OU      | $1117.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 7.217500 17-SEP-2030 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     6826762 | OU      | $-3458.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp                                               | Bank of America Corp                                                             | CUSIP: 000000000<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     1339000 | PA      | $1552517.66   | 0.18%             | 2028-04-25      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                           | Florida Power & Light Co                                                         | CUSIP: 341081GE1<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |      913000 | PA      | $589935.47    | 0.07%             | 2051-12-04      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DWBP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      213085 | PA      | $173070.29    | 0.02%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XKTS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      256674 | PA      | $245383.84    | 0.03%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                          | Olin Corp                                                                        | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |      100000 | PA      | $100515.80    | 0.01%             | 2033-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | ISHARES IBOXX HIGH YIELD COR                                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -378 | NC      | $-26082.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CREDIT AGRICOLE SA                                                 | Credit Agricole SA                                                               | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |      400000 | PA      | $438565.46    | 0.05%             | 2029-09-21      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36196FZE7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        1684 | PA      | $1557.09      | 0.00%             | 2046-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TOUCAN FINCO LTD/CAN/US                                            | Toucan FinCo Ltd/Toucan FinCo Can Inc/Toucan FinCo US LLC                        | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      341000 | PA      | $334041.90    | 0.04%             | 2030-05-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0226A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     6360000 | PA      | $5357279.86   | 0.61%             | 2055-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179XND4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      510234 | PA      | $483561.10    | 0.05%             | 2052-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                     | Morgan Stanley Capital I Trust 2018-MP                                           | CUSIP: 61691DAA5<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |     1000000 | PA      | $948598.50    | 0.11%             | 2040-07-11      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                                         | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |       60000 | PA      | $57987.48     | 0.01%             | 2037-09-07      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                           | Graphic Packaging International LLC                                              | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |       62000 | PA      | $62958.95     | 0.01%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Taurus CMBS                                                        | Taurus 2025-2 UK DAC                                                             | CUSIP: 000000000<br>LEI: 635400ZUSGYHROR9ZX12 | Long             | ABS-MBS          | CORP              | IE        |      307572 | PA      | $415299.91    | 0.05%             | 2035-02-18      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138YKYR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       10846 | PA      | $10484.57     | 0.00%             | 2030-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                         | Arcosa Inc                                                                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |      100000 | PA      | $104449.30    | 0.01%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED CNH / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | CN        |           1 | NC      | $-3751.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD PLN                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $91.93        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAPPI PAPIER HOLDNG GMBH                                           | Sappi Papier Holding GmbH                                                        | CUSIP: 000000000<br>LEI: 549300XBCUMUR5CI0181 | Long             | DBT              | CORP              | AT        |      200000 | PA      | $231629.86    | 0.03%             | 2032-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                                    | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |       55000 | PA      | $51981.68     | 0.01%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | EUR P USD C @1.175000 EO                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |     6129500 | OU      | $13162.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 3.481000 23-JAN-2028                                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    11119782 | OU      | $45307.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ORSTED A/S                                                         | Orsted AS                                                                        | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | DBT              | CORP              | DK        |      200000 | PA      | $201777.96    | 0.02%             | 2099-12-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                           | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      475000 | PA      | $468468.75    | 0.05%             | 2027-03-15      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.482000 17-SEP-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  3293135000 | OU      | $-2822.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BSTN Commercial Mortgage Trust                                     | BSTN Commercial Mortgage Trust 2025-HUB                                          | CUSIP: 05594GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      230000 | PA      | $230000.00    | 0.03%             | 2041-04-13      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| SPACE EXPLORATION TECHNOLOGIES CORP                                | SPACE EXPLORATION TECHNOLOGIES CORP                                              | CUSIP: 000000000<br>LEI: 549300B9WLO96RQCXP87 | Long             | STIV             | CORP              | US        |        1054 | NS      | $215690.56    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TUI CRUISES GMBH                                                   | TUI Cruises GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900SVD83QUUIZYY18 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $120538.48    | 0.01%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3142GRLM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       48022 | PA      | $49218.65     | 0.01%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Point Broadband Funding LLC                                        | Point Broadband Funding LLC                                                      | CUSIP: 73052AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      271000 | PA      | $273443.63    | 0.03%             | 2055-07-20      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED USD / SOLD HKD                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $-83.67       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 3617B9SG2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       12480 | PA      | $11872.91     | 0.00%             | 2047-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                                     | Eli Lilly & Co                                                                   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |          44 | NS      | $33572.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED MXN / SOLD USD                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MX        |           1 | NC      | $101741.05    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                                     | Eli Lilly & Co                                                                   | CUSIP: 532457CT3<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |      208000 | PA      | $199998.20    | 0.02%             | 2064-08-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                             | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      126000 | PA      | $132296.26    | 0.01%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                       | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $119331.99    | 0.01%             | 2032-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                           | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      103000 | PA      | $125446.03    | 0.01%             | 2030-05-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAP INTL                                             | TotalEnergies Capital International SA                                           | CUSIP: 000000000<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |      700000 | PA      | $800810.79    | 0.09%             | 2037-03-03      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SABENA TECHNICS SAS                                                | SABENA TECHNICS SAS                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |      297448 | PA      | $349219.61    | 0.04%             | 2029-09-30      | Variable      | 6.98%                 | Yes           |                  3 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36202FMA1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       29515 | PA      | $29004.12     | 0.00%             | 2040-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                              | Williams Scotsman Inc                                                            | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |      127000 | PA      | $124865.09    | 0.01%             | 2028-08-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                           | Ford Motor Credit Co LLC                                                         | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      200000 | PA      | $199829.09    | 0.02%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179R4E6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      223335 | PA      | $207440.11    | 0.02%             | 2046-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| French Republic Government Bonds OAT                               | French Republic Government Bonds OAT                                             | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     2536450 | PA      | $1747394.29   | 0.20%             | 2050-05-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WKK61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        2438 | PA      | $2350.15      | 0.00%             | 2032-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J6DA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         340 | PA      | $327.88       | 0.00%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140X8XE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      199617 | PA      | $163586.28    | 0.02%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | BR        |           1 | NC      | $-1614.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                       | Broadcom Inc                                                                     | CUSIP: 11135FCL3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      348000 | PA      | $355999.73    | 0.04%             | 2032-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                              | Wells Fargo Commercial Mortgage Trust 2021-C59                                   | CUSIP: 95003CBU3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      975531 | PA      | $57447.26     | 0.01%             | 2054-04-15      | Variable      | 1.62%                 | No            |                  2 | On Loan: No      |
| DUFRY ONE BV                                                       | Dufry One BV                                                                     | CUSIP: 000000000<br>LEI: 7245003K5MN9U7XW0808 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $241281.92    | 0.03%             | 2032-05-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WOM CHILE HOLDCO SPA                                               | WOM Chile Holdco SpA                                                             | CUSIP: 97810KAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |      543559 | PA      | $483767.51    | 0.05%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HR OTTAWA LP                                                       | HR Ottawa LP                                                                     | CUSIP: 44331MAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     1917725 | PA      | $2113589.39   | 0.24%             | 2031-03-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 3.790000 29-MAR-2029 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    36848485 | OU      | $421095.82    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue       | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE                            | CUSIP: 5755792E6<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |      330000 | PA      | $353143.66    | 0.04%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                     | EUR/USD One-touch barrier option; Barrier price EUR 1.21500                      | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DFE              |  | KY        |       30000 | OU      | $5840.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                                 | Ukraine Government International Bond                                            | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       36806 | PA      | $20188.09     | 0.00%             | 2035-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                        | USD P BRL C @5.250000 EO                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |    -7827000 | OU      | $-54123.71    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| LOXAM SAS                                                          | Loxam SAS                                                                        | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $117451.86    | 0.01%             | 2031-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EGYPT GOVERNMENT BOND                                              | Egypt Government Bond                                                            | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      582000 | PA      | $12526.32     | 0.00%             | 2027-08-13      | Fixed         | 25.32%                | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                           | Abu Dhabi Government International Bonds                                         | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |      200000 | PA      | $207025.00    | 0.02%             | 2029-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XNAF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      151361 | PA      | $153956.70    | 0.02%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140XGPR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      174620 | PA      | $160913.08    | 0.02%             | 2037-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                             | U.S. Treasury Inflation-Indexed Notes                                            | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1991920 | PA      | $2008046.58   | 0.23%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| PAI Holdco Inc                                                     | PAI Holdco Inc 2020 Term Loan B                                                  | CUSIP: 69315JAG8<br>LEI: 2549001NJ55NUV372F56 | Long             | LON              | CORP              | US        |      232798 | PA      | $193920.70    | 0.02%             | 2027-10-28      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| Tikehau                                                            | Tikehau CLO XII DAC                                                              | CUSIP: 000000000<br>LEI: 635400XEDWHMLUXZJY76 | Long             | ABS-CBDO         | CORP              | IE        |      100000 | PA      | $117999.01    | 0.01%             | 2038-10-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.047300 17-SEP-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     2375547 | OU      | $541.59       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: HUF 5.675000 17-SEP-2027 BUB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   357767794 | OU      | $-11211.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.082000 17-DEC-2030 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     3935915 | OU      | $2575.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                                   | PURCHASED USD / SOLD INR                                                         | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |           1 | NC      | $1005.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                           | Olympus Water US Holding Corp                                                    | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |      201000 | PA      | $193289.44    | 0.02%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                                | Nigeria Government International Bond                                            | CUSIP: 65412AFD9<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      200000 | PA      | $222600.00    | 0.03%             | 2034-12-09      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                                              | China Government Bond                                                            | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    15000000 | PA      | $2268466.99   | 0.26%             | 2033-02-25      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                           | BX Trust 2025-TAIL                                                               | CUSIP: 123912AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      840000 | PA      | $838687.50    | 0.09%             | 2035-06-15      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                  | RHEINMETALL AG                                                                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |          -2 | NC      | $-1245.67     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | SWAP/CDSWAP/SCDS: (DB)                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | XX        |       65000 | OU      | $-1079.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED USD / SOLD THB                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |           1 | NC      | $55167.30     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                           | JP Morgan Mortgage Trust 2025-VIS3                                               | CUSIP: 46594EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1325000 | PA      | $1324992.85   | 0.15%             | 2066-02-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: ZAR 6.994000 17-SEP-2027 JIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     9397978 | OU      | $-2803.74     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 3.240000 09-AUG-2033                                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     5937256 | OU      | $134465.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                             | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       27000 | PA      | $15052.50     | 0.00%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0324A9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      117000 | PA      | $113340.79    | 0.01%             | 2040-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                           | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |     2400000 | PA      | $2941878.27   | 0.33%             | 2031-06-17      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                      | JP Morgan Chase Commercial Mortgage Securities Trust 2024-IGLG                   | CUSIP: 46593KAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      370000 | PA      | $370321.67    | 0.04%             | 2039-11-09      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| X.AI HOLDINGS PREF E                                               | X.AI HOLDINGS PREF E                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       28169 | NS      | $1029858.64   | 0.12%             |  |  |  | No            |                  3 | On Loan: No      |
| New York City Municipal Water Finance Authority                    | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE                         | CUSIP: 64972GK78<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |      140000 | PA      | $146796.12    | 0.02%             | 2048-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 31418DX98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      323203 | PA      | $297830.87    | 0.03%             | 2036-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                                    | OHA Credit Funding 12-R Ltd                                                      | CUSIP: 676916AL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1000000 | PA      | $1001990.90   | 0.11%             | 2037-07-20      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | 3 MONTH SOFR FUT DEC25                                                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |        -182 | NC      | $-105081.34   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| PETRON CORP                                                        | Petron Corp                                                                      | CUSIP: 000000000<br>LEI: 549300R3PFXOFQSZ7G25 | Long             | DBT              | CORP              | PH        |      444000 | PA      | $443582.64    | 0.05%             | 2026-04-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                          | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0506A9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     1020000 | PA      | $1011490.30   | 0.11%             | 2055-10-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TELEFONICA EUROPE BV                                               | Telefonica Europe BV                                                             | CUSIP: 000000000<br>LEI: 7245007FZS0M65WUGP67 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $131097.43    | 0.01%             | 2031-06-07      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FULL HOUSE RESORTS INC                                             | Full House Resorts Inc                                                           | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |       50000 | PA      | $46402.69     | 0.01%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 14.945000 02-JAN-2026 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |      385559 | OU      | $-16.68       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITYCON TREASURY BV                                                | Citycon Treasury BV                                                              | CUSIP: 000000000<br>LEI: 549300WAE0CGQ0IE1H63 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $236115.48    | 0.03%             | 2031-07-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133KMW84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      429139 | PA      | $349764.34    | 0.04%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (KOREA)                                                         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      350206 | OU      | $12561.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                             | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |      296000 | PA      | $298670.01    | 0.03%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Casper BidCo SAS                                                   | Casper BidCo SAS 2025 EUR Term Loan B                                            | CUSIP: 000000000<br>LEI: 969500OUD0VB2606MD53 | Long             | LON              | CORP              | FR        |     1000000 | PA      | $1171996.07   | 0.13%             | 2031-03-21      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                         | US Bancorp                                                                       | CUSIP: 000000000<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |      400000 | PA      | $470855.16    | 0.05%             | 2028-05-21      | Floating      | 2.83%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                  | SWP: OIS 14.030000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |     2134950 | OU      | $11744.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 13.240000 02-JAN-2029 BZD                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     1457485 | OU      | $220.15       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                               | SWAP/CDSWAP/SCDS: (DB)                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | XX        |       59000 | OU      | $-979.82      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| M/I Homes Inc                                                      | M/I Homes Inc                                                                    | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |         731 | NS      | $105585.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae REMICS                                                                | CUSIP: 3136BS5D3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1190138 | PA      | $1189483.85   | 0.13%             | 2054-10-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.369 17-SEP-2028 KRW                                                  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   608529583 | OU      | $-2028.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J7X91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         887 | PA      | $869.46       | 0.00%             | 2030-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140J5JU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        9588 | PA      | $8981.32      | 0.00%             | 2047-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FONDO MIVIVIENDA SA                                                | Fondo MIVIVIENDA SA                                                              | CUSIP: 000000000<br>LEI: 549300X41PNOK11PZ670 | Long             | DBT              | NUSS              | PE        |      150000 | PA      | $150750.00    | 0.02%             | 2027-04-12      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                   | Paramount Global                                                                 | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |      178000 | PA      | $175451.04    | 0.02%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                             | US 2YR FUTR OPTN OCT25C 104.7                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          37 | NC      | $37.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 4.205000 17-SEP-2026 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     3815777 | OU      | $-873.67      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sweden Government Bonds                                            | Sweden Government Bonds                                                          | CUSIP: 000000000<br>LEI: ERE94C0BSULG2RM19605 | Long             | DBT              | NUSS              | SE        |      250000 | PA      | $28664.60     | 0.00%             | 2039-03-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                        | Equinix Inc                                                                      | CUSIP: 29444UBU9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |      239000 | PA      | $229247.61    | 0.03%             | 2032-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                               | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                | CUSIP: 73360CAS3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |      210000 | PA      | $211098.98    | 0.02%             | 2026-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                       | Barclays PLC                                                                     | CUSIP: 06738ECE3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |      391000 | PA      | $448642.82    | 0.05%             | 2033-11-02      | Fixed         | 7.44%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                        | EUR C USD P @1.170000 EO                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |     2011900 | OU      | $9892.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | SPDR S+P REGIONAL BANKING ETF                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |        -182 | NC      | $-5642.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 7.795000 07-FEB-2030 TII                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     1387240 | OU      | $-1560.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                      | Citigroup Inc                                                                    | CUSIP: 172967NN7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      919000 | PA      | $873034.35    | 0.10%             | 2033-03-17      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| Red & Black Auto Germany UG                                        | Red & Black Auto Germany 10 UG                                                   | CUSIP: 000000000<br>LEI: 391200NRHS61DTNNBX69 | Long             | ABS-O            | CORP              | DE        |       71015 | PA      | $83812.03     | 0.01%             | 2032-09-15      | Floating      | 3.08%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                                     | Mariner Finance issuance Trust 2024-B                                            | CUSIP: 56847GAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $102713.04    | 0.01%             | 2038-11-20      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                             | Banque Federative du Credit Mutuel SA                                            | CUSIP: 000000000<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |      700000 | PA      | $753839.69    | 0.09%             | 2030-06-03      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                              | Belron UK Finance PLC                                                            | CUSIP: 000000000<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |      139000 | PA      | $167492.00    | 0.02%             | 2029-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                                         | U.K. Gilts                                                                       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     1040000 | PA      | $700326.81    | 0.08%             | 2047-07-22      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust                          | GoodLeap Home Improvement Solutions Trust 2024-1                                 | CUSIP: 381935AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      546082 | PA      | $553217.11    | 0.06%             | 2046-10-20      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| THAMES WATER SUPER SEN                                             | Thames Water Super Senior Issuer PLC                                             | CUSIP: 000000000<br>LEI: 635400LBEYCV7F4FC741 | Long             | DBT              | CORP              | GB        |        1105 | PA      | $1646.94      | 0.00%             | 2027-10-10      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 3.970000 17-SEP-2027 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     5167240 | OU      | $3249.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                     | Sabre GLBL Inc 2024 Term Loan B1                                                 | CUSIP: 78571YBK5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |       52432 | PA      | $49285.98     | 0.01%             | 2029-11-15      | Floating      | 10.26%                | No            |                  3 | On Loan: No      |
| Bank of America NA                                                 | PURCHASED CNH / SOLD USD                                                         | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | CN        |           1 | NC      | $-10736.48    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                             | SPDR S+P 500 ETF TRUST                                                           | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |          80 | NC      | $35800.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                                           | Burlington Northern Santa Fe LLC                                                 | CUSIP: 12189LBK6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      105000 | PA      | $100766.53    | 0.01%             | 2054-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GC TREASURY CENTRE CO                                              | GC Treasury Center Co Ltd                                                        | CUSIP: 000000000<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |      250000 | PA      | $254062.50    | 0.03%             | 2030-09-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                             | General Motors Financial Co Inc                                                  | CUSIP: 37045XFJ0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |      307000 | PA      | $316267.49    | 0.04%             | 2030-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                                    | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $118888.94    | 0.01%             | 2031-10-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140EW4R3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1128 | PA      | $1087.69      | 0.00%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CURRENTA GROUP HOLDINGS                                            | Currenta Group Holdings Sarl                                                     | CUSIP: 000000000<br>LEI: 222100SF79KCJKYUPE47 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $118336.91    | 0.01%             | 2032-05-15      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.500000 17-SEP-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  3007617040 | OU      | $-2209.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                     | PURCHASED ZAR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | ZA        |           1 | NC      | $-1487.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HOMES Trust                                                        | HOMES 2025-NQM3 Trust                                                            | CUSIP: 40446GAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2192190 | PA      | $2211310.06   | 0.25%             | 2070-02-25      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                 | SWP: OIS 9.965000 04-JAN-2027 BZD                                                | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |        2268 | OU      | $-46.69       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HUMANA INC                                                         | Humana Inc                                                                       | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |      185000 | PA      | $190292.99    | 0.02%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SPACE EXPLORATION TECHNOLOGIES CORP                                | SPACE EXPLORATION TECHNOLOGIES CORP                                              | CUSIP: 000000000<br>LEI: 549300B9WLO96RQCXP87 | Long             | STIV             | CORP              | US        |        1132 | NS      | $231652.48    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ROMANIA                                                            | Romanian Government International Bond                                           | CUSIP: 77586RAY6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       30000 | PA      | $30562.50     | 0.00%             | 2030-09-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                                 | Ukraine Government International Bond                                            | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       24540 | PA      | $13276.14     | 0.00%             | 2036-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED COP / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CO        |           1 | NC      | $-27.01       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                 | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |           1 | NC      | $-2113.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Henley CLO                                                         | Henley CLO IV DAC                                                                | CUSIP: 000000000<br>LEI: 6354009HFM8XXW6PPK55 | Long             | ABS-CBDO         | CORP              | IE        |      100000 | PA      | $117386.66    | 0.01%             | 2034-04-25      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                  | EURO-BUXL 30Y BND DEC25                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |          -9 | NC      | $-26661.02    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD IDR                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $15014.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-24884.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                                   | OneMain Financial Issuance Trust 2022-2                                          | CUSIP: 68268VAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      189000 | PA      | $188758.46    | 0.02%             | 2034-10-14      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| AROUNDTOWN SA                                                      | Aroundtown SA                                                                    | CUSIP: 000000000<br>LEI: 529900H4DWG3KWMBMQ39 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $116858.78    | 0.01%             | 2030-05-13      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                            | Dryden 37 Senior Loan Fund                                                       | CUSIP: 26249MAN7<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-CBDO         | CORP              | KY        |      232395 | PA      | $232864.14    | 0.03%             | 2031-01-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                  | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |       50000 | PA      | $51936.30     | 0.01%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED TRY / SOLD USD                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | TR        |           1 | NC      | $410.61       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds                          | Costa Rica Government International Bonds                                        | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |      351000 | PA      | $384345.00    | 0.04%             | 2054-11-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: CZK 3.808000 17-SEP-2030 PRI                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     6703930 | OU      | $-1551.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Italian Stella Loans Srl                                           | Auto ABS Italian Stella Loans 2025-1 SRL                                         | CUSIP: 000000000<br>LEI: 81560077D223209D3A80 | Long             | ABS-O            | CORP              | IT        |      167000 | PA      | $196867.99    | 0.02%             | 2040-12-28      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                                  | Service Corp International/US                                                    | CUSIP: 817565CE2<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |      100000 | PA      | $99993.08     | 0.01%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                                               | Teva Pharmaceutical Finance Netherlands II BV                                    | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |      120000 | PA      | $168887.19    | 0.02%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TICP CLO LTD                                                       | TICP CLO XII Ltd                                                                 | CUSIP: 87250FAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      325000 | PA      | $325728.00    | 0.04%             | 2034-07-15      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                               | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  2158000000 | PA      | $135651.76    | 0.02%             | 2033-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                           | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       23000 | PA      | $23087.98     | 0.00%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MEHILAINEN YHTIOT OY                                               | Mehilainen Yhtiot Oy                                                             | CUSIP: 000000000<br>LEI: 2138006X78HGYRHS5865 | Long             | DBT              | CORP              | FI        |      300000 | PA      | $359685.73    | 0.04%             | 2032-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                            | PURCHASED CAD / SOLD USD                                                         | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | CA        |           1 | NC      | $871.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                   | PURCHASED CNH / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | CN        |           1 | NC      | $-21551.82    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: PLN 5.135000 20-DEC-2025 WIB                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | PL        |     4197000 | OU      | $-27753.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 3617BFTR3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       11095 | PA      | $10891.17     | 0.00%             | 2048-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CD&R FIREFLY BIDCO LTD                                             | CD&R Firefly Bidco PLC                                                           | CUSIP: 000000000<br>LEI: 213800OAU5VX61DYZ558 | Long             | DBT              | CORP              | GB        |      300000 | PA      | $423898.55    | 0.05%             | 2029-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| BYD Co Ltd                                                         | BYD Co Ltd                                                                       | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |        7500 | NS      | $106010.09    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                           | Celanese US Holdings LLC                                                         | CUSIP: 15089QAX2<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |       52000 | PA      | $53676.12     | 0.01%             | 2030-11-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (MEX)                                                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |     1051957 | OU      | $3952.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                  | HSBC Holdings PLC                                                                | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     1813000 | PA      | $2630829.56   | 0.30%             | 2031-09-14      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac REMICS                                                               | CUSIP: 3137HFWR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      215693 | PA      | $215608.61    | 0.02%             | 2054-10-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| METHANEX US OPERATIONS                                             | Methanex US Operations Inc                                                       | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      100000 | PA      | $101746.80    | 0.01%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                               | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  3145000000 | PA      | $193220.74    | 0.02%             | 2032-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LENDLEASE ASIA TREASURY                                            | Lendlease Asia Treasury Pte Ltd                                                  | CUSIP: 000000000<br>LEI: 254900RDMI6PPK5EN222 | Long             | DBT              | CORP              | SG        |      250000 | PA      | $194290.48    | 0.02%             | 2030-09-30      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal                         | CAN 10YR BOND FUT DEC25                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |         358 | NC      | $651242.74    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FORVIA SE                                                          | Forvia SE                                                                        | CUSIP: 000000000<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |      300000 | PA      | $362131.09    | 0.04%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                         | Intel Corp                                                                       | CUSIP: 458140CH1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |       81000 | PA      | $79432.48     | 0.01%             | 2043-02-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                             | PURCHASED CZK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | CZ        |           1 | NC      | $680.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNIQUE PUB FINANCE CO                                              | Unique Pub Finance Co PLC/The                                                    | CUSIP: 000000000<br>LEI: 213800FOMWLKHQTI5562 | Long             | DBT              | CORP              | GB        |       61844 | PA      | $86812.21     | 0.01%             | 2032-03-30      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| Noria                                                              | Noria DE 2024                                                                    | CUSIP: 000000000<br>LEI: 9695003DRUTU793B4N34 | Long             | ABS-O            | CORP              | FR        |       89266 | PA      | $105083.43    | 0.01%             | 2043-02-25      | Floating      | 2.82%                 | No            |                  2 | On Loan: No      |
| NEXI SPA                                                           | Nexi SpA                                                                         | CUSIP: 000000000<br>LEI: 5493000P70CQRQG8SN85 | Long             | DBT              | CORP              | IT        |      200000 | PA      | $215003.80    | 0.02%             | 2028-02-24      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae I Pool                                                                | CUSIP: 36197MRR1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       14507 | PA      | $14278.50     | 0.00%             | 2047-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                     | Morgan Stanley                                                                   | CUSIP: 000000000<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     1205000 | PA      | $1477265.74   | 0.17%             | 2029-03-02      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3132DMRH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      139005 | PA      | $133586.55    | 0.02%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132XWBS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        3190 | PA      | $2992.26      | 0.00%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                     | Bombardier Inc                                                                   | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |       86000 | PA      | $92741.71     | 0.01%             | 2030-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36179UPB2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       40386 | PA      | $39999.85     | 0.00%             | 2049-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                               | YPF SA                                                                           | CUSIP: 984245AX8<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |      156000 | PA      | $159744.00    | 0.02%             | 2031-01-17      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJNC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       36073 | PA      | $32778.31     | 0.00%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Pool                                                                 | CUSIP: 3133KYWH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       79926 | PA      | $69009.07     | 0.01%             | 2042-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | SWP: OIS 3.500000 17-OCT-2033 SOF                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    17463340 | OU      | $-237059.63   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                     | CVR Energy Inc                                                                   | CUSIP: 12662PAF5<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |      108000 | PA      | $110382.26    | 0.01%             | 2029-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                        | FSWP: OIS 3.619000 09-OCT-2034 SOF                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    10760000 | OU      | $99905.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                                | Egypt Treasury Bills                                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | STIV             | NUSS              | EG        |     1025000 | PA      | $18209.63     | 0.00%             | 2026-06-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RCI BANQUE SA                                                      | RCI Banque SA                                                                    | CUSIP: 000000000<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $123496.39    | 0.01%             | 2034-10-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                                              | Encompass Health Corp                                                            | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |       57000 | PA      | $56331.95     | 0.01%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CNT PRNT/CDK GLO II/FIN                                            | Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc                    | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      207000 | PA      | $182420.01    | 0.02%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED USD / SOLD TRY                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |           1 | NC      | $-523.08      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                           | Ginnie Mae II Pool                                                               | CUSIP: 36196FZF4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        2038 | PA      | $1881.67      | 0.00%             | 2046-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                             | PURCHASED USD / SOLD BRL                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |           1 | NC      | $4147.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust                          | Santander Mortgage Asset Receivable Trust 2025-NQM5                              | CUSIP: 80262CAA6<br>LEI: 254900FHBJ2YHHBOAU80 | Long             | ABS-MBS          | CORP              | US        |     1185000 | PA      | $1184988.98   | 0.13%             | 2065-08-25      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| FOOD SERVICE PROJECT SL                                            | Food Service Project SA                                                          | CUSIP: 000000000<br>LEI: 95980020140005812514 | Long             | DBT              | CORP              | ES        |      100000 | PA      | $117742.16    | 0.01%             | 2027-01-21      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DAVIDSON HOMES PREF EQIUTY/PFD                                     | DAVIDSON HOMES PREF EQIUTY/PFD                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        1474 | NS      | $1599702.72   | 0.18%             |  |  |  | No            |                  3 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138LSK41<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1025 | PA      | $996.28       | 0.00%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                        | PURCHASED BRL / SOLD USD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | BR        |           1 | NC      | $510.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bulgaria Government International Bonds                            | Bulgaria Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900PG0XCL4LICL838 | Long             | DBT              | NUSS              | BG        |       22000 | PA      | $22022.00     | 0.00%             | 2037-03-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                    | SWAP/CDSWAP/ICE: (KSA)                                                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |      191539 | OU      | $2854.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW IMMO HOLDING SA                                                | New Immo Holding SA                                                              | CUSIP: 000000000<br>LEI: 5493007LOTJ0I8E94R81 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $115686.36    | 0.01%             | 2027-07-23      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Japan Government Thirty Year Bonds                                 | Japan Government Thirty Year Bonds                                               | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   707400000 | PA      | $2763157.93   | 0.31%             | 2049-09-20      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BANK                                            | USD C TWD P @30.50 EO                                                            | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | LU        |    -1621900 | OU      | $-7087.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                  | PURCHASED USD / SOLD JPY                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |           1 | NC      | $-519.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140FXB27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       18288 | PA      | $18886.61     | 0.00%             | 2039-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                           | FSWP: KRW 2.528000 17-SEP-2028 KRW                                               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  3293135000 | OU      | $-1791.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                            | Mexican Bonos                                                                    | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    25100000 | PA      | $1292533.16   | 0.15%             | 2036-02-21      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Denmark Government Bonds                                           | Denmark Government Bonds                                                         | CUSIP: 000000000<br>LEI: 549300PTO6LS1PTM6607 | Long             | DBT              | NUSS              | DK        |      500000 | PA      | $78619.98     | 0.01%             | 2025-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                      | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |           1 | NC      | $445362.80    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                                             | Republic of Poland Government Bond                                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     2138772 | PA      | $525856.11    | 0.06%             | 2036-08-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                                      | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |           1 | NC      | $30084.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                        | Freddie Mac Gold Pool                                                            | CUSIP: 3132JMFR5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        1282 | PA      | $1203.00      | 0.00%             | 2043-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                      | EchoStar Corp                                                                    | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |      103712 | PA      | $106921.89    | 0.01%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                | PURCHASED USD / SOLD CNH                                                         | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | US        |           1 | NC      | $75968.05     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TVL FINANCE PLC                                                    | TVL Finance PLC                                                                  | CUSIP: 000000000<br>LEI: 549300DUQXE7VXG8YA50 | Long             | DBT              | CORP              | JE        |      100000 | PA      | $136156.84    | 0.02%             | 2028-04-28      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3140FG5Z8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        2057 | PA      | $1868.85      | 0.00%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                                 | Sunrise FinCo I BV                                                               | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $190530.00    | 0.02%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                               | WR Grace Holdings LLC                                                            | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |       66000 | PA      | $65590.69     | 0.01%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                        | PURCHASED USD / SOLD EGP                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |           1 | NC      | $-12250.65    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MFRA Trust                                                         | MFA 2025-NQM2 Trust                                                              | CUSIP: 55287MAA7<br>LEI: 254900SDE8K3K1E63161 | Long             | ABS-MBS          | CORP              | US        |     1503278 | PA      | $1516102.91   | 0.17%             | 2070-05-27      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                             | PURCHASED SEK / SOLD USD                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | SE        |           1 | NC      | $1791.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                         | Fannie Mae Pool                                                                  | CUSIP: 3138WJH27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        4496 | PA      | $4270.93      | 0.00%             | 2036-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HEATHROW FINANCE PLC                                               | Heathrow Finance PLC                                                             | CUSIP: 000000000<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $135133.44    | 0.02%             | 2031-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** BlackRock Strategic Global Bond Fund, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer