# EDGAR Filing Document

**Accession Number:** 0001480207
**File Stem:** 0001193125-26-075565
**Filing Date:** 2026-2
**Character Count:** 1650072
**Document Hash:** 374ad1a2615ed9a88d3c72541e2f576c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-075565.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001193125-26-075565

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DoubleLine Funds Trust
- **CENTRAL INDEX KEY:** 0001480207

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22378
- **FILM NUMBER:** 26685349

**BUSINESS ADDRESS:**
- **STREET 1:** 2002 N. TAMPA ST.,
- **STREET 2:** SUITE 200
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602
- **BUSINESS PHONE:** (813) 791-7333

**MAIL ADDRESS:**
- **STREET 1:** 2002 N. TAMPA ST.,
- **STREET 2:** SUITE 200
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602

## Series and Classes Contracts Data

### DoubleLine Flexible Income Fund (Series ID: S000044832)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000139216 | Class I      | DFLEX           |
| C000139217 | Class N      | DLINX           |
| C000213588 | Class R6     | DFFLX           |
| C000265923 | I2           |  |

## Nport-Ex

---

| | |
|:---|:---|
| **DoubleLine Total Return Bond Fund** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **ASSET BACKED OBLIGATIONS - 5.6%** | **ASSET BACKED OBLIGATIONS - 5.6%** | **ASSET BACKED OBLIGATIONS - 5.6%** |  |  |
|  | Affirm, Inc. |  |  |  |
| 17375000 | &nbsp;&nbsp;&nbsp;Series 2025-X2-D | 5.23 %<sup>(a)</sup> | 10/15/2030 | 17420677 |
|  | Aligned Data Centers Issuer LLC |  |  |  |
| 12950000 | &nbsp;&nbsp;&nbsp;Series 2021-1A-A2 | 1.94 %<sup>(a)</sup> | 08/15/2046 | 12720547 |
| 11550000 | &nbsp;&nbsp;&nbsp;Series 2021-1A-B | 2.48 %<sup>(a)</sup> | 08/15/2046 | 11345935 |
|  | ALTDE Trust |  |  |  |
| 15528123 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A | 5.90 %<sup>(a)</sup> | 08/15/2050 | 15888127 |
|  | American Credit Acceptance Receivables Trust |  |  |  |
| 2800000 | &nbsp;&nbsp;&nbsp;Series 2024-4-C | 4.91 %<sup>(a)</sup> | 08/12/2031 | 2815733 |
|  | Apollo Aviation Securitization Equity Trust |  |  |  |
| 4166190 | &nbsp;&nbsp;&nbsp;Series 2020-1A-A | 3.35 %<sup>(a)</sup> | 01/16/2040 | 4126873 |
| 6070066 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A1 | 6.26 %<sup>(a)</sup> | 05/16/2049 | 6212081 |
| 28511449 | &nbsp;&nbsp;&nbsp;Series 2024-1A-B | 6.90 %<sup>(a)</sup> | 05/16/2049 | 29047549 |
| 49546298 | &nbsp;&nbsp;&nbsp;Series 2024-2A-A | 5.93 %<sup>(a)</sup> | 09/16/2049 | 50341119 |
| 4871209 | &nbsp;&nbsp;&nbsp;Series 2024-2A-B | 6.61 %<sup>(a)</sup> | 09/16/2049 | 4924417 |
| 20279740 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A | 5.94 %<sup>(a)</sup> | 02/16/2050 | 20750635 |
| 9878096 | &nbsp;&nbsp;&nbsp;Series 2025-2A-A | 5.52 %<sup>(a)</sup> | 02/16/2050 | 10052859 |
|  | Avant Credit Card Master Trust |  |  |  |
| 15500000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-B | 5.08 %<sup>(a)</sup> | 04/15/2031 | 15512124 |
| 13500000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-D | 5.72 %<sup>(a)</sup> | 04/15/2031 | 13512496 |
|  | Blue Stream Communications LLC |  |  |  |
| 21500000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A2 | 5.41 %<sup>(a)</sup> | 11/20/2054 | 21801931 |
|  | Bridgecrest Lending Auto Securitization Trust |  |  |  |
| 19700000 | &nbsp;&nbsp;&nbsp;Series 2024-4-C | 4.83% | 08/15/2030 | 19844011 |
| 5500000 | &nbsp;&nbsp;&nbsp;Series 2025-2-C | 5.17% | 03/17/2031 | 5574212 |
|  | CAI International, Inc. |  |  |  |
| 9591888 | &nbsp;&nbsp;&nbsp;Series 2020-1A-A | 2.22 %<sup>(a)</sup> | 09/25/2045 | 9213269 |
|  | Carbon Level Mitigation Trust |  |  |  |
| 17081108 | &nbsp;&nbsp;&nbsp;Series 2021-3-CERT | 1.38 %<sup>(a)(b)</sup> | 09/08/2051 | 10169596 |
| 26084782 | &nbsp;&nbsp;&nbsp;Series 2022-3-CERT | 0.23 %<sup>(a)</sup> | 11/21/2052 | 14542840 |
|  | Carvana Auto Receivables Trust |  |  |  |
| 10770000 | &nbsp;&nbsp;&nbsp;Series 2024-P3-B | 4.53% | 11/11/2030 | 10817491 |
|  | Castlelake Aircraft Securitization Trust |  |  |  |
| 825273 | &nbsp;&nbsp;&nbsp;Series 2017-1R-A | 2.74 %<sup>(a)</sup> | 08/15/2041 | 811883 |
| 13785928 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A | 5.78 %<sup>(a)</sup> | 02/15/2050 | 14018290 |
|  | Cloud Capital Holdco LP |  |  |  |
| 27250000 | &nbsp;&nbsp;&nbsp;Series 2024-2A-A2 | 5.92 %<sup>(a)</sup> | 11/22/2049 | 27603269 |
|  | Coinstar Funding LLC |  |  |  |
| 11707425 | &nbsp;&nbsp;&nbsp;Series 2017-1A-A2 | 5.22 %<sup>(a)</sup> | 04/25/2047 | 13393294 |
|  | Cologix Data Centers US Issuer LLC |  |  |  |
| 8725000 | &nbsp;&nbsp;&nbsp;Series 2021-1A-A2 | 3.30 %<sup>(a)</sup> | 12/26/2051 | 8578486 |
|  | Commonbond Student Loan Trust |  |  |  |
| 964093 | &nbsp;&nbsp;&nbsp;Series 2016-A-A1 | 3.32 %<sup>(a)</sup> | 05/25/2040 | 942721 |
|  | Compass Datacenters LLC |  |  |  |
| 10680000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A1 | 5.25 %<sup>(a)</sup> | 02/25/2049 | 10743101 |
| 16250000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A3 | 5.85 %<sup>(a)</sup> | 02/25/2050 | 16429699 |
|  | Container Leasing International LLC |  |  |  |
| 3524721 | &nbsp;&nbsp;&nbsp;Series 2020-1A-A | 2.08 %<sup>(a)</sup> | 09/18/2045 | 3330584 |
| 8831125 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A | 5.35 %<sup>(a)</sup> | 06/20/2050 | 8977020 |
| 5507583 | &nbsp;&nbsp;&nbsp;Series 2025-1A-B | 5.59 %<sup>(a)</sup> | 06/20/2050 | 5586669 |
|  | Cyrusone Holdco LLC |  |  |  |
| 18200000 | &nbsp;&nbsp;&nbsp;Series 2023-1A-A2 | 4.30 %<sup>(a)</sup> | 04/20/2048 | 17957844 |
| 7650000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A2 | 5.91 %<sup>(a)</sup> | 02/20/2050 | 7769749 |
|  | DataBank Issuer |  |  |  |
| 39300000 | &nbsp;&nbsp;&nbsp;Series 2021-1A-A2 | 2.06 %<sup>(a)</sup> | 02/27/2051 | 39124443 |
| 31000000 | &nbsp;&nbsp;&nbsp;Series 2021-2A-A2 | 2.40 %<sup>(a)</sup> | 10/25/2051 | 30382672 |
| 3350000 | &nbsp;&nbsp;&nbsp;Series 2021-2A-B | 2.79 %<sup>(a)</sup> | 10/25/2051 | 3286684 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | DataBank Issuer II LLC |  |  |  |
| 31250000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A2 | 5.18 %<sup>(a)</sup> | 09/27/2055 | 30842272 |
| 5045000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-B | 5.67 %<sup>(a)</sup> | 09/27/2055 | 4942305 |
|  | DB Master Finance Parent LLC |  |  |  |
| 27600000 | &nbsp;&nbsp;&nbsp;Series 2021-1A-A23 | 2.79 %<sup>(a)</sup> | 11/20/2051 | 24644548 |
|  | Diamond Issuer |  |  |  |
| 6000000 | &nbsp;&nbsp;&nbsp;Series 2021-1A-B | 2.70 %<sup>(a)</sup> | 11/20/2051 | 5759690 |
|  | DigitalBridge Group, Inc. |  |  |  |
| 6300000 | &nbsp;&nbsp;&nbsp;Series 2023-1A-B | 5.75 %<sup>(a)</sup> | 09/15/2048 | 6294625 |
|  | Diversified Energy Co. PLC |  |  |  |
| 10147952 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A1 | 7.08 %<sup>(a)</sup> | 05/30/2044 | 10342285 |
|  | Dividend Solar Loans LLC |  |  |  |
| 11633599 | &nbsp;&nbsp;&nbsp;Series 2019-1-A | 3.67 %<sup>(a)</sup> | 08/22/2039 | 10859570 |
|  | ECAF Ltd. |  |  |  |
| 11085676 | &nbsp;&nbsp;&nbsp;Series 2015-1A-A2 | 4.95 %<sup>(a)</sup> | 06/15/2040 | 10166729 |
|  | EDI ABS Guarantor 1 LLC |  |  |  |
| 2610000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-B | 4.55 %<sup>(a)</sup> | 07/25/2055 | 2487279 |
|  | FWEA |  |  |  |
| 18301825 | &nbsp;&nbsp;&nbsp;Series 2024-1-A-A | 7.15 %<sup>(c)</sup> | 08/25/2044 | 18801465 |
|  | GAIA Aviation Ltd. |  |  |  |
| 7515764 | &nbsp;&nbsp;&nbsp;Series 2019-1-A | 3.97 %<sup>(a)(d)</sup> | 12/15/2044 | 7405342 |
|  | Gilead Aviation LLC |  |  |  |
| 15499078 | &nbsp;&nbsp;&nbsp;Series 2025-1A-B | 6.52 %<sup>(a)</sup> | 03/15/2050 | 15913415 |
|  | Global Sea Containers Two SRL |  |  |  |
| 14003424 | &nbsp;&nbsp;&nbsp;Series 2020-1A-A | 2.17 %<sup>(a)</sup> | 10/17/2040 | 13459455 |
|  | GoodLeap Home Improvement Solutions Trust |  |  |  |
| 13335832 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A | 5.35 %<sup>(a)</sup> | 10/20/2046 | 13520773 |
| 11286781 | &nbsp;&nbsp;&nbsp;Series 2025-2A-A | 5.32 %<sup>(a)</sup> | 06/20/2049 | 11418304 |
|  | GreenSky LLC |  |  |  |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2024-2-A3 | 5.15 %<sup>(a)</sup> | 10/27/2059 | 10199758 |
| 9350000 | &nbsp;&nbsp;&nbsp;Series 2025-3A-A3 | 4.52 %<sup>(a)</sup> | 12/27/2060 | 9378491 |
|  | Helios Issuer LLC |  |  |  |
| 5697172 | &nbsp;&nbsp;&nbsp;Series 2018-1A-A | 4.87 %<sup>(a)</sup> | 07/20/2048 | 5514229 |
| 4802688 | &nbsp;&nbsp;&nbsp;Series 2019-AA-A | 3.75 %<sup>(a)</sup> | 06/20/2046 | 4495120 |
| 13700149 | &nbsp;&nbsp;&nbsp;Series 2020-2A-A | 2.73 %<sup>(a)</sup> | 11/01/2055 | 11815494 |
| 5498833 | &nbsp;&nbsp;&nbsp;Series 2021-C-B | 2.33 %<sup>(a)</sup> | 10/20/2048 | 3731812 |
|  | HERO Funding Trust |  |  |  |
| 1386890 | &nbsp;&nbsp;&nbsp;Series 2016-3A-A2 | 3.91 %<sup>(a)</sup> | 09/20/2042 | 1334727 |
| 3840564 | &nbsp;&nbsp;&nbsp;Series 2016-4A-A2 | 4.29 %<sup>(a)</sup> | 09/20/2047 | 3730023 |
|  | Horizon Aircraft Finance Ltd. |  |  |  |
| 4953582 | &nbsp;&nbsp;&nbsp;Series 2019-1-A | 3.72 %<sup>(a)</sup> | 07/15/2039 | 4895184 |
| 23859375 | &nbsp;&nbsp;&nbsp;Series 2024-1-A | 5.38 %<sup>(a)</sup> | 09/15/2049 | 23985233 |
|  | ITE Rail Fund Levered LP |  |  |  |
| 11085438 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A | 4.99 %<sup>(a)</sup> | 09/28/2054 | 11112708 |
|  | Jack in the Box, Inc. |  |  |  |
| 36195000 | &nbsp;&nbsp;&nbsp;Series 2019-1A-A23 | 4.97 %<sup>(a)</sup> | 08/25/2049 | 34673775 |
|  | Jersey Mike's Funding |  |  |  |
| 4519500 | &nbsp;&nbsp;&nbsp;Series 2019-1A-A2 | 4.43 %<sup>(a)</sup> | 02/15/2050 | 4522253 |
| 13895000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A2 | 5.64 %<sup>(a)</sup> | 02/15/2055 | 14195707 |
|  | Jimmy Johns LLC |  |  |  |
| 19866000 | &nbsp;&nbsp;&nbsp;Series 2017-1A-A2II | 4.85 %<sup>(a)</sup> | 07/30/2047 | 19866584 |
|  | JOL Air Ltd. |  |  |  |
| 6219466 | &nbsp;&nbsp;&nbsp;Series 2019-1-A | 3.97 %<sup>(a)</sup> | 04/15/2044 | 6211543 |
|  | Labrador Aviation Finance Ltd. |  |  |  |
| 29580237 | &nbsp;&nbsp;&nbsp;Series 2016-1A-A1 | 4.30 %<sup>(a)</sup> | 01/15/2042 | 29743727 |
|  | Landmark Infrastructure Partners LP |  |  |  |
| 8650000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A | 5.52 %<sup>(a)</sup> | 09/15/2055 | 8740661 |
|  | Loanpal Solar Loan Ltd. |  |  |  |
| 1186842 | &nbsp;&nbsp;&nbsp;Series 2021-1GS-B | 2.84 %<sup>(a)</sup> | 01/20/2048 | 827560 |
|  | Luminace Issuer LLC |  |  |  |
| 13603264 | &nbsp;&nbsp;&nbsp;Series 2024-1-A | 5.87 %<sup>(a)</sup> | 10/30/2031 | 13622730 |
|  | Lunar Aircraft Ltd. |  |  |  |
| 7386620 | &nbsp;&nbsp;&nbsp;Series 2020-1A-A | 3.38 %<sup>(a)</sup> | 02/15/2045 | 7293578 |
|  | Lunar Structured Aircraft Portfolio Notes |  |  |  |
| 867239 | &nbsp;&nbsp;&nbsp;Series 2021-1-B | 3.43 %<sup>(a)</sup> | 10/15/2046 | 828748 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Mariner Finance Issuance Trust |  |  |  |
| 35000000 | &nbsp;&nbsp;&nbsp;Series 2024-BA-A | 4.91 %<sup>(a)</sup> | 11/20/2038 | 35533610 |
| 6750000 | &nbsp;&nbsp;&nbsp;Series 2025-AA-C | 5.69 %<sup>(a)</sup> | 05/20/2038 | 6862000 |
|  | Marlette Funding Trust |  |  |  |
| 5084905 | &nbsp;&nbsp;&nbsp;Series 2024-1A-B | 6.07 %<sup>(a)</sup> | 07/17/2034 | 5113517 |
|  | Mosaic Solar Loans LLC |  |  |  |
| 8510412 | &nbsp;&nbsp;&nbsp;Series 2017-2A-A | 3.82 %<sup>(a)</sup> | 06/22/2043 | 8060708 |
| 5318355 | &nbsp;&nbsp;&nbsp;Series 2018-1A-A | 4.01 %<sup>(a)</sup> | 06/22/2043 | 5024227 |
| 6777026 | &nbsp;&nbsp;&nbsp;Series 2018-2GS-A | 4.20 %<sup>(a)</sup> | 02/22/2044 | 6377930 |
| 1110517 | &nbsp;&nbsp;&nbsp;Series 2019-1A-A | 4.37 %<sup>(a)</sup> | 12/21/2043 | 1052165 |
|  | MP LLC |  |  |  |
| 20147214 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A | 5.55 %<sup>(a)</sup> | 11/15/2065 | 20193818 |
|  | Navient Student Loan Trust |  |  |  |
| 11000000 | &nbsp;&nbsp;&nbsp;Series 2018-BA-B | 4.13 %<sup>(a)</sup> | 12/15/2059 | 10827359 |
| 10321163 | &nbsp;&nbsp;&nbsp;Series 2025-C-A | 4.80 %<sup>(a)</sup> | 10/15/2055 | 10352505 |
|  | Navigator Aircraft ABS Ltd. |  |  |  |
| 8762279 | &nbsp;&nbsp;&nbsp;Series 2021-1-B | 3.57 %<sup>(a)(d)</sup> | 11/15/2046 | 8417729 |
| 29219473 | &nbsp;&nbsp;&nbsp;Series 2025-1-B | 5.89 %<sup>(a)</sup> | 10/15/2050 | 29246501 |
|  | NBC Funding LLC |  |  |  |
| 16525125 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A2 | 6.75 %<sup>(a)</sup> | 07/30/2054 | 16869251 |
| 11100000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A2 | 6.21 %<sup>(a)</sup> | 07/30/2055 | 11271528 |
|  | Neighborly Issuer |  |  |  |
| 14086250 | &nbsp;&nbsp;&nbsp;Series 2021-1A-A2 | 3.58 %<sup>(a)</sup> | 04/30/2051 | 13535106 |
|  | Pagaya AI Debt Selection Trust |  |  |  |
| 1347682 | &nbsp;&nbsp;&nbsp;Series 2024-1-A | 6.66 %<sup>(a)</sup> | 07/15/2031 | 1351194 |
| 2112846 | &nbsp;&nbsp;&nbsp;Series 2024-8-B | 5.46 %<sup>(a)</sup> | 01/15/2032 | 2121122 |
| 8649666 | &nbsp;&nbsp;&nbsp;Series 2025-5-B | 5.44 %<sup>(a)</sup> | 03/15/2033 | 8691286 |
|  | Pioneer Aircraft Finance Ltd. |  |  |  |
| 20494332 | &nbsp;&nbsp;&nbsp;Series 2019-1-A | 3.97 %<sup>(a)</sup> | 06/15/2044 | 20385343 |
|  | Planet Fitness SPV Guarantor LLC |  |  |  |
| 4500000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A2II | 5.65 %<sup>(a)</sup> | 12/06/2055 | 4512926 |
|  | Primrose Holdings, Inc. |  |  |  |
| 5760563 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A2 | 6.46 %<sup>(a)</sup> | 07/30/2055 | 5953342 |
|  | Project Silver |  |  |  |
| 21565698 | &nbsp;&nbsp;&nbsp;Series 2019-1-A | 3.97 %<sup>(a)</sup> | 07/15/2044 | 21244433 |
|  | Raptor Aircraft Finance |  |  |  |
| 10115831 | &nbsp;&nbsp;&nbsp;Series 2019-1-A | 4.21 %<sup>(a)</sup> | 08/23/2044 | 9417768 |
|  | Renew |  |  |  |
| 5500538 | &nbsp;&nbsp;&nbsp;Series 2017-2A-A | 3.22 %<sup>(a)</sup> | 09/22/2053 | 5036132 |
|  | Research-Driven Pagaya Motor Asset Trust |  |  |  |
| 8616876 | &nbsp;&nbsp;&nbsp;Series 2021-2A-A | 2.65 %<sup>(a)</sup> | 03/25/2030 | 8532375 |
|  | SEB Funding LLC |  |  |  |
| 17705625 | &nbsp;&nbsp;&nbsp;Series 2021-1A-A2 | 4.97 %<sup>(a)</sup> | 01/30/2052 | 17693541 |
|  | ServiceMaster Funding LLC |  |  |  |
| 3901677 | &nbsp;&nbsp;&nbsp;Series 2020-1-A2II | 3.34 %<sup>(a)</sup> | 01/30/2051 | 3494095 |
|  | SFS Auto Receivables Securitization Trust |  |  |  |
| 11300000 | &nbsp;&nbsp;&nbsp;Series 2024-3A-A4 | 4.60 %<sup>(a)</sup> | 11/20/2031 | 11450023 |
|  | Shenton Aircraft Investment Ltd. |  |  |  |
| 13878427 | &nbsp;&nbsp;&nbsp;Series 2015-1A-A | 4.75 %<sup>(a)</sup> | 10/15/2042 | 13679521 |
|  | Sierra Timeshare Conduit Receivables Funding LLC |  |  |  |
| 618485 | &nbsp;&nbsp;&nbsp;Series 2021-2A-C | 1.95 %<sup>(a)</sup> | 09/20/2038 | 615634 |
| 742182 | &nbsp;&nbsp;&nbsp;Series 2021-2A-D | 3.23 %<sup>(a)</sup> | 09/20/2038 | 739335 |
|  | SLM Student Loan Trust |  |  |  |
| 3135649 | &nbsp;&nbsp;&nbsp;Series 2006-A-A5 (3 mo. Term SOFR + 0.55%, 0.00% Floor) | 4.27% | 06/15/2039 | 3024973 |
| 2353994 | &nbsp;&nbsp;&nbsp;Series 2006-B-A5 (3 mo. Term SOFR + 0.53%, 0.00% Floor) | 4.25% | 12/15/2039 | 2299561 |
|  | SOFI Alternative Trust |  |  |  |
| 714272 | &nbsp;&nbsp;&nbsp;Series 2021-1-PT2 | 9.72 %<sup>(a)(b)</sup> | 05/25/2030 | 693759 |
| 694883 | &nbsp;&nbsp;&nbsp;Series 2021-2-A | 1.25 %<sup>(a)</sup> | 08/15/2030 | 694761 |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2021-2-R1 | 0.00 %<sup>(a)(c)(e)</sup> | 08/15/2030 | 2521842 |
| 2286978 | &nbsp;&nbsp;&nbsp;Series 2021-3-A | 1.50 %<sup>(a)</sup> | 11/15/2030 | 2280463 |
| 950000 | &nbsp;&nbsp;&nbsp;Series 2021-3-R1 | 0.00 %<sup>(a)(c)(e)</sup> | 11/15/2030 | 4731141 |
|  | SoFi Consumer Loan Program Trust |  |  |  |
| 3452000 | &nbsp;&nbsp;&nbsp;Series 2025-1-C | 5.42 %<sup>(a)</sup> | 02/27/2034 | 3508515 |
| 14350000 | &nbsp;&nbsp;&nbsp;Series 2025-2-C | 5.22 %<sup>(a)</sup> | 06/25/2034 | 14494553 |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2025-2-D | 5.62 %<sup>(a)</sup> | 06/25/2034 | 5056487 |
| 26576817 | &nbsp;&nbsp;&nbsp;Series 2025-3-A | 4.47 %<sup>(a)</sup> | 08/15/2034 | 26660269 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | SoFi Professional Loan Program LLC |  |  |  |
| 17622232 | &nbsp;&nbsp;&nbsp;Series 2018-B-BFX | 3.83 %<sup>(a)</sup> | 08/25/2047 | 17191282 |
|  | Sprite/KY |  |  |  |
| 7956087 | &nbsp;&nbsp;&nbsp;Series 2021-1-A | 3.75 %<sup>(a)</sup> | 11/15/2046 | 7817086 |
|  | Stack Infrastructure Issuer LLC |  |  |  |
| 17050000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A2 | 5.00 %<sup>(a)</sup> | 05/25/2050 | 16872082 |
|  | Start/Bermuda |  |  |  |
| 7186337 | &nbsp;&nbsp;&nbsp;Series 2018-1-A | 4.09 %<sup>(a)</sup> | 05/15/2043 | 7188608 |
|  | Stellantis Financial Underwritten Enhanced Lease Trust |  |  |  |
| 10610000 | &nbsp;&nbsp;&nbsp;Series 2025-CA-A2 | 4.06 %<sup>(a)</sup> | 06/20/2028 | 10628364 |
| 8925000 | &nbsp;&nbsp;&nbsp;Series 2025-CA-B | 4.25 %<sup>(a)</sup> | 12/20/2029 | 8930152 |
|  | Stonepeak ABS |  |  |  |
| 1584530 | &nbsp;&nbsp;&nbsp;Series 2021-1A-A | 2.68 %<sup>(a)</sup> | 02/28/2033 | 1543374 |
| 3145518 | &nbsp;&nbsp;&nbsp;Series 2021-1A-B | 3.82 %<sup>(a)</sup> | 02/28/2033 | 3085696 |
|  | Subway Funding LLC |  |  |  |
| 19651500 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A23 | 6.51 %<sup>(a)</sup> | 07/30/2054 | 20353070 |
| 6197400 | &nbsp;&nbsp;&nbsp;Series 2024-3A-A23 | 5.91 %<sup>(a)</sup> | 07/30/2054 | 6167164 |
|  | Sunbird Engine Finance |  |  |  |
| 16555771 | &nbsp;&nbsp;&nbsp;Series 2020-1A-A | 3.67 %<sup>(a)</sup> | 02/15/2045 | 16354039 |
|  | Switch Ltd. |  |  |  |
| 24230000 | &nbsp;&nbsp;&nbsp;Series 2024-2A-A2 | 5.44 %<sup>(a)</sup> | 06/25/2054 | 24316016 |
| 8500000 | &nbsp;&nbsp;&nbsp;Series 2024-2A-B | 6.20 %<sup>(a)</sup> | 06/25/2054 | 8570349 |
| 3775000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-B | 6.49 %<sup>(a)</sup> | 03/25/2055 | 3818285 |
| 1750000 | &nbsp;&nbsp;&nbsp;Series 2025-2A-B | 6.24 %<sup>(a)</sup> | 10/25/2055 | 1755815 |
|  | Taco Bell Corp. |  |  |  |
| 7417875 | &nbsp;&nbsp;&nbsp;Series 2021-1A-A23 | 2.54 %<sup>(a)</sup> | 08/25/2051 | 6529176 |
|  | TAL Advantage LLC |  |  |  |
| 8975000 | &nbsp;&nbsp;&nbsp;Series 2020-1A-A | 2.05 %<sup>(a)</sup> | 09/20/2045 | 8601064 |
| 1907188 | &nbsp;&nbsp;&nbsp;Series 2020-1A-B | 3.29 %<sup>(a)</sup> | 09/20/2045 | 1836677 |
|  | Tesla Sustainable Energy Trust |  |  |  |
| 10010000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A3 | 5.29 %<sup>(a)</sup> | 06/20/2050 | 10064210 |
|  | Textainer Ltd. |  |  |  |
| 5152453 | &nbsp;&nbsp;&nbsp;Series 2020-1A-A | 2.73 %<sup>(a)</sup> | 08/21/2045 | 4997478 |
| 1701607 | &nbsp;&nbsp;&nbsp;Series 2020-2A-B | 3.34 %<sup>(a)</sup> | 09/20/2045 | 1627969 |
|  | Upgrade Master Pass-Thru Trust |  |  |  |
| 151943 | &nbsp;&nbsp;&nbsp;Series 2021-PT1-A | 10.79 %<sup>(a)(b)</sup> | 04/15/2027 | 149730 |
| 228463 | &nbsp;&nbsp;&nbsp;Series 2021-PT3-A | 15.69 %<sup>(a)(b)</sup> | 07/15/2027 | 217695 |
| 141786 | &nbsp;&nbsp;&nbsp;Series 2021-PT4-A | 10.26 %<sup>(a)(b)</sup> | 08/15/2027 | 129391 |
| 353688 | &nbsp;&nbsp;&nbsp;Series 2021-PT5-A | 19.54 %<sup>(a)(b)</sup> | 10/15/2027 | 338324 |
| 4217897 | &nbsp;&nbsp;&nbsp;Series 2025-ST1-A | 5.44 %<sup>(a)</sup> | 04/15/2032 | 4247529 |
| 8849399 | &nbsp;&nbsp;&nbsp;Series 2025-ST3-A | 5.98 %<sup>(a)</sup> | 06/15/2032 | 8957988 |
|  | Upstart Securitization Trust |  |  |  |
| 244743 | &nbsp;&nbsp;&nbsp;Series 2021-3-C | 3.28 %<sup>(a)</sup> | 07/20/2031 | 244307 |
| 5377874 | &nbsp;&nbsp;&nbsp;Series 2024-1-A | 5.33 %<sup>(a)</sup> | 11/20/2034 | 5400716 |
| 17394000 | &nbsp;&nbsp;&nbsp;Series 2025-2-B | 5.62 %<sup>(a)</sup> | 06/20/2035 | 17552557 |
| 16900000 | &nbsp;&nbsp;&nbsp;Series 2025-4-A2 | 4.56 %<sup>(a)</sup> | 11/20/2035 | 16927375 |
|  | Vantage Data Centers Holding LLC |  |  |  |
| 32425000 | &nbsp;&nbsp;&nbsp;Series 2020-2A-A2 | 1.99 %<sup>(a)</sup> | 09/15/2045 | 30890853 |
|  | Vault DI Issuer LLC |  |  |  |
| 17000000 | &nbsp;&nbsp;&nbsp;Series 2021-1A-A2 | 2.80 %<sup>(a)</sup> | 07/15/2046 | 16764672 |
|  | Vital Care Issuer LLC |  |  |  |
| 14000000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A2 | 6.74 %<sup>(a)</sup> | 01/30/2056 | 14160300 |
|  | Vivant Solar Financing V Parent LLC |  |  |  |
| 15034584 | &nbsp;&nbsp;&nbsp;Series 2018-1A-A | 4.73 %<sup>(a)</sup> | 04/30/2048 | 14532340 |
|  | Walker Parent, Inc. |  |  |  |
| 17955000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A2 | 6.58 %<sup>(a)</sup> | 11/20/2054 | 18175918 |
|  | Waterfall Commercial Mortgage Trust |  |  |  |
| 1560348 | &nbsp;&nbsp;&nbsp;Series 2015-SBC5-A | 4.10 %<sup>(a)(b)</sup> | 12/31/2026 | 1545936 |
|  | Wendy's SPV Guarantor LLC |  |  |  |
| 18477806 | &nbsp;&nbsp;&nbsp;Series 2019-1A-A2II | 4.08 %<sup>(a)</sup> | 06/15/2049 | 18025818 |
|  | Westlake Automobile Receivables Trust |  |  |  |
| 15000000 | &nbsp;&nbsp;&nbsp;Series 2024-3A-C | 4.92 %<sup>(a)</sup> | 11/15/2029 | 15114054 |
|  | Willis Lease Finance Corp. |  |  |  |
| 37065545 | &nbsp;&nbsp;&nbsp;Series 2020-A-A | 3.23 %<sup>(a)</sup> | 03/15/2045 | 35942904 |
| 5460000 | &nbsp;&nbsp;&nbsp;Series 2025-B-A | 5.16 %<sup>(a)</sup> | 12/15/2050 | 5485438 |
|  | Wingstop, Inc. |  |  |  |
| 10342500 | &nbsp;&nbsp;&nbsp;Series 2020-1A-A2 | 2.84 %<sup>(a)</sup> | 12/05/2050 | 10030858 |
|  | **Total Asset Backed Obligations (Cost $1,764,893,568)** | **Total Asset Backed Obligations (Cost $1,764,893,568)** | **Total Asset Backed Obligations (Cost $1,764,893,568)** | **1745853639** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **COLLATERALIZED LOAN OBLIGATIONS - 4.4%** | **COLLATERALIZED LOAN OBLIGATIONS - 4.4%** | **COLLATERALIZED LOAN OBLIGATIONS - 4.4%** | **COLLATERALIZED LOAN OBLIGATIONS - 4.4%** |  |
|  | Allegro CLO Ltd. |  |  |  |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2022-1A-A1R (3 mo. Term SOFR + 1.18%, 1.18% Floor) | 5.06 %<sup>(a)</sup> | 04/20/2038 | 5000427 |
| 30000000 | &nbsp;&nbsp;&nbsp;Series 2024-2A-A1 (3 mo. Term SOFR + 1.50%, 1.50% Floor) | 5.37 %<sup>(a)</sup> | 07/24/2037 | 30108000 |
|  | Anthelion CLO |  |  |  |
| 34000000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A1 (3 mo. Term SOFR + 1.50%, 1.50% Floor) | 5.82 %<sup>(a)</sup> | 07/20/2036 | 34119507 |
|  | Apidos CLO |  |  |  |
| 10450000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A1R (3 mo. Term SOFR + 1.25%, 1.25% Floor) | 5.38 %<sup>(a)</sup> | 10/25/2038 | 10481210 |
| 15000000 | &nbsp;&nbsp;&nbsp;Series 2024-48A-A1 (3 mo. Term SOFR + 1.44%, 1.44% Floor) | 5.30 %<sup>(a)</sup> | 07/25/2037 | 15057705 |
|  | Bain Capital Credit CLO |  |  |  |
| 20000000 | &nbsp;&nbsp;&nbsp;Series 2022-6A-A1R (3 mo. Term SOFR + 1.37%, 1.37% Floor) | 5.23 %<sup>(a)</sup> | 01/22/2038 | 20082400 |
| 15000000 | &nbsp;&nbsp;&nbsp;Series 2024-6A-A1 (3 mo. Term SOFR + 1.33%, 1.33% Floor) | 5.20 %<sup>(a)</sup> | 01/21/2038 | 15063390 |
|  | Balboa Bay Loan Funding Ltd. |  |  |  |
| 16000000 | &nbsp;&nbsp;&nbsp;Series 2025-2A-A1 (3 mo. Term SOFR + 1.25%, 1.25% Floor) | 4.98 %<sup>(a)</sup> | 01/20/2039 | 16000000 |
|  | Battalion CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2021-19A-B (3 mo. Term SOFR + 1.86%, 1.60% Floor) | 5.77 %<sup>(a)</sup> | 04/15/2034 | 1001508 |
|  | Benefit Street Partners CLO Ltd. |  |  |  |
| 14500000 | &nbsp;&nbsp;&nbsp;Series 2015-6BR-A1R (3 mo. Term SOFR + 1.18%, 1.18% Floor) | 5.06 %<sup>(a)</sup> | 04/20/2038 | 14501537 |
|  | Birch Grove CLO |  |  |  |
| 13500000 | &nbsp;&nbsp;&nbsp;Series 2023-5A-A1R (3 mo. Term SOFR + 1.41%, 1.41% Floor) | 5.29 %<sup>(a)</sup> | 10/20/2037 | 13550652 |
|  | Blackstone, Inc. |  |  |  |
| 15000000 | &nbsp;&nbsp;&nbsp;Series 2023-1A-A1R (3 mo. Term SOFR + 1.21%, 1.21% Floor) | 4.94 %<sup>(a)</sup> | 01/20/2039 | 15000000 |
|  | BlueMountain CLO Ltd. |  |  |  |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2018-2A-B (3 mo. Term SOFR + 1.96%, 1.70% Floor) | 5.81 %<sup>(a)</sup> | 08/15/2031 | 5009066 |
|  | Bridge Street CLO Ltd. |  |  |  |
| 166500000 | &nbsp;&nbsp;&nbsp;Series 2020-1A-A1R (3 mo. Term SOFR + 1.55%, 1.55% Floor) | 5.43 %<sup>(a)</sup> | 07/20/2037 | 167168098 |
| 39500000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A (3 mo. Term SOFR + 1.60%, 1.60% Floor) | 5.48 %<sup>(a)</sup> | 04/20/2037 | 39661199 |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A1 (3 mo. Term SOFR + 1.22%, 1.22% Floor) | 5.10 %<sup>(a)</sup> | 04/20/2038 | 10020508 |
|  | Canyon Capital CLO Ltd. |  |  |  |
| 2500000 | &nbsp;&nbsp;&nbsp;Series 2021-2A-B1 (3 mo. Term SOFR + 2.01%, 2.01% Floor) | 5.92 %<sup>(a)</sup> | 04/15/2034 | 2505150 |
|  | Capital Four US CLO Ltd. |  |  |  |
| 16500000 | &nbsp;&nbsp;&nbsp;Series 2021-1A-A (3 mo. Term SOFR + 1.47%, 1.21% Floor) | 5.36 %<sup>(a)</sup> | 01/18/2035 | 16519640 |
| 18000000 | &nbsp;&nbsp;&nbsp;Series 2022-1A-BR (3 mo. Term SOFR + 2.65%, 2.65% Floor) | 6.53 %<sup>(a)</sup> | 01/20/2037 | 18044050 |
|  | Carlyle Global Market Strategies |  |  |  |
| 28080000 | &nbsp;&nbsp;&nbsp;Series 2017-2A-AR2 (3 mo. Term SOFR + 1.49%, 1.49% Floor) | 5.37 %<sup>(a)</sup> | 07/20/2037 | 28189035 |
| 48000000 | &nbsp;&nbsp;&nbsp;Series 2021-7A-A1R (3 mo. Term SOFR + 1.20%, 1.20% Floor) | 5.10 %<sup>(a)</sup> | 04/15/2038 | 48025181 |
|  | CarVal CLO |  |  |  |
| 6000000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-B (3 mo. Term SOFR + 2.10%, 2.10% Floor) | 5.98 %<sup>(a)</sup> | 04/20/2037 | 6019601 |
|  | CBAM Ltd. |  |  |  |
| 18000000 | &nbsp;&nbsp;&nbsp;Series 2017-1A-AR2 (3 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.27 %<sup>(a)</sup> | 01/20/2038 | 18080392 |
| 11000000 | &nbsp;&nbsp;&nbsp;Series 2017-2A-BR (3 mo. Term SOFR + 2.11%, 1.85% Floor) | 5.99 %<sup>(a)</sup> | 07/17/2034 | 11009673 |
|  | Cedar Funding Ltd. |  |  |  |
| 39100000 | &nbsp;&nbsp;&nbsp;Series 2018-9A-AR (3 mo. Term SOFR + 1.42%, 1.42% Floor) | 5.30 %<sup>(a)</sup> | 07/20/2037 | 39246899 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2022-15A-B (3 mo. Term SOFR + 1.80%, 1.80% Floor) | 5.68 %<sup>(a)</sup> | 04/20/2035 | 2005373 |
|  | CIFC Funding Ltd. |  |  |  |
| 11500000 | &nbsp;&nbsp;&nbsp;Series 2022-3A-B (3 mo. Term SOFR + 2.00%, 2.00% Floor) | 5.87 %<sup>(a)</sup> | 04/21/2035 | 11531617 |
|  | Crown City CLO |  |  |  |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2020-1A-A1RR (3 mo. Term SOFR + 1.37%, 1.37% Floor) | 5.53 %<sup>(a)</sup> | 07/20/2038 | 10039280 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 2750000 | &nbsp;&nbsp;&nbsp;Series 2021-1A-A2 (3 mo. Term SOFR + 1.98%, 1.72% Floor) | 5.87 %<sup>(a)</sup> | 07/20/2034 | 2756140 |
| 17500000 | &nbsp;&nbsp;&nbsp;Series 2023-5A-A1R (3 mo. Term SOFR + 1.60%, 1.60% Floor) | 5.48 %<sup>(a)</sup> | 04/20/2037 | 17570332 |
| 90000000 | &nbsp;&nbsp;&nbsp;Series 2024-6A-A1 (3 mo. Term SOFR + 1.50%, 1.50% Floor) | 5.40 %<sup>(a)</sup> | 07/15/2037 | 90308079 |
|  | Empower CLO Ltd. |  |  |  |
| 20500000 | &nbsp;&nbsp;&nbsp;Series 2022-1A-A1R (3 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.27 %<sup>(a)</sup> | 10/20/2037 | 20586621 |
| 9000000 | &nbsp;&nbsp;&nbsp;Series 2023-3A-B (3 mo. Term SOFR + 2.55%, 2.55% Floor) | 6.43 %<sup>(a)</sup> | 01/20/2037 | 9024340 |
| 19000000 | &nbsp;&nbsp;&nbsp;Series 2024-2A-A1 (3 mo. Term SOFR + 1.52%, 1.52% Floor) | 5.42 %<sup>(a)</sup> | 07/15/2037 | 19070990 |
|  | Franklin Park Place CLO LLC |  |  |  |
| 22632000 | &nbsp;&nbsp;&nbsp;Series 2022-1A-AR (3 mo. Term SOFR + 1.25%, 1.25% Floor) | 5.16 %<sup>(a)</sup> | 04/14/2038 | 22688179 |
|  | Halcyon Loan Advisors Funding Ltd. |  |  |  |
| 1864634 | &nbsp;&nbsp;&nbsp;Series 2014-2A-D (3 mo. Term SOFR + 5.26%, 0.00% Floor) | 9.12 %<sup>(a)</sup> | 04/30/2026 | 248427 |
|  | Halsey Point CLO Ltd. |  |  |  |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2020-2A-AR (3 mo. Term SOFR + 1.52%, 1.52% Floor) | 5.40 %<sup>(a)</sup> | 07/20/2037 | 10037721 |
|  | Harvest US CLO |  |  |  |
| 20000000 | &nbsp;&nbsp;&nbsp;Series 2023-1A-B (3 mo. Term SOFR + 2.60%, 2.60% Floor) | 6.50 %<sup>(a)</sup> | 01/15/2037 | 20039630 |
|  | Jackson Financial, Inc. |  |  |  |
| 9500000 | &nbsp;&nbsp;&nbsp;Series 2022-6RA-BR (3 mo. Term SOFR + 2.75%, 2.75% Floor) | 6.63 %<sup>(a)</sup> | 01/20/2037 | 9518571 |
|  | Jamestown CLO Ltd. |  |  |  |
| 6000000 | &nbsp;&nbsp;&nbsp;Series 2018-11A-A2 (3 mo. Term SOFR + 1.96%, 0.00% Floor) | 5.87 %<sup>(a)</sup> | 07/14/2031 | 6004708 |
|  | Katayma CLO Ltd. |  |  |  |
| 25000000 | &nbsp;&nbsp;&nbsp;Series 2024-2A-A1 (3 mo. Term SOFR + 1.65%, 1.65% Floor) | 5.53 %<sup>(a)</sup> | 04/20/2037 | 25099240 |
|  | LCM LP |  |  |  |
| 1514809 | &nbsp;&nbsp;&nbsp;Series 17A-A2RR (3 mo. Term SOFR + 1.41%, 1.15% Floor) | 5.32 %<sup>(a)</sup> | 10/15/2031 | 1516290 |
|  | Marble Point CLO |  |  |  |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2020-1A-AR (3 mo. Term SOFR + 1.44%, 1.44% Floor) | 5.32 %<sup>(a)</sup> | 07/20/2037 | 5021220 |
| 20500000 | &nbsp;&nbsp;&nbsp;Series 2022-2A-A1RR (3 mo. Term SOFR + 1.19%, 1.19% Floor) | 5.07 %<sup>(a)</sup> | 10/20/2036 | 20507136 |
|  | Menlo CLO Ltd. |  |  |  |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A1 (3 mo. Term SOFR + 1.42%, 1.42% Floor) | 5.30 %<sup>(a)</sup> | 01/20/2038 | 10045324 |
|  | Nassau Global Credit LLC |  |  |  |
| 648784 | &nbsp;&nbsp;&nbsp;Series 2018-IA-A (3 mo. Term SOFR + 1.41%, 0.00% Floor) | 5.32 %<sup>(a)</sup> | 07/15/2031 | 649094 |
|  | OCP CLO Ltd. |  |  |  |
| 23500000 | &nbsp;&nbsp;&nbsp;Series 2017-13A-AR2 (3 mo. Term SOFR + 1.34%, 1.34% Floor) | 5.21 %<sup>(a)</sup> | 11/26/2037 | 23601637 |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2020-18A-A1R2 (3 mo. Term SOFR + 1.37%, 1.37% Floor) | 5.25 %<sup>(a)</sup> | 07/20/2037 | 5021010 |
|  | Octagon Credit Investors LLC |  |  |  |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A1 (3 mo. Term SOFR + 1.20%, 1.20% Floor) | 5.06 %<sup>(a)</sup> | 01/22/2038 | 10004045 |
|  | Park Blue CLO Ltd. |  |  |  |
| 7400000 | &nbsp;&nbsp;&nbsp;Series 2023-4A-B (3 mo. Term SOFR + 2.70%, 2.70% Floor) | 6.56 %<sup>(a)</sup> | 01/25/2037 | 7414274 |
| 21000000 | &nbsp;&nbsp;&nbsp;Series 2025-7A-A1 (3 mo. Term SOFR + 1.22%, 1.22% Floor) | 5.08 %<sup>(a)</sup> | 04/25/2038 | 21042871 |
|  | Peace Park CLO Ltd. |  |  |  |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2021-1A-AR (3 mo. Term SOFR + 1.25%, 1.25% Floor) | 5.13 %<sup>(a)</sup> | 10/20/2038 | 10029047 |
|  | Rockford Tower CLO Ltd. |  |  |  |
| 2525000 | &nbsp;&nbsp;&nbsp;Series 2018-2A-B (3 mo. Term SOFR + 2.06%, 1.80% Floor) | 5.95 %<sup>(a)</sup> | 10/20/2031 | 2528684 |
| 15000000 | &nbsp;&nbsp;&nbsp;Series 2022-3A-AR (3 mo. Term SOFR + 1.44%, 1.44% Floor) | 5.32 %<sup>(a)</sup> | 07/20/2037 | 15056565 |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A1 (3 mo. Term SOFR + 1.61%, 1.61% Floor) | 5.49 %<sup>(a)</sup> | 04/20/2037 | 10040580 |
|  | RR Ltd./Cayman Islands |  |  |  |
| 46000000 | &nbsp;&nbsp;&nbsp;Series 2020-8A-A1A2 (3 mo. Term SOFR + 1.23%, 1.23% Floor) | 4.98 %<sup>(a)</sup> | 01/15/2039 | 46110952 |
|  | Sound Point CLO Ltd. |  |  |  |
| 7741874 | &nbsp;&nbsp;&nbsp;Series 2013-3RA-A (3 mo. Term SOFR + 1.41%, 1.15% Floor) | 5.30 %<sup>(a)</sup> | 04/18/2031 | 7750030 |
| 18000000 | &nbsp;&nbsp;&nbsp;Series 2018-2A-C (3 mo. Term SOFR + 2.21%, 0.00% Floor) | 6.07 %<sup>(a)</sup> | 07/26/2031 | 18053611 |
| 10615018 | &nbsp;&nbsp;&nbsp;Series 2018-3A-A1AR (3 mo. Term SOFR + 1.30%, 1.30% Floor) | 5.16 %<sup>(a)</sup> | 10/26/2031 | 10628149 |
| 25250000 | &nbsp;&nbsp;&nbsp;Series 2020-2A-AR (3 mo. Term SOFR + 1.44%, 1.18% Floor) | 5.30 %<sup>(a)</sup> | 10/25/2034 | 25272025 |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2024-3A-A1 (3 mo. Term SOFR + 1.60%, 1.60% Floor) | 5.49 %<sup>(a)</sup> | 02/20/2037 | 10035611 |
| 20000000 | &nbsp;&nbsp;&nbsp;Series 2024-4A-A1 (3 mo. Term SOFR + 1.54%, 1.54% Floor) | 5.42 %<sup>(a)</sup> | 07/20/2037 | 20075472 |
| 11750000 | &nbsp;&nbsp;&nbsp;Series 2024-5A-A1 (3 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.27 %<sup>(a)</sup> | 10/20/2037 | 11796509 |
|  | Steele Creek CLO Ltd. |  |  |  |
| 1320885 | &nbsp;&nbsp;&nbsp;Series 2016-1A-AR (3 mo. Term SOFR + 1.38%, 1.12% Floor) | 5.10 %<sup>(a)</sup> | 06/15/2031 | 1321694 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Trestles CLO LLC |  |  |  |
| 15000000 | &nbsp;&nbsp;&nbsp;Series 2021-4A-AR1 (3 mo. Term SOFR + 1.28%, 1.28% Floor) | 5.07 %<sup>(a)</sup> | 10/30/2038 | 15045871 |
|  | Trestles LLC |  |  |  |
| 25000000 | &nbsp;&nbsp;&nbsp;Series 2023-6A-A1R (3 mo. Term SOFR + 1.18%, 1.18% Floor) | 5.04 %<sup>(a)</sup> | 04/25/2038 | 25001925 |
|  | Trimaran CAVU LLC |  |  |  |
| 20000000 | &nbsp;&nbsp;&nbsp;Series 2021-3A-A (3 mo. Term SOFR + 1.47%, 1.21% Floor) | 5.36 %<sup>(a)</sup> | 01/18/2035 | 20020866 |
|  | Unity-Peace Park CLO Ltd. |  |  |  |
| 15000000 | &nbsp;&nbsp;&nbsp;Series 2022-1A-B (3 mo. Term SOFR + 2.00%, 2.00% Floor) | 5.88 %<sup>(a)</sup> | 04/20/2035 | 15029929 |
|  | Vibrant CLO X Ltd. |  |  |  |
| 60500000 | &nbsp;&nbsp;&nbsp;Series 2018-10RA-A1 (3 mo. Term SOFR + 1.70%, 1.70% Floor) | 5.58 %<sup>(a)</sup> | 04/20/2036 | 60677604 |
|  | Warwick Capital CLO Ltd. |  |  |  |
| 18500000 | &nbsp;&nbsp;&nbsp;Series 2024-3A-A1 (3 mo. Term SOFR + 1.65%, 1.65% Floor) | 5.53 %<sup>(a)</sup> | 04/20/2037 | 18573510 |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2024-4A-A1 (3 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.28 %<sup>(a)</sup> | 07/20/2037 | 10043280 |
|  | Wellesley Park CLO Ltd. |  |  |  |
| 13500000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A (3 mo. Term SOFR + 1.20%, 1.20% Floor) | 5.11 %<sup>(a)</sup> | 01/24/2039 | 13514275 |
|  | **Total Collateralized Loan Obligations (Cost $1,344,379,081)** | **Total Collateralized Loan Obligations (Cost $1,344,379,081)** | **Total Collateralized Loan Obligations (Cost $1,344,379,081)** | **1347423166** |
| **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 8.0%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 8.0%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 8.0%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 8.0%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 8.0%** |
|  | 1211 Avenue of the Americas Trust |  |  |  |
| 3110000 | &nbsp;&nbsp;&nbsp;Series 2015-1211-A1A2 | 3.90 %<sup>(a)</sup> | 08/10/2035 | 3011646 |
|  | 1345 Trust |  |  |  |
| 10540000 | &nbsp;&nbsp;&nbsp;Series 2025-AOA-A (1 mo. Term SOFR + 1.60%, 1.60% Floor) | 5.35 %<sup>(a)</sup> | 06/15/2042 | 10588625 |
|  | 280 Park Avenue Mortgage Trust |  |  |  |
| 24890000 | &nbsp;&nbsp;&nbsp;Series 2017-280P-A (1 mo. Term SOFR + 1.18%, 1.13% Floor) | 4.96 %<sup>(a)</sup> | 09/15/2034 | 24815397 |
|  | ACREC Trust |  |  |  |
| 2626622 | &nbsp;&nbsp;&nbsp;Series 2021-FL1-A (1 mo. Term SOFR + 1.26%, 1.15% Floor) | 5.00 %<sup>(a)</sup> | 10/16/2036 | 2629911 |
| 16090000 | &nbsp;&nbsp;&nbsp;Series 2025-FL3-A (1 mo. Term SOFR + 1.31%, 1.31% Floor) | 5.04 %<sup>(a)</sup> | 08/18/2042 | 16110032 |
|  | ACRES Commercial Realty Ltd. |  |  |  |
| 25570000 | &nbsp;&nbsp;&nbsp;Series 2025-FL3-A (1 mo. Term SOFR + 1.62%, 1.62% Floor) | 5.35 %<sup>(a)</sup> | 08/18/2040 | 25663663 |
|  | Arbor Multifamily Mortgage Securities Trust |  |  |  |
| 21947000 | &nbsp;&nbsp;&nbsp;Series 2021-MF3-XB | 0.49 %<sup>(a)(b)(f)</sup> | 10/15/2054 | 572624 |
|  | Arbor Realty Collateralized Loan Obligation Ltd. |  |  |  |
| 9396000 | &nbsp;&nbsp;&nbsp;Series 2025-BTR1-A (1 mo. Term SOFR + 1.93%, 1.93% Floor) | 5.66 %<sup>(a)</sup> | 01/20/2041 | 9437248 |
|  | Arbor Realty Trust, Inc. |  |  |  |
| 123584955 | &nbsp;&nbsp;&nbsp;Series 2020-MF1-XA | 0.92 %<sup>(a)(b)(f)</sup> | 05/15/2053 | 3973182 |
| 5693234 | &nbsp;&nbsp;&nbsp;Series 2021-FL4-A (1 mo. Term SOFR + 1.46%, 1.46% Floor) | 5.21 %<sup>(a)</sup> | 11/15/2036 | 5700402 |
| 7310379 | &nbsp;&nbsp;&nbsp;Series 2022-FL1-A (30 day avg SOFR US + 1.45%, 1.45% Floor) | 5.43 %<sup>(a)</sup> | 01/15/2037 | 7319751 |
| 13200000 | &nbsp;&nbsp;&nbsp;Series 2025-FL1-A (1 mo. Term SOFR + 1.35%, 1.35% Floor) | 5.09 %<sup>(a)</sup> | 01/20/2043 | 13211101 |
|  | ARDN Mortgage Trust |  |  |  |
| 19240000 | &nbsp;&nbsp;&nbsp;Series 2025-ARCP-A (1 mo. Term SOFR + 1.75%, 1.75% Floor) | 5.50 %<sup>(a)</sup> | 06/15/2035 | 19302578 |
|  | AREIT Ltd. |  |  |  |
| 4930966 | &nbsp;&nbsp;&nbsp;Series 2024-CRE9-A (1 mo. Term SOFR + 1.69%, 1.69% Floor) | 5.44 %<sup>(a)</sup> | 05/17/2041 | 4937840 |
|  | AREIT Trust |  |  |  |
| 26120000 | &nbsp;&nbsp;&nbsp;Series 2025-CRE10-A (1 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.35 %<sup>(a)</sup> | 12/17/2029 | 26197524 |
|  | Banc of America Merrill Lynch Commercial Mortgage, Inc. |  |  |  |
| 2121000 | &nbsp;&nbsp;&nbsp;Series 2016-UB10-C | 4.87 %<sup>(b)</sup> | 07/15/2049 | 2058095 |
|  | BANK |  |  |  |
| 3554000 | &nbsp;&nbsp;&nbsp;Series 2017-BNK4-C | 4.37 %<sup>(b)</sup> | 05/15/2050 | 3169908 |
| 30765818 | &nbsp;&nbsp;&nbsp;Series 2017-BNK4-XA | 1.32 %<sup>(b)(f)</sup> | 05/15/2050 | 374685 |
| 4916000 | &nbsp;&nbsp;&nbsp;Series 2017-BNK5-B | 3.90 %<sup>(b)</sup> | 06/15/2060 | 4790613 |
| 63906211 | &nbsp;&nbsp;&nbsp;Series 2017-BNK5-XA | 0.94 %<sup>(b)(f)</sup> | 06/15/2060 | 704547 |
| 138660248 | &nbsp;&nbsp;&nbsp;Series 2018-BN10-XA | 0.68 %<sup>(b)(f)</sup> | 02/15/2061 | 1610719 |
| 31334000 | &nbsp;&nbsp;&nbsp;Series 2018-BN10-XD | 1.72 %<sup>(a)(b)(f)</sup> | 02/15/2061 | 1010681 |
| 2290000 | &nbsp;&nbsp;&nbsp;Series 2019-BN16-B | 4.44 %<sup>(b)</sup> | 02/15/2052 | 2182631 |
| 82066146 | &nbsp;&nbsp;&nbsp;Series 2019-BN16-XA | 0.93 %<sup>(b)(f)</sup> | 02/15/2052 | 1902786 |
| 13119665 | &nbsp;&nbsp;&nbsp;Series 2019-BN16-XD | 1.81 %<sup>(a)(b)(f)</sup> | 02/15/2052 | 650238 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 11541000 | &nbsp;&nbsp;&nbsp;Series 2019-BN17-XD | 1.59 %<sup>(a)(b)(f)</sup> | 04/15/2052 | 513894 |
| 43097000 | &nbsp;&nbsp;&nbsp;Series 2019-BN19-AS | 3.45% | 08/15/2061 | 39750841 |
| 17013666 | &nbsp;&nbsp;&nbsp;Series 2019-BN19-XD | 1.03 %<sup>(a)(b)(f)</sup> | 08/15/2061 | 552378 |
| 1099000 | &nbsp;&nbsp;&nbsp;Series 2019-BN20-AS | 3.24 %<sup>(b)</sup> | 09/15/2062 | 994810 |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2019-BN21-C | 3.52 %<sup>(b)</sup> | 10/17/2052 | 4351805 |
| 18082333 | &nbsp;&nbsp;&nbsp;Series 2019-BN22-XD | 0.95 %<sup>(a)(b)(f)</sup> | 11/15/2062 | 609064 |
| 26932000 | &nbsp;&nbsp;&nbsp;Series 2019-BN24-XD | 1.02 %<sup>(a)(b)(f)</sup> | 11/15/2062 | 974998 |
| 4270000 | &nbsp;&nbsp;&nbsp;Series 2020-BN27-A5 | 2.14% | 04/15/2063 | 3823803 |
| 62007000 | &nbsp;&nbsp;&nbsp;Series 2020-BN30-XB | 0.72 %<sup>(b)(f)</sup> | 12/15/2053 | 1866318 |
| 44438850 | &nbsp;&nbsp;&nbsp;Series 2021-BN32-XA | 0.76 %<sup>(b)(f)</sup> | 04/15/2054 | 1259837 |
| 112743000 | &nbsp;&nbsp;&nbsp;Series 2021-BN35-XB | 0.60 %<sup>(b)(f)</sup> | 06/15/2064 | 3383248 |
| 10388000 | &nbsp;&nbsp;&nbsp;Series 2021-BN38-XD | 0.72 %<sup>(a)(b)(f)</sup> | 12/15/2064 | 383339 |
| 7663000 | &nbsp;&nbsp;&nbsp;Series 2022-BNK40-XD | 0.89 %<sup>(a)(b)(f)</sup> | 03/15/2064 | 358151 |
| 120011823 | &nbsp;&nbsp;&nbsp;Series 2025-BNK50-XA | 0.34 %<sup>(b)(f)</sup> | 05/15/2068 | 3357331 |
|  | BANK5 Trust |  |  |  |
| 1167713 | &nbsp;&nbsp;&nbsp;Series 2023-5YR4-A3 | 6.50% | 12/15/2056 | 1229410 |
| 2467000 | &nbsp;&nbsp;&nbsp;Series 2024-5YR10-AS | 5.64% | 10/15/2057 | 2537917 |
| 8169000 | &nbsp;&nbsp;&nbsp;Series 2024-5YR10-B | 6.14 %<sup>(b)</sup> | 10/15/2057 | 8415179 |
| 1667000 | &nbsp;&nbsp;&nbsp;Series 2024-5YR10-C | 5.74 %<sup>(b)</sup> | 10/15/2057 | 1658780 |
| 11376000 | &nbsp;&nbsp;&nbsp;Series 2024-5YR6-A3 | 6.23% | 05/15/2057 | 11994028 |
| 122626024 | &nbsp;&nbsp;&nbsp;Series 2024-5YR6-XA | 0.74 %<sup>(a)(b)(f)</sup> | 05/15/2057 | 2808541 |
| 84891638 | &nbsp;&nbsp;&nbsp;Series 2024-5YR8-XA | 0.90 %<sup>(b)(f)</sup> | 08/15/2057 | 2383859 |
| 9640000 | &nbsp;&nbsp;&nbsp;Series 2025-5YR15-AS | 5.76 %<sup>(b)</sup> | 07/15/2058 | 10003064 |
| 4104000 | &nbsp;&nbsp;&nbsp;Series 2025-5YR16-AS | 5.75 %<sup>(b)</sup> | 08/15/2063 | 4252897 |
| 3535000 | &nbsp;&nbsp;&nbsp;Series 2025-5YR17-AS | 5.63 %<sup>(b)</sup> | 11/15/2058 | 3648878 |
| 16121000 | &nbsp;&nbsp;&nbsp;Series 2025-5YR18-A3 | 5.15% | 12/15/2058 | 16585393 |
|  | BBCMS Trust |  |  |  |
| 45454000 | &nbsp;&nbsp;&nbsp;Series 2018-CBM-A (1 mo. Term SOFR + 1.30%, 1.25% Floor) | 5.05 %<sup>(a)</sup> | 07/15/2037 | 44448098 |
| 9807000 | &nbsp;&nbsp;&nbsp;Series 2018-CBM-E (1 mo. Term SOFR + 3.85%, 3.55% Floor) | 7.60 %<sup>(a)</sup> | 07/15/2037 | 7146189 |
| 11799000 | &nbsp;&nbsp;&nbsp;Series 2020-C6-F5TB | 3.69 %<sup>(a)(b)</sup> | 02/15/2053 | 9165048 |
| 12497250 | &nbsp;&nbsp;&nbsp;Series 2020-C6-F5TC | 3.69 %<sup>(a)(b)</sup> | 02/15/2053 | 9301306 |
| 88053021 | &nbsp;&nbsp;&nbsp;Series 2020-C6-XA | 1.02 %<sup>(b)(f)</sup> | 02/15/2053 | 2949116 |
| 7424000 | &nbsp;&nbsp;&nbsp;Series 2020-C6-XD | 1.17 %<sup>(a)(b)(f)</sup> | 02/15/2053 | 325306 |
| 1437000 | &nbsp;&nbsp;&nbsp;Series 2020-C7-AS | 2.44% | 04/15/2053 | 1263754 |
| 1619000 | &nbsp;&nbsp;&nbsp;Series 2021-C11-ASB | 2.11% | 09/15/2054 | 1535598 |
| 34040000 | &nbsp;&nbsp;&nbsp;Series 2021-C11-XB | 0.95 %<sup>(b)(f)</sup> | 09/15/2054 | 1665792 |
| 129755733 | &nbsp;&nbsp;&nbsp;Series 2021-C9-XA | 1.55 %<sup>(b)(f)</sup> | 02/15/2054 | 8012624 |
| 68467000 | &nbsp;&nbsp;&nbsp;Series 2021-C9-XB | 0.98 %<sup>(b)(f)</sup> | 02/15/2054 | 2998170 |
| 12893000 | &nbsp;&nbsp;&nbsp;Series 2024-5C29-A3 | 5.21% | 09/15/2057 | 13259513 |
| 129972510 | &nbsp;&nbsp;&nbsp;Series 2024-5C31-XA | 1.06 %<sup>(b)(f)</sup> | 12/15/2057 | 4815429 |
| 7263000 | &nbsp;&nbsp;&nbsp;Series 2025-5C37-A3 | 5.02% | 09/15/2058 | 7435875 |
| 32244000 | &nbsp;&nbsp;&nbsp;Series 2025-5C38-A3 | 5.15% | 11/15/2058 | 33198503 |
| 5591000 | &nbsp;&nbsp;&nbsp;Series 2025-5C38-AS | 5.48% | 11/15/2058 | 5755517 |
| 39976000 | &nbsp;&nbsp;&nbsp;Series 2025-5C38-XA | 1.46 %<sup>(b)(f)</sup> | 11/15/2058 | 2471456 |
| 98423525 | &nbsp;&nbsp;&nbsp;Series 2025-C32-XA | 1.13 %<sup>(b)(f)</sup> | 02/15/2062 | 8090660 |
|  | BDS Ltd. |  |  |  |
| 6000000 | &nbsp;&nbsp;&nbsp;Series 2024-FL13-A (1 mo. Term SOFR + 1.58%, 1.58% Floor) | 5.31 %<sup>(a)</sup> | 09/19/2039 | 6020022 |
|  | Benchmark Mortgage Trust |  |  |  |
| 34367817 | &nbsp;&nbsp;&nbsp;Series 2018-B7-XA | 0.40 %<sup>(b)(f)</sup> | 05/15/2053 | 305640 |
| 26653186 | &nbsp;&nbsp;&nbsp;Series 2018-B8-XA | 0.61 %<sup>(b)(f)</sup> | 01/15/2052 | 374493 |
| 12985000 | &nbsp;&nbsp;&nbsp;Series 2019-B10-XD | 1.88 %<sup>(a)(b)(f)</sup> | 03/15/2062 | 706671 |
| 13924000 | &nbsp;&nbsp;&nbsp;Series 2019-B11-XD | 1.46 %<sup>(a)(b)(f)</sup> | 05/15/2052 | 609396 |
| 13870000 | &nbsp;&nbsp;&nbsp;Series 2019-B12-XD | 1.10 %<sup>(a)(b)(f)</sup> | 08/15/2052 | 465836 |
| 52294545 | &nbsp;&nbsp;&nbsp;Series 2019-B14-A2 | 2.91% | 12/15/2062 | 50744592 |
| 14907500 | &nbsp;&nbsp;&nbsp;Series 2019-B14-XD | 1.27 %<sup>(a)(b)(f)</sup> | 12/15/2062 | 678871 |
| 24552000 | &nbsp;&nbsp;&nbsp;Series 2019-B15-XD | 0.96 %<sup>(a)(b)(f)</sup> | 12/15/2072 | 824363 |
| 73003158 | &nbsp;&nbsp;&nbsp;Series 2019-B9-XA | 1.00 %<sup>(b)(f)</sup> | 03/15/2052 | 1811873 |
| 72467802 | &nbsp;&nbsp;&nbsp;Series 2020-B16-XA | 0.91 %<sup>(b)(f)</sup> | 02/15/2053 | 2052107 |
| 65879441 | &nbsp;&nbsp;&nbsp;Series 2020-B17-XA | 1.37 %<sup>(b)(f)</sup> | 03/15/2053 | 2614261 |
| 12580000 | &nbsp;&nbsp;&nbsp;Series 2020-B17-XD | 1.38 %<sup>(a)(b)(f)</sup> | 03/15/2053 | 621048 |
| 73860505 | &nbsp;&nbsp;&nbsp;Series 2020-B18-XA | 1.73 %<sup>(b)(f)</sup> | 07/15/2053 | 3633937 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 203408430 | &nbsp;&nbsp;&nbsp;Series 2020-B19-XA | 1.66 %<sup>(b)(f)</sup> | 09/15/2053 | 9412054 |
| 69710651 | &nbsp;&nbsp;&nbsp;Series 2020-B22-XA | 1.49 %<sup>(b)(f)</sup> | 01/15/2054 | 4169052 |
| 275367278 | &nbsp;&nbsp;&nbsp;Series 2020-IG1-XA | 0.51 %<sup>(b)(f)</sup> | 09/15/2043 | 4262961 |
| 230448814 | &nbsp;&nbsp;&nbsp;Series 2021-B24-XA | 1.13 %<sup>(b)(f)</sup> | 03/15/2054 | 9236849 |
| 117928189 | &nbsp;&nbsp;&nbsp;Series 2021-B28-XA | 1.24 %<sup>(b)(f)</sup> | 08/15/2054 | 5725767 |
| 59609000 | &nbsp;&nbsp;&nbsp;Series 2021-B28-XB | 0.95 %<sup>(b)(f)</sup> | 08/15/2054 | 2859956 |
| 66420000 | &nbsp;&nbsp;&nbsp;Series 2021-B29-XB | 0.70 %<sup>(b)(f)</sup> | 09/15/2054 | 2268203 |
| 358596439 | &nbsp;&nbsp;&nbsp;Series 2021-B30-XA | 0.79 %<sup>(b)(f)</sup> | 11/15/2054 | 13209115 |
| 15995000 | &nbsp;&nbsp;&nbsp;Series 2021-B31-XD | 1.14 %<sup>(a)(b)(f)</sup> | 12/15/2054 | 967642 |
| 13067000 | &nbsp;&nbsp;&nbsp;Series 2022-B32-XD | 1.52 %<sup>(a)(b)(f)</sup> | 01/15/2055 | 929876 |
| 10959500 | &nbsp;&nbsp;&nbsp;Series 2022-B33-XD | 1.61 %<sup>(a)(b)(f)</sup> | 03/15/2055 | 887690 |
| 7270000 | &nbsp;&nbsp;&nbsp;Series 2022-B34-XD | 1.82 %<sup>(a)(b)(f)</sup> | 04/15/2055 | 700842 |
| 1909000 | &nbsp;&nbsp;&nbsp;Series 2023-V3-AS | 7.10 %<sup>(b)</sup> | 07/15/2056 | 2016174 |
| 37520000 | &nbsp;&nbsp;&nbsp;Series 2024-V10-A3 | 5.28% | 09/15/2057 | 38647716 |
| 9000000 | &nbsp;&nbsp;&nbsp;Series 2024-V11-A3 | 5.91 %<sup>(b)</sup> | 11/15/2057 | 9465622 |
| 168342233 | &nbsp;&nbsp;&nbsp;Series 2024-V11-XA | 0.56 %<sup>(b)(f)</sup> | 11/15/2057 | 3367198 |
| 76876612 | &nbsp;&nbsp;&nbsp;Series 2024-V12-XA | 0.85 %<sup>(b)(f)</sup> | 12/15/2057 | 2417177 |
| 11735000 | &nbsp;&nbsp;&nbsp;Series 2024-V6-A3 | 5.93% | 03/15/2057 | 12267830 |
| 6966000 | &nbsp;&nbsp;&nbsp;Series 2024-V8-A2 | 5.71% | 07/15/2057 | 7256839 |
| 2279000 | &nbsp;&nbsp;&nbsp;Series 2024-V8-A3 | 6.19 %<sup>(b)</sup> | 07/15/2057 | 2408148 |
| 135926642 | &nbsp;&nbsp;&nbsp;Series 2024-V8-XA | 0.79 %<sup>(a)(b)(f)</sup> | 07/15/2057 | 3290050 |
| 21999000 | &nbsp;&nbsp;&nbsp;Series 2024-V9-A3 | 5.60% | 08/15/2057 | 22873979 |
| 13933678 | &nbsp;&nbsp;&nbsp;Series 2025-B41-XA | 1.00 %<sup>(b)(f)</sup> | 07/15/2068 | 1049695 |
| 5578000 | &nbsp;&nbsp;&nbsp;Series 2025-V15-AS | 6.17% | 06/15/2058 | 5860776 |
| 9210000 | &nbsp;&nbsp;&nbsp;Series 2025-V16-A3 | 5.44 %<sup>(b)</sup> | 08/15/2058 | 9578691 |
| 13175000 | &nbsp;&nbsp;&nbsp;Series 2025-V16-AS | 5.86 %<sup>(b)</sup> | 08/15/2058 | 13706348 |
| 8860000 | &nbsp;&nbsp;&nbsp;Series 2025-V17-A3 | 5.07% | 09/15/2058 | 9085432 |
| 922000 | &nbsp;&nbsp;&nbsp;Series 2025-V17-AM | 5.42 %<sup>(b)</sup> | 09/15/2058 | 943488 |
| 21077000 | &nbsp;&nbsp;&nbsp;Series 2025-V18-A3 | 5.18% | 10/15/2058 | 21723512 |
| 13202000 | &nbsp;&nbsp;&nbsp;Series 2025-V18-AS | 5.59% | 10/15/2058 | 13611030 |
| 150282970 | &nbsp;&nbsp;&nbsp;Series 2025-V18-XA | 1.26 %<sup>(a)(b)(f)</sup> | 10/15/2058 | 7935362 |
|  | BFLD Trust |  |  |  |
| 4860000 | &nbsp;&nbsp;&nbsp;Series 2025-EWEST-C (1 mo. Term SOFR + 2.10%, 2.10% Floor) | 5.85 %<sup>(a)</sup> | 06/15/2042 | 4869865 |
| 5420000 | &nbsp;&nbsp;&nbsp;Series 2025-FPM-A | 5.01 %<sup>(a)(b)</sup> | 10/10/2040 | 5487881 |
|  | BMO Mortgage Trust |  |  |  |
| 4656000 | &nbsp;&nbsp;&nbsp;Series 2024-5C3-A3 | 5.74% | 02/15/2057 | 4825707 |
| 17591000 | &nbsp;&nbsp;&nbsp;Series 2024-5C4-A3 | 6.53 %<sup>(b)</sup> | 05/15/2057 | 18676002 |
| 20804000 | &nbsp;&nbsp;&nbsp;Series 2024-5C6-A3 | 5.32% | 09/15/2057 | 21409565 |
| 20482000 | &nbsp;&nbsp;&nbsp;Series 2024-5C7-AS | 5.89 %<sup>(b)</sup> | 11/15/2057 | 21074085 |
| 111900018 | &nbsp;&nbsp;&nbsp;Series 2024-5C7-XA | 0.93 %<sup>(a)(b)(f)</sup> | 11/15/2057 | 3585109 |
| 113568093 | &nbsp;&nbsp;&nbsp;Series 2024-5C8-XA | 1.02 %<sup>(b)(f)</sup> | 12/15/2057 | 4198056 |
| 1608000 | &nbsp;&nbsp;&nbsp;Series 2025-5C10-AS | 5.95 %<sup>(b)</sup> | 05/15/2058 | 1672049 |
| 7371000 | &nbsp;&nbsp;&nbsp;Series 2025-5C11-AS | 5.94% | 07/15/2058 | 7677034 |
| 2944000 | &nbsp;&nbsp;&nbsp;Series 2025-5C12-AS | 5.56% | 10/15/2058 | 3020836 |
| 1794000 | &nbsp;&nbsp;&nbsp;Series 2025-5C9-A3 | 5.78 %<sup>(b)</sup> | 04/15/2058 | 1879390 |
| 154092222 | &nbsp;&nbsp;&nbsp;Series 2025-C11-XA | 1.10 %<sup>(b)(f)</sup> | 02/15/2058 | 12104252 |
|  | Bombardier Capital Mortgage Securitization Corp. |  |  |  |
| 4386000 | &nbsp;&nbsp;&nbsp;Series 2025-5C6-AS | 5.58 %<sup>(b)</sup> | 10/15/2058 | 4524517 |
| 56845063 | &nbsp;&nbsp;&nbsp;Series 2025-5C6-XA | 1.37 %<sup>(b)(f)</sup> | 10/15/2058 | 3161859 |
| 32707000 | &nbsp;&nbsp;&nbsp;Series 2025-5C7-A3 | 5.20% | 12/15/2058 | 33674627 |
| 9203000 | &nbsp;&nbsp;&nbsp;Series 2025-5C7-AS | 5.50% | 12/15/2058 | 9465943 |
| 4708000 | &nbsp;&nbsp;&nbsp;Series 2025-5C7-B | 5.86 %<sup>(b)</sup> | 12/15/2058 | 4856093 |
| 95094801 | &nbsp;&nbsp;&nbsp;Series 2025-5C7-XA | 1.44 %<sup>(b)(f)</sup> | 12/15/2058 | 5849224 |
|  | BPR Trust |  |  |  |
| 10166000 | &nbsp;&nbsp;&nbsp;Series 2021-TY-A (1 mo. Term SOFR + 1.16%, 1.05% Floor) | 4.92 %<sup>(a)</sup> | 09/15/2038 | 10164996 |
| 19026000 | &nbsp;&nbsp;&nbsp;Series 2025-STAR-A | 4.95 %<sup>(a)(b)</sup> | 11/05/2042 | 19161016 |
|  | BSPRT Co.-Issuer LLC |  |  |  |
| 15000000 | &nbsp;&nbsp;&nbsp;Series 2023-FL10-C (1 mo. Term SOFR + 3.97%, 3.97% Floor) | 7.72 %<sup>(a)</sup> | 09/15/2035 | 15069120 |
|  | BSTN Commercial Mortgage Trust |  |  |  |
| 16680000 | &nbsp;&nbsp;&nbsp;Series 2025-HUB-A | 4.90 %<sup>(a)(b)</sup> | 04/13/2041 | 16767587 |
|  | BX Trust |  |  |  |
| 53165000 | &nbsp;&nbsp;&nbsp;Series 2019-OC11-E | 3.94 %<sup>(a)(b)</sup> | 12/09/2041 | 49148820 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 326679000 | &nbsp;&nbsp;&nbsp;Series 2019-OC11-XB | 0.18 %<sup>(a)(b)(f)</sup> | 12/09/2041 | 2601802 |
| 3884093 | &nbsp;&nbsp;&nbsp;Series 2021-21M-A (1 mo. Term SOFR + 0.84%, 0.73% Floor) | 4.59 %<sup>(a)</sup> | 10/15/2036 | 3882458 |
| 2746474 | &nbsp;&nbsp;&nbsp;Series 2021-RISE-B (1 mo. Term SOFR + 1.36%, 1.25% Floor) | 5.11 %<sup>(a)</sup> | 11/15/2036 | 2745664 |
| 3302701 | &nbsp;&nbsp;&nbsp;Series 2021-RISE-D (1 mo. Term SOFR + 1.86%, 1.75% Floor) | 5.61 %<sup>(a)</sup> | 11/15/2036 | 3302440 |
| 12240000 | &nbsp;&nbsp;&nbsp;Series 2021-VIEW-A (1 mo. Term SOFR + 1.39%, 1.28% Floor) | 5.14 %<sup>(a)</sup> | 06/15/2036 | 12227393 |
| 3450000 | &nbsp;&nbsp;&nbsp;Series 2021-VIEW-F (1 mo. Term SOFR + 4.04%, 3.93% Floor) | 7.79 %<sup>(a)</sup> | 06/15/2036 | 3443825 |
| 2396714 | &nbsp;&nbsp;&nbsp;Series 2021-XL2-A (1 mo. Term SOFR + 0.80%, 0.69% Floor) | 4.55 %<sup>(a)</sup> | 10/15/2038 | 2396580 |
| 3633000 | &nbsp;&nbsp;&nbsp;Series 2021-XL2-C (1 mo. Term SOFR + 1.31%, 1.20% Floor) | 5.06 %<sup>(a)</sup> | 10/15/2038 | 3631704 |
| 2555000 | &nbsp;&nbsp;&nbsp;Series 2021-XL2-D (1 mo. Term SOFR + 1.51%, 1.40% Floor) | 5.26 %<sup>(a)</sup> | 10/15/2038 | 2554410 |
| 3514700 | &nbsp;&nbsp;&nbsp;Series 2021-XL2-E (1 mo. Term SOFR + 1.96%, 1.85% Floor) | 5.71 %<sup>(a)</sup> | 10/15/2038 | 3513809 |
| 2724400 | &nbsp;&nbsp;&nbsp;Series 2021-XL2-F (1 mo. Term SOFR + 2.36%, 2.24% Floor) | 6.11 %<sup>(a)</sup> | 10/15/2038 | 2723507 |
| 5320000 | &nbsp;&nbsp;&nbsp;Series 2022-LBA6-C (1 mo. Term SOFR + 1.60%, 1.60% Floor) | 5.35 %<sup>(a)</sup> | 01/15/2039 | 5320888 |
| 17820000 | &nbsp;&nbsp;&nbsp;Series 2022-LBA6-E (1 mo. Term SOFR + 2.70%, 2.70% Floor) | 6.45 %<sup>(a)</sup> | 01/15/2039 | 17820873 |
| 22627838 | &nbsp;&nbsp;&nbsp;Series 2024-AIRC-A (1 mo. Term SOFR + 1.69%, 1.69% Floor) | 5.44 %<sup>(a)</sup> | 08/15/2041 | 22700519 |
| 22338287 | &nbsp;&nbsp;&nbsp;Series 2025-ARIA-C | 5.52 %<sup>(a)(b)</sup> | 12/13/2042 | 22531274 |
| 11518584 | &nbsp;&nbsp;&nbsp;Series 2025-BCAT-A (1 mo. Term SOFR + 1.38%, 1.38% Floor) | 5.13 %<sup>(a)</sup> | 08/15/2042 | 11548841 |
| 1121193 | &nbsp;&nbsp;&nbsp;Series 2025-BCAT-D (1 mo. Term SOFR + 2.65%, 2.65% Floor) | 6.40 %<sup>(a)</sup> | 08/15/2042 | 1126820 |
|  | BXP Trust |  |  |  |
| 9818000 | &nbsp;&nbsp;&nbsp;Series 2017-GM-B | 3.42 %<sup>(a)(b)</sup> | 06/13/2039 | 9610760 |
|  | Cantor Commercial Real Estate Lending LP |  |  |  |
| 10105250 | &nbsp;&nbsp;&nbsp;Series 2019-CF2-XD | 1.39 %<sup>(a)(b)(f)</sup> | 11/15/2052 | 467552 |
| 11514000 | &nbsp;&nbsp;&nbsp;Series 2019-CF3-XD | 1.09 %<sup>(a)(b)(f)</sup> | 01/15/2053 | 436895 |
|  | CENT Trust |  |  |  |
| 35800000 | &nbsp;&nbsp;&nbsp;Series 2025-CITY-A | 4.92 %<sup>(a)(b)</sup> | 07/10/2040 | 36272195 |
|  | Century Plaza Towers |  |  |  |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2019-CPT-A | 2.87 %<sup>(a)</sup> | 11/13/2039 | 4646645 |
|  | CFCRE Commercial Mortgage Trust |  |  |  |
| 7155000 | &nbsp;&nbsp;&nbsp;Series 2016-C4-C | 4.84 %<sup>(b)</sup> | 05/10/2058 | 7088708 |
| 27895254 | &nbsp;&nbsp;&nbsp;Series 2016-C4-XA | 1.44 %<sup>(b)(f)</sup> | 05/10/2058 | 20709 |
|  | Citigroup Commercial Mortgage Trust |  |  |  |
| 1707328 | &nbsp;&nbsp;&nbsp;Series 2015-GC27-D | 4.38 %<sup>(a)(b)</sup> | 02/10/2048 | 1661116 |
| 5450000 | &nbsp;&nbsp;&nbsp;Series 2015-GC33-C | 4.34 %<sup>(b)</sup> | 09/10/2058 | 4770401 |
| 72370851 | &nbsp;&nbsp;&nbsp;Series 2016-C1-XA | 1.80 %<sup>(b)(f)</sup> | 05/10/2049 | 45239 |
| 56132119 | &nbsp;&nbsp;&nbsp;Series 2016-GC36-XA | 1.00 %<sup>(b)(f)</sup> | 02/10/2049 | 561 |
| 7976785 | &nbsp;&nbsp;&nbsp;Series 2016-GC37-XA | 1.48 %<sup>(b)(f)</sup> | 04/10/2049 | 80 |
| 58145770 | &nbsp;&nbsp;&nbsp;Series 2016-P3-XA | 1.64 %<sup>(b)(f)</sup> | 04/15/2049 | 31125 |
| 50901097 | &nbsp;&nbsp;&nbsp;Series 2016-P4-XA | 1.88 %<sup>(b)(f)</sup> | 07/10/2049 | 87652 |
| 75556548 | &nbsp;&nbsp;&nbsp;Series 2016-P5-XA | 1.31 %<sup>(b)(f)</sup> | 10/10/2049 | 209987 |
| 212109166 | &nbsp;&nbsp;&nbsp;Series 2017-B1-XA | 0.71 %<sup>(b)(f)</sup> | 08/15/2050 | 1756412 |
| 36159568 | &nbsp;&nbsp;&nbsp;Series 2017-P7-XA | 1.09 %<sup>(b)(f)</sup> | 04/14/2050 | 301737 |
| 15766000 | &nbsp;&nbsp;&nbsp;Series 2019-C7-XD | 1.17 %<sup>(a)(b)(f)</sup> | 12/15/2072 | 669177 |
| 13007000 | &nbsp;&nbsp;&nbsp;Series 2019-GC41-XD | 0.82 %<sup>(a)(b)(f)</sup> | 08/10/2056 | 340219 |
| 11280000 | &nbsp;&nbsp;&nbsp;Series 2019-GC43-XD | 0.60 %<sup>(a)(b)(f)</sup> | 11/10/2052 | 249747 |
| 3625000 | &nbsp;&nbsp;&nbsp;Series 2020-420K-D | 3.31 %<sup>(a)(b)</sup> | 11/10/2042 | 3276703 |
| 7800000 | &nbsp;&nbsp;&nbsp;Series 2020-420K-E | 3.31 %<sup>(a)(b)</sup> | 11/10/2042 | 6801336 |
| 2853000 | &nbsp;&nbsp;&nbsp;Series 2020-GC46-B | 3.15 %<sup>(b)</sup> | 02/15/2053 | 2527624 |
| 21133200 | &nbsp;&nbsp;&nbsp;Series 2020-GC46-XD | 1.05 %<sup>(a)(b)(f)</sup> | 02/15/2053 | 837695 |
| 16920000 | &nbsp;&nbsp;&nbsp;Series 2022-GC48-XD | 2.37 %<sup>(a)(b)(f)</sup> | 06/15/2055 | 2305839 |
|  | Citigroup/Deutsche Bank Commercial Mortgage Trust |  |  |  |
| 5161000 | &nbsp;&nbsp;&nbsp;Series 2016-C1-B | 4.20 %<sup>(b)</sup> | 05/10/2049 | 4863931 |
| 67519860 | &nbsp;&nbsp;&nbsp;Series 2016-C1-XA | 1.32 %<sup>(b)(f)</sup> | 05/10/2049 | 675 |
| 66638983 | &nbsp;&nbsp;&nbsp;Series 2017-CD4-XA | 1.21 %<sup>(b)(f)</sup> | 05/10/2050 | 658147 |
| 5723000 | &nbsp;&nbsp;&nbsp;Series 2017-CD6-B | 3.91 %<sup>(b)</sup> | 11/13/2050 | 5476312 |
| 5175000 | &nbsp;&nbsp;&nbsp;Series 2017-CD6-C | 4.27 %<sup>(b)</sup> | 11/13/2050 | 4911161 |
| 34768833 | &nbsp;&nbsp;&nbsp;Series 2017-CD6-XA | 0.89 %<sup>(b)(f)</sup> | 11/13/2050 | 400992 |
| 47159142 | &nbsp;&nbsp;&nbsp;Series 2020-C9-XA | 1.59 %<sup>(b)(f)</sup> | 09/15/2053 | 2004150 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Commercial Mortgage Pass Through Certificates |  |  |  |
| 13111308 | &nbsp;&nbsp;&nbsp;Series 2013-CR12-XA | 0.51 %<sup>(b)(f)</sup> | 10/10/2046 | 131 |
| 4345000 | &nbsp;&nbsp;&nbsp;Series 2014-CR16-C | 4.78 %<sup>(b)</sup> | 04/10/2047 | 4144044 |
| 10326905 | &nbsp;&nbsp;&nbsp;Series 2014-CR20-C | 4.67 %<sup>(b)</sup> | 11/10/2047 | 10000618 |
| 17822000 | &nbsp;&nbsp;&nbsp;Series 2015-DC1-C | 4.29 %<sup>(b)</sup> | 02/10/2048 | 15830757 |
| 25748669 | &nbsp;&nbsp;&nbsp;Series 2015-DC1-XA | 0.57 %<sup>(b)(f)</sup> | 02/10/2048 | 257 |
| 1180000 | &nbsp;&nbsp;&nbsp;Series 2016-DC2-B | 4.66 %<sup>(b)</sup> | 02/10/2049 | 1177232 |
| 1403000 | &nbsp;&nbsp;&nbsp;Series 2016-DC2-C | 4.66 %<sup>(b)</sup> | 02/10/2049 | 1394032 |
| 15800000 | &nbsp;&nbsp;&nbsp;Series 2018-COR3-XD | 1.75 %<sup>(a)(b)(f)</sup> | 05/10/2051 | 544951 |
| 18570000 | &nbsp;&nbsp;&nbsp;Series 2018-HCLV-A (1 mo. Term SOFR + 1.30%, 1.00% Floor) | 5.05 %<sup>(a)</sup> | 09/15/2033 | 17183790 |
|  | Computershare Corporate Trust |  |  |  |
| 1932776 | &nbsp;&nbsp;&nbsp;Series 2015-C27-C | 3.89% | 02/15/2048 | 1713192 |
| 3355125 | &nbsp;&nbsp;&nbsp;Series 2015-C31-C | 4.72 %<sup>(b)</sup> | 11/15/2048 | 3306266 |
| 1301123 | &nbsp;&nbsp;&nbsp;Series 2015-LC22-C | 4.73 %<sup>(b)</sup> | 09/15/2058 | 1240959 |
| 8438000 | &nbsp;&nbsp;&nbsp;Series 2015-NXS2-C | 3.85 %<sup>(b)</sup> | 07/15/2058 | 7807954 |
| 10085000 | &nbsp;&nbsp;&nbsp;Series 2016-C32-C | 4.68 %<sup>(b)</sup> | 01/15/2059 | 9615513 |
| 4250000 | &nbsp;&nbsp;&nbsp;Series 2016-C34-B | 4.09% | 06/15/2049 | 4066769 |
| 5890000 | &nbsp;&nbsp;&nbsp;Series 2016-LC24-C | 4.41 %<sup>(b)</sup> | 10/15/2049 | 5524297 |
| 689651 | &nbsp;&nbsp;&nbsp;Series 2016-NXS5-A6 | 3.64% | 01/15/2059 | 688390 |
| 93585759 | &nbsp;&nbsp;&nbsp;Series 2016-NXS6-XA | 1.54 %<sup>(b)(f)</sup> | 11/15/2049 | 239523 |
| 174817660 | &nbsp;&nbsp;&nbsp;Series 2017-C39-XA | 1.07 %<sup>(b)(f)</sup> | 09/15/2050 | 2324183 |
| 1904000 | &nbsp;&nbsp;&nbsp;Series 2017-C42-C | 4.30 %<sup>(b)</sup> | 12/15/2050 | 1738080 |
| 40573800 | &nbsp;&nbsp;&nbsp;Series 2017-C42-XA | 0.82 %<sup>(b)(f)</sup> | 12/15/2050 | 551723 |
| 1758000 | &nbsp;&nbsp;&nbsp;Series 2017-RC1-C | 4.59% | 01/15/2060 | 1699959 |
| 130905016 | &nbsp;&nbsp;&nbsp;Series 2018-C43-XA | 0.57 %<sup>(b)(f)</sup> | 03/15/2051 | 1439824 |
| 4335668 | &nbsp;&nbsp;&nbsp;Series 2019-C49-XD | 2.13 %<sup>(a)(b)(f)</sup> | 03/15/2052 | 252654 |
| 57929724 | &nbsp;&nbsp;&nbsp;Series 2019-C50-XA | 1.40 %<sup>(b)(f)</sup> | 05/15/2052 | 2009420 |
| 3193000 | &nbsp;&nbsp;&nbsp;Series 2019-C51-B | 3.84 %<sup>(b)</sup> | 06/15/2052 | 2823297 |
| 42098536 | &nbsp;&nbsp;&nbsp;Series 2019-C51-XA | 1.26 %<sup>(b)(f)</sup> | 06/15/2052 | 1517484 |
| 24972000 | &nbsp;&nbsp;&nbsp;Series 2019-C52-AS | 3.14% | 08/15/2052 | 23319688 |
| 67833269 | &nbsp;&nbsp;&nbsp;Series 2019-C52-XA | 1.57 %<sup>(b)(f)</sup> | 08/15/2052 | 2984942 |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2019-C53-C | 3.58 %<sup>(b)</sup> | 10/15/2052 | 4509622 |
| 8777333 | &nbsp;&nbsp;&nbsp;Series 2019-C53-XD | 1.48 %<sup>(a)(b)(f)</sup> | 10/15/2052 | 427647 |
| 128658033 | &nbsp;&nbsp;&nbsp;Series 2019-C54-XA | 0.83 %<sup>(b)(f)</sup> | 12/15/2052 | 3570556 |
| 6363333 | &nbsp;&nbsp;&nbsp;Series 2019-C54-XD | 1.38 %<sup>(a)(b)(f)</sup> | 12/15/2052 | 303764 |
| 28088000 | &nbsp;&nbsp;&nbsp;Series 2020-C55-AS | 2.94% | 02/15/2053 | 25954576 |
| 52886315 | &nbsp;&nbsp;&nbsp;Series 2020-C55-XB | 0.79 %<sup>(b)(f)</sup> | 02/15/2053 | 1911296 |
| 131309785 | &nbsp;&nbsp;&nbsp;Series 2020-C56-XA | 1.26 %<sup>(b)(f)</sup> | 06/15/2053 | 5638285 |
| 161592805 | &nbsp;&nbsp;&nbsp;Series 2021-C61-XA | 1.34 %<sup>(b)(f)</sup> | 11/15/2054 | 8256310 |
| 9132000 | &nbsp;&nbsp;&nbsp;Series 2021-C61-XD | 1.40 %<sup>(a)(b)(f)</sup> | 11/15/2054 | 630356 |
| 12450000 | &nbsp;&nbsp;&nbsp;Series 2025-5C5-AS | 5.92% | 07/15/2058 | 12947018 |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 147561481 | &nbsp;&nbsp;&nbsp;Series 2014-USA-X1 | 0.54 %<sup>(a)(b)(f)</sup> | 09/15/2037 | 1255025 |
| 3799000 | &nbsp;&nbsp;&nbsp;Series 2017-CALI-E | 3.78 %<sup>(a)(b)</sup> | 11/10/2032 | 610788 |
| 6050000 | &nbsp;&nbsp;&nbsp;Series 2017-CALI-F | 3.78 %<sup>(a)(b)</sup> | 11/10/2032 | 589639 |
| 5023595 | &nbsp;&nbsp;&nbsp;Series 2021-B33-A1 | 3.05 %<sup>(a)</sup> | 10/10/2043 | 4809568 |
| 18815500 | &nbsp;&nbsp;&nbsp;Series 2021-B33-A2 | 3.17 %<sup>(a)</sup> | 10/10/2043 | 16939168 |
| 105766403 | &nbsp;&nbsp;&nbsp;Series 2021-B33-X | 0.50 %<sup>(a)(b)(f)</sup> | 10/10/2043 | 2284322 |
|  | CSAIL Commercial Mortgage Trust |  |  |  |
| 9205000 | &nbsp;&nbsp;&nbsp;Series 2015-C3-B | 3.80 %<sup>(b)</sup> | 08/15/2048 | 8763114 |
| 1578501 | &nbsp;&nbsp;&nbsp;Series 2016-C5-C | 4.40 %<sup>(b)</sup> | 11/15/2048 | 1572490 |
| 20623275 | &nbsp;&nbsp;&nbsp;Series 2016-C6-XA | 1.75 %<sup>(b)(f)</sup> | 01/15/2049 | 206 |
| 11020000 | &nbsp;&nbsp;&nbsp;Series 2016-C7-B | 4.26 %<sup>(b)</sup> | 11/15/2049 | 10685396 |
| 125856268 | &nbsp;&nbsp;&nbsp;Series 2017-C8-XA | 1.05 %<sup>(b)(f)</sup> | 06/15/2050 | 1212575 |
| 4399000 | &nbsp;&nbsp;&nbsp;Series 2017-CX10-B | 3.89 %<sup>(b)</sup> | 11/15/2050 | 3984273 |
| 63806566 | &nbsp;&nbsp;&nbsp;Series 2017-CX10-XA | 0.84 %<sup>(b)(f)</sup> | 11/15/2050 | 814727 |
| 1886000 | &nbsp;&nbsp;&nbsp;Series 2018-C14-C | 4.88 %<sup>(b)</sup> | 11/15/2051 | 1734220 |
| 15894000 | &nbsp;&nbsp;&nbsp;Series 2019-C16-B | 3.88% | 06/15/2052 | 15214660 |
| 23291285 | &nbsp;&nbsp;&nbsp;Series 2019-C17-XA | 1.31 %<sup>(b)(f)</sup> | 09/15/2052 | 844626 |
| 7924000 | &nbsp;&nbsp;&nbsp;Series 2019-C18-B | 3.59% | 12/15/2052 | 7408660 |
| 214811468 | &nbsp;&nbsp;&nbsp;Series 2019-C18-XA | 0.99 %<sup>(b)(f)</sup> | 12/15/2052 | 6524211 |
| 192661484 | &nbsp;&nbsp;&nbsp;Series 2020-C19-XA | 1.09 %<sup>(b)(f)</sup> | 03/15/2053 | 6593030 |
| 81465000 | &nbsp;&nbsp;&nbsp;Series 2020-C19-XB | 0.08 %<sup>(b)(f)</sup> | 03/15/2053 | 282382 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | DOLP Trust |  |  |  |
| 11475000 | &nbsp;&nbsp;&nbsp;Series 2021-NYC-F | 3.70 %<sup>(a)(b)</sup> | 05/10/2041 | 8959790 |
|  | DTP Commercial Mortgage Trust |  |  |  |
| 2210000 | &nbsp;&nbsp;&nbsp;Series 2023-STE2-B | 5.79 %<sup>(a)(b)</sup> | 01/15/2041 | 2249104 |
|  | ELP Commercial Mortgage Trust |  |  |  |
| 3570000 | &nbsp;&nbsp;&nbsp;Series 2025-ELP-D | 5.43 %<sup>(a)(b)</sup> | 11/13/2042 | 3577709 |
| 2360000 | &nbsp;&nbsp;&nbsp;Series 2025-ELP-E | 6.45 %<sup>(a)(b)</sup> | 11/13/2042 | 2376641 |
|  | Franklin BSP Realty Trust, Inc. |  |  |  |
| 3544916 | &nbsp;&nbsp;&nbsp;Series 2022-FL8-A (30 day avg SOFR US + 1.50%, 1.50% Floor) | 5.48 %<sup>(a)</sup> | 02/15/2037 | 3549602 |
|  | FS Rialto |  |  |  |
| 26100000 | &nbsp;&nbsp;&nbsp;Series 2025-FL10-A (1 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.12 %<sup>(a)</sup> | 08/19/2042 | 26162457 |
|  | Granite Point Mortgage Trust, Inc. |  |  |  |
| 10703409 | &nbsp;&nbsp;&nbsp;Series 2021-FL4-A (1 mo. Term SOFR + 1.46%, 1.35% Floor) | 5.20 %<sup>(a)</sup> | 12/15/2036 | 10731345 |
|  | Great Wolf Trust |  |  |  |
| 15000000 | &nbsp;&nbsp;&nbsp;Series 2024-WLF2-A (1 mo. Term SOFR + 1.69%) | 5.44 %<sup>(a)</sup> | 05/15/2041 | 15060162 |
|  | Greystone Commercial Real Estate Notes |  |  |  |
| 500235 | &nbsp;&nbsp;&nbsp;Series 2021-FL3-A (1 mo. Term SOFR + 1.13%, 1.02% Floor) | 4.88 %<sup>(a)</sup> | 07/15/2039 | 501300 |
| 6250000 | &nbsp;&nbsp;&nbsp;Series 2021-FL3-B (1 mo. Term SOFR + 1.76%, 1.65% Floor) | 5.51 %<sup>(a)</sup> | 07/15/2039 | 6248581 |
|  | GS Mortgage Securities Corp. II |  |  |  |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2013-GC13-B | 3.86 %<sup>(a)(b)</sup> | 07/10/2046 | 2919838 |
| 4000000 | &nbsp;&nbsp;&nbsp;Series 2013-GC13-C | 3.86 %<sup>(a)(b)</sup> | 07/10/2046 | 3729707 |
| 12821455 | &nbsp;&nbsp;&nbsp;Series 2015-GC34-XA | 0.69 %<sup>(b)(f)</sup> | 10/10/2048 | 128 |
| 26819447 | &nbsp;&nbsp;&nbsp;Series 2016-GS2-XA | 1.64 %<sup>(b)(f)</sup> | 05/10/2049 | 268 |
| 233354631 | &nbsp;&nbsp;&nbsp;Series 2016-GS3-XA | 1.16 %<sup>(b)(f)</sup> | 10/10/2049 | 582850 |
| 42916218 | &nbsp;&nbsp;&nbsp;Series 2016-GS4-XA | 0.50 %<sup>(b)(f)</sup> | 11/10/2049 | 66898 |
| 169851317 | &nbsp;&nbsp;&nbsp;Series 2017-GS7-XA | 1.02 %<sup>(b)(f)</sup> | 08/10/2050 | 1968781 |
| 98700000 | &nbsp;&nbsp;&nbsp;Series 2017-GS7-XB | 0.29 %<sup>(b)(f)</sup> | 08/10/2050 | 473948 |
| 3443000 | &nbsp;&nbsp;&nbsp;Series 2018-GS10-WLSA | 4.90 %<sup>(a)(b)</sup> | 03/10/2033 | 851863 |
| 6834000 | &nbsp;&nbsp;&nbsp;Series 2018-GS10-WLSB | 4.90 %<sup>(a)(b)</sup> | 03/10/2033 | 715682 |
| 9287000 | &nbsp;&nbsp;&nbsp;Series 2018-GS10-WLSC | 4.90 %<sup>(a)(b)</sup> | 03/10/2033 | 922837 |
| 8990000 | &nbsp;&nbsp;&nbsp;Series 2018-GS10-WLSD | 4.90 %<sup>(a)(b)</sup> | 03/10/2033 | 846127 |
| 11236750 | &nbsp;&nbsp;&nbsp;Series 2018-GS10-WLSE | 4.90 %<sup>(a)(b)</sup> | 03/10/2033 | 969099 |
| 187881780 | &nbsp;&nbsp;&nbsp;Series 2018-GS9-XA | 0.41 %<sup>(b)(f)</sup> | 03/10/2051 | 1344989 |
| 15571000 | &nbsp;&nbsp;&nbsp;Series 2018-TWR-A (1 mo. Term SOFR + 1.20%, 0.90% Floor) | 4.95 %<sup>(a)</sup> | 07/15/2031 | 12094922 |
| 3897000 | &nbsp;&nbsp;&nbsp;Series 2018-TWR-D (1 mo. Term SOFR + 1.90%, 1.60% Floor) | 5.65 %<sup>(a)</sup> | 07/15/2031 | 550395 |
| 11950000 | &nbsp;&nbsp;&nbsp;Series 2018-TWR-E (1 mo. Term SOFR + 2.40%, 2.10% Floor) | 6.15 %<sup>(a)</sup> | 07/15/2031 | 1248602 |
| 11242000 | &nbsp;&nbsp;&nbsp;Series 2018-TWR-F (1 mo. Term SOFR + 3.10%, 2.80% Floor) | 6.85 %<sup>(a)</sup> | 07/15/2031 | 1056585 |
| 4648000 | &nbsp;&nbsp;&nbsp;Series 2018-TWR-G (1 mo. Term SOFR + 4.22%, 3.93% Floor) | 7.97 %<sup>(a)</sup> | 07/15/2031 | 388041 |
| 51524556 | &nbsp;&nbsp;&nbsp;Series 2019-GC38-XA | 1.01 %<sup>(b)(f)</sup> | 02/10/2052 | 1384841 |
| 12747250 | &nbsp;&nbsp;&nbsp;Series 2019-GC39-XA | 1.07 %<sup>(b)(f)</sup> | 05/10/2052 | 390342 |
| 21600000 | &nbsp;&nbsp;&nbsp;Series 2019-GSA1-XD | 1.00 %<sup>(a)(b)(f)</sup> | 11/10/2052 | 759875 |
| 168595672 | &nbsp;&nbsp;&nbsp;Series 2020-GC45-XA | 0.61 %<sup>(b)(f)</sup> | 02/13/2053 | 3393106 |
| 25009000 | &nbsp;&nbsp;&nbsp;Series 2020-GC45-XD | 0.64 %<sup>(a)(b)(f)</sup> | 02/13/2053 | 582147 |
| 52538908 | &nbsp;&nbsp;&nbsp;Series 2020-GSA2-XA | 1.66 %<sup>(a)(b)(f)</sup> | 12/12/2053 | 3216227 |
|  | Hilton USA Trust |  |  |  |
| 1650000 | &nbsp;&nbsp;&nbsp;Series 2016-HHV-C | 4.19 %<sup>(a)(b)</sup> | 11/05/2038 | 1641177 |
| 5692000 | &nbsp;&nbsp;&nbsp;Series 2016-SFP-A | 2.83 %<sup>(a)</sup> | 11/05/2035 | 4935072 |
|  | Hudson Yards Mortgage Trust |  |  |  |
| 8450000 | &nbsp;&nbsp;&nbsp;Series 2025-SPRL-A | 5.47 %<sup>(a)(b)</sup> | 01/13/2040 | 8768051 |
|  | ILPT Trust |  |  |  |
| 1846000 | &nbsp;&nbsp;&nbsp;Series 2025-LPF2-A | 5.29 %<sup>(a)(b)</sup> | 07/13/2042 | 1883860 |
|  | JP Morgan Chase Commercial Mortgage Securities |  |  |  |
| 241352 | &nbsp;&nbsp;&nbsp;Series 2007-CB20-X1 | 0.00 %<sup>(a)(b)(f)</sup> | 02/12/2051 |  |
| 8461646 | &nbsp;&nbsp;&nbsp;Series 2015-JP1-XA | 0.81 %<sup>(b)(f)</sup> | 01/15/2049 | 85 |
| 1725000 | &nbsp;&nbsp;&nbsp;Series 2017-JP5-C | 3.74 %<sup>(b)</sup> | 03/15/2050 | 1578321 |
| 9343000 | &nbsp;&nbsp;&nbsp;Series 2018-MINN-E (1 mo. Term SOFR + 2.80%, 3.50% Floor) | 6.55 %<sup>(a)</sup> | 11/15/2035 | 6849867 |
| 18869000 | &nbsp;&nbsp;&nbsp;Series 2019-COR4-XD | 2.02 %<sup>(a)(b)(f)</sup> | 03/10/2052 | 1030342 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 80456395 | &nbsp;&nbsp;&nbsp;Series 2019-COR5-XA | 1.43 %<sup>(b)(f)</sup> | 06/13/2052 | 2878657 |
| 8500000 | &nbsp;&nbsp;&nbsp;Series 2019-COR5-XD | 1.75 %<sup>(a)(b)(f)</sup> | 06/13/2052 | 424593 |
| 29530000 | &nbsp;&nbsp;&nbsp;Series 2020-NNN-EFX | 3.97 %<sup>(a)</sup> | 01/16/2037 | 10778450 |
|  | JPMBB Commercial Mortgage Securities Trust |  |  |  |
| 26646370 | &nbsp;&nbsp;&nbsp;Series 2014-C25-XA | 0.41 %<sup>(b)(f)</sup> | 11/15/2047 | 266 |
| 8236400 | &nbsp;&nbsp;&nbsp;Series 2015-C27-C | 4.31 %<sup>(b)</sup> | 02/15/2048 | 5600752 |
| 10425000 | &nbsp;&nbsp;&nbsp;Series 2015-C27-D | 3.81 %<sup>(a)(b)</sup> | 02/15/2048 | 2189250 |
| 1724416 | &nbsp;&nbsp;&nbsp;Series 2015-C28-C | 4.28 %<sup>(b)</sup> | 10/15/2048 | 1703575 |
| 15808661 | &nbsp;&nbsp;&nbsp;Series 2015-C30-XA | 0.00 %<sup>(b)(f)</sup> | 07/15/2048 | 158 |
| 18919937 | &nbsp;&nbsp;&nbsp;Series 2015-C32-XA | 0.99 %<sup>(b)(f)</sup> | 11/15/2048 | 189 |
| 7394000 | &nbsp;&nbsp;&nbsp;Series 2016-C1-C | 4.71 %<sup>(b)</sup> | 03/17/2049 | 7213135 |
| 4930751 | &nbsp;&nbsp;&nbsp;Series 2016-C1-XA | 1.05 %<sup>(b)(f)</sup> | 03/17/2049 | 49 |
|  | JPMDB Commercial Mortgage Securities Trust |  |  |  |
| 70932325 | &nbsp;&nbsp;&nbsp;Series 2016-C2-XA | 1.48 %<sup>(b)(f)</sup> | 06/15/2049 | 59917 |
| 127628413 | &nbsp;&nbsp;&nbsp;Series 2017-C5-XA | 0.89 %<sup>(b)(f)</sup> | 03/15/2050 | 678907 |
| 158315307 | &nbsp;&nbsp;&nbsp;Series 2017-C7-XA | 0.82 %<sup>(b)(f)</sup> | 10/15/2050 | 1775380 |
| 13604000 | &nbsp;&nbsp;&nbsp;Series 2019-COR6-AS | 3.41 %<sup>(b)</sup> | 11/13/2052 | 12108265 |
| 246039388 | &nbsp;&nbsp;&nbsp;Series 2020-COR7-XA | 1.64 %<sup>(b)(f)</sup> | 05/13/2053 | 11005539 |
|  | KREF |  |  |  |
| 18744584 | &nbsp;&nbsp;&nbsp;Series 2021-FL2-A (1 mo. Term SOFR + 1.18%, 1.07% Floor) | 4.92 %<sup>(a)</sup> | 02/15/2039 | 18783573 |
|  | LoanCore |  |  |  |
| 3500871 | &nbsp;&nbsp;&nbsp;Series 2022-CRE7-A (30 day avg SOFR US + 1.55%, 1.55% Floor) | 5.49 %<sup>(a)</sup> | 01/17/2037 | 3505524 |
| 26610000 | &nbsp;&nbsp;&nbsp;Series 2025-CRE8-A (1 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.12 %<sup>(a)</sup> | 08/17/2042 | 26646802 |
|  | LSTAR Commercial Mortgage Trust |  |  |  |
| 14705196 | &nbsp;&nbsp;&nbsp;Series 2017-5-X | 0.87 %<sup>(a)(b)(f)</sup> | 03/10/2050 | 83267 |
|  | M360 LLC |  |  |  |
| 675790 | &nbsp;&nbsp;&nbsp;Series 2021-CRE3-B (1 mo. Term SOFR + 2.36%, 2.25% Floor) | 6.10 %<sup>(a)</sup> | 11/22/2038 | 677626 |
|  | Madison Avenue Trust |  |  |  |
| 23260000 | &nbsp;&nbsp;&nbsp;Series 2025-11MD-C | 5.63 %<sup>(a)(b)</sup> | 10/15/2042 | 23503286 |
|  | Manhattan West |  |  |  |
| 5731000 | &nbsp;&nbsp;&nbsp;Series 2020-1MW-C | 2.33 %<sup>(a)(b)</sup> | 09/10/2039 | 5495433 |
|  | Merit |  |  |  |
| 388888 | &nbsp;&nbsp;&nbsp;Series 2021-STOR-E (1 mo. Term SOFR + 1.86%, 1.75% Floor) | 5.62 %<sup>(a)</sup> | 07/15/2038 | 388222 |
|  | MF1 Multifamily Housing Mortgage Loan Trust |  |  |  |
| 7596969 | &nbsp;&nbsp;&nbsp;Series 2022-FL8-A (1 mo. Term SOFR + 1.35%, 1.35% Floor) | 5.08 %<sup>(a)</sup> | 02/19/2037 | 7606427 |
| 6846205 | &nbsp;&nbsp;&nbsp;Series 2022-FL9-A (1 mo. Term SOFR + 2.15%, 2.15% Floor) | 5.88 %<sup>(a)</sup> | 06/19/2037 | 6857973 |
| 10660000 | &nbsp;&nbsp;&nbsp;Series 2024-FL15-A (1 mo. Term SOFR + 1.69%, 1.69% Floor) | 5.42 %<sup>(a)</sup> | 08/18/2041 | 10699229 |
| 26120000 | &nbsp;&nbsp;&nbsp;Series 2025-FL17-A (1 mo. Term SOFR + 1.32%, 1.32% Floor) | 5.05 %<sup>(a)</sup> | 02/18/2040 | 26190211 |
|  | MFT Trust |  |  |  |
| 9417000 | &nbsp;&nbsp;&nbsp;Series 2020-ABC-A | 3.36 %<sup>(a)</sup> | 02/10/2042 | 7589470 |
| 4317000 | &nbsp;&nbsp;&nbsp;Series 2020-ABC-B | 3.48 %<sup>(a)(b)</sup> | 02/10/2042 | 3248849 |
|  | Morgan Stanley ABS Capital I, Inc. |  |  |  |
| 15928520 | &nbsp;&nbsp;&nbsp;Series 2024-NSTB-A | 3.90 %<sup>(a)(b)</sup> | 09/24/2057 | 15741592 |
|  | Morgan Stanley Bank of America Merrill Lynch Trust |  |  |  |
| 9861910 | &nbsp;&nbsp;&nbsp;Series 2012-CKSV-CK | 4.16 %<sup>(a)(b)</sup> | 10/15/2030 | 8755808 |
| 7312842 | &nbsp;&nbsp;&nbsp;Series 2013-C11-AS | 4.08 %<sup>(b)</sup> | 08/15/2046 | 7086564 |
| 3327782 | &nbsp;&nbsp;&nbsp;Series 2013-C9-B | 3.71 %<sup>(b)</sup> | 05/15/2046 | 3242808 |
| 10286000 | &nbsp;&nbsp;&nbsp;Series 2015-C27-C | 4.36 %<sup>(b)</sup> | 12/15/2047 | 9960705 |
| 42305179 | &nbsp;&nbsp;&nbsp;Series 2016-C28-XA | 1.04 %<sup>(b)(f)</sup> | 01/15/2049 | 423 |
| 6032000 | &nbsp;&nbsp;&nbsp;Series 2016-C31-C | 4.24 %<sup>(b)</sup> | 11/15/2049 | 5487287 |
| 36088602 | &nbsp;&nbsp;&nbsp;Series 2017-C33-XA | 1.23 %<sup>(b)(f)</sup> | 05/15/2050 | 449552 |
| 19614000 | &nbsp;&nbsp;&nbsp;Series 2025-5C2-A3 | 5.11% | 11/15/2058 | 20120836 |
|  | Morgan Stanley Capital I, Inc. |  |  |  |
| 477996 | &nbsp;&nbsp;&nbsp;Series 2006-HQ10-X1 | 0.72 %<sup>(a)(b)(f)</sup> | 11/12/2041 | 5 |
| 124592755 | &nbsp;&nbsp;&nbsp;Series 2017-H1-XA | 1.29 %<sup>(b)(f)</sup> | 06/15/2050 | 1556986 |
| 4661000 | &nbsp;&nbsp;&nbsp;Series 2017-HR2-C | 4.31 %<sup>(b)</sup> | 12/15/2050 | 4465951 |
| 9386700 | &nbsp;&nbsp;&nbsp;Series 2019-H6-XD | 1.57 %<sup>(a)(b)(f)</sup> | 06/15/2052 | 439291 |
| 5305000 | &nbsp;&nbsp;&nbsp;Series 2019-H7-AS | 3.52% | 07/15/2052 | 5057469 |
| 71382516 | &nbsp;&nbsp;&nbsp;Series 2019-L2-XA | 0.99 %<sup>(b)(f)</sup> | 03/15/2052 | 1851577 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 3845000 | &nbsp;&nbsp;&nbsp;Series 2019-L3-AS | 3.49% | 11/15/2052 | 3650940 |
| 144672364 | &nbsp;&nbsp;&nbsp;Series 2019-L3-XA | 0.60 %<sup>(b)(f)</sup> | 11/15/2052 | 2885331 |
| 15090000 | &nbsp;&nbsp;&nbsp;Series 2019-L3-XD | 1.15 %<sup>(a)(b)(f)</sup> | 11/15/2052 | 595559 |
| 3355000 | &nbsp;&nbsp;&nbsp;Series 2019-NUGS-D (1 mo. Term SOFR + 1.91%, 3.30% Floor) | 5.67 %<sup>(a)</sup> | 12/15/2036 | 72244 |
| 6002000 | &nbsp;&nbsp;&nbsp;Series 2019-PLND-E (1 mo. Term SOFR + 2.26%, 2.15% Floor) | 6.02 %<sup>(a)</sup> | 05/15/2036 | 283973 |
| 2200000 | &nbsp;&nbsp;&nbsp;Series 2020-HR8-B | 2.70% | 07/15/2053 | 1910847 |
| 24004000 | &nbsp;&nbsp;&nbsp;Series 2020-L4-B | 3.08% | 02/15/2053 | 21807185 |
| 281201953 | &nbsp;&nbsp;&nbsp;Series 2020-L4-XA | 1.06 %<sup>(b)(f)</sup> | 02/15/2053 | 10337293 |
| 13625665 | &nbsp;&nbsp;&nbsp;Series 2020-L4-XD | 1.17 %<sup>(a)(b)(f)</sup> | 02/15/2053 | 581670 |
| 10779000 | &nbsp;&nbsp;&nbsp;Series 2021-L6-C | 3.43 %<sup>(b)</sup> | 06/15/2054 | 9164263 |
|  | MRCD Mortgage Trust |  |  |  |
| 7794000 | &nbsp;&nbsp;&nbsp;Series 2019-PARK-F | 2.72 %<sup>(a)</sup> | 12/15/2036 | 5260950 |
| 16270000 | &nbsp;&nbsp;&nbsp;Series 2019-PARK-G | 2.72 %<sup>(a)</sup> | 12/15/2036 | 8867150 |
|  | Multifamily Tax-Exempt Mortgage-backed Securities M-TEMS |  |  |  |
| 61195745 | &nbsp;&nbsp;&nbsp;Series 2021-2 | 0.83 %<sup>(b)</sup> | 03/25/2035 | 2360932 |
|  | Natixis Commercial Mortgage Securities Trust |  |  |  |
| 13188800 | &nbsp;&nbsp;&nbsp;Series 2020-2PAC-D | 3.75 %<sup>(a)</sup> | 12/15/2038 | 11760781 |
|  | NJ |  |  |  |
| 14239000 | &nbsp;&nbsp;&nbsp;Series 2025-WBRK-A | 5.87 %<sup>(a)(b)</sup> | 03/05/2035 | 14804886 |
|  | NXPT Commercial Mortgage Trust |  |  |  |
| 2890000 | &nbsp;&nbsp;&nbsp;Series 2024-STOR-B | 4.65 %<sup>(a)(b)</sup> | 11/05/2041 | 2880607 |
|  | NYC Commercial Mortgage Trust |  |  |  |
| 6770000 | &nbsp;&nbsp;&nbsp;Series 2025-3BP-A (1 mo. Term SOFR + 1.21%, 1.21% Floor) | 4.96 %<sup>(a)</sup> | 02/15/2042 | 6718670 |
|  | NYT Mortgage Trust |  |  |  |
| 16882000 | &nbsp;&nbsp;&nbsp;Series 2019-NYT-D (1 mo. Term SOFR + 2.30%, 2.00% Floor) | 6.05 %<sup>(a)</sup> | 12/15/2035 | 16106156 |
|  | ROCK Trust |  |  |  |
| 41015000 | &nbsp;&nbsp;&nbsp;Series 2024-CNTR-A | 5.39 %<sup>(a)</sup> | 11/13/2041 | 42173584 |
|  | SFO Commercial Mortgage Trust |  |  |  |
| 11621000 | &nbsp;&nbsp;&nbsp;Series 2021-555-A (1 mo. Term SOFR + 1.26%, 1.15% Floor) | 5.01 %<sup>(a)</sup> | 05/15/2038 | 11604425 |
| 2240000 | &nbsp;&nbsp;&nbsp;Series 2021-555-B (1 mo. Term SOFR + 1.61%, 1.50% Floor) | 5.36 %<sup>(a)</sup> | 05/15/2038 | 2231671 |
|  | SLG Office Trust |  |  |  |
| 37079000 | &nbsp;&nbsp;&nbsp;Series 2021-OVA-F | 2.85 %<sup>(a)</sup> | 07/15/2041 | 30487333 |
|  | SMR Mortgage Trust |  |  |  |
| 4131535 | &nbsp;&nbsp;&nbsp;Series 2022-IND-G (1 mo. Term SOFR + 7.50%, 7.50% Floor) | 11.25 %<sup>(a)</sup> | 02/15/2039 | 3815188 |
|  | SREIT Trust |  |  |  |
| 3014796 | &nbsp;&nbsp;&nbsp;Series 2021-MFP-A (1 mo. Term SOFR + 0.85%, 0.73% Floor) | 4.60 %<sup>(a)</sup> | 11/15/2038 | 3014158 |
| 4445860 | &nbsp;&nbsp;&nbsp;Series 2021-MFP-E (1 mo. Term SOFR + 2.14%, 2.03% Floor) | 5.89 %<sup>(a)</sup> | 11/15/2038 | 4447346 |
| 16175000 | &nbsp;&nbsp;&nbsp;Series 2021-MFP2-A (1 mo. Term SOFR + 0.94%, 0.82% Floor) | 4.69 %<sup>(a)</sup> | 11/15/2036 | 16173457 |
| 3610000 | &nbsp;&nbsp;&nbsp;Series 2021-MFP2-C (1 mo. Term SOFR + 1.49%, 1.37% Floor) | 5.24 %<sup>(a)</sup> | 11/15/2036 | 3610066 |
|  | Starwood Property Trust, Inc. |  |  |  |
| 16589870 | &nbsp;&nbsp;&nbsp;Series 2021-FL2-A (1 mo. Term SOFR + 1.31%, 1.20% Floor) | 5.05 %<sup>(a)</sup> | 04/18/2038 | 16611305 |
|  | STDIO Commercial Mortgage Trust |  |  |  |
| 7712000 | &nbsp;&nbsp;&nbsp;Series 2025-RLGH-A | 5.54 %<sup>(a)(b)</sup> | 09/15/2038 | 7740841 |
|  | TCO Commercial Mortgage Trust |  |  |  |
| 2490000 | &nbsp;&nbsp;&nbsp;Series 2024-DPM-C (1 mo. Term SOFR + 1.99%, 1.99% Floor) | 5.74 %<sup>(a)</sup> | 12/15/2039 | 2497427 |
|  | TPG Real Estate Finance Issuer Ltd. |  |  |  |
| 14968705 | &nbsp;&nbsp;&nbsp;Series 2022-FL5-A (1 mo. Term SOFR + 1.65%, 1.65% Floor) | 5.39 %<sup>(a)</sup> | 02/15/2039 | 14987341 |
| 26180000 | &nbsp;&nbsp;&nbsp;Series 2025-FL6-A (1 mo. Term SOFR + 1.54%, 1.54% Floor) | 5.27 %<sup>(a)</sup> | 09/18/2042 | 26267755 |
|  | UBS Commercial Mortgage Trust |  |  |  |
| 8000000 | &nbsp;&nbsp;&nbsp;Series 2017-C1-C | 4.44% | 06/15/2050 | 7499374 |
| 69200442 | &nbsp;&nbsp;&nbsp;Series 2017-C1-XA | 1.45 %<sup>(b)(f)</sup> | 06/15/2050 | 873746 |
| 1124000 | &nbsp;&nbsp;&nbsp;Series 2017-C2-C | 4.30 %<sup>(b)</sup> | 08/15/2050 | 1071835 |
| 6857000 | &nbsp;&nbsp;&nbsp;Series 2017-C3-B | 4.09 %<sup>(b)</sup> | 08/15/2050 | 6604976 |
| 9668705 | &nbsp;&nbsp;&nbsp;Series 2017-C3-XA | 1.07 %<sup>(b)(f)</sup> | 08/15/2050 | 107286 |
| 3561000 | &nbsp;&nbsp;&nbsp;Series 2017-C4-B | 4.24 %<sup>(b)</sup> | 10/15/2050 | 3425866 |
| 544000 | &nbsp;&nbsp;&nbsp;Series 2017-C7-A4 | 3.68% | 12/15/2050 | 539680 |
| 1020000 | &nbsp;&nbsp;&nbsp;Series 2018-C11-B | 4.71 %<sup>(b)</sup> | 06/15/2051 | 970822 |
| 2854000 | &nbsp;&nbsp;&nbsp;Series 2018-C13-B | 4.79 %<sup>(b)</sup> | 10/15/2051 | 2735861 |
| 37234723 | &nbsp;&nbsp;&nbsp;Series 2018-C9-XA | 0.91 %<sup>(b)(f)</sup> | 03/15/2051 | 612578 |
| 8350000 | &nbsp;&nbsp;&nbsp;Series 2019-C17-AS | 3.20% | 10/15/2052 | 7803664 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 12767000 | &nbsp;&nbsp;&nbsp;Series 2019-C17-XD | 1.75 %<sup>(a)(b)(f)</sup> | 10/15/2052 | 743301 |
| 14858000 | &nbsp;&nbsp;&nbsp;Series 2019-C18-AS | 3.38 %<sup>(b)</sup> | 12/15/2052 | 13820127 |
| 9705000 | &nbsp;&nbsp;&nbsp;Series 2019-C18-B | 3.68 %<sup>(b)</sup> | 12/15/2052 | 8668226 |
| 11574000 | &nbsp;&nbsp;&nbsp;Series 2019-C18-XD | 1.42 %<sup>(a)(b)(f)</sup> | 12/15/2052 | 568606 |
|  | UBS-Barclays Commercial Mortgage Trust |  |  |  |
| 6117000 | &nbsp;&nbsp;&nbsp;Series 2019-C3-XD | 1.77 %<sup>(a)(b)(f)</sup> | 05/15/2052 | 316309 |
| 162666675 | &nbsp;&nbsp;&nbsp;Series 2019-C4-XA | 1.51 %<sup>(b)(f)</sup> | 08/15/2052 | 6741460 |
| 13091000 | &nbsp;&nbsp;&nbsp;Series 2019-C4-XD | 1.12 %<sup>(a)(b)(f)</sup> | 08/15/2052 | 475641 |
| 64441815 | &nbsp;&nbsp;&nbsp;Series 2019-C5-XA | 0.85 %<sup>(b)(f)</sup> | 11/15/2052 | 1546140 |
| 14866000 | &nbsp;&nbsp;&nbsp;Series 2019-C5-XD | 1.32 %<sup>(a)(b)(f)</sup> | 11/15/2052 | 655317 |
|  | VEGAS Trust |  |  |  |
| 27383000 | &nbsp;&nbsp;&nbsp;Series 2024-TI-A | 5.52 %<sup>(a)</sup> | 11/10/2039 | 27768421 |
|  | Wells Fargo Commercial Mortgage Trust |  |  |  |
| 6516000 | &nbsp;&nbsp;&nbsp;Series 2024-5C1-A3 | 5.93% | 07/15/2057 | 6826618 |
| 117897254 | &nbsp;&nbsp;&nbsp;Series 2024-5C1-XA | 1.03 %<sup>(b)(f)</sup> | 07/15/2057 | 3756466 |
| 635000 | &nbsp;&nbsp;&nbsp;Series 2024-5C2-AS | 6.14 %<sup>(b)</sup> | 11/15/2057 | 666707 |
| 1250000 | &nbsp;&nbsp;&nbsp;Series 2025-5C3-AS | 6.39 %<sup>(b)</sup> | 01/15/2058 | 1322688 |
| 3930000 | &nbsp;&nbsp;&nbsp;Series 2025-5C4-A3 | 5.67% | 05/15/2058 | 4110865 |
| 69306377 | &nbsp;&nbsp;&nbsp;Series 2025-5C4-XA | 1.12 %<sup>(b)(f)</sup> | 05/15/2058 | 2989503 |
| 15140000 | &nbsp;&nbsp;&nbsp;Series 2025-AGLN-A (1 mo. Term SOFR + 1.64%, 1.64% Floor) | 5.39 %<sup>(a)</sup> | 07/15/2037 | 15183481 |
| 64351482 | &nbsp;&nbsp;&nbsp;Series 2025-C64-XA | 1.02 %<sup>(b)(f)</sup> | 02/15/2058 | 4626138 |
|  | WF-RBS Commercial Mortgage Trust |  |  |  |
| 7220646 | &nbsp;&nbsp;&nbsp;Series 2014-C21-B | 4.21 %<sup>(b)</sup> | 08/15/2047 | 7069031 |
|  | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $3,092,846,790)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $3,092,846,790)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $3,092,846,790)** | **2461884148** |
| **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 24.0%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 24.0%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 24.0%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 24.0%** |  |
|  | Accredited Mortgage Loan Trust |  |  |  |
| 12875000 | &nbsp;&nbsp;&nbsp;Series 2006-1-M2 (1 mo. Term SOFR + 0.45%, 0.34% Floor) | 1.50% | 04/25/2036 | 10479318 |
|  | ACE Securities Corp. |  |  |  |
| 1431671 | &nbsp;&nbsp;&nbsp;Series 2007-ASP1-A2C (1 mo. Term SOFR + 0.63%, 0.52% Floor) | 4.37% | 03/25/2037 | 587816 |
| 9112504 | &nbsp;&nbsp;&nbsp;Series 2007-HE1-A2B (1 mo. Term SOFR + 0.35%, 0.24% Floor) | 4.09% | 01/25/2037 | 5580145 |
| 2123428 | &nbsp;&nbsp;&nbsp;Series 2007-HE1-A2C (1 mo. Term SOFR + 0.45%, 0.34% Floor) | 4.19% | 01/25/2037 | 1300276 |
| 1990714 | &nbsp;&nbsp;&nbsp;Series 2007-HE1-A2D (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 4.35% | 01/25/2037 | 1218964 |
| 67063721 | &nbsp;&nbsp;&nbsp;Series 2007-WM1-A1A (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 4.13% | 11/25/2036 | 18993418 |
| 3668183 | &nbsp;&nbsp;&nbsp;Series 2007-WM1-A2A (1 mo. Term SOFR + 0.25%, 0.14% Floor) | 3.99% | 11/25/2036 | 1512879 |
| 3965591 | &nbsp;&nbsp;&nbsp;Series 2007-WM1-A2D (1 mo. Term SOFR + 0.55%, 0.44% Floor) | 4.29% | 11/25/2036 | 1634649 |
| 2504412 | &nbsp;&nbsp;&nbsp;Series 2007-WM2-A2C (1 mo. Term SOFR + 0.67%, 0.56% Floor) | 4.41% | 02/25/2037 | 1039861 |
| 2195520 | &nbsp;&nbsp;&nbsp;Series 2007-WM2-A2D (1 mo. Term SOFR + 0.85%, 0.74% Floor) | 4.59% | 02/25/2037 | 911550 |
|  | Adamas Trust, Inc. |  |  |  |
| 170439 | &nbsp;&nbsp;&nbsp;Series 2005-2-A (1 mo. Term SOFR + 0.77%, 0.66% Floor, 10.50% Cap) | 4.51% | 08/25/2035 | 159120 |
|  | Adjustable Rate Mortgage Trust |  |  |  |
| 2228979 | &nbsp;&nbsp;&nbsp;Series 2004-4-CB1 (1 mo. Term SOFR + 1.26%, 1.15% Floor, 10.00% Cap) | 5.00% | 03/25/2035 | 1969770 |
| 16429123 | &nbsp;&nbsp;&nbsp;Series 2005-11-4A1 | 4.92 %<sup>(b)</sup> | 02/25/2036 | 8364527 |
| 1067257 | &nbsp;&nbsp;&nbsp;Series 2005-4-2A1 | 6.50 %<sup>(b)</sup> | 08/25/2035 | 1013049 |
| 89541 | &nbsp;&nbsp;&nbsp;Series 2005-7-3A1 | 4.86 %<sup>(b)</sup> | 10/25/2035 | 86297 |
| 3309148 | &nbsp;&nbsp;&nbsp;Series 2005-8-3A21 | 4.77 %<sup>(b)</sup> | 11/25/2035 | 2320863 |
| 9803220 | &nbsp;&nbsp;&nbsp;Series 2006-2-5A1 | 4.50 %<sup>(b)</sup> | 05/25/2036 | 1628529 |
| 4101820 | &nbsp;&nbsp;&nbsp;Series 2007-1-3A1 | 4.89 %<sup>(b)</sup> | 03/25/2037 | 3839079 |
| 754675 | &nbsp;&nbsp;&nbsp;Series 2007-3-1A1 | 5.04 %<sup>(a)(b)</sup> | 11/25/2037 | 742914 |
|  | Aegis Asset Backed Securities Trust |  |  |  |
| 800034 | &nbsp;&nbsp;&nbsp;Series 2004-1-M2 (1 mo. Term SOFR + 2.14%, 2.03% Floor) | 5.88% | 04/25/2034 | 850456 |
| 590366 | &nbsp;&nbsp;&nbsp;Series 2004-2-M2 (1 mo. Term SOFR + 2.06%, 1.95% Floor) | 5.80% | 06/25/2034 | 576179 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 2516335 | &nbsp;&nbsp;&nbsp;Series 2004-6-M2 (1 mo. Term SOFR + 1.11%, 1.00% Floor, 15.00% Cap) | 4.85% | 03/25/2035 | 2418607 |
| 8104495 | &nbsp;&nbsp;&nbsp;Series 2006-1-A2 (1 mo. Term SOFR + 0.45%, 0.34% Floor, 12.00% Cap) | 4.19% | 01/25/2037 | 6198160 |
|  | AlphaFlow Transitional Mortgage Trust |  |  |  |
| 3290295 | &nbsp;&nbsp;&nbsp;Series 2021-WL1-A1 | 3.28 %<sup>(a)(d)</sup> | 01/25/2026 | 3137816 |
|  | American Home Mortgage Assets LLC |  |  |  |
| 2394853 | &nbsp;&nbsp;&nbsp;Series 2006-2-2A1 (1 mo. Term SOFR + 0.49%, 0.38% Floor) | 4.23% | 09/25/2046 | 2320654 |
|  | American Home Mortgage Investment Trust |  |  |  |
| 2472878 | &nbsp;&nbsp;&nbsp;Series 2005-4-3A1 (1 mo. Term SOFR + 0.71%, 0.60% Floor, 11.00% Cap) | 4.45% | 11/25/2045 | 1763198 |
| 11201691 | &nbsp;&nbsp;&nbsp;Series 2005-4-5A (6 mo. Term SOFR + 2.18%, 1.75% Floor, 11.00% Cap) | 5.88% | 11/25/2045 | 4363622 |
| 2146383 | &nbsp;&nbsp;&nbsp;Series 2006-2-3A4 | 7.10 %<sup>(d)</sup> | 06/25/2036 | 292396 |
| 7248123 | &nbsp;&nbsp;&nbsp;Series 2007-A-13A1 | 6.60 %<sup>(a)(d)</sup> | 01/25/2037 | 991068 |
|  | Ameriquest Mortgage Securities, Inc. |  |  |  |
| 457195 | &nbsp;&nbsp;&nbsp;Series 2004-FR1-M1 | 3.70 %<sup>(d)</sup> | 05/25/2034 | 455307 |
|  | Amortizing Residential Collateral Trust |  |  |  |
| 4005366 | &nbsp;&nbsp;&nbsp;Series 2002-BC7-M1 (1 mo. Term SOFR + 1.31%, 1.20% Floor) | 5.05% | 10/25/2032 | 3058622 |
|  | AMSR Trust |  |  |  |
| 6500000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR3-E1 | 2.33 %<sup>(a)</sup> | 10/17/2038 | 6348086 |
| 11000000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR3-E2 | 2.43 %<sup>(a)</sup> | 10/17/2038 | 10742890 |
| 18500000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR3-F | 3.23 %<sup>(a)</sup> | 10/17/2038 | 18161999 |
| 6500000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR4-D | 2.77 %<sup>(a)</sup> | 12/17/2038 | 6366903 |
| 10500000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR4-E1 | 2.97 %<sup>(a)</sup> | 12/17/2038 | 10282942 |
|  | Angel Oak Mortgage Trust LLC |  |  |  |
| 9121000 | &nbsp;&nbsp;&nbsp;Series 2021-7-M1 | 3.26 %<sup>(a)(b)</sup> | 10/25/2066 | 6636554 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2025-10-M1 | 5.72 %<sup>(a)(d)</sup> | 09/25/2070 | 1001849 |
| 10809072 | &nbsp;&nbsp;&nbsp;Series 2025-12-A3 | 5.34 %<sup>(a)(d)</sup> | 12/25/2070 | 10841283 |
| 4395000 | &nbsp;&nbsp;&nbsp;Series 2025-12-M1 | 5.77 %<sup>(a)(d)</sup> | 12/25/2070 | 4402944 |
| 4300000 | &nbsp;&nbsp;&nbsp;Series 2025-13-M1 | 5.74 %<sup>(a)(b)</sup> | 10/25/2070 | 4332873 |
| 2825524 | &nbsp;&nbsp;&nbsp;Series 2025-7-A3 | 5.92 %<sup>(a)(d)</sup> | 06/25/2070 | 2850071 |
| 5007000 | &nbsp;&nbsp;&nbsp;Series 2025-7-M1 | 6.35 %<sup>(a)(b)</sup> | 06/25/2070 | 5089868 |
|  | Argent Securities, Inc. Asset-Backed Pass-Through Certificates |  |  |  |
| 9652851 | &nbsp;&nbsp;&nbsp;Series 2004-W11-M6 (1 mo. Term SOFR + 1.99%, 1.88% Floor) | 5.72% | 11/25/2034 | 8550641 |
| 95561869 | &nbsp;&nbsp;&nbsp;Series 2006-M3-A1 (1 mo. Term SOFR + 0.29%, 0.18% Floor) | 4.02% | 10/25/2036 | 53209279 |
| 10538386 | &nbsp;&nbsp;&nbsp;Series 2006-W5-A1A (1 mo. Term SOFR + 0.41%, 0.30% Floor) | 4.15% | 06/25/2036 | 7080711 |
|  | Asset Backed Funding Certificates |  |  |  |
| 76164043 | &nbsp;&nbsp;&nbsp;Series 2007-WMC1-A1A (1 mo. Term SOFR + 1.36%, 1.25% Floor) | 5.10% | 06/25/2037 | 54653307 |
|  | Asset Backed Securities Corp. Home Equity |  |  |  |
| 1111421 | &nbsp;&nbsp;&nbsp;Series 2004-HE3-M2 (1 mo. Term SOFR + 1.79%, 1.68% Floor) | 5.53% | 06/25/2034 | 1073564 |
| 16149328 | &nbsp;&nbsp;&nbsp;Series 2006-HE7-A1 (1 mo. Term SOFR + 0.38%, 0.27% Floor) | 3.51% | 11/25/2036 | 14800562 |
|  | Banc of America Alternative Loan Trust |  |  |  |
| 386003 | &nbsp;&nbsp;&nbsp;Series 2005-10-4A1 | 5.75% | 11/25/2035 | 360251 |
| 1431276 | &nbsp;&nbsp;&nbsp;Series 2005-11-2CB1 | 6.00% | 12/25/2035 | 1374218 |
| 995875 | &nbsp;&nbsp;&nbsp;Series 2006-2-1CB1 | 6.00% | 03/25/2036 | 931437 |
| 1274699 | &nbsp;&nbsp;&nbsp;Series 2006-2-3CB1 | 6.50% | 03/25/2036 | 1174523 |
| 364483 | &nbsp;&nbsp;&nbsp;Series 2006-5-CB14 (1 mo. Term SOFR + 1.21%, 6.00% Floor, 6.00% Cap) | 6.00% | 06/25/2046 | 321231 |
| 879619 | &nbsp;&nbsp;&nbsp;Series 2006-6-CB3 | 6.00% | 07/25/2046 | 773759 |
| 7553471 | &nbsp;&nbsp;&nbsp;Series 2006-7-A4 | 6.50 %<sup>(d)</sup> | 10/25/2036 | 1961554 |
| 1169015 | &nbsp;&nbsp;&nbsp;Series 2006-8-1A1 (-1 x 1 mo. Term SOFR + 6.39%, 0.00% Floor, 6.50% Cap) | 2.65 %<sup>(f)(g)</sup> | 11/25/2036 | 132958 |
| 416630 | &nbsp;&nbsp;&nbsp;Series 2006-8-1A2 (1 mo. Term SOFR + 0.56%, 0.45% Floor, 7.00% Cap) | 4.30% | 11/25/2036 | 329003 |
| 1856825 | &nbsp;&nbsp;&nbsp;Series 2006-9-1CB1 | 6.00% | 01/25/2037 | 1681357 |
| 322166 | &nbsp;&nbsp;&nbsp;Series 2007-2-2A1 | 6.00% | 06/25/2037 | 277506 |
|  | Banc of America Funding Corp. |  |  |  |
| 1774129 | &nbsp;&nbsp;&nbsp;Series 2006-2-3A1 | 6.00% | 03/25/2036 | 1576666 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 56623 | &nbsp;&nbsp;&nbsp;Series 2006-2-4A1 (-3 x 1 mo. Term SOFR + 22.46%, 0.00% Floor, 22.80% Cap) | 11.26 %<sup>(g)</sup> | 03/25/2036 | 60533 |
| 72925 | &nbsp;&nbsp;&nbsp;Series 2006-2-6A2 | 5.50% | 03/25/2036 | 73101 |
| 237132 | &nbsp;&nbsp;&nbsp;Series 2006-3-1A1 | 6.00% | 03/25/2036 | 205530 |
| 117475 | &nbsp;&nbsp;&nbsp;Series 2006-3-6A1 | 6.38 %<sup>(b)</sup> | 03/25/2036 | 120599 |
| 1064320 | &nbsp;&nbsp;&nbsp;Series 2006-6-1A7 | 6.25% | 08/25/2036 | 931466 |
| 396994 | &nbsp;&nbsp;&nbsp;Series 2006-7-T2A5 | 6.54 %<sup>(d)</sup> | 10/25/2036 | 361077 |
| 1871158 | &nbsp;&nbsp;&nbsp;Series 2006-7-T2A8 | 6.41 %<sup>(d)</sup> | 10/25/2036 | 1702106 |
| 471083 | &nbsp;&nbsp;&nbsp;Series 2006-8T2-A8 (30 day avg SOFR US) | 6.60 %<sup>(d)</sup> | 10/25/2036 | 420553 |
| 214453 | &nbsp;&nbsp;&nbsp;Series 2006-B-7A1 | 4.45 %<sup>(b)</sup> | 03/20/2036 | 188337 |
| 3644636 | &nbsp;&nbsp;&nbsp;Series 2006-D-6A1 | 4.01 %<sup>(b)</sup> | 05/20/2036 | 3103339 |
| 76603 | &nbsp;&nbsp;&nbsp;Series 2006-H-3A1 | 4.07 %<sup>(b)</sup> | 09/20/2046 | 65690 |
| 42480583 | &nbsp;&nbsp;&nbsp;Series 2006-H-5A1 (1 mo. Term SOFR + 0.47%, 0.36% Floor, 10.50% Cap) | 4.21 %<sup>(a)</sup> | 10/20/2036 | 13324591 |
| 389888 | &nbsp;&nbsp;&nbsp;Series 2007-1-TA10 | 6.34 %<sup>(d)</sup> | 01/25/2037 | 365605 |
| 537241 | &nbsp;&nbsp;&nbsp;Series 2007-3-TA1B | 5.83 %<sup>(b)</sup> | 04/25/2037 | 468221 |
| 1057864 | &nbsp;&nbsp;&nbsp;Series 2007-5-1A1 | 5.50% | 07/25/2037 | 871888 |
| 522127 | &nbsp;&nbsp;&nbsp;Series 2009-R14A-3A (-2 x 1 mo. Term SOFR + 16.30%, 5.50% Floor, 16.57% Cap) | 7.02 %<sup>(a)(g)</sup> | 06/26/2035 | 491644 |
| 774196 | &nbsp;&nbsp;&nbsp;Series 2009-R15A-4A2 | 5.75 %<sup>(a)(b)</sup> | 12/26/2036 | 689952 |
| 477001 | &nbsp;&nbsp;&nbsp;Series 2010-R1-3A (-2 x 1 mo. Term SOFR + 14.10%, 6.00% Floor, 14.28% Cap) | 7.98 %<sup>(a)(g)</sup> | 07/26/2036 | 470056 |
| 4854424 | &nbsp;&nbsp;&nbsp;Series 2014-R6-3A2 | 4.34 %<sup>(a)(b)</sup> | 10/26/2036 | 4400723 |
| 10070762 | &nbsp;&nbsp;&nbsp;Series 2014-R8-A2 (1 mo. Term SOFR + 0.35%, 0.24% Floor) | 4.09 %<sup>(a)</sup> | 06/26/2036 | 8397106 |
| 16524046 | &nbsp;&nbsp;&nbsp;Series 2015-R2-4A2 (1 mo. Term SOFR + 0.28%, 0.17% Floor) | 3.05 %<sup>(a)</sup> | 09/29/2036 | 13985803 |
|  | Banc of America Mortgage Securities, Inc. |  |  |  |
| 743101 | &nbsp;&nbsp;&nbsp;Series 2006-1-A9 | 6.00% | 05/25/2036 | 637510 |
| 131242 | &nbsp;&nbsp;&nbsp;Series 2007-1-2A5 | 5.75% | 01/25/2037 | 115740 |
| 2824998 | &nbsp;&nbsp;&nbsp;Series 2007-3-2A8 | 7.00% | 09/25/2037 | 2397382 |
|  | Banco Santander SA |  |  |  |
| 7095650 | &nbsp;&nbsp;&nbsp;Series 2025-NQM6-M1 | 5.92 %<sup>(a)(b)</sup> | 11/25/2065 | 7109950 |
|  | BankUnited Trust |  |  |  |
| 4273292 | &nbsp;&nbsp;&nbsp;Series 2005-1-2A1 | 4.75 %<sup>(b)</sup> | 09/25/2045 | 3923397 |
|  | Barclays PLC |  |  |  |
| 6211963 | &nbsp;&nbsp;&nbsp;Series 2010-RR6-7A10 | 9.17 %<sup>(a)(b)</sup> | 02/26/2037 | 2250329 |
|  | Bayview Commercial Asset Trust |  |  |  |
| 518868 | &nbsp;&nbsp;&nbsp;Series 2007-3-A2 (1 mo. Term SOFR + 0.55%, 0.00% Floor) | 4.50 %<sup>(a)</sup> | 07/25/2037 | 494339 |
|  | Bayview Financial Acquisition Trust |  |  |  |
| 1850064 | &nbsp;&nbsp;&nbsp;Series 2006-C-2A4 (1 mo. Term SOFR + 0.53%, 0.00% Floor) | 4.26% | 11/28/2036 | 1762043 |
|  | BCAP LLC Trust |  |  |  |
| 16917635 | &nbsp;&nbsp;&nbsp;Series 2007-AA2-11A (1 mo. Term SOFR + 0.49%, 0.38% Floor) | 4.23 %<sup>(a)</sup> | 05/25/2047 | 18108154 |
| 1926313 | &nbsp;&nbsp;&nbsp;Series 2007-AA2-2A7 | 6.00% | 04/25/2037 | 830127 |
| 2085524 | &nbsp;&nbsp;&nbsp;Series 2007-AA2-2A8 | 5.75% | 04/25/2037 | 861298 |
| 10159968 | &nbsp;&nbsp;&nbsp;Series 2008-RR3-A1B | 6.70 %<sup>(a)(b)</sup> | 10/25/2036 | 3048899 |
| 1415166 | &nbsp;&nbsp;&nbsp;Series 2009-RR13-18A2 | 5.75 %<sup>(a)(b)</sup> | 07/26/2037 | 633543 |
| 2450782 | &nbsp;&nbsp;&nbsp;Series 2009-RR4-4A2 | 5.75 %<sup>(a)(b)</sup> | 02/26/2036 | 1000547 |
|  | Bear Stearns Adjustable Rate Mortgage Trust |  |  |  |
| 190071 | &nbsp;&nbsp;&nbsp;Series 2005-12-13A1 | 4.59 %<sup>(b)</sup> | 02/25/2036 | 168282 |
| 1736087 | &nbsp;&nbsp;&nbsp;Series 2006-4-4A1 | 4.67 %<sup>(b)</sup> | 10/25/2046 | 1569629 |
| 2169065 | &nbsp;&nbsp;&nbsp;Series 2007-1-2A1 | 5.56 %<sup>(b)</sup> | 02/25/2047 | 1876021 |
| 585176 | &nbsp;&nbsp;&nbsp;Series 2007-1-3A1 | 4.56 %<sup>(b)</sup> | 02/25/2047 | 570347 |
| 7674285 | &nbsp;&nbsp;&nbsp;Series 2007-2-2A1 (12 mo. Term SOFR + 2.59%, 1.88% Floor, 11.15% Cap) | 6.27% | 12/25/2046 | 6565636 |
|  | Bear Stearns Alt-A Trust |  |  |  |
| 114477 | &nbsp;&nbsp;&nbsp;Series 2004-11-2A3 | 5.50 %<sup>(b)</sup> | 11/25/2034 | 116020 |
| 8717681 | &nbsp;&nbsp;&nbsp;Series 2006-3-21A1 | 4.42 %<sup>(b)</sup> | 05/25/2036 | 6162507 |
| 3375475 | &nbsp;&nbsp;&nbsp;Series 2006-5-1A1 (1 mo. Term SOFR + 0.45%, 0.34% Floor, 11.50% Cap) | 4.19% | 08/25/2036 | 3065556 |
| 5527822 | &nbsp;&nbsp;&nbsp;Series 2006-6-2A1 (1 mo. Term SOFR) | 4.14 %<sup>(b)</sup> | 11/25/2036 | 2337422 |
| 2757200 | &nbsp;&nbsp;&nbsp;Series 2006-8-2A1 | 4.54 %<sup>(b)</sup> | 08/25/2046 | 1864409 |
| 4247744 | &nbsp;&nbsp;&nbsp;Series 2007-1-1A1 (1 mo. Term SOFR + 0.43%, 0.32% Floor, 11.50% Cap) | 4.17% | 01/25/2047 | 3715169 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Bear Stearns Asset Backed Securities Trust |  |  |  |
| 2056310 | &nbsp;&nbsp;&nbsp;Series 2004-AC4-A2 | 5.50 %<sup>(d)</sup> | 08/25/2034 | 2026565 |
| 4638715 | &nbsp;&nbsp;&nbsp;Series 2005-AC2-1A | 5.75 %<sup>(d)</sup> | 04/25/2035 | 3984597 |
| 1502133 | &nbsp;&nbsp;&nbsp;Series 2005-AC2-2A1 | 5.75 %<sup>(d)</sup> | 04/25/2035 | 1449196 |
| 17419291 | &nbsp;&nbsp;&nbsp;Series 2005-AC6-22A | 5.10 %<sup>(b)</sup> | 09/25/2035 | 14189892 |
| 4403508 | &nbsp;&nbsp;&nbsp;Series 2005-AC7-A4 | 6.00 %<sup>(d)</sup> | 10/25/2035 | 2615923 |
| 5721987 | &nbsp;&nbsp;&nbsp;Series 2006-AC1-1A1 | 6.25 %<sup>(d)</sup> | 02/25/2036 | 2563499 |
| 441051 | &nbsp;&nbsp;&nbsp;Series 2006-AC5-A1 | 6.75 %<sup>(d)</sup> | 12/25/2036 | 496418 |
| 17428294 | &nbsp;&nbsp;&nbsp;Series 2007-HE4-2A (1 mo. Term SOFR + 0.55%, 0.44% Floor) | 4.29% | 05/25/2037 | 16355034 |
| 10324931 | &nbsp;&nbsp;&nbsp;Series 2007-HE6-2A (1 mo. Term SOFR + 1.16%, 1.05% Floor) | 4.90% | 08/25/2037 | 9431249 |
| 918447 | &nbsp;&nbsp;&nbsp;Series 2007-SD1-1A2A | 6.00% | 10/25/2036 | 275358 |
| 1328304 | &nbsp;&nbsp;&nbsp;Series 2007-SD1-1A3A | 6.50% | 10/25/2036 | 438148 |
| 1175838 | &nbsp;&nbsp;&nbsp;Series 2007-SD1-23A1 | 5.49 %<sup>(b)</sup> | 10/25/2036 | 548662 |
|  | Bear Stearns Mortgage Funding Trust |  |  |  |
| 5334564 | &nbsp;&nbsp;&nbsp;Series 2006-AR3-2A1 (1 mo. Term SOFR + 0.51%, 0.40% Floor, 10.50% Cap) | 4.25% | 11/25/2036 | 5008150 |
| 2192811 | &nbsp;&nbsp;&nbsp;Series 2006-AR4-A2 (1 mo. Term SOFR + 0.47%, 0.36% Floor, 10.50% Cap) | 4.21% | 12/25/2037 | 2161925 |
| 5118863 | &nbsp;&nbsp;&nbsp;Series 2007-AR3-22A1 (1 mo. Term SOFR + 0.43%, 0.32% Floor, 10.50% Cap) | 4.17% | 04/25/2037 | 5074273 |
|  | BNC Mortgage Loan Trust |  |  |  |
| 2654221 | &nbsp;&nbsp;&nbsp;Series 2006-2-A4 (1 mo. Term SOFR + 0.43%, 0.32% Floor) | 4.17% | 11/25/2036 | 2599734 |
| 3068413 | &nbsp;&nbsp;&nbsp;Series 2007-1-A4 (1 mo. Term SOFR + 0.27%, 0.16% Floor) | 4.01% | 03/25/2037 | 3005448 |
| 4561486 | &nbsp;&nbsp;&nbsp;Series 2007-4-A4 (1 mo. Term SOFR + 1.61%, 1.50% Floor) | 5.35% | 11/25/2037 | 3989487 |
|  | BNP Paribas Mortgage Securities LLC |  |  |  |
| 23502859 | &nbsp;&nbsp;&nbsp;Series 2009-1-B1 | 6.00 %<sup>(a)</sup> | 08/27/2037 | 10311042 |
|  | BRAVO Residential Funding Trust |  |  |  |
| 3041000 | &nbsp;&nbsp;&nbsp;Series 2024-NQM2-B1 | 7.91 %<sup>(a)</sup> | 02/25/2064 | 3094871 |
| 8000000 | &nbsp;&nbsp;&nbsp;Series 2024-NQM7-M1 | 6.38 %<sup>(a)(b)</sup> | 10/27/2064 | 8125904 |
| 10308000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM10-M1 | 5.76 %<sup>(a)(b)</sup> | 09/25/2065 | 10333626 |
| 1850000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM7-M1 | 6.23 %<sup>(a)(b)</sup> | 07/25/2065 | 1868874 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM8-M1 | 5.82 %<sup>(a)(b)</sup> | 06/25/2065 | 1510247 |
|  | CAFL Issuer LLC |  |  |  |
| 13536894 | &nbsp;&nbsp;&nbsp;Series 2021-RTL1-A1 | 4.24 %<sup>(a)(d)</sup> | 03/28/2029 | 12869409 |
| 1722509 | &nbsp;&nbsp;&nbsp;Series 2021-RTL1-A2 | 5.10 %<sup>(a)(d)</sup> | 03/28/2029 | 1636862 |
|  | Carrington Mortgage Loan Trust |  |  |  |
| 3505620 | &nbsp;&nbsp;&nbsp;Series 2006-FRE2-A2 (1 mo. Term SOFR + 0.23%, 0.12% Floor, 12.50% Cap) | 3.97% | 10/25/2036 | 2742299 |
| 16903665 | &nbsp;&nbsp;&nbsp;Series 2006-FRE2-A3 (1 mo. Term SOFR + 0.27%, 0.16% Floor, 12.50% Cap) | 4.01% | 10/25/2036 | 13226237 |
| 5202820 | &nbsp;&nbsp;&nbsp;Series 2006-FRE2-A4 (1 mo. Term SOFR + 0.36%, 0.25% Floor, 12.50% Cap) | 4.10% | 10/25/2036 | 4071310 |
| 6810232 | &nbsp;&nbsp;&nbsp;Series 2006-NC3-A3 (1 mo. Term SOFR + 0.41%, 0.30% Floor, 12.50% Cap) | 4.15% | 08/25/2036 | 6630641 |
| 19471660 | &nbsp;&nbsp;&nbsp;Series 2006-NC4-A3 (1 mo. Term SOFR + 0.27%, 0.16% Floor, 12.50% Cap) | 4.01% | 10/25/2036 | 19123501 |
| 19319785 | &nbsp;&nbsp;&nbsp;Series 2006-NC5-A3 (1 mo. Term SOFR + 0.26%, 0.15% Floor, 14.50% Cap) | 4.00% | 01/25/2037 | 17639202 |
| 7177559 | &nbsp;&nbsp;&nbsp;Series 2007-RFC1-A3 (1 mo. Term SOFR + 0.25%, 0.14% Floor, 14.50% Cap) | 3.99% | 12/25/2036 | 7089554 |
|  | Cascade MH Asset Trust |  |  |  |
| 12559986 | &nbsp;&nbsp;&nbsp;Series 2019-MH1-A | 4.00 %<sup>(a)(b)</sup> | 11/25/2044 | 12133817 |
|  | Centex Home Equity |  |  |  |
| 2920500 | &nbsp;&nbsp;&nbsp;Series 2004-A-AF5 | 5.43 %<sup>(d)</sup> | 01/25/2034 | 2918542 |
|  | Chase Mortgage Finance Corp. |  |  |  |
| 2018446 | &nbsp;&nbsp;&nbsp;Series 2005-A1-2A4 | 4.67 %<sup>(b)</sup> | 12/25/2035 | 1920951 |
| 7060372 | &nbsp;&nbsp;&nbsp;Series 2006-S1-A5 | 6.50% | 05/25/2036 | 3002256 |
| 6456165 | &nbsp;&nbsp;&nbsp;Series 2006-S2-1A9 | 6.25% | 10/25/2036 | 2325088 |
| 4617870 | &nbsp;&nbsp;&nbsp;Series 2006-S3-1A2 | 6.00% | 11/25/2036 | 1903471 |
| 13204655 | &nbsp;&nbsp;&nbsp;Series 2006-S4-A8 | 6.00% | 12/25/2036 | 5211145 |
| 3920263 | &nbsp;&nbsp;&nbsp;Series 2007-S1-A7 | 6.00% | 02/25/2037 | 1504231 |
| 2237554 | &nbsp;&nbsp;&nbsp;Series 2007-S3-1A5 | 6.00% | 05/25/2037 | 913491 |
| 1031079 | &nbsp;&nbsp;&nbsp;Series 2007-S3-2A1 | 5.50% | 05/25/2037 | 10 |
| 2192026 | &nbsp;&nbsp;&nbsp;Series 2007-S5-1A18 | 6.00% | 07/25/2037 | 931079 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Chaseflex Trust |  |  |  |
| 769960 | &nbsp;&nbsp;&nbsp;Series 2005-1-3A1 | 6.00% | 02/25/2035 | 642766 |
| 63150 | &nbsp;&nbsp;&nbsp;Series 2006-1-A5 | 6.16 %<sup>(b)</sup> | 06/25/2036 | 60559 |
| 1793654 | &nbsp;&nbsp;&nbsp;Series 2006-2-A2B (1 mo. Term SOFR + 0.31%, 0.20% Floor, 11.50% Cap) | 3.95% | 09/25/2036 | 1524580 |
| 3127948 | &nbsp;&nbsp;&nbsp;Series 2007-1-1A1 | 6.50% | 02/25/2037 | 1048167 |
| 4188044 | &nbsp;&nbsp;&nbsp;Series 2007-M1-2F4 | 4.26 %<sup>(d)</sup> | 08/25/2037 | 3587399 |
| 4355938 | &nbsp;&nbsp;&nbsp;Series 2007-M1-2F5 | 4.26 %<sup>(d)</sup> | 08/25/2037 | 3730849 |
|  | Citigroup Financial Products, Inc. |  |  |  |
| 1311726 | &nbsp;&nbsp;&nbsp;Series 2007-AMC3-A2D (1 mo. Term SOFR + 0.46%, 0.35% Floor) | 4.20% | 03/25/2037 | 1163418 |
|  | Citigroup Mortgage Loan Trust, Inc. |  |  |  |
| 324296 | &nbsp;&nbsp;&nbsp;Series 2005-9-21A1 | 5.50% | 11/25/2035 | 305140 |
| 607001 | &nbsp;&nbsp;&nbsp;Series 2006-4-2A1A | 6.00% | 12/25/2035 | 607443 |
| 3776034 | &nbsp;&nbsp;&nbsp;Series 2006-AR3-1A1A | 5.65 %<sup>(b)</sup> | 06/25/2036 | 3574380 |
| 1957614 | &nbsp;&nbsp;&nbsp;Series 2006-FX1-A6 | 7.35 %<sup>(d)</sup> | 10/25/2036 | 1131866 |
| 7947833 | &nbsp;&nbsp;&nbsp;Series 2006-WF1-A2D | 6.42 %<sup>(d)</sup> | 03/25/2036 | 3681408 |
| 8322977 | &nbsp;&nbsp;&nbsp;Series 2006-WF2-A2D (30 day avg SOFR US) | 6.66 %<sup>(d)</sup> | 05/25/2036 | 2961846 |
| 1338890 | &nbsp;&nbsp;&nbsp;Series 2007-10-1A1A | 5.16 %<sup>(b)</sup> | 04/25/2037 | 1279451 |
| 506742 | &nbsp;&nbsp;&nbsp;Series 2007-12-2A1 | 6.50 %<sup>(a)(b)</sup> | 10/25/2036 | 248921 |
| 13692331 | &nbsp;&nbsp;&nbsp;Series 2007-9-1A1 | 5.75 %<sup>(a)</sup> | 04/25/2047 | 7318115 |
| 550569 | &nbsp;&nbsp;&nbsp;Series 2007-9-2A2 (1 mo. Term SOFR) | 6.50 %<sup>(a)(b)</sup> | 05/25/2037 | 495708 |
| 31405862 | &nbsp;&nbsp;&nbsp;Series 2007-AMC2-A1 (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 4.13 %<sup>(a)</sup> | 01/25/2037 | 29645591 |
| 1566215 | &nbsp;&nbsp;&nbsp;Series 2007-AR8-1A1A | 3.69 %<sup>(b)</sup> | 08/25/2047 | 1371654 |
| 3215743 | &nbsp;&nbsp;&nbsp;Series 2007-OPX1-A2 (1 mo. Term SOFR + 0.51%, 0.40% Floor) | 4.25% | 01/25/2037 | 1387753 |
| 3165345 | &nbsp;&nbsp;&nbsp;Series 2007-OPX1-A3A | 7.47 %<sup>(d)</sup> | 01/25/2037 | 1368536 |
| 6977559 | &nbsp;&nbsp;&nbsp;Series 2007-OPX1-A5A | 7.26 %<sup>(d)</sup> | 01/25/2037 | 3017957 |
| 2428360 | &nbsp;&nbsp;&nbsp;Series 2010-7-9A4 | 6.00 %<sup>(a)(b)</sup> | 10/25/2037 | 2173388 |
| 10396455 | &nbsp;&nbsp;&nbsp;Series 2010-8-7A4 | 6.00 %<sup>(a)(b)</sup> | 06/25/2037 | 9739438 |
| 2097472 | &nbsp;&nbsp;&nbsp;Series 2014-8-3A2 | 6.00 %<sup>(a)(b)</sup> | 03/25/2037 | 1877363 |
| 89475382 | &nbsp;&nbsp;&nbsp;Series 2019-A-PT1 | 3.92 %<sup>(a)</sup> | 10/25/2058 | 74720176 |
| 139347579 | &nbsp;&nbsp;&nbsp;Series 2019-D-PT1 | 3.56 %<sup>(a)(b)</sup> | 04/25/2064 | 116870536 |
| 163262331 | &nbsp;&nbsp;&nbsp;Series 2020-RP1-A1 | 1.50 %<sup>(a)(b)</sup> | 08/25/2064 | 147367241 |
| 26293400 | &nbsp;&nbsp;&nbsp;Series 2020-RP1-M1 | 2.00 %<sup>(a)(b)</sup> | 08/25/2064 | 20580149 |
| 22116950 | &nbsp;&nbsp;&nbsp;Series 2020-RP1-M2 | 2.50 %<sup>(a)(b)</sup> | 08/25/2064 | 17175457 |
| 18676200 | &nbsp;&nbsp;&nbsp;Series 2020-RP1-M3 | 2.75 %<sup>(a)(b)</sup> | 08/25/2064 | 14005191 |
| 48657807 | &nbsp;&nbsp;&nbsp;Series 2020-RP1-PT5 | 6.46 %<sup>(a)(b)</sup> | 08/25/2064 | 40034573 |
| 7869132 | &nbsp;&nbsp;&nbsp;Series 2021-JL1-A | 2.75 %<sup>(a)(b)</sup> | 02/27/2062 | 7691479 |
| 211948838 | &nbsp;&nbsp;&nbsp;Series 2021-RP2-A1 | 1.75 %<sup>(a)(b)</sup> | 03/25/2065 | 193113601 |
| 34186100 | &nbsp;&nbsp;&nbsp;Series 2021-RP2-M1 | 3.25 %<sup>(a)(b)</sup> | 03/25/2065 | 29700638 |
| 28635750 | &nbsp;&nbsp;&nbsp;Series 2021-RP2-M2 | 3.40 %<sup>(a)(b)</sup> | 03/25/2065 | 23980090 |
| 26589300 | &nbsp;&nbsp;&nbsp;Series 2021-RP2-M3 | 3.40 %<sup>(a)(b)</sup> | 03/25/2065 | 21223744 |
| 77996954 | &nbsp;&nbsp;&nbsp;Series 2021-RP2-PT1 | 5.48 %<sup>(a)(b)</sup> | 03/25/2065 | 65555504 |
|  | Citimortgage Alternative Loan Trust |  |  |  |
| 1183816 | &nbsp;&nbsp;&nbsp;Series 2006-A1-1A5 | 5.50% | 04/25/2036 | 1096756 |
| 1365714 | &nbsp;&nbsp;&nbsp;Series 2006-A2-A2 | 6.00% | 05/25/2036 | 1304420 |
| 1332865 | &nbsp;&nbsp;&nbsp;Series 2006-A3-1A13 | 6.00% | 07/25/2036 | 1186391 |
| 1128883 | &nbsp;&nbsp;&nbsp;Series 2006-A4-1A8 | 6.00% | 09/25/2036 | 1053890 |
| 1168922 | &nbsp;&nbsp;&nbsp;Series 2006-A5-3A3Pool 2006-A5 | 6.00% | 10/25/2036 | 986113 |
| 3451703 | &nbsp;&nbsp;&nbsp;Series 2006-A6-1A2 (1 mo. Term SOFR + 0.61%, 6.00% Floor, 6.00% Cap) | 6.00% | 11/25/2036 | 3201378 |
| 1738660 | &nbsp;&nbsp;&nbsp;Series 2007-A1-1A5 | 6.00% | 01/25/2037 | 1588497 |
| 847712 | &nbsp;&nbsp;&nbsp;Series 2007-A1-1A7 | 6.00% | 01/25/2037 | 774497 |
| 2298693 | &nbsp;&nbsp;&nbsp;Series 2007-A1-1A8 (1 mo. Term SOFR + 0.71%, 0.60% Floor, 6.00% Cap) | 4.45% | 01/25/2037 | 1920367 |
| 2169072 | &nbsp;&nbsp;&nbsp;Series 2007-A1-1A9 (-1 x 1 mo. Term SOFR + 5.29%, 0.00% Floor, 5.40% Cap) | 1.55 %<sup>(f)(g)</sup> | 01/25/2037 | 174558 |
| 1714852 | &nbsp;&nbsp;&nbsp;Series 2007-A3-1A1 | 6.00 %<sup>(h)</sup> | 03/25/2037 | 1543277 |
| 3946423 | &nbsp;&nbsp;&nbsp;Series 2007-A3-1A3 (-1 x 1 mo. Term SOFR + 5.29%, 0.00% Floor, 5.40% Cap) | 1.55 %<sup>(f)(g)</sup> | 03/25/2037 | 317287 |
| 1546519 | &nbsp;&nbsp;&nbsp;Series 2007-A3-1A4 | 5.75% | 03/25/2037 | 1369711 |
| 2829079 | &nbsp;&nbsp;&nbsp;Series 2007-A4-1A3 (1 mo. Term SOFR + 0.44%, 0.33% Floor, 7.00% Cap) | 4.18% | 04/25/2037 | 2323537 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 2829079 | &nbsp;&nbsp;&nbsp;Series 2007-A4-1A4 (-1 x 1 mo. Term SOFR + 6.56%, 0.00% Floor, 6.67% Cap) | 2.82 %<sup>(f)(g)</sup> | 04/25/2037 | 373178 |
| 2996339 | &nbsp;&nbsp;&nbsp;Series 2007-A4-1A5 | 5.75% | 04/25/2037 | 2671264 |
| 388234 | &nbsp;&nbsp;&nbsp;Series 2007-A5-1A11 | 6.00% | 05/25/2037 | 362038 |
| 5118579 | &nbsp;&nbsp;&nbsp;Series 2007-A5-1A8 | 6.00% | 05/25/2037 | 4773217 |
| 171390 | &nbsp;&nbsp;&nbsp;Series 2007-A8-A1 | 6.00% | 10/25/2037 | 159990 |
|  | CitiMortgage, Inc. |  |  |  |
| 1374315 | &nbsp;&nbsp;&nbsp;Series 2005-1-1A4 | 5.50% | 02/25/2035 | 1349614 |
|  | Colony American Finance Ltd. |  |  |  |
| 9000000 | &nbsp;&nbsp;&nbsp;Series 2020-3-D | 2.95 %<sup>(a)(b)</sup> | 08/15/2053 | 7959993 |
|  | COLT Funding LLC |  |  |  |
| 14812000 | &nbsp;&nbsp;&nbsp;Series 2021-5-M1 | 3.26 %<sup>(a)(b)</sup> | 11/26/2066 | 11679280 |
| 4294000 | &nbsp;&nbsp;&nbsp;Series 2021-HX1-B1 | 3.11 %<sup>(a)(b)</sup> | 10/25/2066 | 3264118 |
| 4130000 | &nbsp;&nbsp;&nbsp;Series 2021-HX1-B2 | 3.86 %<sup>(a)(b)</sup> | 10/25/2066 | 3256956 |
| 6000000 | &nbsp;&nbsp;&nbsp;Series 2021-HX1-M1 | 2.36 %<sup>(a)(b)</sup> | 10/25/2066 | 4553288 |
| 5552000 | &nbsp;&nbsp;&nbsp;Series 2024-6-M1 | 6.00 %<sup>(a)(b)</sup> | 11/25/2069 | 5589462 |
| 10168000 | &nbsp;&nbsp;&nbsp;Series 2024-7-M1 | 6.45 %<sup>(a)(b)</sup> | 12/26/2069 | 10320129 |
| 2849012 | &nbsp;&nbsp;&nbsp;Series 2025-6-A3 | 5.89 %<sup>(a)(d)</sup> | 08/25/2070 | 2874128 |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2025-6-M1 | 6.27 %<sup>(a)(b)</sup> | 08/25/2070 | 3040580 |
| 1850000 | &nbsp;&nbsp;&nbsp;Series 2025-7-M1 | 6.03 %<sup>(a)(b)</sup> | 06/25/2070 | 1869876 |
|  | Countrywide Alternative Loan Trust |  |  |  |
| 20961138 | &nbsp;&nbsp;&nbsp;Series 2004-36CB-1A1 | 6.00% | 02/25/2035 | 14756962 |
| 4085332 | &nbsp;&nbsp;&nbsp;Series 2005-13CB-A1 (1 mo. Term SOFR + 0.61%, 0.50% Floor, 5.50% Cap) | 4.35% | 05/25/2035 | 3312162 |
| 1866016 | &nbsp;&nbsp;&nbsp;Series 2005-13CB-A3 | 5.50% | 05/25/2035 | 1615226 |
| 1964409 | &nbsp;&nbsp;&nbsp;Series 2005-20CB-2A1 (1 mo. Term SOFR + 0.61%, 0.50% Floor, 5.50% Cap) | 4.35% | 07/25/2035 | 1125057 |
| 4010669 | &nbsp;&nbsp;&nbsp;Series 2005-20CB-2A2 (-1 x 1 mo. Term SOFR + 4.89%, 0.00% Floor, 5.00% Cap) | 1.15 %<sup>(f)(g)</sup> | 07/25/2035 | 287485 |
| 1155074 | &nbsp;&nbsp;&nbsp;Series 2005-26CB-A11 (-2 x 1 mo. Term SOFR + 12.84%, 0.00% Floor, 13.05% Cap) | 6.08 %<sup>(g)</sup> | 07/25/2035 | 810820 |
| 1580674 | &nbsp;&nbsp;&nbsp;Series 2005-28CB-1A2 (1 mo. Term SOFR + 0.86%, 0.75% Floor, 5.50% Cap) | 4.60% | 08/25/2035 | 1269872 |
| 894833 | &nbsp;&nbsp;&nbsp;Series 2005-28CB-3A6 | 6.00% | 08/25/2035 | 334697 |
| 4779638 | &nbsp;&nbsp;&nbsp;Series 2005-32T1-A9 | 5.50% | 08/25/2035 | 2550093 |
| 1730298 | &nbsp;&nbsp;&nbsp;Series 2005-46CB-A14 | 5.50% | 10/25/2035 | 1190051 |
| 876601 | &nbsp;&nbsp;&nbsp;Series 2005-46CB-A20 | 5.50% | 10/25/2035 | 602902 |
| 3352363 | &nbsp;&nbsp;&nbsp;Series 2005-48T1-A2 | 5.50% | 11/25/2035 | 1823988 |
| 1181790 | &nbsp;&nbsp;&nbsp;Series 2005-54CB-3A4 | 5.50% | 11/25/2035 | 619789 |
| 26309247 | &nbsp;&nbsp;&nbsp;Series 2005-55CB-1A1 | 5.50% | 11/25/2035 | 17179359 |
| 9870944 | &nbsp;&nbsp;&nbsp;Series 2005-57CB-1A1 | 5.50% | 12/25/2035 | 7082108 |
| 292007 | &nbsp;&nbsp;&nbsp;Series 2005-60T1-A7 (-7 x 1 mo. Term SOFR + 35.09%, 0.00% Floor, 35.93% Cap) | 7.73 %<sup>(g)</sup> | 12/25/2035 | 191190 |
| 250145 | &nbsp;&nbsp;&nbsp;Series 2005-64CB-1A14 | 5.50% | 12/25/2035 | 222794 |
| 3630545 | &nbsp;&nbsp;&nbsp;Series 2005-64CB-1A4 | 5.50% | 12/25/2035 | 3233574 |
| 759180 | &nbsp;&nbsp;&nbsp;Series 2005-73CB-1A5 (1 mo. Term SOFR + 0.91%, 0.80% Floor, 5.50% Cap) | 4.65% | 01/25/2036 | 706613 |
| 1909940 | &nbsp;&nbsp;&nbsp;Series 2005-73CB-1A6 (-1 x 1 mo. Term SOFR + 4.59%, 0.00% Floor, 4.70% Cap) | 0.85 %<sup>(f)(g)</sup> | 01/25/2036 | 79615 |
| 27133231 | &nbsp;&nbsp;&nbsp;Series 2005-77T1-1A1 | 6.00% | 02/25/2036 | 12021337 |
| 393641 | &nbsp;&nbsp;&nbsp;Series 2005-79CB-A5 | 5.50% | 01/25/2036 | 211431 |
| 16630982 | &nbsp;&nbsp;&nbsp;Series 2005-80CB-4A1 | 6.00% | 02/25/2036 | 7168434 |
| 18379328 | &nbsp;&nbsp;&nbsp;Series 2005-85CB-1A1 | 6.00% | 02/25/2036 | 6813217 |
| 992643 | &nbsp;&nbsp;&nbsp;Series 2005-85CB-2A6 (-4 x 1 mo. Term SOFR + 21.21%, 0.00% Floor, 21.63% Cap) | 7.53 %<sup>(g)</sup> | 02/25/2036 | 820321 |
| 778092 | &nbsp;&nbsp;&nbsp;Series 2005-86CB-A5 | 5.50% | 02/25/2036 | 432479 |
| 2751431 | &nbsp;&nbsp;&nbsp;Series 2005-J1-5A3 | 5.50% | 02/25/2035 | 2686200 |
| 11867 | &nbsp;&nbsp;&nbsp;Series 2005-J1-7A1 | 5.50% | 02/01/2035 | 9655 |
| 1000608 | &nbsp;&nbsp;&nbsp;Series 2005-J10-1A11 | 5.50% | 10/25/2035 | 636074 |
| 227715 | &nbsp;&nbsp;&nbsp;Series 2005-J10-1A13 (1 mo. Term SOFR + 0.81%, 0.70% Floor, 5.50% Cap) | 4.55% | 10/25/2035 | 130864 |
| 106672 | &nbsp;&nbsp;&nbsp;Series 2005-J10-1A15 | 5.50% | 10/25/2035 | 67810 |
| 342643 | &nbsp;&nbsp;&nbsp;Series 2005-J11-1A3 | 5.50% | 11/25/2035 | 182675 |
| 315129 | &nbsp;&nbsp;&nbsp;Series 2005-J13-2A5 (1 mo. Term SOFR + 0.59%, 0.48% Floor, 5.50% Cap) | 4.33% | 11/25/2035 | 191355 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 630259 | &nbsp;&nbsp;&nbsp;Series 2005-J13-2A6 (-1 x 1 mo. Term SOFR + 4.91%, 0.00% Floor, 5.02% Cap) | 1.17 %<sup>(f)(g)</sup> | 11/25/2035 | 44027 |
| 371760 | &nbsp;&nbsp;&nbsp;Series 2005-J2-1A5 (1 mo. Term SOFR + 0.61%, 0.50% Floor, 5.50% Cap) | 4.35% | 04/25/2035 | 287160 |
| 1143877 | &nbsp;&nbsp;&nbsp;Series 2005-J2-1A6 (-1 x 1 mo. Term SOFR + 4.89%, 0.00% Floor, 5.00% Cap) | 1.15 %<sup>(f)(g)</sup> | 04/25/2035 | 67735 |
| 2406260 | &nbsp;&nbsp;&nbsp;Series 2005-J3-2A8 (1 mo. Term SOFR + 0.41%, 0.30% Floor, 5.50% Cap) | 4.15% | 05/25/2035 | 1811663 |
| 2406260 | &nbsp;&nbsp;&nbsp;Series 2005-J3-2A9 (-1 x 1 mo. Term SOFR + 5.09%, 0.00% Floor, 5.20% Cap) | 1.35 %<sup>(f)(g)</sup> | 05/25/2035 | 157550 |
| 2436313 | &nbsp;&nbsp;&nbsp;Series 2006-12CB-A3 (1 mo. Term SOFR + 5.75%, 5.75% Floor) | 5.75% | 05/25/2036 | 1141486 |
| 3002693 | &nbsp;&nbsp;&nbsp;Series 2006-12CB-A8 | 6.00% | 05/25/2036 | 1462319 |
| 26974954 | &nbsp;&nbsp;&nbsp;Series 2006-15CB-A1 | 6.50% | 06/25/2036 | 12078888 |
| 2477376 | &nbsp;&nbsp;&nbsp;Series 2006-16CB-A7 | 6.00% | 06/25/2036 | 1280040 |
| 655684 | &nbsp;&nbsp;&nbsp;Series 2006-18CB-A12 (1 mo. Term SOFR + 0.71%, 0.60% Floor, 6.00% Cap) | 4.45% | 07/25/2036 | 253890 |
| 655684 | &nbsp;&nbsp;&nbsp;Series 2006-18CB-A13 (-1 x 1 mo. Term SOFR + 5.39%, 0.00% Floor, 5.50% Cap) | 1.65 %<sup>(f)(g)</sup> | 07/25/2036 | 75298 |
| 3185669 | &nbsp;&nbsp;&nbsp;Series 2006-19CB-A12 (1 mo. Term SOFR + 0.51%, 0.40% Floor, 6.00% Cap) | 4.25% | 08/25/2036 | 1345995 |
| 4319958 | &nbsp;&nbsp;&nbsp;Series 2006-19CB-A13 (-1 x 1 mo. Term SOFR + 5.49%, 0.00% Floor, 5.60% Cap) | 1.75 %<sup>(f)(g)</sup> | 08/25/2036 | 515845 |
| 664941 | &nbsp;&nbsp;&nbsp;Series 2006-19CB-A15Pool 2006-1 | 6.00% | 08/25/2036 | 368826 |
| 4104563 | &nbsp;&nbsp;&nbsp;Series 2006-23CB-2A3 | 6.50% | 08/25/2036 | 1164970 |
| 1189331 | &nbsp;&nbsp;&nbsp;Series 2006-24CB-A11 | 5.75% | 08/25/2036 | 573628 |
| 3481025 | &nbsp;&nbsp;&nbsp;Series 2006-24CB-A14 (-1 x 1 mo. Term SOFR + 7.04%, 0.00% Floor, 7.15% Cap) | 3.30 %<sup>(f)(g)</sup> | 08/25/2036 | 682743 |
| 2791329 | &nbsp;&nbsp;&nbsp;Series 2006-24CB-A22 | 6.00% | 08/25/2036 | 1394244 |
| 2995934 | &nbsp;&nbsp;&nbsp;Series 2006-24CB-A5 (1 mo. Term SOFR + 0.71%, 0.06% Floor, 6.00% Cap) | 4.45% | 08/25/2036 | 1210525 |
| 1392876 | &nbsp;&nbsp;&nbsp;Series 2006-26CB-A17 | 6.25% | 09/25/2036 | 641047 |
| 1787875 | &nbsp;&nbsp;&nbsp;Series 2006-26CB-A9 | 6.50% | 09/25/2036 | 853511 |
| 2381720 | &nbsp;&nbsp;&nbsp;Series 2006-29T1-1A2 | 6.25% | 10/25/2036 | 1282206 |
| 355364 | &nbsp;&nbsp;&nbsp;Series 2006-29T1-2A12 (-7 x 1 mo. Term SOFR + 45.41%, 0.00% Floor, 46.15% Cap) | 21.15 %<sup>(g)</sup> | 10/25/2036 | 494707 |
| 217668 | &nbsp;&nbsp;&nbsp;Series 2006-29T1-2A23 (-4 x 1 mo. Term SOFR + 32.87%, 0.00% Floor, 33.37% Cap) | 16.70 %<sup>(g)</sup> | 10/25/2036 | 252365 |
| 1841724 | &nbsp;&nbsp;&nbsp;Series 2006-2CB-A9 | 6.00% | 03/25/2036 | 819172 |
| 2227187 | &nbsp;&nbsp;&nbsp;Series 2006-30T1-1A2 | 6.25% | 11/25/2036 | 1628302 |
| 1904434 | &nbsp;&nbsp;&nbsp;Series 2006-32CB-A1 (1 mo. Term SOFR + 0.78%, 0.67% Floor, 6.00% Cap) | 4.52% | 11/25/2036 | 849564 |
| 3176595 | &nbsp;&nbsp;&nbsp;Series 2006-32CB-A2 (-1 x 1 mo. Term SOFR + 5.22%, 0.00% Floor, 5.33% Cap) | 1.48 %<sup>(f)(g)</sup> | 11/25/2036 | 319781 |
| 7306149 | &nbsp;&nbsp;&nbsp;Series 2006-36T2-2A1 | 6.25% | 12/25/2036 | 2922802 |
| 589736 | &nbsp;&nbsp;&nbsp;Series 2006-36T2-2A4 | 6.25% | 12/25/2036 | 235922 |
| 652619 | &nbsp;&nbsp;&nbsp;Series 2006-39CB-1A10 | 6.00% | 01/25/2037 | 536256 |
| 13057508 | &nbsp;&nbsp;&nbsp;Series 2006-39CB-2A2 (-1 x 1 mo. Term SOFR + 6.44%, 0.00% Floor, 6.55% Cap) | 2.70 %<sup>(f)(g)</sup> | 01/25/2037 | 741984 |
| 4446698 | &nbsp;&nbsp;&nbsp;Series 2006-39CB-2A4 (1 mo. Term SOFR + 0.56%, 0.45% Floor, 7.00% Cap) | 4.30% | 01/25/2037 | 482924 |
| 1031951 | &nbsp;&nbsp;&nbsp;Series 2006-40T1-1A11 | 6.00% | 01/25/2037 | 618422 |
| 1756481 | &nbsp;&nbsp;&nbsp;Series 2006-40T1-1A4 (-1 x 1 mo. Term SOFR + 5.34%, 0.00% Floor, 5.45% Cap) | 1.60 %<sup>(f)(g)</sup> | 01/25/2037 | 192024 |
| 2632339 | &nbsp;&nbsp;&nbsp;Series 2006-41CB-1A10 | 6.00% | 01/25/2037 | 1312446 |
| 6437837 | &nbsp;&nbsp;&nbsp;Series 2006-41CB-1A15 (-1 x 1 mo. Term SOFR + 5.29%, 0.00% Floor, 5.40% Cap) | 1.55 %<sup>(f)(g)</sup> | 01/25/2037 | 693665 |
| 6437837 | &nbsp;&nbsp;&nbsp;Series 2006-41CB-1A2 (1 mo. Term SOFR + 0.71%, 0.60% Floor, 6.00% Cap) | 4.45% | 01/25/2037 | 2454987 |
| 2771910 | &nbsp;&nbsp;&nbsp;Series 2006-41CB-1A9 | 6.00% | 01/25/2037 | 1382034 |
| 3399303 | &nbsp;&nbsp;&nbsp;Series 2006-42-1A1 (1 mo. Term SOFR + 0.71%, 0.60% Floor, 6.00% Cap) | 4.45% | 01/25/2047 | 1408624 |
| 3399303 | &nbsp;&nbsp;&nbsp;Series 2006-42-1A2 (-1 x 1 mo. Term SOFR + 5.29%, 0.00% Floor, 5.40% Cap) | 1.55 %<sup>(f)(g)</sup> | 01/25/2047 | 374302 |
| 2263759 | &nbsp;&nbsp;&nbsp;Series 2006-42-1A3 | 6.00% | 01/25/2047 | 1210752 |
| 2541464 | &nbsp;&nbsp;&nbsp;Series 2006-43CB-1A12 | 5.75% | 02/25/2037 | 1205309 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 8793133 | &nbsp;&nbsp;&nbsp;Series 2006-43CB-1A6 | 6.00% | 02/25/2037 | 4331956 |
| 9721598 | &nbsp;&nbsp;&nbsp;Series 2006-45T1-1A1 (1 mo. Term SOFR + 0.61%, 6.00% Floor, 6.00% Cap) | 6.00% | 02/25/2037 | 3414393 |
| 3135999 | &nbsp;&nbsp;&nbsp;Series 2006-45T1-1A4 (1 mo. Term SOFR + 0.71%, 0.60% Floor, 6.00% Cap) | 4.45% | 02/25/2037 | 834120 |
| 3135999 | &nbsp;&nbsp;&nbsp;Series 2006-45T1-1A5 (-1 x 1 mo. Term SOFR + 5.29%, 0.00% Floor, 5.40% Cap) | 1.55 %<sup>(f)(g)</sup> | 02/25/2037 | 261216 |
| 1348746 | &nbsp;&nbsp;&nbsp;Series 2006-45T1-2A2 | 6.00% | 02/25/2037 | 725077 |
| 5145293 | &nbsp;&nbsp;&nbsp;Series 2006-4CB-1A1 | 6.00% | 04/25/2036 | 2334494 |
| 505492 | &nbsp;&nbsp;&nbsp;Series 2006-6CB-1A4Pool 0066CB | 5.50% | 05/25/2036 | 414213 |
| 4000801 | &nbsp;&nbsp;&nbsp;Series 2006-7CB-1A14 | 6.00% | 05/25/2036 | 2020392 |
| 6976675 | &nbsp;&nbsp;&nbsp;Series 2006-7CB-1A16 | 6.00% | 05/25/2036 | 3523198 |
| 2137653 | &nbsp;&nbsp;&nbsp;Series 2006-7CB-1A6 | 6.00% | 05/25/2036 | 1085132 |
| 2165040 | &nbsp;&nbsp;&nbsp;Series 2006-7CB-1A9 | 6.00% | 05/25/2036 | 1093338 |
| 798710 | &nbsp;&nbsp;&nbsp;Series 2006-9T1-A11 | 6.00% | 05/25/2036 | 303954 |
| 1613920 | &nbsp;&nbsp;&nbsp;Series 2006-J1-1A10 | 5.50% | 02/25/2036 | 1079429 |
| 3274582 | &nbsp;&nbsp;&nbsp;Series 2006-J1-1A3 | 5.50% | 02/25/2036 | 2190119 |
| 748188 | &nbsp;&nbsp;&nbsp;Series 2006-J4-2A2 | 6.00% | 07/25/2036 | 416086 |
| 1035999 | &nbsp;&nbsp;&nbsp;Series 2006-J7-1A1 | 6.25% | 11/25/2036 | 474000 |
| 23611820 | &nbsp;&nbsp;&nbsp;Series 2006-OA21-A1 (1 mo. Term SOFR + 0.30%, 0.19% Floor) | 4.04% | 03/20/2047 | 20808167 |
| 1963868 | &nbsp;&nbsp;&nbsp;Series 2006-OA7-1A2 (12 Month US Treasury Average + 0.94%, 0.94% Floor) | 4.97% | 06/25/2046 | 1968640 |
| 581407 | &nbsp;&nbsp;&nbsp;Series 2007-11T1-A24 (-6 x 1 mo. Term SOFR + 39.21%, 0.00% Floor, 39.90% Cap) | 16.82 %<sup>(g)</sup> | 05/25/2037 | 676113 |
| 9083009 | &nbsp;&nbsp;&nbsp;Series 2007-12T1-A11 | 6.00% | 06/25/2037 | 3993973 |
| 7955564 | &nbsp;&nbsp;&nbsp;Series 2007-15CB-A1 | 6.00% | 07/25/2037 | 6600570 |
| 4746198 | &nbsp;&nbsp;&nbsp;Series 2007-15CB-A2 | 5.75% | 07/25/2037 | 2651702 |
| 5693718 | &nbsp;&nbsp;&nbsp;Series 2007-15CB-A5 | 5.75% | 07/25/2037 | 3181082 |
| 7080944 | &nbsp;&nbsp;&nbsp;Series 2007-16CB-2A1 (1 mo. Term SOFR + 0.56%, 0.45% Floor, 7.00% Cap) | 4.30% | 08/25/2037 | 2177923 |
| 2050465 | &nbsp;&nbsp;&nbsp;Series 2007-16CB-2A2 (-8 x 1 mo. Term SOFR + 53.63%, 0.00% Floor, 54.58% Cap) | 22.53 %<sup>(g)</sup> | 08/25/2037 | 2800536 |
| 2239899 | &nbsp;&nbsp;&nbsp;Series 2007-16CB-4A7 | 6.00% | 08/25/2037 | 1617953 |
| 4596536 | &nbsp;&nbsp;&nbsp;Series 2007-17CB-1A10 (-5 x 1 mo. Term SOFR + 29.37%, 0.00% Floor, 29.90% Cap) | 12.21 %<sup>(g)</sup> | 08/25/2037 | 4014384 |
| 660733 | &nbsp;&nbsp;&nbsp;Series 2007-18CB-2A25 | 6.00% | 08/25/2037 | 384674 |
| 577413 | &nbsp;&nbsp;&nbsp;Series 2007-19-1A10 (-6 x 1 mo. Term SOFR + 38.31%, 0.00% Floor, 39.00% Cap) | 15.92 %<sup>(g)</sup> | 08/25/2037 | 599872 |
| 10348933 | &nbsp;&nbsp;&nbsp;Series 2007-19-1A34 | 6.00% | 08/25/2037 | 4710142 |
| 8486729 | &nbsp;&nbsp;&nbsp;Series 2007-19-1A4 | 6.00% | 08/25/2037 | 3862591 |
| 26890368 | &nbsp;&nbsp;&nbsp;Series 2007-19-2A1 | 6.50% | 08/25/2037 | 11230028 |
| 2626233 | &nbsp;&nbsp;&nbsp;Series 2007-21CB-2A2 (-4 x 1 mo. Term SOFR + 27.94%, 0.00% Floor, 28.40% Cap) | 13.02 %<sup>(g)</sup> | 09/25/2037 | 2015043 |
| 17434196 | &nbsp;&nbsp;&nbsp;Series 2007-22-2A16 | 6.50% | 09/25/2037 | 6105506 |
| 6451343 | &nbsp;&nbsp;&nbsp;Series 2007-23CB-A3 (1 mo. Term SOFR + 0.61%, 0.50% Floor, 7.00% Cap) | 4.35% | 09/25/2037 | 2201839 |
| 9155793 | &nbsp;&nbsp;&nbsp;Series 2007-23CB-A4 (-1 x 1 mo. Term SOFR + 6.39%, 0.00% Floor, 6.50% Cap) | 2.65 %<sup>(f)(g)</sup> | 09/25/2037 | 1484287 |
| 935627 | &nbsp;&nbsp;&nbsp;Series 2007-24-A2 (-6 x 1 mo. Term SOFR + 41.01%, 0.00% Floor, 41.70% Cap) | 18.62 %<sup>(g)</sup> | 10/25/2037 | 731688 |
| 1870859 | &nbsp;&nbsp;&nbsp;Series 2007-24-A3 (-1 x 1 mo. Term SOFR + 6.84%, 0.00% Floor, 6.95% Cap) | 3.10 %<sup>(f)(g)</sup> | 10/25/2037 | 242455 |
| 3069148 | &nbsp;&nbsp;&nbsp;Series 2007-24-A4 (1 mo. Term SOFR + 0.81%, 0.70% Floor, 7.00% Cap) | 4.55% | 10/25/2037 | 640245 |
| 4059210 | &nbsp;&nbsp;&nbsp;Series 2007-24-A6 (1 mo. Term SOFR + 1.11%, 1.00% Floor, 7.00% Cap) | 4.85% | 10/25/2037 | 906319 |
| 2935219 | &nbsp;&nbsp;&nbsp;Series 2007-2CB-1A4 (1 mo. Term SOFR + 1.11%, 5.75% Floor, 100.00% Cap) | 5.75% | 03/25/2037 | 1474453 |
| 3335717 | &nbsp;&nbsp;&nbsp;Series 2007-5CB-1A18 (-1 x 1 mo. Term SOFR + 5.54%, 0.00% Floor, 5.65% Cap) | 1.80 %<sup>(f)(g)</sup> | 04/25/2037 | 385946 |
| 3335717 | &nbsp;&nbsp;&nbsp;Series 2007-5CB-1A23 (1 mo. Term SOFR + 0.66%, 0.55% Floor, 6.00% Cap) | 4.40% | 04/25/2037 | 1276698 |
| 13286092 | &nbsp;&nbsp;&nbsp;Series 2007-5CB-1A31 | 5.50% | 04/25/2037 | 5900095 |
| 5708768 | &nbsp;&nbsp;&nbsp;Series 2007-5CB-2A1 | 6.00% | 04/25/2037 | 2514633 |
| 4442968 | &nbsp;&nbsp;&nbsp;Series 2007-6-A1 | 5.75% | 04/25/2047 | 2250970 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 4871750 | &nbsp;&nbsp;&nbsp;Series 2007-6-A4 | 5.75% | 04/25/2047 | 2468206 |
| 1279533 | &nbsp;&nbsp;&nbsp;Series 2007-7T2-A8 | 6.00% | 04/25/2037 | 513307 |
| 220930 | &nbsp;&nbsp;&nbsp;Series 2007-8CB-A12 (-6 x 1 mo. Term SOFR + 39.51%, 0.00% Floor, 40.20% Cap) | 17.12 %<sup>(g)</sup> | 05/25/2037 | 270564 |
| 235839 | &nbsp;&nbsp;&nbsp;Series 2007-8CB-A8 (-6 x 1 mo. Term SOFR + 39.39%, 0.00% Floor, 40.08% Cap) | 17.00 %<sup>(g)</sup> | 05/25/2037 | 286899 |
| 385648 | &nbsp;&nbsp;&nbsp;Series 2007-9T1-1A4 (1 mo. Term SOFR + 0.61%, 0.50% Floor, 6.00% Cap) | 4.35% | 05/25/2037 | 133619 |
| 385648 | &nbsp;&nbsp;&nbsp;Series 2007-9T1-1A5 (-1 x 1 mo. Term SOFR + 5.39%, 0.00% Floor, 5.50% Cap) | 1.65 %<sup>(f)(g)</sup> | 05/25/2037 | 40323 |
| 1412121 | &nbsp;&nbsp;&nbsp;Series 2007-9T1-2A1 | 6.00% | 05/25/2037 | 571464 |
| 14713235 | &nbsp;&nbsp;&nbsp;Series 2007-HY2-1A | 4.94 %<sup>(b)</sup> | 03/25/2047 | 13944404 |
| 10677751 | &nbsp;&nbsp;&nbsp;Series 2007-HY4-4A1 | 4.32 %<sup>(b)</sup> | 06/25/2037 | 10430573 |
|  | Countrywide Asset-Backed Certificates |  |  |  |
| 17544000 | &nbsp;&nbsp;&nbsp;Series 2005-11-MF1 | 5.35 %<sup>(b)</sup> | 02/25/2036 | 15300191 |
| 15815498 | &nbsp;&nbsp;&nbsp;Series 2006-25-1A (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 4.13% | 06/25/2047 | 15149044 |
| 4464171 | &nbsp;&nbsp;&nbsp;Series 2006-26-1A (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 4.13% | 06/25/2037 | 4189054 |
| 20195140 | &nbsp;&nbsp;&nbsp;Series 2007-4-A5 | 4.36 %<sup>(d)</sup> | 04/25/2047 | 15714881 |
| 8024321 | &nbsp;&nbsp;&nbsp;Series 2007-BC1-1A (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 4.13% | 05/25/2037 | 7748527 |
|  | Countrywide Home Loan Mortgage Pass Through Trust |  |  |  |
| 317532 | &nbsp;&nbsp;&nbsp;Series 2003-60-4A1 | 6.77 %<sup>(b)</sup> | 02/25/2034 | 316888 |
| 449239 | &nbsp;&nbsp;&nbsp;Series 2004-R2-1AF1 (1 mo. Term SOFR + 0.53%, 0.42% Floor, 9.50% Cap) | 4.41 %<sup>(a)</sup> | 11/25/2034 | 429063 |
| 437108 | &nbsp;&nbsp;&nbsp;Series 2004-R2-1AS | 1.97 %<sup>(a)(b)(f)</sup> | 11/25/2034 | 25581 |
| 11329220 | &nbsp;&nbsp;&nbsp;Series 2005-17-2A1 | 5.50% | 09/25/2035 | 4819942 |
| 2031234 | &nbsp;&nbsp;&nbsp;Series 2005-18-A1 | 5.50% | 10/25/2035 | 962775 |
| 1740929 | &nbsp;&nbsp;&nbsp;Series 2005-20-A5 | 5.50% | 10/25/2035 | 1024124 |
| 1274307 | &nbsp;&nbsp;&nbsp;Series 2005-20-A8 | 5.25% | 10/25/2035 | 745601 |
| 5471267 | &nbsp;&nbsp;&nbsp;Series 2005-23-A1 | 5.50% | 11/25/2035 | 2997785 |
| 1244558 | &nbsp;&nbsp;&nbsp;Series 2005-24-A8 | 5.50% | 11/25/2035 | 621096 |
| 1800436 | &nbsp;&nbsp;&nbsp;Series 2005-26-1A12 | 5.50% | 11/25/2035 | 1048293 |
| 428027 | &nbsp;&nbsp;&nbsp;Series 2005-27-2A1 | 5.50% | 12/25/2035 | 162489 |
| 720397 | &nbsp;&nbsp;&nbsp;Series 2005-28-A7 | 5.25% | 11/01/2035 | 365786 |
| 5207175 | &nbsp;&nbsp;&nbsp;Series 2005-HYB1-4A1 | 4.92 %<sup>(b)</sup> | 03/25/2035 | 4920971 |
| 26857 | &nbsp;&nbsp;&nbsp;Series 2005-HYB8-1A1 | 5.33 %<sup>(b)</sup> | 12/20/2035 | 26803 |
| 4717209 | &nbsp;&nbsp;&nbsp;Series 2005-HYB8-4A1 | 4.50 %<sup>(b)</sup> | 12/20/2035 | 4285100 |
| 487042 | &nbsp;&nbsp;&nbsp;Series 2005-J3-2A4 | 4.50% | 09/25/2035 | 429564 |
| 565154 | &nbsp;&nbsp;&nbsp;Series 2005-J4-A5 | 5.50% | 11/25/2035 | 466002 |
| 136114 | &nbsp;&nbsp;&nbsp;Series 2005-R1-1AF1 (1 mo. Term SOFR + 0.47%, 0.36% Floor, 9.50% Cap) | 4.21 %<sup>(a)</sup> | 03/25/2035 | 131904 |
| 136332 | &nbsp;&nbsp;&nbsp;Series 2005-R1-1AS | 2.07 %<sup>(a)(b)(f)</sup> | 03/25/2035 | 6702 |
| 6189240 | &nbsp;&nbsp;&nbsp;Series 2006-1-A2 | 6.00% | 03/25/2036 | 2999777 |
| 4174649 | &nbsp;&nbsp;&nbsp;Series 2006-14-A5 | 6.25% | 09/25/2036 | 1619438 |
| 2972653 | &nbsp;&nbsp;&nbsp;Series 2006-16-2A1 | 6.50% | 11/25/2036 | 769484 |
| 1225156 | &nbsp;&nbsp;&nbsp;Series 2006-20-1A21 | 6.00% | 02/25/2037 | 532418 |
| 13272035 | &nbsp;&nbsp;&nbsp;Series 2006-8-1A3 | 6.00% | 05/25/2036 | 7636363 |
| 157180 | &nbsp;&nbsp;&nbsp;Series 2006-J3-A4 | 5.50% | 05/25/2036 | 157487 |
| 3806570 | &nbsp;&nbsp;&nbsp;Series 2007-10-A7 | 6.00% | 07/25/2037 | 1675613 |
| 12915950 | &nbsp;&nbsp;&nbsp;Series 2007-11-A1 | 6.00% | 08/25/2037 | 5378788 |
| 6266430 | &nbsp;&nbsp;&nbsp;Series 2007-12-A9 | 5.75% | 08/25/2037 | 3100023 |
| 2775090 | &nbsp;&nbsp;&nbsp;Series 2007-13-A1 | 6.00% | 08/25/2037 | 1241052 |
| 4547138 | &nbsp;&nbsp;&nbsp;Series 2007-13-A10 | 6.00% | 08/25/2037 | 2033533 |
| 3084734 | &nbsp;&nbsp;&nbsp;Series 2007-15-1A1 | 6.25% | 09/25/2037 | 1812862 |
| 430867 | &nbsp;&nbsp;&nbsp;Series 2007-15-1A16 | 6.25% | 09/25/2037 | 253215 |
| 1241310 | &nbsp;&nbsp;&nbsp;Series 2007-15-1A2 | 6.25% | 09/25/2037 | 729243 |
| 1515806 | &nbsp;&nbsp;&nbsp;Series 2007-15-1A29 | 6.25% | 09/25/2037 | 890790 |
| 2348590 | &nbsp;&nbsp;&nbsp;Series 2007-17-1A2 | 6.00% | 10/25/2037 | 1600239 |
| 317549 | &nbsp;&nbsp;&nbsp;Series 2007-18-1A1 | 6.00% | 11/25/2037 | 135952 |
| 1299301 | &nbsp;&nbsp;&nbsp;Series 2007-2-A2 | 6.00% | 03/25/2037 | 542670 |
| 34102522 | &nbsp;&nbsp;&nbsp;Series 2007-21-1A1 | 6.25% | 02/25/2038 | 14686098 |
| 3511582 | &nbsp;&nbsp;&nbsp;Series 2007-3-A1 | 6.00% | 04/25/2037 | 1577617 |
| 1352434 | &nbsp;&nbsp;&nbsp;Series 2007-3-A12 | 6.00% | 04/25/2037 | 607596 |
| 3100048 | &nbsp;&nbsp;&nbsp;Series 2007-4-1A39 | 6.00% | 05/25/2037 | 1246110 |
| 1056696 | &nbsp;&nbsp;&nbsp;Series 2007-5-A2 | 5.75% | 05/25/2037 | 493291 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 4080850 | &nbsp;&nbsp;&nbsp;Series 2007-7-A1 | 6.00% | 06/25/2037 | 1904557 |
| 1833988 | &nbsp;&nbsp;&nbsp;Series 2007-7-A11 | 5.50% | 06/25/2037 | 786597 |
| 1223299 | &nbsp;&nbsp;&nbsp;Series 2007-7-A2 | 5.75% | 06/25/2037 | 547797 |
| 4281760 | &nbsp;&nbsp;&nbsp;Series 2007-8-1A4 | 6.00% | 01/25/2038 | 1750542 |
| 2247052 | &nbsp;&nbsp;&nbsp;Series 2007-8-1A5 | 5.44% | 01/25/2038 | 853159 |
| 3641985 | &nbsp;&nbsp;&nbsp;Series 2007-8-1A8 | 6.00% | 01/25/2038 | 1489003 |
| 5217182 | &nbsp;&nbsp;&nbsp;Series 2007-8-1A9 (1 mo. Term SOFR + 6.00%, 4.00% Floor, 6.00% Cap) | 6.00% | 01/25/2038 | 2105078 |
| 4991005 | &nbsp;&nbsp;&nbsp;Series 2007-9-A1 | 5.75% | 07/25/2037 | 2229473 |
| 656855 | &nbsp;&nbsp;&nbsp;Series 2007-9-A11 | 5.75% | 07/25/2037 | 293416 |
| 2626900 | &nbsp;&nbsp;&nbsp;Series 2007-HY1-1A1 | 4.59 %<sup>(b)</sup> | 04/25/2037 | 2453453 |
| 7275216 | &nbsp;&nbsp;&nbsp;Series 2007-HYB1-2A1 | 4.02 %<sup>(b)</sup> | 03/25/2037 | 6192023 |
| 390670 | &nbsp;&nbsp;&nbsp;Series 2007-J3-A1 (1 mo. Term SOFR + 0.61%, 0.50% Floor, 6.00% Cap) | 4.35% | 07/25/2037 | 123813 |
| 1953348 | &nbsp;&nbsp;&nbsp;Series 2007-J3-A2 (-1 x 1 mo. Term SOFR + 5.39%, 0.00% Floor, 5.50% Cap) | 1.65 %<sup>(f)(g)</sup> | 07/25/2037 | 177136 |
|  | Credit Suisse First Boston Mortgage Securities Corp. |  |  |  |
| 1588508 | &nbsp;&nbsp;&nbsp;Series 2005-10-5A4 | 5.50% | 11/25/2035 | 1110775 |
| 334428 | &nbsp;&nbsp;&nbsp;Series 2005-10-5A5 | 5.50% | 11/25/2035 | 233871 |
|  | Credit Suisse Management LLC |  |  |  |
| 3370121 | &nbsp;&nbsp;&nbsp;Series 2005-11-2A1 | 6.00% | 12/25/2035 | 2176111 |
| 4526467 | &nbsp;&nbsp;&nbsp;Series 2005-12-5A1 | 5.25% | 01/25/2036 | 3952874 |
| 9680346 | &nbsp;&nbsp;&nbsp;Series 2005-12-7A1 (1 mo. Term SOFR) | 7.00% | 01/25/2036 | 1568652 |
| 2165626 | &nbsp;&nbsp;&nbsp;Series 2005-8-3A10 | 5.50% | 09/25/2035 | 1685823 |
| 3360741 | &nbsp;&nbsp;&nbsp;Series 2005-8-7A1 | 7.00% | 09/25/2035 | 1346826 |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 704396 | &nbsp;&nbsp;&nbsp;Series 2005-1R-2A5 | 5.75 %<sup>(a)</sup> | 12/26/2035 | 460102 |
| 11358075 | &nbsp;&nbsp;&nbsp;Series 2006-1-2A1 | 6.00% | 02/25/2036 | 3001865 |
| 2225306 | &nbsp;&nbsp;&nbsp;Series 2006-2-5A1 (1 mo. Term SOFR + 0.81%, 0.70% Floor, 6.00% Cap) | 4.55% | 03/25/2036 | 663850 |
| 12438440 | &nbsp;&nbsp;&nbsp;Series 2006-2-5A2 (-1 x 1 mo. Term SOFR + 5.19%, 0.00% Floor, 5.30% Cap) | 1.45 %<sup>(f)(g)</sup> | 03/25/2036 | 1006180 |
| 2590910 | &nbsp;&nbsp;&nbsp;Series 2006-2-5A3 | 6.25% | 03/25/2036 | 985823 |
| 7012038 | &nbsp;&nbsp;&nbsp;Series 2006-2-5A4 | 6.00% | 03/25/2036 | 2562643 |
| 745679 | &nbsp;&nbsp;&nbsp;Series 2006-3-4A3 | 5.50% | 04/25/2036 | 458742 |
| 450782 | &nbsp;&nbsp;&nbsp;Series 2006-3-4A4 | 5.50% | 04/25/2036 | 277321 |
| 2364579 | &nbsp;&nbsp;&nbsp;Series 2006-4-1A8 (1 mo. Term SOFR + 1.11%, 6.00% Floor, 6.00% Cap) | 6.00% | 05/25/2036 | 1219513 |
| 20337536 | &nbsp;&nbsp;&nbsp;Series 2006-4-4A1 | 7.00 %<sup>(b)</sup> | 05/25/2036 | 5089452 |
| 7094686 | &nbsp;&nbsp;&nbsp;Series 2006-4-6A1 | 6.00% | 05/25/2036 | 2473340 |
| 6519187 | &nbsp;&nbsp;&nbsp;Series 2006-6-1A4 | 6.00% | 07/25/2036 | 2843452 |
| 10035754 | &nbsp;&nbsp;&nbsp;Series 2006-6-3A1 | 7.00% | 07/25/2036 | 2136914 |
| 109972 | &nbsp;&nbsp;&nbsp;Series 2006-7-3A11 | 6.00% | 08/25/2036 | 37563 |
| 1375783 | &nbsp;&nbsp;&nbsp;Series 2006-7-7A5 | 6.00% | 08/25/2036 | 1033300 |
| 1461891 | &nbsp;&nbsp;&nbsp;Series 2006-9-2A1 | 5.50% | 11/25/2036 | 1383460 |
| 6596751 | &nbsp;&nbsp;&nbsp;Series 2006-9-3A1 | 6.00% | 11/25/2036 | 5805781 |
| 2835371 | &nbsp;&nbsp;&nbsp;Series 2006-9-4A1 | 6.00% | 11/25/2036 | 1540022 |
| 1353268 | &nbsp;&nbsp;&nbsp;Series 2006-9-6A14 | 6.00% | 11/25/2036 | 953318 |
| 219855 | &nbsp;&nbsp;&nbsp;Series 2006-9-6A15 (-6 x 1 mo. Term SOFR + 39.21%, 0.00% Floor, 39.90% Cap) | 15.49 %<sup>(g)</sup> | 11/25/2036 | 283456 |
| 8017628 | &nbsp;&nbsp;&nbsp;Series 2007-1-1A4 (30 day avg SOFR US) | 6.13% | 02/25/2037 | 1877328 |
| 5498577 | &nbsp;&nbsp;&nbsp;Series 2007-1-3A1 | 6.00% | 02/25/2026 | 635884 |
| 19515 | &nbsp;&nbsp;&nbsp;Series 2007-2-2A1 | 5.00% | 03/25/2037 | 14774 |
| 18073836 | &nbsp;&nbsp;&nbsp;Series 2007-5-3A19 | 6.00% | 08/25/2037 | 13986469 |
| 7934988 | &nbsp;&nbsp;&nbsp;Series 2007-5-3A9 | 6.00% | 08/25/2037 | 6140911 |
| 1865662 | &nbsp;&nbsp;&nbsp;Series 2008-2R-1A1 | 6.00 %<sup>(a)</sup> | 07/25/2037 | 1608534 |
| 8270846 | &nbsp;&nbsp;&nbsp;Series 2009-11R-4A1 | 7.00 %<sup>(a)(b)</sup> | 09/26/2037 | 2083588 |
| 5751609 | &nbsp;&nbsp;&nbsp;Series 2009-12R-5A1 | 6.00 %<sup>(a)</sup> | 06/27/2036 | 2753078 |
| 1144086 | &nbsp;&nbsp;&nbsp;Series 2010-13R-1A2 | 5.50 %<sup>(a)(b)</sup> | 12/26/2035 | 1001342 |
| 11112175 | &nbsp;&nbsp;&nbsp;Series 2010-17R-6A1 | 3.93 %<sup>(a)(b)</sup> | 06/26/2037 | 10879956 |
| 4626953 | &nbsp;&nbsp;&nbsp;Series 2010-4R-3A17 | 6.00 %<sup>(a)(b)</sup> | 06/26/2037 | 4251019 |
| 2284440 | &nbsp;&nbsp;&nbsp;Series 2010-4R-8A17 | 6.00 %<sup>(a)(b)</sup> | 06/26/2037 | 2098832 |
| 8060296 | &nbsp;&nbsp;&nbsp;Series 2010-7R-1A17 | 6.00 %<sup>(a)(b)</sup> | 01/26/2037 | 4183687 |
| 6365321 | &nbsp;&nbsp;&nbsp;Series 2012-10R-4A2 | 4.54 %<sup>(a)(b)</sup> | 08/26/2046 | 4317745 |
| 7241018 | &nbsp;&nbsp;&nbsp;Series 2013-9R-A1 | 3.00 %<sup>(a)(b)</sup> | 05/27/2043 | 6602795 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 60263257 | &nbsp;&nbsp;&nbsp;Series 2017-RPL2-PT | 0.00 %<sup>(a)(b)</sup> | 02/25/2056 | 47617844 |
| 150245662 | &nbsp;&nbsp;&nbsp;Series 2019-RPL6-PT1 | 4.13 %<sup>(a)(b)</sup> | 11/25/2058 | 129684543 |
| 4227000 | &nbsp;&nbsp;&nbsp;Series 2020-AFC1-B1 | 3.45 %<sup>(a)(b)</sup> | 02/25/2050 | 3390118 |
| 150441700 | &nbsp;&nbsp;&nbsp;Series 2020-RPL1-PT1 | 3.29 %<sup>(a)(b)</sup> | 10/25/2069 | 123944329 |
| 7469850 | &nbsp;&nbsp;&nbsp;Series 2021-NQM1-B1 | 2.83 %<sup>(a)(b)</sup> | 05/25/2065 | 5776731 |
| 6225825 | &nbsp;&nbsp;&nbsp;Series 2021-NQM5-M1 | 2.17 %<sup>(a)(b)</sup> | 05/25/2066 | 4071241 |
| 3180040 | &nbsp;&nbsp;&nbsp;Series 2021-NQM6-B1 | 3.29 %<sup>(a)(b)</sup> | 07/25/2066 | 2336462 |
| 7445317 | &nbsp;&nbsp;&nbsp;Series 2021-NQM6-M1 | 2.58 %<sup>(a)(b)</sup> | 07/25/2066 | 5428332 |
| 22824620 | &nbsp;&nbsp;&nbsp;Series 2021-RPL9-A1 | 3.87 %<sup>(a)(b)</sup> | 02/25/2061 | 22755548 |
|  | Credit-Based Asset Servicing and Securitization LLC |  |  |  |
| 6492955 | &nbsp;&nbsp;&nbsp;Series 2006-CB4-AV3 (1 mo. Term SOFR + 0.41%, 0.30% Floor) | 2.89% | 05/25/2036 | 4506968 |
|  | CSAB Mortgage Backed Trust |  |  |  |
| 3768381 | &nbsp;&nbsp;&nbsp;Series 2006-3-A4B | 6.61 %<sup>(d)</sup> | 11/25/2036 | 491910 |
| 2112588 | &nbsp;&nbsp;&nbsp;Series 2006-4-A6A | 6.18 %<sup>(d)</sup> | 12/25/2036 | 292625 |
| 7601167 | &nbsp;&nbsp;&nbsp;Series 2007-1-1A1A | 5.90 %<sup>(b)</sup> | 05/25/2037 | 1591323 |
|  | CSMCM Trust |  |  |  |
| 6352902 | &nbsp;&nbsp;&nbsp;Series 2019-RPL6-CERT | 0.00 %<sup>(a)(b)</sup> | 11/25/2058 | 5028859 |
| 7865049 | &nbsp;&nbsp;&nbsp;Series 2020-RPL1-CERT | 3.23 %<sup>(a)(b)</sup> | 01/25/2046 | 6156075 |
|  | DB US Financial Markets Holding Corp. |  |  |  |
| 3106292 | &nbsp;&nbsp;&nbsp;Series 2014-RS1-3A2 (1 mo. Term SOFR + 0.51%, 0.40% Floor, 7.00% Cap) | 4.47 %<sup>(a)</sup> | 10/27/2036 | 2417501 |
|  | Deutsche ALT-A Securities, Inc. |  |  |  |
| 6217425 | &nbsp;&nbsp;&nbsp;Series 2005-4-A5 | 5.50 %<sup>(b)</sup> | 09/25/2035 | 5669313 |
| 121804 | &nbsp;&nbsp;&nbsp;Series 2005-5-1A6 (-7 x 1 mo. Term SOFR + 35.09%, 0.00% Floor, 35.93% Cap) | 7.73 %<sup>(g)</sup> | 11/25/2035 | 238614 |
| 442331 | &nbsp;&nbsp;&nbsp;Series 2005-5-2A1 (1 mo. Term SOFR + 0.31%, 0.20% Floor, 5.50% Cap) | 4.05% | 11/25/2035 | 169064 |
| 1335003 | &nbsp;&nbsp;&nbsp;Series 2005-5-2A2 (-1 x 1 mo. Term SOFR + 5.19%, 0.00% Floor, 5.30% Cap) | 1.45 %<sup>(f)(g)</sup> | 11/25/2035 | 101256 |
| 3795590 | &nbsp;&nbsp;&nbsp;Series 2005-6-2A1 | 5.50% | 12/25/2035 | 3248322 |
| 2334188 | &nbsp;&nbsp;&nbsp;Series 2006-AB1-A1C | 5.67 %<sup>(b)</sup> | 02/25/2036 | 2144432 |
| 315410 | &nbsp;&nbsp;&nbsp;Series 2006-AB2-A2 (1 mo. Term SOFR) | 6.16% | 06/25/2036 | 292621 |
| 558674 | &nbsp;&nbsp;&nbsp;Series 2006-AB4-A1A (30 day avg SOFR US) | 6.01% | 10/25/2036 | 490037 |
| 7801423 | &nbsp;&nbsp;&nbsp;Series 2006-AB4-A2 | 5.65 %<sup>(b)</sup> | 10/25/2036 | 6844973 |
| 555757 | &nbsp;&nbsp;&nbsp;Series 2006-AB4-A3 | 5.90 %<sup>(b)</sup> | 10/25/2036 | 487522 |
| 807853 | &nbsp;&nbsp;&nbsp;Series 2006-AB4-A3A1 | 5.90 %<sup>(b)</sup> | 10/25/2036 | 707759 |
| 1591423 | &nbsp;&nbsp;&nbsp;Series 2006-AB4-A6A1 | 6.37 %<sup>(d)</sup> | 10/25/2036 | 1393425 |
| 10804403 | &nbsp;&nbsp;&nbsp;Series 2007-2-2A1 (1 mo. Term SOFR + 0.41%, 0.30% Floor) | 4.15% | 09/25/2047 | 9474819 |
| 13207591 | &nbsp;&nbsp;&nbsp;Series 2007-OA3-A2 (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 4.35% | 07/25/2047 | 11642088 |
|  | Deutsche Mortgage Securities, Inc. |  |  |  |
| 3417281 | &nbsp;&nbsp;&nbsp;Series 2006-PR1-3A1 | 6.71 %<sup>(a)(g)</sup> | 04/15/2036 | 3162951 |
| 453677 | &nbsp;&nbsp;&nbsp;Series 2006-PR1-4AI1 | 6.70 %<sup>(a)(g)</sup> | 04/15/2036 | 436943 |
| 740054 | &nbsp;&nbsp;&nbsp;Series 2006-PR1-4AI2 | 7.23 %<sup>(a)(g)</sup> | 04/15/2036 | 723016 |
| 213410 | &nbsp;&nbsp;&nbsp;Series 2006-PR1-5AI1 | 7.76 %<sup>(a)(g)</sup> | 04/15/2036 | 215152 |
| 1880327 | &nbsp;&nbsp;&nbsp;Series 2006-PR1-5AI3 | 7.16 %<sup>(a)(g)</sup> | 04/15/2036 | 1808443 |
| 31152085 | &nbsp;&nbsp;&nbsp;Series 2006-PR1-5AI4 | 6.71 %<sup>(a)(g)</sup> | 04/15/2036 | 29870915 |
|  | Ellington Financial Mortgage Trust |  |  |  |
| 18800000 | &nbsp;&nbsp;&nbsp;Series 2025-INV5-A3 | 5.38 %<sup>(a)(d)</sup> | 12/01/2070 | 18847102 |
| 1550000 | &nbsp;&nbsp;&nbsp;Series 2025-INV5-M1 | 5.84 %<sup>(a)(b)</sup> | 12/01/2070 | 1552867 |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM4-M1A | 5.62 %<sup>(a)(b)</sup> | 09/25/2070 | 3002388 |
| 9540000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-M1 | 5.77 %<sup>(a)(b)</sup> | 11/25/2070 | 9562749 |
| 3500000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM6-A3 | 5.40 %<sup>(a)(d)</sup> | 12/25/2070 | 3509380 |
| 15234000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM6-M1 | 5.80 %<sup>(a)(b)</sup> | 12/25/2070 | 15347539 |
|  | Equifirst Loan Securitization Trust |  |  |  |
| 7287897 | &nbsp;&nbsp;&nbsp;Series 2007-1-A2B (1 mo. Term SOFR + 0.49%, 0.38% Floor) | 4.23% | 04/25/2037 | 6852707 |
|  | Fannie Mae Connecticut Avenue Securities |  |  |  |
| 16000000 | &nbsp;&nbsp;&nbsp;Series 2025-R04-1M2 (30 day avg SOFR US + 1.50%, 0.00% Floor) | 5.37 %<sup>(a)</sup> | 05/25/2045 | 16031286 |
|  | FBR Securitization Trust |  |  |  |
| 22750000 | &nbsp;&nbsp;&nbsp;Series 2005-2-M4 (1 mo. Term SOFR + 1.04%, 0.93% Floor, 14.00% Cap) | 4.78% | 09/25/2035 | 20788395 |
| 5500000 | &nbsp;&nbsp;&nbsp;Series 2005-5-M3 (1 mo. Term SOFR + 0.85%, 0.74% Floor, 14.00% Cap) | 4.58% | 11/25/2035 | 5269334 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Fieldstone Mortgage Investment Corp. |  |  |  |
| 2665700 | &nbsp;&nbsp;&nbsp;Series 2007-1-2A2 (1 mo. Term SOFR + 0.38%, 0.27% Floor, 12.25% Cap) | 4.12% | 04/25/2047 | 1978809 |
|  | Figure line of credit trust |  |  |  |
| 9755264 | &nbsp;&nbsp;&nbsp;Series 2020-1-A | 4.04 %<sup>(a)(b)</sup> | 09/25/2049 | 9539102 |
|  | First Franklin Mortgage Loan Asset Backed Certificates |  |  |  |
| 7487708 | &nbsp;&nbsp;&nbsp;Series 2006-FF8-M1 (1 mo. Term SOFR + 0.49%, 0.38% Floor) | 4.22% | 07/25/2036 | 6602835 |
| 4000000 | &nbsp;&nbsp;&nbsp;Series 2006-FF9-2A4 (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 4.35% | 06/25/2036 | 3764234 |
| 16098448 | &nbsp;&nbsp;&nbsp;Series 2007-FF2-A1 (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 4.13% | 03/25/2037 | 8478212 |
| 19359099 | &nbsp;&nbsp;&nbsp;Series 2007-FF2-A2C (1 mo. Term SOFR + 0.41%, 0.30% Floor) | 4.15% | 03/25/2037 | 9285321 |
|  | First Horizon Alternative Mortgage Securities |  |  |  |
| 2498362 | &nbsp;&nbsp;&nbsp;Series 2005-AA4-1A1 | 4.92 %<sup>(b)</sup> | 05/25/2035 | 1062755 |
| 3105285 | &nbsp;&nbsp;&nbsp;Series 2005-FA8-1A4 | 5.50% | 11/25/2035 | 1358579 |
| 229663 | &nbsp;&nbsp;&nbsp;Series 2005-FA8-2A1 | 5.00% | 02/25/2037 | 223775 |
| 819396 | &nbsp;&nbsp;&nbsp;Series 2006-AA3-A1 | 5.00 %<sup>(b)</sup> | 06/25/2036 | 644919 |
| 1776888 | &nbsp;&nbsp;&nbsp;Series 2006-FA1-1A12 | 6.00% | 04/25/2036 | 712688 |
| 5962567 | &nbsp;&nbsp;&nbsp;Series 2006-FA1-1A3 | 5.75% | 04/25/2036 | 2293529 |
| 1164296 | &nbsp;&nbsp;&nbsp;Series 2006-FA2-1A5 | 6.00% | 05/25/2036 | 425468 |
| 1863335 | &nbsp;&nbsp;&nbsp;Series 2006-FA8-1A5 | 6.00% | 02/25/2037 | 656082 |
| 2477331 | &nbsp;&nbsp;&nbsp;Series 2006-RE1-A1 | 5.50 %<sup>(b)</sup> | 05/25/2035 | 1536763 |
| 10078915 | &nbsp;&nbsp;&nbsp;Series 2007-FA3-A3 | 6.00% | 06/25/2037 | 3019820 |
| 518612 | &nbsp;&nbsp;&nbsp;Series 2007-FA3-A4 | 6.00% | 06/25/2037 | 155385 |
| 578840 | &nbsp;&nbsp;&nbsp;Series 2007-FA4-1A13 | 6.25% | 08/25/2037 | 193890 |
| 1786923 | &nbsp;&nbsp;&nbsp;Series 2007-FA4-1A4 | 6.25% | 08/25/2037 | 598552 |
| 1015974 | &nbsp;&nbsp;&nbsp;Series 2007-FA4-1A5 | 6.25% | 08/25/2037 | 340313 |
|  | First Horizon Asset Securities, Inc. |  |  |  |
| 863883 | &nbsp;&nbsp;&nbsp;Series 2006-1-1A2 | 6.00% | 05/25/2036 | 329978 |
| 1532673 | &nbsp;&nbsp;&nbsp;Series 2007-4-1A1 | 6.00% | 08/25/2037 | 518251 |
|  | FirstKey Homes Trust |  |  |  |
| 16350000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR1-E1 | 2.39 %<sup>(a)</sup> | 08/17/2038 | 16075611 |
| 11500000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR1-E2 | 2.49 %<sup>(a)</sup> | 08/17/2038 | 11304819 |
| 8000000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR2-D | 2.06 %<sup>(a)</sup> | 09/17/2038 | 7837158 |
| 8000000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR2-E1 | 2.26 %<sup>(a)</sup> | 09/17/2038 | 7839664 |
| 8000000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR2-E2 | 2.36 %<sup>(a)</sup> | 09/17/2038 | 7840124 |
| 34891000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR3-B | 2.44 %<sup>(a)</sup> | 12/17/2038 | 34166530 |
| 29584000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR3-C | 2.54 %<sup>(a)</sup> | 12/17/2038 | 28943498 |
| 22626000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR3-D | 2.79 %<sup>(a)</sup> | 12/17/2038 | 22182641 |
| 45314000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR3-E1 | 2.99 %<sup>(a)</sup> | 12/17/2038 | 44394185 |
| 25293000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR3-E2 | 3.08 %<sup>(a)</sup> | 12/17/2038 | 24768264 |
| 10174000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR3-F1 | 3.58 %<sup>(a)</sup> | 12/17/2038 | 9963093 |
|  | Freddie Mac Structured Agency Credit Risk Debt Notes |  |  |  |
| 75600000 | &nbsp;&nbsp;&nbsp;Series 2022-DNA3-M1B (30 day avg SOFR US + 2.90%, 0.00% Floor) | 6.77 %<sup>(a)</sup> | 04/25/2042 | 77520633 |
| 32416 | &nbsp;&nbsp;&nbsp;Series 2024-DNA3-M1 (30 day avg SOFR US + 1.00%, 0.00% Floor) | 4.87 %<sup>(a)</sup> | 10/25/2044 | 32407 |
| 17307447 | &nbsp;&nbsp;&nbsp;Series 2024-HQA2-M1 (30 day avg SOFR US + 1.20%, 0.00% Floor) | 5.07 %<sup>(a)</sup> | 08/25/2044 | 17326049 |
| 23000000 | &nbsp;&nbsp;&nbsp;Series 2024-HQA2-M2 (30 day avg SOFR US + 1.80%, 0.00% Floor) | 5.67 %<sup>(a)</sup> | 08/25/2044 | 23159652 |
| 14259300 | &nbsp;&nbsp;&nbsp;Series 2025-DNA1-A1 (30 day avg SOFR US + 0.95%, 0.00% Floor) | 4.82 %<sup>(a)</sup> | 01/25/2045 | 14266840 |
| 22037338 | &nbsp;&nbsp;&nbsp;Series 2025-DNA1-M1 (30 day avg SOFR US + 1.05%, 0.00% Floor) | 4.92 %<sup>(a)</sup> | 01/25/2045 | 22048625 |
| 13833000 | &nbsp;&nbsp;&nbsp;Series 2025-DNA1-M2 (30 day avg SOFR US + 1.35%, 0.00% Floor) | 5.22 %<sup>(a)</sup> | 01/25/2045 | 13854994 |
|  | Freedom Mortgage Parent LLC |  |  |  |
| 62350000 | &nbsp;&nbsp;&nbsp;Series 2020-GT1-A | 4.45 %<sup>(a)(b)</sup> | 01/25/2026 | 62081359 |
| 72500000 | &nbsp;&nbsp;&nbsp;Series 2021-GT1-A | 3.62 %<sup>(a)(b)</sup> | 07/25/2026 | 70088447 |
| 64820000 | &nbsp;&nbsp;&nbsp;Series 2021-GT2-A | 3.85 %<sup>(a)(b)</sup> | 10/25/2026 | 62878401 |
|  | Fremont Home Loan Trust |  |  |  |
| 100556808 | &nbsp;&nbsp;&nbsp;Series 2006-D-1A1 (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 4.13% | 11/25/2036 | 60091019 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | FRTKL |  |  |  |
| 7750000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR1-E1 | 2.37 %<sup>(a)</sup> | 09/17/2038 | 7587640 |
| 6650000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR1-E2 | 2.52 %<sup>(a)</sup> | 09/17/2038 | 6506230 |
|  | GCAT |  |  |  |
| 2751000 | &nbsp;&nbsp;&nbsp;Series 2019-NQM3-M1 | 3.45 %<sup>(a)(b)</sup> | 11/25/2059 | 2597623 |
| 7096000 | &nbsp;&nbsp;&nbsp;Series 2021-NQM2-M1 | 2.54 %<sup>(a)(b)</sup> | 05/25/2066 | 5374777 |
| 8405000 | &nbsp;&nbsp;&nbsp;Series 2021-NQM6-B1 | 4.42 %<sup>(a)(b)</sup> | 08/25/2066 | 6979715 |
| 4507282 | &nbsp;&nbsp;&nbsp;Series 2025-NQM3-A3 | 5.96 %<sup>(a)(d)</sup> | 05/25/2070 | 4557830 |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM3-M1 | 6.33 %<sup>(a)(b)</sup> | 05/25/2070 | 5073021 |
|  | GE-WMC Mortgage Securities LLC |  |  |  |
| 29840994 | &nbsp;&nbsp;&nbsp;Series 2006-1-A2B (1 mo. Term SOFR + 0.41%, 0.30% Floor) | 4.15% | 08/25/2036 | 12687758 |
|  | GMAC Mortgage Corp. Loan Trust |  |  |  |
| 1440798 | &nbsp;&nbsp;&nbsp;Series 2005-AR5-3A1 | 4.64 %<sup>(b)</sup> | 09/19/2035 | 1140235 |
|  | Greenpoint Mortgage Funding Trust |  |  |  |
| 20221557 | &nbsp;&nbsp;&nbsp;Series 2005-AR3-2A1 (1 mo. Term SOFR + 0.63%, 0.52% Floor, 10.50% Cap) | 4.37% | 08/25/2045 | 7234836 |
| 13577529 | &nbsp;&nbsp;&nbsp;Series 2007-AR2-1A3 (1 mo. Term SOFR + 0.59%, 0.48% Floor) | 4.33% | 04/25/2047 | 12077210 |
|  | GS Mortgage Securities Corp. |  |  |  |
| 873542 | &nbsp;&nbsp;&nbsp;Series 2008-2R-1A1 | 4.03 %<sup>(a)(b)</sup> | 09/25/2036 | 259681 |
| 15067040 | &nbsp;&nbsp;&nbsp;Series 2014-3R-2B (1 mo. Term SOFR + 0.29%, 0.18% Floor) | 4.09 %<sup>(a)</sup> | 09/26/2036 | 8390937 |
|  | GS Mortgage-Backed Securities Trust |  |  |  |
| 77301649 | &nbsp;&nbsp;&nbsp;Series 2020-RPL2-A1 | 1.75 %<sup>(a)(b)</sup> | 05/25/2060 | 71628798 |
| 12540000 | &nbsp;&nbsp;&nbsp;Series 2020-RPL2-M1 | 2.25 %<sup>(a)(b)</sup> | 05/25/2060 | 10277957 |
| 10237000 | &nbsp;&nbsp;&nbsp;Series 2020-RPL2-M2 | 2.75 %<sup>(a)(b)</sup> | 05/25/2060 | 8340784 |
| 9341000 | &nbsp;&nbsp;&nbsp;Series 2020-RPL2-M3 | 3.00 %<sup>(a)(b)</sup> | 05/25/2060 | 7463919 |
| 31703868 | &nbsp;&nbsp;&nbsp;Series 2020-RPL2-PT4 | 5.92 %<sup>(a)(h)</sup> | 05/25/2060 | 27719453 |
| 13432974 | &nbsp;&nbsp;&nbsp;Series 2025-NQM2-A1 | 5.65 %<sup>(a)(d)</sup> | 06/25/2065 | 13580981 |
| 5165061 | &nbsp;&nbsp;&nbsp;Series 2025-NQM2-A3 | 5.90 %<sup>(a)(d)</sup> | 06/25/2065 | 5212818 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-M1 | 5.75 %<sup>(a)(b)</sup> | 07/25/2065 | 999866 |
| 13359645 | &nbsp;&nbsp;&nbsp;Series 2025-NQM6-A3 | 5.28 %<sup>(a)(d)</sup> | 11/25/2029 | 13359087 |
| 7333000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM6-M1 | 5.70 %<sup>(a)(b)</sup> | 11/25/2029 | 7308560 |
|  | GSAA Trust |  |  |  |
| 93147 | &nbsp;&nbsp;&nbsp;Series 2005-12-AF3 | 5.07 %<sup>(b)</sup> | 09/25/2035 | 61466 |
| 7388142 | &nbsp;&nbsp;&nbsp;Series 2006-10-AF3 | 5.98 %<sup>(b)</sup> | 06/25/2036 | 1622849 |
| 5287820 | &nbsp;&nbsp;&nbsp;Series 2006-10-AF4 | 6.80 %<sup>(d)</sup> | 06/25/2036 | 1157927 |
| 10022289 | &nbsp;&nbsp;&nbsp;Series 2006-15-AF4 | 6.46 %<sup>(d)</sup> | 09/25/2036 | 2511454 |
| 1563507 | &nbsp;&nbsp;&nbsp;Series 2006-18-AF3A | 5.77 %<sup>(b)</sup> | 11/25/2036 | 422545 |
| 3704734 | &nbsp;&nbsp;&nbsp;Series 2006-18-AF6 | 6.18 %<sup>(d)</sup> | 11/25/2036 | 823999 |
| 6866876 | &nbsp;&nbsp;&nbsp;Series 2006-19-A1 (1 mo. Term SOFR + 0.29%, 0.18% Floor) | 4.03% | 12/25/2036 | 1773216 |
| 2475137 | &nbsp;&nbsp;&nbsp;Series 2007-10-A2A | 6.50% | 11/25/2037 | 887346 |
| 5751438 | &nbsp;&nbsp;&nbsp;Series 2007-7-A5 (1 mo. Term SOFR + 0.67%, 0.56% Floor) | 4.41% | 07/25/2037 | 3142005 |
|  | GSAMP Trust |  |  |  |
| 13590991 | &nbsp;&nbsp;&nbsp;Series 2006-HE6-A3 (1 mo. Term SOFR + 0.41%, 0.30% Floor) | 4.15% | 08/25/2036 | 11808436 |
| 5788905 | &nbsp;&nbsp;&nbsp;Series 2007-H1-A2B (1 mo. Term SOFR + 0.51%, 0.40% Floor) | 4.25% | 01/25/2047 | 2952980 |
|  | GSMPS Mortgage Loan Trust |  |  |  |
| 5104780 | &nbsp;&nbsp;&nbsp;Series 2005-RP2-1AF (1 mo. Term SOFR + 0.46%, 0.35% Floor) | 4.20 %<sup>(a)</sup> | 03/25/2035 | 4773304 |
| 5104780 | &nbsp;&nbsp;&nbsp;Series 2005-RP2-1AS | 0.23 %<sup>(a)(b)(f)</sup> | 03/25/2035 | 99653 |
| 3396056 | &nbsp;&nbsp;&nbsp;Series 2005-RP3-1AF (1 mo. Term SOFR + 0.46%, 0.35% Floor, 9.50% Cap) | 4.20 %<sup>(a)</sup> | 09/25/2035 | 2925643 |
| 3396056 | &nbsp;&nbsp;&nbsp;Series 2005-RP3-1AS | 0.14 %<sup>(a)(b)(f)</sup> | 09/25/2035 | 65416 |
| 12511529 | &nbsp;&nbsp;&nbsp;Series 2006-RP1-1AF1 (1 mo. Term SOFR + 0.46%, 0.35% Floor, 9.15% Cap) | 4.20 %<sup>(a)</sup> | 01/25/2036 | 10130671 |
| 12511529 | &nbsp;&nbsp;&nbsp;Series 2006-RP1-1AS | 0.00 %<sup>(a)(b)(f)</sup> | 01/25/2036 | 209289 |
|  | GSR Mortgage Loan Trust |  |  |  |
| 624519 | &nbsp;&nbsp;&nbsp;Series 2005-1F-1A2 | 5.50% | 02/25/2035 | 604886 |
| 622406 | &nbsp;&nbsp;&nbsp;Series 2005-1F-3A3 | 6.00% | 01/25/2035 | 605636 |
| 142298 | &nbsp;&nbsp;&nbsp;Series 2005-6F-3A5 | 6.00% | 07/25/2035 | 139288 |
| 1510536 | &nbsp;&nbsp;&nbsp;Series 2005-6F-3A9 (-1 x 1 mo. Term SOFR + 6.79%, 0.00% Floor, 6.90% Cap) | 3.05 %<sup>(f)(g)</sup> | 07/25/2035 | 190302 |
| 12650 | &nbsp;&nbsp;&nbsp;Series 2005-6F-4A1 (1 mo. Term SOFR + 0.61%, 0.50% Floor, 6.00% Cap) | 4.35% | 07/25/2035 | 12353 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 80704 | &nbsp;&nbsp;&nbsp;Series 2005-7F-3A1 (1 mo. Term SOFR + 0.61%, 0.50% Floor, 6.00% Cap) | 4.35% | 09/25/2035 | 80836 |
| 6913502 | &nbsp;&nbsp;&nbsp;Series 2005-8F-3A5 | 6.00% | 11/25/2035 | 2272915 |
| 1655523 | &nbsp;&nbsp;&nbsp;Series 2005-8F-4A1 | 6.00% | 11/25/2035 | 544430 |
| 26922 | &nbsp;&nbsp;&nbsp;Series 2006-1F-1A2 | 5.50% | 02/25/2036 | 195520 |
| 262206 | &nbsp;&nbsp;&nbsp;Series 2006-2F-2A3 | 5.75% | 02/25/2036 | 230793 |
| 1489933 | &nbsp;&nbsp;&nbsp;Series 2006-2F-3A3 | 6.00% | 02/25/2036 | 600292 |
| 1789406 | &nbsp;&nbsp;&nbsp;Series 2006-2F-3A6 | 6.00% | 02/25/2036 | 720950 |
| 15969802 | &nbsp;&nbsp;&nbsp;Series 2006-5F-3A1 | 6.50% | 06/25/2036 | 5270170 |
| 4001889 | &nbsp;&nbsp;&nbsp;Series 2006-6F-2A3 | 6.00% | 07/25/2036 | 2190308 |
| 9310585 | &nbsp;&nbsp;&nbsp;Series 2006-9F-4A1 | 6.50% | 10/25/2036 | 3169201 |
| 28008092 | &nbsp;&nbsp;&nbsp;Series 2006-OA1-3A1 (Enterprise 11th District COFI Replacement Index + 1.50%, 1.50% Floor) | 4.42% | 08/25/2046 | 4510616 |
| 51093 | &nbsp;&nbsp;&nbsp;Series 2007-1F-2A2 | 5.50% | 01/25/2037 | 281194 |
| 189698 | &nbsp;&nbsp;&nbsp;Series 2007-4F-1A1 | 5.00% | 07/25/2037 | 510116 |
| 10739398 | &nbsp;&nbsp;&nbsp;Series 2007-4F-3A11 | 6.00% | 07/25/2037 | 6705776 |
| 37645650 | &nbsp;&nbsp;&nbsp;Series 2007-OA1-1A1 (1 mo. Term SOFR + 0.34%, 0.23% Floor) | 4.08% | 05/25/2037 | 17697397 |
|  | Harborview Mortgage Loan Trust |  |  |  |
| 5126553 | &nbsp;&nbsp;&nbsp;Series 2005-2-1A (1 mo. Term SOFR + 0.63%, 0.52% Floor) | 4.37% | 05/19/2035 | 1392850 |
| 20944796 | &nbsp;&nbsp;&nbsp;Series 2005-8-1A1A (1 mo. Term SOFR + 0.73%, 0.62% Floor, 11.00% Cap) | 4.47% | 09/19/2035 | 9701906 |
| 38498252 | &nbsp;&nbsp;&nbsp;Series 2005-8-2A1A (12 Month US Treasury Average + 1.55%, 1.55% Floor) | 5.58% | 09/19/2035 | 15108785 |
| 2893948 | &nbsp;&nbsp;&nbsp;Series 2006-10-2A1A (1 mo. Term SOFR + 0.47%, 0.36% Floor) | 4.03% | 11/19/2036 | 2590839 |
| 3198247 | &nbsp;&nbsp;&nbsp;Series 2006-11-A1A (1 mo. Term SOFR + 0.45%, 0.34% Floor) | 4.19% | 12/19/2036 | 2905642 |
| 24564858 | &nbsp;&nbsp;&nbsp;Series 2006-14-1A1A (1 mo. Term SOFR + 0.47%, 0.36% Floor) | 4.21% | 01/25/2047 | 23059300 |
| 4912282 | &nbsp;&nbsp;&nbsp;Series 2006-4-1A2A (1 mo. Term SOFR + 0.49%, 0.38% Floor) | 4.23% | 05/19/2046 | 2497422 |
| 48958769 | &nbsp;&nbsp;&nbsp;Series 2006-8-1A1 (1 mo. Term SOFR + 0.51%, 0.00% Floor) | 4.05% | 07/21/2036 | 23703251 |
| 5048747 | &nbsp;&nbsp;&nbsp;Series 2006-BU1-1A1A (1 mo. Term SOFR + 0.53%, 0.42% Floor, 10.50% Cap) | 4.27% | 02/19/2046 | 4686760 |
| 11049916 | &nbsp;&nbsp;&nbsp;Series 2007-7-1A1 (1 mo. Term SOFR + 2.11%, 0.00% Floor, 10.50% Cap) | 5.85% | 10/25/2037 | 9060424 |
|  | Home Equity Asset Trust |  |  |  |
| 197735 | &nbsp;&nbsp;&nbsp;Series 2003-3-M1 (1 mo. Term SOFR + 1.40%, 1.29% Floor) | 5.14% | 08/25/2033 | 195181 |
|  | Home Partners of America Trust |  |  |  |
| 3658824 | &nbsp;&nbsp;&nbsp;Series 2019-2-C | 3.02 %<sup>(a)</sup> | 10/19/2039 | 3563078 |
| 3892366 | &nbsp;&nbsp;&nbsp;Series 2019-2-D | 3.12 %<sup>(a)</sup> | 10/19/2039 | 3781224 |
| 7326807 | &nbsp;&nbsp;&nbsp;Series 2019-2-E | 3.32 %<sup>(a)</sup> | 10/19/2039 | 7118284 |
|  | Homebanc Mortgage Trust |  |  |  |
| 256687 | &nbsp;&nbsp;&nbsp;Series 2005-1-M2 (1 mo. Term SOFR + 0.85%, 0.74% Floor, 11.50% Cap) | 4.58% | 03/25/2035 | 246763 |
| 10350000 | &nbsp;&nbsp;&nbsp;Series 2005-3-M5 (1 mo. Term SOFR + 1.96%, 1.85% Floor, 11.50% Cap) | 5.69% | 07/25/2035 | 9872871 |
|  | HSBC Asset Loan Obligation |  |  |  |
| 17028240 | &nbsp;&nbsp;&nbsp;Series 2007-2-3A6 | 6.00% | 09/25/2037 | 5536896 |
| 12948078 | &nbsp;&nbsp;&nbsp;Series 2007-WF1-A3 | 6.23 %<sup>(d)</sup> | 12/25/2036 | 3988290 |
|  | HSI Asset Securitization Corp. |  |  |  |
| 26204360 | &nbsp;&nbsp;&nbsp;Series 2006-HE1-1A1 (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 4.13% | 10/25/2036 | 7007670 |
| 11987291 | &nbsp;&nbsp;&nbsp;Series 2007-NC1-A2 (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 4.13% | 04/25/2037 | 7831497 |
| 51968747 | &nbsp;&nbsp;&nbsp;Series 2007-NC1-A3 (1 mo. Term SOFR + 0.47%, 0.36% Floor) | 4.21% | 04/25/2037 | 34216249 |
|  | Impac Secured Assets CMN Owner Trust |  |  |  |
| 7914636 | &nbsp;&nbsp;&nbsp;Series 2007-3-A1B (1 mo. Term SOFR + 0.59%, 0.48% Floor, 11.50% Cap) | 4.33% | 09/25/2037 | 7000968 |
|  | Imperial Fund Mortgage Trust |  |  |  |
| 20062765 | &nbsp;&nbsp;&nbsp;Series 2021-NQM4-A1 | 2.09 %<sup>(a)(b)</sup> | 01/25/2057 | 17724548 |
| 10386498 | &nbsp;&nbsp;&nbsp;Series 2021-NQM4-A2 | 2.30 %<sup>(a)(b)</sup> | 01/25/2057 | 9237596 |
| 7915755 | &nbsp;&nbsp;&nbsp;Series 2021-NQM4-A3 | 2.45 %<sup>(a)(b)</sup> | 01/25/2057 | 7058666 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Indymac IMJA Mortgage Loan Trust |  |  |  |
| 3098820 | &nbsp;&nbsp;&nbsp;Series 2007-A1-A1 | 6.00% | 08/25/2037 | 1130924 |
| 2268578 | &nbsp;&nbsp;&nbsp;Series 2007-A1-A7 | 6.00% | 08/25/2037 | 827925 |
| 6921640 | &nbsp;&nbsp;&nbsp;Series 2007-A2-1A1 | 6.00% | 10/25/2037 | 2885381 |
| 10522959 | &nbsp;&nbsp;&nbsp;Series 2007-A2-2A3 | 6.50% | 10/25/2037 | 4711295 |
| 18233913 | &nbsp;&nbsp;&nbsp;Series 2007-A2-3A1 | 7.00% | 10/25/2037 | 3896365 |
| 15510134 | &nbsp;&nbsp;&nbsp;Series 2007-A3-A1 | 6.25% | 11/25/2037 | 5867800 |
| 12760584 | &nbsp;&nbsp;&nbsp;Series 2007-A4-A1 | 6.25 %<sup>(b)</sup> | 02/25/2038 | 3533463 |
|  | Indymac IMSC Mortgage Loan Trust |  |  |  |
| 28767645 | &nbsp;&nbsp;&nbsp;Series 2007-F1-2A1 | 6.50% | 06/25/2037 | 6669839 |
| 429052 | &nbsp;&nbsp;&nbsp;Series 2007-F2-1A2 | 6.00% | 07/25/2037 | 292051 |
| 25380039 | &nbsp;&nbsp;&nbsp;Series 2007-F2-2A1 | 6.50% | 07/25/2037 | 7447168 |
| 2521717 | &nbsp;&nbsp;&nbsp;Series 2007-HOA1-A11 (1 mo. Term SOFR + 0.47%, 0.36% Floor) | 4.21% | 07/25/2047 | 1720238 |
|  | Indymac INDA Mortgage Loan Trust |  |  |  |
| 660703 | &nbsp;&nbsp;&nbsp;Series 2006-AR2-1A1 | 4.28 %<sup>(b)</sup> | 09/25/2036 | 408704 |
| 457581 | &nbsp;&nbsp;&nbsp;Series 2006-AR2-4A1 | 4.29 %<sup>(b)</sup> | 09/25/2036 | 427177 |
| 6451375 | &nbsp;&nbsp;&nbsp;Series 2006-AR3-1A1 | 3.94 %<sup>(b)</sup> | 12/25/2036 | 4913004 |
| 2286537 | &nbsp;&nbsp;&nbsp;Series 2007-AR1-3A1 | 3.05 %<sup>(b)</sup> | 03/25/2037 | 2005518 |
| 1297145 | &nbsp;&nbsp;&nbsp;Series 2007-AR3-3A1 | 3.26 %<sup>(b)</sup> | 07/25/2037 | 1128831 |
|  | Indymac Index Mortgage Loan Trust |  |  |  |
| 4507449 | &nbsp;&nbsp;&nbsp;Series 2005-AR15-A1 | 3.98 %<sup>(b)</sup> | 09/25/2035 | 3658546 |
| 1949183 | &nbsp;&nbsp;&nbsp;Series 2006-AR7-3A1 | 3.75 %<sup>(b)</sup> | 05/25/2036 | 1738405 |
| 728954 | &nbsp;&nbsp;&nbsp;Series 2007-AR13-2A1 | 5.36 %<sup>(b)</sup> | 07/25/2037 | 629943 |
| 3672982 | &nbsp;&nbsp;&nbsp;Series 2007-AR21-8A1 | 4.41 %<sup>(b)</sup> | 09/25/2037 | 3557875 |
|  | Indymac Residential Asset Backed Trust |  |  |  |
| 11082685 | &nbsp;&nbsp;&nbsp;Series 2006-B-2A4 (1 mo. Term SOFR + 0.67%, 0.56% Floor) | 4.41% | 06/25/2036 | 10342836 |
| 8528139 | &nbsp;&nbsp;&nbsp;Series 2006-D-2A4 (1 mo. Term SOFR + 0.35%, 0.24% Floor) | 4.09% | 11/25/2036 | 7192537 |
| 7277298 | &nbsp;&nbsp;&nbsp;Series 2007-B-1A1 (1 mo. Term SOFR + 0.49%, 0.38% Floor) | 4.23% | 07/25/2037 | 2864558 |
| 7277298 | &nbsp;&nbsp;&nbsp;Series 2007-B-1A2 (1 mo. Term SOFR + 0.49%, 0.38% Floor) | 4.23% | 07/25/2037 | 2864558 |
|  | Invitation Homes Trust |  |  |  |
| 33442000 | &nbsp;&nbsp;&nbsp;Series 2024-SFR1-C | 4.25 %<sup>(a)</sup> | 09/17/2041 | 32665527 |
|  | JP Morgan Alternative Loan Trust |  |  |  |
| 4391417 | &nbsp;&nbsp;&nbsp;Series 2005-S1-2A11 | 6.00% | 12/25/2035 | 2894888 |
| 1407795 | &nbsp;&nbsp;&nbsp;Series 2005-S1-2A9 | 6.00% | 12/25/2035 | 928039 |
| 2308621 | &nbsp;&nbsp;&nbsp;Series 2006-A2-1A1 (1 mo. Term SOFR + 0.47%, 0.36% Floor, 11.50% Cap) | 4.21% | 05/25/2036 | 1947913 |
| 1954039 | &nbsp;&nbsp;&nbsp;Series 2006-S1-1A8 | 5.75% | 03/25/2036 | 885255 |
|  | JP Morgan Mortgage Acquisition Corp. |  |  |  |
| 2179200 | &nbsp;&nbsp;&nbsp;Series 2005-WMC1-M4 (1 mo. Term SOFR + 1.01%, 0.90% Floor) | 4.75% | 09/25/2035 | 2021735 |
| 4876605 | &nbsp;&nbsp;&nbsp;Series 2006-CH2-AF3 | 5.96 %<sup>(d)</sup> | 09/25/2029 | 2915219 |
| 7915132 | &nbsp;&nbsp;&nbsp;Series 2006-HE3-A1 (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 3.88% | 11/25/2036 | 7553532 |
| 21223162 | &nbsp;&nbsp;&nbsp;Series 2006-RM1-A3 (1 mo. Term SOFR + 0.35%, 0.24% Floor) | 4.09% | 08/25/2036 | 9455613 |
| 19615392 | &nbsp;&nbsp;&nbsp;Series 2006-RM1-A4 (1 mo. Term SOFR + 0.47%, 0.36% Floor) | 4.21% | 08/25/2036 | 8754359 |
| 2752106 | &nbsp;&nbsp;&nbsp;Series 2006-WF1-A5 | 6.91 %<sup>(d)</sup> | 07/25/2036 | 714157 |
| 3765532 | &nbsp;&nbsp;&nbsp;Series 2006-WMC4-A1A (1 mo. Term SOFR + 0.37%, 0.26% Floor) | 4.11% | 12/25/2036 | 2411856 |
| 35550679 | &nbsp;&nbsp;&nbsp;Series 2006-WMC4-A1B (1 mo. Term SOFR + 0.57%, 0.46% Floor) | 4.31 %<sup>(f)</sup> | 12/25/2036 | 4154641 |
| 9690000 | &nbsp;&nbsp;&nbsp;Series 2007-CH3-M2 (1 mo. Term SOFR + 0.43%, 0.32% Floor) | 4.17% | 03/25/2037 | 8960692 |
|  | JP Morgan Mortgage Trust |  |  |  |
| 2780498 | &nbsp;&nbsp;&nbsp;Series 2005-S1-1A2 | 6.50% | 01/25/2035 | 2906768 |
| 313971 | &nbsp;&nbsp;&nbsp;Series 2005-S2-2A13 | 5.50% | 09/25/2035 | 231419 |
| 889585 | &nbsp;&nbsp;&nbsp;Series 2006-S2-3A3 | 6.00% | 07/25/2036 | 250767 |
| 3236371 | &nbsp;&nbsp;&nbsp;Series 2006-S2-3A5 | 6.25% | 07/25/2036 | 949688 |
| 1785900 | &nbsp;&nbsp;&nbsp;Series 2006-S3-1A2 | 6.00% | 08/25/2036 | 536381 |
| 7073748 | &nbsp;&nbsp;&nbsp;Series 2006-S3-1A21 (1 mo. Term SOFR + 0.49%, 0.38% Floor, 7.50% Cap) | 4.23% | 08/25/2036 | 1511485 |
| 7073748 | &nbsp;&nbsp;&nbsp;Series 2006-S3-1A22 (-1 x 1 mo. Term SOFR + 7.01%, 0.00% Floor, 7.12% Cap) | 3.27 %<sup>(f)(g)</sup> | 08/25/2036 | 923762 |
| 832183 | &nbsp;&nbsp;&nbsp;Series 2006-S3-1A9 | 6.00% | 08/25/2036 | 249940 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 5628512 | &nbsp;&nbsp;&nbsp;Series 2006-S4-A3 | 6.00% | 01/25/2037 | 1992238 |
| 2344231 | &nbsp;&nbsp;&nbsp;Series 2006-S4-A5 | 6.00% | 01/25/2037 | 833007 |
| 5547799 | &nbsp;&nbsp;&nbsp;Series 2006-S4-A8 (1 mo. Term SOFR + 0.49%, 0.38% Floor, 7.00% Cap) | 4.23% | 01/25/2037 | 1443674 |
| 5547799 | &nbsp;&nbsp;&nbsp;Series 2006-S4-A9 (-1 x 1 mo. Term SOFR + 6.51%, 0.00% Floor, 6.62% Cap) | 2.77 %<sup>(f)(g)</sup> | 01/25/2037 | 770395 |
| 535983 | &nbsp;&nbsp;&nbsp;Series 2007-A2-2A1 | 5.42 %<sup>(b)</sup> | 04/25/2037 | 399752 |
| 1810866 | &nbsp;&nbsp;&nbsp;Series 2007-A3-3A2M | 4.84 %<sup>(b)</sup> | 05/25/2037 | 1597875 |
| 6069781 | &nbsp;&nbsp;&nbsp;Series 2007-S1-2A6 | 6.00% | 03/25/2037 | 2193527 |
| 1707700 | &nbsp;&nbsp;&nbsp;Series 2007-S3-1A1 | 5.50% | 08/25/2037 | 647626 |
| 3783609 | &nbsp;&nbsp;&nbsp;Series 2007-S3-1A35 | 6.00% | 08/25/2037 | 1566003 |
| 1684468 | &nbsp;&nbsp;&nbsp;Series 2007-S3-1A64 | 7.50% | 08/25/2037 | 517020 |
| 636603 | &nbsp;&nbsp;&nbsp;Series 2007-S3-1A9 | 6.00% | 08/25/2037 | 263011 |
| 3488667 | &nbsp;&nbsp;&nbsp;Series 2007-S3-1A96 | 6.00% | 08/25/2037 | 1441944 |
| 3976909 | &nbsp;&nbsp;&nbsp;Series 2007-S3-1A97 | 6.00% | 08/25/2037 | 1643823 |
| 17765343 | &nbsp;&nbsp;&nbsp;Series 2024-NQM1-A1 | 5.59 %<sup>(a)(d)</sup> | 02/25/2064 | 17920551 |
| 13200000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM4-M1A | 5.64 %<sup>(a)(b)</sup> | 03/25/2066 | 13218158 |
| 15750000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-A3 | 5.23 %<sup>(a)(d)</sup> | 05/25/2065 | 15805799 |
| 3200000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-M1A | 5.67 %<sup>(a)(b)</sup> | 05/25/2065 | 3214544 |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-M1B | 6.02 %<sup>(a)(b)</sup> | 05/25/2065 | 3013610 |
|  | JP Morgan Reremic |  |  |  |
| 4504723 | &nbsp;&nbsp;&nbsp;Series 2009-4-3A2 | 6.00 %<sup>(a)(b)</sup> | 02/26/2037 | 1948222 |
| 16313692 | &nbsp;&nbsp;&nbsp;Series 2009-7-7A1 | 7.00 %<sup>(a)(b)</sup> | 09/27/2037 | 6955813 |
| 7594439 | &nbsp;&nbsp;&nbsp;Series 2010-1-1A4 (1 mo. Term SOFR) | 6.00 %<sup>(a)</sup> | 02/26/2037 | 3202730 |
| 5103975 | &nbsp;&nbsp;&nbsp;Series 2010-1-2A11 | 7.00 %<sup>(a)(b)</sup> | 01/26/2037 | 2132726 |
|  | Legacy Mortgage Asset Trust |  |  |  |
| 100812222 | &nbsp;&nbsp;&nbsp;Series 2019-RPL3-PT1 | 0.00 %<sup>(a)</sup> | 06/25/2058 | 90305945 |
| 26271654 | &nbsp;&nbsp;&nbsp;Series 2021-GS4-A2 | 7.55 %<sup>(a)(d)</sup> | 11/25/2060 | 26315433 |
|  | Lehman Brothers Holdings, Inc. |  |  |  |
| 16778324 | &nbsp;&nbsp;&nbsp;Series 2007-1-1A1 (1 mo. Term SOFR + 0.32%, 0.21% Floor) | 4.06 %<sup>(a)</sup> | 06/25/2037 | 12565449 |
| 5127639 | &nbsp;&nbsp;&nbsp;Series 2007-1-2A4 (1 mo. Term SOFR + 0.41%, 0.30% Floor) | 4.15 %<sup>(a)</sup> | 06/25/2037 | 3430129 |
|  | Lehman Mortgage Trust |  |  |  |
| 1367368 | &nbsp;&nbsp;&nbsp;Series 2005-2-3A5 | 5.50% | 12/25/2035 | 685442 |
| 912889 | &nbsp;&nbsp;&nbsp;Series 2005-2-5A5 | 5.75% | 12/25/2035 | 546133 |
| 1398506 | &nbsp;&nbsp;&nbsp;Series 2005-3-2A1 | 6.00% | 01/25/2036 | 1184044 |
| 118976 | &nbsp;&nbsp;&nbsp;Series 2005-3-2A3 | 5.50% | 01/25/2036 | 96396 |
| 639160 | &nbsp;&nbsp;&nbsp;Series 2005-3-2A7 | 6.00% | 01/25/2036 | 541764 |
| 898736 | &nbsp;&nbsp;&nbsp;Series 2006-1-1A1 (1 mo. Term SOFR + 0.86%, 0.75% Floor, 5.50% Cap) | 4.60% | 02/25/2036 | 370461 |
| 2696209 | &nbsp;&nbsp;&nbsp;Series 2006-1-1A2 (-1 x 1 mo. Term SOFR + 4.64%, 0.00% Floor, 4.75% Cap) | 0.90 %<sup>(f)(g)</sup> | 02/25/2036 | 157940 |
| 1886549 | &nbsp;&nbsp;&nbsp;Series 2006-1-3A1 (1 mo. Term SOFR + 0.86%, 0.75% Floor, 5.50% Cap) | 4.60% | 02/25/2036 | 1216625 |
| 1886549 | &nbsp;&nbsp;&nbsp;Series 2006-1-3A2 (-1 x 1 mo. Term SOFR + 4.64%, 0.00% Floor, 4.75% Cap) | 0.90 %<sup>(f)(g)</sup> | 02/25/2036 | 106621 |
| 1215487 | &nbsp;&nbsp;&nbsp;Series 2006-1-3A4 | 5.50% | 02/25/2036 | 860932 |
| 1358913 | &nbsp;&nbsp;&nbsp;Series 2006-4-1A3 (-1 x 1 mo. Term SOFR + 5.29%, 0.00% Floor, 5.40% Cap) | 1.55 %<sup>(f)(g)</sup> | 08/25/2036 | 119046 |
| 863696 | &nbsp;&nbsp;&nbsp;Series 2006-4-1A4 | 6.00% | 08/25/2036 | 647838 |
| 5463457 | &nbsp;&nbsp;&nbsp;Series 2006-5-2A1 (1 mo. Term SOFR + 0.46%, 0.35% Floor, 7.50% Cap) | 4.20% | 09/25/2036 | 666449 |
| 5347378 | &nbsp;&nbsp;&nbsp;Series 2006-6-3A9 | 5.50% | 10/25/2036 | 3398372 |
| 2765140 | &nbsp;&nbsp;&nbsp;Series 2006-7-2A2 (1 mo. Term SOFR + 0.56%, 0.45% Floor, 7.00% Cap) | 4.30% | 11/25/2036 | 603208 |
| 10230841 | &nbsp;&nbsp;&nbsp;Series 2006-7-2A5 | 2.70 %<sup>(f)(g)</sup> | 11/25/2036 | 1224916 |
| 1581888 | &nbsp;&nbsp;&nbsp;Series 2006-9-1A19 (-5 x 1 mo. Term SOFR + 30.16%, 0.00% Floor, 30.68% Cap) | 12.99 %<sup>(g)</sup> | 01/25/2037 | 1541928 |
| 1713105 | &nbsp;&nbsp;&nbsp;Series 2006-9-1A5 (1 mo. Term SOFR + 0.71%, 0.60% Floor, 5.75% Cap) | 4.45% | 01/25/2037 | 877983 |
| 5126549 | &nbsp;&nbsp;&nbsp;Series 2006-9-1A6 (-1 x 1 mo. Term SOFR + 5.04%, 0.00% Floor, 5.15% Cap) | 1.30 %<sup>(f)(g)</sup> | 01/25/2037 | 503521 |
| 3400734 | &nbsp;&nbsp;&nbsp;Series 2006-9-2A1 (1 mo. Term SOFR + 0.49%, 0.38% Floor, 7.00% Cap) | 4.23% | 01/25/2037 | 651592 |
| 6169567 | &nbsp;&nbsp;&nbsp;Series 2006-9-2A2 (-1 x 1 mo. Term SOFR + 6.51%, 0.00% Floor, 6.62% Cap) | 2.77 %<sup>(f)(g)</sup> | 01/25/2037 | 602064 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 1355814 | &nbsp;&nbsp;&nbsp;Series 2007-2-1A1 | 5.75% | 02/25/2037 | 882062 |
| 2226172 | &nbsp;&nbsp;&nbsp;Series 2007-4-2A11 (1 mo. Term SOFR + 0.44%, 0.33% Floor, 7.00% Cap) | 4.18% | 05/25/2037 | 660772 |
| 10853352 | &nbsp;&nbsp;&nbsp;Series 2007-4-2A8 (-1 x 1 mo. Term SOFR + 6.56%, 0.00% Floor, 6.67% Cap) | 2.82 %<sup>(f)(g)</sup> | 05/25/2037 | 1014234 |
| 744104 | &nbsp;&nbsp;&nbsp;Series 2007-4-2A9 (1 mo. Term SOFR + 0.44%, 0.33% Floor, 7.00% Cap) | 4.18% | 05/25/2037 | 197412 |
| 477347 | &nbsp;&nbsp;&nbsp;Series 2007-5-4A3 (-6 x 1 mo. Term SOFR + 39.39%, 0.00% Floor, 40.08% Cap) | 17.00 %<sup>(g)</sup> | 08/25/2036 | 670514 |
| 590870 | &nbsp;&nbsp;&nbsp;Series 2007-5-7A3 | 7.50% | 10/25/2036 | 170312 |
| 14386 | &nbsp;&nbsp;&nbsp;Series 2007-6-1A8 | 6.00% | 07/25/2037 | 12751 |
| 3149072 | &nbsp;&nbsp;&nbsp;Series 2008-2-1A6 | 6.00% | 03/25/2038 | 730277 |
|  | Lehman XS Trust |  |  |  |
| 3845559 | &nbsp;&nbsp;&nbsp;Series 2005-2-2A3B | 4.34 %<sup>(d)</sup> | 08/25/2035 | 3537945 |
| 6106322 | &nbsp;&nbsp;&nbsp;Series 2005-9N-2A1 (12 Month US Treasury Average + 1.06%, 1.06% Floor) | 5.09% | 02/25/2036 | 5503698 |
| 4291854 | &nbsp;&nbsp;&nbsp;Series 2006-3-A3 (1 mo. Term SOFR + 0.71%, 0.60% Floor) | 4.45% | 03/25/2036 | 4382399 |
| 5734658 | &nbsp;&nbsp;&nbsp;Series 2006-5-1A1A (1 mo. Term SOFR + 0.53%, 0.42% Floor) | 4.27% | 04/25/2036 | 5132757 |
| 12469 | &nbsp;&nbsp;&nbsp;Series 2006-5-2A4A | 6.39 %<sup>(d)</sup> | 04/25/2036 | 17891 |
| 7037762 | &nbsp;&nbsp;&nbsp;Series 2006-GP3-1A1 (1 mo. Term SOFR + 0.51%, 0.40% Floor) | 4.25% | 06/25/2046 | 6717785 |
| 3208039 | &nbsp;&nbsp;&nbsp;Series 2007-1-2A1 | 7.00 %<sup>(b)</sup> | 02/25/2037 | 3349851 |
| 7834103 | &nbsp;&nbsp;&nbsp;Series 2007-12N-1A3A (1 mo. Term SOFR + 0.51%, 0.40% Floor) | 4.25% | 07/25/2047 | 7830033 |
| 7946522 | &nbsp;&nbsp;&nbsp;Series 2007-15N-4A1 (1 mo. Term SOFR + 1.01%, 0.90% Floor) | 4.75% | 08/25/2047 | 7308342 |
|  | Long Beach Mortgage Loan Trust |  |  |  |
| 12683842 | &nbsp;&nbsp;&nbsp;Series 2006-2-2A4 (1 mo. Term SOFR + 0.69%, 0.58% Floor) | 4.43% | 03/25/2046 | 4223324 |
| 44885487 | &nbsp;&nbsp;&nbsp;Series 2006-3-2A3 (1 mo. Term SOFR + 0.47%, 0.36% Floor) | 4.21% | 05/25/2046 | 13402263 |
| 4575555 | &nbsp;&nbsp;&nbsp;Series 2006-3-2A4 (1 mo. Term SOFR + 0.65%, 0.54% Floor) | 4.39% | 05/25/2046 | 1367025 |
| 14398096 | &nbsp;&nbsp;&nbsp;Series 2006-5-2A4 (1 mo. Term SOFR + 0.59%, 0.48% Floor) | 4.33% | 06/25/2036 | 6864353 |
| 22388890 | &nbsp;&nbsp;&nbsp;Series 2006-6-1A (1 mo. Term SOFR + 0.40%, 0.29% Floor) | 4.14% | 07/25/2036 | 15610136 |
| 11644073 | &nbsp;&nbsp;&nbsp;Series 2006-WL1-M2 (1 mo. Term SOFR + 0.79%, 0.68% Floor) | 4.52% | 01/25/2046 | 11811465 |
|  | Luminent Mortgage Trust |  |  |  |
| 1053149 | &nbsp;&nbsp;&nbsp;Series 2005-1-A1 (1 mo. Term SOFR + 0.63%, 0.52% Floor, 11.50% Cap) | 4.37% | 11/25/2035 | 1027507 |
|  | Master Resecuritization Trust |  |  |  |
| 11318702 | &nbsp;&nbsp;&nbsp;Series 2008-1-A1 | 6.00 %<sup>(a)(b)</sup> | 09/27/2037 | 7066853 |
| 5374896 | &nbsp;&nbsp;&nbsp;Series 2008-4-A1 | 6.00 %<sup>(a)(b)</sup> | 06/27/2036 | 4428943 |
|  | Mastr Adjustable Rate Mortgages Trust |  |  |  |
| 1924062 | &nbsp;&nbsp;&nbsp;Series 2005-2-2A1 | 4.26 %<sup>(b)</sup> | 03/25/2035 | 1732088 |
| 664042 | &nbsp;&nbsp;&nbsp;Series 2005-6-5A1 | 3.41 %<sup>(b)</sup> | 07/25/2035 | 597413 |
| 4610114 | &nbsp;&nbsp;&nbsp;Series 2007-1-2A1 | 4.68 %<sup>(b)</sup> | 11/25/2036 | 2323479 |
|  | MASTR Alternative Loans Trust |  |  |  |
| 6651000 | &nbsp;&nbsp;&nbsp;Series 2004-9-M2 | 6.26 %<sup>(d)</sup> | 08/25/2034 | 5793788 |
| 1111612 | &nbsp;&nbsp;&nbsp;Series 2005-2-3A1 | 6.00% | 03/25/2035 | 869130 |
| 32584 | &nbsp;&nbsp;&nbsp;Series 2005-5-2A3 | 5.50% | 07/25/2040 | 31772 |
| 6359912 | &nbsp;&nbsp;&nbsp;Series 2005-5-3A1 | 5.75% | 08/25/2035 | 2771576 |
| 1358328 | &nbsp;&nbsp;&nbsp;Series 2005-6-1A5 | 5.50% | 12/25/2035 | 864742 |
| 1001825 | &nbsp;&nbsp;&nbsp;Series 2006-3-1A2 | 6.25% | 07/25/2036 | 506368 |
| 580024 | &nbsp;&nbsp;&nbsp;Series 2007-1-1A5 | 5.75% | 10/25/2036 | 568725 |
| 3688503 | &nbsp;&nbsp;&nbsp;Series 2007-1-2A7 | 6.00% | 10/25/2036 | 1013583 |
|  | Mastr Asset Backed Securities Trust |  |  |  |
| 1327783 | &nbsp;&nbsp;&nbsp;Series 2003-OPT1-M3 (1 mo. Term SOFR + 4.24%, 4.13% Floor) | 7.97% | 12/25/2032 | 1294974 |
| 5274933 | &nbsp;&nbsp;&nbsp;Series 2006-AM2-A3 (1 mo. Term SOFR + 0.45%, 0.34% Floor) | 4.19% | 06/25/2036 | 4958934 |
| 5239356 | &nbsp;&nbsp;&nbsp;Series 2007-HE1-A3 (1 mo. Term SOFR + 0.53%, 0.42% Floor) | 4.27% | 05/25/2037 | 5112224 |
| 12431490 | &nbsp;&nbsp;&nbsp;Series 2007-WMC1-A1 (1 mo. Term SOFR + 0.40%, 0.29% Floor) | 4.14% | 01/25/2037 | 3254918 |
|  | MASTR Asset Securitization Trust |  |  |  |
| 1280893 | &nbsp;&nbsp;&nbsp;Series 2006-1-1A4 | 5.75% | 05/25/2036 | 729512 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 977838 | &nbsp;&nbsp;&nbsp;Series 2006-2-1A11 (1 mo. Term SOFR + 6.00%, 6.00% Floor) | 6.00% | 06/25/2036 | 538143 |
| 2322136 | &nbsp;&nbsp;&nbsp;Series 2007-1-1A3 | 6.25% | 11/25/2037 | 854553 |
|  | Mastr Seasoned Securities Trust |  |  |  |
| 973163 | &nbsp;&nbsp;&nbsp;Series 2005-2-1A4 | 6.00% | 10/25/2032 | 987491 |
| 377353 | &nbsp;&nbsp;&nbsp;Series 2005-2-2A1 (1 mo. Term SOFR + 0.51%, 0.40% Floor, 7.50% Cap) | 4.25% | 10/25/2032 | 343769 |
|  | Merrill Lynch Alternative Note Asset |  |  |  |
| 18536955 | &nbsp;&nbsp;&nbsp;Series 2007-A3-A2A (1 mo. Term SOFR + 0.33%, 0.22% Floor) | 4.07% | 04/25/2037 | 6550864 |
| 9506104 | &nbsp;&nbsp;&nbsp;Series 2007-A3-A2B (1 mo. Term SOFR + 0.53%, 0.42% Floor) | 4.27% | 04/25/2037 | 3360665 |
| 13175572 | &nbsp;&nbsp;&nbsp;Series 2007-A3-A2C (1 mo. Term SOFR + 0.75%, 0.64% Floor) | 4.49% | 04/25/2037 | 4658978 |
| 12734466 | &nbsp;&nbsp;&nbsp;Series 2007-F1-2A4 (1 mo. Term SOFR + 0.43%, 0.32% Floor, 7.00% Cap) | 4.17% | 03/25/2037 | 2912311 |
| 12734466 | &nbsp;&nbsp;&nbsp;Series 2007-F1-2A5 (-1 x 1 mo. Term SOFR + 6.57%, 0.00% Floor, 6.68% Cap) | 2.83 %<sup>(f)(g)</sup> | 03/25/2037 | 1621727 |
| 26824046 | &nbsp;&nbsp;&nbsp;Series 2007-OAR5-1A1 | 3.34 %<sup>(b)</sup> | 10/25/2047 | 6644027 |
|  | Merrill Lynch First Franklin Mortgage Loan Trust |  |  |  |
| 1789785 | &nbsp;&nbsp;&nbsp;Series 2007-H1-1A2 (1 mo. Term SOFR + 3.61%, 3.50% Floor) | 7.35% | 10/25/2037 | 1758536 |
|  | Merrill Lynch Mortgage Investors, Inc. |  |  |  |
| 13866826 | &nbsp;&nbsp;&nbsp;Series 2005-AR1-M2 (1 mo. Term SOFR + 1.12%, 1.01% Floor) | 4.85% | 06/25/2036 | 11533730 |
| 7387314 | &nbsp;&nbsp;&nbsp;Series 2006-AR1-A2C (1 mo. Term SOFR + 0.43%, 0.32% Floor) | 4.17 %<sup>(a)</sup> | 03/25/2037 | 1918673 |
| 591335 | &nbsp;&nbsp;&nbsp;Series 2006-F1-1A2 | 6.00% | 04/25/2036 | 186644 |
| 20552790 | &nbsp;&nbsp;&nbsp;Series 2006-FM1-A1 (1 mo. Term SOFR + 0.41%, 0.30% Floor) | 4.02% | 04/25/2037 | 12480628 |
| 9933167 | &nbsp;&nbsp;&nbsp;Series 2006-HE3-A4 (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 4.35% | 06/25/2037 | 2618878 |
| 7115723 | &nbsp;&nbsp;&nbsp;Series 2006-HE4-A2B (1 mo. Term SOFR + 0.31%, 0.20% Floor) | 4.05% | 07/25/2037 | 1461098 |
| 68845810 | &nbsp;&nbsp;&nbsp;Series 2007-HE2-A1 (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 4.35% | 02/25/2037 | 32155131 |
| 7663512 | &nbsp;&nbsp;&nbsp;Series 2007-HE3-A1 (1 mo. Term SOFR + 0.25%, 0.14% Floor) | 1.63% | 04/25/2047 | 2954571 |
| 6538141 | &nbsp;&nbsp;&nbsp;Series 2007-HE3-A3 (1 mo. Term SOFR + 0.49%, 0.38% Floor) | 1.63% | 04/25/2047 | 2520661 |
| 2738562 | &nbsp;&nbsp;&nbsp;Series 2007-HE3-A4 (1 mo. Term SOFR + 0.65%, 0.54% Floor) | 1.63% | 04/25/2047 | 1055803 |
| 42600517 | &nbsp;&nbsp;&nbsp;Series 2007-MLN1-A1 (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 4.35% | 03/25/2037 | 33702598 |
|  | MFRA Trust |  |  |  |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM3-M1 | 6.13 %<sup>(a)(b)</sup> | 08/25/2070 | 10118933 |
| 8100000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-A3 | 5.44 %<sup>(a)(d)</sup> | 11/25/2070 | 8168494 |
|  | Morgan Stanley ABS Capital I, Inc. |  |  |  |
| 15712514 | &nbsp;&nbsp;&nbsp;Series 2006-HE7-A2C (1 mo. Term SOFR + 0.43%, 0.32% Floor) | 4.17% | 09/25/2036 | 6752695 |
| 20849999 | &nbsp;&nbsp;&nbsp;Series 2006-HE7-A2D (1 mo. Term SOFR + 0.57%, 0.46% Floor) | 4.31% | 09/25/2036 | 8953394 |
| 13160976 | &nbsp;&nbsp;&nbsp;Series 2006-NC2-M1 (1 mo. Term SOFR + 0.65%, 0.54% Floor) | 4.39% | 02/25/2036 | 13066227 |
| 5506518 | &nbsp;&nbsp;&nbsp;Series 2007-HE4-A1 (1 mo. Term SOFR + 0.24%, 0.13% Floor) | 3.98 %<sup>(a)</sup> | 02/25/2037 | 2457530 |
|  | Morgan Stanley Home Equity Loan Trust |  |  |  |
| 22818605 | &nbsp;&nbsp;&nbsp;Series 2007-1-A4 (1 mo. Term SOFR + 0.33%, 0.22% Floor) | 4.07% | 12/25/2036 | 10965916 |
|  | Morgan Stanley IXIS Real Estate Capital Trust |  |  |  |
| 4787472 | &nbsp;&nbsp;&nbsp;Series 2006-2-AFPT (1 mo. Term SOFR + 0.18%, 0.07% Floor) | 3.92% | 11/25/2036 | 1575097 |
|  | Morgan Stanley Mortgage Loan Trust |  |  |  |
| 506125 | &nbsp;&nbsp;&nbsp;Series 2005-10-1A1 (1 mo. Term SOFR + 0.81%, 0.70% Floor, 5.75% Cap) | 4.55% | 12/25/2035 | 288565 |
| 1268097 | &nbsp;&nbsp;&nbsp;Series 2005-10-1A6 | 5.75% | 12/25/2035 | 794370 |
| 1524564 | &nbsp;&nbsp;&nbsp;Series 2005-10-2A1 | 5.23 %<sup>(b)</sup> | 12/25/2035 | 1460215 |
| 4407973 | &nbsp;&nbsp;&nbsp;Series 2006-11-1A6 (1 mo. Term SOFR) | 6.73 %<sup>(d)</sup> | 08/25/2036 | 723187 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 6629343 | &nbsp;&nbsp;&nbsp;Series 2006-11-2A1 | 6.00% | 08/25/2036 | 2641420 |
| 6339090 | &nbsp;&nbsp;&nbsp;Series 2006-16AX-2A2 (1 mo. Term SOFR + 0.45%, 0.34% Floor) | 4.19% | 11/25/2036 | 1751945 |
| 4861855 | &nbsp;&nbsp;&nbsp;Series 2006-17XS-A3A | 6.15 %<sup>(d)</sup> | 10/25/2046 | 1341802 |
| 1699560 | &nbsp;&nbsp;&nbsp;Series 2006-17XS-A6 | 6.08 %<sup>(d)</sup> | 10/25/2046 | 386889 |
| 932687 | &nbsp;&nbsp;&nbsp;Series 2006-2-2A3 | 5.75% | 02/25/2036 | 880983 |
| 11684185 | &nbsp;&nbsp;&nbsp;Series 2006-7-3A | 5.06 %<sup>(b)</sup> | 06/25/2036 | 5952177 |
| 1361569 | &nbsp;&nbsp;&nbsp;Series 2006-7-4A4 | 6.00% | 06/25/2036 | 578397 |
| 1378353 | &nbsp;&nbsp;&nbsp;Series 2006-7-4A7 | 6.00% | 06/25/2036 | 585528 |
| 2840214 | &nbsp;&nbsp;&nbsp;Series 2007-13-6A1 | 6.00% | 10/25/2037 | 1502626 |
| 2893531 | &nbsp;&nbsp;&nbsp;Series 2007-14AR-2A3 | 3.39 %<sup>(b)</sup> | 10/25/2037 | 1631352 |
| 2739723 | &nbsp;&nbsp;&nbsp;Series 2007-1XS-2A3 | 6.42 %<sup>(d)</sup> | 09/25/2046 | 556014 |
| 1792356 | &nbsp;&nbsp;&nbsp;Series 2007-1XS-2A4A | 6.58 %<sup>(d)</sup> | 09/25/2046 | 452050 |
| 183290 | &nbsp;&nbsp;&nbsp;Series 2007-3XS-1A2A | 6.12 %<sup>(d)</sup> | 01/25/2047 | 172171 |
| 4844931 | &nbsp;&nbsp;&nbsp;Series 2007-3XS-2A3S | 6.36 %<sup>(d)</sup> | 01/25/2047 | 1691062 |
| 2833827 | &nbsp;&nbsp;&nbsp;Series 2007-3XS-2A4S | 6.46 %<sup>(d)</sup> | 01/25/2047 | 988863 |
|  | Morgan Stanley Reremic Trust |  |  |  |
| 2354982 | &nbsp;&nbsp;&nbsp;Series 2010-R5-4B | 0.00 %<sup>(a)(d)</sup> | 06/26/2036 | 2659242 |
| 4711569 | &nbsp;&nbsp;&nbsp;Series 2010-R5-5B | 2.93 %<sup>(a)(d)</sup> | 01/26/2037 | 4683967 |
| 8799224 | &nbsp;&nbsp;&nbsp;Series 2010-R9-3C | 6.00 %<sup>(a)(b)</sup> | 11/26/2036 | 6819484 |
| 6344916 | &nbsp;&nbsp;&nbsp;Series 2012-R4-1B (1 mo. Term SOFR + 0.11%, 0.00% Floor) | 2.96 %<sup>(a)</sup> | 08/26/2036 | 4887919 |
| 5050611 | &nbsp;&nbsp;&nbsp;Series 2013-R2-1B | 3.85 %<sup>(a)(b)</sup> | 10/26/2036 | 4555201 |
| 4784696 | &nbsp;&nbsp;&nbsp;Series 2014-R7-B2 | 4.15 %<sup>(a)(b)</sup> | 01/26/2051 | 4608076 |
|  | Morgan Stanley Residential Mortgage Loan Trust |  |  |  |
| 5894447 | &nbsp;&nbsp;&nbsp;Series 2025-NQM4-A3 | 5.94 %<sup>(a)(d)</sup> | 06/25/2070 | 5957729 |
| 6559000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM4-M1 | 6.33 %<sup>(a)(b)</sup> | 06/25/2070 | 6664681 |
|  | New Century Alternative Mortgage Loan Trust |  |  |  |
| 9137928 | &nbsp;&nbsp;&nbsp;Series 2006-ALT1-AF3 | 6.17 %<sup>(b)</sup> | 07/25/2036 | 1723725 |
| 11688262 | &nbsp;&nbsp;&nbsp;Series 2006-ALT2-AF5 | 6.72 %<sup>(d)</sup> | 10/25/2036 | 2071682 |
|  | New Century Home Equity Loan Trust |  |  |  |
| 17829000 | &nbsp;&nbsp;&nbsp;Series 2005-4-M5 (1 mo. Term SOFR + 1.13%, 1.02% Floor, 12.50% Cap) | 4.87% | 09/25/2035 | 17573917 |
| 12500000 | &nbsp;&nbsp;&nbsp;Series 2006-1-A2C (1 mo. Term SOFR + 0.67%, 0.56% Floor, 12.50% Cap) | 4.41% | 05/25/2036 | 11981241 |
|  | New Residential Mortgage Loan Trust |  |  |  |
| 8334946 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-A3 | 5.46 %<sup>(a)(d)</sup> | 08/25/2065 | 8376864 |
| 11649000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-M1 | 6.09 %<sup>(a)(b)</sup> | 08/25/2065 | 11721622 |
| 3100000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM6-A3 | 5.34 %<sup>(a)(d)</sup> | 10/25/2065 | 3120255 |
| 3250000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM6-M1 | 5.81 %<sup>(a)(b)</sup> | 10/25/2065 | 3294954 |
|  | Nomura Asset Acceptance Corp. |  |  |  |
| 12968 | &nbsp;&nbsp;&nbsp;Series 2005-AP1-2A5 | 5.36 %<sup>(d)</sup> | 02/25/2035 | 12860 |
| 12394576 | &nbsp;&nbsp;&nbsp;Series 2006-AF1-1A2 | 6.16 %<sup>(b)</sup> | 05/25/2036 | 2213102 |
| 2518799 | &nbsp;&nbsp;&nbsp;Series 2006-AF1-1A3Pool 06-AF1 | 6.41 %<sup>(b)</sup> | 05/25/2036 | 449209 |
| 13603008 | &nbsp;&nbsp;&nbsp;Series 2006-AP1-A2 | 5.52 %<sup>(b)</sup> | 01/25/2036 | 3827330 |
| 2299195 | &nbsp;&nbsp;&nbsp;Series 2006-AP1-A3 | 5.65 %<sup>(b)</sup> | 01/25/2036 | 646633 |
| 1061379 | &nbsp;&nbsp;&nbsp;Series 2006-WF1-A2 | 5.76 %<sup>(b)</sup> | 06/25/2036 | 270747 |
|  | Nomura Home Equity Loan, Inc. |  |  |  |
| 14333885 | &nbsp;&nbsp;&nbsp;Series 2006-AF1-A2 | 6.30 %<sup>(d)</sup> | 10/25/2036 | 2456084 |
| 2370199 | &nbsp;&nbsp;&nbsp;Series 2007-1-1A1 | 6.56 %<sup>(d)</sup> | 02/25/2037 | 600183 |
| 11813618 | &nbsp;&nbsp;&nbsp;Series 2007-1-1A3 (30 day avg SOFR US) | 6.49 %<sup>(d)</sup> | 02/25/2037 | 2992101 |
|  | Nomura Resecuritization Trust |  |  |  |
| 2616721 | &nbsp;&nbsp;&nbsp;Series 2014-1R-6A7 | 6.00 %<sup>(a)(b)</sup> | 08/26/2036 | 2282024 |
| 3494936 | &nbsp;&nbsp;&nbsp;Series 2014-2R-4A9 | 3.96 %<sup>(a)(d)</sup> | 07/26/2036 | 2813263 |
| 7973846 | &nbsp;&nbsp;&nbsp;Series 2015-4R-5A2 (1 mo. Term SOFR + 0.54%, 0.43% Floor) | 4.47 %<sup>(a)(i)</sup> | 03/26/2036 | 6094013 |
|  | Novastar Home Equity Loan |  |  |  |
| 14600000 | &nbsp;&nbsp;&nbsp;Series 2005-3-M4 (1 mo. Term SOFR + 1.00%, 0.89% Floor, 11.00% Cap) | 4.73% | 01/25/2036 | 12759867 |
| 7014646 | &nbsp;&nbsp;&nbsp;Series 2006-3-A2C (1 mo. Term SOFR + 0.43%, 0.32% Floor, 11.00% Cap) | 4.17% | 10/25/2036 | 3254249 |
|  | NRZ Excess Spread-Collateralized Notes |  |  |  |
| 20176714 | &nbsp;&nbsp;&nbsp;Series 2021-FHT1-A | 3.10 %<sup>(a)</sup> | 07/25/2026 | 19939113 |
|  | Onslow Bay Mortgage Loan Trust |  |  |  |
| 9694000 | &nbsp;&nbsp;&nbsp;Series 2021-NQM3-M1 | 2.33 %<sup>(a)(b)</sup> | 07/25/2061 | 6057400 |
| 3364454 | &nbsp;&nbsp;&nbsp;Series 2024-NQM12-A1 | 5.48 %<sup>(a)(d)</sup> | 07/25/2064 | 3394551 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 11380000 | &nbsp;&nbsp;&nbsp;Series 2024-NQM15-M1 | 5.97 %<sup>(a)(b)</sup> | 10/25/2064 | 11449987 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2024-NQM18-M1 | 6.17 %<sup>(a)(b)</sup> | 10/25/2064 | 2020212 |
| 8000000 | &nbsp;&nbsp;&nbsp;Series 2025-R1-A3 | 5.19 %<sup>(a)(d)</sup> | 09/25/2062 | 7991550 |
| 10838000 | &nbsp;&nbsp;&nbsp;Series 2025-R1-M1 | 5.75 %<sup>(a)(b)</sup> | 09/25/2062 | 10800709 |
|  | Option One Mortgage Loan Trust |  |  |  |
| 598339 | &nbsp;&nbsp;&nbsp;Series 2004-3-M3 (1 mo. Term SOFR + 1.09%, 0.98% Floor) | 4.82% | 11/25/2034 | 652074 |
| 4935461 | &nbsp;&nbsp;&nbsp;Series 2007-1-2A3 (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 4.13% | 01/25/2037 | 2908754 |
| 44268966 | &nbsp;&nbsp;&nbsp;Series 2007-6-1A1 (1 mo. Term SOFR + 0.30%, 0.19% Floor) | 4.04% | 07/25/2037 | 40175459 |
|  | People's Choice Home Loan Securities Trust |  |  |  |
| 11660000 | &nbsp;&nbsp;&nbsp;Series 2005-1-M5 (1 mo. Term SOFR + 1.61%, 1.50% Floor, 15.00% Cap) | 5.35% | 01/25/2035 | 9235416 |
|  | PHH Alternative Mortgage Trust |  |  |  |
| 2165542 | &nbsp;&nbsp;&nbsp;Series 2007-1-1A1 (1 mo. Term SOFR + 0.43%, 0.32% Floor, 10.10% Cap) | 4.17% | 02/25/2037 | 1597232 |
| 5132086 | &nbsp;&nbsp;&nbsp;Series 2007-2-2A1 | 6.00% | 05/25/2037 | 4519416 |
| 2394715 | &nbsp;&nbsp;&nbsp;Series 2007-2-2A2 | 6.00% | 05/25/2037 | 2108833 |
| 154249 | &nbsp;&nbsp;&nbsp;Series 2007-2-3A1 | 6.00% | 05/25/2037 | 144093 |
|  | PR Mortgage Loan Trust |  |  |  |
| 87262907 | &nbsp;&nbsp;&nbsp;Series 2014-1-APT | 5.85 %<sup>(a)(b)</sup> | 10/25/2049 | 82908026 |
|  | Pretium Mortgage Credit Partners LLC |  |  |  |
| 17783924 | &nbsp;&nbsp;&nbsp;Series 2024-NPL6-A1 | 5.93 %<sup>(a)(d)</sup> | 10/25/2054 | 17807328 |
| 21549577 | &nbsp;&nbsp;&nbsp;Series 2024-NPL7-A1 | 5.93 %<sup>(a)(d)</sup> | 10/25/2054 | 21578983 |
| 52340627 | &nbsp;&nbsp;&nbsp;Series 2024-NPL9-A1 | 5.85 %<sup>(a)(d)</sup> | 12/25/2054 | 52409109 |
| 61157874 | &nbsp;&nbsp;&nbsp;Series 2025-NPL2-A1 | 5.84 %<sup>(a)(d)</sup> | 03/25/2055 | 61374159 |
| 41283120 | &nbsp;&nbsp;&nbsp;Series 2025-NPL7-A1 | 5.66 %<sup>(a)(d)</sup> | 07/25/2055 | 41421162 |
|  | Prime Mortgage Trust |  |  |  |
| 2001919 | &nbsp;&nbsp;&nbsp;Series 2006-DR1-2A2 | 6.00 %<sup>(a)</sup> | 05/25/2035 | 1713312 |
|  | Progress Residential Trust |  |  |  |
| 48141143 | &nbsp;&nbsp;&nbsp;Series 2021-SFR10-E1 | 3.57 %<sup>(a)</sup> | 12/17/2040 | 46351534 |
| 19978341 | &nbsp;&nbsp;&nbsp;Series 2021-SFR10-E2 | 3.67 %<sup>(a)</sup> | 12/17/2040 | 19237638 |
| 10821601 | &nbsp;&nbsp;&nbsp;Series 2021-SFR10-F | 4.61 %<sup>(a)</sup> | 12/17/2040 | 10667800 |
| 7000000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR5-E1 | 2.21 %<sup>(a)</sup> | 07/17/2038 | 6913103 |
| 25000000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR8-E1 | 2.38 %<sup>(a)</sup> | 10/17/2038 | 24582790 |
| 23900000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR8-E2 | 2.53 %<sup>(a)</sup> | 10/17/2038 | 23491941 |
| 19900000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR8-F | 3.18 %<sup>(a)</sup> | 10/17/2038 | 19603410 |
| 13000000 | &nbsp;&nbsp;&nbsp;Series 2025-SFR3-D | 3.39 %<sup>(a)</sup> | 07/17/2042 | 11960607 |
| 22350000 | &nbsp;&nbsp;&nbsp;Series 2025-SFR4-A | 4.30 %<sup>(a)</sup> | 08/17/2042 | 22111262 |
| 16500000 | &nbsp;&nbsp;&nbsp;Series 2025-SFR4-B | 4.70 %<sup>(a)</sup> | 08/17/2042 | 16402954 |
| 14300000 | &nbsp;&nbsp;&nbsp;Series 2025-SFR5-B | 4.00 %<sup>(a)</sup> | 10/17/2042 | 13787155 |
|  | PRPM LLC |  |  |  |
| 23453944 | &nbsp;&nbsp;&nbsp;Series 2024-6-A1 | 5.70 %<sup>(a)(d)</sup> | 11/25/2029 | 23480837 |
| 25187163 | &nbsp;&nbsp;&nbsp;Series 2024-7-A1 | 5.87 %<sup>(a)(d)</sup> | 11/25/2029 | 25219040 |
| 86701674 | &nbsp;&nbsp;&nbsp;Series 2024-8-A1 | 5.90 %<sup>(a)(d)</sup> | 12/25/2029 | 86844108 |
| 18292275 | &nbsp;&nbsp;&nbsp;Series 2024-NQM4-A1 | 5.67 %<sup>(a)(d)</sup> | 12/26/2069 | 18436513 |
| 27900458 | &nbsp;&nbsp;&nbsp;Series 2025-3-A1 | 6.26 %<sup>(a)(d)</sup> | 05/25/2030 | 27974140 |
| 41764602 | &nbsp;&nbsp;&nbsp;Series 2025-4-A1 | 6.18 %<sup>(a)(d)</sup> | 06/25/2030 | 41875145 |
| 70114716 | &nbsp;&nbsp;&nbsp;Series 2025-5-A1 | 5.73 %<sup>(a)(d)</sup> | 07/25/2030 | 70223660 |
| 33271093 | &nbsp;&nbsp;&nbsp;Series 2025-6-A1 | 5.77 %<sup>(a)(d)</sup> | 08/25/2028 | 33349619 |
| 20131442 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-A1 | 5.18 %<sup>(a)(b)</sup> | 10/25/2070 | 20186193 |
| 6233399 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-A2 | 5.33 %<sup>(a)(d)</sup> | 10/25/2070 | 6249841 |
| 7717542 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-A3 | 5.43 %<sup>(a)(d)</sup> | 10/25/2070 | 7737892 |
| 11671000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-B1 | 6.90 %<sup>(a)(b)</sup> | 10/25/2070 | 11701457 |
| 11800000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-M1 | 5.90 %<sup>(a)(b)</sup> | 10/25/2070 | 11842948 |
| 6449000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM6-M1 | 5.77 %<sup>(a)(b)</sup> | 12/25/2070 | 6478566 |
|  | Racers |  |  |  |
| 13085000 | &nbsp;&nbsp;&nbsp;Series 2006-2-M2 (1 mo. Term SOFR + 0.40%, 0.29% Floor) | 4.14% | 09/25/2036 | 11077536 |
|  | RALI Trust |  |  |  |
| 13370712 | &nbsp;&nbsp;&nbsp;Series 2005-QA11-4A1 | 5.44 %<sup>(b)</sup> | 10/25/2035 | 9654974 |
| 6400153 | &nbsp;&nbsp;&nbsp;Series 2005-QA13-2A1 | 5.22 %<sup>(b)</sup> | 12/25/2035 | 5638275 |
| 4846299 | &nbsp;&nbsp;&nbsp;Series 2005-QA3-CB1 | 4.04 %<sup>(b)</sup> | 03/25/2035 | 1894242 |
| 142239 | &nbsp;&nbsp;&nbsp;Series 2005-QS12-A11 (-11 x 1 mo. Term SOFR + 49.89%, 0.00% Floor, 51.15% Cap) | 8.84 %<sup>(g)</sup> | 08/25/2035 | 151696 |
| 531670 | &nbsp;&nbsp;&nbsp;Series 2005-QS13-1A6 | 5.50% | 09/25/2035 | 424675 |
| 1183545 | &nbsp;&nbsp;&nbsp;Series 2005-QS13-2A1 (1 mo. Term SOFR + 0.81%, 0.70% Floor, 5.75% Cap) | 4.55% | 09/25/2035 | 948515 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 4852534 | &nbsp;&nbsp;&nbsp;Series 2005-QS13-2A2 (-1 x 1 mo. Term SOFR + 4.94%, 0.00% Floor, 5.05% Cap) | 1.20 %<sup>(f)(g)</sup> | 09/25/2035 | 249822 |
| 4886110 | &nbsp;&nbsp;&nbsp;Series 2005-QS14-2A1 | 6.00% | 09/25/2035 | 1432912 |
| 1091747 | &nbsp;&nbsp;&nbsp;Series 2005-QS15-2A | 6.00% | 10/25/2035 | 959688 |
| 1090539 | &nbsp;&nbsp;&nbsp;Series 2005-QS15-3A | 6.00% | 10/25/2035 | 969238 |
| 1012845 | &nbsp;&nbsp;&nbsp;Series 2005-QS16-A1 (1 mo. Term SOFR + 0.81%, 0.70% Floor, 5.50% Cap) | 4.55% | 11/25/2035 | 843847 |
| 1012670 | &nbsp;&nbsp;&nbsp;Series 2005-QS16-A2 (-1 x 1 mo. Term SOFR + 4.69%, 0.00% Floor, 4.80% Cap) | 0.95 %<sup>(f)(g)</sup> | 11/25/2035 | 44338 |
| 570201 | &nbsp;&nbsp;&nbsp;Series 2005-QS17-A1 | 6.00% | 12/25/2035 | 497799 |
| 590009 | &nbsp;&nbsp;&nbsp;Series 2005-QS17-A10 | 6.00% | 12/25/2035 | 515092 |
| 1652563 | &nbsp;&nbsp;&nbsp;Series 2005-QS17-A11 | 6.00% | 12/25/2035 | 1442727 |
| 1174590 | &nbsp;&nbsp;&nbsp;Series 2005-QS17-A2 (1 mo. Term SOFR + 0.96%, 0.85% Floor, 6.00% Cap) | 4.70% | 12/25/2035 | 990980 |
| 1174590 | &nbsp;&nbsp;&nbsp;Series 2005-QS17-A4 (-1 x 1 mo. Term SOFR + 5.04%, 0.00% Floor, 5.15% Cap) | 1.30 %<sup>(f)(g)</sup> | 12/25/2035 | 64624 |
| 945111 | &nbsp;&nbsp;&nbsp;Series 2005-QS17-A6 | 6.00% | 12/25/2035 | 825105 |
| 392549 | &nbsp;&nbsp;&nbsp;Series 2005-QS5-A3 | 5.70% | 04/25/2035 | 399221 |
| 452834 | &nbsp;&nbsp;&nbsp;Series 2006-QS1-A6 (-8 x 1 mo. Term SOFR + 41.98%, 0.00% Floor, 42.86% Cap) | 13.37 %<sup>(g)</sup> | 01/25/2036 | 516659 |
| 1498767 | &nbsp;&nbsp;&nbsp;Series 2006-QS10-A1 | 6.00% | 08/25/2036 | 1311571 |
| 460886 | &nbsp;&nbsp;&nbsp;Series 2006-QS10-A4 | 5.75% | 08/25/2036 | 398247 |
| 3198325 | &nbsp;&nbsp;&nbsp;Series 2006-QS11-1A1 | 6.50% | 08/25/2036 | 2677684 |
| 963130 | &nbsp;&nbsp;&nbsp;Series 2006-QS12-1A1 | 6.50% | 09/25/2036 | 378013 |
| 1386243 | &nbsp;&nbsp;&nbsp;Series 2006-QS12-2A18 | 5.75% | 09/25/2036 | 1114674 |
| 2178859 | &nbsp;&nbsp;&nbsp;Series 2006-QS14-A18 (1 mo. Term SOFR) | 6.25% | 11/25/2036 | 1802172 |
| 989921 | &nbsp;&nbsp;&nbsp;Series 2006-QS15-A1 | 6.50% | 10/25/2036 | 871364 |
| 418643 | &nbsp;&nbsp;&nbsp;Series 2006-QS16-A10 | 6.00% | 11/25/2036 | 337487 |
| 1488630 | &nbsp;&nbsp;&nbsp;Series 2006-QS16-A11 | 6.00% | 11/25/2036 | 1200268 |
| 1186579 | &nbsp;&nbsp;&nbsp;Series 2006-QS16-A7 | 6.00% | 11/25/2036 | 956554 |
| 469580 | &nbsp;&nbsp;&nbsp;Series 2006-QS16-A8 | 6.00% | 11/25/2036 | 378550 |
| 185822 | &nbsp;&nbsp;&nbsp;Series 2006-QS16-A9 | 6.00% | 11/25/2036 | 149799 |
| 863428 | &nbsp;&nbsp;&nbsp;Series 2006-QS17-A4 | 6.00% | 12/25/2036 | 726720 |
| 4935938 | &nbsp;&nbsp;&nbsp;Series 2006-QS17-A5 | 6.00% | 12/25/2036 | 4154422 |
| 3160678 | &nbsp;&nbsp;&nbsp;Series 2006-QS3-1A11 | 6.00% | 03/25/2036 | 2874779 |
| 800090 | &nbsp;&nbsp;&nbsp;Series 2006-QS4-A8 (-790 x 1 mo. Term SOFR + 5,052.56%, 0.10% Floor, 8.00% Cap) | 8.00 %<sup>(g)</sup> | 04/25/2036 | 676240 |
| 3164534 | &nbsp;&nbsp;&nbsp;Series 2006-QS4-A9 | 6.00% | 04/25/2036 | 2594725 |
| 1897285 | &nbsp;&nbsp;&nbsp;Series 2006-QS5-A3 | 6.00% | 05/25/2036 | 1700876 |
| 5654624 | &nbsp;&nbsp;&nbsp;Series 2006-QS5-A4 | 6.00% | 05/25/2036 | 5069252 |
| 996101 | &nbsp;&nbsp;&nbsp;Series 2006-QS6-1A16 | 6.00% | 06/25/2036 | 820698 |
| 1445126 | &nbsp;&nbsp;&nbsp;Series 2006-QS6-1A2 | 6.00% | 06/25/2036 | 1190655 |
| 2741551 | &nbsp;&nbsp;&nbsp;Series 2006-QS8-A1 | 6.00% | 08/25/2036 | 2326525 |
| 4754250 | &nbsp;&nbsp;&nbsp;Series 2006-QS8-A5 (-1 x 1 mo. Term SOFR + 5.44%, 0.00% Floor, 5.55% Cap) | 1.70 %<sup>(f)(g)</sup> | 08/25/2036 | 349827 |
| 1652324 | &nbsp;&nbsp;&nbsp;Series 2006-QS9-1A6 (-1 x 1 mo. Term SOFR + 5.19%, 0.00% Floor, 5.30% Cap) | 1.45 %<sup>(f)(g)</sup> | 07/25/2036 | 111015 |
| 17392613 | &nbsp;&nbsp;&nbsp;Series 2007-QA5-1A1 | 6.27 %<sup>(b)</sup> | 09/25/2037 | 10522014 |
| 23734108 | &nbsp;&nbsp;&nbsp;Series 2007-QH5-AII (1 mo. Term SOFR + 0.57%, 0.46% Floor) | 4.31% | 06/25/2037 | 10450363 |
| 8348360 | &nbsp;&nbsp;&nbsp;Series 2007-QH7-2A1 (1 mo. Term SOFR + 0.71%, 0.60% Floor) | 4.45% | 08/25/2037 | 7717480 |
| 6207591 | &nbsp;&nbsp;&nbsp;Series 2007-QS1-1A2 (-1 x 1 mo. Term SOFR + 5.34%, 0.00% Floor, 5.45% Cap) | 1.60 %<sup>(f)(g)</sup> | 01/25/2037 | 527438 |
| 624860 | &nbsp;&nbsp;&nbsp;Series 2007-QS1-1A4 | 6.00% | 01/25/2037 | 501530 |
| 1513701 | &nbsp;&nbsp;&nbsp;Series 2007-QS1-2A10 | 6.00% | 01/25/2037 | 1161876 |
| 17798198 | &nbsp;&nbsp;&nbsp;Series 2007-QS10-A1 | 6.50% | 09/25/2037 | 14914920 |
| 1932344 | &nbsp;&nbsp;&nbsp;Series 2007-QS11-A1 | 7.00% | 10/25/2037 | 1552959 |
| 1963694 | &nbsp;&nbsp;&nbsp;Series 2007-QS2-A6 | 6.25% | 01/25/2037 | 1661362 |
| 10542903 | &nbsp;&nbsp;&nbsp;Series 2007-QS3-A1 | 6.50% | 02/25/2037 | 8950368 |
| 1681132 | &nbsp;&nbsp;&nbsp;Series 2007-QS3-A4 | 6.25% | 02/25/2037 | 1405574 |
| 2466541 | &nbsp;&nbsp;&nbsp;Series 2007-QS4-3A3 | 6.00% | 03/25/2037 | 2135643 |
| 1089386 | &nbsp;&nbsp;&nbsp;Series 2007-QS5-A1 | 5.50% | 03/25/2037 | 905034 |
| 449416 | &nbsp;&nbsp;&nbsp;Series 2007-QS5-A5 (1 mo. Term SOFR + 0.41%, 0.30% Floor, 7.00% Cap) | 4.15% | 03/25/2037 | 344776 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 1492614 | &nbsp;&nbsp;&nbsp;Series 2007-QS5-A8 (-1 x 1 mo. Term SOFR + 6.59%, 0.00% Floor, 6.70% Cap) | 2.85 %<sup>(f)(g)</sup> | 03/25/2037 | 194711 |
| 1247619 | &nbsp;&nbsp;&nbsp;Series 2007-QS6-A102 | 5.75% | 04/25/2037 | 1037363 |
| 401146 | &nbsp;&nbsp;&nbsp;Series 2007-QS6-A13 (-8 x 1 mo. Term SOFR + 54.05%, 0.00% Floor, 55.00% Cap) | 22.95 %<sup>(g)</sup> | 04/25/2037 | 619086 |
| 1786493 | &nbsp;&nbsp;&nbsp;Series 2007-QS6-A45 | 5.75% | 04/25/2037 | 1485422 |
| 2847118 | &nbsp;&nbsp;&nbsp;Series 2007-QS6-A6 | 6.25% | 04/25/2037 | 2440263 |
| 196641 | &nbsp;&nbsp;&nbsp;Series 2007-QS6-A77 (-8 x 1 mo. Term SOFR + 54.88%, 0.00% Floor, 55.83% Cap) | 23.78 %<sup>(g)</sup> | 04/25/2037 | 310778 |
| 5220250 | &nbsp;&nbsp;&nbsp;Series 2007-QS7-2A1 | 6.75% | 06/25/2037 | 1911052 |
| 10246793 | &nbsp;&nbsp;&nbsp;Series 2007-QS9-A33 | 6.50% | 07/25/2037 | 8490081 |
|  | RAMP Trust |  |  |  |
| 1282678 | &nbsp;&nbsp;&nbsp;Series 2004-RS7-A3 | 5.54 %<sup>(b)</sup> | 07/25/2034 | 1148967 |
| 3624064 | &nbsp;&nbsp;&nbsp;Series 2006-RS2-A3A (1 mo. Term SOFR + 0.41%, 0.30% Floor, 14.00% Cap) | 4.45% | 03/25/2036 | 3603069 |
| 10550582 | &nbsp;&nbsp;&nbsp;Series 2006-RS3-A4 (1 mo. Term SOFR + 0.41%, 0.30% Floor, 14.00% Cap) | 4.45% | 05/25/2036 | 9053523 |
| 11381535 | &nbsp;&nbsp;&nbsp;Series 2006-RS6-A4 (1 mo. Term SOFR + 0.65%, 0.54% Floor) | 4.39% | 11/25/2036 | 9442117 |
|  | RASC Trust |  |  |  |
| 3860296 | &nbsp;&nbsp;&nbsp;Series 2005-KS4-M5 (1 mo. Term SOFR + 1.31%, 1.20% Floor) | 5.65% | 05/25/2035 | 4114375 |
| 2593441 | &nbsp;&nbsp;&nbsp;Series 2007-EMX1-A13 (1 mo. Term SOFR + 0.51%, 0.40% Floor, 14.00% Cap) | 4.25% | 01/25/2037 | 2737636 |
|  | RBSSP Resecuritization Trust |  |  |  |
| 10759258 | &nbsp;&nbsp;&nbsp;Series 2009-12-20A2 | 4.21 %<sup>(a)(b)</sup> | 12/25/2035 | 9570998 |
| 2893598 | &nbsp;&nbsp;&nbsp;Series 2010-4-7A2 | 6.00 %<sup>(a)</sup> | 07/26/2037 | 1348366 |
|  | Renaissance Home Equity Loan Trust |  |  |  |
| 5355470 | &nbsp;&nbsp;&nbsp;Series 2006-1-AF6 | 5.75 %<sup>(d)</sup> | 05/25/2036 | 2330572 |
|  | Renaissance NIM Trust |  |  |  |
| 2062139 | &nbsp;&nbsp;&nbsp;Series 2006-2-AF5 | 6.25 %<sup>(d)</sup> | 08/25/2036 | 759823 |
| 17385181 | &nbsp;&nbsp;&nbsp;Series 2006-3-AF3 | 5.59 %<sup>(d)</sup> | 11/25/2036 | 5352859 |
| 18049871 | &nbsp;&nbsp;&nbsp;Series 2006-3-AF4 | 5.81 %<sup>(d)</sup> | 11/25/2036 | 5782404 |
| 2933947 | &nbsp;&nbsp;&nbsp;Series 2006-3-AF5 | 6.12 %<sup>(d)</sup> | 11/25/2036 | 990052 |
| 10257172 | &nbsp;&nbsp;&nbsp;Series 2006-4-AF4 | 5.47 %<sup>(d)</sup> | 01/25/2037 | 3200735 |
| 20198460 | &nbsp;&nbsp;&nbsp;Series 2006-4-AF5 | 5.69 %<sup>(d)</sup> | 01/25/2037 | 6549977 |
| 8192822 | &nbsp;&nbsp;&nbsp;Series 2007-1-AF1 | 5.74 %<sup>(d)</sup> | 04/25/2037 | 2098904 |
| 5779950 | &nbsp;&nbsp;&nbsp;Series 2007-1-AF1Z | 5.35 %<sup>(d)</sup> | 04/25/2037 | 1398086 |
| 3486895 | &nbsp;&nbsp;&nbsp;Series 2007-1-AF2 | 5.51 %<sup>(d)</sup> | 04/25/2037 | 857131 |
| 5072268 | &nbsp;&nbsp;&nbsp;Series 2007-1-AF3 (1 mo. Term SOFR) | 5.61 %<sup>(d)</sup> | 04/25/2037 | 1269677 |
| 2781357 | &nbsp;&nbsp;&nbsp;Series 2007-1-AF4 | 5.76 %<sup>(d)</sup> | 04/25/2037 | 714942 |
| 8232817 | &nbsp;&nbsp;&nbsp;Series 2007-1-AF5 | 5.91 %<sup>(d)</sup> | 04/25/2037 | 2171487 |
| 17696892 | &nbsp;&nbsp;&nbsp;Series 2007-2-AF2Pool 2007-2 (1 mo. Term SOFR) | 5.68 %<sup>(d)</sup> | 06/25/2037 | 4215117 |
| 22755581 | &nbsp;&nbsp;&nbsp;Series 2007-2-AF5 (1 mo. Term SOFR) | 6.20 %<sup>(d)</sup> | 06/25/2037 | 6040619 |
|  | Residential Asset Securitization Trust |  |  |  |
| 4383925 | &nbsp;&nbsp;&nbsp;Series 2005-A11-2A4 | 6.00% | 10/25/2035 | 1786284 |
| 1041934 | &nbsp;&nbsp;&nbsp;Series 2005-A12-A7 (-1 x 1 mo. Term SOFR + 4.89%, 0.00% Floor, 5.00% Cap) | 1.15 %<sup>(f)(g)</sup> | 11/25/2035 | 87699 |
| 1392991 | &nbsp;&nbsp;&nbsp;Series 2005-A12-A8 (1 mo. Term SOFR + 0.66%, 0.55% Floor, 5.50% Cap) | 4.40% | 11/25/2035 | 668126 |
| 1312549 | &nbsp;&nbsp;&nbsp;Series 2005-A15-1A7 | 6.00% | 02/25/2036 | 1365573 |
| 6926501 | &nbsp;&nbsp;&nbsp;Series 2005-A15-5A3 | 5.75% | 02/25/2036 | 2427102 |
| 7150654 | &nbsp;&nbsp;&nbsp;Series 2005-A16-A1 | 5.00% | 02/25/2036 | 2401894 |
| 2560849 | &nbsp;&nbsp;&nbsp;Series 2005-A8CB-A11 | 6.00% | 07/25/2035 | 1407208 |
| 2596778 | &nbsp;&nbsp;&nbsp;Series 2005-A8CB-A2 (-1 x 1 mo. Term SOFR + 4.89%, 0.00% Floor, 5.00% Cap) | 1.15 %<sup>(f)(g)</sup> | 07/25/2035 | 189914 |
| 641971 | &nbsp;&nbsp;&nbsp;Series 2006-A1-1A3 | 6.00% | 04/25/2036 | 273124 |
| 10330205 | &nbsp;&nbsp;&nbsp;Series 2006-A1-3A2 | 6.00% | 04/25/2036 | 4454366 |
| 4939747 | &nbsp;&nbsp;&nbsp;Series 2006-A10-A5 | 6.50% | 09/25/2036 | 1419370 |
| 7068226 | &nbsp;&nbsp;&nbsp;Series 2006-A12-A1 | 6.25% | 11/25/2036 | 2462106 |
| 7204509 | &nbsp;&nbsp;&nbsp;Series 2006-A13-A1 | 6.25% | 12/25/2036 | 2360774 |
| 14801958 | &nbsp;&nbsp;&nbsp;Series 2006-A14C-2A6 (1 mo. Term SOFR + 0.56%, 0.45% Floor, 7.00% Cap) | 4.30% | 12/25/2036 | 2906970 |
| 31076331 | &nbsp;&nbsp;&nbsp;Series 2006-A14C-2A7 (-1 x 1 mo. Term SOFR + 6.44%, 0.00% Floor, 6.55% Cap) | 2.70 %<sup>(f)(g)</sup> | 12/25/2036 | 3885533 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 5475565 | &nbsp;&nbsp;&nbsp;Series 2006-A2-A11 | 6.00% | 01/25/2046 | 1969520 |
| 3796900 | &nbsp;&nbsp;&nbsp;Series 2006-A2-A4 | 6.00% | 01/25/2046 | 1363686 |
| 3155593 | &nbsp;&nbsp;&nbsp;Series 2006-A2-A9 | 6.00% | 01/25/2046 | 1133356 |
| 2250431 | &nbsp;&nbsp;&nbsp;Series 2006-A8-1A1 | 6.00% | 08/25/2036 | 1537118 |
| 4466899 | &nbsp;&nbsp;&nbsp;Series 2006-R1-A1 (-4 x 1 mo. Term SOFR + 27.94%, 0.00% Floor, 28.40% Cap) | 13.02 %<sup>(g)</sup> | 01/25/2046 | 3956964 |
| 19272010 | &nbsp;&nbsp;&nbsp;Series 2007-A2-1A2 | 6.00% | 04/25/2037 | 9588401 |
| 696624 | &nbsp;&nbsp;&nbsp;Series 2007-A3-1A2 (-8 x 1 mo. Term SOFR + 45.51%, 0.00% Floor, 46.38% Cap) | 16.90 %<sup>(g)</sup> | 04/25/2037 | 813340 |
| 5925093 | &nbsp;&nbsp;&nbsp;Series 2007-A5-1A6 (1 mo. Term SOFR + 0.51%, 0.40% Floor, 6.50% Cap) | 4.25% | 05/25/2037 | 687740 |
| 3926836 | &nbsp;&nbsp;&nbsp;Series 2007-A5-2A3 | 6.00% | 05/25/2037 | 1928558 |
| 1720932 | &nbsp;&nbsp;&nbsp;Series 2007-A5-2A5 | 6.00% | 05/25/2037 | 845189 |
| 7407592 | &nbsp;&nbsp;&nbsp;Series 2007-A6-1A2 | 6.00% | 06/25/2037 | 3641690 |
| 7757610 | &nbsp;&nbsp;&nbsp;Series 2007-A7-A1 | 6.00% | 07/25/2037 | 2804549 |
| 34122954 | &nbsp;&nbsp;&nbsp;Series 2007-A7-A2 | 6.00% | 07/25/2037 | 12336209 |
| 15119161 | &nbsp;&nbsp;&nbsp;Series 2007-A7-A6 | 6.00% | 07/25/2037 | 5465914 |
|  | RESIDENTIAL MORTGAGE LOAN TRUST |  |  |  |
| 6300000 | &nbsp;&nbsp;&nbsp;Series 2020-2-M1 | 3.57 %<sup>(a)(b)</sup> | 05/25/2060 | 6073738 |
|  | RFMSI Trust |  |  |  |
| 3026380 | &nbsp;&nbsp;&nbsp;Series 2006-S10-1A1 | 6.00% | 10/25/2036 | 2471392 |
| 886072 | &nbsp;&nbsp;&nbsp;Series 2006-S5-A12 | 6.00% | 06/25/2036 | 759486 |
| 60664 | &nbsp;&nbsp;&nbsp;Series 2006-S5-A15 | 6.00% | 06/25/2036 | 51998 |
| 1891533 | &nbsp;&nbsp;&nbsp;Series 2006-S9-A1 | 6.25% | 09/25/2036 | 1526327 |
| 2100990 | &nbsp;&nbsp;&nbsp;Series 2007-S1-A7 | 6.00% | 01/25/2037 | 1732504 |
| 1233718 | &nbsp;&nbsp;&nbsp;Series 2007-S2-A1 | 6.00% | 02/25/2037 | 951548 |
| 1389920 | &nbsp;&nbsp;&nbsp;Series 2007-S2-A4 | 6.00% | 02/25/2037 | 1072024 |
| 2594821 | &nbsp;&nbsp;&nbsp;Series 2007-S2-A5 | 6.00% | 02/25/2037 | 2001345 |
| 1314466 | &nbsp;&nbsp;&nbsp;Series 2007-S3-1A4 | 6.00% | 03/25/2037 | 956810 |
| 1052656 | &nbsp;&nbsp;&nbsp;Series 2007-S4-A1 | 6.00% | 04/25/2037 | 811590 |
| 589518 | &nbsp;&nbsp;&nbsp;Series 2007-S4-A2 | 6.00% | 04/25/2037 | 454512 |
| 8677277 | &nbsp;&nbsp;&nbsp;Series 2007-S5-A1 | 6.00% | 05/25/2037 | 7292602 |
| 2514709 | &nbsp;&nbsp;&nbsp;Series 2007-S5-A8 | 6.00% | 05/25/2037 | 2113925 |
| 1029991 | &nbsp;&nbsp;&nbsp;Series 2007-S6-2A4 | 6.00% | 06/25/2037 | 805971 |
| 7102462 | &nbsp;&nbsp;&nbsp;Series 2007-S7-A20 | 6.00% | 07/25/2037 | 5793071 |
| 3543325 | &nbsp;&nbsp;&nbsp;Series 2007-S8-1A1 | 6.00% | 09/25/2037 | 2411463 |
| 2257863 | &nbsp;&nbsp;&nbsp;Series 2007-SA2-2A1 | 5.67 %<sup>(b)</sup> | 04/25/2037 | 1960801 |
|  | Rithm Capital Corp. |  |  |  |
| 62504400 | &nbsp;&nbsp;&nbsp;Series 2020-RPL1-M1 | 3.25 %<sup>(a)(b)</sup> | 11/25/2059 | 55791009 |
| 16345550 | &nbsp;&nbsp;&nbsp;Series 2020-RPL1-M2 | 3.50 %<sup>(a)(b)</sup> | 11/25/2059 | 14346749 |
|  | Santander US Capital Markets LLC |  |  |  |
| 2744610 | &nbsp;&nbsp;&nbsp;Series 2025-NQM3-A3 | 6.06 %<sup>(a)(d)</sup> | 05/25/2065 | 2769259 |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM3-M1 | 6.33 %<sup>(a)(b)</sup> | 05/25/2065 | 3033353 |
|  | Securitized Asset Backed Receivables LLC |  |  |  |
| 3244298 | &nbsp;&nbsp;&nbsp;Series 2006-NC3-A2B (1 mo. Term SOFR + 0.41%, 0.30% Floor) | 4.15% | 09/25/2036 | 1078144 |
| 4812010 | &nbsp;&nbsp;&nbsp;Series 2007-BR3-A2A (1 mo. Term SOFR + 0.25%, 0.14% Floor) | 3.99% | 04/25/2037 | 3285338 |
| 4702988 | &nbsp;&nbsp;&nbsp;Series 2007-BR3-A2B (1 mo. Term SOFR + 0.55%, 0.44% Floor) | 4.29% | 04/25/2037 | 3210709 |
| 12975716 | &nbsp;&nbsp;&nbsp;Series 2007-BR4-A2B (1 mo. Term SOFR + 0.51%, 0.40% Floor) | 4.25% | 05/25/2037 | 7982782 |
|  | Securitized Mortgage Asset Loan Trust |  |  |  |
| 162203163 | &nbsp;&nbsp;&nbsp;Series 2015-1-PC | 2.71 %<sup>(a)(b)</sup> | 02/25/2054 | 140481304 |
|  | Sequoia Mortgage Trust |  |  |  |
| 30053 | &nbsp;&nbsp;&nbsp;Series 2003-4-2A1 (1 mo. Term SOFR + 0.81%, 0.70% Floor, 11.50% Cap) | 4.55% | 07/20/2033 | 30201 |
|  | SG Mortgage Securities Trust |  |  |  |
| 1463891 | &nbsp;&nbsp;&nbsp;Series 2006-FRE1-A1A (1 mo. Term SOFR + 0.45%, 0.34% Floor) | 4.19% | 02/25/2036 | 1442246 |
| 2276268 | &nbsp;&nbsp;&nbsp;Series 2006-FRE1-A2C (1 mo. Term SOFR + 0.65%, 0.54% Floor) | 4.39% | 02/25/2036 | 1136414 |
|  | Soundview Home Equity Loan Trust |  |  |  |
| 11321088 | &nbsp;&nbsp;&nbsp;Series 2007-NS1-M1 (1 mo. Term SOFR + 0.64%, 0.53% Floor) | 4.37% | 01/25/2037 | 11571916 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 2902190 | &nbsp;&nbsp;&nbsp;Series 2007-OPT1-2A2 (1 mo. Term SOFR + 0.26%, 0.15% Floor) | 4.00% | 06/25/2037 | 1959418 |
| 5063770 | &nbsp;&nbsp;&nbsp;Series 2007-OPT3-1A1 (1 mo. Term SOFR + 0.28%, 0.17% Floor) | 4.02% | 08/25/2037 | 4457832 |
| 16534936 | &nbsp;&nbsp;&nbsp;Series 2007-OPT4-1A1 (1 mo. Term SOFR + 1.11%, 1.00% Floor) | 4.85% | 09/25/2037 | 12351217 |
| 40558070 | &nbsp;&nbsp;&nbsp;Series 2007-WM1W-2A1 (1 mo. Term SOFR + 0.29%, 0.18% Floor) | 3.79% | 02/25/2037 | 34187204 |
|  | Specialty Underwriting & Residential Finance |  |  |  |
| 3521965 | &nbsp;&nbsp;&nbsp;Series 2006-BC2-A2B | 3.67 %<sup>(d)</sup> | 02/25/2037 | 1130809 |
| 11581220 | &nbsp;&nbsp;&nbsp;Series 2007-AB1-A2C (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 4.35% | 03/25/2037 | 6002473 |
|  | Spruce Hill Mortgage Loan Trust |  |  |  |
| 5057420 | &nbsp;&nbsp;&nbsp;Series 2020-SH1-M1 | 3.22 %<sup>(a)(b)</sup> | 01/28/2050 | 5018270 |
|  | Starwood Mortgage Residential Trust |  |  |  |
| 6329000 | &nbsp;&nbsp;&nbsp;Series 2021-1-B2 | 4.52 %<sup>(a)(b)</sup> | 05/25/2065 | 5087457 |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2021-2-B1 | 2.75 %<sup>(a)(b)</sup> | 05/25/2065 | 4237132 |
| 7110000 | &nbsp;&nbsp;&nbsp;Series 2021-2-B2 | 3.00 %<sup>(a)(b)</sup> | 05/25/2065 | 5242030 |
| 9103000 | &nbsp;&nbsp;&nbsp;Series 2021-5-M1 | 3.25 %<sup>(a)(b)</sup> | 09/25/2066 | 6914686 |
|  | Structured Adjustable Rate Mortgage Loan Trust |  |  |  |
| 926074 | &nbsp;&nbsp;&nbsp;Series 2005-22-4A1 | 5.22 %<sup>(b)</sup> | 12/25/2035 | 858845 |
| 7223418 | &nbsp;&nbsp;&nbsp;Series 2006-1-8A1 | 4.76 %<sup>(b)</sup> | 02/25/2036 | 3851067 |
| 1844172 | &nbsp;&nbsp;&nbsp;Series 2006-12-2A1 | 4.41 %<sup>(b)</sup> | 01/25/2037 | 1323065 |
| 766367 | &nbsp;&nbsp;&nbsp;Series 2006-8-4A4 | 4.76 %<sup>(b)</sup> | 09/25/2036 | 686155 |
| 5252047 | &nbsp;&nbsp;&nbsp;Series 2007-7-1A1 (1 mo. Term SOFR + 0.71%, 0.60% Floor) | 4.45% | 08/25/2037 | 5312419 |
|  | Structured Asset Investment Loan Trust |  |  |  |
| 61043289 | &nbsp;&nbsp;&nbsp;Series 2006-3-A1 (1 mo. Term SOFR + 0.43%, 0.32% Floor) | 4.17% | 06/25/2036 | 38606218 |
| 7228510 | &nbsp;&nbsp;&nbsp;Series 2006-4-A1 (1 mo. Term SOFR + 0.46%, 0.35% Floor) | 4.19% | 07/25/2036 | 4223739 |
| 20800000 | &nbsp;&nbsp;&nbsp;Series 2006-4-A5 (1 mo. Term SOFR + 0.73%, 0.62% Floor) | 4.47% | 07/25/2036 | 7777218 |
|  | Structured Asset Mortgage Investments, Inc. |  |  |  |
| 7124336 | &nbsp;&nbsp;&nbsp;Series 2006-AR3-12A2 (1 mo. Term SOFR + 0.51%, 0.40% Floor, 10.50% Cap) | 4.25% | 05/25/2036 | 5983584 |
|  | Structured Asset Securities Corp. |  |  |  |
| 247837 | &nbsp;&nbsp;&nbsp;Series 2003-24A-1A3 | 6.50 %<sup>(b)</sup> | 07/25/2033 | 248317 |
| 8286652 | &nbsp;&nbsp;&nbsp;Series 2005-5-3A1 | 6.00% | 04/25/2035 | 3685588 |
| 57037112 | &nbsp;&nbsp;&nbsp;Series 2006-BC4-A1 (1 mo. Term SOFR + 0.43%, 0.32% Floor) | 4.17% | 12/25/2036 | 32134749 |
| 6293422 | &nbsp;&nbsp;&nbsp;Series 2006-BC4-A4 (1 mo. Term SOFR + 0.45%, 0.34% Floor) | 4.19% | 12/25/2036 | 6162432 |
| 36294305 | &nbsp;&nbsp;&nbsp;Series 2007-4-1A3 (-1 x 1 mo. Term SOFR + 6.14%, 0.00% Floor, 6.25% Cap) | 2.40 %<sup>(a)(f)(g)</sup> | 03/28/2045 | 2258197 |
| 20127500 | &nbsp;&nbsp;&nbsp;Series 2007-BC4-M1 (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 3.34% | 11/25/2037 | 16686589 |
| 11566380 | &nbsp;&nbsp;&nbsp;Series 2007-MN1A-A4 (1 mo. Term SOFR + 0.59%, 0.48% Floor) | 4.33 %<sup>(a)</sup> | 01/25/2037 | 7350551 |
| 12584430 | &nbsp;&nbsp;&nbsp;Series 2007-RF1-1A (1 mo. Term SOFR + 0.30%, 0.19% Floor) | 4.04 %<sup>(a)</sup> | 03/25/2037 | 10450427 |
|  | Suntrust Adjustable Rate Mortgage Loan Trust |  |  |  |
| 3354262 | &nbsp;&nbsp;&nbsp;Series 2007-2-1A1 | 6.41 %<sup>(b)</sup> | 04/25/2037 | 1224498 |
| 993610 | &nbsp;&nbsp;&nbsp;Series 2007-3-1A1 | 6.57 %<sup>(b)</sup> | 06/25/2037 | 454861 |
|  | Suntrust Alternative Loan Trust |  |  |  |
| 148816 | &nbsp;&nbsp;&nbsp;Series 2005-1F-2A3 | 5.75% | 12/25/2035 | 138081 |
| 454056 | &nbsp;&nbsp;&nbsp;Series 2006-1F-1A3 | 6.00% | 04/25/2036 | 151165 |
|  | Terwin Mortgage Trust |  |  |  |
| 10084442 | &nbsp;&nbsp;&nbsp;Series 2006-7-2A3 (1 mo. Term SOFR + 0.65%, 0.54% Floor) | 4.39 %<sup>(a)</sup> | 08/25/2037 | 4403629 |
|  | Thornburg Mortgage Securities Trust |  |  |  |
| 70497 | &nbsp;&nbsp;&nbsp;Series 2003-6-A2 (1 mo. Term SOFR + 1.11%, 1.00% Floor, 11.50% Cap) | 4.85% | 12/25/2033 | 68970 |
| 1967486 | &nbsp;&nbsp;&nbsp;Series 2004-4-5A | 2.52 %<sup>(b)</sup> | 12/25/2044 | 1736840 |
| 4049032 | &nbsp;&nbsp;&nbsp;Series 2007-1-A1 (12 mo. Term SOFR + 2.02%, 0.11% Floor, 10.75% Cap) | 5.46% | 03/25/2037 | 3421192 |
| 1046576 | &nbsp;&nbsp;&nbsp;Series 2007-1-A2A (12 mo. Term SOFR + 2.02%, 0.11% Floor, 10.75% Cap) | 5.46% | 03/25/2037 | 762597 |
|  | Tricon American Homes Trust |  |  |  |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2019-SFR1-E | 3.40 %<sup>(a)</sup> | 03/17/2038 | 4975605 |
| 8900000 | &nbsp;&nbsp;&nbsp;Series 2020-SFR1-D | 2.55 %<sup>(a)</sup> | 07/17/2038 | 8777861 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 1600000 | &nbsp;&nbsp;&nbsp;Series 2020-SFR1-E | 3.54 %<sup>(a)</sup> | 07/17/2038 | 1585467 |
|  | Tricon Residential Trust |  |  |  |
| 16000000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR1-B | 2.24 %<sup>(a)</sup> | 07/17/2038 | 15804779 |
| 13250000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR1-C | 2.34 %<sup>(a)</sup> | 07/17/2038 | 13079288 |
| 5250000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR1-D | 2.59 %<sup>(a)</sup> | 07/17/2038 | 5185051 |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR1-E2 | 2.89 %<sup>(a)</sup> | 07/17/2038 | 9878241 |
| 11300000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR1-F | 3.69 %<sup>(a)</sup> | 07/17/2038 | 11185338 |
| 77662006 | &nbsp;&nbsp;&nbsp;Series 2025-SFR2-A | 5.20 %<sup>(a)</sup> | 08/17/2044 | 78449902 |
| 14519423 | &nbsp;&nbsp;&nbsp;Series 2025-SFR2-B | 5.42 %<sup>(a)</sup> | 08/17/2044 | 14730200 |
| 21488786 | &nbsp;&nbsp;&nbsp;Series 2025-SFR2-C | 5.67 %<sup>(a)</sup> | 08/17/2044 | 21689601 |
| 15491915 | &nbsp;&nbsp;&nbsp;Series 2025-SFR2-D | 6.07 %<sup>(a)</sup> | 08/17/2044 | 15725284 |
|  | VCAT Asset Securitization LLC |  |  |  |
| 54102679 | &nbsp;&nbsp;&nbsp;Series 2025-NPL1-A1 | 5.88 %<sup>(a)(d)</sup> | 01/25/2055 | 54334389 |
| 29898675 | &nbsp;&nbsp;&nbsp;Series 2025-NPL2-A1 | 5.98 %<sup>(a)(d)</sup> | 01/25/2055 | 30009736 |
|  | Velocity Commercial Capital Loan Trust |  |  |  |
| 496052 | &nbsp;&nbsp;&nbsp;Series 2017-2-AFX | 3.07 %<sup>(a)(b)</sup> | 11/25/2047 | 493198 |
| 4663342 | &nbsp;&nbsp;&nbsp;Series 2018-2-A | 4.05 %<sup>(a)(b)</sup> | 10/26/2048 | 4586506 |
| 14325980 | &nbsp;&nbsp;&nbsp;Series 2019-1-A | 3.76 %<sup>(a)(b)</sup> | 03/25/2049 | 13862478 |
| 1920012 | &nbsp;&nbsp;&nbsp;Series 2019-1-M4 | 4.61 %<sup>(a)(b)</sup> | 03/25/2049 | 1762417 |
| 4570783 | &nbsp;&nbsp;&nbsp;Series 2019-2-A | 3.13 %<sup>(a)(b)</sup> | 07/25/2049 | 4437670 |
| 1906740 | &nbsp;&nbsp;&nbsp;Series 2019-2-M1 | 3.26 %<sup>(a)(b)</sup> | 07/25/2049 | 1768596 |
| 1469893 | &nbsp;&nbsp;&nbsp;Series 2020-1-M4 | 3.54 %<sup>(a)(b)</sup> | 02/25/2050 | 1160888 |
| 3172752 | &nbsp;&nbsp;&nbsp;Series 2021-3-A | 1.96 %<sup>(a)(b)</sup> | 10/25/2051 | 2696455 |
| 4169801 | &nbsp;&nbsp;&nbsp;Series 2024-3-A | 6.65 %<sup>(a)(b)</sup> | 06/25/2054 | 4285024 |
| 41532968 | &nbsp;&nbsp;&nbsp;Series 2024-6-A | 5.81 %<sup>(a)(b)</sup> | 12/25/2054 | 41889665 |
| 23666625 | &nbsp;&nbsp;&nbsp;Series 2025-1-A | 6.03 %<sup>(a)(b)</sup> | 02/25/2055 | 23972511 |
| 53500000 | &nbsp;&nbsp;&nbsp;Series 2025-5-A | 5.32 %<sup>(a)(b)</sup> | 12/25/2055 | 53720292 |
|  | Vericrest Opportunity Loan Transferee |  |  |  |
| 658703 | &nbsp;&nbsp;&nbsp;Series 2021-NPL9-A1 | 5.99 %<sup>(a)(d)</sup> | 05/25/2051 | 659118 |
|  | Verus Securitization Trust |  |  |  |
| 6100000 | &nbsp;&nbsp;&nbsp;Series 2021-3-M1 | 2.40 %<sup>(a)(b)</sup> | 06/25/2066 | 4659302 |
| 4588000 | &nbsp;&nbsp;&nbsp;Series 2021-4-B1 | 3.05 %<sup>(a)(b)</sup> | 07/25/2066 | 3255663 |
| 2300000 | &nbsp;&nbsp;&nbsp;Series 2021-4-B2 | 3.81 %<sup>(a)(b)</sup> | 07/25/2066 | 1670273 |
| 2500000 | &nbsp;&nbsp;&nbsp;Series 2021-4-M1 | 2.20 %<sup>(a)(b)</sup> | 07/25/2066 | 1761852 |
| 6651000 | &nbsp;&nbsp;&nbsp;Series 2021-5-B1 | 3.04 %<sup>(a)(b)</sup> | 09/25/2066 | 4899430 |
| 9255000 | &nbsp;&nbsp;&nbsp;Series 2021-5-M1 | 2.33 %<sup>(a)(b)</sup> | 09/25/2066 | 6965365 |
| 4305000 | &nbsp;&nbsp;&nbsp;Series 2023-INV3-B1 | 8.17 %<sup>(a)(b)</sup> | 11/25/2068 | 4364830 |
| 8415000 | &nbsp;&nbsp;&nbsp;Series 2024-8-M1 | 5.99 %<sup>(a)(b)</sup> | 10/25/2069 | 8483862 |
| 1055000 | &nbsp;&nbsp;&nbsp;Series 2024-R1-M1 | 5.90 %<sup>(a)(b)</sup> | 09/25/2069 | 1057428 |
| 2357843 | &nbsp;&nbsp;&nbsp;Series 2025-10-A3 | 5.37 %<sup>(a)(d)</sup> | 06/25/2070 | 2367250 |
| 2898000 | &nbsp;&nbsp;&nbsp;Series 2025-12-M1 | 5.76 %<sup>(a)(b)</sup> | 12/25/2070 | 2938378 |
| 5050000 | &nbsp;&nbsp;&nbsp;Series 2025-6-M1 | 5.97 %<sup>(a)(b)</sup> | 07/25/2070 | 5083523 |
| 1290000 | &nbsp;&nbsp;&nbsp;Series 2025-7-M1 | 5.82 %<sup>(a)(b)</sup> | 08/25/2070 | 1299073 |
| 4127000 | &nbsp;&nbsp;&nbsp;Series 2025-8-M1 | 5.73 %<sup>(a)</sup> | 09/25/2070 | 4175638 |
| 8400000 | &nbsp;&nbsp;&nbsp;Series 2025-9-M1 | 5.69 %<sup>(a)(b)</sup> | 10/27/2070 | 8437410 |
| 15500000 | &nbsp;&nbsp;&nbsp;Series 2025-R2-A3 | 5.34 %<sup>(a)(d)</sup> | 07/25/2067 | 15558621 |
|  | Voyager OPTONE Delaware Trust |  |  |  |
| 5483143 | &nbsp;&nbsp;&nbsp;Series 2009-1-SAC3 | 5.74 %<sup>(a)(b)</sup> | 02/25/2038 | 4243307 |
|  | WAMU Asset-Backed Certificates |  |  |  |
| 7026037 | &nbsp;&nbsp;&nbsp;Series 2007-HE1-2A2 (1 mo. Term SOFR + 0.33%, 0.33% Floor) | 4.07% | 01/25/2037 | 3208740 |
| 12211583 | &nbsp;&nbsp;&nbsp;Series 2007-HE4-1A (1 mo. Term SOFR + 0.28%, 0.28% Floor) | 4.02% | 07/25/2047 | 9288928 |
|  | WaMu Mortgage Pass Through Certificates |  |  |  |
| 4430136 | &nbsp;&nbsp;&nbsp;Series 2005-AR19-B1 (1 mo. Term SOFR + 1.16%, 1.05% Floor, 10.50% Cap) | 4.90% | 12/25/2045 | 3958335 |
| 4594763 | &nbsp;&nbsp;&nbsp;Series 2006-AR10-1A1 | 4.47 %<sup>(b)</sup> | 09/25/2036 | 4027436 |
| 4522884 | &nbsp;&nbsp;&nbsp;Series 2006-AR15-1A (12 Month US Treasury Average + 0.84%, 0.84% Floor) | 4.87% | 11/25/2046 | 3940484 |
| 2878242 | &nbsp;&nbsp;&nbsp;Series 2006-AR5-A12B (12 Month US Treasury Average + 0.98%, 0.98% Floor) | 5.01% | 06/25/2046 | 2686288 |
| 399652 | &nbsp;&nbsp;&nbsp;Series 2006-AR6-2A3 | 4.43 %<sup>(b)</sup> | 08/25/2036 | 360867 |
| 3633530 | &nbsp;&nbsp;&nbsp;Series 2007-HY3-4A1 | 4.95 %<sup>(b)</sup> | 03/25/2037 | 3357185 |
| 6331327 | &nbsp;&nbsp;&nbsp;Series 2007-HY5-1A1 | 4.14 %<sup>(b)</sup> | 05/25/2037 | 5658724 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Washington Mutual Alternative Mortgage Pass-Through Certificates |  |  |  |
| 3173372 | &nbsp;&nbsp;&nbsp;Series 2005-1-2A | 6.00% | 03/25/2035 | 2794563 |
| 756697 | &nbsp;&nbsp;&nbsp;Series 2005-4-5A1 | 5.50% | 06/25/2035 | 663267 |
| 302584 | &nbsp;&nbsp;&nbsp;Series 2005-5-CB12 (-11 x 1 mo. Term SOFR + 49.34%, 0.00% Floor, 50.60% Cap) | 8.29 %<sup>(g)</sup> | 07/25/2035 | 313680 |
| 979842 | &nbsp;&nbsp;&nbsp;Series 2005-5-CB6 (1 mo. Term SOFR + 0.71%, 0.60% Floor, 7.50% Cap) | 4.45% | 07/25/2035 | 867024 |
| 250294 | &nbsp;&nbsp;&nbsp;Series 2005-6-2A7 | 5.50% | 08/25/2035 | 224003 |
| 2733291 | &nbsp;&nbsp;&nbsp;Series 2005-7-2CB6 (1 mo. Term SOFR + 1.56%, 1.45% Floor, 6.00% Cap) | 5.30% | 08/25/2035 | 2649027 |
| 248481 | &nbsp;&nbsp;&nbsp;Series 2005-7-2CB7 (-11 x 1 mo. Term SOFR + 48.79%, 0.00% Floor, 50.05% Cap) | 7.74 %<sup>(g)</sup> | 08/25/2035 | 261756 |
| 1947016 | &nbsp;&nbsp;&nbsp;Series 2005-7-3CB | 6.50% | 08/25/2035 | 1682476 |
| 4096219 | &nbsp;&nbsp;&nbsp;Series 2005-8-1A2 | 5.50% | 10/25/2035 | 3559057 |
| 4384837 | &nbsp;&nbsp;&nbsp;Series 2005-9-2A2 | 5.50% | 11/25/2035 | 4103310 |
| 914985 | &nbsp;&nbsp;&nbsp;Series 2005-9-CX | 5.50 %<sup>(f)</sup> | 11/25/2035 | 152454 |
| 3766827 | &nbsp;&nbsp;&nbsp;Series 2006-1-2CB1 | 7.00% | 02/25/2036 | 2869566 |
| 1241571 | &nbsp;&nbsp;&nbsp;Series 2006-1-3A1 | 5.75% | 02/25/2036 | 1181897 |
| 626062 | &nbsp;&nbsp;&nbsp;Series 2006-1-3A2 | 5.75% | 02/25/2036 | 593702 |
| 532499 | &nbsp;&nbsp;&nbsp;Series 2006-1-3A7 | 5.75% | 02/25/2036 | 505298 |
| 1737573 | &nbsp;&nbsp;&nbsp;Series 2006-3-3CB4 | 6.00% | 04/25/2036 | 1535930 |
| 965696 | &nbsp;&nbsp;&nbsp;Series 2006-5-1A8 | 5.75% | 07/25/2036 | 762255 |
| 2167228 | &nbsp;&nbsp;&nbsp;Series 2006-5-2CB1 | 6.00% | 07/25/2036 | 1556991 |
| 3936599 | &nbsp;&nbsp;&nbsp;Series 2006-5-2CB6 | 6.00% | 07/25/2036 | 2828151 |
| 12494203 | &nbsp;&nbsp;&nbsp;Series 2006-5-3A3 | 6.72 %<sup>(d)</sup> | 07/25/2036 | 2612673 |
| 5206639 | &nbsp;&nbsp;&nbsp;Series 2006-5-3A5 (1 mo. Term SOFR) | 6.95 %<sup>(d)</sup> | 07/25/2036 | 1087776 |
| 7154326 | &nbsp;&nbsp;&nbsp;Series 2006-8-A4 | 4.10 %<sup>(d)</sup> | 10/25/2036 | 2338054 |
| 2736580 | &nbsp;&nbsp;&nbsp;Series 2006-9-A7 | 4.17 %<sup>(d)</sup> | 10/25/2036 | 829258 |
| 3388831 | &nbsp;&nbsp;&nbsp;Series 2006-AR10-A1 (1 mo. Term SOFR + 0.31%, 0.20% Floor) | 4.05% | 12/25/2036 | 1711378 |
| 4618270 | &nbsp;&nbsp;&nbsp;Series 2006-AR4-2A (12 Month US Treasury Average + 0.95%, 0.95% Floor) | 4.98% | 06/25/2046 | 3547935 |
| 4335004 | &nbsp;&nbsp;&nbsp;Series 2006-AR5-4A (12 Month US Treasury Average + 0.99%, 0.99% Floor) | 5.02% | 06/25/2046 | 3629640 |
| 6120861 | &nbsp;&nbsp;&nbsp;Series 2007-2-1A6 | 6.00% | 04/25/2037 | 5097295 |
| 2422027 | &nbsp;&nbsp;&nbsp;Series 2007-3-A3 | 6.00% | 04/25/2037 | 2138224 |
| 2023684 | &nbsp;&nbsp;&nbsp;Series 2007-4-1A1 | 5.50% | 06/25/2037 | 1980558 |
| 134700 | &nbsp;&nbsp;&nbsp;Series 2007-5-A11 (-6 x 1 mo. Term SOFR + 38.79%, 0.00% Floor, 39.48% Cap) | 16.40 %<sup>(g)</sup> | 06/25/2037 | 171306 |
| 3367495 | &nbsp;&nbsp;&nbsp;Series 2007-5-A6 | 6.00% | 06/25/2037 | 3125429 |
| 4795329 | &nbsp;&nbsp;&nbsp;Series 2007-OC1-A2 (1 mo. Term SOFR + 0.35%, 0.24% Floor) | 4.09% | 01/25/2047 | 4368851 |
|  | Washington Mutual Asset-Backed Certificates |  |  |  |
| 1009653 | &nbsp;&nbsp;&nbsp;Series 2006-HE2-A4 (1 mo. Term SOFR + 0.59%, 0.48% Floor) | 4.33% | 05/25/2036 | 801587 |
| 18677623 | &nbsp;&nbsp;&nbsp;Series 2007-HE2-2A2 (1 mo. Term SOFR + 0.55%, 0.44% Floor) | 4.29% | 02/25/2037 | 5927472 |
|  | Wells Fargo Alternative Loan Trust |  |  |  |
| 388179 | &nbsp;&nbsp;&nbsp;Series 2007-PA1-A10 | 6.00% | 03/25/2037 | 360235 |
| 1704406 | &nbsp;&nbsp;&nbsp;Series 2007-PA1-A3 | 6.00% | 03/25/2037 | 1581713 |
| 1469571 | &nbsp;&nbsp;&nbsp;Series 2007-PA1-A5 | 6.00% | 03/25/2037 | 1363783 |
| 2408553 | &nbsp;&nbsp;&nbsp;Series 2007-PA1-A6 | 6.00% | 03/25/2037 | 2235172 |
| 9619696 | &nbsp;&nbsp;&nbsp;Series 2007-PA2-1A1 | 6.00% | 06/25/2037 | 8854935 |
| 1378460 | &nbsp;&nbsp;&nbsp;Series 2007-PA2-3A1 (1 mo. Term SOFR + 0.46%, 0.35% Floor, 7.00% Cap) | 4.20% | 06/25/2037 | 1007211 |
| 2030685 | &nbsp;&nbsp;&nbsp;Series 2007-PA2-3A2 (-1 x 1 mo. Term SOFR + 6.54%, 0.00% Floor, 6.65% Cap) | 2.80 %<sup>(f)(g)</sup> | 06/25/2037 | 276513 |
| 3288809 | &nbsp;&nbsp;&nbsp;Series 2007-PA3-2A1 | 6.00% | 07/25/2037 | 3002028 |
| 1306665 | &nbsp;&nbsp;&nbsp;Series 2007-PA3-2A4 | 6.00% | 07/25/2037 | 1192725 |
| 2342557 | &nbsp;&nbsp;&nbsp;Series 2007-PA3-3A1 | 6.25% | 07/25/2037 | 2054021 |
| 18036086 | &nbsp;&nbsp;&nbsp;Series 2007-PA5-1A1 | 6.25% | 11/25/2037 | 15559684 |
| 3299171 | &nbsp;&nbsp;&nbsp;Series 2007-PA6-A1 | 5.90 %<sup>(b)</sup> | 12/28/2037 | 3035037 |
|  | Wells Fargo Mortgage Backed Securities Trust |  |  |  |
| 973611 | &nbsp;&nbsp;&nbsp;Series 2006-AR12-1A1 | 6.77 %<sup>(b)</sup> | 09/25/2036 | 888966 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 457647 | &nbsp;&nbsp;&nbsp;Series 2006-AR13-A2 | 6.47 %<sup>(b)</sup> | 09/25/2036 | 448446 |
| 510906 | &nbsp;&nbsp;&nbsp;Series 2006-AR4-2A1 | 6.06 %<sup>(b)</sup> | 04/25/2036 | 506250 |
| 826154 | &nbsp;&nbsp;&nbsp;Series 2007-7-A1 | 6.00% | 06/25/2037 | 773944 |
| 57457 | &nbsp;&nbsp;&nbsp;Series 2007-7-A32 | 5.75% | 06/25/2037 | 53292 |
| 1860439 | &nbsp;&nbsp;&nbsp;Series 2007-7-A34 | 6.00% | 06/25/2037 | 1742865 |
| 503897 | &nbsp;&nbsp;&nbsp;Series 2007-7-A36 | 6.00% | 06/25/2037 | 472035 |
| 171368 | &nbsp;&nbsp;&nbsp;Series 2007-7-A43 (1 mo. Term SOFR + 0.61%, 0.50% Floor, 7.00% Cap) | 4.35% | 06/25/2037 | 152024 |
| 468172 | &nbsp;&nbsp;&nbsp;Series 2007-7-A49 | 6.00% | 06/25/2037 | 438585 |
| 198199 | &nbsp;&nbsp;&nbsp;Series 2007-7-A8 (1 mo. Term SOFR + 0.61%, 0.50% Floor, 7.00% Cap) | 4.35% | 06/25/2037 | 175827 |
| 89411 | &nbsp;&nbsp;&nbsp;Series 2007-7-A9 (-6 x 1 mo. Term SOFR + 38.31%, 0.00% Floor, 39.00% Cap) | 15.92 %<sup>(g)</sup> | 06/25/2037 | 103770 |
| 7839312 | &nbsp;&nbsp;&nbsp;Series 2007-AR9-A1 | 5.88 %<sup>(b)</sup> | 12/28/2037 | 7127965 |
|  | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $9,180,154,900)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $9,180,154,900)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $9,180,154,900)** | **7415764283** |
| **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 47.8%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 47.8%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 47.8%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 47.8%** |  |
|  | Fannie Mae Whole Loan |  |  |  |
| 3777366 | &nbsp;&nbsp;&nbsp;Series 2003-W17-1A7 | 5.75% | 08/25/2033 | 3846771 |
| 1067905 | &nbsp;&nbsp;&nbsp;Series 2004-W10-A6 | 5.75% | 08/25/2034 | 1103623 |
|  | Federal Home Loan Mortgage Corp. |  |  |  |
| 1547999 | &nbsp;&nbsp;&nbsp;Pool C03490 | 4.50% | 08/01/2040 | 1561673 |
| 8247812 | &nbsp;&nbsp;&nbsp;Pool C91388 | 3.50% | 02/01/2032 | 8142796 |
| 4298949 | &nbsp;&nbsp;&nbsp;Pool C91403 | 3.50% | 03/01/2032 | 4243356 |
| 4289537 | &nbsp;&nbsp;&nbsp;Pool C91413 | 3.50% | 12/01/2031 | 4236595 |
| 2239605 | &nbsp;&nbsp;&nbsp;Pool C91417 | 3.50% | 01/01/2032 | 2211084 |
| 9080918 | &nbsp;&nbsp;&nbsp;Pool C91447 | 3.50% | 05/01/2032 | 8958060 |
| 3657148 | &nbsp;&nbsp;&nbsp;Pool C91596 | 3.00% | 02/01/2033 | 3560946 |
| 1569282 | &nbsp;&nbsp;&nbsp;Pool D98901 | 3.50% | 01/01/2032 | 1549014 |
| 3474275 | &nbsp;&nbsp;&nbsp;Pool D98923 | 3.50% | 01/01/2032 | 3430095 |
| 4618190 | &nbsp;&nbsp;&nbsp;Pool D99724 | 3.00% | 11/01/2032 | 4497607 |
| 4401065 | &nbsp;&nbsp;&nbsp;Pool G01840 | 5.00% | 07/01/2035 | 4479604 |
| 1016037 | &nbsp;&nbsp;&nbsp;Pool G04817 | 5.00% | 09/01/2038 | 1046572 |
| 4197019 | &nbsp;&nbsp;&nbsp;Pool G07801 | 4.00% | 10/01/2044 | 4083202 |
| 9058376 | &nbsp;&nbsp;&nbsp;Pool G07862 | 4.00% | 01/01/2044 | 8857552 |
| 10116856 | &nbsp;&nbsp;&nbsp;Pool G07905 | 4.00% | 01/01/2042 | 9913559 |
| 20256731 | &nbsp;&nbsp;&nbsp;Pool G08534 | 3.00% | 06/01/2043 | 18752124 |
| 6471018 | &nbsp;&nbsp;&nbsp;Pool G08537 | 3.00% | 07/01/2043 | 5989696 |
| 11835598 | &nbsp;&nbsp;&nbsp;Pool G08614 | 3.00% | 11/01/2044 | 10898783 |
| 14159076 | &nbsp;&nbsp;&nbsp;Pool G08619 | 3.00% | 12/01/2044 | 13029563 |
| 18116201 | &nbsp;&nbsp;&nbsp;Pool G08622 | 3.00% | 01/01/2045 | 16604520 |
| 14911225 | &nbsp;&nbsp;&nbsp;Pool G08653 | 3.00% | 07/01/2045 | 13656877 |
| 8627967 | &nbsp;&nbsp;&nbsp;Pool G08658 | 3.00% | 08/01/2045 | 7890151 |
| 9818488 | &nbsp;&nbsp;&nbsp;Pool G08670 | 3.00% | 10/01/2045 | 8970688 |
| 115616423 | &nbsp;&nbsp;&nbsp;Pool G08675 | 3.00% | 11/01/2045 | 105675273 |
| 48059766 | &nbsp;&nbsp;&nbsp;Pool G08680 | 3.00% | 12/01/2045 | 43875146 |
| 20013350 | &nbsp;&nbsp;&nbsp;Pool G08686 | 3.00% | 01/01/2046 | 18278382 |
| 44627922 | &nbsp;&nbsp;&nbsp;Pool G08692 | 3.00% | 02/01/2046 | 40742844 |
| 14214174 | &nbsp;&nbsp;&nbsp;Pool G08705 | 3.00% | 05/01/2046 | 12951034 |
| 16435821 | &nbsp;&nbsp;&nbsp;Pool G08715 | 3.00% | 08/01/2046 | 14957381 |
| 849963 | &nbsp;&nbsp;&nbsp;Pool G08800 | 3.50% | 02/01/2048 | 798081 |
| 6274864 | &nbsp;&nbsp;&nbsp;Pool G16072 | 3.00% | 02/01/2032 | 6145931 |
| 19793333 | &nbsp;&nbsp;&nbsp;Pool G60251 | 3.50% | 10/01/2045 | 18826462 |
| 49435358 | &nbsp;&nbsp;&nbsp;Pool G60393 | 3.50% | 01/01/2046 | 47005571 |
| 3096380 | &nbsp;&nbsp;&nbsp;Pool J22834 | 2.50% | 03/01/2028 | 3057389 |
| 17727120 | &nbsp;&nbsp;&nbsp;Pool Q13637 | 3.00% | 11/01/2042 | 16425157 |
| 17783335 | &nbsp;&nbsp;&nbsp;Pool Q13638 | 3.00% | 11/01/2042 | 16475332 |
| 29661501 | &nbsp;&nbsp;&nbsp;Pool Q16672 | 3.00% | 03/01/2043 | 27470778 |
| 1987800 | &nbsp;&nbsp;&nbsp;Pool Q23595 | 4.00% | 12/01/2043 | 1946605 |
| 2017288 | &nbsp;&nbsp;&nbsp;Pool Q24052 | 4.00% | 01/01/2044 | 1966109 |
| 1636542 | &nbsp;&nbsp;&nbsp;Pool Q24172 | 4.00% | 01/01/2044 | 1601780 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 2040991 | &nbsp;&nbsp;&nbsp;Pool Q24979 | 4.00% | 02/01/2044 | 1986903 |
| 7912099 | &nbsp;&nbsp;&nbsp;Pool Q31596 | 3.50% | 02/01/2045 | 7529705 |
| 3522070 | &nbsp;&nbsp;&nbsp;Pool Q32861 | 3.50% | 04/01/2045 | 3350387 |
| 8642190 | &nbsp;&nbsp;&nbsp;Pool Q32921 | 3.50% | 04/01/2045 | 8218223 |
| 9123507 | &nbsp;&nbsp;&nbsp;Pool Q39502 | 3.50% | 03/01/2046 | 8668470 |
| 19652449 | &nbsp;&nbsp;&nbsp;Pool Q44073 | 3.00% | 09/01/2046 | 17862212 |
| 8717279 | &nbsp;&nbsp;&nbsp;Pool QE2022 | 3.00% | 05/01/2052 | 7795457 |
| 14146557 | &nbsp;&nbsp;&nbsp;Pool QU7965 | 2.00% | 09/01/2051 | 11212671 |
| 12731129 | &nbsp;&nbsp;&nbsp;Pool QU7970 | 2.00% | 09/01/2051 | 10090698 |
| 13477423 | &nbsp;&nbsp;&nbsp;Pool RA2853 | 2.50% | 06/01/2050 | 11523159 |
| 17923621 | &nbsp;&nbsp;&nbsp;Pool RA4218 | 2.50% | 12/01/2050 | 15417556 |
| 13793287 | &nbsp;&nbsp;&nbsp;Pool RA4968 | 2.50% | 04/01/2046 | 11994078 |
| 50101553 | &nbsp;&nbsp;&nbsp;Pool RA5267 | 3.00% | 05/01/2051 | 44724860 |
| 7286889 | &nbsp;&nbsp;&nbsp;Pool RA7554 | 4.00% | 06/01/2052 | 6958826 |
| 77922447 | &nbsp;&nbsp;&nbsp;Pool RA7939 | 5.00% | 09/01/2052 | 78173368 |
| 62598333 | &nbsp;&nbsp;&nbsp;Pool RB5089 | 1.50% | 12/01/2040 | 53649007 |
| 6591370 | &nbsp;&nbsp;&nbsp;Pool RB5106 | 2.50% | 03/01/2041 | 5918899 |
| 72277126 | &nbsp;&nbsp;&nbsp;Pool RB5110 | 1.50% | 05/01/2041 | 61637071 |
| 14698517 | &nbsp;&nbsp;&nbsp;Pool RJ1071 | 6.00% | 03/01/2054 | 15334296 |
| 23543669 | &nbsp;&nbsp;&nbsp;Pool RJ3964 | 5.50% | 04/01/2055 | 24271534 |
| 55995749 | &nbsp;&nbsp;&nbsp;Pool RJ4147 | 5.50% | 05/01/2055 | 57322807 |
| 26812682 | &nbsp;&nbsp;&nbsp;Pool SD0699 | 2.00% | 11/01/2050 | 22411115 |
| 38203213 | &nbsp;&nbsp;&nbsp;Pool SD0715 | 2.00% | 09/01/2051 | 31729349 |
| 55322890 | &nbsp;&nbsp;&nbsp;Pool SD2120 | 3.00% | 10/01/2051 | 49637226 |
| 31362658 | &nbsp;&nbsp;&nbsp;Pool SD2386 | 3.50% | 06/01/2052 | 29201575 |
| 51103673 | &nbsp;&nbsp;&nbsp;Pool SD2692 | 4.50% | 04/01/2053 | 50251366 |
| 24345056 | &nbsp;&nbsp;&nbsp;Pool SD2839 | 3.00% | 08/01/2052 | 21803654 |
| 14648212 | &nbsp;&nbsp;&nbsp;Pool SD2971 | 2.50% | 03/01/2052 | 12652610 |
| 26426637 | &nbsp;&nbsp;&nbsp;Pool SD3011 | 3.00% | 05/01/2052 | 23659959 |
| 11642361 | &nbsp;&nbsp;&nbsp;Pool SD3033 | 5.50% | 05/01/2053 | 12104038 |
| 57722739 | &nbsp;&nbsp;&nbsp;Pool SD3093 | 2.50% | 03/01/2052 | 49712418 |
| 45626103 | &nbsp;&nbsp;&nbsp;Pool SD3454 | 5.50% | 08/01/2053 | 46765658 |
| 20775492 | &nbsp;&nbsp;&nbsp;Pool SD3912 | 5.50% | 09/01/2053 | 21336937 |
| 34055483 | &nbsp;&nbsp;&nbsp;Pool SD4701 | 6.00% | 02/01/2054 | 35425101 |
| 38276082 | &nbsp;&nbsp;&nbsp;Pool SD4887 | 6.00% | 02/01/2054 | 39911945 |
| 21376588 | &nbsp;&nbsp;&nbsp;Pool SD4888 | 6.00% | 02/01/2054 | 22274946 |
| 43869777 | &nbsp;&nbsp;&nbsp;Pool SD4965 | 5.50% | 02/01/2054 | 45165839 |
| 13050981 | &nbsp;&nbsp;&nbsp;Pool SD5141 | 6.00% | 04/01/2054 | 13511018 |
| 14405708 | &nbsp;&nbsp;&nbsp;Pool SD5366 | 6.00% | 04/01/2054 | 15013367 |
| 29398545 | &nbsp;&nbsp;&nbsp;Pool SD5603 | 5.50% | 06/01/2054 | 30301814 |
| 9719642 | &nbsp;&nbsp;&nbsp;Pool SD5617 | 6.00% | 06/01/2054 | 10156891 |
| 46346541 | &nbsp;&nbsp;&nbsp;Pool SD5814 | 6.00% | 07/01/2054 | 48367035 |
| 27169550 | &nbsp;&nbsp;&nbsp;Pool SD5964 | 5.50% | 11/01/2053 | 27928311 |
| 20680224 | &nbsp;&nbsp;&nbsp;Pool SD5968 | 6.00% | 07/01/2054 | 21564573 |
| 24039147 | &nbsp;&nbsp;&nbsp;Pool SD7162 | 5.50% | 12/01/2054 | 24673795 |
| 163446291 | &nbsp;&nbsp;&nbsp;Pool SD7534 | 2.50% | 02/01/2051 | 141788482 |
| 13627817 | &nbsp;&nbsp;&nbsp;Pool SD7535 | 2.50% | 02/01/2051 | 11810520 |
| 19817471 | &nbsp;&nbsp;&nbsp;Pool SD7564 | 5.00% | 06/01/2053 | 20038442 |
| 18006033 | &nbsp;&nbsp;&nbsp;Pool SD7565 | 5.50% | 09/01/2053 | 18531528 |
| 51540869 | &nbsp;&nbsp;&nbsp;Pool SD7568 | 5.50% | 02/01/2054 | 53156228 |
| 76899513 | &nbsp;&nbsp;&nbsp;Pool SD7569 | 6.00% | 04/01/2054 | 80444137 |
| 70876394 | &nbsp;&nbsp;&nbsp;Pool SD8152 | 3.00% | 06/01/2051 | 63086567 |
| 2632408 | &nbsp;&nbsp;&nbsp;Pool SD8168 | 3.00% | 09/01/2051 | 2340083 |
| 7176788 | &nbsp;&nbsp;&nbsp;Pool SD8169 | 3.50% | 09/01/2051 | 6663429 |
| 24444376 | &nbsp;&nbsp;&nbsp;Pool SD8329 | 5.00% | 06/01/2053 | 24481509 |
| 36389782 | &nbsp;&nbsp;&nbsp;Pool SE9043 | 2.00% | 09/01/2051 | 28842581 |
| 34388083 | &nbsp;&nbsp;&nbsp;Pool SL1124 | 6.00% | 04/01/2055 | 35633266 |
| 72605785 | &nbsp;&nbsp;&nbsp;Pool SL1142 | 5.50% | 04/01/2055 | 74836787 |
| 25956407 | &nbsp;&nbsp;&nbsp;Pool SL1712 | 6.00% | 12/01/2054 | 26921123 |
| 39469238 | &nbsp;&nbsp;&nbsp;Pool SL2456 | 5.50% | 08/01/2055 | 40372101 |
| 11816054 | &nbsp;&nbsp;&nbsp;Pool SL3352 | 5.00% | 11/01/2055 | 11944039 |
| 891412 | &nbsp;&nbsp;&nbsp;Pool T60392 | 4.00% | 10/01/2041 | 856861 |
| 1212705 | &nbsp;&nbsp;&nbsp;Pool T60681 | 4.00% | 05/01/2042 | 1173249 |
| 4984007 | &nbsp;&nbsp;&nbsp;Pool T60782 | 3.50% | 07/01/2042 | 4696028 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 5670268 | &nbsp;&nbsp;&nbsp;Pool T60853 | 3.50% | 09/01/2042 | 5342657 |
| 5096066 | &nbsp;&nbsp;&nbsp;Pool T60854 | 3.50% | 09/01/2042 | 4801644 |
| 925711 | &nbsp;&nbsp;&nbsp;Pool T65110 | 3.50% | 10/01/2042 | 874531 |
| 5623362 | &nbsp;&nbsp;&nbsp;Pool T65492 | 3.00% | 06/01/2048 | 5011082 |
| 508375 | &nbsp;&nbsp;&nbsp;Pool T69016 | 5.00% | 06/01/2041 | 507283 |
| 8231816 | &nbsp;&nbsp;&nbsp;Pool T69050 | 3.50% | 05/01/2046 | 7760770 |
| 123380 | &nbsp;&nbsp;&nbsp;Pool U60299 | 4.00% | 11/01/2040 | 120810 |
| 120253767 | &nbsp;&nbsp;&nbsp;Pool U69911 | 4.00% | 04/01/2045 | 117748515 |
| 37591582 | &nbsp;&nbsp;&nbsp;Pool U69913 | 3.50% | 06/01/2043 | 35882467 |
| 1056471 | &nbsp;&nbsp;&nbsp;Pool U99125 | 3.00% | 01/01/2043 | 976818 |
| 40821973 | &nbsp;&nbsp;&nbsp;Pool V81821 | 3.00% | 08/01/2045 | 37464019 |
| 12039637 | &nbsp;&nbsp;&nbsp;Pool V82117 | 3.00% | 12/01/2045 | 11004422 |
| 5885340 | &nbsp;&nbsp;&nbsp;Pool V82248 | 3.50% | 03/01/2046 | 5520739 |
| 10500000 | &nbsp;&nbsp;&nbsp;Pool WN1221 | 4.80% | 12/01/2029 | 10696168 |
| 19180000 | &nbsp;&nbsp;&nbsp;Pool WN1240 | 4.40% | 12/01/2029 | 19262330 |
| 40000000 | &nbsp;&nbsp;&nbsp;Pool WN2184 | 2.50% | 04/01/2032 | 36107324 |
| 23230000 | &nbsp;&nbsp;&nbsp;Pool WN2311 | 4.80% | 01/01/2030 | 23662697 |
| 44691595 | &nbsp;&nbsp;&nbsp;Pool WN2358 | 4.30% | 01/01/2030 | 44786524 |
| 21423012 | &nbsp;&nbsp;&nbsp;Pool WN2396 | 4.79% | 03/01/2030 | 21818476 |
| 15225000 | &nbsp;&nbsp;&nbsp;Pool WN2423 | 4.19% | 06/01/2030 | 15204974 |
| 13881000 | &nbsp;&nbsp;&nbsp;Pool WN2579 | 4.85% | 03/01/2029 | 14156623 |
| 27120000 | &nbsp;&nbsp;&nbsp;Pool WN4136 | 4.60% | 10/01/2035 | 26823654 |
| 65651315 | &nbsp;&nbsp;&nbsp;Pool Z40117 | 3.00% | 04/01/2045 | 60618741 |
| 57524396 | &nbsp;&nbsp;&nbsp;Pool Z40206 | 3.50% | 02/01/2047 | 54416875 |
| 17608582 | &nbsp;&nbsp;&nbsp;Pool Z40264 | 4.00% | 11/01/2040 | 17352790 |
| 102919371 | &nbsp;&nbsp;&nbsp;Pool Z40265 | 3.50% | 08/01/2047 | 96985808 |
| 10744471 | &nbsp;&nbsp;&nbsp;Pool ZS4706 | 3.00% | 03/01/2047 | 9748556 |
| 5481318 | &nbsp;&nbsp;&nbsp;Pool ZS4750 | 3.00% | 01/01/2048 | 4953913 |
| 9753207 | &nbsp;&nbsp;&nbsp;Pool ZS4778 | 4.00% | 07/01/2048 | 9430052 |
| 8107626 | &nbsp;&nbsp;&nbsp;Pool ZS4790 | 4.00% | 09/01/2048 | 7835631 |
| 12149033 | &nbsp;&nbsp;&nbsp;Pool ZT1827 | 3.00% | 07/01/2047 | 11029754 |
| 236470 | &nbsp;&nbsp;&nbsp;Series 2519-ZD | 5.50% | 11/15/2032 | 243874 |
| 124433 | &nbsp;&nbsp;&nbsp;Series 2596-ZL | 5.00% | 04/15/2033 | 126822 |
| 9394240 | &nbsp;&nbsp;&nbsp;Series 267-30 | 3.00% | 08/15/2042 | 8647477 |
| 96098 | &nbsp;&nbsp;&nbsp;Series 2684-ZN | 4.00% | 10/15/2033 | 94184 |
| 6600973 | &nbsp;&nbsp;&nbsp;Series 274-30 | 3.00% | 08/15/2042 | 6031076 |
| 557497 | &nbsp;&nbsp;&nbsp;Series 2750-ZT | 5.00% | 02/15/2034 | 569555 |
| 26538608 | &nbsp;&nbsp;&nbsp;Series 280-30 | 3.00% | 09/15/2042 | 24603912 |
| 1795677 | &nbsp;&nbsp;&nbsp;Series 2825-PZ | 5.50% | 07/15/2034 | 1861251 |
| 4761722 | &nbsp;&nbsp;&nbsp;Series 284-300 | 3.00% | 10/15/2042 | 4440274 |
| 1021360 | &nbsp;&nbsp;&nbsp;Series 2898-JZ | 5.00% | 12/15/2034 | 1043446 |
| 2712378 | &nbsp;&nbsp;&nbsp;Series 2899-AZ | 5.00% | 12/15/2034 | 2788768 |
| 1303353 | &nbsp;&nbsp;&nbsp;Series 2909-Z | 5.00% | 12/15/2034 | 1340895 |
| 3037078 | &nbsp;&nbsp;&nbsp;Series 2932-Z | 5.00% | 02/15/2035 | 3131350 |
| 1069297 | &nbsp;&nbsp;&nbsp;Series 3002-SN (-1 x 30 day avg SOFR US + 6.39%, 0.00% Floor, 6.50% Cap) | 2.40 %<sup>(f)(g)</sup> | 07/15/2035 | 85920 |
| 705985 | &nbsp;&nbsp;&nbsp;Series 3030-SL (-1 x 30 day avg SOFR US + 5.99%, 0.00% Floor, 6.10% Cap) | 2.00 %<sup>(f)(g)</sup> | 09/15/2035 | 58077 |
| 238598 | &nbsp;&nbsp;&nbsp;Series 3045-DI (-1 x 30 day avg SOFR US + 6.62%, 0.00% Floor, 6.73% Cap) | 2.63 %<sup>(f)(g)</sup> | 10/15/2035 | 21880 |
| 1898549 | &nbsp;&nbsp;&nbsp;Series 3116-Z | 5.50% | 02/15/2036 | 1967595 |
| 275627 | &nbsp;&nbsp;&nbsp;Series 3117-ZN | 4.50% | 02/15/2036 | 277094 |
| 940666 | &nbsp;&nbsp;&nbsp;Series 3174-PZ | 5.00% | 01/15/2036 | 963716 |
| 229603 | &nbsp;&nbsp;&nbsp;Series 3187-JZ | 5.00% | 07/15/2036 | 237373 |
| 674418 | &nbsp;&nbsp;&nbsp;Series 3188-ZK | 5.00% | 07/15/2036 | 695161 |
| 1023369 | &nbsp;&nbsp;&nbsp;Series 3203-SE (-1 x 30 day avg SOFR US + 6.39%, 0.00% Floor, 6.50% Cap) | 2.40 %<sup>(f)(g)</sup> | 08/15/2036 | 101673 |
| 1376977 | &nbsp;&nbsp;&nbsp;Series 3203-Z | 5.00% | 07/15/2036 | 1410705 |
| 4017647 | &nbsp;&nbsp;&nbsp;Series 326-300Pool S0-7094 | 3.00% | 03/15/2044 | 3695467 |
| 1474205 | &nbsp;&nbsp;&nbsp;Series 3261-SA (-1 x 30 day avg SOFR US + 6.32%, 0.00% Floor, 6.43% Cap) | 2.33 %<sup>(f)(g)</sup> | 01/15/2037 | 145573 |
| 1131459 | &nbsp;&nbsp;&nbsp;Series 3275-SC (-1 x 30 day avg SOFR US + 5.97%, 0.00% Floor, 6.08% Cap) | 1.98 %<sup>(f)(g)</sup> | 02/15/2037 | 101785 |
| 291567 | &nbsp;&nbsp;&nbsp;Series 3315-HZ | 6.00% | 05/15/2037 | 308755 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 976203 | &nbsp;&nbsp;&nbsp;Series 3326-GS (-1 x 30 day avg SOFR US + 6.54%, 0.00% Floor, 6.65% Cap) | 2.55 %<sup>(f)(g)</sup> | 06/15/2037 | 89419 |
| 256283 | &nbsp;&nbsp;&nbsp;Series 3351-ZC | 5.50% | 07/15/2037 | 266588 |
| 3226198 | &nbsp;&nbsp;&nbsp;Series 3355-BI (-1 x 30 day avg SOFR US + 5.94%, 0.00% Floor, 6.05% Cap) | 1.95 %<sup>(f)(g)</sup> | 08/15/2037 | 312354 |
| 171555 | &nbsp;&nbsp;&nbsp;Series 3369-Z | 6.00% | 09/15/2037 | 181652 |
| 469353 | &nbsp;&nbsp;&nbsp;Series 3405-ZG | 5.50% | 01/15/2038 | 489037 |
| 126892 | &nbsp;&nbsp;&nbsp;Series 3417-SI (-1 x 30 day avg SOFR US + 6.07%, 0.00% Floor, 6.18% Cap) | 2.08 %<sup>(f)(g)</sup> | 02/15/2038 | 9906 |
| 573294 | &nbsp;&nbsp;&nbsp;Series 3423-GS (-1 x 30 day avg SOFR US + 5.54%, 0.00% Floor, 5.65% Cap) | 1.55 %<sup>(f)(g)</sup> | 03/15/2038 | 42547 |
| 94141 | &nbsp;&nbsp;&nbsp;Series 3423-SG (-1 x 30 day avg SOFR US + 5.54%, 0.00% Floor, 5.65% Cap) | 1.55 %<sup>(f)(g)</sup> | 03/15/2038 | 6877 |
| 136521 | &nbsp;&nbsp;&nbsp;Series 3451-S (-1 x 30 day avg SOFR US + 5.92%, 0.00% Floor, 6.03% Cap) | 1.93 %<sup>(f)(g)</sup> | 02/15/2037 | 9791 |
| 58778 | &nbsp;&nbsp;&nbsp;Series 3473-SM (-1 x 30 day avg SOFR US + 5.96%, 0.00% Floor, 6.07% Cap) | 1.97 %<sup>(f)(g)</sup> | 07/15/2038 | 4772 |
| 1127965 | &nbsp;&nbsp;&nbsp;Series 3484-SE (-1 x 30 day avg SOFR US + 5.74%, 0.00% Floor, 5.85% Cap) | 1.75 %<sup>(f)(g)</sup> | 08/15/2038 | 85588 |
| 1603533 | &nbsp;&nbsp;&nbsp;Series 3519-SD (-1 x 30 day avg SOFR US + 5.44%, 0.00% Floor, 5.55% Cap) | 1.45 %<sup>(f)(g)</sup> | 02/15/2038 | 126622 |
| 492825 | &nbsp;&nbsp;&nbsp;Series 3524-LB | 3.31 %<sup>(b)</sup> | 06/15/2038 | 478324 |
| 60174 | &nbsp;&nbsp;&nbsp;Series 3530-GZ | 4.50 %<sup>(i)</sup> | 05/15/2039 | 59286 |
| 1370054 | &nbsp;&nbsp;&nbsp;Series 3541-EI (-1 x 30 day avg SOFR US + 6.64%, 0.00% Floor, 6.75% Cap) | 2.65 %<sup>(f)(g)</sup> | 06/15/2039 | 161736 |
| 106215 | &nbsp;&nbsp;&nbsp;Series 3545-SA (-1 x 30 day avg SOFR US + 6.04%, 0.00% Floor, 6.15% Cap) | 2.05 %<sup>(f)(g)</sup> | 06/15/2039 | 8996 |
| 44185 | &nbsp;&nbsp;&nbsp;Series 3549-SA (-1 x 30 day avg SOFR US + 5.69%, 0.00% Floor, 5.80% Cap) | 1.70 %<sup>(f)(g)</sup> | 07/15/2039 | 3710 |
| 1751812 | &nbsp;&nbsp;&nbsp;Series 3577-LS (-1 x 30 day avg SOFR US + 7.09%, 0.00% Floor, 7.20% Cap) | 3.10 %<sup>(f)(g)</sup> | 08/15/2035 | 209434 |
| 537999 | &nbsp;&nbsp;&nbsp;Series 3582-SA (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 1.90 %<sup>(f)(g)</sup> | 10/15/2049 | 41488 |
| 552160 | &nbsp;&nbsp;&nbsp;Series 3583-GB | 4.50% | 10/15/2039 | 558399 |
| 685720 | &nbsp;&nbsp;&nbsp;Series 3616-SG (-1 x 30 day avg SOFR US + 6.24%, 0.00% Floor, 6.35% Cap) | 2.25 %<sup>(f)(g)</sup> | 03/15/2032 | 27318 |
| 1649272 | &nbsp;&nbsp;&nbsp;Series 3626-AZ | 5.50% | 08/15/2036 | 1715633 |
| 2093401 | &nbsp;&nbsp;&nbsp;Series 3654-ZB | 5.50% | 11/15/2037 | 2175435 |
| 28440286 | &nbsp;&nbsp;&nbsp;Series 367-C28 | 3.00 %<sup>(f)</sup> | 07/15/2050 | 4813229 |
| 1560164 | &nbsp;&nbsp;&nbsp;Series 3702-SG (-1 x 30 day avg SOFR US + 5.94%, 0.00% Floor, 6.05% Cap) | 1.95 %<sup>(f)(g)</sup> | 08/15/2032 | 97095 |
| 924155 | &nbsp;&nbsp;&nbsp;Series 3712-SG (-5 x 30 day avg SOFR US + 24.43%, 0.00% Floor, 25.00% Cap) | 4.30 %<sup>(g)</sup> | 08/15/2040 | 1061288 |
| 1389973 | &nbsp;&nbsp;&nbsp;Series 3724-CM | 5.50% | 06/15/2037 | 1464176 |
| 4459199 | &nbsp;&nbsp;&nbsp;Series 3726-SA (-1 x 30 day avg SOFR US + 5.94%, 0.00% Floor, 6.05% Cap) | 1.95 %<sup>(f)(g)</sup> | 09/15/2040 | 426366 |
| 4674509 | &nbsp;&nbsp;&nbsp;Series 3752-BS (-2 x 30 day avg SOFR US + 9.77%, 0.00% Floor, 10.00% Cap) | 1.72 %<sup>(g)</sup> | 11/15/2040 | 3928119 |
| 1049548 | &nbsp;&nbsp;&nbsp;Series 3771-AL | 4.00% | 12/15/2030 | 1053949 |
| 2448358 | &nbsp;&nbsp;&nbsp;Series 3779-BY | 3.50% | 12/15/2030 | 2426295 |
| 2901271 | &nbsp;&nbsp;&nbsp;Series 3779-LB | 4.00% | 12/15/2030 | 2896523 |
| 662416 | &nbsp;&nbsp;&nbsp;Series 3779-YA | 3.50% | 12/15/2030 | 656447 |
| 2394337 | &nbsp;&nbsp;&nbsp;Series 3783-AC | 4.00% | 01/15/2031 | 2404471 |
| 2984617 | &nbsp;&nbsp;&nbsp;Series 3786-SG (-2 x 30 day avg SOFR US + 9.27%, 0.00% Floor, 9.50% Cap) | 1.30 %<sup>(g)</sup> | 01/15/2041 | 2277589 |
| 2062623 | &nbsp;&nbsp;&nbsp;Series 3788-AY | 3.50% | 01/15/2031 | 2036791 |
| 430118 | &nbsp;&nbsp;&nbsp;Series 3790-Z | 4.00% | 01/15/2041 | 418105 |
| 1053564 | &nbsp;&nbsp;&nbsp;Series 3803-ZM | 4.00% | 02/15/2041 | 1024146 |
| 9810458 | &nbsp;&nbsp;&nbsp;Series 3806-CZ | 5.50% | 07/15/2034 | 10157904 |
| 2453136 | &nbsp;&nbsp;&nbsp;Series 3812-EY | 3.50% | 02/15/2031 | 2422226 |
| 1187557 | &nbsp;&nbsp;&nbsp;Series 3818-CZ | 4.50% | 03/15/2041 | 1181029 |
| 3290368 | &nbsp;&nbsp;&nbsp;Series 3828-SW (-3 x 30 day avg SOFR US + 12.86%, 0.00% Floor, 13.20% Cap) | 0.91 %<sup>(g)</sup> | 02/15/2041 | 2808416 |
| 5549231 | &nbsp;&nbsp;&nbsp;Series 3843-PZ | 5.00% | 04/15/2041 | 5687087 |
| 81266375 | &nbsp;&nbsp;&nbsp;Series 386-C19 | 2.50 %<sup>(f)</sup> | 03/15/2052 | 12204321 |
| 149643186 | &nbsp;&nbsp;&nbsp;Series 386-C4 | 2.50 %<sup>(f)</sup> | 08/15/2051 | 23042999 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 94402988 | &nbsp;&nbsp;&nbsp;Series 386-C6 | 2.50 %<sup>(f)</sup> | 12/15/2050 | 14421911 |
| 2695435 | &nbsp;&nbsp;&nbsp;Series 3870-PB | 4.50% | 06/15/2041 | 2727214 |
| 3677206 | &nbsp;&nbsp;&nbsp;Series 3872-BA | 4.00% | 06/15/2041 | 3647834 |
| 1894016 | &nbsp;&nbsp;&nbsp;Series 3877-EY | 4.50% | 06/15/2041 | 1897463 |
| 775385 | &nbsp;&nbsp;&nbsp;Series 3877-GY | 4.50% | 06/15/2041 | 776258 |
| 1614059 | &nbsp;&nbsp;&nbsp;Series 3900-SB (-1 x 30 day avg SOFR US + 5.86%, 0.00% Floor, 5.97% Cap) | 1.87 %<sup>(f)(g)</sup> | 07/15/2041 | 141724 |
| 1421020 | &nbsp;&nbsp;&nbsp;Series 3910-ZE | 5.00% | 10/15/2034 | 1452988 |
| 2684781 | &nbsp;&nbsp;&nbsp;Series 3919-KL | 4.50% | 09/15/2041 | 2710489 |
| 8737228 | &nbsp;&nbsp;&nbsp;Series 3919-ZJ | 4.00% | 09/15/2041 | 8574321 |
| 534172 | &nbsp;&nbsp;&nbsp;Series 3942-JZ | 4.00% | 10/15/2041 | 518651 |
| 3300632 | &nbsp;&nbsp;&nbsp;Series 3944-AZ | 4.00% | 10/15/2041 | 3206063 |
| 1454946 | &nbsp;&nbsp;&nbsp;Series 3946-SM (-3 x 30 day avg SOFR US + 14.36%, 0.00% Floor, 14.70% Cap) | 2.41 %<sup>(g)</sup> | 10/15/2041 | 1223157 |
| 6374137 | &nbsp;&nbsp;&nbsp;Series 3969-AB | 4.00% | 10/15/2033 | 6365041 |
| 1384889 | &nbsp;&nbsp;&nbsp;Series 3982-AZ | 3.50% | 01/15/2042 | 1306319 |
| 2032226 | &nbsp;&nbsp;&nbsp;Series 3999-EZ | 4.00% | 02/15/2042 | 1978953 |
| 2117449 | &nbsp;&nbsp;&nbsp;Series 4121-AV | 3.00% | 12/15/2035 | 2094704 |
| 10243429 | &nbsp;&nbsp;&nbsp;Series 4183-ZB | 3.00 %<sup>(i)</sup> | 03/15/2043 | 8441199 |
| 3648566 | &nbsp;&nbsp;&nbsp;Series 4186-ZJ | 3.00 %<sup>(i)</sup> | 03/15/2033 | 3474973 |
| 40143373 | &nbsp;&nbsp;&nbsp;Series 4212-US (-1 x 30 day avg SOFR US + 5.26%, 0.00% Floor, 5.40% Cap) | 0.43 %<sup>(g)</sup> | 06/15/2043 | 28000180 |
| 19309604 | &nbsp;&nbsp;&nbsp;Series 4223-US (-1 x 30 day avg SOFR US + 5.29%, 0.00% Floor, 5.43% Cap) | 0.44 %<sup>(g)</sup> | 07/15/2043 | 12682662 |
| 8852526 | &nbsp;&nbsp;&nbsp;Series 4249-CS (-1 x 30 day avg SOFR US + 4.56%, 0.00% Floor, 4.65% Cap) | 1.55 %<sup>(g)</sup> | 09/15/2043 | 6873934 |
| 6957263 | &nbsp;&nbsp;&nbsp;Series 4341-ZA | 3.00% | 05/15/2044 | 6424357 |
| 1023929 | &nbsp;&nbsp;&nbsp;Series 4379-KA | 3.00% | 08/15/2044 | 981475 |
| 32672106 | &nbsp;&nbsp;&nbsp;Series 4384-ZY | 3.00 %<sup>(i)</sup> | 09/15/2044 | 30128573 |
| 14816805 | &nbsp;&nbsp;&nbsp;Series 4390-CZ | 3.50 %<sup>(i)</sup> | 09/15/2054 | 12831534 |
| 4855945 | &nbsp;&nbsp;&nbsp;Series 4427-PS (-1 x 30 day avg SOFR US + 5.49%, 0.00% Floor, 5.60% Cap) | 1.50 %<sup>(f)(g)</sup> | 07/15/2044 | 245422 |
| 590656 | &nbsp;&nbsp;&nbsp;Series 4438-B | 3.00% | 10/15/2043 | 579399 |
| 11897837 | &nbsp;&nbsp;&nbsp;Series 4441-VZ | 3.00 %<sup>(i)</sup> | 02/15/2045 | 10601883 |
| 2677588 | &nbsp;&nbsp;&nbsp;Series 4471-BA | 3.00% | 12/15/2041 | 2665268 |
| 2328312 | &nbsp;&nbsp;&nbsp;Series 4471-BC | 3.00% | 12/15/2041 | 2317598 |
| 3995187 | &nbsp;&nbsp;&nbsp;Series 4500-GO | 0.00 %<sup>(j)</sup> | 08/15/2045 | 3238322 |
| 6988684 | &nbsp;&nbsp;&nbsp;Series 4504-CA | 3.00% | 04/15/2044 | 6835494 |
| 23254971 | &nbsp;&nbsp;&nbsp;Series 4543-HG | 2.70% | 04/15/2044 | 22565336 |
| 12051510 | &nbsp;&nbsp;&nbsp;Series 4632-MH | 4.00% | 11/15/2056 | 11338520 |
| 4613441 | &nbsp;&nbsp;&nbsp;Series 4744-JA | 3.00% | 09/15/2047 | 4273268 |
| 4017020 | &nbsp;&nbsp;&nbsp;Series 4744-KA | 3.00% | 08/15/2046 | 3902849 |
| 9378436 | &nbsp;&nbsp;&nbsp;Series 4746-ZN | 3.50% | 12/15/2047 | 8739439 |
| 21534000 | &nbsp;&nbsp;&nbsp;Series 4759-NL | 3.00% | 02/15/2048 | 19334496 |
| 6794972 | &nbsp;&nbsp;&nbsp;Series 4776-YP | 3.50% | 02/15/2048 | 6385965 |
| 22531807 | &nbsp;&nbsp;&nbsp;Series 4778-DZ | 4.00% | 04/15/2048 | 21556664 |
| 4791356 | &nbsp;&nbsp;&nbsp;Series 4791-IO | 3.00 %<sup>(f)</sup> | 05/15/2048 | 803359 |
| 23522123 | &nbsp;&nbsp;&nbsp;Series 4791-JT | 3.00% | 05/15/2048 | 21281644 |
| 3705511 | &nbsp;&nbsp;&nbsp;Series 4791-LI | 3.00 %<sup>(f)</sup> | 05/15/2048 | 549200 |
| 3705511 | &nbsp;&nbsp;&nbsp;Series 4791-LO | 0.00 %<sup>(j)</sup> | 05/15/2048 | 2856436 |
| 15455987 | &nbsp;&nbsp;&nbsp;Series 4791-PO | 0.00 %<sup>(j)</sup> | 05/15/2048 | 12321510 |
| 9917775 | &nbsp;&nbsp;&nbsp;Series 4792-A | 3.00% | 05/15/2048 | 8972742 |
| 6585736 | &nbsp;&nbsp;&nbsp;Series 4793-C | 3.00% | 06/15/2048 | 5970813 |
| 6154055 | &nbsp;&nbsp;&nbsp;Series 4795-AO | 0.00 %<sup>(j)</sup> | 05/15/2048 | 4724886 |
| 5388822 | &nbsp;&nbsp;&nbsp;Series 4801-OG | 0.00 %<sup>(j)</sup> | 06/15/2048 | 4366086 |
| 18792245 | &nbsp;&nbsp;&nbsp;Series 4857-J | 3.40% | 01/15/2049 | 17874586 |
| 8200592 | &nbsp;&nbsp;&nbsp;Series 4901-BD | 3.00% | 07/25/2049 | 7827841 |
| 16428120 | &nbsp;&nbsp;&nbsp;Series 4924-ST (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(f)(g)</sup> | 08/25/2048 | 1639602 |
| 9410197 | &nbsp;&nbsp;&nbsp;Series 5004-LS (-1 x 30 day avg SOFR US + 6.04%, 0.00% Floor, 6.15% Cap) | 2.16 %<sup>(f)(g)</sup> | 07/25/2050 | 1165494 |
| 33378598 | &nbsp;&nbsp;&nbsp;Series 5007-IP | 3.00 %<sup>(f)</sup> | 07/25/2050 | 5682847 |
| 14463548 | &nbsp;&nbsp;&nbsp;Series 5010-KI | 3.00 %<sup>(f)</sup> | 09/25/2050 | 2182907 |
| 11007462 | &nbsp;&nbsp;&nbsp;Series 5023-YI | 3.00 %<sup>(f)</sup> | 10/25/2050 | 1955425 |
| 28436443 | &nbsp;&nbsp;&nbsp;Series 5036-LI | 2.50 %<sup>(f)</sup> | 11/25/2050 | 4427438 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 50873787 | &nbsp;&nbsp;&nbsp;Series 5040-GI | 2.00 %<sup>(f)</sup> | 11/25/2050 | 6354858 |
| 27390735 | &nbsp;&nbsp;&nbsp;Series 5050-BN | 3.00% | 11/25/2050 | 24295168 |
| 26864698 | &nbsp;&nbsp;&nbsp;Series 5053-AI | 3.00 %<sup>(f)</sup> | 11/25/2050 | 4702789 |
| 8954899 | &nbsp;&nbsp;&nbsp;Series 5053-PI | 3.00 %<sup>(f)</sup> | 11/25/2050 | 1567596 |
| 19114219 | &nbsp;&nbsp;&nbsp;Series 5059-HI | 3.00 %<sup>(f)</sup> | 09/25/2050 | 3126450 |
| 21510970 | &nbsp;&nbsp;&nbsp;Series 5059-ID | 3.00 %<sup>(f)</sup> | 01/25/2051 | 3298858 |
| 10546941 | &nbsp;&nbsp;&nbsp;Series 5060-LT | 2.00% | 05/25/2050 | 8822125 |
| 5360076 | &nbsp;&nbsp;&nbsp;Series 5062-PA | 1.25% | 01/25/2051 | 4052707 |
| 13933674 | &nbsp;&nbsp;&nbsp;Series 5071-FP (30 day avg SOFR US + 0.70%, 0.70% Floor, 4.00% Cap) | 4.00% | 02/25/2051 | 11887042 |
| 25189653 | &nbsp;&nbsp;&nbsp;Series 5077-CI | 3.50 %<sup>(f)</sup> | 02/25/2051 | 4662242 |
| 11123789 | &nbsp;&nbsp;&nbsp;Series 5081-MI | 2.50 %<sup>(f)</sup> | 03/25/2051 | 1785267 |
| 34789834 | &nbsp;&nbsp;&nbsp;Series 5083-IH | 2.50 %<sup>(f)</sup> | 03/25/2051 | 5583692 |
| 10256392 | &nbsp;&nbsp;&nbsp;Series 5086-IB | 3.00 %<sup>(f)</sup> | 03/25/2051 | 1814129 |
| 12750128 | &nbsp;&nbsp;&nbsp;Series 5086-IK | 3.00 %<sup>(f)</sup> | 03/25/2051 | 2195343 |
| 6654802 | &nbsp;&nbsp;&nbsp;Series 5112-SC (-1 x 30 day avg SOFR US + 2.50%, 0.00% Floor, 2.50% Cap) | 0.00 %<sup>(f)(g)</sup> | 06/25/2051 | 9647 |
| 14042741 | &nbsp;&nbsp;&nbsp;Series 5117-D | 2.00% | 06/25/2051 | 12647813 |
| 15532632 | &nbsp;&nbsp;&nbsp;Series 5118-PI | 3.00 %<sup>(f)</sup> | 03/25/2051 | 2503154 |
| 92504618 | &nbsp;&nbsp;&nbsp;Series 5129-GI | 3.00 %<sup>(f)</sup> | 08/25/2050 | 16159373 |
| 59325077 | &nbsp;&nbsp;&nbsp;Series 5130-IO | 3.50 %<sup>(f)</sup> | 08/25/2051 | 12741798 |
| 28638570 | &nbsp;&nbsp;&nbsp;Series 5140-AI | 3.50 %<sup>(f)</sup> | 09/25/2051 | 5426325 |
| 9723768 | &nbsp;&nbsp;&nbsp;Series 5140-B | 2.00% | 05/25/2040 | 8806248 |
| 30352579 | &nbsp;&nbsp;&nbsp;Series 5140-HI | 2.00 %<sup>(f)</sup> | 08/25/2046 | 2777540 |
| 22473410 | &nbsp;&nbsp;&nbsp;Series 5142-IP | 3.00 %<sup>(f)</sup> | 09/25/2051 | 3879493 |
| 33087142 | &nbsp;&nbsp;&nbsp;Series 5145-SB (-1 x 30 day avg SOFR US + 2.60%, 0.00% Floor, 2.60% Cap) | 0.00 %<sup>(f)(g)</sup> | 09/25/2051 | 44013 |
| 14018441 | &nbsp;&nbsp;&nbsp;Series 5149-CI | 3.00 %<sup>(f)</sup> | 12/25/2043 | 1927062 |
| 19285299 | &nbsp;&nbsp;&nbsp;Series 5150-AB | 2.00% | 04/25/2049 | 16152188 |
| 35979981 | &nbsp;&nbsp;&nbsp;Series 5157-EI | 3.00 %<sup>(f)</sup> | 10/25/2051 | 4927016 |
| 12420997 | &nbsp;&nbsp;&nbsp;Series 5157-P | 1.50% | 10/25/2051 | 10299259 |
| 8126954 | &nbsp;&nbsp;&nbsp;Series 5159-CD | 1.50% | 07/25/2041 | 7292746 |
| 15169011 | &nbsp;&nbsp;&nbsp;Series 5159-DI | 3.00 %<sup>(f)</sup> | 04/25/2048 | 2434437 |
| 26715974 | &nbsp;&nbsp;&nbsp;Series 5159-UI | 3.50 %<sup>(f)</sup> | 08/25/2050 | 4968861 |
| 39386494 | &nbsp;&nbsp;&nbsp;Series 5160-S (-1 x 30 day avg SOFR US + 3.74%, 0.00% Floor, 3.74% Cap) | 0.00 %<sup>(f)(g)</sup> | 08/25/2050 | 1085677 |
| 19786507 | &nbsp;&nbsp;&nbsp;Series 5160-ZY | 3.00 %<sup>(i)</sup> | 10/25/2050 | 14442215 |
| 26001397 | &nbsp;&nbsp;&nbsp;Series 5171-GI | 3.00 %<sup>(f)</sup> | 12/25/2051 | 4280431 |
| 26479583 | &nbsp;&nbsp;&nbsp;Series 5176-D | 2.50% | 01/25/2051 | 22955842 |
| 22174592 | &nbsp;&nbsp;&nbsp;Series 5181-IL | 3.00 %<sup>(f)</sup> | 01/25/2052 | 3592315 |
| 13190918 | &nbsp;&nbsp;&nbsp;Series 5187-LA | 2.50% | 10/25/2049 | 11871410 |
| 17950535 | &nbsp;&nbsp;&nbsp;Series 5196-PE | 2.00% | 02/25/2052 | 15990989 |
| 19825569 | &nbsp;&nbsp;&nbsp;Series 5202-DB | 3.00% | 05/25/2048 | 18220346 |
| 16411424 | &nbsp;&nbsp;&nbsp;Series 5202-HA | 2.50% | 09/25/2048 | 14844350 |
| 54364045 | &nbsp;&nbsp;&nbsp;Series 5209-IO | 3.00 %<sup>(f)</sup> | 10/25/2051 | 9146941 |
| 22562441 | &nbsp;&nbsp;&nbsp;Series 5236-YI | 2.50 %<sup>(f)</sup> | 06/25/2049 | 2673379 |
| 63240432 | &nbsp;&nbsp;&nbsp;Series 5279-IO | 3.00 %<sup>(f)</sup> | 03/25/2051 | 10159816 |
| 70260714 | &nbsp;&nbsp;&nbsp;Series 5321-PO | 0.00 %<sup>(j)</sup> | 08/25/2050 | 50421020 |
| 12169491 | &nbsp;&nbsp;&nbsp;Series 5326-KO | 0.00 %<sup>(j)</sup> | 09/25/2050 | 8805414 |
| 33161501 | &nbsp;&nbsp;&nbsp;Series 5326-MO | 0.00 %<sup>(j)</sup> | 09/25/2050 | 23027725 |
| 15254955 | &nbsp;&nbsp;&nbsp;Series 5326-OP | 0.00 %<sup>(j)</sup> | 09/25/2050 | 11036689 |
| 26476662 | &nbsp;&nbsp;&nbsp;Series 5326-UO | 0.00 %<sup>(j)</sup> | 10/25/2050 | 17907628 |
| 22841057 | &nbsp;&nbsp;&nbsp;Series 5334-PO | 0.00 %<sup>(j)</sup> | 12/25/2050 | 17018956 |
| 11539899 | &nbsp;&nbsp;&nbsp;Series 5352-LO | 0.00 %<sup>(j)</sup> | 10/15/2046 | 8874049 |
| 17257530 | &nbsp;&nbsp;&nbsp;Series 5365-PO | 0.00 %<sup>(j)</sup> | 02/25/2037 | 14319413 |
| 18152448 | &nbsp;&nbsp;&nbsp;Series 5377-IO | 2.50 %<sup>(f)</sup> | 12/25/2051 | 2231101 |
| 15240485 | &nbsp;&nbsp;&nbsp;Series 5400-FB (30 day avg SOFR US + 1.10%, 1.10% Floor, 7.00% Cap) | 4.97% | 04/25/2054 | 15290221 |
| 24763088 | &nbsp;&nbsp;&nbsp;Series 5430-FD (30 day avg SOFR US + 1.10%, 1.10% Floor, 7.00% Cap) | 4.97% | 07/25/2054 | 24848803 |
| 20380289 | &nbsp;&nbsp;&nbsp;Series 5439-FJ (30 day avg SOFR US + 1.10%, 1.10% Floor, 7.00% Cap) | 4.97% | 08/25/2054 | 20445086 |
| 33911795 | &nbsp;&nbsp;&nbsp;Series 5452-DF (30 day avg SOFR US + 1.25%, 1.25% Floor, 6.50% Cap) | 5.12% | 09/25/2054 | 34071150 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 13077884 | &nbsp;&nbsp;&nbsp;Series 5458-FE (30 day avg SOFR US + 1.10%, 1.10% Floor, 6.50% Cap) | 4.97% | 10/25/2054 | 13109735 |
| 32247597 | &nbsp;&nbsp;&nbsp;Series 5469-F (30 day avg SOFR US + 1.10%, 1.10% Floor, 6.50% Cap) | 4.97% | 09/25/2054 | 32327229 |
| 38965097 | &nbsp;&nbsp;&nbsp;Series 5470-FH (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% | 11/25/2054 | 39115444 |
| 36832690 | &nbsp;&nbsp;&nbsp;Series 5473-FP (30 day avg SOFR US + 1.30%, 1.30% Floor, 6.50% Cap) | 5.17% | 11/25/2054 | 37052728 |
| 42702867 | &nbsp;&nbsp;&nbsp;Series 5494-FA (30 day avg SOFR US + 1.10%, 1.10% Floor, 6.50% Cap) | 4.97% | 01/25/2055 | 42812536 |
| 37279382 | &nbsp;&nbsp;&nbsp;Series 5515-FM (30 day avg SOFR US + 1.35%, 1.35% Floor, 6.50% Cap) | 5.22% | 03/25/2055 | 37563585 |
| 16695186 | &nbsp;&nbsp;&nbsp;Series 5527-FC (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% | 09/25/2054 | 16765540 |
| 23879267 | &nbsp;&nbsp;&nbsp;Series 5527-FD (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% | 09/25/2054 | 23979894 |
| 19267156 | &nbsp;&nbsp;&nbsp;Series 5536-FD (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% | 05/25/2054 | 19341507 |
| 58220206 | &nbsp;&nbsp;&nbsp;Series 5596-CF (30 day avg SOFR US + 1.15%, 1.15% Floor, 6.50% Cap) | 5.02% | 11/25/2055 | 58443725 |
| 27773735 | &nbsp;&nbsp;&nbsp;Series 5598-FA (30 day avg SOFR US + 1.15%, 1.15% Floor, 6.50% Cap) | 5.02% | 11/25/2055 | 27872676 |
| 28330540 | &nbsp;&nbsp;&nbsp;Series 5599-FD (30 day avg SOFR US + 1.15%, 1.15% Floor, 6.50% Cap) | 5.02% | 10/25/2055 | 28441777 |
| 35518201 | &nbsp;&nbsp;&nbsp;Series 5606-KP | 4.50% | 12/25/2055 | 35119257 |
|  | Federal National Mortgage Association |  |  |  |
| 55203900 | &nbsp;&nbsp;&nbsp;Pool 310233 | 3.50% | 03/01/2044 | 52633011 |
| 2028138 | &nbsp;&nbsp;&nbsp;Pool 555743 | 5.00% | 09/01/2033 | 2058412 |
| 1596193 | &nbsp;&nbsp;&nbsp;Pool 735382 | 5.00% | 04/01/2035 | 1638215 |
| 2699116 | &nbsp;&nbsp;&nbsp;Pool 735402 | 5.00% | 04/01/2035 | 2770173 |
| 1799559 | &nbsp;&nbsp;&nbsp;Pool 735484 | 5.00% | 05/01/2035 | 1846939 |
| 739495 | &nbsp;&nbsp;&nbsp;Pool 735667 | 5.00% | 07/01/2035 | 751581 |
| 631330 | &nbsp;&nbsp;&nbsp;Pool 735893 | 5.00% | 10/01/2035 | 648484 |
| 1552802 | &nbsp;&nbsp;&nbsp;Pool 745275 | 5.00% | 02/01/2036 | 1595637 |
| 67711 | &nbsp;&nbsp;&nbsp;Pool 888695 | 5.00% | 08/01/2037 | 69664 |
| 357781 | &nbsp;&nbsp;&nbsp;Pool 888968 | 5.00% | 08/01/2035 | 366896 |
| 3126369 | &nbsp;&nbsp;&nbsp;Pool 890549 | 4.00% | 11/01/2043 | 3058317 |
| 4112851 | &nbsp;&nbsp;&nbsp;Pool 890565 | 3.00% | 11/01/2043 | 3805949 |
| 232714 | &nbsp;&nbsp;&nbsp;Pool 931104 | 5.00% | 05/01/2039 | 237111 |
| 47215 | &nbsp;&nbsp;&nbsp;Pool 975116 | 5.00% | 05/01/2038 | 48578 |
| 663222 | &nbsp;&nbsp;&nbsp;Pool 986864 | 6.50% | 08/01/2038 | 705931 |
| 429320 | &nbsp;&nbsp;&nbsp;Pool 987316 | 6.50% | 09/01/2038 | 455935 |
| 2870621 | &nbsp;&nbsp;&nbsp;Pool 995203 | 5.00% | 07/01/2035 | 2917893 |
| 4870910 | &nbsp;&nbsp;&nbsp;Pool 995849 | 5.00% | 08/01/2036 | 4944450 |
| 3281336 | &nbsp;&nbsp;&nbsp;Pool AB2123 | 4.00% | 01/01/2031 | 3276704 |
| 186976 | &nbsp;&nbsp;&nbsp;Pool AB3713 | 4.00% | 10/01/2031 | 185727 |
| 1822130 | &nbsp;&nbsp;&nbsp;Pool AB3796 | 3.50% | 11/01/2031 | 1797784 |
| 632297 | &nbsp;&nbsp;&nbsp;Pool AB3850 | 4.00% | 11/01/2041 | 608635 |
| 492696 | &nbsp;&nbsp;&nbsp;Pool AB3923 | 4.00% | 11/01/2041 | 473032 |
| 6861670 | &nbsp;&nbsp;&nbsp;Pool AB4167 | 3.50% | 01/01/2032 | 6765938 |
| 5384096 | &nbsp;&nbsp;&nbsp;Pool AB4261 | 3.50% | 01/01/2032 | 5308974 |
| 1065309 | &nbsp;&nbsp;&nbsp;Pool AB5084 | 3.50% | 05/01/2032 | 1050230 |
| 2567134 | &nbsp;&nbsp;&nbsp;Pool AB5156 | 3.50% | 05/01/2032 | 2528228 |
| 3602300 | &nbsp;&nbsp;&nbsp;Pool AB5212 | 3.50% | 05/01/2032 | 3550572 |
| 2453491 | &nbsp;&nbsp;&nbsp;Pool AB5243 | 4.00% | 05/01/2042 | 2355578 |
| 4922039 | &nbsp;&nbsp;&nbsp;Pool AB5911 | 3.00% | 08/01/2032 | 4799294 |
| 2398059 | &nbsp;&nbsp;&nbsp;Pool AB6280 | 3.00% | 09/01/2042 | 2214661 |
| 2748988 | &nbsp;&nbsp;&nbsp;Pool AB6349 | 3.00% | 10/01/2032 | 2675752 |
| 7420194 | &nbsp;&nbsp;&nbsp;Pool AB6750 | 3.00% | 10/01/2032 | 7218440 |
| 4114536 | &nbsp;&nbsp;&nbsp;Pool AB6751 | 3.00% | 10/01/2032 | 4002044 |
| 25236062 | &nbsp;&nbsp;&nbsp;Pool AB6854 | 3.00% | 11/01/2042 | 23350099 |
| 19983390 | &nbsp;&nbsp;&nbsp;Pool AB7077 | 3.00% | 11/01/2042 | 18493124 |
| 7975016 | &nbsp;&nbsp;&nbsp;Pool AB7776 | 3.00% | 02/01/2043 | 7365060 |
| 9065873 | &nbsp;&nbsp;&nbsp;Pool AB7877 | 3.00% | 02/01/2043 | 8372486 |
| 3408080 | &nbsp;&nbsp;&nbsp;Pool AB8418 | 3.00% | 02/01/2033 | 3311331 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 5522917 | &nbsp;&nbsp;&nbsp;Pool AB8520 | 3.00% | 02/01/2033 | 5364480 |
| 7418726 | &nbsp;&nbsp;&nbsp;Pool AB8703 | 3.00% | 03/01/2038 | 7021860 |
| 2579476 | &nbsp;&nbsp;&nbsp;Pool AB8858 | 3.00% | 04/01/2033 | 2506793 |
| 6442242 | &nbsp;&nbsp;&nbsp;Pool AB9020 | 3.00% | 04/01/2038 | 6097606 |
| 4316390 | &nbsp;&nbsp;&nbsp;Pool AB9197 | 3.00% | 05/01/2033 | 4186063 |
| 2494537 | &nbsp;&nbsp;&nbsp;Pool AB9409 | 3.00% | 05/01/2033 | 2422168 |
| 67586 | &nbsp;&nbsp;&nbsp;Pool AD2177 | 4.50% | 06/01/2030 | 67837 |
| 230480 | &nbsp;&nbsp;&nbsp;Pool AD6438 | 5.00% | 06/01/2040 | 237141 |
| 130449 | &nbsp;&nbsp;&nbsp;Pool AD7859 | 5.00% | 06/01/2040 | 134220 |
| 1968899 | &nbsp;&nbsp;&nbsp;Pool AH0607 | 4.00% | 12/01/2040 | 1929114 |
| 103016 | &nbsp;&nbsp;&nbsp;Pool AH1140 | 4.50% | 12/01/2040 | 101748 |
| 1514735 | &nbsp;&nbsp;&nbsp;Pool AH4437 | 4.00% | 01/01/2041 | 1458060 |
| 335298 | &nbsp;&nbsp;&nbsp;Pool AH7309 | 4.00% | 02/01/2031 | 334387 |
| 38060 | &nbsp;&nbsp;&nbsp;Pool AH9323 | 4.00% | 04/01/2026 | 37955 |
| 717512 | &nbsp;&nbsp;&nbsp;Pool AJ1265 | 4.00% | 09/01/2041 | 698190 |
| 49625 | &nbsp;&nbsp;&nbsp;Pool AJ1399 | 4.00% | 09/01/2041 | 47645 |
| 1351716 | &nbsp;&nbsp;&nbsp;Pool AJ1467 | 4.00% | 10/01/2041 | 1301134 |
| 1288727 | &nbsp;&nbsp;&nbsp;Pool AJ3392 | 4.00% | 10/01/2041 | 1240514 |
| 993396 | &nbsp;&nbsp;&nbsp;Pool AJ3854 | 4.00% | 10/01/2041 | 953751 |
| 4117014 | &nbsp;&nbsp;&nbsp;Pool AJ4118 | 4.00% | 11/01/2041 | 3963010 |
| 1190890 | &nbsp;&nbsp;&nbsp;Pool AJ4131 | 4.00% | 10/01/2041 | 1143372 |
| 1629771 | &nbsp;&nbsp;&nbsp;Pool AJ7677 | 3.50% | 12/01/2041 | 1537863 |
| 902600 | &nbsp;&nbsp;&nbsp;Pool AJ8334 | 4.00% | 12/01/2041 | 866577 |
| 4845711 | &nbsp;&nbsp;&nbsp;Pool AK0713 | 3.50% | 01/01/2032 | 4780983 |
| 1088663 | &nbsp;&nbsp;&nbsp;Pool AK4039 | 4.00% | 02/01/2042 | 1045212 |
| 2209325 | &nbsp;&nbsp;&nbsp;Pool AK4763 | 4.00% | 02/01/2042 | 2126654 |
| 1010985 | &nbsp;&nbsp;&nbsp;Pool AK9438 | 4.00% | 03/01/2042 | 970646 |
| 1539552 | &nbsp;&nbsp;&nbsp;Pool AK9439 | 4.00% | 03/01/2042 | 1478131 |
| 417170 | &nbsp;&nbsp;&nbsp;Pool AK9446 | 4.50% | 03/01/2042 | 417436 |
| 19893256 | &nbsp;&nbsp;&nbsp;Pool AL3883 | 3.00% | 07/01/2043 | 18371860 |
| 9310 | &nbsp;&nbsp;&nbsp;Pool AL4292 | 4.50% | 04/01/2026 | 9314 |
| 3220611 | &nbsp;&nbsp;&nbsp;Pool AL4312 | 4.00% | 10/01/2043 | 3147841 |
| 8112703 | &nbsp;&nbsp;&nbsp;Pool AL6075 | 3.50% | 09/01/2053 | 7447382 |
| 14152040 | &nbsp;&nbsp;&nbsp;Pool AL6076 | 3.00% | 06/01/2053 | 12567945 |
| 18409065 | &nbsp;&nbsp;&nbsp;Pool AL6141 | 4.00% | 04/01/2042 | 18019839 |
| 17916309 | &nbsp;&nbsp;&nbsp;Pool AL6325 | 3.00% | 10/01/2044 | 16560559 |
| 5601839 | &nbsp;&nbsp;&nbsp;Pool AL6486 | 4.50% | 02/01/2045 | 5594596 |
| 16196958 | &nbsp;&nbsp;&nbsp;Pool AL6538 | 4.50% | 06/01/2044 | 16310953 |
| 17541704 | &nbsp;&nbsp;&nbsp;Pool AL8304 | 3.50% | 03/01/2046 | 16658326 |
| 8471006 | &nbsp;&nbsp;&nbsp;Pool AL9220 | 3.00% | 06/01/2045 | 7832786 |
| 8591251 | &nbsp;&nbsp;&nbsp;Pool AL9445 | 3.00% | 07/01/2031 | 8442537 |
| 23147193 | &nbsp;&nbsp;&nbsp;Pool AM8510 | 3.15% | 05/01/2035 | 21018932 |
| 25112516 | &nbsp;&nbsp;&nbsp;Pool AM8950 | 3.14% | 06/01/2040 | 22835386 |
| 3989864 | &nbsp;&nbsp;&nbsp;Pool AN5480 | 3.43% | 06/01/2037 | 3760469 |
| 217500000 | &nbsp;&nbsp;&nbsp;Pool AN6680 | 3.37% | 11/01/2047 | 175267333 |
| 9850534 | &nbsp;&nbsp;&nbsp;Pool AN7452 | 3.12% | 11/01/2032 | 9218563 |
| 20189913 | &nbsp;&nbsp;&nbsp;Pool AN8121 | 3.16% | 01/01/2035 | 18390189 |
| 3642641 | &nbsp;&nbsp;&nbsp;Pool AN9452 | 3.75% | 06/01/2030 | 3537372 |
| 3272564 | &nbsp;&nbsp;&nbsp;Pool AO2980 | 4.00% | 05/01/2042 | 3150076 |
| 10868922 | &nbsp;&nbsp;&nbsp;Pool AP4787 | 3.50% | 09/01/2042 | 10228978 |
| 9121180 | &nbsp;&nbsp;&nbsp;Pool AP4789 | 3.50% | 09/01/2042 | 8584109 |
| 4620394 | &nbsp;&nbsp;&nbsp;Pool AQ5541 | 3.00% | 12/01/2042 | 4273158 |
| 4823512 | &nbsp;&nbsp;&nbsp;Pool AR9856 | 3.00% | 04/01/2043 | 4462558 |
| 4666465 | &nbsp;&nbsp;&nbsp;Pool AS1927 | 4.50% | 03/01/2044 | 4662353 |
| 5624078 | &nbsp;&nbsp;&nbsp;Pool AS2038 | 4.50% | 03/01/2044 | 5628387 |
| 3107958 | &nbsp;&nbsp;&nbsp;Pool AS2517 | 4.50% | 05/01/2044 | 3103939 |
| 1418799 | &nbsp;&nbsp;&nbsp;Pool AS2551 | 4.50% | 06/01/2044 | 1418863 |
| 1654415 | &nbsp;&nbsp;&nbsp;Pool AS2765 | 4.50% | 07/01/2044 | 1653809 |
| 6464893 | &nbsp;&nbsp;&nbsp;Pool AS3201 | 3.00% | 08/01/2034 | 6226631 |
| 3003173 | &nbsp;&nbsp;&nbsp;Pool AS3456 | 3.00% | 10/01/2034 | 2886349 |
| 6195799 | &nbsp;&nbsp;&nbsp;Pool AS3666 | 3.00% | 10/01/2034 | 5941778 |
| 23212266 | &nbsp;&nbsp;&nbsp;Pool AS3961 | 3.00% | 12/01/2044 | 21321101 |
| 9508545 | &nbsp;&nbsp;&nbsp;Pool AS4154 | 3.00% | 12/01/2044 | 8722113 |
| 4740570 | &nbsp;&nbsp;&nbsp;Pool AS4212 | 3.00% | 01/01/2035 | 4544232 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 7572909 | &nbsp;&nbsp;&nbsp;Pool AS4281 | 3.00% | 01/01/2035 | 7253308 |
| 7012107 | &nbsp;&nbsp;&nbsp;Pool AS4345 | 3.50% | 01/01/2045 | 6674933 |
| 7656025 | &nbsp;&nbsp;&nbsp;Pool AS4360 | 3.00% | 01/01/2035 | 7334902 |
| 8058162 | &nbsp;&nbsp;&nbsp;Pool AS4779 | 3.00% | 04/01/2035 | 7710044 |
| 6565612 | &nbsp;&nbsp;&nbsp;Pool AS4780 | 3.00% | 04/01/2035 | 6284947 |
| 8157056 | &nbsp;&nbsp;&nbsp;Pool AS4840 | 3.00% | 04/01/2035 | 7808379 |
| 5623057 | &nbsp;&nbsp;&nbsp;Pool AS4881 | 3.00% | 05/01/2035 | 5380247 |
| 11633724 | &nbsp;&nbsp;&nbsp;Pool AS7473 | 3.00% | 07/01/2046 | 10354716 |
| 22912292 | &nbsp;&nbsp;&nbsp;Pool AS7661 | 3.00% | 08/01/2046 | 20393129 |
| 15358016 | &nbsp;&nbsp;&nbsp;Pool AS8056 | 3.00% | 10/01/2046 | 13946530 |
| 21303048 | &nbsp;&nbsp;&nbsp;Pool AS8111 | 3.00% | 10/01/2041 | 19681998 |
| 13293226 | &nbsp;&nbsp;&nbsp;Pool AS8269 | 3.00% | 11/01/2046 | 12068066 |
| 11983226 | &nbsp;&nbsp;&nbsp;Pool AS8306 | 3.00% | 11/01/2041 | 11092426 |
| 13635363 | &nbsp;&nbsp;&nbsp;Pool AS8356 | 3.00% | 11/01/2046 | 12136217 |
| 11382217 | &nbsp;&nbsp;&nbsp;Pool AX9696 | 3.00% | 07/01/2045 | 10201298 |
| 12793467 | &nbsp;&nbsp;&nbsp;Pool AY3974 | 3.00% | 03/01/2045 | 11703471 |
| 5342749 | &nbsp;&nbsp;&nbsp;Pool AY4295 | 3.00% | 02/01/2045 | 4808304 |
| 388655 | &nbsp;&nbsp;&nbsp;Pool AY4296 | 3.00% | 01/01/2045 | 345915 |
| 2546621 | &nbsp;&nbsp;&nbsp;Pool AY5471 | 3.00% | 03/01/2045 | 2266599 |
| 4126838 | &nbsp;&nbsp;&nbsp;Pool AZ0576 | 3.50% | 04/01/2042 | 3896660 |
| 6877800 | &nbsp;&nbsp;&nbsp;Pool BC0785 | 3.50% | 04/01/2046 | 6510093 |
| 12926808 | &nbsp;&nbsp;&nbsp;Pool BC9003 | 3.00% | 11/01/2046 | 11738768 |
| 62534343 | &nbsp;&nbsp;&nbsp;Pool BF0314 | 3.00% | 01/01/2053 | 56954473 |
| 54530127 | &nbsp;&nbsp;&nbsp;Pool BF0353 | 3.00% | 05/01/2053 | 49663863 |
| 27030444 | &nbsp;&nbsp;&nbsp;Pool BF0391 | 3.00% | 09/01/2053 | 24618399 |
| 18749077 | &nbsp;&nbsp;&nbsp;Pool BK8257 | 1.50% | 12/01/2050 | 14117583 |
| 15124701 | &nbsp;&nbsp;&nbsp;Pool BK8267 | 2.50% | 12/01/2050 | 13085851 |
| 9000000 | &nbsp;&nbsp;&nbsp;Pool BL0357 | 3.89% | 10/01/2038 | 8202068 |
| 43266643 | &nbsp;&nbsp;&nbsp;Pool BL0870 | 4.28% | 12/01/2048 | 38130801 |
| 4870296 | &nbsp;&nbsp;&nbsp;Pool BL2303 | 3.36% | 05/01/2031 | 4681581 |
| 8860000 | &nbsp;&nbsp;&nbsp;Pool BL4038 | 2.98% | 09/01/2034 | 7991961 |
| 8190000 | &nbsp;&nbsp;&nbsp;Pool BL5840 | 2.73% | 02/01/2035 | 7046951 |
| 6156614 | &nbsp;&nbsp;&nbsp;Pool BL6639 | 2.66% | 05/01/2050 | 4807281 |
| 15993459 | &nbsp;&nbsp;&nbsp;Pool BL6689 | 2.19% | 05/01/2032 | 14184561 |
| 36206706 | &nbsp;&nbsp;&nbsp;Pool BL7110 | 1.76% | 07/01/2035 | 29303370 |
| 3568101 | &nbsp;&nbsp;&nbsp;Pool BL7331 | 2.23% | 07/01/2040 | 2608706 |
| 20400000 | &nbsp;&nbsp;&nbsp;Pool BL7424 | 1.65% | 08/01/2035 | 16200600 |
| 39792137 | &nbsp;&nbsp;&nbsp;Pool BL8165 | 1.35% | 09/01/2032 | 33400135 |
| 31166183 | &nbsp;&nbsp;&nbsp;Pool BL8269 | 1.51% | 09/01/2035 | 24682122 |
| 17000000 | &nbsp;&nbsp;&nbsp;Pool BL8977 | 1.20% | 11/01/2030 | 14839744 |
| 10360942 | &nbsp;&nbsp;&nbsp;Pool BL9284 | 2.23% | 12/01/2050 | 7426063 |
| 53000000 | &nbsp;&nbsp;&nbsp;Pool BL9576 | 2.24% | 12/01/2050 | 36315722 |
| 15078285 | &nbsp;&nbsp;&nbsp;Pool BM5299 | 3.00% | 12/01/2046 | 13693073 |
| 23431109 | &nbsp;&nbsp;&nbsp;Pool BM5633 | 3.00% | 07/01/2047 | 21266232 |
| 3531367 | &nbsp;&nbsp;&nbsp;Pool BM5834 | 3.00% | 04/01/2048 | 3143213 |
| 41953887 | &nbsp;&nbsp;&nbsp;Pool BM6779 | 2.00% | 08/01/2051 | 33253282 |
| 155802786 | &nbsp;&nbsp;&nbsp;Pool BM6831 | 1.92 %<sup>(b)</sup> | 10/01/2033 | 131211874 |
| 76525075 | &nbsp;&nbsp;&nbsp;Pool BM6857 | 1.83 %<sup>(b)</sup> | 12/01/2031 | 67168523 |
| 14360385 | &nbsp;&nbsp;&nbsp;Pool BM6925 (30 day avg SOFR US + 2.21%, 2.21% Floor, 7.29% Cap) | 2.29% | 04/01/2052 | 13258500 |
| 19391908 | &nbsp;&nbsp;&nbsp;Pool BM7154 (30 day avg SOFR US + 2.29%, 2.29% Floor, 9.72% Cap) | 4.72% | 03/01/2053 | 19509300 |
| 23755459 | &nbsp;&nbsp;&nbsp;Pool BM7164 (30 day avg SOFR US + 2.27%, 2.27% Floor, 9.53% Cap) | 4.54% | 03/01/2053 | 23811422 |
| 7769431 | &nbsp;&nbsp;&nbsp;Pool BQ6432 | 2.00% | 08/01/2051 | 6158221 |
| 14813960 | &nbsp;&nbsp;&nbsp;Pool BQ6564 | 2.00% | 09/01/2051 | 11741749 |
| 26142712 | &nbsp;&nbsp;&nbsp;Pool BR2290 (30 day avg SOFR US + 2.12%, 2.12% Floor, 7.01% Cap) | 2.01% | 08/01/2051 | 24061973 |
| 5592000 | &nbsp;&nbsp;&nbsp;Pool BS2500 | 1.81% | 06/01/2030 | 5086825 |
| 3000000 | &nbsp;&nbsp;&nbsp;Pool BS2580 | 2.15% | 08/01/2033 | 2564916 |
| 9975000 | &nbsp;&nbsp;&nbsp;Pool BS2834 | 2.24% | 08/01/2041 | 7084140 |
| 34043000 | &nbsp;&nbsp;&nbsp;Pool BS3101 | 1.91% | 09/01/2033 | 28796314 |
| 2584541 | &nbsp;&nbsp;&nbsp;Pool BS3163 | 1.75% | 08/01/2030 | 2338073 |
| 19880000 | &nbsp;&nbsp;&nbsp;Pool BS3192 | 2.03% | 09/01/2036 | 15543050 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 16075277 | &nbsp;&nbsp;&nbsp;Pool BS3314 | 1.83% | 10/01/2033 | 13547565 |
| 25042000 | &nbsp;&nbsp;&nbsp;Pool BS3426 | 1.76% | 11/01/2031 | 21716752 |
| 12048000 | &nbsp;&nbsp;&nbsp;Pool BS3431 | 1.83% | 11/01/2033 | 10092913 |
| 6536000 | &nbsp;&nbsp;&nbsp;Pool BS3434 | 1.83% | 11/01/2033 | 5475372 |
| 32694000 | &nbsp;&nbsp;&nbsp;Pool BS3442 | 2.12% | 10/01/2036 | 25857101 |
| 7339000 | &nbsp;&nbsp;&nbsp;Pool BS3955 | 2.30% | 12/01/2036 | 5877721 |
| 48972000 | &nbsp;&nbsp;&nbsp;Pool BS4111 | 1.98% | 01/01/2032 | 43203896 |
| 46000000 | &nbsp;&nbsp;&nbsp;Pool BS4125 | 2.32% | 12/01/2031 | 41529088 |
| 20267579 | &nbsp;&nbsp;&nbsp;Pool BS4177 | 1.94% | 12/01/2031 | 17964978 |
| 12500000 | &nbsp;&nbsp;&nbsp;Pool BS4213 | 2.46% | 12/01/2036 | 10358037 |
| 18199000 | &nbsp;&nbsp;&nbsp;Pool BS4225 | 2.36% | 01/01/2037 | 14832616 |
| 19649298 | &nbsp;&nbsp;&nbsp;Pool BS4273 | 1.93% | 12/01/2031 | 17368808 |
| 33675000 | &nbsp;&nbsp;&nbsp;Pool BS4276 | 2.03% | 01/01/2032 | 29912402 |
| 51025000 | &nbsp;&nbsp;&nbsp;Pool BS4306 | 1.92% | 01/01/2032 | 44474978 |
| 26657881 | &nbsp;&nbsp;&nbsp;Pool BS4319 | 2.35% | 01/01/2039 | 21066952 |
| 30761000 | &nbsp;&nbsp;&nbsp;Pool BS4333 | 1.89% | 01/01/2032 | 26958859 |
| 12000000 | &nbsp;&nbsp;&nbsp;Pool BS4334 | 2.01% | 01/01/2034 | 10018978 |
| 17496869 | &nbsp;&nbsp;&nbsp;Pool BS4359 | 1.99% | 01/01/2032 | 15555464 |
| 53950000 | &nbsp;&nbsp;&nbsp;Pool BS4453 | 1.96% | 01/01/2032 | 47471642 |
| 51688000 | &nbsp;&nbsp;&nbsp;Pool BS4524 | 2.02% | 01/01/2032 | 45370624 |
| 41850000 | &nbsp;&nbsp;&nbsp;Pool BS4736 | 2.00% | 02/01/2032 | 36565954 |
| 24500000 | &nbsp;&nbsp;&nbsp;Pool BS4737 | 2.00% | 02/01/2032 | 21406592 |
| 20155000 | &nbsp;&nbsp;&nbsp;Pool BS4951 | 2.63% | 04/01/2032 | 18207987 |
| 10866371 | &nbsp;&nbsp;&nbsp;Pool BS5636 | 3.72% | 06/01/2032 | 10504973 |
| 6622072 | &nbsp;&nbsp;&nbsp;Pool BS5685 | 4.20% | 05/01/2052 | 5892659 |
| 8665000 | &nbsp;&nbsp;&nbsp;Pool BS6102 | 4.10% | 08/01/2032 | 8521342 |
| 4200000 | &nbsp;&nbsp;&nbsp;Pool BS6131 | 3.89% | 07/01/2032 | 4067888 |
| 3587270 | &nbsp;&nbsp;&nbsp;Pool BS6419 | 3.89% | 09/01/2032 | 3489472 |
| 24762678 | &nbsp;&nbsp;&nbsp;Pool BS6649 | 3.89% | 10/01/2032 | 23875952 |
| 159468000 | &nbsp;&nbsp;&nbsp;Pool BS6912 | 4.33% | 12/01/2032 | 157429245 |
| 4131000 | &nbsp;&nbsp;&nbsp;Pool BS7305 | 5.22% | 01/01/2032 | 4301691 |
| 7863000 | &nbsp;&nbsp;&nbsp;Pool BS7410 | 5.48% | 01/01/2033 | 8200498 |
| 3243369 | &nbsp;&nbsp;&nbsp;Pool BS7503 | 4.87% | 04/01/2031 | 3330338 |
| 10467000 | &nbsp;&nbsp;&nbsp;Pool BS8014 | 4.84% | 03/01/2033 | 10685191 |
| 8333000 | &nbsp;&nbsp;&nbsp;Pool BS8657 | 5.10% | 06/01/2030 | 8596896 |
| 5508796 | &nbsp;&nbsp;&nbsp;Pool BS8987 | 5.15% | 07/01/2040 | 5644172 |
| 18182291 | &nbsp;&nbsp;&nbsp;Pool BS9321 | 5.27% | 08/01/2040 | 18831353 |
| 1499580 | &nbsp;&nbsp;&nbsp;Pool BT6556 | 2.00% | 07/01/2051 | 1188573 |
| 9274065 | &nbsp;&nbsp;&nbsp;Pool BV8021 | 4.50% | 08/01/2052 | 9104530 |
| 15847526 | &nbsp;&nbsp;&nbsp;Pool BV8479 | 3.00% | 04/01/2052 | 14176721 |
| 31011145 | &nbsp;&nbsp;&nbsp;Pool BV9869 | 3.00% | 05/01/2052 | 27474400 |
| 10550000 | &nbsp;&nbsp;&nbsp;Pool BZ0079 | 5.21% | 01/01/2034 | 11067377 |
| 27755000 | &nbsp;&nbsp;&nbsp;Pool BZ0115 | 5.27% | 12/01/2033 | 29203248 |
| 14016000 | &nbsp;&nbsp;&nbsp;Pool BZ0452 | 5.36% | 02/01/2054 | 13750833 |
| 135297000 | &nbsp;&nbsp;&nbsp;Pool BZ1178 | 5.81% | 06/01/2031 | 140673658 |
| 49221000 | &nbsp;&nbsp;&nbsp;Pool BZ2148 | 4.40% | 10/01/2029 | 49516051 |
| 21450000 | &nbsp;&nbsp;&nbsp;Pool BZ2151 | 4.40% | 10/01/2029 | 21578580 |
| 16000000 | &nbsp;&nbsp;&nbsp;Pool BZ3061 | 5.26% | 02/01/2030 | 16220674 |
| 6343640 | &nbsp;&nbsp;&nbsp;Pool CA0862 | 3.50% | 09/01/2047 | 5976753 |
| 3440193 | &nbsp;&nbsp;&nbsp;Pool CA3898 | 3.00% | 07/01/2034 | 3353629 |
| 3589222 | &nbsp;&nbsp;&nbsp;Pool CA4413 | 3.00% | 10/01/2049 | 3176788 |
| 31362061 | &nbsp;&nbsp;&nbsp;Pool CA7235 | 2.50% | 10/01/2050 | 27006628 |
| 10159801 | &nbsp;&nbsp;&nbsp;Pool CA7671 | 2.50% | 11/01/2040 | 9220228 |
| 17698952 | &nbsp;&nbsp;&nbsp;Pool CA7789 | 2.50% | 11/01/2040 | 15937084 |
| 13521932 | &nbsp;&nbsp;&nbsp;Pool CB0189 | 3.00% | 04/01/2051 | 12125284 |
| 12906704 | &nbsp;&nbsp;&nbsp;Pool CB1055 (30 day avg SOFR US + 2.22%, 2.22% Floor, 6.86% Cap) | 1.86% | 07/01/2051 | 11845340 |
| 2799665 | &nbsp;&nbsp;&nbsp;Pool CB1648 | 2.00% | 09/01/2051 | 2219079 |
| 59483484 | &nbsp;&nbsp;&nbsp;Pool CB3116 | 3.00% | 03/01/2052 | 53354436 |
| 54132815 | &nbsp;&nbsp;&nbsp;Pool CB3166 | 3.00% | 03/01/2052 | 48481785 |
| 11528633 | &nbsp;&nbsp;&nbsp;Pool CB3332 | 3.50% | 04/01/2052 | 10764119 |
| 80165115 | &nbsp;&nbsp;&nbsp;Pool CB4291 | 5.00% | 08/01/2052 | 80419126 |
| 39002493 | &nbsp;&nbsp;&nbsp;Pool CB4347 | 5.00% | 08/01/2052 | 39693791 |
| 45461592 | &nbsp;&nbsp;&nbsp;Pool CB4391 | 4.50% | 08/01/2052 | 44643200 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 58082845 | &nbsp;&nbsp;&nbsp;Pool CB5221 | 5.00% | 12/01/2052 | 58260876 |
| 32852202 | &nbsp;&nbsp;&nbsp;Pool CB7272 | 6.00% | 10/01/2053 | 34187605 |
| 21325117 | &nbsp;&nbsp;&nbsp;Pool CB7335 | 5.50% | 10/01/2053 | 21941744 |
| 15508065 | &nbsp;&nbsp;&nbsp;Pool CB7433 | 5.50% | 11/01/2053 | 15957476 |
| 25458823 | &nbsp;&nbsp;&nbsp;Pool CB7781 | 5.50% | 01/01/2054 | 25899807 |
| 39295386 | &nbsp;&nbsp;&nbsp;Pool CB7996 | 6.00% | 02/01/2054 | 40996916 |
| 36994100 | &nbsp;&nbsp;&nbsp;Pool CB8138 | 5.50% | 03/01/2054 | 37961165 |
| 36567426 | &nbsp;&nbsp;&nbsp;Pool CB8680 | 5.50% | 06/01/2054 | 37505381 |
| 48375078 | &nbsp;&nbsp;&nbsp;Pool CB8692 | 5.50% | 06/01/2054 | 49861444 |
| 67671702 | &nbsp;&nbsp;&nbsp;Pool CB8845 | 5.50% | 07/01/2054 | 69750963 |
| 61915180 | &nbsp;&nbsp;&nbsp;Pool CB8851 | 6.00% | 07/01/2054 | 64498601 |
| 50169217 | &nbsp;&nbsp;&nbsp;Pool CB8986 | 5.50% | 08/01/2054 | 51602828 |
| 48363517 | &nbsp;&nbsp;&nbsp;Pool CB9138 | 5.50% | 09/01/2054 | 49745538 |
| 24934540 | &nbsp;&nbsp;&nbsp;Pool CB9139 | 5.50% | 09/01/2054 | 25559428 |
| 94840489 | &nbsp;&nbsp;&nbsp;Pool CB9147 | 5.50% | 09/01/2054 | 97754561 |
| 45696909 | &nbsp;&nbsp;&nbsp;Pool CB9321 | 5.50% | 10/01/2054 | 47002726 |
| 19736636 | &nbsp;&nbsp;&nbsp;Pool CB9331 | 5.50% | 10/01/2054 | 20343079 |
| 33799236 | &nbsp;&nbsp;&nbsp;Pool CC1232 | 5.50% | 10/01/2055 | 34829954 |
| 20904240 | &nbsp;&nbsp;&nbsp;Pool FA0475 | 5.50% | 12/01/2054 | 21360300 |
| 60840526 | &nbsp;&nbsp;&nbsp;Pool FA1477 | 5.50% | 04/01/2055 | 62336156 |
| 53479051 | &nbsp;&nbsp;&nbsp;Pool FA3823 | 5.00% | 12/01/2055 | 53901045 |
| 38488913 | &nbsp;&nbsp;&nbsp;Pool FM1000 | 3.00% | 04/01/2047 | 34942984 |
| 20004831 | &nbsp;&nbsp;&nbsp;Pool FM4347 | 2.50% | 09/01/2050 | 17175212 |
| 36914822 | &nbsp;&nbsp;&nbsp;Pool FM4752 | 2.50% | 11/01/2050 | 31963258 |
| 39511909 | &nbsp;&nbsp;&nbsp;Pool FM4792 | 2.50% | 11/01/2050 | 34024793 |
| 21984084 | &nbsp;&nbsp;&nbsp;Pool FM4913 | 2.50% | 11/01/2050 | 18942342 |
| 29121941 | &nbsp;&nbsp;&nbsp;Pool FM5150 | 2.00% | 12/01/2050 | 23923890 |
| 4192694 | &nbsp;&nbsp;&nbsp;Pool FM6864 | 1.50% | 04/01/2041 | 3551343 |
| 53142077 | &nbsp;&nbsp;&nbsp;Pool FM7557 | 3.50% | 03/01/2050 | 49894039 |
| 23831297 | &nbsp;&nbsp;&nbsp;Pool FM8158 | 2.50% | 07/01/2051 | 20730735 |
| 53895062 | &nbsp;&nbsp;&nbsp;Pool FM8215 | 2.50% | 03/01/2051 | 46547098 |
| 38927646 | &nbsp;&nbsp;&nbsp;Pool FM8304 | 4.00% | 07/01/2049 | 37610864 |
| 51892994 | &nbsp;&nbsp;&nbsp;Pool FM8435 | 2.50% | 09/01/2051 | 44972666 |
| 93403041 | &nbsp;&nbsp;&nbsp;Pool FM8533 | 2.50% | 03/01/2051 | 80886328 |
| 58811155 | &nbsp;&nbsp;&nbsp;Pool FM8769 | 2.50% | 09/01/2051 | 50967868 |
| 31330752 | &nbsp;&nbsp;&nbsp;Pool FM8780 | 2.50% | 09/01/2051 | 27021528 |
| 9001846 | &nbsp;&nbsp;&nbsp;Pool FM9422 | 2.00% | 01/01/2051 | 7357353 |
| 25726898 | &nbsp;&nbsp;&nbsp;Pool FM9490 | 2.00% | 11/01/2051 | 21236546 |
| 32633104 | &nbsp;&nbsp;&nbsp;Pool FP0043 | 2.00% | 10/01/2050 | 26654335 |
| 28254791 | &nbsp;&nbsp;&nbsp;Pool FP0088 | 2.00% | 10/01/2051 | 23010668 |
| 29857040 | &nbsp;&nbsp;&nbsp;Pool FS0009 | 3.50% | 11/01/2051 | 27712979 |
| 11585051 | &nbsp;&nbsp;&nbsp;Pool FS0400 | 3.00% | 01/01/2052 | 10444460 |
| 44557412 | &nbsp;&nbsp;&nbsp;Pool FS1472 | 3.50% | 11/01/2050 | 41628496 |
| 75014438 | &nbsp;&nbsp;&nbsp;Pool FS2320 | 2.50% | 04/01/2051 | 63872258 |
| 14561584 | &nbsp;&nbsp;&nbsp;Pool FS2588 | 4.50% | 08/01/2052 | 14299443 |
| 13702199 | &nbsp;&nbsp;&nbsp;Pool FS2837 | 4.00% | 09/01/2052 | 13084244 |
| 12794733 | &nbsp;&nbsp;&nbsp;Pool FS5618 | 5.50% | 08/01/2053 | 13273097 |
| 43098690 | &nbsp;&nbsp;&nbsp;Pool FS5987 | 2.50% | 04/01/2051 | 37335118 |
| 32312677 | &nbsp;&nbsp;&nbsp;Pool FS6232 | 2.00% | 03/01/2052 | 26670193 |
| 14878292 | &nbsp;&nbsp;&nbsp;Pool FS6422 | 6.00% | 11/01/2053 | 15659477 |
| 57199994 | &nbsp;&nbsp;&nbsp;Pool FS6582 | 6.00% | 12/01/2053 | 59627449 |
| 20585516 | &nbsp;&nbsp;&nbsp;Pool FS6843 | 6.00% | 01/01/2054 | 21478881 |
| 43958124 | &nbsp;&nbsp;&nbsp;Pool FS7114 | 5.50% | 02/01/2054 | 45308611 |
| 32750668 | &nbsp;&nbsp;&nbsp;Pool FS7252 | 5.00% | 11/01/2053 | 32791989 |
| 28834716 | &nbsp;&nbsp;&nbsp;Pool FS8152 | 6.00% | 06/01/2054 | 29950694 |
| 24631971 | &nbsp;&nbsp;&nbsp;Pool FS8643 | 6.00% | 07/01/2054 | 25705846 |
| 25235719 | &nbsp;&nbsp;&nbsp;Pool FS8999 | 6.00% | 08/01/2054 | 26371019 |
| 13337068 | &nbsp;&nbsp;&nbsp;Pool FS9026 | 5.50% | 09/01/2053 | 13725496 |
| 19416388 | &nbsp;&nbsp;&nbsp;Pool FS9671 | 5.50% | 11/01/2054 | 20012979 |
| 328115 | &nbsp;&nbsp;&nbsp;Pool MA0264 | 4.50% | 12/01/2029 | 330702 |
| 1182676 | &nbsp;&nbsp;&nbsp;Pool MA0353 | 4.50% | 03/01/2030 | 1192340 |
| 244515 | &nbsp;&nbsp;&nbsp;Pool MA0406 | 4.50% | 05/01/2030 | 246548 |
| 32006 | &nbsp;&nbsp;&nbsp;Pool MA0445 | 5.00% | 06/01/2040 | 31809 |
| 63084 | &nbsp;&nbsp;&nbsp;Pool MA0468 | 5.00% | 07/01/2040 | 62695 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 389316 | &nbsp;&nbsp;&nbsp;Pool MA0534 | 4.00% | 10/01/2030 | 388350 |
| 91953 | &nbsp;&nbsp;&nbsp;Pool MA0587 | 4.00% | 12/01/2030 | 91776 |
| 2433308 | &nbsp;&nbsp;&nbsp;Pool MA0616 | 4.00% | 01/01/2031 | 2428273 |
| 922825 | &nbsp;&nbsp;&nbsp;Pool MA0896 | 4.00% | 11/01/2041 | 888285 |
| 8594516 | &nbsp;&nbsp;&nbsp;Pool MA0949 | 3.50% | 01/01/2032 | 8477967 |
| 5208732 | &nbsp;&nbsp;&nbsp;Pool MA1010 | 3.50% | 03/01/2032 | 5136037 |
| 1421071 | &nbsp;&nbsp;&nbsp;Pool MA1039 | 3.50% | 04/01/2042 | 1340940 |
| 7082058 | &nbsp;&nbsp;&nbsp;Pool MA1059 | 3.50% | 05/01/2032 | 6980369 |
| 955172 | &nbsp;&nbsp;&nbsp;Pool MA1068 | 3.50% | 05/01/2042 | 901303 |
| 2579699 | &nbsp;&nbsp;&nbsp;Pool MA1093 | 3.50% | 06/01/2042 | 2427816 |
| 1749172 | &nbsp;&nbsp;&nbsp;Pool MA1094 | 4.00% | 06/01/2042 | 1679372 |
| 9784615 | &nbsp;&nbsp;&nbsp;Pool MA1107 | 3.50% | 07/01/2032 | 9640129 |
| 23625599 | &nbsp;&nbsp;&nbsp;Pool MA1117 | 3.50% | 07/01/2042 | 22234480 |
| 23054284 | &nbsp;&nbsp;&nbsp;Pool MA1136 | 3.50% | 08/01/2042 | 21696950 |
| 6839547 | &nbsp;&nbsp;&nbsp;Pool MA1138 | 3.50% | 08/01/2032 | 6761889 |
| 6928210 | &nbsp;&nbsp;&nbsp;Pool MA1179 | 3.50% | 09/01/2042 | 6520290 |
| 1333924 | &nbsp;&nbsp;&nbsp;Pool MA1201 | 3.50% | 10/01/2032 | 1313428 |
| 11858854 | &nbsp;&nbsp;&nbsp;Pool MA1209 | 3.50% | 10/01/2042 | 11160578 |
| 9050236 | &nbsp;&nbsp;&nbsp;Pool MA1237 | 3.00% | 11/01/2032 | 8772369 |
| 1096857 | &nbsp;&nbsp;&nbsp;Pool MA1242 | 3.50% | 11/01/2042 | 1032271 |
| 5161325 | &nbsp;&nbsp;&nbsp;Pool MA1338 | 3.00% | 02/01/2033 | 4998529 |
| 2838203 | &nbsp;&nbsp;&nbsp;Pool MA1490 | 3.00% | 07/01/2033 | 2752611 |
| 4099070 | &nbsp;&nbsp;&nbsp;Pool MA2114 | 3.50% | 12/01/2044 | 3847331 |
| 3014993 | &nbsp;&nbsp;&nbsp;Pool MA2151 | 3.50% | 01/01/2045 | 2829827 |
| 9006764 | &nbsp;&nbsp;&nbsp;Pool MA2164 | 3.50% | 02/01/2035 | 8798531 |
| 8434999 | &nbsp;&nbsp;&nbsp;Pool MA2166 | 3.50% | 02/01/2045 | 7916943 |
| 8778449 | &nbsp;&nbsp;&nbsp;Pool MA2248 | 3.00% | 04/01/2045 | 7867680 |
| 11506364 | &nbsp;&nbsp;&nbsp;Pool MA2621 | 3.50% | 05/01/2046 | 10757779 |
| 13318003 | &nbsp;&nbsp;&nbsp;Pool MA2649 | 3.00% | 06/01/2046 | 11853704 |
| 12180897 | &nbsp;&nbsp;&nbsp;Pool MA2650 | 3.50% | 06/01/2046 | 11432733 |
| 4150997 | &nbsp;&nbsp;&nbsp;Pool MA2673 | 3.00% | 07/01/2046 | 3694599 |
| 14994149 | &nbsp;&nbsp;&nbsp;Pool MA2711 | 3.00% | 08/01/2046 | 13345588 |
| 1419609 | &nbsp;&nbsp;&nbsp;Pool MA2743 | 3.00% | 09/01/2046 | 1263518 |
| 33298753 | &nbsp;&nbsp;&nbsp;Pool MA2806 | 3.00% | 11/01/2046 | 30238403 |
| 10760635 | &nbsp;&nbsp;&nbsp;Pool MA2833 | 3.00% | 12/01/2046 | 9783861 |
| 13651888 | &nbsp;&nbsp;&nbsp;Pool MA2895 | 3.00% | 02/01/2047 | 12333271 |
| 7909402 | &nbsp;&nbsp;&nbsp;Pool MA3614 | 3.50% | 03/01/2049 | 7403337 |
| 1209029 | &nbsp;&nbsp;&nbsp;Pool MA3894 | 4.00% | 09/01/2031 | 1205768 |
| 30924016 | &nbsp;&nbsp;&nbsp;Pool MA4100 | 2.00% | 08/01/2050 | 25204225 |
| 68071536 | &nbsp;&nbsp;&nbsp;Pool MA4191 | 2.00% | 11/01/2050 | 53786328 |
| 80149068 | &nbsp;&nbsp;&nbsp;Pool MA4306 | 2.50% | 04/01/2051 | 68430653 |
| 15919653 | &nbsp;&nbsp;&nbsp;Pool MA5480 | 5.50% | 09/01/2044 | 16447096 |
| 45437804 | &nbsp;&nbsp;&nbsp;Pool MA5503 | 5.50% | 10/01/2044 | 46300979 |
| 21911919 | &nbsp;&nbsp;&nbsp;Pool MA5806 | 5.50% | 08/01/2045 | 22337177 |
| 170302 | &nbsp;&nbsp;&nbsp;Series 2002-70-QZ | 5.50% | 11/25/2032 | 175354 |
| 250792 | &nbsp;&nbsp;&nbsp;Series 2002-75-ZG | 5.50% | 11/25/2032 | 257896 |
| 655578 | &nbsp;&nbsp;&nbsp;Series 2003-29-ZL | 5.00% | 04/25/2033 | 669489 |
| 311592 | &nbsp;&nbsp;&nbsp;Series 2003-64-ZG | 5.50% | 07/25/2033 | 321585 |
| 2609371 | &nbsp;&nbsp;&nbsp;Series 2003-84-PZ | 5.00% | 09/25/2033 | 2673302 |
| 15131 | &nbsp;&nbsp;&nbsp;Series 2004-46-PJ (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(f)(g)</sup> | 03/25/2034 | 21 |
| 729081 | &nbsp;&nbsp;&nbsp;Series 2004-51-XP (-1 x 30 day avg SOFR US + 7.59%, 0.00% Floor, 7.70% Cap) | 3.71 %<sup>(f)(g)</sup> | 07/25/2034 | 90186 |
| 121279 | &nbsp;&nbsp;&nbsp;Series 2005-37-ZK | 4.50% | 05/25/2035 | 119935 |
| 1164894 | &nbsp;&nbsp;&nbsp;Series 2006-101-SA (-1 x 30 day avg SOFR US + 6.47%, 0.00% Floor, 6.58% Cap) | 2.59 %<sup>(f)(g)</sup> | 10/25/2036 | 150559 |
| 502538 | &nbsp;&nbsp;&nbsp;Series 2006-123-LI (-1 x 30 day avg SOFR US + 6.21%, 0.00% Floor, 6.32% Cap) | 2.33 %<sup>(f)(g)</sup> | 01/25/2037 | 60585 |
| 216404 | &nbsp;&nbsp;&nbsp;Series 2006-16-HZ | 5.50% | 03/25/2036 | 224304 |
| 1746827 | &nbsp;&nbsp;&nbsp;Series 2006-56-SM (-1 x 30 day avg SOFR US + 6.64%, 0.00% Floor, 6.75% Cap) | 2.76 %<sup>(f)(g)</sup> | 07/25/2036 | 159900 |
| 215640 | &nbsp;&nbsp;&nbsp;Series 2006-93-SN (-1 x 30 day avg SOFR US + 6.49%, 0.00% Floor, 6.60% Cap) | 2.61 %<sup>(f)(g)</sup> | 10/25/2036 | 15847 |
| 2469234 | &nbsp;&nbsp;&nbsp;Series 2007-109-VZ | 5.00% | 10/25/2035 | 2519233 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 318352 | &nbsp;&nbsp;&nbsp;Series 2007-116-BI (-1 x 30 day avg SOFR US + 6.14%, 0.00% Floor, 6.25% Cap) | 2.26 %<sup>(f)(g)</sup> | 05/25/2037 | 27258 |
| 1881111 | &nbsp;&nbsp;&nbsp;Series 2007-14-PS (-1 x 30 day avg SOFR US + 6.70%, 0.00% Floor, 6.81% Cap) | 2.82 %<sup>(f)(g)</sup> | 03/25/2037 | 246563 |
| 975634 | &nbsp;&nbsp;&nbsp;Series 2007-30-OI (-1 x 30 day avg SOFR US + 6.33%, 0.00% Floor, 6.44% Cap) | 2.45 %<sup>(f)(g)</sup> | 04/25/2037 | 120578 |
| 106376 | &nbsp;&nbsp;&nbsp;Series 2007-30-SI (-1 x 30 day avg SOFR US + 6.00%, 0.00% Floor, 6.11% Cap) | 2.12 %<sup>(f)(g)</sup> | 04/25/2037 | 8201 |
| 837278 | &nbsp;&nbsp;&nbsp;Series 2007-32-SG (-1 x 30 day avg SOFR US + 5.99%, 0.00% Floor, 6.10% Cap) | 2.11 %<sup>(f)(g)</sup> | 04/25/2037 | 76017 |
| 776154 | &nbsp;&nbsp;&nbsp;Series 2007-57-SX (-1 x 30 day avg SOFR US + 6.51%, 0.00% Floor, 6.62% Cap) | 2.63 %<sup>(f)(g)</sup> | 10/25/2036 | 85622 |
| 1445515 | &nbsp;&nbsp;&nbsp;Series 2007-60-VZ | 6.00% | 07/25/2037 | 1526285 |
| 661574 | &nbsp;&nbsp;&nbsp;Series 2007-71-GZ | 6.00% | 07/25/2047 | 705020 |
| 1013688 | &nbsp;&nbsp;&nbsp;Series 2007-75-ID (-1 x 30 day avg SOFR US + 5.76%, 0.00% Floor, 5.87% Cap) | 1.88 %<sup>(f)(g)</sup> | 08/25/2037 | 116482 |
| 153681 | &nbsp;&nbsp;&nbsp;Series 2007-9-SD (-1 x 30 day avg SOFR US + 6.54%, 0.00% Floor, 6.65% Cap) | 2.66 %<sup>(f)(g)</sup> | 03/25/2037 | 10295 |
| 1019084 | &nbsp;&nbsp;&nbsp;Series 2008-29-ZA | 4.50% | 04/25/2038 | 1023115 |
| 2010482 | &nbsp;&nbsp;&nbsp;Series 2008-48-BE | 5.00% | 06/25/2034 | 2060001 |
| 267845 | &nbsp;&nbsp;&nbsp;Series 2008-5-MS (-1 x 30 day avg SOFR US + 6.14%, 0.00% Floor, 6.25% Cap) | 2.26 %<sup>(f)(g)</sup> | 02/25/2038 | 20119 |
| 91439 | &nbsp;&nbsp;&nbsp;Series 2008-53-LI (-1 x 30 day avg SOFR US + 6.04%, 0.00% Floor, 6.15% Cap) | 2.16 %<sup>(f)(g)</sup> | 07/25/2038 | 7298 |
| 214724 | &nbsp;&nbsp;&nbsp;Series 2008-57-SE (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(f)(g)</sup> | 02/25/2037 | 16809 |
| 200520 | &nbsp;&nbsp;&nbsp;Series 2008-61-SC (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(f)(g)</sup> | 07/25/2038 | 9560 |
| 174830 | &nbsp;&nbsp;&nbsp;Series 2008-62-SC (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(f)(g)</sup> | 07/25/2038 | 11330 |
| 567833 | &nbsp;&nbsp;&nbsp;Series 2008-65-SA (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(f)(g)</sup> | 08/25/2038 | 56845 |
| 138894 | &nbsp;&nbsp;&nbsp;Series 2008-81-LP | 5.50% | 09/25/2038 | 144751 |
| 1331733 | &nbsp;&nbsp;&nbsp;Series 2009-106-EZ | 4.50% | 01/25/2040 | 1333585 |
| 198480 | &nbsp;&nbsp;&nbsp;Series 2009-111-SE (-1 x 30 day avg SOFR US + 6.14%, 0.00% Floor, 6.25% Cap) | 2.26 %<sup>(f)(g)</sup> | 01/25/2040 | 22200 |
| 64069 | &nbsp;&nbsp;&nbsp;Series 2009-16-MZ | 5.00% | 03/25/2029 | 64037 |
| 486457 | &nbsp;&nbsp;&nbsp;Series 2009-42-SI (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(f)(g)</sup> | 06/25/2039 | 42253 |
| 192338 | &nbsp;&nbsp;&nbsp;Series 2009-47-SA (-1 x 30 day avg SOFR US + 5.99%, 0.00% Floor, 6.10% Cap) | 2.11 %<sup>(f)(g)</sup> | 07/25/2039 | 10352 |
| 149645 | &nbsp;&nbsp;&nbsp;Series 2009-48-WS (-1 x 30 day avg SOFR US + 5.84%, 0.00% Floor, 5.95% Cap) | 1.96 %<sup>(f)(g)</sup> | 07/25/2039 | 13498 |
| 1369803 | &nbsp;&nbsp;&nbsp;Series 2009-49-S (-1 x 30 day avg SOFR US + 6.64%, 0.00% Floor, 6.75% Cap) | 2.76 %<sup>(f)(g)</sup> | 07/25/2039 | 147207 |
| 190288 | &nbsp;&nbsp;&nbsp;Series 2009-51-BZ | 4.50% | 07/25/2039 | 190696 |
| 251567 | &nbsp;&nbsp;&nbsp;Series 2009-54-EZ | 5.00% | 07/25/2039 | 255880 |
| 1051940 | &nbsp;&nbsp;&nbsp;Series 2009-80-PM | 4.50% | 10/25/2039 | 1052777 |
| 980904 | &nbsp;&nbsp;&nbsp;Series 2009-83-Z | 4.50% | 10/25/2039 | 981790 |
| 3252641 | &nbsp;&nbsp;&nbsp;Series 2009-85-ES (-1 x 30 day avg SOFR US + 7.12%, 0.00% Floor, 7.23% Cap) | 3.24 %<sup>(f)(g)</sup> | 01/25/2036 | 329744 |
| 5918664 | &nbsp;&nbsp;&nbsp;Series 2009-85-JS (-1 x 30 day avg SOFR US + 6.64%, 0.00% Floor, 6.75% Cap) | 2.76 %<sup>(f)(g)</sup> | 10/25/2039 | 706754 |
| 357892 | &nbsp;&nbsp;&nbsp;Series 2009-90-IB (-1 x 30 day avg SOFR US + 5.61%, 0.00% Floor, 5.72% Cap) | 1.73 %<sup>(f)(g)</sup> | 04/25/2037 | 23759 |
| 144767 | &nbsp;&nbsp;&nbsp;Series 2009-94-BC | 5.00% | 11/25/2039 | 148870 |
| 1506091 | &nbsp;&nbsp;&nbsp;Series 2010-10-SA (-1 x 30 day avg SOFR US + 6.24%, 0.00% Floor, 6.35% Cap) | 2.36 %<sup>(f)(g)</sup> | 02/25/2040 | 161173 |
| 528788 | &nbsp;&nbsp;&nbsp;Series 2010-10-ZA | 4.50% | 02/25/2040 | 528985 |
| 4267411 | &nbsp;&nbsp;&nbsp;Series 2010-101-SA (-1 x 30 day avg SOFR US + 4.37%, 0.00% Floor, 4.48% Cap) | 0.49 %<sup>(f)(g)</sup> | 09/25/2040 | 149199 |
| 2232760 | &nbsp;&nbsp;&nbsp;Series 2010-101-ZC | 4.50% | 09/25/2040 | 2231061 |
| 671790 | &nbsp;&nbsp;&nbsp;Series 2010-111-S (-1 x 30 day avg SOFR US + 5.84%, 0.00% Floor, 5.95% Cap) | 1.96 %<sup>(f)(g)</sup> | 10/25/2050 | 62404 |
| 840910 | &nbsp;&nbsp;&nbsp;Series 2010-116-Z | 4.00% | 10/25/2040 | 817974 |
| 619958 | &nbsp;&nbsp;&nbsp;Series 2010-120-KD | 4.00% | 10/25/2040 | 601585 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 242685 | &nbsp;&nbsp;&nbsp;Series 2010-126-SU (-11 x 30 day avg SOFR US + 53.74%, 0.00% Floor, 55.00% Cap) | 9.47 %<sup>(g)</sup> | 11/25/2040 | 290730 |
| 920343 | &nbsp;&nbsp;&nbsp;Series 2010-128-HZ | 4.00% | 11/25/2040 | 894411 |
| 511737 | &nbsp;&nbsp;&nbsp;Series 2010-132-Z | 4.50% | 11/25/2040 | 510507 |
| 73231 | &nbsp;&nbsp;&nbsp;Series 2010-137-VS (-3 x 30 day avg SOFR US + 14.66%, 0.00% Floor, 15.00% Cap) | 2.58 %<sup>(g)</sup> | 12/25/2040 | 74605 |
| 3743155 | &nbsp;&nbsp;&nbsp;Series 2010-142-AZ | 4.00% | 12/25/2040 | 3650704 |
| 2434737 | &nbsp;&nbsp;&nbsp;Series 2010-16-SA (-1 x 30 day avg SOFR US + 5.34%, 0.00% Floor, 5.45% Cap) | 1.46 %<sup>(f)(g)</sup> | 03/25/2040 | 170790 |
| 634322 | &nbsp;&nbsp;&nbsp;Series 2010-2-MS (-1 x 30 day avg SOFR US + 6.14%, 0.00% Floor, 6.25% Cap) | 2.26 %<sup>(f)(g)</sup> | 02/25/2050 | 82388 |
| 934925 | &nbsp;&nbsp;&nbsp;Series 2010-21-DZ | 5.00% | 03/25/2040 | 954933 |
| 417200 | &nbsp;&nbsp;&nbsp;Series 2010-21-KS (-1 x 30 day avg SOFR US + 4.84%, 0.00% Floor, 4.95% Cap) | 0.96 %<sup>(f)(g)</sup> | 03/25/2040 | 21693 |
| 408068 | &nbsp;&nbsp;&nbsp;Series 2010-31-SA (-1 x 30 day avg SOFR US + 4.89%, 0.00% Floor, 5.00% Cap) | 1.01 %<sup>(f)(g)</sup> | 04/25/2040 | 25658 |
| 519381 | &nbsp;&nbsp;&nbsp;Series 2010-34-PS (-1 x 30 day avg SOFR US + 4.82%, 0.00% Floor, 4.93% Cap) | 0.94 %<sup>(f)(g)</sup> | 04/25/2040 | 26562 |
| 120974 | &nbsp;&nbsp;&nbsp;Series 2010-35-ES (-1 x 30 day avg SOFR US + 6.34%, 0.00% Floor, 6.45% Cap) | 2.46 %<sup>(f)(g)</sup> | 04/25/2040 | 4443 |
| 35808 | &nbsp;&nbsp;&nbsp;Series 2010-35-SV (-1 x 30 day avg SOFR US + 6.34%, 0.00% Floor, 6.45% Cap) | 2.46 %<sup>(f)(g)</sup> | 04/25/2040 | 734 |
| 515663 | &nbsp;&nbsp;&nbsp;Series 2010-4-SK (-1 x 30 day avg SOFR US + 6.12%, 0.00% Floor, 6.23% Cap) | 2.24 %<sup>(f)(g)</sup> | 02/25/2040 | 45295 |
| 479497 | &nbsp;&nbsp;&nbsp;Series 2010-46-MS (-1 x 30 day avg SOFR US + 4.84%, 0.00% Floor, 4.95% Cap) | 0.96 %<sup>(f)(g)</sup> | 05/25/2040 | 25121 |
| 2708248 | &nbsp;&nbsp;&nbsp;Series 2010-49-ZW | 4.50% | 05/25/2040 | 2712364 |
| 266046 | &nbsp;&nbsp;&nbsp;Series 2010-58-ES (-3 x 30 day avg SOFR US + 12.18%, 0.00% Floor, 12.47% Cap) | 2.21 %<sup>(g)</sup> | 06/25/2040 | 265925 |
| 1739052 | &nbsp;&nbsp;&nbsp;Series 2010-59-MS (-1 x 30 day avg SOFR US + 5.66%, 0.00% Floor, 5.77% Cap) | 1.78 %<sup>(f)(g)</sup> | 06/25/2040 | 162794 |
| 132114 | &nbsp;&nbsp;&nbsp;Series 2010-60-VZ | 5.00% | 10/25/2039 | 135401 |
| 144681 | &nbsp;&nbsp;&nbsp;Series 2010-61-EL | 4.50% | 06/25/2040 | 146012 |
| 1951366 | &nbsp;&nbsp;&nbsp;Series 2010-64-EZ | 5.00% | 06/25/2040 | 1995755 |
| 1379439 | &nbsp;&nbsp;&nbsp;Series 2010-79-CZ | 4.00% | 07/25/2040 | 1341754 |
| 762392 | &nbsp;&nbsp;&nbsp;Series 2010-84-ZC | 4.50% | 08/25/2040 | 762655 |
| 1524782 | &nbsp;&nbsp;&nbsp;Series 2010-84-ZD | 4.50% | 08/25/2040 | 1525308 |
| 2038377 | &nbsp;&nbsp;&nbsp;Series 2010-84-ZG | 4.50% | 08/25/2040 | 2037871 |
| 313821 | &nbsp;&nbsp;&nbsp;Series 2010-9-DS (-1 x 30 day avg SOFR US + 5.19%, 0.50% Floor, 5.30% Cap) | 1.31 %<sup>(f)(g)</sup> | 02/25/2040 | 19754 |
| 590194 | &nbsp;&nbsp;&nbsp;Series 2010-94-Z | 4.50% | 08/25/2040 | 588228 |
| 2525281 | &nbsp;&nbsp;&nbsp;Series 2010-99-SG (-5 x 30 day avg SOFR US + 24.43%, 0.00% Floor, 25.00% Cap) | 4.30 %<sup>(g)</sup> | 09/25/2040 | 2676884 |
| 520021 | &nbsp;&nbsp;&nbsp;Series 2011-110-LS (-2 x 30 day avg SOFR US + 9.87%, 0.00% Floor, 10.10% Cap) | 1.82 %<sup>(g)</sup> | 11/25/2041 | 436069 |
| 1370132 | &nbsp;&nbsp;&nbsp;Series 2011-111-CZ | 4.00% | 11/25/2041 | 1330394 |
| 2765188 | &nbsp;&nbsp;&nbsp;Series 2011-111-EZ | 5.00% | 11/25/2041 | 2823874 |
| 782339 | &nbsp;&nbsp;&nbsp;Series 2011-111-VZ | 4.00% | 11/25/2041 | 759162 |
| 150856 | &nbsp;&nbsp;&nbsp;Series 2011-17-SA (-1 x 30 day avg SOFR US + 6.36%, 0.00% Floor, 6.47% Cap) | 2.48 %<sup>(f)(g)</sup> | 03/25/2041 | 11913 |
| 2560330 | &nbsp;&nbsp;&nbsp;Series 2011-2-GZ | 4.00% | 02/25/2041 | 2505458 |
| 20507 | &nbsp;&nbsp;&nbsp;Series 2011-25-KY | 3.00% | 04/25/2026 | 20446 |
| 1061961 | &nbsp;&nbsp;&nbsp;Series 2011-27-BS (-2 x 30 day avg SOFR US + 8.77%, 0.00% Floor, 9.00% Cap) | 0.72 %<sup>(g)</sup> | 04/25/2041 | 947974 |
| 1078390 | &nbsp;&nbsp;&nbsp;Series 2011-36-VZ | 4.50% | 05/25/2041 | 1076780 |
| 2479183 | &nbsp;&nbsp;&nbsp;Series 2011-37-Z | 4.50% | 05/25/2041 | 2481457 |
| 3512944 | &nbsp;&nbsp;&nbsp;Series 2011-38-BZ | 4.00% | 05/25/2041 | 3490919 |
| 29916 | &nbsp;&nbsp;&nbsp;Series 2011-39-CB | 3.00% | 05/25/2026 | 29817 |
| 2949054 | &nbsp;&nbsp;&nbsp;Series 2011-39-ZD | 4.00% | 02/25/2041 | 2864800 |
| 1006270 | &nbsp;&nbsp;&nbsp;Series 2011-40-LZ | 4.50% | 05/25/2041 | 1004612 |
| 684454 | &nbsp;&nbsp;&nbsp;Series 2011-42-MZ | 4.50% | 05/25/2041 | 679247 |
| 2138637 | &nbsp;&nbsp;&nbsp;Series 2011-45-ZB | 4.50% | 05/25/2041 | 2135939 |
| 7241438 | &nbsp;&nbsp;&nbsp;Series 2011-51-FJ (30 day avg SOFR US + 0.56%, 0.45% Floor, 7.00% Cap) | 4.44% | 06/25/2041 | 7184218 |
| 501548 | &nbsp;&nbsp;&nbsp;Series 2011-59-MA | 4.50% | 07/25/2041 | 505314 |
| 27812 | &nbsp;&nbsp;&nbsp;Series 2011-60-EL | 3.00% | 07/25/2026 | 27732 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 4403509 | &nbsp;&nbsp;&nbsp;Series 2011-64-DB | 4.00% | 07/25/2041 | 4345322 |
| 2614512 | &nbsp;&nbsp;&nbsp;Series 2011-77-Z | 3.50% | 08/25/2041 | 2487090 |
| 1461749 | &nbsp;&nbsp;&nbsp;Series 2012-111-LB | 3.50% | 05/25/2041 | 1412124 |
| 13026596 | &nbsp;&nbsp;&nbsp;Series 2012-111-MJ | 4.00% | 04/25/2042 | 12530704 |
| 12266004 | &nbsp;&nbsp;&nbsp;Series 2012-122-DB | 3.00% | 11/25/2042 | 11375475 |
| 2883804 | &nbsp;&nbsp;&nbsp;Series 2012-14-BZ | 4.00% | 03/25/2042 | 2817108 |
| 7279787 | &nbsp;&nbsp;&nbsp;Series 2012-20-ZT | 3.50% | 03/25/2042 | 6962226 |
| 6081361 | &nbsp;&nbsp;&nbsp;Series 2012-70-FY (30 day avg SOFR US + 0.56%, 0.45% Floor, 7.00% Cap) | 4.44% | 07/25/2042 | 6022850 |
| 23974 | &nbsp;&nbsp;&nbsp;Series 2012-80-EA | 2.00% | 04/25/2042 | 23830 |
| 14468972 | &nbsp;&nbsp;&nbsp;Series 2012-86-ZC | 3.50% | 08/25/2042 | 13760815 |
| 10317674 | &nbsp;&nbsp;&nbsp;Series 2012-99-QE | 3.00% | 09/25/2042 | 9575134 |
| 17202990 | &nbsp;&nbsp;&nbsp;Series 2013-130-ZE | 3.00% | 01/25/2044 | 15632372 |
| 22368562 | &nbsp;&nbsp;&nbsp;Series 2013-133-ZT | 3.00% | 01/25/2039 | 21318318 |
| 994109 | &nbsp;&nbsp;&nbsp;Series 2013-58-SC (-2 x 30 day avg SOFR US + 5.83%, 0.00% Floor, 6.00% Cap) | 0.02 %<sup>(g)</sup> | 06/25/2043 | 545702 |
| 1901956 | &nbsp;&nbsp;&nbsp;Series 2013-81-ZQ | 3.00 %<sup>(i)</sup> | 08/25/2043 | 1341443 |
| 4477519 | &nbsp;&nbsp;&nbsp;Series 2013-82-SH (-1 x 30 day avg SOFR US + 5.94%, 0.00% Floor, 6.05% Cap) | 2.06 %<sup>(f)(g)</sup> | 12/25/2042 | 335522 |
| 116835 | &nbsp;&nbsp;&nbsp;Series 2014-46-NZ | 3.00 %<sup>(i)</sup> | 06/25/2043 | 84045 |
| 38375492 | &nbsp;&nbsp;&nbsp;Series 2014-64-NZ | 3.00% | 10/25/2044 | 34787303 |
| 13630239 | &nbsp;&nbsp;&nbsp;Series 2014-67-DZ | 3.00% | 10/25/2044 | 12534495 |
| 26255319 | &nbsp;&nbsp;&nbsp;Series 2014-77-VZ | 3.00% | 11/25/2044 | 24149587 |
| 34514144 | &nbsp;&nbsp;&nbsp;Series 2014-84-KZ | 3.00 %<sup>(i)</sup> | 12/25/2044 | 31853435 |
| 2274196 | &nbsp;&nbsp;&nbsp;Series 2015-11-A | 3.00% | 05/25/2034 | 2249090 |
| 15127010 | &nbsp;&nbsp;&nbsp;Series 2015-49-A | 3.00% | 03/25/2044 | 14620279 |
| 9800816 | &nbsp;&nbsp;&nbsp;Series 2015-52-GZ | 3.00% | 07/25/2045 | 8921456 |
| 28134397 | &nbsp;&nbsp;&nbsp;Series 2015-88-BA | 3.00% | 04/25/2044 | 27339662 |
| 2064589 | &nbsp;&nbsp;&nbsp;Series 2015-94-MA | 3.00% | 01/25/2046 | 1862327 |
| 5234327 | &nbsp;&nbsp;&nbsp;Series 2016-2-JA | 2.50% | 02/25/2046 | 5068719 |
| 504047 | &nbsp;&nbsp;&nbsp;Series 2016-79-EP | 3.00% | 01/25/2044 | 500913 |
| 6431604 | &nbsp;&nbsp;&nbsp;Series 2016-95-AG | 2.50% | 06/25/2037 | 6114054 |
| 10775807 | &nbsp;&nbsp;&nbsp;Series 2017-57-BC | 3.00% | 08/25/2057 | 9518907 |
| 7941880 | &nbsp;&nbsp;&nbsp;Series 2018-21-IO | 3.00 %<sup>(f)</sup> | 04/25/2048 | 1353733 |
| 13117318 | &nbsp;&nbsp;&nbsp;Series 2018-21-PO | 0.00 %<sup>(j)</sup> | 04/25/2048 | 9559423 |
| 33386143 | &nbsp;&nbsp;&nbsp;Series 2018-27-AO | 0.00 %<sup>(j)</sup> | 05/25/2048 | 25668709 |
| 7572633 | &nbsp;&nbsp;&nbsp;Series 2018-65-DA | 3.00% | 09/25/2048 | 6864315 |
| 23492764 | &nbsp;&nbsp;&nbsp;Series 2018-7-CD | 3.00% | 02/25/2048 | 21549788 |
| 17623858 | &nbsp;&nbsp;&nbsp;Series 2018-85-PO | 0.00 %<sup>(j)</sup> | 12/25/2048 | 13582423 |
| 12149056 | &nbsp;&nbsp;&nbsp;Series 2019-69-DS (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(f)(g)</sup> | 12/25/2049 | 1387744 |
| 35770765 | &nbsp;&nbsp;&nbsp;Series 2019-78-ZB | 3.00% | 01/25/2050 | 31411589 |
| 201536202 | &nbsp;&nbsp;&nbsp;Series 2019-M16-X | 1.18 %<sup>(b)(f)</sup> | 07/25/2031 | 7092462 |
| 454848466 | &nbsp;&nbsp;&nbsp;Series 2019-M18-X | 0.73 %<sup>(b)(f)</sup> | 08/25/2029 | 8316495 |
| 192311496 | &nbsp;&nbsp;&nbsp;Series 2019-M24-2XA | 1.15 %<sup>(b)(f)</sup> | 03/25/2031 | 9194778 |
| 251852649 | &nbsp;&nbsp;&nbsp;Series 2019-M24-XA | 1.24 %<sup>(b)(f)</sup> | 03/25/2029 | 7703241 |
| 151864065 | &nbsp;&nbsp;&nbsp;Series 2019-M7-X | 0.33 %<sup>(b)(f)</sup> | 04/25/2029 | 1477197 |
| 27101169 | &nbsp;&nbsp;&nbsp;Series 2020-47-GL | 2.00% | 05/25/2046 | 24538794 |
| 7567884 | &nbsp;&nbsp;&nbsp;Series 2020-53-CG | 2.00% | 08/25/2050 | 6431244 |
| 41191963 | &nbsp;&nbsp;&nbsp;Series 2020-54-AB | 1.00% | 08/25/2050 | 32313579 |
| 9138849 | &nbsp;&nbsp;&nbsp;Series 2020-54-AS (-1 x 30 day avg SOFR US + 6.04%, 0.00% Floor, 6.15% Cap) | 2.16 %<sup>(f)(g)</sup> | 08/25/2050 | 1118074 |
| 10839532 | &nbsp;&nbsp;&nbsp;Series 2020-59-QZ | 3.00% | 08/25/2040 | 9910651 |
| 15649606 | &nbsp;&nbsp;&nbsp;Series 2020-61-AI | 3.00 %<sup>(f)</sup> | 09/25/2050 | 2186951 |
| 7446112 | &nbsp;&nbsp;&nbsp;Series 2020-61-DC | 1.50% | 09/25/2060 | 5693510 |
| 28221417 | &nbsp;&nbsp;&nbsp;Series 2020-61-DI | 3.00 %<sup>(f)</sup> | 09/25/2060 | 5136687 |
| 20368775 | &nbsp;&nbsp;&nbsp;Series 2020-96-BI | 3.00 %<sup>(f)</sup> | 01/25/2051 | 3534190 |
| 19759436 | &nbsp;&nbsp;&nbsp;Series 2020-97-EI | 2.00 %<sup>(f)</sup> | 01/25/2051 | 2594060 |
| 22856899 | &nbsp;&nbsp;&nbsp;Series 2020-99-IQ | 3.00 %<sup>(f)</sup> | 01/25/2051 | 3999352 |
| 323521947 | &nbsp;&nbsp;&nbsp;Series 2020-M10-X2 | 1.72 %<sup>(b)(f)</sup> | 12/25/2030 | 18412540 |
| 147624458 | &nbsp;&nbsp;&nbsp;Series 2020-M10-X8 | 0.71 %<sup>(b)(f)</sup> | 12/25/2027 | 991092 |
| 70119425 | &nbsp;&nbsp;&nbsp;Series 2020-M13-X2 | 1.22 %<sup>(b)(f)</sup> | 09/25/2030 | 2162203 |
| 437497961 | &nbsp;&nbsp;&nbsp;Series 2020-M15-X1 | 1.45 %<sup>(b)(f)</sup> | 09/25/2031 | 25551718 |
| 93603792 | &nbsp;&nbsp;&nbsp;Series 2020-M27-X1 | 0.85 %<sup>(b)(f)</sup> | 03/25/2031 | 2162042 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 125871934 | &nbsp;&nbsp;&nbsp;Series 2020-M54-X | 1.47 %<sup>(b)(f)</sup> | 12/25/2033 | 7864919 |
| 52464002 | &nbsp;&nbsp;&nbsp;Series 2020-M7-X2 | 1.24 %<sup>(b)(f)</sup> | 03/25/2031 | 2038526 |
| 9640479 | &nbsp;&nbsp;&nbsp;Series 2021-1-PA | 1.00% | 11/25/2050 | 7456159 |
| 13899542 | &nbsp;&nbsp;&nbsp;Series 2021-13-AK | 2.00% | 01/25/2049 | 12354601 |
| 10669334 | &nbsp;&nbsp;&nbsp;Series 2021-21-DK | 2.00% | 07/25/2043 | 9431203 |
| 5638959 | &nbsp;&nbsp;&nbsp;Series 2021-28-KF (30 day avg SOFR US + 0.75%, 0.75% Floor, 4.00% Cap) | 4.00% | 05/25/2051 | 4655826 |
| 19909919 | &nbsp;&nbsp;&nbsp;Series 2021-28-LB | 2.00% | 04/25/2051 | 16646412 |
| 36225873 | &nbsp;&nbsp;&nbsp;Series 2021-3-KI | 2.50 %<sup>(f)</sup> | 02/25/2051 | 5472356 |
| 17536495 | &nbsp;&nbsp;&nbsp;Series 2021-3-QI | 2.50 %<sup>(f)</sup> | 02/25/2051 | 2761987 |
| 20823927 | &nbsp;&nbsp;&nbsp;Series 2021-40-BA | 3.00% | 01/25/2051 | 18639416 |
| 32253026 | &nbsp;&nbsp;&nbsp;Series 2021-43-EI | 3.00 %<sup>(f)</sup> | 07/25/2051 | 5061829 |
| 63336033 | &nbsp;&nbsp;&nbsp;Series 2021-43-LI | 3.00 %<sup>(f)</sup> | 07/25/2051 | 11354295 |
| 20418261 | &nbsp;&nbsp;&nbsp;Series 2021-52-JI | 2.50 %<sup>(f)</sup> | 07/25/2051 | 1941111 |
| 24868567 | &nbsp;&nbsp;&nbsp;Series 2021-56-NI | 2.50 %<sup>(f)</sup> | 09/25/2051 | 2537345 |
| 24454553 | &nbsp;&nbsp;&nbsp;Series 2021-58-SA (-1 x 30 day avg SOFR US + 2.65%, 0.00% Floor, 2.65% Cap) | 0.00 %<sup>(f)(g)</sup> | 09/25/2051 | 39472 |
| 17060090 | &nbsp;&nbsp;&nbsp;Series 2021-63-G | 2.00% | 06/25/2049 | 14198016 |
| 27459844 | &nbsp;&nbsp;&nbsp;Series 2021-69-MI | 2.50 %<sup>(f)</sup> | 10/25/2051 | 3036372 |
| 77475535 | &nbsp;&nbsp;&nbsp;Series 2021-70-S (-1 x 30 day avg SOFR US + 3.75%, 0.00% Floor, 3.75% Cap) | 0.00 %<sup>(f)(g)</sup> | 10/25/2049 | 2219566 |
| 18795188 | &nbsp;&nbsp;&nbsp;Series 2021-73-JA | 2.50% | 05/25/2049 | 16827958 |
| 16427662 | &nbsp;&nbsp;&nbsp;Series 2021-85-C | 2.50% | 03/25/2049 | 14727209 |
| 19713195 | &nbsp;&nbsp;&nbsp;Series 2021-85-CJ | 2.50% | 03/25/2049 | 17672650 |
| 19713195 | &nbsp;&nbsp;&nbsp;Series 2021-85-CK | 2.50% | 03/25/2049 | 17672650 |
| 22376715 | &nbsp;&nbsp;&nbsp;Series 2021-85-DI | 3.00 %<sup>(f)</sup> | 12/25/2051 | 3855649 |
| 42017427 | &nbsp;&nbsp;&nbsp;Series 2021-86-MA | 2.50% | 11/25/2047 | 38538187 |
| 21336631 | &nbsp;&nbsp;&nbsp;Series 2021-88-LB | 2.50% | 03/25/2050 | 18843350 |
| 27153371 | &nbsp;&nbsp;&nbsp;Series 2021-9-CA | 2.00% | 03/25/2051 | 22945234 |
| 20368242 | &nbsp;&nbsp;&nbsp;Series 2021-92-M | 2.50% | 01/25/2049 | 18313307 |
| 6690000 | &nbsp;&nbsp;&nbsp;Series 2021-M12-2A1 | 2.13 %<sup>(b)</sup> | 05/25/2033 | 6343916 |
| 880357173 | &nbsp;&nbsp;&nbsp;Series 2021-M14-X | 0.98 %<sup>(b)(f)</sup> | 10/25/2031 | 16931645 |
| 171329857 | &nbsp;&nbsp;&nbsp;Series 2021-M3-X2 | 0.89 %<sup>(b)(f)</sup> | 08/25/2033 | 4361270 |
| 15308763 | &nbsp;&nbsp;&nbsp;Series 2021-M5-A1 | 1.46 %<sup>(b)</sup> | 01/25/2033 | 14573641 |
| 115986757 | &nbsp;&nbsp;&nbsp;Series 2022-3-AB | 2.00% | 11/25/2047 | 104558107 |
| 2121943 | &nbsp;&nbsp;&nbsp;Series 2022-3-EV | 2.00% | 08/25/2033 | 1937970 |
| 60100411 | &nbsp;&nbsp;&nbsp;Series 2022-3-NZ | 2.00 %<sup>(i)</sup> | 02/25/2052 | 37239165 |
| 12849252 | &nbsp;&nbsp;&nbsp;Series 2022-4-LG | 3.00% | 02/25/2052 | 11929741 |
| 25433155 | &nbsp;&nbsp;&nbsp;Series 2022-6-M | 2.50% | 06/25/2050 | 22740916 |
| 13652783 | &nbsp;&nbsp;&nbsp;Series 2022-86-IO | 2.50 %<sup>(f)</sup> | 05/25/2050 | 1911334 |
| 663503114 | &nbsp;&nbsp;&nbsp;Series 2022-M2-X | 0.36 %<sup>(b)(f)</sup> | 01/25/2032 | 11406149 |
| 13440393 | &nbsp;&nbsp;&nbsp;Series 2022-M4-A1X | 2.46 %<sup>(b)</sup> | 05/25/2030 | 12895583 |
| 98906626 | &nbsp;&nbsp;&nbsp;Series 2023-2-IO | 3.00 %<sup>(f)</sup> | 12/25/2051 | 16438370 |
| 16851371 | &nbsp;&nbsp;&nbsp;Series 2023-29-DO | 0.00 %<sup>(j)</sup> | 11/25/2050 | 11923942 |
| 80956545 | &nbsp;&nbsp;&nbsp;Series 2023-39-IO | 3.00 %<sup>(f)</sup> | 10/25/2052 | 13667132 |
| 63350636 | &nbsp;&nbsp;&nbsp;Series 2023-51-BI | 3.50 %<sup>(f)</sup> | 04/25/2053 | 12137767 |
| 3520653 | &nbsp;&nbsp;&nbsp;Series 2023-M1S-A1X | 4.50 %<sup>(b)</sup> | 07/25/2033 | 3566735 |
| 19148864 | &nbsp;&nbsp;&nbsp;Series 2024-64-FJ (30 day avg SOFR US + 1.25%, 1.25% Floor, 6.50% Cap) | 5.12% | 09/25/2054 | 19247687 |
| 27827406 | &nbsp;&nbsp;&nbsp;Series 2024-69-FA (30 day avg SOFR US + 1.25%, 1.25% Floor, 6.50% Cap) | 5.12% | 10/25/2054 | 27973060 |
| 9388425 | &nbsp;&nbsp;&nbsp;Series 2024-73-FB (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% | 10/25/2054 | 9426655 |
| 45873679 | &nbsp;&nbsp;&nbsp;Series 2024-81-FE (30 day avg SOFR US + 1.15%, 1.15% Floor, 6.50% Cap) | 5.02% | 07/25/2054 | 46015355 |
| 57199191 | &nbsp;&nbsp;&nbsp;Series 2024-82-FY (30 day avg SOFR US + 1.30%, 1.30% Floor, 6.50% Cap) | 5.17% | 11/25/2054 | 57537198 |
| 53076684 | &nbsp;&nbsp;&nbsp;Series 2024-9-BI | 3.00 %<sup>(f)</sup> | 03/25/2051 | 8896884 |
| 40740496 | &nbsp;&nbsp;&nbsp;Series 2025-13-FB (30 day avg SOFR US + 1.30%, 1.30% Floor, 6.50% Cap) | 5.17% | 03/25/2055 | 41011314 |
| 70651913 | &nbsp;&nbsp;&nbsp;Series 2025-32-FE (30 day avg SOFR US + 1.10%, 1.10% Floor, 6.50% Cap) | 4.97% | 05/25/2055 | 70826388 |
| 30334048 | &nbsp;&nbsp;&nbsp;Series 2025-77-PA | 5.00% | 05/25/2055 | 30553505 |
| 55248549 | &nbsp;&nbsp;&nbsp;Series 2025-95-FB (30 day avg SOFR US + 1.15%, 1.15% Floor, 6.50% Cap) | 5.02% | 10/25/2055 | 55461764 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 66783727 | &nbsp;&nbsp;&nbsp;Series 2025-95-FG (30 day avg SOFR US + 1.10%, 1.10% Floor, 6.50% Cap) | 4.97% | 07/25/2055 | 66967556 |
| 2127323 | &nbsp;&nbsp;&nbsp;Series 400-S4 (-1 x 30 day avg SOFR US + 5.34%, 0.00% Floor, 5.45% Cap) | 1.46 %<sup>(f)(g)</sup> | 11/25/2039 | 150059 |
| 21985312 | &nbsp;&nbsp;&nbsp;Series 412-A3 | 3.00% | 08/25/2042 | 19763654 |
| 35236545 | &nbsp;&nbsp;&nbsp;Series 426-C51 | 2.50 %<sup>(f)</sup> | 09/25/2050 | 5368643 |
| 48378617 | &nbsp;&nbsp;&nbsp;Series 427-C69 | 3.00 %<sup>(f)</sup> | 03/25/2047 | 7397716 |
| 77028981 | &nbsp;&nbsp;&nbsp;Series 427-C71 | 3.00 %<sup>(f)</sup> | 10/25/2049 | 12391367 |
| 28033517 | &nbsp;&nbsp;&nbsp;Series 428-C17 | 3.00 %<sup>(f)</sup> | 04/25/2050 | 4184304 |
| 24835812 | &nbsp;&nbsp;&nbsp;Series 432-C11 | 3.00 %<sup>(f)</sup> | 08/25/2052 | 4186760 |
| 99723150 | &nbsp;&nbsp;&nbsp;Series 434-C33 | 2.50 %<sup>(f)</sup> | 12/25/2052 | 15188543 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust |  |  |  |
| 14332798 | &nbsp;&nbsp;&nbsp;Series 2018-3-HA | 3.00% | 08/25/2057 | 13578623 |
| 14108898 | &nbsp;&nbsp;&nbsp;Series 2020-2-MT | 2.00% | 11/25/2059 | 11327078 |
|  | Freddie Mac Whole Loan Securities Trust |  |  |  |
| 6386714 | &nbsp;&nbsp;&nbsp;Series 2015-SC02-1A | 3.00% | 09/25/2045 | 5632604 |
| 4085482 | &nbsp;&nbsp;&nbsp;Series 2016-SC01-1A | 3.00% | 07/25/2046 | 3554915 |
|  | Ginnie Mae II Pool |  |  |  |
| 21684382 | &nbsp;&nbsp;&nbsp;Pool 785310 | 2.50% | 02/20/2051 | 18641133 |
| 35716908 | &nbsp;&nbsp;&nbsp;Pool 785346 | 2.00% | 03/20/2051 | 29226174 |
| 10702454 | &nbsp;&nbsp;&nbsp;Pool 785350 | 2.00% | 01/20/2051 | 8660908 |
| 20264202 | &nbsp;&nbsp;&nbsp;Pool 785374 | 2.50% | 03/20/2051 | 17572158 |
| 72483201 | &nbsp;&nbsp;&nbsp;Pool 785401 | 2.50% | 10/20/2050 | 62018793 |
| 103009202 | &nbsp;&nbsp;&nbsp;Pool 785412 | 2.50% | 03/20/2051 | 88551769 |
| 23412382 | &nbsp;&nbsp;&nbsp;Pool 785595 | 2.50% | 03/20/2051 | 20229433 |
| 44238585 | &nbsp;&nbsp;&nbsp;Pool 785609 | 2.50% | 08/20/2051 | 38171849 |
| 11219732 | &nbsp;&nbsp;&nbsp;Pool 785638 | 2.50% | 08/20/2051 | 9747362 |
| 25933913 | &nbsp;&nbsp;&nbsp;Pool 785639 | 2.50% | 08/20/2051 | 22342194 |
| 10394198 | &nbsp;&nbsp;&nbsp;Pool 785680 | 2.50% | 10/20/2051 | 8954599 |
| 45298119 | &nbsp;&nbsp;&nbsp;Pool 785717 | 3.00% | 11/20/2051 | 40469535 |
| 7628847 | &nbsp;&nbsp;&nbsp;Pool CB2017 | 2.50% | 03/20/2051 | 6581866 |
| 7385814 | &nbsp;&nbsp;&nbsp;Pool CB4182 | 2.50% | 03/20/2051 | 6372075 |
| 1778769 | &nbsp;&nbsp;&nbsp;Pool CB5487 | 2.50% | 03/20/2051 | 1501056 |
| 6744897 | &nbsp;&nbsp;&nbsp;Pool CB9135 | 2.50% | 04/20/2051 | 5869163 |
| 6790691 | &nbsp;&nbsp;&nbsp;Pool CH0426 | 2.50% | 02/20/2052 | 5780797 |
| 5693239 | &nbsp;&nbsp;&nbsp;Pool CI0294 | 2.50% | 01/20/2052 | 4748042 |
| 23896556 | &nbsp;&nbsp;&nbsp;Pool CI6428 | 2.50% | 01/20/2052 | 20342875 |
| 459143 | &nbsp;&nbsp;&nbsp;Pool MA2511 | 3.50% | 01/20/2045 | 415290 |
| 13962087 | &nbsp;&nbsp;&nbsp;Pool MA5076 | 3.00% | 03/20/2048 | 12694302 |
| 8839663 | &nbsp;&nbsp;&nbsp;Pool MA7255 | 2.50% | 03/20/2051 | 7634609 |
|  | Government National Mortgage Association |  |  |  |
| 20374767 | &nbsp;&nbsp;&nbsp;Pool 786510 | 3.00% | 02/20/2052 | 18038062 |
| 2853517 | &nbsp;&nbsp;&nbsp;Series 2003-67-SP (-1 x 1 mo. Term SOFR + 6.99%, 0.00% Floor, 7.10% Cap) | 3.03 %<sup>(f)(g)</sup> | 08/20/2033 | 20886 |
| 1195279 | &nbsp;&nbsp;&nbsp;Series 2003-86-ZK | 5.00% | 10/20/2033 | 1193093 |
| 781188 | &nbsp;&nbsp;&nbsp;Series 2004-49-Z | 6.00% | 06/20/2034 | 789929 |
| 1394460 | &nbsp;&nbsp;&nbsp;Series 2004-83-CS (-1 x 1 mo. Term SOFR + 5.97%, 0.00% Floor, 6.08% Cap) | 2.23 %<sup>(f)(g)</sup> | 10/20/2034 | 66322 |
| 366060 | &nbsp;&nbsp;&nbsp;Series 2005-21-ZPool 2005-2 | 5.00% | 03/20/2035 | 368429 |
| 267187 | &nbsp;&nbsp;&nbsp;Series 2006-24-CX (-7 x 1 mo. Term SOFR + 39.13%, 0.00% Floor, 39.97% Cap) | 11.75 %<sup>(g)</sup> | 05/20/2036 | 314620 |
| 1168572 | &nbsp;&nbsp;&nbsp;Series 2007-26-SJ (-1 x 1 mo. Term SOFR + 4.58%, 0.00% Floor, 4.69% Cap) | 0.84 %<sup>(f)(g)</sup> | 04/20/2037 | 5880 |
| 1523215 | &nbsp;&nbsp;&nbsp;Series 2008-2-SM (-1 x 1 mo. Term SOFR + 6.39%, 0.00% Floor, 6.50% Cap) | 2.65 %<sup>(f)(g)</sup> | 01/16/2038 | 117327 |
| 2824933 | &nbsp;&nbsp;&nbsp;Series 2008-42-AI (-1 x 1 mo. Term SOFR + 7.58%, 0.00% Floor, 7.69% Cap) | 3.84 %<sup>(f)(g)</sup> | 05/16/2038 | 332467 |
| 1033958 | &nbsp;&nbsp;&nbsp;Series 2008-43-SH (-1 x 1 mo. Term SOFR + 6.22%, 0.00% Floor, 6.34% Cap) | 2.49 %<sup>(f)(g)</sup> | 05/20/2038 | 20588 |
| 1226764 | &nbsp;&nbsp;&nbsp;Series 2008-51-SC (-1 x 1 mo. Term SOFR + 6.14%, 0.00% Floor, 6.25% Cap) | 2.40 %<sup>(f)(g)</sup> | 06/20/2038 | 88248 |
| 1016671 | &nbsp;&nbsp;&nbsp;Series 2008-51-SE (-1 x 1 mo. Term SOFR + 6.14%, 0.00% Floor, 6.25% Cap) | 2.40 %<sup>(f)(g)</sup> | 06/16/2038 | 76898 |
| 328220 | &nbsp;&nbsp;&nbsp;Series 2008-82-SM (-1 x 1 mo. Term SOFR + 5.94%, 0.00% Floor, 6.05% Cap) | 2.20 %<sup>(f)(g)</sup> | 09/20/2038 | 4449 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 455867 | &nbsp;&nbsp;&nbsp;Series 2008-83-SD (-1 x 1 mo. Term SOFR + 6.45%, 0.00% Floor, 6.56% Cap) | 2.71 %<sup>(f)(g)</sup> | 11/16/2036 | 7220 |
| 2086050 | &nbsp;&nbsp;&nbsp;Series 2009-10-NS (-1 x 1 mo. Term SOFR + 6.54%, 0.00% Floor, 6.65% Cap) | 2.80 %<sup>(f)(g)</sup> | 02/16/2039 | 196978 |
| 2447837 | &nbsp;&nbsp;&nbsp;Series 2009-106-VZ | 4.50% | 11/20/2039 | 2446554 |
| 318528 | &nbsp;&nbsp;&nbsp;Series 2009-24-SN (-1 x 1 mo. Term SOFR + 5.99%, 0.00% Floor, 6.10% Cap) | 2.25 %<sup>(f)(g)</sup> | 09/20/2038 | 7888 |
| 1437866 | &nbsp;&nbsp;&nbsp;Series 2009-32-ZE | 4.50% | 05/16/2039 | 1439241 |
| 10276 | &nbsp;&nbsp;&nbsp;Series 2009-41-ZQ | 4.50 %<sup>(i)</sup> | 06/16/2039 | 10364 |
| 1070595 | &nbsp;&nbsp;&nbsp;Series 2009-48-Z | 5.00% | 06/16/2039 | 1074379 |
| 15708 | &nbsp;&nbsp;&nbsp;Series 2009-50-KP | 4.50% | 06/20/2039 | 15682 |
| 365931 | &nbsp;&nbsp;&nbsp;Series 2009-69-TS (-1 x 1 mo. Term SOFR + 6.09%, 0.00% Floor, 6.20% Cap) | 2.35 %<sup>(f)(g)</sup> | 04/16/2039 | 11099 |
| 1111901 | &nbsp;&nbsp;&nbsp;Series 2009-75-GZ | 4.50% | 09/20/2039 | 1122535 |
| 2264790 | &nbsp;&nbsp;&nbsp;Series 2010-1-SA (-1 x 1 mo. Term SOFR + 5.64%, 0.00% Floor, 5.75% Cap) | 1.90 %<sup>(f)(g)</sup> | 01/16/2040 | 191756 |
| 2679744 | &nbsp;&nbsp;&nbsp;Series 2010-106-PS (-1 x 1 mo. Term SOFR + 5.94%, 0.00% Floor, 6.05% Cap) | 2.20 %<sup>(f)(g)</sup> | 03/20/2040 | 66739 |
| 1998392 | &nbsp;&nbsp;&nbsp;Series 2010-25-ZB | 4.50% | 02/16/2040 | 2003483 |
| 16592371 | &nbsp;&nbsp;&nbsp;Series 2010-26-QS (-1 x 1 mo. Term SOFR + 6.14%, 0.00% Floor, 6.25% Cap) | 2.40 %<sup>(f)(g)</sup> | 02/20/2040 | 1788648 |
| 1397932 | &nbsp;&nbsp;&nbsp;Series 2010-42-AY | 5.00% | 11/20/2039 | 1441383 |
| 3314714 | &nbsp;&nbsp;&nbsp;Series 2010-42-ES (-1 x 1 mo. Term SOFR + 5.57%, 0.00% Floor, 5.68% Cap) | 1.83 %<sup>(f)(g)</sup> | 04/20/2040 | 329554 |
| 325317 | &nbsp;&nbsp;&nbsp;Series 2010-61-AS (-1 x 1 mo. Term SOFR + 6.44%, 0.00% Floor, 6.55% Cap) | 2.70 %<sup>(f)(g)</sup> | 09/20/2039 | 20013 |
| 4304916 | &nbsp;&nbsp;&nbsp;Series 2010-62-SB (-1 x 1 mo. Term SOFR + 5.64%, 0.00% Floor, 5.75% Cap) | 1.90 %<sup>(f)(g)</sup> | 05/20/2040 | 375132 |
| 2138514 | &nbsp;&nbsp;&nbsp;Series 2011-18-SN (-2 x 1 mo. Term SOFR + 9.27%, 0.00% Floor, 9.50% Cap) | 1.80 %<sup>(g)</sup> | 12/20/2040 | 1968637 |
| 2141828 | &nbsp;&nbsp;&nbsp;Series 2011-18-YS (-2 x 1 mo. Term SOFR + 9.27%, 0.00% Floor, 9.50% Cap) | 1.80 %<sup>(g)</sup> | 12/20/2040 | 1956989 |
| 634372 | &nbsp;&nbsp;&nbsp;Series 2011-69-OC | 0.00 %<sup>(j)</sup> | 05/20/2041 | 512856 |
| 6113270 | &nbsp;&nbsp;&nbsp;Series 2011-69-SB (-1 x 1 mo. Term SOFR + 5.24%, 0.00% Floor, 5.35% Cap) | 1.50 %<sup>(f)(g)</sup> | 05/20/2041 | 505614 |
| 2292795 | &nbsp;&nbsp;&nbsp;Series 2011-72-AS (-1 x 1 mo. Term SOFR + 5.27%, 0.00% Floor, 5.38% Cap) | 1.53 %<sup>(f)(g)</sup> | 05/20/2041 | 208792 |
| 1670940 | &nbsp;&nbsp;&nbsp;Series 2011-72-SK (-1 x 1 mo. Term SOFR + 6.04%, 0.00% Floor, 6.15% Cap) | 2.30 %<sup>(f)(g)</sup> | 05/20/2041 | 163842 |
| 6141062 | &nbsp;&nbsp;&nbsp;Series 2013-116-LS (-1 x 1 mo. Term SOFR + 6.04%, 0.00% Floor, 6.15% Cap) | 2.30 %<sup>(f)(g)</sup> | 08/20/2043 | 688367 |
| 8084243 | &nbsp;&nbsp;&nbsp;Series 2013-136-CS (-1 x 1 mo. Term SOFR + 6.09%, 0.00% Floor, 6.20% Cap) | 2.35 %<sup>(f)(g)</sup> | 09/16/2043 | 857623 |
| 14313993 | &nbsp;&nbsp;&nbsp;Series 2013-182-WZ | 2.50% | 12/20/2043 | 12961261 |
| 2530131 | &nbsp;&nbsp;&nbsp;Series 2013-186-SG (-1 x 1 mo. Term SOFR + 6.14%, 0.00% Floor, 6.25% Cap) | 2.40 %<sup>(f)(g)</sup> | 02/16/2043 | 185223 |
| 4189611 | &nbsp;&nbsp;&nbsp;Series 2013-26-MS (-1 x 1 mo. Term SOFR + 6.14%, 0.00% Floor, 6.25% Cap) | 2.40 %<sup>(f)(g)</sup> | 02/20/2043 | 472479 |
| 902916 | &nbsp;&nbsp;&nbsp;Series 2013-34-PL | 3.00% | 03/20/2042 | 897121 |
| 7314121 | &nbsp;&nbsp;&nbsp;Series 2014-163-PS (-1 x 1 mo. Term SOFR + 5.49%, 0.00% Floor, 5.60% Cap) | 1.75 %<sup>(f)(g)</sup> | 11/20/2044 | 682865 |
| 7682736 | &nbsp;&nbsp;&nbsp;Series 2014-167-SA (-1 x 1 mo. Term SOFR + 5.49%, 0.00% Floor, 5.60% Cap) | 1.75 %<sup>(f)(g)</sup> | 11/20/2044 | 796126 |
| 13308972 | &nbsp;&nbsp;&nbsp;Series 2014-21-SE (-1 x 1 mo. Term SOFR + 5.44%, 0.00% Floor, 5.55% Cap) | 1.70 %<sup>(f)(g)</sup> | 02/20/2044 | 1148145 |
| 7786316 | &nbsp;&nbsp;&nbsp;Series 2014-39-SK (-1 x 1 mo. Term SOFR + 6.09%, 0.00% Floor, 6.20% Cap) | 2.35 %<sup>(f)(g)</sup> | 03/20/2044 | 1012572 |
| 7990827 | &nbsp;&nbsp;&nbsp;Series 2014-59-DS (-1 x 1 mo. Term SOFR + 6.14%, 0.00% Floor, 6.25% Cap) | 2.40 %<sup>(f)(g)</sup> | 04/16/2044 | 736971 |
| 8268442 | &nbsp;&nbsp;&nbsp;Series 2016-108-SM (-1 x 1 mo. Term SOFR + 5.99%, 0.00% Floor, 6.10% Cap) | 2.25 %<sup>(f)(g)</sup> | 08/20/2046 | 1234990 |
| 12788646 | &nbsp;&nbsp;&nbsp;Series 2018-40-AZ | 3.00 %<sup>(i)</sup> | 10/20/2047 | 10876818 |
| 9134379 | &nbsp;&nbsp;&nbsp;Series 2019-153-GF (1 mo. Term SOFR + 0.56%, 0.45% Floor, 6.50% Cap) | 4.30% | 12/20/2049 | 8952305 |
| 15617756 | &nbsp;&nbsp;&nbsp;Series 2020-104-AI | 3.00 %<sup>(f)</sup> | 07/20/2050 | 2628938 |
| 9877834 | &nbsp;&nbsp;&nbsp;Series 2020-104-EI | 3.00 %<sup>(f)</sup> | 07/20/2050 | 1674086 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 8759223 | &nbsp;&nbsp;&nbsp;Series 2020-112-LS (-1 x 30 day avg SOFR US + 6.20%, 0.00% Floor, 6.20% Cap) | 2.28 %<sup>(f)(g)</sup> | 08/20/2050 | 1204259 |
| 35511493 | &nbsp;&nbsp;&nbsp;Series 2020-115-IG | 2.50 %<sup>(f)</sup> | 08/20/2050 | 5122469 |
| 16829877 | &nbsp;&nbsp;&nbsp;Series 2020-138-IC | 3.50 %<sup>(f)</sup> | 08/20/2050 | 2998890 |
| 122676026 | &nbsp;&nbsp;&nbsp;Series 2020-140-ES (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(f)(g)</sup> | 09/20/2050 | 17365932 |
| 31739916 | &nbsp;&nbsp;&nbsp;Series 2020-140-SG (-1 x 1 mo. Term SOFR + 6.24%, 0.00% Floor, 6.35% Cap) | 2.50 %<sup>(f)(g)</sup> | 09/20/2050 | 4466806 |
| 39463248 | &nbsp;&nbsp;&nbsp;Series 2020-146-CI | 2.50 %<sup>(f)</sup> | 10/20/2050 | 5684057 |
| 22521079 | &nbsp;&nbsp;&nbsp;Series 2020-146-KI | 2.50 %<sup>(f)</sup> | 10/20/2050 | 3343137 |
| 48114757 | &nbsp;&nbsp;&nbsp;Series 2020-148-AI | 2.50 %<sup>(f)</sup> | 10/20/2050 | 7021781 |
| 95240432 | &nbsp;&nbsp;&nbsp;Series 2020-151-MI | 2.50 %<sup>(f)</sup> | 10/20/2050 | 13751433 |
| 86407023 | &nbsp;&nbsp;&nbsp;Series 2020-153-EI | 2.50 %<sup>(f)</sup> | 10/20/2050 | 12374963 |
| 36512439 | &nbsp;&nbsp;&nbsp;Series 2020-160-IA | 2.50 %<sup>(f)</sup> | 10/20/2050 | 5108894 |
| 9442599 | &nbsp;&nbsp;&nbsp;Series 2020-160-IM | 2.50 %<sup>(f)</sup> | 10/20/2050 | 1394653 |
| 102503702 | &nbsp;&nbsp;&nbsp;Series 2020-162-JI | 2.50 %<sup>(f)</sup> | 10/20/2050 | 15293552 |
| 31380712 | &nbsp;&nbsp;&nbsp;Series 2020-162-QS (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(f)(g)</sup> | 10/20/2050 | 4525579 |
| 43386982 | &nbsp;&nbsp;&nbsp;Series 2020-166-SM (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(f)(g)</sup> | 11/20/2050 | 6120584 |
| 60280798 | &nbsp;&nbsp;&nbsp;Series 2020-167-BI | 2.50 %<sup>(f)</sup> | 11/20/2050 | 8791936 |
| 45571806 | &nbsp;&nbsp;&nbsp;Series 2020-167-DI | 2.50 %<sup>(f)</sup> | 11/20/2050 | 6162561 |
| 28562528 | &nbsp;&nbsp;&nbsp;Series 2020-167-IA | 2.50 %<sup>(f)</sup> | 11/20/2050 | 4304284 |
| 69318694 | &nbsp;&nbsp;&nbsp;Series 2020-167-JI | 2.50 %<sup>(f)</sup> | 11/20/2050 | 10567843 |
| 12948004 | &nbsp;&nbsp;&nbsp;Series 2020-167-NS (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(f)(g)</sup> | 11/20/2050 | 1841430 |
| 24704557 | &nbsp;&nbsp;&nbsp;Series 2020-167-YK | 1.20% | 11/20/2050 | 19059825 |
| 107981517 | &nbsp;&nbsp;&nbsp;Series 2020-173-MI | 2.50 %<sup>(f)</sup> | 11/20/2050 | 15506351 |
| 34141285 | &nbsp;&nbsp;&nbsp;Series 2020-175-MI | 2.50 %<sup>(f)</sup> | 11/20/2050 | 4938527 |
| 32865183 | &nbsp;&nbsp;&nbsp;Series 2020-175-SC (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(f)(g)</sup> | 11/20/2050 | 4753295 |
| 24326667 | &nbsp;&nbsp;&nbsp;Series 2020-181-AI | 2.50 %<sup>(f)</sup> | 12/20/2050 | 3463514 |
| 40777335 | &nbsp;&nbsp;&nbsp;Series 2020-181-BI | 2.50 %<sup>(f)</sup> | 12/20/2050 | 5950706 |
| 25798503 | &nbsp;&nbsp;&nbsp;Series 2020-181-SA (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(f)(g)</sup> | 12/20/2050 | 3579049 |
| 24966573 | &nbsp;&nbsp;&nbsp;Series 2020-181-YM | 1.17% | 12/20/2050 | 19220172 |
| 55611740 | &nbsp;&nbsp;&nbsp;Series 2020-185-AI | 2.50 %<sup>(f)</sup> | 12/20/2050 | 8006595 |
| 41424297 | &nbsp;&nbsp;&nbsp;Series 2020-185-KI | 2.50 %<sup>(f)</sup> | 12/20/2050 | 6028006 |
| 35249695 | &nbsp;&nbsp;&nbsp;Series 2020-185-MI | 2.50 %<sup>(f)</sup> | 12/20/2050 | 5137777 |
| 39652982 | &nbsp;&nbsp;&nbsp;Series 2020-187-AI | 2.50 %<sup>(f)</sup> | 12/20/2050 | 5919679 |
| 83057279 | &nbsp;&nbsp;&nbsp;Series 2020-188-BI | 2.50 %<sup>(f)</sup> | 12/20/2050 | 13016920 |
| 4708690 | &nbsp;&nbsp;&nbsp;Series 2020-188-DI | 2.50 %<sup>(f)</sup> | 12/20/2050 | 695301 |
| 22547650 | &nbsp;&nbsp;&nbsp;Series 2020-188-GI | 2.00 %<sup>(f)</sup> | 12/20/2050 | 2550590 |
| 32802059 | &nbsp;&nbsp;&nbsp;Series 2020-188-IQ | 3.00 %<sup>(f)</sup> | 10/20/2050 | 5122242 |
| 78107662 | &nbsp;&nbsp;&nbsp;Series 2020-188-KI | 2.50 %<sup>(f)</sup> | 12/20/2050 | 10703132 |
| 31227713 | &nbsp;&nbsp;&nbsp;Series 2020-188-NS (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(f)(g)</sup> | 12/20/2050 | 4455817 |
| 4590952 | &nbsp;&nbsp;&nbsp;Series 2020-4-H | 2.50% | 10/20/2049 | 4061686 |
| 7548461 | &nbsp;&nbsp;&nbsp;Series 2020-79-KG | 1.30% | 06/20/2050 | 5998076 |
| 14631604 | &nbsp;&nbsp;&nbsp;Series 2020-98-SA (-1 x 1 mo. Term SOFR + 6.04%, 0.00% Floor, 6.15% Cap) | 2.30 %<sup>(f)(g)</sup> | 07/20/2050 | 1977660 |
| 70350094 | &nbsp;&nbsp;&nbsp;Series 2021-1-EI | 2.00 %<sup>(f)</sup> | 01/20/2051 | 8726043 |
| 29738266 | &nbsp;&nbsp;&nbsp;Series 2021-1-IA | 2.50 %<sup>(f)</sup> | 01/20/2051 | 4348921 |
| 63918834 | &nbsp;&nbsp;&nbsp;Series 2021-10-IO | 0.99 %<sup>(b)(f)</sup> | 05/16/2063 | 4813753 |
| 113262057 | &nbsp;&nbsp;&nbsp;Series 2021-100-IO | 0.97 %<sup>(b)(f)</sup> | 06/16/2063 | 7728165 |
| 27452822 | &nbsp;&nbsp;&nbsp;Series 2021-105-MI | 3.00 %<sup>(f)</sup> | 06/20/2051 | 3883174 |
| 55554673 | &nbsp;&nbsp;&nbsp;Series 2021-107-QI | 2.50 %<sup>(f)</sup> | 06/20/2051 | 8259758 |
| 125894740 | &nbsp;&nbsp;&nbsp;Series 2021-110-IO | 0.88 %<sup>(b)(f)</sup> | 11/16/2063 | 8455657 |
| 20709788 | &nbsp;&nbsp;&nbsp;Series 2021-114-SB (-1 x 1 mo. Term SOFR + 2.49%, 0.00% Floor, 2.60% Cap) | 0.00 %<sup>(f)(g)</sup> | 06/20/2051 | 18753 |
| 38320267 | &nbsp;&nbsp;&nbsp;Series 2021-116-IA | 2.50 %<sup>(f)</sup> | 06/20/2051 | 5486094 |
| 38017429 | &nbsp;&nbsp;&nbsp;Series 2021-116-XI | 3.50 %<sup>(f)</sup> | 03/20/2051 | 7051020 |
| 17763116 | &nbsp;&nbsp;&nbsp;Series 2021-117-IJ | 3.50 %<sup>(f)</sup> | 06/20/2051 | 2826248 |
| 13751160 | &nbsp;&nbsp;&nbsp;Series 2021-117-SH (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(f)(g)</sup> | 07/20/2051 | 1526193 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 229398856 | &nbsp;&nbsp;&nbsp;Series 2021-12-IO | 0.96 %<sup>(b)(f)</sup> | 03/16/2063 | 15826778 |
| 45557563 | &nbsp;&nbsp;&nbsp;Series 2021-121-TI | 3.00 %<sup>(f)</sup> | 07/20/2051 | 5854780 |
| 96398670 | &nbsp;&nbsp;&nbsp;Series 2021-122-SA (-1 x 30 day avg SOFR US + 2.60%, 0.00% Floor, 2.60% Cap) | 0.00 %<sup>(f)(g)</sup> | 07/20/2051 | 223568 |
| 20748012 | &nbsp;&nbsp;&nbsp;Series 2021-125-IO | 3.00 %<sup>(f)</sup> | 06/20/2051 | 2955426 |
| 52598031 | &nbsp;&nbsp;&nbsp;Series 2021-135-GI | 3.00 %<sup>(f)</sup> | 08/20/2051 | 9460845 |
| 65200305 | &nbsp;&nbsp;&nbsp;Series 2021-135-SK (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(f)(g)</sup> | 08/20/2051 | 7008113 |
| 53700290 | &nbsp;&nbsp;&nbsp;Series 2021-136-EI | 3.00 %<sup>(f)</sup> | 08/20/2051 | 9153381 |
| 33798704 | &nbsp;&nbsp;&nbsp;Series 2021-138-IL | 3.00 %<sup>(f)</sup> | 08/20/2051 | 5761347 |
| 34809524 | &nbsp;&nbsp;&nbsp;Series 2021-138-KI | 3.00 %<sup>(f)</sup> | 08/20/2051 | 6060084 |
| 50194761 | &nbsp;&nbsp;&nbsp;Series 2021-138-PS (-1 x 30 day avg SOFR US + 3.75%, 0.00% Floor, 3.75% Cap) | 0.00 %<sup>(f)(g)</sup> | 08/20/2051 | 965496 |
| 12654336 | &nbsp;&nbsp;&nbsp;Series 2021-139-BI | 3.50 %<sup>(f)</sup> | 08/20/2051 | 2122326 |
| 40419870 | &nbsp;&nbsp;&nbsp;Series 2021-140-IJ | 3.00 %<sup>(f)</sup> | 08/20/2051 | 6865755 |
| 27202793 | &nbsp;&nbsp;&nbsp;Series 2021-142-IO | 3.00 %<sup>(f)</sup> | 08/20/2051 | 4736645 |
| 101508574 | &nbsp;&nbsp;&nbsp;Series 2021-142-XI | 3.00 %<sup>(f)</sup> | 08/20/2051 | 17806939 |
| 107860403 | &nbsp;&nbsp;&nbsp;Series 2021-143-IO | 0.97 %<sup>(b)(f)</sup> | 10/16/2063 | 7434095 |
| 80861145 | &nbsp;&nbsp;&nbsp;Series 2021-144-IO | 0.82 %<sup>(b)(f)</sup> | 04/16/2063 | 4924387 |
| 196083970 | &nbsp;&nbsp;&nbsp;Series 2021-15-BI | 2.50 %<sup>(f)</sup> | 01/20/2051 | 28538218 |
| 83168790 | &nbsp;&nbsp;&nbsp;Series 2021-150-IO | 1.04 %<sup>(b)(f)</sup> | 11/16/2063 | 6279127 |
| 64248843 | &nbsp;&nbsp;&nbsp;Series 2021-151-IO | 0.91 %<sup>(b)(f)</sup> | 04/16/2063 | 4440334 |
| 75687872 | &nbsp;&nbsp;&nbsp;Series 2021-154-TI | 3.00 %<sup>(f)</sup> | 09/20/2051 | 8770567 |
| 24086780 | &nbsp;&nbsp;&nbsp;Series 2021-155-IE | 3.00 %<sup>(f)</sup> | 09/20/2051 | 4242973 |
| 66468532 | &nbsp;&nbsp;&nbsp;Series 2021-155-KI | 4.00 %<sup>(f)</sup> | 09/20/2051 | 12147483 |
| 32761763 | &nbsp;&nbsp;&nbsp;Series 2021-155-S (-1 x 30 day avg SOFR US + 3.20%, 0.00% Floor, 3.20% Cap) | 0.00 %<sup>(f)(g)</sup> | 09/20/2051 | 399212 |
| 33620019 | &nbsp;&nbsp;&nbsp;Series 2021-155-SG (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(f)(g)</sup> | 09/20/2051 | 4638581 |
| 22382584 | &nbsp;&nbsp;&nbsp;Series 2021-157-IO | 0.88 %<sup>(b)(f)</sup> | 09/16/2063 | 1387953 |
| 39221969 | &nbsp;&nbsp;&nbsp;Series 2021-158-IO | 3.00 %<sup>(f)</sup> | 09/20/2051 | 6693080 |
| 54935544 | &nbsp;&nbsp;&nbsp;Series 2021-158-IV | 2.50 %<sup>(f)</sup> | 09/20/2051 | 7972839 |
| 20847974 | &nbsp;&nbsp;&nbsp;Series 2021-160-IA | 3.00 %<sup>(f)</sup> | 09/20/2051 | 3507701 |
| 66938469 | &nbsp;&nbsp;&nbsp;Series 2021-160-SQ (-1 x 30 day avg SOFR US + 2.65%, 0.00% Floor, 3.00% Cap) | 0.00 %<sup>(f)(g)</sup> | 09/20/2051 | 191431 |
| 29671512 | &nbsp;&nbsp;&nbsp;Series 2021-160-WI | 2.50 %<sup>(f)</sup> | 09/20/2051 | 4036744 |
| 34703600 | &nbsp;&nbsp;&nbsp;Series 2021-160-XI | 3.00 %<sup>(f)</sup> | 09/20/2051 | 6201367 |
| 36933392 | &nbsp;&nbsp;&nbsp;Series 2021-161-KI | 3.50 %<sup>(f)</sup> | 09/20/2051 | 7123214 |
| 67618058 | &nbsp;&nbsp;&nbsp;Series 2021-161-UI | 3.00 %<sup>(f)</sup> | 09/20/2051 | 11627317 |
| 35713696 | &nbsp;&nbsp;&nbsp;Series 2021-161-VI | 3.00 %<sup>(f)</sup> | 09/20/2051 | 4276365 |
| 24454117 | &nbsp;&nbsp;&nbsp;Series 2021-162-DI | 3.00 %<sup>(f)</sup> | 09/20/2051 | 4085268 |
| 20186937 | &nbsp;&nbsp;&nbsp;Series 2021-165-GI | 2.50 %<sup>(f)</sup> | 09/20/2051 | 2980411 |
| 14331300 | &nbsp;&nbsp;&nbsp;Series 2021-170-IO | 0.99 %<sup>(b)(f)</sup> | 05/16/2063 | 1051801 |
| 34010200 | &nbsp;&nbsp;&nbsp;Series 2021-175-IM | 3.00 %<sup>(f)</sup> | 10/20/2051 | 5500752 |
| 13876382 | &nbsp;&nbsp;&nbsp;Series 2021-175-IN | 2.50 %<sup>(f)</sup> | 07/20/2051 | 1960298 |
| 44766138 | &nbsp;&nbsp;&nbsp;Series 2021-175-IU | 2.50 %<sup>(f)</sup> | 09/20/2051 | 6331960 |
| 37090364 | &nbsp;&nbsp;&nbsp;Series 2021-176-TI | 4.00 %<sup>(f)</sup> | 10/20/2051 | 6831044 |
| 99020667 | &nbsp;&nbsp;&nbsp;Series 2021-177-IA | 2.50 %<sup>(f)</sup> | 10/20/2051 | 14825711 |
| 55656809 | &nbsp;&nbsp;&nbsp;Series 2021-180-IO | 0.92 %<sup>(b)(f)</sup> | 11/16/2063 | 3858291 |
| 66883599 | &nbsp;&nbsp;&nbsp;Series 2021-184-IO | 0.89 %<sup>(b)(f)</sup> | 12/16/2061 | 4491595 |
| 23404898 | &nbsp;&nbsp;&nbsp;Series 2021-188-IA | 3.00 %<sup>(f)</sup> | 10/20/2051 | 3951582 |
| 42417676 | &nbsp;&nbsp;&nbsp;Series 2021-188-IN | 2.50 %<sup>(f)</sup> | 10/20/2051 | 6152069 |
| 29188221 | &nbsp;&nbsp;&nbsp;Series 2021-188-IT | 2.50 %<sup>(f)</sup> | 10/20/2051 | 4310268 |
| 19703818 | &nbsp;&nbsp;&nbsp;Series 2021-188-IW | 3.00 %<sup>(f)</sup> | 10/20/2051 | 3377617 |
| 149216155 | &nbsp;&nbsp;&nbsp;Series 2021-189-IO | 0.88 %<sup>(b)(f)</sup> | 06/16/2061 | 9381190 |
| 20133754 | &nbsp;&nbsp;&nbsp;Series 2021-191-BI | 2.50 %<sup>(f)</sup> | 10/20/2051 | 2964601 |
| 40122200 | &nbsp;&nbsp;&nbsp;Series 2021-191-CI | 2.50 %<sup>(f)</sup> | 10/20/2051 | 6040012 |
| 24953899 | &nbsp;&nbsp;&nbsp;Series 2021-192-AI | 3.00 %<sup>(f)</sup> | 10/20/2051 | 4494217 |
| 49716239 | &nbsp;&nbsp;&nbsp;Series 2021-193-I | 3.00 %<sup>(f)</sup> | 06/20/2051 | 7600504 |
| 3697909 | &nbsp;&nbsp;&nbsp;Series 2021-193-SW (-1 x 30 day avg SOFR US + 2.55%, 0.00% Floor, 2.55% Cap) | 0.00 %<sup>(f)(g)</sup> | 11/20/2051 | 7912 |
| 60066438 | &nbsp;&nbsp;&nbsp;Series 2021-196-IO | 2.50 %<sup>(f)</sup> | 11/20/2051 | 8600120 |
| 59766570 | &nbsp;&nbsp;&nbsp;Series 2021-2-IO | 0.88 %<sup>(b)(f)</sup> | 06/16/2063 | 3801536 |
| 28896771 | &nbsp;&nbsp;&nbsp;Series 2021-20-IO | 1.14 %<sup>(b)(f)</sup> | 08/16/2062 | 2314857 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 82846782 | &nbsp;&nbsp;&nbsp;Series 2021-200-IO | 0.89 %<sup>(b)(f)</sup> | 11/16/2063 | 5584685 |
| 159772390 | &nbsp;&nbsp;&nbsp;Series 2021-204-IO | 0.88 %<sup>(b)(f)</sup> | 01/16/2064 | 11023895 |
| 22254913 | &nbsp;&nbsp;&nbsp;Series 2021-205-DI | 2.50 %<sup>(f)</sup> | 11/20/2051 | 3300470 |
| 173472444 | &nbsp;&nbsp;&nbsp;Series 2021-208-IO | 0.76 %<sup>(b)(f)</sup> | 06/16/2064 | 9315626 |
| 175468982 | &nbsp;&nbsp;&nbsp;Series 2021-210-IO | 0.98 %<sup>(b)(f)</sup> | 05/16/2062 | 12438557 |
| 50269895 | &nbsp;&nbsp;&nbsp;Series 2021-211-IO | 0.97 %<sup>(b)(f)</sup> | 01/16/2063 | 3472770 |
| 28117315 | &nbsp;&nbsp;&nbsp;Series 2021-213-IH | 3.00 %<sup>(f)</sup> | 12/20/2051 | 5056460 |
| 133781387 | &nbsp;&nbsp;&nbsp;Series 2021-217-IO | 0.79 %<sup>(b)(f)</sup> | 09/16/2063 | 7899095 |
| 284602156 | &nbsp;&nbsp;&nbsp;Series 2021-219-IO | 0.76 %<sup>(b)(f)</sup> | 02/16/2064 | 16604401 |
| 251917139 | &nbsp;&nbsp;&nbsp;Series 2021-22-IO | 0.97 %<sup>(b)(f)</sup> | 05/16/2063 | 17469748 |
| 8113993 | &nbsp;&nbsp;&nbsp;Series 2021-226-TI | 2.50 %<sup>(f)</sup> | 12/20/2051 | 1183689 |
| 62028701 | &nbsp;&nbsp;&nbsp;Series 2021-24-XI | 2.00 %<sup>(f)</sup> | 02/20/2051 | 7156481 |
| 28805119 | &nbsp;&nbsp;&nbsp;Series 2021-24-YD | 1.20% | 02/20/2051 | 22704477 |
| 9917630 | &nbsp;&nbsp;&nbsp;Series 2021-25-EI | 2.50 %<sup>(f)</sup> | 02/20/2051 | 1474211 |
| 18067712 | &nbsp;&nbsp;&nbsp;Series 2021-30-IB | 2.50 %<sup>(f)</sup> | 02/20/2051 | 2758490 |
| 21953652 | &nbsp;&nbsp;&nbsp;Series 2021-30-WI | 2.50 %<sup>(f)</sup> | 02/20/2051 | 3152410 |
| 25302137 | &nbsp;&nbsp;&nbsp;Series 2021-35-IO | 1.03 %<sup>(b)(f)</sup> | 12/16/2062 | 1824400 |
| 73519833 | &nbsp;&nbsp;&nbsp;Series 2021-35-IX | 1.20 %<sup>(b)(f)</sup> | 12/16/2062 | 6165579 |
| 31503073 | &nbsp;&nbsp;&nbsp;Series 2021-40-IO | 0.82 %<sup>(b)(f)</sup> | 02/16/2063 | 1924828 |
| 559006888 | &nbsp;&nbsp;&nbsp;Series 2021-45-IO | 0.81 %<sup>(b)(f)</sup> | 04/16/2063 | 34097184 |
| 27709917 | &nbsp;&nbsp;&nbsp;Series 2021-49-NI | 2.50 %<sup>(f)</sup> | 03/20/2051 | 3972217 |
| 38540342 | &nbsp;&nbsp;&nbsp;Series 2021-49-QI | 2.50 %<sup>(f)</sup> | 03/20/2049 | 4947879 |
| 27602357 | &nbsp;&nbsp;&nbsp;Series 2021-52-IO | 0.72 %<sup>(b)(f)</sup> | 04/16/2063 | 1496959 |
| 61394363 | &nbsp;&nbsp;&nbsp;Series 2021-57-JI | 3.00 %<sup>(f)</sup> | 03/20/2051 | 10466100 |
| 6811803 | &nbsp;&nbsp;&nbsp;Series 2021-58-HP | 3.00% | 08/20/2050 | 6125992 |
| 85078872 | &nbsp;&nbsp;&nbsp;Series 2021-58-IE | 3.00 %<sup>(f)</sup> | 07/20/2050 | 14508338 |
| 197960838 | &nbsp;&nbsp;&nbsp;Series 2021-60-IO | 0.83 %<sup>(b)(f)</sup> | 05/16/2063 | 12049104 |
| 66240265 | &nbsp;&nbsp;&nbsp;Series 2021-64-IG | 3.00 %<sup>(f)</sup> | 04/20/2051 | 11300742 |
| 222207419 | &nbsp;&nbsp;&nbsp;Series 2021-65-IO | 0.87 %<sup>(b)(f)</sup> | 08/16/2063 | 14462170 |
| 33321968 | &nbsp;&nbsp;&nbsp;Series 2021-7-IP | 3.50 %<sup>(f)</sup> | 07/20/2050 | 5781178 |
| 78931625 | &nbsp;&nbsp;&nbsp;Series 2021-7-KI | 2.50 %<sup>(f)</sup> | 01/20/2051 | 11532913 |
| 49944466 | &nbsp;&nbsp;&nbsp;Series 2021-7-MI | 2.50 %<sup>(f)</sup> | 01/20/2051 | 7463771 |
| 316592259 | &nbsp;&nbsp;&nbsp;Series 2021-70-IO | 0.70 %<sup>(b)(f)</sup> | 04/16/2063 | 16568064 |
| 152083421 | &nbsp;&nbsp;&nbsp;Series 2021-71-IO | 0.86 %<sup>(b)(f)</sup> | 10/16/2062 | 9655563 |
| 152075258 | &nbsp;&nbsp;&nbsp;Series 2021-72-IO | 0.56 %<sup>(b)(f)</sup> | 01/16/2061 | 6343500 |
| 87818223 | &nbsp;&nbsp;&nbsp;Series 2021-74-CI | 3.00 %<sup>(f)</sup> | 12/20/2050 | 14883687 |
| 85441304 | &nbsp;&nbsp;&nbsp;Series 2021-77-SJ (-1 x 1 mo. Term SOFR + 3.64%, 0.00% Floor, 3.75% Cap) | 0.00 %<sup>(f)(g)</sup> | 05/20/2051 | 2016893 |
| 9775118 | &nbsp;&nbsp;&nbsp;Series 2021-78-IC | 4.00 %<sup>(f)</sup> | 05/20/2051 | 1763934 |
| 57104961 | &nbsp;&nbsp;&nbsp;Series 2021-80-IO | 0.90 %<sup>(b)(f)</sup> | 12/16/2062 | 3907087 |
| 300214198 | &nbsp;&nbsp;&nbsp;Series 2021-85-IO | 0.69 %<sup>(b)(f)</sup> | 03/16/2063 | 15285016 |
| 39209704 | &nbsp;&nbsp;&nbsp;Series 2021-87-ET | 2.00% | 05/20/2051 | 32758351 |
| 51566209 | &nbsp;&nbsp;&nbsp;Series 2021-9-AI | 2.00 %<sup>(f)</sup> | 01/20/2051 | 6246318 |
| 95854325 | &nbsp;&nbsp;&nbsp;Series 2021-9-MI | 2.50 %<sup>(f)</sup> | 01/20/2051 | 14062175 |
| 31177518 | &nbsp;&nbsp;&nbsp;Series 2021-94-IO | 0.83 %<sup>(b)(f)</sup> | 02/16/2063 | 1888759 |
| 37580442 | &nbsp;&nbsp;&nbsp;Series 2021-96-TS (-1 x 30 day avg SOFR US + 3.25%, 0.00% Floor, 3.25% Cap) | 0.00 %<sup>(f)(g)</sup> | 06/20/2051 | 487670 |
| 34398438 | &nbsp;&nbsp;&nbsp;Series 2021-97-NI | 2.50 %<sup>(f)</sup> | 08/20/2049 | 4036433 |
| 28985840 | &nbsp;&nbsp;&nbsp;Series 2021-97-SH (-1 x 1 mo. Term SOFR + 3.64%, 0.00% Floor, 3.75% Cap) | 0.00 %<sup>(f)(g)</sup> | 06/20/2051 | 581073 |
| 93115845 | &nbsp;&nbsp;&nbsp;Series 2021-98-IG | 3.00 %<sup>(f)</sup> | 06/20/2051 | 16622985 |
| 21638426 | &nbsp;&nbsp;&nbsp;Series 2021-98-MI | 2.50 %<sup>(f)</sup> | 06/20/2051 | 3176092 |
| 22931471 | &nbsp;&nbsp;&nbsp;Series 2021-98-SB (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(f)(g)</sup> | 06/20/2051 | 2785050 |
| 57605645 | &nbsp;&nbsp;&nbsp;Series 2021-98-ST (-1 x 30 day avg SOFR US + 2.73%, 0.00% Floor, 2.73% Cap) | 0.00 %<sup>(f)(g)</sup> | 03/20/2051 | 140540 |
| 7321829 | &nbsp;&nbsp;&nbsp;Series 2021-98-SW (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(f)(g)</sup> | 06/20/2051 | 764758 |
| 39918063 | &nbsp;&nbsp;&nbsp;Series 2021-99-IO | 0.58 %<sup>(b)(f)</sup> | 05/16/2061 | 1662096 |
| 196436590 | &nbsp;&nbsp;&nbsp;Series 2022-102-IO | 0.48 %<sup>(b)(f)</sup> | 06/16/2064 | 7126739 |
| 85084713 | &nbsp;&nbsp;&nbsp;Series 2022-13-IO | 0.83 %<sup>(b)(f)</sup> | 01/16/2063 | 5233067 |
| 55680336 | &nbsp;&nbsp;&nbsp;Series 2022-137-DI | 2.50 %<sup>(f)</sup> | 02/20/2051 | 7993391 |
| 58027308 | &nbsp;&nbsp;&nbsp;Series 2022-137-EI | 2.50 %<sup>(f)</sup> | 06/20/2051 | 8539246 |
| 73609318 | &nbsp;&nbsp;&nbsp;Series 2022-137-IO | 3.00 %<sup>(f)</sup> | 01/20/2052 | 9673420 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 109799050 | &nbsp;&nbsp;&nbsp;Series 2022-14-IO | 0.65 %<sup>(b)(f)</sup> | 12/01/2061 | 4691812 |
| 85211643 | &nbsp;&nbsp;&nbsp;Series 2022-141-IO | 0.78 %<sup>(b)(f)</sup> | 06/16/2064 | 5382888 |
| 93902064 | &nbsp;&nbsp;&nbsp;Series 2022-158-IO | 0.89 %<sup>(b)(f)</sup> | 08/16/2064 | 6677085 |
| 27818369 | &nbsp;&nbsp;&nbsp;Series 2022-160-ZD | 3.00 %<sup>(i)</sup> | 11/20/2047 | 24650752 |
| 59722957 | &nbsp;&nbsp;&nbsp;Series 2022-167-IO | 0.83 %<sup>(b)(f)</sup> | 08/16/2065 | 3581562 |
| 129144316 | &nbsp;&nbsp;&nbsp;Series 2022-169-IO | 0.90 %<sup>(b)(f)</sup> | 01/16/2062 | 9147137 |
| 11139103 | &nbsp;&nbsp;&nbsp;Series 2022-183-B | 5.00% | 04/20/2047 | 11225577 |
| 72640832 | &nbsp;&nbsp;&nbsp;Series 2022-188-IO | 2.50 %<sup>(f)</sup> | 02/20/2051 | 10606106 |
| 77985124 | &nbsp;&nbsp;&nbsp;Series 2022-202-IO | 0.73 %<sup>(b)(f)</sup> | 10/16/2063 | 4547125 |
| 70161109 | &nbsp;&nbsp;&nbsp;Series 2022-207-EI | 3.50 %<sup>(f)</sup> | 02/20/2052 | 14285840 |
| 74312463 | &nbsp;&nbsp;&nbsp;Series 2022-207-IO | 3.00 %<sup>(f)</sup> | 08/20/2051 | 12490877 |
| 137916550 | &nbsp;&nbsp;&nbsp;Series 2022-21-IO | 0.78 %<sup>(b)(f)</sup> | 10/16/2063 | 8459374 |
| 47721889 | &nbsp;&nbsp;&nbsp;Series 2022-218-IO | 3.50 %<sup>(f)</sup> | 01/20/2052 | 9634944 |
| 10874954 | &nbsp;&nbsp;&nbsp;Series 2022-23-BA | 3.00% | 05/20/2049 | 10171064 |
| 138276968 | &nbsp;&nbsp;&nbsp;Series 2022-27-IO | 0.75 %<sup>(b)(f)</sup> | 03/16/2064 | 6899772 |
| 87797245 | &nbsp;&nbsp;&nbsp;Series 2022-35-IO | 0.55 %<sup>(b)(f)</sup> | 10/16/2063 | 3703806 |
| 135726448 | &nbsp;&nbsp;&nbsp;Series 2022-38-IO | 0.72 %<sup>(b)(f)</sup> | 04/16/2064 | 6564953 |
| 399148374 | &nbsp;&nbsp;&nbsp;Series 2022-39-IO | 0.63 %<sup>(b)(f)</sup> | 01/16/2064 | 19020099 |
| 117498332 | &nbsp;&nbsp;&nbsp;Series 2022-42-IO | 0.67 %<sup>(b)(f)</sup> | 12/16/2063 | 5837858 |
| 22562879 | &nbsp;&nbsp;&nbsp;Series 2022-44-TY | 2.00% | 12/20/2051 | 18661279 |
| 57309589 | &nbsp;&nbsp;&nbsp;Series 2022-48-IO | 0.71 %<sup>(b)(f)</sup> | 01/16/2064 | 3502321 |
| 63818580 | &nbsp;&nbsp;&nbsp;Series 2022-49-IO | 0.76 %<sup>(b)(f)</sup> | 03/16/2064 | 3201044 |
| 119023523 | &nbsp;&nbsp;&nbsp;Series 2022-54-IO | 0.59 %<sup>(b)(f)</sup> | 10/16/2063 | 4963936 |
| 29368092 | &nbsp;&nbsp;&nbsp;Series 2022-56-HI | 2.50 %<sup>(f)</sup> | 01/20/2052 | 4444485 |
| 76121502 | &nbsp;&nbsp;&nbsp;Series 2022-62-IO | 0.62 %<sup>(b)(f)</sup> | 06/16/2064 | 3799757 |
| 43021075 | &nbsp;&nbsp;&nbsp;Series 2022-67-IO | 0.90 %<sup>(b)(f)</sup> | 08/16/2063 | 3171256 |
| 161781918 | &nbsp;&nbsp;&nbsp;Series 2022-71-IO | 0.53 %<sup>(b)(f)</sup> | 06/16/2064 | 6200874 |
| 265183522 | &nbsp;&nbsp;&nbsp;Series 2022-72-DI | 0.58 %<sup>(b)(f)</sup> | 06/16/2064 | 10923307 |
| 93437048 | &nbsp;&nbsp;&nbsp;Series 2022-73-IO | 0.56 %<sup>(b)(f)</sup> | 07/16/2064 | 4247003 |
| 5944000 | &nbsp;&nbsp;&nbsp;Series 2022-78-HW | 2.50% | 04/20/2052 | 4792210 |
| 242156638 | &nbsp;&nbsp;&nbsp;Series 2022-79-IO | 0.70 %<sup>(b)(f)</sup> | 08/16/2064 | 13445045 |
| 184734211 | &nbsp;&nbsp;&nbsp;Series 2022-8-IO | 0.86 %<sup>(b)(f)</sup> | 09/16/2063 | 10539586 |
| 111807106 | &nbsp;&nbsp;&nbsp;Series 2022-83-IO | 2.50 %<sup>(f)</sup> | 11/20/2051 | 16026643 |
| 118064267 | &nbsp;&nbsp;&nbsp;Series 2022-86-IO | 0.54 %<sup>(b)(f)</sup> | 10/16/2063 | 4630457 |
| 52114642 | &nbsp;&nbsp;&nbsp;Series 2022-9-EI | 3.00 %<sup>(f)</sup> | 01/20/2052 | 7666382 |
| 93886845 | &nbsp;&nbsp;&nbsp;Series 2022-91-IO | 0.43 %<sup>(b)(f)</sup> | 07/16/2064 | 3524371 |
| 427170906 | &nbsp;&nbsp;&nbsp;Series 2023-108-IO | 0.68 %<sup>(b)(f)</sup> | 08/16/2059 | 15484817 |
| 50038320 | &nbsp;&nbsp;&nbsp;Series 2023-118-IO | 0.65 %<sup>(b)(f)</sup> | 05/16/2065 | 2408399 |
| 42453056 | &nbsp;&nbsp;&nbsp;Series 2023-121-IB | 0.87 %<sup>(b)(f)</sup> | 03/16/2064 | 2745320 |
| 10226136 | &nbsp;&nbsp;&nbsp;Series 2023-140-AS (-2 x 30 day avg SOFR US + 13.00%, 0.00% Floor, 13.00% Cap) | 5.16 %<sup>(g)</sup> | 09/20/2053 | 10454236 |
| 48058754 | &nbsp;&nbsp;&nbsp;Series 2023-16-IO | 0.90 %<sup>(b)(f)</sup> | 07/16/2063 | 3010189 |
| 23178926 | &nbsp;&nbsp;&nbsp;Series 2023-164-BV | 3.00% | 01/20/2052 | 20737652 |
| 411900640 | &nbsp;&nbsp;&nbsp;Series 2023-179-IO | 0.61 %<sup>(b)(f)</sup> | 09/16/2063 | 17823105 |
| 11655771 | &nbsp;&nbsp;&nbsp;Series 2023-187-ZP | 3.00 %<sup>(i)</sup> | 11/20/2051 | 6796011 |
| 177920773 | &nbsp;&nbsp;&nbsp;Series 2023-19-IO | 2.50 %<sup>(f)</sup> | 02/20/2051 | 25877971 |
| 25827820 | &nbsp;&nbsp;&nbsp;Series 2023-196-DZ | 4.50 %<sup>(i)</sup> | 12/20/2053 | 23652534 |
| 27016342 | &nbsp;&nbsp;&nbsp;Series 2023-24-IH | 3.50 %<sup>(f)</sup> | 07/20/2051 | 5513487 |
| 70823834 | &nbsp;&nbsp;&nbsp;Series 2023-50-IO | 0.87 %<sup>(b)(f)</sup> | 06/16/2064 | 4378202 |
| 28575633 | &nbsp;&nbsp;&nbsp;Series 2023-58-IO | 2.50 %<sup>(f)</sup> | 10/20/2050 | 4126516 |
| 30412089 | &nbsp;&nbsp;&nbsp;Series 2023-60-PT | 4.00% | 10/20/2049 | 28973308 |
| 40627552 | &nbsp;&nbsp;&nbsp;Series 2023-75-AI | 3.50 %<sup>(f)</sup> | 07/20/2050 | 6991059 |
| 54032808 | &nbsp;&nbsp;&nbsp;Series 2023-77-IO | 0.70 %<sup>(b)(f)</sup> | 04/16/2065 | 2888108 |
| 11779255 | &nbsp;&nbsp;&nbsp;Series 2023-88-IO | 0.92 %<sup>(b)(f)</sup> | 03/16/2065 | 784110 |
| 12485230 | &nbsp;&nbsp;&nbsp;Series 2024-1-CZ | 3.00 %<sup>(i)</sup> | 01/20/2050 | 9452681 |
| 13575407 | &nbsp;&nbsp;&nbsp;Series 2024-111-FM (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.12% | 07/20/2054 | 13625432 |
| 27202391 | &nbsp;&nbsp;&nbsp;Series 2024-143-IO | 3.50 %<sup>(f)</sup> | 02/20/2048 | 3919894 |
| 98729735 | &nbsp;&nbsp;&nbsp;Series 2024-150-IO | 0.97 %<sup>(b)(f)</sup> | 09/16/2066 | 7471501 |
| 193913461 | &nbsp;&nbsp;&nbsp;Series 2024-161-IO | 0.74 %<sup>(b)(f)</sup> | 06/16/2064 | 11087371 |
| 141025684 | &nbsp;&nbsp;&nbsp;Series 2024-174-DI | 2.50 %<sup>(f)</sup> | 05/20/2051 | 21693812 |
| 27848366 | &nbsp;&nbsp;&nbsp;Series 2024-19-EZ | 5.00 %<sup>(i)</sup> | 12/20/2063 | 27412261 |
| 24151839 | &nbsp;&nbsp;&nbsp;Series 2024-20-LB | 2.50% | 11/20/2051 | 16558040 |
| 20391327 | &nbsp;&nbsp;&nbsp;Series 2024-20-LI | 2.50 %<sup>(f)</sup> | 11/20/2051 | 3020673 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 44521066 | &nbsp;&nbsp;&nbsp;Series 2024-24-BI | 3.00 %<sup>(f)</sup> | 12/20/2051 | 7571546 |
| 12516956 | &nbsp;&nbsp;&nbsp;Series 2024-40-FE (30 day avg SOFR US + 1.00%, 1.00% Floor, 7.00% Cap) | 4.92% | 03/20/2054 | 12561071 |
| 76366372 | &nbsp;&nbsp;&nbsp;Series 2024-47-IO | 0.74 %<sup>(b)(f)</sup> | 10/16/2065 | 4632896 |
| 17315593 | &nbsp;&nbsp;&nbsp;Series 2024-64-ID | 3.00 %<sup>(f)</sup> | 06/20/2051 | 2698817 |
| 49445879 | &nbsp;&nbsp;&nbsp;Series 2024-67-AI | 0.74 %<sup>(b)(f)</sup> | 10/16/2065 | 2956582 |
| 23023573 | &nbsp;&nbsp;&nbsp;Series 2024-78-FH (30 day avg SOFR US + 1.25%, 1.25% Floor, 6.50% Cap) | 5.17% | 05/20/2054 | 23135285 |
| 81665567 | &nbsp;&nbsp;&nbsp;Series 2024-86-IA | 0.85 %<sup>(b)(f)</sup> | 08/16/2065 | 5195808 |
| 249574906 | &nbsp;&nbsp;&nbsp;Series 2025-153-IO | 0.85 %<sup>(b)(f)</sup> | 09/16/2067 | 18994048 |
| 20500000 | &nbsp;&nbsp;&nbsp;Series 2025-208-QF (30 day avg SOFR US + 1.00%, 1.00% Floor, 6.50% Cap) | 4.95% | 12/20/2055 | 20517978 |
| 215393109 | &nbsp;&nbsp;&nbsp;Series 2025-21-IO | 0.95 %<sup>(b)(f)</sup> | 04/16/2065 | 15036744 |
| 20590676 | &nbsp;&nbsp;&nbsp;Series 2025-92-ZA | 5.00 %<sup>(i)</sup> | 05/16/2067 | 19682952 |
|  | STRU |  |  |  |
| 45958000 | &nbsp;&nbsp;&nbsp;Series MS-9167-PT | 4.33 %<sup>(b)(c)</sup> | 02/13/2056 | 45940048 |
|  | **Total US Government and Agency Mortgage Backed Obligations (Cost $15,559,966,928)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $15,559,966,928)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $15,559,966,928)** | **14734636865** |
| **US GOVERNMENT AND AGENCY OBLIGATIONS - 5.4%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 5.4%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 5.4%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 5.4%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 5.4%** |
| 92016869 | United States Treasury Inflation Indexed Bonds | 0.38% | 07/15/2027 | 90963867 |
| 119181919 | United States Treasury Inflation Indexed Bonds | 1.63% | 10/15/2027 | 120103804 |
| 92507002 | United States Treasury Inflation Indexed Bonds | 0.50% | 01/15/2028 | 90897984 |
| 100000000 | United States Treasury Note/Bond | 0.63% | 08/15/2030 | 87031250 |
| 150000000 | United States Treasury Note/Bond | 0.88% | 11/15/2030 | 131150391 |
| 200000000 | United States Treasury Note/Bond | 4.25% | 05/15/2035 | 201703124 |
| 300205000 | United States Treasury Note/Bond | 1.13% | 05/15/2040 | 190594994 |
| 192386000 | United States Treasury Note/Bond | 1.13% | 08/15/2040 | 120917606 |
| 335238000 | United States Treasury Note/Bond | 1.38% | 11/15/2040 | 217734463 |
| 320590000 | United States Treasury Note/Bond | 1.88% | 02/15/2041 | 224087402 |
| 148600000 | United States Treasury Note/Bond | 1.75% | 08/15/2041 | 100319512 |
| 19400000 | United States Treasury Note/Bond | 2.00% | 11/15/2041 | 13546656 |
| 108150000 | United States Treasury Note/Bond | 2.50% | 02/15/2045 | 76625964 |
|  | **Total US Government and Agency Obligations (Cost $1,675,027,654)** | **Total US Government and Agency Obligations (Cost $1,675,027,654)** | **Total US Government and Agency Obligations (Cost $1,675,027,654)** | **1665677017** |
| **SHORT TERM INVESTMENTS - 4.7%** | **SHORT TERM INVESTMENTS - 4.7%** | **SHORT TERM INVESTMENTS - 4.7%** | **SHORT TERM INVESTMENTS - 4.7%** |  |
| 382135811 | First American Government Obligations Fund - U | 3.69 %<sup>(k)</sup> |  | 382135811 |
| 382135811 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(k)</sup> |  | 382135811 |
| 382135811 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(k)</sup> |  | 382135811 |
| 300000000 | United States Treasury Bill | 0.00% | 03/12/2026 | 297964212 |
|  | **Total Short Term Investments (Cost $1,444,262,954)** | **Total Short Term Investments (Cost $1,444,262,954)** | **Total Short Term Investments (Cost $1,444,262,954)** | **1444371645** |
|  | **Total Investments - 99.9%<sup>(l)</sup> (Cost $34,061,531,875)** | **Total Investments - 99.9%<sup>(l)</sup> (Cost $34,061,531,875)** | **Total Investments - 99.9%<sup>(l)</sup> (Cost $34,061,531,875)** | **30815610763** |
|  | **Other Assets in Excess of Liabilities - 0.1%** | **Other Assets in Excess of Liabilities - 0.1%** | **Other Assets in Excess of Liabilities - 0.1%** | **27954055** |
|  | **NET ASSETS - 100.0%** |  |  | $**30843564818** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN** as a % of Net Assets: | |
| US Government and Agency Mortgage Backed Obligations | 47.8% |
| Non-Agency Residential Collateralized Mortgage Obligations | 24.0% |
| Non-Agency Commercial Mortgage Backed Obligations | 8.0% |
| Asset Backed Obligations | 5.6% |
| US Government and Agency Obligations | 5.4% |
| Short Term Investments | 4.7% |
| Collateralized Loan Obligations | 4.4% |
| Other Assets and Liabilities | 0.1% |
| Net Assets | 100.0% |

---

**(a)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $8,766,099,386 or 28.4% of the Fund's net assets.** 

**(b)** **Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of period end.** 

**(c)** **Value determined using significant unobservable inputs.** 

**(d)** **Step Bond; Coupon rate changes based on a predetermined schedule or event. The interest rate shown is the rate in effect as of period end.** 

**(e)** **Security pays interest at rates that represent residual cashflows available after more senior tranches have been paid.** 

**(f)** **Interest only security** 

**(g)** **Inverse floating rate security whose interest rate moves in the opposite direction of reference interest rates. Reference interest rates are typically based on a negative multiplier or slope. Interest rate may also be subject to a cap or floor.** 

**(h)** **Coupon rate is variable or floats based on components including but not limited to reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of period end.** 

**(i)** **This security accrues interest which is added to the outstanding principal balance. The interest payment will be deferred until all other tranches in the structure are paid off. The rate disclosed is as of period end.** 

**(j)** **Principal only security** 

**(k)** **Seven-day yield as of period end.** 

**(l)** **99.4% of the total investments are based in the United States.** 

---

| | |
|:---|:---|
| **COFI** | **Cost of Funds Index** |
| **SOFR** | **Secured Overnight Financing Rate** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts** |  |  |  |  |  |
| **Description** | **Long/ Short** | **Contract Quantity** | **Expiration<br> Date** | **Notional <br> Amount<sup>(1)</sup>** | **Unrealized Appreciation (Depreciation)/ Value** |
| U.S. Treasury 2 Year Notes | Long | 76400 | 3/31/2026 | $15937505771 | $13978566 |
| U.S. Treasury Ultra Bonds | Short | (5325) | 3/20/2026 | (634493475) | 6143475 |
| 10 Year U.S. Ultra Treasury Notes | Short | (20900) | 3/20/2026 | (2407992051) | 4165489 |
| U.S. Treasury 5 Year Notes | Long | 39250 | 3/31/2026 | 4288290131 | 1918873 |
| U.S. Treasury Long Bonds | Long | 20050 | 3/20/2026 | 2326585656 | (8930969) |
|  |  |  |  |  | $17275434 |

---

**(1)** **Notional Amount is determined based on the number of contracts multiplied by the contract size and the quoted daily settlement price in US dollars.** 

---

| | |
|:---|:---|
| **DoubleLine Core Fixed Income Fund** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **ASSET BACKED OBLIGATIONS - 3.1%** | **ASSET BACKED OBLIGATIONS - 3.1%** | **ASSET BACKED OBLIGATIONS - 3.1%** | **ASSET BACKED OBLIGATIONS - 3.1%** | **ASSET BACKED OBLIGATIONS - 3.1%** |
|  | Aaset Trust |  |  |  |
| 2279947 | &nbsp;&nbsp;Series 2021-2A-B | 3.54 %<sup>(a)</sup> | 01/15/2047 | 2179173 |
|  | Affirm, Inc. |  |  |  |
| 4000000 | &nbsp;&nbsp;Series 2025-1A-D | 5.62 %<sup>(a)</sup> | 02/15/2033 | 4030974 |
|  | Apollo Aviation Securitization Equity Trust |  |  |  |
| 6517433 | &nbsp;&nbsp;Series 2024-1A-B | 6.90 %<sup>(a)</sup> | 05/16/2049 | 6639980 |
|  | AutoNation Finance Trust |  |  |  |
| 4450000 | &nbsp;&nbsp;Series 2025-1A-D | 5.63 %<sup>(a)</sup> | 09/10/2032 | 4536743 |
|  | Avant Credit Card Master Trust |  |  |  |
| 3000000 | &nbsp;&nbsp;Series 2025-1A-C | 5.28 %<sup>(a)</sup> | 04/15/2031 | 3002660 |
|  | Carbon Level Mitigation Trust |  |  |  |
| 17636381 | &nbsp;&nbsp;Series 2021-5-CERT | 0.61 %<sup>(a)</sup> | 10/13/2051 | 10781949 |
|  | Carvana Auto Receivables Trust |  |  |  |
| 5450000 | &nbsp;&nbsp;Series 2024-P3-A4 | 4.31% | 09/10/2030 | 5490213 |
|  | Castlelake Aircraft Securitization Trust |  |  |  |
| 898969 | &nbsp;&nbsp;Series 2021-1A-A | 3.47 %<sup>(a)</sup> | 01/15/2046 | 894116 |
|  | Compass Datacenters LLC |  |  |  |
| 1450000 | &nbsp;&nbsp;Series 2024-2A-B2 | 6.00 %<sup>(a)</sup> | 08/25/2049 | 1460923 |
| 1400000 | &nbsp;&nbsp;Series 2025-2A-A1 | 4.93 %<sup>(a)</sup> | 11/25/2050 | 1399280 |
|  | Container Leasing International LLC |  |  |  |
| 3798333 | &nbsp;&nbsp;Series 2025-1A-A | 5.35 %<sup>(a)</sup> | 06/20/2050 | 3861084 |
| 1899167 | &nbsp;&nbsp;Series 2025-1A-B | 5.59 %<sup>(a)</sup> | 06/20/2050 | 1926438 |
|  | Cyrusone Holdco LLC |  |  |  |
| 2000000 | &nbsp;&nbsp;Series 2025-1A-A2 | 5.91 %<sup>(a)</sup> | 02/20/2050 | 2031307 |
|  | DataBank Issuer II LLC |  |  |  |
| 2750000 | &nbsp;&nbsp;Series 2025-1A-A2 | 5.18 %<sup>(a)</sup> | 09/27/2055 | 2714120 |
|  | Diamond Infrastructure Funding LLC |  |  |  |
| 3000000 | &nbsp;&nbsp;Series 2021-1A-C | 3.48 %<sup>(a)</sup> | 04/15/2049 | 2913688 |
|  | DigitalBridge Group, Inc. |  |  |  |
| 6500000 | &nbsp;&nbsp;Series 2023-1A-A2A | 5.00 %<sup>(a)</sup> | 09/15/2048 | 6486347 |
|  | Domino's SPV Guarantor LLC |  |  |  |
| 4425000 | &nbsp;&nbsp;Series 2025-1A-A2II | 5.22 %<sup>(a)</sup> | 07/25/2055 | 4468756 |
|  | European Wax Center, Inc. |  |  |  |
| 2750250 | &nbsp;&nbsp;Series 2022-1A-A2 | 5.50 %<sup>(a)</sup> | 03/15/2052 | 2720366 |
|  | ExteNet LLC |  |  |  |
| 3350000 | &nbsp;&nbsp;Series 2025-1A-B | 5.70 %<sup>(a)</sup> | 07/25/2054 | 3371415 |
|  | FWEA |  |  |  |
| 5330629 | &nbsp;&nbsp;Series 2024-1-A-A | 7.15 %<sup>(b)</sup> | 08/25/2044 | 5476155 |
|  | GreenSky LLC |  |  |  |
| 1787920 | &nbsp;&nbsp;Series 2024-2-C | 5.55 %<sup>(a)</sup> | 10/27/2059 | 1807530 |
| 4166000 | &nbsp;&nbsp;Series 2025-3A-D | 5.15 %<sup>(a)</sup> | 12/27/2060 | 4167248 |
|  | Helios Issuer LLC |  |  |  |
| 1899057 | &nbsp;&nbsp;Series 2018-1A-A | 4.87 %<sup>(a)</sup> | 07/20/2048 | 1838076 |
|  | HERO Funding Trust |  |  |  |
| 901058 | &nbsp;&nbsp;Series 2016-1A-A | 4.05 %<sup>(a)</sup> | 09/20/2041 | 878006 |
|  | Horizon Aircraft Finance Ltd. |  |  |  |
| 1032480 | &nbsp;&nbsp;Series 2019-2-A | 3.43 %<sup>(a)</sup> | 11/15/2039 | 1006997 |
| 4218750 | &nbsp;&nbsp;Series 2024-1-A | 5.38 %<sup>(a)</sup> | 09/15/2049 | 4241004 |
|  | Hyundai Auto Receivables Trust |  |  |  |
| 5200000 | &nbsp;&nbsp;Series 2024-C-C | 4.86% | 02/17/2032 | 5277265 |
|  | ITE Rail Fund Levered LP |  |  |  |
| 11556276 | &nbsp;&nbsp;Series 2021-1A-A | 2.25 %<sup>(a)</sup> | 02/28/2051 | 10998910 |
|  | MACH 1 Cayman Ltd. |  |  |  |
| 2680418 | &nbsp;&nbsp;Series 2019-1-A | 3.47 %<sup>(a)</sup> | 10/15/2039 | 2661039 |
|  | Marlette Funding Trust |  |  |  |
| 1450000 | &nbsp;&nbsp;Series 2025-1A-C | 5.26 %<sup>(a)</sup> | 07/16/2035 | 1462353 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Mosaic Solar Loans LLC |  |  |  |
| 666182 | &nbsp;&nbsp;Series 2018-1A-A | 4.01 %<sup>(a)</sup> | 06/22/2043 | 629340 |
| 843092 | &nbsp;&nbsp;Series 2019-2A-B | 3.28 %<sup>(a)</sup> | 09/20/2040 | 757026 |
|  | Navient Student Loan Trust |  |  |  |
| 2333323 | &nbsp;&nbsp;Series 2018-A-B | 3.68 %<sup>(a)</sup> | 02/18/2042 | 2312584 |
| 4847893 | &nbsp;&nbsp;Series 2025-C-A | 4.80 %<sup>(a)</sup> | 10/15/2055 | 4862614 |
|  | NP Railcar Holdings LLC |  |  |  |
| 4982952 | &nbsp;&nbsp;Series 2019-1A-A2 | 3.24 %<sup>(a)</sup> | 09/20/2049 | 4366740 |
|  | Primrose Holdings, Inc. |  |  |  |
| 1995000 | &nbsp;&nbsp;Series 2025-1A-A2 | 6.46 %<sup>(a)</sup> | 07/30/2055 | 2061763 |
|  | QTS Issuer ABS II LLC |  |  |  |
| 5450000 | &nbsp;&nbsp;Series 2025-1A-B | 5.78 %<sup>(a)</sup> | 10/05/2055 | 5299308 |
|  | Scalelogix Abs Us Issuer LLC |  |  |  |
| 5730000 | &nbsp;&nbsp;Series 2025-1A-B | 6.16 %<sup>(a)</sup> | 07/25/2055 | 5764284 |
|  | SEB Funding LLC |  |  |  |
| 4987500 | &nbsp;&nbsp;Series 2021-1A-A2 | 4.97 %<sup>(a)</sup> | 01/30/2052 | 4984096 |
|  | Shenton Aircraft Investment Ltd. |  |  |  |
| 770239 | &nbsp;&nbsp;Series 2015-1A-A | 4.75 %<sup>(a)</sup> | 10/15/2042 | 759200 |
|  | SOFI Alternative Trust |  |  |  |
| 300827 | &nbsp;&nbsp;Series 2021-1-PT1 | 9.72 %<sup>(a)(c)</sup> | 05/25/2030 | 292188 |
| 102189 | &nbsp;&nbsp;Series 2021-2-A | 1.25 %<sup>(a)</sup> | 08/15/2030 | 102171 |
| 75000 | &nbsp;&nbsp;Series 2021-2-R1 | 0.00 %<sup>(a)(b)(d)</sup> | 08/15/2030 | 378276 |
|  | SoFi Consumer Loan Program Trust |  |  |  |
| 5800000 | &nbsp;&nbsp;Series 2025-4-C | 4.91 %<sup>(a)</sup> | 08/25/2035 | 5829416 |
|  | Stack Infrastructure Issuer LLC |  |  |  |
| 4000000 | &nbsp;&nbsp;Series 2025-1A-A2 | 5.00 %<sup>(a)</sup> | 05/25/2050 | 3958260 |
|  | Start Ltd./Bermuda |  |  |  |
| 1202851 | &nbsp;&nbsp;Series 2019-1-A | 4.09 %<sup>(a)</sup> | 03/15/2044 | 1203611 |
|  | Start/Bermuda |  |  |  |
| 1122865 | &nbsp;&nbsp;Series 2018-1-A | 4.09 %<sup>(a)</sup> | 05/15/2043 | 1123220 |
|  | Stellantis Financial Underwritten Enhanced Lease Trust |  |  |  |
| 2000000 | &nbsp;&nbsp;Series 2025-CA-B | 4.25 %<sup>(a)</sup> | 12/20/2029 | 2001154 |
|  | Subway Funding LLC |  |  |  |
| 4455000 | &nbsp;&nbsp;Series 2024-1A-A23 | 6.51 %<sup>(a)</sup> | 07/30/2054 | 4614046 |
| 4950000 | &nbsp;&nbsp;Series 2024-3A-A23 | 5.91 %<sup>(a)</sup> | 07/30/2054 | 4925849 |
|  | Sunrun, Inc. |  |  |  |
| 4034766 | &nbsp;&nbsp;Series 2019-2-A | 3.61 %<sup>(a)</sup> | 02/01/2055 | 3893581 |
| 9302844 | &nbsp;&nbsp;Series 2020-1A-A | 2.21 %<sup>(a)</sup> | 07/31/2051 | 8721940 |
|  | Switch Ltd. |  |  |  |
| 5290000 | &nbsp;&nbsp;Series 2024-2A-A2 | 5.44 %<sup>(a)</sup> | 06/25/2054 | 5308779 |
|  | Tesla Sustainable Energy Trust |  |  |  |
| 3600000 | &nbsp;&nbsp;Series 2024-1A-B | 5.82 %<sup>(a)</sup> | 06/21/2050 | 3612072 |
|  | Upgrade Master Pass-Thru Trust |  |  |  |
| 57116 | &nbsp;&nbsp;Series 2021-PT3-A | 15.69 %<sup>(a)(c)</sup> | 07/15/2027 | 54424 |
| 247277 | &nbsp;&nbsp;Series 2021-PT4-A | 10.26 %<sup>(a)(c)</sup> | 08/15/2027 | 225660 |
|  | Upstart Securitization Trust |  |  |  |
| 195794 | &nbsp;&nbsp;Series 2021-3-C | 3.28 %<sup>(a)</sup> | 07/20/2031 | 195446 |
| 2392216 | &nbsp;&nbsp;Series 2021-4-C | 3.19 %<sup>(a)</sup> | 09/20/2031 | 2381724 |
| 813511 | &nbsp;&nbsp;Series 2023-3-A | 6.90 %<sup>(a)</sup> | 10/20/2033 | 816350 |
|  | USASF Receivables LLC |  |  |  |
| 987267 | &nbsp;&nbsp;Series 2021-1A-C | 2.20 %<sup>(a)</sup> | 05/15/2026 | 790233 |
|  | Vantage Data Centers Holding LLC |  |  |  |
| 1075000 | &nbsp;&nbsp;Series 2020-2A-A2 | 1.99 %<sup>(a)</sup> | 09/15/2045 | 1024138 |
|  | WAVE USA |  |  |  |
| 5993096 | &nbsp;&nbsp;Series 2019-1-A | 3.60 %<sup>(a)</sup> | 09/15/2044 | 5909474 |
|  | Willis Lease Finance Corp. |  |  |  |
| 4420304 | &nbsp;&nbsp;Series 2025-A-A | 5.58 %<sup>(a)</sup> | 06/15/2050 | 4514647 |
|  | **Total Asset Backed Obligations (Cost $209,935,308)** | **Total Asset Backed Obligations (Cost $209,935,308)** | **Total Asset Backed Obligations (Cost $209,935,308)** | **204397729** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **BANK LOANS - 2.4%** | **BANK LOANS - 2.4%** | **BANK LOANS - 2.4%** | **BANK LOANS - 2.4%** | **BANK LOANS - 2.4%** |
|  | 1261229 BC Ltd. |  |  |  |
| 383075 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.25%, 0.00% Floor) | 9.97% | 10/08/2030 | 375128 |
|  | AAdvantage Loyalty IP Ltd. |  |  |  |
| 850476 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.13% | 04/20/2028 | 853559 |
| 597000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 7.13% | 05/28/2032 | 600734 |
|  | ABG Intermediate Holdings 2 LLC |  |  |  |
| 93813 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 12/21/2028 | 94071 |
|  | Acrisure LLC |  |  |  |
| 2900313 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 11/06/2030 | 2901677 |
| 407950 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 06/21/2032 | 408970 |
|  | ADMI Corp. |  |  |  |
| 717448 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.86%, 0.50% Floor) | 7.58% | 12/23/2027 | 682473 |
|  | AI Aqua Merger Sub, Inc. |  |  |  |
| 863818 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.85% | 07/31/2028 | 866694 |
| 572261 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.87% | 07/31/2028 | 574167 |
|  | Alera Group, Inc. |  |  |  |
| 598500 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 6.97% | 05/28/2032 | 602058 |
| 234413 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.50%, 0.50% Floor) | 9.22% | 05/31/2033 | 239687 |
|  | Allied Universal Holdco LLC |  |  |  |
| 957600 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 08/20/2032 | 963733 |
|  | Allison Transmission, Inc. |  |  |  |
| 820000 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 01/03/2033 | 825297 |
|  | Allspring Buyer LLC |  |  |  |
| 1547830 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.67% | 11/01/2030 | 1558085 |
|  | Alpha Generation LLC |  |  |  |
| 1355406 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 09/30/2031 | 1361403 |
|  | Alterra Mountain Co. |  |  |  |
| 74813 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 05/31/2030 | 75280 |
|  | Amentum Holdings, Inc. |  |  |  |
| 829400 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 09/29/2031 | 832767 |
|  | American Axle & Manufacturing, Inc. |  |  |  |
| 470000 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.98% | 09/20/2032 | 470978 |
|  | AmWINS Group, Inc. |  |  |  |
| 836550 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.75% Floor) | 5.97% | 01/30/2032 | 839900 |
|  | APi Group DE, Inc. |  |  |  |
| 295000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 01/03/2029 | 296444 |
|  | Applied Systems, Inc. |  |  |  |
| 330000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (3 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.17% | 02/23/2032 | 336446 |
|  | Apro LLC |  |  |  |
| 978782 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.68% | 07/09/2031 | 984899 |
|  | Ardonagh Group Finco Pty Ltd. |  |  |  |
| 39859 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.42% | 02/18/2031 | 39851 |
| 333247 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.95% | 02/18/2031 | 333179 |
| 443178 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.95% | 02/18/2031 | 443087 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Arsenal AIC Parent LLC |  |  |  |
| 121253 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 08/19/2030 | 121746 |
|  | Ascend Learning LLC |  |  |  |
| 221809 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.72% | 12/11/2028 | 222858 |
| 1461432 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.72% | 12/11/2028 | 1468344 |
|  | Aspire Bakeries Holdings LLC |  |  |  |
| 688050 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.22% | 12/23/2030 | 692870 |
|  | Astra Acquisition Corp. |  |  |  |
| 699785 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (3 mo. Term SOFR + 9.99%, 0.75% Floor) | 17.13 %<sup>(e)</sup> | 10/25/2029 | 2963 |
|  | Asurion LLC |  |  |  |
| 355000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.36%, 0.00% Floor) | 9.08% | 01/22/2029 | 349625 |
| 458831 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 7.97% | 09/19/2030 | 459475 |
| 238800 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 8.17% | 09/19/2030 | 239005 |
|  | Aveanna Healthcare LLC |  |  |  |
| 633413 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.47% | 09/17/2032 | 638201 |
|  | Bally's Corp. |  |  |  |
| 562813 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.51%, 0.50% Floor) | 7.37% | 10/02/2028 | 555939 |
|  | Bausch & Lomb T/L |  |  |  |
| 515000 | &nbsp;&nbsp;Senior Secured Term Loan | 7.78 %<sup>(f)</sup> | 01/15/2031 | 521051 |
|  | Bausch + Lomb Corp. |  |  |  |
| 547400 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.72% | 09/29/2028 | 548769 |
| 1378075 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 7.97% | 01/15/2031 | 1394267 |
|  | BCP Renaissance Parent LLC |  |  |  |
| 978122 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.17% | 10/31/2028 | 984235 |
|  | BCPE Empire Holdings, Inc. |  |  |  |
| 1614897 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 6.97% | 12/26/2030 | 1600767 |
|  | Blackfin Pipeline LLC |  |  |  |
| 545000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.75% | 09/29/2032 | 546703 |
|  | Boots Group Finco LP |  |  |  |
| 470000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.21% | 08/30/2032 | 473133 |
|  | Boxer Parent Co., Inc. |  |  |  |
| 1665236 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.82% | 07/30/2031 | 1662863 |
| 321046 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (3 mo. Term SOFR + 5.75%, 0.00% Floor) | 9.47% | 07/30/2032 | 310331 |
|  | BradyPlus Holdings LLC |  |  |  |
| 190000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.19% | 12/29/2032 | 188298 |
|  | Brown Group Holding LLC |  |  |  |
| 505829 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.22% | 07/01/2031 | 508935 |
| 182433 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.22% | 07/01/2031 | 183553 |
| 105000 | &nbsp;&nbsp;Senior Secured Term Loan (3 mo. Term SOFR + 2.50%) | 6.36% | 07/01/2031 | 105645 |
| 64093 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.47% | 07/01/2031 | 64487 |
| 87742 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.57% | 07/01/2031 | 88282 |
| 135978 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.59% | 07/01/2031 | 136814 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Burlington Coat Factory Warehouse Corp. |  |  |  |
| 173681 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.67% | 09/19/2031 | 174259 |
|  | Caesars Entertainment, Inc. |  |  |  |
| 1716365 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.50% Floor) | 5.97% | 02/06/2031 | 1703492 |
|  | Camelot US Acquisition LLC |  |  |  |
| 14441 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 01/31/2031 | 14276 |
| 681026 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 01/31/2031 | 673266 |
| 157939 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 01/31/2031 | 156140 |
|  | Castle US Holding Corp. |  |  |  |
| 297588 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.36%, 0.00% Floor) | 8.08% | 05/31/2030 | 159954 |
|  | Cengage Learning, Inc. |  |  |  |
| 362730 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 1.00% Floor) | 7.23% | 03/24/2031 | 364648 |
| 616886 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 1.00% Floor) | 7.32% | 03/24/2031 | 620150 |
|  | Central Parent LLC |  |  |  |
| 181908 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.92% | 07/06/2029 | 154675 |
|  | Chariot Buyer LLC |  |  |  |
| 945727 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 09/08/2032 | 948782 |
|  | Clarios Global LP |  |  |  |
| 1520789 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 05/06/2030 | 1524750 |
| 39900 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 01/28/2032 | 40155 |
|  | Clear Channel Outdoor Holdings, Inc. |  |  |  |
| 403588 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.11%, 0.00% Floor) | 7.83% | 08/23/2028 | 405174 |
|  | Clydesdale Acquisition Holdings, Inc. |  |  |  |
| 666440 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.18%, 0.50% Floor) | 6.89% | 04/13/2029 | 667747 |
|  | CNT Holdings I Corp. |  |  |  |
| 171951 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.75% Floor) | 6.09% | 11/08/2032 | 172551 |
|  | Colossus Acquireco LLC |  |  |  |
| 1665825 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.41% | 07/30/2032 | 1666575 |
|  | CommScope LLC |  |  |  |
| 3331318 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 2.00% Floor) | 8.67% | 12/17/2029 | 3341911 |
| 1 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 2.00% Floor) | 8.67% | 12/17/2029 | 1 |
|  | Compass Power Generation LLC |  |  |  |
| 1330443 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 04/16/2029 | 1341086 |
|  | Construction Partners, Inc. |  |  |  |
| 821700 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 11/03/2031 | 828890 |
|  | CoreLogic, Inc. |  |  |  |
| 519381 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.61%, 0.50% Floor) | 7.33% | 06/02/2028 | 520560 |
|  | Cornerstone Building Brands, Inc. |  |  |  |
| 444806 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 7.10% | 04/12/2028 | 350729 |
| 123438 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.50% Floor) | 8.25% | 05/15/2031 | 88155 |
|  | Corpay Technologies Operating Co. LLC |  |  |  |
| 198000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 04/28/2028 | 198425 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Cotiviti, Inc. |  |  |  |
| 236768 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.62% | 05/01/2031 | 228087 |
| 1124350 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.62% | 03/29/2032 | 1082193 |
|  | CPI Holdco B LLC |  |  |  |
| 1067398 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 05/19/2031 | 1070883 |
|  | CPPIB OVM Member US LLC |  |  |  |
| 484125 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.17% | 08/20/2031 | 487681 |
|  | Creative Artists Agency LLC |  |  |  |
| 104264 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 10/01/2031 | 104785 |
|  | Crosby US Acquisition Corp. |  |  |  |
| 412173 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.50% Floor) | 7.22% | 08/16/2029 | 414492 |
|  | Crown Finance US, Inc. |  |  |  |
| 1080968 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.34% | 12/02/2031 | 1068131 |
|  | CSC Holdings LLC |  |  |  |
| 374757 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (Prime Rate + 1.50%, 0.00% Floor) | 8.25% | 04/15/2027 | 328446 |
|  | Curium Bidco Sarl |  |  |  |
| 203531 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.67% | 08/07/2031 | 205821 |
| 137777 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.67% | 08/07/2031 | 139327 |
| 61218 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 7.00% | 08/07/2031 | 61907 |
|  | Cyborg Oldco DC Holdings, Inc. |  |  |  |
| 358331 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 7.30 %<sup>(b)(e)</sup> | 05/01/2026 |  |
|  | Dawn Bidco LLC |  |  |  |
| 1680000 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.73% | 10/07/2032 | 1677009 |
|  | Deep Blue Operating I LLC |  |  |  |
| 251826 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.59% | 10/01/2032 | 253032 |
|  | Dexko Global, Inc. |  |  |  |
| 339409 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.01%, 0.50% Floor) | 7.58% | 10/04/2028 | 337605 |
|  | DG Investment Intermediate Holdings 2, Inc. |  |  |  |
| 1581831 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.47% | 07/12/2032 | 1587763 |
| 130000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.50%, 0.00% Floor) | 9.22% | 07/29/2033 | 130487 |
|  | Directv Financing LLC |  |  |  |
| 60091 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.26%, 0.75% Floor) | 9.10% | 08/02/2027 | 60279 |
| 314781 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.51%, 0.75% Floor) | 9.35% | 08/02/2029 | 316263 |
|  | Dynasty Acquisition Co., Inc. |  |  |  |
| 487696 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 10/31/2031 | 490081 |
| 185504 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 10/31/2031 | 186411 |
|  | EAB Global, Inc. |  |  |  |
| 318706 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.92% | 08/16/2030 | 284166 |
|  | Eagle Parent Corp. |  |  |  |
| 81446 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 04/02/2029 | 81765 |
| 842308 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 04/02/2029 | 845614 |
| 81446 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 04/02/2029 | 81765 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Ecovyst Catalyst Technologies LLC |  |  |  |
| 213825 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.84% | 06/12/2031 | 214398 |
| 160393 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.84% | 06/12/2031 | 160823 |
|  | Edelman Financial Engines Center LLC |  |  |  |
| 789023 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 04/07/2028 | 794096 |
| 335000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.25%, 0.00% Floor) | 8.97% | 10/06/2028 | 335141 |
|  | EG America LLC |  |  |  |
| 621107 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.32% | 02/07/2028 | 624278 |
|  | Eisner Advisory Group LLC |  |  |  |
| 907322 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.50% Floor) | 7.72% | 02/28/2031 | 914839 |
|  | Element Materials Technology Group US Holdings, Inc. |  |  |  |
| 1139504 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.68%, 0.50% Floor) | 7.35% | 06/25/2029 | 1150899 |
|  | Ellucian Holdings, Inc. |  |  |  |
| 55000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.47% | 11/22/2032 | 55584 |
|  | Emrld Borrower LP |  |  |  |
| 809781 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.12% | 08/04/2031 | 812384 |
|  | Enviri Corp. |  |  |  |
| 819476 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.36%, 0.50% Floor) | 6.08% | 03/10/2028 | 820840 |
|  | Fertitta Entertainment LLC/NV |  |  |  |
| 996092 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 6.97% | 01/29/2029 | 996998 |
|  | FinThrive Software Intermediate Holdings, Inc. |  |  |  |
| 63207 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.69% | 12/18/2028 | 57218 |
| 106410 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.11%, 0.50% Floor) | 7.84% | 12/18/2028 | 73543 |
|  | First Eagle Holdings, Inc. |  |  |  |
| 281875 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.17% | 08/16/2032 | 281856 |
|  | Flutter Financing BV |  |  |  |
| 462675 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.50% Floor) | 5.67% | 06/04/2032 | 463399 |
|  | Focus Financial Partners LLC |  |  |  |
| 1342805 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 09/15/2031 | 1346578 |
|  | Fortrea Holdings, Inc. |  |  |  |
| 59794 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.50% Floor) | 7.47% | 07/01/2030 | 58038 |
|  | Freeport LNG Investments LLLP |  |  |  |
| 769054 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 7.12% | 12/21/2028 | 773142 |
|  | Froneri US, Inc. |  |  |  |
| 839278 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.12% | 09/30/2032 | 840448 |
| 362415 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.12% | 09/30/2032 | 362921 |
| 488307 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.12% | 09/30/2032 | 488988 |
|  | Frontier Communications Holdings LLC |  |  |  |
| 2515213 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.23% | 07/01/2031 | 2520331 |
|  | Gainwell Acquisition Corp. |  |  |  |
| 1350722 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.10%, 0.75% Floor) | 7.77% | 10/01/2027 | 1329448 |
|  | Garda World Security Corp. |  |  |  |
| 969322 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.75% | 02/01/2029 | 974653 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | GBT US III LLC |  |  |  |
| 549450 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.36% | 07/28/2031 | 552008 |
|  | Gen Digital, Inc. |  |  |  |
| 1014900 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 04/16/2032 | 1016930 |
|  | Genmab AS |  |  |  |
| 445000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.73% | 12/13/2032 | 447643 |
|  | GFL ES US LLC |  |  |  |
| 1271813 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.27% | 03/03/2032 | 1278808 |
|  | GIP Pilot Acquisition Partners LP |  |  |  |
| 452982 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.94% | 10/04/2030 | 454604 |
|  | Gogo Intermediate Holdings LLC |  |  |  |
| 503734 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.86%, 0.75% Floor) | 7.58% | 04/28/2028 | 461861 |
|  | Golden State Foods LLC |  |  |  |
| 158506 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.67% | 12/04/2031 | 159695 |
| 573489 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.67% | 12/04/2031 | 577790 |
|  | Graham Packaging Co., Inc. |  |  |  |
| 1115000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 08/04/2027 | 1120670 |
|  | Grant Thornton Advisors LLC |  |  |  |
| 1383183 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 05/30/2031 | 1387513 |
| 294263 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 05/30/2031 | 295787 |
|  | Green Infrastructure Partners, Inc. |  |  |  |
| 1390000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.42% | 09/24/2032 | 1395213 |
|  | Hamilton Projects Acquiror LLC |  |  |  |
| 385631 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 05/30/2031 | 388924 |
|  | Herc Holdings, Inc. |  |  |  |
| 220000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.52% | 06/02/2032 | 221421 |
|  | Hexion Holdings Corp. |  |  |  |
| 434361 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.50% Floor) | 7.73% | 03/15/2029 | 420012 |
|  | Hightower Holding LLC |  |  |  |
| 1679610 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.65% | 02/03/2032 | 1684867 |
|  | HomeServe USA Holding Corp. |  |  |  |
| 461775 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.73% | 10/21/2030 | 463220 |
|  | Hunter Douglas, Inc. |  |  |  |
| 590994 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.67% | 01/20/2032 | 595004 |
|  | Husky Injection Molding Systems Ltd. |  |  |  |
| 404596 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.47% | 02/15/2029 | 408165 |
| 404596 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.59% | 02/15/2029 | 408165 |
|  | iHeartCommunications, Inc. |  |  |  |
| 247500 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 5.89%, 0.00% Floor) | 9.61% | 05/01/2029 | 227258 |
|  | INEOS US Finance LLC |  |  |  |
| 297886 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 02/19/2030 | 242498 |
|  | INEOS US Petrochem LLC |  |  |  |
| 321366 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 7.97% | 10/07/2031 | 216721 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | ION Platform Finance US, Inc. |  |  |  |
| 878600 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.42% | 09/30/2032 | 827140 |
| 156400 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.42% | 09/30/2032 | 147240 |
|  | Iron Mountain, Inc. |  |  |  |
| 1258579 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 01/31/2031 | 1260152 |
|  | Kaman Corp. |  |  |  |
| 208762 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.32% | 02/26/2032 | 209859 |
| 287139 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.32% | 02/26/2032 | 288648 |
| 252364 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.32% | 02/26/2032 | 253690 |
| 11570 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.43% | 02/26/2032 | 11630 |
| 69990 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 70358 |
| 95713 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 96216 |
| 84403 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 84847 |
| 69821 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 70188 |
| 209268 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 210368 |
|  | Kenan Advantage Group, Inc. |  |  |  |
| 839607 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 01/25/2029 | 833730 |
|  | Lavender US HoldCo 1, Inc. |  |  |  |
| 425000 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 7.11% | 12/02/2032 | 428984 |
|  | LBM Acquisition LLC |  |  |  |
| 519168 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.85%, 0.75% Floor) | 7.58% | 06/06/2031 | 488394 |
|  | LC Ahab US Bidco LLC |  |  |  |
| 1245376 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 05/01/2031 | 1250569 |
|  | Life Time, Inc. |  |  |  |
| 575657 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.78% | 11/05/2031 | 578596 |
|  | LifePoint Health, Inc. |  |  |  |
| 1032351 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.65% | 05/19/2031 | 1036894 |
|  | Lightning Power LLC |  |  |  |
| 745563 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 08/18/2031 | 750345 |
|  | Live Nation Entertainment, Inc. |  |  |  |
| 630000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.73% | 10/21/2032 | 631575 |
|  | Lumen Technologies, Inc. |  |  |  |
| 1666978 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.46%, 2.00% Floor) | 6.18% | 04/16/2029 | 1660627 |
|  | Madison IAQ LLC |  |  |  |
| 1419923 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.70% | 06/21/2028 | 1428386 |
| 396261 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.64% | 05/06/2032 | 399255 |
|  | Madison Safety & Flow LLC |  |  |  |
| 396900 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.23% | 09/26/2031 | 400208 |
|  | McAfee Corp. |  |  |  |
| 659874 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.72% | 03/01/2029 | 611132 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Meade Pipeline Co. LLC |  |  |  |
| 525000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.69% | 09/22/2032 | 528609 |
|  | MH Sub I LLC |  |  |  |
| 1076139 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.97% | 12/31/2031 | 925985 |
|  | Michaels Cos., Inc. |  |  |  |
| 261073 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.51%, 0.75% Floor) | 8.18% | 04/17/2028 | 253068 |
|  | Mitchell International, Inc. |  |  |  |
| 979451 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 6.97% | 06/17/2031 | 983863 |
| 165000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 8.50%, 0.00% Floor) | 8.97% | 06/17/2032 | 164361 |
|  | MITER Brands Acquisition Holdco, Inc. |  |  |  |
| 648446 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 03/28/2031 | 649866 |
|  | Motion Finco Sarl |  |  |  |
| 671028 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.17% | 11/30/2029 | 596799 |
|  | MX Holdings US, Inc. |  |  |  |
| 248752 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 03/17/2032 | 250100 |
|  | Natgasoline LLC |  |  |  |
| 319091 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 5.50%, 0.00% Floor) | 9.22% | 03/29/2030 | 322415 |
|  | NEP Group, Inc. |  |  |  |
| 359272 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.22% | 10/17/2031 | 330980 |
|  | Nexstar Media, Inc. |  |  |  |
| 676600 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 06/28/2032 | 680578 |
| 1700 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 06/28/2032 | 1710 |
|  | NRG Energy, Inc. |  |  |  |
| 950165 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.59% | 04/16/2031 | 954132 |
|  | Numericable US LLC |  |  |  |
| 841802 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.88%, 0.00% Floor) | 10.86% | 05/15/2031 | 842677 |
|  | OneDigital Borrower LLC |  |  |  |
| 970758 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.72% | 07/02/2031 | 974418 |
| 166276 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.25%, 0.50% Floor) | 8.97% | 07/02/2032 | 168043 |
|  | Ontario Gaming GTA LP |  |  |  |
| 654748 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 8.24% | 08/01/2030 | 607511 |
|  | Opal US LLC |  |  |  |
| 1361588 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.69% | 04/23/2032 | 1371799 |
|  | OPENLANE, Inc. |  |  |  |
| 595000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.36% | 10/08/2032 | 596491 |
|  | Ovg Business Services LLC |  |  |  |
| 1228222 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 06/25/2031 | 1232060 |
|  | Pacific Dental Services, Inc. |  |  |  |
| 379048 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.24% | 03/17/2031 | 380954 |
|  | Par Petroleum LLC |  |  |  |
| 267446 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.95% | 02/28/2030 | 268839 |
|  | PetSmart LLC |  |  |  |
| 690000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.73% | 08/18/2032 | 688061 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Pinnacle Buyer LLC |  |  |  |
| 209153 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.49% | 10/01/2032 | 210200 |
|  | Polaris Newco LLC |  |  |  |
| 668900 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.86%, 0.50% Floor) | 7.85% | 06/05/2028 | 646578 |
|  | Pregis TopCo LLC |  |  |  |
| 492346 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.72% | 02/01/2029 | 497051 |
|  | Pretzel Parent T/L B |  |  |  |
| 658348 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.22% | 10/01/2031 | 651764 |
|  | Prime Security Services Borrower LLC |  |  |  |
| 172413 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.58% | 03/08/2032 | 172187 |
| 658401 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.58% | 03/08/2032 | 657535 |
|  | Project Aurora US Finco, Inc. |  |  |  |
| 309225 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.49% | 09/30/2032 | 311158 |
|  | Proofpoint, Inc. |  |  |  |
| 74810 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.67% | 08/31/2028 | 75319 |
|  | Pye-Barker Fire & Safety LLC |  |  |  |
| 439350 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.21% | 12/16/2032 | 442599 |
|  | Qnity Electronics, Inc. |  |  |  |
| 810000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.70% | 11/01/2032 | 814682 |
|  | Quikrete Holdings, Inc. |  |  |  |
| 635346 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 03/19/2029 | 638358 |
| 171951 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 04/14/2031 | 172640 |
| 838663 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 02/10/2032 | 842198 |
|  | Radiology Partners, Inc. |  |  |  |
| 952613 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.17% | 06/30/2032 | 952093 |
|  | RealPage, Inc. |  |  |  |
| 1018735 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.11%, 0.50% Floor) | 6.93% | 04/24/2028 | 1019128 |
| 337450 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.50% Floor) | 7.42% | 04/24/2028 | 338962 |
|  | Resideo Funding, Inc. |  |  |  |
| 802988 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 08/13/2032 | 805999 |
|  | Sabre GLBL, Inc. |  |  |  |
| 163211 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.10%, 0.00% Floor) | 9.82% | 11/15/2029 | 146890 |
| 214721 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.00%) | 10.02% | 11/15/2029 | 191102 |
|  | Savor Acquisition, Inc. |  |  |  |
| 75225 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 02/19/2032 | 75633 |
| 662831 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.84% | 02/19/2032 | 666420 |
|  | Sedgwick Claims Management Services, Inc. |  |  |  |
| 1110980 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 07/31/2031 | 1115729 |
|  | Sgh2 LLC |  |  |  |
| 483788 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.17% | 08/18/2032 | 486207 |
|  | Signia Aerospace LLC |  |  |  |
| 15818 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.44% | 12/11/2031 | 15896 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 624825 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.57% | 12/11/2031 | 627905 |
| 22145 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.57% | 12/11/2031 | 22254 |
| 511220 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.67% | 12/11/2031 | 513741 |
|  | Six Flags Entertainment Corp. |  |  |  |
| 642822 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 05/01/2031 | 636525 |
|  | Southern Veterinary Partners LLC |  |  |  |
| 1689475 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.37% | 12/04/2031 | 1689331 |
|  | Staples, Inc. |  |  |  |
| 434948 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.75%, 0.50% Floor) | 9.60% | 09/10/2029 | 414151 |
|  | Starwood Property Mortgage LLC |  |  |  |
| 370466 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 01/02/2030 | 371392 |
| 349125 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.50% Floor) | 5.97% | 09/24/2032 | 350434 |
|  | Stonepeak Bayou Holdings LP |  |  |  |
| 360000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.42% | 10/01/2032 | 326700 |
|  | StubHub Holdco Sub LLC |  |  |  |
| 662941 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.47% | 03/15/2030 | 658383 |
|  | Sunrise Financing Partnership |  |  |  |
| 660000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.43% | 02/17/2032 | 663184 |
|  | Talen Energy Supply LLC |  |  |  |
| 605000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.88% | 11/26/2032 | 605853 |
|  | Team Health Holdings, Inc. |  |  |  |
| 527350 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.34% | 06/30/2028 | 529781 |
|  | Tecta America Corp. |  |  |  |
| 825850 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 02/18/2032 | 830041 |
|  | Tiger Acquisition LLC |  |  |  |
| 814772 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.23% | 08/23/2032 | 818337 |
|  | TKO Worldwide Holdings LLC |  |  |  |
| 248750 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.87% | 11/21/2031 | 250167 |
|  | Townsquare Media, Inc. |  |  |  |
| 230557 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.00%, 0.00% Floor) | 8.88% | 02/19/2030 | 164272 |
|  | Trans Union LLC |  |  |  |
| 418625 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 06/24/2031 | 420092 |
|  | TransDigm, Inc. |  |  |  |
| 928250 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 01/20/2032 | 933017 |
| 967575 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 08/19/2032 | 972698 |
|  | Trident TPI Holdings, Inc. |  |  |  |
| 695538 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.50% Floor) | 7.42% | 09/18/2028 | 669809 |
|  | Trucordia Insurance Holdings LLC |  |  |  |
| 743138 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 7.21% | 06/17/2032 | 739422 |
|  | UKG, Inc. |  |  |  |
| 1610963 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.34% | 02/10/2031 | 1614515 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | United Natural Foods, Inc. |  |  |  |
| 347867 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.67% | 05/01/2031 | 350824 |
|  | United Talent Agency LLC |  |  |  |
| 341550 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.75% | 06/10/2032 | 344539 |
|  | Univision Communications, Inc. |  |  |  |
| 254354 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.50% Floor) | 7.33% | 01/31/2029 | 254156 |
| 736937 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 06/25/2029 | 739148 |
|  | Veritiv Operating Co. |  |  |  |
| 316891 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.67% | 11/29/2030 | 317305 |
|  | Vestis Corp. |  |  |  |
| 636719 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.07% | 02/24/2031 | 586577 |
|  | Victory Capital Holdings, Inc. |  |  |  |
| 174563 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.67% | 09/23/2032 | 175789 |
|  | Victra Holdings LLC |  |  |  |
| 1165105 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.48% | 03/29/2029 | 1168198 |
|  | Virgin Media Bristol LLC |  |  |  |
| 783482 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.28%, 0.00% Floor) | 7.05% | 03/31/2031 | 777473 |
|  | Virtus Investment Partners, Inc. |  |  |  |
| 294263 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 09/27/2032 | 296837 |
|  | Voyager Parent LLC |  |  |  |
| 195000 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 8.00% | 07/01/2032 | 195384 |
| 668848 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.42% | 07/01/2032 | 670165 |
| 109065 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.42% | 07/01/2032 | 109280 |
|  | VT Topco, Inc. |  |  |  |
| 332145 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.87% | 08/09/2030 | 328053 |
|  | Wand NewCo 3, Inc. |  |  |  |
| 964327 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 01/30/2031 | 966439 |
|  | Whatabrands LLC |  |  |  |
| 1667368 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.22% | 08/03/2028 | 1673646 |
|  | White Cap Supply Holdings LLC |  |  |  |
| 976444 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 10/29/2029 | 981527 |
|  | WhiteWater Matterhorn Holdings LLC |  |  |  |
| 185000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.31% | 06/16/2032 | 185963 |
|  | X Corp. |  |  |  |
| 840000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan | 9.50% | 10/29/2029 | 838648 |
| 2543443 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 6.65%, 0.50% Floor) | 10.45% | 10/29/2029 | 2504388 |
|  | Zayo Group Holdings, Inc. |  |  |  |
| 6210 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.11% + 0.50% PIK, 0.00% Floor) | 7.35% | 03/11/2030 | 5911 |
| 653400 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00% + 0.50% PIK, 0.00% Floor) | 7.35% | 03/11/2030 | 621920 |
|  | Zelis Payments Buyer, Inc. |  |  |  |
| 821700 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 11/26/2031 | 816564 |
|  | Ziggo Financing Partnership |  |  |  |
| 92653 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%) | 6.76% | 04/28/2028 | 92800 |
|  | **Total Bank Loans (Cost $160,815,848)** |  |  | **159717906** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **COLLATERALIZED LOAN OBLIGATIONS - 2.8%** | **COLLATERALIZED LOAN OBLIGATIONS - 2.8%** | **COLLATERALIZED LOAN OBLIGATIONS - 2.8%** | **COLLATERALIZED LOAN OBLIGATIONS - 2.8%** |  |
|  | Anthelion CLO |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2025-1A-A1 (3 mo. Term SOFR + 1.50%, 1.50% Floor) | 5.82 %<sup>(a)</sup> | 07/20/2036 | 1003515 |
|  | Apidos CLO |  |  |  |
| 5500000 | &nbsp;&nbsp;Series 2022-39A-A1R (3 mo. Term SOFR + 1.23%, 1.23% Floor) | 5.40 %<sup>(a)</sup> | 10/21/2038 | 5513328 |
|  | Bain Capital Credit CLO |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2024-4A-D1 (3 mo. Term SOFR + 3.10%, 3.10% Floor) | 6.96 %<sup>(a)</sup> | 10/23/2037 | 503448 |
| 5000000 | &nbsp;&nbsp;Series 2024-6A-A1 (3 mo. Term SOFR + 1.33%, 1.33% Floor) | 5.20 %<sup>(a)</sup> | 01/21/2038 | 5021130 |
|  | Balboa Bay Loan Funding Ltd. |  |  |  |
| 2000000 | &nbsp;&nbsp;Series 2025-2A-A1 (3 mo. Term SOFR + 1.25%, 1.25% Floor) | 4.98 %<sup>(a)</sup> | 01/20/2039 | 2000000 |
|  | Battalion CLO Ltd. |  |  |  |
| 3000000 | &nbsp;&nbsp;Series 2022-23A-A1R (3 mo. Term SOFR + 1.42%, 1.42% Floor) | 5.32 %<sup>(a)</sup> | 10/15/2037 | 3012456 |
|  | Benefit Street Partners CLO Ltd. |  |  |  |
| 6000000 | &nbsp;&nbsp;Series 2023-32A-AR (3 mo. Term SOFR + 1.21%, 1.21% Floor) | 5.07 %<sup>(a)</sup> | 10/25/2038 | 6005845 |
|  | Birch Grove CLO |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2023-5A-A1R (3 mo. Term SOFR + 1.41%, 1.41% Floor) | 5.29 %<sup>(a)</sup> | 10/20/2037 | 10037520 |
|  | Blackstone, Inc. |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2023-1A-A1R (3 mo. Term SOFR + 1.21%, 1.21% Floor) | 4.94 %<sup>(a)</sup> | 01/20/2039 | 5000000 |
|  | BlueMountain CLO Ltd. |  |  |  |
| 2000000 | &nbsp;&nbsp;Series 2016-3A-DR (3 mo. Term SOFR + 3.36%, 3.10% Floor) | 7.21 %<sup>(a)</sup> | 11/15/2030 | 2001818 |
| 2400000 | &nbsp;&nbsp;Series 2017-2A-C (3 mo. Term SOFR + 3.26%, 0.00% Floor) | 7.15 %<sup>(a)</sup> | 10/20/2030 | 2403363 |
| 2500000 | &nbsp;&nbsp;Series 2018-23A-D1R (3 mo. Term SOFR + 3.85%, 3.85% Floor) | 7.73 %<sup>(a)</sup> | 07/20/2037 | 2511092 |
|  | Canyon Capital CLO Ltd. |  |  |  |
| 2500000 | &nbsp;&nbsp;Series 2012-1RA-D (3 mo. Term SOFR + 3.26%, 0.00% Floor) | 7.17 %<sup>(a)</sup> | 07/15/2030 | 2502081 |
| 2750000 | &nbsp;&nbsp;Series 2014-1A-CR (3 mo. Term SOFR + 3.01%, 2.75% Floor) | 6.85 %<sup>(a)</sup> | 01/30/2031 | 2764579 |
|  | Canyon CLO |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2021-3A-DR (3 mo. Term SOFR + 2.85%, 2.85% Floor) | 6.75 %<sup>(a)</sup> | 07/15/2034 | 995577 |
|  | Carlyle Global Market Strategies |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2021-8A-A1R (3 mo. Term SOFR + 1.27%, 1.27% Floor) | 5.25 %<sup>(a)</sup> | 10/15/2038 | 5015600 |
| 1000000 | &nbsp;&nbsp;Series 2022-5A-D1R (3 mo. Term SOFR + 3.15%, 3.15% Floor) | 7.05 %<sup>(a)</sup> | 10/15/2037 | 1000512 |
| 4250000 | &nbsp;&nbsp;Series 2023-3A-A1R (3 mo. Term SOFR + 1.23%, 1.23% Floor) | 5.13 %<sup>(a)</sup> | 10/15/2038 | 4260306 |
|  | Cathedral Lake CLO Ltd. |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2021-8A-D1 (3 mo. Term SOFR + 3.68%, 3.42% Floor) | 7.57 %<sup>(a)</sup> | 01/20/2035 | 5018716 |
|  | Crown City CLO |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2020-1A-A1RR (3 mo. Term SOFR + 1.37%, 1.37% Floor) | 5.53 %<sup>(a)</sup> | 07/20/2038 | 5019640 |
|  | Empower CLO Ltd. |  |  |  |
| 2000000 | &nbsp;&nbsp;Series 2023-2A-AR (3 mo. Term SOFR + 1.32%, 1.32% Floor) | 5.22 %<sup>(a)</sup> | 10/15/2038 | 2006250 |
|  | Generate CLO Ltd. |  |  |  |
| 2500000 | &nbsp;&nbsp;Series 2023-12A-AR (3 mo. Term SOFR + 1.33%, 1.33% Floor) | 5.61 %<sup>(a)</sup> | 07/20/2038 | 2509980 |
| 2000000 | &nbsp;&nbsp;Series 2023-13A-A1 (3 mo. Term SOFR + 1.80%, 1.80% Floor) | 5.67 %<sup>(a)</sup> | 01/20/2037 | 2001803 |
|  | Jamestown CLO Ltd. |  |  |  |
| 2000000 | &nbsp;&nbsp;Series 2019-1A-ARR (3 mo. Term SOFR + 1.37%, 1.37% Floor) | 5.60 %<sup>(a)</sup> | 03/20/2038 | 2008009 |
|  | LCM LP |  |  |  |
| 1803389 | &nbsp;&nbsp;Series 25A-D (3 mo. Term SOFR + 3.71%, 0.00% Floor) | 7.60 %<sup>(a)</sup> | 07/20/2030 | 1805006 |
| 3250000 | &nbsp;&nbsp;Series 28A-D (3 mo. Term SOFR + 3.21%, 2.95% Floor) | 7.10 %<sup>(a)</sup> | 10/20/2030 | 3116530 |
| 4000000 | &nbsp;&nbsp;Series 30A-DR (3 mo. Term SOFR + 3.26%, 3.00% Floor) | 7.15 %<sup>(a)</sup> | 04/20/2031 | 3998660 |
|  | LCM XIII LP |  |  |  |
| 4000000 | &nbsp;&nbsp;Series 14A-DR (3 mo. Term SOFR + 3.01%, 0.00% Floor) | 6.90 %<sup>(a)</sup> | 07/20/2031 | 4016217 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Madison Park Funding Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2023-63A-A1R (3 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.27 %<sup>(a)</sup> | 07/21/2038 | 1004333 |
|  | Magnetite CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2022-35A-A1RR (3 mo. Term SOFR + 1.20%, 1.20% Floor) | 4.92 %<sup>(a)</sup> | 01/25/2039 | 1000000 |
|  | Marble Point CLO |  |  |  |
| 7500000 | &nbsp;&nbsp;Series 2020-3A-AR2 (3 mo. Term SOFR + 1.30%, 1.30% Floor) | 5.44 %<sup>(a)</sup> | 10/19/2038 | 7522931 |
|  | Menlo CLO Ltd. |  |  |  |
| 3000000 | &nbsp;&nbsp;Series 2024-1A-A1 (3 mo. Term SOFR + 1.42%, 1.42% Floor) | 5.30 %<sup>(a)</sup> | 01/20/2038 | 3013597 |
|  | Octagon Investment Partners Ltd. |  |  |  |
| 2000000 | &nbsp;&nbsp;Series 2013-1A-DR (3 mo. Term SOFR + 3.26%, 3.00% Floor) | 7.14 %<sup>(a)</sup> | 07/17/2030 | 2017872 |
| 10000000 | &nbsp;&nbsp;Series 2016-1A-DR (3 mo. Term SOFR + 3.21%, 0.00% Floor) | 7.12 %<sup>(a)</sup> | 07/15/2030 | 10010242 |
| 3500000 | &nbsp;&nbsp;Series 2019-1A-DR (3 mo. Term SOFR + 3.61%, 3.35% Floor) | 7.50 %<sup>(a)</sup> | 01/20/2035 | 3483914 |
|  | Octagon Investment Partners XXII LLC |  |  |  |
| 2500000 | &nbsp;&nbsp;Series 2014-1A-ERR (3 mo. Term SOFR + 5.71%, 5.71% Floor) | 9.57 %<sup>(a)</sup> | 01/22/2030 | 2443606 |
|  | Park Blue CLO Ltd. |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2022-1A-A1R (3 mo. Term SOFR + 1.42%, 1.42% Floor) | 5.30 %<sup>(a)</sup> | 10/20/2037 | 5020620 |
|  | Peace Park CLO Ltd. |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2021-1A-AR (3 mo. Term SOFR + 1.25%, 1.25% Floor) | 5.13 %<sup>(a)</sup> | 10/20/2038 | 5014523 |
|  | Sound Point CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2018-2A-C (3 mo. Term SOFR + 2.21%, 0.00% Floor) | 6.07 %<sup>(a)</sup> | 07/26/2031 | 1002978 |
| 7000000 | &nbsp;&nbsp;Series 2019-2A-DR (3 mo. Term SOFR + 3.56%, 3.30% Floor) | 7.47 %<sup>(a)</sup> | 07/15/2034 | 7003916 |
| 7000000 | &nbsp;&nbsp;Series 2019-3A-DR (3 mo. Term SOFR + 3.76%, 3.76% Floor) | 7.62 %<sup>(a)</sup> | 10/25/2034 | 6768480 |
| 2000000 | &nbsp;&nbsp;Series 2020-1A-DR (3 mo. Term SOFR + 3.61%, 3.61% Floor) | 7.50 %<sup>(a)</sup> | 07/20/2034 | 2001571 |
| 4000000 | &nbsp;&nbsp;Series 2020-3A-D (3 mo. Term SOFR + 3.91%, 3.65% Floor) | 7.77 %<sup>(a)</sup> | 01/25/2032 | 4005096 |
| 1250000 | &nbsp;&nbsp;Series 2021-3A-D (3 mo. Term SOFR + 3.51%, 3.25% Floor) | 7.37 %<sup>(a)</sup> | 10/25/2034 | 1210519 |
| 1000000 | &nbsp;&nbsp;Series 2021-4A-D (3 mo. Term SOFR + 3.66%, 3.66% Floor) | 7.52 %<sup>(a)</sup> | 10/25/2034 | 999920 |
|  | Storm King Park CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2022-1A-AR (3 mo. Term SOFR + 1.36%, 1.36% Floor) | 5.26 %<sup>(a)</sup> | 10/15/2037 | 1004093 |
|  | Symphony CLO Ltd. |  |  |  |
| 3000000 | &nbsp;&nbsp;Series 2015-16A-DR (3 mo. Term SOFR + 3.31%, 3.05% Floor) | 7.22 %<sup>(a)</sup> | 10/15/2031 | 3004794 |
|  | Trestles LLC |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2025-8A-A1 (3 mo. Term SOFR + 1.33%, 1.33% Floor) | 5.63 %<sup>(a)</sup> | 06/11/2035 | 10015950 |
|  | Trimaran CAVU LLC |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2021-3A-D (3 mo. Term SOFR + 4.04%, 3.78% Floor) | 7.93 %<sup>(a)</sup> | 01/18/2035 | 5010645 |
|  | Upland CLO |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2016-1A-CR (3 mo. Term SOFR + 3.16%, 0.00% Floor) | 7.05 %<sup>(a)</sup> | 04/20/2031 | 1000655 |
|  | Voya CLO Ltd. |  |  |  |
| 4000000 | &nbsp;&nbsp;Series 2018-2A-D (3 mo. Term SOFR + 3.01%, 2.75% Floor) | 6.92 %<sup>(a)</sup> | 07/15/2031 | 4011010 |
|  | Wind River CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2014-2A-ER (3 mo. Term SOFR + 6.01%, 5.75% Floor) | 9.92 %<sup>(a)</sup> | 01/15/2031 | 897406 |
| 3000000 | &nbsp;&nbsp;Series 2014-3A-DR2 (3 mo. Term SOFR + 3.66%, 3.40% Floor) | 7.52 %<sup>(a)</sup> | 10/22/2031 | 3016625 |
| 3000000 | &nbsp;&nbsp;Series 2017-1A-DR (3 mo. Term SOFR + 3.98%, 3.72% Floor) | 7.87 %<sup>(a)</sup> | 04/18/2036 | 3005443 |
| 2000000 | &nbsp;&nbsp;Series 2021-1A-D1R (3 mo. Term SOFR + 3.95%, 3.95% Floor) | 7.83 %<sup>(a)</sup> | 07/20/2037 | 2024011 |
|  | **Total Collateralized Loan Obligations (Cost $189,429,622)** | **Total Collateralized Loan Obligations (Cost $189,429,622)** | **Total Collateralized Loan Obligations (Cost $189,429,622)** | **189567731** |
| **FOREIGN CORPORATE BONDS - 5.5%** | **FOREIGN CORPORATE BONDS - 5.5%** | **FOREIGN CORPORATE BONDS - 5.5%** | **FOREIGN CORPORATE BONDS - 5.5%** |  |
| 5053000 | 180 Medical, Inc. | 5.30 %<sup>(a)</sup> | 10/08/2035 | 5048036 |
| 2210487 | Acu Petroleo Luxembourg Sarl | 7.50% | 01/13/2032 | 2258472 |
| 1900000 | Adani Electricity Mumbai Ltd. | 3.95% | 02/12/2030 | 1771143 |
| 1300000 | Adani Electricity Mumbai Ltd. | 3.87% | 07/22/2031 | 1170115 |
| 2601000 | Adani International Container Terminal Pvt Ltd. | 3.00% | 02/16/2031 | 2398242 |
| 1147500 | Adani International Container Terminal Pvt Ltd. | 3.00 %<sup>(a)</sup> | 02/16/2031 | 1058048 |
| 700000 | Adani Ports & Special Economic Zone Ltd. | 4.20% | 08/04/2027 | 691461 |
| 1800000 | Adani Ports & Special Economic Zone Ltd. | 4.38% | 07/03/2029 | 1747888 |
| 1200000 | Adani Ports & Special Economic Zone Ltd. | 3.10% | 02/02/2031 | 1064597 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 1231875 | Adani Renewable Energy RJ Ltd./Kodangal Solar Parks Pvt Ltd./Wardha Solar Maharash | 4.63% | 10/15/2039 | 1049271 |
| 1800000 | Adani Transmission Step-One Ltd. | 4.00% | 08/03/2026 | 1787276 |
| 1921850 | Adani Transmission Step-One Ltd. | 4.25% | 05/21/2036 | 1736390 |
| 3270000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 5.10% | 01/19/2029 | 3344113 |
| 4598000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust<br> (5 yr. CMT Rate + 2.72%) | 6.95% | 03/10/2055 | 4823480 |
| 2600000 | AES Espana BV | 5.70 %<sup>(a)</sup> | 05/04/2028 | 2574650 |
| 1000000 | Agrosuper SA | 4.60% | 01/20/2032 | 961615 |
| 739579 | AL Candelaria Spain SA | 7.50% | 12/15/2028 | 750037 |
| 3200000 | AL Candelaria Spain SA | 5.75 %<sup>(a)</sup> | 06/15/2033 | 2842064 |
| 1650000 | AL Candelaria Spain SA | 5.75% | 06/15/2033 | 1465439 |
| 1278366 | Altice France SA | 6.88 %<sup>(a)</sup> | 07/15/2032 | 1226719 |
| 2400000 | AngloGold Ashanti Holdings PLC | 3.38% | 11/01/2028 | 2329412 |
| 2535000 | ArcelorMittal SA | 6.00% | 06/17/2034 | 2729998 |
| 1305000 | Ardonagh Finco Ltd. | 7.75 %<sup>(a)</sup> | 02/15/2031 | 1369043 |
| 1500000 | Aris Mining Corp. | 8.00 %<sup>(a)</sup> | 10/31/2029 | 1566701 |
| 4896000 | Ashtead Capital, Inc. | 5.55 %<sup>(a)</sup> | 05/30/2033 | 5053980 |
| 5047000 | Avilease Capital Ltd. | 4.75 %<sup>(a)</sup> | 11/12/2030 | 5010713 |
| 4267000 | Avolon Holdings Funding Ltd. | 5.75 %<sup>(a)</sup> | 03/01/2029 | 4417210 |
| 5113000 | Avolon Holdings Funding Ltd. | 5.75 %<sup>(a)</sup> | 11/15/2029 | 5307280 |
| 1400000 | Banco Davivienda SA<br> (10 yr. CMT Rate + 5.10%) | 6.65 %<sup>(a)(g)</sup> | 04/22/2031 | 1329753 |
| 1500000 | Banco Davivienda SA<br> (5 yr. CMT Rate + 4.59%) | 8.13 %<sup>(a)</sup> | 07/02/2035 | 1574820 |
| 2000000 | Banco de Bogota SA | 6.25% | 05/12/2026 | 2010014 |
| 5800000 | Banco de Credito del Peru SA<br> (5 yr. CMT Rate + 2.45%) | 3.25% | 09/30/2031 | 5723583 |
| 600000 | Banco do Estado do Rio Grande do Sul SA<br> (5 yr. CMT Rate + 4.93%) | 5.38% | 01/28/2031 | 597914 |
| 200000 | Banco GNB Sudameris SA<br> (5 yr. CMT Rate + 6.66%) | 7.50% | 04/16/2031 | 198647 |
| 2937000 | Banco Industrial SA/Guatemala<br> (5 yr. CMT Rate + 4.44%) | 4.88% | 01/29/2031 | 2929951 |
| 1400000 | Banco Internacional del Peru SAA Interbank<br> (5 yr. CMT Rate + 2.07%) | 6.40 %<sup>(a)</sup> | 04/30/2035 | 1471750 |
| 750000 | Banco Internacional del Peru SAA Interbank<br> (5 yr. CMT Rate + 2.07%) | 6.40% | 04/30/2035 | 788438 |
| 2200000 | Banco Mercantil del Norte SA/Grand Cayman<br> (10 yr. CMT Rate + 5.35%) | 7.63 %<sup>(g)</sup> | 01/10/2028 | 2264546 |
| 200000 | Banco Mercantil del Norte SA/Grand Cayman<br> (10 yr. CMT Rate + 5.47%) | 7.50 %<sup>(a)(g)</sup> | 06/27/2029 | 206877 |
| 1800000 | Banco Mercantil del Norte SA/Grand Cayman<br> (5 yr. CMT Rate + 4.07%) | 8.38 %<sup>(a)(g)</sup> | 05/20/2031 | 1892250 |
| 4875000 | Barclays PLC<br> (SOFR + 1.83%) | 5.86% | 08/11/2046 | 4998398 |
| 4690000 | BAT Capital Corp. | 5.63% | 08/15/2035 | 4887922 |
| 4249000 | BAT Capital Corp. | 4.54% | 08/15/2047 | 3528088 |
| 1400000 | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX<br> (5 yr. CMT Rate + 4.31%) | 5.88% | 09/13/2034 | 1398713 |
| 2400000 | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX<br> (5 yr. CMT Rate + 4.21%) | 8.13% | 01/08/2039 | 2597971 |
| 2840000 | Bell Telephone Co. of Canada or Bell Canada<br> (5 yr. CMT Rate + 2.39%) | 6.88% | 09/15/2055 | 2941893 |
| 1200000 | Belron UK Finance PLC | 5.75 %<sup>(a)</sup> | 10/15/2029 | 1226052 |
| 3073000 | BPRL International Singapore Pte Ltd. | 4.38% | 01/18/2027 | 3075199 |
| 596947 | Buffalo Energy Mexico Holdings / Buffalo Energy Infrastructure / Buffalo Energy | 7.88 %<sup>(a)</sup> | 02/15/2039 | 655670 |
| 2100000 | CAP SA | 3.90 %<sup>(a)</sup> | 04/27/2031 | 1718691 |
| 3500000 | CAP SA | 3.90% | 04/27/2031 | 2864484 |
| 5054000 | CCL Industries, Inc. | 3.05 %<sup>(a)</sup> | 06/01/2030 | 4771709 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 4700000 | Cemex SAB de CV<br> (5 yr. CMT Rate + 4.53%) | 5.13 %<sup>(g)</sup> | 06/08/2026 | 4702361 |
| 500000 | Cemex SAB de CV<br> (5 yr. CMT Rate + 3.52%) | 7.20 %<sup>(a)(g)</sup> | 06/10/2030 | 522075 |
| 1000000 | Cencosud SA | 4.38% | 07/17/2027 | 1001002 |
| 4520837 | Chile Electricity PEC SpA | 0.00 %<sup>(a)</sup> | 01/25/2028 | 4074404 |
| 500000 | Cosan Luxembourg SA | 5.50% | 09/20/2029 | 490108 |
| 3731000 | Cosan Overseas Ltd. | 8.25 %<sup>(g)</sup> | 02/05/2026 | 3774839 |
| 5038000 | Credit Agricole SA<br> (SOFR + 1.36%) | 4.82 %<sup>(a)</sup> | 09/25/2033 | 5033287 |
| 2700000 | CSN Resources SA | 5.88% | 04/08/2032 | 2129558 |
| 850000 | Danaos Corp. | 6.88 %<sup>(a)</sup> | 10/15/2032 | 879777 |
| 4700000 | DBS Group Holdings Ltd.<br> (5 yr. CMT Rate + 1.10%) | 1.82% | 03/10/2031 | 4670460 |
| 3810000 | Diageo Investment Corp. | 5.13% | 08/15/2030 | 3949058 |
| 618361 | Digicel Group Holdings Ltd. | 0.00 %<sup>(a)(b)</sup> | 12/31/2030 | 29011 |
| 1782268 | Digicel Group Holdings Ltd. | 0.00 %<sup>(a)(b)</sup> | 12/31/2030 | 11915 |
| 4517000 | Element Fleet Management Corp. | 6.32 %<sup>(a)</sup> | 12/04/2028 | 4765952 |
| 4631000 | Element Fleet Management Corp. | 5.04 %<sup>(a)</sup> | 03/25/2030 | 4735309 |
| 835200 | Empresa Electrica Cochrane SpA | 5.50% | 05/14/2027 | 829970 |
| 1200000 | Empresas Publicas de Medellin ESP | 4.38% | 02/15/2031 | 1098689 |
| 2345000 | Enel Finance International NV | 4.13 %<sup>(a)</sup> | 09/30/2028 | 2341519 |
| 1977000 | Enel Finance International NV | 5.13 %<sup>(a)</sup> | 06/26/2029 | 2029920 |
| 400000 | EQUATE Petrochemical Co. KSC | 4.25% | 11/03/2026 | 399493 |
| 335305 | Fermaca Enterprises S de RL de CV | 6.38% | 03/30/2038 | 341675 |
| 724050 | Fideicomiso PA Pacifico Tres | 8.25% | 01/15/2035 | 760253 |
| 1600000 | Freeport Indonesia PT | 4.76% | 04/14/2027 | 1610745 |
| 400000 | Frigorifico Concepcion SA | 7.70% | 07/21/2028 | 190000 |
| 1175000 | Froneri Lux FinCo SARL | 6.00 %<sup>(a)</sup> | 08/01/2032 | 1192066 |
| 346552 | Galaxy Pipeline Assets Bidco Ltd. | 2.94% | 09/30/2040 | 295528 |
| 1030000 | Garda World Security Corp. | 6.50 %<sup>(a)</sup> | 01/15/2031 | 1054587 |
| 1125000 | Garda World Security Corp. | 8.25 %<sup>(a)</sup> | 08/01/2032 | 1147876 |
| 700000 | GCC SAB de CV | 3.61% | 04/20/2032 | 657984 |
| 340000 | Genmab AS / Genmab Finance LLC | 6.25 %<sup>(a)</sup> | 12/15/2032 | 348684 |
| 340000 | Genmab AS / Genmab Finance LLC | 7.25 %<sup>(a)</sup> | 12/15/2033 | 357426 |
| 1290000 | GGAM Finance Ltd. | 6.88 %<sup>(a)</sup> | 04/15/2029 | 1341195 |
| 2075000 | Global Aircraft Leasing Co. Ltd. | 8.75 %<sup>(a)</sup> | 09/01/2027 | 2154471 |
| 659120 | GNL Quintero SA | 4.63% | 07/31/2029 | 659844 |
| 2100000 | Gold Fields Orogen Holdings BVI Ltd. | 6.13% | 05/15/2029 | 2208667 |
| 1460000 | Grifols SA | 4.75 %<sup>(a)</sup> | 10/15/2028 | 1442976 |
| 1870000 | Husky Injection Molding Systems Ltd. / Titan Co.-Borrower LLC | 9.00 %<sup>(a)</sup> | 02/15/2029 | 1963462 |
| 2900000 | InRetail Consumer | 3.25% | 03/22/2028 | 2834490 |
| 2100000 | Intercorp Financial Services, Inc. | 4.13% | 10/19/2027 | 2096089 |
| 200000 | Intercorp Peru Ltd. | 3.88% | 08/15/2029 | 195474 |
| 1192690 | Invepar Holdings | 0.00 %<sup>(b)(e)</sup> | 12/30/2028 |  |
| 500000 | Inversiones CMPC SA<br> (5 yr. CMT Rate + 2.83%) | 6.70 %<sup>(a)</sup> | 12/09/2057 | 502780 |
| 600000 | Itau Unibanco Holding SA/Cayman Island<br> (5 yr. CMT Rate + 3.45%) | 3.88% | 04/15/2031 | 598716 |
| 3750000 | JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl | 3.75% | 12/01/2031 | 3568754 |
| 3266500 | JSW Hydro Energy Ltd. | 4.13% | 05/18/2031 | 3041966 |
| 903500 | JSW Hydro Energy Ltd. | 4.13 %<sup>(a)</sup> | 05/18/2031 | 841395 |
| 2600000 | JSW Infrastructure Ltd. | 4.95% | 01/21/2029 | 2607801 |
| 1758879 | Lima Metro Line 2 Finance Ltd. | 4.35% | 04/05/2036 | 1721082 |
| 5817000 | Lloyds Banking Group PLC<br> (1 yr. CMT Rate + 1.60%) | 6.07% | 06/13/2036 | 6118802 |
| 2465000 | Macquarie Airfinance Holdings Ltd. | 5.20 %<sup>(a)</sup> | 03/27/2028 | 2502885 |
| 2438000 | Macquarie Airfinance Holdings Ltd. | 5.15 %<sup>(a)</sup> | 03/17/2030 | 2473317 |
| 1500000 | MARB BondCo PLC | 3.95% | 01/29/2031 | 1361057 |
| 955000 | Mattamy Group Corp. | 4.63 %<sup>(a)</sup> | 03/01/2030 | 930657 |
| 500000 | Medco Laurel Tree Pte Ltd. | 6.95% | 11/12/2028 | 504068 |
| 1325000 | Merlin Entertainments Group US Holdings, Inc. | 7.38 %<sup>(a)</sup> | 02/15/2031 | 1181385 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 2550000 | Mexarrend SAPI de CV | 10.25 %<sup>(a)(e)</sup> | 07/24/2026 | 31875 |
| 1247088 | Mexico Generadora de Energia S de RL | 5.50% | 12/06/2032 | 1268335 |
| 1170000 | Millicom International Cellular SA | 5.13% | 01/15/2028 | 1168574 |
| 1980000 | Millicom International Cellular SA | 6.25% | 03/25/2029 | 1999549 |
| 2589120 | Minejesa Capital BV | 4.63% | 08/10/2030 | 2581633 |
| 400000 | Minerva Luxembourg SA | 5.88% | 01/19/2028 | 399757 |
| 1100000 | Minerva Luxembourg SA | 8.88 %<sup>(a)</sup> | 09/13/2033 | 1203303 |
| 800000 | Minerva Luxembourg SA | 8.88% | 09/13/2033 | 875130 |
| 2200000 | Minsur SA | 4.50% | 10/28/2031 | 2108579 |
| 1651236 | Mong Duong Finance Holdings BV | 5.13% | 05/07/2029 | 1634502 |
| 800000 | Movida Europe SA | 7.85 %<sup>(a)</sup> | 04/11/2029 | 756720 |
| 1500000 | Movida Europe SA | 7.85% | 04/11/2029 | 1418850 |
| 3296643 | MV24 Capital BV | 6.75% | 06/01/2034 | 3274490 |
| 5640000 | Nationwide Building Society<br> (SOFR + 1.65%) | 5.54 %<sup>(a)</sup> | 07/14/2036 | 5828243 |
| 5786000 | NatWest Group PLC<br> (1 yr. CMT Rate + 1.05%) | 5.12% | 05/23/2031 | 5944294 |
| 1050000 | NBM US Holdings, Inc. | 6.63% | 08/06/2029 | 1063613 |
| 600000 | Nexa Resources SA | 6.50% | 01/18/2028 | 615137 |
| 480000 | Nissan Motor Co. Ltd. | 4.35 %<sup>(a)</sup> | 09/17/2027 | 473844 |
| 510000 | Nissan Motor Co. Ltd. | 4.81 %<sup>(a)</sup> | 09/17/2030 | 481134 |
| 475000 | Nissan Motor Co. Ltd. | 7.75 %<sup>(a)</sup> | 07/17/2032 | 504978 |
| 3858000 | NXP BV / NXP Funding LLC / NXP USA, Inc. | 4.85% | 08/19/2032 | 3885191 |
| 3300000 | ONGC Videsh Vankorneft Pte Ltd. | 3.75% | 07/27/2026 | 3290275 |
| 1265000 | Ontario Gaming GTA LP/OTG Co.-Issuer, Inc. | 8.00 %<sup>(a)</sup> | 08/01/2030 | 1200420 |
| 1100000 | Orbia Advance Corp. SAB de CV | 6.75% | 09/19/2042 | 958567 |
| 400000 | Orbia Advance Corp. SAB de CV | 5.88% | 09/17/2044 | 310522 |
| 3700000 | Oversea-Chinese Banking Corp. Ltd.<br> (5 yr. CMT Rate + 1.58%) | 4.60% | 06/15/2032 | 3715633 |
| 600000 | Periama Holdings | 5.95% | 04/19/2026 | 601828 |
| 1875250 | Peru LNG Srl | 5.38% | 03/22/2030 | 1817451 |
| 4383183 | Prumo Participacoes e Investimentos S/A | 7.50% | 12/31/2031 | 4500192 |
| 500000 | Raizen Fuels Finance SA | 6.45% | 03/05/2034 | 408131 |
| 2000000 | Raizen Fuels Finance SA | 5.70% | 01/17/2035 | 1531631 |
| 1000000 | Reliance Industries Ltd. | 3.67% | 11/30/2027 | 992143 |
| 9281000 | Renesas Electronics Corp. | 2.17 %<sup>(a)</sup> | 11/25/2026 | 9114907 |
| 2822000 | Rio Tinto Finance USA PLC | 5.75% | 03/14/2055 | 2881063 |
| 7348000 | Royal Bank of Canada<br> (SOFR + 0.98%) | 4.31% | 11/03/2031 | 7315602 |
| 4080999 | Rutas 2 & 7 Finance Ltd. | 0.00% | 09/30/2036 | 3104416 |
| 800000 | Saavi Energia Sarl | 8.88 %<sup>(a)</sup> | 02/10/2035 | 868640 |
| 400000 | Sasol Financing USA LLC | 4.38% | 09/18/2026 | 398418 |
| 200000 | Scotiabank Peru SAA<br> (1 yr. CMT Rate + 2.31%) | 6.10 %<sup>(a)</sup> | 10/01/2035 | 207300 |
| 1205000 | Seaspan Corp. | 5.50 %<sup>(a)</sup> | 08/01/2029 | 1145404 |
| 1100000 | Simpar Europe SA | 5.20% | 01/26/2031 | 886875 |
| 13344000 | SK Hynix, Inc. | 4.25 %<sup>(a)</sup> | 09/11/2028 | 13391188 |
| 4751000 | Smurfit Kappa Treasury ULC | 5.20% | 01/15/2030 | 4906096 |
| 5116000 | Societe Generale SA<br> (SOFR + 1.73%) | 5.44 %<sup>(a)</sup> | 10/03/2036 | 5129046 |
| 2793000 | Suzano Netherlands BV | 5.50% | 01/15/2036 | 2770670 |
| 239000 | Telefonica Celular del Paraguay SA | 5.88% | 04/15/2027 | 238577 |
| 4757000 | TELUS Corp.<br> (5 yr. CMT Rate + 2.71%) | 7.00% | 10/15/2055 | 4954558 |
| 1265132 | Tierra Mojada Luxembourg II Sarl | 5.75% | 12/01/2040 | 1245219 |
| 1000000 | TK Elevator US Newco, Inc. | 5.25 %<sup>(a)</sup> | 07/15/2027 | 1000850 |
| 2466000 | Toronto-Dominion Bank | 4.93% | 10/15/2035 | 2465289 |
| 500000 | Transelec SA | 3.88% | 01/12/2029 | 490237 |
| 1812000 | Triton Container International Ltd. / TAL International Container Corp. | 3.25% | 03/15/2032 | 1648355 |
| 705000 | Trivium Packaging Finance BV | 8.25 %<sup>(a)</sup> | 07/15/2030 | 756290 |
| 5049000 | UBS Group AG<br> (SOFR + 1.34%) | 5.01 %<sup>(a)</sup> | 03/23/2037 | 5006446 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 487000 | Ultrapar International SA | 5.25% | 10/06/2026 | 487512 |
| 62116 | Unigel Luxembourg SA<br> (13.50% Cash or 15.00% PIK) | 13.50 %<sup>(e)</sup> | 12/31/2027 | 35717 |
| 44227 | Unigel Luxembourg SA<br> (13.50% Cash or 15.00% PIK) | 13.50 %<sup>(a)(e)</sup> | 12/31/2027 | 25430 |
| 51684 | Unigel Luxembourg SA<br> (11.00% Cash or 12.00% PIK) | 11.00 %<sup>(a)(e)</sup> | 12/31/2028 | 3618 |
| 222252 | Unigel Luxembourg SA<br> (11.00% Cash or 12.00% PIK) | 11.00 %<sup>(e)</sup> | 12/31/2028 | 15558 |
| 262805 | Unigel Netherlands Holding Corp. BV<br> (15.00% Cash or 15.00% PIK) | 15.00 %<sup>(e)</sup> | 12/31/2044 | 8541 |
| 2400000 | United Overseas Bank Ltd.<br> (5 yr. CMT Rate + 1.52%) | 1.75% | 03/16/2031 | 2388011 |
| 3400000 | United Overseas Bank Ltd.<br> (5 yr. CMT Rate + 1.23%) | 2.00% | 10/14/2031 | 3339167 |
| 1840000 | Vale Overseas Ltd. | 6.40% | 06/28/2054 | 1879560 |
| 1105000 | Vallourec SACA | 7.50 %<sup>(a)</sup> | 04/15/2032 | 1174651 |
| 1600000 | Vamos Europe SA | 9.20 %<sup>(a)</sup> | 01/26/2031 | 1529600 |
| 4681000 | Videotron Ltd. | 5.70 %<sup>(a)</sup> | 01/15/2035 | 4787860 |
| 400000 | Vista Energy Argentina SAU | 8.50 %<sup>(a)</sup> | 06/10/2033 | 411500 |
| 1000000 | Volcan Cia Minera SAA | 8.50 %<sup>(a)</sup> | 10/28/2032 | 1030630 |
| 450000 | Wipro IT Services LLC | 1.50% | 06/23/2026 | 444221 |
| 800000 | Yinson Bergenia Production BV | 8.50 %<sup>(a)</sup> | 01/31/2045 | 839700 |
| 400000 | Ziggo BV | 4.88 %<sup>(a)</sup> | 01/15/2030 | 378467 |
|  | **Total Foreign Corporate Bonds (Cost $370,386,106)** |  |  | **367033303** |
| **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.0%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.0%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.0%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.0%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.0%** |
| 200000 | Banco Nacional de Comercio Exterior SNC/Cayman Islands | 5.88 %<sup>(a)</sup> | 05/07/2030 | 207240 |
| 1800000 | Bank Negara Indonesia Persero Tbk PT | 3.75% | 03/30/2026 | 1790976 |
| 2790841 | Bioceanico Sovereign Certificate Ltd. | 0.00% | 06/05/2034 | 2289187 |
| 1800000 | Brazilian Government International Bond | 4.75% | 01/14/2050 | 1314900 |
| 1747568 | Chile Electricity Lux Mpc II Sarl | 5.67 %<sup>(a)</sup> | 10/20/2035 | 1819637 |
| 194174 | Chile Electricity Lux Mpc II Sarl | 5.67% | 10/20/2035 | 202182 |
| 1924250 | Chile Electricity Lux MPC Sarl | 6.01% | 01/20/2033 | 2024140 |
| 4200000 | Colombia Government International Bond | 4.13% | 05/15/2051 | 2610300 |
| 400000 | Comision Federal de Electricidad | 3.35% | 02/09/2031 | 363683 |
| 1000000 | Comision Federal de Electricidad | 6.45 %<sup>(a)</sup> | 01/24/2035 | 1030552 |
| 2250000 | Corp. Nacional del Cobre de Chile | 3.00% | 09/30/2029 | 2137009 |
| 1550000 | Dominican Republic International Bond | 5.50% | 02/22/2029 | 1572630 |
| 800000 | Dominican Republic International Bond | 4.50% | 01/30/2030 | 783200 |
| 5800000 | Ecopetrol SA | 5.88% | 11/02/2051 | 4188269 |
| 1584812 | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple | 7.25 %<sup>(a)</sup> | 01/31/2041 | 1668458 |
| 1584812 | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple | 7.25% | 01/31/2041 | 1668458 |
| 300000 | Guatemala Government Bond | 4.50% | 05/03/2026 | 300000 |
| 700000 | Guatemala Government Bond | 4.38% | 06/05/2027 | 696500 |
| 800000 | Guatemala Government Bond | 4.88% | 02/13/2028 | 805732 |
| 1800000 | Guatemala Government Bond | 5.25% | 08/10/2029 | 1826550 |
| 1400000 | Guatemala Government Bond | 5.38% | 04/24/2032 | 1418200 |
| 4192111 | Lima Metro Line 2 Finance Ltd. | 5.88% | 07/05/2034 | 4364453 |
| 2800000 | Mexico Government International Bond | 4.40% | 02/12/2052 | 2050300 |
| 7000000 | Mexico Government International Bond | 6.34% | 05/04/2053 | 6690250 |
| 2300000 | MISC Capital Two Labuan Ltd. | 3.75% | 04/06/2027 | 2286121 |
| 2600000 | Morocco Government International Bond | 2.38% | 12/15/2027 | 2497260 |
| 300000 | Morocco Government International Bond | 5.95% | 03/08/2028 | 309050 |
| 1600000 | Morocco Government International Bond | 3.00% | 12/15/2032 | 1410258 |
| 600000 | Morocco Government International Bond | 4.00% | 12/15/2050 | 439304 |
| 3300000 | OCP SA | 6.75% | 05/02/2034 | 3557926 |
| 943000 | Paraguay Government International Bond | 4.70% | 03/27/2027 | 951016 |
| 2900000 | Pertamina Persero PT | 1.40% | 02/09/2026 | 2889282 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 4200000 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | 4.13% | 05/15/2027 | 4193249 |
| 1800000 | Petrobras Global Finance BV | 5.13% | 09/10/2030 | 1766125 |
| 600000 | Petroleos Mexicanos | 6.75% | 09/21/2047 | 493721 |
|  | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $67,100,767)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $67,100,767)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $67,100,767)** | **64616118** |
| **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 4.9%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 4.9%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 4.9%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 4.9%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 4.9%** |
|  | Arbor Multifamily Mortgage Securities Trust |  |  |  |
| 22775500 | &nbsp;&nbsp;Series 2021-MF2-XB | 0.75 %<sup>(a)(c)(h)</sup> | 06/15/2054 | 862827 |
|  | AREIT Ltd. |  |  |  |
| 4000000 | &nbsp;&nbsp;Series 2024-CRE9-B (1 mo. Term SOFR + 2.54%, 2.54% Floor) | 6.29 %<sup>(a)</sup> | 05/17/2041 | 4003068 |
|  | AREIT Trust |  |  |  |
| 5650000 | &nbsp;&nbsp;Series 2025-CRE10-A (1 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.35 %<sup>(a)</sup> | 12/17/2029 | 5666769 |
|  | Banc of America Re-Remic Trust |  |  |  |
| 2638666 | &nbsp;&nbsp;Series 2016-ISQ-C | 3.61 %<sup>(a)(c)</sup> | 08/14/2034 | 935407 |
|  | BANK |  |  |  |
| 3991505 | &nbsp;&nbsp;Series 2017-BNK8-XA | 0.70 %<sup>(c)(h)</sup> | 11/15/2050 | 36881 |
| 1005000 | &nbsp;&nbsp;Series 2020-BN28-AS | 2.14% | 03/15/2063 | 890309 |
| 1910000 | &nbsp;&nbsp;Series 2021-BN32-A4 | 2.35% | 04/15/2054 | 1750361 |
| 4009000 | &nbsp;&nbsp;Series 2021-BN35-A5 | 2.29% | 06/15/2064 | 3563963 |
| 3109000 | &nbsp;&nbsp;Series 2021-BN37-C | 3.11 %<sup>(c)</sup> | 11/15/2064 | 2578044 |
| 5600000 | &nbsp;&nbsp;Series 2022-BNK39-AS | 3.18% | 02/15/2055 | 5091476 |
| 2682000 | &nbsp;&nbsp;Series 2022-BNK39-E | 2.50 %<sup>(a)</sup> | 02/15/2055 | 1817130 |
| 163222381 | &nbsp;&nbsp;Series 2025-BNK50-XA | 0.34 %<sup>(c)(h)</sup> | 05/15/2068 | 4566146 |
|  | BANK5 Trust |  |  |  |
| 5608000 | &nbsp;&nbsp;Series 2024-5YR10-AS | 5.64% | 10/15/2057 | 5769210 |
| 5478000 | &nbsp;&nbsp;Series 2024-5YR9-A3 | 5.61% | 08/15/2057 | 5704969 |
| 3280000 | &nbsp;&nbsp;Series 2025-5YR15-AS | 5.76% | 07/15/2058 | 3403532 |
| 3200000 | &nbsp;&nbsp;Series 2025-5YR19-AS | 5.61% | 12/15/2058 | 3315002 |
|  | BBCMS Trust |  |  |  |
| 4526000 | &nbsp;&nbsp;Series 2021-C12-A5 | 2.69% | 11/15/2054 | 4061875 |
| 5364000 | &nbsp;&nbsp;Series 2022-C14-A5 | 2.95 %<sup>(c)</sup> | 02/15/2055 | 4875026 |
| 5785000 | &nbsp;&nbsp;Series 2022-C16-A5 | 4.60 %<sup>(c)</sup> | 06/15/2055 | 5756037 |
| 5500000 | &nbsp;&nbsp;Series 2024-5C29-A3 | 5.21% | 09/15/2057 | 5656350 |
| 3260000 | &nbsp;&nbsp;Series 2025-5C34-A3 | 5.66% | 05/15/2058 | 3415667 |
| 3714000 | &nbsp;&nbsp;Series 2025-5C36-A3 | 5.52% | 08/15/2058 | 3877220 |
| 2500000 | &nbsp;&nbsp;Series 2025-5C37-A3 | 5.02% | 09/15/2058 | 2559506 |
| 2862000 | &nbsp;&nbsp;Series 2025-5C37-AS | 5.38 %<sup>(c)</sup> | 09/15/2058 | 2923811 |
|  | Benchmark Mortgage Trust |  |  |  |
| 4549000 | &nbsp;&nbsp;Series 2020-B19-AS | 2.15% | 09/15/2053 | 3845004 |
| 87331146 | &nbsp;&nbsp;Series 2021-B28-XA | 1.24 %<sup>(c)(h)</sup> | 08/15/2054 | 4240189 |
| 5650000 | &nbsp;&nbsp;Series 2022-B32-AS | 3.41 %<sup>(c)</sup> | 01/15/2055 | 4980057 |
| 5600000 | &nbsp;&nbsp;Series 2024-V10-A3 | 5.28% | 09/15/2057 | 5768316 |
| 4793000 | &nbsp;&nbsp;Series 2024-V11-A3 | 5.91 %<sup>(c)</sup> | 11/15/2057 | 5040970 |
| 5000000 | &nbsp;&nbsp;Series 2024-V8-A2 | 5.71% | 07/15/2057 | 5208756 |
| 4791000 | &nbsp;&nbsp;Series 2024-V8-A3 | 6.19 %<sup>(c)</sup> | 07/15/2057 | 5062501 |
| 5443000 | &nbsp;&nbsp;Series 2024-V9-A3 | 5.60% | 08/15/2057 | 5659488 |
| 3338000 | &nbsp;&nbsp;Series 2025-V15-AS | 6.17% | 06/15/2058 | 3507219 |
| 4917000 | &nbsp;&nbsp;Series 2025-V17-A3 | 5.07% | 09/15/2058 | 5042107 |
| 4953000 | &nbsp;&nbsp;Series 2025-V18-AS | 5.59% | 10/15/2058 | 5106456 |
|  | BMO Mortgage Trust |  |  |  |
| 1602000 | &nbsp;&nbsp;Series 2023-C6-ASB | 6.21% | 09/15/2056 | 1715438 |
| 653000 | &nbsp;&nbsp;Series 2024-5C3-AS | 6.29 %<sup>(c)</sup> | 02/15/2057 | 681206 |
| 5539000 | &nbsp;&nbsp;Series 2024-5C6-A3 | 5.32% | 09/15/2057 | 5700230 |
| 3729000 | &nbsp;&nbsp;Series 2024-5C7-AS | 5.89 %<sup>(c)</sup> | 11/15/2057 | 3836796 |
| 4874000 | &nbsp;&nbsp;Series 2025-5C11-AS | 5.94% | 07/15/2058 | 5076362 |
|  | Bombardier Capital Mortgage Securitization Corp. |  |  |  |
| 4000000 | &nbsp;&nbsp;Series 2025-5C6-AS | 5.58 %<sup>(c)</sup> | 10/15/2058 | 4126326 |
| 1843000 | &nbsp;&nbsp;Series 2025-5C6-C | 5.83 %<sup>(c)</sup> | 10/15/2058 | 1845346 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 5030000 | &nbsp;&nbsp;Series 2025-5C7-B | 5.86 %<sup>(c)</sup> | 12/15/2058 | 5188222 |
|  | BSPRT Co.-Issuer LLC |  |  |  |
| 5580000 | &nbsp;&nbsp;Series 2023-FL10-B (1 mo. Term SOFR + 3.27%, 3.27% Floor) | 7.02 %<sup>(a)</sup> | 09/15/2035 | 5599664 |
|  | BX Trust |  |  |  |
| 3530000 | &nbsp;&nbsp;Series 2019-OC11-E | 3.94 %<sup>(a)(c)</sup> | 12/09/2041 | 3263337 |
| 2212333 | &nbsp;&nbsp;Series 2025-ARIA-C | 5.52 %<sup>(a)(c)</sup> | 12/13/2042 | 2231446 |
|  | CENT Trust |  |  |  |
| 3233000 | &nbsp;&nbsp;Series 2025-CITY-A | 4.92 %<sup>(a)(c)</sup> | 07/10/2040 | 3275643 |
|  | CFCRE Commercial Mortgage Trust |  |  |  |
| 3267000 | &nbsp;&nbsp;Series 2017-C8-B | 4.20 %<sup>(c)</sup> | 06/15/2050 | 3179466 |
|  | Citigroup Commercial Mortgage Trust |  |  |  |
| 23342391 | &nbsp;&nbsp;Series 2016-P3-XA | 1.64 %<sup>(c)(h)</sup> | 04/15/2049 | 12495 |
| 37645620 | &nbsp;&nbsp;Series 2016-P4-XA | 1.88 %<sup>(c)(h)</sup> | 07/10/2049 | 64826 |
| 58878460 | &nbsp;&nbsp;Series 2016-P5-XA | 1.31 %<sup>(c)(h)</sup> | 10/10/2049 | 163635 |
| 4534000 | &nbsp;&nbsp;Series 2019-GC41-B | 3.20% | 08/10/2056 | 4025302 |
| 4594000 | &nbsp;&nbsp;Series 2022-GC48-A5 | 4.58 %<sup>(c)</sup> | 05/15/2054 | 4587960 |
|  | Citigroup/Deutsche Bank Commercial Mortgage Trust |  |  |  |
| 33439461 | &nbsp;&nbsp;Series 2016-C1-XA | 1.32 %<sup>(c)(h)</sup> | 05/10/2049 | 334 |
|  | Commercial Mortgage Pass Through Certificates |  |  |  |
| 1050513 | &nbsp;&nbsp;Series 2014-CR16-B | 4.58% | 04/10/2047 | 1031373 |
| 2943683 | &nbsp;&nbsp;Series 2015-LC21-C | 4.24 %<sup>(c)</sup> | 07/10/2048 | 2886465 |
| 9601478 | &nbsp;&nbsp;Series 2016-DC2-XA | 0.77 %<sup>(c)(h)</sup> | 02/10/2049 | 96 |
|  | Computershare Corporate Trust |  |  |  |
| 1691570 | &nbsp;&nbsp;Series 2015-C31-C | 4.72 %<sup>(c)</sup> | 11/15/2048 | 1666936 |
| 54923742 | &nbsp;&nbsp;Series 2016-NXS6-XA | 1.54 %<sup>(c)(h)</sup> | 11/15/2049 | 140572 |
| 2638000 | &nbsp;&nbsp;Series 2018-C45-C | 4.73% | 06/15/2051 | 2538489 |
| 3546000 | &nbsp;&nbsp;Series 2018-C48-C | 5.13 %<sup>(c)</sup> | 01/15/2052 | 3313355 |
| 17931436 | &nbsp;&nbsp;Series 2019-C49-XA | 1.23 %<sup>(c)(h)</sup> | 03/15/2052 | 512841 |
| 5500000 | &nbsp;&nbsp;Series 2019-C50-C | 4.35% | 05/15/2052 | 5051031 |
| 2705000 | &nbsp;&nbsp;Series 2020-C55-B | 3.14% | 02/15/2053 | 2468069 |
| 981470 | &nbsp;&nbsp;Series 2020-C58-A3 | 1.81% | 07/15/2053 | 892344 |
| 5510000 | &nbsp;&nbsp;Series 2020-C58-B | 2.70% | 07/15/2053 | 4739626 |
| 116076837 | &nbsp;&nbsp;Series 2021-C59-XA | 1.48 %<sup>(c)(h)</sup> | 04/15/2054 | 6515718 |
| 4853000 | &nbsp;&nbsp;Series 2025-5C5-AS | 5.92% | 07/15/2058 | 5046737 |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 6380000 | &nbsp;&nbsp;Series 2021-B33-B | 3.64 %<sup>(a)(c)</sup> | 10/10/2043 | 5717277 |
|  | CSAIL Commercial Mortgage Trust |  |  |  |
| 20661026 | &nbsp;&nbsp;Series 2016-C6-XA | 1.75 %<sup>(c)(h)</sup> | 01/15/2049 | 207 |
| 5500000 | &nbsp;&nbsp;Series 2019-C16-B | 3.88% | 06/15/2052 | 5264920 |
| 61419919 | &nbsp;&nbsp;Series 2020-C19-XA | 1.09 %<sup>(c)(h)</sup> | 03/15/2053 | 2101839 |
|  | DOLP Trust |  |  |  |
| 4070000 | &nbsp;&nbsp;Series 2021-NYC-D | 3.70 %<sup>(a)(c)</sup> | 05/10/2041 | 3501917 |
|  | GS Mortgage Securities Corp. II |  |  |  |
| 151560 | &nbsp;&nbsp;Series 2011-GC5-XA | 0.00 %<sup>(a)(c)(h)</sup> | 08/10/2044 | 108 |
| 3031000 | &nbsp;&nbsp;Series 2014-GC26-D | 4.40 %<sup>(a)(c)</sup> | 11/10/2047 | 1242680 |
| 1825000 | &nbsp;&nbsp;Series 2016-GS2-C | 4.69 %<sup>(c)</sup> | 05/10/2049 | 1789603 |
| 29723356 | &nbsp;&nbsp;Series 2016-GS2-XA | 1.64 %<sup>(c)(h)</sup> | 05/10/2049 | 297 |
| 2588000 | &nbsp;&nbsp;Series 2018-RIVR-C (1 mo. Term SOFR + 1.55%, 1.50% Floor) | 5.30 %<sup>(a)</sup> | 07/15/2035 | 54348 |
| 1070000 | &nbsp;&nbsp;Series 2019-GC42-A3 | 2.75% | 09/10/2052 | 1016708 |
|  | JP Morgan Chase Commercial Mortgage Securities |  |  |  |
| 8365943 | &nbsp;&nbsp;Series 2015-JP1-XA | 0.81 %<sup>(c)(h)</sup> | 01/15/2049 | 84 |
|  | JPMBB Commercial Mortgage Securities Trust |  |  |  |
| 7021658 | &nbsp;&nbsp;Series 2014-C25-XA | 0.41 %<sup>(c)(h)</sup> | 11/15/2047 | 70 |
| 7860000 | &nbsp;&nbsp;Series 2015-C27-D | 3.81 %<sup>(a)(c)</sup> | 02/15/2048 | 1650600 |
| 6108064 | &nbsp;&nbsp;Series 2015-C30-XA | 0.00 %<sup>(c)(h)</sup> | 07/15/2048 | 61 |
| 1385505 | &nbsp;&nbsp;Series 2015-C31-XA | 0.44 %<sup>(c)(h)</sup> | 08/15/2048 | 14 |
|  | JPMDB Commercial Mortgage Securities Trust |  |  |  |
| 7675000 | &nbsp;&nbsp;Series 2016-C2-AS | 3.48% | 06/15/2049 | 7222731 |
| 30191356 | &nbsp;&nbsp;Series 2016-C2-XA | 1.48 %<sup>(c)(h)</sup> | 06/15/2049 | 25503 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | LoanCore |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2021-CRE5-C (1 mo. Term SOFR + 2.46%, 2.46% Floor) | 6.21 %<sup>(a)</sup> | 07/15/2036 | 5002120 |
| 5650000 | &nbsp;&nbsp;Series 2025-CRE8-A (1 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.12 %<sup>(a)</sup> | 08/17/2042 | 5657814 |
|  | LSTAR Commercial Mortgage Trust |  |  |  |
| 5425000 | &nbsp;&nbsp;Series 2016-4-C | 4.68 %<sup>(a)(c)</sup> | 03/10/2049 | 5347589 |
|  | MF1 Multifamily Housing Mortgage Loan Trust |  |  |  |
| 910000 | &nbsp;&nbsp;Series 2024-FL15-A (1 mo. Term SOFR + 1.69%, 1.69% Floor) | 5.42 %<sup>(a)</sup> | 08/18/2041 | 913349 |
| 5650000 | &nbsp;&nbsp;Series 2025-FL17-A (1 mo. Term SOFR + 1.32%, 1.32% Floor) | 5.05 %<sup>(a)</sup> | 02/18/2040 | 5665187 |
|  | Morgan Stanley Bank of America Merrill Lynch Trust |  |  |  |
| 35471947 | &nbsp;&nbsp;Series 2016-C30-XA | 1.20 %<sup>(c)(h)</sup> | 09/15/2049 | 103982 |
| 6364000 | &nbsp;&nbsp;Series 2017-C33-B | 4.11% | 05/15/2050 | 6166261 |
|  | Morgan Stanley Capital I, Inc. |  |  |  |
| 22132154 | &nbsp;&nbsp;Series 2016-UB11-XA | 1.43 %<sup>(c)(h)</sup> | 08/15/2049 | 63260 |
|  | NJ |  |  |  |
| 2595000 | &nbsp;&nbsp;Series 2025-WBRK-A | 5.87 %<sup>(a)(c)</sup> | 03/05/2035 | 2698130 |
|  | NJ Trust |  |  |  |
| 2300000 | &nbsp;&nbsp;Series 2023-GSP-A | 6.48 %<sup>(a)(c)</sup> | 01/06/2029 | 2413465 |
|  | Ready Capital Corp. |  |  |  |
| 4750000 | &nbsp;&nbsp;Series 2021-FL7-C (1 mo. Term SOFR + 2.31%, 2.20% Floor) | 6.05 %<sup>(a)</sup> | 11/25/2036 | 4760631 |
|  | SG Commercial Mortgage Securities LLC |  |  |  |
| 1789000 | &nbsp;&nbsp;Series 2016-C5-B | 3.93% | 10/10/2048 | 1724035 |
| 35720455 | &nbsp;&nbsp;Series 2016-C5-XA | 1.81 %<sup>(c)(h)</sup> | 10/10/2048 | 100407 |
|  | SLG Office Trust |  |  |  |
| 4110000 | &nbsp;&nbsp;Series 2021-OVA-E | 2.85 %<sup>(a)</sup> | 07/15/2041 | 3556595 |
|  | UBS Commercial Mortgage Trust |  |  |  |
| 2491000 | &nbsp;&nbsp;Series 2017-C6-B | 4.15 %<sup>(c)</sup> | 12/15/2050 | 2329736 |
| 1450000 | &nbsp;&nbsp;Series 2017-C7-B | 4.29 %<sup>(c)</sup> | 12/15/2050 | 1410393 |
| 6958000 | &nbsp;&nbsp;Series 2017-C7-C | 4.57 %<sup>(c)</sup> | 12/15/2050 | 6691417 |
| 2896000 | &nbsp;&nbsp;Series 2018-C12-C | 5.01 %<sup>(c)</sup> | 08/15/2051 | 2651323 |
|  | UBS-Barclays Commercial Mortgage Trust |  |  |  |
| 1503790 | &nbsp;&nbsp;Series 2013-C5-B | 3.65 %<sup>(a)(c)</sup> | 03/10/2046 | 1470858 |
| 5800000 | &nbsp;&nbsp;Series 2013-C5-C | 3.72 %<sup>(a)(c)</sup> | 03/10/2046 | 5429947 |
|  | Wachovia Bank Commercial Mortgage Trust |  |  |  |
| 3652 | &nbsp;&nbsp;Series 2006-C29-IO | 0.29 %<sup>(c)(h)</sup> | 11/15/2048 | 5 |
|  | Wells Fargo Commercial Mortgage Trust |  |  |  |
| 3241000 | &nbsp;&nbsp;Series 2024-5C1-A3 | 5.93% | 07/15/2057 | 3395498 |
| 4784000 | &nbsp;&nbsp;Series 2025-5C4-A3 | 5.67% | 05/15/2058 | 5004168 |
|  | WF-RBS Commercial Mortgage Trust |  |  |  |
| 4467590 | &nbsp;&nbsp;Series 2014-C22-XA | 0.24 %<sup>(c)(h)</sup> | 09/15/2057 | 508 |
|  | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $413,382,727)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $413,382,727)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $413,382,727)** | **330064980** |
| **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 10.2%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 10.2%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 10.2%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 10.2%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 10.2%** |
|  | Adjustable Rate Mortgage Trust |  |  |  |
| 16969 | &nbsp;&nbsp;Series 2007-3-1A1 | 5.04 %<sup>(a)(c)</sup> | 11/25/2037 | 16705 |
|  | AlphaFlow Transitional Mortgage Trust |  |  |  |
| 822574 | &nbsp;&nbsp;Series 2021-WL1-A1 | 3.28 %<sup>(a)(i)</sup> | 01/25/2026 | 784454 |
|  | AMSR Trust |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2021-SFR1-F | 3.60 %<sup>(a)</sup> | 06/17/2038 | 9615938 |
| 3000000 | &nbsp;&nbsp;Series 2021-SFR2-E1 | 2.48 %<sup>(a)</sup> | 08/17/2038 | 2949757 |
| 2500000 | &nbsp;&nbsp;Series 2021-SFR2-E2 | 2.58 %<sup>(a)</sup> | 08/17/2038 | 2458095 |
| 4500000 | &nbsp;&nbsp;Series 2021-SFR2-F1 | 3.28 %<sup>(a)</sup> | 08/17/2038 | 4437257 |
| 2000000 | &nbsp;&nbsp;Series 2021-SFR2-F2 | 3.67 %<sup>(a)</sup> | 08/17/2038 | 1974330 |
| 8900000 | &nbsp;&nbsp;Series 2023-SFR2-A | 3.95 %<sup>(a)</sup> | 06/17/2040 | 8821461 |
| 15700000 | &nbsp;&nbsp;Series 2025-SFR2-B | 4.28 %<sup>(a)</sup> | 11/17/2042 | 15315463 |
|  | Argent Securities, Inc. Asset-Backed Pass-Through Certificates |  |  |  |
| 10480810 | &nbsp;&nbsp;Series 2006-M1-A2C (1 mo. Term SOFR + 0.41%, 0.30% Floor) | 4.15% | 07/25/2036 | 2835408 |
| 13345905 | &nbsp;&nbsp;Series 2006-M1-A2D (1 mo. Term SOFR + 0.59%, 0.48% Floor) | 4.33% | 07/25/2036 | 3610178 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Banc of America Funding Corp. |  |  |  |
| 129075 | &nbsp;&nbsp;Series 2005-G-A3 | 2.26 %<sup>(c)</sup> | 10/20/2035 | 89005 |
| 47726 | &nbsp;&nbsp;Series 2006-2-6A2 | 5.50% | 03/25/2036 | 47841 |
| 69601 | &nbsp;&nbsp;Series 2006-6-1A2 | 6.25% | 08/25/2036 | 60913 |
|  | Bear Stearns Asset Backed Securities Trust |  |  |  |
| 257091 | &nbsp;&nbsp;Series 2007-SD1-1A3A | 6.50% | 10/25/2036 | 84803 |
|  | CAFL Issuer LLC |  |  |  |
| 1229399 | &nbsp;&nbsp;Series 2021-RTL1-A1 | 4.24 %<sup>(a)(i)</sup> | 03/28/2029 | 1168779 |
|  | Carrington Mortgage Loan Trust |  |  |  |
| 4629556 | &nbsp;&nbsp;Series 2006-NC5-A3 (1 mo. Term SOFR + 0.26%, 0.15% Floor, 14.50% Cap) | 4.00% | 01/25/2037 | 4226842 |
|  | Chase Mortgage Finance Corp. |  |  |  |
| 762935 | &nbsp;&nbsp;Series 2007-S3-2A1 | 5.50% | 05/25/2037 | 8 |
|  | CIM Trust |  |  |  |
| 6953000 | &nbsp;&nbsp;Series 2020-R2-M2 | 3.00 %<sup>(a)(c)</sup> | 10/25/2059 | 5725073 |
|  | Citigroup Mortgage Loan Trust, Inc. |  |  |  |
| 3631375 | &nbsp;&nbsp;Series 2007-OPX1-A1A (1 mo. Term SOFR + 0.25%, 0.14% Floor) | 3.99% | 01/25/2037 | 1647180 |
| 21194245 | &nbsp;&nbsp;Series 2019-A-PT1 | 3.92 %<sup>(a)</sup> | 10/25/2058 | 17699144 |
| 35177023 | &nbsp;&nbsp;Series 2021-RP2-A1 | 1.75 %<sup>(a)(c)</sup> | 03/25/2065 | 32050950 |
| 5674000 | &nbsp;&nbsp;Series 2021-RP2-M1 | 3.25 %<sup>(a)(c)</sup> | 03/25/2065 | 4929530 |
| 4752000 | &nbsp;&nbsp;Series 2021-RP2-M2 | 3.40 %<sup>(a)(c)</sup> | 03/25/2065 | 3979410 |
| 4413000 | &nbsp;&nbsp;Series 2021-RP2-M3 | 3.40 %<sup>(a)(c)</sup> | 03/25/2065 | 3522484 |
| 12945265 | &nbsp;&nbsp;Series 2021-RP2-PT1 | 5.48 %<sup>(a)(c)</sup> | 03/25/2065 | 10880340 |
|  | Citimortgage Alternative Loan Trust |  |  |  |
| 44727 | &nbsp;&nbsp;Series 2006-A2-A2 | 6.00% | 05/25/2036 | 42720 |
| 26535 | &nbsp;&nbsp;Series 2006-A5-3A3Pool 2006-A5 | 6.00% | 10/25/2036 | 22385 |
| 190303 | &nbsp;&nbsp;Series 2007-A1-1A7 | 6.00% | 01/25/2037 | 173867 |
| 5788091 | &nbsp;&nbsp;Series 2007-A2-1A5 | 6.00% | 02/25/2037 | 5261979 |
| 2665930 | &nbsp;&nbsp;Series 2007-A5-1A10 | 5.75% | 05/25/2037 | 2415843 |
|  | CitiMortgage, Inc. |  |  |  |
| 16604 | &nbsp;&nbsp;Series 2005-1-1A4 | 5.50% | 02/25/2035 | 16305 |
|  | Colony American Finance Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2020-4-E | 3.38 %<sup>(a)</sup> | 12/15/2052 | 888180 |
|  | Countrywide Alternative Loan Trust |  |  |  |
| 53705 | &nbsp;&nbsp;Series 2005-20CB-1A1 | 5.50% | 07/25/2035 | 42457 |
| 117607 | &nbsp;&nbsp;Series 2005-28CB-3A6 | 6.00% | 08/25/2035 | 43989 |
| 11209830 | &nbsp;&nbsp;Series 2005-37T1-A5 (1 mo. Term SOFR + 0.56%, 0.45% Floor, 5.50% Cap) | 4.30% | 09/25/2035 | 6960706 |
| 380708 | &nbsp;&nbsp;Series 2005-46CB-A22 | 5.25% | 10/25/2035 | 256826 |
| 6144748 | &nbsp;&nbsp;Series 2005-49CB-A2 | 5.50% | 11/25/2035 | 3824808 |
| 56929 | &nbsp;&nbsp;Series 2005-J10-1A13 (1 mo. Term SOFR + 0.81%, 0.70% Floor, 5.50% Cap) | 4.55% | 10/25/2035 | 32716 |
| 244700 | &nbsp;&nbsp;Series 2006-26CB-A9 | 6.50% | 09/25/2036 | 116817 |
| 5751541 | &nbsp;&nbsp;Series 2006-42-1A8 | 6.00% | 01/25/2047 | 3076162 |
| 926776 | &nbsp;&nbsp;Series 2007-12T1-A1 | 6.00% | 06/25/2037 | 407521 |
| 5868284 | &nbsp;&nbsp;Series 2007-12T1-A3 | 6.00% | 06/25/2037 | 2580396 |
| 988039 | &nbsp;&nbsp;Series 2007-16CB-2A1 (1 mo. Term SOFR + 0.56%, 0.45% Floor, 7.00% Cap) | 4.30% | 08/25/2037 | 303896 |
| 286111 | &nbsp;&nbsp;Series 2007-16CB-2A2 (-8 x 1 mo. Term SOFR + 53.63%, 0.00% Floor, 54.58% Cap) | 22.53 %<sup>(j)</sup> | 08/25/2037 | 390773 |
| 52233 | &nbsp;&nbsp;Series 2007-17CB-1A10 (-5 x 1 mo. Term SOFR + 29.37%, 0.00% Floor, 29.90% Cap) | 12.21 %<sup>(j)</sup> | 08/25/2037 | 45618 |
| 230455 | &nbsp;&nbsp;Series 2007-18CB-2A17 | 6.00% | 08/25/2037 | 134170 |
| 1263132 | &nbsp;&nbsp;Series 2007-23CB-A3 (1 mo. Term SOFR + 0.61%, 0.50% Floor, 7.00% Cap) | 4.35% | 09/25/2037 | 431106 |
| 1240812 | &nbsp;&nbsp;Series 2007-23CB-A4 (-1 x 1 mo. Term SOFR + 6.39%, 0.00% Floor, 6.50% Cap) | 2.65 %<sup>(h)(j)</sup> | 09/25/2037 | 201154 |
| 5425537 | &nbsp;&nbsp;Series 2007-8CB-A1 | 5.50% | 05/25/2037 | 2632271 |
| 3916175 | &nbsp;&nbsp;Series 2007-OA8-2A1 (1 mo. Term SOFR + 0.47%, 0.36% Floor) | 4.21% | 06/25/2047 | 3270570 |
|  | Countrywide Home Loan Mortgage Pass Through Trust |  |  |  |
| 136253 | &nbsp;&nbsp;Series 2005-28-A7 | 5.25% | 11/01/2035 | 69183 |
| 403293 | &nbsp;&nbsp;Series 2007-10-A5 | 6.00% | 07/25/2037 | 177525 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 141166 | &nbsp;&nbsp;Series 2007-15-1A16 | 6.25% | 09/25/2037 | 82961 |
| 422509 | &nbsp;&nbsp;Series 2007-3-A17 | 6.00% | 04/25/2037 | 189817 |
|  | Credit Suisse First Boston Mortgage Securities Corp. |  |  |  |
| 45410 | &nbsp;&nbsp;Series 2005-10-5A5 | 5.50% | 11/25/2035 | 31756 |
|  | Credit Suisse Management LLC |  |  |  |
| 467580 | &nbsp;&nbsp;Series 2005-8-1A3 | 5.25% | 09/25/2035 | 361374 |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 2364895 | &nbsp;&nbsp;Series 2006-4-6A1 | 6.00% | 05/25/2036 | 824447 |
| 19564 | &nbsp;&nbsp;Series 2006-4-7A1 | 5.50% | 05/25/2056 | 11445 |
| 62272 | &nbsp;&nbsp;Series 2007-1-3A1 | 6.00% | 02/25/2026 | 7201 |
| 7681 | &nbsp;&nbsp;Series 2007-2-2A1 | 5.00% | 03/25/2037 | 5815 |
| 3011330 | &nbsp;&nbsp;Series 2009-3R-19A2 | 6.00 %<sup>(a)</sup> | 01/27/2038 | 1284291 |
| 475046 | &nbsp;&nbsp;Series 2010-4R-3A17 | 6.00 %<sup>(a)(c)</sup> | 06/26/2037 | 436450 |
| 25984708 | &nbsp;&nbsp;Series 2020-RPL1-PT1 | 3.29 %<sup>(a)(c)</sup> | 10/25/2069 | 21408008 |
| 9035400 | &nbsp;&nbsp;Series 2020-RPL4-M1 | 2.50 %<sup>(a)</sup> | 01/25/2060 | 7201879 |
|  | Credit-Based Asset Servicing and Securitization LLC |  |  |  |
| 5274187 | &nbsp;&nbsp;Series 2007-RP1-A (1 mo. Term SOFR + 0.42%, 0.31% Floor) | 4.38 %<sup>(a)</sup> | 05/25/2046 | 4735252 |
|  | Deutsche ALT-A Securities, Inc. |  |  |  |
| 3569884 | &nbsp;&nbsp;Series 2005-6-2A1 | 5.50% | 12/25/2035 | 3055160 |
| 2897051 | &nbsp;&nbsp;Series 2005-AR2-2A1 | 4.84 %<sup>(c)</sup> | 10/25/2035 | 1970535 |
|  | Deutsche Mortgage Securities, Inc. |  |  |  |
| 315727 | &nbsp;&nbsp;Series 2006-PR1-3A1 | 6.71 %<sup>(a)(j)</sup> | 04/15/2036 | 292229 |
| 12887 | &nbsp;&nbsp;Series 2006-PR1-4AI2 | 7.23 %<sup>(a)(j)</sup> | 04/15/2036 | 12590 |
| 507717 | &nbsp;&nbsp;Series 2006-PR1-5AI4 | 6.71 %<sup>(a)(j)</sup> | 04/15/2036 | 486837 |
|  | Ellington Financial Mortgage Trust |  |  |  |
| 15681000 | &nbsp;&nbsp;Series 2025-INV4-M1 | 6.00 %<sup>(a)(c)</sup> | 10/25/2070 | 15784688 |
|  | First Franklin Mortgage Loan Asset Backed Certificates |  |  |  |
| 15984000 | &nbsp;&nbsp;Series 2006-FF15-A6 (1 mo. Term SOFR + 0.42%, 0.31% Floor) | 4.16% | 11/25/2036 | 14015315 |
| 9642528 | &nbsp;&nbsp;Series 2007-FF2-A1 (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 4.13% | 03/25/2037 | 5078216 |
|  | First Horizon Alternative Mortgage Securities |  |  |  |
| 189780 | &nbsp;&nbsp;Series 2006-FA2-1A5 | 6.00% | 05/25/2036 | 69351 |
| 31742 | &nbsp;&nbsp;Series 2006-RE1-A1 | 5.50 %<sup>(c)</sup> | 05/25/2035 | 19690 |
|  | Freedom Mortgage Parent LLC |  |  |  |
| 16440000 | &nbsp;&nbsp;Series 2021-GT2-A | 3.85 %<sup>(a)(c)</sup> | 10/25/2026 | 15947561 |
|  | GCAT |  |  |  |
| 6944000 | &nbsp;&nbsp;Series 2021-NQM6-M1 | 3.41 %<sup>(a)(c)</sup> | 08/25/2066 | 5504051 |
|  | GMAC Mortgage Corp. Loan Trust |  |  |  |
| 974142 | &nbsp;&nbsp;Series 2006-J1-A6 | 5.75% | 04/25/2036 | 847868 |
|  | GS Mortgage-Backed Securities Trust |  |  |  |
| 7546000 | &nbsp;&nbsp;Series 2020-NQM1-M1 | 3.29 %<sup>(a)(c)</sup> | 09/27/2060 | 7256200 |
| 5804372 | &nbsp;&nbsp;Series 2025-NQM2-A1 | 5.65 %<sup>(a)(i)</sup> | 06/25/2065 | 5868325 |
| 2487588 | &nbsp;&nbsp;Series 2025-NQM2-A3 | 5.90 %<sup>(a)(i)</sup> | 06/25/2065 | 2510588 |
|  | GSAA Trust |  |  |  |
| 2259 | &nbsp;&nbsp;Series 2005-7-AF5 | 5.11 %<sup>(i)</sup> | 05/25/2035 | 2241 |
| 929629 | &nbsp;&nbsp;Series 2007-10-A2A | 6.50% | 11/25/2037 | 333276 |
|  | GSR Mortgage Loan Trust |  |  |  |
| 1022861 | &nbsp;&nbsp;Series 2006-3F-4A1 | 6.00% | 03/25/2036 | 877953 |
| 22702102 | &nbsp;&nbsp;Series 2006-OA1-1A1 (1 mo. Term SOFR + 0.55%, 0.44% Floor) | 4.29% | 08/25/2046 | 4672088 |
| 21203 | &nbsp;&nbsp;Series 2007-1F-2A2 | 5.50% | 01/25/2037 | 116696 |
|  | Home Partners of America Trust |  |  |  |
| 2407197 | &nbsp;&nbsp;Series 2021-1-D | 2.48 %<sup>(a)</sup> | 09/17/2041 | 2187143 |
| 1106495 | &nbsp;&nbsp;Series 2021-1-E | 2.58 %<sup>(a)</sup> | 09/17/2041 | 1004105 |
| 1245215 | &nbsp;&nbsp;Series 2021-1-F | 3.33 %<sup>(a)</sup> | 09/17/2041 | 1128963 |
|  | HOMES Trust |  |  |  |
| 7912684 | &nbsp;&nbsp;Series 2025-AFC4-A3 | 5.40 %<sup>(a)(i)</sup> | 11/25/2060 | 7930934 |
| 2500000 | &nbsp;&nbsp;Series 2025-AFC4-M1 | 5.78 %<sup>(a)(c)</sup> | 11/25/2060 | 2507250 |
|  | HSI Asset Securitization Corp. |  |  |  |
| 20963488 | &nbsp;&nbsp;Series 2006-HE1-1A1 (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 4.13% | 10/25/2036 | 5606136 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 8468285 | &nbsp;&nbsp;Series 2007-NC1-A3 (1 mo. Term SOFR + 0.47%, 0.36% Floor) | 4.21% | 04/25/2037 | 5575523 |
|  | Impac Secured Assets CMN Owner Trust |  |  |  |
| 19037504 | &nbsp;&nbsp;Series 2006-5-1A1C (1 mo. Term SOFR + 0.65%, 0.54% Floor, 11.50% Cap) | 4.39% | 02/25/2037 | 17572667 |
|  | Imperial Fund Mortgage Trust |  |  |  |
| 2728000 | &nbsp;&nbsp;Series 2021-NQM4-M1 | 3.45 %<sup>(a)(c)</sup> | 01/25/2057 | 2184123 |
|  | Indymac IMSC Mortgage Loan Trust |  |  |  |
| 1224300 | &nbsp;&nbsp;Series 2007-HOA1-A11 (1 mo. Term SOFR + 0.47%, 0.36% Floor) | 4.21% | 07/25/2047 | 835180 |
| 1217488 | &nbsp;&nbsp;Series 2007-HOA1-A24 (1 mo. Term SOFR + 0.73%, 0.62% Floor) | 4.47% | 07/25/2047 | 838544 |
|  | Invitation Homes Trust |  |  |  |
| 13127000 | &nbsp;&nbsp;Series 2024-SFR1-D | 4.25 %<sup>(a)</sup> | 09/17/2041 | 12738464 |
|  | JP Morgan Alternative Loan Trust |  |  |  |
| 1629548 | &nbsp;&nbsp;Series 2005-A2-1M1 (1 mo. Term SOFR + 0.80%, 0.69% Floor, 11.50% Cap) | 4.54% | 01/25/2036 | 1607370 |
| 1488210 | &nbsp;&nbsp;Series 2006-S3-A4 | 6.81 %<sup>(i)</sup> | 08/25/2036 | 1468533 |
| 16586 | &nbsp;&nbsp;Series 2006-S3-A6 | 6.62 %<sup>(i)</sup> | 08/25/2036 | 16602 |
| 15906 | &nbsp;&nbsp;Series 2006-S4-A6 | 6.21 %<sup>(i)</sup> | 12/25/2036 | 18225 |
|  | JP Morgan Mortgage Acquisition Corp. |  |  |  |
| 12553943 | &nbsp;&nbsp;Series 2006-WMC2-A5 (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 4.35% | 07/25/2036 | 5879368 |
| 14311871 | &nbsp;&nbsp;Series 2006-WMC3-A4 (1 mo. Term SOFR + 0.41%, 0.30% Floor) | 4.15% | 08/25/2036 | 10910579 |
| 11984350 | &nbsp;&nbsp;Series 2006-WMC4-A5 (1 mo. Term SOFR + 0.53%, 0.42% Floor) | 4.27% | 12/25/2036 | 6318488 |
|  | JP Morgan Mortgage Trust |  |  |  |
| 155216 | &nbsp;&nbsp;Series 2007-S3-1A7 | 6.00% | 08/25/2037 | 64127 |
|  | Legacy Mortgage Asset Trust |  |  |  |
| 19155056 | &nbsp;&nbsp;Series 2019-RPL3-PT1 | 0.00 %<sup>(a)</sup> | 06/25/2058 | 17158787 |
| 7768203 | &nbsp;&nbsp;Series 2021-GS3-A2 | 7.25 %<sup>(a)(i)</sup> | 07/25/2061 | 7771282 |
|  | Lehman Mortgage Trust |  |  |  |
| 368488 | &nbsp;&nbsp;Series 2006-3-1A5 | 6.00% | 07/25/2036 | 178340 |
| 23923 | &nbsp;&nbsp;Series 2006-9-1A19 (-5 x 1 mo. Term SOFR + 30.16%, 0.00% Floor, 30.68% Cap) | 12.99 %<sup>(j)</sup> | 01/25/2037 | 23318 |
| 85293 | &nbsp;&nbsp;Series 2007-2-1A1 | 5.75% | 02/25/2037 | 55490 |
|  | Lehman XS Trust |  |  |  |
| 2711255 | &nbsp;&nbsp;Series 2005-9N-1A1 (1 mo. Term SOFR + 0.38%, 0.27% Floor) | 4.12% | 02/25/2036 | 2586561 |
| 2162084 | &nbsp;&nbsp;Series 2007-1-1A2 (1 mo. Term SOFR + 0.43%, 0.32% Floor) | 4.17% | 02/25/2037 | 2113743 |
| 8291303 | &nbsp;&nbsp;Series 2007-15N-3A1 (1 mo. Term SOFR + 0.36%, 0.25% Floor) | 4.10% | 08/25/2047 | 7121927 |
| 7581914 | &nbsp;&nbsp;Series 2007-3-2A3 (1 mo. Term SOFR + 0.59%, 0.48% Floor) | 4.14% | 03/25/2037 | 7185312 |
|  | Long Beach Mortgage Loan Trust |  |  |  |
| 32714821 | &nbsp;&nbsp;Series 2006-2-2A3 (1 mo. Term SOFR + 0.49%, 0.38% Floor) | 4.23% | 03/25/2046 | 10885925 |
| 12593517 | &nbsp;&nbsp;Series 2006-3-2A3 (1 mo. Term SOFR + 0.47%, 0.36% Floor) | 4.21% | 05/25/2046 | 3760272 |
| 14745607 | &nbsp;&nbsp;Series 2006-6-2A3 (1 mo. Term SOFR + 0.41%, 0.30% Floor) | 4.15% | 07/25/2036 | 5844301 |
|  | MASTR Alternative Loans Trust |  |  |  |
| 73761 | &nbsp;&nbsp;Series 2005-2-3A1 | 6.00% | 03/25/2035 | 57671 |
| 4429051 | &nbsp;&nbsp;Series 2006-1-A5 | 6.00% | 02/25/2036 | 1821736 |
| 32220 | &nbsp;&nbsp;Series 2007-1-2A7 | 6.00% | 10/25/2036 | 8854 |
|  | Mastr Asset Backed Securities Trust |  |  |  |
| 9931316 | &nbsp;&nbsp;Series 2005-NC2-A3 (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 4.35% | 11/25/2035 | 5667859 |
|  | MASTR Asset Securitization Trust |  |  |  |
| 686202 | &nbsp;&nbsp;Series 2006-2-1A11 (1 mo. Term SOFR + 6.00%, 6.00% Floor) | 6.00% | 06/25/2036 | 377644 |
|  | Merrill Lynch Alternative Note Asset |  |  |  |
| 1615553 | &nbsp;&nbsp;Series 2007-F1-2A8 | 6.00% | 03/25/2037 | 506047 |
|  | Merrill Lynch Mortgage Investors, Inc. |  |  |  |
| 4630975 | &nbsp;&nbsp;Series 2007-MLN1-A1 (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 4.35% | 03/25/2037 | 3663709 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Morgan Stanley ABS Capital I, Inc. |  |  |  |
| 6980163 | &nbsp;&nbsp;Series 2006-HE5-A2C (1 mo. Term SOFR + 0.39%, 0.28% Floor) | 4.13% | 08/25/2036 | 3521496 |
|  | Morgan Stanley Mortgage Loan Trust |  |  |  |
| 19538 | &nbsp;&nbsp;Series 2004-1-1A1 | 5.00% | 11/25/2033 | 13980 |
| 356011 | &nbsp;&nbsp;Series 2005-7-7A4 | 5.50% | 11/25/2035 | 312143 |
| 1246313 | &nbsp;&nbsp;Series 2006-7-3A | 5.06 %<sup>(c)</sup> | 06/25/2036 | 634899 |
| 23507581 | &nbsp;&nbsp;Series 2007-2AX-2A2 (1 mo. Term SOFR + 0.43%, 0.32% Floor) | 4.17% | 12/25/2036 | 8042891 |
| 7379574 | &nbsp;&nbsp;Series 2007-7AX-2A1 (1 mo. Term SOFR + 0.35%, 0.24% Floor) | 4.09% | 04/25/2037 | 1963277 |
|  | MortgageIT Trust |  |  |  |
| 12710893 | &nbsp;&nbsp;Series 2007-1-2A11 (1 mo. Term SOFR + 0.55%, 0.44% Floor) | 4.29% | 06/25/2047 | 11074848 |
|  | New Century Home Equity Loan Trust |  |  |  |
| 6000000 | &nbsp;&nbsp;Series 2005-B-M2 (1 mo. Term SOFR + 0.85%, 0.74% Floor) | 4.58% | 10/25/2035 | 5377320 |
|  | Nomura Asset Acceptance Corp. |  |  |  |
| 156724 | &nbsp;&nbsp;Series 2006-AP1-A2 | 5.52 %<sup>(c)</sup> | 01/25/2036 | 44096 |
|  | Nomura Home Equity Loan, Inc. |  |  |  |
| 484230 | &nbsp;&nbsp;Series 2006-AF1-A2 | 6.30 %<sup>(i)</sup> | 10/25/2036 | 82972 |
| 790066 | &nbsp;&nbsp;Series 2007-1-1A1 | 6.56 %<sup>(i)</sup> | 02/25/2037 | 200061 |
|  | Option One Mortgage Loan Trust |  |  |  |
| 24107 | &nbsp;&nbsp;Series 2004-3-M3 (1 mo. Term SOFR + 1.09%, 0.98% Floor) | 4.82% | 11/25/2034 | 26272 |
| 14539840 | &nbsp;&nbsp;Series 2007-6-1A1 (1 mo. Term SOFR + 0.30%, 0.19% Floor) | 4.04% | 07/25/2037 | 13195355 |
|  | PR Mortgage Loan Trust |  |  |  |
| 3962330 | &nbsp;&nbsp;Series 2014-1-APT | 5.85 %<sup>(a)(c)</sup> | 10/25/2049 | 3764589 |
|  | Pretium Mortgage Credit Partners LLC |  |  |  |
| 15617147 | &nbsp;&nbsp;Series 2024-NPL6-A1 | 5.93 %<sup>(a)(i)</sup> | 10/25/2054 | 15637700 |
| 2873535 | &nbsp;&nbsp;Series 2025-NPL7-A1 | 5.66 %<sup>(a)(i)</sup> | 07/25/2055 | 2883144 |
|  | Progress Residential Trust |  |  |  |
| 3404000 | &nbsp;&nbsp;Series 2021-SFR6-E2 | 2.53 %<sup>(a)</sup> | 07/17/2038 | 3359861 |
| 4666000 | &nbsp;&nbsp;Series 2021-SFR6-F | 3.42 %<sup>(a)</sup> | 07/17/2038 | 4621298 |
| 5100000 | &nbsp;&nbsp;Series 2021-SFR8-F | 3.18 %<sup>(a)</sup> | 10/17/2038 | 5023990 |
| 2400000 | &nbsp;&nbsp;Series 2025-SFR5-D | 4.00 %<sup>(a)</sup> | 10/17/2042 | 2279563 |
|  | PRPM LLC |  |  |  |
| 3700076 | &nbsp;&nbsp;Series 2025-4-A1 | 6.18 %<sup>(a)(i)</sup> | 06/25/2030 | 3709869 |
|  | RALI Trust |  |  |  |
| 92591 | &nbsp;&nbsp;Series 2005-QS14-3A3 | 6.00% | 09/25/2035 | 81890 |
| 121820 | &nbsp;&nbsp;Series 2006-QS10-A4 | 5.75% | 08/25/2036 | 105264 |
| 1329298 | &nbsp;&nbsp;Series 2006-QS10-A9 | 6.50% | 08/25/2036 | 1192536 |
| 1410177 | &nbsp;&nbsp;Series 2006-QS4-A10 | 6.00% | 04/25/2036 | 1156259 |
| 281015 | &nbsp;&nbsp;Series 2006-QS6-1A15 | 6.00% | 06/25/2036 | 231531 |
| 1509 | &nbsp;&nbsp;Series 2006-QS6-2A1 | 6.00% | 12/25/2026 |  |
| 18829637 | &nbsp;&nbsp;Series 2007-QH5-AII (1 mo. Term SOFR + 0.57%, 0.46% Floor) | 4.31% | 06/25/2037 | 8290876 |
| 500337 | &nbsp;&nbsp;Series 2007-QS3-A4 | 6.25% | 02/25/2037 | 418326 |
| 1722150 | &nbsp;&nbsp;Series 2007-QS9-A33 | 6.50% | 07/25/2037 | 1426904 |
|  | RAMP Trust |  |  |  |
| 11500000 | &nbsp;&nbsp;Series 2006-NC1-M2 (1 mo. Term SOFR + 0.51%, 0.40% Floor, 14.00% Cap) | 4.45% | 01/25/2036 | 10189038 |
|  | RBSGC Mortgage Pass Through Certificates |  |  |  |
| 6022884 | &nbsp;&nbsp;Series 2005-A-3A | 6.00% | 04/25/2035 | 2071705 |
|  | Residential Asset Securitization Trust |  |  |  |
| 152373 | &nbsp;&nbsp;Series 2005-A10-A3 | 5.50% | 09/25/2035 | 64029 |
| 219196 | &nbsp;&nbsp;Series 2005-A11-2A4 | 6.00% | 10/25/2035 | 89314 |
| 1613703 | &nbsp;&nbsp;Series 2006-A6-1A1 | 6.50% | 07/25/2036 | 397907 |
| 109842 | &nbsp;&nbsp;Series 2006-R1-A1 (-4 x 1 mo. Term SOFR + 27.94%, 0.00% Floor, 28.40% Cap) | 13.02 %<sup>(j)</sup> | 01/25/2046 | 97302 |
|  | RESIDENTIAL MORTGAGE LOAN TRUST |  |  |  |
| 5154000 | &nbsp;&nbsp;Series 2020-1-M1 | 3.24 %<sup>(a)(c)</sup> | 01/26/2060 | 5045232 |
|  | RFMSI Trust |  |  |  |
| 32263 | &nbsp;&nbsp;Series 2006-S10-1A2 | 6.00% | 10/25/2036 | 26346 |
| 347480 | &nbsp;&nbsp;Series 2007-S2-A4 | 6.00% | 02/25/2037 | 268006 |
| 262893 | &nbsp;&nbsp;Series 2007-S3-1A4 | 6.00% | 03/25/2037 | 191362 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Saxon Asset Securities Trust |  |  |  |
| 7695758 | &nbsp;&nbsp;Series 2005-2-M4 (1 mo. Term SOFR + 1.06%, 0.95% Floor, 11.50% Cap) | 4.79% | 10/25/2035 | 5603207 |
|  | Securitized Asset Backed Receivables LLC |  |  |  |
| 13285373 | &nbsp;&nbsp;Series 2007-BR3-A1 (1 mo. Term SOFR + 0.43%, 0.32% Floor, 100.00% Cap) | 4.17 %<sup>(a)</sup> | 04/25/2037 | 9213326 |
| 16725667 | &nbsp;&nbsp;Series 2007-BR3-A2A (1 mo. Term SOFR + 0.25%, 0.14% Floor) | 3.99% | 04/25/2037 | 11419235 |
| 11864296 | &nbsp;&nbsp;Series 2007-BR3-A2B (1 mo. Term SOFR + 0.55%, 0.44% Floor) | 4.29% | 04/25/2037 | 8099701 |
| 2134188 | &nbsp;&nbsp;Series 2007-BR3-A2C (1 mo. Term SOFR + 0.67%, 0.56% Floor) | 4.41% | 04/25/2037 | 1456965 |
| 18838404 | &nbsp;&nbsp;Series 2007-HE1-A2C (1 mo. Term SOFR + 0.43%, 0.32% Floor) | 4.17% | 12/25/2036 | 3952994 |
|  | Securitized Mortgage Asset Loan Trust |  |  |  |
| 20342175 | &nbsp;&nbsp;Series 2015-1-PC | 2.71 %<sup>(a)(c)</sup> | 02/25/2054 | 17618000 |
|  | Sequoia Mortgage Trust |  |  |  |
| 2800932 | &nbsp;&nbsp;Series 2007-3-2AA1 | 4.35 %<sup>(c)</sup> | 07/20/2037 | 2198460 |
|  | Soundview Home Equity Loan Trust |  |  |  |
| 5846963 | &nbsp;&nbsp;Series 2007-OPT4-1A1 (1 mo. Term SOFR + 1.11%, 1.00% Floor) | 4.85% | 09/25/2037 | 4367547 |
|  | Starwood Mortgage Residential Trust |  |  |  |
| 5910000 | &nbsp;&nbsp;Series 2020-1-B1 | 3.73 %<sup>(a)(c)</sup> | 02/25/2050 | 5175342 |
|  | Structured Asset Investment Loan Trust |  |  |  |
| 9659686 | &nbsp;&nbsp;Series 2006-BNC3-A1 (1 mo. Term SOFR + 0.29%, 0.18% Floor) | 4.03% | 09/25/2036 | 5991990 |
|  | Structured Asset Securities Corp. |  |  |  |
| 585233 | &nbsp;&nbsp;Series 2005-RF1-A (1 mo. Term SOFR + 0.46%, 0.35% Floor) | 4.20 %<sup>(a)</sup> | 03/25/2035 | 527128 |
| 585233 | &nbsp;&nbsp;Series 2005-RF1-AIO | 0.30 %<sup>(a)(c)(h)</sup> | 03/25/2035 | 4840 |
|  | Tricon Residential Trust |  |  |  |
| 7229505 | &nbsp;&nbsp;Series 2025-SFR2-A | 5.20 %<sup>(a)</sup> | 08/17/2044 | 7302850 |
|  | Velocity Commercial Capital Loan Trust |  |  |  |
| 920215 | &nbsp;&nbsp;Series 2018-1-M1 | 3.91 %<sup>(a)</sup> | 04/25/2048 | 898242 |
| 503741 | &nbsp;&nbsp;Series 2018-1-M2 | 4.26 %<sup>(a)</sup> | 04/25/2048 | 484838 |
| 310595 | &nbsp;&nbsp;Series 2018-1-M3 | 4.41 %<sup>(a)</sup> | 04/25/2048 | 294625 |
| 1139844 | &nbsp;&nbsp;Series 2019-1-M1 | 3.94 %<sup>(a)(c)</sup> | 03/25/2049 | 1079996 |
| 599769 | &nbsp;&nbsp;Series 2019-1-M2 | 4.01 %<sup>(a)(c)</sup> | 03/25/2049 | 562488 |
| 523752 | &nbsp;&nbsp;Series 2019-1-M3 | 4.12 %<sup>(a)(c)</sup> | 03/25/2049 | 485237 |
|  | WaMu Mortgage Pass Through Certificates |  |  |  |
| 3664014 | &nbsp;&nbsp;Series 2006-AR13-1A (12 Month US Treasury Average + 0.88%, 0.88% Floor) | 4.91% | 10/25/2046 | 3260880 |
| 1191718 | &nbsp;&nbsp;Series 2006-AR19-2A (12 Month US Treasury Average + 1.25%, 1.25% Floor) | 5.28% | 01/25/2047 | 1077108 |
| 3656048 | &nbsp;&nbsp;Series 2007-HY7-2A1 | 3.90 %<sup>(c)</sup> | 07/25/2037 | 3285812 |
|  | Washington Mutual Alternative Mortgage Pass-Through Certificates |  |  |  |
| 63005 | &nbsp;&nbsp;Series 2005-1-2A | 6.00% | 03/25/2035 | 55484 |
| 319289 | &nbsp;&nbsp;Series 2006-1-3A1 | 5.75% | 02/25/2036 | 303943 |
| 892097 | &nbsp;&nbsp;Series 2006-2-4CB | 6.00% | 03/25/2036 | 884270 |
| 6638890 | &nbsp;&nbsp;Series 2006-8-A5 | 4.10 %<sup>(i)</sup> | 10/25/2036 | 2168911 |
| 2950382 | &nbsp;&nbsp;Series 2006-8-A6 | 4.10 %<sup>(i)</sup> | 10/25/2036 | 964766 |
| 5977716 | &nbsp;&nbsp;Series 2007-2-1A2 | 6.00% | 04/25/2037 | 4977526 |
| 4192407 | &nbsp;&nbsp;Series 2007-2-1A3 | 6.00% | 04/25/2037 | 3490934 |
| 509373 | &nbsp;&nbsp;Series 2007-3-A6 | 6.00% | 04/25/2037 | 454704 |
| 43351 | &nbsp;&nbsp;Series 2007-5-A11 (-6 x 1 mo. Term SOFR + 38.79%, 0.00% Floor, 39.48% Cap) | 16.40 %<sup>(j)</sup> | 06/25/2037 | 55132 |
| 5578533 | &nbsp;&nbsp;Series 2007-5-A3 | 7.00% | 06/25/2037 | 4641468 |
|  | Wells Fargo Alternative Loan Trust |  |  |  |
| 266311 | &nbsp;&nbsp;Series 2007-PA5-1A1 | 6.25% | 11/25/2037 | 229746 |
|  | Wells Fargo Mortgage Backed Securities Trust |  |  |  |
| 4844 | &nbsp;&nbsp;Series 2005-AR14-A6 | 6.46 %<sup>(c)</sup> | 08/25/2035 | 4773 |
| 361065 | &nbsp;&nbsp;Series 2006-7-2A1 | 6.00% | 06/25/2036 | 328405 |
| 13515 | &nbsp;&nbsp;Series 2007-7-A1 | 6.00% | 06/25/2037 | 12661 |
|  | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $822,894,981)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $822,894,981)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $822,894,981)** | **687281532** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **US CORPORATE BONDS - 15.0%** | **US CORPORATE BONDS - 15.0%** | **US CORPORATE BONDS - 15.0%** | **US CORPORATE BONDS - 15.0%** | **US CORPORATE BONDS - 15.0%** |
| 1015000 | 1261229 BC Ltd. | 10.00 %<sup>(a)</sup> | 04/15/2032 | 1056379 |
| 5660000 | 200 Park Funding Trust | 5.74 %<sup>(a)</sup> | 02/15/2055 | 5641577 |
| 780000 | AAR Escrow Issuer LLC | 6.75 %<sup>(a)</sup> | 03/15/2029 | 807577 |
| 5002000 | AbbVie, Inc. | 4.70% | 05/14/2045 | 4526241 |
| 2768000 | AbbVie, Inc. | 5.50% | 03/15/2064 | 2690790 |
| 1015000 | Academy Ltd. | 6.00 %<sup>(a)</sup> | 11/15/2027 | 1019347 |
| 405000 | Acrisure LLC / Acrisure Finance, Inc. | 6.00 %<sup>(a)</sup> | 08/01/2029 | 401814 |
| 965000 | Acrisure LLC / Acrisure Finance, Inc. | 6.75 %<sup>(a)</sup> | 07/01/2032 | 998329 |
| 1245000 | Acushnet Co. | 5.63 %<sup>(a)</sup> | 12/01/2033 | 1262101 |
| 335000 | Advance Auto Parts, Inc. | 7.38 %<sup>(a)</sup> | 08/01/2033 | 336568 |
| 1240000 | Advanced Drainage Systems, Inc. | 6.38 %<sup>(a)</sup> | 06/15/2030 | 1272632 |
| 2768000 | AEP Texas, Inc. | 5.45% | 05/15/2029 | 2866635 |
| 770000 | Aethon United BR LP / Aethon United Finance Corp. | 7.50 %<sup>(a)</sup> | 10/01/2029 | 807103 |
| 4557000 | Aircastle Ltd. / Aircastle Ireland DAC | 5.25 %<sup>(a)</sup> | 03/15/2030 | 4658201 |
| 2465000 | Alliant Energy Corp.<br> (5 yr. CMT Rate + 2.08%) | 5.75% | 04/01/2056 | 2464071 |
| 1145000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer | 6.75 %<sup>(a)</sup> | 10/15/2027 | 1157056 |
| 735000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer | 6.50 %<sup>(a)</sup> | 10/01/2031 | 758473 |
| 1660000 | Allied Universal Holdco LLC | 7.88 %<sup>(a)</sup> | 02/15/2031 | 1750426 |
| 615000 | Allied Universal Holdco LLC / Allied Universal Finance Corp. | 6.00 %<sup>(a)</sup> | 06/01/2029 | 609141 |
| 355000 | AMC Entertainment Holdings, Inc. | 7.50 %<sup>(a)</sup> | 02/15/2029 | 310888 |
| 470000 | Amentum Holdings, Inc. | 7.25 %<sup>(a)</sup> | 08/01/2032 | 495699 |
| 660000 | American Airlines, Inc. | 8.50 %<sup>(a)</sup> | 05/15/2029 | 690701 |
| 600000 | American Axle & Manufacturing, Inc. | 5.00% | 10/01/2029 | 578377 |
| 510000 | American Axle & Manufacturing, Inc. | 6.38 %<sup>(a)</sup> | 10/15/2032 | 519653 |
| 460000 | American Axle & Manufacturing, Inc. | 7.75 %<sup>(a)</sup> | 10/15/2033 | 468804 |
| 10126000 | American Express Co.<br> (SOFR + 1.44%) | 5.02% | 04/25/2031 | 10437744 |
| 6796000 | American Homes 4 Rent LP | 5.50% | 02/01/2034 | 7037277 |
| 2322000 | American Tower Corp. | 5.55% | 07/15/2033 | 2432799 |
| 1705000 | American Tower Corp. | 3.70% | 10/15/2049 | 1268901 |
| 6736000 | Amgen, Inc. | 5.75% | 03/02/2063 | 6577686 |
| 3508000 | Amphenol Corp. | 5.30% | 11/15/2055 | 3353686 |
| 2092000 | Amrize Finance US LLC | 4.95% | 04/07/2030 | 2140018 |
| 1757000 | Antero Midstream Partners LP / Antero Midstream Finance Corp. | 5.75 %<sup>(a)</sup> | 07/01/2034 | 1771137 |
| 580000 | Anywhere Real Estate Group LLC / Anywhere Co.-Issuer Corp. | 7.00 %<sup>(a)</sup> | 04/15/2030 | 579895 |
| 510000 | Anywhere Real Estate Group LLC / Realogy Co.-Issuer Corp. | 5.25 %<sup>(a)</sup> | 04/15/2030 | 478449 |
| 1135000 | APH / APH2 / APH3 | 7.88 %<sup>(a)</sup> | 11/01/2029 | 1147195 |
| 2357000 | AppLovin Corp. | 5.38% | 12/01/2031 | 2447461 |
| 1235000 | Archrock Partners LP / Archrock Partners Finance Corp. | 6.63 %<sup>(a)</sup> | 09/01/2032 | 1274551 |
| 9815000 | Arizona Public Service Co. | 5.90% | 08/15/2055 | 9992041 |
| 4678000 | Arrow Electronics, Inc. | 5.15% | 08/21/2029 | 4791428 |
| 375000 | Arsenal AIC Parent LLC | 8.00 %<sup>(a)</sup> | 10/01/2030 | 398404 |
| 140000 | Artera Services LLC | 8.50 %<sup>(a)</sup> | 02/15/2031 | 116353 |
| 2786000 | Arthur J Gallagher & Co. | 4.85% | 12/15/2029 | 2852677 |
| 685000 | Ashton Woods USA LLC / Ashton Woods Finance Co. | 4.63 %<sup>(a)</sup> | 04/01/2030 | 657342 |
| 340000 | Asurion LLC and Asurion Co.-Issuer, Inc. | 8.00 %<sup>(a)</sup> | 12/31/2032 | 352963 |
| 13650000 | AT&T, Inc. | 3.50% | 09/15/2053 | 9141821 |
| 1210000 | AthenaHealth Group, Inc. | 6.50 %<sup>(a)</sup> | 02/15/2030 | 1207387 |
| 3857000 | Athene Global Funding | 5.35 %<sup>(a)</sup> | 07/09/2027 | 3923063 |
| 2453000 | Athene Global Funding | 4.72 %<sup>(a)</sup> | 10/08/2029 | 2457142 |
| 2695000 | Athene Global Funding | 5.03 %<sup>(a)</sup> | 07/17/2030 | 2716774 |
| 3857000 | Atlassian Corp. | 5.25% | 05/15/2029 | 3969520 |
| 4525000 | AutoZone, Inc. | 5.13% | 06/15/2030 | 4668890 |
| 3500000 | Aviation Capital Group LLC | 5.38 %<sup>(a)</sup> | 07/15/2029 | 3587934 |
| 695000 | Azorra Finance Ltd. | 7.75 %<sup>(a)</sup> | 04/15/2030 | 736550 |
| 910000 | Azorra Finance Ltd. | 7.25 %<sup>(a)</sup> | 01/15/2031 | 957126 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 2459000 | Bank of America Corp.<br> (5 yr. CMT Rate + 2.68%) | 6.63 %<sup>(g)</sup> | 05/01/2030 | 2564113 |
| 3899000 | Bank of America Corp.<br> (SOFR + 1.21%) | 2.57% | 10/20/2032 | 3517514 |
| 3750000 | Bank of America Corp.<br> (SOFR + 1.65%) | 5.47% | 01/23/2035 | 3907718 |
| 4107000 | Bank of America Corp.<br> (SOFR + 1.70%) | 5.74% | 02/12/2036 | 4281168 |
| 4196000 | Bank of New York Mellon Corp.<br> (SOFR + 1.23%) | 5.06% | 07/22/2032 | 4350841 |
| 1500000 | Bausch + Lomb Corp. | 8.38 %<sup>(a)</sup> | 10/01/2028 | 1567500 |
| 230000 | Bausch Health Americas, Inc. | 8.50 %<sup>(a)</sup> | 01/31/2027 | 227910 |
| 665000 | Bausch Health Cos., Inc. | 4.88 %<sup>(a)</sup> | 06/01/2028 | 595674 |
| 465000 | Bausch Health Cos., Inc. | 5.25 %<sup>(a)</sup> | 01/30/2030 | 327637 |
| 93000 | Bausch Health Cos., Inc. | 14.00 %<sup>(a)</sup> | 10/15/2030 | 94501 |
| 330000 | Beach Acquisition Bidco LLC<br> (10.00% Cash or 10.75% PIK) | 10.00 %<sup>(a)</sup> | 07/15/2033 | 364529 |
| 4559000 | Biogen, Inc. | 5.05% | 01/15/2031 | 4706213 |
| 4441000 | Black Hills Corp. | 6.00% | 01/15/2035 | 4741765 |
| 5168000 | Block Financial LLC | 5.38% | 09/15/2032 | 5203049 |
| 11942000 | Broadcom, Inc. | 3.50% | 02/15/2041 | 9724281 |
| 1987000 | Brown & Brown, Inc. | 6.25% | 06/23/2055 | 2068801 |
| 1730000 | Buckeye Partners LP | 6.88 %<sup>(a)</sup> | 07/01/2029 | 1806089 |
| 1595000 | Builders FirstSource, Inc. | 6.38 %<sup>(a)</sup> | 03/01/2034 | 1651115 |
| 615000 | Builders FirstSource, Inc. | 6.75 %<sup>(a)</sup> | 05/15/2035 | 643760 |
| 5764000 | Bunge Ltd. Finance Corp. | 4.65% | 09/17/2034 | 5658014 |
| 3357000 | Burlington Northern Santa Fe LLC | 5.20% | 04/15/2054 | 3163474 |
| 405000 | CACI International, Inc. | 6.38 %<sup>(a)</sup> | 06/15/2033 | 419551 |
| 1010000 | Caesars Entertainment, Inc. | 6.00 %<sup>(a)</sup> | 10/15/2032 | 982941 |
| 2376000 | Campbell's Co. | 5.40% | 03/21/2034 | 2420785 |
| 4702000 | Cardinal Health, Inc. | 4.60% | 03/15/2043 | 4140374 |
| 662000 | Cardinal Health, Inc. | 4.50% | 11/15/2044 | 570406 |
| 1966000 | Carlisle Cos., Inc. | 5.55% | 09/15/2040 | 1993909 |
| 1646000 | Carnival Corp. | 5.13 %<sup>(a)</sup> | 05/01/2029 | 1665076 |
| 575000 | Carnival Corp. | 5.75 %<sup>(a)</sup> | 08/01/2032 | 590830 |
| 1625000 | Carnival Corp. | 6.13 %<sup>(a)</sup> | 02/15/2033 | 1678812 |
| 204000 | Castle US Holding Corp. | 10.00 %<sup>(a)</sup> | 06/30/2031 | 33660 |
| 1190000 | CCO Holdings LLC / CCO Holdings Capital Corp. | 5.13 %<sup>(a)</sup> | 05/01/2027 | 1189054 |
| 1860000 | CCO Holdings LLC / CCO Holdings Capital Corp. | 4.75 %<sup>(a)</sup> | 03/01/2030 | 1777543 |
| 1290000 | CCO Holdings LLC / CCO Holdings Capital Corp. | 4.75 %<sup>(a)</sup> | 02/01/2032 | 1179940 |
| 685000 | CCO Holdings LLC / CCO Holdings Capital Corp. | 4.25 %<sup>(a)</sup> | 01/15/2034 | 583089 |
| 475000 | Celanese US Holdings LLC | 6.50% | 04/15/2030 | 477767 |
| 485000 | Celanese US Holdings LLC | 6.75% | 04/15/2033 | 482894 |
| 2542000 | Cheniere Energy Partners LP | 4.00% | 03/01/2031 | 2476082 |
| 4761000 | Cheniere Energy, Inc. | 4.63% | 10/15/2028 | 4754599 |
| 2476000 | Cheniere Energy, Inc. | 5.65% | 04/15/2034 | 2569706 |
| 455000 | Chord Energy Corp. | 6.00 %<sup>(a)</sup> | 10/01/2030 | 462311 |
| 700000 | Chord Energy Corp. | 6.75 %<sup>(a)</sup> | 03/15/2033 | 724344 |
| 830000 | CHS/Community Health Systems, Inc. | 6.00 %<sup>(a)</sup> | 01/15/2029 | 832996 |
| 455000 | CHS/Community Health Systems, Inc. | 6.88 %<sup>(a)</sup> | 04/15/2029 | 405382 |
| 525000 | CHS/Community Health Systems, Inc. | 4.75 %<sup>(a)</sup> | 02/15/2031 | 468069 |
| 980000 | Cipher Compute LLC | 7.13 %<sup>(a)</sup> | 11/15/2030 | 999338 |
| 1947000 | Citigroup, Inc.<br> (SOFR + 1.28%) | 3.07% | 02/24/2028 | 1925340 |
| 2452000 | Citigroup, Inc.<br> (5 yr. CMT Rate + 2.89%) | 6.88 %<sup>(g)</sup> | 08/15/2030 | 2549467 |
| 4065000 | Citigroup, Inc.<br> (SOFR + 1.46%) | 4.95% | 05/07/2031 | 4153484 |
| 2868000 | Citigroup, Inc.<br> (SOFR + 1.17%) | 4.50% | 09/11/2031 | 2877660 |
| 2322000 | Citigroup, Inc.<br> (SOFR + 2.66%) | 6.17% | 05/25/2034 | 2467536 |
| 1245000 | Clarios Global LP / Clarios US Finance Co. | 6.75 %<sup>(a)</sup> | 05/15/2028 | 1277333 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 1685000 | Clarios Global LP / Clarios US Finance Co. | 6.75 %<sup>(a)</sup> | 02/15/2030 | 1763454 |
| 1330000 | Clarios Global LP / Clarios US Finance Co. | 6.75 %<sup>(a)</sup> | 09/15/2032 | 1379991 |
| 565000 | Clarivate Science Holdings Corp. | 4.88 %<sup>(a)</sup> | 07/01/2029 | 534725 |
| 495000 | Clear Channel Outdoor Holdings, Inc. | 7.50 %<sup>(a)</sup> | 06/01/2029 | 491959 |
| 810000 | Clear Channel Outdoor Holdings, Inc. | 7.13 %<sup>(a)</sup> | 02/15/2031 | 851058 |
| 825000 | Cleveland-Cliffs, Inc. | 6.88 %<sup>(a)</sup> | 11/01/2029 | 855019 |
| 780000 | Cloud Software Group, Inc. | 6.50 %<sup>(a)</sup> | 03/31/2029 | 790723 |
| 680000 | Cloud Software Group, Inc. | 9.00 %<sup>(a)</sup> | 09/30/2029 | 708696 |
| 415000 | Cloud Software Group, Inc. | 6.63 %<sup>(a)</sup> | 08/15/2033 | 411546 |
| 665000 | Clydesdale Acquisition Holdings, Inc. | 6.75 %<sup>(a)</sup> | 04/15/2032 | 684248 |
| 2368000 | CMS Energy Corp.<br> (5 yr. CMT Rate + 1.96%) | 6.50% | 06/01/2055 | 2436293 |
| 1185000 | CNX Midstream Partners LP | 4.75 %<sup>(a)</sup> | 04/15/2030 | 1154418 |
| 800000 | CNX Resources Corp. | 6.00 %<sup>(a)</sup> | 01/15/2029 | 806412 |
| 2855000 | Colonial Enterprises, Inc. | 5.63 %<sup>(a)</sup> | 11/15/2035 | 2885353 |
| 4626000 | Commonwealth Edison Co. | 5.95% | 06/01/2055 | 4814295 |
| 256000 | CommScope LLC | 4.75 %<sup>(a)</sup> | 09/01/2029 | 255840 |
| 170000 | CommScope LLC | 9.50 %<sup>(a)</sup> | 12/15/2031 | 171853 |
| 400000 | CommScope Technologies LLC | 5.00 %<sup>(a)</sup> | 03/15/2027 | 399375 |
| 2780000 | Consumers Energy Co. | 4.50% | 01/15/2031 | 2814009 |
| 690000 | CoreWeave, Inc. | 9.25 %<sup>(a)</sup> | 06/01/2030 | 642257 |
| 415000 | Cornerstone Building Brands, Inc. | 9.50 %<sup>(a)</sup> | 08/15/2029 | 307440 |
| 640000 | Cougar JV Subsidiary LLC | 8.00 %<sup>(a)</sup> | 05/15/2032 | 686599 |
| 1300000 | CQP Holdco LP / BIP-V Chinook Holdco LLC | 5.50 %<sup>(a)</sup> | 06/15/2031 | 1286972 |
| 5650000 | CRH SMW Finance DAC | 5.13% | 01/09/2030 | 5827203 |
| 11867000 | CSX Corp. | 3.80% | 11/01/2046 | 9317887 |
| 410000 | Dana, Inc. | 5.38% | 11/15/2027 | 409581 |
| 965000 | Dana, Inc. | 5.63% | 06/15/2028 | 964095 |
| 795000 | DCLI Bidco LLC | 7.75 %<sup>(a)</sup> | 11/15/2029 | 817826 |
| 1202000 | Dealer Tire LLC / DT Issuer LLC | 8.00 %<sup>(a)</sup> | 02/01/2028 | 1208463 |
| 2179000 | Dell, Inc. | 6.50% | 04/15/2038 | 2345902 |
| 1205000 | Directv Financing LLC | 8.88 %<sup>(a)</sup> | 02/01/2030 | 1220718 |
| 453000 | Directv Financing LLC / Directv Financing Co.-Obligor, Inc. | 5.88 %<sup>(a)</sup> | 08/15/2027 | 455913 |
| 1245000 | DISH DBS Corp. | 5.75 %<sup>(a)</sup> | 12/01/2028 | 1223060 |
| 830000 | DISH DBS Corp. | 5.13% | 06/01/2029 | 737363 |
| 480000 | Dornoch Debt Merger Sub, Inc. | 6.63 %<sup>(a)</sup> | 10/15/2029 | 416152 |
| 2518000 | DT Midstream, Inc. | 4.13 %<sup>(a)</sup> | 06/15/2029 | 2485991 |
| 7207000 | DTE Energy Co. | 5.85% | 06/01/2034 | 7689508 |
| 6104000 | Duke Energy Corp. | 3.95% | 08/15/2047 | 4708625 |
| 1625000 | Duke Energy Corp. | 5.00% | 08/15/2052 | 1435973 |
| 3446000 | Duke Energy Corp. | 5.80% | 06/15/2054 | 3423945 |
| 4981000 | Eastern Energy Gas Holdings LLC | 5.65% | 10/15/2054 | 4822535 |
| 1090000 | EchoStar Corp. | 10.75% | 11/30/2029 | 1206173 |
| 1340000 | Elevance Health, Inc. | 4.55% | 05/15/2052 | 1116072 |
| 1245000 | Ellucian Holdings, Inc. | 6.50 %<sup>(a)</sup> | 12/01/2029 | 1272578 |
| 221000 | Embarq LLC | 8.00% | 06/01/2036 | 91706 |
| 1310000 | EMRLD Borrower LP / Emerald Co.-Issuer, Inc. | 6.63 %<sup>(a)</sup> | 12/15/2030 | 1366018 |
| 755000 | Energizer Holdings, Inc. | 6.00 %<sup>(a)</sup> | 09/15/2033 | 725143 |
| 2393000 | Entergy Arkansas LLC | 5.75% | 06/01/2054 | 2423969 |
| 4595000 | Entergy Corp.<br> (5 yr. CMT Rate + 2.67%) | 7.13% | 12/01/2054 | 4827798 |
| 4732000 | Enterprise Products Operating LLC | 5.55% | 02/16/2055 | 4589317 |
| 2475000 | Equinix Europe 2 Financing Corp. LLC | 4.60% | 11/15/2030 | 2483035 |
| 2660000 | Essential Properties LP | 5.40% | 12/01/2035 | 2666211 |
| 4847000 | Evergy Kansas Central, Inc. | 5.70% | 03/15/2053 | 4820580 |
| 1411000 | Expand Energy Corp. | 6.75 %<sup>(a)</sup> | 04/15/2029 | 1419394 |
| 2425000 | Expand Energy Corp. | 4.75% | 02/01/2032 | 2392902 |
| 4852000 | Expedia Group, Inc. | 3.80% | 02/15/2028 | 4829658 |
| 4692000 | Extra Space Storage LP | 5.40% | 02/01/2034 | 4826599 |
| 490000 | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. | 6.75 %<sup>(a)</sup> | 01/15/2030 | 466235 |
| 5949000 | First Industrial LP | 5.25% | 01/15/2031 | 6074943 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 4464000 | Fiserv, Inc. | 5.45% | 03/15/2034 | 4527826 |
| 650000 | Flash Compute LLC | 7.25 %<sup>(a)</sup> | 12/31/2030 | 644808 |
| 2472000 | Flex Ltd. | 5.38% | 11/13/2035 | 2467122 |
| 2021000 | Florida Gas Transmission Co. LLC | 5.75 %<sup>(a)</sup> | 07/15/2035 | 2102763 |
| 4785000 | Flowers Foods, Inc. | 5.75% | 03/15/2035 | 4807956 |
| 460000 | Freedom Mortgage Holdings LLC | 8.38 %<sup>(a)</sup> | 04/01/2032 | 484582 |
| 580000 | FTAI Aviation Investors LLC | 5.88 %<sup>(a)</sup> | 04/15/2033 | 589931 |
| 480000 | Full House Resorts, Inc. | 8.25 %<sup>(a)</sup> | 02/15/2028 | 418800 |
| 825000 | Gates Corp./DE | 6.88 %<sup>(a)</sup> | 07/01/2029 | 857777 |
| 2786000 | GATX Corp. | 5.50% | 06/15/2035 | 2857455 |
| 2061000 | GATX Corp. | 5.20% | 03/15/2044 | 1950709 |
| 4760000 | GE HealthCare Technologies, Inc. | 4.80% | 01/15/2031 | 4849508 |
| 1190000 | Genesee & Wyoming, Inc. | 6.25 %<sup>(a)</sup> | 04/15/2032 | 1228679 |
| 835000 | Genting New York LLC / GENNY Capital, Inc. | 7.25 %<sup>(a)</sup> | 10/01/2029 | 856872 |
| 320000 | Getty Images, Inc. | 10.50 %<sup>(a)</sup> | 11/15/2030 | 322887 |
| 2506000 | Gilead Sciences, Inc. | 5.55% | 10/15/2053 | 2496305 |
| 4785000 | Global Payments, Inc. | 4.95% | 08/15/2027 | 4839603 |
| 2412000 | Global Payments, Inc. | 5.55% | 11/15/2035 | 2398310 |
| 735000 | Goat Holdco LLC | 6.75 %<sup>(a)</sup> | 02/01/2032 | 755477 |
| 2258000 | Goldman Sachs Group, Inc.<br> (5 yr. CMT Rate + 2.46%) | 6.85 %<sup>(g)</sup> | 02/10/2030 | 2357215 |
| 4967000 | Goldman Sachs Group, Inc.<br> (SOFR + 1.06%) | 4.37% | 10/21/2031 | 4956225 |
| 4535000 | Goldman Sachs Group, Inc.<br> (SOFR + 1.55%) | 5.33% | 07/23/2035 | 4661115 |
| 585000 | Goodyear Tire & Rubber Co. | 5.25% | 07/15/2031 | 555407 |
| 350000 | GrafTech Finance, Inc. | 4.63 %<sup>(a)</sup> | 12/23/2029 | 261625 |
| 1870000 | Graham Holdings Co. | 5.63 %<sup>(a)</sup> | 12/01/2033 | 1892661 |
| 565000 | Gray Media, Inc. | 9.63 %<sup>(a)</sup> | 07/15/2032 | 586766 |
| 570000 | Gray Media, Inc. | 7.25 %<sup>(a)</sup> | 08/15/2033 | 582784 |
| 2005000 | Griffon Corp. | 5.75% | 03/01/2028 | 2009988 |
| 695000 | Group 1 Automotive, Inc. | 4.00 %<sup>(a)</sup> | 08/15/2028 | 681702 |
| 820000 | Group 1 Automotive, Inc. | 6.38 %<sup>(a)</sup> | 01/15/2030 | 845312 |
| 4074000 | Guardian Life Global Funding | 4.80 %<sup>(a)</sup> | 04/28/2030 | 4165069 |
| 1225000 | Gulfport Energy Operating Corp. | 6.75 %<sup>(a)</sup> | 09/01/2029 | 1266566 |
| 2889000 | Gulfstream Natural Gas System LLC | 5.60 %<sup>(a)</sup> | 07/23/2035 | 2968167 |
| 1205000 | Harvest Midstream I LP | 7.50 %<sup>(a)</sup> | 05/15/2032 | 1256995 |
| 625000 | Herc Holdings, Inc. | 7.00 %<sup>(a)</sup> | 06/15/2030 | 658140 |
| 415000 | Herc Holdings, Inc. | 5.75 %<sup>(a)</sup> | 03/15/2031 | 421409 |
| 415000 | Herc Holdings, Inc. | 6.00 %<sup>(a)</sup> | 03/15/2034 | 420788 |
| 9659000 | Hewlett Packard Enterprise Co. | 5.00% | 10/15/2034 | 9577504 |
| 975000 | Hightower Holding LLC | 6.75 %<sup>(a)</sup> | 04/15/2029 | 972180 |
| 485000 | Hilcorp Energy I LP / Hilcorp Finance Co. | 7.25 %<sup>(a)</sup> | 02/15/2035 | 461224 |
| 2783000 | Hubbell, Inc. | 4.80% | 11/15/2035 | 2766086 |
| 9242000 | Hyundai Capital America | 5.30 %<sup>(a)</sup> | 01/08/2029 | 9486818 |
| 590000 | Icahn Enterprises LP / Icahn Enterprises Finance Corp. | 5.25% | 05/15/2027 | 582333 |
| 255000 | iHeartCommunications, Inc. | 9.13 %<sup>(a)</sup> | 05/01/2029 | 245800 |
| 4008000 | Illumina, Inc. | 4.75% | 12/12/2030 | 4047468 |
| 254000 | Illuminate Buyer LLC / Illuminate Holdings IV, Inc. | 9.00 %<sup>(a)</sup> | 07/01/2028 | 255665 |
| 1435000 | Installed Building Products, Inc. | 5.75 %<sup>(a)</sup> | 02/01/2028 | 1441284 |
| 4053000 | Intuit, Inc. | 5.50% | 09/15/2053 | 4007624 |
| 600000 | Inversion Escrow Issuer LLC | 6.75 %<sup>(a)</sup> | 08/01/2032 | 599713 |
| 690000 | ION Platform Finance US, Inc. | 7.88 %<sup>(a)</sup> | 09/30/2032 | 655574 |
| 1650000 | ION Platform Finance US, Inc. / ION Platform Finance SARL | 5.00 %<sup>(a)</sup> | 05/01/2028 | 1538866 |
| 3232000 | IQVIA, Inc. | 6.25% | 02/01/2029 | 3408850 |
| 780000 | IQVIA, Inc. | 6.25 %<sup>(a)</sup> | 06/01/2032 | 816011 |
| 1030000 | Iron Mountain, Inc. | 7.00 %<sup>(a)</sup> | 02/15/2029 | 1058687 |
| 3304000 | Jacobs Engineering Group, Inc. | 5.90% | 03/01/2033 | 3488389 |
| 365000 | JetBlue Airways Corp. / JetBlue Loyalty LP | 9.88 %<sup>(a)</sup> | 09/20/2031 | 368043 |
| 4089000 | JPMorgan Chase & Co.<br> (SOFR + 1.01%) | 5.14% | 01/24/2031 | 4227151 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 4579000 | JPMorgan Chase & Co.<br> (SOFR + 1.44%) | 5.10% | 04/22/2031 | 4729665 |
| 2482000 | JPMorgan Chase & Co.<br> (SOFR + 0.93%) | 4.26% | 10/22/2031 | 2475003 |
| 9071000 | JPMorgan Chase & Co.<br> (SOFR + 1.46%) | 5.29% | 07/22/2035 | 9361595 |
| 3079000 | JPMorgan Chase & Co.<br> (SOFR + 1.64%) | 5.58% | 07/23/2036 | 3186245 |
| 525000 | K Hovnanian Enterprises, Inc. | 8.00 %<sup>(a)</sup> | 04/01/2031 | 536220 |
| 1983000 | Kentucky Utilities Co. | 5.85% | 08/15/2055 | 2000980 |
| 2129000 | Kinder Morgan Energy Partners LP | 6.95% | 01/15/2038 | 2394481 |
| 1285000 | Kodiak Gas Services LLC | 7.25 %<sup>(a)</sup> | 02/15/2029 | 1337617 |
| 345000 | Kodiak Gas Services LLC | 6.50 %<sup>(a)</sup> | 10/01/2033 | 352498 |
| 345000 | Kodiak Gas Services LLC | 6.75 %<sup>(a)</sup> | 10/01/2035 | 354894 |
| 4980000 | Kroger Co. | 5.65% | 09/15/2064 | 4754425 |
| 8890000 | Kyndryl Holdings, Inc. | 4.10% | 10/15/2041 | 7077277 |
| 9952000 | Laboratory Corp. of America Holdings | 4.80% | 10/01/2034 | 9887103 |
| 1180000 | Lamar Media Corp. | 5.38 %<sup>(a)</sup> | 11/01/2033 | 1173743 |
| 250000 | LBM Acquisition LLC | 6.25 %<sup>(a)</sup> | 01/15/2029 | 225231 |
| 350000 | LBM Acquisition LLC | 9.50 %<sup>(a)</sup> | 06/15/2031 | 365292 |
| 530000 | Level 3 Financing, Inc. | 3.75 %<sup>(a)</sup> | 07/15/2029 | 484558 |
| 1155000 | Level 3 Financing, Inc. | 6.88 %<sup>(a)</sup> | 06/30/2033 | 1182833 |
| 590000 | LFS Topco LLC | 8.75 %<sup>(a)</sup> | 07/15/2030 | 594324 |
| 1335000 | Life Time, Inc. | 6.00 %<sup>(a)</sup> | 11/15/2031 | 1368557 |
| 575000 | LifePoint Health, Inc. | 10.00 %<sup>(a)</sup> | 06/01/2032 | 611417 |
| 625000 | Light & Wonder International, Inc. | 7.25 %<sup>(a)</sup> | 11/15/2029 | 642245 |
| 755000 | Light & Wonder International, Inc. | 6.25 %<sup>(a)</sup> | 10/01/2033 | 764715 |
| 805000 | Lindblad Expeditions LLC | 7.00 %<sup>(a)</sup> | 09/15/2030 | 840142 |
| 4699000 | Lineage OP LP | 5.25 %<sup>(a)</sup> | 07/15/2030 | 4745335 |
| 4746000 | Lockheed Martin Corp. | 5.00% | 08/15/2035 | 4835755 |
| 2786000 | Lowe's Cos., Inc. | 5.63% | 04/15/2053 | 2704286 |
| 1235000 | M/I Homes, Inc. | 4.95% | 02/01/2028 | 1237605 |
| 2425000 | Madison IAQ LLC | 5.88 %<sup>(a)</sup> | 06/30/2029 | 2412208 |
| 4851000 | Marriott International, Inc./MD | 4.50% | 10/15/2031 | 4863676 |
| 4681000 | Marriott International, Inc./MD | 5.30% | 05/15/2034 | 4829412 |
| 4946000 | Mars, Inc. | 5.70 %<sup>(a)</sup> | 05/01/2055 | 4930371 |
| 8890000 | Marvell Technology, Inc. | 5.95% | 09/15/2033 | 9509835 |
| 4713000 | MasTec, Inc. | 5.90% | 06/15/2029 | 4917695 |
| 1040000 | Matador Resources Co. | 6.50 %<sup>(a)</sup> | 04/15/2032 | 1055408 |
| 1330000 | Match Group Holdings II LLC | 5.00 %<sup>(a)</sup> | 12/15/2027 | 1333312 |
| 275000 | Mativ Holdings, Inc. | 8.00 %<sup>(a)</sup> | 10/01/2029 | 278101 |
| 1944000 | Mattel, Inc. | 5.00% | 11/17/2030 | 1958059 |
| 255000 | McAfee Corp. | 7.38 %<sup>(a)</sup> | 02/15/2030 | 222651 |
| 5373000 | McDonald's Corp. | 4.45% | 03/01/2047 | 4600401 |
| 685000 | McGraw-Hill Education, Inc. | 5.75 %<sup>(a)</sup> | 08/01/2028 | 688989 |
| 250000 | McGraw-Hill Education, Inc. | 7.38 %<sup>(a)</sup> | 09/01/2031 | 263956 |
| 1365000 | Medline Borrower LP | 5.25 %<sup>(a)</sup> | 10/01/2029 | 1373185 |
| 765000 | Medline Borrower LP/Medline Co.-Issuer, Inc. | 6.25 %<sup>(a)</sup> | 04/01/2029 | 791784 |
| 6002000 | Merck & Co., Inc. | 5.70% | 09/15/2055 | 6069585 |
| 2503000 | Meta Platforms, Inc. | 5.50% | 11/15/2045 | 2431975 |
| 5292000 | Meta Platforms, Inc. | 4.45% | 08/15/2052 | 4309790 |
| 4089000 | MetLife, Inc.<br> (5 yr. CMT Rate + 2.08%) | 6.35% | 03/15/2055 | 4314427 |
| 505000 | Michaels Cos., Inc. | 5.25 %<sup>(a)</sup> | 05/01/2028 | 486069 |
| 1238000 | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp. | 4.88 %<sup>(a)</sup> | 05/01/2029 | 1218610 |
| 1300000 | Miter Brands Acquisition Holdco, Inc. / MIWD Borrower LLC | 6.75 %<sup>(a)</sup> | 04/01/2032 | 1333560 |
| 5157000 | Molex Electronic Technologies LLC | 5.25 %<sup>(a)</sup> | 04/30/2032 | 5295671 |
| 2462000 | Morgan Stanley<br> (SOFR + 1.07%) | 4.36% | 10/22/2031 | 2454445 |
| 2376000 | Morgan Stanley<br> (5 yr. CMT Rate + 2.43%) | 5.95% | 01/19/2038 | 2501027 |
| 4581000 | Morgan Stanley<br> (5 yr. CMT Rate + 1.80%) | 5.94% | 02/07/2039 | 4816842 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 3872000 | Motorola Solutions, Inc. | 5.20% | 08/15/2032 | 3994250 |
| 590000 | Nabors Industries, Inc. | 9.13 %<sup>(a)</sup> | 01/31/2030 | 619058 |
| 850000 | Nabors Industries, Inc. | 7.63 %<sup>(a)</sup> | 11/15/2032 | 835985 |
| 1982000 | National Fuel Gas Co. | 5.95% | 03/15/2035 | 2077234 |
| 335000 | Navient Corp. | 5.00% | 03/15/2027 | 335948 |
| 350000 | Navient Corp. | 7.88% | 06/15/2032 | 366604 |
| 330000 | NCL Corp. Ltd. | 5.88 %<sup>(a)</sup> | 01/15/2031 | 328938 |
| 330000 | NCL Corp. Ltd. | 6.25 %<sup>(a)</sup> | 09/15/2033 | 330016 |
| 825000 | Neptune Bidco US, Inc. | 10.38 %<sup>(a)</sup> | 05/15/2031 | 846377 |
| 2288000 | NetApp, Inc. | 5.50% | 03/17/2032 | 2381216 |
| 3482000 | Netflix, Inc. | 5.40% | 08/15/2054 | 3376670 |
| 2130000 | New York Life Insurance Co. | 6.75 %<sup>(a)</sup> | 11/15/2039 | 2436811 |
| 715000 | Newell Brands, Inc. | 6.38% | 05/15/2030 | 699178 |
| 2363000 | NextEra Energy Capital Holdings, Inc. | 5.90% | 03/15/2055 | 2390796 |
| 345000 | NGL Energy Operating LLC / NGL Energy Finance Corp. | 8.13 %<sup>(a)</sup> | 02/15/2029 | 358313 |
| 5499000 | NGPL PipeCo LLC | 3.25 %<sup>(a)</sup> | 07/15/2031 | 5067574 |
| 2394000 | Niagara Mohawk Power Corp. | 4.65 %<sup>(a)</sup> | 10/03/2030 | 2412591 |
| 4711000 | NiSource, Inc. | 5.35% | 04/01/2034 | 4868054 |
| 2339000 | NiSource, Inc.<br> (5 yr. CMT Rate + 2.45%) | 6.95% | 11/30/2054 | 2446774 |
| 4071000 | NiSource, Inc. | 5.85% | 04/01/2055 | 4061389 |
| 600000 | Nissan Motor Acceptance Co. LLC | 5.63 %<sup>(a)</sup> | 09/29/2028 | 602066 |
| 2939000 | Northrop Grumman Corp. | 4.03% | 10/15/2047 | 2362579 |
| 4882000 | Northrop Grumman Corp. | 5.20% | 06/01/2054 | 4574122 |
| 490000 | Novelis Corp. | 6.88 %<sup>(a)</sup> | 01/30/2030 | 509032 |
| 745000 | NRG Energy, Inc. | 6.00 %<sup>(a)</sup> | 02/01/2033 | 761229 |
| 265000 | NRG Energy, Inc. | 5.75 %<sup>(a)</sup> | 01/15/2034 | 267834 |
| 705000 | Olin Corp. | 6.63 %<sup>(a)</sup> | 04/01/2033 | 700572 |
| 710000 | Olympus Water US Holding Corp. | 7.25 %<sup>(a)</sup> | 02/15/2033 | 714155 |
| 2641000 | Omega Healthcare Investors, Inc. | 3.38% | 02/01/2031 | 2467359 |
| 2822000 | Omega Healthcare Investors, Inc. | 3.25% | 04/15/2033 | 2513160 |
| 565000 | OneMain Finance Corp. | 7.50% | 05/15/2031 | 594877 |
| 845000 | OneMain Finance Corp. | 6.50% | 03/15/2033 | 855246 |
| 2519000 | Oracle Corp. | 5.20% | 09/26/2035 | 2414310 |
| 3896000 | Oracle Corp. | 5.88% | 09/26/2045 | 3520529 |
| 2429000 | O'Reilly Automotive, Inc. | 5.00% | 08/19/2034 | 2447487 |
| 1220000 | Outfront Media Capital LLC / Outfront Media Capital Corp. | 7.38 %<sup>(a)</sup> | 02/15/2031 | 1292071 |
| 2232000 | Owens Corning | 5.70% | 06/15/2034 | 2348350 |
| 1035000 | Panther Escrow Issuer LLC | 7.13 %<sup>(a)</sup> | 06/01/2031 | 1073169 |
| 925000 | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer | 7.00 %<sup>(a)</sup> | 02/01/2030 | 952806 |
| 9068000 | Paychex, Inc. | 5.35% | 04/15/2032 | 9397167 |
| 270000 | PBF Holding Co. LLC / PBF Finance Corp. | 6.00% | 02/15/2028 | 267620 |
| 470000 | Penn Entertainment, Inc. | 4.13 %<sup>(a)</sup> | 07/01/2029 | 437560 |
| 690000 | PennyMac Financial Services, Inc. | 4.25 %<sup>(a)</sup> | 02/15/2029 | 677597 |
| 775000 | PennyMac Financial Services, Inc. | 7.88 %<sup>(a)</sup> | 12/15/2029 | 825129 |
| 420000 | PennyMac Financial Services, Inc. | 6.88 %<sup>(a)</sup> | 05/15/2032 | 439927 |
| 4803000 | Penske Truck Leasing Co. Lp / PTL Finance Corp. | 5.25 %<sup>(a)</sup> | 02/01/2030 | 4947545 |
| 2996000 | Permian Resources Operating LLC | 6.25 %<sup>(a)</sup> | 02/01/2033 | 3074678 |
| 560000 | PetSmart LLC / PetSmart Finance Corp. | 7.50 %<sup>(a)</sup> | 09/15/2032 | 570578 |
| 595000 | PetSmart LLC / PetSmart Finance Corp. | 10.00 %<sup>(a)</sup> | 09/15/2033 | 613497 |
| 4555000 | Philip Morris International, Inc. | 5.38% | 02/15/2033 | 4765935 |
| 4214000 | Philip Morris International, Inc. | 5.25% | 02/13/2034 | 4357121 |
| 3624000 | Phillips Edison Grocery Center Operating Partnership I LP | 5.75% | 07/15/2034 | 3800469 |
| 1601000 | PNC Financial Services Group, Inc.<br> (SOFR + 1.42%) | 5.37% | 07/21/2036 | 1647303 |
| 980000 | Post Holdings, Inc. | 6.38 %<sup>(a)</sup> | 03/01/2033 | 990760 |
| 785000 | Primo Water Holdings, Inc. / Triton Water Holdings, Inc. | 6.25 %<sup>(a)</sup> | 04/01/2029 | 791719 |
| 3036000 | Prudential Financial, Inc. | 5.20% | 03/14/2035 | 3115511 |
| 1596000 | PSEG Power LLC | 5.20 %<sup>(a)</sup> | 05/15/2030 | 1633322 |
| 455000 | Qnity Electronics, Inc. | 6.25 %<sup>(a)</sup> | 08/15/2033 | 472200 |
| 2786000 | Qorvo, Inc. | 3.38 %<sup>(a)</sup> | 04/01/2031 | 2586617 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 4067000 | Quanta Services, Inc. | 5.25% | 08/09/2034 | 4171761 |
| 4681000 | Quest Diagnostics, Inc. | 5.00% | 12/15/2034 | 4741394 |
| 1115000 | Quikrete Holdings, Inc. | 6.75 %<sup>(a)</sup> | 03/01/2033 | 1165154 |
| 425000 | QXO Building Products, Inc. | 6.75 %<sup>(a)</sup> | 04/30/2032 | 444218 |
| 210000 | Radiate Holdco LLC / Radiate Finance, Inc. | 4.50 %<sup>(a)</sup> | 09/15/2026 | 200550 |
| 362936 | Radiology Partners, Inc.<br> (9.78% Cash or 9.78% PIK) | 9.78 %<sup>(a)</sup> | 02/15/2030 | 349780 |
| 925000 | Radiology Partners, Inc. | 8.50 %<sup>(a)</sup> | 07/15/2032 | 967446 |
| 4734000 | Rentokil Terminix Funding LLC | 5.00 %<sup>(a)</sup> | 04/28/2030 | 4818524 |
| 4626000 | Republic Services, Inc. | 5.15% | 03/15/2035 | 4782207 |
| 960000 | RHP Hotel Properties LP / RHP Finance Corp. | 6.50 %<sup>(a)</sup> | 06/15/2033 | 1001824 |
| 1930000 | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp. | 6.63 %<sup>(a)</sup> | 02/01/2033 | 1974400 |
| 615000 | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp. | 6.25 %<sup>(a)</sup> | 10/15/2030 | 628037 |
| 575000 | Rocket Cos., Inc. | 6.13 %<sup>(a)</sup> | 08/01/2030 | 594696 |
| 575000 | Rocket Cos., Inc. | 6.38 %<sup>(a)</sup> | 08/01/2033 | 600225 |
| 4829000 | Rollins, Inc. | 5.25% | 02/24/2035 | 4929313 |
| 1447000 | Roper Technologies, Inc. | 4.25% | 09/15/2028 | 1452452 |
| 2416000 | Royal Caribbean Cruises Ltd. | 5.38 %<sup>(a)</sup> | 07/15/2027 | 2435005 |
| 2080000 | Royal Caribbean Cruises Ltd. | 5.38% | 01/15/2036 | 2089498 |
| 2951000 | Royalty Pharma PLC | 5.95% | 09/25/2055 | 2935204 |
| 2322000 | Sabra Health Care LP | 3.20% | 12/01/2031 | 2127996 |
| 229000 | Sabre GLBL, Inc. | 10.75 %<sup>(a)</sup> | 11/15/2029 | 194891 |
| 340000 | Sabre GLBL, Inc. | 10.75 %<sup>(a)</sup> | 03/15/2030 | 279847 |
| 490000 | Select Medical Corp. | 6.25 %<sup>(a)</sup> | 12/01/2032 | 479458 |
| 780000 | Service Properties Trust | 0.00 %<sup>(a)</sup> | 09/30/2027 | 705827 |
| 260000 | Service Properties Trust | 5.50% | 12/15/2027 | 256919 |
| 550000 | Service Properties Trust | 8.88% | 06/15/2032 | 543017 |
| 1100000 | Sirius XM Radio LLC | 5.50 %<sup>(a)</sup> | 07/01/2029 | 1109638 |
| 245000 | Six Flags Entertainment Corp. | 7.25 %<sup>(a)</sup> | 05/15/2031 | 235270 |
| 720000 | SM Energy Co. | 7.00 %<sup>(a)</sup> | 08/01/2032 | 708263 |
| 1170000 | Solstice Advanced Materials, Inc. | 5.63 %<sup>(a)</sup> | 09/30/2033 | 1181014 |
| 2465000 | Sonoco Products Co. | 4.60% | 09/01/2029 | 2486028 |
| 3267000 | Southern Co.<br> (5 yr. CMT Rate + 2.07%) | 6.38% | 03/15/2055 | 3411600 |
| 1238000 | Southern Natural Gas Co. LLC | 5.45 %<sup>(a)</sup> | 08/01/2035 | 1267372 |
| 2712000 | Southern Power Co. | 4.90% | 10/01/2035 | 2684431 |
| 625000 | Standard Building Solutions, Inc. | 6.50 %<sup>(a)</sup> | 08/15/2032 | 643904 |
| 830000 | Standard Building Solutions, Inc. | 5.88 %<sup>(a)</sup> | 03/15/2034 | 832945 |
| 795000 | Staples, Inc. | 10.75 %<sup>(a)</sup> | 09/01/2029 | 791375 |
| 360000 | Star Leasing Co. LLC | 7.63 %<sup>(a)</sup> | 02/15/2030 | 335219 |
| 1015000 | Starwood Property Trust, Inc. | 5.25 %<sup>(a)</sup> | 10/15/2028 | 1026223 |
| 850000 | Starwood Property Trust, Inc. | 7.25 %<sup>(a)</sup> | 04/01/2029 | 898749 |
| 405000 | Starwood Property Trust, Inc. | 6.00 %<sup>(a)</sup> | 04/15/2030 | 417167 |
| 170000 | Starz Capital Holdings LLC | 5.50 %<sup>(a)</sup> | 04/15/2029 | 137528 |
| 625000 | Station Casinos LLC | 6.63 %<sup>(a)</sup> | 03/15/2032 | 642639 |
| 685000 | Suburban Propane Partners LP/Suburban Energy Finance Corp. | 5.00 %<sup>(a)</sup> | 06/01/2031 | 659218 |
| 5593000 | Sun Communities Operating LP | 2.70% | 07/15/2031 | 5085656 |
| 660000 | SunCoke Energy, Inc. | 4.88 %<sup>(a)</sup> | 06/30/2029 | 613447 |
| 635000 | Sunoco LP / Sunoco Finance Corp. | 6.00% | 04/15/2027 | 638200 |
| 210000 | SWF Holdings I Corp. | 6.50 %<sup>(a)</sup> | 10/01/2029 | 50400 |
| 4890000 | Takeda US Financing, Inc. | 5.90% | 07/07/2055 | 4951519 |
| 495000 | Talen Energy Supply LLC | 6.25 %<sup>(a)</sup> | 02/01/2034 | 505090 |
| 1205000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. | 7.38 %<sup>(a)</sup> | 02/15/2029 | 1249950 |
| 340000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. | 6.75 %<sup>(a)</sup> | 03/15/2034 | 340199 |
| 1240000 | Taylor Morrison Communities, Inc. | 5.75 %<sup>(a)</sup> | 11/15/2032 | 1276607 |
| 1320000 | Tenet Healthcare Corp. | 6.13% | 06/15/2030 | 1352397 |
| 205000 | Tenet Healthcare Corp. | 5.50 %<sup>(a)</sup> | 11/15/2032 | 207943 |
| 210000 | Tenet Healthcare Corp. | 6.00 %<sup>(a)</sup> | 11/15/2033 | 216346 |
| 4627000 | Textron, Inc. | 5.50% | 05/15/2035 | 4804622 |
| 5303000 | T-Mobile USA, Inc. | 3.40% | 10/15/2052 | 3568428 |
| 3053000 | T-Mobile USA, Inc. | 5.25% | 06/15/2055 | 2783738 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 2946000 | T-Mobile USA, Inc. | 5.88% | 11/15/2055 | 2955524 |
| 9042000 | Trans-Allegheny Interstate Line Co. | 5.00 %<sup>(a)</sup> | 01/15/2031 | 9294313 |
| 1245000 | TransDigm, Inc. | 6.88 %<sup>(a)</sup> | 12/15/2030 | 1303548 |
| 1140000 | TransDigm, Inc. | 6.38 %<sup>(a)</sup> | 05/31/2033 | 1170560 |
| 85000 | TransDigm, Inc. | 6.25 %<sup>(a)</sup> | 01/31/2034 | 88247 |
| 120000 | TransDigm, Inc. | 6.75 %<sup>(a)</sup> | 01/31/2034 | 125078 |
| 255000 | Transocean International Ltd. | 7.88 %<sup>(a)</sup> | 10/15/2032 | 267530 |
| 1950000 | Travelers Cos., Inc. | 5.70% | 07/24/2055 | 1993073 |
| 445000 | Trident TPI Holdings, Inc. | 12.75 %<sup>(a)</sup> | 12/31/2028 | 456513 |
| 2036000 | Truist Financial Corp.<br> (SOFR + 2.45%) | 7.16% | 10/30/2029 | 2196779 |
| 4611000 | Truist Financial Corp.<br> (SOFR + 1.57%) | 5.15% | 08/05/2032 | 4766258 |
| 5313000 | Uber Technologies, Inc. | 4.50 %<sup>(a)</sup> | 08/15/2029 | 5323615 |
| 4767000 | Uber Technologies, Inc. | 4.80% | 09/15/2034 | 4768838 |
| 655000 | UKG, Inc. | 6.88 %<sup>(a)</sup> | 02/01/2031 | 673859 |
| 1255000 | United Airlines, Inc. | 4.63 %<sup>(a)</sup> | 04/15/2029 | 1250441 |
| 2060000 | United Natural Foods, Inc. | 6.75 %<sup>(a)</sup> | 10/15/2028 | 2071824 |
| 835000 | United Rentals North America, Inc. | 5.38 %<sup>(a)</sup> | 11/15/2033 | 834914 |
| 480000 | Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC | 8.63 %<sup>(a)</sup> | 06/15/2032 | 473204 |
| 1160000 | Univision Communications, Inc. | 8.50 %<sup>(a)</sup> | 07/31/2031 | 1212727 |
| 445000 | Upbound Group, Inc. | 6.38 %<sup>(a)</sup> | 02/15/2029 | 438889 |
| 1725000 | US Foods, Inc. | 5.75 %<sup>(a)</sup> | 04/15/2033 | 1758662 |
| 500000 | Vail Resorts, Inc. | 6.50 %<sup>(a)</sup> | 05/15/2032 | 519174 |
| 940000 | Venture Global LNG, Inc. | 8.13 %<sup>(a)</sup> | 06/01/2028 | 952637 |
| 720000 | Venture Global LNG, Inc. | 8.38 %<sup>(a)</sup> | 06/01/2031 | 716404 |
| 330000 | Venture Global LNG, Inc. | 9.88 %<sup>(a)</sup> | 02/01/2032 | 341120 |
| 630000 | Venture Global Plaquemines LNG LLC | 6.13 %<sup>(a)</sup> | 12/15/2030 | 641922 |
| 215000 | Venture Global Plaquemines LNG LLC | 7.50 %<sup>(a)</sup> | 05/01/2033 | 232427 |
| 670000 | Venture Global Plaquemines LNG LLC | 6.50 %<sup>(a)</sup> | 01/15/2034 | 686583 |
| 1651000 | Veralto Corp. | 5.35% | 09/18/2028 | 1702807 |
| 2378000 | Veralto Corp. | 5.45% | 09/18/2033 | 2482847 |
| 5963000 | VeriSign, Inc. | 5.25% | 06/01/2032 | 6131760 |
| 4621000 | Verisk Analytics, Inc. | 5.25% | 06/05/2034 | 4744791 |
| 685000 | Veritiv Operating Co. | 10.50 %<sup>(a)</sup> | 11/30/2030 | 737377 |
| 6033000 | Verizon Communications, Inc. | 5.75% | 11/30/2045 | 5993428 |
| 2433000 | Vertiv Group Corp. | 4.13 %<sup>(a)</sup> | 11/15/2028 | 2404534 |
| 4882000 | VICI Properties LP / VICI Note Co., Inc. | 4.63 %<sup>(a)</sup> | 12/01/2029 | 4874406 |
| 1630000 | Victra Holdings LLC / Victra Finance Corp. | 8.75 %<sup>(a)</sup> | 09/15/2029 | 1727764 |
| 2265000 | Viking Cruises Ltd. | 5.88 %<sup>(a)</sup> | 10/15/2033 | 2301134 |
| 1706000 | Viper Energy Partners LLC | 4.90% | 08/01/2030 | 1726668 |
| 1697000 | Virginia Electric and Power Co. | 5.55% | 08/15/2054 | 1646421 |
| 2434000 | Virginia Electric and Power Co. | 5.60% | 09/15/2055 | 2366304 |
| 2479000 | Vistra Operations Co. LLC | 4.38 %<sup>(a)</sup> | 05/01/2029 | 2449103 |
| 250000 | Vital Energy, Inc. | 7.88 %<sup>(a)</sup> | 04/15/2032 | 246491 |
| 650000 | VoltaGrid LLC | 7.38 %<sup>(a)</sup> | 11/01/2030 | 644300 |
| 590000 | Voyager Parent LLC | 9.25 %<sup>(a)</sup> | 07/01/2032 | 626421 |
| 1776000 | VSP Optical Group, Inc. | 5.45 %<sup>(a)</sup> | 12/01/2035 | 1788491 |
| 485000 | VT Topco, Inc. | 8.50 %<sup>(a)</sup> | 08/15/2030 | 508834 |
| 760000 | Walker & Dunlop, Inc. | 6.63 %<sup>(a)</sup> | 04/01/2033 | 783373 |
| 790000 | Wand NewCo 3, Inc. | 7.63 %<sup>(a)</sup> | 01/30/2032 | 836476 |
| 980000 | Warnermedia Holdings, Inc. | 4.05% | 03/15/2029 | 953432 |
| 415000 | Warnermedia Holdings, Inc. | 4.28% | 03/15/2032 | 364814 |
| 715000 | Warnermedia Holdings, Inc. | 5.05% | 03/15/2042 | 504969 |
| 3884000 | Waste Connections, Inc. | 5.25% | 09/01/2035 | 4022264 |
| 1255000 | Watco Cos. LLC / Watco Finance Corp. | 7.13 %<sup>(a)</sup> | 08/01/2032 | 1315073 |
| 615000 | Wayfair LLC | 7.25 %<sup>(a)</sup> | 10/31/2029 | 642493 |
| 820000 | Wayfair LLC | 6.75 %<sup>(a)</sup> | 11/15/2032 | 843985 |
| 990000 | WBI Operating LLC | 6.50 %<sup>(a)</sup> | 10/15/2033 | 986780 |
| 1190000 | Weatherford International Ltd. | 6.75 %<sup>(a)</sup> | 10/15/2033 | 1219324 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 3465000 | WEC Energy Group, Inc.<br> (5 yr. CMT Rate + 1.91%) | 5.63% | 05/15/2056 | 3489404 |
| 9509000 | Wells Fargo & Co.<br> (SOFR + 1.50%) | 5.15% | 04/23/2031 | 9817578 |
| 6916000 | Wells Fargo & Co.<br> (SOFR + 2.06%) | 6.49% | 10/23/2034 | 7659678 |
| 2058000 | Wells Fargo & Co.<br> (SOFR + 1.34%) | 4.89% | 09/15/2036 | 2052358 |
| 440000 | WESCO Distribution, Inc. | 6.38 %<sup>(a)</sup> | 03/15/2033 | 459672 |
| 4596000 | Westinghouse Air Brake Technologies Corp. | 4.90% | 05/29/2030 | 4710456 |
| 580000 | Whirlpool Corp. | 6.50% | 06/15/2033 | 562842 |
| 2781000 | Willis North America, Inc. | 4.55% | 03/15/2031 | 2785559 |
| 535000 | Windstream Services LLC | 7.50 %<sup>(a)</sup> | 10/15/2033 | 548887 |
| 790000 | Windstream Services LLC / Windstream Escrow Finance Corp. | 8.25 %<sup>(a)</sup> | 10/01/2031 | 830061 |
| 4464000 | Workday, Inc. | 3.70% | 04/01/2029 | 4401964 |
| 2589000 | Workday, Inc. | 3.80% | 04/01/2032 | 2478016 |
| 770000 | WR Grace Holdings LLC | 5.63 %<sup>(a)</sup> | 08/15/2029 | 735947 |
| 525000 | WULF Compute LLC | 7.75 %<sup>(a)</sup> | 10/15/2030 | 541280 |
| 1215000 | Wyndham Hotels & Resorts, Inc. | 4.38 %<sup>(a)</sup> | 08/15/2028 | 1203525 |
| 3250000 | XHR LP | 6.63 %<sup>(a)</sup> | 05/15/2030 | 3358339 |
| 1510000 | XPO, Inc. | 7.13 %<sup>(a)</sup> | 06/01/2031 | 1580608 |
| 4651000 | Zimmer Biomet Holdings, Inc. | 5.20% | 09/15/2034 | 4743905 |
| 4771000 | Zoetis, Inc. | 4.15% | 08/17/2028 | 4798356 |
| 1928000 | Zoetis, Inc. | 4.70% | 02/01/2043 | 1770662 |
|  | **Total US Corporate Bonds (Cost $1,010,392,414)** | **Total US Corporate Bonds (Cost $1,010,392,414)** | **Total US Corporate Bonds (Cost $1,010,392,414)** | **1007876382** |
| **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 22.1%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 22.1%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 22.1%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 22.1%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 22.1%** |
|  | Fannie Mae Whole Loan |  |  |  |
| 96856 | &nbsp;&nbsp;Series 2003-W17-1A7 | 5.75% | 08/25/2033 | 98635 |
|  | Federal Home Loan Mortgage Corp. |  |  |  |
| 164769 | &nbsp;&nbsp;Pool G01840 | 5.00% | 07/01/2035 | 167709 |
| 100649 | &nbsp;&nbsp;Pool G04817 | 5.00% | 09/01/2038 | 103673 |
| 4257249 | &nbsp;&nbsp;Pool G08537 | 3.00% | 07/01/2043 | 3940590 |
| 2373847 | &nbsp;&nbsp;Pool G08622 | 3.00% | 01/01/2045 | 2175765 |
| 2277942 | &nbsp;&nbsp;Pool G08686 | 3.00% | 01/01/2046 | 2080466 |
| 8458692 | &nbsp;&nbsp;Pool G08701 | 3.00% | 04/01/2046 | 7710074 |
| 562461 | &nbsp;&nbsp;Pool G08737 | 3.00% | 12/01/2046 | 511081 |
| 4986362 | &nbsp;&nbsp;Pool G61645 | 4.00% | 10/01/2048 | 4823251 |
| 658058 | &nbsp;&nbsp;Pool N70081 | 5.50% | 07/01/2038 | 672151 |
| 4133779 | &nbsp;&nbsp;Pool Q33789 | 3.50% | 06/01/2045 | 3943016 |
| 8126859 | &nbsp;&nbsp;Pool QX1615 | 5.50% | 12/01/2054 | 8376581 |
| 6876864 | &nbsp;&nbsp;Pool RA3722 | 2.50% | 10/01/2050 | 5944694 |
| 25009784 | &nbsp;&nbsp;Pool RJ4841 | 5.50% | 09/01/2055 | 25772448 |
| 6459299 | &nbsp;&nbsp;Pool SD0699 | 2.00% | 11/01/2050 | 5398942 |
| 21447138 | &nbsp;&nbsp;Pool SD2912 | 5.00% | 05/01/2053 | 21606171 |
| 35876351 | &nbsp;&nbsp;Pool SD2969 | 2.50% | 05/01/2052 | 31032870 |
| 16832246 | &nbsp;&nbsp;Pool SD3892 | 5.50% | 09/01/2053 | 17232189 |
| 21571284 | &nbsp;&nbsp;Pool SD4301 | 6.00% | 11/01/2053 | 22703863 |
| 9238032 | &nbsp;&nbsp;Pool SD4400 | 2.00% | 02/01/2051 | 7635471 |
| 4791846 | &nbsp;&nbsp;Pool SD4658 | 5.00% | 06/01/2053 | 4855074 |
| 17110115 | &nbsp;&nbsp;Pool SD4888 | 6.00% | 02/01/2054 | 17829173 |
| 11040492 | &nbsp;&nbsp;Pool SD4977 | 5.00% | 11/01/2053 | 11054422 |
| 13101149 | &nbsp;&nbsp;Pool SD5598 | 5.50% | 05/01/2054 | 13451360 |
| 27976486 | &nbsp;&nbsp;Pool SD5726 | 3.00% | 07/01/2052 | 25056660 |
| 5977557 | &nbsp;&nbsp;Pool SD5964 | 5.50% | 11/01/2053 | 6144491 |
| 49734347 | &nbsp;&nbsp;Pool SD7538 | 2.00% | 04/01/2051 | 41415431 |
| 64088521 | &nbsp;&nbsp;Pool SD7553 | 3.00% | 03/01/2052 | 57732045 |
| 15955950 | &nbsp;&nbsp;Pool SD7562 | 5.50% | 04/01/2053 | 16468003 |
| 21195156 | &nbsp;&nbsp;Pool SD7564 | 5.00% | 06/01/2053 | 21431488 |
| 16529409 | &nbsp;&nbsp;Pool SD7565 | 5.50% | 09/01/2053 | 17011810 |
| 7918976 | &nbsp;&nbsp;Pool SD7567 | 5.50% | 02/01/2054 | 8173440 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 12398799 | &nbsp;&nbsp;Pool SD7568 | 5.50% | 02/01/2054 | 12787394 |
| 14842129 | &nbsp;&nbsp;Pool SD8276 | 5.00% | 12/01/2052 | 14871554 |
| 13131233 | &nbsp;&nbsp;Pool SD8299 | 5.00% | 02/01/2053 | 13155918 |
| 22275502 | &nbsp;&nbsp;Pool SL1712 | 6.00% | 12/01/2054 | 23103411 |
| 636054 | &nbsp;&nbsp;Pool T60854 | 3.50% | 09/01/2042 | 599306 |
| 126933 | &nbsp;&nbsp;Pool U60299 | 4.00% | 11/01/2040 | 124289 |
| 26287556 | &nbsp;&nbsp;Pool WS4034 | 3.75% | 01/01/2034 | 25039900 |
| 9111775 | &nbsp;&nbsp;Pool ZT1827 | 3.00% | 07/01/2047 | 8272315 |
| 21453 | &nbsp;&nbsp;Series 2692-SC (-2 x 30 day avg SOFR US + 13.06%, 0.00% Floor, 13.29% Cap) | 5.09 %<sup>(j)</sup> | 07/15/2033 | 22991 |
| 454993 | &nbsp;&nbsp;Series 2722-PS (-1 x 30 day avg SOFR US + 9.76%, 0.00% Floor, 9.89% Cap) | 5.34 %<sup>(j)</sup> | 12/15/2033 | 480955 |
| 19224 | &nbsp;&nbsp;Series 2750-ZT | 5.00% | 02/15/2034 | 19640 |
| 48604 | &nbsp;&nbsp;Series 3002-SN (-1 x 30 day avg SOFR US + 6.39%, 0.00% Floor, 6.50% Cap) | 2.40 %<sup>(h)(j)</sup> | 07/15/2035 | 3905 |
| 23442 | &nbsp;&nbsp;Series 3045-DI (-1 x 30 day avg SOFR US + 6.62%, 0.00% Floor, 6.73% Cap) | 2.63 %<sup>(h)(j)</sup> | 10/15/2035 | 2150 |
| 85435 | &nbsp;&nbsp;Series 3116-Z | 5.50% | 02/15/2036 | 88542 |
| 5930 | &nbsp;&nbsp;Series 3117-ZN | 4.50% | 02/15/2036 | 5962 |
| 23091 | &nbsp;&nbsp;Series 3275-SC (-1 x 30 day avg SOFR US + 5.97%, 0.00% Floor, 6.08% Cap) | 1.98 %<sup>(h)(j)</sup> | 02/15/2037 | 2077 |
| 74287 | &nbsp;&nbsp;Series 3382-SB (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 1.90 %<sup>(h)(j)</sup> | 11/15/2037 | 5318 |
| 75661 | &nbsp;&nbsp;Series 3384-S (-1 x 30 day avg SOFR US + 6.28%, 0.00% Floor, 6.39% Cap) | 2.29 %<sup>(h)(j)</sup> | 11/15/2037 | 6035 |
| 27282 | &nbsp;&nbsp;Series 3417-SX (-1 x 30 day avg SOFR US + 6.07%, 0.00% Floor, 6.18% Cap) | 2.08 %<sup>(h)(j)</sup> | 02/15/2038 | 2130 |
| 9655 | &nbsp;&nbsp;Series 3423-GS (-1 x 30 day avg SOFR US + 5.54%, 0.00% Floor, 5.65% Cap) | 1.55 %<sup>(h)(j)</sup> | 03/15/2038 | 717 |
| 9655 | &nbsp;&nbsp;Series 3423-SG (-1 x 30 day avg SOFR US + 5.54%, 0.00% Floor, 5.65% Cap) | 1.55 %<sup>(h)(j)</sup> | 03/15/2038 | 705 |
| 40616 | &nbsp;&nbsp;Series 3524-LB | 3.31 %<sup>(c)</sup> | 06/15/2038 | 39421 |
| 26906 | &nbsp;&nbsp;Series 3562-WS (-1 x 30 day avg SOFR US + 4.84%, 0.00% Floor, 4.95% Cap) | 0.85 %<sup>(h)(j)</sup> | 08/15/2039 | 1522 |
| 70174 | &nbsp;&nbsp;Series 3582-SA (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 1.90 %<sup>(h)(j)</sup> | 10/15/2049 | 5411 |
| 41876 | &nbsp;&nbsp;Series 3616-SG (-1 x 30 day avg SOFR US + 6.24%, 0.00% Floor, 6.35% Cap) | 2.25 %<sup>(h)(j)</sup> | 03/15/2032 | 1668 |
| 296869 | &nbsp;&nbsp;Series 3626-AZ | 5.50% | 08/15/2036 | 308814 |
| 137315 | &nbsp;&nbsp;Series 3666-SC (-1 x 30 day avg SOFR US + 5.66%, 0.00% Floor, 5.77% Cap) | 1.67 %<sup>(h)(j)</sup> | 05/15/2040 | 10426 |
| 264967 | &nbsp;&nbsp;Series 3779-YA | 3.50% | 12/15/2030 | 262579 |
| 162797 | &nbsp;&nbsp;Series 3786-SG (-2 x 30 day avg SOFR US + 9.27%, 0.00% Floor, 9.50% Cap) | 1.30 %<sup>(j)</sup> | 01/15/2041 | 124232 |
| 101340 | &nbsp;&nbsp;Series 3792-SE (-2 x 30 day avg SOFR US + 9.63%, 0.00% Floor, 9.86% Cap) | 1.66 %<sup>(j)</sup> | 01/15/2041 | 64810 |
| 258170 | &nbsp;&nbsp;Series 3806-CZ | 5.50% | 07/15/2034 | 267313 |
| 431839 | &nbsp;&nbsp;Series 3818-CZ | 4.50% | 03/15/2041 | 429465 |
| 246778 | &nbsp;&nbsp;Series 3828-SW (-3 x 30 day avg SOFR US + 12.86%, 0.00% Floor, 13.20% Cap) | 0.91 %<sup>(j)</sup> | 02/15/2041 | 210631 |
| 1671733 | &nbsp;&nbsp;Series 3889-VZ | 4.00% | 07/15/2041 | 1626875 |
| 658506 | &nbsp;&nbsp;Series 3972-AZ | 3.50% | 12/15/2041 | 616551 |
| 1838139 | &nbsp;&nbsp;Series 4291-MS (-1 x 30 day avg SOFR US + 5.79%, 0.00% Floor, 5.90% Cap) | 1.80 %<sup>(h)(j)</sup> | 01/15/2054 | 188663 |
| 417749 | &nbsp;&nbsp;Series 4471-BA | 3.00% | 12/15/2041 | 415827 |
| 10647297 | &nbsp;&nbsp;Series 5470-FH (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% | 11/25/2054 | 10688380 |
| 15692350 | &nbsp;&nbsp;Series 5524-AF (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% | 04/25/2055 | 15631658 |
|  | Federal National Mortgage Association |  |  |  |
| 29738 | &nbsp;&nbsp;Pool 555743 | 5.00% | 09/01/2033 | 30182 |
| 26603 | &nbsp;&nbsp;Pool 735382 | 5.00% | 04/01/2035 | 27304 |
| 228527 | &nbsp;&nbsp;Pool 735383 | 5.00% | 04/01/2035 | 234542 |
| 112463 | &nbsp;&nbsp;Pool 735402 | 5.00% | 04/01/2035 | 115424 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 153141 | &nbsp;&nbsp;Pool 735484 | 5.00% | 05/01/2035 | 157173 |
| 38786 | &nbsp;&nbsp;Pool 931104 | 5.00% | 05/01/2039 | 39518 |
| 184225 | &nbsp;&nbsp;Pool 995203 | 5.00% | 07/01/2035 | 187259 |
| 135577 | &nbsp;&nbsp;Pool AB2123 | 4.00% | 01/01/2031 | 135386 |
| 1909 | &nbsp;&nbsp;Pool AD2177 | 4.50% | 06/01/2030 | 1916 |
| 201179 | &nbsp;&nbsp;Pool AH7309 | 4.00% | 02/01/2031 | 200632 |
| 3252773 | &nbsp;&nbsp;Pool AL9238 | 3.00% | 10/01/2041 | 3021584 |
| 516690 | &nbsp;&nbsp;Pool AL9445 | 3.00% | 07/01/2031 | 507746 |
| 6289858 | &nbsp;&nbsp;Pool AS7661 | 3.00% | 08/01/2046 | 5598301 |
| 3089173 | &nbsp;&nbsp;Pool AS7724 | 2.50% | 08/01/2046 | 2690547 |
| 6392262 | &nbsp;&nbsp;Pool BD8013 | 2.50% | 09/01/2046 | 5567444 |
| 17450500 | &nbsp;&nbsp;Pool BL2643 | 3.39% | 07/01/2034 | 16163164 |
| 4636403 | &nbsp;&nbsp;Pool BL9284 | 2.23% | 12/01/2050 | 3323078 |
| 1566005 | &nbsp;&nbsp;Pool BM4094 | 3.00% | 03/01/2043 | 1450042 |
| 39438408 | &nbsp;&nbsp;Pool BR2217 | 2.50% | 08/01/2051 | 34114119 |
| 36599790 | &nbsp;&nbsp;Pool BS4941 | 2.46% | 04/01/2032 | 32945508 |
| 7045000 | &nbsp;&nbsp;Pool BZ3117 | 5.06% | 03/01/2035 | 7256113 |
| 17105000 | &nbsp;&nbsp;Pool BZ3231 | 5.02% | 03/01/2035 | 17631652 |
| 20425593 | &nbsp;&nbsp;Pool BZ4011 | 4.48% | 06/01/2030 | 20591029 |
| 5208970 | &nbsp;&nbsp;Pool BZ4013 | 4.48% | 06/01/2030 | 5251160 |
| 16032000 | &nbsp;&nbsp;Pool BZ4132 | 4.74% | 07/01/2030 | 16239124 |
| 31353693 | &nbsp;&nbsp;Pool CB7272 | 6.00% | 10/01/2053 | 32628183 |
| 13151900 | &nbsp;&nbsp;Pool CB7335 | 5.50% | 10/01/2053 | 13532194 |
| 8085272 | &nbsp;&nbsp;Pool CB8122 | 5.00% | 03/01/2054 | 8185455 |
| 20305114 | &nbsp;&nbsp;Pool CB8138 | 5.50% | 03/01/2054 | 20835912 |
| 24863835 | &nbsp;&nbsp;Pool CB8692 | 5.50% | 06/01/2054 | 25627798 |
| 27375652 | &nbsp;&nbsp;Pool FA0114 | 3.00% | 07/01/2052 | 24559636 |
| 9136993 | &nbsp;&nbsp;Pool FA0517 | 5.50% | 02/01/2055 | 9301858 |
| 20125019 | &nbsp;&nbsp;Pool FA1144 | 6.00% | 06/01/2054 | 20889713 |
| 8225283 | &nbsp;&nbsp;Pool FA1622 | 2.50% | 06/01/2052 | 7009570 |
| 18209298 | &nbsp;&nbsp;Pool FA2510 | 5.50% | 08/01/2055 | 18656942 |
| 22229927 | &nbsp;&nbsp;Pool FA2974 | 5.50% | 07/01/2055 | 22739268 |
| 32468982 | &nbsp;&nbsp;Pool FA3143 | 2.50% | 03/01/2052 | 27908113 |
| 10687835 | &nbsp;&nbsp;Pool FA3446 | 2.50% | 03/01/2052 | 9217392 |
| 8714937 | &nbsp;&nbsp;Pool FM1000 | 3.00% | 04/01/2047 | 7912042 |
| 14297295 | &nbsp;&nbsp;Pool FM4575 | 2.50% | 10/01/2050 | 12388144 |
| 8881871 | &nbsp;&nbsp;Pool FM6061 | 2.00% | 02/01/2051 | 7348203 |
| 5788395 | &nbsp;&nbsp;Pool FM8664 | 3.00% | 10/01/2046 | 5263272 |
| 32254279 | &nbsp;&nbsp;Pool FS1472 | 3.50% | 11/01/2050 | 30134091 |
| 8429384 | &nbsp;&nbsp;Pool FS3708 | 5.00% | 01/01/2053 | 8455662 |
| 25967095 | &nbsp;&nbsp;Pool FS5417 | 2.50% | 04/01/2052 | 22407860 |
| 27066764 | &nbsp;&nbsp;Pool FS5875 | 2.50% | 04/01/2052 | 23356748 |
| 7291059 | &nbsp;&nbsp;Pool FS6084 | 6.00% | 10/01/2053 | 7573210 |
| 1971507 | &nbsp;&nbsp;Pool FS6309 | 6.00% | 12/01/2053 | 2075020 |
| 5775542 | &nbsp;&nbsp;Pool FS6476 | 2.50% | 11/01/2051 | 4988726 |
| 3513014 | &nbsp;&nbsp;Pool FS7708 | 3.50% | 04/01/2052 | 3276307 |
| 3944195 | &nbsp;&nbsp;Pool FS8999 | 6.00% | 08/01/2054 | 4121636 |
| 6114785 | &nbsp;&nbsp;Pool FS9728 | 3.00% | 03/01/2052 | 5513797 |
| 78747 | &nbsp;&nbsp;Pool MA0264 | 4.50% | 12/01/2029 | 79369 |
| 53726 | &nbsp;&nbsp;Pool MA0353 | 4.50% | 03/01/2030 | 54165 |
| 4037 | &nbsp;&nbsp;Pool MA0468 | 5.00% | 07/01/2040 | 4013 |
| 1724376 | &nbsp;&nbsp;Pool MA2151 | 3.50% | 01/01/2045 | 1618474 |
| 877845 | &nbsp;&nbsp;Pool MA2248 | 3.00% | 04/01/2045 | 786768 |
| 1437941 | &nbsp;&nbsp;Pool MA2621 | 3.50% | 05/01/2046 | 1344391 |
| 3237756 | &nbsp;&nbsp;Pool MA2649 | 3.00% | 06/01/2046 | 2881769 |
| 1303716 | &nbsp;&nbsp;Pool MA2711 | 3.00% | 08/01/2046 | 1160376 |
| 8344394 | &nbsp;&nbsp;Pool MA2806 | 3.00% | 11/01/2046 | 7577496 |
| 7848047 | &nbsp;&nbsp;Pool MA4399 | 2.50% | 08/01/2051 | 6693178 |
| 10952778 | &nbsp;&nbsp;Pool MA4709 | 5.00% | 07/01/2052 | 10975622 |
| 12795763 | &nbsp;&nbsp;Pool MA5086 | 5.00% | 07/01/2043 | 13068171 |
| 16718014 | &nbsp;&nbsp;Pool MA5106 | 5.00% | 08/01/2053 | 16734790 |
| 547667 | &nbsp;&nbsp;Series 2005-20-QH | 5.00% | 03/25/2035 | 562472 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 97139 | &nbsp;&nbsp;Series 2006-101-SA (-1 x 30 day avg SOFR US + 6.47%, 0.00% Floor, 6.58% Cap) | 2.59 %<sup>(h)(j)</sup> | 10/25/2036 | 12555 |
| 37299 | &nbsp;&nbsp;Series 2006-56-SM (-1 x 30 day avg SOFR US + 6.64%, 0.00% Floor, 6.75% Cap) | 2.76 %<sup>(h)(j)</sup> | 07/25/2036 | 3414 |
| 34283 | &nbsp;&nbsp;Series 2007-116-BI (-1 x 30 day avg SOFR US + 6.14%, 0.00% Floor, 6.25% Cap) | 2.26 %<sup>(h)(j)</sup> | 05/25/2037 | 2935 |
| 430137 | &nbsp;&nbsp;Series 2007-30-FS (-5 x 30 day avg SOFR US + 29.30%, 0.00% Floor, 29.83% Cap) | 11.35 %<sup>(j)</sup> | 04/25/2037 | 522441 |
| 167252 | &nbsp;&nbsp;Series 2007-30-OI (-1 x 30 day avg SOFR US + 6.33%, 0.00% Floor, 6.44% Cap) | 2.45 %<sup>(h)(j)</sup> | 04/25/2037 | 20670 |
| 24769 | &nbsp;&nbsp;Series 2008-29-ZA | 4.50% | 04/25/2038 | 24867 |
| 11655 | &nbsp;&nbsp;Series 2008-62-SC (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(h)(j)</sup> | 07/25/2038 | 755 |
| 116231 | &nbsp;&nbsp;Series 2009-111-EZ | 5.00% | 01/25/2040 | 119120 |
| 3503 | &nbsp;&nbsp;Series 2009-111-SE (-1 x 30 day avg SOFR US + 6.14%, 0.00% Floor, 6.25% Cap) | 2.26 %<sup>(h)(j)</sup> | 01/25/2040 | 392 |
| 7371 | &nbsp;&nbsp;Series 2009-16-MZ | 5.00% | 03/25/2029 | 7367 |
| 17605 | &nbsp;&nbsp;Series 2009-48-WS (-1 x 30 day avg SOFR US + 5.84%, 0.00% Floor, 5.95% Cap) | 1.96 %<sup>(h)(j)</sup> | 07/25/2039 | 1588 |
| 32957 | &nbsp;&nbsp;Series 2009-62-PS (-1 x 30 day avg SOFR US + 5.99%, 0.00% Floor, 6.10% Cap) | 2.11 %<sup>(h)(j)</sup> | 08/25/2039 | 955 |
| 290748 | &nbsp;&nbsp;Series 2009-77-ZA | 4.50% | 10/25/2039 | 291935 |
| 87191 | &nbsp;&nbsp;Series 2009-83-Z | 4.50% | 10/25/2039 | 87270 |
| 24410 | &nbsp;&nbsp;Series 2010-137-VS (-3 x 30 day avg SOFR US + 14.66%, 0.00% Floor, 15.00% Cap) | 2.58 %<sup>(j)</sup> | 12/25/2040 | 24868 |
| 12002 | &nbsp;&nbsp;Series 2010-31-SA (-1 x 30 day avg SOFR US + 4.89%, 0.00% Floor, 5.00% Cap) | 1.01 %<sup>(h)(j)</sup> | 04/25/2040 | 755 |
| 10053 | &nbsp;&nbsp;Series 2010-34-PS (-1 x 30 day avg SOFR US + 4.82%, 0.00% Floor, 4.93% Cap) | 0.94 %<sup>(h)(j)</sup> | 04/25/2040 | 514 |
| 57559 | &nbsp;&nbsp;Series 2010-35-SP (-1 x 30 day avg SOFR US + 6.24%, 0.00% Floor, 6.35% Cap) | 2.36 %<sup>(h)(j)</sup> | 04/25/2050 | 7097 |
| 1649 | &nbsp;&nbsp;Series 2010-35-SV (-1 x 30 day avg SOFR US + 6.34%, 0.00% Floor, 6.45% Cap) | 2.46 %<sup>(h)(j)</sup> | 04/25/2040 | 34 |
| 396893 | &nbsp;&nbsp;Series 2010-37-MY | 4.50% | 04/25/2040 | 396678 |
| 118109 | &nbsp;&nbsp;Series 2010-60-VZ | 5.00% | 10/25/2039 | 121048 |
| 53774 | &nbsp;&nbsp;Series 2010-64-EZ | 5.00% | 06/25/2040 | 54997 |
| 107013 | &nbsp;&nbsp;Series 2010-7-PE | 5.00% | 02/25/2040 | 110150 |
| 26949 | &nbsp;&nbsp;Series 2010-90-GS (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(h)(j)</sup> | 08/25/2040 | 2156 |
| 16835 | &nbsp;&nbsp;Series 2010-99-SG (-5 x 30 day avg SOFR US + 24.43%, 0.00% Floor, 25.00% Cap) | 4.30 %<sup>(j)</sup> | 09/25/2040 | 17846 |
| 935583 | &nbsp;&nbsp;Series 2011-141-PZ | 4.00% | 01/25/2042 | 893559 |
| 2860 | &nbsp;&nbsp;Series 2011-25-KY | 3.00% | 04/25/2026 | 2851 |
| 347856 | &nbsp;&nbsp;Series 2011-59-MA | 4.50% | 07/25/2041 | 350468 |
| 537681 | &nbsp;&nbsp;Series 2017-86-MA | 3.00% | 04/25/2046 | 523216 |
| 7941880 | &nbsp;&nbsp;Series 2018-21-IO | 3.00 %<sup>(h)</sup> | 04/25/2048 | 1353733 |
| 12495218 | &nbsp;&nbsp;Series 2018-21-PO | 0.00 %<sup>(k)</sup> | 04/25/2048 | 9106059 |
| 6926030 | &nbsp;&nbsp;Series 2018-35-IO | 3.00 %<sup>(h)</sup> | 05/25/2048 | 1172946 |
| 26570021 | &nbsp;&nbsp;Series 2018-35-PO | 0.00 %<sup>(k)</sup> | 05/25/2048 | 19467778 |
| 13270000 | &nbsp;&nbsp;Series 2022-M2-A2 | 2.40% | 11/25/2031 | 12105360 |
| 19563273 | &nbsp;&nbsp;Series 2025-28-FM (30 day avg SOFR US + 1.25%, 1.25% Floor, 6.50% Cap) | 5.12% | 04/25/2055 | 19669239 |
| 5118086 | &nbsp;&nbsp;Series 2025-31-FA (30 day avg SOFR US + 1.30%, 1.30% Floor, 6.50% Cap) | 5.17% | 06/25/2054 | 5150195 |
| 72522 | &nbsp;&nbsp;Series 400-S4 (-1 x 30 day avg SOFR US + 5.34%, 0.00% Floor, 5.45% Cap) | 1.46 %<sup>(h)(j)</sup> | 11/25/2039 | 5116 |
|  | Ginnie Mae I Pool |  |  |  |
| 22410837 | &nbsp;&nbsp;Pool 779384 | 3.50% | 06/15/2042 | 20954692 |
|  | Ginnie Mae II Pool |  |  |  |
| 8599623 | &nbsp;&nbsp;Pool 784415 | 3.50% | 04/20/2047 | 7960349 |
| 22263624 | &nbsp;&nbsp;Pool 785713 | 2.50% | 10/20/2051 | 19180128 |
| 10423428 | &nbsp;&nbsp;Pool 785764 | 2.50% | 11/20/2051 | 8975636 |
| 27054321 | &nbsp;&nbsp;Pool 786009 | 3.00% | 02/20/2052 | 24128189 |
| 8483725 | &nbsp;&nbsp;Pool 786227 | 3.00% | 04/20/2052 | 7563251 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 3571523 | &nbsp;&nbsp;Pool 786540 | 3.50% | 02/20/2050 | 3303834 |
| 9221445 | &nbsp;&nbsp;Pool 786718 | 3.50% | 07/20/2051 | 8492007 |
| 13947002 | &nbsp;&nbsp;Pool 787800 | 2.50% | 12/20/2050 | 11865700 |
| 20615345 | &nbsp;&nbsp;Pool 787829 | 2.50% | 03/20/2052 | 17715594 |
| 36349196 | &nbsp;&nbsp;Pool 787830 | 2.50% | 12/20/2050 | 31214302 |
| 32514620 | &nbsp;&nbsp;Pool 787831 | 2.50% | 10/20/2050 | 27788210 |
| 22720456 | &nbsp;&nbsp;Pool MA5076 | 3.00% | 03/20/2048 | 20657395 |
| 25211846 | &nbsp;&nbsp;Pool MA5191 | 3.50% | 05/20/2048 | 23408136 |
|  | Government National Mortgage Association |  |  |  |
| 52776 | &nbsp;&nbsp;Series 2003-67-SP (-1 x 1 mo. Term SOFR + 6.99%, 0.00% Floor, 7.10% Cap) | 3.03 %<sup>(h)(j)</sup> | 08/20/2033 | 386 |
| 32822 | &nbsp;&nbsp;Series 2008-82-SM (-1 x 1 mo. Term SOFR + 5.94%, 0.00% Floor, 6.05% Cap) | 2.20 %<sup>(h)(j)</sup> | 09/20/2038 | 445 |
| 457503 | &nbsp;&nbsp;Series 2009-32-ZE | 4.50% | 05/16/2039 | 457940 |
| 486457 | &nbsp;&nbsp;Series 2009-75-GZ | 4.50% | 09/20/2039 | 491109 |
| 639332 | &nbsp;&nbsp;Series 2009-75-HZ | 5.00% | 09/20/2039 | 658988 |
| 1652674 | &nbsp;&nbsp;Series 2010-113-SM (-1 x 1 mo. Term SOFR + 5.94%, 0.00% Floor, 6.05% Cap) | 2.20 %<sup>(h)(j)</sup> | 09/20/2040 | 225269 |
| 69082 | &nbsp;&nbsp;Series 2010-25-ZB | 4.50% | 02/16/2040 | 69258 |
| 968804 | &nbsp;&nbsp;Series 2011-45-GZ | 4.50% | 03/20/2041 | 956144 |
| 1237525 | &nbsp;&nbsp;Series 2013-117-MS (-1 x 1 mo. Term SOFR + 6.04%, 0.00% Floor, 6.15% Cap) | 2.30 %<sup>(h)(j)</sup> | 02/20/2043 | 56514 |
| 1568536 | &nbsp;&nbsp;Series 2013-122-SB (-1 x 1 mo. Term SOFR + 5.99%, 0.00% Floor, 6.10% Cap) | 2.25 %<sup>(h)(j)</sup> | 08/16/2043 | 179039 |
| 2234833 | &nbsp;&nbsp;Series 2014-102-TS (-1 x 1 mo. Term SOFR + 5.49%, 0.00% Floor, 5.60% Cap) | 1.75 %<sup>(h)(j)</sup> | 07/20/2044 | 224400 |
| 1934813 | &nbsp;&nbsp;Series 2014-118-PS (-1 x 1 mo. Term SOFR + 6.09%, 0.00% Floor, 6.20% Cap) | 2.35 %<sup>(h)(j)</sup> | 08/20/2044 | 275231 |
| 1692962 | &nbsp;&nbsp;Series 2014-118-SA (-1 x 1 mo. Term SOFR + 6.09%, 0.00% Floor, 6.20% Cap) | 2.35 %<sup>(h)(j)</sup> | 08/20/2044 | 240828 |
| 4989004 | &nbsp;&nbsp;Series 2017-52-FH (1 mo. Term SOFR + 0.46%, 0.35% Floor, 6.50% Cap) | 4.20% | 04/20/2047 | 4889211 |
| 12464793 | &nbsp;&nbsp;Series 2020-61-IA | 3.00 %<sup>(h)</sup> | 05/20/2050 | 2058255 |
| 17919699 | &nbsp;&nbsp;Series 2021-155-UI | 4.50 %<sup>(h)</sup> | 09/20/2051 | 3425008 |
| 16314774 | &nbsp;&nbsp;Series 2021-214-IG | 2.50 %<sup>(h)</sup> | 12/20/2051 | 2420781 |
|  | **Total US Government and Agency Mortgage Backed Obligations (Cost $1,521,017,207)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $1,521,017,207)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $1,521,017,207)** | **1486439406** |
| **US GOVERNMENT AND AGENCY OBLIGATIONS - 19.6%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 19.6%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 19.6%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 19.6%** |  |
| 19739768 | United States Treasury Inflation Indexed Bonds | 0.38% | 07/15/2027 | 19513874 |
| 25566462 | United States Treasury Inflation Indexed Bonds | 1.63% | 10/15/2027 | 25764221 |
| 19839901 | United States Treasury Inflation Indexed Bonds | 0.50% | 01/15/2028 | 19494816 |
| 340000000 | United States Treasury Note/Bond | 0.75% | 03/31/2026 | 337781867 |
| 101700000 | United States Treasury Note/Bond | 0.75% | 01/31/2028 | 96168076 |
| 131750000 | United States Treasury Note/Bond | 0.63% | 05/15/2030 | 115644078 |
| 107850000 | United States Treasury Note/Bond | 0.63% | 08/15/2030 | 93863203 |
| 289650000 | United States Treasury Note/Bond | 0.88% | 11/15/2030 | 253251405 |
| 355220000 | United States Treasury Note/Bond | 1.13% | 08/15/2040 | 223261319 |
| 140150000 | United States Treasury Note/Bond | 1.88% | 02/15/2041 | 97962661 |
| 47900000 | United States Treasury Note/Bond | 1.75% | 08/15/2041 | 32337178 |
|  | **Total US Government and Agency Obligations (Cost $1,300,323,124)** |  |  | **1315042698** |
| **COMMON STOCKS - 0.0%<sup>(l)</sup>** | **COMMON STOCKS - 0.0%<sup>(l)</sup>** | **COMMON STOCKS - 0.0%<sup>(l)</sup>** | **COMMON STOCKS - 0.0%<sup>(l)</sup>** | **COMMON STOCKS - 0.0%<sup>(l)</sup>** |
| 12346 | Altice France/Luxco 3<sup>(b)(m)</sup> |  |  | 221262 |
| 711 | Stichting Administratiekantoor ADR <sup>(b)(m)</sup> |  |  |  |
| 261 | Stichting Administratiekantoor Unigel Creditors <sup>(b)(m)</sup> |  |  |  |
|  | **Total Common Stocks (Cost $388,666)** |  |  | **221262** |
| **ESCROW NOTES - 0.0%<sup>(l)</sup>** | **ESCROW NOTES - 0.0%<sup>(l)</sup>** | **ESCROW NOTES - 0.0%<sup>(l)</sup>** | **ESCROW NOTES - 0.0%<sup>(l)</sup>** | **ESCROW NOTES - 0.0%<sup>(l)</sup>** |
| 5400000 | Credito Real SAB de CV SOFOM ER<sup>(m)</sup> |  |  | 47250 |
|  | **Total Escrow Notes (Cost $5,275,601)** |  |  | **47250** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **AFFILIATED MUTUAL FUNDS - 8.8%** | **AFFILIATED MUTUAL FUNDS - 8.8%** | **AFFILIATED MUTUAL FUNDS - 8.8%** | **AFFILIATED MUTUAL FUNDS - 8.8%** | **AFFILIATED MUTUAL FUNDS - 8.8%** |
| 14125362 | DoubleLine Emerging Markets Local Currency Bond Fund - Class I |  |  | 135744726 |
| 18461416 | DoubleLine Global Bond Fund - Class I |  |  | 162829693 |
| 5000000 | DoubleLine Long Duration Total Return Bond Fund - Class I |  |  | 31350000 |
| 27534253 | DoubleLine Select Income Fund - Class I |  |  | 262401428 |
|  | **Total Affiliated Mutual Funds (Cost $630,262,155)** | **Total Affiliated Mutual Funds (Cost $630,262,155)** | **Total Affiliated Mutual Funds (Cost $630,262,155)** | **592325847** |
| **SHORT TERM INVESTMENTS - 4.3%** | **SHORT TERM INVESTMENTS - 4.3%** | **SHORT TERM INVESTMENTS - 4.3%** | **SHORT TERM INVESTMENTS - 4.3%** | **SHORT TERM INVESTMENTS - 4.3%** |
| 96192745 | First American Government Obligations Fund - U | 3.69 %<sup>(n)</sup> |  | 96192745 |
| 96192746 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(n)</sup> |  | 96192746 |
| 96192745 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(n)</sup> |  | 96192745 |
|  | **Total Short Term Investments (Cost $288,578,236)** | **Total Short Term Investments (Cost $288,578,236)** | **Total Short Term Investments (Cost $288,578,236)** | **288578236** |
|  | **Total Investments - 99.7% (Cost $6,990,182,762)** | **Total Investments - 99.7% (Cost $6,990,182,762)** | **Total Investments - 99.7% (Cost $6,990,182,762)** | **6693210380** |
|  | **Other Assets in Excess of Liabilities - 0.3%** | **Other Assets in Excess of Liabilities - 0.3%** | **Other Assets in Excess of Liabilities - 0.3%** | **23337248** |
|  | **NET ASSETS - 100.0%** |  |  | $**6716547628** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN** as a % of Net Assets: | |
| US Government and Agency Mortgage Backed Obligations | 22.1% |
| US Government and Agency Obligations | 19.6% |
| US Corporate Bonds | 15.0% |
| Non-Agency Residential Collateralized Mortgage Obligations | 10.2% |
| Affiliated Mutual Funds | 8.8% |
| Foreign Corporate Bonds | 5.5% |
| Non-Agency Commercial Mortgage Backed Obligations | 4.9% |
| Short Term Investments | 4.3% |
| Asset Backed Obligations | 3.1% |
| Collateralized Loan Obligations | 2.8% |
| Bank Loans | 2.4% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 1.0% |
| Common Stocks | 0.0 %<sup>(l)</sup> |
| Escrow Notes | 0.0 %<sup>(l)</sup> |
| Other Assets and Liabilities | 0.3% |
| Net Assets | 100.0% |
| **INVESTMENT BREAKDOWN** as a % of Net Assets: |  |
| US Government and Agency Mortgage Backed Obligations | 22.1% |
| US Government and Agency Obligations | 19.6% |
| Non-Agency Residential Collateralized Mortgage Obligations | 10.2% |
| Affiliated Mutual Funds | 8.8% |
| Non-Agency Commercial Mortgage Backed Obligations | 4.9% |
| Short Term Investments | 4.3% |
| Banking | 3.1% |
| Asset Backed Obligations | 3.1% |
| Collateralized Loan Obligations | 2.8% |
| Technology | 2.4% |
| Utilities | 2.0% |
| Energy | 1.8% |
| Transportation | 1.1% |
| Healthcare | 1.0% |
| Finance | 0.9% |
| Insurance | 0.8% |
| Telecommunications | 0.8% |
| Media | 0.8% |

---

---

| | |
|:---|:---|
| Real Estate | 0.7% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 0.7% |
| Commercial Services | 0.7% |
| Pharmaceuticals | 0.7% |
| Hotels/Motels/Inns and Casinos | 0.6% |
| Construction | 0.6% |
| Food Products | 0.6% |
| Retailers (other than Food/Drug) | 0.5% |
| Diversified Manufacturing | 0.4% |
| Aerospace & Defense | 0.4% |
| Mining | 0.4% |
| Automotive | 0.4% |
| Industrial Equipment | 0.4% |
| Electronics/Electric | 0.3% |
| Consumer Products | 0.3% |
| Beverage and Tobacco | 0.3% |
| Leisure | 0.2% |
| Containers and Glass Products | 0.2% |
| Building and Development (including Steel/Metals) | 0.2% |
| Pulp & Paper | 0.1% |
| Environmental Control | 0.1% |
| Chemicals/Plastics | 0.1% |
| Business Equipment and Services | 0.1% |
| Food Service | 0.1% |
| Food/Drug Retailers | 0.1% |
| Chemical Products | 0.0 %<sup>(l)</sup> |
| IT Services | 0.0 %<sup>(l)</sup> |
| Escrow Notes | 0.0 %<sup>(l)</sup> |
| Other Assets and Liabilities | 0.3% |
| Net Assets | 100.0% |

---

**(a)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $1,292,075,565 or 19.2% of the Fund's net assets.** 

**(b)** **Value determined using significant unobservable inputs.** 

**(c)** **Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of period end.** 

**(d)** **Security pays interest at rates that represent residual cashflows available after more senior tranches have been paid.** 

**(e)** **Security is in default or has failed to make a scheduled payment. Income is not being accrued.** 

**(f)** **Coupon rate is variable or floats based on components including but not limited to reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of period end.** 

**(g)** **Perpetual maturity. The date disclosed is the next call date of the security.** 

**(h)** **Interest only security** 

**(i)** **Step Bond; Coupon rate changes based on a predetermined schedule or event. The interest rate shown is the rate in effect as of period end.** 

**(j)** **Inverse floating rate security whose interest rate moves in the opposite direction of reference interest rates. Reference interest rates are typically based on a negative multiplier or slope. Interest rate may also be subject to a cap or floor.** 

**(k)** **Principal only security** 

**(l)** **Represents less than 0.05% of net assets.** 

**(m)** **Non-income producing security.** 

**(n)** **Seven-day yield as of period end.** 

---

| | |
|:---|:---|
| **CMT** | **Constant Maturity Treasury Rate** |
| **PIK** | **A payment-in-kind security in which the issuer may make interest or dividend payments in cash or additional securities. These additional securities generally have the same terms as the original holdings.** |
| **SOFR** | **Secured Overnight Financing Rate** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts** |  |  |  |  |  |
| **Description** | **Long/ Short** | **Contract Quantity** | **Expiration<br> Date** | **Notional <br> Amount<sup>(1)</sup>** | **Unrealized Appreciation (Depreciation)/ Value** |
| U.S. Treasury Ultra Bonds | Short | (2760) | 3/20/2026 | $(329491027) | $3811027 |
| U.S. Treasury 2 Year Notes | Long | 19700 | 3/31/2026 | 4112487598 | 656923 |
| 10 Year U.S. Ultra Treasury Notes | Short | (3000) | 3/20/2026 | (345491458) | 444583 |
| U.S. Treasury 5 Year Note | Long | 5850 | 3/31/2026 | 639609517 | (177092) |
| U.S. Treasury Long Bonds | Long | 2750 | 3/20/2026 | 319415451 | (1532638) |
|  |  |  |  |  | $3202803 |

---

**(1)** **Notional Amount is determined based on the number of contracts multiplied by the contract size and the quoted daily settlement price in US dollars.** 

A summary of the DoubleLine Core Fixed Income Fund's investments in affiliated mutual funds for the period ended December 31, 2025 is as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Fund** | **Value at <br> March 31, 2025** | **Gross Purchases** | **Gross Sales** | **Net Realized <br> Gain (Loss) for the Period Ended December 31, 2025** | **Change in Unrealized for the Period Ended December 31, 2025** | **Value at<br> December 31, 2025** | **Shares Held at December 31, 2025** | **Dividend Income Earned for the Period Ended December 31, 2025** |
| DoubleLine Select Income Fund (Class I) | $285348391 | $– | $(26000000) | $(2315451) | $5368488 | $262401428 | 27534253 | $9574315 |
| DoubleLine Global Bond Fund (Class I) | 109127025 | 48900000 |  |  | 4802668 | 162829693 | 18461416 | $3685106 |
| DoubleLine Long Duration Total Return Bond Fund (Class I) | 32000000 |  |  |  | (650000) | 31350000 | 5000000 | $1222536 |
| DoubleLine Emerging Markets Local Currency Bond Fund (Class I) |  | 132000000 |  |  | 3744726 | 135744726 | 14125362 | $2802142 |
|  | $426475416 | $180900000 | $(26000000) | $(2315451) | $13265882 | $592325847 | 65121031 | $17284099 |

---

---

| | |
|:---|:---|
| **DoubleLine Emerging Markets Fixed Income Fund** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **FOREIGN CORPORATE BONDS - 68.0%** | **FOREIGN CORPORATE BONDS - 68.0%** | **FOREIGN CORPORATE BONDS - 68.0%** | **FOREIGN CORPORATE BONDS - 68.0%** | **FOREIGN CORPORATE BONDS - 68.0%** |
| **ARGENTINA - 0.2%** | **ARGENTINA - 0.2%** | **ARGENTINA - 0.2%** | **ARGENTINA - 0.2%** | **ARGENTINA - 0.2%** |
| 700000 | Vista Energy Argentina SAU | 8.50 %<sup>(a)</sup> | 06/10/2033 | 720125 |
| **BRAZIL - 12.3%** |  |  |  |  |
| 3325457 | Acu Petroleo Luxembourg Sarl | 7.50% | 01/13/2032 | 3397646 |
| 600000 | Banco do Estado do Rio Grande do Sul SA<br> (5 yr. CMT Rate + 4.93%) | 5.38% | 01/28/2031 | 597914 |
| 7300000 | Cosan Overseas Ltd. | 8.25 %<sup>(b)</sup> | 02/05/2026 | 7385775 |
| 4935000 | CSN Resources SA | 5.88% | 04/08/2032 | 3892358 |
| 147330 | Guara Norte Sarl | 5.20% | 06/15/2034 | 143925 |
| 1929352 | Invepar Holdings | 0.00 %<sup>(c)(d)</sup> | 12/30/2028 |  |
| 200000 | Itau Unibanco Holding SA/Cayman Island<br> (5 yr. CMT Rate + 3.45%) | 3.88% | 04/15/2031 | 199572 |
| 1600000 | Minerva Luxembourg SA | 8.88% | 09/13/2033 | 1750259 |
| 1100000 | Minerva Luxembourg SA | 8.88 %<sup>(a)</sup> | 09/13/2033 | 1203303 |
| 1400000 | Movida Europe SA | 7.85% | 04/11/2029 | 1324260 |
| 2000000 | Movida Europe SA | 7.85 %<sup>(a)</sup> | 04/11/2029 | 1891800 |
| 5621643 | MV24 Capital BV | 6.75% | 06/01/2034 | 5583867 |
| 1800000 | NBM US Holdings, Inc. | 6.63% | 08/06/2029 | 1823337 |
| 7452393 | Prumo Participacoes e Investimentos S/A | 7.50% | 12/31/2031 | 7651335 |
| 4900000 | Raizen Fuels Finance SA | 5.70% | 01/17/2035 | 3752497 |
| 1784000 | Simpar Europe SA | 5.20% | 01/26/2031 | 1438350 |
| 93986 | Unigel Luxembourg SA<br> (13.50% Cash or 15.00% PIK) | 13.50 %<sup>(a)(c)</sup> | 12/31/2027 | 54042 |
| 131998 | Unigel Luxembourg SA<br> (13.50% Cash or 15.00% PIK) | 13.50 %<sup>(c)</sup> | 12/31/2027 | 75899 |
| 109833 | Unigel Luxembourg SA<br> (11.00% Cash or 12.00% PIK) | 11.00 %<sup>(a)(c)</sup> | 12/31/2028 | 7688 |
| 472292 | Unigel Luxembourg SA<br> (11.00% Cash or 12.00% PIK) | 11.00 %<sup>(c)</sup> | 12/31/2028 | 33060 |
| 558462 | Unigel Netherlands Holding Corp. BV<br> (15.00% Cash or 15.00% PIK) | 15.00 %<sup>(c)</sup> | 12/31/2044 | 18150 |
| 2800000 | Vamos Europe SA | 9.20 %<sup>(a)</sup> | 01/26/2031 | 2676800 |
| 1400000 | Yinson Bergenia Production BV | 8.50 %<sup>(a)</sup> | 01/31/2045 | 1469475 |
|  |  |  |  | 46371312 |
| **CHILE - 5.4%** |  |  |  |  |
| 2900000 | CAP SA | 3.90 %<sup>(a)</sup> | 04/27/2031 | 2373430 |
| 5000000 | CAP SA | 3.90% | 04/27/2031 | 4092121 |
| 1000000 | Cencosud SA | 4.38% | 07/17/2027 | 1001002 |
| 9765008 | Chile Electricity PEC SpA | 0.00 %<sup>(a)</sup> | 01/25/2028 | 8800714 |
| 1611200 | Empresa Electrica Angamos SA | 4.88% | 05/25/2029 | 1477019 |
| 696000 | Empresa Electrica Cochrane SpA | 5.50% | 05/14/2027 | 691641 |
| 1126624 | GNL Quintero SA | 4.63% | 07/31/2029 | 1127861 |
| 900000 | Inversiones CMPC SA<br> (5 yr. CMT Rate + 2.83%) | 6.70 %<sup>(a)</sup> | 12/09/2057 | 905004 |
|  |  |  |  | 20468792 |
| **COLOMBIA - 5.2%** |  |  |  |  |
| 3800000 | AL Candelaria Spain SA | 5.75 %<sup>(a)</sup> | 06/15/2033 | 3374951 |
| 7100000 | AL Candelaria Spain SA | 5.75% | 06/15/2033 | 6305830 |
| 1500000 | Aris Mining Corp. | 8.00 %<sup>(a)</sup> | 10/31/2029 | 1566701 |
| 2400000 | Banco Davivienda SA<br> (10 yr. CMT Rate + 5.10%) | 6.65 %<sup>(a)(b)</sup> | 04/22/2031 | 2279576 |
| 2500000 | Banco Davivienda SA<br> (5 yr. CMT Rate + 4.59%) | 8.13 %<sup>(a)</sup> | 07/02/2035 | 2624700 |
| 300000 | Banco GNB Sudameris SA<br> (5 yr. CMT Rate + 6.66%) | 7.50% | 04/16/2031 | 297971 |
| 1998000 | Empresas Publicas de Medellin ESP | 4.38% | 02/15/2031 | 1829317 |
| 1126300 | Fideicomiso PA Pacifico Tres | 8.25% | 01/15/2035 | 1182615 |
|  |  |  |  | 19461661 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **DOMINICAN REPUBLIC - 1.0%** | **DOMINICAN REPUBLIC - 1.0%** |  |  |  |
| 3800000 | AES Espana BV | 5.70 %<sup>(a)</sup> | 05/04/2028 | 3762950 |
| **GUATEMALA - 3.5%** | **GUATEMALA - 3.5%** |  |  |  |
| 8500000 | Banco Industrial SA/Guatemala<br> (5 yr. CMT Rate + 4.44%) | 4.88% | 01/29/2031 | 8479600 |
| 1350000 | Millicom International Cellular SA | 5.13% | 01/15/2028 | 1348354 |
| 2970000 | Millicom International Cellular SA | 6.25% | 03/25/2029 | 2999323 |
| 200000 | Millicom International Cellular SA | 4.50% | 04/27/2031 | 186435 |
|  |  |  |  | 13013712 |
| **INDIA - 9.7%** | **INDIA - 9.7%** |  |  |  |
| 2100000 | Adani Electricity Mumbai Ltd. | 3.95% | 02/12/2030 | 1957579 |
| 3700000 | Adani Electricity Mumbai Ltd. | 3.87% | 07/22/2031 | 3330326 |
| 4226625 | Adani International Container Terminal Pvt Ltd. | 3.00% | 02/16/2031 | 3897143 |
| 2448000 | Adani International Container Terminal Pvt Ltd. | 3.00 %<sup>(a)</sup> | 02/16/2031 | 2257169 |
| 400000 | Adani Ports & Special Economic Zone Ltd. | 4.00% | 07/30/2027 | 393149 |
| 1200000 | Adani Ports & Special Economic Zone Ltd. | 4.38% | 07/03/2029 | 1165258 |
| 3600000 | Adani Ports & Special Economic Zone Ltd. | 3.10% | 02/02/2031 | 3193792 |
| 2135250 | Adani Renewable Energy RJ Ltd./Kodangal Solar Parks Pvt Ltd./Wardha Solar Maharash | 4.63% | 10/15/2039 | 1818737 |
| 3600000 | Adani Transmission Step-One Ltd. | 4.00% | 08/03/2026 | 3574553 |
| 2560250 | Adani Transmission Step-One Ltd. | 4.25% | 05/21/2036 | 2313184 |
| 7089000 | JSW Hydro Energy Ltd. | 4.13% | 05/18/2031 | 6601715 |
| 4200000 | JSW Infrastructure Ltd. | 4.95% | 01/21/2029 | 4212602 |
| 1100000 | Periama Holdings | 5.95% | 04/19/2026 | 1103352 |
| 800000 | Wipro IT Services LLC | 1.50% | 06/23/2026 | 789726 |
|  |  |  |  | 36608285 |
| **INDONESIA - 3.1%** | **INDONESIA - 3.1%** |  |  |  |
| 4000000 | Freeport Indonesia PT | 4.76% | 04/14/2027 | 4026864 |
| 4800000 | Medco Laurel Tree Pte Ltd. | 6.95% | 11/12/2028 | 4839054 |
| 2799846 | Minejesa Capital BV | 4.63% | 08/10/2030 | 2791749 |
|  |  |  |  | 11657667 |
| **JAMAICA - 0.0%<sup>(e)</sup>** | **JAMAICA - 0.0%<sup>(e)</sup>** |  |  |  |
| 3176259 | Digicel Group Holdings Ltd. | 0.00 %<sup>(a)(d)</sup> | 12/31/2030 | 21233 |
| 1096188 | Digicel Group Holdings Ltd. | 0.00 %<sup>(a)(d)</sup> | 12/31/2030 | 51429 |
|  |  |  |  | 72662 |
| **KUWAIT - 0.2%** | **KUWAIT - 0.2%** |  |  |  |
| 900000 | EQUATE Petrochemical Co. KSC | 4.25% | 11/03/2026 | 898859 |
| **MEXICO - 7.9%** | **MEXICO - 7.9%** |  |  |  |
| 1700000 | Banco Mercantil del Norte SA/Grand Cayman<br> (10 yr. CMT Rate + 5.35%) | 7.63 %<sup>(b)</sup> | 01/10/2028 | 1749876 |
| 1500000 | Banco Mercantil del Norte SA/Grand Cayman<br> (10 yr. CMT Rate + 5.47%) | 7.50 %<sup>(a)(b)</sup> | 06/27/2029 | 1551574 |
| 3200000 | Banco Mercantil del Norte SA/Grand Cayman<br> (5 yr. CMT Rate + 4.07%) | 8.38 %<sup>(a)(b)</sup> | 05/20/2031 | 3364000 |
| 3300000 | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX<br> (5 yr. CMT Rate + 4.21%) | 8.13% | 01/08/2039 | 3572210 |
| 298473 | Buffalo Energy Mexico Holdings / Buffalo Energy Infrastructure / Buffalo Energy | 7.88 %<sup>(a)</sup> | 02/15/2039 | 327835 |
| 8300000 | Cemex SAB de CV<br> (5 yr. CMT Rate + 4.53%) | 5.13 %<sup>(b)</sup> | 06/08/2026 | 8304170 |
| 300000 | Cemex SAB de CV<br> (5 yr. CMT Rate + 3.52%) | 7.20 %<sup>(a)(b)</sup> | 06/10/2030 | 313245 |
| 536487 | Fermaca Enterprises S de RL de CV | 6.38% | 03/30/2038 | 546681 |
| 1400000 | GCC SAB de CV | 3.61% | 04/20/2032 | 1315968 |
| 4600000 | Mexarrend SAPI de CV | 10.25 %<sup>(a)(c)</sup> | 07/24/2026 | 57500 |
| 2332055 | Mexico Generadora de Energia S de RL | 5.50% | 12/06/2032 | 2371786 |
| 1547000 | Orbia Advance Corp. SAB de CV | 6.75% | 09/19/2042 | 1348094 |
| 1060000 | Orbia Advance Corp. SAB de CV | 5.88% | 09/17/2044 | 822884 |
| 1300000 | Saavi Energia Sarl | 8.88 %<sup>(a)</sup> | 02/10/2035 | 1411540 |
| 2951965 | Tierra Mojada Luxembourg II Sarl | 5.75% | 12/01/2040 | 2905502 |
|  |  |  |  | 29962865 |
| **PARAGUAY - 1.3%** | **PARAGUAY - 1.3%** |  |  |  |
| 700000 | Frigorifico Concepcion SA | 7.70% | 07/21/2028 | 332500 |
| 6013332 | Rutas 2 & 7 Finance Ltd. | 0.00% | 09/30/2036 | 4574342 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
| 80000 | Telefonica Celular del Paraguay SA | 5.88% |  | 04/15/2027 | 79858 |
|  |  |  |  |  | 4986700 |
| **PERU - 9.7%** | **PERU - 9.7%** |  |  |  |  |
| 9998000 | Banco de Credito del Peru SA<br> (5 yr. CMT Rate + 2.45%) | 3.25% |  | 09/30/2031 | 9866272 |
| 2300000 | Banco Internacional del Peru SAA Interbank<br> (5 yr. CMT Rate + 2.07%) | 6.40 %<sup>(a)</sup> |  | 04/30/2035 | 2417875 |
| 200000 | Banco Internacional del Peru SAA Interbank<br> (5 yr. CMT Rate + 2.07%) | 6.40% |  | 04/30/2035 | 210250 |
| 5280000 | InRetail Consumer | 3.25% |  | 03/22/2028 | 5160727 |
| 4100000 | Intercorp Financial Services, Inc. | 4.13% |  | 10/19/2027 | 4092363 |
| 4588380 | Lima Metro Line 2 Finance Ltd. | 4.35% |  | 04/05/2036 | 4489780 |
| 3700000 | Minsur SA | 4.50% |  | 10/28/2031 | 3546246 |
| 1200000 | Nexa Resources SA | 6.50% |  | 01/18/2028 | 1230275 |
| 3376950 | Peru LNG Srl | 5.38% |  | 03/22/2030 | 3272867 |
| 300000 | Scotiabank Peru SAA<br> (1 yr. CMT Rate + 2.31%) | 6.10 %<sup>(a)</sup> |  | 10/01/2035 | 310950 |
| 2100000 | Volcan Cia Minera SAA | 8.50 %<sup>(a)</sup> |  | 10/28/2032 | 2164323 |
|  |  |  |  |  | 36761928 |
| **SINGAPORE - 5.1%** | **SINGAPORE - 5.1%** |  |  |  |  |
| 6804000 | DBS Group Holdings Ltd.<br> (5 yr. CMT Rate + 1.10%) | 1.82% |  | 03/10/2031 | 6761237 |
| 6200000 | Oversea-Chinese Banking Corp. Ltd.<br> (5 yr. CMT Rate + 1.58%) | 4.60% |  | 06/15/2032 | 6226195 |
| 1000000 | United Overseas Bank Ltd.<br> (5 yr. CMT Rate + 1.52%) | 1.75% |  | 03/16/2031 | 995005 |
| 5400000 | United Overseas Bank Ltd.<br> (5 yr. CMT Rate + 1.23%) | 2.00% |  | 10/14/2031 | 5303382 |
|  |  |  |  |  | 19285819 |
| **SOUTH AFRICA - 2.0%** | **SOUTH AFRICA - 2.0%** |  |  |  |  |
| 3800000 | AngloGold Ashanti Holdings PLC | 3.38% |  | 11/01/2028 | 3688235 |
| 3500000 | Gold Fields Orogen Holdings BVI Ltd. | 6.13% |  | 05/15/2029 | 3681113 |
|  |  |  |  |  | 7369348 |
| **UNITED ARAB EMIRATES - 0.7%** | **UNITED ARAB EMIRATES - 0.7%** |  |  |  |  |
| 2945692 | Galaxy Pipeline Assets Bidco Ltd. | 2.94% |  | 09/30/2040 | 2511988 |
| **VIETNAM - 0.7%** | **VIETNAM - 0.7%** |  |  |  |  |
| 2665153 | Mong Duong Finance Holdings BV | 5.13% |  | 05/07/2029 | 2638143 |
|  | **Total Foreign Corporate Bonds (Cost $269,089,473)** | **Total Foreign Corporate Bonds (Cost $269,089,473)** | **Total Foreign Corporate Bonds (Cost $269,089,473)** |  | **256552816** |
| **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 29.5%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 29.5%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 29.5%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 29.5%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 29.5%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 29.5%** |
| **BRAZIL - 1.6%** |  |  |  |  |  |
| 5000000 | Brazilian Government International Bond | 4.75% |  | 01/14/2050 | 3652500 |
| 2300000 | Petrobras Global Finance BV | 5.13% |  | 09/10/2030 | 2256715 |
|  |  |  |  |  | 5909215 |
| **CHILE - 2.2%** | **CHILE - 2.2%** |  |  |  |  |
| 1747568 | Chile Electricity Lux Mpc II Sarl | 5.67 %<sup>(a)</sup> |  | 10/20/2035 | 1819637 |
| 2783450 | Chile Electricity Lux MPC Sarl | 6.01% |  | 01/20/2033 | 2927942 |
| 3900000 | Corp. Nacional del Cobre de Chile | 3.00% |  | 09/30/2029 | 3704150 |
|  |  |  |  |  | 8451729 |
| **COLOMBIA - 2.6%** | **COLOMBIA - 2.6%** |  |  |  |  |
| 1000000 | Colombia Government International Bond | 5.00% |  | 06/15/2045 | 730750 |
| 3000000 | Colombia Government International Bond | 4.13% |  | 05/15/2051 | 1864500 |
| 800000 | Ecopetrol SA | 5.88% |  | 05/28/2045 | 595883 |
| 9200000 | Ecopetrol SA | 5.88% |  | 11/02/2051 | 6643461 |
|  |  |  |  |  | 9834594 |
| **DOMINICAN REPUBLIC - 1.6%** | **DOMINICAN REPUBLIC - 1.6%** |  |  |  |  |
| 2800000 | Dominican Republic International Bond | 5.95% |  | 01/25/2027 | 2833740 |
| 3000000 | Dominican Republic International Bond | 5.50% |  | 02/22/2029 | 3043800 |
|  |  |  |  |  | 5877540 |
| **GUATEMALA - 1.7%** | **GUATEMALA - 1.7%** |  |  |  |  |
| 500000 | Guatemala Government Bond | 4.50% |  | 05/03/2026 | 500000 |
| 2700000 | Guatemala Government Bond | 4.38% |  | 06/05/2027 | 2686500 |
| 1300000 | Guatemala Government Bond | 4.88% |  | 02/13/2028 | 1309314 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 1800000 | Guatemala Government Bond | 5.25% | 08/10/2029 | 1826550 |
|  |  |  |  | 6322364 |
| **INDIA - 2.8%** |  |  |  |  |
| 5190000 | BPRL International Singapore Pte Ltd. | 4.38% | 01/18/2027 | 5193714 |
| 5600000 | ONGC Videsh Vankorneft Pte Ltd. | 3.75% | 07/27/2026 | 5583497 |
|  |  |  |  | 10777211 |
| **INDONESIA - 4.4%** | **INDONESIA - 4.4%** |  |  |  |
| 4400000 | Bank Negara Indonesia Persero Tbk PT | 3.75% | 03/30/2026 | 4377941 |
| 5200000 | Pertamina Persero PT | 1.40% | 02/09/2026 | 5180781 |
| 7100000 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | 4.13% | 05/15/2027 | 7088588 |
|  |  |  |  | 16647310 |
| **MALAYSIA - 0.9%** | **MALAYSIA - 0.9%** |  |  |  |
| 3550000 | MISC Capital Two Labuan Ltd. | 3.75% | 04/06/2027 | 3528579 |
| **MEXICO - 6.5%** |  |  |  |  |
| 400000 | Comision Federal de Electricidad | 4.69% | 05/15/2029 | 396496 |
| 3100000 | Comision Federal de Electricidad | 3.35% | 02/09/2031 | 2818541 |
| 1981015 | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple | 7.25 %<sup>(a)</sup> | 01/31/2041 | 2085573 |
| 1386710 | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple | 7.25% | 01/31/2041 | 1459901 |
| 2300000 | Mexico City Airport Trust | 3.88% | 04/30/2028 | 2250994 |
| 11000000 | Mexico Government International Bond | 4.40% | 02/12/2052 | 8054750 |
| 3000000 | Mexico Government International Bond | 6.34% | 05/04/2053 | 2867250 |
| 5400000 | Petroleos Mexicanos | 6.75% | 09/21/2047 | 4443491 |
|  |  |  |  | 24376996 |
| **MOROCCO - 3.3%** | **MOROCCO - 3.3%** |  |  |  |
| 1800000 | Morocco Government International Bond | 2.38% | 12/15/2027 | 1728873 |
| 700000 | Morocco Government International Bond | 5.95% | 03/08/2028 | 721117 |
| 3000000 | Morocco Government International Bond | 3.00% | 12/15/2032 | 2644233 |
| 1300000 | Morocco Government International Bond | 4.00% | 12/15/2050 | 951825 |
| 5800000 | OCP SA | 6.75% | 05/02/2034 | 6253324 |
|  |  |  |  | 12299372 |
| **PARAGUAY - 1.3%** | **PARAGUAY - 1.3%** |  |  |  |
| 5960685 | Bioceanico Sovereign Certificate Ltd. | 0.00% | 06/05/2034 | 4889252 |
| **PERU - 0.6%** |  |  |  |  |
| 2337930 | Lima Metro Line 2 Finance Ltd. | 5.88% | 07/05/2034 | 2434045 |
|  | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $116,709,388)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $116,709,388)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $116,709,388)** | **111348207** |
| **COMMON STOCKS - 0.0%<sup>(e)</sup>** | **COMMON STOCKS - 0.0%<sup>(e)</sup>** |  |  |  |
| **UNITED STATES - 0.0%<sup>(e)</sup>** | **UNITED STATES - 0.0%<sup>(e)</sup>** |  |  |  |
| 1512 | Stichting Administratiekantoor ADR<sup>(d)(f)</sup> |  |  |  |
| 556 | Stichting Administratiekantoor Unigel Creditors<sup>(d)(f)</sup> |  |  | – |
|  | **Total Common Stocks (Cost $–)** |  |  | **–** |
| **ESCROW NOTES - 0.0%<sup>(e)</sup>** | **ESCROW NOTES - 0.0%<sup>(e)</sup>** |  |  |  |
| **MEXICO - 0.0%<sup>(e)</sup>** | **MEXICO - 0.0%<sup>(e)</sup>** |  |  |  |
| 5200000 | Credito Real SAB de CV SOFOM ER<sup>(f)</sup> |  |  | 45500 |
|  | **Total Escrow Notes (Cost $5,127,763)** |  |  | **45500** |
| **SHORT TERM INVESTMENTS - 1.7%** | **SHORT TERM INVESTMENTS - 1.7%** |  |  |  |
| 2147494 | First American Government Obligations Fund - U | 3.69 %<sup>(g)</sup> |  | 2147494 |
| 2147494 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(g)</sup> |  | 2147494 |
| 2147495 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(g)</sup> |  | 2147495 |
|  | **Total Short Term Investments (Cost $6,442,483)** | **Total Short Term Investments (Cost $6,442,483)** |  | **6442483** |
|  | **Total Investments - 99.2% (Cost $397,369,107)** | **Total Investments - 99.2% (Cost $397,369,107)** |  | **374389006** |
|  | **Other Assets in Excess of Liabilities - 0.8%** | **Other Assets in Excess of Liabilities - 0.8%** |  | **2882366** |
|  | **NET ASSETS - 100.0%** |  |  | $**377271372** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN** as a % of Net Assets: | |
| Foreign Corporate Bonds | 68.0% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 29.5% |
| Short Term Investments | 1.7% |
| Escrow Notes | 0.0 %<sup>(e)</sup> |
| Common Stocks | 0.0 %<sup>(e)</sup> |
| Other Assets and Liabilities | 0.8% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **INVESTMENT BREAKDOWN** as a % of Net Assets: | |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 19.7% |
| Transportation | 17.6% |
| Banking | 16.1% |
| Utilities | 14.8% |
| Energy | 9.8% |
| Mining | 7.0% |
| Consumer Products | 4.0% |
| Building and Development (including Steel/Metals) | 4.0% |
| Short Term Investments | 1.7% |
| Retailers (other than Food/Drug) | 1.6% |
| Telecommunications | 1.3% |
| Chemical Products | 0.9% |
| Food Products | 0.3% |
| Pulp & Paper | 0.2% |
| Technology | 0.2% |
| Finance | 0.0 %<sup>(e)</sup> |
| Escrow Notes | 0.0 %<sup>(e)</sup> |
| Other Assets and Liabilities | 0.8% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **COUNTRY BREAKDOWN** as a % of Net Assets: | |
| Mexico | 14.4% |
| Brazil | 13.9% |
| India | 12.5% |
| Peru | 10.4% |
| Colombia | 7.8% |
| Chile | 7.7% |
| Indonesia | 7.5% |
| Guatemala | 5.2% |
| Singapore | 5.1% |
| Morocco | 3.3% |
| Paraguay | 2.6% |
| Dominican Republic | 2.5% |
| South Africa | 1.9% |
| United States | 1.7% |
| Malaysia | 0.9% |
| Vietnam | 0.7% |
| United Arab Emirates | 0.7% |
| Kuwait | 0.2% |
| Argentina | 0.2% |
| Jamaica | 0.0 %<sup>(e)</sup> |
| Other Assets and Liabilities | 0.8% |
| Net Assets | 100.0% |

---

**(a)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $51,865,142 or 13.7% of the Fund's net assets.** 

**(b)** **Perpetual maturity. The date disclosed is the next call date of the security.** 

**(c)** **Security is in default or has failed to make a scheduled payment. Income is not being accrued.** 

**(d)** **Value determined using significant unobservable inputs.** 

**(e)** **Represents less than 0.05% of net assets.** 

**(f)** **Non-income producing security.** 

**(g)** **Seven-day yield as of period end.** 

---

| | |
|:---|:---|
| **CMT** | **Constant Maturity Treasury Rate** |
| **PIK** | **A payment-in-kind security in which the issuer may make interest or dividend payments in cash or additional securities. These additional securities generally have the same terms as the original holdings.** |

---

---

| | |
|:---|:---|
| **DoubleLine Low Duration Bond Fund** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **RATE** | **MATURITY** | **VALUE $** |
| **ASSET BACKED OBLIGATIONS - 7.6%** | **ASSET BACKED OBLIGATIONS - 7.6%** | **ASSET BACKED OBLIGATIONS - 7.6%** |  |  |  |
|  | ACHV Trust |  |  |  |  |
| 2478971 | &nbsp;&nbsp;Series 2024-2PL-A |  | 5.07 %<sup>(a)</sup> | 10/27/2031 | 2493828 |
|  | Affirm, Inc. |  |  |  |  |
| 5300000 | &nbsp;&nbsp;Series 2024-A-A |  | 5.61 %<sup>(a)</sup> | 02/15/2029 | 5308429 |
| 274459 | &nbsp;&nbsp;Series 2024-X2-A |  | 5.22 %<sup>(a)</sup> | 12/17/2029 | 274543 |
| 20000000 | &nbsp;&nbsp;Series 2025-1A-A |  | 4.99 %<sup>(a)</sup> | 02/15/2033 | 20207968 |
| 4129514 | &nbsp;&nbsp;Series 2025-X1-A |  | 5.08 %<sup>(a)</sup> | 04/15/2030 | 4135789 |
| 5186581 | &nbsp;&nbsp;Series 2025-X2-A |  | 4.45 %<sup>(a)</sup> | 10/15/2030 | 5192268 |
|  | Aligned Data Centers Issuer LLC |  |  |  |  |
| 3100000 | &nbsp;&nbsp;Series 2022-1A-A2 |  | 6.35 %<sup>(a)</sup> | 10/15/2047 | 3102244 |
|  | American Credit Acceptance Receivables Trust |  |  |  |  |
| 6000000 | &nbsp;&nbsp;Series 2024-4-B |  | 4.80 %<sup>(a)</sup> | 11/13/2028 | 6008233 |
|  | Aqua Finance Trust |  |  |  |  |
| 868387 | &nbsp;&nbsp;Series 2020-AA-A |  | 1.90 %<sup>(a)</sup> | 07/17/2046 | 824488 |
|  | Avant Credit Card Master Trust |  |  |  |  |
| 5100000 | &nbsp;&nbsp;Series 2025-1A-A |  | 4.89 %<sup>(a)</sup> | 04/15/2031 | 5104840 |
|  | AVANT Loans Funding Trust |  |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2024-REV1-A |  | 5.92 %<sup>(a)</sup> | 10/15/2033 | 10094568 |
| 20000000 | &nbsp;&nbsp;Series 2025-REV1-A |  | 5.12 %<sup>(a)</sup> | 05/15/2034 | 20106758 |
|  | CAI International, Inc. |  |  |  |  |
| 5919219 | &nbsp;&nbsp;Series 2020-1A-A |  | 2.22 %<sup>(a)</sup> | 09/25/2045 | 5685571 |
|  | Carvana Auto Receivables Trust |  |  |  |  |
| 8000000 | &nbsp;&nbsp;Series 2024-P3-A4 |  | 4.31% | 09/10/2030 | 8059029 |
|  | Cologix Data Centers US Issuer LLC |  |  |  |  |
| 3910000 | &nbsp;&nbsp;Series 2021-1A-A2 |  | 3.30 %<sup>(a)</sup> | 12/26/2051 | 3844342 |
|  | Commonbond Student Loan Trust |  |  |  |  |
| 694579 | &nbsp;&nbsp;Series 2017-BGS-A1 |  | 2.68 %<sup>(a)</sup> | 09/25/2042 | 657769 |
| 659958 | &nbsp;&nbsp;Series 2020-AGS-A |  | 1.98 %<sup>(a)</sup> | 08/25/2050 | 594961 |
|  | Compass Datacenters LLC |  |  |  |  |
| 17648000 | &nbsp;&nbsp;Series 2024-1A-A1 |  | 5.25 %<sup>(a)</sup> | 02/25/2049 | 17752270 |
|  | DataBank Issuer |  |  |  |  |
| 3394000 | &nbsp;&nbsp;Series 2021-1A-A2 |  | 2.06 %<sup>(a)</sup> | 02/27/2051 | 3378839 |
| 10000000 | &nbsp;&nbsp;Series 2023-1A-A2 |  | 5.12 %<sup>(a)</sup> | 02/25/2053 | 9955011 |
|  | Domino's SPV Guarantor LLC |  |  |  |  |
| 1488000 | &nbsp;&nbsp;Series 2019-1A-A2 |  | 3.67 %<sup>(a)</sup> | 10/25/2049 | 1435175 |
|  | DT Auto Owner Trust |  |  |  |  |
| 2000000 | &nbsp;&nbsp;Series 2022-1A-E |  | 5.53 %<sup>(a)</sup> | 03/15/2029 | 1998908 |
|  | Exeter Automobile Receivables Trust |  |  |  |  |
| 1960913 | &nbsp;&nbsp;Series 2021-4A-D |  | 1.96% | 01/17/2028 | 1953916 |
|  | FCCU Auto Receivables Trust |  |  |  |  |
| 2680592 | &nbsp;&nbsp;Series 2025-1A-A2 |  | 4.87 %<sup>(a)</sup> | 01/16/2029 | 2689496 |
|  | Foundation Finance Trust |  |  |  |  |
| 9700481 | &nbsp;&nbsp;Series 2025-3A-A |  | 4.56 %<sup>(a)</sup> | 08/15/2052 | 9734504 |
|  | Global Sea Containers Two SRL |  |  |  |  |
| 2099464 | &nbsp;&nbsp;Series 2020-1A-A |  | 2.17 %<sup>(a)</sup> | 10/17/2040 | 2017909 |
|  | GLS Auto Receivables Trust |  |  |  |  |
| 19650000 | &nbsp;&nbsp;Series 2025-1A-C |  | 5.07 %<sup>(a)</sup> | 11/15/2030 | 19861827 |
|  | GLS Auto Select Receivables Trust |  |  |  |  |
| 2214761 | &nbsp;&nbsp;Series 2024-3A-A2 |  | 5.59 %<sup>(a)</sup> | 10/15/2029 | 2238856 |
| 5789468 | &nbsp;&nbsp;Series 2024-4A-A2 |  | 4.43 %<sup>(a)</sup> | 12/17/2029 | 5811954 |
|  | GM Financial Leasing Trust |  |  |  |  |
| 6750000 | &nbsp;&nbsp;Series 2025-2-C |  | 5.04% | 10/22/2029 | 6833396 |
|  | GreenSky LLC |  |  |  |  |
| 2038602 | &nbsp;&nbsp;Series 2024-2-A4 |  | 5.15 %<sup>(a)</sup> | 10/27/2059 | 2073168 |
| 10000000 | &nbsp;&nbsp;Series 2025-3A-A1 |  | 4.34 %<sup>(a)</sup> | 12/27/2060 | 10016432 |
|  | Hilton Grand Vacations, Inc. |  |  |  |  |
| 193375 | &nbsp;&nbsp;Series 2020-AA-A |  | 2.74 %<sup>(a)</sup> | 02/25/2039 | 190975 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Imprint Payments Credit Card Master Trust |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2025-A-A | 4.84 %<sup>(a)</sup> | 09/15/2029 | 5014512 |
|  | Loanpal Solar Loan Ltd. |  |  |  |
| 6755582 | &nbsp;&nbsp;Series 2020-3GS-A | 2.47 %<sup>(a)</sup> | 12/20/2047 | 5731069 |
|  | Mariner Finance Issuance Trust |  |  |  |
| 1660000 | &nbsp;&nbsp;Series 2021-AA-B | 2.33 %<sup>(a)</sup> | 03/20/2036 | 1612001 |
| 4150000 | &nbsp;&nbsp;Series 2024-BA-A | 4.91 %<sup>(a)</sup> | 11/20/2038 | 4213271 |
| 13000000 | &nbsp;&nbsp;Series 2025-AA-A | 4.98 %<sup>(a)</sup> | 05/20/2038 | 13175910 |
|  | Marlette Funding Trust |  |  |  |
| 3253649 | &nbsp;&nbsp;Series 2025-1A-A | 4.75 %<sup>(a)</sup> | 07/16/2035 | 3260527 |
| 4125000 | &nbsp;&nbsp;Series 2025-1A-B | 4.95 %<sup>(a)</sup> | 07/16/2035 | 4148051 |
|  | Navient Student Loan Trust |  |  |  |
| 1577407 | &nbsp;&nbsp;Series 2020-FA-A | 1.22 %<sup>(a)</sup> | 07/15/2069 | 1497508 |
| 910782 | &nbsp;&nbsp;Series 2020-GA-A | 1.17 %<sup>(a)</sup> | 09/16/2069 | 860073 |
| 7868005 | &nbsp;&nbsp;Series 2022-A-A | 2.23 %<sup>(a)</sup> | 07/15/2070 | 7216750 |
|  | Pagaya AI Debt Selection Trust |  |  |  |
| 547954 | &nbsp;&nbsp;Series 2024-11-B | 5.64 %<sup>(a)</sup> | 07/15/2032 | 552196 |
| 5812955 | &nbsp;&nbsp;Series 2024-11-C | 5.87 %<sup>(a)</sup> | 07/15/2032 | 5858232 |
| 987412 | &nbsp;&nbsp;Series 2024-5-C | 7.27 %<sup>(a)</sup> | 10/15/2031 | 994261 |
| 7737693 | &nbsp;&nbsp;Series 2025-1-A2 | 5.16 %<sup>(a)</sup> | 07/15/2032 | 7806445 |
| 6249344 | &nbsp;&nbsp;Series 2025-2-B | 5.33 %<sup>(a)</sup> | 10/15/2032 | 6282293 |
| 7999160 | &nbsp;&nbsp;Series 2025-2-C | 5.64 %<sup>(a)</sup> | 10/15/2032 | 8036177 |
| 1994128 | &nbsp;&nbsp;Series 2025-3-A1 | 5.03 %<sup>(a)</sup> | 05/16/2032 | 1994634 |
| 5749778 | &nbsp;&nbsp;Series 2025-5-A2 | 5.11 %<sup>(a)</sup> | 03/15/2033 | 5788238 |
| 6150000 | &nbsp;&nbsp;Series 2025-7-A1 | 4.27 %<sup>(a)</sup> | 11/16/2026 | 6152195 |
| 1300000 | &nbsp;&nbsp;Series 2025-8-A1 | 4.32 %<sup>(a)</sup> | 12/15/2026 | 1300334 |
|  | RCKT Mortgage Trust |  |  |  |
| 3165188 | &nbsp;&nbsp;Series 2025-2A-A | 4.48 %<sup>(a)</sup> | 11/27/2034 | 3168939 |
| 850000 | &nbsp;&nbsp;Series 2025-2A-B | 4.60 %<sup>(a)</sup> | 11/27/2034 | 851603 |
| 8500000 | &nbsp;&nbsp;Series 2025-2A-C | 4.95 %<sup>(a)</sup> | 11/27/2034 | 8511674 |
|  | Reach Financial LLC |  |  |  |
| 1481807 | &nbsp;&nbsp;Series 2025-2A-A | 4.93 %<sup>(a)</sup> | 08/18/2032 | 1488098 |
|  | Santander Consumer USA Holdings, Inc. |  |  |  |
| 4250000 | &nbsp;&nbsp;Series 2024-5-C | 4.78% | 01/15/2031 | 4285323 |
|  | SCCU Auto Receivables Trust |  |  |  |
| 1149727 | &nbsp;&nbsp;Series 2024-1A-A2 | 5.45 %<sup>(a)</sup> | 12/15/2027 | 1150638 |
|  | Sierra Timeshare Conduit Receivables Funding LLC |  |  |  |
| 494788 | &nbsp;&nbsp;Series 2021-2A-C | 1.95 %<sup>(a)</sup> | 09/20/2038 | 492507 |
|  | Slam Ltd. |  |  |  |
| 9197161 | &nbsp;&nbsp;Series 2024-1A-A | 5.34 %<sup>(a)</sup> | 09/15/2049 | 9262359 |
|  | SLM Student Loan Trust |  |  |  |
| 3463530 | &nbsp;&nbsp;Series 2006-A-A5 (3 mo. Term SOFR + 0.55%, 0.00% Floor) | 4.27% | 06/15/2039 | 3341281 |
| 2026685 | &nbsp;&nbsp;Series 2006-B-A5 (3 mo. Term SOFR + 0.53%, 0.00% Floor) | 4.25% | 12/15/2039 | 1979820 |
|  | SOFI Alternative Trust |  |  |  |
| 639824 | &nbsp;&nbsp;Series 2021-1-PT1 | 9.72 %<sup>(a)(b)</sup> | 05/25/2030 | 621449 |
| 287405 | &nbsp;&nbsp;Series 2021-2-A | 1.25 %<sup>(a)</sup> | 08/15/2030 | 287355 |
| 1481771 | &nbsp;&nbsp;Series 2021-3-A | 1.50 %<sup>(a)</sup> | 11/15/2030 | 1477550 |
|  | SoFi Consumer Loan Program Trust |  |  |  |
| 7242032 | &nbsp;&nbsp;Series 2025-1-A | 4.80 %<sup>(a)</sup> | 02/27/2034 | 7270291 |
| 12000000 | &nbsp;&nbsp;Series 2025-2-B | 4.97 %<sup>(a)</sup> | 06/25/2034 | 12127902 |
| 3246168 | &nbsp;&nbsp;Series 2025-3-A | 4.47 %<sup>(a)</sup> | 08/15/2034 | 3256361 |
| 10250000 | &nbsp;&nbsp;Series 2025-3-B | 4.67 %<sup>(a)</sup> | 08/15/2034 | 10291349 |
| 9295564 | &nbsp;&nbsp;Series 2025-4-A | 4.24 %<sup>(a)</sup> | 08/25/2035 | 9308024 |
|  | SoFi Professional Loan Program LLC |  |  |  |
| 333740 | &nbsp;&nbsp;Series 2018-D-A2FX | 3.60 %<sup>(a)</sup> | 02/25/2048 | 332000 |
| 2456276 | &nbsp;&nbsp;Series 2020-C-AFX | 1.95 %<sup>(a)</sup> | 02/15/2046 | 2318032 |
|  | Switch Ltd. |  |  |  |
| 4410000 | &nbsp;&nbsp;Series 2025-2A-A21 | 5.12 %<sup>(a)</sup> | 10/25/2055 | 4410491 |
|  | TAL Advantage LLC |  |  |  |
| 2243750 | &nbsp;&nbsp;Series 2020-1A-A | 2.05 %<sup>(a)</sup> | 09/20/2045 | 2150266 |
|  | Tesla Sustainable Energy Trust |  |  |  |
| 16245953 | &nbsp;&nbsp;Series 2024-1A-A2 | 5.08 %<sup>(a)</sup> | 06/21/2050 | 16324701 |
|  | Textainer Ltd. |  |  |  |
| 660000 | &nbsp;&nbsp;Series 2021-3A-A | 1.94 %<sup>(a)</sup> | 08/20/2046 | 592811 |
|  | Toyota Lease Owner Trust |  |  |  |
| 17150000 | &nbsp;&nbsp;Series 2024-B-A4 | 4.25 %<sup>(a)</sup> | 01/22/2029 | 17212927 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **RATE** | **MATURITY** | **VALUE $** |
|  | UPCL |  |  |  |  |
| 4995248 | &nbsp;&nbsp;Series 2023-1-A-A |  | 7.65 %<sup>(c)</sup> | 04/22/2030 | 5058188 |
|  | Upgrade Master Pass-Thru Trust |  |  |  |  |
| 114231 | &nbsp;&nbsp;Series 2021-PT3-A |  | 15.69 %<sup>(a)(b)</sup> | 07/15/2027 | 108848 |
| 9067511 | &nbsp;&nbsp;Series 2025-ST2-A |  | 6.11 %<sup>(a)</sup> | 06/15/2032 | 9183568 |
| 6665982 | &nbsp;&nbsp;Series 2025-ST6-A |  | 4.61 %<sup>(a)</sup> | 10/15/2032 | 6679551 |
| 11139259 | &nbsp;&nbsp;Series 2025-ST7-A |  | 4.55 %<sup>(a)</sup> | 11/15/2032 | 11136651 |
|  | Upgrade Receivables Trust |  |  |  |  |
| 196910 | &nbsp;&nbsp;Series 2024-1A-A |  | 5.37 %<sup>(a)</sup> | 02/18/2031 | 196961 |
|  | Upstart Securitization Trust |  |  |  |  |
| 728093 | &nbsp;&nbsp;Series 2023-3-A |  | 6.90 %<sup>(a)</sup> | 10/20/2033 | 730633 |
| 4132715 | &nbsp;&nbsp;Series 2024-1-A |  | 5.33 %<sup>(a)</sup> | 11/20/2034 | 4150268 |
| 9160385 | &nbsp;&nbsp;Series 2025-1-A |  | 5.45 %<sup>(a)</sup> | 04/20/2035 | 9224222 |
| 6602598 | &nbsp;&nbsp;Series 2025-2-A2 |  | 5.22 %<sup>(a)</sup> | 06/20/2035 | 6637352 |
| 6250000 | &nbsp;&nbsp;Series 2025-3-A2 |  | 4.60 %<sup>(a)</sup> | 09/20/2035 | 6266014 |
| 6881796 | &nbsp;&nbsp;Series 2025-4-A1 |  | 4.34 %<sup>(a)</sup> | 11/20/2026 | 6885210 |
|  | Wendy's SPV Guarantor LLC |  |  |  |  |
| 4621619 | &nbsp;&nbsp;Series 2018-1A-A2II |  | 3.88 %<sup>(a)</sup> | 03/15/2048 | 4547966 |
|  | Westgate Resorts LLC |  |  |  |  |
| 1038780 | &nbsp;&nbsp;Series 2022-1A-C |  | 2.49 %<sup>(a)</sup> | 08/20/2036 | 1030301 |
|  | **Total Asset Backed Obligations (Cost $483,552,492)** | **Total Asset Backed Obligations (Cost $483,552,492)** | **Total Asset Backed Obligations (Cost $483,552,492)** | **Total Asset Backed Obligations (Cost $483,552,492)** | **485482425** |
| **COLLATERALIZED LOAN OBLIGATIONS - 11.4%** | **COLLATERALIZED LOAN OBLIGATIONS - 11.4%** | **COLLATERALIZED LOAN OBLIGATIONS - 11.4%** |  |  |  |
|  | Allegro CLO Ltd. |  |  |  |  |
| 7000000 | &nbsp;&nbsp;Series 2022-1A-A1R (3 mo. Term SOFR + 1.18%, 1.18% Floor) |  | 5.06 %<sup>(a)</sup> | 04/20/2038 | 7000598 |
|  | Apidos CLO |  |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2022-39A-A1R (3 mo. Term SOFR + 1.23%, 1.23% Floor) |  | 5.40 %<sup>(a)</sup> | 10/21/2038 | 10024233 |
|  | Bain Capital Credit CLO |  |  |  |  |
| 20000000 | &nbsp;&nbsp;Series 2022-6A-A1R (3 mo. Term SOFR + 1.37%, 1.37% Floor) |  | 5.23 %<sup>(a)</sup> | 01/22/2038 | 20082400 |
| 10000000 | &nbsp;&nbsp;Series 2024-6A-A1 (3 mo. Term SOFR + 1.33%, 1.33% Floor) |  | 5.20 %<sup>(a)</sup> | 01/21/2038 | 10042260 |
|  | Battalion CLO Ltd. |  |  |  |  |
| 22000000 | &nbsp;&nbsp;Series 2021-20A-AR (3 mo. Term SOFR + 1.22%, 1.22% Floor) |  | 5.12 %<sup>(a)</sup> | 04/15/2038 | 22041538 |
|  | Benefit Street Partners CLO Ltd. |  |  |  |  |
| 25000000 | &nbsp;&nbsp;Series 2023-32A-AR (3 mo. Term SOFR + 1.21%, 1.21% Floor) |  | 5.07 %<sup>(a)</sup> | 10/25/2038 | 25024353 |
| 15000000 | &nbsp;&nbsp;Series 2024-37A-A (3 mo. Term SOFR + 1.35%, 1.35% Floor) |  | 5.21 %<sup>(a)</sup> | 01/25/2038 | 15057255 |
|  | BlueMountain CLO Ltd. |  |  |  |  |
| 22000000 | &nbsp;&nbsp;Series 2021-31A-A1R (3 mo. Term SOFR + 1.10%, 1.10% Floor) |  | 5.25 %<sup>(a)</sup> | 04/19/2034 | 22001760 |
|  | Bridge Street CLO Ltd. |  |  |  |  |
| 24000000 | &nbsp;&nbsp;Series 2021-1A-A1A (3 mo. Term SOFR + 1.49%, 1.23% Floor) |  | 5.38 %<sup>(a)</sup> | 07/20/2034 | 24001200 |
| 6000000 | &nbsp;&nbsp;Series 2025-1A-A1 (3 mo. Term SOFR + 1.22%, 1.22% Floor) |  | 5.10 %<sup>(a)</sup> | 04/20/2038 | 6012305 |
|  | Capital Four US CLO Ltd. |  |  |  |  |
| 15000000 | &nbsp;&nbsp;Series 2021-1A-A (3 mo. Term SOFR + 1.47%, 1.21% Floor) |  | 5.36 %<sup>(a)</sup> | 01/18/2035 | 15017854 |
|  | Carlyle Global Market Strategies |  |  |  |  |
| 15000000 | &nbsp;&nbsp;Series 2022-2A-A1R (3 mo. Term SOFR + 1.36%, 1.36% Floor) |  | 5.24 %<sup>(a)</sup> | 01/20/2038 | 15062612 |
| 10000000 | &nbsp;&nbsp;Series 2023-3A-A1R (3 mo. Term SOFR + 1.23%, 1.23% Floor) |  | 5.13 %<sup>(a)</sup> | 10/15/2038 | 10024250 |
|  | CBAM Ltd. |  |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2017-1A-AR2 (3 mo. Term SOFR + 1.39%, 1.39% Floor) |  | 5.27 %<sup>(a)</sup> | 01/20/2038 | 10044662 |
| 10000000 | &nbsp;&nbsp;Series 2017-2A-AR (3 mo. Term SOFR + 1.45%, 1.19% Floor) |  | 5.33 %<sup>(a)</sup> | 07/17/2034 | 10010832 |
|  | Cedar Funding Ltd. |  |  |  |  |
| 20000000 | &nbsp;&nbsp;Series 2018-9A-AR (3 mo. Term SOFR + 1.42%, 1.42% Floor) |  | 5.30 %<sup>(a)</sup> | 07/20/2037 | 20075140 |
|  | CIFC Funding Ltd. |  |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2021-5A-A1R (3 mo. Term SOFR + 1.26%, 1.26% Floor) |  | 5.16 %<sup>(a)</sup> | 01/15/2038 | 10028160 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Clover CLO |  |  |  |
| 20000000 | &nbsp;&nbsp;Series 2018-1A-A1RR (3 mo. Term SOFR + 1.53%, 1.53% Floor) | 5.41 %<sup>(a)</sup> | 04/20/2037 | 20077178 |
|  | Crown City CLO |  |  |  |
| 18000000 | &nbsp;&nbsp;Series 2021-1A-A1A (3 mo. Term SOFR + 1.43%, 1.17% Floor) | 5.32 %<sup>(a)</sup> | 07/20/2034 | 18016304 |
|  | Eldridge CLO Ltd. |  |  |  |
| 15000000 | &nbsp;&nbsp;Series 2025-1A-A1 (3 mo. Term SOFR + 1.33%, 1.33% Floor) | 5.25 %<sup>(a)</sup> | 10/20/2038 | 15048600 |
|  | Elmwood CLO Ltd. |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2020-1A-AR (3 mo. Term SOFR + 1.46%, 1.46% Floor) | 5.34 %<sup>(a)</sup> | 04/18/2037 | 10039100 |
|  | Generate CLO Ltd. |  |  |  |
| 46500000 | &nbsp;&nbsp;Series 9A-AR (3 mo. Term SOFR + 1.35%, 1.35% Floor) | 5.23 %<sup>(a)</sup> | 01/20/2038 | 46679397 |
|  | Greenacre Park CLO LLC |  |  |  |
| 5240000 | &nbsp;&nbsp;Series 2021-2A-AR (3 mo. Term SOFR + 1.37%, 1.37% Floor) | 5.25 %<sup>(a)</sup> | 07/20/2037 | 5261194 |
|  | Halsey Point CLO Ltd. |  |  |  |
| 52000000 | &nbsp;&nbsp;Series 2021-5A-A1A (3 mo. Term SOFR + 1.47%, 1.21% Floor) | 5.31 %<sup>(a)</sup> | 01/30/2035 | 52061537 |
|  | Katayma CLO Ltd. |  |  |  |
| 22500000 | &nbsp;&nbsp;Series 2024-2A-A1 (3 mo. Term SOFR + 1.65%, 1.65% Floor) | 5.53 %<sup>(a)</sup> | 04/20/2037 | 22589316 |
|  | Magnetite CLO Ltd. |  |  |  |
| 30000000 | &nbsp;&nbsp;Series 2022-35A-A1RR (3 mo. Term SOFR + 1.20%, 1.20% Floor) | 4.92 %<sup>(a)</sup> | 01/25/2039 | 30000000 |
|  | MP CLO Ltd. |  |  |  |
| 15000000 | &nbsp;&nbsp;Series 2015-2A-ARR (3 mo. Term SOFR + 1.46%, 1.20% Floor) | 5.32 %<sup>(a)</sup> | 04/28/2034 | 15016973 |
|  | OCP CLO Ltd. |  |  |  |
| 3000000 | &nbsp;&nbsp;Series 2020-20A-A1R (3 mo. Term SOFR + 1.53%, 1.53% Floor) | 5.41 %<sup>(a)</sup> | 04/18/2037 | 3011435 |
| 28000000 | &nbsp;&nbsp;Series 2024-32A-A1 (3 mo. Term SOFR + 1.52%, 1.52% Floor) | 5.38 %<sup>(a)</sup> | 04/23/2037 | 28104835 |
|  | Octagon Credit Investors LLC |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2025-1A-A1 (3 mo. Term SOFR + 1.20%, 1.20% Floor) | 5.06 %<sup>(a)</sup> | 01/22/2038 | 10004045 |
|  | OHA Credit Funding |  |  |  |
| 9000000 | &nbsp;&nbsp;Series 2020-7A-A1R2 (3 mo. Term SOFR + 1.28%, 1.28% Floor) | 5.16 %<sup>(a)</sup> | 07/19/2038 | 9029142 |
|  | OHA Credit Funding Ltd. |  |  |  |
| 15000000 | &nbsp;&nbsp;Series 2023-16RA-A1 (3 mo. Term SOFR + 1.20%, 1.20% Floor) | 5.08 %<sup>(a)</sup> | 10/20/2038 | 15015762 |
|  | Regatta Funding Ltd. |  |  |  |
| 11000000 | &nbsp;&nbsp;Series 2024-1A-A1 (3 mo. Term SOFR + 1.53%, 1.53% Floor) | 5.39 %<sup>(a)</sup> | 04/26/2037 | 11044423 |
|  | Romark LLC |  |  |  |
| 3374403 | &nbsp;&nbsp;Series 2018-1A-A1 (3 mo. Term SOFR + 1.29%, 0.00% Floor) | 5.18 %<sup>(a)</sup> | 04/20/2031 | 3376687 |
|  | Sound Point CLO Ltd. |  |  |  |
| 5733248 | &nbsp;&nbsp;Series 2014-2RA-A (3 mo. Term SOFR + 1.51%, 1.25% Floor) | 5.40 %<sup>(a)</sup> | 10/20/2031 | 5741395 |
| 25000000 | &nbsp;&nbsp;Series 2020-1A-AR (3 mo. Term SOFR + 1.43%, 1.43% Floor) | 5.32 %<sup>(a)</sup> | 07/20/2034 | 25022653 |
|  | Steele Creek CLO Ltd. |  |  |  |
| 21670234 | &nbsp;&nbsp;Series 2019-2A-ARR (3 mo. Term SOFR + 1.00%, 1.00% Floor) | 4.90 %<sup>(a)</sup> | 07/15/2032 | 21674676 |
|  | Storm King Park CLO Ltd. |  |  |  |
| 9000000 | &nbsp;&nbsp;Series 2022-1A-AR (3 mo. Term SOFR + 1.36%, 1.36% Floor) | 5.26 %<sup>(a)</sup> | 10/15/2037 | 9036838 |
|  | Texas Debt Capital CLO Ltd. |  |  |  |
| 10500000 | &nbsp;&nbsp;Series 2023-1A-A1R (3 mo. Term SOFR + 1.30%, 1.30% Floor) | 5.18 %<sup>(a)</sup> | 07/20/2038 | 10538866 |
|  | Trestles CLO LLC |  |  |  |
| 20000000 | &nbsp;&nbsp;Series 2021-4A-AR1 (3 mo. Term SOFR + 1.28%, 1.28% Floor) | 5.07 %<sup>(a)</sup> | 10/30/2038 | 20061162 |
|  | Trestles LLC |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2023-6A-A1R (3 mo. Term SOFR + 1.18%, 1.18% Floor) | 5.04 %<sup>(a)</sup> | 04/25/2038 | 10000770 |
|  | Trimaran CAVU LLC |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2021-3A-A (3 mo. Term SOFR + 1.47%, 1.21% Floor) | 5.36 %<sup>(a)</sup> | 01/18/2035 | 10010433 |
|  | Vibrant CLO Ltd. |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2021-13A-A1R (3 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.30 %<sup>(a)</sup> | 01/15/2038 | 10042260 |
| 20000000 | &nbsp;&nbsp;Series 2024-4RA-A1A (3 mo. Term SOFR + 1.43%, 1.43% Floor) | 5.31 %<sup>(a)</sup> | 10/20/2037 | 20075800 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
|  | Voya CLO Ltd. |  |  |  |  |
| 3500000 | &nbsp;&nbsp;Series 2023-1A-A1R (3 mo. Term SOFR + 1.21%, 1.21% Floor) | 4.96 %<sup>(a)</sup> |  | 01/20/2039 | 3503920 |
|  | Warwick Capital CLO Ltd. |  |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2024-4A-A1 (3 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.28 %<sup>(a)</sup> |  | 07/20/2037 | 10043280 |
|  | Wellington Management CLO 3 Ltd. |  |  |  |  |
| 4000000 | &nbsp;&nbsp;Series 2025-4A-A (3 mo. Term SOFR + 1.15%, 1.15% Floor) | 5.03 %<sup>(a)</sup> |  | 04/18/2038 | 3997117 |
|  | **Total Collateralized Loan Obligations (Cost $724,219,149)** | **Total Collateralized Loan Obligations (Cost $724,219,149)** | **Total Collateralized Loan Obligations (Cost $724,219,149)** | **Total Collateralized Loan Obligations (Cost $724,219,149)** | **725676510** |
| **FOREIGN CORPORATE BONDS - 6.4%** | **FOREIGN CORPORATE BONDS - 6.4%** | **FOREIGN CORPORATE BONDS - 6.4%** | **FOREIGN CORPORATE BONDS - 6.4%** |  |  |
| 1683000 | Adani International Container Terminal Pvt Ltd. | 3.00% |  | 02/16/2031 | 1551804 |
| 3300000 | Adani Ports & Special Economic Zone Ltd. | 4.00% |  | 07/30/2027 | 3243481 |
| 4300000 | Adani Transmission Step-One Ltd. | 4.00% |  | 08/03/2026 | 4269604 |
| 5781000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 6.45% |  | 04/15/2027 | 5940697 |
| 2487000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 5.75% |  | 06/06/2028 | 2577800 |
| 4881222 | AL Candelaria Spain SA | 7.50% |  | 12/15/2028 | 4950242 |
| 4100000 | AngloGold Ashanti Holdings PLC | 3.38% |  | 11/01/2028 | 3979412 |
| 3300000 | Antofagasta PLC | 2.38% |  | 10/14/2030 | 2996578 |
| 4584000 | Ashtead Capital, Inc. | 4.25 %<sup>(a)</sup> |  | 11/01/2029 | 4535469 |
| 4518000 | Avilease Capital Ltd. | 4.75 %<sup>(a)</sup> |  | 11/12/2030 | 4485516 |
| 4353000 | Avolon Holdings Funding Ltd. | 6.38 %<sup>(a)</sup> |  | 05/04/2028 | 4537175 |
| 4944000 | Avolon Holdings Funding Ltd. | 5.38 %<sup>(a)</sup> |  | 05/30/2030 | 5081552 |
| 9131000 | BAE Systems PLC | 3.40 %<sup>(a)</sup> |  | 04/15/2030 | 8830769 |
| 8300000 | Banco de Bogota SA | 6.25% |  | 05/12/2026 | 8341558 |
| 7900000 | Banco de Credito del Peru SA<br> (5 yr. CMT Rate + 2.45%) | 3.25 %<sup>(a)</sup> |  | 09/30/2031 | 7795914 |
| 1800000 | Banco de Credito del Peru SA<br> (5 yr. CMT Rate + 2.45%) | 3.25% |  | 09/30/2031 | 1776284 |
| 6250000 | Banco Industrial SA/Guatemala<br> (5 yr. CMT Rate + 4.44%) | 4.88% |  | 01/29/2031 | 6235000 |
| 6000000 | Banco Internacional del Peru SAA Interbank<br> (5 yr. CMT Rate + 2.07%) | 6.40% |  | 04/30/2035 | 6307500 |
| 5650000 | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santander<br> (5 yr. CMT Rate + 3.00%) | 7.53% |  | 10/01/2028 | 6067389 |
| 1890000 | Bank of Ireland Group PLC<br> (SOFR + 1.62%) | 5.60 %<sup>(a)</sup> |  | 03/20/2030 | 1964259 |
| 6181000 | Bank of Montreal<br> (SOFR + 1.25%) | 4.64% |  | 09/10/2030 | 6262860 |
| 7411000 | Banque Federative du Credit Mutuel SA | 4.59 %<sup>(a)</sup> |  | 10/16/2028 | 7492572 |
| 267000 | BAT Capital Corp. | 4.91% |  | 04/02/2030 | 273021 |
| 3715000 | BAT International Finance PLC | 1.67% |  | 03/25/2026 | 3694809 |
| 4361000 | BAT International Finance PLC | 5.93% |  | 02/02/2029 | 4582368 |
| 9400000 | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX<br> (5 yr. CMT Rate + 4.31%) | 5.88% |  | 09/13/2034 | 9391361 |
| 5828000 | BPCE SA<br> (SOFR + 1.68%) | 5.88 %<sup>(a)</sup> |  | 01/14/2031 | 6093635 |
| 3200000 | BRF GmbH | 4.35% |  | 09/29/2026 | 3172876 |
| 5322000 | CaixaBank SA<br> (SOFR + 2.70%) | 6.21 %<sup>(a)</sup> |  | 01/18/2029 | 5534424 |
| 10701000 | Canadian Pacific Railway Co. | 4.80% |  | 03/30/2030 | 10953318 |
| 5300000 | Cemex SAB de CV<br> (5 yr. CMT Rate + 4.53%) | 5.13 %<sup>(d)</sup> |  | 06/08/2026 | 5302663 |
| 4500000 | Cemex SAB de CV | 5.45% |  | 11/19/2029 | 4559544 |
| 4400000 | Cencosud SA | 4.38% |  | 07/17/2027 | 4404408 |
| 10669176 | Chile Electricity PEC SpA | 0.00 %<sup>(a)</sup> |  | 01/25/2028 | 9615595 |
| 808500 | Cometa Energia SAB de CV | 6.38% |  | 04/24/2035 | 848473 |
| 7500000 | Cosan Luxembourg SA | 5.50% |  | 09/20/2029 | 7351613 |
| 5836000 | Credit Agricole SA<br> (SOFR + 1.13%) | 5.23 %<sup>(a)</sup> |  | 01/09/2029 | 5962041 |
| 3910000 | Daimler Truck Finance North America LLC | 4.30 %<sup>(a)</sup> |  | 08/12/2027 | 3929369 |
| 9700000 | DBS Group Holdings Ltd.<br> (5 yr. CMT Rate + 1.10%) | 1.82% |  | 03/10/2031 | 9639035 |
| 1715000 | Diageo Investment Corp. | 5.13% |  | 08/15/2030 | 1777595 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 597011 | Digicel Group Holdings Ltd. | 0.00 %<sup>(a)(c)</sup> | 12/31/2030 | 28009 |
| 191724 | Digicel Group Holdings Ltd. | 0.00 %<sup>(a)(c)</sup> | 12/31/2030 | 1282 |
| 6130000 | Element Fleet Management Corp. | 6.32 %<sup>(a)</sup> | 12/04/2028 | 6467851 |
| 5076000 | Element Fleet Management Corp. | 5.04 %<sup>(a)</sup> | 03/25/2030 | 5190332 |
| 1155200 | Empresa Electrica Angamos SA | 4.88% | 05/25/2029 | 1058995 |
| 1287600 | Empresa Electrica Cochrane SpA | 5.50% | 05/14/2027 | 1279536 |
| 2400000 | Enbridge, Inc. | 6.00% | 11/15/2028 | 2522992 |
| 4643000 | Enel Finance International NV | 5.13 %<sup>(a)</sup> | 06/26/2029 | 4767284 |
| 4508000 | Enel Finance International NV | 4.38 %<sup>(a)</sup> | 09/30/2030 | 4492456 |
| 1350000 | Freeport Indonesia PT | 4.76 %<sup>(a)</sup> | 04/14/2027 | 1359067 |
| 5700000 | Freeport Indonesia PT | 4.76% | 04/14/2027 | 5738281 |
| 4550000 | Freeport-McMoRan, Inc. | 5.00% | 09/01/2027 | 4551583 |
| 638620 | Galaxy Pipeline Assets Bidco Ltd. | 1.75% | 09/30/2027 | 623313 |
| 7970173 | GNL Quintero SA | 4.63% | 07/31/2029 | 7978923 |
| 2200000 | Gold Fields Orogen Holdings BVI Ltd. | 6.13% | 05/15/2029 | 2313842 |
| 918000 | Grupo de Inversiones Suramericana SA | 5.50% | 04/29/2026 | 917096 |
| 5672205 | Guara Norte Sarl | 5.20% | 06/15/2034 | 5541099 |
| 320000 | HSBC Holdings PLC<br> (SOFR + 1.04%) | 4.92% | 11/19/2028 | 321426 |
| 5576000 | Imperial Brands Finance PLC | 4.50 %<sup>(a)</sup> | 06/30/2028 | 5622190 |
| 2900000 | InRetail Consumer | 3.25% | 03/22/2028 | 2834490 |
| 2668000 | Intercorp Financial Services, Inc. | 4.13% | 10/19/2027 | 2663030 |
| 3600000 | Itaú Unibanco Holding SA/Cayman Island<br> (5 yr. CMT Rate + 3.45%) | 3.88% | 04/15/2031 | 3592294 |
| 3857250 | JSW Hydro Energy Ltd. | 4.13% | 05/18/2031 | 3592109 |
| 3200000 | JSW Infrastructure Ltd. | 4.95% | 01/21/2029 | 3209602 |
| 1452987 | Lima Metro Line 2 Finance Ltd. | 4.35% | 04/05/2036 | 1421764 |
| 6346639 | Mexico Generadora de Energia S de RL | 5.50% | 12/06/2032 | 6454767 |
| 5130000 | Millicom International Cellular SA | 5.13% | 01/15/2028 | 5123747 |
| 2391300 | Millicom International Cellular SA | 6.25% | 03/25/2029 | 2414909 |
| 5397596 | Minejesa Capital BV | 4.63% | 08/10/2030 | 5381987 |
| 4300000 | Minerva Luxembourg SA | 5.88% | 01/19/2028 | 4297389 |
| 1013917 | Mong Duong Finance Holdings BV | 5.13% | 05/07/2029 | 1003641 |
| 4927613 | MV24 Capital BV | 6.75% | 06/01/2034 | 4894500 |
| 460000 | Nationwide Building Society<br> (SOFR + 1.91%) | 6.56 %<sup>(a)</sup> | 10/18/2027 | 468768 |
| 6200000 | NatWest Group PLC<br> (1 yr. CMT Rate + 1.22%) | 4.96% | 08/15/2030 | 6330002 |
| 2600000 | NBM US Holdings, Inc. | 7.00% | 05/14/2026 | 2604901 |
| 4800000 | NBM US Holdings, Inc. | 6.63% | 08/06/2029 | 4862232 |
| 547000 | Nexa Resources SA | 6.50% | 01/18/2028 | 560800 |
| 5047000 | Nutrien Ltd. | 4.90% | 03/27/2028 | 5142866 |
| 3430000 | NXP BV / NXP Funding LLC / NXP USA, Inc. | 4.30% | 08/19/2028 | 3443481 |
| 9100000 | Oversea-Chinese Banking Corp. Ltd.<br> (5 yr. CMT Rate + 1.58%) | 4.60% | 06/15/2032 | 9138448 |
| 3778494 | Prumo Participacoes e Investimentos S/A | 7.50% | 12/31/2031 | 3879360 |
| 2650000 | Raizen Fuels Finance SA | 5.30% | 01/20/2027 | 2561799 |
| 1907000 | Reliance Industries Ltd. | 3.67% | 11/30/2027 | 1892016 |
| 6423000 | Rio Tinto Finance USA PLC | 4.88% | 03/14/2030 | 6602002 |
| 9897000 | Royal Bank of Canada<br> (SOFR + 0.86%) | 4.82% | 10/18/2028 | 9946301 |
| 12160000 | SK Hynix, Inc. | 4.25 %<sup>(a)</sup> | 09/11/2028 | 12203001 |
| 1814000 | Telefonica Celular del Paraguay SA | 5.88% | 04/15/2027 | 1810789 |
| 1570000 | UBS Group AG<br> (1 yr. CMT Rate + 1.60%) | 6.33 %<sup>(a)</sup> | 12/22/2027 | 1603083 |
| 3950000 | Ultrapar International SA | 5.25% | 10/06/2026 | 3954149 |
| 200000 | Ultrapar International SA | 5.25% | 06/06/2029 | 200039 |
| 7600000 | United Overseas Bank Ltd.<br> (5 yr. CMT Rate + 1.52%) | 1.75% | 03/16/2031 | 7562035 |
| 2000000 | United Overseas Bank Ltd.<br> (5 yr. CMT Rate + 1.23%) | 2.00% | 10/14/2031 | 1964216 |
| 5100000 | Wipro IT Services LLC | 1.50% | 06/23/2026 | 5034506 |
|  | **Total Foreign Corporate Bonds (Cost $398,946,436)** | **Total Foreign Corporate Bonds (Cost $398,946,436)** | **Total Foreign Corporate Bonds (Cost $398,946,436)** | **405734163** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** | **VALUE $** |
| **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 2.2%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 2.2%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 2.2%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 2.2%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 2.2%** |  |
| 450000 | Banco Nacional de Comercio Exterior SNC/Cayman Islands | 5.88 %<sup>(a)</sup> | 05/07/2030 |  | 466290 |
| 5486000 | Banco Nacional de Comercio Exterior SNC/Cayman Islands (5 yr. CMT Rate + 2.00%) | 2.72% | 08/11/2031 |  | 5404699 |
| 7576000 | Bank Negara Indonesia Persero Tbk PT | 3.75% | 03/30/2026 |  | 7538018 |
| 10042893 | Bioceanico Sovereign Certificate Ltd. | 0.00% | 06/05/2034 |  | 8237683 |
| 4000000 | BPRL International Singapore Pte Ltd. | 4.38% | 01/18/2027 |  | 4002863 |
| 2500000 | Brazilian Government International Bond | 4.50% | 05/30/2029 |  | 2483125 |
| 2242870 | Chile Electricity Lux MPC Sarl | 6.01% | 01/20/2033 |  | 2359300 |
| 3900000 | Comision Federal de Electricidad | 4.69% | 05/15/2029 |  | 3865835 |
| 4900000 | Comision Federal de Electricidad | 5.70 %<sup>(a)</sup> | 01/24/2030 |  | 4992610 |
| 4200000 | Corp. Nacional del Cobre de Chile | 3.63% | 08/01/2027 |  | 4160210 |
| 3000000 | Corp. Nacional del Cobre de Chile | 3.00% | 09/30/2029 |  | 2849346 |
| 1900000 | Dominican Republic International Bond | 5.95% | 01/25/2027 |  | 1922895 |
| 7300000 | Dominican Republic International Bond | 5.50% | 02/22/2029 |  | 7406580 |
| 6000000 | Guatemala Government Bond | 4.50% | 05/03/2026 |  | 6000000 |
| 3200000 | Guatemala Government Bond | 5.25% | 08/10/2029 |  | 3247200 |
| 4650701 | Lima Metro Line 2 Finance Ltd. | 5.88% | 07/05/2034 |  | 4841895 |
| 5100000 | Mexico City Airport Trust | 3.88% | 04/30/2028 |  | 4991335 |
| 3300000 | Mexico Government International Bond | 5.00% | 05/07/2029 |  | 3359400 |
| 2400000 | MISC Capital Two Labuan Ltd. | 3.75% | 04/06/2027 |  | 2385518 |
| 3300000 | Morocco Government International Bond | 2.38% | 12/15/2027 |  | 3169600 |
| 2800000 | OCP SA | 6.10% | 04/30/2030 |  | 2928030 |
| 1000000 | Oleoducto Central SA | 4.00% | 07/14/2027 |  | 987401 |
| 6600000 | ONGC Videsh Vankorneft Pte Ltd. | 3.75% | 07/27/2026 |  | 6580550 |
| 1136000 | Paraguay Government International Bond | 5.00% | 04/15/2026 |  | 1141680 |
| 4358000 | Paraguay Government International Bond | 4.70% | 03/27/2027 |  | 4395043 |
| 2100000 | Paraguay Government International Bond | 4.95% | 04/28/2031 |  | 2135175 |
| 9600000 | Pertamina Persero PT | 1.40% | 02/09/2026 |  | 9564518 |
| 9500000 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | 4.13% | 05/15/2027 |  | 9484731 |
| 3000000 | Peruvian Government International Bond | 2.84% | 06/20/2030 |  | 2829000 |
| 1600000 | Petrobras Global Finance BV | 7.38% | 01/17/2027 |  | 1654452 |
| 5500000 | Petrobras Global Finance BV | 6.00% | 01/27/2028 |  | 5608358 |
| 400000 | Petrobras Global Finance BV | 5.13% | 09/10/2030 |  | 392472 |
| 6900000 | TNB Global Ventures Capital Bhd | 3.24% | 10/19/2026 |  | 6859105 |
|  | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $135,874,415)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $135,874,415)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $135,874,415)** |  | **138244917** |
| **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 13.3%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 13.3%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 13.3%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 13.3%** |  |  |
|  | 1211 Avenue of the Americas Trust |  |  |  |  |
| 6460000 | &nbsp;&nbsp;Series 2015-1211-A1A2 | 3.90 %<sup>(a)</sup> | 08/10/2035 |  | 6255703 |
|  | 280 Park Avenue Mortgage Trust |  |  |  |  |
| 9530000 | &nbsp;&nbsp;Series 2017-280P-A (1 mo. Term SOFR + 1.18%, 1.13% Floor) | 4.96 %<sup>(a)</sup> | 09/15/2034 |  | 9501436 |
|  | ACREC Trust |  |  |  |  |
| 3078079 | &nbsp;&nbsp;Series 2021-FL1-A (1 mo. Term SOFR + 1.26%, 1.15% Floor) | 5.00 %<sup>(a)</sup> | 10/16/2036 |  | 3081932 |
| 9630000 | &nbsp;&nbsp;Series 2025-FL3-A (1 mo. Term SOFR + 1.31%, 1.31% Floor) | 5.04 %<sup>(a)</sup> | 08/18/2042 |  | 9641989 |
|  | ACRES Commercial Realty Ltd. |  |  |  |  |
| 11260000 | &nbsp;&nbsp;Series 2025-FL3-A (1 mo. Term SOFR + 1.62%, 1.62% Floor) | 5.35 %<sup>(a)</sup> | 08/18/2040 |  | 11301245 |
|  | Arbor Multifamily Mortgage Securities Trust |  |  |  |  |
| 14340000 | &nbsp;&nbsp;Series 2021-MF2-A2 | 2.02 %<sup>(a)</sup> | 06/15/2054 |  | 14160011 |
| 46863 | &nbsp;&nbsp;Series 2021-MF3-A1 | 1.07 %<sup>(a)</sup> | 10/15/2054 |  | 46331 |
|  | Arbor Realty Trust, Inc. |  |  |  |  |
| 9320975 | &nbsp;&nbsp;Series 2021-FL4-A (1 mo. Term SOFR + 1.46%, 1.46% Floor) | 5.21 %<sup>(a)</sup> | 11/15/2036 |  | 9332710 |
| 7270995 | &nbsp;&nbsp;Series 2022-FL1-A (30 day avg SOFR US + 1.45%, 1.45% Floor) | 5.43 %<sup>(a)</sup> | 01/15/2037 |  | 7280316 |
| 13000000 | &nbsp;&nbsp;Series 2025-FL1-A (1 mo. Term SOFR + 1.35%, 1.35% Floor) | 5.09 %<sup>(a)</sup> | 01/20/2043 |  | 13010933 |
|  | ARDN Mortgage Trust |  |  |  |  |
| 5250000 | &nbsp;&nbsp;Series 2025-ARCP-A (1 mo. Term SOFR + 1.75%, 1.75% Floor) | 5.50 %<sup>(a)</sup> | 06/15/2035 |  | 5267076 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | AREIT Trust |  |  |  |
| 3723941 | &nbsp;&nbsp;Series 2022-CRE6-A (30 day avg SOFR US + 1.25%, 1.25% Floor) | 5.19 %<sup>(a)</sup> | 01/20/2037 | 3730037 |
| 14630000 | &nbsp;&nbsp;Series 2025-CRE10-A (1 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.35 %<sup>(a)</sup> | 12/17/2029 | 14673422 |
| 11060000 | &nbsp;&nbsp;Series 2025-CRE11-A (1 mo. Term SOFR + 1.55%, 1.55% Floor) | 5.55 %<sup>(a)</sup> | 07/25/2043 | 11087606 |
|  | Banc of America Merrill Lynch Commercial Mortgage, Inc. |  |  |  |
| 19485258 | &nbsp;&nbsp;Series 2016-UB10-XA | 1.71 %<sup>(b)(e)</sup> | 07/15/2049 | 195 |
|  | BANK |  |  |  |
| 63938753 | &nbsp;&nbsp;Series 2017-BNK5-XA | 0.94 %<sup>(b)(e)</sup> | 06/15/2060 | 704906 |
| 76074441 | &nbsp;&nbsp;Series 2017-BNK6-XA | 0.76 %<sup>(b)(e)</sup> | 07/15/2060 | 614065 |
| 20783742 | &nbsp;&nbsp;Series 2019-BN20-XA | 0.81 %<sup>(b)(e)</sup> | 09/15/2062 | 531058 |
| 182995693 | &nbsp;&nbsp;Series 2020-BN26-XA | 1.19 %<sup>(b)(e)</sup> | 03/15/2063 | 6735230 |
| 3021000 | &nbsp;&nbsp;Series 2021-BN34-ASB | 2.19% | 06/15/2063 | 2868639 |
| 1447175 | &nbsp;&nbsp;Series 2024-BNK48-A1 | 4.33% | 10/15/2057 | 1448719 |
|  | BANK5 Trust |  |  |  |
| 2502824 | &nbsp;&nbsp;Series 2023-5YR2-A1 | 6.20% | 07/15/2056 | 2552237 |
| 5222247 | &nbsp;&nbsp;Series 2023-5YR4-A3 | 6.50% | 12/15/2056 | 5498170 |
| 4871806 | &nbsp;&nbsp;Series 2024-5YR5-A3 | 5.70% | 02/15/2029 | 5053250 |
| 2474806 | &nbsp;&nbsp;Series 2024-5YR8-A1 | 5.19% | 08/15/2057 | 2516014 |
| 5000000 | &nbsp;&nbsp;Series 2024-5YR8-A3 | 5.88% | 08/15/2057 | 5239904 |
| 2634993 | &nbsp;&nbsp;Series 2025-5YR14-A1 | 4.82% | 04/15/2058 | 2660079 |
| 61769250 | &nbsp;&nbsp;Series 2025-5YR19-XA | 1.13 %<sup>(b)(e)</sup> | 12/15/2058 | 3093713 |
|  | BBCMS Trust |  |  |  |
| 70355624 | &nbsp;&nbsp;Series 2017-C1-XA | 1.44 %<sup>(b)(e)</sup> | 02/15/2050 | 646174 |
| 111371410 | &nbsp;&nbsp;Series 2020-C6-XA | 1.02 %<sup>(b)(e)</sup> | 02/15/2053 | 3730107 |
| 59000000 | &nbsp;&nbsp;Series 2020-C6-XB | 0.65 %<sup>(b)(e)</sup> | 02/15/2053 | 1534212 |
| 526627 | &nbsp;&nbsp;Series 2024-5C31-A1 | 4.88% | 12/15/2057 | 532529 |
| 2291257 | &nbsp;&nbsp;Series 2025-5C33-A1 | 4.97% | 03/15/2058 | 2326575 |
|  | BDS Ltd. |  |  |  |
| 14000000 | &nbsp;&nbsp;Series 2024-FL13-A (1 mo. Term SOFR + 1.58%, 1.58% Floor) | 5.31 %<sup>(a)</sup> | 09/19/2039 | 14046718 |
| 13400000 | &nbsp;&nbsp;Series 2025-FL15-A (1 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.13 %<sup>(a)</sup> | 03/19/2043 | 13432964 |
| 10030000 | &nbsp;&nbsp;Series 2025-FL16-A (1 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.40 %<sup>(a)</sup> | 07/19/2043 | 10043851 |
|  | Benchmark Mortgage Trust |  |  |  |
| 734992 | &nbsp;&nbsp;Series 2018-B1-ASB | 3.60 %<sup>(b)</sup> | 01/15/2051 | 730586 |
| 80502239 | &nbsp;&nbsp;Series 2018-B1-XA | 0.52 %<sup>(b)(e)</sup> | 01/15/2051 | 795209 |
| 8474037 | &nbsp;&nbsp;Series 2019-B14-A2 | 2.91% | 12/15/2062 | 8222876 |
| 168827883 | &nbsp;&nbsp;Series 2020-B16-XA | 0.91 %<sup>(b)(e)</sup> | 02/15/2053 | 4780784 |
| 245954 | &nbsp;&nbsp;Series 2020-B22-A2 | 1.16% | 01/15/2054 | 245470 |
| 35720000 | &nbsp;&nbsp;Series 2020-IG1-XB | 0.13 %<sup>(b)(e)</sup> | 09/15/2043 | 202997 |
| 79325 | &nbsp;&nbsp;Series 2022-B32-A1 | 1.81% | 01/15/2055 | 78371 |
| 1144707 | &nbsp;&nbsp;Series 2023-B39-A1 | 6.04% | 07/15/2056 | 1158197 |
| 586896 | &nbsp;&nbsp;Series 2023-V2-A1 | 5.85% | 05/15/2055 | 589904 |
| 13806000 | &nbsp;&nbsp;Series 2024-V5-A3 | 5.81% | 01/10/2057 | 14374781 |
| 857990 | &nbsp;&nbsp;Series 2024-V8-A1 | 5.51% | 07/15/2057 | 873362 |
| 1588907 | &nbsp;&nbsp;Series 2025-V18-A1 | 4.29% | 10/15/2058 | 1590741 |
| 38247000 | &nbsp;&nbsp;Series 2025-V19-XA | 1.10 %<sup>(b)(e)</sup> | 01/15/2058 | 1847716 |
|  | Blackstone Mortgage Trust, Inc. |  |  |  |
| 11953833 | &nbsp;&nbsp;Series 2021-FL4-A (1 mo. Term SOFR + 1.16%, 1.05% Floor) | 4.90 %<sup>(a)</sup> | 05/15/2038 | 11940707 |
|  | BMO Mortgage Trust |  |  |  |
| 1023274 | &nbsp;&nbsp;Series 2023-C4-A1 | 5.29% | 02/15/2056 | 1027587 |
| 1310009 | &nbsp;&nbsp;Series 2023-C5-A1 | 5.74% | 06/15/2056 | 1324621 |
| 733648 | &nbsp;&nbsp;Series 2024-5C4-A1 | 6.02% | 05/15/2057 | 751940 |
| 766240 | &nbsp;&nbsp;Series 2024-5C6-A1 | 4.59% | 09/15/2057 | 769196 |
| 4486000 | &nbsp;&nbsp;Series 2024-5C6-A2 | 4.87% | 09/15/2057 | 4549995 |
| 2668736 | &nbsp;&nbsp;Series 2025-C11-A1 | 4.97% | 02/15/2058 | 2716122 |
|  | BPR Trust |  |  |  |
| 9000000 | &nbsp;&nbsp;Series 2021-TY-A (1 mo. Term SOFR + 1.16%, 1.05% Floor) | 4.92 %<sup>(a)</sup> | 09/15/2038 | 8999111 |
|  | BrightSpire Capital, Inc. |  |  |  |
| 7248323 | &nbsp;&nbsp;Series 2021-FL1-A (1 mo. Term SOFR + 1.26%, 1.15% Floor) | 5.00 %<sup>(a)</sup> | 08/19/2038 | 7240060 |
| 6000000 | &nbsp;&nbsp;Series 2021-FL1-AS (1 mo. Term SOFR + 1.71%, 1.60% Floor) | 5.45 %<sup>(a)</sup> | 08/19/2038 | 5989068 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 11380000 | &nbsp;&nbsp;Series 2024-FL2-A (1 mo. Term SOFR + 1.95%, 1.95% Floor) | 5.68 %<sup>(a)</sup> | 08/19/2037 | 11395078 |
|  | BSPRT Co.-Issuer LLC |  |  |  |
| 9026466 | &nbsp;&nbsp;Series 2023-FL10-A (1 mo. Term SOFR + 2.26%, 2.26% Floor) | 6.01 %<sup>(a)</sup> | 09/15/2035 | 9053401 |
| 5000000 | &nbsp;&nbsp;Series 2023-FL10-AS (1 mo. Term SOFR + 2.86%, 2.86% Floor) | 6.61 %<sup>(a)</sup> | 09/15/2035 | 5015760 |
|  | BX Trust |  |  |  |
| 1722925 | &nbsp;&nbsp;Series 2021-21M-A (1 mo. Term SOFR + 0.84%, 0.73% Floor) | 4.59 %<sup>(a)</sup> | 10/15/2036 | 1722200 |
| 1110171 | &nbsp;&nbsp;Series 2021-ACNT-A (1 mo. Term SOFR + 0.96%, 0.85% Floor) | 4.71 %<sup>(a)</sup> | 11/15/2038 | 1109744 |
| 848728 | &nbsp;&nbsp;Series 2021-BXMF-A (1 mo. Term SOFR + 0.75%, 0.64% Floor) | 4.50 %<sup>(a)</sup> | 10/15/2026 | 847611 |
| 1671326 | &nbsp;&nbsp;Series 2021-CIP-B (1 mo. Term SOFR + 1.39%, 1.27% Floor) | 5.14 %<sup>(a)</sup> | 12/15/2038 | 1670243 |
| 1281112 | &nbsp;&nbsp;Series 2021-LBA-BV (1 mo. Term SOFR + 1.16%, 1.05% Floor) | 4.92 %<sup>(a)</sup> | 02/15/2036 | 1279769 |
| 9310000 | &nbsp;&nbsp;Series 2021-LGCY-B (1 mo. Term SOFR + 0.97%, 0.86% Floor) | 4.72 %<sup>(a)</sup> | 10/15/2036 | 9284516 |
| 1819000 | &nbsp;&nbsp;Series 2021-PAC-A (1 mo. Term SOFR + 0.80%, 0.69% Floor) | 4.55 %<sup>(a)</sup> | 10/15/2036 | 1814097 |
| 9108421 | &nbsp;&nbsp;Series 2021-RISE-A (1 mo. Term SOFR + 0.86%, 0.75% Floor) | 4.61 %<sup>(a)</sup> | 11/15/2036 | 9103801 |
| 3349066 | &nbsp;&nbsp;Series 2021-SDMF-A (1 mo. Term SOFR + 0.70%, 0.59% Floor) | 4.45 %<sup>(a)</sup> | 09/15/2034 | 3341679 |
| 8532000 | &nbsp;&nbsp;Series 2021-VIEW-A (1 mo. Term SOFR + 1.39%, 1.28% Floor) | 5.14 %<sup>(a)</sup> | 06/15/2036 | 8523212 |
| 5393550 | &nbsp;&nbsp;Series 2021-XL2-A (1 mo. Term SOFR + 0.80%, 0.69% Floor) | 4.55 %<sup>(a)</sup> | 10/15/2038 | 5393248 |
| 3357550 | &nbsp;&nbsp;Series 2021-XL2-B (1 mo. Term SOFR + 1.11%, 1.00% Floor) | 4.86 %<sup>(a)</sup> | 10/15/2038 | 3356942 |
| 3101000 | &nbsp;&nbsp;Series 2021-XL2-C (1 mo. Term SOFR + 1.31%, 1.20% Floor) | 5.06 %<sup>(a)</sup> | 10/15/2038 | 3099894 |
| 5909000 | &nbsp;&nbsp;Series 2022-LBA6-A (1 mo. Term SOFR + 1.00%, 1.00% Floor) | 4.75 %<sup>(a)</sup> | 01/15/2039 | 5908308 |
| 646204 | &nbsp;&nbsp;Series 2022-LP2-A (1 mo. Term SOFR + 1.01%, 1.01% Floor) | 4.76 %<sup>(a)</sup> | 02/15/2039 | 645562 |
| 6420508 | &nbsp;&nbsp;Series 2025-BCAT-A (1 mo. Term SOFR + 1.38%, 1.38% Floor) | 5.13 %<sup>(a)</sup> | 08/15/2042 | 6437374 |
| 10080684 | &nbsp;&nbsp;Series 2025-ROIC-C (1 mo. Term SOFR + 1.54%, 1.54% Floor) | 5.29 %<sup>(a)</sup> | 03/15/2030 | 10058306 |
|  | BXMT Ltd. |  |  |  |
| 133423 | &nbsp;&nbsp;Series 2020-FL2-A (1 mo. Term SOFR + 1.26%, 1.26% Floor) | 5.00 %<sup>(a)</sup> | 02/15/2038 | 133259 |
|  | BXP Trust |  |  |  |
| 3625000 | &nbsp;&nbsp;Series 2017-GM-A | 3.38 %<sup>(a)</sup> | 06/13/2039 | 3560724 |
|  | Cantor Commercial Real Estate Lending LP |  |  |  |
| 4030097 | &nbsp;&nbsp;Series 2019-CF1-A2 | 3.62% | 05/15/2052 | 3982065 |
|  | CFCRE Commercial Mortgage Trust |  |  |  |
| 42452000 | &nbsp;&nbsp;Series 2017-C8-XB | 0.89 %<sup>(b)(e)</sup> | 06/15/2050 | 433724 |
|  | CFK Trust |  |  |  |
| 116365000 | &nbsp;&nbsp;Series 2020-MF2-X | 0.77 %<sup>(a)(b)(e)</sup> | 03/15/2039 | 706033 |
|  | Citigroup Commercial Mortgage Trust |  |  |  |
| 1296157 | &nbsp;&nbsp;Series 2016-C2-A4 | 2.83% | 08/10/2049 | 1285112 |
| 8870106 | &nbsp;&nbsp;Series 2016-GC36-XA | 1.00 %<sup>(b)(e)</sup> | 02/10/2049 | 89 |
| 1261402 | &nbsp;&nbsp;Series 2016-P3-A3 | 3.06% | 04/15/2049 | 1259192 |
| 33286141 | &nbsp;&nbsp;Series 2016-P3-XA | 1.64 %<sup>(b)(e)</sup> | 04/15/2049 | 17818 |
| 6290275 | &nbsp;&nbsp;Series 2017-P7-A3 | 3.44% | 04/14/2050 | 6248648 |
| 850000 | &nbsp;&nbsp;Series 2023-SMRT-B | 5.85 %<sup>(a)(b)</sup> | 10/12/2040 | 871405 |
|  | Citigroup/Deutsche Bank Commercial Mortgage Trust |  |  |  |
| 1007315 | &nbsp;&nbsp;Series 2016-C3-A4 | 2.63% | 08/10/2049 | 1002478 |
| 700000 | &nbsp;&nbsp;Series 2016-C3-A5 | 2.89% | 08/10/2049 | 694746 |
| 19423199 | &nbsp;&nbsp;Series 2017-CD4-XA | 1.21 %<sup>(b)(e)</sup> | 05/10/2050 | 191829 |
| 1467200 | &nbsp;&nbsp;Series 2020-C9-ASB | 1.88% | 08/15/2053 | 1399524 |
|  | Commercial Mortgage Pass Through Certificates |  |  |  |
| 7425302 | &nbsp;&nbsp;Series 2013-CR12-XA | 0.51 %<sup>(b)(e)</sup> | 10/10/2046 | 74 |
| 988643 | &nbsp;&nbsp;Series 2016-COR1-A3 | 2.83% | 10/10/2049 | 981438 |
| 500000 | &nbsp;&nbsp;Series 2016-COR1-A4 | 3.09% | 10/10/2049 | 494768 |
| 8000000 | &nbsp;&nbsp;Series 2018-HCLV-A (1 mo. Term SOFR + 1.30%, 1.00% Floor) | 5.05 %<sup>(a)</sup> | 09/15/2033 | 7402818 |
|  | Commercial Mortgage Trust |  |  |  |
| 49110 | &nbsp;&nbsp;Series 2021-PF1-A1 | 1.12% | 11/15/2054 | 48452 |
|  | Computershare Corporate Trust |  |  |  |
| 4899004 | &nbsp;&nbsp;Series 2019-C50-A4 | 3.47% | 05/15/2052 | 4810445 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 152808741 | &nbsp;&nbsp;Series 2019-C51-XA | 1.26 %<sup>(b)(e)</sup> | 06/15/2052 | 5508144 |
| 4408169 | &nbsp;&nbsp;Series 2020-C57-ASB | 1.91% | 08/15/2053 | 4234486 |
| 10737644 | &nbsp;&nbsp;Series 2021-C60-A2 | 2.04% | 08/15/2054 | 10576486 |
| 1294106 | &nbsp;&nbsp;Series 2021-SAVE-A (1 mo. Term SOFR + 1.36%, 1.15% Floor) | 5.12 %<sup>(a)</sup> | 02/15/2040 | 1294872 |
| 731009 | &nbsp;&nbsp;Series 2024-C63-A1 | 4.89% | 08/15/2057 | 739881 |
| 91913 | &nbsp;&nbsp;Series 2025-5C5-A1 | 4.72% | 07/15/2058 | 93065 |
|  | CSAIL Commercial Mortgage Trust |  |  |  |
| 85070243 | &nbsp;&nbsp;Series 2017-C8-XA | 1.05 %<sup>(b)(e)</sup> | 06/15/2050 | 819618 |
| 2913343 | &nbsp;&nbsp;Series 2017-CX9-A4 | 3.18% | 09/15/2050 | 2868351 |
| 9687534 | &nbsp;&nbsp;Series 2017-CX9-XA | 0.58 %<sup>(b)(e)</sup> | 09/15/2050 | 47413 |
|  | DBGS Mortgage Trust |  |  |  |
| 4060000 | &nbsp;&nbsp;Series 2021-W52-A (1 mo. Term SOFR + 1.66%, 1.40% Floor) | 5.41 %<sup>(a)</sup> | 10/15/2039 | 4059473 |
|  | Del Amo Fashion Center Trust |  |  |  |
| 6850000 | &nbsp;&nbsp;Series 2017-AMO-A | 3.64 %<sup>(a)(b)</sup> | 06/05/2035 | 6665638 |
|  | EQUS Mortgage Trust |  |  |  |
| 10565761 | &nbsp;&nbsp;Series 2021-EQAZ-A (1 mo. Term SOFR + 1.02%, 0.76% Floor) | 4.77 %<sup>(a)</sup> | 10/15/2038 | 10567174 |
|  | Franklin BSP Realty Trust, Inc. |  |  |  |
| 2552339 | &nbsp;&nbsp;Series 2022-FL8-A (30 day avg SOFR US + 1.50%, 1.50% Floor) | 5.48 %<sup>(a)</sup> | 02/15/2037 | 2555714 |
|  | FS RIALTO |  |  |  |
| 6485629 | &nbsp;&nbsp;Series 2021-FL2-A (1 mo. Term SOFR + 1.33%, 1.33% Floor) | 5.07 %<sup>(a)</sup> | 05/16/2038 | 6492225 |
| 3890225 | &nbsp;&nbsp;Series 2021-FL3-A (1 mo. Term SOFR + 1.36%, 1.36% Floor) | 5.10 %<sup>(a)</sup> | 11/16/2036 | 3896948 |
| 11690000 | &nbsp;&nbsp;Series 2025-FL10-A (1 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.12 %<sup>(a)</sup> | 08/19/2042 | 11717974 |
|  | Granite Point Mortgage Trust, Inc. |  |  |  |
| 1601718 | &nbsp;&nbsp;Series 2021-FL3-A (1 mo. Term SOFR + 1.61%, 1.36% Floor) | 5.35 %<sup>(a)</sup> | 07/16/2035 | 1604639 |
| 1070000 | &nbsp;&nbsp;Series 2021-FL3-AS (1 mo. Term SOFR + 1.96%, 1.71% Floor) | 5.70 %<sup>(a)</sup> | 07/16/2035 | 1071846 |
| 10809513 | &nbsp;&nbsp;Series 2021-FL4-A (1 mo. Term SOFR + 1.46%, 1.35% Floor) | 5.20 %<sup>(a)</sup> | 12/15/2036 | 10837726 |
|  | Great Wolf Trust |  |  |  |
| 4500000 | &nbsp;&nbsp;Series 2024-WLF2-A (1 mo. Term SOFR + 1.69%) | 5.44 %<sup>(a)</sup> | 05/15/2041 | 4518049 |
| 8950000 | &nbsp;&nbsp;Series 2024-WOLF-A (1 mo. Term SOFR + 1.54%, 1.54% Floor) | 5.29 %<sup>(a)</sup> | 03/15/2039 | 8973664 |
|  | Greystone Commercial Real Estate Notes |  |  |  |
| 1443096 | &nbsp;&nbsp;Series 2021-FL3-A (1 mo. Term SOFR + 1.13%, 1.02% Floor) | 4.88 %<sup>(a)</sup> | 07/15/2039 | 1446170 |
|  | GS Mortgage Securities Corp. II |  |  |  |
| 637193 | &nbsp;&nbsp;Series 2013-GC13-AS | 3.86 %<sup>(a)(b)</sup> | 07/10/2046 | 629505 |
| 102593981 | &nbsp;&nbsp;Series 2017-GS6-XA | 0.99 %<sup>(b)(e)</sup> | 05/10/2050 | 1132104 |
| 118847041 | &nbsp;&nbsp;Series 2017-GS7-XA | 1.02 %<sup>(b)(e)</sup> | 08/10/2050 | 1377580 |
| 131961921 | &nbsp;&nbsp;Series 2017-GS8-XA | 0.93 %<sup>(b)(e)</sup> | 11/10/2050 | 1539877 |
| 2615000 | &nbsp;&nbsp;Series 2018-TWR-A (1 mo. Term SOFR + 1.20%, 0.90% Floor) | 4.95 %<sup>(a)</sup> | 07/15/2031 | 2031226 |
| 50518906 | &nbsp;&nbsp;Series 2019-GC42-XA | 0.80 %<sup>(b)(e)</sup> | 09/10/2052 | 1238602 |
| 7995787 | &nbsp;&nbsp;Series 2020-GC45-AAB | 2.84% | 02/13/2053 | 7810975 |
| 6615000 | &nbsp;&nbsp;Series 2023-SHIP-A | 4.32 %<sup>(a)(b)</sup> | 09/10/2038 | 6606150 |
|  | Hilton USA Trust |  |  |  |
| 2300000 | &nbsp;&nbsp;Series 2016-HHV-A | 3.72 %<sup>(a)</sup> | 11/05/2038 | 2284772 |
|  | INCREF LLC |  |  |  |
| 13858000 | &nbsp;&nbsp;Series 2025-FL1-A (1 mo. Term SOFR + 1.73%, 1.73% Floor) | 5.46 %<sup>(a)</sup> | 10/19/2042 | 13903579 |
|  | JP Morgan Chase Commercial Mortgage Securities |  |  |  |
| 52029416 | &nbsp;&nbsp;Series 2016-JP4-XA | 0.56 %<sup>(b)(e)</sup> | 12/15/2049 | 138736 |
| 1141000 | &nbsp;&nbsp;Series 2019-COR5-A3 | 3.12% | 06/13/2052 | 1103745 |
| 22608814 | &nbsp;&nbsp;Series 2019-COR5-XA | 1.43 %<sup>(b)(e)</sup> | 06/13/2052 | 808923 |
| 1318468 | &nbsp;&nbsp;Series 2019-UES-A | 3.81 %<sup>(a)</sup> | 05/05/2032 | 1309521 |
| 2710415 | &nbsp;&nbsp;Series 2021-MHC-A (1 mo. Term SOFR + 1.16%, 0.80% Floor) | 4.92 %<sup>(a)</sup> | 04/15/2038 | 2710576 |
| 3080000 | &nbsp;&nbsp;Series 2021-MHC-B (1 mo. Term SOFR + 1.41%, 1.05% Floor) | 5.17 %<sup>(a)</sup> | 04/15/2038 | 3080413 |
|  | JPMBB Commercial Mortgage Securities Trust |  |  |  |
| 237393 | &nbsp;&nbsp;Series 2015-C27-A4 | 3.18% | 02/15/2048 | 232209 |
| 17799006 | &nbsp;&nbsp;Series 2015-C32-XA | 0.99 %<sup>(b)(e)</sup> | 11/15/2048 | 178 |
| 128121 | &nbsp;&nbsp;Series 2016-C1-A5 | 3.58% | 03/17/2049 | 127888 |
|  | KREF |  |  |  |
| 7986677 | &nbsp;&nbsp;Series 2021-FL2-A (1 mo. Term SOFR + 1.18%, 1.07% Floor) | 4.92 %<sup>(a)</sup> | 02/15/2039 | 8003289 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 5550000 | &nbsp;&nbsp;Series 2021-FL2-AS (1 mo. Term SOFR + 1.41%, 1.30% Floor) | 5.15 %<sup>(a)</sup> | 02/15/2039 | 5551804 |
| 11380000 | &nbsp;&nbsp;Series 2021-FL2-B (1 mo. Term SOFR + 1.76%, 1.65% Floor) | 5.50 %<sup>(a)</sup> | 02/15/2039 | 11359994 |
| 8065955 | &nbsp;&nbsp;Series 2022-FL3-A (1 mo. Term SOFR + 1.45%, 1.45% Floor) | 5.18 %<sup>(a)</sup> | 02/17/2039 | 8076312 |
|  | Ladder Capital Commercial Mortgage Securities LLC |  |  |  |
| 714153 | &nbsp;&nbsp;Series 2017-LC26-A3 | 3.29 %<sup>(a)</sup> | 07/12/2050 | 704584 |
|  | LEX Mortgage Trust |  |  |  |
| 2760000 | &nbsp;&nbsp;Series 2024-BBG-A | 4.87 %<sup>(a)(b)</sup> | 10/13/2033 | 2778351 |
|  | LoanCore |  |  |  |
| 2041735 | &nbsp;&nbsp;Series 2021-CRE6-A (1 mo. Term SOFR + 1.41%, 1.30% Floor) | 5.16 %<sup>(a)</sup> | 11/15/2038 | 2045240 |
| 3064346 | &nbsp;&nbsp;Series 2022-CRE7-A (30 day avg SOFR US + 1.55%, 1.55% Floor) | 5.49 %<sup>(a)</sup> | 01/17/2037 | 3068419 |
| 14630000 | &nbsp;&nbsp;Series 2025-CRE8-A (1 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.12 %<sup>(a)</sup> | 08/17/2042 | 14650233 |
| 14000000 | &nbsp;&nbsp;Series 2025-CRE9-A (1 mo. Term SOFR + 1.45%, 1.45% Floor) | 5.18 %<sup>(a)</sup> | 08/18/2042 | 14021602 |
|  | LSTAR Commercial Mortgage Trust |  |  |  |
| 46240677 | &nbsp;&nbsp;Series 2017-5-X | 0.87 %<sup>(a)(b)(e)</sup> | 03/10/2050 | 261833 |
|  | Lument Finance Trust, Inc. |  |  |  |
| 14690000 | &nbsp;&nbsp;Series 2025-FL3-A (1 mo. Term SOFR + 1.55%, 1.55% Floor) | 5.55 %<sup>(a)</sup> | 07/21/2043 | 14741018 |
|  | Merit |  |  |  |
| 2440000 | &nbsp;&nbsp;Series 2022-MHIL-C (1 mo. Term SOFR + 1.26%, 1.26% Floor) | 5.01 %<sup>(a)</sup> | 01/15/2039 | 2437168 |
|  | MF1 Multifamily Housing Mortgage Loan Trust |  |  |  |
| 1031596 | &nbsp;&nbsp;Series 2021-FL7-A (1 mo. Term SOFR + 1.19%, 1.08% Floor) | 4.93 %<sup>(a)</sup> | 10/16/2036 | 1032566 |
| 12643000 | &nbsp;&nbsp;Series 2021-FL7-AS (1 mo. Term SOFR + 1.56%, 1.45% Floor) | 5.30 %<sup>(a)</sup> | 10/16/2036 | 12658500 |
| 2000000 | &nbsp;&nbsp;Series 2022-FL10-AS (1 mo. Term SOFR + 3.19%, 3.19% Floor) | 6.92 %<sup>(a)</sup> | 09/17/2037 | 2003286 |
| 8142392 | &nbsp;&nbsp;Series 2022-FL8-A (1 mo. Term SOFR + 1.35%, 1.35% Floor) | 5.08 %<sup>(a)</sup> | 02/19/2037 | 8152529 |
| 10093498 | &nbsp;&nbsp;Series 2022-FL9-A (1 mo. Term SOFR + 2.15%, 2.15% Floor) | 5.88 %<sup>(a)</sup> | 06/19/2037 | 10110849 |
| 8290000 | &nbsp;&nbsp;Series 2024-FL15-A (1 mo. Term SOFR + 1.69%, 1.69% Floor) | 5.42 %<sup>(a)</sup> | 08/18/2041 | 8320507 |
| 14630000 | &nbsp;&nbsp;Series 2025-FL17-A (1 mo. Term SOFR + 1.32%, 1.32% Floor) | 5.05 %<sup>(a)</sup> | 02/18/2040 | 14669325 |
|  | Morgan Stanley ABS Capital I, Inc. |  |  |  |
| 6500238 | &nbsp;&nbsp;Series 2024-NSTB-A | 3.90 %<sup>(a)(b)</sup> | 09/24/2057 | 6423955 |
|  | Morgan Stanley Bank of America Merrill Lynch Trust |  |  |  |
| 10785723 | &nbsp;&nbsp;Series 2012-CKSV-A2 | 3.28 %<sup>(a)</sup> | 10/15/2030 | 10391939 |
| 308463 | &nbsp;&nbsp;Series 2025-C35-A1 | 4.61% | 08/15/2058 | 310833 |
|  | Morgan Stanley Capital I, Inc. |  |  |  |
| 34143 | &nbsp;&nbsp;Series 2006-HQ10-X1 | 0.72 %<sup>(a)(b)(e)</sup> | 11/12/2041 |  |
| 53319603 | &nbsp;&nbsp;Series 2017-H1-XA | 1.29 %<sup>(b)(e)</sup> | 06/15/2050 | 666314 |
| 742549 | &nbsp;&nbsp;Series 2017-HR2-A3 | 3.33% | 12/15/2050 | 731136 |
| 7895000 | &nbsp;&nbsp;Series 2019-PLND-D (1 mo. Term SOFR + 1.86%, 1.75% Floor) | 5.62 %<sup>(a)</sup> | 05/15/2036 | 497882 |
| 11882101 | &nbsp;&nbsp;Series 2021-L6-A2 | 2.13 %<sup>(b)</sup> | 06/15/2054 | 11576914 |
|  | MTN Commercial Mortgage Trust |  |  |  |
| 1250000 | &nbsp;&nbsp;Series 2022-LPFL-A (1 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.16 %<sup>(a)</sup> | 03/15/2039 | 1249747 |
|  | Ready Capital Corp. |  |  |  |
| 983422 | &nbsp;&nbsp;Series 2021-FL7-A (1 mo. Term SOFR + 1.31%, 1.20% Floor) | 5.05 %<sup>(a)</sup> | 11/25/2036 | 984671 |
| 4487493 | &nbsp;&nbsp;Series 2023-FL12-AS (1 mo. Term SOFR + 3.20%, 3.20% Floor) | 6.93 %<sup>(a)</sup> | 05/25/2038 | 4521221 |
|  | SCOTT Trust |  |  |  |
| 3290000 | &nbsp;&nbsp;Series 2023-SFS-AS | 6.20 %<sup>(a)</sup> | 03/10/2040 | 3350230 |
|  | SFO Commercial Mortgage Trust |  |  |  |
| 8333000 | &nbsp;&nbsp;Series 2021-555-A (1 mo. Term SOFR + 1.26%, 1.15% Floor) | 5.01 %<sup>(a)</sup> | 05/15/2038 | 8321115 |
|  | SREIT Trust |  |  |  |
| 8462233 | &nbsp;&nbsp;Series 2021-MFP-A (1 mo. Term SOFR + 0.85%, 0.73% Floor) | 4.60 %<sup>(a)</sup> | 11/15/2038 | 8460442 |
| 7480000 | &nbsp;&nbsp;Series 2021-MFP2-B (1 mo. Term SOFR + 1.29%, 1.17% Floor) | 5.04 %<sup>(a)</sup> | 11/15/2036 | 7479823 |
|  | Starwood Property Trust, Inc. |  |  |  |
| 5570318 | &nbsp;&nbsp;Series 2021-FL2-A (1 mo. Term SOFR + 1.31%, 1.20% Floor) | 5.05 %<sup>(a)</sup> | 04/18/2038 | 5577515 |
| 5293640 | &nbsp;&nbsp;Series 2022-FL3-A (30 day avg SOFR US + 1.35%, 1.35% Floor) | 5.33 %<sup>(a)</sup> | 11/15/2038 | 5300231 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | TPG Real Estate Finance Issuer Ltd. |  |  |  |
| 4945346 | &nbsp;&nbsp;Series 2022-FL5-A (1 mo. Term SOFR + 1.65%, 1.65% Floor) | 5.39 %<sup>(a)</sup> | 02/15/2039 | 4951503 |
| 12289000 | &nbsp;&nbsp;Series 2022-FL5-AS (1 mo. Term SOFR + 2.15%, 2.15% Floor) | 5.89 %<sup>(a)</sup> | 02/15/2039 | 12295685 |
| 10080000 | &nbsp;&nbsp;Series 2025-FL6-A (1 mo. Term SOFR + 1.54%, 1.54% Floor) | 5.27 %<sup>(a)</sup> | 09/18/2042 | 10113788 |
| 12710000 | &nbsp;&nbsp;Series 2025-FL7-A (1 mo. Term SOFR + 1.45%, 1.45% Floor) | 5.53 %<sup>(a)</sup> | 06/18/2043 | 12725824 |
|  | UBS Commercial Mortgage Trust |  |  |  |
| 43964157 | &nbsp;&nbsp;Series 2017-C1-XA | 1.45 %<sup>(b)(e)</sup> | 06/15/2050 | 555105 |
| 131398 | &nbsp;&nbsp;Series 2017-C2-A3 | 3.23% | 08/15/2050 | 130053 |
| 32813 | &nbsp;&nbsp;Series 2017-C2-ASB | 3.26% | 08/15/2050 | 32654 |
| 80317338 | &nbsp;&nbsp;Series 2017-C3-XA | 1.07 %<sup>(b)(e)</sup> | 08/15/2050 | 891217 |
| 983855 | &nbsp;&nbsp;Series 2018-C11-ASB | 4.12% | 06/15/2051 | 982495 |
| 368543 | &nbsp;&nbsp;Series 2018-C13-A3 | 4.07% | 10/15/2051 | 366985 |
| 91734630 | &nbsp;&nbsp;Series 2018-C8-XA | 0.81 %<sup>(b)(e)</sup> | 02/15/2051 | 1298183 |
|  | VEGAS Trust |  |  |  |
| 4758000 | &nbsp;&nbsp;Series 2024-TI-A | 5.52 %<sup>(a)</sup> | 11/10/2039 | 4824970 |
|  | Wells Fargo Commercial Mortgage Trust |  |  |  |
| 1446632 | &nbsp;&nbsp;Series 2024-5C1-A1 | 5.23% | 07/15/2057 | 1464954 |
| 2263097 | &nbsp;&nbsp;Series 2024-5C2-A1 | 5.05% | 11/15/2057 | 2286371 |
| 2925055 | &nbsp;&nbsp;Series 2025-5C3-A1 | 5.19% | 01/15/2058 | 2954862 |
| 800000 | &nbsp;&nbsp;Series 2025-AGLN-A (1 mo. Term SOFR + 1.64%, 1.64% Floor) | 5.39 %<sup>(a)</sup> | 07/15/2037 | 802298 |
|  | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $965,281,829)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $965,281,829)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $965,281,829)** | **845389282** |
| **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 14.5%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 14.5%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 14.5%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 14.5%** |  |
|  | Angel Oak Mortgage Trust LLC |  |  |  |
| 12192724 | &nbsp;&nbsp;Series 2021-7-A1 | 1.98 %<sup>(a)(b)</sup> | 10/25/2066 | 10682579 |
| 9473082 | &nbsp;&nbsp;Series 2025-10-A3 | 5.37 %<sup>(a)(f)</sup> | 09/25/2070 | 9497435 |
| 3767366 | &nbsp;&nbsp;Series 2025-7-A1 | 5.51 %<sup>(a)(f)</sup> | 06/25/2070 | 3807079 |
|  | Arroyo Mortgage Trust |  |  |  |
| 3011196 | &nbsp;&nbsp;Series 2019-3-A2 | 3.21 %<sup>(a)(b)</sup> | 10/25/2048 | 2910186 |
| 1627399 | &nbsp;&nbsp;Series 2019-3-A3 | 3.42 %<sup>(a)(b)</sup> | 10/25/2048 | 1573533 |
|  | Banc of America Mortgage Securities, Inc. |  |  |  |
| 201961 | &nbsp;&nbsp;Series 2005-E-2A1 | 5.32 %<sup>(b)</sup> | 06/25/2035 | 185290 |
|  | Banco Santander SA |  |  |  |
| 474757 | &nbsp;&nbsp;Series 2025-NQM4-A3 | 5.76 %<sup>(a)(f)</sup> | 07/25/2065 | 477259 |
| 5522649 | &nbsp;&nbsp;Series 2025-NQM5-A3 | 5.47 %<sup>(a)(f)</sup> | 08/25/2065 | 5529896 |
| 4102037 | &nbsp;&nbsp;Series 2025-NQM6-A3 | 5.44 %<sup>(a)(f)</sup> | 11/25/2065 | 4107756 |
|  | Barclays Mortgage Loan Trust |  |  |  |
| 1089144 | &nbsp;&nbsp;Series 2025-NQM3-A1 | 5.64 %<sup>(a)(b)</sup> | 05/25/2065 | 1097252 |
| 7854962 | &nbsp;&nbsp;Series 2025-NQM3-A3 | 5.95 %<sup>(a)(f)</sup> | 05/25/2065 | 7938558 |
|  | BCAP LLC Trust |  |  |  |
| 391612 | &nbsp;&nbsp;Series 2011-RR1-8A3 | 5.86 %<sup>(a)(b)</sup> | 09/30/2056 | 273671 |
|  | Bear Stearns Asset Backed Securities Trust |  |  |  |
| 153963 | &nbsp;&nbsp;Series 2004-AC2-2A | 5.00% | 05/25/2034 | 127143 |
|  | BRAVO Residential Funding Trust |  |  |  |
| 1507438 | &nbsp;&nbsp;Series 2020-RPL1-A1 | 2.50 %<sup>(a)(b)</sup> | 05/26/2059 | 1488690 |
| 5599510 | &nbsp;&nbsp;Series 2022-RPL1-A1 | 2.75 %<sup>(a)(b)</sup> | 09/25/2061 | 5170872 |
|  | Carrington Mortgage Loan Trust |  |  |  |
| 1244548 | &nbsp;&nbsp;Series 2006-NC3-A3 (1 mo. Term SOFR + 0.41%, 0.30% Floor, 12.50% Cap) | 4.15% | 08/25/2036 | 1211728 |
|  | Chase Funding Mortgage Loan Asset-Backed Certificates |  |  |  |
| 869200 | &nbsp;&nbsp;Series 2004-2-1A5 | 6.20 %<sup>(f)</sup> | 02/26/2035 | 867414 |
|  | Citigroup Mortgage Loan Trust, Inc. |  |  |  |
| 182853 | &nbsp;&nbsp;Series 2006-AR1-2A1 (1 yr. CMT Rate + 2.40%, 2.40% Floor, 9.87% Cap) | 6.05% | 03/25/2036 | 185833 |
| 1151008 | &nbsp;&nbsp;Series 2020-EXP1-A1A | 1.80 %<sup>(a)(b)</sup> | 05/25/2060 | 1090937 |
|  | COLT Funding LLC |  |  |  |
| 3397631 | &nbsp;&nbsp;Series 2021-1R-A1 | 0.86 %<sup>(a)(b)</sup> | 05/25/2065 | 3117213 |
| 3678264 | &nbsp;&nbsp;Series 2021-5-A1 | 1.73 %<sup>(a)(b)</sup> | 11/26/2066 | 3353777 |
| 11392677 | &nbsp;&nbsp;Series 2021-RPL1-A1 | 1.67 %<sup>(a)(b)</sup> | 09/25/2061 | 10568201 |
| 1998585 | &nbsp;&nbsp;Series 2023-2-A1 | 6.60 %<sup>(a)(f)</sup> | 07/25/2068 | 2010140 |
| 4800000 | &nbsp;&nbsp;Series 2025-12-A3 | 5.39 %<sup>(a)(f)</sup> | 01/26/2071 | 4814141 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Countrywide Home Loan Mortgage Pass Through Trust |  |  |  |
| 162873 | &nbsp;&nbsp;Series 2004-HYB9-1A1 | 5.09 %<sup>(b)</sup> | 02/20/2035 | 162498 |
| 2935549 | &nbsp;&nbsp;Series 2005-3-1A2 (1 mo. Term SOFR + 0.69%, 0.58% Floor) | 4.43% | 04/25/2035 | 2836431 |
|  | Credit Suisse Management LLC |  |  |  |
| 26475 | &nbsp;&nbsp;Series 2005-11-5A1 | 5.25% | 06/25/2026 | 10429 |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 1220793 | &nbsp;&nbsp;Series 2021-NQM1-A2 | 0.99 %<sup>(a)(b)</sup> | 05/25/2065 | 1119614 |
| 2034655 | &nbsp;&nbsp;Series 2021-NQM1-A3 | 1.20 %<sup>(a)(b)</sup> | 05/25/2065 | 1874549 |
| 6099389 | &nbsp;&nbsp;Series 2021-NQM5-A3 | 1.35 %<sup>(a)(b)</sup> | 05/25/2066 | 5257738 |
| 3985745 | &nbsp;&nbsp;Series 2021-RPL4-A1 | 4.15 %<sup>(a)(b)</sup> | 12/27/2060 | 3973342 |
| 14604667 | &nbsp;&nbsp;Series 2022-NQM1-A1 | 2.27 %<sup>(a)(b)</sup> | 11/25/2066 | 13413902 |
| 2374009 | &nbsp;&nbsp;Series 2022-NQM5-A1 | 5.17 %<sup>(a)(b)</sup> | 05/25/2067 | 2374172 |
| 7100611 | &nbsp;&nbsp;Series 2022-RPL4-A1 | 3.90 %<sup>(a)(b)</sup> | 04/25/2062 | 6844958 |
|  | Cross Mortgage Trust |  |  |  |
| 2495384 | &nbsp;&nbsp;Series 2024-H1-A1 | 6.09 %<sup>(a)(f)</sup> | 12/25/2068 | 2516950 |
| 10789501 | &nbsp;&nbsp;Series 2024-H5-A1 | 5.85 %<sup>(a)(f)</sup> | 08/26/2069 | 10900015 |
| 6116439 | &nbsp;&nbsp;Series 2025-H3-A1 | 5.88 %<sup>(a)(b)</sup> | 04/25/2070 | 6203858 |
|  | Ellington Financial Mortgage Trust |  |  |  |
| 4000000 | &nbsp;&nbsp;Series 2025-NQM6-A3 | 5.40 %<sup>(a)(f)</sup> | 12/25/2070 | 4010720 |
|  | Fannie Mae Connecticut Avenue Securities |  |  |  |
| 2888806 | &nbsp;&nbsp;Series 2023-R08-1M1 (30 day avg SOFR US + 1.50%, 0.00% Floor) | 5.37 %<sup>(a)</sup> | 10/25/2043 | 2894445 |
| 6469275 | &nbsp;&nbsp;Series 2024-R01-1M1 (30 day avg SOFR US + 1.05%, 0.00% Floor) | 4.92 %<sup>(a)</sup> | 01/25/2044 | 6463498 |
| 6619113 | &nbsp;&nbsp;Series 2024-R02-1M1 (30 day avg SOFR US + 1.10%, 0.00% Floor) | 4.97 %<sup>(a)</sup> | 02/25/2044 | 6616809 |
| 1936991 | &nbsp;&nbsp;Series 2025-R04-1A1 (30 day avg SOFR US + 1.00%, 0.00% Floor) | 4.87 %<sup>(a)</sup> | 05/25/2045 | 1939846 |
|  | First Horizon Asset Securities, Inc. |  |  |  |
| 1584168 | &nbsp;&nbsp;Series 2007-AR2-1A1 | 6.56 %<sup>(b)</sup> | 08/25/2037 | 333551 |
|  | Freddie Mac Structured Agency Credit Risk Debt Notes |  |  |  |
| 610972 | &nbsp;&nbsp;Series 2022-DNA2-M1A (30 day avg SOFR US + 1.30%, 0.00% Floor) | 5.17 %<sup>(a)</sup> | 02/25/2042 | 611269 |
| 11146134 | &nbsp;&nbsp;Series 2024-DNA1-M1 (30 day avg SOFR US + 1.35%, 0.00% Floor) | 5.22 %<sup>(a)</sup> | 02/25/2044 | 11153678 |
| 5295557 | &nbsp;&nbsp;Series 2024-DNA2-M1 (30 day avg SOFR US + 1.20%, 0.00% Floor) | 5.07 %<sup>(a)</sup> | 05/25/2044 | 5304703 |
| 226910 | &nbsp;&nbsp;Series 2024-DNA3-M1 (30 day avg SOFR US + 1.00%, 0.00% Floor) | 4.87 %<sup>(a)</sup> | 10/25/2044 | 226849 |
| 11373465 | &nbsp;&nbsp;Series 2024-HQA2-M1 (30 day avg SOFR US + 1.20%, 0.00% Floor) | 5.07 %<sup>(a)</sup> | 08/25/2044 | 11385689 |
| 14177392 | &nbsp;&nbsp;Series 2025-DNA1-M1 (30 day avg SOFR US + 1.05%, 0.00% Floor) | 4.92 %<sup>(a)</sup> | 01/25/2045 | 14184653 |
| 18800000 | &nbsp;&nbsp;Series 2025-HQA1-A1 (30 day avg SOFR US + 0.95%, 0.00% Floor) | 4.82 %<sup>(a)</sup> | 02/25/2045 | 18797407 |
|  | GCAT |  |  |  |
| 9357261 | &nbsp;&nbsp;Series 2025-NQM1-A1 | 5.37 %<sup>(a)(f)</sup> | 11/25/2069 | 9424706 |
|  | GS Mortgage-Backed Securities Trust |  |  |  |
| 7647718 | &nbsp;&nbsp;Series 2025-NQM3-A3 | 5.49 %<sup>(a)(f)</sup> | 11/25/2065 | 7690626 |
| 5657268 | &nbsp;&nbsp;Series 2025-NQM4-A3 | 5.46 %<sup>(a)(f)</sup> | 10/25/2065 | 5677979 |
| 5626572 | &nbsp;&nbsp;Series 2025-NQM5-A3 | 5.42 %<sup>(a)(f)</sup> | 07/25/2065 | 5647005 |
|  | GSR Mortgage Loan Trust |  |  |  |
| 2386641 | &nbsp;&nbsp;Series 2005-9F-2A2 | 6.00% | 01/25/2036 | 1022454 |
|  | HOMES Trust |  |  |  |
| 9600348 | &nbsp;&nbsp;Series 2023-NQM2-A1 | 6.46 %<sup>(a)(f)</sup> | 02/25/2068 | 9625812 |
| 15326429 | &nbsp;&nbsp;Series 2025-NQM2-A1 | 5.43 %<sup>(a)(f)</sup> | 02/25/2070 | 15437923 |
| 9015892 | &nbsp;&nbsp;Series 2025-NQM3-A1 | 5.63 %<sup>(a)(b)</sup> | 02/25/2070 | 9109258 |
|  | JP Morgan Alternative Loan Trust |  |  |  |
| 10604 | &nbsp;&nbsp;Series 2006-S4-A6 | 6.21 %<sup>(f)</sup> | 12/25/2036 | 12150 |
|  | JP Morgan Mortgage Trust |  |  |  |
| 3908375 | &nbsp;&nbsp;Series 2024-NQM1-A1 | 5.59 %<sup>(a)(f)</sup> | 02/25/2064 | 3942521 |
| 6641934 | &nbsp;&nbsp;Series 2025-NQM1-A1 | 5.59 %<sup>(a)(f)</sup> | 06/25/2065 | 6705375 |
| 8229530 | &nbsp;&nbsp;Series 2025-NQM2-A1 | 5.57 %<sup>(a)(b)</sup> | 09/25/2065 | 8309124 |
| 8596201 | &nbsp;&nbsp;Series 2025-NQM2-A2 | 5.77 %<sup>(a)(f)</sup> | 09/25/2065 | 8675632 |
| 11515855 | &nbsp;&nbsp;Series 2025-NQM2-A3 | 5.92 %<sup>(a)(f)</sup> | 09/25/2065 | 11618350 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 16116660 | &nbsp;&nbsp;Series 2025-NQM4-A3 | 5.26 %<sup>(a)(f)</sup> | 03/25/2066 | 16110634 |
| 7398669 | &nbsp;&nbsp;Series 2025-VIS3-A3 | 5.57 %<sup>(a)(f)</sup> | 02/25/2066 | 7433733 |
|  | Legacy Mortgage Asset Trust |  |  |  |
| 778881 | &nbsp;&nbsp;Series 2021-GS1-A1 | 5.89 %<sup>(a)(f)</sup> | 10/25/2066 | 779666 |
| 8084439 | &nbsp;&nbsp;Series 2021-GS2-A1 | 5.75 %<sup>(a)(f)</sup> | 04/25/2061 | 8093268 |
| 14967389 | &nbsp;&nbsp;Series 2021-GS3-A1 | 5.75 %<sup>(a)(f)</sup> | 07/25/2061 | 14979515 |
| 18639579 | &nbsp;&nbsp;Series 2021-GS4-A1 | 5.65 %<sup>(a)(f)</sup> | 11/25/2060 | 18667840 |
|  | Mastr Adjustable Rate Mortgages Trust |  |  |  |
| 1729688 | &nbsp;&nbsp;Series 2006-2-2A1 | 6.63 %<sup>(b)</sup> | 04/25/2036 | 784686 |
|  | MFRA Trust |  |  |  |
| 7446051 | &nbsp;&nbsp;Series 2021-NQM2-A1 | 1.03 %<sup>(a)(b)</sup> | 11/25/2064 | 6618927 |
| 966551 | &nbsp;&nbsp;Series 2021-NQM2-A2 | 1.32 %<sup>(a)(b)</sup> | 11/25/2064 | 865840 |
| 8311898 | &nbsp;&nbsp;Series 2025-NQM4-A3 | 5.69 %<sup>(a)(f)</sup> | 08/25/2070 | 8357442 |
|  | MLCC Mortgage Investors, Inc. |  |  |  |
| 142874 | &nbsp;&nbsp;Series 2005-3-2A | 5.27 %<sup>(b)</sup> | 11/25/2035 | 139856 |
|  | Morgan Stanley Mortgage Loan Trust |  |  |  |
| 7105 | &nbsp;&nbsp;Series 2004-1-1A1 | 5.00% | 11/25/2033 | 5084 |
|  | Morgan Stanley Residential Mortgage Loan Trust |  |  |  |
| 5107726 | &nbsp;&nbsp;Series 2025-NQM8-A3 | 5.42 %<sup>(a)(f)</sup> | 09/25/2070 | 5127414 |
|  | New Residential Mortgage Loan Trust |  |  |  |
| 5316176 | &nbsp;&nbsp;Series 2024-NQM1-A1 | 6.13 %<sup>(a)(f)</sup> | 03/25/2064 | 5375348 |
|  | OBX Trust |  |  |  |
| 7293999 | &nbsp;&nbsp;Series 2024-NQM5-A1 | 5.99 %<sup>(a)(f)</sup> | 01/25/2064 | 7361868 |
|  | Onslow Bay Mortgage Loan Trust |  |  |  |
| 785451 | &nbsp;&nbsp;Series 2018-1-A2 (1 mo. Term SOFR + 0.76%, 0.00% Floor) | 4.50 %<sup>(a)</sup> | 06/25/2057 | 770867 |
| 8183670 | &nbsp;&nbsp;Series 2022-NQM1-A1 | 2.31 %<sup>(a)(b)</sup> | 11/25/2061 | 7424113 |
| 2061198 | &nbsp;&nbsp;Series 2022-NQM7-A1 | 5.11 %<sup>(a)(f)</sup> | 08/25/2062 | 2061133 |
| 5550480 | &nbsp;&nbsp;Series 2023-NQM5-A1A | 6.57 %<sup>(a)(f)</sup> | 06/25/2063 | 5582864 |
| 15453791 | &nbsp;&nbsp;Series 2024-NQM10-A1 | 6.18 %<sup>(a)(f)</sup> | 05/25/2064 | 15649133 |
| 13111679 | &nbsp;&nbsp;Series 2024-NQM11-A1 | 5.88 %<sup>(a)(f)</sup> | 06/25/2064 | 13246970 |
| 8747580 | &nbsp;&nbsp;Series 2024-NQM12-A1 | 5.48 %<sup>(a)(f)</sup> | 07/25/2064 | 8825833 |
| 10006932 | &nbsp;&nbsp;Series 2024-NQM13-A1 | 5.12 %<sup>(a)</sup> | 06/25/2064 | 10033280 |
| 11048752 | &nbsp;&nbsp;Series 2024-NQM16-A1 | 5.53 %<sup>(a)(f)</sup> | 10/25/2064 | 11135873 |
| 17793004 | &nbsp;&nbsp;Series 2024-NQM18-A1 | 5.41 %<sup>(a)(b)</sup> | 10/25/2064 | 17909022 |
| 4199149 | &nbsp;&nbsp;Series 2024-NQM18-A2 | 5.66 %<sup>(a)(f)</sup> | 10/25/2064 | 4222577 |
| 6494171 | &nbsp;&nbsp;Series 2024-NQM4-A1 | 6.07 %<sup>(a)(f)</sup> | 01/25/2064 | 6554485 |
| 18632455 | &nbsp;&nbsp;Series 2025-NQM14-A3 | 5.62 %<sup>(a)(f)</sup> | 07/25/2065 | 18741276 |
| 12293875 | &nbsp;&nbsp;Series 2025-NQM7-A1 | 5.56 %<sup>(a)(f)</sup> | 05/25/2055 | 12417621 |
| 14751593 | &nbsp;&nbsp;Series 2025-NQM8-A1 | 5.47 %<sup>(a)(f)</sup> | 03/25/2065 | 14886508 |
|  | Pretium Mortgage Credit Partners LLC |  |  |  |
| 18228875 | &nbsp;&nbsp;Series 2025-NPL2-A1 | 5.84 %<sup>(a)(f)</sup> | 03/25/2055 | 18293341 |
|  | PRPM LLC |  |  |  |
| 11626446 | &nbsp;&nbsp;Series 2024-NQM4-A1 | 5.67 %<sup>(a)(f)</sup> | 12/26/2069 | 11718123 |
| 38496364 | &nbsp;&nbsp;Series 2025-NQM2-A1 | 5.69 %<sup>(a)(f)</sup> | 04/25/2070 | 38821573 |
| 14841427 | &nbsp;&nbsp;Series 2025-NQM5-A1 | 5.18 %<sup>(a)(b)</sup> | 10/25/2070 | 14881791 |
| 5700000 | &nbsp;&nbsp;Series 2025-NQM6-A3 | 5.34 %<sup>(a)(f)</sup> | 12/25/2070 | 5720246 |
|  | Securitized Asset Backed Receivables LLC |  |  |  |
| 3197255 | &nbsp;&nbsp;Series 2006-NC1-A3 (1 mo. Term SOFR + 0.65%, 0.54% Floor) | 4.39% | 03/25/2036 | 2990452 |
|  | Starwood Mortgage Residential Trust |  |  |  |
| 230965 | &nbsp;&nbsp;Series 2020-3-A1 | 1.49 %<sup>(a)(b)</sup> | 04/25/2065 | 226473 |
| 20139848 | &nbsp;&nbsp;Series 2021-5-A1 | 1.92 %<sup>(a)(b)</sup> | 09/25/2066 | 17631831 |
|  | Structured Asset Securities Corp. |  |  |  |
| 29290 | &nbsp;&nbsp;Series 2003-24A-1A3 | 6.50 %<sup>(b)</sup> | 07/25/2033 | 29346 |
|  | Terwin Mortgage Trust |  |  |  |
| 275292 | &nbsp;&nbsp;Series 2003-4HE-M1 (1 mo. Term SOFR + 1.24%, 1.13% Floor) | 4.97% | 09/25/2034 | 319649 |
|  | Velocity Commercial Capital Loan Trust |  |  |  |
| 1209451 | &nbsp;&nbsp;Series 2019-2-A | 3.13 %<sup>(a)(b)</sup> | 07/25/2049 | 1174229 |
| 3880940 | &nbsp;&nbsp;Series 2021-1-M1 | 1.79 %<sup>(a)(b)</sup> | 05/25/2051 | 3261326 |
| 14815153 | &nbsp;&nbsp;Series 2021-2-A | 1.52 %<sup>(a)(b)</sup> | 08/25/2051 | 12863856 |
| 3473996 | &nbsp;&nbsp;Series 2021-2-M1 | 1.82 %<sup>(a)(b)</sup> | 08/25/2051 | 2879921 |
| 11560482 | &nbsp;&nbsp;Series 2024-5-A | 5.49 %<sup>(a)(b)</sup> | 10/25/2054 | 11618455 |
| 20077061 | &nbsp;&nbsp;Series 2025-4-A | 5.19 %<sup>(a)(b)</sup> | 09/25/2055 | 20079635 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Vericrest Opportunity Loan Transferee |  |  |  |
| 3255371 | &nbsp;&nbsp;Series 2021-NP11-A1 | 5.87 %<sup>(a)(f)</sup> | 08/25/2051 | 3257503 |
| 1211954 | &nbsp;&nbsp;Series 2021-NPL9-A1 | 5.99 %<sup>(a)(f)</sup> | 05/25/2051 | 1212718 |
|  | Verus Securitization Trust |  |  |  |
| 6349330 | &nbsp;&nbsp;Series 2021-4-A3 | 1.35 %<sup>(a)(b)</sup> | 07/25/2066 | 5438079 |
| 5932913 | &nbsp;&nbsp;Series 2021-7-A1 | 2.83 %<sup>(a)(f)</sup> | 10/25/2066 | 5460746 |
| 10599979 | &nbsp;&nbsp;Series 2023-4-A1 | 5.81 %<sup>(a)(f)</sup> | 05/25/2068 | 10610961 |
| 11303526 | &nbsp;&nbsp;Series 2024-3-A1 | 6.34 %<sup>(a)(f)</sup> | 04/25/2069 | 11439192 |
| 3239749 | &nbsp;&nbsp;Series 2024-6-A1 | 5.80 %<sup>(a)(f)</sup> | 07/25/2069 | 3269332 |
| 20924738 | &nbsp;&nbsp;Series 2024-9-A1 | 5.44 %<sup>(a)(b)</sup> | 11/25/2069 | 21082441 |
| 5440441 | &nbsp;&nbsp;Series 2024-9-A2 | 5.69 %<sup>(a)(f)</sup> | 11/25/2069 | 5477084 |
| 4164197 | &nbsp;&nbsp;Series 2025-1-A1 | 5.62 %<sup>(a)(b)</sup> | 01/25/2070 | 4205859 |
| 5341694 | &nbsp;&nbsp;Series 2025-10-A2 | 5.21 %<sup>(a)(f)</sup> | 06/25/2070 | 5358607 |
| 14737124 | &nbsp;&nbsp;Series 2025-11-A3 | 5.27 %<sup>(a)(f)</sup> | 11/25/2070 | 14746082 |
| 35042538 | &nbsp;&nbsp;Series 2025-4-A1 | 5.45 %<sup>(a)(f)</sup> | 05/25/2070 | 35381673 |
| 17236477 | &nbsp;&nbsp;Series 2025-5-A1 | 5.43 %<sup>(a)(f)</sup> | 06/25/2070 | 17387172 |
| 11327780 | &nbsp;&nbsp;Series 2025-6-A1 | 5.42 %<sup>(a)(f)</sup> | 07/25/2070 | 11431398 |
| 2607084 | &nbsp;&nbsp;Series 2025-8-A3 | 5.22 %<sup>(a)(f)</sup> | 09/25/2070 | 2608315 |
| 19562008 | &nbsp;&nbsp;Series 2025-9-A3 | 5.34 %<sup>(a)(f)</sup> | 10/27/2070 | 19644325 |
|  | WaMu Mortgage Pass Through Certificates |  |  |  |
| 86462 | &nbsp;&nbsp;Series 2002-AR16-A | 6.08 %<sup>(b)</sup> | 12/25/2032 | 84132 |
|  | Wells Fargo Mortgage Backed Securities Trust |  |  |  |
| 159772 | &nbsp;&nbsp;Series 2007-7-A36 | 6.00% | 06/25/2037 | 149670 |
|  | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $931,528,702)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $931,528,702)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $931,528,702)** | **917315283** |
| **US CORPORATE BONDS - 11.2%** | **US CORPORATE BONDS - 11.2%** | **US CORPORATE BONDS - 11.2%** |  |  |
| 3670000 | AbbVie, Inc. | 4.88% | 03/15/2030 | 3782014 |
| 2437000 | Agree LP | 2.90% | 10/01/2030 | 2284389 |
| 4055000 | Aircastle Ltd. / Aircastle Ireland DAC | 5.25 %<sup>(a)</sup> | 03/15/2030 | 4145053 |
| 1646000 | Altria Group, Inc. | 6.20% | 11/01/2028 | 1740325 |
| 2719000 | Altria Group, Inc. | 4.50% | 08/06/2030 | 2741603 |
| 9868000 | American Electric Power Co., Inc. | 5.20% | 01/15/2029 | 10174214 |
| 7393000 | American Express Co.<br> (SOFR + 1.26%) | 4.73% | 04/25/2029 | 7508220 |
| 3202000 | American Homes 4 Rent LP | 4.25% | 02/15/2028 | 3211110 |
| 16054000 | American Tower Corp. | 4.90% | 03/15/2030 | 16403240 |
| 5196000 | Amrize Finance US LLC | 4.70% | 04/07/2028 | 5260756 |
| 5784000 | AppLovin Corp. | 5.13% | 12/01/2029 | 5934763 |
| 6572000 | Arrow Electronics, Inc. | 5.15% | 08/21/2029 | 6731352 |
| 7836000 | Athene Global Funding<br> (SOFR + 0.85%) | 4.74 %<sup>(a)</sup> | 05/08/2026 | 7848140 |
| 3296000 | Athene Global Funding | 4.72 %<sup>(a)</sup> | 10/08/2029 | 3301565 |
| 5231000 | Athene Global Funding | 5.03 %<sup>(a)</sup> | 07/17/2030 | 5273263 |
| 4870000 | Atlassian Corp. | 5.25% | 05/15/2029 | 5012072 |
| 1088000 | Avery Dennison Corp. | 4.88% | 12/06/2028 | 1111545 |
| 1283000 | Aviation Capital Group LLC | 6.25 %<sup>(a)</sup> | 04/15/2028 | 1333692 |
| 10884000 | Aviation Capital Group LLC | 4.80 %<sup>(a)</sup> | 10/24/2030 | 10893935 |
| 3546000 | Bank of America Corp.<br> (3 mo. Term SOFR + 1.32%) | 3.56% | 04/23/2027 | 3539858 |
| 9928000 | Bank of America Corp.<br> (SOFR + 0.83%) | 4.98% | 01/24/2029 | 10114774 |
| 4522000 | Biogen, Inc. | 5.05% | 01/15/2031 | 4668018 |
| 3772000 | Black Hills Corp. | 4.55% | 01/31/2031 | 3774496 |
| 2998000 | Boardwalk Pipelines LP | 4.45% | 07/15/2027 | 3010211 |
| 2705000 | Broadcom, Inc. | 5.05% | 07/12/2029 | 2785738 |
| 2834000 | Broadcom, Inc. | 4.35% | 02/15/2030 | 2853450 |
| 2929000 | Broadcom, Inc. | 4.20% | 10/15/2030 | 2927615 |
| 1433000 | Brown & Brown, Inc. | 4.70% | 06/23/2028 | 1450659 |
| 1672000 | Brown & Brown, Inc. | 4.50% | 03/15/2029 | 1680270 |
| 2556000 | Campbell's Co. | 5.20% | 03/19/2027 | 2590213 |
| 4832000 | Cardinal Health, Inc. | 5.13% | 02/15/2029 | 4978107 |
| 3055000 | CenterPoint Energy, Inc. | 5.40% | 06/01/2029 | 3165081 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 2677000 | Charles Schwab Corp.<br> (SOFR + 1.05%) | 4.91% | 03/03/2027 | 2695506 |
| 4609000 | Cheniere Energy Partners LP | 4.50% | 10/01/2029 | 4620098 |
| 6326000 | Cheniere Energy, Inc. | 4.63% | 10/15/2028 | 6317494 |
| 8670000 | Citibank NA | 4.58% | 05/29/2027 | 8761462 |
| 5307000 | Citigroup, Inc.<br> (SOFR + 0.87%) | 4.79% | 03/04/2029 | 5383740 |
| 11344000 | Citigroup, Inc.<br> (SOFR + 1.34%) | 4.54% | 09/19/2030 | 11441652 |
| 1640000 | CNA Financial Corp. | 3.90% | 05/01/2029 | 1625001 |
| 6930000 | Corebridge Global Funding | 5.75 %<sup>(a)</sup> | 07/02/2026 | 6993334 |
| 664000 | Coterra Energy, Inc. | 3.90% | 05/15/2027 | 661899 |
| 426000 | Coterra Energy, Inc. | 4.38% | 03/15/2029 | 427674 |
| 5512000 | CRH SMW Finance DAC | 5.13% | 01/09/2030 | 5684875 |
| 4408000 | CubeSmart LP | 4.38% | 02/15/2029 | 4425188 |
| 2952000 | Darden Restaurants, Inc. | 4.35% | 10/15/2027 | 2967793 |
| 1774000 | DCP Midstream Operating LP | 5.13% | 05/15/2029 | 1815290 |
| 6792000 | Dell International LLC / EMC Corp. | 4.35% | 02/01/2030 | 6799591 |
| 9277000 | Delta Air Lines, Inc. | 4.95% | 07/10/2028 | 9446264 |
| 1545000 | Devon Energy Corp. | 5.25% | 10/15/2027 | 1545107 |
| 5349000 | Dominion Energy, Inc. | 5.00% | 06/15/2030 | 5498559 |
| 5730000 | DTE Energy Co. | 5.20% | 04/01/2030 | 5914856 |
| 6076000 | Edwards Lifesciences Corp. | 4.30% | 06/15/2028 | 6120798 |
| 6286000 | Energy Transfer LP | 6.05% | 12/01/2026 | 6388872 |
| 4756000 | Energy Transfer LP | 6.10% | 12/01/2028 | 4997538 |
| 6033000 | Equifax, Inc. | 4.80% | 09/15/2029 | 6133514 |
| 2289000 | Equinix Europe 2 Financing Corp. LLC | 4.60% | 11/15/2030 | 2296431 |
| 2333000 | Essential Utilities, Inc. | 4.80% | 08/15/2027 | 2362575 |
| 267000 | Essential Utilities, Inc. | 3.57% | 05/01/2029 | 261698 |
| 9104000 | Evergy Kansas Central, Inc. | 4.70% | 03/13/2028 | 9247415 |
| 3202000 | Exelon Corp. | 5.15% | 03/15/2029 | 3293376 |
| 9511000 | Extra Space Storage LP | 5.50% | 07/01/2030 | 9910147 |
| 1921000 | FirstEnergy Transmission LLC | 4.55% | 01/15/2030 | 1937037 |
| 7710000 | Fiserv, Inc. | 4.75% | 03/15/2030 | 7750528 |
| 3305000 | Foundry JV Holdco LLC | 5.90 %<sup>(a)</sup> | 01/25/2030 | 3458448 |
| 4980000 | GATX Corp. | 4.70% | 04/01/2029 | 5039197 |
| 315000 | GATX Corp. | 4.00% | 06/30/2030 | 310874 |
| 6138000 | GE HealthCare Technologies, Inc. | 4.80% | 08/14/2029 | 6275619 |
| 2626000 | Global Payments, Inc. | 5.30% | 08/15/2029 | 2689579 |
| 4583000 | Global Payments, Inc. | 4.88% | 11/15/2030 | 4589164 |
| 4364000 | Goldman Sachs Bank USA/New York NY<br> (SOFR + 0.77%) | 4.63% | 03/18/2027 | 4369239 |
| 4688000 | Goldman Sachs Group, Inc.<br> (SOFR + 0.90%) | 4.15% | 10/21/2029 | 4687565 |
| 8010000 | Hewlett Packard Enterprise Co. | 4.05% | 09/15/2027 | 8015197 |
| 6556000 | Hewlett Packard Enterprise Co. | 4.55% | 10/15/2029 | 6595445 |
| 300000 | HSBC USA, Inc.<br> (SOFR + 0.96%) | 4.82% | 03/04/2027 | 301675 |
| 5907000 | Hyundai Capital America | 4.55 %<sup>(a)</sup> | 09/26/2029 | 5944837 |
| 3220000 | Icon Investments Six DAC | 5.81% | 05/08/2027 | 3287504 |
| 4062000 | Illumina, Inc. | 4.65% | 09/09/2026 | 4076375 |
| 12389000 | Jackson National Life Global Funding | 4.60 %<sup>(a)</sup> | 10/01/2029 | 12435203 |
| 5367000 | JPMorgan Chase & Co.<br> (SOFR + 0.92%) | 4.87% | 04/22/2028 | 5393338 |
| 9957000 | JPMorgan Chase & Co.<br> (SOFR + 0.80%) | 4.92% | 01/24/2029 | 10143503 |
| 4874000 | Kinder Morgan, Inc. | 5.00% | 02/01/2029 | 4988244 |
| 4064000 | Kyndryl Holdings, Inc. | 2.05% | 10/15/2026 | 3998574 |
| 3175000 | LPL Holdings, Inc. | 4.63 %<sup>(a)</sup> | 11/15/2027 | 3175479 |
| 2598000 | M&T Bank Corp.<br> (SOFR + 0.93%) | 4.83% | 01/16/2029 | 2639998 |
| 6042000 | Marriott International, Inc./MD | 4.80% | 03/15/2030 | 6172574 |
| 10691000 | Mars, Inc. | 4.80 %<sup>(a)</sup> | 03/01/2030 | 10927975 |
| 4723000 | Marvell Technology, Inc. | 5.75% | 02/15/2029 | 4926742 |
| 3689000 | Marvell Technology, Inc. | 4.75% | 07/15/2030 | 3738620 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 9402000 | MasTec, Inc. | 4.50 %<sup>(a)</sup> | 08/15/2028 | 9354250 |
| 6822000 | Merck Sharp & Dohme Corp. | 5.95% | 12/01/2028 | 7230386 |
| 4938000 | Meritage Homes Corp. | 5.13% | 06/06/2027 | 4973679 |
| 942000 | Meritage Homes Corp. | 3.88 %<sup>(a)</sup> | 04/15/2029 | 925594 |
| 2134000 | Meta Platforms, Inc. | 4.20% | 11/15/2030 | 2139056 |
| 1070000 | Microchip Technology, Inc. | 5.05% | 03/15/2029 | 1092302 |
| 6857000 | Molex Electronic Technologies LLC | 4.75 %<sup>(a)</sup> | 04/30/2028 | 6938894 |
| 4892000 | MPLX LP | 4.80% | 02/15/2029 | 4971118 |
| 4508000 | National Fuel Gas Co. | 5.50% | 03/15/2030 | 4656051 |
| 3465000 | National Rural Utilities Cooperative Finance Corp. | 4.75% | 02/07/2028 | 3520728 |
| 4769000 | National Rural Utilities Cooperative Finance Corp. | 4.15% | 08/25/2028 | 4795509 |
| 5493000 | National Securities Clearing Corp. | 4.70 %<sup>(a)</sup> | 05/20/2030 | 5619509 |
| 635000 | New York Life Global Funding<br> (SOFR + 0.48%) | 4.33 %<sup>(a)</sup> | 06/09/2026 | 635708 |
| 806000 | New York Life Global Funding | 4.70 %<sup>(a)</sup> | 01/29/2029 | 820825 |
| 10387000 | NextEra Energy Capital Holdings, Inc. | 4.69% | 09/01/2027 | 10516021 |
| 6053000 | NGPL PipeCo LLC | 4.88 %<sup>(a)</sup> | 08/15/2027 | 6079410 |
| 9357000 | Niagara Mohawk Power Corp. | 4.65 %<sup>(a)</sup> | 10/03/2030 | 9429662 |
| 2643000 | NiSource, Inc. | 5.25% | 03/30/2028 | 2712025 |
| 2109000 | NiSource, Inc. | 5.20% | 07/01/2029 | 2175186 |
| 5016000 | Northrop Grumman Corp. | 4.65% | 07/15/2030 | 5107354 |
| 2735000 | Omega Healthcare Investors, Inc. | 4.75% | 01/15/2028 | 2758286 |
| 4329000 | ONEOK, Inc. | 5.38% | 06/01/2029 | 4462540 |
| 4928000 | ONEOK, Inc. | 4.40% | 10/15/2029 | 4951592 |
| 2690000 | Oracle Corp. | 4.45% | 09/26/2030 | 2632328 |
| 2982000 | O'Reilly Automotive, Inc. | 5.75% | 11/20/2026 | 3023096 |
| 575000 | Pacific Life Global Funding II<br> (SOFR + 0.62%) | 4.48 %<sup>(a)</sup> | 06/04/2026 | 575972 |
| 2667000 | Paychex, Inc. | 5.10% | 04/15/2030 | 2747006 |
| 3200000 | PayPal Holdings, Inc. | 4.45% | 03/06/2028 | 3239376 |
| 9616000 | Penske Truck Leasing Co. LP / PTL Finance Corp. | 5.25 %<sup>(a)</sup> | 02/01/2030 | 9905391 |
| 4869000 | Phillips Edison Grocery Center Operating Partnership I LP | 2.63% | 11/15/2031 | 4372628 |
| 1251000 | Pinnacle West Capital Corp. | 4.90% | 05/15/2028 | 1274623 |
| 4601000 | Public Service Enterprise Group, Inc. | 5.85% | 11/15/2027 | 4748151 |
| 5212000 | Public Service Enterprise Group, Inc. | 5.88% | 10/15/2028 | 5445780 |
| 6126000 | Quanta Services, Inc. | 4.75% | 08/09/2027 | 6204497 |
| 4497000 | Quanta Services, Inc. | 4.50% | 01/15/2031 | 4508849 |
| 4317000 | Rentokil Terminix Funding LLC | 5.00 %<sup>(a)</sup> | 04/28/2030 | 4394079 |
| 9102000 | Republic Services, Inc. | 4.75% | 07/15/2030 | 9323393 |
| 1403000 | Roper Technologies, Inc. | 4.25% | 09/15/2028 | 1408286 |
| 353000 | Ryder System, Inc. | 5.25% | 06/01/2028 | 362736 |
| 3681000 | Ryder System, Inc. | 4.30% | 12/01/2030 | 3666385 |
| 2615000 | Sherwin-Williams Co. | 4.55% | 03/01/2028 | 2646993 |
| 4633000 | Sherwin-Williams Co. | 4.30% | 08/15/2028 | 4662735 |
| 1855000 | Solventum Corp. | 5.45% | 02/25/2027 | 1882425 |
| 3227000 | Sonoco Products Co. | 4.45% | 09/01/2026 | 3234199 |
| 1542000 | Southern Co. Gas Capital Corp. | 4.05% | 09/15/2028 | 1542917 |
| 3739000 | Southern Power Co. | 4.25% | 10/01/2030 | 3730842 |
| 2479000 | Sun Communities Operating LP | 2.30% | 11/01/2028 | 2359870 |
| 4959000 | Sysco Corp. | 5.10% | 09/23/2030 | 5122530 |
| 7851000 | Targa Resources Partners LP / Targa Resources Partners Finance Corp. | 6.88% | 01/15/2029 | 7944707 |
| 7985000 | Targa Resources Partners LP / Targa Resources Partners Finance Corp. | 5.50% | 03/01/2030 | 8110749 |
| 8225000 | Truist Financial Corp.<br> (SOFR + 2.45%) | 7.16% | 10/30/2029 | 8874513 |
| 2475000 | Uber Technologies, Inc. | 4.15% | 01/15/2031 | 2467143 |
| 3165000 | Veralto Corp. | 5.50% | 09/18/2026 | 3192832 |
| 2729000 | Veralto Corp. | 5.35% | 09/18/2028 | 2814634 |
| 2503000 | Verisk Analytics, Inc. | 4.50% | 08/15/2030 | 2523071 |
| 6348000 | VICI Properties LP / VICI Note Co., Inc. | 4.25 %<sup>(a)</sup> | 12/01/2026 | 6348753 |
| 9607000 | Wells Fargo & Co.<br> (SOFR + 1.07%) | 5.02% | 04/22/2028 | 9662882 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 4677000 | Wells Fargo & Co.<br> (SOFR + 1.79%) | 6.30% | 10/23/2029 | 4942982 |
| 865000 | Western Midstream Operating LP | 6.35% | 01/15/2029 | 910601 |
| 5771000 | Western Midstream Operating LP | 4.05% | 02/01/2030 | 5656307 |
| 6042000 | Williams Cos., Inc. | 4.80% | 11/15/2029 | 6167671 |
| 3921000 | Zimmer Biomet Holdings, Inc. | 4.70% | 02/19/2027 | 3954805 |
| 5755000 | Zimmer Biomet Holdings, Inc. | 5.05% | 02/19/2030 | 5937503 |
|  | **Total US Corporate Bonds (Cost $701,959,883)** | **Total US Corporate Bonds (Cost $701,959,883)** | **Total US Corporate Bonds (Cost $701,959,883)** | **712525946** |
| **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 5.2%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 5.2%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 5.2%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 5.2%** |  |
|  | Federal Home Loan Mortgage Corp. |  |  |  |
| 332613 | &nbsp;&nbsp;Pool 840632 (1 yr. RFUCCT + 1.62%, 1.62% Floor, 7.61% Cap) | 6.47% | 05/01/2045 | 346565 |
| 78967 | &nbsp;&nbsp;Pool N70081 | 5.50% | 07/01/2038 | 80658 |
| 6649559 | &nbsp;&nbsp;Pool RA8419 | 6.00% | 01/01/2053 | 6911682 |
| 7024698 | &nbsp;&nbsp;Pool SD5219 | 6.00% | 04/01/2054 | 7302701 |
| 3456654 | &nbsp;&nbsp;Pool SD6509 | 6.00% | 08/01/2054 | 3553988 |
| 3155318 | &nbsp;&nbsp;Pool SD6815 | 6.00% | 04/01/2054 | 3249194 |
| 5666647 | &nbsp;&nbsp;Pool SD8342 | 5.50% | 07/01/2053 | 5765673 |
| 6817722 | &nbsp;&nbsp;Pool SL0105 | 5.00% | 06/01/2053 | 6836175 |
| 9486442 | &nbsp;&nbsp;Pool SL0223 | 5.50% | 02/01/2055 | 9709798 |
| 5715448 | &nbsp;&nbsp;Pool SL0536 | 5.50% | 02/01/2055 | 5836773 |
| 13907702 | &nbsp;&nbsp;Pool SL1712 | 6.00% | 12/01/2054 | 14424606 |
| 3143925 | &nbsp;&nbsp;Series 276-F5 (30 day avg SOFR US + 0.61%, 0.50% Floor, 6.50% Cap) | 4.60% | 09/15/2042 | 3114842 |
| 2061587 | &nbsp;&nbsp;Series 339-F5 (30 day avg SOFR US + 0.56%, 0.45% Floor, 6.50% Cap) | 4.55% | 11/15/2044 | 2035310 |
| 8576 | &nbsp;&nbsp;Series 3872-BA | 4.00% | 06/15/2041 | 8508 |
| 3709931 | &nbsp;&nbsp;Series 4068-UF (30 day avg SOFR US + 0.61%, 0.50% Floor, 6.50% Cap) | 4.60% | 06/15/2042 | 3696490 |
| 3823 | &nbsp;&nbsp;Series 4203-NB | 2.00% | 10/15/2040 | 3815 |
| 2235522 | &nbsp;&nbsp;Series 4878-FA (30 day avg SOFR US + 0.51%, 0.40% Floor, 6.50% Cap) | 4.50% | 05/15/2049 | 2207663 |
| 1695477 | &nbsp;&nbsp;Series 4939-CF (30 day avg SOFR US + 0.61%, 0.50% Floor, 6.50% Cap) | 4.49% | 12/25/2049 | 1675291 |
| 3151336 | &nbsp;&nbsp;Series 4987-BF (30 day avg SOFR US + 0.51%, 0.40% Floor, 6.50% Cap) | 4.39% | 06/25/2050 | 3103727 |
| 7091298 | &nbsp;&nbsp;Series 5475-FG (30 day avg SOFR US + 1.15%, 1.15% Floor, 6.50% Cap) | 5.02% | 11/25/2054 | 7113551 |
| 6283908 | &nbsp;&nbsp;Series 5480-FD (30 day avg SOFR US + 1.35%, 1.35% Floor, 6.50% Cap) | 5.22% | 03/25/2054 | 6328072 |
| 7542843 | &nbsp;&nbsp;Series 5524-AF (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% | 04/25/2055 | 7513671 |
| 9105853 | &nbsp;&nbsp;Series 5536-FD (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% | 05/25/2054 | 9140991 |
| 11152281 | &nbsp;&nbsp;Series 5596-FH (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.00% Cap) | 5.07% | 11/25/2055 | 11168557 |
| 9750922 | &nbsp;&nbsp;Series 5598-DF (30 day avg SOFR US + 1.25%, 1.25% Floor, 6.00% Cap) | 5.12% | 11/25/2055 | 9775972 |
| 11332846 | &nbsp;&nbsp;Series 5600-FA (30 day avg SOFR US + 1.30%, 1.30% Floor, 6.00% Cap) | 5.17% | 11/25/2055 | 11374952 |
| 9357604 | &nbsp;&nbsp;Series 5612-FJ (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.00% Cap) | 5.07% | 11/25/2055 | 9408276 |
|  | Federal National Mortgage Association |  |  |  |
| 16276 | &nbsp;&nbsp;Pool AB3850 | 4.00% | 11/01/2041 | 15667 |
| 707177 | &nbsp;&nbsp;Pool AL2987 (1 yr. RFUCCT + 1.62%, 1.62% Floor, 7.31% Cap) | 6.31% | 11/01/2042 | 739027 |
| 8692 | &nbsp;&nbsp;Pool AL4292 | 4.50% | 04/01/2026 | 8696 |
| 505590 | &nbsp;&nbsp;Pool BM3520 (1 yr. RFUCCT + 1.56%, 1.56% Floor, 6.96% Cap) | 6.26% | 05/01/2045 | 527357 |
| 9567448 | &nbsp;&nbsp;Pool CB9973 | 5.50% | 02/01/2055 | 9805220 |
| 11380577 | &nbsp;&nbsp;Pool FA1444 | 5.50% | 04/01/2055 | 11559368 |
| 6686942 | &nbsp;&nbsp;Pool FS6084 | 6.00% | 10/01/2053 | 6945714 |
| 9168816 | &nbsp;&nbsp;Pool FS7622 | 5.50% | 04/01/2054 | 9387804 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
| 4180767 | &nbsp;&nbsp;Pool MA4901 | 5.00% |  | 01/01/2043 | 4261906 |
| 2538805 | &nbsp;&nbsp;Pool MA4988 | 5.00% |  | 04/01/2043 | 2584072 |
| 3234009 | &nbsp;&nbsp;Pool MA5112 | 5.00% |  | 08/01/2043 | 3257793 |
| 3756409 | &nbsp;&nbsp;Pool MA5540 | 5.50% |  | 11/01/2044 | 3880876 |
| 2900463 | &nbsp;&nbsp;Pool MA5679 | 5.50% |  | 04/01/2045 | 2964879 |
| 9018865 | &nbsp;&nbsp;Pool MA5806 | 5.50% |  | 08/01/2045 | 9193900 |
| 1687857 | &nbsp;&nbsp;Series 2010-68-FJ (30 day avg SOFR US + 0.56%, 0.45% Floor, 7.00% Cap) | 4.44% |  | 07/25/2040 | 1679480 |
| 782045 | &nbsp;&nbsp;Series 2011-134-FT (30 day avg SOFR US + 0.61%, 0.50% Floor, 6.50% Cap) | 4.49% |  | 12/25/2041 | 775853 |
| 29829 | &nbsp;&nbsp;Series 2011-64-DB | 4.00% |  | 07/25/2041 | 29435 |
| 1321429 | &nbsp;&nbsp;Series 2016-62-FB (30 day avg SOFR US + 0.51%, 0.40% Floor, 6.50% Cap) | 4.39% |  | 09/25/2046 | 1311341 |
| 3326311 | &nbsp;&nbsp;Series 2016-84-FT (30 day avg SOFR US + 0.61%, 0.50% Floor, 6.50% Cap) | 4.49% |  | 11/25/2046 | 3284915 |
| 1403915 | &nbsp;&nbsp;Series 2017-112-FC (30 day avg SOFR US + 0.46%, 0.35% Floor, 6.50% Cap) | 4.34% |  | 01/25/2048 | 1371959 |
| 6521639 | &nbsp;&nbsp;Series 2018-72-FB (30 day avg SOFR US + 0.46%, 0.35% Floor, 6.50% Cap) | 4.34% |  | 10/25/2058 | 6322454 |
| 2262319 | &nbsp;&nbsp;Series 2018-85-FE (30 day avg SOFR US + 0.41%, 0.30% Floor, 6.50% Cap) | 4.29% |  | 12/25/2048 | 2233715 |
| 4074424 | &nbsp;&nbsp;Series 2019-49-FB (30 day avg SOFR US + 0.59%, 0.48% Floor, 6.50% Cap) | 4.47% |  | 09/25/2049 | 3997461 |
| 464389 | &nbsp;&nbsp;Series 2019-M21-3A1 | 2.10% |  | 06/25/2034 | 460370 |
| 9600439 | &nbsp;&nbsp;Series 2020-M49-1A1 | 1.26 %<sup>(b)</sup> |  | 11/25/2030 | 9024758 |
| 12967172 | &nbsp;&nbsp;Series 2021-M7-A1 | 1.71 %<sup>(b)</sup> |  | 03/25/2031 | 12485550 |
| 5522272 | &nbsp;&nbsp;Series 2024-82-FH (30 day avg SOFR US + 1.15%, 1.15% Floor, 6.50% Cap) | 5.02% |  | 11/25/2054 | 5539201 |
| 13499885 | &nbsp;&nbsp;Series 2025-15-FQ (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% |  | 04/25/2055 | 13561003 |
| 7574708 | &nbsp;&nbsp;Series 2025-26-FK (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% |  | 06/25/2054 | 7605551 |
| 8324797 | &nbsp;&nbsp;Series 2025-28-FM (30 day avg SOFR US + 1.25%, 1.25% Floor, 6.50% Cap) | 5.12% |  | 04/25/2055 | 8369889 |
|  | Government National Mortgage Association |  |  |  |  |
| 3032523 | &nbsp;&nbsp;Series 2012-68-FA (1 mo. Term SOFR + 0.61%, 0.50% Floor, 6.00% Cap) | 4.35% |  | 05/20/2042 | 2995597 |
| 2181449 | &nbsp;&nbsp;Series 2013-116-WU | 3.00% |  | 12/20/2042 | 2159780 |
| 2955377 | &nbsp;&nbsp;Series 2016-16-DF (1 mo. Term SOFR + 0.41%, 0.30% Floor, 6.50% Cap) | 4.15% |  | 02/16/2046 | 2914052 |
| 3770158 | &nbsp;&nbsp;Series 2022-183-B | 5.00% |  | 04/20/2047 | 3799426 |
| 3321128 | &nbsp;&nbsp;Series 2024-25-AF (30 day avg SOFR US + 0.51%, 0.51% Floor, 6.50% Cap) | 4.54% |  | 02/20/2049 | 3142848 |
| 9629848 | &nbsp;&nbsp;Series 2025-196-QF (30 day avg SOFR US + 1.15%, 1.15% Floor, 6.00% Cap) | 5.07% |  | 11/20/2055 | 9636917 |
| 8000000 | &nbsp;&nbsp;Series 2025-207-FA (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.00% Cap) | 5.34% |  | 09/20/2054 | 8016784 |
|  | **Total US Government and Agency Mortgage Backed Obligations (Cost $325,769,439)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $325,769,439)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $325,769,439)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $325,769,439)** | **327538119** |
| **US GOVERNMENT AND AGENCY OBLIGATIONS - 26.0%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 26.0%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 26.0%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 26.0%** |  |  |
| 16953090 | United States Treasury Inflation Indexed Bonds | 2.38% |  | 01/15/2027 | 17089825 |
| 24794015 | United States Treasury Inflation Indexed Bonds | 0.13% |  | 04/15/2027 | 24349814 |
| 12530424 | United States Treasury Inflation Indexed Bonds | 1.63% |  | 10/15/2027 | 12627348 |
| 356250000 | United States Treasury Note/Bond | 0.63% |  | 03/31/2027 | 343983034 |
| 333600000 | United States Treasury Note/Bond | 0.50% |  | 06/30/2027 | 319265625 |
| 100000000 | United States Treasury Note/Bond | 3.50% |  | 10/31/2027 | 100029297 |
| 270000000 | United States Treasury Note/Bond | 0.75% |  | 01/31/2028 | 255313477 |
| 100000000 | United States Treasury Note/Bond | 3.50% |  | 11/15/2028 | 99902344 |
| 200000000 | United States Treasury Note/Bond | 3.63% |  | 10/31/2030 | 199187500 |
| 315000000 | United States Treasury Note/Bond | 0.88% |  | 11/15/2030 | 275415821 |
|  | **Total US Government and Agency Obligations (Cost $1,643,931,207)** | **Total US Government and Agency Obligations (Cost $1,643,931,207)** | **Total US Government and Agency Obligations (Cost $1,643,931,207)** | **Total US Government and Agency Obligations (Cost $1,643,931,207)** | **1647164085** |
| **SHORT TERM INVESTMENTS - 1.8%** | **SHORT TERM INVESTMENTS - 1.8%** | **SHORT TERM INVESTMENTS - 1.8%** |  |  |  |
| 38747171 | First American Government Obligations Fund - U | 3.69 %<sup>(g)</sup> |  |  | 38747171 |
| 38747172 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(g)</sup> |  |  | 38747172 |
| 38747171 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(g)</sup> |  |  | 38747171 |
|  | **Total Short Term Investments (Cost $116,241,514)** | **Total Short Term Investments (Cost $116,241,514)** | **Total Short Term Investments (Cost $116,241,514)** | **Total Short Term Investments (Cost $116,241,514)** | **116241514** |
|  | **Total Investments - 99.6% (Cost $6,427,305,066)** | **Total Investments - 99.6% (Cost $6,427,305,066)** | **Total Investments - 99.6% (Cost $6,427,305,066)** |  | **6321312244** |
|  | **Other Assets in Excess of Liabilities - 0.4%** |  |  |  | **25581655** |
|  | **NET ASSETS - 100.0%** |  |  |  | $**6346893899** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN** as a % of Net Assets: | |
| US Government and Agency Obligations | 26.0% |
| Non-Agency Residential Collateralized Mortgage Obligations | 14.5% |
| Non-Agency Commercial Mortgage Backed Obligations | 13.3% |
| Collateralized Loan Obligations | 11.4% |
| US Corporate Bonds | 11.2% |
| Asset Backed Obligations | 7.6% |
| Foreign Corporate Bonds | 6.4% |
| US Government and Agency Mortgage Backed Obligations | 5.2% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 2.2% |
| Short Term Investments | 1.8% |
| Other Assets and Liabilities | 0.4% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **INVESTMENT BREAKDOWN** as a % of Net Assets: | |
| US Government and Agency Obligations | 26.0% |
| Non-Agency Residential Collateralized Mortgage Obligations | 14.5% |
| Non-Agency Commercial Mortgage Backed Obligations | 13.3% |
| Collateralized Loan Obligations | 11.4% |
| Asset Backed Obligations | 7.6% |
| US Government and Agency Mortgage Backed Obligations | 5.2% |
| Banking | 3.7% |
| Utilities | 2.4% |
| Energy | 2.1% |
| Technology | 1.9% |
| Short Term Investments | 1.8% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 1.3% |
| Transportation | 1.2% |
| Finance | 0.9% |
| Insurance | 0.7% |
| Healthcare | 0.6% |
| Real Estate | 0.5% |
| Mining | 0.4% |
| Telecommunications | 0.4% |
| Food Products | 0.4% |
| Aerospace & Defense | 0.4% |
| Consumer Products | 0.3% |
| Construction | 0.3% |
| Industrial Equipment | 0.3% |
| Beverage and Tobacco | 0.3% |
| Pharmaceuticals | 0.2% |
| Hotels/Motels/Inns and Casinos | 0.2% |
| Chemicals/Plastics | 0.2% |
| Retailers (other than Food/Drug) | 0.2% |
| Automotive | 0.2% |
| Building and Development (including Steel/Metals) | 0.1% |
| Environmental Control | 0.1% |
| Media | 0.1% |
| Commercial Services | 0.1% |
| Diversified Manufacturing | 0.1% |
| Containers and Glass Products | 0.1% |
| Food Service | 0.1% |
| Other Assets and Liabilities | 0.4% |
| Net Assets | 100.0% |

---

**(a)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $3,008,761,265 or 47.4% of the Fund's net assets.** 

**(b)** **Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of period end.** 

**(c)** **Value determined using significant unobservable inputs.** 

**(d)** **Perpetual maturity. The date disclosed is the next call date of the security.** 

**(e)** **Interest only security** 

**(f)** **Step Bond; Coupon rate changes based on a predetermined schedule or event. The interest rate shown is the rate in effect as of period end.** 

**(g)** **Seven-day yield as of period end.** 

---

| | |
|:---|:---|
| **CMT** | **Constant Maturity Treasury Rate** |
| **RFUCCT**<br> **SOFR** | **Refinitiv USD IBOR Consumer Cash Fallbacks**<br> **Secured Overnight Financing Rate** |

---

---

| | |
|:---|:---|
| **DoubleLine Floating Rate Fund** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **BANK LOANS - 88.3%** | **BANK LOANS - 88.3%** | **BANK LOANS - 88.3%** | **BANK LOANS - 88.3%** | **BANK LOANS - 88.3%** |
| **AEROSPACE & DEFENSE - 3.3%** | **AEROSPACE & DEFENSE - 3.3%** |  |  |  |
|  | AAdvantage Loyalty IP Ltd. |  |  |  |
| 517400 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 7.13% | 05/28/2032 | 520636 |
|  | Kaman Corp. |  |  |  |
| 112262 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.32% | 02/26/2032 | 112851 |
| 92866 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.32% | 02/26/2032 | 93354 |
| 127731 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.32% | 02/26/2032 | 128402 |
| 5147 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.43% | 02/26/2032 | 5174 |
| 42577 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 42801 |
| 31059 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 31222 |
| 31134 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 31298 |
| 37546 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 37743 |
| 93091 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 93580 |
|  | Signia Aerospace LLC |  |  |  |
| 10843 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.44% | 12/11/2031 | 10896 |
| 15180 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.57% | 12/11/2031 | 15255 |
| 428307 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.57% | 12/11/2031 | 430419 |
| 350433 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.67% | 12/11/2031 | 352161 |
|  | TransDigm, Inc. |  |  |  |
| 1551113 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 08/19/2032 | 1559326 |
|  |  |  |  | 3465118 |
| **AUTOMOTIVE - 1.5%** | **AUTOMOTIVE - 1.5%** |  |  |  |
|  | American Axle & Manufacturing, Inc. |  |  |  |
| 295000 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.98% | 09/20/2032 | 295614 |
|  | Clarios Global LP |  |  |  |
| 997400 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 05/06/2030 | 999998 |
| 64838 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 01/28/2032 | 65253 |
|  | Dexko Global, Inc. |  |  |  |
| 209219 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.01%, 0.50% Floor) | 7.58% | 10/04/2028 | 208107 |
|  |  |  |  | 1568972 |
| **BUILDING AND DEVELOPMENT (INCLUDING STEEL/METALS) - 1.1%** | **BUILDING AND DEVELOPMENT (INCLUDING STEEL/METALS) - 1.1%** |  |  |  |
|  | Cornerstone Building Brands, Inc. |  |  |  |
| 380525 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 7.10% | 04/12/2028 | 300044 |
| 64188 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.50% Floor) | 8.25% | 05/15/2031 | 45841 |
|  | LBM Acquisition LLC |  |  |  |
| 322373 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.85%, 0.75% Floor) | 7.58% | 06/06/2031 | 303264 |
|  | Resideo Funding, Inc. |  |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 513713 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 08/13/2032 | 515639 |
|  |  |  |  | 1164788 |
| **BUSINESS EQUIPMENT AND SERVICES - 4.3%** | **BUSINESS EQUIPMENT AND SERVICES - 4.3%** |  |  |  |
|  | Camelot US Acquisition LLC |  |  |  |
| 410840 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 01/31/2031 | 406159 |
| 95280 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 01/31/2031 | 94194 |
| 8712 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 01/31/2031 | 8612 |
|  | CoreLogic, Inc. |  |  |  |
| 318239 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.61%, 0.50% Floor) | 7.33% | 06/02/2028 | 318961 |
|  | EAB Global, Inc. |  |  |  |
| 215050 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.92% | 08/16/2030 | 191744 |
|  | Eisner Advisory Group LLC |  |  |  |
| 637586 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.50% Floor) | 7.72% | 02/28/2031 | 642868 |
|  | Element Materials Technology Group US Holdings, Inc. |  |  |  |
| 636310 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.68%, 0.50% Floor) | 7.35% | 06/25/2029 | 642673 |
|  | Grant Thornton Advisors LLC |  |  |  |
| 642390 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 05/30/2031 | 644401 |
| 259350 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 05/30/2031 | 260693 |
|  | Ovg Business Services LLC |  |  |  |
| 800536 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 06/25/2031 | 803038 |
|  | Trans Union LLC |  |  |  |
| 315200 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 06/24/2031 | 316305 |
|  | VT Topco, Inc. |  |  |  |
| 219346 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.87% | 08/09/2030 | 216644 |
|  |  |  |  | 4546292 |
| **CHEMICALS/PLASTICS - 1.0%** | **CHEMICALS/PLASTICS - 1.0%** |  |  |  |
|  | Hexion Holdings Corp. |  |  |  |
| 258506 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.50% Floor) | 7.73% | 03/15/2029 | 249966 |
|  | INEOS US Finance LLC |  |  |  |
| 183544 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 02/19/2030 | 149417 |
|  | INEOS US Petrochem LLC |  |  |  |
| 202490 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 7.97% | 10/07/2031 | 136554 |
|  | Qnity Electronics, Inc. |  |  |  |
| 525000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.70% | 11/01/2032 | 528035 |
|  |  |  |  | 1063972 |
| **COMMERCIAL SERVICES - 6.0%** | **COMMERCIAL SERVICES - 6.0%** |  |  |  |
|  | Allied Universal Holdco LLC |  |  |  |
| 613463 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 08/20/2032 | 617392 |
|  | Ascend Learning LLC |  |  |  |
| 691098 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.72% | 12/11/2028 | 694367 |
| 104892 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.72% | 12/11/2028 | 105388 |
|  | Cengage Learning, Inc. |  |  |  |
| 230651 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 1.00% Floor) | 7.23% | 03/24/2031 | 231871 |
| 392263 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 1.00% Floor) | 7.32% | 03/24/2031 | 394338 |
|  | Enviri Corp. |  |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 406805 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.36%, 0.50% Floor) | 6.08% | 03/10/2028 | 407482 |
|  | Garda World Security Corp. |  |  |  |
| 673190 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.75% | 02/01/2029 | 676892 |
|  | GFL ES US LLC |  |  |  |
| 872813 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.27% | 03/03/2032 | 877613 |
|  | Green Infrastructure Partners, Inc. |  |  |  |
| 875000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.42% | 09/24/2032 | 878281 |
|  | OPENLANE, Inc. |  |  |  |
| 380000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.36% | 10/08/2032 | 380952 |
|  | Pinnacle Buyer LLC |  |  |  |
| 125492 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.49% | 10/01/2032 | 126120 |
|  | Vestis Corp. |  |  |  |
| 439438 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.07% | 02/24/2031 | 404832 |
|  | Wand NewCo 3, Inc. |  |  |  |
| 612575 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 01/30/2031 | 613917 |
|  |  |  |  | 6409445 |
| **CONSTRUCTION - 2.8%** | **CONSTRUCTION - 2.8%** |  |  |  |
|  | Amentum Holdings, Inc. |  |  |  |
| 610088 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 09/29/2031 | 612565 |
|  | APi Group DE, Inc. |  |  |  |
| 200000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 01/03/2029 | 200979 |
|  | Construction Partners, Inc. |  |  |  |
| 594000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 11/03/2031 | 599198 |
|  | Quikrete Holdings, Inc. |  |  |  |
| 389030 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 03/19/2029 | 390874 |
| 122822 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 04/14/2031 | 123314 |
| 505826 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 02/10/2032 | 507958 |
|  | Tecta America Corp. |  |  |  |
| 567150 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 02/18/2032 | 570028 |
|  |  |  |  | 3004916 |
| **CONSUMER PRODUCTS - 1.0%** | **CONSUMER PRODUCTS - 1.0%** |  |  |  |
|  | Hunter Douglas, Inc. |  |  |  |
| 497735 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.67% | 01/20/2032 | 501112 |
|  | Madison Safety & Flow LLC |  |  |  |
| 281126 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.23% | 09/26/2031 | 283469 |
|  | Pye-Barker Fire & Safety LLC |  |  |  |
| 265350 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.21% | 12/16/2032 | 267312 |
|  |  |  |  | 1051893 |
| **CONTAINERS AND GLASS PRODUCTS - 1.8%** | **CONTAINERS AND GLASS PRODUCTS - 1.8%** |  |  |  |
|  | Clydesdale Acquisition Holdings, Inc. |  |  |  |
| 556032 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.18%, 0.50% Floor) | 6.89% | 04/13/2029 | 557122 |
|  | Graham Packaging Co., Inc. |  |  |  |
| 695000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 08/04/2027 | 698534 |
|  | Pregis TopCo LLC |  |  |  |
| 306128 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.72% | 02/01/2029 | 309053 |
|  | Trident TPI Holdings, Inc. |  |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 417988 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.50% Floor) | 7.42% | 09/18/2028 | 402527 |
|  |  |  |  | 1967236 |
| **ELECTRONICS/ELECTRIC - 11.9%** | **ELECTRONICS/ELECTRIC - 11.9%** |  |  |  |
|  | Applied Systems, Inc. |  |  |  |
| 235000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (3 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.17% | 02/23/2032 | 239591 |
|  | Astra Acquisition Corp. |  |  |  |
| 404876 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (3 mo. Term SOFR + 9.99%, 0.75% Floor) | 17.13 %<sup>(a)</sup> | 10/25/2029 | 1715 |
|  | Asurion LLC |  |  |  |
| 220000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.36%, 0.00% Floor) | 9.08% | 01/22/2029 | 216669 |
| 245078 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 7.97% | 09/19/2030 | 245422 |
| 184075 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 8.17% | 09/19/2030 | 184233 |
|  | Boxer Parent Co., Inc. |  |  |  |
| 947838 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.82% | 07/30/2031 | 946487 |
| 202032 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (3 mo. Term SOFR + 5.75%, 0.00% Floor) | 9.47% | 07/30/2032 | 195289 |
|  | Castle US Holding Corp. |  |  |  |
| 216147 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.36%, 0.00% Floor) | 8.08% | 05/31/2030 | 116179 |
|  | Central Parent LLC |  |  |  |
| 117949 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.92% | 07/06/2029 | 100291 |
|  | Chariot Buyer LLC |  |  |  |
| 502475 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 09/08/2032 | 504098 |
|  | Cyborg Oldco DC Holdings, Inc. |  |  |  |
| 230203 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 7.30 %<sup>(a)(b)</sup> | 05/01/2026 |  |
|  | Dawn Bidco LLC |  |  |  |
| 1015000 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.73% | 10/07/2032 | 1013193 |
|  | DG Investment Intermediate Holdings 2, Inc. |  |  |  |
| 1060000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.47% | 07/12/2032 | 1063975 |
| 90000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.50%, 0.00% Floor) | 9.22% | 07/29/2033 | 90337 |
|  | Ellucian Holdings, Inc. |  |  |  |
| 40000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.47% | 11/22/2032 | 40425 |
|  | Gainwell Acquisition Corp. |  |  |  |
| 826962 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.10%, 0.75% Floor) | 7.77% | 10/01/2027 | 813937 |
|  | ION Platform Finance US, Inc. |  |  |  |
| 568756 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.42% | 09/30/2032 | 535444 |
| 101244 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.42% | 09/30/2032 | 95315 |
|  | McAfee Corp. |  |  |  |
| 427978 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.72% | 03/01/2029 | 396366 |
|  | MH Sub I LLC |  |  |  |
| 688614 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.97% | 12/31/2031 | 592532 |
|  | Mitchell International, Inc. |  |  |  |
| 711768 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 6.97% | 06/17/2031 | 714975 |
| 115000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 8.50%, 0.00% Floor) | 8.97% | 06/17/2032 | 114554 |
|  | Polaris Newco LLC |  |  |  |
| 429173 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.86%, 0.50% Floor) | 7.85% | 06/05/2028 | 414852 |
|  | Project Aurora US Finco, Inc. |  |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 194513 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.49% | 09/30/2032 | 195728 |
|  | Proofpoint, Inc. |  |  |  |
| 517519 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.67% | 08/31/2028 | 521040 |
|  | RealPage, Inc. |  |  |  |
| 595963 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.11%, 0.50% Floor) | 6.93% | 04/24/2028 | 596193 |
| 228275 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.50% Floor) | 7.42% | 04/24/2028 | 229298 |
|  | Sabre GLBL, Inc. |  |  |  |
| 119225 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.10%, 0.00% Floor) | 9.82% | 11/15/2029 | 107302 |
| 160898 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.00%) | 10.02% | 11/15/2029 | 143199 |
|  | Sedgwick Claims Management Services, Inc. |  |  |  |
| 266365 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 07/31/2031 | 267503 |
|  | UKG, Inc. |  |  |  |
| 1032413 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.34% | 02/10/2031 | 1034689 |
|  | WEC US Holdings, Inc. |  |  |  |
| 888750 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.87% | 01/27/2031 | 891256 |
|  |  |  |  | 12622087 |
| **ENERGY - 4.8%** |  |  |  |  |
|  | BCP Renaissance Parent LLC |  |  |  |
| 514344 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.17% | 10/31/2028 | 517559 |
|  | Blackfin Pipeline LLC |  |  |  |
| 340000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.75% | 09/29/2032 | 341062 |
|  | Compass Power Generation LLC |  |  |  |
| 780606 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 04/16/2029 | 786851 |
|  | CPPIB OVM Member US LLC |  |  |  |
| 350737 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.17% | 08/20/2031 | 353314 |
|  | Deep Blue Operating I LLC |  |  |  |
| 160000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.59% | 10/01/2032 | 160766 |
|  | Delek US Holdings, Inc. |  |  |  |
| 307635 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.60%, 0.50% Floor) | 7.32% | 11/19/2029 | 308297 |
|  | Freeport LNG Investments LLLP |  |  |  |
| 646508 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 7.12% | 12/21/2028 | 649944 |
|  | GIP Pilot Acquisition Partners LP |  |  |  |
| 340954 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.94% | 10/04/2030 | 342175 |
|  | Hamilton Projects Acquiror LLC |  |  |  |
| 287137 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 05/30/2031 | 289589 |
|  | Meade Pipeline Co. LLC |  |  |  |
| 330000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.69% | 09/22/2032 | 332269 |
|  | Natgasoline LLC |  |  |  |
| 240406 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 5.50%, 0.00% Floor) | 9.22% | 03/29/2030 | 242910 |
|  | Par Petroleum LLC |  |  |  |
| 233407 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.95% | 02/28/2030 | 234623 |
|  | Talen Energy Supply LLC |  |  |  |
| 380000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.88% | 11/26/2032 | 380536 |
|  | WhiteWater Matterhorn Holdings LLC |  |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 160000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.31% | 06/16/2032 | 160833 |
|  |  |  |  | 5100728 |
| **FINANCE - 3.3%** |  |  |  |  |
|  | Allspring Buyer LLC |  |  |  |
| 89549 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.67% | 11/01/2030 | 90142 |
|  | Corpay Technologies Operating Co. LLC |  |  |  |
| 123750 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 04/28/2028 | 124016 |
|  | CPI Holdco B LLC |  |  |  |
| 749619 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 05/19/2031 | 752066 |
|  | Edelman Financial Engines Center LLC |  |  |  |
| 337444 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 04/07/2028 | 339614 |
| 210000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.25%, 0.00% Floor) | 8.97% | 10/06/2028 | 210088 |
|  | First Eagle Holdings, Inc. |  |  |  |
| 179375 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.17% | 08/16/2032 | 179363 |
|  | Focus Financial Partners LLC |  |  |  |
| 812811 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 09/15/2031 | 815095 |
|  | Hightower Holding LLC |  |  |  |
| 711425 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.65% | 02/03/2032 | 713652 |
|  | Victory Capital Holdings, Inc. |  |  |  |
| 114713 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.67% | 09/23/2032 | 115518 |
|  | Virtus Investment Partners, Inc. |  |  |  |
| 179550 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 09/27/2032 | 181121 |
|  |  |  |  | 3520675 |
| **FOOD PRODUCTS - 2.4%** | **FOOD PRODUCTS - 2.4%** |  |  |  |
|  | Aspire Bakeries Holdings LLC |  |  |  |
| 490050 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.22% | 12/23/2030 | 493483 |
|  | Froneri US, Inc. |  |  |  |
| 228386 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.12% | 09/30/2032 | 228705 |
| 307720 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.12% | 09/30/2032 | 308149 |
| 528894 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.12% | 09/30/2032 | 529632 |
|  | Golden State Foods LLC |  |  |  |
| 108149 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.67% | 12/04/2031 | 108960 |
| 391294 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.67% | 12/04/2031 | 394229 |
|  | Savor Acquisition, Inc. |  |  |  |
| 50245 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 02/19/2032 | 50517 |
| 442722 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.84% | 02/19/2032 | 445119 |
|  |  |  |  | 2558794 |
| **HEALTHCARE - 7.7%** | **HEALTHCARE - 7.7%** |  |  |  |
|  | ADMI Corp. |  |  |  |
| 432213 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.86%, 0.50% Floor) | 7.58% | 12/23/2027 | 411143 |
|  | AthenaHealth Group, Inc. |  |  |  |
| 626842 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.47% | 02/15/2029 | 628801 |
|  | Aveanna Healthcare LLC |  |  |  |
| 399000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.47% | 09/17/2032 | 402016 |
|  | Bausch & Lomb T/L |  |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 265000 | &nbsp;&nbsp;Senior Secured Term Loan | 7.78 %<sup>(c)</sup> | 01/15/2031 | 268114 |
|  | Bausch + Lomb Corp. |  |  |  |
| 273700 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.72% | 09/29/2028 | 274384 |
| 1030935 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 7.97% | 01/15/2031 | 1043048 |
|  | CNT Holdings I Corp. |  |  |  |
| 122822 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.75% Floor) | 6.09% | 11/08/2032 | 123251 |
|  | Cotiviti, Inc. |  |  |  |
| 488420 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.62% | 05/01/2031 | 470513 |
| 353225 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.62% | 03/29/2032 | 339981 |
|  | FinThrive Software Intermediate Holdings, Inc. |  |  |  |
| 44589 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.69% | 12/18/2028 | 40364 |
| 75066 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.11%, 0.50% Floor) | 7.84% | 12/18/2028 | 51881 |
|  | Fortrea Holdings, Inc. |  |  |  |
| 44463 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.50% Floor) | 7.47% | 07/01/2030 | 43157 |
|  | Lavender US HoldCo 1, Inc. |  |  |  |
| 275000 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 7.11% | 12/02/2032 | 277578 |
|  | LifePoint Health, Inc. |  |  |  |
| 856712 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.65% | 05/19/2031 | 860481 |
|  | Pacific Dental Services, Inc. |  |  |  |
| 234411 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.24% | 03/17/2031 | 235590 |
|  | Radiology Partners, Inc. |  |  |  |
| 653363 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.17% | 06/30/2032 | 653006 |
|  | Southern Veterinary Partners LLC |  |  |  |
| 1024638 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.37% | 12/04/2031 | 1024550 |
|  | Team Health Holdings, Inc. |  |  |  |
| 368150 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.34% | 06/30/2028 | 369847 |
|  | Zelis Payments Buyer, Inc. |  |  |  |
| 678361 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 11/26/2031 | 674121 |
|  |  |  |  | 8191826 |
| **HOTELS/MOTELS/INNS AND CASINOS - 6.4%** | **HOTELS/MOTELS/INNS AND CASINOS - 6.4%** |  |  |  |
|  | Alterra Mountain Co. |  |  |  |
| 49875 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 05/31/2030 | 50187 |
|  | Bally's Corp. |  |  |  |
| 474804 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.51%, 0.50% Floor) | 7.37% | 10/02/2028 | 469004 |
|  | Caesars Entertainment, Inc. |  |  |  |
| 1209269 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.50% Floor) | 5.97% | 02/06/2031 | 1200199 |
|  | Fertitta Entertainment LLC/NV |  |  |  |
| 630251 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 6.97% | 01/29/2029 | 630825 |
|  | Flutter Financing BV |  |  |  |
| 353225 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.50% Floor) | 5.67% | 06/04/2032 | 353778 |
|  | GBT US III LLC |  |  |  |
| 400950 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.36% | 07/28/2031 | 402816 |
|  | LC Ahab US Bidco LLC |  |  |  |
| 619095 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 05/01/2031 | 621677 |
|  | Motion Finco Sarl |  |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 402455 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.17% | 11/30/2029 | 357936 |
|  | Ontario Gaming GTA LP |  |  |  |
| 466847 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 8.24% | 08/01/2030 | 433167 |
|  | Sgh2 LLC |  |  |  |
| 309225 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.17% | 08/18/2032 | 310771 |
|  | Six Flags Entertainment Corp. |  |  |  |
| 407654 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 05/01/2031 | 403661 |
|  | Voyager Parent LLC |  |  |  |
| 115000 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 8.00% | 07/01/2032 | 115226 |
| 415884 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.42% | 07/01/2032 | 416704 |
| 67816 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.42% | 07/01/2032 | 67949 |
|  | Whatabrands LLC |  |  |  |
| 932211 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.22% | 08/03/2028 | 935720 |
|  |  |  |  | 6769620 |
| **INDUSTRIAL EQUIPMENT - 4.6%** | **INDUSTRIAL EQUIPMENT - 4.6%** |  |  |  |
|  | AI Aqua Merger Sub, Inc. |  |  |  |
| 374060 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.85% | 07/31/2028 | 375306 |
| 247807 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.87% | 07/31/2028 | 248632 |
|  | Allison Transmission, Inc. |  |  |  |
| 500000 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 01/03/2033 | 503230 |
|  | BCPE Empire Holdings, Inc. |  |  |  |
| 620162 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 6.97% | 12/26/2030 | 614736 |
|  | Crosby US Acquisition Corp. |  |  |  |
| 292447 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.50% Floor) | 7.22% | 08/16/2029 | 294091 |
|  | Eagle Parent Corp. |  |  |  |
| 49963 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 04/02/2029 | 50159 |
| 49963 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 04/02/2029 | 50159 |
| 516717 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 04/02/2029 | 518745 |
|  | EMRLD Borrower LP |  |  |  |
| 455706 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.12% | 08/04/2031 | 457171 |
|  | Husky Injection Molding Systems Ltd. |  |  |  |
| 254483 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.47% | 02/15/2029 | 256728 |
| 254483 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.59% | 02/15/2029 | 256728 |
|  | Madison IAQ LLC |  |  |  |
| 329422 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.64% | 05/06/2032 | 331911 |
|  | Veritiv Operating Co. |  |  |  |
| 207770 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.67% | 11/29/2030 | 208041 |
|  | White Cap Supply Holdings LLC |  |  |  |
| 743220 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 10/29/2029 | 747089 |
|  |  |  |  | 4912726 |
| **INSURANCE - 3.5%** | **INSURANCE - 3.5%** |  |  |  |
|  | Acrisure LLC |  |  |  |
| 912695 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 11/06/2030 | 913124 |
| 134325 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 06/21/2032 | 134661 |
|  | Alera Group, Inc. |  |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 518700 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 6.97% | 05/28/2032 | 521783 |
| 194513 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.50%, 0.50% Floor) | 9.22% | 05/31/2033 | 198889 |
|  | Ardonagh Group Finco Pty Ltd. |  |  |  |
| 27625 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.42% | 02/18/2031 | 27619 |
| 307150 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.95% | 02/18/2031 | 307087 |
| 230961 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.95% | 02/18/2031 | 230914 |
|  | OneDigital Borrower LLC |  |  |  |
| 666264 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.72% | 07/02/2031 | 668776 |
| 138308 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.25%, 0.50% Floor) | 8.97% | 07/02/2032 | 139779 |
|  | Trucordia Insurance Holdings LLC |  |  |  |
| 558600 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 7.21% | 06/17/2032 | 555807 |
|  |  |  |  | 3698439 |
| **IT SERVICES - 0.8%** | **IT SERVICES - 0.8%** |  |  |  |
|  | Iron Mountain, Inc. |  |  |  |
| 805888 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 01/31/2031 | 806896 |
| **MEDIA - 5.9%** | **MEDIA - 5.9%** |  |  |  |
|  | ABG Intermediate Holdings 2 LLC |  |  |  |
| 69125 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 12/21/2028 | 69315 |
|  | Clear Channel Outdoor Holdings, Inc. |  |  |  |
| 255000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.11%, 0.00% Floor) | 7.83% | 08/23/2028 | 256002 |
|  | Crown Finance US, Inc. |  |  |  |
| 673527 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.34% | 12/02/2031 | 665528 |
|  | CSC Holdings LLC |  |  |  |
| 255482 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (Prime Rate + 1.50%, 0.00% Floor) | 8.25% | 04/15/2027 | 223910 |
|  | Directv Financing LLC |  |  |  |
| 44768 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.26%, 0.75% Floor) | 9.10% | 08/02/2027 | 44908 |
| 217182 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.51%, 0.75% Floor) | 9.35% | 08/02/2029 | 218205 |
|  | iHeartCommunications, Inc. |  |  |  |
| 173250 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 5.89%, 0.00% Floor) | 9.61% | 05/01/2029 | 159081 |
|  | Live Nation Entertainment, Inc. |  |  |  |
| 400000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.73% | 10/21/2032 | 401000 |
|  | NEP Group, Inc. |  |  |  |
| 224840 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.22% | 10/17/2031 | 207134 |
|  | Nexstar Media, Inc. |  |  |  |
| 412925 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 06/28/2032 | 415353 |
| 1038 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 06/28/2032 | 1044 |
|  | Pretzel Parent T/L B |  |  |  |
| 403874 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.22% | 10/01/2031 | 399835 |
|  | TKO Worldwide Holdings LLC |  |  |  |
| 149250 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.87% | 11/21/2031 | 150100 |
|  | Townsquare Media, Inc. |  |  |  |
| 156975 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.00%, 0.00% Floor) | 8.88% | 02/19/2030 | 111845 |
|  | United Talent Agency LLC |  |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 247500 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.75% | 06/10/2032 | 249666 |
|  | Univision Communications, Inc. |  |  |  |
| 134658 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.50% Floor) | 7.33% | 01/31/2029 | 134553 |
| 502982 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 06/25/2029 | 504491 |
|  | X Corp. |  |  |  |
| 520000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan | 9.50% | 10/29/2029 | 519163 |
| 1540920 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 6.65%, 0.50% Floor) | 10.45% | 10/29/2029 | 1517259 |
|  |  |  |  | 6248392 |
| **MINING - 0.1%** |  |  |  |  |
|  | Arsenal AIC Parent LLC |  |  |  |
| 89492 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 08/19/2030 | 89856 |
| **PHARMACEUTICALS - 1.1%** | **PHARMACEUTICALS - 1.1%** |  |  |  |
|  | 1261229 BC Ltd. |  |  |  |
| 318400 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.25%, 0.00% Floor) | 9.97% | 10/08/2030 | 311795 |
|  | Genmab AS |  |  |  |
| 270000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.73% | 12/13/2032 | 271604 |
|  | Opal US LLC |  |  |  |
| 603488 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.69% | 04/23/2032 | 608013 |
|  |  |  |  | 1191412 |
| **REAL ESTATE - 0.2%** | **REAL ESTATE - 0.2%** |  |  |  |
|  | Starwood Property Mortgage LLC |  |  |  |
| 224438 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.50% Floor) | 5.97% | 09/24/2032 | 225279 |
| **RETAILERS (OTHER THAN FOOD/DRUG) - 4.2%** | **RETAILERS (OTHER THAN FOOD/DRUG) - 4.2%** |  |  |  |
|  | Apro LLC |  |  |  |
| 666835 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.68% | 07/09/2031 | 671003 |
|  | Boots Group Finco LP |  |  |  |
| 330000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.21% | 08/30/2032 | 332199 |
|  | BradyPlus Holdings LLC |  |  |  |
| 295000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.19% | 12/29/2032 | 292357 |
|  | Burlington Coat Factory Warehouse Corp. |  |  |  |
| 133982 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.67% | 09/19/2031 | 134428 |
|  | EG America LLC |  |  |  |
| 431196 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.32% | 02/07/2028 | 433398 |
|  | HomeServe USA Holding Corp. |  |  |  |
| 329138 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.73% | 10/21/2030 | 330168 |
|  | Michaels Cos., Inc. |  |  |  |
| 163067 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.51%, 0.75% Floor) | 8.18% | 04/17/2028 | 158067 |
|  | PetSmart LLC |  |  |  |
| 440000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.73% | 08/18/2032 | 438764 |
|  | Staples, Inc. |  |  |  |
| 281624 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.75%, 0.50% Floor) | 9.60% | 09/10/2029 | 268158 |
|  | StubHub Holdco Sub LLC |  |  |  |
| 408168 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.47% | 03/15/2030 | 405362 |
|  | United Natural Foods, Inc. |  |  |  |
| 250614 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.67% | 05/01/2031 | 252744 |
|  | Victra Holdings LLC |  |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 702358 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.48% | 03/29/2029 | 704222 |
|  |  |  |  | 4420870 |
| **TECHNOLOGY - 2.4%** | **TECHNOLOGY - 2.4%** |  |  |  |
|  | CommScope LLC |  |  |  |
| 2009263 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 2.00% Floor) | 8.67% | 12/17/2029 | 2015652 |
|  | Tiger Acquisition LLC |  |  |  |
| 512155 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.23% | 08/23/2032 | 514396 |
|  |  |  |  | 2530048 |
| **TELECOMMUNICATIONS - 3.6%** | **TELECOMMUNICATIONS - 3.6%** |  |  |  |
|  | Frontier Communications Holdings LLC |  |  |  |
| 379045 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.23% | 07/01/2031 | 379817 |
|  | Gogo Intermediate Holdings LLC |  |  |  |
| 382134 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.86%, 0.75% Floor) | 7.58% | 04/28/2028 | 350369 |
|  | Lumen Technologies, Inc. |  |  |  |
| 1036773 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.46%, 2.00% Floor) | 6.18% | 04/16/2029 | 1032823 |
|  | Numericable US LLC |  |  |  |
| 548297 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.88%, 0.00% Floor) | 10.86% | 05/15/2031 | 548867 |
|  | Sunrise Financing Partnership |  |  |  |
| 405000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.43% | 02/17/2032 | 406954 |
|  | Virgin Media Bristol LLC |  |  |  |
| 659848 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.28%, 0.00% Floor) | 7.05% | 03/31/2031 | 654787 |
|  | Zayo Group Holdings, Inc. |  |  |  |
| 420198 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00% + 0.50% PIK, 0.00% Floor) | 7.35% | 03/11/2030 | 399953 |
| 3994 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.11% + 0.50% PIK, 0.00% Floor) | 7.35% | 03/11/2030 | 3801 |
|  | Ziggo Financing Partnership |  |  |  |
| 8488 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%) | 6.76% | 04/28/2028 | 8501 |
|  |  |  |  | 3785872 |
| **TRANSPORTATION - 1.1%** | **TRANSPORTATION - 1.1%** |  |  |  |
|  | Brown Group Holding LLC |  |  |  |
| 145417 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.22% | 07/01/2031 | 146310 |
| 403197 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.22% | 07/01/2031 | 405673 |
| 60000 | &nbsp;&nbsp;Senior Secured Term Loan (3 mo. Term SOFR + 2.50%) | 6.36% | 07/01/2031 | 60369 |
| 16576 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.47% | 07/01/2031 | 16678 |
| 22692 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.57% | 07/01/2031 | 22831 |
| 35167 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.59% | 07/01/2031 | 35383 |
|  | Kenan Advantage Group, Inc. |  |  |  |
| 534314 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 01/25/2029 | 530574 |
|  |  |  |  | 1217818 |
| **UTILITIES - 1.5%** |  |  |  |  |
|  | Alpha Generation LLC |  |  |  |
| 764196 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 09/30/2031 | 767578 |
|  | NRG Energy, Inc. |  |  |  |
| 592756 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.59% | 04/16/2031 | 595231 |
|  | Stonepeak Bayou Holdings LP |  |  |  |
| 220000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.42% | 10/01/2032 | 199650 |
|  |  |  |  | 1562459 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | **Total Bank Loans (Cost $94,435,574)** |  |  | **93696429** |
| **FOREIGN CORPORATE BONDS - 0.3%** | **FOREIGN CORPORATE BONDS - 0.3%** |  |  |  |
| 15000 | Altice France SA | 6.88 %<sup>(d)</sup> | 07/15/2032 | 14394 |
| 25000 | Garda World Security Corp. | 6.50 %<sup>(d)</sup> | 01/15/2031 | 25597 |
| 85000 | Garda World Security Corp. | 8.25 %<sup>(d)</sup> | 08/01/2032 | 86728 |
| 200000 | Global Aircraft Leasing Co. Ltd. | 8.75 %<sup>(d)</sup> | 09/01/2027 | 207660 |
| 40000 | Seaspan Corp. | 5.50 %<sup>(d)</sup> | 08/01/2029 | 38022 |
|  | **Total Foreign Corporate Bonds (Cost $366,475)** | **Total Foreign Corporate Bonds (Cost $366,475)** |  | **372401** |
| **US CORPORATE BONDS - 5.2%** | **US CORPORATE BONDS - 5.2%** |  |  |  |
| 30000 | Acushnet Co. | 5.63 %<sup>(d)</sup> | 12/01/2033 | 30412 |
| 245000 | Allied Universal Holdco LLC | 7.88 %<sup>(d)</sup> | 02/15/2031 | 258346 |
| 20000 | American Axle & Manufacturing, Inc. | 6.38 %<sup>(d)</sup> | 10/15/2032 | 20379 |
| 15000 | American Axle & Manufacturing, Inc. | 7.75 %<sup>(d)</sup> | 10/15/2033 | 15287 |
| 20000 | Anywhere Real Estate Group LLC / Realogy Co.-Issuer Corp. | 5.25 %<sup>(d)</sup> | 04/15/2030 | 18763 |
| 20000 | APH / APH2 / APH3 | 7.88 %<sup>(d)</sup> | 11/01/2029 | 20215 |
| 330000 | AthenaHealth Group, Inc. | 6.50 %<sup>(d)</sup> | 02/15/2030 | 329287 |
| 55000 | Azorra Finance Ltd. | 7.25 %<sup>(d)</sup> | 01/15/2031 | 57848 |
| 120000 | Builders FirstSource, Inc. | 6.38 %<sup>(d)</sup> | 03/01/2034 | 124222 |
| 45000 | Caesars Entertainment, Inc. | 6.00 %<sup>(d)</sup> | 10/15/2032 | 43795 |
| 25000 | Carnival Corp. | 5.75 %<sup>(d)</sup> | 08/01/2032 | 25688 |
| 25000 | CCO Holdings LLC / CCO Holdings Capital Corp. | 5.13 %<sup>(d)</sup> | 05/01/2027 | 24980 |
| 45000 | CCO Holdings LLC / CCO Holdings Capital Corp. | 4.75 %<sup>(d)</sup> | 03/01/2030 | 43005 |
| 25000 | CCO Holdings LLC / CCO Holdings Capital Corp. | 4.75 %<sup>(d)</sup> | 02/01/2032 | 22867 |
| 15000 | CCO Holdings LLC / CCO Holdings Capital Corp. | 4.25 %<sup>(d)</sup> | 01/15/2034 | 12768 |
| 10000 | Celanese US Holdings LLC | 6.50% | 04/15/2030 | 10058 |
| 10000 | Celanese US Holdings LLC | 6.75% | 04/15/2033 | 9957 |
| 20000 | Chord Energy Corp. | 6.00 %<sup>(d)</sup> | 10/01/2030 | 20321 |
| 35000 | Chord Energy Corp. | 6.75 %<sup>(d)</sup> | 03/15/2033 | 36217 |
| 20000 | Cipher Compute LLC | 7.13 %<sup>(d)</sup> | 11/15/2030 | 20395 |
| 55000 | Clarios Global LP / Clarios US Finance Co. | 6.75 %<sup>(d)</sup> | 09/15/2032 | 57067 |
| 20000 | Clear Channel Outdoor Holdings, Inc. | 7.50 %<sup>(d)</sup> | 06/01/2029 | 19877 |
| 35000 | Clear Channel Outdoor Holdings, Inc. | 7.13 %<sup>(d)</sup> | 02/15/2031 | 36774 |
| 15000 | Cloud Software Group, Inc. | 9.00 %<sup>(d)</sup> | 09/30/2029 | 15633 |
| 20000 | Cloud Software Group, Inc. | 6.63 %<sup>(d)</sup> | 08/15/2033 | 19834 |
| 120000 | Clydesdale Acquisition Holdings, Inc. | 6.75 %<sup>(d)</sup> | 04/15/2032 | 123473 |
| 15000 | CoreWeave, Inc. | 9.25 %<sup>(d)</sup> | 06/01/2030 | 13962 |
| 20000 | Cornerstone Building Brands, Inc. | 9.50 %<sup>(d)</sup> | 08/15/2029 | 14816 |
| 35000 | DCLI Bidco LLC | 7.75 %<sup>(d)</sup> | 11/15/2029 | 36005 |
| 25000 | Dealer Tire LLC / DT Issuer LLC | 8.00 %<sup>(d)</sup> | 02/01/2028 | 25134 |
| 30000 | Directv Financing LLC | 8.88 %<sup>(d)</sup> | 02/01/2030 | 30391 |
| 25000 | DISH DBS Corp. | 5.75 %<sup>(d)</sup> | 12/01/2028 | 24559 |
| 15000 | DISH DBS Corp. | 5.13% | 06/01/2029 | 13326 |
| 65000 | Dornoch Debt Merger Sub, Inc. | 6.63 %<sup>(d)</sup> | 10/15/2029 | 56354 |
| 50000 | EchoStar Corp. | 10.75% | 11/30/2029 | 55329 |
| 25000 | Energizer Holdings, Inc. | 6.00 %<sup>(d)</sup> | 09/15/2033 | 24011 |
| 15000 | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. | 6.75 %<sup>(d)</sup> | 01/15/2030 | 14272 |
| 30000 | Flash Compute LLC | 7.25 %<sup>(d)</sup> | 12/31/2030 | 29760 |
| 10000 | Freedom Mortgage Holdings LLC | 8.38 %<sup>(d)</sup> | 04/01/2032 | 10535 |
| 155000 | Genesee & Wyoming, Inc. | 6.25 %<sup>(d)</sup> | 04/15/2032 | 160038 |
| 35000 | Graham Holdings Co. | 5.63 %<sup>(d)</sup> | 12/01/2033 | 35424 |
| 25000 | Gray Media, Inc. | 9.63 %<sup>(d)</sup> | 07/15/2032 | 25963 |
| 25000 | Gray Media, Inc. | 7.25 %<sup>(d)</sup> | 08/15/2033 | 25561 |
| 10000 | Herc Holdings, Inc. | 5.75 %<sup>(d)</sup> | 03/15/2031 | 10154 |
| 10000 | Herc Holdings, Inc. | 6.00 %<sup>(d)</sup> | 03/15/2034 | 10140 |
| 15000 | Kodiak Gas Services LLC | 6.50 %<sup>(d)</sup> | 10/01/2033 | 15326 |
| 15000 | Kodiak Gas Services LLC | 6.75 %<sup>(d)</sup> | 10/01/2035 | 15430 |
| 30000 | Lamar Media Corp. | 5.38 %<sup>(d)</sup> | 11/01/2033 | 29841 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 60000 | Level 3 Financing, Inc. | 6.88 %<sup>(d)</sup> | 06/30/2033 | 61446 |
| 30000 | LifePoint Health, Inc. | 10.00 %<sup>(d)</sup> | 06/01/2032 | 31900 |
| 35000 | Light & Wonder International, Inc. | 6.25 %<sup>(d)</sup> | 10/01/2033 | 35450 |
| 25000 | Lindblad Expeditions LLC | 7.00 %<sup>(d)</sup> | 09/15/2030 | 26091 |
| 265000 | Madison IAQ LLC | 5.88 %<sup>(d)</sup> | 06/30/2029 | 263602 |
| 125000 | Medline Borrower LP | 5.25 %<sup>(d)</sup> | 10/01/2029 | 125749 |
| 15000 | Michaels Cos., Inc. | 5.25 %<sup>(d)</sup> | 05/01/2028 | 14438 |
| 20000 | Nabors Industries, Inc. | 9.13 %<sup>(d)</sup> | 01/31/2030 | 20985 |
| 15000 | Nabors Industries, Inc. | 7.63 %<sup>(d)</sup> | 11/15/2032 | 14753 |
| 10000 | NCL Corp. Ltd. | 5.88 %<sup>(d)</sup> | 01/15/2031 | 9968 |
| 10000 | NCL Corp. Ltd. | 6.25 %<sup>(d)</sup> | 09/15/2033 | 10001 |
| 15000 | Neptune Bidco US, Inc. | 10.38 %<sup>(d)</sup> | 05/15/2031 | 15389 |
| 15000 | Newell Brands, Inc. | 6.38% | 05/15/2030 | 14668 |
| 30000 | Nissan Motor Acceptance Co. LLC | 6.13 %<sup>(d)</sup> | 09/30/2030 | 30026 |
| 30000 | Novelis Corp. | 6.88 %<sup>(d)</sup> | 01/30/2030 | 31165 |
| 25000 | NRG Energy, Inc. | 6.00 %<sup>(d)</sup> | 02/01/2033 | 25544 |
| 15000 | Olin Corp. | 6.63 %<sup>(d)</sup> | 04/01/2033 | 14906 |
| 30000 | OneMain Finance Corp. | 7.50% | 05/15/2031 | 31586 |
| 65000 | OneMain Finance Corp. | 6.50% | 03/15/2033 | 65788 |
| 45000 | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer | 7.00 %<sup>(d)</sup> | 02/01/2030 | 46353 |
| 25000 | Qnity Electronics, Inc. | 6.25 %<sup>(d)</sup> | 08/15/2033 | 25945 |
| 120000 | Quikrete Holdings, Inc. | 6.75 %<sup>(d)</sup> | 03/01/2033 | 125398 |
| 50000 | QXO Building Products, Inc. | 6.75 %<sup>(d)</sup> | 04/30/2032 | 52261 |
| 40000 | Radiology Partners, Inc. | 8.50 %<sup>(d)</sup> | 07/15/2032 | 41836 |
| 155000 | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp. | 6.63 %<sup>(d)</sup> | 02/01/2033 | 158566 |
| 15000 | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp. | 6.25 %<sup>(d)</sup> | 10/15/2030 | 15318 |
| 60000 | Rockies Express Pipeline LLC | 6.75 %<sup>(d)</sup> | 03/15/2033 | 63394 |
| 14000 | Sabre GLBL, Inc. | 10.75 %<sup>(d)</sup> | 11/15/2029 | 11915 |
| 16000 | Sabre GLBL, Inc. | 10.75 %<sup>(d)</sup> | 03/15/2030 | 13169 |
| 250000 | SM Energy Co. | 7.00 %<sup>(d)</sup> | 08/01/2032 | 245925 |
| 5000 | Solstice Advanced Materials, Inc. | 5.63 %<sup>(d)</sup> | 09/30/2033 | 5047 |
| 15000 | Standard Building Solutions, Inc. | 5.88 %<sup>(d)</sup> | 03/15/2034 | 15053 |
| 50000 | Staples, Inc. | 10.75 %<sup>(d)</sup> | 09/01/2029 | 49772 |
| 20000 | Star Leasing Co. LLC | 7.63 %<sup>(d)</sup> | 02/15/2030 | 18623 |
| 45000 | Starwood Property Trust, Inc. | 5.25 %<sup>(d)</sup> | 10/15/2028 | 45497 |
| 65000 | Sunoco LP | 6.25 %<sup>(d)</sup> | 07/01/2033 | 66614 |
| 25000 | Talen Energy Supply LLC | 6.25 %<sup>(d)</sup> | 02/01/2034 | 25510 |
| 15000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. | 6.75 %<sup>(d)</sup> | 03/15/2034 | 15009 |
| 30000 | Taylor Morrison Communities, Inc. | 5.75 %<sup>(d)</sup> | 11/15/2032 | 30886 |
| 5000 | Tenet Healthcare Corp. | 5.50 %<sup>(d)</sup> | 11/15/2032 | 5072 |
| 5000 | Tenet Healthcare Corp. | 6.00 %<sup>(d)</sup> | 11/15/2033 | 5151 |
| 5000 | TransDigm, Inc. | 6.25 %<sup>(d)</sup> | 01/31/2034 | 5191 |
| 5000 | TransDigm, Inc. | 6.75 %<sup>(d)</sup> | 01/31/2034 | 5212 |
| 25000 | Trident TPI Holdings, Inc. | 12.75 %<sup>(d)</sup> | 12/31/2028 | 25647 |
| 200000 | United Natural Foods, Inc. | 6.75 %<sup>(d)</sup> | 10/15/2028 | 201148 |
| 20000 | United Rentals North America, Inc. | 5.38 %<sup>(d)</sup> | 11/15/2033 | 19998 |
| 50000 | Univision Communications, Inc. | 7.38 %<sup>(d)</sup> | 06/30/2030 | 51000 |
| 155000 | US Foods, Inc. | 5.75 %<sup>(d)</sup> | 04/15/2033 | 158025 |
| 45000 | Venture Global LNG, Inc. | 8.38 %<sup>(d)</sup> | 06/01/2031 | 44775 |
| 10000 | Venture Global Plaquemines LNG LLC | 6.13 %<sup>(d)</sup> | 12/15/2030 | 10189 |
| 25000 | Venture Global Plaquemines LNG LLC | 7.50 %<sup>(d)</sup> | 05/01/2033 | 27027 |
| 35000 | Venture Global Plaquemines LNG LLC | 6.50 %<sup>(d)</sup> | 01/15/2034 | 35866 |
| 25000 | Veritiv Operating Co. | 10.50 %<sup>(d)</sup> | 11/30/2030 | 26912 |
| 115000 | Victra Holdings LLC / Victra Finance Corp. | 8.75 %<sup>(d)</sup> | 09/15/2029 | 121897 |
| 50000 | Viking Cruises Ltd. | 5.88 %<sup>(d)</sup> | 10/15/2033 | 50798 |
| 30000 | VT Topco, Inc. | 8.50 %<sup>(d)</sup> | 08/15/2030 | 31474 |
| 20000 | Warnermedia Holdings, Inc. | 4.05% | 03/15/2029 | 19458 |
| 10000 | Warnermedia Holdings, Inc. | 4.28% | 03/15/2032 | 8791 |
| 15000 | Warnermedia Holdings, Inc. | 5.05% | 03/15/2042 | 10594 |
| 85000 | Watco Cos. LLC / Watco Finance Corp. | 7.13 %<sup>(d)</sup> | 08/01/2032 | 89069 |
| 20000 | Wayfair LLC | 7.25 %<sup>(d)</sup> | 10/31/2029 | 20894 |
| 20000 | Wayfair LLC | 6.75 %<sup>(d)</sup> | 11/15/2032 | 20585 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 50000 | WBI Operating LLC | 6.50 %<sup>(d)</sup> | 10/15/2033 | 49838 |
| 55000 | Weatherford International Ltd. | 6.75 %<sup>(d)</sup> | 10/15/2033 | 56355 |
| 10000 | Windstream Services LLC | 7.50 %<sup>(d)</sup> | 10/15/2033 | 10259 |
| 130000 | WR Grace Holdings LLC | 5.63 %<sup>(d)</sup> | 08/15/2029 | 124251 |
| 265000 | XHR LP | 4.88 %<sup>(d)</sup> | 06/01/2029 | 261480 |
|  | **Total US Corporate Bonds (Cost $5,384,682)** | **Total US Corporate Bonds (Cost $5,384,682)** |  | **5506301** |
| **COMMON STOCKS - 0.1%** | **COMMON STOCKS - 0.1%** |  |  |  |
| 3223 | Altice France/Luxco 3<sup>(b)(e)</sup> |  |  | 57762 |
|  | **Total Common Stocks (Cost $106,464)** | **Total Common Stocks (Cost $106,464)** |  | **57762** |
| **SHORT TERM INVESTMENTS - 8.1%** | **SHORT TERM INVESTMENTS - 8.1%** |  |  |  |
| 2867450 | First American Government Obligations Fund - U | 3.69 %<sup>(f)</sup> |  | 2867450 |
| 2867450 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(f)</sup> |  | 2867450 |
| 2867451 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(f)</sup> |  | 2867451 |
|  | **Total Short Term Investments (Cost $8,602,351)** | **Total Short Term Investments (Cost $8,602,351)** |  | **8602351** |
|  | **Total Investments - 102.0% (Cost $108,895,546)** | **Total Investments - 102.0% (Cost $108,895,546)** |  | **108235244** |
|  | **Other Liabilities in Excess of Assets - (2.0)%** | **Other Liabilities in Excess of Assets - (2.0)%** |  | **(2168996)** |
|  | **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** |  | $**106066248** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN** as a % of Net Assets: | |
| Bank Loans | 88.3% |
| Short Term Investments | 8.1% |
| US Corporate Bonds | 5.2% |
| Foreign Corporate Bonds | 0.3% |
| Common Stocks | 0.1% |
| Other Assets and Liabilities | (2.0)% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **INVESTMENT BREAKDOWN** as a % of Net Assets: | |
| Electronics/Electric | 11.9% |
| Short Term Investments | 8.1% |
| Healthcare | 7.9% |
| Hotels/Motels/Inns and Casinos | 6.6% |
| Commercial Services | 6.5% |
| Media | 6.4% |
| Energy | 5.5% |
| Industrial Equipment | 4.6% |
| Retailers (other than Food/Drug) | 4.3% |
| Business Equipment and Services | 4.3% |
| Telecommunications | 3.7% |
| Finance | 3.7% |
| Insurance | 3.5% |
| Aerospace & Defense | 3.3% |
| Construction | 3.2% |
| Technology | 2.8% |
| Food Products | 2.8% |
| Containers and Glass Products | 2.0% |
| Automotive | 1.7% |
| Utilities | 1.5% |
| Transportation | 1.5% |

---

---

| | |
|:---|:---|
| Chemicals/Plastics | 1.2% |
| Pharmaceuticals | 1.1% |
| Building and Development (including Steel/Metals) | 1.1% |
| Consumer Products | 1.1% |
| IT Services | 0.8% |
| Real Estate | 0.5% |
| Diversified Manufacturing | 0.2% |
| Leisure | 0.1% |
| Mining | 0.1% |
| Pulp & Paper | 0.0 %<sup>(g)</sup> |
| Food Service | 0.0 %<sup>(g)</sup> |
| Other Assets and Liabilities | (2.0)% |
| Net Assets | 100.0% |

---

**(a)** **Security is in default or has failed to make a scheduled payment. Income is not being accrued.** 

**(b)** **Value determined using significant unobservable inputs.** 

**(c)** **Coupon rate is variable or floats based on components including but not limited to reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of period end.** 

**(d)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $5,639,147 or 5.3% of the Fund's net assets.** 

**(e)** **Non-income producing security.** 

**(f)** **Seven-day yield as of period end.** 

**(g)** **Represents less than 0.05% of net assets.** 

---

| | |
|:---|:---|
| **SOFR** | **Secured Overnight Financing Rate** |

---

---

| | |
|:---|:---|
| **DoubleLine Shiller Enhanced CAPE<sup>®</sup>** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **RATE** | **MATURITY** | **VALUE $** |
| **ASSET BACKED OBLIGATIONS - 7.5%** | **ASSET BACKED OBLIGATIONS - 7.5%** | **ASSET BACKED OBLIGATIONS - 7.5%** |  |  |  |
|  | ACHV Trust |  |  |  |  |
| 1559941 | &nbsp;&nbsp;Series 2024-2PL-B |  | 5.43 %<sup>(a)</sup> | 10/27/2031 | 1575865 |
| 2164316 | &nbsp;&nbsp;Series 2024-3AL-A |  | 5.01 %<sup>(a)</sup> | 12/26/2031 | 2186754 |
|  | Affirm, Inc. |  |  |  |  |
| 3750000 | &nbsp;&nbsp;Series 2024-A-A |  | 5.61 %<sup>(a)</sup> | 02/15/2029 | 3755964 |
| 5100000 | &nbsp;&nbsp;Series 2024-B-B |  | 4.88 %<sup>(a)</sup> | 09/15/2029 | 5114602 |
| 4500000 | &nbsp;&nbsp;Series 2025-1A-B |  | 5.13 %<sup>(a)</sup> | 02/15/2033 | 4536652 |
| 4500000 | &nbsp;&nbsp;Series 2025-1A-C |  | 5.28 %<sup>(a)</sup> | 02/15/2033 | 4534524 |
| 2349551 | &nbsp;&nbsp;Series 2025-X1-A |  | 5.08 %<sup>(a)</sup> | 04/15/2030 | 2353122 |
|  | Aligned Data Centers Issuer LLC |  |  |  |  |
| 6000000 | &nbsp;&nbsp;Series 2021-1A-A2 |  | 1.94 %<sup>(a)</sup> | 08/15/2046 | 5893690 |
|  | Avant Credit Card Master Trust |  |  |  |  |
| 8500000 | &nbsp;&nbsp;Series 2025-1A-A |  | 4.89 %<sup>(a)</sup> | 04/15/2031 | 8508067 |
|  | AVANT Loans Funding Trust |  |  |  |  |
| 7250000 | &nbsp;&nbsp;Series 2024-REV1-A |  | 5.92 %<sup>(a)</sup> | 10/15/2033 | 7318562 |
| 9500000 | &nbsp;&nbsp;Series 2025-REV1-A |  | 5.12 %<sup>(a)</sup> | 05/15/2034 | 9550710 |
| 4000000 | &nbsp;&nbsp;Series 2025-REV1-B |  | 5.42 %<sup>(a)</sup> | 05/15/2034 | 4025178 |
|  | CAI International, Inc. |  |  |  |  |
| 3992031 | &nbsp;&nbsp;Series 2020-1A-A |  | 2.22 %<sup>(a)</sup> | 09/25/2045 | 3834455 |
|  | Carvana Auto Receivables Trust |  |  |  |  |
| 8000000 | &nbsp;&nbsp;Series 2024-P3-A4 |  | 4.31% | 09/10/2030 | 8059029 |
|  | Castlelake Aircraft Securitization Trust |  |  |  |  |
| 1434885 | &nbsp;&nbsp;Series 2019-1A-A |  | 3.97 %<sup>(a)</sup> | 04/15/2039 | 1435855 |
|  | College Avenue Student Loans LLC |  |  |  |  |
| 452563 | &nbsp;&nbsp;Series 2017-A-B |  | 4.50 %<sup>(a)</sup> | 11/26/2046 | 442843 |
|  | Compass Datacenters LLC |  |  |  |  |
| 5425000 | &nbsp;&nbsp;Series 2024-1A-A1 |  | 5.25 %<sup>(a)</sup> | 02/25/2049 | 5457053 |
|  | DataBank Issuer |  |  |  |  |
| 4000000 | &nbsp;&nbsp;Series 2021-1A-A2 |  | 2.06 %<sup>(a)</sup> | 02/27/2051 | 3982132 |
|  | DigitalBridge Group, Inc. |  |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2023-1A-A2A |  | 5.00 %<sup>(a)</sup> | 09/15/2048 | 4989498 |
|  | Dividend Solar Loans LLC |  |  |  |  |
| 1810756 | &nbsp;&nbsp;Series 2018-2-B |  | 4.25 %<sup>(a)</sup> | 12/20/2038 | 1697856 |
|  | Exeter Automobile Receivables Trust |  |  |  |  |
| 2392364 | &nbsp;&nbsp;Series 2024-5A-A3 |  | 4.45% | 03/15/2028 | 2393316 |
|  | Foundation Finance Trust |  |  |  |  |
| 5150000 | &nbsp;&nbsp;Series 2025-3A-B |  | 4.87 %<sup>(a)</sup> | 08/15/2052 | 5163150 |
|  | Global Sea Containers Two SRL |  |  |  |  |
| 2099464 | &nbsp;&nbsp;Series 2020-1A-A |  | 2.17 %<sup>(a)</sup> | 10/17/2040 | 2017909 |
|  | GreenSky LLC |  |  |  |  |
| 5991948 | &nbsp;&nbsp;Series 2024-2-B |  | 5.26 %<sup>(a)</sup> | 10/27/2059 | 6073392 |
| 1823866 | &nbsp;&nbsp;Series 2025-1A-A4 |  | 5.22 %<sup>(a)</sup> | 03/25/2060 | 1852492 |
| 1786085 | &nbsp;&nbsp;Series 2025-2A-A4 |  | 4.89 %<sup>(a)</sup> | 06/25/2060 | 1800694 |
| 5250000 | &nbsp;&nbsp;Series 2025-3A-A1 |  | 4.34 %<sup>(a)</sup> | 12/27/2060 | 5258627 |
|  | HERO Funding Trust |  |  |  |  |
| 540635 | &nbsp;&nbsp;Series 2016-1A-A |  | 4.05 %<sup>(a)</sup> | 09/20/2041 | 526804 |
|  | Horizon Aircraft Finance Ltd. |  |  |  |  |
| 9808556 | &nbsp;&nbsp;Series 2019-2-A |  | 3.43 %<sup>(a)</sup> | 11/15/2039 | 9566471 |
|  | Jack in the Box, Inc. |  |  |  |  |
| 4300538 | &nbsp;&nbsp;Series 2019-1A-A2II |  | 4.48 %<sup>(a)</sup> | 08/25/2049 | 4268839 |
|  | Jimmy Johns LLC |  |  |  |  |
| 11001375 | &nbsp;&nbsp;Series 2017-1A-A2II |  | 4.85 %<sup>(a)</sup> | 07/30/2047 | 11001698 |
|  | Laurel Road Prime Student Loan Trust |  |  |  |  |
| 59826 | &nbsp;&nbsp;Series 2017-B-CFX |  | 3.61 %<sup>(a)</sup> | 08/25/2042 | 59761 |
|  | Loanpal Solar Loan Ltd. |  |  |  |  |
| 5520125 | &nbsp;&nbsp;Series 2020-3GS-A |  | 2.47 %<sup>(a)</sup> | 12/20/2047 | 4682975 |
| 3408914 | &nbsp;&nbsp;Series 2021-1GS-A |  | 2.29 %<sup>(a)</sup> | 01/20/2048 | 2883822 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
|  | Mariner Finance Issuance Trust |  |  |  |  |  |
| 1500000 | &nbsp;&nbsp;Series 2025-AA-B |  | 5.33 %<sup>(a)</sup> |  | 05/20/2038 | 1521095 |
|  | Mosaic Solar Loans LLC |  |  |  |  |  |
| 414656 | &nbsp;&nbsp;Series 2017-1A-A |  | 4.45 %<sup>(a)</sup> |  | 06/20/2042 | 408102 |
| 3677188 | &nbsp;&nbsp;Series 2020-2A-B |  | 2.21 %<sup>(a)</sup> |  | 08/20/2046 | 3071769 |
|  | Navient Student Loan Trust |  |  |  |  |  |
| 1749992 | &nbsp;&nbsp;Series 2018-A-B |  | 3.68 %<sup>(a)</sup> |  | 02/18/2042 | 1734438 |
| 5058003 | &nbsp;&nbsp;Series 2022-A-A |  | 2.23 %<sup>(a)</sup> |  | 07/15/2070 | 4639339 |
|  | Pagaya AI Debt Selection Trust |  |  |  |  |  |
| 1882006 | &nbsp;&nbsp;Series 2021-5-C |  | 3.93 %<sup>(a)</sup> |  | 08/15/2029 | 1863518 |
| 3824528 | &nbsp;&nbsp;Series 2024-10-B |  | 5.75 %<sup>(a)</sup> |  | 06/15/2032 | 3850384 |
| 4999573 | &nbsp;&nbsp;Series 2025-1-B |  | 5.63 %<sup>(a)</sup> |  | 07/15/2032 | 5042769 |
| 5250000 | &nbsp;&nbsp;Series 2025-7-A1 |  | 4.27 %<sup>(a)</sup> |  | 11/16/2026 | 5251874 |
|  | Reach Financial LLC |  |  |  |  |  |
| 2180472 | &nbsp;&nbsp;Series 2025-1A-A |  | 4.96 %<sup>(a)</sup> |  | 08/16/2032 | 2187366 |
|  | Sierra Timeshare Conduit Receivables Funding LLC |  |  |  |  |  |
| 494788 | &nbsp;&nbsp;Series 2021-2A-C |  | 1.95 %<sup>(a)</sup> |  | 09/20/2038 | 492507 |
|  | Slam Ltd. |  |  |  |  |  |
| 5909176 | &nbsp;&nbsp;Series 2024-1A-A |  | 5.34 %<sup>(a)</sup> |  | 09/15/2049 | 5951066 |
|  | SOFI Alternative Trust |  |  |  |  |  |
| 676861 | &nbsp;&nbsp;Series 2021-1-PT1 |  | 9.72 %<sup>(a)(b)</sup> |  | 05/25/2030 | 657422 |
| 218428 | &nbsp;&nbsp;Series 2021-2-A |  | 1.25 %<sup>(a)</sup> |  | 08/15/2030 | 218390 |
| 1091079 | &nbsp;&nbsp;Series 2021-3-A |  | 1.50 %<sup>(a)</sup> |  | 11/15/2030 | 1087971 |
|  | SoFi Consumer Loan Program Trust |  |  |  |  |  |
| 9700000 | &nbsp;&nbsp;Series 2025-1-B |  | 5.12 %<sup>(a)</sup> |  | 02/27/2034 | 9814064 |
| 6000000 | &nbsp;&nbsp;Series 2025-3-B |  | 4.67 %<sup>(a)</sup> |  | 08/15/2034 | 6024204 |
| 4500000 | &nbsp;&nbsp;Series 2025-4-B |  | 4.60 %<sup>(a)</sup> |  | 08/25/2035 | 4518250 |
|  | Start/Bermuda |  |  |  |  |  |
| 1122865 | &nbsp;&nbsp;Series 2018-1-A |  | 4.09 %<sup>(a)</sup> |  | 05/15/2043 | 1123220 |
|  | TAL Advantage LLC |  |  |  |  |  |
| 2064250 | &nbsp;&nbsp;Series 2020-1A-A |  | 2.05 %<sup>(a)</sup> |  | 09/20/2045 | 1978245 |
|  | Tesla Sustainable Energy Trust |  |  |  |  |  |
| 9509826 | &nbsp;&nbsp;Series 2024-1A-A2 |  | 5.08 %<sup>(a)</sup> |  | 06/21/2050 | 9555922 |
|  | Thunderbolt Aircraft Lease |  |  |  |  |  |
| 2386998 | &nbsp;&nbsp;Series 2018-A-A |  | 5.96 %<sup>(a)(c)</sup> |  | 09/15/2038 | 2393071 |
|  | TIF Funding LLC |  |  |  |  |  |
| 2318021 | &nbsp;&nbsp;Series 2021-1A-A |  | 1.65 %<sup>(a)</sup> |  | 02/20/2046 | 2127974 |
|  | Upgrade Master Pass-Thru Trust |  |  |  |  |  |
| 142789 | &nbsp;&nbsp;Series 2021-PT3-A |  | 15.69 %<sup>(a)(b)</sup> |  | 07/15/2027 | 136059 |
| 3022504 | &nbsp;&nbsp;Series 2025-ST2-A |  | 6.11 %<sup>(a)</sup> |  | 06/15/2032 | 3061189 |
| 2076582 | &nbsp;&nbsp;Series 2025-ST4-A |  | 5.50 %<sup>(a)</sup> |  | 08/16/2032 | 2088562 |
|  | Upstart Securitization Trust |  |  |  |  |  |
| 5500000 | &nbsp;&nbsp;Series 2025-3-A2 |  | 4.60 %<sup>(a)</sup> |  | 09/20/2035 | 5514092 |
| 3638651 | &nbsp;&nbsp;Series 2025-4-A1 |  | 4.34 %<sup>(a)</sup> |  | 11/20/2026 | 3640456 |
|  | Westlake Automobile Receivables Trust |  |  |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2025-2A-D |  | 5.08 %<sup>(a)</sup> |  | 05/15/2031 | 1008694 |
|  | Willis Lease Finance Corp. |  |  |  |  |  |
| 5220499 | &nbsp;&nbsp;Series 2020-A-A |  | 3.23 %<sup>(a)</sup> |  | 03/15/2045 | 5062381 |
|  | **Total Asset Backed Obligations (Cost $244,227,070)** | **Total Asset Backed Obligations (Cost $244,227,070)** | **Total Asset Backed Obligations (Cost $244,227,070)** | **Total Asset Backed Obligations (Cost $244,227,070)** |  | **242826754** |
| **BANK LOANS - 2.0%** | **BANK LOANS - 2.0%** | **BANK LOANS - 2.0%** |  |  |  |  |
|  | 1011778 BC ULC |  |  |  |  |  |
| 3536766 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) |  | 5.47% |  | 09/23/2030 | 3545608 |
|  | Allison Transmission, Inc. |  |  |  |  |  |
| 970000 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) |  | 5.47% |  | 01/03/2033 | 976266 |
|  | APi Group DE, Inc. |  |  |  |  |  |
| 2947114 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) |  | 5.47% |  | 01/03/2029 | 2961540 |
|  | Aramark Services, Inc. |  |  |  |  |  |
| 1125689 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) |  | 5.47% |  | 06/24/2030 | 1130963 |
|  | Burlington Coat Factory Warehouse Corp. |  |  |  |  |  |
| 2508138 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) |  | 5.67% |  | 09/19/2031 | 2516490 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Calpine Corp. |  |  |  |
| 2480886 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 01/31/2031 | 2483503 |
|  | Colossus Acquireco LLC |  |  |  |
| 2149613 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.41% | 07/30/2032 | 2150580 |
|  | CommScope LLC |  |  |  |
| 3284999 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 2.00% Floor) | 8.67% | 12/17/2029 | 3295445 |
| 1 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 2.00% Floor) | 8.67% | 12/17/2029 | 1 |
|  | Corpay Technologies Operating Co. LLC |  |  |  |
| 2729156 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 04/28/2028 | 2735010 |
|  | CPI Holdco B LLC |  |  |  |
| 425972 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 05/19/2031 | 427363 |
|  | Cyborg Oldco DC Holdings, Inc. |  |  |  |
| 320815 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 7.30 %<sup>(d)(e)</sup> | 05/01/2026 |  |
|  | Delta 2 Lux Sarl |  |  |  |
| 1200000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 1.75%, 0.50% Floor) | 5.42% | 09/19/2031 | 1205700 |
|  | Dynasty Acquisition Co., Inc. |  |  |  |
| 261888 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 10/31/2031 | 263169 |
| 688512 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 10/31/2031 | 691879 |
|  | Energizer Holdings, Inc. |  |  |  |
| 2443343 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.73% | 03/19/2032 | 2448951 |
|  | Flutter Financing BV |  |  |  |
| 2121692 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 1.75%, 0.50% Floor) | 5.42% | 11/29/2030 | 2122573 |
|  | Froneri US, Inc. |  |  |  |
| 439203 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.45% | 09/30/2031 | 439525 |
| 846140 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.45% | 09/30/2031 | 846762 |
| 1651495 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.45% | 09/30/2031 | 1652709 |
|  | Gen Digital, Inc. |  |  |  |
| 1223850 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 04/16/2032 | 1226298 |
|  | Go Daddy Operating Co. LLC |  |  |  |
| 3679078 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 11/13/2029 | 3689085 |
|  | Iron Mountain, Inc. |  |  |  |
| 2138059 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 01/31/2031 | 2140732 |
|  | NRG Energy, Inc. |  |  |  |
| 3677952 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.59% | 04/16/2031 | 3693307 |
|  | Prime Security Services Borrower LLC |  |  |  |
| 653914 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.58% | 03/08/2032 | 653054 |
| 2497126 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.58% | 03/08/2032 | 2493843 |
|  | Resideo Funding, Inc. |  |  |  |
| 1012463 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 08/13/2032 | 1016259 |
|  | Reynolds Consumer Products LLC |  |  |  |
| 2015245 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 03/04/2032 | 2030108 |
|  | Six Flags Entertainment Corp. |  |  |  |
| 1566150 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 05/01/2031 | 1550809 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **RATE** | **MATURITY** | **VALUE $** |
|  | Solstice Advanced Materials, Inc. |  |  |  |  |
| 905000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) |  | 5.59% | 10/29/2032 | 910941 |
|  | Somnigroup International, Inc. |  |  |  |  |
| 1906811 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) |  | 5.91% | 10/24/2031 | 1921903 |
|  | Standard Industries, Inc./NY |  |  |  |  |
| 1472508 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.50% Floor) |  | 5.48% | 09/22/2028 | 1480460 |
|  | Trans Union LLC |  |  |  |  |
| 715400 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) |  | 5.47% | 06/24/2031 | 717908 |
| 2840874 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.50% Floor) |  | 5.47% | 06/24/2031 | 2849467 |
|  | Vertiv Group Corp. |  |  |  |  |
| 1766125 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) |  | 5.61% | 08/12/2032 | 1776660 |
|  | Walker & Dunlop, Inc. |  |  |  |  |
| 347375 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) |  | 5.73% | 03/15/2032 | 349546 |
|  | WMG Acquisition Corp. |  |  |  |  |
| 2160000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 1.75%, 0.00% Floor) |  | 5.57% | 01/24/2031 | 2170800 |
|  | Wyndham Hotels & Resorts, Inc. |  |  |  |  |
| 2127471 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) |  | 5.47% | 05/28/2030 | 2135449 |
|  | **Total Bank Loans (Cost $64,696,709)** | **Total Bank Loans (Cost $64,696,709)** |  |  | **64700666** |
| **COLLATERALIZED LOAN OBLIGATIONS - 12.6%** | **COLLATERALIZED LOAN OBLIGATIONS - 12.6%** | **COLLATERALIZED LOAN OBLIGATIONS - 12.6%** |  |  |  |
|  | Allegro CLO Ltd. |  |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2022-1A-A1R (3 mo. Term SOFR + 1.18%, 1.18% Floor) |  | 5.06 %<sup>(a)</sup> | 04/20/2038 | 5000427 |
| 10000000 | &nbsp;&nbsp;Series 2024-2A-A1 (3 mo. Term SOFR + 1.50%, 1.50% Floor) |  | 5.37 %<sup>(a)</sup> | 07/24/2037 | 10036000 |
|  | Apidos CLO |  |  |  |  |
| 7500000 | &nbsp;&nbsp;Series 2022-39A-A1R (3 mo. Term SOFR + 1.23%, 1.23% Floor) |  | 5.40 %<sup>(a)</sup> | 10/21/2038 | 7518175 |
|  | Atlas Senior Loan Fund Ltd. |  |  |  |  |
| 2000000 | &nbsp;&nbsp;Series 2018-11A-B (3 mo. Term SOFR + 1.91%, 0.00% Floor) |  | 5.77 %<sup>(a)</sup> | 07/26/2031 | 2001947 |
|  | Battalion CLO Ltd. |  |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2021-20A-AR (3 mo. Term SOFR + 1.22%, 1.22% Floor) |  | 5.12 %<sup>(a)</sup> | 04/15/2038 | 10018881 |
| 10000000 | &nbsp;&nbsp;Series 2022-23A-A1R (3 mo. Term SOFR + 1.42%, 1.42% Floor) |  | 5.32 %<sup>(a)</sup> | 10/15/2037 | 10041520 |
|  | Benefit Street Partners CLO Ltd. |  |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2023-32A-AR (3 mo. Term SOFR + 1.21%, 1.21% Floor) |  | 5.07 %<sup>(a)</sup> | 10/25/2038 | 5004871 |
| 6500000 | &nbsp;&nbsp;Series 2024-37A-A (3 mo. Term SOFR + 1.35%, 1.35% Floor) |  | 5.21 %<sup>(a)</sup> | 01/25/2038 | 6524811 |
|  | Bridge Street CLO Ltd. |  |  |  |  |
| 6000000 | &nbsp;&nbsp;Series 2020-1A-A1R (3 mo. Term SOFR + 1.55%, 1.55% Floor) |  | 5.43 %<sup>(a)</sup> | 07/20/2037 | 6024076 |
| 10500000 | &nbsp;&nbsp;Series 2021-1A-A1A (3 mo. Term SOFR + 1.49%, 1.23% Floor) |  | 5.38 %<sup>(a)</sup> | 07/20/2034 | 10500525 |
|  | Carlyle Global Market Strategies |  |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2022-2A-A1R (3 mo. Term SOFR + 1.36%, 1.36% Floor) |  | 5.24 %<sup>(a)</sup> | 01/20/2038 | 10041741 |
| 5000000 | &nbsp;&nbsp;Series 2023-3A-A1R (3 mo. Term SOFR + 1.23%, 1.23% Floor) |  | 5.13 %<sup>(a)</sup> | 10/15/2038 | 5012125 |
|  | CarVal CLO |  |  |  |  |
| 4000000 | &nbsp;&nbsp;Series 2024-2A-A (3 mo. Term SOFR + 1.46%, 1.46% Floor) |  | 5.34 %<sup>(a)</sup> | 07/20/2037 | 4016044 |
|  | CBAM Ltd. |  |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2017-1A-AR2 (3 mo. Term SOFR + 1.39%, 1.39% Floor) |  | 5.27 %<sup>(a)</sup> | 01/20/2038 | 10044662 |
| 4500000 | &nbsp;&nbsp;Series 2017-2A-AR (3 mo. Term SOFR + 1.45%, 1.19% Floor) |  | 5.33 %<sup>(a)</sup> | 07/17/2034 | 4504874 |
| 3000000 | &nbsp;&nbsp;Series 2020-13A-A (3 mo. Term SOFR + 1.69%, 1.43% Floor) |  | 5.58 %<sup>(a)</sup> | 01/20/2034 | 3006034 |
|  | Cedar Funding Ltd. |  |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2018-9A-AR (3 mo. Term SOFR + 1.42%, 1.42% Floor) |  | 5.30 %<sup>(a)</sup> | 07/20/2037 | 10037570 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
|  | CFIP CLO Ltd. |  |  |  |  |
| 10350000 | &nbsp;&nbsp;Series 2017-1A-AR (3 mo. Term SOFR + 1.49%, 1.23% Floor) | 5.38 %<sup>(a)</sup> |  | 10/18/2034 | 10359521 |
|  | Eldridge CLO Ltd. |  |  |  |  |
| 7500000 | &nbsp;&nbsp;Series 2025-1A-A1 (3 mo. Term SOFR + 1.33%, 1.33% Floor) | 5.25 %<sup>(a)</sup> |  | 10/20/2038 | 7524300 |
|  | Halcyon Loan Advisors Funding Ltd. |  |  |  |  |
| 13423 | &nbsp;&nbsp;Series 2013-2A-D (3 mo. Term SOFR + 4.06%, 0.00% Floor) | 7.92 %<sup>(a)</sup> |  | 08/01/2026 | 12924 |
|  | LCM LP |  |  |  |  |
| 1009873 | &nbsp;&nbsp;Series 17A-A2RR (3 mo. Term SOFR + 1.41%, 1.15% Floor) | 5.32 %<sup>(a)</sup> |  | 10/15/2031 | 1010860 |
|  | Magnetite CLO Ltd. |  |  |  |  |
| 20000000 | &nbsp;&nbsp;Series 2024-42A-A1 (3 mo. Term SOFR + 1.31%, 1.31% Floor) | 5.17 %<sup>(a)</sup> |  | 01/25/2038 | 20084900 |
|  | Marble Point CLO |  |  |  |  |
| 29500000 | &nbsp;&nbsp;Series 2020-1A-AR (3 mo. Term SOFR + 1.44%, 1.44% Floor) | 5.32 %<sup>(a)</sup> |  | 07/20/2037 | 29625198 |
| 23000000 | &nbsp;&nbsp;Series 2021-3A-A1 (3 mo. Term SOFR + 1.50%, 1.24% Floor) | 5.38 %<sup>(a)</sup> |  | 10/17/2034 | 23026202 |
|  | MP CLO Ltd. |  |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2015-2A-ARR (3 mo. Term SOFR + 1.46%, 1.20% Floor) | 5.32 %<sup>(a)</sup> |  | 04/28/2034 | 10011315 |
|  | Nassau Global Credit LLC |  |  |  |  |
| 488750 | &nbsp;&nbsp;Series 2018-IA-A (3 mo. Term SOFR + 1.41%, 0.00% Floor) | 5.32 %<sup>(a)</sup> |  | 07/15/2031 | 488984 |
|  | OCP CLO Ltd. |  |  |  |  |
| 20000000 | &nbsp;&nbsp;Series 2017-14A-A1R (3 mo. Term SOFR + 1.37%, 1.37% Floor) | 5.25 %<sup>(a)</sup> |  | 07/20/2037 | 20078166 |
| 9000000 | &nbsp;&nbsp;Series 2020-18A-A1R2 (3 mo. Term SOFR + 1.37%, 1.37% Floor) | 5.25 %<sup>(a)</sup> |  | 07/20/2037 | 9037818 |
|  | Octagon Investment Partners Ltd. |  |  |  |  |
| 27500000 | &nbsp;&nbsp;Series 2019-4A-A1RR (3 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.24 %<sup>(a)</sup> |  | 08/12/2037 | 27625590 |
|  | OHA Credit Funding Ltd. |  |  |  |  |
| 25000000 | &nbsp;&nbsp;Series 2023-16RA-A1 (3 mo. Term SOFR + 1.20%, 1.20% Floor) | 5.08 %<sup>(a)</sup> |  | 10/20/2038 | 25026270 |
|  | Sound Point CLO Ltd. |  |  |  |  |
| 25000000 | &nbsp;&nbsp;Series 2019-2A-AR (3 mo. Term SOFR + 1.43%, 1.17% Floor) | 5.34 %<sup>(a)</sup> |  | 07/15/2034 | 25023495 |
| 20000000 | &nbsp;&nbsp;Series 2020-1A-AR (3 mo. Term SOFR + 1.43%, 1.43% Floor) | 5.32 %<sup>(a)</sup> |  | 07/20/2034 | 20018122 |
| 10000000 | &nbsp;&nbsp;Series 2024-5A-A1 (3 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.27 %<sup>(a)</sup> |  | 10/20/2037 | 10039582 |
|  | Trestles LLC |  |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2023-6A-A1R (3 mo. Term SOFR + 1.18%, 1.18% Floor) | 5.04 %<sup>(a)</sup> |  | 04/25/2038 | 5000385 |
|  | Trimaran CAVU LLC |  |  |  |  |
| 20000000 | &nbsp;&nbsp;Series 2021-3A-A (3 mo. Term SOFR + 1.47%, 1.21% Floor) | 5.36 %<sup>(a)</sup> |  | 01/18/2035 | 20020866 |
|  | Warwick Capital CLO Ltd. |  |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2023-1A-AR (3 mo. Term SOFR + 1.28%, 1.28% Floor) | 5.25 %<sup>(a)</sup> |  | 10/20/2038 | 5015346 |
|  | Wellesley Park CLO Ltd. |  |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2025-1A-A (3 mo. Term SOFR + 1.20%, 1.20% Floor) | 5.11 %<sup>(a)</sup> |  | 01/24/2039 | 10010574 |
|  | Wellington Management CLO 3 Ltd. |  |  |  |  |
| 10000000 | &nbsp;&nbsp;Series 2025-4A-A (3 mo. Term SOFR + 1.15%, 1.15% Floor) | 5.03 %<sup>(a)</sup> |  | 04/18/2038 | 9992792 |
|  | **Total Collateralized Loan Obligations (Cost $407,386,309)** | **Total Collateralized Loan Obligations (Cost $407,386,309)** | **Total Collateralized Loan Obligations (Cost $407,386,309)** |  | **408367493** |
| **FOREIGN CORPORATE BONDS - 4.0%** | **FOREIGN CORPORATE BONDS - 4.0%** | **FOREIGN CORPORATE BONDS - 4.0%** |  |  |  |
| 382500 | Adani International Container Terminal Pvt Ltd. | 3.00% |  | 02/16/2031 | 352683 |
| 500000 | Adani Ports & Special Economic Zone Ltd. | 4.00% |  | 07/30/2027 | 491436 |
| 600000 | Adani Transmission Step-One Ltd. | 4.00% |  | 08/03/2026 | 595759 |
| 2886000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 6.45% |  | 04/15/2027 | 2965724 |
| 1374000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 5.75% |  | 06/06/2028 | 1424164 |
| 1035411 | AL Candelaria Spain SA | 7.50% |  | 12/15/2028 | 1050051 |
| 200000 | AngloGold Ashanti Holdings PLC | 3.38% |  | 11/01/2028 | 194118 |
| 2289000 | Ashtead Capital, Inc. | 4.25 %<sup>(a)</sup> |  | 11/01/2029 | 2264766 |
| 2326000 | Avilease Capital Ltd. | 4.75 %<sup>(a)</sup> |  | 11/12/2030 | 2309277 |
| 2173000 | Avolon Holdings Funding Ltd. | 6.38 %<sup>(a)</sup> |  | 05/04/2028 | 2264939 |
| 2468000 | Avolon Holdings Funding Ltd. | 5.38 %<sup>(a)</sup> |  | 05/30/2030 | 2536665 |
| 4638000 | BAE Systems PLC | 3.40 %<sup>(a)</sup> |  | 04/15/2030 | 4485501 |
| 1600000 | Banco de Bogota SA | 6.25% |  | 05/12/2026 | 1608011 |
| 200000 | Banco de Credito del Peru SA<br> (5 yr. CMT Rate + 2.45%) | 3.25% |  | 09/30/2031 | 197365 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **RATE** | **MATURITY** | **VALUE $** |
| 1500000 | Banco de Credito del Peru SA<br> (5 yr. CMT Rate + 2.45%) |  | 3.25 %<sup>(a)</sup> | 09/30/2031 | 1480237 |
| 1500000 | Banco Industrial SA/Guatemala<br> (5 yr. CMT Rate + 4.44%) |  | 4.88% | 01/29/2031 | 1496400 |
| 1000000 | Banco Internacional del Peru SAA Interbank<br> (5 yr. CMT Rate + 2.07%) |  | 6.40% | 04/30/2035 | 1051250 |
| 400000 | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santander<br> (5 yr. CMT Rate + 3.00%) |  | 7.53% | 10/01/2028 | 429550 |
| 1130000 | Bank of Ireland Group PLC<br> (SOFR + 1.62%) |  | 5.60 %<sup>(a)</sup> | 03/20/2030 | 1174398 |
| 3086000 | Bank of Montreal<br> (SOFR + 1.25%) |  | 4.64% | 09/10/2030 | 3126870 |
| 3764000 | Banque Federative du Credit Mutuel SA |  | 4.59 %<sup>(a)</sup> | 10/16/2028 | 3805430 |
| 136000 | BAT Capital Corp. |  | 4.91% | 04/02/2030 | 139067 |
| 1855000 | BAT International Finance PLC |  | 1.67% | 03/25/2026 | 1844918 |
| 2177000 | BAT International Finance PLC |  | 5.93% | 02/02/2029 | 2287506 |
| 1800000 | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX<br> (5 yr. CMT Rate + 4.31%) | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX<br> (5 yr. CMT Rate + 4.31%) | 5.88% | 09/13/2034 | 1798346 |
| 3110000 | BPCE SA<br> (SOFR + 1.68%) |  | 5.88 %<sup>(a)</sup> | 01/14/2031 | 3251751 |
| 600000 | BRF GmbH |  | 4.35% | 09/29/2026 | 594914 |
| 2840000 | CaixaBank SA<br> (SOFR + 2.70%) |  | 6.21 %<sup>(a)</sup> | 01/18/2029 | 2953357 |
| 5342000 | Canadian Pacific Railway Co. |  | 4.80% | 03/30/2030 | 5467959 |
| 1400000 | Cemex SAB de CV<br> (5 yr. CMT Rate + 4.53%) |  | 5.13 %<sup>(f)</sup> | 06/08/2026 | 1400703 |
| 300000 | Cencosud SA |  | 4.38% | 07/17/2027 | 300301 |
| 2350835 | Chile Electricity PEC SpA |  | 0.00 %<sup>(a)</sup> | 01/25/2028 | 2118690 |
| 147000 | Cometa Energia SAB de CV |  | 6.38% | 04/24/2035 | 154268 |
| 1200000 | Cosan Luxembourg SA |  | 5.50% | 09/20/2029 | 1176258 |
| 3114000 | Credit Agricole SA<br> (SOFR + 1.13%) |  | 5.23 %<sup>(a)</sup> | 01/09/2029 | 3181253 |
| 1952000 | Daimler Truck Finance North America LLC |  | 4.30 %<sup>(a)</sup> | 08/12/2027 | 1961670 |
| 1400000 | DBS Group Holdings Ltd.<br> (5 yr. CMT Rate + 1.10%) |  | 1.82% | 03/10/2031 | 1391201 |
| 1011000 | Diageo Investment Corp. |  | 5.13% | 08/15/2030 | 1047900 |
| 198552 | Digicel Group Holdings Ltd. |  | 0.00 %<sup>(a)(e)</sup> | 12/31/2030 | 1327 |
| 255680 | Digicel Group Holdings Ltd. |  | 0.00 %<sup>(a)(e)</sup> | 12/31/2030 | 11996 |
| 3060000 | Element Fleet Management Corp. |  | 6.32 %<sup>(a)</sup> | 12/04/2028 | 3228650 |
| 2534000 | Element Fleet Management Corp. |  | 5.04 %<sup>(a)</sup> | 03/25/2030 | 2591076 |
| 397936 | Empresa Electrica Angamos SA |  | 4.88% | 05/25/2029 | 364796 |
| 788800 | Empresa Electrica Cochrane SpA |  | 5.50% | 05/14/2027 | 783860 |
| 1198000 | Enbridge, Inc. |  | 6.00% | 11/15/2028 | 1259394 |
| 2478000 | Enel Finance International NV |  | 5.13 %<sup>(a)</sup> | 06/26/2029 | 2544331 |
| 2415000 | Enel Finance International NV |  | 4.38 %<sup>(a)</sup> | 09/30/2030 | 2406673 |
| 950000 | Freeport Indonesia PT |  | 4.76 %<sup>(a)</sup> | 04/14/2027 | 956380 |
| 1300000 | Freeport-McMoRan, Inc. |  | 4.13% | 03/01/2028 | 1296683 |
| 139838 | Galaxy Pipeline Assets Bidco Ltd. |  | 2.16% | 03/31/2034 | 126775 |
| 847440 | GNL Quintero SA |  | 4.63% | 07/31/2029 | 848370 |
| 500000 | Gold Fields Orogen Holdings BVI Ltd. |  | 6.13% | 05/15/2029 | 525873 |
| 254000 | Grupo de Inversiones Suramericana SA |  | 5.50% | 04/29/2026 | 253750 |
| 810315 | Guara Norte Sarl |  | 5.20% | 06/15/2034 | 791586 |
| 200000 | HSBC Holdings PLC<br> (SOFR + 1.04%) |  | 4.92% | 11/19/2028 | 200891 |
| 2832000 | Imperial Brands Finance PLC |  | 4.50 %<sup>(a)</sup> | 06/30/2028 | 2855460 |
| 600000 | InRetail Consumer |  | 3.25% | 03/22/2028 | 586446 |
| 750000 | Intercorp Financial Services, Inc. |  | 4.13% | 10/19/2027 | 748603 |
| 35034 | Invepar Holdings |  | 0.00 %<sup>(d)(e)</sup> | 12/30/2028 |  |
| 200000 | Itau Unibanco Holding SA/Cayman Island<br> (5 yr. CMT Rate + 3.45%) |  | 3.88% | 04/15/2031 | 199572 |
| 903500 | JSW Hydro Energy Ltd. |  | 4.13% | 05/18/2031 | 841395 |
| 700000 | JSW Infrastructure Ltd. |  | 4.95% | 01/21/2029 | 702100 |
| 229419 | Lima Metro Line 2 Finance Ltd. |  | 4.35% | 04/05/2036 | 224489 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 1610822 | Mexico Generadora de Energia S de RL | 5.50% | 12/06/2032 | 1638266 |
| 1890000 | Millicom International Cellular SA | 5.13% | 01/15/2028 | 1887696 |
| 719200 | Minejesa Capital BV | 4.63% | 08/10/2030 | 717120 |
| 900000 | Minerva Luxembourg SA | 5.88% | 01/19/2028 | 899454 |
| 434536 | Mong Duong Finance Holdings BV | 5.13% | 05/07/2029 | 430132 |
| 555224 | MV24 Capital BV | 6.75% | 06/01/2034 | 551493 |
| 261000 | Nationwide Building Society<br> (SOFR + 1.91%) | 6.56 %<sup>(a)</sup> | 10/18/2027 | 265975 |
| 3149000 | NatWest Group PLC<br> (1 yr. CMT Rate + 1.22%) | 4.96% | 08/15/2030 | 3215028 |
| 1000000 | NBM US Holdings, Inc. | 7.00% | 05/14/2026 | 1001885 |
| 800000 | NBM US Holdings, Inc. | 6.63% | 08/06/2029 | 810372 |
| 2520000 | Nutrien Ltd. | 4.90% | 03/27/2028 | 2567866 |
| 1713000 | NXP BV / NXP Funding LLC / NXP USA, Inc. | 4.30% | 08/19/2028 | 1719733 |
| 1400000 | Oversea-Chinese Banking Corp. Ltd.<br> (5 yr. CMT Rate + 1.58%) | 4.60% | 06/15/2032 | 1405915 |
| 1176694 | Prumo Participacoes e Investimentos S/A | 7.50% | 12/31/2031 | 1208106 |
| 500000 | Reliance Industries Ltd. | 3.67% | 11/30/2027 | 496071 |
| 3206000 | Rio Tinto Finance USA PLC | 4.88% | 03/14/2030 | 3295348 |
| 4940000 | Royal Bank of Canada<br> (SOFR + 0.86%) | 4.82% | 10/18/2028 | 4964608 |
| 6070000 | SK hynix, Inc. | 4.25 %<sup>(a)</sup> | 09/11/2028 | 6091465 |
| 571000 | Telefonica Celular del Paraguay SA | 5.88% | 04/15/2027 | 569989 |
| 910000 | UBS Group AG<br> (1 yr. CMT Rate + 1.60%) | 6.33 %<sup>(a)</sup> | 12/22/2027 | 929175 |
| 600000 | Ultrapar International SA | 5.25% | 10/06/2026 | 600630 |
| 200000 | Ultrapar International SA | 5.25% | 06/06/2029 | 200039 |
| 1500000 | United Overseas Bank Ltd.<br> (5 yr. CMT Rate + 1.52%) | 1.75% | 03/16/2031 | 1492507 |
| 200000 | United Overseas Bank Ltd.<br> (5 yr. CMT Rate + 1.23%) | 2.00% | 10/14/2031 | 196422 |
| 500000 | Wipro IT Services LLC | 1.50% | 06/23/2026 | 493579 |
|  | **Total Foreign Corporate Bonds (Cost $126,393,688)** | **Total Foreign Corporate Bonds (Cost $126,393,688)** |  | **128374006** |
| **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 0.6%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 0.6%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 0.6%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 0.6%** |  |
| 1300000 | Banco Nacional de Comercio Exterior SNC/Cayman Islands (5 yr. CMT Rate + 2.00%) | 2.72% | 08/11/2031 | 1280734 |
| 1600000 | Bank Negara Indonesia Persero Tbk PT | 3.75% | 03/30/2026 | 1591979 |
| 1550467 | Bioceanico Sovereign Certificate Ltd. | 0.00% | 06/05/2034 | 1271771 |
| 700000 | BPRL International Singapore Pte Ltd. | 4.38% | 01/18/2027 | 700501 |
| 805500 | Chile Electricity Lux MPC Sarl | 6.01% | 01/20/2033 | 847314 |
| 200000 | Comision Federal de Electricidad | 4.69% | 05/15/2029 | 198248 |
| 1300000 | Comision Federal de Electricidad | 5.70 %<sup>(a)</sup> | 01/24/2030 | 1324570 |
| 1000000 | Corp. Nacional del Cobre de Chile | 3.63% | 08/01/2027 | 990526 |
| 1200000 | Dominican Republic International Bond | 5.50% | 02/22/2029 | 1217520 |
| 600000 | Guatemala Government Bond | 4.50% | 05/03/2026 | 600000 |
| 1200000 | Guatemala Government Bond | 5.25% | 08/10/2029 | 1217700 |
| 1257976 | Lima Metro Line 2 Finance Ltd. | 5.88% | 07/05/2034 | 1309693 |
| 200000 | Mexico Government International Bond | 5.00% | 05/07/2029 | 203600 |
| 400000 | MISC Capital Two Labuan Ltd. | 3.75% | 04/06/2027 | 397586 |
| 600000 | Morocco Government International Bond | 2.38% | 12/15/2027 | 576291 |
| 600000 | OCP SA | 6.10% | 04/30/2030 | 627435 |
| 1000000 | ONGC Videsh Vankorneft Pte Ltd. | 3.75% | 07/27/2026 | 997053 |
| 600000 | Paraguay Government International Bond | 5.00% | 04/15/2026 | 603000 |
| 143000 | Paraguay Government International Bond | 4.70% | 03/27/2027 | 144216 |
| 1646000 | Pertamina Persero PT | 1.40% | 02/09/2026 | 1639916 |
| 700000 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | 4.13% | 05/15/2027 | 698875 |
| 950000 | Petrobras Global Finance BV | 6.00% | 01/27/2028 | 968716 |
| 50000 | Petrobras Global Finance BV | 5.13% | 09/10/2030 | 49059 |
| 1200000 | TNB Global Ventures Capital Bhd | 3.24% | 10/19/2026 | 1192888 |
|  | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $20,187,539)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $20,187,539)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $20,187,539)** | **20649191** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 11.8%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 11.8%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 11.8%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 11.8%** |  |
|  | 1211 Avenue of the Americas Trust |  |  |  |
| 1720000 | &nbsp;&nbsp;Series 2015-1211-A1A2 | 3.90 %<sup>(a)</sup> | 08/10/2035 | 1665605 |
|  | 280 Park Avenue Mortgage Trust |  |  |  |
| 4830000 | &nbsp;&nbsp;Series 2017-280P-A (1 mo. Term SOFR + 1.18%, 1.13% Floor) | 4.96 %<sup>(a)</sup> | 09/15/2034 | 4815523 |
|  | ACREC Trust |  |  |  |
| 4800000 | &nbsp;&nbsp;Series 2025-FL3-A (1 mo. Term SOFR + 1.31%, 1.31% Floor) | 5.04 %<sup>(a)</sup> | 08/18/2042 | 4805976 |
|  | ACRES Commercial Realty Ltd. |  |  |  |
| 6380000 | &nbsp;&nbsp;Series 2025-FL3-A (1 mo. Term SOFR + 1.62%, 1.62% Floor) | 5.35 %<sup>(a)</sup> | 08/18/2040 | 6403370 |
|  | Alen Mortgage Trust |  |  |  |
| 2000000 | &nbsp;&nbsp;Series 2021-ACEN-B (1 mo. Term SOFR + 1.76%, 1.65% Floor) | 5.52 %<sup>(a)</sup> | 04/15/2034 | 1785664 |
|  | Arbor Multifamily Mortgage Securities Trust |  |  |  |
| 111251479 | &nbsp;&nbsp;Series 2021-MF2-XA | 1.10 %<sup>(a)(b)(g)</sup> | 06/15/2054 | 4993923 |
|  | Arbor Realty Trust, Inc. |  |  |  |
| 40902000 | &nbsp;&nbsp;Series 2020-MF1-XD | 0.55 %<sup>(a)(b)(g)</sup> | 05/15/2053 | 839988 |
| 765808 | &nbsp;&nbsp;Series 2021-FL4-A (1 mo. Term SOFR + 1.46%, 1.46% Floor) | 5.21 %<sup>(a)</sup> | 11/15/2036 | 766772 |
| 4039441 | &nbsp;&nbsp;Series 2022-FL1-A (30 day avg SOFR US + 1.45%, 1.45% Floor) | 5.43 %<sup>(a)</sup> | 01/15/2037 | 4044620 |
| 4200000 | &nbsp;&nbsp;Series 2025-FL1-A (1 mo. Term SOFR + 1.35%, 1.35% Floor) | 5.09 %<sup>(a)</sup> | 01/20/2043 | 4203532 |
|  | AREIT Trust |  |  |  |
| 1436919 | &nbsp;&nbsp;Series 2022-CRE6-A (30 day avg SOFR US + 1.25%, 1.25% Floor) | 5.19 %<sup>(a)</sup> | 01/20/2037 | 1439271 |
| 7220000 | &nbsp;&nbsp;Series 2025-CRE10-A (1 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.35 %<sup>(a)</sup> | 12/17/2029 | 7241429 |
| 4810000 | &nbsp;&nbsp;Series 2025-CRE11-A (1 mo. Term SOFR + 1.55%, 1.55% Floor) | 5.55 %<sup>(a)</sup> | 07/25/2043 | 4822006 |
|  | BANK5 Trust |  |  |  |
| 6433000 | &nbsp;&nbsp;Series 2023-5YR2-A3 | 6.66 %<sup>(b)</sup> | 07/15/2056 | 6765442 |
| 5022000 | &nbsp;&nbsp;Series 2024-5YR10-AS | 5.64% | 10/15/2057 | 5166364 |
| 21121680 | &nbsp;&nbsp;Series 2025-5YR14-XA | 0.98 %<sup>(b)(g)</sup> | 04/15/2058 | 798778 |
|  | BBCMS Trust |  |  |  |
| 11001000 | &nbsp;&nbsp;Series 2019-BWAY-E (1 mo. Term SOFR + 2.96%, 2.85% Floor) | 6.71 %<sup>(a)</sup> | 11/15/2034 | 71396 |
| 29456500 | &nbsp;&nbsp;Series 2021-C10-XB | 1.01 %<sup>(b)(g)</sup> | 07/15/2054 | 1404059 |
| 21205000 | &nbsp;&nbsp;Series 2021-C10-XD | 1.68 %<sup>(a)(b)(g)</sup> | 07/15/2054 | 1598840 |
| 2504000 | &nbsp;&nbsp;Series 2024-5C29-AS | 5.63% | 09/15/2057 | 2576723 |
| 53047035 | &nbsp;&nbsp;Series 2025-5C34-XA | 1.17 %<sup>(b)(g)</sup> | 05/15/2058 | 2421125 |
| 55522397 | &nbsp;&nbsp;Series 2025-C32-XA | 1.13 %<sup>(b)(g)</sup> | 02/15/2062 | 4564080 |
|  | BDS Ltd. |  |  |  |
| 2830758 | &nbsp;&nbsp;Series 2021-FL10-A (1 mo. Term SOFR + 1.46%, 1.46% Floor) | 5.20 %<sup>(a)</sup> | 12/16/2036 | 2838132 |
| 1180629 | &nbsp;&nbsp;Series 2022-FL11-ATS (1 mo. Term SOFR + 1.80%, 1.80% Floor) | 5.53 %<sup>(a)</sup> | 03/19/2039 | 1182064 |
| 7500000 | &nbsp;&nbsp;Series 2024-FL13-A (1 mo. Term SOFR + 1.58%, 1.58% Floor) | 5.31 %<sup>(a)</sup> | 09/19/2039 | 7525028 |
| 4150000 | &nbsp;&nbsp;Series 2025-FL15-A (1 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.13 %<sup>(a)</sup> | 03/19/2043 | 4160209 |
| 4420000 | &nbsp;&nbsp;Series 2025-FL16-A (1 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.40 %<sup>(a)</sup> | 07/19/2043 | 4426104 |
|  | Benchmark Mortgage Trust |  |  |  |
| 3788647 | &nbsp;&nbsp;Series 2019-B14-A2 | 2.91% | 12/15/2062 | 3676356 |
| 157277074 | &nbsp;&nbsp;Series 2020-IG1-XA | 0.51 %<sup>(b)(g)</sup> | 09/15/2043 | 2434806 |
| 147405672 | &nbsp;&nbsp;Series 2025-V14-XA | 0.77 %<sup>(b)(g)</sup> | 04/15/2057 | 4290846 |
| 64317000 | &nbsp;&nbsp;Series 2025-V17-XA | 1.51 %<sup>(b)(g)</sup> | 09/15/2058 | 3965240 |
|  | BFLD Trust |  |  |  |
| 3012000 | &nbsp;&nbsp;Series 2024-VICT-A (1 mo. Term SOFR + 1.89%, 1.89% Floor) | 5.64 %<sup>(a)</sup> | 07/15/2041 | 3029318 |
|  | BMO Mortgage Trust |  |  |  |
| 42099932 | &nbsp;&nbsp;Series 2025-5C12-XA | 1.44 %<sup>(b)(g)</sup> | 10/15/2058 | 2544006 |
| 38786559 | &nbsp;&nbsp;Series 2025-5C9-XA | 0.71 %<sup>(b)(g)</sup> | 04/15/2058 | 1058093 |
| 44251222 | &nbsp;&nbsp;Series 2025-C11-XA | 1.10 %<sup>(b)(g)</sup> | 02/15/2058 | 3476022 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Bombardier Capital Mortgage Securitization Corp. |  |  |  |
| 96854000 | &nbsp;&nbsp;Series 2025-5C7-XA | 1.44 %<sup>(b)(g)</sup> | 12/15/2058 | 5957431 |
|  | BrightSpire Capital, Inc. |  |  |  |
| 4084231 | &nbsp;&nbsp;Series 2021-FL1-A (1 mo. Term SOFR + 1.26%, 1.15% Floor) | 5.00 %<sup>(a)</sup> | 08/19/2038 | 4079575 |
| 13968000 | &nbsp;&nbsp;Series 2021-FL1-AS (1 mo. Term SOFR + 1.71%, 1.60% Floor) | 5.45 %<sup>(a)</sup> | 08/19/2038 | 13942550 |
| 6702000 | &nbsp;&nbsp;Series 2024-FL2-A (1 mo. Term SOFR + 1.95%, 1.95% Floor) | 5.68 %<sup>(a)</sup> | 08/19/2037 | 6710880 |
|  | BSPRT Co.-Issuer LLC |  |  |  |
| 7450000 | &nbsp;&nbsp;Series 2023-FL10-AS (1 mo. Term SOFR + 2.86%, 2.86% Floor) | 6.61 %<sup>(a)</sup> | 09/15/2035 | 7473482 |
|  | BX Trust |  |  |  |
| 2301478 | &nbsp;&nbsp;Series 2021-ACNT-B (1 mo. Term SOFR + 1.36%, 1.25% Floor) | 5.11 %<sup>(a)</sup> | 11/15/2038 | 2299436 |
| 4835282 | &nbsp;&nbsp;Series 2021-RISE-B (1 mo. Term SOFR + 1.36%, 1.25% Floor) | 5.11 %<sup>(a)</sup> | 11/15/2036 | 4833856 |
| 1930141 | &nbsp;&nbsp;Series 2021-XL2-A (1 mo. Term SOFR + 0.80%, 0.69% Floor) | 4.55 %<sup>(a)</sup> | 10/15/2038 | 1930033 |
| 2026500 | &nbsp;&nbsp;Series 2021-XL2-D (1 mo. Term SOFR + 1.51%, 1.40% Floor) | 5.26 %<sup>(a)</sup> | 10/15/2038 | 2026032 |
| 940000 | &nbsp;&nbsp;Series 2022-LBA6-B (1 mo. Term SOFR + 1.30%, 1.30% Floor) | 5.05 %<sup>(a)</sup> | 01/15/2039 | 940024 |
| 3028180 | &nbsp;&nbsp;Series 2025-BCAT-A (1 mo. Term SOFR + 1.38%, 1.38% Floor) | 5.13 %<sup>(a)</sup> | 08/15/2042 | 3036135 |
| 2251220 | &nbsp;&nbsp;Series 2025-ROIC-C (1 mo. Term SOFR + 1.54%, 1.54% Floor) | 5.29 %<sup>(a)</sup> | 03/15/2030 | 2246222 |
|  | CEDR Commercial Mortgage Trust |  |  |  |
| 3790000 | &nbsp;&nbsp;Series 2022-SNAI-A (1 mo. Term SOFR + 0.99%, 0.99% Floor) | 4.74 %<sup>(a)</sup> | 02/15/2039 | 3740054 |
|  | CFCRE Commercial Mortgage Trust |  |  |  |
| 7052892 | &nbsp;&nbsp;Series 2016-C4-XA | 1.44 %<sup>(b)(g)</sup> | 05/10/2058 | 5236 |
| 2475000 | &nbsp;&nbsp;Series 2016-C7-A3 | 3.84% | 12/10/2054 | 2459505 |
| 16201000 | &nbsp;&nbsp;Series 2017-C8-XB | 0.89 %<sup>(b)(g)</sup> | 06/15/2050 | 165522 |
|  | Citigroup Commercial Mortgage Trust |  |  |  |
| 5103588 | &nbsp;&nbsp;Series 2016-GC36-XA | 1.00 %<sup>(b)(g)</sup> | 02/10/2049 | 51 |
| 3096000 | &nbsp;&nbsp;Series 2016-P3-A4 | 3.33% | 04/15/2049 | 3086406 |
| 7336773 | &nbsp;&nbsp;Series 2016-P3-XA | 1.64 %<sup>(b)(g)</sup> | 04/15/2049 | 3927 |
| 2519000 | &nbsp;&nbsp;Series 2016-P4-B | 3.38% | 07/10/2049 | 2407588 |
| 11525820 | &nbsp;&nbsp;Series 2016-P4-XA | 1.88 %<sup>(b)(g)</sup> | 07/10/2049 | 19847 |
| 10560763 | &nbsp;&nbsp;Series 2017-P7-XA | 1.09 %<sup>(b)(g)</sup> | 04/14/2050 | 88125 |
|  | Citigroup/Deutsche Bank Commercial Mortgage Trust |  |  |  |
| 10573063 | &nbsp;&nbsp;Series 2016-C1-XA | 1.32 %<sup>(b)(g)</sup> | 05/10/2049 | 106 |
| 39874517 | &nbsp;&nbsp;Series 2017-CD3-XA | 0.97 %<sup>(b)(g)</sup> | 02/10/2050 | 299912 |
| 49892874 | &nbsp;&nbsp;Series 2017-CD4-XA | 1.21 %<sup>(b)(g)</sup> | 05/10/2050 | 492757 |
|  | Commercial Mortgage Pass Through Certificates |  |  |  |
| 1720821 | &nbsp;&nbsp;Series 2013-CR12-XA | 0.51 %<sup>(b)(g)</sup> | 10/10/2046 | 17 |
| 781170 | &nbsp;&nbsp;Series 2015-DC1-XA | 0.57 %<sup>(b)(g)</sup> | 02/10/2048 | 8 |
| 2859933 | &nbsp;&nbsp;Series 2016-DC2-XA | 0.77 %<sup>(b)(g)</sup> | 02/10/2049 | 29 |
| 11396000 | &nbsp;&nbsp;Series 2018-HCLV-D (1 mo. Term SOFR + 2.47%, 2.18% Floor) | 6.22 %<sup>(a)</sup> | 09/15/2033 | 3626179 |
|  | Computershare Corporate Trust |  |  |  |
| 1284241 | &nbsp;&nbsp;Series 2015-NXS2-XA | 0.00 %<sup>(b)(g)</sup> | 07/15/2058 | 13 |
| 4358459 | &nbsp;&nbsp;Series 2016-C33-XA | 1.45 %<sup>(b)(g)</sup> | 03/15/2059 | 44 |
| 19727299 | &nbsp;&nbsp;Series 2016-NXS6-XA | 1.54 %<sup>(b)(g)</sup> | 11/15/2049 | 50490 |
| 62905901 | &nbsp;&nbsp;Series 2017-C38-XA | 0.90 %<sup>(b)(g)</sup> | 07/15/2050 | 670634 |
| 19724906 | &nbsp;&nbsp;Series 2019-C52-XA | 1.57 %<sup>(b)(g)</sup> | 08/15/2052 | 867977 |
| 61361551 | &nbsp;&nbsp;Series 2021-C59-XA | 1.48 %<sup>(b)(g)</sup> | 04/15/2054 | 3444396 |
| 5250000 | &nbsp;&nbsp;Series 2022-ONL-A | 3.86 %<sup>(a)</sup> | 12/15/2039 | 5099036 |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 9873828 | &nbsp;&nbsp;Series 2014-USA-X1 | 0.54 %<sup>(a)(b)(g)</sup> | 09/15/2037 | 83978 |
|  | CSAIL Commercial Mortgage Trust |  |  |  |
| 1676428 | &nbsp;&nbsp;Series 2016-C6-XA | 1.75 %<sup>(b)(g)</sup> | 01/15/2049 | 17 |
| 121266142 | &nbsp;&nbsp;Series 2021-C20-XA | 0.99 %<sup>(b)(g)</sup> | 03/15/2054 | 4588238 |
|  | Franklin BSP Realty Trust, Inc. |  |  |  |
| 1298275 | &nbsp;&nbsp;Series 2022-FL8-A (30 day avg SOFR US + 1.50%, 1.50% Floor) | 5.48 %<sup>(a)</sup> | 02/15/2037 | 1299992 |
|  | FS RIALTO |  |  |  |
| 3046664 | &nbsp;&nbsp;Series 2021-FL2-A (1 mo. Term SOFR + 1.33%, 1.33% Floor) | 5.07 %<sup>(a)</sup> | 05/16/2038 | 3049762 |
| 3582949 | &nbsp;&nbsp;Series 2021-FL3-A (1 mo. Term SOFR + 1.36%, 1.36% Floor) | 5.10 %<sup>(a)</sup> | 11/16/2036 | 3589140 |
| 5740000 | &nbsp;&nbsp;Series 2025-FL10-A (1 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.12 %<sup>(a)</sup> | 08/19/2042 | 5753736 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Granite Point Mortgage Trust, Inc. |  |  |  |
| 424601 | &nbsp;&nbsp;Series 2021-FL3-A (1 mo. Term SOFR + 1.61%, 1.36% Floor) | 5.35 %<sup>(a)</sup> | 07/16/2035 | 425375 |
| 3406951 | &nbsp;&nbsp;Series 2021-FL4-A (1 mo. Term SOFR + 1.46%, 1.35% Floor) | 5.20 %<sup>(a)</sup> | 12/15/2036 | 3415844 |
|  | Great Wolf Trust |  |  |  |
| 4250000 | &nbsp;&nbsp;Series 2024-WOLF-A (1 mo. Term SOFR + 1.54%, 1.54% Floor) | 5.29 %<sup>(a)</sup> | 03/15/2039 | 4261237 |
|  | Greystone Commercial Real Estate Notes |  |  |  |
| 215588 | &nbsp;&nbsp;Series 2021-FL3-A (1 mo. Term SOFR + 1.13%, 1.02% Floor) | 4.88 %<sup>(a)</sup> | 07/15/2039 | 216047 |
| 10700000 | &nbsp;&nbsp;Series 2021-FL3-C (1 mo. Term SOFR + 2.11%, 2.00% Floor) | 5.86 %<sup>(a)</sup> | 07/15/2039 | 10721550 |
|  | GS Mortgage Securities Corp. II |  |  |  |
| 222234 | &nbsp;&nbsp;Series 2014-GC24-XA | 0.29 %<sup>(b)(g)</sup> | 09/10/2047 | 2 |
| 9506756 | &nbsp;&nbsp;Series 2016-GS2-XA | 1.64 %<sup>(b)(g)</sup> | 05/10/2049 | 95 |
| 22306056 | &nbsp;&nbsp;Series 2016-GS3-XA | 1.16 %<sup>(b)(g)</sup> | 10/10/2049 | 55714 |
| 2314000 | &nbsp;&nbsp;Series 2018-GS10-WLSD | 4.90 %<sup>(a)(b)</sup> | 03/10/2033 | 217791 |
| 2893000 | &nbsp;&nbsp;Series 2018-GS10-WLSE | 4.90 %<sup>(a)(b)</sup> | 03/10/2033 | 249503 |
| 5000000 | &nbsp;&nbsp;Series 2018-TWR-E (1 mo. Term SOFR + 2.40%, 2.10% Floor) | 6.15 %<sup>(a)</sup> | 07/15/2031 | 522428 |
| 5000000 | &nbsp;&nbsp;Series 2018-TWR-F (1 mo. Term SOFR + 3.10%, 2.80% Floor) | 6.85 %<sup>(a)</sup> | 07/15/2031 | 469928 |
| 5000000 | &nbsp;&nbsp;Series 2018-TWR-G (1 mo. Term SOFR + 4.22%, 3.93% Floor) | 7.97 %<sup>(a)</sup> | 07/15/2031 | 417428 |
|  | GSCG Trust |  |  |  |
| 14505000 | &nbsp;&nbsp;Series 2019-600C-E | 3.99 %<sup>(a)(b)</sup> | 09/06/2034 | 609667 |
|  | JP Morgan Chase Commercial Mortgage Securities |  |  |  |
| 2413683 | &nbsp;&nbsp;Series 2015-JP1-XA | 0.81 %<sup>(b)(g)</sup> | 01/15/2049 | 24 |
| 28776018 | &nbsp;&nbsp;Series 2016-JP4-XA | 0.56 %<sup>(b)(g)</sup> | 12/15/2049 | 76731 |
| 336000 | &nbsp;&nbsp;Series 2018-WPT-CFX | 4.95 %<sup>(a)</sup> | 07/05/2033 | 233554 |
| 3216693 | &nbsp;&nbsp;Series 2019-COR4-ASB | 3.94% | 03/10/2052 | 3208323 |
| 5775000 | &nbsp;&nbsp;Series 2019-UES-G | 4.45 %<sup>(a)(b)</sup> | 05/05/2032 | 5375826 |
| 1815000 | &nbsp;&nbsp;Series 2021-MHC-B (1 mo. Term SOFR + 1.41%, 1.05% Floor) | 5.17 %<sup>(a)</sup> | 04/15/2038 | 1815243 |
| 5920250 | &nbsp;&nbsp;Series 2022-NLP-A (1 mo. Term SOFR + 0.85%, 0.60% Floor) | 4.60 %<sup>(a)</sup> | 04/15/2037 | 5851419 |
|  | JPMBB Commercial Mortgage Securities Trust |  |  |  |
| 2794329 | &nbsp;&nbsp;Series 2014-C25-XA | 0.41 %<sup>(b)(g)</sup> | 11/15/2047 | 28 |
| 2814367 | &nbsp;&nbsp;Series 2015-C30-XA | 0.00 %<sup>(b)(g)</sup> | 07/15/2048 | 28 |
| 349287 | &nbsp;&nbsp;Series 2015-C31-XA | 0.44 %<sup>(b)(g)</sup> | 08/15/2048 | 3 |
| 4882172 | &nbsp;&nbsp;Series 2015-C32-XA | 0.99 %<sup>(b)(g)</sup> | 11/15/2048 | 49 |
|  | KREF |  |  |  |
| 1017957 | &nbsp;&nbsp;Series 2021-FL2-A (1 mo. Term SOFR + 1.18%, 1.07% Floor) | 4.92 %<sup>(a)</sup> | 02/15/2039 | 1020075 |
| 7942000 | &nbsp;&nbsp;Series 2021-FL2-B (1 mo. Term SOFR + 1.76%, 1.65% Floor) | 5.50 %<sup>(a)</sup> | 02/15/2039 | 7928038 |
| 4083870 | &nbsp;&nbsp;Series 2022-FL3-A (1 mo. Term SOFR + 1.45%, 1.45% Floor) | 5.18 %<sup>(a)</sup> | 02/17/2039 | 4089114 |
|  | LoanCore |  |  |  |
| 1020105 | &nbsp;&nbsp;Series 2021-CRE6-A (1 mo. Term SOFR + 1.41%, 1.30% Floor) | 5.16 %<sup>(a)</sup> | 11/15/2038 | 1021856 |
| 2077107 | &nbsp;&nbsp;Series 2022-CRE7-A (30 day avg SOFR US + 1.55%, 1.55% Floor) | 5.49 %<sup>(a)</sup> | 01/17/2037 | 2079867 |
| 7220000 | &nbsp;&nbsp;Series 2025-CRE8-A (1 mo. Term SOFR + 1.39%, 1.39% Floor) | 5.12 %<sup>(a)</sup> | 08/17/2042 | 7229985 |
|  | LSTAR Commercial Mortgage Trust |  |  |  |
| 57920652 | &nbsp;&nbsp;Series 2017-5-X | 0.87 %<sup>(a)(b)(g)</sup> | 03/10/2050 | 327970 |
|  | MF1 Multifamily Housing Mortgage Loan Trust |  |  |  |
| 2525830 | &nbsp;&nbsp;Series 2022-FL8-A (1 mo. Term SOFR + 1.35%, 1.35% Floor) | 5.08 %<sup>(a)</sup> | 02/19/2037 | 2528974 |
| 12550000 | &nbsp;&nbsp;Series 2022-FL8-AS (1 mo. Term SOFR + 1.75%, 1.75% Floor) | 5.48 %<sup>(a)</sup> | 02/19/2037 | 12555309 |
| 5650704 | &nbsp;&nbsp;Series 2022-FL9-A (1 mo. Term SOFR + 2.15%, 2.15% Floor) | 5.88 %<sup>(a)</sup> | 06/19/2037 | 5660418 |
| 7200000 | &nbsp;&nbsp;Series 2024-FL15-A (1 mo. Term SOFR + 1.69%, 1.69% Floor) | 5.42 %<sup>(a)</sup> | 08/18/2041 | 7226496 |
| 7220000 | &nbsp;&nbsp;Series 2025-FL17-A (1 mo. Term SOFR + 1.32%, 1.32% Floor) | 5.05 %<sup>(a)</sup> | 02/18/2040 | 7239407 |
|  | Morgan Stanley ABS Capital I, Inc. |  |  |  |
| 3531178 | &nbsp;&nbsp;Series 2024-NSTB-A | 3.90 %<sup>(a)(b)</sup> | 09/24/2057 | 3489738 |
|  | Morgan Stanley Bank of America Merrill Lynch Trust |  |  |  |
| 9169042 | &nbsp;&nbsp;Series 2012-CKSV-CK | 4.16 %<sup>(a)(b)</sup> | 10/15/2030 | 8140652 |
| 5239761 | &nbsp;&nbsp;Series 2016-C28-XA-XA | 1.04 %<sup>(b)(g)</sup> | 01/15/2049 | 52 |
| 22957738 | &nbsp;&nbsp;Series 2025-5C1-XA | 1.16 %<sup>(b)(g)</sup> | 03/15/2058 | 975316 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Morgan Stanley Capital I, Inc. |  |  |  |
| 711000 | &nbsp;&nbsp;Series 2019-NUGS-F (1 mo. Term SOFR + 2.96%, 4.34% Floor) | 6.71 %<sup>(a)</sup> | 12/15/2036 | 3916 |
| 13327000 | &nbsp;&nbsp;Series 2019-PLND-E (1 mo. Term SOFR + 2.26%, 2.15% Floor) | 6.02 %<sup>(a)</sup> | 05/15/2036 | 630540 |
| 1331000 | &nbsp;&nbsp;Series 2019-PLND-F (1 mo. Term SOFR + 2.91%, 2.80% Floor) | 6.67 %<sup>(a)</sup> | 05/15/2036 | 42010 |
|  | MTN Commercial Mortgage Trust |  |  |  |
| 1200000 | &nbsp;&nbsp;Series 2022-LPFL-A (1 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.16 %<sup>(a)</sup> | 03/15/2039 | 1199757 |
|  | NYC Commercial Mortgage Trust |  |  |  |
| 4990000 | &nbsp;&nbsp;Series 2025-3BP-A (1 mo. Term SOFR + 1.21%, 1.21% Floor) | 4.96 %<sup>(a)</sup> | 02/15/2042 | 4952166 |
|  | Ready Capital Corp. |  |  |  |
| 1892104 | &nbsp;&nbsp;Series 2021-FL7-A (1 mo. Term SOFR + 1.31%, 1.20% Floor) | 5.05 %<sup>(a)</sup> | 11/25/2036 | 1894507 |
|  | ROCK Trust |  |  |  |
| 3730000 | &nbsp;&nbsp;Series 2024-CNTR-A | 5.39 %<sup>(a)</sup> | 11/13/2041 | 3835364 |
|  | SFO Commercial Mortgage Trust |  |  |  |
| 2540000 | &nbsp;&nbsp;Series 2021-555-A (1 mo. Term SOFR + 1.26%, 1.15% Floor) | 5.01 %<sup>(a)</sup> | 05/15/2038 | 2536377 |
|  | SLG Office Trust |  |  |  |
| 168062650 | &nbsp;&nbsp;Series 2021-OVA-X | 0.26 %<sup>(a)(b)(g)</sup> | 07/15/2041 | 1908486 |
|  | SREIT Trust |  |  |  |
| 3240000 | &nbsp;&nbsp;Series 2021-MFP2-A (1 mo. Term SOFR + 0.94%, 0.82% Floor) | 4.69 %<sup>(a)</sup> | 11/15/2036 | 3239691 |
|  | Starwood Property Trust, Inc. |  |  |  |
| 2681462 | &nbsp;&nbsp;Series 2021-FL2-A (1 mo. Term SOFR + 1.31%, 1.20% Floor) | 5.05 %<sup>(a)</sup> | 04/18/2038 | 2684926 |
|  | TPG Real Estate Finance Issuer Ltd. |  |  |  |
| 6887949 | &nbsp;&nbsp;Series 2022-FL5-A (1 mo. Term SOFR + 1.65%, 1.65% Floor) | 5.39 %<sup>(a)</sup> | 02/15/2039 | 6896525 |
| 5000000 | &nbsp;&nbsp;Series 2022-FL5-AS (1 mo. Term SOFR + 2.15%, 2.15% Floor) | 5.89 %<sup>(a)</sup> | 02/15/2039 | 5002720 |
| 5110000 | &nbsp;&nbsp;Series 2025-FL6-A (1 mo. Term SOFR + 1.54%, 1.54% Floor) | 5.27 %<sup>(a)</sup> | 09/18/2042 | 5127129 |
| 5630000 | &nbsp;&nbsp;Series 2025-FL7-A (1 mo. Term SOFR + 1.45%, 1.45% Floor) | 5.53 %<sup>(a)</sup> | 06/18/2043 | 5637009 |
|  | UBS Commercial Mortgage Trust |  |  |  |
| 60842269 | &nbsp;&nbsp;Series 2018-C13-XA | 0.78 %<sup>(b)(g)</sup> | 10/15/2051 | 1027218 |
|  | VEGAS Trust |  |  |  |
| 2508000 | &nbsp;&nbsp;Series 2024-TI-A | 5.52 %<sup>(a)</sup> | 11/10/2039 | 2543301 |
|  | Wells Fargo Commercial Mortgage Trust |  |  |  |
| 1392598 | &nbsp;&nbsp;Series 2025-C64-A1 | 5.02% | 02/15/2058 | 1408681 |
| 48428248 | &nbsp;&nbsp;Series 2025-C64-XA | 1.02 %<sup>(b)(g)</sup> | 02/15/2058 | 3481439 |
|  | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $501,320,181)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $501,320,181)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $501,320,181)** | **381877954** |
| **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 13.3%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 13.3%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 13.3%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 13.3%** |  |
|  | ACE Securities Corp. |  |  |  |
| 4141732 | &nbsp;&nbsp;Series 2006-CW1-A2D (1 mo. Term SOFR + 0.63%, 0.52% Floor) | 4.37% | 07/25/2036 | 3487199 |
| 6628882 | &nbsp;&nbsp;Series 2007-WM1-A2B (1 mo. Term SOFR + 0.35%, 0.24% Floor) | 4.09% | 11/25/2036 | 2734754 |
|  | Adjustable Rate Mortgage Trust |  |  |  |
| 4232713 | &nbsp;&nbsp;Series 2006-1-6A1 (1 mo. Term SOFR + 0.37%, 0.26% Floor) | 4.11% | 03/25/2036 | 2517684 |
|  | AJAX Mortgage Loan Trust |  |  |  |
| 2423398 | &nbsp;&nbsp;Series 2021-C-A | 6.12 %<sup>(a)(c)</sup> | 01/25/2061 | 2425137 |
|  | American Home Mortgage Investment Trust |  |  |  |
| 1712272 | &nbsp;&nbsp;Series 2004-2-M1 (1 mo. Term SOFR + 1.01%, 0.90% Floor, 11.00% Cap) | 4.75% | 02/25/2044 | 1644587 |
|  | Angel Oak Mortgage Trust LLC |  |  |  |
| 1623411 | &nbsp;&nbsp;Series 2020-2-A1A | 2.53 %<sup>(a)(b)</sup> | 01/26/2065 | 1551621 |
| 297400 | &nbsp;&nbsp;Series 2020-6-A3 | 1.78 %<sup>(a)(b)</sup> | 05/25/2065 | 277380 |
| 5821751 | &nbsp;&nbsp;Series 2021-7-A1 | 1.98 %<sup>(a)(b)</sup> | 10/25/2066 | 5100691 |
|  | Arroyo Mortgage Trust |  |  |  |
| 539028 | &nbsp;&nbsp;Series 2019-1-A1 | 3.81 %<sup>(a)(b)</sup> | 01/25/2049 | 527847 |
| 292012 | &nbsp;&nbsp;Series 2019-2-A2 | 3.50 %<sup>(a)(b)</sup> | 04/25/2049 | 285400 |
| 2374731 | &nbsp;&nbsp;Series 2019-3-A3 | 3.42 %<sup>(a)(b)</sup> | 10/25/2048 | 2296129 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Banc of America Funding Corp. |  |  |  |
| 823880 | &nbsp;&nbsp;Series 2006-7-T2A1-T2A1 | 5.88 %<sup>(b)</sup> | 10/25/2036 | 749814 |
| 8358977 | &nbsp;&nbsp;Series 2015-R2-4A2 (1 mo. Term SOFR + 0.28%, 0.17% Floor) | 3.05 %<sup>(a)</sup> | 09/29/2036 | 7074962 |
| 1614006 | &nbsp;&nbsp;Series 2015-R2-9A2 | 4.56 %<sup>(a)(c)</sup> | 03/27/2036 | 1507954 |
|  | Banc of America Mortgage Securities, Inc. |  |  |  |
| 793021 | &nbsp;&nbsp;Series 2005-I-2A5 | 4.52 %<sup>(b)</sup> | 10/25/2035 | 746453 |
| 1714327 | &nbsp;&nbsp;Series 2007-3-1A1 | 6.00% | 09/25/2037 | 1422835 |
|  | BCAP LLC Trust |  |  |  |
| 6611570 | &nbsp;&nbsp;Series 2009-RR4-7A2 | 6.00 %<sup>(a)(b)</sup> | 03/26/2037 | 2113867 |
| 1118208 | &nbsp;&nbsp;Series 2012-RR1-3A4 | 5.50 %<sup>(a)(b)</sup> | 10/26/2035 | 715252 |
|  | BRAVO Residential Funding Trust |  |  |  |
| 767449 | &nbsp;&nbsp;Series 2021-NQM2-A3 | 1.44 %<sup>(a)(b)</sup> | 03/25/2060 | 752074 |
| 6787285 | &nbsp;&nbsp;Series 2022-RPL1-A1 | 2.75 %<sup>(a)(b)</sup> | 09/25/2061 | 6267723 |
| 2574618 | &nbsp;&nbsp;Series 2025-NQM6-A2 | 5.49 %<sup>(a)(c)</sup> | 06/25/2065 | 2585747 |
|  | Citigroup Mortgage Loan Trust, Inc. |  |  |  |
| 949173 | &nbsp;&nbsp;Series 2020-EXP1-A1A | 1.80 %<sup>(a)(b)</sup> | 05/25/2060 | 899635 |
|  | Citimortgage Alternative Loan Trust |  |  |  |
| 484715 | &nbsp;&nbsp;Series 2007-A5-1A10 | 5.75% | 05/25/2037 | 439244 |
|  | COLT Funding LLC |  |  |  |
| 1858793 | &nbsp;&nbsp;Series 2021-1R-A1 | 0.86 %<sup>(a)(b)</sup> | 05/25/2065 | 1705381 |
| 3473916 | &nbsp;&nbsp;Series 2021-5-A1 | 1.73 %<sup>(a)(b)</sup> | 11/26/2066 | 3167456 |
| 4732851 | &nbsp;&nbsp;Series 2022-2-A1 | 2.99 %<sup>(a)(c)</sup> | 02/25/2067 | 4554200 |
|  | Countrywide Alternative Loan Trust |  |  |  |
| 238449 | &nbsp;&nbsp;Series 2005-23CB-A15 | 5.50% | 07/25/2035 | 192954 |
| 839957 | &nbsp;&nbsp;Series 2005-28CB-1A6-1A6 | 5.50% | 08/25/2035 | 718956 |
| 3501085 | &nbsp;&nbsp;Series 2005-49CB-A6 | 5.50% | 11/25/2035 | 2179256 |
| 1464091 | &nbsp;&nbsp;Series 2005-61-1A2 (1 mo. Term SOFR + 0.85%, 0.74% Floor) | 4.59% | 12/25/2035 | 1365755 |
| 6369483 | &nbsp;&nbsp;Series 2005-62-1A1 (1 mo. Term SOFR + 0.71%, 0.60% Floor) | 4.45% | 12/25/2035 | 4920977 |
| 7133283 | &nbsp;&nbsp;Series 2006-16CB-A5 | 6.00% | 06/25/2036 | 3685710 |
| 1379257 | &nbsp;&nbsp;Series 2006-32CB-A21 | 5.50% | 11/25/2036 | 713532 |
| 2255659 | &nbsp;&nbsp;Series 2006-34-A6 | 6.25% | 11/25/2046 | 988848 |
| 5651474 | &nbsp;&nbsp;Series 2006-36T2-1A3 | 5.75% | 12/25/2036 | 2076789 |
| 1289058 | &nbsp;&nbsp;Series 2006-J4-2A9 | 6.00% | 07/25/2036 | 716878 |
| 1444841 | &nbsp;&nbsp;Series 2006-J6-A5 | 6.00% | 09/25/2036 | 654362 |
| 1224001 | &nbsp;&nbsp;Series 2006-OA12-A1B (1 mo. Term SOFR + 0.30%, 0.19% Floor) | 4.23% | 09/20/2046 | 1277143 |
| 3083247 | &nbsp;&nbsp;Series 2006-OA21-A1 (1 mo. Term SOFR + 0.30%, 0.19% Floor) | 4.04% | 03/20/2047 | 2717145 |
| 10772274 | &nbsp;&nbsp;Series 2007-12T1-A11 | 6.00% | 06/25/2037 | 4736775 |
| 9664502 | &nbsp;&nbsp;Series 2007-12T1-A5 | 6.00% | 06/25/2037 | 4249666 |
| 270358 | &nbsp;&nbsp;Series 2007-15CB-A7 | 6.00% | 07/25/2037 | 156238 |
| 3990150 | &nbsp;&nbsp;Series 2007-8CB-A1 | 5.50% | 05/25/2037 | 1935875 |
| 10563413 | &nbsp;&nbsp;Series 2007-9T1-1A6 | 6.00% | 05/25/2037 | 4825832 |
|  | Countrywide Home Loan Mortgage Pass Through Trust |  |  |  |
| 623904 | &nbsp;&nbsp;Series 2005-10-A2 | 5.50% | 05/25/2035 | 518913 |
| 8936653 | &nbsp;&nbsp;Series 2006-20-1A18 (1 mo. Term SOFR + 0.76%, 0.65% Floor, 6.00% Cap) | 4.50% | 02/25/2037 | 3115470 |
| 1550322 | &nbsp;&nbsp;Series 2006-21-A10 | 5.75% | 02/25/2037 | 644163 |
| 509546 | &nbsp;&nbsp;Series 2007-14-A15 | 6.50% | 09/25/2037 | 262813 |
|  | Credit Suisse First Boston Mortgage Securities Corp. |  |  |  |
| 2444 | &nbsp;&nbsp;Series 2004-8-6A1 | 4.50% | 11/25/2034 | 1498 |
| 428064 | &nbsp;&nbsp;Series 2005-9-5A9 | 5.50% | 10/25/2035 | 206759 |
|  | Credit Suisse Management LLC |  |  |  |
| 922203 | &nbsp;&nbsp;Series 2005-11-2A1 | 6.00% | 12/25/2035 | 595473 |
| 44899 | &nbsp;&nbsp;Series 2005-11-8A5 | 6.00% | 12/25/2035 | 32219 |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 8451866 | &nbsp;&nbsp;Series 2009-8R-8A2 (1 mo. Term SOFR) | 6.00 %<sup>(a)</sup> | 03/26/2037 | 2702251 |
| 84628 | &nbsp;&nbsp;Series 2011-12R-3A5 | 5.23 %<sup>(a)(b)</sup> | 07/27/2036 | 84898 |
| 14604667 | &nbsp;&nbsp;Series 2022-NQM1-A1 | 2.27 %<sup>(a)(b)</sup> | 11/25/2066 | 13413902 |
|  | Cross Mortgage Trust |  |  |  |
| 8407404 | &nbsp;&nbsp;Series 2024-H5-A1 | 5.85 %<sup>(a)(c)</sup> | 08/26/2069 | 8493518 |
|  | DB US Financial Markets Holding Corp. |  |  |  |
| 266706 | &nbsp;&nbsp;Series 2014-RS1-1A2 | 6.50 %<sup>(a)(b)</sup> | 07/27/2037 | 226152 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Deutsche ALT-A Securities, Inc. |  |  |  |
| 311239 | &nbsp;&nbsp;Series 2006-AB4-A1A (30 day avg SOFR US) | 6.01% | 10/25/2036 | 273001 |
| 6217550 | &nbsp;&nbsp;Series 2006-AR4-A1 (1 mo. Term SOFR + 0.37%, 0.26% Floor) | 4.11% | 12/25/2036 | 2137986 |
| 4125730 | &nbsp;&nbsp;Series 2006-AR4-A2 (1 mo. Term SOFR + 0.49%, 0.38% Floor, 10.50% Cap) | 4.23% | 12/25/2036 | 1307806 |
| 169471 | &nbsp;&nbsp;Series 2007-OA2-A1 (12 Month US Treasury Average + 0.77%, 0.77% Floor) | 4.80% | 04/25/2047 | 155021 |
|  | Fannie Mae Connecticut Avenue Securities |  |  |  |
| 2372067 | &nbsp;&nbsp;Series 2024-R01-1M1 (30 day avg SOFR US + 1.05%, 0.00% Floor) | 4.92 %<sup>(a)</sup> | 01/25/2044 | 2369949 |
|  | Freddie Mac Structured Agency Credit Risk Debt Notes |  |  |  |
| 5016843 | &nbsp;&nbsp;Series 2024-DNA2-M1 (30 day avg SOFR US + 1.20%, 0.00% Floor) | 5.07 %<sup>(a)</sup> | 05/25/2044 | 5025508 |
| 4944985 | &nbsp;&nbsp;Series 2024-HQA2-M1 (30 day avg SOFR US + 1.20%, 0.00% Floor) | 5.07 %<sup>(a)</sup> | 08/25/2044 | 4950300 |
| 2268383 | &nbsp;&nbsp;Series 2025-DNA1-M1 (30 day avg SOFR US + 1.05%, 0.00% Floor) | 4.92 %<sup>(a)</sup> | 01/25/2045 | 2269545 |
| 14452500 | &nbsp;&nbsp;Series 2025-HQA1-A1 (30 day avg SOFR US + 0.95%, 0.00% Floor) | 4.82 %<sup>(a)</sup> | 02/25/2045 | 14450507 |
|  | GCAT |  |  |  |
| 1849784 | &nbsp;&nbsp;Series 2020-NQM2-A1 | 2.56 %<sup>(a)(c)</sup> | 04/25/2065 | 1790390 |
| 5618876 | &nbsp;&nbsp;Series 2021-NQM4-A3 | 1.56 %<sup>(a)(b)</sup> | 08/25/2066 | 4787480 |
| 19873828 | &nbsp;&nbsp;Series 2025-NQM1-A1 | 5.37 %<sup>(a)(c)</sup> | 11/25/2069 | 20017075 |
|  | GS Mortgage-Backed Securities Trust |  |  |  |
| 4704491 | &nbsp;&nbsp;Series 2025-NQM5-A3 | 5.42 %<sup>(a)(c)</sup> | 07/25/2065 | 4721576 |
|  | GSAA Trust |  |  |  |
| 4859488 | &nbsp;&nbsp;Series 2006-19-A3A (1 mo. Term SOFR + 0.59%, 0.48% Floor) | 4.33% | 12/25/2036 | 1653966 |
|  | GSR Mortgage Loan Trust |  |  |  |
| 317421 | &nbsp;&nbsp;Series 2006-2F-3A4 | 6.00% | 02/25/2036 | 127889 |
|  | Harborview Mortgage Loan Trust |  |  |  |
| 1862545 | &nbsp;&nbsp;Series 2006-1-2A1A (1 mo. Term SOFR + 0.59%, 0.48% Floor) | 4.33% | 03/19/2036 | 1747867 |
|  | Impac Secured Assets CMN Owner Trust |  |  |  |
| 585769 | &nbsp;&nbsp;Series 2006-5-1A1C (1 mo. Term SOFR + 0.65%, 0.54% Floor, 11.50% Cap) | 4.39% | 02/25/2037 | 540697 |
|  | Indymac Index Mortgage Loan Trust |  |  |  |
| 519791 | &nbsp;&nbsp;Series 2006-AR5-2A1 | 3.69 %<sup>(b)</sup> | 05/25/2036 | 502368 |
|  | JP Morgan Alternative Loan Trust |  |  |  |
| 32244544 | &nbsp;&nbsp;Series 2005-S1-1A4 | 6.00% | 12/25/2035 | 9302419 |
| 2548705 | &nbsp;&nbsp;Series 2007-S1-A2 (1 mo. Term SOFR + 0.79%, 0.68% Floor, 11.50% Cap) | 4.53% | 04/25/2047 | 2464792 |
|  | JP Morgan Mortgage Acquisition Corp. |  |  |  |
| 10379600 | &nbsp;&nbsp;Series 2006-WMC2-A5 (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 4.35% | 07/25/2036 | 4861062 |
|  | JP Morgan Mortgage Trust |  |  |  |
| 3736108 | &nbsp;&nbsp;Series 2025-NQM1-A2 | 5.76 %<sup>(a)(c)</sup> | 06/25/2065 | 3768483 |
| 3902157 | &nbsp;&nbsp;Series 2025-NQM1-A3 | 5.97 %<sup>(a)(c)</sup> | 06/25/2065 | 3937497 |
| 5486353 | &nbsp;&nbsp;Series 2025-NQM2-A1 | 5.57 %<sup>(a)(b)</sup> | 09/25/2065 | 5539416 |
| 4395453 | &nbsp;&nbsp;Series 2025-NQM4-A3 | 5.26 %<sup>(a)(c)</sup> | 03/25/2066 | 4393809 |
|  | JP Morgan Reremic |  |  |  |
| 5473401 | &nbsp;&nbsp;Series 2014-4-1C (3 mo. Term SOFR) | 0.00 %<sup>(a)</sup> | 01/26/2036 | 1494574 |
|  | Legacy Mortgage Asset Trust |  |  |  |
| 2216814 | &nbsp;&nbsp;Series 2021-GS1-A1 | 5.89 %<sup>(a)(c)</sup> | 10/25/2066 | 2219051 |
|  | Lehman Mortgage Trust |  |  |  |
| 180968 | &nbsp;&nbsp;Series 2006-1-1A3 | 5.50% | 02/25/2036 | 84023 |
|  | Lehman XS Trust |  |  |  |
| 8125169 | &nbsp;&nbsp;Series 2007-15N-3A1 (1 mo. Term SOFR + 0.36%, 0.25% Floor) | 4.10% | 08/25/2047 | 6979224 |
|  | Long Beach Mortgage Loan Trust |  |  |  |
| 15264790 | &nbsp;&nbsp;Series 2006-11-2A2 (1 mo. Term SOFR + 0.31%, 0.20% Floor) | 4.05% | 12/25/2036 | 5249016 |
| 9229051 | &nbsp;&nbsp;Series 2006-2-2A3 (1 mo. Term SOFR + 0.49%, 0.38% Floor) | 4.23% | 03/25/2046 | 3070986 |
|  | Mastr Adjustable Rate Mortgages Trust |  |  |  |
| 67831 | &nbsp;&nbsp;Series 2006-2-2A1 | 6.63 %<sup>(b)</sup> | 04/25/2036 | 30772 |
| 988645 | &nbsp;&nbsp;Series 2006-OA2-4A1A (12 Month US Treasury Average + 0.85%, 0.85% Floor) | 4.88% | 12/25/2046 | 950326 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Merrill Lynch Alternative Note Asset |  |  |  |
| 330578 | &nbsp;&nbsp;Series 2007-F1-2A6 | 6.00% | 03/25/2037 | 103549 |
|  | Merrill Lynch Mortgage Investors, Inc. |  |  |  |
| 1151792 | &nbsp;&nbsp;Series 2006-AF1-AF2C | 6.25% | 08/25/2036 | 420848 |
| 33534183 | &nbsp;&nbsp;Series 2006-RM2-A1A (1 mo. Term SOFR + 0.48%, 0.37% Floor) | 4.22% | 05/25/2037 | 9435600 |
| 4183844 | &nbsp;&nbsp;Series 2007-HE2-A2A (1 mo. Term SOFR + 0.35%, 0.24% Floor) | 4.09% | 02/25/2037 | 1182561 |
| 6469463 | &nbsp;&nbsp;Series 2007-HE2-A2B (1 mo. Term SOFR + 0.53%, 0.42% Floor) | 4.27% | 02/25/2037 | 1828507 |
|  | MFRA Trust |  |  |  |
| 3482975 | &nbsp;&nbsp;Series 2021-NQM2-A3 | 1.47 %<sup>(a)(b)</sup> | 11/25/2064 | 3126273 |
| 1955741 | &nbsp;&nbsp;Series 2025-NQM4-A3 | 5.69 %<sup>(a)(c)</sup> | 08/25/2070 | 1966457 |
|  | Morgan Stanley Mortgage Loan Trust |  |  |  |
| 214447 | &nbsp;&nbsp;Series 2006-2-7A1 | 5.44 %<sup>(b)</sup> | 02/25/2036 | 116111 |
|  | Morgan Stanley Residential Mortgage Loan Trust |  |  |  |
| 7434420 | &nbsp;&nbsp;Series 2025-NQM7-A3 | 5.34 %<sup>(a)(c)</sup> | 09/25/2070 | 7452197 |
|  | Nomura Resecuritization Trust |  |  |  |
| 3007440 | &nbsp;&nbsp;Series 2015-8R-4A4 | 4.09 %<sup>(a)(b)</sup> | 11/25/2047 | 2606423 |
|  | Onslow Bay Mortgage Loan Trust |  |  |  |
| 333545 | &nbsp;&nbsp;Series 2020-EXP2-A3 | 2.50 %<sup>(a)(b)</sup> | 05/25/2060 | 286205 |
| 2578829 | &nbsp;&nbsp;Series 2021-NQM2-A3 | 1.56 %<sup>(a)(b)</sup> | 05/25/2061 | 2156736 |
| 5060132 | &nbsp;&nbsp;Series 2022-NQM1-A1 | 2.31 %<sup>(a)(b)</sup> | 11/25/2061 | 4590482 |
| 6181517 | &nbsp;&nbsp;Series 2024-NQM10-A1 | 6.18 %<sup>(a)(c)</sup> | 05/25/2064 | 6259653 |
| 6004159 | &nbsp;&nbsp;Series 2024-NQM13-A1 | 5.12 %<sup>(a)</sup> | 06/25/2064 | 6019968 |
| 11048752 | &nbsp;&nbsp;Series 2024-NQM16-A1 | 5.53 %<sup>(a)(c)</sup> | 10/25/2064 | 11135873 |
| 6405481 | &nbsp;&nbsp;Series 2024-NQM18-A1 | 5.41 %<sup>(a)(b)</sup> | 10/25/2064 | 6447248 |
| 3688163 | &nbsp;&nbsp;Series 2025-NQM7-A1 | 5.56 %<sup>(a)(c)</sup> | 05/25/2055 | 3725286 |
|  | PRPM LLC |  |  |  |
| 24288520 | &nbsp;&nbsp;Series 2025-NQM2-A1 | 5.69 %<sup>(a)(c)</sup> | 04/25/2070 | 24493704 |
|  | RALI Trust |  |  |  |
| 400702 | &nbsp;&nbsp;Series 2006-QS12-2A3 | 6.00% | 09/25/2036 | 327311 |
| 981481 | &nbsp;&nbsp;Series 2007-QS4-3A4 | 6.00% | 03/25/2037 | 849811 |
| 1222185 | &nbsp;&nbsp;Series 2007-QS4-3A9 | 6.00% | 03/25/2037 | 1058195 |
| 914544 | &nbsp;&nbsp;Series 2007-QS8-A3 (1 mo. Term SOFR + 0.71%, 0.60% Floor, 6.00% Cap) | 4.45% | 06/25/2037 | 688344 |
| 567707 | &nbsp;&nbsp;Series 2007-QS9-A33 | 6.50% | 07/25/2037 | 470379 |
|  | RASC Trust |  |  |  |
| 3468406 | &nbsp;&nbsp;Series 2004-KS7-A2A (1 mo. Term SOFR + 0.69%, 0.58% Floor) | 4.43% | 08/25/2034 | 3429215 |
|  | RBSSP Resecuritization Trust |  |  |  |
| 421572 | &nbsp;&nbsp;Series 2009-2-3A2 (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 4.57 %<sup>(a)</sup> | 04/26/2035 | 395623 |
|  | Residential Asset Securitization Trust |  |  |  |
| 690313 | &nbsp;&nbsp;Series 2006-A2-A11 | 6.00% | 01/25/2046 | 248301 |
| 2105447 | &nbsp;&nbsp;Series 2006-A6-1A4 | 6.00% | 07/25/2036 | 479709 |
|  | RESIDENTIAL MORTGAGE LOAN TRUST |  |  |  |
| 2619241 | &nbsp;&nbsp;Series 2019-2-M1 | 3.86 %<sup>(a)(b)</sup> | 05/25/2059 | 2610273 |
|  | RFMSI Trust |  |  |  |
| 3231702 | &nbsp;&nbsp;Series 2007-S1-A1 (1 mo. Term SOFR + 0.71%, 0.60% Floor, 6.00% Cap) | 4.45% | 01/25/2037 | 2434500 |
|  | Securitized Asset Backed Receivables LLC |  |  |  |
| 5475725 | &nbsp;&nbsp;Series 2006-WM3-A1 (1 mo. Term SOFR + 0.21%, 0.10% Floor) | 3.95% | 10/25/2036 | 1815430 |
|  | Soundview Home Equity Loan Trust |  |  |  |
| 407577 | &nbsp;&nbsp;Series 2007-OPT3-2A3 (1 mo. Term SOFR + 0.29%, 0.18% Floor) | 4.03% | 08/25/2037 | 406355 |
|  | Starwood Mortgage Residential Trust |  |  |  |
| 6464571 | &nbsp;&nbsp;Series 2020-2-M1E | 3.00 %<sup>(a)</sup> | 04/25/2060 | 6367877 |
|  | Structured Adjustable Rate Mortgage Loan Trust |  |  |  |
| 882514 | &nbsp;&nbsp;Series 2005-22-4A1 | 5.22 %<sup>(b)</sup> | 12/25/2035 | 818447 |
|  | Velocity Commercial Capital Loan Trust |  |  |  |
| 2005341 | &nbsp;&nbsp;Series 2020-1-M2 | 2.98 %<sup>(a)(b)</sup> | 02/25/2050 | 1627575 |
| 2060672 | &nbsp;&nbsp;Series 2021-1-M2 | 2.26 %<sup>(a)(b)</sup> | 05/25/2051 | 1688388 |
| 1475109 | &nbsp;&nbsp;Series 2021-2-M2 | 2.20 %<sup>(a)(b)</sup> | 08/25/2051 | 1225667 |
| 3752821 | &nbsp;&nbsp;Series 2024-3-A | 6.65 %<sup>(a)(b)</sup> | 06/25/2054 | 3856521 |
| 8477687 | &nbsp;&nbsp;Series 2024-5-A | 5.49 %<sup>(a)(b)</sup> | 10/25/2054 | 8520200 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Vericrest Opportunity Loan Transferee |  |  |  |
| 1085124 | &nbsp;&nbsp;Series 2021-NP11-A1 | 5.87 %<sup>(a)(c)</sup> | 08/25/2051 | 1085834 |
|  | Verus Securitization Trust |  |  |  |
| 11814803 | &nbsp;&nbsp;Series 2021-7-A1 | 2.83 %<sup>(a)(c)</sup> | 10/25/2066 | 10874529 |
| 697507 | &nbsp;&nbsp;Series 2021-R1-A3 | 1.26 %<sup>(a)(b)</sup> | 10/25/2063 | 678994 |
| 4306105 | &nbsp;&nbsp;Series 2024-3-A1 | 6.34 %<sup>(a)(c)</sup> | 04/25/2069 | 4357788 |
| 2753315 | &nbsp;&nbsp;Series 2025-10-A2 | 5.21 %<sup>(a)(c)</sup> | 06/25/2070 | 2762033 |
| 6350281 | &nbsp;&nbsp;Series 2025-5-A1 | 5.43 %<sup>(a)(c)</sup> | 06/25/2070 | 6405800 |
| 3315769 | &nbsp;&nbsp;Series 2025-5-A3 | 5.68 %<sup>(a)(c)</sup> | 06/25/2070 | 3333874 |
|  | WAMU Asset-Backed Certificates |  |  |  |
| 1472063 | &nbsp;&nbsp;Series 2007-HE4-2A3 (1 mo. Term SOFR + 0.28%, 0.28% Floor) | 4.02% | 07/25/2047 | 863779 |
|  | WaMu Mortgage Pass Through Certificates |  |  |  |
| 1662990 | &nbsp;&nbsp;Series 2005-AR4-A5 | 4.34 %<sup>(b)</sup> | 04/25/2035 | 1615909 |
| 8363606 | &nbsp;&nbsp;Series 2006-AR18-1A1 | 3.66 %<sup>(b)</sup> | 01/25/2037 | 7274047 |
|  | Washington Mutual Alternative Mortgage Pass-Through Certificates |  |  |  |
| 743258 | &nbsp;&nbsp;Series 2005-8-2CB3 (1 mo. Term SOFR + 0.52%, 0.41% Floor, 5.50% Cap) | 4.26% | 10/25/2035 | 708587 |
|  | Washington Mutual Asset-Backed Certificates |  |  |  |
| 5850284 | &nbsp;&nbsp;Series 2006-HE5-2A2 (1 mo. Term SOFR + 0.47%, 0.36% Floor) | 3.85% | 10/25/2036 | 2061298 |
| 2148504 | &nbsp;&nbsp;Series 2006-HE5-2A3 (1 mo. Term SOFR + 0.57%, 0.46% Floor) | 3.85% | 10/25/2036 | 758058 |
|  | Wells Fargo Alternative Loan Trust |  |  |  |
| 403793 | &nbsp;&nbsp;Series 2007-PA5-1A1 | 6.25% | 11/25/2037 | 348351 |
|  | Wells Fargo Mortgage Backed Securities Trust |  |  |  |
| 929012 | &nbsp;&nbsp;Series 2007-15-A1 | 6.00% | 11/25/2037 | 910527 |
| 4082513 | &nbsp;&nbsp;Series 2007-AR6-A2 | 6.19 %<sup>(b)</sup> | 10/25/2037 | 4010057 |
|  | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $518,907,125)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $518,907,125)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $518,907,125)** | **429857394** |
| **US CORPORATE BONDS - 11.0%** | **US CORPORATE BONDS - 11.0%** | **US CORPORATE BONDS - 11.0%** |  |  |
| 1832000 | AbbVie, Inc. | 4.88% | 03/15/2030 | 1887915 |
| 1217000 | Agree LP | 2.90% | 10/01/2030 | 1140788 |
| 2060000 | Aircastle Ltd. / Aircastle Ireland DAC | 5.25 %<sup>(a)</sup> | 03/15/2030 | 2105748 |
| 822000 | Altria Group, Inc. | 6.20% | 11/01/2028 | 869105 |
| 1358000 | Altria Group, Inc. | 4.50% | 08/06/2030 | 1369289 |
| 4926000 | American Electric Power Co., Inc. | 5.20% | 01/15/2029 | 5078859 |
| 3691000 | American Express Co.<br> (SOFR + 1.26%) | 4.73% | 04/25/2029 | 3748525 |
| 1599000 | American Homes 4 Rent LP | 4.25% | 02/15/2028 | 1603549 |
| 8014000 | American Tower Corp. | 4.90% | 03/15/2030 | 8188337 |
| 2639000 | Amrize Finance US LLC | 4.70% | 04/07/2028 | 2671889 |
| 2887000 | AppLovin Corp. | 5.13% | 12/01/2029 | 2962251 |
| 3281000 | Arrow Electronics, Inc. | 5.15% | 08/21/2029 | 3360555 |
| 3912000 | Athene Global Funding<br> (SOFR + 0.85%) | 4.74 %<sup>(a)</sup> | 05/08/2026 | 3918061 |
| 1646000 | Athene Global Funding | 4.72 %<sup>(a)</sup> | 10/08/2029 | 1648779 |
| 2611000 | Athene Global Funding | 5.03 %<sup>(a)</sup> | 07/17/2030 | 2632095 |
| 2431000 | Atlassian Corp. | 5.25% | 05/15/2029 | 2501919 |
| 544000 | Avery Dennison Corp. | 4.88% | 12/06/2028 | 555773 |
| 641000 | Aviation Capital Group LLC | 6.25 %<sup>(a)</sup> | 04/15/2028 | 666327 |
| 5433000 | Aviation Capital Group LLC | 4.80 %<sup>(a)</sup> | 10/24/2030 | 5437959 |
| 1770000 | Bank of America Corp.<br> (3 mo. Term SOFR + 1.32%) | 3.56% | 04/23/2027 | 1766934 |
| 4956000 | Bank of America Corp.<br> (SOFR + 0.83%) | 4.98% | 01/24/2029 | 5049236 |
| 2258000 | Biogen, Inc. | 5.05% | 01/15/2031 | 2330912 |
| 1883000 | Black Hills Corp. | 4.55% | 01/31/2031 | 1884246 |
| 1523000 | Boardwalk Pipelines LP | 4.45% | 07/15/2027 | 1529203 |
| 1351000 | Broadcom, Inc. | 5.05% | 07/12/2029 | 1391324 |
| 1415000 | Broadcom, Inc. | 4.35% | 02/15/2030 | 1424711 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 1462000 | Broadcom, Inc. | 4.20% | 10/15/2030 | 1461309 |
| 716000 | Brown & Brown, Inc. | 4.70% | 06/23/2028 | 724823 |
| 835000 | Brown & Brown, Inc. | 4.50% | 03/15/2029 | 839130 |
| 1276000 | Campbell's Co. | 5.20% | 03/19/2027 | 1293080 |
| 2412000 | Cardinal Health, Inc. | 5.13% | 02/15/2029 | 2484933 |
| 1525000 | CenterPoint Energy, Inc. | 5.40% | 06/01/2029 | 1579950 |
| 1360000 | Charles Schwab Corp.<br> (SOFR + 1.05%) | 4.91% | 03/03/2027 | 1369402 |
| 2301000 | Cheniere Energy Partners LP | 4.50% | 10/01/2029 | 2306541 |
| 3158000 | Cheniere Energy, Inc. | 4.63% | 10/15/2028 | 3153754 |
| 4404000 | Citibank NA | 4.58% | 05/29/2027 | 4450459 |
| 2649000 | Citigroup, Inc.<br> (SOFR + 0.87%) | 4.79% | 03/04/2029 | 2687305 |
| 5663000 | Citigroup, Inc.<br> (SOFR + 1.34%) | 4.54% | 09/19/2030 | 5711749 |
| 819000 | CNA Financial Corp. | 3.90% | 05/01/2029 | 811510 |
| 3459000 | Corebridge Global Funding | 5.75 %<sup>(a)</sup> | 07/02/2026 | 3490612 |
| 332000 | Coterra Energy, Inc. | 3.90% | 05/15/2027 | 330949 |
| 213000 | Coterra Energy, Inc. | 4.38% | 03/15/2029 | 213837 |
| 2800000 | CRH SMW Finance DAC | 5.13% | 01/09/2030 | 2887817 |
| 2214000 | CubeSmart LP | 4.38% | 02/15/2029 | 2222633 |
| 1474000 | Darden Restaurants, Inc. | 4.35% | 10/15/2027 | 1481886 |
| 751000 | DCP Midstream Operating LP | 5.13% | 05/15/2029 | 768479 |
| 3391000 | Dell International LLC / EMC Corp. | 4.35% | 02/01/2030 | 3394790 |
| 4631000 | Delta Air Lines, Inc. | 4.95% | 07/10/2028 | 4715495 |
| 772000 | Devon Energy Corp. | 5.25% | 10/15/2027 | 772054 |
| 2670000 | Dominion Energy, Inc. | 5.00% | 06/15/2030 | 2744654 |
| 2861000 | DTE Energy Co. | 5.20% | 04/01/2030 | 2953299 |
| 3033000 | Edwards Lifesciences Corp. | 4.30% | 06/15/2028 | 3055362 |
| 3138000 | Energy Transfer LP | 6.05% | 12/01/2026 | 3189354 |
| 2374000 | Energy Transfer LP | 6.10% | 12/01/2028 | 2494566 |
| 3012000 | Equifax, Inc. | 4.80% | 09/15/2029 | 3062182 |
| 1143000 | Equinix Europe 2 Financing Corp. LLC | 4.60% | 11/15/2030 | 1146711 |
| 1163000 | Essential Utilities, Inc. | 4.80% | 08/15/2027 | 1177743 |
| 136000 | Essential Utilities, Inc. | 3.57% | 05/01/2029 | 133299 |
| 4545000 | Evergy Kansas Central, Inc. | 4.70% | 03/13/2028 | 4616597 |
| 1599000 | Exelon Corp. | 5.15% | 03/15/2029 | 1644631 |
| 4748000 | Extra Space Storage LP | 5.50% | 07/01/2030 | 4947259 |
| 959000 | FirstEnergy Transmission LLC | 4.55% | 01/15/2030 | 967006 |
| 3849000 | Fiserv, Inc. | 4.75% | 03/15/2030 | 3869232 |
| 1650000 | Foundry JV Holdco LLC | 5.90 %<sup>(a)</sup> | 01/25/2030 | 1726608 |
| 2486000 | GATX Corp. | 4.70% | 04/01/2029 | 2515551 |
| 158000 | GATX Corp. | 4.00% | 06/30/2030 | 155930 |
| 3064000 | GE HealthCare Technologies, Inc. | 4.80% | 08/14/2029 | 3132697 |
| 1275000 | Global Payments, Inc. | 5.30% | 08/15/2029 | 1305870 |
| 2288000 | Global Payments, Inc. | 4.88% | 11/15/2030 | 2291077 |
| 2179000 | Goldman Sachs Bank USA/New York NY<br> (SOFR + 0.77%) | 4.63% | 03/18/2027 | 2181616 |
| 2340000 | Goldman Sachs Group, Inc.<br> (SOFR + 0.90%) | 4.15% | 10/21/2029 | 2339783 |
| 3999000 | Hewlett Packard Enterprise Co. | 4.05% | 09/15/2027 | 4001595 |
| 3273000 | Hewlett Packard Enterprise Co. | 4.55% | 10/15/2029 | 3292693 |
| 200000 | HSBC USA, Inc.<br> (SOFR + 0.96%) | 4.82% | 03/04/2027 | 201116 |
| 2949000 | Hyundai Capital America | 4.55 %<sup>(a)</sup> | 09/26/2029 | 2967890 |
| 1636000 | Icon Investments Six DAC | 5.81% | 05/08/2027 | 1670297 |
| 2028000 | Illumina, Inc. | 4.65% | 09/09/2026 | 2035177 |
| 6350000 | Jackson National Life Global Funding | 4.60 %<sup>(a)</sup> | 10/01/2029 | 6373681 |
| 2679000 | JPMorgan Chase & Co.<br> (SOFR + 0.92%) | 4.87% | 04/22/2028 | 2692147 |
| 4970000 | JPMorgan Chase & Co.<br> (SOFR + 0.80%) | 4.92% | 01/24/2029 | 5063092 |
| 2433000 | Kinder Morgan, Inc. | 5.00% | 02/01/2029 | 2490028 |
| 2029000 | Kyndryl Holdings, Inc. | 2.05% | 10/15/2026 | 1996335 |
| 1585000 | LPL Holdings, Inc. | 4.63 %<sup>(a)</sup> | 11/15/2027 | 1585239 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 1297000 | M&T Bank Corp.<br> (SOFR + 0.93%) | 4.83% | 01/16/2029 | 1317967 |
| 3016000 | Marriott International, Inc./MD | 4.80% | 03/15/2030 | 3081179 |
| 5337000 | Mars, Inc. | 4.80 %<sup>(a)</sup> | 03/01/2030 | 5455299 |
| 2358000 | Marvell Technology, Inc. | 5.75% | 02/15/2029 | 2459720 |
| 1842000 | Marvell Technology, Inc. | 4.75% | 07/15/2030 | 1866776 |
| 4693000 | MasTec, Inc. | 4.50 %<sup>(a)</sup> | 08/15/2028 | 4669165 |
| 3406000 | Merck Sharp & Dohme Corp. | 5.95% | 12/01/2028 | 3609894 |
| 2465000 | Meritage Homes Corp. | 5.13% | 06/06/2027 | 2482811 |
| 333000 | Meritage Homes Corp. | 3.88 %<sup>(a)</sup> | 04/15/2029 | 327201 |
| 1066000 | Meta Platforms, Inc. | 4.20% | 11/15/2030 | 1068526 |
| 535000 | Microchip Technology, Inc. | 5.05% | 03/15/2029 | 546151 |
| 3423000 | Molex Electronic Technologies LLC | 4.75 %<sup>(a)</sup> | 04/30/2028 | 3463881 |
| 2442000 | MPLX LP | 4.80% | 02/15/2029 | 2481494 |
| 2251000 | National Fuel Gas Co. | 5.50% | 03/15/2030 | 2324927 |
| 1730000 | National Rural Utilities Cooperative Finance Corp. | 4.75% | 02/07/2028 | 1757824 |
| 2381000 | National Rural Utilities Cooperative Finance Corp. | 4.15% | 08/25/2028 | 2394235 |
| 2790000 | National Securities Clearing Corp. | 4.70 %<sup>(a)</sup> | 05/20/2030 | 2854256 |
| 323000 | New York Life Global Funding<br> (SOFR + 0.48%) | 4.33 %<sup>(a)</sup> | 06/09/2026 | 323360 |
| 403000 | New York Life Global Funding | 4.70 %<sup>(a)</sup> | 01/29/2029 | 410413 |
| 5185000 | NextEra Energy Capital Holdings, Inc. | 4.69% | 09/01/2027 | 5249405 |
| 3022000 | NGPL PipeCo LLC | 4.88 %<sup>(a)</sup> | 08/15/2027 | 3035185 |
| 4671000 | Niagara Mohawk Power Corp. | 4.65 %<sup>(a)</sup> | 10/03/2030 | 4707273 |
| 1320000 | NiSource, Inc. | 5.25% | 03/30/2028 | 1354473 |
| 1053000 | NiSource, Inc. | 5.20% | 07/01/2029 | 1086046 |
| 2504000 | Northrop Grumman Corp. | 4.65% | 07/15/2030 | 2549604 |
| 1366000 | Omega Healthcare Investors, Inc. | 4.75% | 01/15/2028 | 1377630 |
| 2161000 | ONEOK, Inc. | 5.38% | 06/01/2029 | 2227662 |
| 2460000 | ONEOK, Inc. | 4.40% | 10/15/2029 | 2471777 |
| 1343000 | Oracle Corp. | 4.45% | 09/26/2030 | 1314207 |
| 1489000 | O'Reilly Automotive, Inc. | 5.75% | 11/20/2026 | 1509520 |
| 293000 | Pacific Life Global Funding II<br> (SOFR + 0.62%) | 4.48 %<sup>(a)</sup> | 06/04/2026 | 293495 |
| 1332000 | Paychex, Inc. | 5.10% | 04/15/2030 | 1371958 |
| 1598000 | PayPal Holdings, Inc. | 4.45% | 03/06/2028 | 1617663 |
| 4800000 | Penske Truck Leasing Co. Lp / PTL Finance Corp. | 5.25 %<sup>(a)</sup> | 02/01/2030 | 4944455 |
| 2449000 | Phillips Edison Grocery Center Operating Partnership I LP | 2.63% | 11/15/2031 | 2199336 |
| 625000 | Pinnacle West Capital Corp. | 4.90% | 05/15/2028 | 636802 |
| 2297000 | Public Service Enterprise Group, Inc. | 5.85% | 11/15/2027 | 2370464 |
| 2602000 | Public Service Enterprise Group, Inc. | 5.88% | 10/15/2028 | 2718711 |
| 3058000 | Quanta Services, Inc. | 4.75% | 08/09/2027 | 3097185 |
| 2245000 | Quanta Services, Inc. | 4.50% | 01/15/2031 | 2250916 |
| 2304000 | Rentokil Terminix Funding LLC | 5.00 %<sup>(a)</sup> | 04/28/2030 | 2345137 |
| 4544000 | Republic Services, Inc. | 4.75% | 07/15/2030 | 4654526 |
| 701000 | Roper Technologies, Inc. | 4.25% | 09/15/2028 | 703641 |
| 177000 | Ryder System, Inc. | 5.25% | 06/01/2028 | 181882 |
| 1838000 | Ryder System, Inc. | 4.30% | 12/01/2030 | 1830702 |
| 1302000 | Sherwin-Williams Co. | 4.55% | 03/01/2028 | 1317929 |
| 2313000 | Sherwin-Williams Co. | 4.30% | 08/15/2028 | 2327845 |
| 926000 | Solventum Corp. | 5.45% | 02/25/2027 | 939690 |
| 1611000 | Sonoco Products Co. | 4.45% | 09/01/2026 | 1614594 |
| 770000 | Southern Co. Gas Capital Corp. | 4.05% | 09/15/2028 | 770458 |
| 1867000 | Southern Power Co. | 4.25% | 10/01/2030 | 1862926 |
| 1238000 | Sun Communities Operating LP | 2.30% | 11/01/2028 | 1178507 |
| 2476000 | Sysco Corp. | 5.10% | 09/23/2030 | 2557649 |
| 3988000 | Targa Resources Partners LP / Targa Resources Partners Finance Corp. | 6.88% | 01/15/2029 | 4035600 |
| 3986000 | Targa Resources Partners LP / Targa Resources Partners Finance Corp. | 5.50% | 03/01/2030 | 4048772 |
| 4106000 | Truist Financial Corp.<br> (SOFR + 2.45%) | 7.16% | 10/30/2029 | 4430243 |
| 1236000 | Uber Technologies, Inc. | 4.15% | 01/15/2031 | 1232077 |
| 1580000 | Veralto Corp. | 5.50% | 09/18/2026 | 1593894 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
| 1363000 | Veralto Corp. | 5.35% |  | 09/18/2028 | 1405770 |
| 1250000 | Verisk Analytics, Inc. | 4.50% |  | 08/15/2030 | 1260024 |
| 3169000 | VICI Properties LP / VICI Note Co., Inc. | 4.25 %<sup>(a)</sup> |  | 12/01/2026 | 3169376 |
| 4796000 | Wells Fargo & Co.<br> (SOFR + 1.07%) | 5.02% |  | 04/22/2028 | 4823897 |
| 2335000 | Wells Fargo & Co.<br> (SOFR + 1.79%) | 6.30% |  | 10/23/2029 | 2467792 |
| 391000 | Western Midstream Operating LP | 6.35% |  | 01/15/2029 | 411613 |
| 2881000 | Western Midstream Operating LP | 4.05% |  | 02/01/2030 | 2823743 |
| 3016000 | Williams Cos., Inc. | 4.80% |  | 11/15/2029 | 3078732 |
| 1958000 | Zimmer Biomet Holdings, Inc. | 4.70% |  | 02/19/2027 | 1974881 |
| 2873000 | Zimmer Biomet Holdings, Inc. | 5.05% |  | 02/19/2030 | 2964109 |
|  | **Total US Corporate Bonds (Cost $350,535,642)** | **Total US Corporate Bonds (Cost $350,535,642)** | **Total US Corporate Bonds (Cost $350,535,642)** | **Total US Corporate Bonds (Cost $350,535,642)** | **356181958** |
| **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 4.8%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 4.8%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 4.8%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 4.8%** |  |  |
|  | Federal Home Loan Mortgage Corp. |  |  |  |  |
| 3862613 | &nbsp;&nbsp;Pool SD5219 | 6.00% |  | 04/01/2054 | 4015476 |
| 2664964 | &nbsp;&nbsp;Pool SD6815 | 6.00% |  | 04/01/2054 | 2744252 |
| 4986007 | &nbsp;&nbsp;Pool SL0223 | 5.50% |  | 02/01/2055 | 5103401 |
| 4609232 | &nbsp;&nbsp;Pool SL0536 | 5.50% |  | 02/01/2055 | 4707075 |
| 7417441 | &nbsp;&nbsp;Pool SL1712 | 6.00% |  | 12/01/2054 | 7693123 |
| 1755578 | &nbsp;&nbsp;Series 3072-FB (30 day avg SOFR US + 0.66%, 0.55% Floor, 7.00% Cap) | 4.65% |  | 11/15/2035 | 1751162 |
| 183468 | &nbsp;&nbsp;Series 3417-SM (-1 x 30 day avg SOFR US + 6.17%, 0.00% Floor, 6.28% Cap) | 2.18 %<sup>(g)(h)</sup> |  | 02/15/2038 | 19507 |
| 1521528 | &nbsp;&nbsp;Series 4917-FE (30 day avg SOFR US + 0.56%, 0.45% Floor, 6.50% Cap) | 4.44% |  | 10/25/2049 | 1497534 |
| 3514761 | &nbsp;&nbsp;Series 5473-DF (30 day avg SOFR US + 1.15%, 1.15% Floor, 6.50% Cap) | 5.02% |  | 11/25/2054 | 3526370 |
| 3726259 | &nbsp;&nbsp;Series 5475-FG (30 day avg SOFR US + 1.15%, 1.15% Floor, 6.50% Cap) | 5.02% |  | 11/25/2054 | 3737952 |
| 3303735 | &nbsp;&nbsp;Series 5480-FD (30 day avg SOFR US + 1.35%, 1.35% Floor, 6.50% Cap) | 5.22% |  | 03/25/2054 | 3326954 |
| 4044420 | &nbsp;&nbsp;Series 5524-AF (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% |  | 04/25/2055 | 4028778 |
| 4009129 | &nbsp;&nbsp;Series 5525-FA (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% |  | 04/25/2055 | 4025637 |
| 4821963 | &nbsp;&nbsp;Series 5536-FD (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% |  | 05/25/2054 | 4840570 |
| 4979049 | &nbsp;&nbsp;Series 5596-FH (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.00% Cap) | 5.07% |  | 11/25/2055 | 4986316 |
| 4400979 | &nbsp;&nbsp;Series 5598-DF (30 day avg SOFR US + 1.25%, 1.25% Floor, 6.00% Cap) | 5.12% |  | 11/25/2055 | 4412285 |
| 5887193 | &nbsp;&nbsp;Series 5600-FA (30 day avg SOFR US + 1.30%, 1.30% Floor, 6.00% Cap) | 5.17% |  | 11/25/2055 | 5909066 |
| 4678802 | &nbsp;&nbsp;Series 5612-FJ (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.00% Cap) | 5.07% |  | 11/25/2055 | 4704138 |
|  | Federal National Mortgage Association |  |  |  |  |
| 707515 | &nbsp;&nbsp;Pool AL2987 (1 yr. RFUCCT + 1.62%, 1.62% Floor, 7.31% Cap) | 6.31% |  | 11/01/2042 | 739380 |
| 435853 | &nbsp;&nbsp;Pool BM3520 (1 yr. RFUCCT + 1.56%, 1.56% Floor, 6.96% Cap) | 6.26% |  | 05/01/2045 | 454618 |
| 5029287 | &nbsp;&nbsp;Pool CB9973 | 5.50% |  | 02/01/2055 | 5154276 |
| 6056936 | &nbsp;&nbsp;Pool FA1444 | 5.50% |  | 04/01/2055 | 6152091 |
| 3667659 | &nbsp;&nbsp;Pool FS6084 | 6.00% |  | 10/01/2053 | 3809591 |
| 4815780 | &nbsp;&nbsp;Pool FS7622 | 5.50% |  | 04/01/2054 | 4930801 |
| 105191 | &nbsp;&nbsp;Pool MA1200 | 3.00% |  | 10/01/2032 | 102043 |
| 3402355 | &nbsp;&nbsp;Pool MA5086 | 5.00% |  | 07/01/2043 | 3474787 |
| 3413676 | &nbsp;&nbsp;Pool MA5112 | 5.00% |  | 08/01/2043 | 3438782 |
| 2824089 | &nbsp;&nbsp;Pool MA5806 | 5.50% |  | 08/01/2045 | 2878898 |
| 1695579 | &nbsp;&nbsp;Series 2014-10-KF (30 day avg SOFR US + 0.56%, 0.45% Floor, 6.50% Cap) | 4.44% |  | 03/25/2044 | 1678470 |
| 1395919 | &nbsp;&nbsp;Series 2016-8-FA (30 day avg SOFR US + 0.56%, 0.45% Floor, 6.50% Cap) | 4.44% |  | 03/25/2046 | 1377728 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
| 5009693 | &nbsp;&nbsp;Series 2019-25-SB (-1 x 30 day avg SOFR US + 5.94%, 0.00% Floor, 6.05% Cap) |  | 2.06 %<sup>(g)(h)</sup> |  | 06/25/2049 | 507930 |
| 2455471 | &nbsp;&nbsp;Series 2019-49-FB (30 day avg SOFR US + 0.59%, 0.48% Floor, 6.50% Cap) |  | 4.47% |  | 09/25/2049 | 2409089 |
| 10500480 | &nbsp;&nbsp;Series 2020-M49-1A1 |  | 1.26 %<sup>(b)</sup> |  | 11/25/2030 | 9870829 |
| 2565338 | &nbsp;&nbsp;Series 2023-M4-A1 |  | 3.77 %<sup>(b)</sup> |  | 09/25/2032 | 2554583 |
| 2911198 | &nbsp;&nbsp;Series 2024-82-FH (30 day avg SOFR US + 1.15%, 1.15% Floor, 6.50% Cap) |  | 5.02% |  | 11/25/2054 | 2920122 |
| 4319833 | &nbsp;&nbsp;Series 2025-15-FQ (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) |  | 5.07% |  | 04/25/2055 | 4339390 |
| 4050646 | &nbsp;&nbsp;Series 2025-26-FK (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) |  | 5.07% |  | 06/25/2054 | 4067140 |
| 4412142 | &nbsp;&nbsp;Series 2025-28-FM (30 day avg SOFR US + 1.25%, 1.25% Floor, 6.50% Cap) |  | 5.12% |  | 04/25/2055 | 4436041 |
|  | FREMF Mortgage Trust |  |  |  |  |  |
| 2433468 | &nbsp;&nbsp;Series 2016-KF18-B (30 day avg SOFR US + 5.61%, 5.50% Floor) |  | 9.62 %<sup>(a)</sup> |  | 05/25/2026 | 2427884 |
| 124762277 | &nbsp;&nbsp;Series 2017-K67-X2B |  | 0.10 %<sup>(a)(g)</sup> |  | 09/25/2049 | 186894 |
| 2481119 | &nbsp;&nbsp;Series 2017-KF30-B (30 day avg SOFR US + 3.36%, 3.25% Floor) |  | 7.37 %<sup>(a)</sup> |  | 03/25/2027 | 2467042 |
| 878676 | &nbsp;&nbsp;Series 2019-KF69-B (30 day avg SOFR US + 2.41%, 2.30% Floor) |  | 6.42 %<sup>(a)</sup> |  | 08/25/2029 | 847618 |
|  | Government National Mortgage Association |  |  |  |  |  |
| 1656062 | &nbsp;&nbsp;Series 2016-121-JF (1 mo. Term SOFR + 0.51%, 0.40% Floor, 6.50% Cap) |  | 4.25% |  | 09/20/2046 | 1628071 |
| 2227821 | &nbsp;&nbsp;Series 2022-183-B |  | 5.00% |  | 04/20/2047 | 2245115 |
| 2307524 | &nbsp;&nbsp;Series 2024-25-AF (30 day avg SOFR US + 0.51%, 0.51% Floor, 6.50% Cap) |  | 4.54% |  | 02/20/2049 | 2183655 |
| 2018822 | &nbsp;&nbsp;Series 2025-100-FD (30 day avg SOFR US + 1.35%, 1.35% Floor, 6.50% Cap) |  | 5.27% |  | 05/20/2055 | 2035396 |
| 4440707 | &nbsp;&nbsp;Series 2025-196-QF (30 day avg SOFR US + 1.15%, 1.15% Floor, 6.00% Cap) |  | 5.07% |  | 11/20/2055 | 4443967 |
|  | **Total US Government and Agency Mortgage Backed Obligations (Cost $155,017,724)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $155,017,724)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $155,017,724)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $155,017,724)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $155,017,724)** | **154791827** |
| **US GOVERNMENT AND AGENCY OBLIGATIONS - 25.6%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 25.6%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 25.6%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 25.6%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 25.6%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 25.6%** |  |
| 10494770 | United States Treasury Inflation Indexed Bonds |  | 2.38% |  | 01/15/2027 | 10579415 |
| 15337693 | United States Treasury Inflation Indexed Bonds |  | 0.13% |  | 04/15/2027 | 15062908 |
| 7804036 | United States Treasury Inflation Indexed Bonds |  | 1.63% |  | 10/15/2027 | 7864401 |
| 30500000 | United States Treasury Note/Bond |  | 0.38% |  | 01/31/2026 | 30421357 |
| 96350000 | United States Treasury Note/Bond |  | 0.63% |  | 03/31/2027 | 93032324 |
| 4900000 | United States Treasury Note/Bond |  | 0.50% |  | 06/30/2027 | 4689453 |
| 170000000 | United States Treasury Note/Bond |  | 3.50% |  | 10/31/2027 | 170049805 |
| 210000000 | United States Treasury Note/Bond |  | 0.75% |  | 01/31/2028 | 198577149 |
| 100000000 | United States Treasury Note/Bond |  | 3.50% |  | 11/15/2028 | 99902344 |
| 225000000 | United States Treasury Note/Bond |  | 0.88% |  | 11/15/2030 | 196725586 |
|  | **Total US Government and Agency Obligations (Cost $826,094,997)** | **Total US Government and Agency Obligations (Cost $826,094,997)** | **Total US Government and Agency Obligations (Cost $826,094,997)** | **Total US Government and Agency Obligations (Cost $826,094,997)** | **Total US Government and Agency Obligations (Cost $826,094,997)** | **826904742** |
| **SHORT TERM INVESTMENTS - 5.2%** | **SHORT TERM INVESTMENTS - 5.2%** | **SHORT TERM INVESTMENTS - 5.2%** | **SHORT TERM INVESTMENTS - 5.2%** | **SHORT TERM INVESTMENTS - 5.2%** |  |  |
| 56489181 | First American Government Obligations Fund - U |  | 3.69 %<sup>(i)</sup> |  |  | 56489181 |
| 56489180 | JPMorgan US Government Money Market Fund - IM |  | 3.72 %<sup>(i)</sup> |  |  | 56489180 |
| 56489181 | MSILF Government Portfolio - Institutional |  | 3.70 %<sup>(i)</sup> |  |  | 56489181 |
|  | **Total Short Term Investments (Cost $169,467,542)** | **Total Short Term Investments (Cost $169,467,542)** | **Total Short Term Investments (Cost $169,467,542)** | **Total Short Term Investments (Cost $169,467,542)** | **Total Short Term Investments (Cost $169,467,542)** | **169467542** |
|  | **Total Investments - 98.4% (Cost $3,384,234,526)** | **Total Investments - 98.4% (Cost $3,384,234,526)** | **Total Investments - 98.4% (Cost $3,384,234,526)** | **Total Investments - 98.4% (Cost $3,384,234,526)** | **Total Investments - 98.4% (Cost $3,384,234,526)** | **3183999527** |
|  | **Other Assets in Excess of Liabilities - 1.6%** | **Other Assets in Excess of Liabilities - 1.6%** |  |  |  | **52087403** |
|  | **NET ASSETS - 100.0%** |  |  |  |  | $**3236086930** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN** as a % of Net Assets: | |
| US Government and Agency Obligations | 25.6% |
| Non-Agency Residential Collateralized Mortgage Obligations | 13.3% |
| Collateralized Loan Obligations | 12.6% |
| Non-Agency Commercial Mortgage Backed Obligations | 11.8% |
| US Corporate Bonds | 11.0% |
| Asset Backed Obligations | 7.5% |
| Short Term Investments | 5.2% |
| US Government and Agency Mortgage Backed Obligations | 4.8% |
| Foreign Corporate Bonds | 4.0% |
| Bank Loans | 2.0% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 0.6% |
| Other Assets and Liabilities | 1.6% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **INVESTMENT BREAKDOWN** as a % of Net Assets: | |
| US Government and Agency Obligations | 25.6% |
| Non-Agency Residential Collateralized Mortgage Obligations | 13.3% |
| Collateralized Loan Obligations | 12.6% |
| Non-Agency Commercial Mortgage Backed Obligations | 11.8% |
| Asset Backed Obligations | 7.5% |
| Short Term Investments | 5.2% |
| US Government and Agency Mortgage Backed Obligations | 4.8% |
| Banking | 2.8% |
| Technology | 1.9% |
| Utilities | 1.9% |
| Energy | 1.8% |
| Finance | 1.0% |
| Transportation | 0.8% |
| Insurance | 0.7% |
| Healthcare | 0.6% |
| Hotels/Motels/Inns and Casinos | 0.5% |
| Real Estate | 0.5% |
| Food Products | 0.4% |
| Construction | 0.4% |
| Aerospace & Defense | 0.4% |
| Industrial Equipment | 0.4% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 0.4% |
| Telecommunications | 0.3% |
| Beverage and Tobacco | 0.3% |
| Consumer Products | 0.3% |
| Commercial Services | 0.2% |
| Pharmaceuticals | 0.2% |
| Media | 0.2% |
| Chemicals/Plastics | 0.2% |
| Mining | 0.2% |
| Retailers (other than Food/Drug) | 0.2% |
| Automotive | 0.2% |
| Electronics/Electric | 0.1% |
| Environmental Control | 0.1% |
| Containers and Glass Products | 0.1% |
| Building and Development (including Steel/Metals) | 0.1% |
| Business Equipment and Services | 0.1% |
| Diversified Manufacturing | 0.1% |
| IT Services | 0.1% |
| Food Service | 0.1% |
| Other Assets and Liabilities | 1.6% |
| Net Assets | 100.0% |

---

**(a)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $1,360,633,700 or 42.0% of the Fund's net assets.** 

**(b)** **Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of period end.** 

**(c)** **Step Bond; Coupon rate changes based on a predetermined schedule or event. The interest rate shown is the rate in effect as of period end.** 

**(d)** **Security is in default or has failed to make a scheduled payment. Income is not being accrued.** 

**(e)** **Value determined using significant unobservable inputs.** 

**(f)** **Perpetual maturity. The date disclosed is the next call date of the security.** 

**(g)** **Interest only security** 

**(h)** **Inverse floating rate security whose interest rate moves in the opposite direction of reference interest rates. Reference interest rates are typically based on a negative multiplier or slope. Interest rate may also be subject to a cap or floor.** 

**(i)** **Seven-day yield as of period end.** 

---

| | |
|:---|:---|
| **CMT** | **Constant Maturity Treasury Rate** |
| **SOFR** | **Secured Overnight Financing Rate** |
| **RFUCCT** | **Refinitiv USD IBOR Consumer Cash Fallbacks** |

---

**Swap Agreements**

**Excess Return Swaps**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Counterparty** | **Long/ Short** | **Financing Rate** | **Payment Frequency** | **Termination Date** | **Notional Amount** | **Value** | **Upfront Premiums Paid/ (Received)** | **Unrealized Appreciation (Depreciation)** |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Bank of America Securities, Inc. | Long | 0.38% | Termination | 05/06/2026 | $80000000 | $12182034 | $– $| 12182034 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | BNP Paribas Securities Corp. | Long | 0.39% | Termination | 01/15/2026 | 110000000 | 4722080 | – | 4722080 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Canadian Imperial Bank Of Commerce | Long | 0.40% | Termination | 01/21/2026 | 100000000 | 4283019 | – | 4283019 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Bank of America Securities, Inc. | Long | 0.38% | Termination | 05/27/2026 | 50000000 | 4060611 | – | 4060611 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Morgan Stanley | Long | 0.36% | Termination | 02/04/2026 | 70000000 | 3747120 | – | 3747120 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Canadian Imperial Bank Of Commerce | Long | 0.40% | Termination | 05/20/2026 | 75000000 | 3695047 | – | 3695047 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Canadian Imperial Bank Of Commerce | Long | 0.40% | Termination | 04/29/2026 | 90000000 | 2961518 | – | 2961518 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | BNP Paribas Securities Corp. | Long | 0.39% | Termination | 05/14/2026 | 60000000 | 2717432 | – | 2717432 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Morgan Stanley | Long | 0.36% | Termination | 01/09/2026 | 60000000 | 2656977 | – | 2656977 |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Counterparty** | **Long/ Short** | **Financing Rate** | **Payment Frequency** | **Termination Date** | **Notional Amount** | **Value** | **Upfront Premiums Paid/ (Received)** | **Unrealized Appreciation (Depreciation)** |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Canadian Imperial Bank Of Commerce | Long | 0.40% | Termination | 04/10/2026 | 50000000 | 2303560 | – | 2303560 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Barclays Capital, Inc. | Long | 0.40% | Termination | 06/26/2026 | 85000000 | 2070665 | – | 2070665 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Canadian Imperial Bank Of Commerce | Long | 0.40% | Termination | 06/03/2026 | 92000000 | 1912656 | – | 1912656 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Canadian Imperial Bank Of Commerce | Long | 0.40% | Termination | 06/12/2026 | 69000000 | 1787783 | – | 1787783 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Bank of America Securities, Inc. | Long | 0.38% | Termination | 04/22/2026 | 55000000 | 1541712 | – | 1541712 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | BNP Paribas Securities Corp. | Long | 0.39% | Termination | 11/19/2026 | 53000000 | 1433390 | – | 1433390 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | BNP Paribas Securities Corp. | Long | 0.39% | Termination | 02/12/2026 | 73000000 | 1020128 | – | 1020128 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | BNP Paribas Securities Corp. | Long | 0.39% | Termination | 06/18/2026 | 55000000 | 652293 | – | 652293 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Morgan Stanley | Long | 0.36% | Termination | 04/03/2026 | 70000000 | 625486 | – | 625486 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Bank of America Securities, Inc. | Long | 0.38% | Termination | 07/08/2026 | 92000000 | 562163 | – | 562163 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Morgan Stanley | Long | 0.36% | Termination | 03/04/2026 | 80000000 | 561367 | – | 561367 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Canadian Imperial Bank Of Commerce | Long | 0.40% | Termination | 11/26/2026 | 35000000 | 534825 | – | 534825 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Bank of America Securities, Inc. | Long | 0.38% | Termination | 08/12/2026 | 70000000 | 412513 | – | 412513 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | BNP Paribas Securities Corp. | Long | 0.39% | Termination | 08/06/2026 | 65000000 | 343978 | – | 343978 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Barclays Capital, Inc. | Long | 0.40% | Termination | 11/06/2026 | 80000000 | 242111 | – | 242111 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Bank of America Securities, Inc. | Long | 0.38% | Termination | 12/09/2026 | 52000000 | 41521 | – | 41521 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | BNP Paribas Securities Corp. | Long | 0.39% | Termination | 02/19/2026 | 70000000 | 32821 | – | 32821 |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Barclays Capital, Inc. | Long | 0.40% | Termination | 07/24/2026 | 46000000 | (2657) | – | (2657) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Canadian Imperial Bank Of Commerce | Long | 0.40% | Termination | 12/18/2026 | 55000000 | (161594) | – | (161594) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Barclays Capital, Inc. | Long | 0.40% | Termination | 10/09/2026 | 70000000 | (178209) | – | (178209) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Bank of America Securities, Inc. | Long | 0.38% | Termination | 11/13/2026 | 72000000 | (298481) | – | (298481) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Barclays Capital, Inc. | Long | 0.40% | Termination | 07/17/2026 | 72000000 | (332206) | – | (332206) |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Counterparty** | **Long/ Short** | **Financing Rate** | **Payment Frequency** | **Termination Date** | **Notional Amount** | **Value** | **Upfront Premiums Paid/ (Received)** | **Unrealized Appreciation (Depreciation)** |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | BNP Paribas Securities Corp. | Long | 0.39% | Termination | 12/31/2026 | 69000000 | (333296) |  | (333296) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | BNP Paribas Securities Corp. | Long | 0.39% | Termination | 10/22/2026 | 74000000 | (406417) |  | (406417) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Bank of America Securities, Inc. | Long | 0.38% | Termination | 01/06/2027 | 79000000 | (545414) |  | (545414) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Barclays Capital, Inc. | Long | 0.40% | Termination | 12/04/2026 | 55000000 | (546839) |  | (546839) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Canadian Imperial Bank Of Commerce | Long | 0.40% | Termination | 10/16/2026 | 70000000 | (607680) |  | (607680) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | BNP Paribas Securities Corp. | Long | 0.39% | Termination | 10/01/2026 | 53000000 | (633070) |  | (633070) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Bank of America Securities, Inc. | Long | 0.38% | Termination | 08/28/2026 | 75000000 | (725154) |  | (725154) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Bank of America Securities, Inc. | Long | 0.38% | Termination | 03/18/2026 | 95000000 | (813728) |  | (813728) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Canadian Imperial Bank Of Commerce | Long | 0.40% | Termination | 03/11/2026 | 93000000 | (1084451) |  | (1084451) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Barclays Capital, Inc. | Long | 0.40% | Termination | 09/11/2026 | 90000000 | (1359110) |  | (1359110) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | BNP Paribas Securities Corp. | Long | 0.39% | Termination | 09/03/2026 | 105000000 | (1465642) |  | (1465642) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Bank of America Securities, Inc. | Long | 0.38% | Termination | 01/28/2026 | 100000000 | (1589536) |  | (1589536) |
| Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index <sup>(1)</sup> | Canadian Imperial Bank Of Commerce | Long | 0.40% | Termination | 07/31/2026 | 105000000 | (1589819) | – | (1589819) |
|  |  |  |  |  |  |  | $44431507 | $– | $44431507 |

---

(1) Shiller Barclays CAPE<sup>®</sup> US Sector II ER USD Index aims to provide notional long exposure to the top four United States equity sectors that are relatively undervalued, as defined by a modified version of the classic CAPE<sup>®</sup> Ratio (the "Relative CAPE<sup>®</sup> Indicator") and that possess relatively strong price momentum over the prior twelve months. Each U.S. equity sector is represented by an index of equity securities of companies in the relevant sector. Information on the sector constituents as of December 31, 2025, is available on the Barclays Capital, Inc. website at https://indices.cib.barclays/IM/12/en/indices/details.app;ticker=BXIICS2E.

---

| | |
|:---|:---|
| **DoubleLine Flexible Income Fund** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **ASSET BACKED OBLIGATIONS - 6.1%** | **ASSET BACKED OBLIGATIONS - 6.1%** |  |  |  |
|  | Affirm, Inc. |  |  |  |
| 2250000 | &nbsp;&nbsp;&nbsp;Series 2024-X2-D | 6.08 %<sup>(a)</sup> | 12/17/2029 | 2270017 |
|  | Apollo Aviation Securitization Equity Trust |  |  |  |
| 860298 | &nbsp;&nbsp;&nbsp;Series 2022-1A-A | 6.00 %<sup>(a)</sup> | 05/16/2047 | 878897 |
| 1629358 | &nbsp;&nbsp;&nbsp;Series 2024-1A-B | 6.90 %<sup>(a)</sup> | 05/16/2049 | 1659995 |
| 1376666 | &nbsp;&nbsp;&nbsp;Series 2024-2A-B | 6.61 %<sup>(a)</sup> | 09/16/2049 | 1391703 |
| 2813474 | &nbsp;&nbsp;&nbsp;Series 2025-1A-B | 6.58 %<sup>(a)</sup> | 02/16/2050 | 2849241 |
|  | Blue Stream Communications LLC |  |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-B | 6.04 %<sup>(a)</sup> | 11/20/2054 | 1018969 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-C | 8.71 %<sup>(a)</sup> | 11/20/2054 | 1048586 |
|  | Business Jet Securities LLC |  |  |  |
| 1429507 | &nbsp;&nbsp;&nbsp;Series 2024-2A-C | 7.97 %<sup>(a)</sup> | 09/15/2039 | 1445953 |
|  | CAI International, Inc. |  |  |  |
| 550625 | &nbsp;&nbsp;&nbsp;Series 2020-1A-B | 3.50 %<sup>(a)</sup> | 09/25/2045 | 531324 |
|  | Castlelake Aircraft Securitization Trust |  |  |  |
| 2468915 | &nbsp;&nbsp;&nbsp;Series 2018-1-B | 5.30 %<sup>(a)</sup> | 06/15/2043 | 2366250 |
| 1869278 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A | 5.78 %<sup>(a)</sup> | 02/15/2050 | 1900785 |
|  | Compass Datacenters LLC |  |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2024-2A-B2 | 6.00 %<sup>(a)</sup> | 08/25/2049 | 503767 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A3 | 5.85 %<sup>(a)</sup> | 02/25/2050 | 1516588 |
|  | DataBank Issuer II LLC |  |  |  |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-B | 5.67 %<sup>(a)</sup> | 09/27/2055 | 2938933 |
|  | DigitalBridge Group, Inc. |  |  |  |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2023-1A-B | 5.75 %<sup>(a)</sup> | 09/15/2048 | 1998294 |
|  | Dividend Solar Loans LLC |  |  |  |
| 772396 | &nbsp;&nbsp;&nbsp;Series 2018-1-B | 4.29 %<sup>(a)</sup> | 07/20/2038 | 730222 |
| 532527 | &nbsp;&nbsp;&nbsp;Series 2018-2-B | 4.25 %<sup>(a)</sup> | 12/20/2038 | 499324 |
|  | European Wax Center, Inc. |  |  |  |
| 1930000 | &nbsp;&nbsp;&nbsp;Series 2022-1A-A2 | 5.50 %<sup>(a)</sup> | 03/15/2052 | 1909028 |
|  | ExteNet LLC |  |  |  |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-C | 9.05 %<sup>(a)</sup> | 07/25/2054 | 1553962 |
|  | GreenSky LLC |  |  |  |
| 579866 | &nbsp;&nbsp;&nbsp;Series 2024-2-D | 6.43 %<sup>(a)</sup> | 10/27/2059 | 591631 |
| 2100000 | &nbsp;&nbsp;&nbsp;Series 2025-3A-E | 7.83 %<sup>(a)</sup> | 12/27/2060 | 2104888 |
|  | Hilton Grand Vacations, Inc. |  |  |  |
| 900000 | &nbsp;&nbsp;&nbsp;Series 2025-3EXT-D | 7.38 %<sup>(a)</sup> | 10/25/2044 | 904685 |
|  | Jersey Mike's Funding |  |  |  |
| 1836519 | &nbsp;&nbsp;&nbsp;Series 2019-1A-A2 | 4.43 %<sup>(a)</sup> | 02/15/2050 | 1837638 |
|  | JOL Air Ltd. |  |  |  |
| 643215 | &nbsp;&nbsp;&nbsp;Series 2019-1-B | 4.95 %<sup>(a)</sup> | 04/15/2044 | 642333 |
|  | Loanpal Solar Loan Ltd. |  |  |  |
| 861074 | &nbsp;&nbsp;&nbsp;Series 2021-1GS-C | 3.50 %<sup>(a)</sup> | 01/20/2048 | 551569 |
|  | Luminace Issuer LLC |  |  |  |
| 708503 | &nbsp;&nbsp;&nbsp;Series 2024-1-A | 5.87 %<sup>(a)</sup> | 10/30/2031 | 709517 |
|  | Lunar Structured Aircraft Portfolio Notes |  |  |  |
| 1650894 | &nbsp;&nbsp;&nbsp;Series 2021-1-C | 5.68 %<sup>(a)</sup> | 10/15/2046 | 1624990 |
|  | Mariner Finance Issuance Trust |  |  |  |
| 2250000 | &nbsp;&nbsp;&nbsp;Series 2024-BA-A | 4.91 %<sup>(a)</sup> | 11/20/2038 | 2284304 |
|  | Marlette Funding Trust |  |  |  |
| 441430 | &nbsp;&nbsp;&nbsp;Series 2022-1A-D | 3.39 %<sup>(a)</sup> | 04/15/2032 | 436372 |
|  | Mosaic Solar Loans LLC |  |  |  |
| 2101143 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A | 6.12 %<sup>(a)</sup> | 08/22/2050 | 2109272 |
|  | Pagaya AI Debt Selection Trust |  |  |  |
| 776130 | &nbsp;&nbsp;&nbsp;Series 2021-3-C | 3.27 %<sup>(a)</sup> | 05/15/2029 | 766549 |
| 394678 | &nbsp;&nbsp;&nbsp;Series 2024-1-A | 6.66 %<sup>(a)</sup> | 07/15/2031 | 395707 |
| 2499903 | &nbsp;&nbsp;&nbsp;Series 2025-5-C | 5.64 %<sup>(a)</sup> | 03/15/2033 | 2510528 |
|  | QTS Issuer ABS I LLC |  |  |  |
| 2500000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-B | 5.93 %<sup>(a)</sup> | 05/25/2055 | 2515710 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | QTS Issuer ABS II LLC |  |  |  |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-B | 5.78 %<sup>(a)</sup> | 10/05/2055 | 2917050 |
|  | Scalelogix Abs Us Issuer LLC |  |  |  |
| 2500000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-B | 6.16 %<sup>(a)</sup> | 07/25/2055 | 2514958 |
|  | SSI ABS Issuer LLC |  |  |  |
| 727926 | &nbsp;&nbsp;&nbsp;Series 2025-1-A | 6.15 %<sup>(a)</sup> | 07/25/2065 | 738662 |
|  | Start/Bermuda |  |  |  |
| 786006 | &nbsp;&nbsp;&nbsp;Series 2018-1-A | 4.09 %<sup>(a)</sup> | 05/15/2043 | 786254 |
|  | Subway Funding LLC |  |  |  |
| 990000 | &nbsp;&nbsp;&nbsp;Series 2024-3A-A23 | 5.91 %<sup>(a)</sup> | 07/30/2054 | 985170 |
|  | Switch Ltd. |  |  |  |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-B | 6.50 %<sup>(a)</sup> | 03/25/2054 | 1511932 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2024-2A-C | 10.03 %<sup>(a)</sup> | 06/25/2054 | 1028403 |
|  | Tesla Sustainable Energy Trust |  |  |  |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-C | 6.25 %<sup>(a)</sup> | 06/21/2050 | 1504561 |
|  | Uniti Group LP |  |  |  |
| 2500000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-B | 6.37 %<sup>(a)</sup> | 04/20/2055 | 2559761 |
|  | Upgrade Master Pass-Thru Trust |  |  |  |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2025-ST6-C | 5.78 %<sup>(a)</sup> | 10/15/2032 | 2001457 |
|  | Upstart Securitization Trust |  |  |  |
| 57107 | &nbsp;&nbsp;&nbsp;Series 2021-3-C | 3.28 %<sup>(a)</sup> | 07/20/2031 | 57005 |
| 615361 | &nbsp;&nbsp;&nbsp;Series 2021-4-C | 3.19 %<sup>(a)</sup> | 09/20/2031 | 612662 |
| 2850000 | &nbsp;&nbsp;&nbsp;Series 2024-1-B | 6.24 %<sup>(a)</sup> | 11/20/2034 | 2897474 |
| 2100000 | &nbsp;&nbsp;&nbsp;Series 2025-2-C | 6.02 %<sup>(a)</sup> | 06/20/2035 | 2121761 |
| 2650000 | &nbsp;&nbsp;&nbsp;Series 2025-3-C | 5.43 %<sup>(a)</sup> | 09/20/2035 | 2635749 |
|  | Vital Care Issuer LLC |  |  |  |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A2 | 6.74 %<sup>(a)</sup> | 01/30/2056 | 2022900 |
|  | Vivant Solar Financing V Parent LLC |  |  |  |
| 4009222 | &nbsp;&nbsp;&nbsp;Series 2018-1A-A | 4.73 %<sup>(a)</sup> | 04/30/2048 | 3875291 |
|  | Willis Lease Finance Corp. |  |  |  |
| 2500000 | &nbsp;&nbsp;&nbsp;Series 2025-B-B | 5.70 %<sup>(a)</sup> | 12/15/2050 | 2510595 |
|  | **Total Asset Backed Obligations (Cost $82,064,077)** | **Total Asset Backed Obligations (Cost $82,064,077)** |  | **82279176** |
| **BANK LOANS - 10.0%** | **BANK LOANS - 10.0%** |  |  |  |
|  | 1261229 BC Ltd. |  |  |  |
| 323375 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.25%, 0.00% Floor) | 9.97% | 10/08/2030 | 316667 |
|  | AAdvantage Loyalty IP Ltd. |  |  |  |
| 145519 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.13% | 04/20/2028 | 146046 |
| 537300 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 7.13% | 05/28/2032 | 540661 |
|  | ABG Intermediate Holdings 2 LLC |  |  |  |
| 54313 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 12/21/2028 | 54462 |
|  | Acrisure LLC |  |  |  |
| 2145131 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 11/06/2030 | 2146140 |
| 358200 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 06/21/2032 | 359095 |
|  | ADMI Corp. |  |  |  |
| 602889 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.86%, 0.50% Floor) | 7.58% | 12/23/2027 | 573498 |
|  | AI Aqua Merger Sub, Inc. |  |  |  |
| 1546761 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.85% | 07/31/2028 | 1551912 |
| 1024697 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.87% | 07/31/2028 | 1028109 |
|  | Alera Group, Inc. |  |  |  |
| 538650 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 6.97% | 05/28/2032 | 541852 |
| 204488 | &nbsp;&nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.50%, 0.50% Floor) | 9.22% | 05/31/2033 | 209088 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Allied Universal Holdco LLC |  |  |  |
| 887775 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 08/20/2032 | 893461 |
|  | Allison Transmission, Inc. |  |  |  |
| 690000 | &nbsp;&nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.47% | 01/03/2033 | 694457 |
|  | Allspring Buyer LLC |  |  |  |
| 743382 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.67% | 11/01/2030 | 748307 |
|  | Alpha Generation LLC |  |  |  |
| 846521 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 09/30/2031 | 850267 |
|  | Alterra Mountain Co. |  |  |  |
| 257226 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 05/31/2030 | 258833 |
|  | Amentum Holdings, Inc. |  |  |  |
| 374825 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 09/29/2031 | 376347 |
|  | American Axle & Manufacturing, Inc. |  |  |  |
| 440000 | &nbsp;&nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.98% | 09/20/2032 | 440915 |
|  | AmWINS Group, Inc. |  |  |  |
| 753644 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.75% Floor) | 5.97% | 01/30/2032 | 756662 |
|  | Applied Systems, Inc. |  |  |  |
| 125000 | &nbsp;&nbsp;&nbsp;Senior Secured Second Lien Term Loan (3 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.17% | 02/23/2032 | 127442 |
|  | Apro LLC |  |  |  |
| 886992 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.68% | 07/09/2031 | 892536 |
|  | Ardonagh Group Finco Pty Ltd. |  |  |  |
| 35061 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.42% | 02/18/2031 | 35054 |
| 293128 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.95% | 02/18/2031 | 293068 |
| 389824 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.95% | 02/18/2031 | 389745 |
|  | Arsenal AIC Parent LLC |  |  |  |
| 66432 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 08/19/2030 | 66702 |
|  | Ascend Learning LLC |  |  |  |
| 1232800 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.72% | 12/11/2028 | 1238631 |
| 187108 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.72% | 12/11/2028 | 187993 |
|  | Aspire Bakeries Holdings LLC |  |  |  |
| 391050 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.22% | 12/23/2030 | 393789 |
|  | Asurion LLC |  |  |  |
| 285000 | &nbsp;&nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.36%, 0.00% Floor) | 9.08% | 01/22/2029 | 280685 |
| 141372 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 7.97% | 09/19/2030 | 141571 |
| 443361 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 8.17% | 09/19/2030 | 443742 |
|  | AthenaHealth Group, Inc. |  |  |  |
| 2108688 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.47% | 02/15/2029 | 2115277 |
|  | Aveanna Healthcare LLC |  |  |  |
| 598500 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.47% | 09/17/2032 | 603025 |
|  | Bally's Corp. |  |  |  |
| 270041 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.51%, 0.50% Floor) | 7.37% | 10/02/2028 | 266743 |
|  | Bausch & Lomb T/L |  |  |  |
| 550000 | &nbsp;&nbsp;&nbsp;Senior Secured Term Loan | 7.78 %<sup>(b)</sup> | 01/15/2031 | 556462 |
|  | Bausch + Lomb Corp. |  |  |  |
| 180838 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.72% | 09/29/2028 | 181290 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 1203950 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 7.97% | 01/15/2031 | 1218096 |
|  | BCP Renaissance Parent LLC |  |  |  |
| 262949 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.17% | 10/31/2028 | 264593 |
|  | BCP VI Summit Holdings LP |  |  |  |
| 523688 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.84% | 01/30/2032 | 527780 |
|  | BCPE Empire Holdings, Inc. |  |  |  |
| 1081836 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 6.97% | 12/26/2030 | 1072370 |
|  | Blackfin Pipeline LLC |  |  |  |
| 515000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.75% | 09/29/2032 | 516609 |
|  | Boots Group Finco LP |  |  |  |
| 435000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.21% | 08/30/2032 | 437899 |
|  | Boxer Parent Co., Inc. |  |  |  |
| 1480913 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.82% | 07/30/2031 | 1478803 |
| 300533 | &nbsp;&nbsp;&nbsp;Senior Secured Second Lien Term Loan (3 mo. Term SOFR + 5.75%, 0.00% Floor) | 9.47% | 07/30/2032 | 290503 |
|  | BradyPlus Holdings LLC |  |  |  |
| 315000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.19% | 12/29/2032 | 312178 |
|  | Brown Group Holding LLC |  |  |  |
| 172968 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.22% | 07/01/2031 | 174030 |
| 479588 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.22% | 07/01/2031 | 482533 |
| 90000 | &nbsp;&nbsp;&nbsp;Senior Secured Term Loan (3 mo. Term SOFR + 2.50%) | 6.36% | 07/01/2031 | 90553 |
| 55253 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.47% | 07/01/2031 | 55592 |
| 75640 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.57% | 07/01/2031 | 76105 |
| 117223 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.59% | 07/01/2031 | 117943 |
|  | Caesars Entertainment, Inc. |  |  |  |
| 1449811 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.50% Floor) | 5.97% | 02/06/2031 | 1438937 |
|  | Camelot US Acquisition LLC |  |  |  |
| 581028 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 01/31/2031 | 574407 |
| 12320 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 01/31/2031 | 12180 |
| 134748 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 01/31/2031 | 133213 |
|  | Castle US Holding Corp. |  |  |  |
| 117769 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.36%, 0.00% Floor) | 8.08% | 05/31/2030 | 63301 |
|  | Cengage Learning, Inc. |  |  |  |
| 339995 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 1.00% Floor) | 7.23% | 03/24/2031 | 341794 |
| 578223 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 1.00% Floor) | 7.32% | 03/24/2031 | 581282 |
|  | Central Parent LLC |  |  |  |
| 182746 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.92% | 07/06/2029 | 155387 |
|  | Chariot Buyer LLC |  |  |  |
| 820983 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 09/08/2032 | 823635 |
|  | CHG Healthcare Services, Inc. |  |  |  |
| 1943761 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.59% | 09/29/2028 | 1954918 |
|  | Clarios Global LP |  |  |  |
| 508575 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 05/06/2030 | 509900 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 877800 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 01/28/2032 | 883423 |
|  | Clear Channel Outdoor Holdings, Inc. |  |  |  |
| 375000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.11%, 0.00% Floor) | 7.83% | 08/23/2028 | 376474 |
|  | Clydesdale Acquisition Holdings, Inc. |  |  |  |
| 623773 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.18%, 0.50% Floor) | 6.89% | 04/13/2029 | 624996 |
|  | CNT Holdings I Corp. |  |  |  |
| 336482 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.75% Floor) | 6.09% | 11/08/2032 | 337657 |
|  | Colossus Acquireco LLC |  |  |  |
| 1451363 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.41% | 07/30/2032 | 1452016 |
|  | CommScope LLC |  |  |  |
| 0 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 2.00% Floor) | 8.67% | 12/17/2029 |  |
| 2816022 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 2.00% Floor) | 8.67% | 12/17/2029 | 2824977 |
|  | Compass Power Generation LLC |  |  |  |
| 428702 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 04/16/2029 | 432132 |
|  | Construction Partners, Inc. |  |  |  |
| 475200 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 11/03/2031 | 479358 |
|  | CoreLogic, Inc. |  |  |  |
| 482646 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.61%, 0.50% Floor) | 7.33% | 06/02/2028 | 483742 |
|  | Cornerstone Building Brands, Inc. |  |  |  |
| 377898 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 7.10% | 04/12/2028 | 297973 |
| 49375 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.50% Floor) | 8.25% | 05/15/2031 | 35262 |
|  | Cotiviti, Inc. |  |  |  |
| 1026201 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.62% | 05/01/2031 | 988575 |
| 144275 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.62% | 03/29/2032 | 138865 |
|  | CPI Holdco B LLC |  |  |  |
| 665881 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 05/19/2031 | 668055 |
|  | CPPIB OVM Member US LLC |  |  |  |
| 237150 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.17% | 08/20/2031 | 238891 |
|  | CQP Holdco LP |  |  |  |
| 355516 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.00%, 0.50% Floor) | 5.67% | 12/31/2030 | 357167 |
|  | Creative Artists Agency LLC |  |  |  |
| 696376 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 10/01/2031 | 699857 |
|  | Crosby US Acquisition Corp. |  |  |  |
| 166859 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.50% Floor) | 7.22% | 08/16/2029 | 167798 |
|  | Crown Finance US, Inc. |  |  |  |
| 967424 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.34% | 12/02/2031 | 955936 |
|  | CSC Holdings LLC |  |  |  |
| 302539 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (Prime Rate + 1.50%, 0.00% Floor) | 8.25% | 04/15/2027 | 265153 |
|  | Curium Bidco Sarl |  |  |  |
| 65221 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.67% | 08/07/2031 | 65955 |
| 44150 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.67% | 08/07/2031 | 44647 |
| 19617 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 7.00% | 08/07/2031 | 19838 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Cyborg Oldco DC Holdings, Inc. |  |  |  |
| 98874 | &nbsp;&nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 7.30 %<sup>(c)(d)</sup> | 05/01/2026 |  |
|  | Dawn Bidco LLC |  |  |  |
| 1415000 | &nbsp;&nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.73% | 10/07/2032 | 1412481 |
|  | Deep Blue Operating I LLC |  |  |  |
| 245000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.59% | 10/01/2032 | 246173 |
|  | Dexko Global, Inc. |  |  |  |
| 286551 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.01%, 0.50% Floor) | 7.58% | 10/04/2028 | 285028 |
|  | DG Investment Intermediate Holdings 2, Inc. |  |  |  |
| 1450000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.47% | 07/12/2032 | 1455438 |
| 120000 | &nbsp;&nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.50%, 0.00% Floor) | 9.22% | 07/29/2033 | 120450 |
|  | Directv Financing LLC |  |  |  |
| 17503 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.26%, 0.75% Floor) | 9.10% | 08/02/2027 | 17558 |
| 285364 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.51%, 0.75% Floor) | 9.35% | 08/02/2029 | 286708 |
|  | Dynasty Acquisition Co., Inc. |  |  |  |
| 279708 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 10/31/2031 | 281076 |
| 106392 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 10/31/2031 | 106912 |
|  | EAB Global, Inc. |  |  |  |
| 307133 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.92% | 08/16/2030 | 273848 |
|  | Eagle Parent Corp. |  |  |  |
| 70087 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 04/02/2029 | 70363 |
| 724843 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 04/02/2029 | 727688 |
| 70087 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 04/02/2029 | 70363 |
|  | Ecovyst Catalyst Technologies LLC |  |  |  |
| 160858 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.84% | 06/12/2031 | 161289 |
| 214446 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.84% | 06/12/2031 | 215021 |
|  | Edelman Financial Engines Center LLC |  |  |  |
| 724260 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 04/07/2028 | 728917 |
| 285000 | &nbsp;&nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.25%, 0.00% Floor) | 8.97% | 10/06/2028 | 285120 |
|  | EG America LLC |  |  |  |
| 584430 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.32% | 02/07/2028 | 587414 |
|  | Eisner Advisory Group LLC |  |  |  |
| 358072 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.50% Floor) | 7.72% | 02/28/2031 | 361039 |
|  | Element Materials Technology Group US Holdings, Inc. |  |  |  |
| 385809 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.68%, 0.50% Floor) | 7.35% | 06/25/2029 | 389667 |
|  | Ellucian Holdings, Inc. |  |  |  |
| 30000 | &nbsp;&nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.47% | 11/22/2032 | 30319 |
|  | Emrld Borrower LP |  |  |  |
| 414939 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.12% | 08/04/2031 | 416273 |
|  | Enviri Corp. |  |  |  |
| 740035 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.36%, 0.50% Floor) | 6.08% | 03/10/2028 | 741267 |
|  | Fertitta Entertainment LLC/NV |  |  |  |
| 898120 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 6.97% | 01/29/2029 | 898937 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | FinThrive Software Intermediate Holdings, Inc. |  |  |  |
| 24292 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.69% | 12/18/2028 | 21990 |
| 40895 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.11%, 0.50% Floor) | 7.84% | 12/18/2028 | 28264 |
|  | First Advantage Holdings LLC |  |  |  |
| 391963 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 10/31/2031 | 388573 |
|  | First Eagle Holdings, Inc. |  |  |  |
| 260521 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.17% | 08/16/2032 | 260504 |
|  | Flutter Financing BV |  |  |  |
| 402975 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.50% Floor) | 5.67% | 06/04/2032 | 403606 |
|  | Focus Financial Partners LLC |  |  |  |
| 1132919 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 09/15/2031 | 1136103 |
|  | Fortrea Holdings, Inc. |  |  |  |
| 15332 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.50% Floor) | 7.47% | 07/01/2030 | 14882 |
|  | Freeport LNG Investments LLLP |  |  |  |
| 665709 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 7.12% | 12/21/2028 | 669247 |
|  | Froneri US, Inc. |  |  |  |
| 305587 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.12% | 09/30/2032 | 306013 |
| 707675 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.12% | 09/30/2032 | 708662 |
| 411738 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.12% | 09/30/2032 | 412313 |
|  | Frontier Communications Holdings LLC |  |  |  |
| 763078 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.23% | 07/01/2031 | 764631 |
|  | Gainwell Acquisition Corp. |  |  |  |
| 1146238 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.10%, 0.75% Floor) | 7.77% | 10/01/2027 | 1128185 |
|  | Garda World Security Corp. |  |  |  |
| 893844 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.75% | 02/01/2029 | 898760 |
|  | GBT US III LLC |  |  |  |
| 277200 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.36% | 07/28/2031 | 278490 |
|  | Genmab AS |  |  |  |
| 375000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.73% | 12/13/2032 | 377227 |
|  | GFL ES US LLC |  |  |  |
| 668325 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.27% | 03/03/2032 | 672001 |
|  | GIP Pilot Acquisition Partners LP |  |  |  |
| 150994 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.94% | 10/04/2030 | 151535 |
|  | Gogo Intermediate Holdings LLC |  |  |  |
| 464496 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.86%, 0.75% Floor) | 7.58% | 04/28/2028 | 425885 |
|  | Golden State Foods LLC |  |  |  |
| 372244 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.67% | 12/04/2031 | 375035 |
| 102884 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.67% | 12/04/2031 | 103656 |
|  | Graham Packaging Co., Inc. |  |  |  |
| 1024299 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 08/04/2027 | 1029508 |
|  | Grant Thornton Advisors LLC |  |  |  |
| 400335 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 05/30/2031 | 401588 |
| 254363 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 05/30/2031 | 255680 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Green Infrastructure Partners, Inc. |  |  |  |
| 1315000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.42% | 09/24/2032 | 1319931 |
|  | Hamilton Projects Acquiror LLC |  |  |  |
| 237105 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 05/30/2031 | 239130 |
|  | Herc Holdings, Inc. |  |  |  |
| 195000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.52% | 06/02/2032 | 196260 |
|  | Hexion Holdings Corp. |  |  |  |
| 377036 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.50% Floor) | 7.73% | 03/15/2029 | 364581 |
|  | Hightower Holding LLC |  |  |  |
| 1567270 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.65% | 02/03/2032 | 1572175 |
|  | HomeServe USA Holding Corp. |  |  |  |
| 181763 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.73% | 10/21/2030 | 182331 |
|  | HUB International Ltd. |  |  |  |
| 795648 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.75% Floor) | 6.12% | 06/20/2030 | 800673 |
|  | Hunter Douglas, Inc. |  |  |  |
| 494299 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.67% | 01/20/2032 | 497652 |
|  | Husky Injection Molding Systems Ltd. |  |  |  |
| 386278 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.47% | 02/15/2029 | 389685 |
| 386278 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.59% | 02/15/2029 | 389685 |
|  | iHeartCommunications, Inc. |  |  |  |
| 158400 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 5.89%, 0.00% Floor) | 9.61% | 05/01/2029 | 145445 |
|  | INEOS US Finance LLC |  |  |  |
| 270648 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 02/19/2030 | 220325 |
|  | INEOS US Petrochem LLC |  |  |  |
| 287650 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 7.97% | 10/07/2031 | 193984 |
|  | ION Platform Finance US, Inc. |  |  |  |
| 823422 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.42% | 09/30/2032 | 775194 |
| 146578 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.42% | 09/30/2032 | 137993 |
|  | Iron Mountain, Inc. |  |  |  |
| 1157494 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 01/31/2031 | 1158941 |
|  | Kaman Corp. |  |  |  |
| 180867 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.32% | 02/26/2032 | 181817 |
| 158962 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.32% | 02/26/2032 | 159798 |
| 131498 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.32% | 02/26/2032 | 132189 |
| 7288 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.43% | 02/26/2032 | 7326 |
| 43980 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 44211 |
| 60289 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 60606 |
| 131816 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 132509 |
| 44086 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 44318 |
| 53165 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.54% | 02/26/2032 | 53444 |
|  | Kenan Advantage Group, Inc. |  |  |  |
| 791700 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 01/25/2029 | 786159 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Lavender US HoldCo 1, Inc. |  |  |  |
| 400000 | &nbsp;&nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 7.11% | 12/02/2032 | 403750 |
|  | LBM Acquisition LLC |  |  |  |
| 440820 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.85%, 0.75% Floor) | 7.58% | 06/06/2031 | 414690 |
|  | LC Ahab US Bidco LLC |  |  |  |
| 901394 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 05/01/2031 | 905153 |
|  | Life Time, Inc. |  |  |  |
| 332492 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.78% | 11/05/2031 | 334189 |
|  | LifePoint Health, Inc. |  |  |  |
| 834079 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.65% | 05/19/2031 | 837748 |
|  | Lightning Power LLC |  |  |  |
| 340688 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 08/18/2031 | 342873 |
|  | Live Nation Entertainment, Inc. |  |  |  |
| 590000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.73% | 10/21/2032 | 591475 |
|  | Lumen Technologies, Inc. |  |  |  |
| 1550723 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.46%, 2.00% Floor) | 6.18% | 04/16/2029 | 1544815 |
|  | Madison IAQ LLC |  |  |  |
| 551461 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.70% | 06/21/2028 | 554747 |
| 338971 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.64% | 05/06/2032 | 341532 |
|  | Madison Safety & Flow LLC |  |  |  |
| 194327 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.23% | 09/26/2031 | 195947 |
|  | McAfee Corp. |  |  |  |
| 617056 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.72% | 03/01/2029 | 571477 |
|  | Meade Pipeline Co. LLC |  |  |  |
| 495000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.69% | 09/22/2032 | 498403 |
|  | Medline Borrower LP |  |  |  |
| 673797 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.50% Floor) | 5.47% | 10/23/2030 | 677062 |
|  | MH Sub I LLC |  |  |  |
| 1001527 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.97% | 12/31/2031 | 861784 |
|  | Michaels Cos., Inc. |  |  |  |
| 219751 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.51%, 0.75% Floor) | 8.18% | 04/17/2028 | 213013 |
|  | Mitchell International, Inc. |  |  |  |
| 915796 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 6.97% | 06/17/2031 | 919922 |
| 145000 | &nbsp;&nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 8.50%, 0.00% Floor) | 8.97% | 06/17/2032 | 144438 |
|  | MITER Brands Acquisition Holdco, Inc. |  |  |  |
| 565051 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 03/28/2031 | 566289 |
|  | Motion Finco Sarl |  |  |  |
| 563854 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.17% | 11/30/2029 | 501481 |
|  | MX Holdings US, Inc. |  |  |  |
| 159201 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 03/17/2032 | 160064 |
|  | Natgasoline LLC |  |  |  |
| 299621 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 5.50%, 0.00% Floor) | 9.22% | 03/29/2030 | 302741 |
|  | NEP Group, Inc. |  |  |  |
| 317867 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.22% | 10/17/2031 | 292835 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Nexstar Media, Inc. |  |  |  |
| 621875 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 06/28/2032 | 625532 |
| 1563 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 06/28/2032 | 1572 |
|  | Numericable US LLC |  |  |  |
| 780185 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.88%, 0.00% Floor) | 10.86% | 05/15/2031 | 780997 |
|  | OneDigital Borrower LLC |  |  |  |
| 669800 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.72% | 07/02/2031 | 672325 |
| 142326 | &nbsp;&nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.25%, 0.50% Floor) | 8.97% | 07/02/2032 | 143839 |
|  | Ontario Gaming GTA LP |  |  |  |
| 600151 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 8.24% | 08/01/2030 | 556853 |
|  | Opal US LLC |  |  |  |
| 1192013 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.69% | 04/23/2032 | 1200953 |
|  | OPENLANE, Inc. |  |  |  |
| 570000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.36% | 10/08/2032 | 571428 |
|  | Ovg Business Services LLC |  |  |  |
| 1117288 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 06/25/2031 | 1120780 |
|  | Pacific Dental Services, Inc. |  |  |  |
| 542211 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.24% | 03/17/2031 | 544938 |
|  | Par Petroleum LLC |  |  |  |
| 82665 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.95% | 02/28/2030 | 83096 |
|  | PetSmart LLC |  |  |  |
| 645000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.73% | 08/18/2032 | 643188 |
|  | Pinnacle Buyer LLC |  |  |  |
| 192421 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.49% | 10/01/2032 | 193384 |
|  | Polaris Newco LLC |  |  |  |
| 622839 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.86%, 0.50% Floor) | 7.85% | 06/05/2028 | 602055 |
|  | Pregis TopCo LLC |  |  |  |
| 457676 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.72% | 02/01/2029 | 462049 |
|  | Pretzel Parent T/L B |  |  |  |
| 563573 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.22% | 10/01/2031 | 557937 |
|  | Prime Security Services Borrower LLC |  |  |  |
| 579551 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.58% | 03/08/2032 | 578789 |
| 151765 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 1.75%, 0.00% Floor) | 5.58% | 03/08/2032 | 151565 |
|  | Primo Brands Corp. |  |  |  |
| 1127499 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.50% Floor) | 5.92% | 03/31/2028 | 1132014 |
|  | Project Aurora US Finco, Inc. |  |  |  |
| 289275 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.49% | 09/30/2032 | 291083 |
|  | Proofpoint, Inc. |  |  |  |
| 1754182 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.67% | 08/31/2028 | 1766120 |
|  | Pye-Barker Fire & Safety LLC |  |  |  |
| 374100 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.21% | 12/16/2032 | 376866 |
|  | Qnity Electronics, Inc. |  |  |  |
| 755000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.70% | 11/01/2032 | 759364 |
|  | Quikrete Holdings, Inc. |  |  |  |
| 572911 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 03/19/2029 | 575627 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 68780 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 04/14/2031 | 69056 |
| 774109 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 02/10/2032 | 777372 |
|  | Radiology Partners, Inc. |  |  |  |
| 832913 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.17% | 06/30/2032 | 832459 |
|  | RealPage, Inc. |  |  |  |
| 626079 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.11%, 0.50% Floor) | 6.93% | 04/24/2028 | 626320 |
| 188575 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.50% Floor) | 7.42% | 04/24/2028 | 189420 |
|  | Resideo Funding, Inc. |  |  |  |
| 748125 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 08/13/2032 | 750930 |
|  | Sabre GLBL, Inc. |  |  |  |
| 93910 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.10%, 0.00% Floor) | 9.82% | 11/15/2029 | 84519 |
| 149141 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.00%) | 10.02% | 11/15/2029 | 132735 |
|  | Savor Acquisition, Inc. |  |  |  |
| 49587 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 02/19/2032 | 49855 |
| 436920 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.84% | 02/19/2032 | 439286 |
|  | Sedgwick Claims Management Services, Inc. |  |  |  |
| 498706 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 07/31/2031 | 500838 |
|  | Sgh2 LLC |  |  |  |
| 448875 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.17% | 08/18/2032 | 451119 |
|  | Signia Aerospace LLC |  |  |  |
| 8993 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.44% | 12/11/2031 | 9038 |
| 12591 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.57% | 12/11/2031 | 12653 |
| 355243 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.57% | 12/11/2031 | 356994 |
| 290653 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.50% Floor) | 6.67% | 12/11/2031 | 292086 |
|  | Six Flags Entertainment Corp. |  |  |  |
| 600226 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 05/01/2031 | 594347 |
|  | Southern Veterinary Partners LLC |  |  |  |
| 900954 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.37% | 12/04/2031 | 900878 |
|  | Staples, Inc. |  |  |  |
| 396343 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.75%, 0.50% Floor) | 9.60% | 09/10/2029 | 377392 |
|  | Starwood Property Mortgage LLC |  |  |  |
| 97491 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.72% | 01/02/2030 | 97735 |
| 324188 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.50% Floor) | 5.97% | 09/24/2032 | 325403 |
|  | Stonepeak Bayou Holdings LP |  |  |  |
| 335000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.42% | 10/01/2032 | 304012 |
|  | StubHub Holdco Sub LLC |  |  |  |
| 627532 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.47% | 03/15/2030 | 623217 |
|  | Sunrise Financing Partnership |  |  |  |
| 605000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.43% | 02/17/2032 | 607919 |
|  | Talen Energy Supply LLC |  |  |  |
| 570000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.88% | 11/26/2032 | 570804 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Tamko Building Products LLC |  |  |  |
| 44256 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.42% | 09/20/2030 | 44607 |
| 45625 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.45% | 09/20/2030 | 45986 |
| 45625 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.48% | 09/20/2030 | 45986 |
| 45625 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.57% | 09/20/2030 | 45986 |
| 45625 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.61% | 09/20/2030 | 45986 |
| 91250 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.79% | 09/20/2030 | 91972 |
| 43344 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.95% | 09/20/2030 | 43687 |
|  | Team Health Holdings, Inc. |  |  |  |
| 477600 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.34% | 06/30/2028 | 479802 |
|  | Tecta America Corp. |  |  |  |
| 517400 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.75%, 0.00% Floor) | 6.47% | 02/18/2032 | 520026 |
|  | Tiger Acquisition LLC |  |  |  |
| 691879 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.23% | 08/23/2032 | 694907 |
|  | TKO Worldwide Holdings LLC |  |  |  |
| 228850 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.87% | 11/21/2031 | 230153 |
|  | Townsquare Media, Inc. |  |  |  |
| 147164 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.00%, 0.00% Floor) | 8.88% | 02/19/2030 | 104854 |
|  | TransDigm, Inc. |  |  |  |
| 646801 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 02/28/2031 | 649961 |
| 439438 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 01/20/2032 | 441694 |
| 902738 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 08/19/2032 | 907517 |
|  | Trident TPI Holdings, Inc. |  |  |  |
| 588048 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.50% Floor) | 7.42% | 09/18/2028 | 566296 |
|  | Trucordia Insurance Holdings LLC |  |  |  |
| 653363 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 7.21% | 06/17/2032 | 650096 |
|  | UKG, Inc. |  |  |  |
| 1496250 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.34% | 02/10/2031 | 1499549 |
|  | United Natural Foods, Inc. |  |  |  |
| 142139 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.67% | 05/01/2031 | 143347 |
|  | United Talent Agency LLC |  |  |  |
| 138600 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.75% | 06/10/2032 | 139813 |
|  | Univision Communications, Inc. |  |  |  |
| 229418 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.50% Floor) | 7.33% | 01/31/2029 | 229239 |
| 704402 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 06/25/2029 | 706516 |
|  | Veritiv Operating Co. |  |  |  |
| 272529 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.67% | 11/29/2030 | 272885 |
|  | Vestis Corp. |  |  |  |
| 555531 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.07% | 02/24/2031 | 511783 |
|  | Victory Capital Holdings, Inc. |  |  |  |
| 169575 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.67% | 09/23/2032 | 170766 |
|  | Victra Holdings LLC |  |  |  |
| 990757 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.48% | 03/29/2029 | 993388 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Virgin Media Bristol LLC |  |  |  |
| 610000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.28%, 0.00% Floor) | 7.05% | 03/31/2031 | 605321 |
|  | Virtus Investment Partners, Inc. |  |  |  |
| 274313 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.25%, 0.00% Floor) | 5.97% | 09/27/2032 | 276713 |
|  | Voyager Parent LLC |  |  |  |
| 165000 | &nbsp;&nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 8.00% | 07/01/2032 | 165325 |
| 621688 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.42% | 07/01/2032 | 622912 |
| 101375 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.42% | 07/01/2032 | 101575 |
|  | VT Topco, Inc. |  |  |  |
| 321640 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.00%, 0.50% Floor) | 6.87% | 08/09/2030 | 317677 |
|  | Wand NewCo 3, Inc. |  |  |  |
| 1082432 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.00% Floor) | 6.22% | 01/30/2031 | 1084802 |
|  | WEC US Holdings, Inc. |  |  |  |
| 459188 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.00%, 0.00% Floor) | 5.87% | 01/27/2031 | 460482 |
|  | Whatabrands LLC |  |  |  |
| 998279 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%, 0.50% Floor) | 6.22% | 08/03/2028 | 1002038 |
|  | White Cap Supply Holdings LLC |  |  |  |
| 945848 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 10/29/2029 | 950771 |
|  | WhiteWater Matterhorn Holdings LLC |  |  |  |
| 160000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 2.25%, 0.00% Floor) | 6.31% | 06/16/2032 | 160833 |
|  | X Corp. |  |  |  |
| 715000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan | 9.50% | 10/29/2029 | 713849 |
| 2183918 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 6.65%, 0.50% Floor) | 10.45% | 10/29/2029 | 2150384 |
|  | Zayo Group Holdings, Inc. |  |  |  |
| 5664 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.11% + 0.50% PIK, 0.00% Floor) | 7.35% | 03/11/2030 | 5391 |
| 595905 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00% + 0.50% PIK, 0.00% Floor) | 7.35% | 03/11/2030 | 567194 |
|  | Zelis Payments Buyer, Inc. |  |  |  |
| 743295 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 11/26/2031 | 738649 |
|  | Ziggo Financing Partnership |  |  |  |
| 89615 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 2.50%) | 6.76% | 04/28/2028 | 89757 |
|  | **Total Bank Loans (Cost $135,659,810)** |  |  | **135647515** |
| **COLLATERALIZED LOAN OBLIGATIONS - 12.8%** | **COLLATERALIZED LOAN OBLIGATIONS - 12.8%** |  |  |  |
|  | Aimco CDO |  |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2024-21A-D1 (3 mo. Term SOFR + 3.15%, 3.15% Floor) | 7.03 %<sup>(a)</sup> | 04/18/2037 | 1008176 |
|  | Allegro CLO Ltd. |  |  |  |
| 1800000 | &nbsp;&nbsp;&nbsp;Series 2024-2A-A1 (3 mo. Term SOFR + 1.50%, 1.50% Floor) | 5.37 %<sup>(a)</sup> | 07/24/2037 | 1806480 |
|  | Anthelion CLO |  |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A1 (3 mo. Term SOFR + 1.50%, 1.50% Floor) | 5.82 %<sup>(a)</sup> | 07/20/2036 | 1003515 |
|  | Apidos CLO |  |  |  |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A1R (3 mo. Term SOFR + 1.25%, 1.25% Floor) | 5.38 %<sup>(a)</sup> | 10/25/2038 | 5014933 |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-D1R (3 mo. Term SOFR + 2.70%, 2.70% Floor) | 6.83 %<sup>(a)</sup> | 10/25/2038 | 501954 |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2025-54A-A1 (3 mo. Term SOFR + 1.30%, 1.30% Floor) | 5.47 %<sup>(a)</sup> | 10/20/2038 | 3010934 |
|  | Bain Capital Credit CLO |  |  |  |
| 1250000 | &nbsp;&nbsp;&nbsp;Series 2021-7A-DR (3 mo. Term SOFR + 2.90%, 2.90% Floor) | 6.76 %<sup>(a)</sup> | 01/22/2035 | 1255926 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 2500000 | &nbsp;&nbsp;&nbsp;Series 2023-2A-A1R (3 mo. Term SOFR + 1.32%, 1.32% Floor) | 5.20 %<sup>(a)</sup> | 07/18/2038 | 2509727 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-D1 (3 mo. Term SOFR + 2.50%, 2.50% Floor) | 6.36 %<sup>(a)</sup> | 04/23/2038 | 968430 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2025-3A-D1 (3 mo. Term SOFR + 2.85%, 2.85% Floor) | 7.06 %<sup>(a)</sup> | 07/23/2038 | 1009417 |
|  | Benefit Street Partners CLO Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2025-42A-D1 (3 mo. Term SOFR + 2.70%, 2.70% Floor) | 6.77 %<sup>(a)</sup> | 10/25/2038 | 502702 |
|  | BlueMountain CLO Ltd. |  |  |  |
| 3770000 | &nbsp;&nbsp;&nbsp;Series 2013-2A-DR (3 mo. Term SOFR + 3.16%, 0.00% Floor) | 7.02 %<sup>(a)</sup> | 10/22/2030 | 3774471 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2016-3A-DR (3 mo. Term SOFR + 3.36%, 3.10% Floor) | 7.21 %<sup>(a)</sup> | 11/15/2030 | 1000909 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2017-2A-C (3 mo. Term SOFR + 3.26%, 0.00% Floor) | 7.15 %<sup>(a)</sup> | 10/20/2030 | 1001401 |
| 2500000 | &nbsp;&nbsp;&nbsp;Series 2018-23A-D1R (3 mo. Term SOFR + 3.85%, 3.85% Floor) | 7.73 %<sup>(a)</sup> | 07/20/2037 | 2511092 |
|  | Canyon Capital CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2012-1RA-D (3 mo. Term SOFR + 3.26%, 0.00% Floor) | 7.17 %<sup>(a)</sup> | 07/15/2030 | 1000832 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2014-1A-CR (3 mo. Term SOFR + 3.01%, 2.75% Floor) | 6.85 %<sup>(a)</sup> | 01/30/2031 | 2010603 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2022-1A-D (3 mo. Term SOFR + 3.20%, 3.20% Floor) | 7.09 %<sup>(a)</sup> | 04/15/2035 | 999514 |
|  | Carlyle Global Market Strategies |  |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2020-2A-CR2 (3 mo. Term SOFR + 2.90%, 2.90% Floor) | 6.76 %<sup>(a)</sup> | 01/25/2035 | 502644 |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2021-8A-A1R (3 mo. Term SOFR + 1.27%, 1.27% Floor) | 5.25 %<sup>(a)</sup> | 10/15/2038 | 5015600 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2023-3A-A1R (3 mo. Term SOFR + 1.23%, 1.23% Floor) | 5.13 %<sup>(a)</sup> | 10/15/2038 | 2004850 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2024-2A-D (3 mo. Term SOFR + 3.85%, 3.85% Floor) | 7.71 %<sup>(a)</sup> | 04/25/2037 | 1016359 |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2024-4A-D (3 mo. Term SOFR + 3.20%, 3.20% Floor) | 7.08 %<sup>(a)</sup> | 07/20/2037 | 500183 |
|  | Cathedral Lake CLO Ltd. |  |  |  |
| 3500000 | &nbsp;&nbsp;&nbsp;Series 2021-8A-D1 (3 mo. Term SOFR + 3.68%, 3.42% Floor) | 7.57 %<sup>(a)</sup> | 01/20/2035 | 3513101 |
|  | Cent CLO |  |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2018-27A-DR (3 mo. Term SOFR + 4.09%, 3.83% Floor) | 7.95 %<sup>(a)</sup> | 01/25/2035 | 494502 |
|  | CIFC Funding Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2019-3A-D1R2 (3 mo. Term SOFR + 2.75%, 2.75% Floor) | 6.64 %<sup>(a)</sup> | 01/16/2038 | 1004125 |
|  | Crown City CLO |  |  |  |
| 4000000 | &nbsp;&nbsp;&nbsp;Series 2024-6A-D1 (3 mo. Term SOFR + 3.50%, 3.50% Floor) | 7.40 %<sup>(a)</sup> | 07/15/2037 | 4020445 |
|  | Dryden Senior Loan Fund |  |  |  |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2015-37A-DR (3 mo. Term SOFR + 2.76%, 2.50% Floor) | 6.67 %<sup>(a)</sup> | 01/15/2031 | 3013129 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2019-68A-DR (3 mo. Term SOFR + 3.61%, 3.35% Floor) | 7.52 %<sup>(a)</sup> | 07/15/2035 | 990182 |
|  | Eldridge CLO Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A1 (3 mo. Term SOFR + 1.33%, 1.33% Floor) | 5.25 %<sup>(a)</sup> | 10/20/2038 | 501620 |
|  | Empower CLO Ltd. |  |  |  |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2023-2A-AR (3 mo. Term SOFR + 1.32%, 1.32% Floor) | 5.22 %<sup>(a)</sup> | 10/15/2038 | 3009375 |
|  | Generali |  |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2025-4A-D (3 mo. Term SOFR + 2.80%, 2.80% Floor) | 6.77 %<sup>(a)</sup> | 10/20/2038 | 502470 |
|  | Generate CLO Ltd. |  |  |  |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2023-12A-AR (3 mo. Term SOFR + 1.33%, 1.33% Floor) | 5.61 %<sup>(a)</sup> | 07/20/2038 | 2007984 |
|  | Goldentree Loan Opportunities Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2024-20A-D (3 mo. Term SOFR + 3.15%, 3.15% Floor) | 7.03 %<sup>(a)</sup> | 07/20/2037 | 1004880 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2024-21A-D (3 mo. Term SOFR + 3.05%, 3.05% Floor) | 6.93 %<sup>(a)</sup> | 07/20/2037 | 1006471 |
|  | Halcyon Loan Advisors Funding Ltd. |  |  |  |
| 266376 | &nbsp;&nbsp;&nbsp;Series 2014-2A-D (3 mo. Term SOFR + 5.26%, 0.00% Floor) | 9.12 %<sup>(a)</sup> | 04/30/2026 | 35490 |
|  | Highbridge Loan Management Ltd. |  |  |  |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2013-2A-CR (3 mo. Term SOFR + 3.16%, 2.90% Floor) | 7.05 %<sup>(a)</sup> | 10/20/2029 | 2000107 |
|  | ICG US CLO Ltd. |  |  |  |
| 2500000 | &nbsp;&nbsp;&nbsp;Series 2023-1A-AR (3 mo. Term SOFR + 1.38%, 1.38% Floor) | 5.26 %<sup>(a)</sup> | 07/18/2038 | 2510048 |
|  | ING Investment Management CLO Ltd. |  |  |  |
| 3900000 | &nbsp;&nbsp;&nbsp;Series 2013-1A-CR (3 mo. Term SOFR + 3.21%, 0.00% Floor) | 7.12 %<sup>(a)</sup> | 10/15/2030 | 3898798 |
|  | Invesco CLO Ltd. |  |  |  |
| 850000 | &nbsp;&nbsp;&nbsp;Series 2021-3A-DR (3 mo. Term SOFR + 3.10%, 3.10% Floor) | 6.96 %<sup>(a)</sup> | 10/22/2034 | 854680 |
|  | LCM LP |  |  |  |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 26A-D (3 mo. Term SOFR + 2.76%, 2.50% Floor) | 6.65 %<sup>(a)</sup> | 01/20/2031 | 5003652 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 27A-D (3 mo. Term SOFR + 3.21%, 0.00% Floor) | 7.11 %<sup>(a)</sup> | 07/16/2031 | 1499214 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | LCM XIII LP |  |  |  |
| 3175000 | &nbsp;&nbsp;&nbsp;Series 14A-DR (3 mo. Term SOFR + 3.01%, 0.00% Floor) | 6.90 %<sup>(a)</sup> | 07/20/2031 | 3187872 |
|  | Lodi Park CLO Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-D1 (3 mo. Term SOFR + 3.00%, 3.00% Floor) | 6.87 %<sup>(a)</sup> | 07/21/2037 | 501521 |
|  | Magnetite CLO Ltd. |  |  |  |
| 1750000 | &nbsp;&nbsp;&nbsp;Series 2019-23A-DR (3 mo. Term SOFR + 3.31%, 3.05% Floor) | 7.17 %<sup>(a)</sup> | 01/25/2035 | 1754938 |
|  | Marble Point CLO |  |  |  |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2020-3A-AR2 (3 mo. Term SOFR + 1.30%, 1.30% Floor) | 5.44 %<sup>(a)</sup> | 10/19/2038 | 5015288 |
| 3500000 | &nbsp;&nbsp;&nbsp;Series 2021-3A-D1 (3 mo. Term SOFR + 3.76%, 3.50% Floor) | 7.64 %<sup>(a)</sup> | 10/17/2034 | 3507149 |
|  | Menlo CLO Ltd. |  |  |  |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-A1 (3 mo. Term SOFR + 1.42%, 1.42% Floor) | 5.30 %<sup>(a)</sup> | 01/20/2038 | 5022662 |
|  | Neuberger Berman CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2014-17A-AR3 (3 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.26 %<sup>(a)</sup> | 07/22/2038 | 1003965 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2021-44A-DR (3 mo. Term SOFR + 2.65%, 2.65% Floor) | 6.54 %<sup>(a)</sup> | 10/16/2035 | 1004048 |
|  | OCP CLO Ltd. |  |  |  |
| 2250000 | &nbsp;&nbsp;&nbsp;Series 2021-21A-D1R (3 mo. Term SOFR + 2.65%, 2.65% Floor) | 6.53 %<sup>(a)</sup> | 01/20/2038 | 2270553 |
|  | Octagon Credit Investors LLC |  |  |  |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2025-1A-A1 (3 mo. Term SOFR + 1.20%, 1.20% Floor) | 5.06 %<sup>(a)</sup> | 01/22/2038 | 10004045 |
|  | Octagon Investment Partners Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2019-1A-ER (3 mo. Term SOFR + 7.26%, 7.00% Floor) | 11.15 %<sup>(a)</sup> | 01/20/2035 | 439754 |
|  | Palmer Square CLO Ltd. |  |  |  |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2021-3A-A1R (3 mo. Term SOFR + 1.29%, 1.29% Floor) | 5.19 %<sup>(a)</sup> | 10/15/2038 | 3010293 |
|  | Peace Park CLO Ltd. |  |  |  |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2021-1A-AR (3 mo. Term SOFR + 1.25%, 1.25% Floor) | 5.13 %<sup>(a)</sup> | 10/20/2038 | 2005809 |
|  | Rockland Park CLO Ltd. |  |  |  |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2021-1A-A1R (3 mo. Term SOFR + 1.30%, 1.30% Floor) | 5.18 %<sup>(a)</sup> | 07/20/2038 | 5018407 |
|  | Sound Point CLO Ltd. |  |  |  |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2015-2A-DRRR (3 mo. Term SOFR + 4.76%, 4.50% Floor) | 8.65 %<sup>(a)</sup> | 07/20/2032 | 1937599 |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2017-4A-C (3 mo. Term SOFR + 2.76%, 0.00% Floor) | 6.65 %<sup>(a)</sup> | 01/21/2031 | 499606 |
| 6000000 | &nbsp;&nbsp;&nbsp;Series 2019-2A-DR (3 mo. Term SOFR + 3.56%, 3.30% Floor) | 7.47 %<sup>(a)</sup> | 07/15/2034 | 6003356 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2019-3A-DR (3 mo. Term SOFR + 3.76%, 3.76% Floor) | 7.62 %<sup>(a)</sup> | 10/25/2034 | 966926 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2020-1A-DR (3 mo. Term SOFR + 3.61%, 3.61% Floor) | 7.50 %<sup>(a)</sup> | 07/20/2034 | 1000786 |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2020-2A-DR (3 mo. Term SOFR + 3.61%, 3.35% Floor) | 7.47 %<sup>(a)</sup> | 10/25/2034 | 5010034 |
| 7500000 | &nbsp;&nbsp;&nbsp;Series 2021-4A-A (3 mo. Term SOFR + 1.41%, 1.41% Floor) | 5.27 %<sup>(a)</sup> | 10/25/2034 | 7504397 |
| 3375000 | &nbsp;&nbsp;&nbsp;Series 2021-4A-D (3 mo. Term SOFR + 3.66%, 3.66% Floor) | 7.52 %<sup>(a)</sup> | 10/25/2034 | 3374730 |
|  | Storm King Park CLO Ltd. |  |  |  |
| 4000000 | &nbsp;&nbsp;&nbsp;Series 2022-1A-AR (3 mo. Term SOFR + 1.36%, 1.36% Floor) | 5.26 %<sup>(a)</sup> | 10/15/2037 | 4016372 |
|  | Symphony CLO Ltd. |  |  |  |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2015-16A-DR (3 mo. Term SOFR + 3.31%, 3.05% Floor) | 7.22 %<sup>(a)</sup> | 10/15/2031 | 1502397 |
|  | TIAA CLO Ltd. |  |  |  |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2025-52A-B (3 mo. Term SOFR + 1.76%, 0.00% Floor) | 5.66 %<sup>(a)</sup> | 01/16/2031 | 1500897 |
|  | Upland CLO |  |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2016-1A-CR (3 mo. Term SOFR + 3.16%, 0.00% Floor) | 7.05 %<sup>(a)</sup> | 04/20/2031 | 500328 |
|  | Vibrant CLO Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2015-3A-A2RR (3 mo. Term SOFR + 2.11%, 0.26% Floor) | 6.00 %<sup>(a)</sup> | 10/20/2031 | 500312 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2024-4RA-A1A (3 mo. Term SOFR + 1.43%, 1.43% Floor) | 5.31 %<sup>(a)</sup> | 10/20/2037 | 2007580 |
|  | Voya CLO Ltd. |  |  |  |
| 1200000 | &nbsp;&nbsp;&nbsp;Series 2021-1A-DR (3 mo. Term SOFR + 2.80%, 2.80% Floor) | 6.70 %<sup>(a)</sup> | 07/15/2034 | 1203776 |
|  | Warwick Capital CLO Ltd. |  |  |  |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2023-1A-AR (3 mo. Term SOFR + 1.28%, 1.28% Floor) | 5.25 %<sup>(a)</sup> | 10/20/2038 | 5015346 |
|  | Wind River CLO Ltd. |  |  |  |
| 4000000 | &nbsp;&nbsp;&nbsp;Series 2014-2A-DR (3 mo. Term SOFR + 3.16%, 2.90% Floor) | 7.07 %<sup>(a)</sup> | 01/15/2031 | 4020572 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2014-2A-ER (3 mo. Term SOFR + 6.01%, 5.75% Floor) | 9.92 %<sup>(a)</sup> | 01/15/2031 | 1794811 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2014-3A-DR2 (3 mo. Term SOFR + 3.66%, 3.40% Floor) | 7.52 %<sup>(a)</sup> | 10/22/2031 | 1508312 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2017-1A-DR (3 mo. Term SOFR + 3.98%, 3.72% Floor) | 7.87 %<sup>(a)</sup> |  | 04/18/2036 | 2003628 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2021-3A-D1AR (3 mo. Term SOFR + 3.00%, 3.00% Floor) | 6.88 %<sup>(a)</sup> |  | 04/20/2038 | 1001783 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2021-4A-D (3 mo. Term SOFR + 3.46%, 3.20% Floor) | 7.35 %<sup>(a)</sup> |  | 01/20/2035 | 982482 |
|  | **Total Collateralized Loan Obligations (Cost $174,466,842)** | **Total Collateralized Loan Obligations (Cost $174,466,842)** | **Total Collateralized Loan Obligations (Cost $174,466,842)** |  | **174403259** |
| **FOREIGN CORPORATE BONDS - 4.4%** | **FOREIGN CORPORATE BONDS - 4.4%** |  |  |  |  |
| 972614 | Acu Petroleo Luxembourg Sarl | 7.50% |  | 01/13/2032 | 993728 |
| 649000 | Adani Electricity Mumbai Ltd. | 3.95% |  | 02/12/2030 | 604985 |
| 400000 | Adani Electricity Mumbai Ltd. | 3.87% |  | 07/22/2031 | 360035 |
| 979200 | Adani International Container Terminal Pvt Ltd. | 3.00% |  | 02/16/2031 | 902868 |
| 600000 | Adani Ports & Special Economic Zone Ltd. | 4.38% |  | 07/03/2029 | 582629 |
| 700000 | Adani Ports & Special Economic Zone Ltd. | 3.10% |  | 02/02/2031 | 621015 |
| 410625 | Adani Renewable Energy RJ Ltd./Kodangal Solar Parks Pvt Ltd./Wardha Solar Maharash | 4.63% |  | 10/15/2039 | 349757 |
| 500000 | Adani Transmission Step-One Ltd. | 4.00% |  | 08/03/2026 | 496466 |
| 532000 | Adani Transmission Step-One Ltd. | 4.25% |  | 05/21/2036 | 480662 |
| 200000 | Agrosuper SA | 4.60% |  | 01/20/2032 | 192323 |
| 295832 | AL Candelaria Spain SA | 7.50% |  | 12/15/2028 | 300015 |
| 500000 | AL Candelaria Spain SA | 5.75% |  | 06/15/2033 | 444073 |
| 500000 | AL Candelaria Spain SA | 5.75 %<sup>(a)</sup> |  | 06/15/2033 | 444073 |
| 201375 | Altice France SA | 6.88 %<sup>(a)</sup> |  | 07/15/2032 | 193239 |
| 1200000 | AngloGold Ashanti Holdings PLC | 3.38% |  | 11/01/2028 | 1164706 |
| 215000 | Ardonagh Finco Ltd. | 7.75 %<sup>(a)</sup> |  | 02/15/2031 | 225551 |
| 400000 | Aris Mining Corp. | 8.00 %<sup>(a)</sup> |  | 10/31/2029 | 417787 |
| 400000 | Banco Davivienda SA<br> (10 yr. CMT Rate + 5.10%) | 6.65 %<sup>(a)(e)</sup> |  | 04/22/2031 | 379929 |
| 600000 | Banco Davivienda SA<br> (5 yr. CMT Rate + 4.59%) | 8.13 %<sup>(a)</sup> |  | 07/02/2035 | 629928 |
| 800000 | Banco de Bogota SA | 6.25% |  | 05/12/2026 | 804006 |
| 1950000 | Banco de Credito del Peru SA<br> (5 yr. CMT Rate + 2.45%) | 3.25% |  | 09/30/2031 | 1924308 |
| 300000 | Banco GNB Sudameris SA<br> (5 yr. CMT Rate + 6.66%) | 7.50% |  | 04/16/2031 | 297971 |
| 900000 | Banco Industrial SA/Guatemala<br> (5 yr. CMT Rate + 4.44%) | 4.88% |  | 01/29/2031 | 897840 |
| 400000 | Banco Internacional del Peru SAA Interbank<br> (5 yr. CMT Rate + 2.07%) | 6.40 %<sup>(a)</sup> |  | 04/30/2035 | 420500 |
| 600000 | Banco Internacional del Peru SAA Interbank<br> (5 yr. CMT Rate + 2.07%) | 6.40% |  | 04/30/2035 | 630750 |
| 200000 | Banco Mercantil del Norte SA/Grand Cayman<br> (10 yr. CMT Rate + 5.47%) | 7.50 %<sup>(e)</sup> |  | 06/27/2029 | 206877 |
| 700000 | Banco Mercantil del Norte SA/Grand Cayman<br> (5 yr. CMT Rate + 4.07%) | 8.38 %<sup>(a)(e)</sup> |  | 05/20/2031 | 735875 |
| 200000 | Bancolombia SA<br> (5 yr. CMT Rate + 4.32%) | 8.63% |  | 12/24/2034 | 214606 |
| 400000 | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX<br> (5 yr. CMT Rate + 4.31%) | 5.88% |  | 09/13/2034 | 399632 |
| 900000 | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX<br> (5 yr. CMT Rate + 4.21%) | 8.13% |  | 01/08/2039 | 974239 |
| 330000 | Belron UK Finance PLC | 5.75 %<sup>(a)</sup> |  | 10/15/2029 | 337164 |
| 900000 | CAP SA | 3.90% |  | 04/27/2031 | 736582 |
| 600000 | CAP SA | 3.90 %<sup>(a)</sup> |  | 04/27/2031 | 491054 |
| 1800000 | Cemex SAB de CV<br> (5 yr. CMT Rate + 4.53%) | 5.13 %<sup>(e)</sup> |  | 06/08/2026 | 1800904 |
| 200000 | Cemex SAB de CV<br> (5 yr. CMT Rate + 3.52%) | 7.20 %<sup>(a)(e)</sup> |  | 06/10/2030 | 208830 |
| 800000 | Cencosud SA | 4.38% |  | 07/17/2027 | 800801 |
| 1143772 | Chile Electricity PEC SpA | 0.00 %<sup>(a)</sup> |  | 01/25/2028 | 1030824 |
| 441000 | Cometa Energia SAB de CV | 6.38% |  | 04/24/2035 | 462803 |
| 400000 | Cosan Luxembourg SA | 5.50% |  | 09/20/2029 | 392086 |
| 900000 | Cosan Overseas Ltd. | 8.25 %<sup>(e)</sup> |  | 02/05/2026 | 910575 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 1100000 | CSN Resources SA | 5.88% | 04/08/2032 | 867598 |
| 230000 | Danaos Corp. | 6.88 %<sup>(a)</sup> | 10/15/2032 | 238057 |
| 1700000 | DBS Group Holdings Ltd.<br> (5 yr. CMT Rate + 1.10%) | 1.82% | 03/10/2031 | 1689315 |
| 339480 | Digicel Group Holdings Ltd. | 0.00 %<sup>(a)(d)</sup> | 12/31/2030 | 2270 |
| 165105 | Digicel Group Holdings Ltd. | 0.00 %<sup>(a)(d)</sup> | 12/31/2030 | 7746 |
| 273600 | Empresa Electrica Angamos SA | 4.88% | 05/25/2029 | 250815 |
| 278400 | Empresa Electrica Cochrane SpA | 5.50% | 05/14/2027 | 276657 |
| 800000 | Empresas Publicas de Medellin ESP | 4.38% | 02/15/2031 | 732459 |
| 200000 | EQUATE Petrochemical Co. KSC | 4.25% | 11/03/2026 | 199746 |
| 502957 | Fermaca Enterprises S de RL de CV | 6.38% | 03/30/2038 | 512513 |
| 321800 | Fideicomiso PA Pacifico Tres | 8.25% | 01/15/2035 | 337890 |
| 900000 | Freeport Indonesia PT | 4.76% | 04/14/2027 | 906044 |
| 300000 | Froneri Lux FinCo SARL | 6.00 %<sup>(a)</sup> | 08/01/2032 | 304357 |
| 519828 | Galaxy Pipeline Assets Bidco Ltd. | 2.94% | 09/30/2040 | 443292 |
| 265000 | Garda World Security Corp. | 6.50 %<sup>(a)</sup> | 01/15/2031 | 271326 |
| 285000 | Garda World Security Corp. | 8.25 %<sup>(a)</sup> | 08/01/2032 | 290795 |
| 200000 | Genmab AS / Genmab Finance LLC | 6.25 %<sup>(a)</sup> | 12/15/2032 | 205108 |
| 220000 | GGAM Finance Ltd. | 6.88 %<sup>(a)</sup> | 04/15/2029 | 228731 |
| 825000 | Global Aircraft Leasing Co. Ltd. | 8.75 %<sup>(a)</sup> | 09/01/2027 | 856597 |
| 235400 | GNL Quintero SA | 4.63% | 07/31/2029 | 235658 |
| 700000 | Gold Fields Orogen Holdings BVI Ltd. | 6.13% | 05/15/2029 | 736223 |
| 250000 | Grifols SA | 4.75 %<sup>(a)</sup> | 10/15/2028 | 247085 |
| 147330 | Guara Norte Sarl | 5.20% | 06/15/2034 | 143925 |
| 1100000 | InRetail Consumer | 3.25% | 03/22/2028 | 1075152 |
| 800000 | Intercorp Financial Services, Inc. | 4.13% | 10/19/2027 | 798510 |
| 35079 | Invepar Holdings | 0.00 %<sup>(c)(d)</sup> | 12/30/2028 |  |
| 200000 | Inversiones CMPC SA<br> (5 yr. CMT Rate + 2.83%) | 6.70 %<sup>(a)</sup> | 12/09/2057 | 201112 |
| 1390000 | JSW Hydro Energy Ltd. | 4.13% | 05/18/2031 | 1294454 |
| 400000 | JSW Infrastructure Ltd. | 4.95% | 01/21/2029 | 401200 |
| 841203 | Lima Metro Line 2 Finance Ltd. | 4.35% | 04/05/2036 | 823126 |
| 400000 | MARB BondCo PLC | 3.95% | 01/29/2031 | 362949 |
| 245000 | Mattamy Group Corp. | 4.63 %<sup>(a)</sup> | 03/01/2030 | 238755 |
| 200000 | Medco Laurel Tree Pte Ltd. | 6.95% | 11/12/2028 | 201627 |
| 335000 | Merlin Entertainments Group US Holdings, Inc. | 7.38 %<sup>(a)</sup> | 02/15/2031 | 298690 |
| 600000 | Mexarrend SAPI de CV | 10.25 %<sup>(a)(c)</sup> | 07/24/2026 | 7500 |
| 571582 | Mexico Generadora de Energia S de RL | 5.50% | 12/06/2032 | 581320 |
| 180000 | Millicom International Cellular SA | 5.13% | 01/15/2028 | 179781 |
| 1170000 | Millicom International Cellular SA | 6.25% | 03/25/2029 | 1181551 |
| 879582 | Minejesa Capital BV | 4.63% | 08/10/2030 | 877038 |
| 250000 | Minerva Luxembourg SA | 5.88% | 01/19/2028 | 249848 |
| 400000 | Minerva Luxembourg SA | 8.88% | 09/13/2033 | 437565 |
| 700000 | Minsur SA | 4.50% | 10/28/2031 | 670911 |
| 579381 | Mong Duong Finance Holdings BV | 5.13% | 05/07/2029 | 573509 |
| 200000 | Movida Europe SA | 7.85 %<sup>(a)</sup> | 04/11/2029 | 189180 |
| 1041045 | MV24 Capital BV | 6.75% | 06/01/2034 | 1034049 |
| 500000 | NBM US Holdings, Inc. | 6.63% | 08/06/2029 | 506482 |
| 300000 | Nexa Resources SA | 6.50% | 01/18/2028 | 307569 |
| 250000 | Nissan Motor Co. Ltd. | 4.35 %<sup>(a)</sup> | 09/17/2027 | 246794 |
| 235000 | Ontario Gaming GTA LP/OTG Co.-Issuer, Inc. | 8.00 %<sup>(a)</sup> | 08/01/2030 | 223003 |
| 310000 | Opal Bidco SAS | 6.50 %<sup>(a)</sup> | 03/31/2032 | 317725 |
| 500000 | Orbia Advance Corp. SAB de CV | 6.75% | 09/19/2042 | 435712 |
| 1400000 | Oversea-Chinese Banking Corp. Ltd.<br> (5 yr. CMT Rate + 1.58%) | 4.60% | 06/15/2032 | 1405915 |
| 200000 | Periama Holdings | 5.95% | 04/19/2026 | 200609 |
| 750100 | Peru LNG Srl | 5.38% | 03/22/2030 | 726981 |
| 1176693 | Prumo Participacoes e Investimentos S/A | 7.50% | 12/31/2031 | 1208105 |
| 900000 | Raizen Fuels Finance SA | 5.70% | 01/17/2035 | 689234 |
| 500000 | Reliance Industries Ltd. | 3.67% | 11/30/2027 | 496071 |
| 1173333 | Rutas 2 & 7 Finance Ltd. | 0.00% | 09/30/2036 | 892554 |
| 200000 | Saavi Energia Sarl | 8.88 %<sup>(a)</sup> | 02/10/2035 | 217160 |
| 200000 | Scotiabank Peru SAA<br> (1 yr. CMT Rate + 2.31%) | 6.10 %<sup>(a)</sup> | 10/01/2035 | 207300 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 320000 | Seaspan Corp. | 5.50 %<sup>(a)</sup> | 08/01/2029 | 304174 |
| 600000 | Simpar Europe SA | 5.20% | 01/26/2031 | 483750 |
| 95000 | Telefonica Celular del Paraguay SA | 5.88% | 04/15/2027 | 94832 |
| 200000 | Termocandelaria Power SA | 7.75 %<sup>(a)</sup> | 09/17/2031 | 207061 |
| 759077 | Tierra Mojada Luxembourg II Sarl | 5.75% | 12/01/2040 | 747129 |
| 200000 | TK Elevator US Newco, Inc. | 5.25 %<sup>(a)</sup> | 07/15/2027 | 200170 |
| 180000 | Trivium Packaging Finance BV | 8.25 %<sup>(a)</sup> | 07/15/2030 | 193095 |
| 200000 | Ultrapar International SA | 5.25% | 10/06/2026 | 200210 |
| 62116 | Unigel Luxembourg SA<br> (13.50% Cash or 15.00% PIK) | 13.50 %<sup>(c)</sup> | 12/31/2027 | 35717 |
| 44227 | Unigel Luxembourg SA<br> (13.50% Cash or 15.00% PIK) | 13.50 %<sup>(a)(c)</sup> | 12/31/2027 | 25431 |
| 51684 | Unigel Luxembourg SA<br> (11.00% Cash or 12.00% PIK) | 11.00 %<sup>(a)(c)</sup> | 12/31/2028 | 3618 |
| 222252 | Unigel Luxembourg SA<br> (11.00% Cash or 12.00% PIK) | 11.00 %<sup>(c)</sup> | 12/31/2028 | 15558 |
| 262805 | Unigel Netherlands Holding Corp. BV<br> (15.00% Cash or 15.00% PIK) | 15.00 %<sup>(c)</sup> | 12/31/2044 | 8541 |
| 1000000 | United Overseas Bank Ltd.<br> (5 yr. CMT Rate + 1.52%) | 1.75% | 03/16/2031 | 995005 |
| 900000 | United Overseas Bank Ltd.<br> (5 yr. CMT Rate + 1.23%) | 2.00% | 10/14/2031 | 883897 |
| 500000 | Vamos Europe SA | 9.20 %<sup>(a)</sup> | 01/26/2031 | 478000 |
| 150000 | Vista Energy Argentina SAU | 8.50 %<sup>(a)</sup> | 06/10/2033 | 154313 |
| 300000 | Volcan Cia Minera SAA | 8.50 %<sup>(a)</sup> | 10/28/2032 | 309189 |
| 200000 | Wipro IT Services LLC | 1.50% | 06/23/2026 | 197432 |
| 300000 | Yinson Bergenia Production BV | 8.50 %<sup>(a)</sup> | 01/31/2045 | 314887 |
|  | **Total Foreign Corporate Bonds (Cost $59,962,938)** | **Total Foreign Corporate Bonds (Cost $59,962,938)** |  | **60057253** |
| **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.6%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.6%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.6%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.6%** |  |
| 400000 | Bank Negara Indonesia Persero Tbk PT | 3.75% | 03/30/2026 | 397995 |
| 1218323 | Bioceanico Sovereign Certificate Ltd. | 0.00% | 06/05/2034 | 999329 |
| 1200000 | BPRL International Singapore Pte Ltd. | 4.38% | 01/18/2027 | 1200859 |
| 600000 | Brazilian Government International Bond | 4.75% | 01/14/2050 | 438300 |
| 291261 | Chile Electricity Lux Mpc II Sarl | 5.67% | 10/20/2035 | 303273 |
| 388348 | Chile Electricity Lux Mpc II Sarl | 5.67 %<sup>(a)</sup> | 10/20/2035 | 404364 |
| 447500 | Chile Electricity Lux MPC Sarl | 6.01% | 01/20/2033 | 470730 |
| 1400000 | Colombia Government International Bond | 4.13% | 05/15/2051 | 870100 |
| 400000 | Comision Federal de Electricidad | 4.69% | 05/15/2029 | 396496 |
| 200000 | Comision Federal de Electricidad | 6.45 %<sup>(a)</sup> | 01/24/2035 | 206110 |
| 950000 | Corp. Nacional del Cobre de Chile | 3.00% | 09/30/2029 | 902293 |
| 1350000 | Dominican Republic International Bond | 5.50% | 02/22/2029 | 1369710 |
| 200000 | Dominican Republic International Bond | 4.50% | 01/30/2030 | 195800 |
| 1500000 | Ecopetrol SA | 5.88% | 11/02/2051 | 1083173 |
| 693355 | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple | 7.25 %<sup>(a)</sup> | 01/31/2041 | 729950 |
| 400000 | Guatemala Government Bond | 4.38% | 06/05/2027 | 398000 |
| 200000 | Guatemala Government Bond | 4.88% | 02/13/2028 | 201433 |
| 400000 | Guatemala Government Bond | 5.25% | 08/10/2029 | 405900 |
| 300000 | Guatemala Government Bond | 5.38% | 04/24/2032 | 303900 |
| 533687 | Lima Metro Line 2 Finance Ltd. | 5.88% | 07/05/2034 | 555627 |
| 500000 | Mexico City Airport Trust | 3.88% | 04/30/2028 | 489347 |
| 650000 | Mexico Government International Bond | 4.50% | 04/22/2029 | 653575 |
| 1400000 | Mexico Government International Bond | 6.34% | 05/04/2053 | 1338050 |
| 200000 | MISC Capital Two Labuan Ltd. | 3.75% | 04/06/2027 | 198793 |
| 500000 | Morocco Government International Bond | 2.38% | 12/15/2027 | 480242 |
| 200000 | Morocco Government International Bond | 5.95% | 03/08/2028 | 206033 |
| 400000 | Morocco Government International Bond | 3.00% | 12/15/2032 | 352565 |
| 200000 | Morocco Government International Bond | 4.00% | 12/15/2050 | 146435 |
| 1000000 | OCP SA | 6.75% | 05/02/2034 | 1078159 |
| 1200000 | ONGC Videsh Vankorneft Pte Ltd. | 3.75% | 07/27/2026 | 1196464 |
| 543000 | Paraguay Government International Bond | 4.70% | 03/27/2027 | 547616 |
| 1200000 | Pertamina Persero PT | 1.40% | 02/09/2026 | 1195565 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
| 1400000 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | 4.13% |  | 05/15/2027 | 1397750 |
| 600000 | Petrobras Global Finance BV | 5.13% |  | 09/10/2030 | 588708 |
| 500000 | Petroleos Mexicanos | 6.75% |  | 09/21/2047 | 411434 |
|  | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $22,721,912)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $22,721,912)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $22,721,912)** |  | **22114078** |
| **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 11.8%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 11.8%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 11.8%** |  |  |  |
|  | 1345 Trust |  |  |  |  |
| 1050000 | &nbsp;&nbsp;&nbsp;Series 2025-AOA-A (1 mo. Term SOFR + 1.60%, 1.60% Floor) | 5.35 %<sup>(a)</sup> |  | 06/15/2042 | 1054844 |
|  | Arbor Multifamily Mortgage Securities Trust |  |  |  |  |
| 10194000 | &nbsp;&nbsp;&nbsp;Series 2021-MF3-XD | 1.18 %<sup>(a)(f)(g)</sup> |  | 10/15/2054 | 596412 |
|  | Arbor Realty Trust, Inc. |  |  |  |  |
| 14831269 | &nbsp;&nbsp;&nbsp;Series 2020-MF1-XA | 0.92 %<sup>(a)(f)(g)</sup> |  | 05/15/2053 | 476816 |
|  | ARDN Mortgage Trust |  |  |  |  |
| 1060000 | &nbsp;&nbsp;&nbsp;Series 2025-ARCP-E (1 mo. Term SOFR + 4.50%, 4.50% Floor) | 8.25 %<sup>(a)</sup> |  | 06/15/2035 | 1064305 |
|  | AREIT Trust |  |  |  |  |
| 1690000 | &nbsp;&nbsp;&nbsp;Series 2025-CRE10-D (1 mo. Term SOFR + 2.79%, 2.79% Floor) | 6.75 %<sup>(a)</sup> |  | 01/17/2030 | 1680472 |
| 2160000 | &nbsp;&nbsp;&nbsp;Series 2025-CRE11-C (1 mo. Term SOFR + 2.25%, 2.25% Floor) | 6.25 %<sup>(a)</sup> |  | 07/25/2043 | 2165387 |
|  | BANK |  |  |  |  |
| 8525309 | &nbsp;&nbsp;&nbsp;Series 2017-BNK5-XA | 0.94 %<sup>(f)(g)</sup> |  | 06/15/2060 | 93989 |
| 56773172 | &nbsp;&nbsp;&nbsp;Series 2018-BN11-XA | 0.44 %<sup>(f)(g)</sup> |  | 03/15/2061 | 513093 |
|  | BANK5 Trust |  |  |  |  |
| 2034000 | &nbsp;&nbsp;&nbsp;Series 2024-5YR10-C | 5.74 %<sup>(f)</sup> |  | 10/15/2057 | 2023971 |
| 518000 | &nbsp;&nbsp;&nbsp;Series 2025-5YR15-C | 5.81 %<sup>(f)</sup> |  | 07/15/2058 | 521091 |
| 760000 | &nbsp;&nbsp;&nbsp;Series 2025-5YR15-D | 4.00 %<sup>(a)</sup> |  | 07/15/2058 | 669327 |
| 12992833 | &nbsp;&nbsp;&nbsp;Series 2025-5YR15-XA | 1.22 %<sup>(f)(g)</sup> |  | 07/15/2058 | 634012 |
| 25164625 | &nbsp;&nbsp;&nbsp;Series 2025-5YR16-XA | 1.07 %<sup>(f)(g)</sup> |  | 08/15/2063 | 1116215 |
| 288000 | &nbsp;&nbsp;&nbsp;Series 2025-5YR17-C | 5.89 %<sup>(f)</sup> |  | 11/15/2058 | 288938 |
| 45906749 | &nbsp;&nbsp;&nbsp;Series 2025-5YR17-XA | 1.19 %<sup>(f)(g)</sup> |  | 11/15/2058 | 2258034 |
| 2631000 | &nbsp;&nbsp;&nbsp;Series 2025-5YR19-C | 5.72 %<sup>(f)</sup> |  | 12/15/2058 | 2649622 |
|  | BBCMS Trust |  |  |  |  |
| 1675000 | &nbsp;&nbsp;&nbsp;Series 2019-BWAY-E (1 mo. Term SOFR + 2.96%, 2.85% Floor) | 6.71 %<sup>(a)</sup> |  | 11/15/2034 | 10871 |
| 809000 | &nbsp;&nbsp;&nbsp;Series 2023-C19-B | 6.35 %<sup>(f)</sup> |  | 04/15/2056 | 828175 |
| 1104000 | &nbsp;&nbsp;&nbsp;Series 2024-5C29-C | 5.51% |  | 09/15/2057 | 1098561 |
| 2688000 | &nbsp;&nbsp;&nbsp;Series 2025-5C34-C | 6.81 %<sup>(f)</sup> |  | 05/15/2058 | 2820866 |
| 21359418 | &nbsp;&nbsp;&nbsp;Series 2025-5C36-XA | 1.07 %<sup>(f)(g)</sup> |  | 08/15/2058 | 929615 |
| 25806747 | &nbsp;&nbsp;&nbsp;Series 2025-5C37-XA | 1.66 %<sup>(f)(g)</sup> |  | 09/15/2058 | 1718822 |
| 2610000 | &nbsp;&nbsp;&nbsp;Series 2025-5C38-B | 5.72 %<sup>(f)</sup> |  | 11/15/2058 | 2687302 |
| 13773000 | &nbsp;&nbsp;&nbsp;Series 2025-C32-XD | 2.31 %<sup>(a)(f)(g)</sup> |  | 02/15/2062 | 2256205 |
|  | BDS Ltd. |  |  |  |  |
| 540109 | &nbsp;&nbsp;&nbsp;Series 2021-FL10-A (1 mo. Term SOFR + 1.46%, 1.46% Floor) | 5.20 %<sup>(a)</sup> |  | 12/16/2036 | 541516 |
| 1600000 | &nbsp;&nbsp;&nbsp;Series 2022-FL11-B (1 mo. Term SOFR + 2.35%, 2.35% Floor) | 6.08 %<sup>(a)</sup> |  | 03/19/2039 | 1610394 |
| 1650000 | &nbsp;&nbsp;&nbsp;Series 2024-FL13-B (1 mo. Term SOFR + 2.24%, 2.24% Floor) | 5.97 %<sup>(a)</sup> |  | 09/19/2039 | 1653546 |
| 2250000 | &nbsp;&nbsp;&nbsp;Series 2025-FL15-D (1 mo. Term SOFR + 2.40%, 2.40% Floor) | 6.13 %<sup>(a)</sup> |  | 03/19/2043 | 2259711 |
| 3040000 | &nbsp;&nbsp;&nbsp;Series 2025-FL16-C (1 mo. Term SOFR + 2.10%, 2.10% Floor) | 6.10 %<sup>(a)</sup> |  | 07/19/2043 | 3048220 |
|  | Benchmark Mortgage Trust |  |  |  |  |
| 51769 | &nbsp;&nbsp;&nbsp;Series 2020-B19-A2 | 1.69% |  | 09/15/2053 | 51649 |
| 5656186 | &nbsp;&nbsp;&nbsp;Series 2020-B22-XA | 1.49 %<sup>(f)(g)</sup> |  | 01/15/2054 | 338269 |
| 56133441 | &nbsp;&nbsp;&nbsp;Series 2022-B32-XA | 0.45 %<sup>(a)(f)(g)</sup> |  | 01/15/2055 | 721921 |
| 1627000 | &nbsp;&nbsp;&nbsp;Series 2024-V9-C | 6.45 %<sup>(f)</sup> |  | 08/15/2057 | 1671578 |
| 220000 | &nbsp;&nbsp;&nbsp;Series 2025-V15-C | 6.27% |  | 06/15/2058 | 223850 |
| 4662737 | &nbsp;&nbsp;&nbsp;Series 2025-V15-XA | 1.12 %<sup>(f)(g)</sup> |  | 06/15/2058 | 204799 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2025-V16-AS | 5.86 %<sup>(f)</sup> |  | 08/15/2058 | 1560495 |
| 2622000 | &nbsp;&nbsp;&nbsp;Series 2025-V16-C | 5.95 %<sup>(f)</sup> |  | 08/15/2058 | 2630270 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 29947401 | &nbsp;&nbsp;&nbsp;Series 2025-V16-XA | 0.96 %<sup>(f)(g)</sup> | 08/15/2058 | 1161525 |
| 23890000 | &nbsp;&nbsp;&nbsp;Series 2025-V17-XA | 1.51 %<sup>(f)(g)</sup> | 09/15/2058 | 1472854 |
| 319000 | &nbsp;&nbsp;&nbsp;Series 2025-V19-C | 5.75 %<sup>(f)</sup> | 01/15/2058 | 320567 |
|  | Blackstone Mortgage Trust, Inc. |  |  |  |
| 908491 | &nbsp;&nbsp;&nbsp;Series 2021-FL4-A (1 mo. Term SOFR + 1.16%, 1.05% Floor) | 4.90 %<sup>(a)</sup> | 05/15/2038 | 907494 |
|  | BLP Commercial Mortgage Trust |  |  |  |
| 642492 | &nbsp;&nbsp;&nbsp;Series 2024-IND2-D (1 mo. Term SOFR + 2.59%, 2.59% Floor) | 6.34 %<sup>(a)</sup> | 03/15/2041 | 643674 |
|  | BMO Mortgage Trust |  |  |  |
| 1700000 | &nbsp;&nbsp;&nbsp;Series 2024-5C6-C | 5.88 %<sup>(f)</sup> | 09/15/2057 | 1708737 |
| 3457000 | &nbsp;&nbsp;&nbsp;Series 2024-C10-XD | 1.60 %<sup>(a)(f)(g)</sup> | 11/15/2057 | 393493 |
| 1125000 | &nbsp;&nbsp;&nbsp;Series 2025-5C10-C | 6.49 %<sup>(f)</sup> | 05/15/2058 | 1154674 |
| 268000 | &nbsp;&nbsp;&nbsp;Series 2025-5C13-C | 5.88 %<sup>(f)</sup> | 12/15/2058 | 268415 |
| 52217000 | &nbsp;&nbsp;&nbsp;Series 2025-5C13-XA | 1.20 %<sup>(f)(g)</sup> | 12/15/2058 | 2669850 |
|  | Bombardier Capital Mortgage Securitization Corp. |  |  |  |
| 2627000 | &nbsp;&nbsp;&nbsp;Series 2025-5C7-C | 5.80 %<sup>(f)</sup> | 12/15/2058 | 2627526 |
|  | BPR Trust |  |  |  |
| 1300000 | &nbsp;&nbsp;&nbsp;Series 2021-TY-D (1 mo. Term SOFR + 2.46%, 2.35% Floor) | 6.22 %<sup>(a)</sup> | 09/15/2038 | 1298995 |
|  | BSPRT Co.-Issuer LLC |  |  |  |
| 967121 | &nbsp;&nbsp;&nbsp;Series 2023-FL10-A (1 mo. Term SOFR + 2.26%, 2.26% Floor) | 6.01 %<sup>(a)</sup> | 09/15/2035 | 970007 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2023-FL10-B (1 mo. Term SOFR + 3.27%, 3.27% Floor) | 7.02 %<sup>(a)</sup> | 09/15/2035 | 1505286 |
| 785000 | &nbsp;&nbsp;&nbsp;Series 2024-FL11-B (1 mo. Term SOFR + 2.29%, 2.29% Floor) | 6.04 %<sup>(a)</sup> | 07/15/2039 | 785053 |
|  | BX Trust |  |  |  |
| 900000 | &nbsp;&nbsp;&nbsp;Series 2019-IMC-D (1 mo. Term SOFR + 1.95%, 1.90% Floor) | 5.70 %<sup>(a)</sup> | 04/15/2034 | 888434 |
| 654539 | &nbsp;&nbsp;&nbsp;Series 2021-21M-A (1 mo. Term SOFR + 0.84%, 0.73% Floor) | 4.59 %<sup>(a)</sup> | 10/15/2036 | 654263 |
| 904275 | &nbsp;&nbsp;&nbsp;Series 2021-CIP-B (1 mo. Term SOFR + 1.39%, 1.27% Floor) | 5.14 %<sup>(a)</sup> | 12/15/2038 | 903690 |
| 1320000 | &nbsp;&nbsp;&nbsp;Series 2021-LBA-DJV (1 mo. Term SOFR + 1.71%, 1.60% Floor) | 5.47 %<sup>(a)</sup> | 02/15/2036 | 1319767 |
| 859700 | &nbsp;&nbsp;&nbsp;Series 2021-RISE-B (1 mo. Term SOFR + 1.36%, 1.25% Floor) | 5.11 %<sup>(a)</sup> | 11/15/2036 | 859446 |
| 510000 | &nbsp;&nbsp;&nbsp;Series 2021-VIEW-B (1 mo. Term SOFR + 1.91%, 1.80% Floor) | 5.66 %<sup>(a)</sup> | 06/15/2036 | 509798 |
| 748956 | &nbsp;&nbsp;&nbsp;Series 2024-AIRC-C (1 mo. Term SOFR + 2.59%, 2.59% Floor) | 6.34 %<sup>(a)</sup> | 08/15/2041 | 755951 |
| 1567442 | &nbsp;&nbsp;&nbsp;Series 2025-ARIA-C | 5.52 %<sup>(a)(f)</sup> | 12/13/2042 | 1580984 |
| 1082862 | &nbsp;&nbsp;&nbsp;Series 2025-BCAT-D (1 mo. Term SOFR + 2.65%, 2.65% Floor) | 6.40 %<sup>(a)</sup> | 08/15/2042 | 1088296 |
| 1494173 | &nbsp;&nbsp;&nbsp;Series 2025-ROIC-E (1 mo. Term SOFR + 2.94%, 2.94% Floor) | 6.69 %<sup>(a)</sup> | 03/15/2030 | 1489714 |
|  | Century Plaza Towers |  |  |  |
| 1190000 | &nbsp;&nbsp;&nbsp;Series 2019-CPT-E | 3.00 %<sup>(a)(f)</sup> | 11/13/2039 | 997056 |
|  | CFCRE Commercial Mortgage Trust |  |  |  |
| 1383160 | &nbsp;&nbsp;&nbsp;Series 2016-C4-XA | 1.44 %<sup>(f)(g)</sup> | 05/10/2058 | 1027 |
|  | CHI Commercial Mortgage Trust |  |  |  |
| 660000 | &nbsp;&nbsp;&nbsp;Series 2025-SFT-C | 6.60 %<sup>(a)(f)</sup> | 04/15/2042 | 684876 |
|  | Citigroup Commercial Mortgage Trust |  |  |  |
| 4847479 | &nbsp;&nbsp;&nbsp;Series 2016-C1-XA | 1.80 %<sup>(f)(g)</sup> | 05/10/2049 | 3030 |
| 2131538 | &nbsp;&nbsp;&nbsp;Series 2016-P4-XA | 1.88 %<sup>(f)(g)</sup> | 07/10/2049 | 3670 |
|  | Citigroup/Deutsche Bank Commercial Mortgage Trust |  |  |  |
| 7732664 | &nbsp;&nbsp;&nbsp;Series 2017-CD3-XA | 0.97 %<sup>(f)(g)</sup> | 02/10/2050 | 58160 |
| 84379 | &nbsp;&nbsp;&nbsp;Series 2020-C9-A2 | 1.90% | 08/15/2053 | 84232 |
|  | Commercial Mortgage Pass Through Certificates |  |  |  |
| 1227000 | &nbsp;&nbsp;&nbsp;Series 2015-DC1-C | 4.29 %<sup>(f)</sup> | 02/10/2048 | 1089908 |
| 156234 | &nbsp;&nbsp;&nbsp;Series 2015-DC1-XA | 0.57 %<sup>(f)(g)</sup> | 02/10/2048 | 1 |
| 581946 | &nbsp;&nbsp;&nbsp;Series 2016-DC2-XA | 0.77 %<sup>(f)(g)</sup> | 02/10/2049 | 6 |
| 2228000 | &nbsp;&nbsp;&nbsp;Series 2018-HCLV-D (1 mo. Term SOFR + 2.47%, 2.18% Floor) | 6.22 %<sup>(a)</sup> | 09/15/2033 | 708944 |
|  | Computershare Corporate Trust |  |  |  |
| 60636 | &nbsp;&nbsp;&nbsp;Series 2015-C27-C | 3.89% | 02/15/2048 | 53747 |
| 350248 | &nbsp;&nbsp;&nbsp;Series 2015-NXS2-XA | 0.00 %<sup>(f)(g)</sup> | 07/15/2058 | 3 |
| 790514 | &nbsp;&nbsp;&nbsp;Series 2016-C33-XA | 1.45 %<sup>(f)(g)</sup> | 03/15/2059 | 8 |
| 3375001 | &nbsp;&nbsp;&nbsp;Series 2016-NXS6-XA | 1.54 %<sup>(f)(g)</sup> | 11/15/2049 | 8638 |
| 12697632 | &nbsp;&nbsp;&nbsp;Series 2017-C38-XA | 0.90 %<sup>(f)(g)</sup> | 07/15/2050 | 135368 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 1791910 | &nbsp;&nbsp;&nbsp;Series 2017-RC1-XA | 1.37 %<sup>(f)(g)</sup> | 01/15/2060 | 18785 |
| 37912959 | &nbsp;&nbsp;&nbsp;Series 2025-5C5-XA | 1.31 %<sup>(f)(g)</sup> | 07/15/2058 | 1987958 |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 1974822 | &nbsp;&nbsp;&nbsp;Series 2014-USA-X1 | 0.54 %<sup>(a)(f)(g)</sup> | 09/15/2037 | 16796 |
|  | CSAIL Commercial Mortgage Trust |  |  |  |
| 37819338 | &nbsp;&nbsp;&nbsp;Series 2018-CX12-XA | 0.55 %<sup>(f)(g)</sup> | 08/15/2051 | 437396 |
| 31547453 | &nbsp;&nbsp;&nbsp;Series 2021-C20-XA | 0.99 %<sup>(f)(g)</sup> | 03/15/2054 | 1193633 |
| 18269000 | &nbsp;&nbsp;&nbsp;Series 2021-C20-XD | 1.46 %<sup>(a)(f)(g)</sup> | 03/15/2054 | 1189907 |
|  | DBC Mortgage Trust |  |  |  |
| 1170000 | &nbsp;&nbsp;&nbsp;Series 2025-DBC-D (1 mo. Term SOFR + 2.60%, 2.60% Floor) | 6.35 %<sup>(a)</sup> | 11/15/2042 | 1178213 |
|  | ELP Commercial Mortgage Trust |  |  |  |
| 1300000 | &nbsp;&nbsp;&nbsp;Series 2025-ELP-E | 6.45 %<sup>(a)(f)</sup> | 11/13/2042 | 1309167 |
|  | FS RIALTO |  |  |  |
| 479025 | &nbsp;&nbsp;&nbsp;Series 2021-FL3-A (1 mo. Term SOFR + 1.36%, 1.36% Floor) | 5.10 %<sup>(a)</sup> | 11/16/2036 | 479852 |
| 2100000 | &nbsp;&nbsp;&nbsp;Series 2021-FL3-D (1 mo. Term SOFR + 2.61%, 2.61% Floor) | 6.35 %<sup>(a)</sup> | 11/16/2036 | 2107753 |
| 2050000 | &nbsp;&nbsp;&nbsp;Series 2025-FL10-D (1 mo. Term SOFR + 2.70%, 2.70% Floor) | 6.43 %<sup>(a)</sup> | 08/19/2042 | 2025353 |
|  | Granite Point Mortgage Trust, Inc. |  |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2021-FL4-B (1 mo. Term SOFR + 2.06%, 1.95% Floor) | 5.80 %<sup>(a)</sup> | 12/15/2036 | 995592 |
|  | Great Wolf Trust |  |  |  |
| 875000 | &nbsp;&nbsp;&nbsp;Series 2024-WLF2-D (1 mo. Term SOFR + 2.94%) | 6.69 %<sup>(a)</sup> | 05/15/2041 | 881119 |
| 1450000 | &nbsp;&nbsp;&nbsp;Series 2024-WOLF-A (1 mo. Term SOFR + 1.54%, 1.54% Floor) | 5.29 %<sup>(a)</sup> | 03/15/2039 | 1453834 |
|  | Greystone Commercial Real Estate Notes |  |  |  |
| 2200000 | &nbsp;&nbsp;&nbsp;Series 2021-FL3-D (1 mo. Term SOFR + 2.31%, 2.20% Floor) | 6.06 %<sup>(a)</sup> | 07/15/2039 | 2206541 |
|  | GS Mortgage Securities Corp. II |  |  |  |
| 2200000 | &nbsp;&nbsp;&nbsp;Series 2013-GC13-B | 3.86 %<sup>(a)(f)</sup> | 07/10/2046 | 2141214 |
| 457282 | &nbsp;&nbsp;&nbsp;Series 2014-GC24-XA | 0.29 %<sup>(f)(g)</sup> | 09/10/2047 | 5 |
| 3559879 | &nbsp;&nbsp;&nbsp;Series 2016-GS2-XA | 1.64 %<sup>(f)(g)</sup> | 05/10/2049 | 36 |
| 442000 | &nbsp;&nbsp;&nbsp;Series 2018-GS10-WLSD | 4.90 %<sup>(a)(f)</sup> | 03/10/2033 | 41600 |
| 553000 | &nbsp;&nbsp;&nbsp;Series 2018-GS10-WLSE | 4.90 %<sup>(a)(f)</sup> | 03/10/2033 | 47693 |
| 1509000 | &nbsp;&nbsp;&nbsp;Series 2018-RIVR-E (1 mo. Term SOFR + 1.85%, 1.80% Floor) | 5.60 %<sup>(a)</sup> | 07/15/2035 | 4904 |
| 850000 | &nbsp;&nbsp;&nbsp;Series 2018-TWR-E (1 mo. Term SOFR + 2.40%, 2.10% Floor) | 6.15 %<sup>(a)</sup> | 07/15/2031 | 88813 |
| 850000 | &nbsp;&nbsp;&nbsp;Series 2018-TWR-F (1 mo. Term SOFR + 3.10%, 2.80% Floor) | 6.85 %<sup>(a)</sup> | 07/15/2031 | 79888 |
| 850000 | &nbsp;&nbsp;&nbsp;Series 2018-TWR-G (1 mo. Term SOFR + 4.22%, 3.93% Floor) | 7.97 %<sup>(a)</sup> | 07/15/2031 | 70963 |
|  | GSCG Trust |  |  |  |
| 2377000 | &nbsp;&nbsp;&nbsp;Series 2019-600C-E | 3.99 %<sup>(a)(f)</sup> | 09/06/2034 | 99909 |
|  | HGI CRE CLO Ltd. |  |  |  |
| 1268520 | &nbsp;&nbsp;&nbsp;Series 2021-FL2-D (1 mo. Term SOFR + 2.26%, 2.26% Floor) | 6.00 %<sup>(a)</sup> | 09/17/2036 | 1271963 |
|  | Hilton USA Trust |  |  |  |
| 760000 | &nbsp;&nbsp;&nbsp;Series 2016-HHV-C | 4.19 %<sup>(a)(f)</sup> | 11/05/2038 | 755936 |
| 1046000 | &nbsp;&nbsp;&nbsp;Series 2016-SFP-A | 2.83 %<sup>(a)</sup> | 11/05/2035 | 906902 |
|  | Hudson Yards Mortgage Trust |  |  |  |
| 2180000 | &nbsp;&nbsp;&nbsp;Series 2025-SPRL-E | 6.68 %<sup>(a)(f)</sup> | 01/13/2040 | 2265693 |
|  | JP Morgan Chase Commercial Mortgage Securities |  |  |  |
| 4623771 | &nbsp;&nbsp;&nbsp;Series 2016-JP4-XA | 0.56 %<sup>(f)(g)</sup> | 12/15/2049 | 12329 |
| 1049000 | &nbsp;&nbsp;&nbsp;Series 2019-UES-G | 4.45 %<sup>(a)(f)</sup> | 05/05/2032 | 976492 |
|  | JPMBB Commercial Mortgage Securities Trust |  |  |  |
| 808001 | &nbsp;&nbsp;&nbsp;Series 2015-C30-AS | 4.23 %<sup>(f)</sup> | 07/15/2048 | 792296 |
| 153298 | &nbsp;&nbsp;&nbsp;Series 2015-C31-XA | 0.44 %<sup>(f)(g)</sup> | 08/15/2048 | 1 |
| 470000 | &nbsp;&nbsp;&nbsp;Series 2015-C33-C | 4.79 %<sup>(f)</sup> | 12/15/2048 | 450031 |
|  | KREF |  |  |  |
| 663723 | &nbsp;&nbsp;&nbsp;Series 2021-FL2-A (1 mo. Term SOFR + 1.18%, 1.07% Floor) | 4.92 %<sup>(a)</sup> | 02/15/2039 | 665104 |
| 3197500 | &nbsp;&nbsp;&nbsp;Series 2021-FL2-B (1 mo. Term SOFR + 1.76%, 1.65% Floor) | 5.50 %<sup>(a)</sup> | 02/15/2039 | 3191879 |
| 816198 | &nbsp;&nbsp;&nbsp;Series 2022-FL3-A (1 mo. Term SOFR + 1.45%, 1.45% Floor) | 5.18 %<sup>(a)</sup> | 02/17/2039 | 817246 |
|  | Ladder Capital Commercial Mortgage Securities LLC |  |  |  |
| 2532000 | &nbsp;&nbsp;&nbsp;Series 2017-LC26-C | 4.71 %<sup>(a)</sup> | 07/12/2050 | 2376182 |
|  | LoanCore |  |  |  |
| 1236500 | &nbsp;&nbsp;&nbsp;Series 2021-CRE6-AS (1 mo. Term SOFR + 1.76%, 1.65% Floor) | 5.51 %<sup>(a)</sup> | 11/15/2038 | 1238142 |
| 1440000 | &nbsp;&nbsp;&nbsp;Series 2021-CRE6-D (1 mo. Term SOFR + 2.96%, 2.85% Floor) | 6.71 %<sup>(a)</sup> | 11/15/2038 | 1443948 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 2560000 | &nbsp;&nbsp;&nbsp;Series 2022-CRE7-C (30 day avg SOFR US + 2.50%, 2.50% Floor) | 6.44 %<sup>(a)</sup> | 01/17/2037 | 2553293 |
| 1180000 | &nbsp;&nbsp;&nbsp;Series 2025-CRE8-D (1 mo. Term SOFR + 2.74%, 2.74% Floor) | 6.48 %<sup>(a)</sup> | 08/17/2042 | 1173187 |
|  | LSTAR Commercial Mortgage Trust |  |  |  |
| 10924600 | &nbsp;&nbsp;&nbsp;Series 2017-5-X | 0.87 %<sup>(a)(f)(g)</sup> | 03/10/2050 | 61859 |
|  | Lument Finance Trust, Inc. |  |  |  |
| 2800000 | &nbsp;&nbsp;&nbsp;Series 2025-FL3-C (1 mo. Term SOFR + 2.75%, 2.75% Floor) | 6.75 %<sup>(a)</sup> | 07/21/2043 | 2806980 |
|  | Madison Avenue Trust |  |  |  |
| 870000 | &nbsp;&nbsp;&nbsp;Series 2025-11MD-D | 6.36 %<sup>(a)(f)</sup> | 10/15/2042 | 882977 |
|  | Merit 2020 |  |  |  |
| 670000 | &nbsp;&nbsp;&nbsp;Series 2021-STOR-C (1 mo. Term SOFR + 1.16%, 1.05% Floor) | 4.92 %<sup>(a)</sup> | 07/15/2038 | 669086 |
|  | MF1 Multifamily Housing Mortgage Loan Trust |  |  |  |
| 1487000 | &nbsp;&nbsp;&nbsp;Series 2021-FL7-B (1 mo. Term SOFR + 1.86%, 1.75% Floor) | 5.60 %<sup>(a)</sup> | 10/16/2036 | 1488658 |
| 2950000 | &nbsp;&nbsp;&nbsp;Series 2021-FL7-C (1 mo. Term SOFR + 2.16%, 2.05% Floor) | 5.90 %<sup>(a)</sup> | 10/16/2036 | 2944873 |
| 2658000 | &nbsp;&nbsp;&nbsp;Series 2021-FL7-D (1 mo. Term SOFR + 2.66%, 2.55% Floor) | 6.40 %<sup>(a)</sup> | 10/16/2036 | 2652198 |
| 1380000 | &nbsp;&nbsp;&nbsp;Series 2024-FL14-A (1 mo. Term SOFR + 1.74%, 1.74% Floor) | 5.47 %<sup>(a)</sup> | 03/19/2039 | 1384780 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2024-FL15-B (1 mo. Term SOFR + 2.49%, 2.49% Floor) | 6.23 %<sup>(a)</sup> | 08/18/2041 | 1504944 |
| 2100000 | &nbsp;&nbsp;&nbsp;Series 2024-FL16-D (1 mo. Term SOFR + 3.59%, 3.59% Floor) | 7.32 %<sup>(a)</sup> | 11/18/2039 | 2088097 |
| 1260000 | &nbsp;&nbsp;&nbsp;Series 2025-FL17-D (1 mo. Term SOFR + 2.74%, 2.74% Floor) | 6.48 %<sup>(a)</sup> | 02/18/2040 | 1265146 |
|  | MHC Commercial Mortgage Trust |  |  |  |
| 19411 | &nbsp;&nbsp;&nbsp;Series 2021-MHC-E (1 mo. Term SOFR + 2.22%, 2.10% Floor) | 5.97 %<sup>(a)</sup> | 04/15/2038 | 19424 |
|  | Morgan Stanley Bank of America Merrill Lynch Trust |  |  |  |
| 767236 | &nbsp;&nbsp;&nbsp;Series 2012-CKSV-A2 | 3.28 %<sup>(a)</sup> | 10/15/2030 | 739224 |
| 872063 | &nbsp;&nbsp;&nbsp;Series 2013-C9-B | 3.71 %<sup>(f)</sup> | 05/15/2046 | 849796 |
| 1057265 | &nbsp;&nbsp;&nbsp;Series 2014-C17-E | 3.50 %<sup>(a)</sup> | 08/15/2047 | 1030674 |
| 9836000 | &nbsp;&nbsp;&nbsp;Series 2025-5C2-XA | 1.25 %<sup>(f)(g)</sup> | 11/15/2058 | 522518 |
|  | Morgan Stanley Capital I, Inc. |  |  |  |
| 2489000 | &nbsp;&nbsp;&nbsp;Series 2019-NUGS-F (1 mo. Term SOFR + 2.96%, 4.34% Floor) | 6.71 %<sup>(a)</sup> | 12/15/2036 | 13709 |
|  | Natixis Commercial Mortgage Securities Trust |  |  |  |
| 1310000 | &nbsp;&nbsp;&nbsp;Series 2019-10K-E | 4.13 %<sup>(a)(f)</sup> | 05/15/2039 | 1220990 |
|  | PFP III Ltd. |  |  |  |
| 1095083 | &nbsp;&nbsp;&nbsp;Series 2024-11-B (1 mo. Term SOFR + 2.49%, 2.49% Floor) | 6.27 %<sup>(a)</sup> | 09/17/2039 | 1097469 |
|  | Ready Capital Corp. |  |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2021-FL7-E (1 mo. Term SOFR + 3.51%, 3.40% Floor) | 7.25 %<sup>(a)</sup> | 11/25/2036 | 1000804 |
| 2100000 | &nbsp;&nbsp;&nbsp;Series 2023-FL11-B (1 mo. Term SOFR + 3.53%, 3.53% Floor) | 7.26 %<sup>(a)</sup> | 10/25/2039 | 2112325 |
| 897499 | &nbsp;&nbsp;&nbsp;Series 2023-FL12-AS (1 mo. Term SOFR + 3.20%, 3.20% Floor) | 6.93 %<sup>(a)</sup> | 05/25/2038 | 904244 |
|  | ROCK Trust |  |  |  |
| 516000 | &nbsp;&nbsp;&nbsp;Series 2024-CNTR-D | 7.11 %<sup>(a)</sup> | 11/13/2041 | 541607 |
|  | Starwood Property Trust, Inc. |  |  |  |
| 725156 | &nbsp;&nbsp;&nbsp;Series 2022-FL3-A (30 day avg SOFR US + 1.35%, 1.35% Floor) | 5.33 %<sup>(a)</sup> | 11/15/2038 | 726059 |
|  | STDIO Commercial Mortgage Trust |  |  |  |
| 558000 | &nbsp;&nbsp;&nbsp;Series 2025-RLGH-A | 5.54 %<sup>(a)(f)</sup> | 09/15/2038 | 560087 |
|  | TCO Commercial Mortgage Trust |  |  |  |
| 680000 | &nbsp;&nbsp;&nbsp;Series 2024-DPM-C (1 mo. Term SOFR + 1.99%, 1.99% Floor) | 5.74 %<sup>(a)</sup> | 12/15/2039 | 682028 |
|  | TPG Real Estate Finance Issuer Ltd. |  |  |  |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2022-FL5-AS (1 mo. Term SOFR + 2.15%, 2.15% Floor) | 5.89 %<sup>(a)</sup> | 02/15/2039 | 1500816 |
|  | UBS Commercial Mortgage Trust |  |  |  |
| 2325000 | &nbsp;&nbsp;&nbsp;Series 2018-C13-B | 4.79 %<sup>(f)</sup> | 10/15/2051 | 2228759 |
| 295000 | &nbsp;&nbsp;&nbsp;Series 2018-C13-C | 4.99 %<sup>(f)</sup> | 10/15/2051 | 274310 |
| 1097000 | &nbsp;&nbsp;&nbsp;Series 2018-C8-C | 4.68 %<sup>(f)</sup> | 02/15/2051 | 1024199 |
| 12360177 | &nbsp;&nbsp;&nbsp;Series 2018-C8-XA | 0.81 %<sup>(f)(g)</sup> | 02/15/2051 | 174915 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
|  | VASA Trust |  |  |  |  |
| 755000 | &nbsp;&nbsp;&nbsp;Series 2021-VASA-A (1 mo. Term SOFR + 1.01%, 0.90% Floor) | 4.77 %<sup>(a)</sup> |  | 07/15/2039 | 745596 |
|  | VEGAS Trust |  |  |  |  |
| 684000 | &nbsp;&nbsp;&nbsp;Series 2024-TI-A | 5.52 %<sup>(a)</sup> |  | 11/10/2039 | 693627 |
|  | VMC Finance LLC |  |  |  |  |
| 989390 | &nbsp;&nbsp;&nbsp;Series 2019-FL3-D (1 mo. Term SOFR + 3.26%, 3.15% Floor) | 7.01 %<sup>(a)</sup> |  | 09/15/2036 | 991218 |
|  | Wells Fargo Commercial Mortgage Trust |  |  |  |  |
| 47988270 | &nbsp;&nbsp;&nbsp;Series 2025-5C3-XA | 0.81 %<sup>(f)(g)</sup> |  | 01/15/2058 | 1442590 |
| 1790000 | &nbsp;&nbsp;&nbsp;Series 2025-VTT-C | 5.83 %<sup>(a)(f)</sup> |  | 03/15/2038 | 1799021 |
|  | WHARF Trust |  |  |  |  |
| 1070000 | &nbsp;&nbsp;&nbsp;Series 2025-DC-E | 7.72 %<sup>(a)(f)</sup> |  | 07/15/2040 | 1096957 |
|  | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $185,553,048)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $185,553,048)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $185,553,048)** |  | **161130442** |
| **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 18.2%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 18.2%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 18.2%** |  |  |  |
|  | ACE Securities Corp. |  |  |  |  |
| 2452262 | &nbsp;&nbsp;&nbsp;Series 2007-HE1-A2A (1 mo. Term SOFR + 0.29%, 0.18% Floor) | 4.03% |  | 01/25/2037 | 1501688 |
| 995357 | &nbsp;&nbsp;&nbsp;Series 2007-HE1-A2D (1 mo. Term SOFR + 0.61%, 0.50% Floor) | 4.35% |  | 01/25/2037 | 609482 |
|  | Adamas Trust, Inc. |  |  |  |  |
| 2354000 | &nbsp;&nbsp;&nbsp;Series 2025-INV2-B1 | 6.99 %<sup>(a)(f)</sup> |  | 10/25/2060 | 2368778 |
|  | AMSR Trust |  |  |  |  |
| 5122000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR3-G | 3.80 %<sup>(a)</sup> |  | 10/17/2038 | 5047088 |
| 2775000 | &nbsp;&nbsp;&nbsp;Series 2024-SFR1-D | 4.29 %<sup>(a)(h)</sup> |  | 07/17/2041 | 2700915 |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2025-SFR1-D | 3.66 %<sup>(a)</sup> |  | 06/17/2042 | 9374778 |
|  | APS Resecuritization Trust |  |  |  |  |
| 6634559 | &nbsp;&nbsp;&nbsp;Series 2015-3-1MZ (12 Month US Treasury Average + 0.96%, 0.96% Floor) | 4.12 %<sup>(a)</sup> |  | 10/27/2046 | 5908046 |
|  | Asset Backed Securities Corp. Home Equity |  |  |  |  |
| 1459875 | &nbsp;&nbsp;&nbsp;Series 2007-HE2-A4 (1 mo. Term SOFR + 0.34%, 0.23% Floor) | 4.08% |  | 05/25/2037 | 1057899 |
|  | Banco Santander SA |  |  |  |  |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-M1 | 6.04 %<sup>(a)(f)</sup> |  | 08/25/2065 | 2012446 |
|  | Bear Stearns Adjustable Rate Mortgage Trust |  |  |  |  |
| 768583 | &nbsp;&nbsp;&nbsp;Series 2006-2-2A1 | 4.33 %<sup>(f)</sup> |  | 07/25/2036 | 662379 |
|  | Bear Stearns Alt-A Trust |  |  |  |  |
| 611289 | &nbsp;&nbsp;&nbsp;Series 2006-4-22A1 | 4.22 %<sup>(f)</sup> |  | 08/25/2036 | 447902 |
|  | BRAVO Residential Funding Trust |  |  |  |  |
| 4000000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM7-M1 | 6.23 %<sup>(a)(f)</sup> |  | 07/25/2065 | 4040809 |
|  | Chase Mortgage Finance Corp. |  |  |  |  |
| 1960951 | &nbsp;&nbsp;&nbsp;Series 2007-S4-A4 (1 mo. Term SOFR + 0.71%, 0.60% Floor, 6.00% Cap) | 4.45% |  | 06/25/2037 | 582170 |
|  | Citimortgage Alternative Loan Trust |  |  |  |  |
| 484715 | &nbsp;&nbsp;&nbsp;Series 2007-A5-1A10 | 5.75% |  | 05/25/2037 | 439244 |
|  | COLT Funding LLC |  |  |  |  |
| 900000 | &nbsp;&nbsp;&nbsp;Series 2025-7-M1 | 6.03 %<sup>(a)(f)</sup> |  | 06/25/2070 | 909669 |
|  | Countrywide Alternative Loan Trust |  |  |  |  |
| 195833 | &nbsp;&nbsp;&nbsp;Series 2005-75CB-A3 | 5.50% |  | 01/25/2036 | 130200 |
| 527037 | &nbsp;&nbsp;&nbsp;Series 2006-23CB-2A2 | 6.50% |  | 08/25/2036 | 149585 |
| 3245599 | &nbsp;&nbsp;&nbsp;Series 2006-6CB-2A10 | 6.00% |  | 05/25/2036 | 1181333 |
| 1645589 | &nbsp;&nbsp;&nbsp;Series 2006-OA6-1A1A (1 mo. Term SOFR + 0.53%, 0.42% Floor) | 4.27% |  | 07/25/2046 | 1532561 |
| 270358 | &nbsp;&nbsp;&nbsp;Series 2007-15CB-A7 | 6.00% |  | 07/25/2037 | 156238 |
| 460694 | &nbsp;&nbsp;&nbsp;Series 2008-1R-2A3 | 6.00% |  | 08/25/2037 | 220473 |
|  | Countrywide Home Loan Mortgage Pass Through Trust |  |  |  |  |
| 67170 | &nbsp;&nbsp;&nbsp;Series 2005-HYB9-3A2A (12 mo. Term SOFR + 2.47%, 1.75% Floor, 11.00% Cap) | 6.22% |  | 02/20/2036 | 59923 |
| 232935 | &nbsp;&nbsp;&nbsp;Series 2007-14-A15 | 6.50% |  | 09/25/2037 | 120143 |
| 4561558 | &nbsp;&nbsp;&nbsp;Series 2007-14-A19 | 6.00% |  | 09/25/2037 | 2177592 |
| 269157 | &nbsp;&nbsp;&nbsp;Series 2007-HY1-1A1 | 4.59 %<sup>(f)</sup> |  | 04/25/2037 | 251386 |
|  | Credit Suisse First Boston Mortgage Securities Corp. |  |  |  |  |
| 355721 | &nbsp;&nbsp;&nbsp;Series 2005-10-6A9 | 5.50% |  | 11/25/2035 | 123208 |
| 153797 | &nbsp;&nbsp;&nbsp;Series 2005-9-5A9 | 5.50% |  | 10/25/2035 | 74285 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 126942 | &nbsp;&nbsp;&nbsp;Series 2011-12R-3A5 | 5.23 %<sup>(a)(f)</sup> | 07/27/2036 | 127347 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2021-NQM6-B1 | 3.29 %<sup>(a)(f)</sup> | 07/25/2066 | 1102091 |
|  | CSAB Mortgage Backed Trust |  |  |  |
| 247955 | &nbsp;&nbsp;&nbsp;Series 2006-2-A5A | 6.58 %<sup>(h)</sup> | 09/25/2036 | 69912 |
|  | DB US Financial Markets Holding Corp. |  |  |  |
| 81645 | &nbsp;&nbsp;&nbsp;Series 2014-RS1-1A2 | 6.50 %<sup>(a)(f)</sup> | 07/27/2037 | 69230 |
|  | Deutsche ALT-A Securities, Inc. |  |  |  |
| 144547 | &nbsp;&nbsp;&nbsp;Series 2006-AB4-A1A (30 day avg SOFR US) | 6.01 %<sup>(f)</sup> | 10/25/2036 | 126789 |
|  | Ellington Financial Mortgage Trust |  |  |  |
| 2829000 | &nbsp;&nbsp;&nbsp;Series 2025-INV3-B1 | 7.48 %<sup>(a)(f)</sup> | 07/25/2070 | 2881504 |
| 1800000 | &nbsp;&nbsp;&nbsp;Series 2025-INV5-B1 | 6.79 %<sup>(a)(f)</sup> | 12/01/2070 | 1803218 |
| 1405000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM3-M1A | 6.05 %<sup>(a)(f)</sup> | 08/25/2070 | 1418619 |
|  | Fannie Mae Connecticut Avenue Securities |  |  |  |
| 6200000 | &nbsp;&nbsp;&nbsp;Series 2024-R01-1M2 (30 day avg SOFR US + 1.80%, 0.00% Floor) | 5.67 %<sup>(a)</sup> | 01/25/2044 | 6244796 |
| 10000000 | &nbsp;&nbsp;&nbsp;Series 2024-R05-2M2 (30 day avg SOFR US + 1.70%, 0.00% Floor) | 5.57 %<sup>(a)</sup> | 07/25/2044 | 10044424 |
| 7500000 | &nbsp;&nbsp;&nbsp;Series 2025-R04-1M2 (30 day avg SOFR US + 1.50%, 0.00% Floor) | 5.37 %<sup>(a)</sup> | 05/25/2045 | 7514666 |
|  | FirstKey Homes Trust |  |  |  |
| 6452000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR1-F1 | 3.24 %<sup>(a)</sup> | 08/17/2038 | 6368247 |
|  | Freddie Mac Structured Agency Credit Risk Debt Notes |  |  |  |
| 4300000 | &nbsp;&nbsp;&nbsp;Series 2024-DNA1-M2 (30 day avg SOFR US + 1.95%, 0.00% Floor) | 5.82 %<sup>(a)</sup> | 02/25/2044 | 4346593 |
|  | Freedom Mortgage Parent LLC |  |  |  |
| 8000000 | &nbsp;&nbsp;&nbsp;Series 2021-GT1-A | 3.62 %<sup>(a)(f)</sup> | 07/25/2026 | 7733898 |
|  | GCAT |  |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2019-NQM3-B1 | 3.95 %<sup>(a)(f)</sup> | 11/25/2059 | 449898 |
| 3502000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM3-B1 | 7.13 %<sup>(a)(f)</sup> | 05/25/2070 | 3536414 |
|  | GS Mortgage-Backed Securities Trust |  |  |  |
| 4410000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM4-M1 | 5.97 %<sup>(a)(f)</sup> | 10/25/2065 | 4430496 |
|  | Home Partners of America Trust |  |  |  |
| 6410959 | &nbsp;&nbsp;&nbsp;Series 2019-2-F | 3.87 %<sup>(a)</sup> | 10/19/2039 | 6235255 |
|  | Impac Secured Assets CMN Owner Trust |  |  |  |
| 585769 | &nbsp;&nbsp;&nbsp;Series 2006-5-1A1C (1 mo. Term SOFR + 0.65%, 0.54% Floor, 11.50% Cap) | 4.39% | 02/25/2037 | 540697 |
|  | JP Morgan Mortgage Trust |  |  |  |
| 400293 | &nbsp;&nbsp;&nbsp;Series 2005-S3-1A2 | 5.75% | 01/25/2036 | 175076 |
| 257178 | &nbsp;&nbsp;&nbsp;Series 2007-A2-4A1M | 4.73 %<sup>(f)</sup> | 04/25/2037 | 211059 |
| 1300000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM3-M1A | 5.97 %<sup>(a)(f)</sup> | 11/25/2065 | 1314681 |
|  | Legacy Mortgage Asset Trust |  |  |  |
| 3796190 | &nbsp;&nbsp;&nbsp;Series 2021-GS1-A2 | 7.84 %<sup>(a)(h)</sup> | 10/25/2066 | 3799435 |
|  | Lehman Mortgage Trust |  |  |  |
| 103411 | &nbsp;&nbsp;&nbsp;Series 2006-1-1A3 | 5.50% | 02/25/2036 | 48013 |
|  | Mastr Adjustable Rate Mortgages Trust |  |  |  |
| 67831 | &nbsp;&nbsp;&nbsp;Series 2006-2-2A1 | 6.63 %<sup>(f)</sup> | 04/25/2036 | 30772 |
|  | Merrill Lynch Alternative Note Asset |  |  |  |
| 257782 | &nbsp;&nbsp;&nbsp;Series 2007-F1-2A7 | 6.00% | 03/25/2037 | 80746 |
|  | Merrill Lynch Mortgage Investors, Inc. |  |  |  |
| 529966 | &nbsp;&nbsp;&nbsp;Series 2006-AF1-AF2C | 6.25% | 08/25/2036 | 193642 |
|  | Morgan Stanley Mortgage Loan Trust |  |  |  |
| 3930837 | &nbsp;&nbsp;&nbsp;Series 2005-7-3A1 | 4.56 %<sup>(f)</sup> | 11/25/2035 | 2023131 |
| 66970 | &nbsp;&nbsp;&nbsp;Series 2005-7-4A1 | 5.50% | 11/25/2035 | 38730 |
| 268059 | &nbsp;&nbsp;&nbsp;Series 2006-2-7A1 | 5.44 %<sup>(f)</sup> | 02/25/2036 | 145139 |
| 399881 | &nbsp;&nbsp;&nbsp;Series 2007-8XS-A1 | 5.75 %<sup>(f)</sup> | 04/25/2037 | 192177 |
|  | Morgan Stanley Resecuritization Trust |  |  |  |
| 6305605 | &nbsp;&nbsp;&nbsp;Series 2013-R7-8B (12 Month US Treasury Average + 0.96%, 0.96% Floor) | 5.04 %<sup>(a)</sup> | 12/26/2046 | 6086164 |
|  | Morgan Stanley Residential Mortgage Loan Trust |  |  |  |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-B1 | 7.00 %<sup>(a)(f)</sup> | 07/25/2070 | 2014501 |
|  | New Century Home Equity Loan Trust |  |  |  |
| 696317 | &nbsp;&nbsp;&nbsp;Series 2006-1-A2B (1 mo. Term SOFR + 0.47%, 0.36% Floor, 12.50% Cap) | 4.21% | 05/25/2036 | 695840 |
|  | New Residential Mortgage Loan Trust |  |  |  |
| 1700000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM5-B1 | 6.83 %<sup>(a)(f)</sup> | 08/25/2065 | 1710336 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Novastar Home Equity Loan |  |  |  |
| 9160019 | &nbsp;&nbsp;&nbsp;Series 2006-3-A2C (1 mo. Term SOFR + 0.43%, 0.32% Floor, 11.00% Cap) | 4.17% | 10/25/2036 | 4249535 |
|  | Onslow Bay Mortgage Loan Trust |  |  |  |
| 1375000 | &nbsp;&nbsp;&nbsp;Series 2024-NQM18-M1 | 6.17 %<sup>(a)(f)</sup> | 10/25/2064 | 1388896 |
|  | Pretium Mortgage Credit Partners LLC |  |  |  |
| 2700000 | &nbsp;&nbsp;&nbsp;Series 2025-NPL10-A2 | 7.26 %<sup>(a)(h)</sup> | 10/25/2055 | 2707970 |
| 1162000 | &nbsp;&nbsp;&nbsp;Series 2025-NPL9-A2 | 7.51 %<sup>(a)(h)</sup> | 08/25/2055 | 1165305 |
|  | Progress Residential Trust |  |  |  |
| 8100000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR3-F | 3.44 %<sup>(a)</sup> | 05/17/2026 | 8046821 |
| 6000000 | &nbsp;&nbsp;&nbsp;Series 2024-SFR3-E1 | 4.00 %<sup>(a)</sup> | 06/17/2041 | 5736825 |
|  | PRPM LLC |  |  |  |
| 4500074 | &nbsp;&nbsp;&nbsp;Series 2025-3-A1 | 6.26 %<sup>(a)(h)</sup> | 05/25/2030 | 4511958 |
| 6475132 | &nbsp;&nbsp;&nbsp;Series 2025-4-A1 | 6.18 %<sup>(a)(h)</sup> | 06/25/2030 | 6492271 |
| 800000 | &nbsp;&nbsp;&nbsp;Series 2025-7-A2 | 7.45 %<sup>(a)(h)</sup> | 08/25/2030 | 801910 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2025-NQM4-B1 | 6.72 %<sup>(a)(f)</sup> | 07/25/2070 | 2003094 |
|  | RALI Trust |  |  |  |
| 215011 | &nbsp;&nbsp;&nbsp;Series 2006-QS12-2A3 | 6.00% | 09/25/2036 | 175630 |
|  | Residential Asset Securitization Trust |  |  |  |
| 1488663 | &nbsp;&nbsp;&nbsp;Series 2005-A15-5A2 | 5.75% | 02/25/2036 | 521640 |
| 345157 | &nbsp;&nbsp;&nbsp;Series 2006-A2-A11 | 6.00% | 01/25/2046 | 124150 |
|  | RESIDENTIAL MORTGAGE LOAN TRUST |  |  |  |
| 5750000 | &nbsp;&nbsp;&nbsp;Series 2020-1-B1 | 3.95 %<sup>(a)(f)</sup> | 01/26/2060 | 5522313 |
|  | RFMSI Trust |  |  |  |
| 2217726 | &nbsp;&nbsp;&nbsp;Series 2006-S8-A10 | 6.00% | 09/25/2036 | 1790555 |
|  | Soundview Home Equity Loan Trust |  |  |  |
| 3952321 | &nbsp;&nbsp;&nbsp;Series 2007-OPT1-2A2 (1 mo. Term SOFR + 0.26%, 0.15% Floor) | 4.00% | 06/25/2037 | 2668416 |
|  | Starwood Mortgage Residential Trust |  |  |  |
| 1116000 | &nbsp;&nbsp;&nbsp;Series 2019-INV1-B1 | 3.66 %<sup>(a)(f)</sup> | 09/27/2049 | 1070223 |
|  | Structured Adjustable Rate Mortgage Loan Trust |  |  |  |
| 435373 | &nbsp;&nbsp;&nbsp;Series 2005-22-4A1 | 5.22 %<sup>(f)</sup> | 12/25/2035 | 403767 |
|  | Structured Asset Securities Corp. |  |  |  |
| 6363983 | &nbsp;&nbsp;&nbsp;Series 2007-OSI-A4 (1 mo. Term SOFR + 0.51%, 0.40% Floor) | 4.25% | 06/25/2037 | 4294950 |
| 4387571 | &nbsp;&nbsp;&nbsp;Series 2007-RF1-1A (1 mo. Term SOFR + 0.30%, 0.19% Floor) | 4.04 %<sup>(a)</sup> | 03/25/2037 | 3643549 |
|  | TBW Mortgage Backed Pass Through Certificates |  |  |  |
| 13414977 | &nbsp;&nbsp;&nbsp;Series 2006-3-4A1 (1 mo. Term SOFR + 0.51%, 0.40% Floor, 7.50% Cap) | 4.25% | 07/25/2036 | 913011 |
| 13415064 | &nbsp;&nbsp;&nbsp;Series 2006-3-4A3 (-1 x 1 mo. Term SOFR + 6.99%, 0.00% Floor, 7.10% Cap) | 3.25 %<sup>(g)(i)</sup> | 07/25/2036 | 550043 |
|  | Tricon American Homes Trust |  |  |  |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2019-SFR1-F | 3.75 %<sup>(a)</sup> | 03/17/2038 | 4981690 |
|  | VCAT Asset Securitization LLC |  |  |  |
| 5904794 | &nbsp;&nbsp;&nbsp;Series 2025-NPL1-A1 | 5.88 %<sup>(a)(h)</sup> | 01/25/2055 | 5930083 |
| 5979735 | &nbsp;&nbsp;&nbsp;Series 2025-NPL2-A1 | 5.98 %<sup>(a)(h)</sup> | 01/25/2055 | 6001947 |
|  | Velocity Commercial Capital Loan Trust |  |  |  |
| 1006289 | &nbsp;&nbsp;&nbsp;Series 2018-2-M2 | 4.51 %<sup>(a)(f)</sup> | 10/26/2048 | 966736 |
| 256024 | &nbsp;&nbsp;&nbsp;Series 2018-2-M3 | 4.72 %<sup>(a)(f)</sup> | 10/26/2048 | 240497 |
| 869805 | &nbsp;&nbsp;&nbsp;Series 2019-1-M5 | 5.70 %<sup>(a)(f)</sup> | 03/25/2049 | 788486 |
| 997839 | &nbsp;&nbsp;&nbsp;Series 2019-2-M4 | 3.99 %<sup>(a)(f)</sup> | 07/25/2049 | 842941 |
|  | Verus Securitization Trust |  |  |  |
| 2600000 | &nbsp;&nbsp;&nbsp;Series 2021-3-B1 | 3.20 %<sup>(a)(f)</sup> | 06/25/2066 | 2000116 |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2021-7-B1 | 4.14 %<sup>(a)(f)</sup> | 10/25/2066 | 4089335 |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2021-R2-B1 | 3.25 %<sup>(a)(f)</sup> | 02/25/2064 | 2463333 |
| 4750000 | &nbsp;&nbsp;&nbsp;Series 2024-6-M1 | 6.18 %<sup>(a)(f)</sup> | 07/25/2069 | 4797975 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2024-9-M1 | 6.20 %<sup>(a)(f)</sup> | 11/25/2069 | 2022308 |
| 6125000 | &nbsp;&nbsp;&nbsp;Series 2025-1-M1 | 6.51 %<sup>(a)(f)</sup> | 01/25/2070 | 6227493 |
| 1493000 | &nbsp;&nbsp;&nbsp;Series 2025-2-B1 | 6.97 %<sup>(a)</sup> | 03/25/2070 | 1508809 |
| 7680000 | &nbsp;&nbsp;&nbsp;Series 2025-3-B1 | 7.51 %<sup>(a)(f)</sup> | 05/25/2070 | 7843453 |
| 1228000 | &nbsp;&nbsp;&nbsp;Series 2025-5-B1 | 7.06 %<sup>(a)(f)</sup> | 06/25/2070 | 1246430 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2025-7-B1 | 6.62 %<sup>(a)(f)</sup> | 08/25/2070 | 1004154 |
| 400000 | &nbsp;&nbsp;&nbsp;Series 2025-8-B1 | 6.48 %<sup>(a)</sup> | 09/25/2070 | 400838 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2025-9-B1 | 6.54 %<sup>(a)(f)</sup> | 10/27/2070 | 1003541 |
| 392000 | &nbsp;&nbsp;&nbsp;Series 2025-9-B2 | 7.38 %<sup>(a)(f)</sup> | 10/27/2070 | 392771 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
| 2100000 | &nbsp;&nbsp;&nbsp;Series 2025-R1-M1 | 6.13 %<sup>(a)(f)</sup> |  | 05/25/2065 | 2121735 |
|  | WaMu Mortgage Pass Through Certificates |  |  |  |  |
| 601149 | &nbsp;&nbsp;&nbsp;Series 2007-HY6-2A2 | 3.92 %<sup>(f)</sup> |  | 06/25/2037 | 527538 |
|  | Washington Mutual Alternative Mortgage Pass-Through Certificates |  |  |  |  |
| 405499 | &nbsp;&nbsp;&nbsp;Series 2006-2-4CB | 6.00% |  | 03/25/2036 | 401941 |
|  | Wells Fargo Alternative Loan Trust |  |  |  |  |
| 192282 | &nbsp;&nbsp;&nbsp;Series 2007-PA5-1A1 | 6.25% |  | 11/25/2037 | 165882 |
|  | Wells Fargo Home Equity Trust |  |  |  |  |
| 4534286 | &nbsp;&nbsp;&nbsp;Series 2007-2-A4 (1 mo. Term SOFR + 0.71%, 0.60% Floor) | 4.45% |  | 04/25/2037 | 3380311 |
|  | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $272,776,155)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $272,776,155)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $272,776,155)** |  | **247776931** |
| **US CORPORATE BONDS - 4.1%** | **US CORPORATE BONDS - 4.1%** |  |  |  |  |
| 400000 | 1261229 BC Ltd. | 10.00 %<sup>(a)</sup> |  | 04/15/2032 | 416307 |
| 215000 | AAR Escrow Issuer LLC | 6.75 %<sup>(a)</sup> |  | 03/15/2029 | 222601 |
| 425000 | Academy Ltd. | 6.00 %<sup>(a)</sup> |  | 11/15/2027 | 426820 |
| 75000 | Acrisure LLC / Acrisure Finance, Inc. | 6.00 %<sup>(a)</sup> |  | 08/01/2029 | 74410 |
| 240000 | Acrisure LLC / Acrisure Finance, Inc. | 6.75 %<sup>(a)</sup> |  | 07/01/2032 | 248289 |
| 320000 | Acushnet Co. | 5.63 %<sup>(a)</sup> |  | 12/01/2033 | 324395 |
| 95000 | AdaptHealth LLC | 5.13 %<sup>(a)</sup> |  | 03/01/2030 | 93115 |
| 90000 | Advance Auto Parts, Inc. | 7.38 %<sup>(a)</sup> |  | 08/01/2033 | 90421 |
| 450000 | Advanced Drainage Systems, Inc. | 6.38 %<sup>(a)</sup> |  | 06/15/2030 | 461842 |
| 240000 | Aethon United BR LP / Aethon United Finance Corp. | 7.50 %<sup>(a)</sup> |  | 10/01/2029 | 251565 |
| 215000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer | 6.75 %<sup>(a)</sup> |  | 10/15/2027 | 217264 |
| 245000 | Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer | 6.50 %<sup>(a)</sup> |  | 10/01/2031 | 252825 |
| 280000 | Allied Universal Holdco LLC | 7.88 %<sup>(a)</sup> |  | 02/15/2031 | 295253 |
| 200000 | Allied Universal Holdco LLC / Allied Universal Finance Corp. | 6.00 %<sup>(a)</sup> |  | 06/01/2029 | 198094 |
| 60000 | AMC Entertainment Holdings, Inc. | 7.50 %<sup>(a)</sup> |  | 02/15/2029 | 52544 |
| 115000 | Amentum Holdings, Inc. | 7.25 %<sup>(a)</sup> |  | 08/01/2032 | 121288 |
| 165000 | American Airlines, Inc. | 8.50 %<sup>(a)</sup> |  | 05/15/2029 | 172675 |
| 100000 | American Axle & Manufacturing, Inc. | 5.00% |  | 10/01/2029 | 96396 |
| 135000 | American Axle & Manufacturing, Inc. | 6.38 %<sup>(a)</sup> |  | 10/15/2032 | 137555 |
| 115000 | American Axle & Manufacturing, Inc. | 7.75 %<sup>(a)</sup> |  | 10/15/2033 | 117201 |
| 185000 | AmWINS Group, Inc. | 4.88 %<sup>(a)</sup> |  | 06/30/2029 | 182085 |
| 110000 | Anywhere Real Estate Group LLC / Anywhere Co.-Issuer Corp. | 7.00 %<sup>(a)</sup> |  | 04/15/2030 | 109980 |
| 130000 | Anywhere Real Estate Group LLC / Realogy Co.-Issuer Corp. | 5.25 %<sup>(a)</sup> |  | 04/15/2030 | 121958 |
| 300000 | APH / APH2 / APH3 | 7.88 %<sup>(a)</sup> |  | 11/01/2029 | 303223 |
| 230000 | Archrock Partners LP / Archrock Partners Finance Corp. | 6.63 %<sup>(a)</sup> |  | 09/01/2032 | 237366 |
| 410000 | Arsenal AIC Parent LLC | 8.00 %<sup>(a)</sup> |  | 10/01/2030 | 435589 |
| 30000 | Artera Services LLC | 8.50 %<sup>(a)</sup> |  | 02/15/2031 | 24933 |
| 130000 | Ashton Woods USA LLC / Ashton Woods Finance Co. | 4.63 %<sup>(a)</sup> |  | 04/01/2030 | 124751 |
| 90000 | Asurion LLC and Asurion Co.-Issuer, Inc. | 8.00 %<sup>(a)</sup> |  | 12/31/2032 | 93431 |
| 315000 | AthenaHealth Group, Inc. | 6.50 %<sup>(a)</sup> |  | 02/15/2030 | 314320 |
| 130000 | Azorra Finance Ltd. | 7.75 %<sup>(a)</sup> |  | 04/15/2030 | 137772 |
| 225000 | Azorra Finance Ltd. | 7.25 %<sup>(a)</sup> |  | 01/15/2031 | 236652 |
| 230000 | Bausch + Lomb Corp. | 8.38 %<sup>(a)</sup> |  | 10/01/2028 | 240350 |
| 60000 | Bausch Health Americas, Inc. | 8.50 %<sup>(a)</sup> |  | 01/31/2027 | 59455 |
| 170000 | Bausch Health Cos., Inc. | 4.88 %<sup>(a)</sup> |  | 06/01/2028 | 152277 |
| 90000 | Bausch Health Cos., Inc. | 5.25 %<sup>(a)</sup> |  | 01/30/2030 | 63414 |
| 15000 | Bausch Health Cos., Inc. | 14.00 %<sup>(a)</sup> |  | 10/15/2030 | 15242 |
| 315000 | Buckeye Partners LP | 6.88 %<sup>(a)</sup> |  | 07/01/2029 | 328854 |
| 265000 | Builders FirstSource, Inc. | 6.38 %<sup>(a)</sup> |  | 03/01/2034 | 274323 |
| 150000 | Builders FirstSource, Inc. | 6.75 %<sup>(a)</sup> |  | 05/15/2035 | 157015 |
| 100000 | CACI International, Inc. | 6.38 %<sup>(a)</sup> |  | 06/15/2033 | 103593 |
| 275000 | Caesars Entertainment, Inc. | 6.00 %<sup>(a)</sup> |  | 10/15/2032 | 267632 |
| 570000 | Carnival Corp. | 5.88 %<sup>(a)</sup> |  | 06/15/2031 | 589189 |
| 300000 | Carnival Corp. | 5.75 %<sup>(a)</sup> |  | 08/01/2032 | 308259 |
| 36000 | Castle US Holding Corp. | 10.00 %<sup>(a)</sup> |  | 06/30/2031 | 5940 |
| 310000 | CCO Holdings LLC / CCO Holdings Capital Corp. | 5.13 %<sup>(a)</sup> |  | 05/01/2027 | 309754 |
| 495000 | CCO Holdings LLC / CCO Holdings Capital Corp. | 4.75 %<sup>(a)</sup> |  | 03/01/2030 | 473056 |
| 340000 | CCO Holdings LLC / CCO Holdings Capital Corp. | 4.75 %<sup>(a)</sup> |  | 02/01/2032 | 310992 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 180000 | CCO Holdings LLC / CCO Holdings Capital Corp. | 4.25 %<sup>(a)</sup> | 01/15/2034 | 153220 |
| 130000 | Celanese US Holdings LLC | 6.50% | 04/15/2030 | 130757 |
| 130000 | Celanese US Holdings LLC | 6.75% | 04/15/2033 | 129436 |
| 315000 | Chord Energy Corp. | 6.00 %<sup>(a)</sup> | 10/01/2030 | 320061 |
| 190000 | Chord Energy Corp. | 6.75 %<sup>(a)</sup> | 03/15/2033 | 196608 |
| 205000 | CHS/Community Health Systems, Inc. | 6.00 %<sup>(a)</sup> | 01/15/2029 | 205740 |
| 85000 | CHS/Community Health Systems, Inc. | 6.88 %<sup>(a)</sup> | 04/15/2029 | 75731 |
| 140000 | CHS/Community Health Systems, Inc. | 4.75 %<sup>(a)</sup> | 02/15/2031 | 124818 |
| 250000 | Cipher Compute LLC | 7.13 %<sup>(a)</sup> | 11/15/2030 | 254933 |
| 140000 | Clarios Global LP / Clarios US Finance Co. | 6.75 %<sup>(a)</sup> | 05/15/2028 | 143636 |
| 555000 | Clarios Global LP / Clarios US Finance Co. | 6.75 %<sup>(a)</sup> | 02/15/2030 | 580841 |
| 455000 | Clarios Global LP / Clarios US Finance Co. | 6.75 %<sup>(a)</sup> | 09/15/2032 | 472102 |
| 90000 | Clarivate Science Holdings Corp. | 4.88 %<sup>(a)</sup> | 07/01/2029 | 85177 |
| 130000 | Clear Channel Outdoor Holdings, Inc. | 7.50 %<sup>(a)</sup> | 06/01/2029 | 129201 |
| 215000 | Clear Channel Outdoor Holdings, Inc. | 7.13 %<sup>(a)</sup> | 02/15/2031 | 225898 |
| 155000 | Cleveland-Cliffs, Inc. | 6.88 %<sup>(a)</sup> | 11/01/2029 | 160640 |
| 135000 | Cloud Software Group, Inc. | 6.50 %<sup>(a)</sup> | 03/31/2029 | 136856 |
| 180000 | Cloud Software Group, Inc. | 9.00 %<sup>(a)</sup> | 09/30/2029 | 187596 |
| 110000 | Cloud Software Group, Inc. | 6.63 %<sup>(a)</sup> | 08/15/2033 | 109085 |
| 160000 | Clydesdale Acquisition Holdings, Inc. | 6.75 %<sup>(a)</sup> | 04/15/2032 | 164631 |
| 205000 | CNX Midstream Partners LP | 4.75 %<sup>(a)</sup> | 04/15/2030 | 199709 |
| 185000 | CNX Resources Corp. | 6.00 %<sup>(a)</sup> | 01/15/2029 | 186483 |
| 47000 | CommScope LLC | 4.75 %<sup>(a)</sup> | 09/01/2029 | 46971 |
| 35000 | CommScope LLC | 9.50 %<sup>(a)</sup> | 12/15/2031 | 35382 |
| 65000 | CommScope Technologies LLC | 5.00 %<sup>(a)</sup> | 03/15/2027 | 64898 |
| 180000 | CoreWeave, Inc. | 9.25 %<sup>(a)</sup> | 06/01/2030 | 167545 |
| 110000 | Cornerstone Building Brands, Inc. | 9.50 %<sup>(a)</sup> | 08/15/2029 | 81490 |
| 110000 | Cougar JV Subsidiary LLC | 8.00 %<sup>(a)</sup> | 05/15/2032 | 118009 |
| 470000 | CQP Holdco LP / BIP-V Chinook Holdco LLC | 5.50 %<sup>(a)</sup> | 06/15/2031 | 465290 |
| 100000 | Dana, Inc. | 5.38% | 11/15/2027 | 99898 |
| 290000 | Dcli Bidco LLC | 7.75 %<sup>(a)</sup> | 11/15/2029 | 298327 |
| 315000 | Dealer Tire LLC / DT Issuer LLC | 8.00 %<sup>(a)</sup> | 02/01/2028 | 316694 |
| 310000 | Directv Financing LLC | 8.88 %<sup>(a)</sup> | 02/01/2030 | 314044 |
| 78000 | Directv Financing LLC / Directv Financing Co.-Obligor, Inc. | 5.88 %<sup>(a)</sup> | 08/15/2027 | 78502 |
| 335000 | DISH DBS Corp. | 5.75 %<sup>(a)</sup> | 12/01/2028 | 329096 |
| 220000 | DISH DBS Corp. | 5.13% | 06/01/2029 | 195446 |
| 120000 | Dornoch Debt Merger Sub, Inc. | 6.63 %<sup>(a)</sup> | 10/15/2029 | 104038 |
| 210000 | EchoStar Corp. | 10.75% | 11/30/2029 | 232382 |
| 440000 | Ellucian Holdings, Inc. | 6.50 %<sup>(a)</sup> | 12/01/2029 | 449747 |
| 55000 | Embarq LLC | 8.00% | 06/01/2036 | 22823 |
| 320000 | EMRLD Borrower LP / Emerald Co.-Issuer, Inc. | 6.63 %<sup>(a)</sup> | 12/15/2030 | 333684 |
| 195000 | Energizer Holdings, Inc. | 6.00 %<sup>(a)</sup> | 09/15/2033 | 187289 |
| 130000 | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. | 6.75 %<sup>(a)</sup> | 01/15/2030 | 123695 |
| 170000 | Flash Compute LLC | 7.25 %<sup>(a)</sup> | 12/31/2030 | 168642 |
| 120000 | Freedom Mortgage Holdings LLC | 8.38 %<sup>(a)</sup> | 04/01/2032 | 126413 |
| 145000 | FTAI Aviation Investors LLC | 5.88 %<sup>(a)</sup> | 04/15/2033 | 147482 |
| 115000 | Full House Resorts, Inc. | 8.25 %<sup>(a)</sup> | 02/15/2028 | 100337 |
| 150000 | Gates Corp./DE | 6.88 %<sup>(a)</sup> | 07/01/2029 | 155959 |
| 445000 | Genesee & Wyoming, Inc. | 6.25 %<sup>(a)</sup> | 04/15/2032 | 459464 |
| 200000 | Genting New York LLC / GENNY Capital, Inc. | 7.25 %<sup>(a)</sup> | 10/01/2029 | 205239 |
| 80000 | Getty Images, Inc. | 10.50 %<sup>(a)</sup> | 11/15/2030 | 80722 |
| 140000 | Goat Holdco LLC | 6.75 %<sup>(a)</sup> | 02/01/2032 | 143900 |
| 95000 | Goodyear Tire & Rubber Co. | 5.25% | 07/15/2031 | 90194 |
| 80000 | GrafTech Finance, Inc. | 4.63 %<sup>(a)</sup> | 12/23/2029 | 59800 |
| 485000 | Graham Holdings Co. | 5.63 %<sup>(a)</sup> | 12/01/2033 | 490877 |
| 295000 | Gray Media, Inc. | 9.63 %<sup>(a)</sup> | 07/15/2032 | 306364 |
| 145000 | Gray Media, Inc. | 7.25 %<sup>(a)</sup> | 08/15/2033 | 148252 |
| 415000 | Griffon Corp. | 5.75% | 03/01/2028 | 416033 |
| 150000 | Group 1 Automotive, Inc. | 6.38 %<sup>(a)</sup> | 01/15/2030 | 154630 |
| 240000 | Gulfport Energy Operating Corp. | 6.75 %<sup>(a)</sup> | 09/01/2029 | 248143 |
| 305000 | Harvest Midstream I LP | 7.50 %<sup>(a)</sup> | 05/15/2032 | 318160 |
| 155000 | Herc Holdings, Inc. | 7.00 %<sup>(a)</sup> | 06/15/2030 | 163219 |
| 110000 | Herc Holdings, Inc. | 5.75 %<sup>(a)</sup> | 03/15/2031 | 111699 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 110000 | Herc Holdings, Inc. | 6.00 %<sup>(a)</sup> | 03/15/2034 | 111534 |
| 110000 | Hightower Holding LLC | 6.75 %<sup>(a)</sup> | 04/15/2029 | 109682 |
| 125000 | Hilcorp Energy I LP / Hilcorp Finance Co. | 7.25 %<sup>(a)</sup> | 02/15/2035 | 118872 |
| 300000 | Hilton Domestic Operating Co., Inc. | 5.75 %<sup>(a)</sup> | 09/15/2033 | 307176 |
| 195000 | HUB International Ltd. | 7.25 %<sup>(a)</sup> | 06/15/2030 | 204844 |
| 150000 | Icahn Enterprises LP / Icahn Enterprises Finance Corp. | 5.25% | 05/15/2027 | 148051 |
| 65000 | iHeartCommunications, Inc. | 9.13 %<sup>(a)</sup> | 05/01/2029 | 62655 |
| 42000 | Illuminate Buyer LLC / Illuminate Holdings IV, Inc. | 9.00 %<sup>(a)</sup> | 07/01/2028 | 42275 |
| 335000 | Installed Building Products, Inc. | 5.75 %<sup>(a)</sup> | 02/01/2028 | 336467 |
| 275000 | ION Platform Finance US, Inc. / ION Platform Finance SARL | 5.00 %<sup>(a)</sup> | 05/01/2028 | 256478 |
| 195000 | IQVIA, Inc. | 6.25 %<sup>(a)</sup> | 06/01/2032 | 204003 |
| 195000 | Iron Mountain, Inc. | 7.00 %<sup>(a)</sup> | 02/15/2029 | 200431 |
| 100000 | JetBlue Airways Corp. / JetBlue Loyalty LP | 9.88 %<sup>(a)</sup> | 09/20/2031 | 100834 |
| 140000 | K Hovnanian Enterprises, Inc. | 8.00 %<sup>(a)</sup> | 04/01/2031 | 142992 |
| 320000 | Kodiak Gas Services LLC | 7.25 %<sup>(a)</sup> | 02/15/2029 | 333103 |
| 155000 | Kodiak Gas Services LLC | 6.50 %<sup>(a)</sup> | 10/01/2033 | 158369 |
| 155000 | Kodiak Gas Services LLC | 6.75 %<sup>(a)</sup> | 10/01/2035 | 159445 |
| 315000 | Lamar Media Corp. | 5.38 %<sup>(a)</sup> | 11/01/2033 | 313330 |
| 65000 | LBM Acquisition LLC | 6.25 %<sup>(a)</sup> | 01/15/2029 | 58560 |
| 90000 | LBM Acquisition LLC | 9.50 %<sup>(a)</sup> | 06/15/2031 | 93932 |
| 115000 | Level 3 Financing, Inc. | 3.75 %<sup>(a)</sup> | 07/15/2029 | 105140 |
| 475000 | Level 3 Financing, Inc. | 6.88 %<sup>(a)</sup> | 06/30/2033 | 486447 |
| 155000 | LFS Topco LLC | 8.75 %<sup>(a)</sup> | 07/15/2030 | 156136 |
| 335000 | Life Time, Inc. | 6.00 %<sup>(a)</sup> | 11/15/2031 | 343421 |
| 150000 | LifePoint Health, Inc. | 10.00 %<sup>(a)</sup> | 06/01/2032 | 159500 |
| 220000 | Light & Wonder International, Inc. | 7.25 %<sup>(a)</sup> | 11/15/2029 | 226070 |
| 635000 | Light & Wonder International, Inc. | 6.25 %<sup>(a)</sup> | 10/01/2033 | 643171 |
| 210000 | Lindblad Expeditions LLC | 7.00 %<sup>(a)</sup> | 09/15/2030 | 219168 |
| 460000 | M/I Homes, Inc. | 4.95% | 02/01/2028 | 460970 |
| 550000 | Madison IAQ LLC | 5.88 %<sup>(a)</sup> | 06/30/2029 | 547099 |
| 180000 | Matador Resources Co. | 6.50 %<sup>(a)</sup> | 04/15/2032 | 182667 |
| 210000 | Match Group Holdings II LLC | 5.00 %<sup>(a)</sup> | 12/15/2027 | 210523 |
| 70000 | Mativ Holdings, Inc. | 8.00 %<sup>(a)</sup> | 10/01/2029 | 70789 |
| 90000 | Mavis Tire Express Services Topco Corp. | 6.50 %<sup>(a)</sup> | 05/15/2029 | 89179 |
| 65000 | McAfee Corp. | 7.38 %<sup>(a)</sup> | 02/15/2030 | 56754 |
| 120000 | McGraw-Hill Education, Inc. | 5.75 %<sup>(a)</sup> | 08/01/2028 | 120699 |
| 45000 | McGraw-Hill Education, Inc. | 7.38 %<sup>(a)</sup> | 09/01/2031 | 47512 |
| 345000 | Medline Borrower LP | 5.25 %<sup>(a)</sup> | 10/01/2029 | 347069 |
| 135000 | Medline Borrower LP/Medline Co.-Issuer, Inc. | 6.25 %<sup>(a)</sup> | 04/01/2029 | 139726 |
| 115000 | Michaels Cos., Inc. | 5.25 %<sup>(a)</sup> | 05/01/2028 | 110689 |
| 160000 | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp. | 4.88 %<sup>(a)</sup> | 05/01/2029 | 157494 |
| 220000 | Miter Brands Acquisition Holdco, Inc. / MIWD Borrower LLC | 6.75 %<sup>(a)</sup> | 04/01/2032 | 225679 |
| 150000 | Nabors Industries, Inc. | 9.13 %<sup>(a)</sup> | 01/31/2030 | 157387 |
| 215000 | Nabors Industries, Inc. | 7.63 %<sup>(a)</sup> | 11/15/2032 | 211455 |
| 85000 | Navient Corp. | 5.00% | 03/15/2027 | 85240 |
| 85000 | Navient Corp. | 7.88% | 06/15/2032 | 89032 |
| 90000 | NCL Corp. Ltd. | 5.88 %<sup>(a)</sup> | 01/15/2031 | 89710 |
| 90000 | NCL Corp. Ltd. | 6.25 %<sup>(a)</sup> | 09/15/2033 | 90004 |
| 215000 | Neptune Bidco US, Inc. | 10.38 %<sup>(a)</sup> | 05/15/2031 | 220571 |
| 195000 | Newell Brands, Inc. | 6.38% | 05/15/2030 | 190685 |
| 90000 | NGL Energy Operating LLC / NGL Energy Finance Corp. | 8.13 %<sup>(a)</sup> | 02/15/2029 | 93473 |
| 160000 | Nissan Motor Acceptance Co. LLC | 5.63 %<sup>(a)</sup> | 09/29/2028 | 160551 |
| 150000 | Novelis Corp. | 6.88 %<sup>(a)</sup> | 01/30/2030 | 155826 |
| 180000 | NRG Energy, Inc. | 6.00 %<sup>(a)</sup> | 02/01/2033 | 183921 |
| 70000 | NRG Energy, Inc. | 5.75 %<sup>(a)</sup> | 01/15/2034 | 70749 |
| 185000 | Olin Corp. | 6.63 %<sup>(a)</sup> | 04/01/2033 | 183838 |
| 200000 | Olympus Water US Holding Corp. | 7.25 %<sup>(a)</sup> | 02/15/2033 | 201170 |
| 220000 | OneMain Finance Corp. | 6.63% | 01/15/2028 | 226510 |
| 190000 | OneMain Finance Corp. | 6.13% | 05/15/2030 | 194167 |
| 155000 | OneMain Finance Corp. | 7.50% | 05/15/2031 | 163196 |
| 225000 | OneMain Finance Corp. | 6.50% | 03/15/2033 | 227728 |
| 190000 | Outfront Media Capital LLC / Outfront Media Capital Corp. | 7.38 %<sup>(a)</sup> | 02/15/2031 | 201224 |
| 170000 | Panther Escrow Issuer LLC | 7.13 %<sup>(a)</sup> | 06/01/2031 | 176269 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 245000 | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer | 7.00 %<sup>(a)</sup> | 02/01/2030 | 252365 |
| 55000 | PBF Holding Co. LLC / PBF Finance Corp. | 6.00% | 02/15/2028 | 54515 |
| 75000 | Penn Entertainment, Inc. | 4.13 %<sup>(a)</sup> | 07/01/2029 | 69823 |
| 110000 | PennyMac Financial Services, Inc. | 4.25 %<sup>(a)</sup> | 02/15/2029 | 108023 |
| 120000 | PennyMac Financial Services, Inc. | 7.88 %<sup>(a)</sup> | 12/15/2029 | 127762 |
| 105000 | PennyMac Financial Services, Inc. | 6.88 %<sup>(a)</sup> | 05/15/2032 | 109982 |
| 115000 | Permian Resources Operating LLC | 6.25 %<sup>(a)</sup> | 02/01/2033 | 118020 |
| 250000 | PetSmart LLC / PetSmart Finance Corp. | 7.50 %<sup>(a)</sup> | 09/15/2032 | 254722 |
| 185000 | Post Holdings, Inc. | 6.38 %<sup>(a)</sup> | 03/01/2033 | 187031 |
| 515000 | Primo Water Holdings, Inc. / Triton Water Holdings, Inc. | 6.25 %<sup>(a)</sup> | 04/01/2029 | 519408 |
| 125000 | Qnity Electronics, Inc. | 6.25 %<sup>(a)</sup> | 08/15/2033 | 129725 |
| 720000 | Quikrete Holdings, Inc. | 6.75 %<sup>(a)</sup> | 03/01/2033 | 752387 |
| 105000 | QXO Building Products, Inc. | 6.75 %<sup>(a)</sup> | 04/30/2032 | 109748 |
| 35000 | Radiate Holdco LLC / Radiate Finance, Inc. | 4.50 %<sup>(a)</sup> | 09/15/2026 | 33425 |
| 89465 | Radiology Partners, Inc.<br> (9.78% Cash or 9.78% PIK) | 9.78 %<sup>(a)</sup> | 02/15/2030 | 86222 |
| 240000 | Radiology Partners, Inc. | 8.50 %<sup>(a)</sup> | 07/15/2032 | 251013 |
| 245000 | RHP Hotel Properties LP / RHP Finance Corp. | 6.50 %<sup>(a)</sup> | 06/15/2033 | 255674 |
| 410000 | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp. | 6.63 %<sup>(a)</sup> | 02/01/2033 | 419432 |
| 165000 | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp. | 6.25 %<sup>(a)</sup> | 10/15/2030 | 168498 |
| 145000 | Rocket Cos., Inc. | 6.13 %<sup>(a)</sup> | 08/01/2030 | 149967 |
| 145000 | Rocket Cos., Inc. | 6.38 %<sup>(a)</sup> | 08/01/2033 | 151361 |
| 335000 | Rockies Express Pipeline LLC | 6.75 %<sup>(a)</sup> | 03/15/2033 | 353951 |
| 84000 | Sabre GLBL, Inc. | 10.75 %<sup>(a)</sup> | 11/15/2029 | 71488 |
| 115000 | Sabre GLBL, Inc. | 10.75 %<sup>(a)</sup> | 03/15/2030 | 94654 |
| 145000 | Select Medical Corp. | 6.25 %<sup>(a)</sup> | 12/01/2032 | 141881 |
| 205000 | Service Properties Trust | 0.00 %<sup>(a)</sup> | 09/30/2027 | 185506 |
| 50000 | Service Properties Trust | 5.50% | 12/15/2027 | 49408 |
| 105000 | Service Properties Trust | 8.88% | 06/15/2032 | 103667 |
| 355000 | Sirius XM Radio LLC | 5.50 %<sup>(a)</sup> | 07/01/2029 | 358110 |
| 60000 | Six Flags Entertainment Corp. | 7.25 %<sup>(a)</sup> | 05/15/2031 | 57617 |
| 180000 | SM Energy Co. | 7.00 %<sup>(a)</sup> | 08/01/2032 | 177066 |
| 315000 | Solstice Advanced Materials, Inc. | 5.63 %<sup>(a)</sup> | 09/30/2033 | 317966 |
| 115000 | Standard Building Solutions, Inc. | 6.50 %<sup>(a)</sup> | 08/15/2032 | 118478 |
| 450000 | Standard Building Solutions, Inc. | 6.25 %<sup>(a)</sup> | 08/01/2033 | 459946 |
| 215000 | Standard Building Solutions, Inc. | 5.88 %<sup>(a)</sup> | 03/15/2034 | 215763 |
| 195000 | Staples, Inc. | 10.75 %<sup>(a)</sup> | 09/01/2029 | 194111 |
| 95000 | Star Leasing Co. LLC | 7.63 %<sup>(a)</sup> | 02/15/2030 | 88461 |
| 270000 | Starwood Property Trust, Inc. | 5.25 %<sup>(a)</sup> | 10/15/2028 | 272985 |
| 140000 | Starwood Property Trust, Inc. | 7.25 %<sup>(a)</sup> | 04/01/2029 | 148029 |
| 155000 | Starwood Property Trust, Inc. | 6.00 %<sup>(a)</sup> | 04/15/2030 | 159656 |
| 25000 | Starz Capital Holdings LLC | 5.50 %<sup>(a)</sup> | 04/15/2029 | 20225 |
| 330000 | Station Casinos LLC | 6.63 %<sup>(a)</sup> | 03/15/2032 | 339314 |
| 135000 | Suburban Propane Partners LP/Suburban Energy Finance Corp. | 5.00 %<sup>(a)</sup> | 06/01/2031 | 129919 |
| 175000 | SunCoke Energy, Inc. | 4.88 %<sup>(a)</sup> | 06/30/2029 | 162656 |
| 115000 | Sunoco LP / Sunoco Finance Corp. | 6.00% | 04/15/2027 | 115580 |
| 40000 | SWF Holdings I Corp. | 6.50 %<sup>(a)</sup> | 10/01/2029 | 9600 |
| 135000 | Talen Energy Supply LLC | 6.25 %<sup>(a)</sup> | 02/01/2034 | 137752 |
| 190000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. | 7.38 %<sup>(a)</sup> | 02/15/2029 | 197088 |
| 90000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. | 6.75 %<sup>(a)</sup> | 03/15/2034 | 90053 |
| 320000 | Taylor Morrison Communities, Inc. | 5.75 %<sup>(a)</sup> | 11/15/2032 | 329447 |
| 220000 | Tenet Healthcare Corp. | 6.13% | 06/15/2030 | 225399 |
| 55000 | Tenet Healthcare Corp. | 5.50 %<sup>(a)</sup> | 11/15/2032 | 55790 |
| 55000 | Tenet Healthcare Corp. | 6.00 %<sup>(a)</sup> | 11/15/2033 | 56662 |
| 215000 | TransDigm, Inc. | 6.88 %<sup>(a)</sup> | 12/15/2030 | 225111 |
| 280000 | TransDigm, Inc. | 6.38 %<sup>(a)</sup> | 05/31/2033 | 287506 |
| 20000 | TransDigm, Inc. | 6.25 %<sup>(a)</sup> | 01/31/2034 | 20764 |
| 35000 | TransDigm, Inc. | 6.75 %<sup>(a)</sup> | 01/31/2034 | 36481 |
| 70000 | Transocean International Ltd. | 7.88 %<sup>(a)</sup> | 10/15/2032 | 73439 |
| 120000 | Trident TPI Holdings, Inc. | 12.75 %<sup>(a)</sup> | 12/31/2028 | 123105 |
| 225000 | UKG, Inc. | 6.88 %<sup>(a)</sup> | 02/01/2031 | 231478 |
| 225000 | United Airlines, Inc. | 4.63 %<sup>(a)</sup> | 04/15/2029 | 224183 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 1180000 | United Natural Foods, Inc. | 6.75 %<sup>(a)</sup> | 10/15/2028 | 1186773 |
| 215000 | United Rentals North America, Inc. | 5.38 %<sup>(a)</sup> | 11/15/2033 | 214978 |
| 120000 | Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC | 8.63 %<sup>(a)</sup> | 06/15/2032 | 118301 |
| 310000 | Univision Communications, Inc. | 8.50 %<sup>(a)</sup> | 07/31/2031 | 324091 |
| 90000 | Upbound Group, Inc. | 6.38 %<sup>(a)</sup> | 02/15/2029 | 88764 |
| 335000 | US Foods, Inc. | 5.75 %<sup>(a)</sup> | 04/15/2033 | 341537 |
| 435000 | Vail Resorts, Inc. | 6.50 %<sup>(a)</sup> | 05/15/2032 | 451681 |
| 155000 | Venture Global LNG, Inc. | 8.13 %<sup>(a)</sup> | 06/01/2028 | 157084 |
| 290000 | Venture Global LNG, Inc. | 8.38 %<sup>(a)</sup> | 06/01/2031 | 288552 |
| 80000 | Venture Global LNG, Inc. | 9.88 %<sup>(a)</sup> | 02/01/2032 | 82696 |
| 165000 | Venture Global Plaquemines LNG LLC | 6.13 %<sup>(a)</sup> | 12/15/2030 | 168122 |
| 50000 | Venture Global Plaquemines LNG LLC | 7.50 %<sup>(a)</sup> | 05/01/2033 | 54053 |
| 300000 | Venture Global Plaquemines LNG LLC | 6.50 %<sup>(a)</sup> | 01/15/2034 | 307425 |
| 175000 | Veritiv Operating Co. | 10.50 %<sup>(a)</sup> | 11/30/2030 | 188381 |
| 430000 | Victra Holdings LLC / Victra Finance Corp. | 8.75 %<sup>(a)</sup> | 09/15/2029 | 455791 |
| 605000 | Viking Cruises Ltd. | 5.88 %<sup>(a)</sup> | 10/15/2033 | 614652 |
| 115000 | Vistra Operations Co. LLC | 7.75 %<sup>(a)</sup> | 10/15/2031 | 121859 |
| 135000 | Vistra Operations Co. LLC | 6.88 %<sup>(a)</sup> | 04/15/2032 | 142275 |
| 65000 | Vital Energy, Inc. | 7.88 %<sup>(a)</sup> | 04/15/2032 | 64088 |
| 180000 | VoltaGrid LLC | 7.38 %<sup>(a)</sup> | 11/01/2030 | 178422 |
| 150000 | Voyager Parent LLC | 9.25 %<sup>(a)</sup> | 07/01/2032 | 159260 |
| 130000 | VT Topco, Inc. | 8.50 %<sup>(a)</sup> | 08/15/2030 | 136388 |
| 180000 | Walker & Dunlop, Inc. | 6.63 %<sup>(a)</sup> | 04/01/2033 | 185536 |
| 120000 | Wand NewCo 3, Inc. | 7.63 %<sup>(a)</sup> | 01/30/2032 | 127060 |
| 265000 | WarnerMedia Holdings, Inc. | 4.05% | 03/15/2029 | 257816 |
| 105000 | WarnerMedia Holdings, Inc. | 4.28% | 03/15/2032 | 92302 |
| 180000 | WarnerMedia Holdings, Inc. | 5.05% | 03/15/2042 | 127125 |
| 480000 | Watco Cos. LLC / Watco Finance Corp. | 7.13 %<sup>(a)</sup> | 08/01/2032 | 502976 |
| 120000 | Wayfair LLC | 7.25 %<sup>(a)</sup> | 10/31/2029 | 125365 |
| 210000 | Wayfair LLC | 6.75 %<sup>(a)</sup> | 11/15/2032 | 216142 |
| 265000 | WBI Operating LLC | 6.50 %<sup>(a)</sup> | 10/15/2033 | 264138 |
| 315000 | Weatherford International Ltd. | 6.75 %<sup>(a)</sup> | 10/15/2033 | 322762 |
| 285000 | WESCO Distribution, Inc. | 6.38 %<sup>(a)</sup> | 03/15/2033 | 297742 |
| 145000 | Whirlpool Corp. | 6.50% | 06/15/2033 | 140710 |
| 140000 | Windstream Services LLC | 7.50 %<sup>(a)</sup> | 10/15/2033 | 143634 |
| 150000 | Windstream Services LLC / Windstream Escrow Finance Corp. | 8.25 %<sup>(a)</sup> | 10/01/2031 | 157606 |
| 200000 | WR Grace Holdings LLC | 5.63 %<sup>(a)</sup> | 08/15/2029 | 191155 |
| 140000 | WULF Compute LLC | 7.75 %<sup>(a)</sup> | 10/15/2030 | 144341 |
| 630000 | XHR LP | 6.63 %<sup>(a)</sup> | 05/15/2030 | 651001 |
| 215000 | XPO, Inc. | 7.13 %<sup>(a)</sup> | 06/01/2031 | 225053 |
|  | **Total US Corporate Bonds (Cost $54,861,469)** | **Total US Corporate Bonds (Cost $54,861,469)** |  | **55714879** |
| **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 12.6%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 12.6%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 12.6%** |  |  |
|  | Federal Home Loan Mortgage Corp. |  |  |  |
| 4116989 | &nbsp;&nbsp;&nbsp;Pool RJ1071 | 6.00% | 03/01/2054 | 4295068 |
| 3954738 | &nbsp;&nbsp;&nbsp;Pool SD5141 | 6.00% | 04/01/2054 | 4094140 |
| 2732597 | &nbsp;&nbsp;&nbsp;Pool SD5964 | 5.50% | 11/01/2053 | 2808910 |
| 5164112 | &nbsp;&nbsp;&nbsp;Pool SL0223 | 5.50% | 02/01/2055 | 5285699 |
| 7046462 | &nbsp;&nbsp;&nbsp;Series 386-C23 | 3.00 %<sup>(g)</sup> | 03/15/2052 | 1255098 |
| 403435 | &nbsp;&nbsp;&nbsp;Series 3926-HS (-1 x 30 day avg SOFR US + 6.34%, 0.00% Floor, 6.45% Cap) | 2.35 %<sup>(g)(i)</sup> | 09/15/2041 | 35387 |
| 1169774 | &nbsp;&nbsp;&nbsp;Series 4981-GF (30 day avg SOFR US + 0.51%, 0.40% Floor, 6.50% Cap) | 4.39% | 06/25/2050 | 1149184 |
| 3151783 | &nbsp;&nbsp;&nbsp;Series 5020-IH | 3.00 %<sup>(g)</sup> | 08/25/2050 | 504620 |
| 3692907 | &nbsp;&nbsp;&nbsp;Series 5031-IQ | 2.50 %<sup>(g)</sup> | 10/25/2050 | 583610 |
| 11266918 | &nbsp;&nbsp;&nbsp;Series 5038-IQ | 2.50 %<sup>(g)</sup> | 10/25/2050 | 1716482 |
| 4216286 | &nbsp;&nbsp;&nbsp;Series 5115-IB | 3.00 %<sup>(g)</sup> | 02/25/2051 | 770157 |
| 9137367 | &nbsp;&nbsp;&nbsp;Series 5142-QI | 3.00 %<sup>(g)</sup> | 09/25/2051 | 1491767 |
| 7528813 | &nbsp;&nbsp;&nbsp;Series 5181-EI | 2.50 %<sup>(g)</sup> | 05/25/2050 | 1019337 |
| 4044420 | &nbsp;&nbsp;&nbsp;Series 5524-AF (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% | 04/25/2055 | 4028778 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 3440956 | &nbsp;&nbsp;&nbsp;Series 5524-FB (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% | 04/25/2055 | 3437165 |
| 3353208 | &nbsp;&nbsp;&nbsp;Series 5527-FC (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% | 09/25/2054 | 3367338 |
| 1266608 | &nbsp;&nbsp;&nbsp;Series 5527-FD (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.50% Cap) | 5.07% | 09/25/2054 | 1271946 |
| 11165980 | &nbsp;&nbsp;&nbsp;Series 5531-AI | 3.50 %<sup>(g)</sup> | 06/25/2041 | 1387657 |
| 7981564 | &nbsp;&nbsp;&nbsp;Series 5596-FD (30 day avg SOFR US + 1.30%, 1.30% Floor, 6.00% Cap) | 5.17% | 11/25/2055 | 8008493 |
| 6291663 | &nbsp;&nbsp;&nbsp;Series 5596-FH (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.00% Cap) | 5.07% | 11/25/2055 | 6300845 |
| 5330074 | &nbsp;&nbsp;&nbsp;Series 5598-DF (30 day avg SOFR US + 1.25%, 1.25% Floor, 6.00% Cap) | 5.12% | 11/25/2055 | 5343767 |
| 2750000 | &nbsp;&nbsp;&nbsp;Series 5614-FA (30 day avg SOFR US + 1.15%, 1.15% Floor, 6.00% Cap) | 5.20% | 11/25/2054 | 2753174 |
|  | Federal National Mortgage Association |  |  |  |
| 3117695 | &nbsp;&nbsp;&nbsp;Pool CB7268 | 6.00% | 10/01/2053 | 3246605 |
| 2561293 | &nbsp;&nbsp;&nbsp;Pool CB7996 | 6.00% | 02/01/2054 | 2672200 |
| 3838918 | &nbsp;&nbsp;&nbsp;Pool CB8845 | 5.50% | 07/01/2054 | 3956871 |
| 7987467 | &nbsp;&nbsp;&nbsp;Pool CB9973 | 5.50% | 02/01/2055 | 8185974 |
| 4223726 | &nbsp;&nbsp;&nbsp;Pool FS6422 | 6.00% | 11/01/2053 | 4445492 |
| 3384256 | &nbsp;&nbsp;&nbsp;Pool FS7252 | 5.00% | 11/01/2053 | 3388526 |
| 1850330 | &nbsp;&nbsp;&nbsp;Pool FS7738 | 6.00% | 03/01/2054 | 1942323 |
| 2641457 | &nbsp;&nbsp;&nbsp;Pool FS8152 | 6.00% | 06/01/2054 | 2743688 |
| 4937056 | &nbsp;&nbsp;&nbsp;Pool MA5010 | 5.50% | 05/01/2053 | 5026749 |
| 5067869 | &nbsp;&nbsp;&nbsp;Series 2013-12-FT (30 day avg SOFR US + 0.46%, 0.35% Floor, 6.50% Cap) | 4.34% | 02/25/2043 | 4982353 |
| 6425176 | &nbsp;&nbsp;&nbsp;Series 2017-11-SK (-1 x 30 day avg SOFR US + 5.94%, 0.00% Floor, 6.05% Cap) | 2.06 %<sup>(g)(i)</sup> | 03/25/2047 | 754864 |
| 19640924 | &nbsp;&nbsp;&nbsp;Series 2019-M7-X | 0.33 %<sup>(f)(g)</sup> | 04/25/2029 | 191049 |
| 4208362 | &nbsp;&nbsp;&nbsp;Series 2020-15-ID | 3.00 %<sup>(g)</sup> | 03/25/2050 | 708811 |
| 6223694 | &nbsp;&nbsp;&nbsp;Series 2020-54-AS (-1 x 30 day avg SOFR US + 6.04%, 0.00% Floor, 6.15% Cap) | 2.16 %<sup>(g)(i)</sup> | 08/25/2050 | 761425 |
| 3429821 | &nbsp;&nbsp;&nbsp;Series 2020-84-LI | 2.50 %<sup>(g)</sup> | 12/25/2050 | 528316 |
| 4831672 | &nbsp;&nbsp;&nbsp;Series 2020-88-PI | 2.50 %<sup>(g)</sup> | 12/25/2050 | 774040 |
| 2526077 | &nbsp;&nbsp;&nbsp;Series 2021-3-QI | 2.50 %<sup>(g)</sup> | 02/25/2051 | 397856 |
| 7433831 | &nbsp;&nbsp;&nbsp;Series 2021-32-AI | 3.00 %<sup>(g)</sup> | 05/25/2046 | 954962 |
| 7131008 | &nbsp;&nbsp;&nbsp;Series 2021-42-IA | 3.00 %<sup>(g)</sup> | 02/25/2051 | 1038771 |
| 2851666 | &nbsp;&nbsp;&nbsp;Series 2022-86-IO | 2.50 %<sup>(g)</sup> | 05/25/2050 | 399222 |
| 3001200 | &nbsp;&nbsp;&nbsp;Series 2024-33-FE (30 day avg SOFR US + 1.25%, 1.25% Floor, 7.00% Cap) | 5.12% | 06/25/2054 | 3016358 |
| 2089778 | &nbsp;&nbsp;&nbsp;Series 2024-76-FD (30 day avg SOFR US + 1.25%, 1.25% Floor, 6.50% Cap) | 5.12% | 11/25/2054 | 2100032 |
| 4578638 | &nbsp;&nbsp;&nbsp;Series 2025-28-FM (30 day avg SOFR US + 1.25%, 1.25% Floor, 6.50% Cap) | 5.12% | 04/25/2055 | 4603439 |
| 10033455 | &nbsp;&nbsp;&nbsp;Series 426-C54 | 2.50 %<sup>(g)</sup> | 03/25/2052 | 1512499 |
| 5710384 | &nbsp;&nbsp;&nbsp;Series 427-C7 | 2.50 %<sup>(g)</sup> | 08/25/2035 | 446042 |
| 15399462 | &nbsp;&nbsp;&nbsp;Series 431-C10 | 2.00 %<sup>(g)</sup> | 04/25/2042 | 1507489 |
| 9927533 | &nbsp;&nbsp;&nbsp;Series 431-C34 | 1.50 %<sup>(g)</sup> | 06/25/2037 | 529555 |
| 8295682 | &nbsp;&nbsp;&nbsp;Series 434-C35 | 3.00 %<sup>(g)</sup> | 10/25/2052 | 1486075 |
| 18434826 | &nbsp;&nbsp;&nbsp;Series 437-C1 | 1.50 %<sup>(g)</sup> | 05/25/2037 | 990059 |
|  | FREMF Mortgage Trust |  |  |  |
| 639609 | &nbsp;&nbsp;&nbsp;Series 2016-KF18-B (30 day avg SOFR US + 5.61%, 5.50% Floor) | 9.62 %<sup>(a)</sup> | 05/25/2026 | 638142 |
| 700066 | &nbsp;&nbsp;&nbsp;Series 2017-KF30-B (30 day avg SOFR US + 3.36%, 3.25% Floor) | 7.37 %<sup>(a)</sup> | 03/25/2027 | 696094 |
| 1901719 | &nbsp;&nbsp;&nbsp;Series 2019-KF71-C (30 day avg SOFR US + 6.11%, 6.00% Floor) | 10.12 %<sup>(a)</sup> | 10/25/2029 | 1840941 |
|  | Government National Mortgage Association |  |  |  |
| 6631848 | &nbsp;&nbsp;&nbsp;Series 2019-128-KS (-1 x 1 mo. Term SOFR + 2.74%, 0.00% Floor, 2.85% Cap) | 0.00 %<sup>(g)(i)</sup> | 10/20/2049 | 23511 |
| 5649806 | &nbsp;&nbsp;&nbsp;Series 2020-104-SB (-1 x 1 mo. Term SOFR + 6.04%, 0.00% Floor, 6.15% Cap) | 2.30 %<sup>(g)(i)</sup> | 07/20/2050 | 751728 |
| 12286285 | &nbsp;&nbsp;&nbsp;Series 2020-115-YS (-1 x 1 mo. Term SOFR + 4.09%, 0.00% Floor, 4.20% Cap) | 0.35 %<sup>(g)(i)</sup> | 08/20/2050 | 460975 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
| 24129824 | &nbsp;&nbsp;&nbsp;Series 2020-129-SA (-1 x 1 mo. Term SOFR + 3.64%, 0.00% Floor, 3.75% Cap) | 0.00 %<sup>(g)(i)</sup> |  | 09/20/2050 | 365087 |
| 30966013 | &nbsp;&nbsp;&nbsp;Series 2020-146-IJ | 2.50 %<sup>(g)</sup> |  | 10/20/2050 | 4759659 |
| 3049034 | &nbsp;&nbsp;&nbsp;Series 2020-154-MI | 3.00 %<sup>(g)</sup> |  | 10/20/2050 | 499295 |
| 12479802 | &nbsp;&nbsp;&nbsp;Series 2020-189-SU (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(g)(i)</sup> |  | 12/20/2050 | 1811890 |
| 6914590 | &nbsp;&nbsp;&nbsp;Series 2021-1-SH (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(g)(i)</sup> |  | 01/20/2051 | 969131 |
| 4044844 | &nbsp;&nbsp;&nbsp;Series 2021-116-XI | 3.50 %<sup>(g)</sup> |  | 03/20/2051 | 750190 |
| 10305290 | &nbsp;&nbsp;&nbsp;Series 2021-193-DS (-1 x 30 day avg SOFR US + 2.60%, 0.00% Floor, 2.60% Cap) | 0.00 %<sup>(g)(i)</sup> |  | 11/20/2051 | 20670 |
| 4861388 | &nbsp;&nbsp;&nbsp;Series 2021-199-KI | 3.50 %<sup>(g)</sup> |  | 11/20/2051 | 846090 |
| 6780371 | &nbsp;&nbsp;&nbsp;Series 2021-209-IP | 3.00 %<sup>(g)</sup> |  | 11/20/2051 | 618935 |
| 65033029 | &nbsp;&nbsp;&nbsp;Series 2021-213-ES (-1 x 30 day avg SOFR US + 1.70%, 0.00% Floor, 1.70% Cap) | 0.00 %<sup>(g)(i)</sup> |  | 12/20/2051 | 43429 |
| 4907366 | &nbsp;&nbsp;&nbsp;Series 2021-221-AI | 3.50 %<sup>(g)</sup> |  | 12/20/2051 | 884268 |
| 26199660 | &nbsp;&nbsp;&nbsp;Series 2021-35-IO | 1.03 %<sup>(f)(g)</sup> |  | 12/16/2062 | 1889116 |
| 5341347 | &nbsp;&nbsp;&nbsp;Series 2021-98-KI | 3.00 %<sup>(g)</sup> |  | 06/20/2051 | 892452 |
| 2745419 | &nbsp;&nbsp;&nbsp;Series 2022-137-IO | 3.00 %<sup>(g)</sup> |  | 01/20/2052 | 360791 |
| 46108439 | &nbsp;&nbsp;&nbsp;Series 2022-192-IO | 0.67 %<sup>(f)(g)</sup> |  | 09/16/2064 | 2478264 |
| 8250800 | &nbsp;&nbsp;&nbsp;Series 2022-9-MI | 3.50 %<sup>(g)</sup> |  | 01/20/2052 | 1064483 |
| 23824524 | &nbsp;&nbsp;&nbsp;Series 2023-15-IO | 0.92 %<sup>(f)(g)</sup> |  | 08/16/2064 | 1614059 |
| 8405086 | &nbsp;&nbsp;&nbsp;Series 2023-172-IO | 1.33 %<sup>(f)(g)</sup> |  | 02/16/2066 | 771250 |
| 25599018 | &nbsp;&nbsp;&nbsp;Series 2023-33-IO | 0.93 %<sup>(f)(g)</sup> |  | 05/16/2063 | 1823344 |
| 45957310 | &nbsp;&nbsp;&nbsp;Series 2024-15-BI | 0.72 %<sup>(f)(g)</sup> |  | 10/16/2065 | 2625633 |
| 10394355 | &nbsp;&nbsp;&nbsp;Series 2024-158-IO | 1.08 %<sup>(f)(g)</sup> |  | 12/16/2065 | 814070 |
| 8472119 | &nbsp;&nbsp;&nbsp;Series 2024-170-AI | 0.76 %<sup>(f)(g)</sup> |  | 10/16/2065 | 525792 |
| 7171300 | &nbsp;&nbsp;&nbsp;Series 2024-170-IO | 1.00 %<sup>(f)(g)</sup> |  | 03/16/2066 | 531438 |
| 4828739 | &nbsp;&nbsp;&nbsp;Series 2024-174-HI | 3.00 %<sup>(g)</sup> |  | 05/20/2051 | 732512 |
| 2969960 | &nbsp;&nbsp;&nbsp;Series 2024-24-DI | 3.50 %<sup>(g)</sup> |  | 11/20/2051 | 535602 |
| 42068436 | &nbsp;&nbsp;&nbsp;Series 2024-35-IB | 0.80 %<sup>(f)(g)</sup> |  | 07/16/2065 | 2597789 |
| 3533266 | &nbsp;&nbsp;&nbsp;Series 2024-6-BI | 3.00 %<sup>(g)</sup> |  | 12/20/2051 | 545630 |
| 24961688 | &nbsp;&nbsp;&nbsp;Series 2025-202-IO | 0.72 %<sup>(f)(g)</sup> |  | 09/16/2067 | 1816095 |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2025-207-FA (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.00% Cap) | 5.34% |  | 09/20/2054 | 3006294 |
| 19541283 | &nbsp;&nbsp;&nbsp;Series 2025-36-IO | 0.84 %<sup>(f)(g)</sup> |  | 07/16/2066 | 1418871 |
| 8645145 | &nbsp;&nbsp;&nbsp;Series 2025-48-IO | 2.50 %<sup>(g)</sup> |  | 10/20/2051 | 1265309 |
| 9663438 | &nbsp;&nbsp;&nbsp;Series 2025-54-IO | 0.63 %<sup>(f)(g)</sup> |  | 08/16/2067 | 553872 |
| 20300344 | &nbsp;&nbsp;&nbsp;Series 2025-77-IO | 0.79 %<sup>(f)(g)</sup> |  | 03/16/2066 | 1422853 |
| 12696341 | &nbsp;&nbsp;&nbsp;Series 2025-81-IO | 2.50 %<sup>(g)</sup> |  | 06/20/2051 | 1782571 |
| 14084818 | &nbsp;&nbsp;&nbsp;Series 2025-92-IO | 0.55 %<sup>(f)(g)</sup> |  | 05/16/2067 | 796854 |
|  | **Total US Government and Agency Mortgage Backed Obligations (Cost $174,422,152)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $174,422,152)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $174,422,152)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $174,422,152)** | **172045246** |
| **US GOVERNMENT AND AGENCY OBLIGATIONS - 3.0%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 3.0%** |  |  |  |  |
| 6619778 | United States Treasury Inflation Indexed Bonds | 2.38% |  | 01/15/2027 | 6673169 |
| 13492557 | United States Treasury Inflation Indexed Bonds | 0.13% |  | 04/15/2027 | 13250829 |
| 6594960 | United States Treasury Inflation Indexed Bonds | 1.63% |  | 10/15/2027 | 6645973 |
| 14180000 | United States Treasury Note/Bond | 0.75% |  | 04/30/2026 | 14051141 |
|  | **Total US Government and Agency Obligations (Cost $40,643,213)** | **Total US Government and Agency Obligations (Cost $40,643,213)** | **Total US Government and Agency Obligations (Cost $40,643,213)** |  | **40621112** |
| **COMMON STOCKS - 0.0%<sup>(j)</sup>** | **COMMON STOCKS - 0.0%<sup>(j)</sup>** |  |  |  |  |
| 5652 | Altice France/Luxco 3<sup>(d)(k)</sup> |  |  |  | 101294 |
| 711 | Stichting Administratiekantoor ADR <sup>(d)(k)</sup> |  |  |  |  |
| 261 | Stichting Administratiekantoor Unigel Creditors<sup>(d)(k)</sup> |  |  |  |  |
|  | **Total Common Stocks (Cost $183,770)** |  |  |  | **101294** |
| **ESCROW NOTES - 0.0%<sup>(j)</sup>** | **ESCROW NOTES - 0.0%<sup>(j)</sup>** |  |  |  |  |
| 600000 | Credito Real SAB de CV SOFOM ER<sup>(k)</sup> |  |  |  | 5250 |
|  | **Total Escrow Notes (Cost $580,750)** |  |  |  | **5250** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **AFFILIATED MUTUAL FUNDS - 5.0%** | **AFFILIATED MUTUAL FUNDS - 5.0%** |  |  |  |
| 7143002 | DoubleLine Emerging Markets Local Currency Bond Fund - Class I |  |  | 68644246 |
|  | **Total Affiliated Mutual Funds (Cost $66,600,000)** | **Total Affiliated Mutual Funds (Cost $66,600,000)** |  | **68644246** |
| **SHORT TERM INVESTMENTS - 10.1%** | **SHORT TERM INVESTMENTS - 10.1%** |  |  |  |
| 18623688 | First American Government Obligations Fund - U | 3.69 %<sup>(l)</sup> |  | 18623688 |
| 18623688 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(l)</sup> |  | 18623688 |
| 18623689 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(l)</sup> |  | 18623689 |
| 50000000 | United States Treasury Bill | 0.00% | 03/17/2026 | 49642165 |
| 32900000 | United States Treasury Bill | 0.00% | 07/09/2026 | 32316740 |
|  | **Total Short Term Investments (Cost $137,741,376)** | **Total Short Term Investments (Cost $137,741,376)** |  | **137829970** |
|  | **Total Investments - 99.7% (Cost $1,408,237,512)** |  |  | **1358370651** |
|  | **Other Assets in Excess of Liabilities - 0.3%** |  |  | **3959713** |
|  | **NET ASSETS - 100.0%** |  |  | $**1362330364** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN** as a % of Net Assets: | |
| Non-Agency Residential Collateralized Mortgage Obligations | 18.2% |
| Collateralized Loan Obligations | 12.8% |
| US Government and Agency Mortgage Backed Obligations | 12.6% |
| Non-Agency Commercial Mortgage Backed Obligations | 11.8% |
| Short Term Investments | 10.1% |
| Bank Loans | 10.0% |
| Asset Backed Obligations | 6.1% |
| Affiliated Mutual Funds | 5.0% |
| Foreign Corporate Bonds | 4.4% |
| US Corporate Bonds | 4.1% |
| US Government and Agency Obligations | 3.0% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 1.6% |
| Common Stocks | 0.0 %<sup>(j)</sup> |
| Escrow Notes | 0.0 %<sup>(j)</sup> |
| Other Assets and Liabilities | 0.3% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **INVESTMENT BREAKDOWN** as a % of Net Assets: | |
| Non-Agency Residential Collateralized Mortgage Obligations | 18.2% |
| Collateralized Loan Obligations | 12.8% |
| US Government and Agency Mortgage Backed Obligations | 12.6% |
| Non-Agency Commercial Mortgage Backed Obligations | 11.8% |
| Short Term Investments | 10.1% |
| Asset Backed Obligations | 6.1% |
| Affiliated Mutual Funds | 5.0% |
| US Government and Agency Obligations | 3.0% |
| Energy | 1.5% |
| Electronics/Electric | 1.3% |
| Healthcare | 1.2% |
| Transportation | 1.2% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 1.1% |
| Media | 1.1% |
| Banking | 1.1% |

---

---

| | |
|:---|:---|
| Utilities | 1.0% |
| Hotels/Motels/Inns and Casinos | 0.9% |
| Commercial Services | 0.9% |
| Retailers (other than Food/Drug) | 0.7% |
| Finance | 0.7% |
| Insurance | 0.7% |
| Industrial Equipment | 0.7% |
| Telecommunications | 0.6% |
| Construction | 0.6% |
| Technology | 0.5% |
| Mining | 0.5% |
| Aerospace & Defense | 0.4% |
| Consumer Products | 0.4% |
| Food Products | 0.4% |
| Building and Development (including Steel/Metals) | 0.4% |
| Business Equipment and Services | 0.4% |
| Automotive | 0.3% |
| Chemicals/Plastics | 0.2% |
| Containers and Glass Products | 0.2% |
| Leisure | 0.2% |
| Pharmaceuticals | 0.2% |
| Real Estate | 0.2% |
| Diversified Manufacturing | 0.2% |
| IT Services | 0.2% |
| Beverage and Tobacco | 0.1% |
| Chemical Products | 0.0 %<sup>(j)</sup> |
| Pulp & Paper | 0.0 %<sup>(j)</sup> |
| Food Service | 0.0 %<sup>(j)</sup> |
| Escrow Notes | 0.0 %<sup>(j)</sup> |
| Other Assets and Liabilities | 0.3% |
| Net Assets | 100.0% |

---

**(a)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $646,647,303 or 47.5% of the Fund's net assets.** 

**(b)** **Coupon rate is variable or floats based on components including but not limited to reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of period end.** 

**(c)** **Security is in default or has failed to make a scheduled payment. Income is not being accrued.** 

**(d)** **Value determined using significant unobservable inputs.** 

**(e)** **Perpetual maturity. The date disclosed is the next call date of the security.** 

**(f)** **Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of period end.** 

**(g)** **Interest only security** 

**(h)** **Step Bond; Coupon rate changes based on a predetermined schedule or event. The interest rate shown is the rate in effect as of period end.** 

**(i)** **Inverse floating rate security whose interest rate moves in the opposite direction of reference interest rates. Reference interest rates are typically based on a negative multiplier or slope. Interest rate may also be subject to a cap or floor.** 

**(j)** **Represents less than 0.05% of net assets.** 

**(k)** **Non-income producing security.** 

**(l)** **Seven-day yield as of period end.** 

---

| | |
|:---|:---|
| **CMT** | **Constant Maturity Treasury Rate** |
| **PIK** | **A payment-in-kind security in which the issuer may make interest or dividend payments in cash or additional securities. These additional securities generally have the same terms as the original holdings.** |
| **SOFR** | **Secured Overnight Financing Rate** |

---

---

| | |
|:---|:---|
| **DoubleLine Low Duration Emerging Markets Fixed Income Fund** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **FOREIGN CORPORATE BONDS - 66.6%** | **FOREIGN CORPORATE BONDS - 66.6%** | **FOREIGN CORPORATE BONDS - 66.6%** | **FOREIGN CORPORATE BONDS - 66.6%** | **FOREIGN CORPORATE BONDS - 66.6%** |
| **BRAZIL - 11.5%** | **BRAZIL - 11.5%** | **BRAZIL - 11.5%** | **BRAZIL - 11.5%** | **BRAZIL - 11.5%** |
| 1176000 | BRF GmbH | 4.35% | 09/29/2026 | 1166032 |
| 2500000 | Cosan Luxembourg SA | 5.50% | 09/20/2029 | 2450538 |
| 105102 | Invepar Holdings | 0.00 %<sup>(a)(b)</sup> | 12/30/2028 |  |
| 1500000 | Itaú Unibanco Holding SA/Cayman Island<br> (5 yr. CMT Rate + 3.45%) | 3.88% | 04/15/2031 | 1496789 |
| 1600000 | Minerva Luxembourg SA | 5.88% | 01/19/2028 | 1599028 |
| 1596269 | MV24 Capital BV | 6.75% | 06/01/2034 | 1585542 |
| 800000 | NBM US Holdings, Inc. | 7.00% | 05/14/2026 | 801508 |
| 1600000 | NBM US Holdings, Inc. | 6.63% | 08/06/2029 | 1620744 |
| 2052023 | Prumo Participacoes e Investimentos S/A | 7.50% | 12/31/2031 | 2106801 |
| 400000 | Raizen Fuels Finance SA | 5.30% | 01/20/2027 | 386687 |
| 900000 | Ultrapar International SA | 5.25% | 10/06/2026 | 900946 |
| 200000 | Ultrapar International SA | 5.25% | 06/06/2029 | 200039 |
|  |  |  |  | 14314654 |
| **CHILE - 8.1%** |  |  |  |  |
| 200000 | Antofagasta PLC | 2.38% | 10/14/2030 | 181611 |
| 2000000 | Cencosud SA | 4.38% | 07/17/2027 | 2002003 |
| 4385212 | Chile Electricity PEC SpA | 0.00 %<sup>(c)</sup> | 01/25/2028 | 3952172 |
| 243200 | Empresa Electrica Angamos SA | 4.88% | 05/25/2029 | 222946 |
| 672800 | Empresa Electrica Cochrane SpA | 5.50% | 05/14/2027 | 668587 |
| 3060200 | GNL Quintero SA | 4.63% | 07/31/2029 | 3063560 |
|  |  |  |  | 10090879 |
| **COLOMBIA - 5.1%** |  |  |  |  |
| 2748276 | AL Candelaria Spain SA | 7.50% | 12/15/2028 | 2787137 |
| 3200000 | Banco de Bogota SA | 6.25% | 05/12/2026 | 3216022 |
| 280000 | Grupo de Inversiones Suramericana SA | 5.50% | 04/29/2026 | 279724 |
|  |  |  |  | 6282883 |
| **GUATEMALA - 3.9%** |  |  |  |  |
| 2300000 | Banco Industrial SA/Guatemala<br> (5 yr. CMT Rate + 4.44%) | 4.88% | 01/29/2031 | 2294480 |
| 1503000 | Millicom International Cellular SA | 5.13% | 01/15/2028 | 1501168 |
| 965700 | Millicom International Cellular SA | 6.25% | 03/25/2029 | 975234 |
|  |  |  |  | 4770882 |
| **INDIA - 7.5%** |  |  |  |  |
| 841500 | Adani International Container Terminal Pvt Ltd. | 3.00% | 02/16/2031 | 775902 |
| 1000000 | Adani Ports & Special Economic Zone Ltd. | 4.00% | 07/30/2027 | 982873 |
| 2400000 | Adani Transmission Step-One Ltd. | 4.00% | 08/03/2026 | 2383035 |
| 1459500 | JSW Hydro Energy Ltd. | 4.13% | 05/18/2031 | 1359177 |
| 1300000 | JSW Infrastructure Ltd. | 4.95% | 01/21/2029 | 1303901 |
| 750000 | Reliance Industries Ltd. | 3.67% | 11/30/2027 | 744107 |
| 1800000 | Wipro IT Services LLC | 1.50% | 06/23/2026 | 1776884 |
|  |  |  |  | 9325879 |
| **INDONESIA - 4.4%** |  |  |  |  |
| 400000 | Freeport Indonesia PT | 4.76 %<sup>(c)</sup> | 04/14/2027 | 402686 |
| 1100000 | Freeport Indonesia PT | 4.76% | 04/14/2027 | 1107388 |
| 2500000 | Freeport-McMoRan, Inc. | 4.13% | 03/01/2028 | 2493621 |
| 1510320 | Minejesa Capital BV | 4.63% | 08/10/2030 | 1505953 |
|  |  |  |  | 5509648 |
| **JAMAICA - 0.0%<sup>(d)</sup>** |  |  |  |  |
| 56293 | Digicel Group Holdings Ltd. | 0.00 %<sup>(b)(c)</sup> | 12/31/2030 | 376 |
| 175590 | Digicel Group Holdings Ltd. | 0.00 %<sup>(b)(c)</sup> | 12/31/2030 | 8238 |
|  |  |  |  | 8614 |
| **MALAYSIA - 0.6%** |  |  |  |  |
| 800000 | Axiata SPV2 Bhd | 4.36% | 03/24/2026 | 801727 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** | **VALUE $** |
| **MEXICO - 10.1%** |  |  |  |  |  |
| 1200000 | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santander<br> (5 yr. CMT Rate + 3.00%) | 7.53% | 10/01/2028 |  | 1288649 |
| 3400000 | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX<br> (5 yr. CMT Rate + 4.31%) | 5.88% | 09/13/2034 |  | 3396875 |
| 2200000 | Cemex SAB de CV<br> (5 yr. CMT Rate + 4.53%) | 5.13 %<sup>(e)</sup> | 06/08/2026 |  | 2201105 |
| 1000000 | Cemex SAB de CV | 5.45% | 11/19/2029 |  | 1013232 |
| 1800000 | Comision Federal de Electricidad | 4.75% | 02/23/2027 |  | 1806036 |
| 2769575 | Mexico Generadora de Energia S de RL | 5.50% | 12/06/2032 |  | 2816760 |
|  |  |  |  |  | 12522657 |
| **PARAGUAY - 0.8%** |  |  |  |  |  |
| 146667 | Rutas 2 & 7 Finance Ltd. | 0.00% | 09/30/2036 |  | 111569 |
| 874000 | Telefonica Celular del Paraguay SA | 5.88% | 04/15/2027 |  | 872453 |
|  |  |  |  |  | 984022 |
| **PERU - 6.8%** |  |  |  |  |  |
| 1800000 | Banco de Credito del Peru SA<br> (5 yr. CMT Rate + 2.45%) | 3.25 %<sup>(c)</sup> | 09/30/2031 |  | 1776284 |
| 1430000 | Banco de Credito del Peru SA<br> (5 yr. CMT Rate + 2.45%) | 3.25% | 09/30/2031 |  | 1411159 |
| 400000 | Banco Internacional del Peru SAA Interbank<br> (5 yr. CMT Rate + 2.07%) | 6.40% | 04/30/2035 |  | 420500 |
| 1400000 | InRetail Consumer | 3.25% | 03/22/2028 |  | 1368375 |
| 1700000 | Intercorp Financial Services, Inc. | 4.13% | 10/19/2027 |  | 1696834 |
| 1835352 | Lima Metro Line 2 Finance Ltd. | 4.35% | 04/05/2036 |  | 1795912 |
|  |  |  |  |  | 8469064 |
| **SINGAPORE - 6.0%** |  |  |  |  |  |
| 2500000 | DBS Group Holdings Ltd.<br> (5 yr. CMT Rate + 1.10%) | 1.82% | 03/10/2031 |  | 2484287 |
| 2100000 | Oversea-Chinese Banking Corp. Ltd.<br> (5 yr. CMT Rate + 1.58%) | 4.60% | 06/15/2032 |  | 2108873 |
| 2500000 | United Overseas Bank Ltd.<br> (5 yr. CMT Rate + 1.52%) | 1.75% | 03/16/2031 |  | 2487512 |
| 300000 | United Overseas Bank Ltd.<br> (5 yr. CMT Rate + 1.23%) | 2.00% | 10/14/2031 |  | 294632 |
|  |  |  |  |  | 7375304 |
| **SOUTH AFRICA - 1.0%** | **SOUTH AFRICA - 1.0%** |  |  |  |  |
| 1100000 | AngloGold Ashanti Holdings PLC | 3.38% | 11/01/2028 |  | 1067647 |
| 200000 | Gold Fields Orogen Holdings BVI Ltd. | 6.13% | 05/15/2029 |  | 210349 |
|  |  |  |  |  | 1277996 |
| **UNITED ARAB EMIRATES - 0.3%** | **UNITED ARAB EMIRATES - 0.3%** |  |  |  |  |
| 349595 | Galaxy Pipeline Assets Bidco Ltd. | 2.16% | 03/31/2034 |  | 316939 |
| **VIETNAM - 0.5%** |  |  |  |  |  |
| 579381 | Mong Duong Finance Holdings BV | 5.13% | 05/07/2029 |  | 573509 |
|  | **Total Foreign Corporate Bonds (Cost $81,903,410)** | **Total Foreign Corporate Bonds (Cost $81,903,410)** |  |  | **82624657** |
| **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 30.4%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 30.4%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 30.4%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 30.4%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 30.4%** |  |
| **BRAZIL - 2.6%** |  |  |  |  |  |
| 200000 | Brazilian Government International Bond | 4.50% | 05/30/2029 |  | 198650 |
| 1100000 | Petrobras Global Finance BV | 7.38% | 01/17/2027 |  | 1137436 |
| 1750000 | Petrobras Global Finance BV | 6.00% | 01/27/2028 |  | 1784477 |
| 150000 | Petrobras Global Finance BV | 5.13% | 09/10/2030 |  | 147177 |
|  |  |  |  |  | 3267740 |
| **CHILE - 1.5%** |  |  |  |  |  |
| 1521500 | Chile Electricity Lux MPC Sarl | 6.01% | 01/20/2033 |  | 1600483 |
| 300000 | Corp. Nacional del Cobre de Chile | 3.63% | 08/01/2027 |  | 297158 |
|  |  |  |  |  | 1897641 |
| **COLOMBIA - 1.6%** |  |  |  |  |  |
| 2000000 | Oleoducto Central SA | 4.00% | 07/14/2027 |  | 1974802 |
| **DOMINICAN REPUBLIC - 0.8%** | **DOMINICAN REPUBLIC - 0.8%** |  |  |  |  |
| 1000000 | Dominican Republic International Bond | 5.50% | 02/22/2029 |  | 1014600 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **GUATEMALA - 2.7%** | **GUATEMALA - 2.7%** |  |  |  |
| 2900000 | Guatemala Government Bond | 4.50% | 05/03/2026 | 2900000 |
| 500000 | Guatemala Government Bond | 5.25% | 08/10/2029 | 507375 |
|  |  |  |  | 3407375 |
| **INDIA - 3.2%** |  |  |  |  |
| 1500000 | BPRL International Singapore Pte Ltd. | 4.38% | 01/18/2027 | 1501073 |
| 2500000 | ONGC Videsh Vankorneft Pte Ltd. | 3.75% | 07/27/2026 | 2492633 |
|  |  |  |  | 3993706 |
| **INDONESIA - 6.7%** |  |  |  |  |
| 2824000 | Bank Negara Indonesia Persero Tbk PT | 3.75% | 03/30/2026 | 2809842 |
| 3200000 | Pertamina Persero PT | 1.40% | 02/09/2026 | 3188173 |
| 2300000 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | 4.13% | 05/15/2027 | 2296303 |
|  |  |  |  | 8294318 |
| **MALAYSIA - 2.2%** |  |  |  |  |
| 1300000 | MISC Capital Two Labuan Ltd. | 3.75% | 04/06/2027 | 1292156 |
| 1400000 | TNB Global Ventures Capital Bhd | 3.24% | 10/19/2026 | 1391702 |
|  |  |  |  | 2683858 |
| **MEXICO - 3.2%** |  |  |  |  |
| 750000 | Banco Nacional de Comercio Exterior SNC/Cayman Islands | 5.88 %<sup>(c)</sup> | 05/07/2030 | 777150 |
| 1500000 | Banco Nacional de Comercio Exterior SNC/Cayman Islands (5 yr. CMT Rate + 2.00%) | 2.72% | 08/11/2031 | 1477770 |
| 1200000 | Comision Federal de Electricidad | 4.69% | 05/15/2029 | 1189488 |
| 500000 | Mexico Government International Bond | 5.00% | 05/07/2029 | 509000 |
|  |  |  |  | 3953408 |
| **MOROCCO - 1.4%** |  |  |  |  |
| 600000 | Morocco Government International Bond | 2.38% | 12/15/2027 | 576291 |
| 1100000 | OCP SA | 6.10% | 04/30/2030 | 1150297 |
|  |  |  |  | 1726588 |
| **PARAGUAY - 3.4%** |  |  |  |  |
| 3066480 | Bioceanico Sovereign Certificate Ltd. | 0.00% | 06/05/2034 | 2515280 |
| 297000 | Paraguay Government International Bond | 5.00% | 04/15/2026 | 298485 |
| 143000 | Paraguay Government International Bond | 4.70% | 03/27/2027 | 144215 |
| 1200000 | Paraguay Government International Bond | 4.95% | 04/28/2031 | 1220100 |
|  |  |  |  | 4178080 |
| **PERU - 1.1%** |  |  |  |  |
| 1257976 | Lima Metro Line 2 Finance Ltd. | 5.88% | 07/05/2034 | 1309693 |
|  | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $36,982,551)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $36,982,551)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $36,982,551)** | **37701809** |
| **SHORT TERM INVESTMENTS - 2.2%** | **SHORT TERM INVESTMENTS - 2.2%** |  |  |  |
| 891092 | First American Government Obligations Fund - U | 3.69 %<sup>(f)</sup> |  | 891092 |
| 891091 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(f)</sup> |  | 891091 |
| 891091 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(f)</sup> |  | 891091 |
|  | **Total Short Term Investments (Cost $2,673,274)** | **Total Short Term Investments (Cost $2,673,274)** |  | **2673274** |
|  | **Total Investments - 99.2% (Cost $121,559,235)** | **Total Investments - 99.2% (Cost $121,559,235)** |  | **122999740** |
|  | **Other Assets in Excess of Liabilities - 0.8%** |  |  | **987403** |
|  | **NET ASSETS - 100.0%** |  |  | $**123987143** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN** as a % of Net Assets: | |
| Foreign Corporate Bonds | 66.6% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 30.4% |
| Short Term Investments | 2.2% |
| Other Assets and Liabilities | 0.8% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **INVESTMENT BREAKDOWN** as a % of Net Assets: | |
| Banking | 20.9% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 16.0% |
| Transportation | 15.4% |
| Utilities | 15.3% |
| Energy | 8.3% |
| Consumer Products | 5.5% |
| Mining | 4.4% |
| Telecommunications | 3.4% |
| Retailers (other than Food/Drug) | 2.7% |
| Building and Development (including Steel/Metals) | 2.6% |
| Short Term Investments | 2.2% |
| Technology | 1.4% |
| Food Products | 0.9% |
| Finance | 0.2% |
| Other Assets and Liabilities | 0.8% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **COUNTRY BREAKDOWN** as a % of Net Assets: | |
| Brazil | 14.1% |
| Mexico | 13.3% |
| Indonesia | 11.1% |
| India | 10.7% |
| Chile | 9.6% |
| Peru | 7.9% |
| Colombia | 6.7% |
| Guatemala | 6.6% |
| Singapore | 6.0% |
| Paraguay | 4.2% |
| Malaysia | 2.8% |
| United States | 2.2% |
| Morocco | 1.4% |
| South Africa | 1.0% |
| Dominican Republic | 0.8% |
| Vietnam | 0.5% |
| United Arab Emirates | 0.3% |
| Jamaica | 0.0 %<sup>(d)</sup> |
| Other Assets and Liabilities | 0.8% |
| Net Assets | 100.0% |

---

**(a)** **Security is in default or has failed to make a scheduled payment. Income is not being accrued.** 

**(b)** **Value determined using significant unobservable inputs.** 

**(c)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $6,916,906 or 5.6% of the Fund's net assets.** 

**(d)** **Represents less than 0.05% of net assets.** 

**(e)** **Perpetual maturity. The date disclosed is the next call date of the security.** 

**(f)** **Seven-day yield as of period end.** 

---

| | |
|:---|:---|
| **CMT** | **Constant Maturity Treasury Rate** |

---

---

| | |
|:---|:---|
| **DoubleLine Long Duration Total Return Bond Fund** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
| **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 97.8%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 97.8%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 97.8%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 97.8%** |  |  |
|  | Fannie Mae or Freddie Mac |  |  |  |  |
| 730000 | TBA | 2.50 %<sup>(g)</sup> |  | 01/15/2047 | 617249 |
|  | Federal Home Loan Mortgage Corp. |  |  |  |  |
| 1217605 | &nbsp;&nbsp;Pool QD7052 | 3.00% |  | 02/01/2052 | 1088505 |
| 1740245 | &nbsp;&nbsp;Pool RA3722 | 2.50% |  | 10/01/2050 | 1504351 |
| 1385630 | &nbsp;&nbsp;Pool SD7512 | 3.00% |  | 02/01/2050 | 1253359 |
| 1403767 | &nbsp;&nbsp;Pool SD7553 | 3.00% |  | 03/01/2052 | 1264537 |
| 1061513 | &nbsp;&nbsp;Series 4460-KB | 3.50% |  | 03/15/2045 | 978679 |
| 2000000 | &nbsp;&nbsp;Series 4994-AV | 2.00% |  | 12/25/2045 | 1639944 |
| 2164959 | &nbsp;&nbsp;Series 5042-PZ | 2.00 %<sup>(a)</sup> |  | 11/25/2050 | 1084089 |
| 1352421 | &nbsp;&nbsp;Series 5145-HZ | 3.00 %<sup>(a)</sup> |  | 09/25/2051 | 812416 |
| 1985954 | &nbsp;&nbsp;Series 5155-JZ | 3.00 %<sup>(a)</sup> |  | 10/25/2051 | 1161685 |
| 1808841 | &nbsp;&nbsp;Series 5155-KZ | 3.00 %<sup>(a)</sup> |  | 10/25/2051 | 1107738 |
| 1613939 | &nbsp;&nbsp;Series 5160-ZY | 3.00 %<sup>(a)</sup> |  | 10/25/2050 | 1178018 |
| 1910203 | &nbsp;&nbsp;Series 5171-Z | 2.00 %<sup>(a)</sup> |  | 12/25/2051 | 1063091 |
| 317695 | &nbsp;&nbsp;Series 5326-UO | 0.00 %<sup>(b)</sup> |  | 10/25/2050 | 214875 |
|  | Federal National Mortgage Association |  |  |  |  |
| 1381699 | &nbsp;&nbsp;Pool 310233 | 3.50% |  | 03/01/2044 | 1317352 |
| 1489082 | &nbsp;&nbsp;Pool BU5836 | 2.00% |  | 11/01/2051 | 1225960 |
| 1359071 | &nbsp;&nbsp;Pool BV4138 | 2.50% |  | 03/01/2052 | 1166487 |
| 1415250 | &nbsp;&nbsp;Pool BV9867 | 3.00% |  | 05/01/2052 | 1253946 |
| 1028241 | &nbsp;&nbsp;Pool BZ0782 | 5.76% |  | 04/01/2054 | 1065712 |
| 1028241 | &nbsp;&nbsp;Pool BZ0785 | 5.76% |  | 04/01/2054 | 1070975 |
| 1274805 | &nbsp;&nbsp;Pool FA3145 | 2.50% |  | 03/01/2052 | 1088741 |
| 1189933 | &nbsp;&nbsp;Pool FM8691 | 2.50% |  | 09/01/2051 | 1027812 |
| 1860345 | &nbsp;&nbsp;Pool FS0176 | 2.50% |  | 01/01/2052 | 1591880 |
| 1349235 | &nbsp;&nbsp;Pool FS3826 | 3.00% |  | 01/01/2052 | 1195424 |
| 1332055 | &nbsp;&nbsp;Pool FS5984 | 3.00% |  | 12/01/2050 | 1207124 |
| 1186246 | &nbsp;&nbsp;Pool FS7149 | 2.50% |  | 03/01/2052 | 1020245 |
| 1354779 | &nbsp;&nbsp;Pool FS8304 | 3.00% |  | 05/01/2052 | 1221837 |
| 1260000 | &nbsp;&nbsp;Series 2012-128-UC | 2.50% |  | 11/25/2042 | 973263 |
| 675703 | &nbsp;&nbsp;Series 2013-66-ZK | 3.00 %<sup>(a)</sup> |  | 07/25/2043 | 513923 |
| 1631369 | &nbsp;&nbsp;Series 2014-42-BZ | 3.00 %<sup>(a)</sup> |  | 07/25/2044 | 1480931 |
| 357614 | &nbsp;&nbsp;Series 2014-68-TD | 3.00% |  | 11/25/2044 | 325612 |
| 487699 | &nbsp;&nbsp;Series 2014-80-KL | 2.00% |  | 05/25/2043 | 334105 |
| 617023 | &nbsp;&nbsp;Series 2016-64-SA (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(c)(d)</sup> |  | 09/25/2046 | 68660 |
| 187428 | &nbsp;&nbsp;Series 2018-21-PO | 0.00 %<sup>(b)</sup> |  | 04/25/2048 | 136591 |
| 2916246 | &nbsp;&nbsp;Series 2019-68-ZL | 2.50 %<sup>(a)</sup> |  | 11/25/2049 | 2314755 |
| 1507144 | &nbsp;&nbsp;Series 2021-17-SB (-1 x 30 day avg SOFR US + 3.30%, 0.00% Floor, 3.30% Cap) | 0.00 %<sup>(c)(d)</sup> |  | 04/25/2051 | 19399 |
| 1877729 | &nbsp;&nbsp;Series 2021-93-Z | 3.00 %<sup>(a)</sup> |  | 08/25/2051 | 1278656 |
| 3178000 | &nbsp;&nbsp;Series 2023-M1-2A2 | 3.95 %<sup>(e)</sup> |  | 07/25/2040 | 2928051 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust |  |  |  |  |
| 1005000 | &nbsp;&nbsp;Series 2021-2-MBU | 2.50% |  | 11/25/2060 | 705467 |
|  | Government National Mortgage Association |  |  |  |  |
| 201222 | &nbsp;&nbsp;Series 2013-180-LO | 0.00 %<sup>(b)</sup> |  | 11/16/2043 | 159370 |
| 3595349 | &nbsp;&nbsp;Series 2015-79-VZ | 2.50% |  | 05/20/2045 | 3240574 |
| 363728 | &nbsp;&nbsp;Series 2016-12-MZ | 3.00 %<sup>(a)</sup> |  | 01/20/2046 | 297967 |
| 1241265 | &nbsp;&nbsp;Series 2017-122-CZ | 3.00 %<sup>(a)</sup> |  | 08/20/2047 | 990904 |
| 1386079 | &nbsp;&nbsp;Series 2021-105-JS (-1 x 30 day avg SOFR US + 3.65%, 0.00% Floor, 3.65% Cap) | 0.00 %<sup>(c)(d)</sup> |  | 06/20/2051 | 32052 |
| 644482 | &nbsp;&nbsp;Series 2021-42-SB (-1 x 1 mo. Term SOFR + 6.24%, 0.00% Floor, 6.35% Cap) | 2.50 %<sup>(c)(d)</sup> |  | 03/20/2051 | 90497 |
| 1475927 | &nbsp;&nbsp;Series 2021-89-SA (-1 x 1 mo. Term SOFR + 3.64%, 0.00% Floor, 3.75% Cap) | 0.00 %<sup>(c)(d)</sup> |  | 05/20/2051 | 36057 |
| 394069 | &nbsp;&nbsp;Series 2022-160-DZ | 4.50 %<sup>(a)</sup> |  | 09/20/2052 | 294598 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
| 7700318 | &nbsp;&nbsp;Series 2022-85-SA (-1 x 30 day avg SOFR US + 2.60%, 0.00% Floor, 2.60% Cap) | 0.00 %<sup>(c)(d)</sup> |  | 05/20/2052 | 10286 |
| 1875801 | &nbsp;&nbsp;Series 2022-9-MZ | 3.50 %<sup>(a)</sup> |  | 01/20/2052 | 1433683 |
| 1052000 | &nbsp;&nbsp;Series 2022-99-QG | 3.50% |  | 01/20/2052 | 913332 |
| 827483 | &nbsp;&nbsp;Series 2023-140-PO | 0.00 %<sup>(b)</sup> |  | 06/20/2048 | 563849 |
| 1415633 | &nbsp;&nbsp;Series 2025-1-GZ | 3.50 %<sup>(a)</sup> |  | 01/20/2055 | 1121089 |
| 1788135 | &nbsp;&nbsp;Series 2025-110-KZ | 1.25 %<sup>(a)</sup> |  | 06/20/2051 | 1105823 |
| 1630883 | &nbsp;&nbsp;Series 2025-121-ZB | 2.50 %<sup>(a)</sup> |  | 08/20/2050 | 1081878 |
|  | **Total US Government and Agency Mortgage Backed Obligations (Cost $55,424,236)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $55,424,236)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $55,424,236)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $55,424,236)** | **52873403** |
| **SHORT TERM INVESTMENTS - 2.0%** | **SHORT TERM INVESTMENTS - 2.0%** | **SHORT TERM INVESTMENTS - 2.0%** | **SHORT TERM INVESTMENTS - 2.0%** |  |  |
| 352743 | First American Government Obligations Fund - U | 3.69 %<sup>(f)</sup> |  |  | 352743 |
| 352743 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(f)</sup> |  |  | 352743 |
| 352743 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(f)</sup> |  |  | 352743 |
|  | **Total Short Term Investments (Cost $1,058,229)** |  |  |  | **1058229** |
|  | **Total Investments - 99.8% (Cost $56,482,465)** |  |  |  | **53931632** |
|  | **Other Assets in Excess of Liabilities - 0.2%** |  |  |  | **84901** |
|  | **NET ASSETS - 100.0%** |  |  |  | $**54016533** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN as a % of Net Assets:** | |
| US Government and Agency Mortgage Backed Obligations | 97.8% |
| Short Term Investments | 2.0% |
| Other Assets and Liabilities | 0.2% |
| Net Assets | 100.0% |

---

**(a)** **This security accrues interest which is added to the outstanding principal balance. The interest payment will be deferred until all other tranches in the structure are paid off. The rate disclosed is as of period end.** 

**(b)** **Principal only security** 

**(c)** **Interest only security** 

**(d)** **Inverse floating rate security whose interest rate moves in the opposite direction of reference interest rates. Reference interest rates are typically based on a negative multiplier or slope. Interest rate may also be subject to a cap or floor.** 

**(e)** **Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of period end.** 

**(f)** **Seven-day yield as of period end.** 

**(g)** **Represents or includes a TBA transaction.** 

---

| | |
|:---|:---|
| **SOFR** | **Secured Overnight Financing Rate** |
| **TBA** | **To Be Announced** |

---

**Futures Contracts**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Long/ Short** | **Contract Quantity** | **Expiration<br> Date** | **Notional <br> Amount<sup>(1)</sup>** | **Unrealized<br> Appreciation<br> (Depreciation)/ Value** |
| 10 Year U.S. Ultra Treasury Notes | Short | (159) | 3/20/2026 | $(18356359) | $68875 |
| U.S. Treasury 2 Year Notes | Short | (49) | 3/31/2026 | (10228087) | (2577) |
| U.S. Treasury 5 Year Note | Long | 77 | 3/31/2026 | 8424463 | (8003) |
| U.S. Treasury Long Bonds | Long | 39 | 3/20/2026 | 4535637 | (27480) |
| U.S. Treasury Ultra Bonds | Long | 147 | 3/20/2026 | 17619289 | (273289) |
|  |  |  |  |  | $(242474) |

---

**(1)** **Notional Amount is determined based on the number of contracts multiplied by the contract size and the quoted daily settlement price in US dollars.** 

---

| | |
|:---|:---|
| **DoubleLine Strategic Commodity Fund** | (Unaudited) |
| **Schedule of Investments (Consolidated)** | December 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **SHORT TERM INVESTMENTS - 100.6%** | **SHORT TERM INVESTMENTS - 100.6%** |  |  |  |
| 1393868 | First American Government Obligations Fund - U | 3.69 %<sup>(a)(b)</sup> |  | 1393868 |
| 1393869 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(a)(b)</sup> |  | 1393869 |
| 1393869 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(a)(b)</sup> |  | 1393869 |
| 64000000 | United States Treasury Bill | 0.00 %<sup>(a)(c)</sup> | 03/03/2026 | 63622787 |
|  | **Total Short Term Investments (Cost $67,773,361)** |  |  | **67804393** |
|  | **Total Investments - 100.6% (Cost $67,773,361)** |  |  | **67804393** |
|  | **Other Liabilities in Excess of Assets - (0.6)%** |  |  | **(432744)** |
|  | **NET ASSETS - 100.0%** |  |  | $**67371649** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN** as a % of Net Assets: | |
| Short Term Investments | 100.6% |
| Other Assets and Liabilities | (0.6)% |
| Net Assets | 100.0% |

---

**(a)** **All or a portion of this security is owned by DoubleLine Strategic Commodity Ltd., which is a wholly owned subsidiary of the DoubleLine Strategic Commodity Fund.** 

**(b)** **Seven-day yield as of period end.** 

**(c)** **All or a portion of security has been pledged as collateral.** 

**SWAP AGREEMENTS**

**EXCESS RETURN SWAPS**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Counterparty** | **Long/Short** | **Financing Rate** | **Payment Frequency** | **Termination Date** | **Notional Amount** | **Value** | **Upfront Premiums Paid/(Received)** | **Unrealized Appreciation (Depreciation)** |
| Commodity Beta Basket Swap <sup>(1)(2)</sup> | Barclays Capital, Inc. | Long | 0.20% | Termination | 01/02/2026 | $21300000 | $223147 | $— | $223147 |
| Commodity Beta Basket Swap <sup>(1)(2)</sup> | Canadian Imperial Bank of Commerce | Long | 0.21% | Termination | 01/02/2026 | 20500000 | 214597 |  | 214597 |
| Commodity Beta Basket Swap <sup>(1)(2)</sup> | Bank of America Merrill Lynch | Long | 0.23% | Termination | 01/02/2026 | 20500000 | 214260 |  | 214260 |
| Short Commodity Basket Swap <sup>(1)(3)</sup> | Bank of America Merrill Lynch | Short | 0.00% | Termination | 01/02/2026 | (1800000) | 50004 |  | 50004 |
| Short Commodity Basket Swap <sup>(1)(4)</sup> | Canadian Imperial Bank of Commerce | Short | 0.00% | Termination | 01/02/2026 | (1600000) | 44449 |  | 44449 |
| Long Commodity Basket Swap <sup>(1)(5)</sup> | Canadian Imperial Bank of Commerce | Long | 0.20% | Termination | 01/02/2026 | 1600000 | (114046) |  | (114046) |
| Long Commodity Basket Swap <sup>(1)(6)</sup> | Bank of America Merrill Lynch | Long | 0.20% | Termination | 01/02/2026 | 1800000 | (128301) |  | (128301) |
|  |  |  |  |  |  |  | $504110 | $— | $504110 |

---

(1) All or a portion of this security is owned by DoubleLine Strategic Commodity Ltd., which is a wholly-owned subsidiary of the DoubleLine Strategic Commodity Fund.

(2) Commodity Beta Basket Swap represents a swap on a basket of commodity indices designed to approximate the broad commodity market. At December 31, 2025, all constituents and their weightings were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Index** | **Ticker** | **Contract Value <sup>(7)</sup>** | **Value of Index** | **Weightings** |
| Electrolytic Copper Future | LP1 | 0.20 | $174 | 26.5% |
| Soybean Future | S 1 | 0.38 | 122 | 18.6% |
| Nickel Future | LN1 | 0.30 | 85 | 12.9% |
| Brent Crude Future | CO1 | 0.09 | 53 | 8.1% |
| Crude Oil Future | CL1 | 0.09 | 53 | 8.1% |
| Live Cattle Future | LC1 | 0.15 | 38 | 5.8% |
| Low Sulphur Gas Oil Future | QS1 | 0.08 | 33 | 5.0% |
| Gasoline RBOB Future | XB1 | 0.05 | 30 | 4.5% |
| Sugar No. 11 Future | SB1 | 0.18 | 26 | 4.0% |
| Cotton No. 2 Future | CT1 | 0.46 | 23 | 3.5% |
| NY Harbor ULSD Heating Oil Future | HO1 | 0.07 | 20 | 3.0% |
|  |  |  | $657 | 100.0% |

---

(3) Short Commodity Basket Swap represents a swap on a basket of commodity sub-indices of the S&P GSCI index. At December 31, 2025, all constituents and their weightings were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Sub-Index** | **Ticker** | **Contract Value <sup>(7)</sup>** | **Value of Index** | **Weightings** |
| S&P GSCI 2 Month Forward Cotton Index ER | SG2MCTP | 0.97 | $34 | 20.5% |
| S&P GSCI 2 Month Forward Corn Index ER | SG2MCNP | 1.35 | 34 | 20.4% |
| S&P GSCI 2 Month Forward Kansas Wheat Index ER | SG2MKWP | 1.73 | 33 | 20.2% |
| S&P GSCI 2 Month Forward Wheat Index ER | SG2MWHP | 4.78 | 33 | 19.7% |
| S&P GSCI 2 Month Forward Unleaded Gas Index ER | SG2MHUP | 0.02 | 32 | 19.2% |
|  |  |  | $166 | 100.0% |

---

(4) Short Commodity Basket Swap represents a swap on a basket of commodity sub-indices of the S&P GSCI index. At December 31, 2025, all constituents and their weightings were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Sub-Index** | **Ticker** | **Contract Value <sup>(7)</sup>** | **Value of Index** | **Weightings** |
| S&P GSCI 2 Month Forward Cotton Index ER | SG2MCTP | 1.06 | $37 | 20.5% |
| S&P GSCI 2 Month Forward Corn Index ER | SG2MCNP | 1.48 | 37 | 20.4% |
| S&P GSCI 2 Month Forward Kansas Wheat Index ER | SG2MKWP | 1.89 | 36 | 20.2% |
| S&P GSCI 2 Month Forward Wheat Index ER | SG2MWHP | 5.23 | 36 | 19.6% |
| S&P GSCI 2 Month Forward Unleaded Gas Index ER | SG2MHUP | 0.03 | 35 | 19.3% |
|  |  |  | $181 | 100.0% |

---

(5) Long Commodity Basket Swap represents a swap on a basket of commodity sub-indices of the S&P GSCI index. At December 31, 2025, all constituents and their weightings were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Sub-Index** | **Ticker** | **Contract Value <sup>(7)</sup>** | **Value of Index** | **Weightings** |
| S&P GSCI 2 Month Forward Zinc Index ER | SG2MIZP | 0.17 | $28 | 21.8% |
| S&P GSCI 2 Month Forward GasOil Index ER | SG2MGOP | 0.22 | 27 | 20.3% |
| S&P GSCI 2 Month Forward Heating Oil Index ER | SG2MHOP | 0.05 | 26 | 20.1% |
| S&P GSCI 2 Month Forward Coffee Index ER | SG2MKCP | 0.87 | 26 | 19.8% |
| S&P GSCI 2 Month Forward Natural Gas Index ER | SG2MNGP | 6.91 | 24 | 18.0% |
|  |  |  | $131 | 100.0% |

---

(6) Long Commodity Basket Swap represents a swap on a basket of commodity sub-indices of the S&P GSCI index. At December 31, 2025, all constituents and their weightings were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Sub-Index** | **Ticker** | **Contract Value <sup>(7)</sup>** | **Value of Index** | **Weightings** |
| S&P GSCI 2 Month Forward Zinc Index ER | SG2MIZP | 0.22 | $37 | 21.8% |
| S&P GSCI 2 Month Forward GasOil Index ER | SG2MGOP | 0.29 | 35 | 20.3% |
| S&P GSCI 2 Month Forward Heating Oil Index ER | SG2MHOP | 0.07 | 34 | 20.0% |
| S&P GSCI 2 Month Forward Coffee Index ER | SG2MKCP | 1.14 | 34 | 19.8% |
| S&P GSCI 2 Month Forward Natural Gas Index ER | SG2MNGP | 9.01 | 31 | 18.1% |
|  |  |  | $171 | 100.0% |

---

(7) Contract value represents the number of units of the underlying constituent's index in one unit of the custom basket index at creation. The contract value is calculated by multiplying each constituent's weight by the starting price of the custom basket index and dividing by the starting price of the constituent's index. The contract value will differ depending on the date the swap is initiated.

---

| | |
|:---|:---|
| **DoubleLine Global Bond Fund** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 53.8%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 53.8%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 53.8%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 53.8%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 53.8%** |
| **AUSTRALIA - 2.0%** | **AUSTRALIA - 2.0%** | **AUSTRALIA - 2.0%** | **AUSTRALIA - 2.0%** | **AUSTRALIA - 2.0%** |
| 3,117,000 AUD | Australia Government Bond | 1.50% | 06/21/2031 | 1794616 |
| 5,500,000 AUD | Australia Government Bond | 2.75% | 06/21/2035 | 3121705 |
|  |  |  |  | 4916321 |
| **BELGIUM - 2.5%** |  |  |  |  |
| 1,726,000 EUR | Kingdom of Belgium Government Bond | 0.90 %<sup>(a)</sup> | 06/22/2029 | 1924878 |
| 3,800,000 EUR | Kingdom of Belgium Government Bond | 2.85 %<sup>(a)</sup> | 10/22/2034 | 4335102 |
|  |  |  |  | 6259980 |
| **CANADA - 1.7%** |  |  |  |  |
| 2,760,000 CAD | Canadian Government Bond | 1.50% | 06/01/2031 | 1856409 |
| 1,970,000 CAD | Canadian Government Bond | 3.25% | 12/01/2034 | 1424802 |
| 1,460,000 CAD | Canadian Government Bond | 3.25% | 06/01/2035 | 1052376 |
|  |  |  |  | 4333587 |
| **CZECH REPUBLIC - 3.0%** | **CZECH REPUBLIC - 3.0%** |  |  |  |
| 29,600,000 CZK | Czech Republic Government Bond | 2.75% | 07/23/2029 | 1387157 |
| 112,600,000 CZK | Czech Republic Government Bond | 6.20% | 06/16/2031 | 6024148 |
|  |  |  |  | 7411305 |
| **FRANCE - 5.0%** |  |  |  |  |
| 1,800,000 EUR | French Republic Government Bond OAT | 0.50 %<sup>(a)</sup> | 05/25/2029 | 1976409 |
| 660,000 EUR | French Republic Government Bond OAT | 0.00 %<sup>(a)</sup> | 11/25/2029 | 701167 |
| 5,864,772 EUR | French Republic Government Bond OAT | 0.70 %<sup>(a)</sup> | 07/25/2030 | 6826125 |
| 2,700,000 EUR | French Republic Government Bond OAT | 1.50 %<sup>(a)</sup> | 05/25/2031 | 2956834 |
|  |  |  |  | 12460535 |
| **GERMANY - 7.8%** |  |  |  |  |
| 7,190,000 EUR | Bundesrepublik Deutschland Bundesanleihe | 0.00% | 08/15/2030 | 7577872 |
| 5,600,000 EUR | Bundesrepublik Deutschland Bundesanleihe | 0.00% | 02/15/2031 | 5815493 |
| 5,600,000 EUR | Bundesrepublik Deutschland Bundesanleihe | 1.70% | 08/15/2032 | 6228937 |
|  |  |  |  | 19622302 |
| **HUNGARY - 1.3%** |  |  |  |  |
| 1,039,000,000 HUF | Hungary Government Bond | 7.00% | 10/24/2035 | 3221615 |
| **IRELAND - 1.6%** |  |  |  |  |
| 680,000 EUR | Ireland Government Bond | 0.90% | 05/15/2028 | 776215 |
| 2,910,000 EUR | Ireland Government Bond | 1.10% | 05/15/2029 | 3284488 |
|  |  |  |  | 4060703 |
| **JAPAN - 7.2%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;361,000,000 JPY | Japan Government Ten Year Bond | 0.10% | 12/20/2026 | 2287323 |
| 812,500,000 JPY | Japan Government Ten Year Bond | 0.10% | 12/20/2027 | 5084203 |
| 500,000,000 JPY | Japan Government Twenty Year Bond | 1.90% | 03/20/2031 | 3244287 |
| 910,000,000 JPY | Japan Government Twenty Year Bond | 0.50% | 03/20/2038 | 4695464 |
| 560,000,000 JPY | Japan Government Twenty Year Bond | 0.30% | 09/20/2039 | 2675113 |
|  |  |  |  | 17986390 |
| **MEXICO - 3.0%** |  |  |  |  |
| 20,300,000 MXN | Mexican Bonos | 5.75% | 03/05/2026 | 1123373 |
| 26,000,000 MXN | Mexican Bonos | 8.50% | 02/28/2030 | 1448504 |
| 93,000,000 MXN | Mexican Bonos | 7.75% | 05/29/2031 | 4979572 |
|  |  |  |  | 7551449 |
| **NEW ZEALAND - 1.2%** |  |  |  |  |
| 2,180,000 NZD | New Zealand Government Bond | 1.50% | 05/15/2031 | 1110909 |
| 3,100,000 NZD | New Zealand Government Bond | 4.50% | 05/15/2035 | 1798650 |
|  |  |  |  | 2909559 |
| **PERU - 2.8%** |  |  |  |  |
| 13,900,000 PEN | Peru Government Bond | 6.15% | 08/12/2032 | 4463821 |
| 8,400,000 PEN | Peru Government Bond | 5.40% | 08/12/2034 | 2491390 |
|  |  |  |  | 6955211 |
| **POLAND - 1.5%** |  |  |  |  |
| 14,000,000 PLN | Republic of Poland Government Bond | 5.00% | 10/25/2035 | 3858940 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **PORTUGAL - 2.0%** |  |  |  |  |
| 4,670,000 EUR | Portugal Obrigacoes do Tesouro OT | 0.48 %<sup>(a)</sup> | 10/18/2030 | 4998516 |
| **SOUTH AFRICA - 2.7%** |  |  |  |  |
| 55,470,000 ZAR | Republic of South Africa Government Bond | 8.88% | 02/28/2035 | 3490206 |
| 45,300,000 ZAR | Republic of South Africa Government Bond | 10.88% | 03/31/2038 | 3162493 |
|  |  |  |  | 6652699 |
| **SPAIN - 5.7%** |  |  |  |  |
| 1,470,000 EUR | Spain Government Bond | 1.30 %<sup>(a)</sup> | 10/31/2026 | 1716791 |
| 4,440,000 EUR | Spain Government Bond | 0.60 %<sup>(a)</sup> | 10/31/2029 | 4865610 |
| 7,070,000 EUR | Spain Government Bond | 0.50 %<sup>(a)</sup> | 04/30/2030 | 7620739 |
|  |  |  |  | 14203140 |
| **UNITED KINGDOM - 2.8%** | **UNITED KINGDOM - 2.8%** |  |  |  |
| 5,100,000 GBP | United Kingdom Gilt | 4.38% | 03/07/2030 | 6991937 |
|  | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $136,258,279)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $136,258,279)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $136,258,279)** | **134394189** |
| **FOREIGN GOVERNMENT NOTE/BOND - 2.3%** | **FOREIGN GOVERNMENT NOTE/BOND - 2.3%** | **FOREIGN GOVERNMENT NOTE/BOND - 2.3%** |  |  |
| **UNITED KINGDOM - 2.3%** |  |  |  |  |
| 4,500,000 GBP | United Kingdom Gilt | 4.25% | 03/07/2036 | 5906133 |
|  | **Total Foreign Government Note/Bond (Cost $6,042,973)** | **Total Foreign Government Note/Bond (Cost $6,042,973)** |  | **5906133** |
| **US GOVERNMENT AND AGENCY OBLIGATIONS - 39.2%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 39.2%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 39.2%** |  |  |
| **UNITED STATES - 39.2%** | **UNITED STATES - 39.2%** |  |  |  |
| 5,740,000 USD | United States Treasury Note/Bond | 0.75% | 05/31/2026 | 5674511 |
| 4,420,000 USD | United States Treasury Note/Bond | 0.63% | 03/31/2027 | 4267804 |
| 4,370,000 USD | United States Treasury Note/Bond | 0.50% | 10/31/2027 | 4141258 |
| 3,790,000 USD | United States Treasury Note/Bond | 0.63% | 11/30/2027 | 3591913 |
| 9,330,000 USD | United States Treasury Note/Bond | 0.63% | 12/31/2027 | 8820859 |
| 12,000,000 USD | United States Treasury Note/Bond | 0.75% | 01/31/2028 | 11347266 |
| 11,790,000 USD | United States Treasury Note/Bond | 0.63% | 05/15/2030 | 10348719 |
| 14,880,000 USD | United States Treasury Note/Bond | 0.63% | 08/15/2030 | 12950250 |
| 12,340,000 USD | United States Treasury Note/Bond | 0.88% | 11/15/2030 | 10789305 |
| 12,130,000 USD | United States Treasury Note/Bond | 1.13% | 05/15/2040 | 7701128 |
| 11,830,000 USD | United States Treasury Note/Bond | 1.38% | 11/15/2040 | 7683493 |
| 11,430,000 USD | United States Treasury Note/Bond | 1.75% | 08/15/2041 | 7716366 |
| 1,960,000 USD | United States Treasury Note/Bond | 1.25% | 05/15/2050 | 938886 |
| 1,920,000 USD | United States Treasury Note/Bond | 1.38% | 08/15/2050 | 944512 |
| 1,700,000 USD | United States Treasury Note/Bond | 1.88% | 02/15/2051 | 950506 |
|  | **Total US Government and Agency Obligations (Cost $97,381,158)** | **Total US Government and Agency Obligations (Cost $97,381,158)** |  | **97866776** |
| **SHORT TERM INVESTMENTS - 4.0%** | **SHORT TERM INVESTMENTS - 4.0%** | **SHORT TERM INVESTMENTS - 4.0%** |  |  |
| 3297315 | First American Government Obligations Fund - U | 3.69 %<sup>(b)</sup> |  | 3297315 |
| 3297314 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(b)</sup> |  | 3297314 |
| 3297314 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(b)</sup> |  | 3297314 |
|  | **Total Short Term Investments (Cost $9,891,943)** |  |  | **9891943** |
|  | **Total Investments - 99.3% (Cost $249,574,353)** |  |  | **248059041** |
|  | **Other Assets in Excess of Liabilities - 0.7%** |  |  | **1751217** |
|  | **NET ASSETS - 100.0%** |  |  | $**249810258** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN** as a % of Net Assets: | |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 53.8% |
| US Government and Agency Obligations | 39.2% |
| Short Term Investments | 4.0% |
| Foreign Government Note/Bond | 2.3% |
| Other Assets and Liabilities | 0.7% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **COUNTRY BREAKDOWN** as a % of Net Assets: | |
| United States | 43.2% |
| Germany | 7.8% |
| Japan | 7.2% |
| Spain | 5.7% |
| United Kingdom | 5.1% |
| France | 5.0% |
| Mexico | 3.0% |
| Czech Republic | 3.0% |
| Peru | 2.8% |
| South Africa | 2.7% |
| Belgium | 2.5% |
| Portugal | 2.0% |
| Australia | 2.0% |
| Canada | 1.7% |
| Ireland | 1.6% |
| Poland | 1.5% |
| Hungary | 1.3% |
| New Zealand | 1.2% |
| Other Assets and Liabilities | 0.7% |
| Net Assets | 100.0% |

---

**(a)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $37,922,171 or 15.2% of the Fund's net assets.** 

**(b)** **Seven-day yield as of period end.** 

---

| | |
|:---|:---|
| **AUD** | **Australian Dollar** |
| **CAD** | **Canadian Dollar** |
| **CZK** | **Czech Republic Koruna** |
| **EUR** | **Euro** |
| **GBP** | **British Pound** |
| **HUF** | **Hungarian Forint** |
| **JPY** | **Japanese Yen** |
| **MXN** | **Mexican Peso** |
| **NZD** | **New Zealand Dollar** |
| **PEN** | **Peruvian Sol** |
| **PLN** | **Polish Zloty** |
| **USD** | **United States Dollar** |
| **ZAR** | **South African Rand** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Forward Currency Exchange Contracts** | **Forward Currency Exchange Contracts** | **Forward Currency Exchange Contracts** | **Forward Currency Exchange Contracts** | **Forward Currency Exchange Contracts** | |  | | |
| **Settlement Date** | **Counterparty** | **Currency to be Delivered** | **Currency to be Delivered** | **Value** | **Currency to be Received** | **Currency to be Received** | **Value** | **Unrealized Appreciation (Depreciation)** |
| 01/09/2026 | State Street Bank & Trust Co. | 7218780 | USD | $7218780 | 6220000 | EUR | $7312867 | $94087 |
| 01/30/2026 | Goldman Sachs | 4828959 | USD | 4828959 | 26800000 | BRL | 4851337 | 22378 |
| 01/09/2026 | State Street Bank & Trust Co. | 6220000 | EUR | 7312867 | 7203374 | USD | 7203374 | (109493) |
|  |  |  |  |  |  |  |  | $6972 |

---

---

| | |
|:---|:---|
| **BRL** | **Brazilian Real** |
| **EUR** | **Euro** |
| **USD** | **United States Dollar** |

---

---

| | |
|:---|:---|
| **DoubleLine Select Income Fund** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **ASSET BACKED OBLIGATIONS - 51.3%** | **ASSET BACKED OBLIGATIONS - 51.3%** | **ASSET BACKED OBLIGATIONS - 51.3%** |  |  |
|  | ALTDE Trust |  |  |  |
| 3546313 | &nbsp;&nbsp;Series 2025-1A-B | 6.53 %<sup>(a)</sup> | 08/15/2050 | 3582613 |
|  | APL Finance DAC |  |  |  |
| 1425000 | &nbsp;&nbsp;Series 2025-1A-B | 5.28 %<sup>(a)</sup> | 03/20/2036 | 1417296 |
|  | Apollo Aviation Securitization Equity Trust |  |  |  |
| 6921291 | &nbsp;&nbsp;Series 2024-1A-B | 6.90 %<sup>(a)</sup> | 05/16/2049 | 7051432 |
| 4816743 | &nbsp;&nbsp;Series 2025-2A-B | 6.01 %<sup>(a)</sup> | 02/16/2050 | 4869198 |
| 5000000 | AZ Battery Property | 6.73 %<sup>(b)</sup> | 02/20/2046 | 5027404 |
|  | Blackbird Capital Aircraft |  |  |  |
| 1670588 | &nbsp;&nbsp;Series 2016-1A-B | 5.68 %<sup>(a)(c)</sup> | 12/16/2041 | 1677239 |
|  | Blue Stream Communications LLC |  |  |  |
| 2000000 | &nbsp;&nbsp;Series 2023-1A-C | 8.90 %<sup>(a)</sup> | 05/20/2053 | 2043940 |
|  | Cloud Capital Holdco LP |  |  |  |
| 3500000 | &nbsp;&nbsp;Series 2024-2A-A2 | 5.92 %<sup>(a)</sup> | 11/22/2049 | 3545374 |
|  | Cologix Data Centers US Issuer LLC |  |  |  |
| 2250000 | &nbsp;&nbsp;Series 2021-1A-B | 3.79 %<sup>(a)</sup> | 12/26/2051 | 2192355 |
|  | Compass Datacenters LLC |  |  |  |
| 2000000 | &nbsp;&nbsp;Series 2025-1A-B1 | 5.76 %<sup>(a)</sup> | 05/25/2050 | 2022488 |
|  | Cyrusone Holdco LLC |  |  |  |
| 2000000 | &nbsp;&nbsp;Series 2023-1A-A2 | 4.30 %<sup>(a)</sup> | 04/20/2048 | 1973389 |
| 1308331 | &nbsp;&nbsp;Series 2023-1A-B | 5.45 %<sup>(a)</sup> | 04/20/2048 | 1291386 |
| 1500000 | &nbsp;&nbsp;Series 2024-3A-A2 | 4.65 %<sup>(a)</sup> | 05/20/2049 | 1442360 |
|  | DataBank Issuer |  |  |  |
| 2100000 | &nbsp;&nbsp;Series 2021-1A-C | 4.43 %<sup>(a)</sup> | 02/27/2051 | 2091659 |
| 6500000 | &nbsp;&nbsp;Series 2023-1A-A2 | 5.12 %<sup>(a)</sup> | 02/25/2053 | 6470757 |
|  | DataBank Issuer II LLC |  |  |  |
| 6000000 | &nbsp;&nbsp;Series 2025-1A-A2 | 5.18 %<sup>(a)</sup> | 09/27/2055 | 5921716 |
|  | Diamond Infrastructure Funding LLC |  |  |  |
| 2250000 | &nbsp;&nbsp;Series 2021-1A-B | 2.36 %<sup>(a)</sup> | 04/15/2049 | 2192471 |
|  | DigitalBridge Group, Inc. |  |  |  |
| 6250000 | &nbsp;&nbsp;Series 2023-1A-B | 5.75 %<sup>(a)</sup> | 09/15/2048 | 6244668 |
|  | Diversified Energy Co. PLC |  |  |  |
| 4546936 | &nbsp;&nbsp;Series 2025-1A-A1 | 5.95 %<sup>(a)</sup> | 02/28/2045 | 4612576 |
|  | GAIA Aviation Ltd. |  |  |  |
| 2059113 | &nbsp;&nbsp;Series 2019-1-A | 3.97 %<sup>(a)(c)</sup> | 12/15/2044 | 2028861 |
|  | GoodLeap Sustainable Home Solutions Trust |  |  |  |
| 2797564 | &nbsp;&nbsp;Series 2021-3CS-B | 2.41 %<sup>(a)</sup> | 05/20/2048 | 1787890 |
|  | GreenSky LLC |  |  |  |
| 9025000 | &nbsp;&nbsp;Series 2025-1A-D | 6.22 %<sup>(a)</sup> | 03/25/2060 | 9175333 |
|  | Helios Issuer LLC |  |  |  |
| 1139434 | &nbsp;&nbsp;Series 2018-1A-A | 4.87 %<sup>(a)</sup> | 07/20/2048 | 1102846 |
| 1085510 | &nbsp;&nbsp;Series 2021-B-B | 2.01 %<sup>(a)</sup> | 07/20/2048 | 807978 |
|  | HERO Funding Trust |  |  |  |
| 8502 | &nbsp;&nbsp;Series 2015-2A-A | 3.99 %<sup>(a)</sup> | 09/20/2040 | 8296 |
| 248352 | &nbsp;&nbsp;Series 2016-3A-A2 | 3.91 %<sup>(a)</sup> | 09/20/2042 | 239012 |
| 640094 | &nbsp;&nbsp;Series 2016-4A-A2 | 4.29 %<sup>(a)</sup> | 09/20/2047 | 621671 |
|  | Horizon Aircraft Finance Ltd. |  |  |  |
| 1472686 | &nbsp;&nbsp;Series 2019-1-A | 3.72 %<sup>(a)</sup> | 07/15/2039 | 1455325 |
|  | Hotwire Funding LLC |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2021-1-C | 4.46 %<sup>(a)</sup> | 11/20/2051 | 4925903 |
|  | ITE Rail Fund Levered LP |  |  |  |
| 2061970 | &nbsp;&nbsp;Series 2021-3A-A | 2.21 %<sup>(a)</sup> | 06/28/2051 | 1986287 |
|  | JOL Air Ltd. |  |  |  |
| 2532975 | &nbsp;&nbsp;Series 2019-1-A | 3.97 %<sup>(a)</sup> | 04/15/2044 | 2529748 |
|  | Kestrel Aircraft Funding USA LLC |  |  |  |
| 310970 | &nbsp;&nbsp;Series 2018-1A-A | 4.25 %<sup>(a)</sup> | 12/15/2038 | 311707 |
|  | Luminace Issuer LLC |  |  |  |
| 6612698 | &nbsp;&nbsp;Series 2024-1-A | 5.87 %<sup>(a)</sup> | 10/30/2031 | 6622160 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **MATURITY** | **VALUE $** |
|  | Metronet Systems Holdings LLC |  |  |  |  |
| 3000000 | &nbsp;&nbsp;Series 2025-2A-C | 7.83 %<sup>(a)</sup> |  | 08/20/2055 | 3087959 |
|  | Mosaic Solar Loans LLC |  |  |  |  |
| 1110304 | &nbsp;&nbsp;Series 2018-1A-A | 4.01 %<sup>(a)</sup> |  | 06/22/2043 | 1048899 |
| 1405153 | &nbsp;&nbsp;Series 2019-2A-B | 3.28 %<sup>(a)</sup> |  | 09/20/2040 | 1261710 |
| 2512047 | &nbsp;&nbsp;Series 2021-3A-B | 1.92 %<sup>(a)</sup> |  | 06/20/2052 | 1923057 |
| 1703528 | &nbsp;&nbsp;Series 2022-1A-B | 3.16 %<sup>(a)</sup> |  | 01/20/2053 | 1215343 |
| 4202287 | &nbsp;&nbsp;Series 2025-1A-A | 6.12 %<sup>(a)</sup> |  | 08/22/2050 | 4218543 |
|  | MP LLC |  |  |  |  |
| 5984321 | &nbsp;&nbsp;Series 2025-1A-A | 5.55 %<sup>(a)</sup> |  | 11/15/2065 | 5998164 |
|  | Navigator Aircraft ABS Ltd. |  |  |  |  |
| 4952453 | &nbsp;&nbsp;Series 2025-1-B | 5.89 %<sup>(a)</sup> |  | 10/15/2050 | 4957034 |
|  | NP Railcar Holdings LLC |  |  |  |  |
| 1006503 | &nbsp;&nbsp;Series 2017-1A-A1 | 3.37 %<sup>(a)</sup> |  | 10/21/2047 | 976328 |
|  | Purewest Abs Issuer LLC |  |  |  |  |
| 4085246 | &nbsp;&nbsp;Series 2025-1-A1 | 5.69 %<sup>(a)</sup> |  | 04/05/2040 | 4166420 |
|  | QTS Issuer ABS I LLC |  |  |  |  |
| 5000000 | &nbsp;&nbsp;Series 2025-1A-B | 5.93 %<sup>(a)</sup> |  | 05/25/2055 | 5031421 |
|  | QTS Issuer ABS II LLC |  |  |  |  |
| 4750000 | &nbsp;&nbsp;Series 2025-1A-B | 5.78 %<sup>(a)</sup> |  | 10/05/2055 | 4618663 |
|  | Redaptive EAAS Issuer LLC |  |  |  |  |
| 1275000 | &nbsp;&nbsp;Series 2025-1A-A | 5.94 %<sup>(a)</sup> |  | 03/25/2042 | 1279698 |
|  | Scalelogix Abs Us Issuer LLC |  |  |  |  |
| 1950000 | &nbsp;&nbsp;Series 2025-1A-B | 6.16 %<sup>(a)</sup> |  | 07/25/2055 | 1961667 |
|  | Shenton Aircraft Investment Ltd. |  |  |  |  |
| 82159 | &nbsp;&nbsp;Series 2015-1A-A | 4.75 %<sup>(a)</sup> |  | 10/15/2042 | 80981 |
|  | SSI ABS Issuer LLC |  |  |  |  |
| 4852841 | &nbsp;&nbsp;Series 2025-1-A | 6.15 %<sup>(a)</sup> |  | 07/25/2065 | 4924415 |
|  | Stack Infrastructure Issuer LLC |  |  |  |  |
| 5280000 | &nbsp;&nbsp;Series 2025-1A-A2 | 5.00 %<sup>(a)</sup> |  | 05/25/2050 | 5224903 |
|  | Start/Bermuda |  |  |  |  |
| 449146 | &nbsp;&nbsp;Series 2018-1-A | 4.09 %<sup>(a)</sup> |  | 05/15/2043 | 449288 |
|  | Sunnova Energy International, Inc. |  |  |  |  |
| 906918 | &nbsp;&nbsp;Series 2020-AA-A | 2.98 %<sup>(a)</sup> |  | 06/20/2047 | 807514 |
|  | Switch Ltd. |  |  |  |  |
| 4000000 | &nbsp;&nbsp;Series 2024-1A-B | 6.50 %<sup>(a)</sup> |  | 03/25/2054 | 4031819 |
| 5000000 | &nbsp;&nbsp;Series 2024-2A-C | 10.03 %<sup>(a)</sup> |  | 06/25/2054 | 5142013 |
|  | Thunderbolt Aircraft Lease |  |  |  |  |
| 335017 | &nbsp;&nbsp;Series 2018-A-A | 5.96 %<sup>(a)(c)</sup> |  | 09/15/2038 | 335870 |
| 318405 | &nbsp;&nbsp;Series 2018-A-B | 7.68 %<sup>(a)(c)</sup> |  | 09/15/2038 | 319077 |
|  | Vantage Data Centers Guarantor LLC |  |  |  |  |
| 4250000 | &nbsp;&nbsp;Series 2025-3A-B | 6.00 %<sup>(a)</sup> |  | 11/15/2055 | 4249279 |
|  | Vault DI Issuer LLC |  |  |  |  |
| 1500000 | &nbsp;&nbsp;Series 2021-1A-A2 | 2.80 %<sup>(a)</sup> |  | 07/15/2046 | 1479236 |
|  | Vital Care Issuer LLC |  |  |  |  |
| 3000000 | &nbsp;&nbsp;Series 2025-1A-A2 | 6.74 %<sup>(a)</sup> |  | 01/30/2056 | 3034350 |
|  | Vivant Solar Financing V Parent LLC |  |  |  |  |
| 4009222 | &nbsp;&nbsp;Series 2018-1A-A | 4.73 %<sup>(a)</sup> |  | 04/30/2048 | 3875291 |
|  | Willis Lease Finance Corp. |  |  |  |  |
| 4911449 | &nbsp;&nbsp;Series 2025-A-A | 5.58 %<sup>(a)</sup> |  | 06/15/2050 | 5016274 |
|  | Wireless PropCo Funding Parent LLC |  |  |  |  |
| 3600000 | &nbsp;&nbsp;Series 2025-1A-C | 8.51 %<sup>(a)</sup> |  | 06/25/2055 | 3687826 |
|  | **Total Asset Backed Obligations (Cost $184,385,534)** | **Total Asset Backed Obligations (Cost $184,385,534)** | **Total Asset Backed Obligations (Cost $184,385,534)** |  | **183676380** |
| **FOREIGN CORPORATE BONDS - 2.5%** | **FOREIGN CORPORATE BONDS - 2.5%** | **FOREIGN CORPORATE BONDS - 2.5%** | **FOREIGN CORPORATE BONDS - 2.5%** |  |  |
| 2000000 | Emirates Semb Corp. Water & Power Co. PJSC | 4.45 %<sup>(a)</sup> |  | 08/01/2035 | 1949350 |
| 1771413 | Energia Eolica SA | 6.00 %<sup>(b)</sup> |  | 08/30/2034 | 1676820 |
| 2259953 | Fermaca Enterprises S de RL de CV | 6.38 %<sup>(a)</sup> |  | 03/30/2038 | 2302892 |
| 1231238 | Fermaca Enterprises S de RL de CV | 6.38% |  | 03/30/2038 | 1254632 |
| 1750000 | Transelec SA | 3.88 %<sup>(a)</sup> |  | 01/12/2029 | 1715831 |
|  | **Total Foreign Corporate Bonds (Cost $9,095,976)** | **Total Foreign Corporate Bonds (Cost $9,095,976)** | **Total Foreign Corporate Bonds (Cost $9,095,976)** |  | **8899525** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 0.8%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 0.8%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 0.8%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 0.8%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 0.8%** |
| 2477832 | Lima Metro Line 2 Finance Ltd. | 5.88 %<sup>(a)</sup> | 07/05/2034 | 2579698 |
| 133422 | Lima Metro Line 2 Finance Ltd. | 5.88% | 07/05/2034 | 138907 |
|  | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $2,704,141)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $2,704,141)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $2,704,141)** | **2718605** |
| **US CORPORATE BONDS - 41.9%** | **US CORPORATE BONDS - 41.9%** | **US CORPORATE BONDS - 41.9%** |  |  |
| 6000000 | Ameren Corp. | 5.38% | 03/15/2035 | 6169024 |
| 11015000 | AT&T, Inc. | 4.30% | 12/15/2042 | 9325167 |
| 375000 | Basin Electric Power Cooperative | 7.69 %<sup>(b)</sup> | 12/17/2028 | 396632 |
| 5000000 | Burlington Northern Santa Fe LLC | 5.20% | 04/15/2054 | 4711757 |
| 3500000 | Cheniere Energy, Inc. | 5.65% | 04/15/2034 | 3632460 |
| 8000000 | Crown Castle, Inc. | 5.10% | 05/01/2033 | 8070568 |
| 5000000 | Duke Energy Florida LLC | 5.88% | 11/15/2033 | 5401179 |
| 8000000 | Energy Transfer LP | 5.75% | 02/15/2033 | 8411919 |
| 5000000 | Enterprise Products Operating LLC | 5.55% | 02/16/2055 | 4849236 |
| 8500000 | Eversource Energy | 5.13% | 05/15/2033 | 8588735 |
| 7400000 | Exelon Corp. | 5.30% | 03/15/2033 | 7688236 |
| 5750000 | Flex Intermediate Holdco LLC | 4.32 %<sup>(a)</sup> | 12/30/2039 | 4846602 |
| 2000000 | Foundry JV Holdco LLC | 6.15 %<sup>(a)</sup> | 01/25/2032 | 2120948 |
| 2000000 | Foundry JV Holdco LLC | 5.88 %<sup>(a)</sup> | 01/25/2034 | 2055812 |
| 3000000 | Foundry JV Holdco LLC | 6.30 %<sup>(a)</sup> | 01/25/2039 | 3169016 |
| 6000000 | HA Sustainable Infrastructure Capital, Inc. | 6.38% | 07/01/2034 | 6114831 |
| 7500000 | ITC Holdings Corp. | 5.40 %<sup>(a)</sup> | 06/01/2033 | 7746511 |
| 5500000 | Kinder Morgan, Inc. | 5.55% | 06/01/2045 | 5327937 |
| 8000000 | MPLX LP | 5.00% | 03/01/2033 | 8053041 |
| 3500000 | ONEOK, Inc. | 6.63% | 09/01/2053 | 3669229 |
| 5000000 | Pluto 2 (GIP Sharon Finco) | 6.64 %<sup>(b)</sup> | 09/30/2046 | 5101000 |
| 5000000 | Sempra | 5.50% | 08/01/2033 | 5233086 |
| 9150000 | Southern Co. | 5.50% | 03/15/2029 | 9500041 |
| 4500000 | T-Mobile USA, Inc. | 5.50% | 01/15/2055 | 4267094 |
| 5000000 | Venture Global Calcasieu Pass LLC | 6.25 %<sup>(a)</sup> | 01/15/2030 | 5065551 |
| 6000000 | Western Midstream Operating LP | 5.25% | 02/01/2050 | 5140147 |
| 5000000 | Williams Cos., Inc. | 6.30% | 04/15/2040 | 5402648 |
|  | **Total US Corporate Bonds (Cost $148,147,276)** | **Total US Corporate Bonds (Cost $148,147,276)** |  | **150058407** |
| **US GOVERNMENT AND AGENCY OBLIGATIONS - 1.1%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 1.1%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 1.1%** |  |  |
| 4000000 | United States Treasury Note/Bond | 4.25% | 06/30/2029 | 4085313 |
|  | **Total US Government and Agency Obligations (Cost $4,021,505)** | **Total US Government and Agency Obligations (Cost $4,021,505)** |  | **4085313** |
| **SHORT TERM INVESTMENTS - 2.0%** | **SHORT TERM INVESTMENTS - 2.0%** | **SHORT TERM INVESTMENTS - 2.0%** | **SHORT TERM INVESTMENTS - 2.0%** |  |
| 2379347 | First American Government Obligations Fund - U | 3.69 %<sup>(d)</sup> |  | 2379347 |
| 2379347 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(d)</sup> |  | 2379347 |
| 2379347 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(d)</sup> |  | 2379347 |
|  | **Total Short Term Investments (Cost $7,138,041)** | **Total Short Term Investments (Cost $7,138,041)** |  | **7138041** |
|  | **Total Investments - 99.6% (Cost $355,492,473)** | **Total Investments - 99.6% (Cost $355,492,473)** |  | **356576271** |
|  | **Other Assets in Excess of Liabilities - 0.4%** | **Other Assets in Excess of Liabilities - 0.4%** |  | **1560211** |
|  | **NET ASSETS - 100.0%** |  |  | $**358136482** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN as a % of Net Assets:** | |
| Asset Backed Obligations | 51.3% |
| US Corporate Bonds | 41.9% |
| Foreign Corporate Bonds | 2.5% |
| Short Term Investments | 2.0% |
| US Government and Agency Obligations | 1.1% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 0.8% |
| Other Assets and Liabilities | 0.4% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **INVESTMENT BREAKDOWN as a % of Net Assets:** | |
| Asset Backed Obligations | 51.3% |
| Energy | 18.1% |
| Utilities | 14.2% |
| Telecommunications | 6.0% |
| Transportation | 3.1% |
| Technology | 2.1% |
| Short Term Investments | 2.0% |
| Finance | 1.7% |
| US Government and Agency Obligations | 1.1% |
| Other Assets and Liabilities | 0.4% |
| Net Assets | 100.0% |

---

**(a)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $212,201,187 or 59.3% of the Fund's net assets.** 

**(b)** **Value determined using significant unobservable inputs.** 

**(c)** **Step Bond; Coupon rate changes based on a predetermined schedule or event. The interest rate shown is the rate in effect as of period end.** 

**(d)** **Seven-day yield as of period end.** 

---

| | |
|:---|:---|
| **DoubleLine Shiller Enhanced International CAPE®** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **ASSET BACKED OBLIGATIONS - 6.7%** | **ASSET BACKED OBLIGATIONS - 6.7%** |  |  |  |
|  | Affirm, Inc. |  |  |  |
| 150000 | Series 2025-1A-B | 5.13 %<sup>(a)</sup> | 02/15/2033 | 151222 |
|  | Commonbond Student Loan Trust |  |  |  |
| 219684 | Series 2017-BGS-B | 3.26 %<sup>(a)</sup> | 09/25/2042 | 183679 |
|  | DataBank Issuer |  |  |  |
| 130000 | Series 2021-1A-A2 | 2.06 %<sup>(a)</sup> | 02/27/2051 | 129419 |
|  | DigitalBridge Group, Inc. |  |  |  |
| 250000 | Series 2023-1A-A2A | 5.00 %<sup>(a)</sup> | 09/15/2048 | 249475 |
|  | Mosaic Solar Loans LLC |  |  |  |
| 310937 | Series 2021-3A-A | 1.44 %<sup>(a)</sup> | 06/20/2052 | 258805 |
|  | National Collegiate Student Loan Trust |  |  |  |
| 168952 | Series 2006-1-A5 (1 mo. Term SOFR + 0.46%, 0.00% Floor) | 4.20% | 03/25/2033 | 168166 |
|  | Navient Student Loan Trust |  |  |  |
| 194444 | Series 2018-A-B | 3.68 %<sup>(a)</sup> | 02/18/2042 | 192715 |
|  | Pagaya AI Debt Selection Trust |  |  |  |
| 48132 | Series 2024-1-A | 6.66 %<sup>(a)</sup> | 07/15/2031 | 48257 |
| 100000 | Series 2025-7-A1 | 4.27 %<sup>(a)</sup> | 11/16/2026 | 100036 |
|  | SoFi Consumer Loan Program Trust |  |  |  |
| 113157 | Series 2025-1-A | 4.80 %<sup>(a)</sup> | 02/27/2034 | 113598 |
| 150000 | Series 2025-2-B | 4.97 %<sup>(a)</sup> | 06/25/2034 | 151599 |
| 150000 | Series 2025-4-B | 4.60 %<sup>(a)</sup> | 08/25/2035 | 150608 |
|  | Tesla Sustainable Energy Trust |  |  |  |
| 99061 | Series 2024-1A-A2 | 5.08 %<sup>(a)</sup> | 06/21/2050 | 99541 |
|  | Upstart Securitization Trust |  |  |  |
| 118652 | Series 2025-4-A1 | 4.34 %<sup>(a)</sup> | 11/20/2026 | 118711 |
|  | **Total Asset Backed Obligations (Cost $2,122,844)** |  |  | **2115831** |
| **COLLATERALIZED LOAN OBLIGATIONS - 12.7%** | **COLLATERALIZED LOAN OBLIGATIONS - 12.7%** |  |  |  |
|  | Apidos CLO |  |  |  |
| 500000 | Series 2022-39A-A1R (3 mo. Term SOFR + 1.23%, 1.23% Floor) | 5.40 %<sup>(a)</sup> | 10/21/2038 | 501212 |
|  | Carlyle Global Market Strategies |  |  |  |
| 500000 | Series 2023-3A-A1R (3 mo. Term SOFR + 1.23%, 1.23% Floor) | 5.13 %<sup>(a)</sup> | 10/15/2038 | 501212 |
|  | CBAM Ltd. |  |  |  |
| 500000 | Series 2017-2A-AR (3 mo. Term SOFR + 1.45%, 1.19% Floor) | 5.33 %<sup>(a)</sup> | 07/17/2034 | 500542 |
|  | Highbridge Loan Management Ltd. |  |  |  |
| 500000 | Series 3A-2014-CR (3 mo. Term SOFR + 3.86%, 0.00% Floor) | 7.75 %<sup>(a)</sup> | 07/18/2029 | 500664 |
|  | RR Ltd./Cayman Islands |  |  |  |
| 500000 | Series 2021-14A-A1 (3 mo. Term SOFR + 1.38%, 1.38% Floor) | 5.29 %<sup>(a)</sup> | 04/15/2036 | 500403 |
|  | Sound Point CLO Ltd. |  |  |  |
| 500000 | Series 2019-2A-AR (3 mo. Term SOFR + 1.43%, 1.17% Floor) | 5.34 %<sup>(a)</sup> | 07/15/2034 | 500470 |
| 1000000 | Series 2020-1A-AR (3 mo. Term SOFR + 1.43%, 1.43% Floor) | 5.32 %<sup>(a)</sup> | 07/20/2034 | 1000906 |
|  | Venture CDO Ltd. |  |  |  |
| 14643 | Series 2017-29A-AR (3 mo. Term SOFR + 1.25%, 0.99% Floor) | 5.10 %<sup>(a)</sup> | 09/07/2030 | 14658 |
|  | **Total Collateralized Loan Obligations (Cost $4,015,661)** |  |  | **4020067** |
| **FOREIGN CORPORATE BONDS - 1.3%** | **FOREIGN CORPORATE BONDS - 1.3%** |  |  |  |
| 22000 | Avolon Holdings Funding Ltd. | 6.38 %<sup>(a)</sup> | 05/04/2028 | 22931 |
| 53000 | Avolon Holdings Funding Ltd. | 5.38 %<sup>(a)</sup> | 05/30/2030 | 54474 |
| 2000 | BAT Capital Corp. | 4.91% | 04/02/2030 | 2045 |
| 23000 | BAT International Finance PLC | 5.93% | 02/02/2029 | 24168 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 57000 | Canadian Imperial Bank of Commerce<br> (SOFR + 0.60%) | 4.24% | 09/08/2028 | 57233 |
| 56000 | Canadian Pacific Railway Co. | 4.80% | 03/30/2030 | 57321 |
| 75000 | Element Fleet Management Corp. | 5.04 %<sup>(a)</sup> | 03/25/2030 | 76689 |
| 12000 | Enbridge, Inc. | 6.00% | 11/15/2028 | 12615 |
| 36000 | NXP BV / NXP Funding LLC / NXP USA, Inc. | 4.30% | 08/19/2028 | 36141 |
| 33000 | Rio Tinto Finance USA PLC | 4.88% | 03/14/2030 | 33920 |
| 24000 | Royal Bank of Canada<br> (SOFR + 0.86%) | 4.82% | 10/18/2028 | 24119 |
|  | **Total Foreign Corporate Bonds (Cost $394,038)** |  |  | **401656** |
| **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 12.2%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 12.2%** |  |  |  |
|  | 280 Park Avenue Mortgage Trust |  |  |  |
| 100000 | Series 2017-280P-A (1 mo. Term SOFR + 1.18%, 1.13% Floor) | 4.96 %<sup>(a)</sup> | 09/15/2034 | 99700 |
|  | ACRES Commercial Realty Ltd. |  |  |  |
| 100000 | Series 2025-FL3-A (1 mo. Term SOFR + 1.62%, 1.62% Floor) | 5.35 %<sup>(a)</sup> | 08/18/2040 | 100366 |
|  | Arbor Multifamily Mortgage Securities Trust |  |  |  |
| 1610558 | Series 2021-MF2-XA | 1.10 %<sup>(a)(b)(c)</sup> | 06/15/2054 | 72296 |
|  | AREIT Trust |  |  |  |
| 44625 | Series 2022-CRE6-A (30 day avg SOFR US + 1.25%, 1.25% Floor) | 5.19 %<sup>(a)</sup> | 01/20/2037 | 44698 |
|  | BANK |  |  |  |
| 2690361 | Series 2021-BN36-XA | 0.87 %<sup>(b)(c)</sup> | 09/15/2064 | 82151 |
|  | BBCMS Trust |  |  |  |
| 1959521 | Series 2025-5C34-XA | 1.17 %<sup>(b)(c)</sup> | 05/15/2058 | 89435 |
|  | BDS Ltd. |  |  |  |
| 28308 | Series 2021-FL10-A (1 mo. Term SOFR + 1.46%, 1.46% Floor) | 5.20 %<sup>(a)</sup> | 12/16/2036 | 28381 |
| 100000 | Series 2025-FL15-A (1 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.13 %<sup>(a)</sup> | 03/19/2043 | 100246 |
|  | Benchmark Mortgage Trust |  |  |  |
| 4159350 | Series 2018-B2-XA | 0.43 %<sup>(b)(c)</sup> | 02/15/2051 | 27599 |
| 2271000 | Series 2021-B26-XB | 0.64 %<sup>(a)(b)(c)</sup> | 06/15/2054 | 65562 |
| 1751070 | Series 2021-B28-XA | 1.24 %<sup>(b)(c)</sup> | 08/15/2054 | 85020 |
|  | BPR Trust |  |  |  |
| 100000 | Series 2021-TY-A (1 mo. Term SOFR + 1.16%, 1.05% Floor) | 4.92 %<sup>(a)</sup> | 09/15/2038 | 99990 |
|  | BrightSpire Capital, Inc. |  |  |  |
| 36499 | Series 2021-FL1-A (1 mo. Term SOFR + 1.26%, 1.15% Floor) | 5.00 %<sup>(a)</sup> | 08/19/2038 | 36457 |
| 100000 | Series 2024-FL2-A (1 mo. Term SOFR + 1.95%, 1.95% Floor) | 5.68 %<sup>(a)</sup> | 08/19/2037 | 100133 |
|  | BX Trust |  |  |  |
| 87965 | Series 2021-CIP-A (1 mo. Term SOFR + 1.04%, 0.92% Floor) | 4.79 %<sup>(a)</sup> | 12/15/2038 | 87998 |
| 101439 | Series 2021-RISE-C (1 mo. Term SOFR + 1.56%, 1.45% Floor) | 5.31 %<sup>(a)</sup> | 11/15/2036 | 101418 |
| 68758 | Series 2021-XL2-A (1 mo. Term SOFR + 0.80%, 0.69% Floor) | 4.55 %<sup>(a)</sup> | 10/15/2038 | 68754 |
|  | BXP Trust |  |  |  |
| 100000 | Series 2017-GM-A | 3.38 %<sup>(a)</sup> | 06/13/2039 | 98227 |
|  | CFCRE Commercial Mortgage Trust |  |  |  |
| 100000 | Series 2016-C7-A3 | 3.84% | 12/10/2054 | 99374 |
|  | Citigroup Commercial Mortgage Trust |  |  |  |
| 2040147 | Series 2016-C1-XA | 1.80 %<sup>(b)(c)</sup> | 05/10/2049 | 1275 |
| 100000 | Series 2016-P3-A4 | 3.33% | 04/15/2049 | 99690 |
|  | Citigroup/Deutsche Bank Commercial Mortgage Trust |  |  |  |
| 100000 | Series 2016-C1-B | 4.20 %<sup>(b)</sup> | 05/10/2049 | 94244 |
|  | Commercial Mortgage Pass Through Certificates |  |  |  |
| 5899257 | Series 2015-LC21-XD | 0.99 %<sup>(a)(b)(c)</sup> | 07/10/2048 | 59 |
|  | Commercial Mortgage Trust |  |  |  |
| 2400000 | Series 2021-PF1-XD | 1.11 %<sup>(a)(b)(c)</sup> | 11/15/2054 | 127131 |
|  | Computershare Corporate Trust |  |  |  |
| 324213 | Series 2015-NXS2-XA | 0.00 %<sup>(b)(c)</sup> | 07/15/2058 | 3 |
| 153196 | Series 2018-C43-A3 | 3.75% | 03/15/2051 | 151966 |
| 2349529 | Series 2018-C48-XA | 0.93 %<sup>(b)(c)</sup> | 01/15/2052 | 51210 |
| 92940 | Series 2019-C53-ASB | 2.96% | 10/15/2052 | 91358 |
| 836306 | Series 2021-C59-XA | 1.48 %<sup>(b)(c)</sup> | 04/15/2054 | 46944 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Franklin BSP Realty Trust, Inc. |  |  |  |
| 14543 | Series 2022-FL8-A (30 day avg SOFR US + 1.50%, 1.50% Floor) | 5.48 %<sup>(a)</sup> | 02/15/2037 | 14563 |
|  | FS RIALTO |  |  |  |
| 31637 | Series 2021-FL2-A (1 mo. Term SOFR + 1.33%, 1.33% Floor) | 5.07 %<sup>(a)</sup> | 05/16/2038 | 31669 |
| 38945 | Series 2021-FL3-A (1 mo. Term SOFR + 1.36%, 1.36% Floor) | 5.10 %<sup>(a)</sup> | 11/16/2036 | 39012 |
|  | Granite Point Mortgage Trust, Inc. |  |  |  |
| 5258 | Series 2021-FL3-A (1 mo. Term SOFR + 1.61%, 1.36% Floor) | 5.35 %<sup>(a)</sup> | 07/16/2035 | 5268 |
|  | Great Wolf Trust |  |  |  |
| 100000 | Series 2024-WOLF-A (1 mo. Term SOFR + 1.54%, 1.54% Floor) | 5.29 %<sup>(a)</sup> | 03/15/2039 | 100264 |
|  | Greystone Commercial Real Estate Notes |  |  |  |
| 7897 | Series 2021-FL3-A (1 mo. Term SOFR + 1.13%, 1.02% Floor) | 4.88 %<sup>(a)</sup> | 07/15/2039 | 7914 |
|  | GS Mortgage Securities Corp. II |  |  |  |
| 3799848 | Series 2016-GS4-XA | 0.50 %<sup>(b)(c)</sup> | 11/10/2049 | 5923 |
|  | JP Morgan Chase Commercial Mortgage Securities |  |  |  |
| 86595 | Series 2021-MHC-A (1 mo. Term SOFR + 1.16%, 0.80% Floor) | 4.92 %<sup>(a)</sup> | 04/15/2038 | 86600 |
|  | KREF |  |  |  |
| 37288 | Series 2021-FL2-A (1 mo. Term SOFR + 1.18%, 1.07% Floor) | 4.92 %<sup>(a)</sup> | 02/15/2039 | 37365 |
|  | LoanCore |  |  |  |
| 10171 | Series 2021-CRE6-A (1 mo. Term SOFR + 1.41%, 1.30% Floor) | 5.16 %<sup>(a)</sup> | 11/15/2038 | 10188 |
| 28909 | Series 2022-CRE7-A (30 day avg SOFR US + 1.55%, 1.55% Floor) | 5.49 %<sup>(a)</sup> | 01/17/2037 | 28947 |
| 100000 | Series 2025-CRE9-A (1 mo. Term SOFR + 1.45%, 1.45% Floor) | 5.18 %<sup>(a)</sup> | 08/18/2042 | 100154 |
|  | MF1 Multifamily Housing Mortgage Loan Trust |  |  |  |
| 64931 | Series 2022-FL8-A (1 mo. Term SOFR + 1.35%, 1.35% Floor) | 5.08 %<sup>(a)</sup> | 02/19/2037 | 65012 |
| 49640 | Series 2022-FL9-A (1 mo. Term SOFR + 2.15%, 2.15% Floor) | 5.88 %<sup>(a)</sup> | 06/19/2037 | 49726 |
| 100000 | Series 2024-FL14-A (1 mo. Term SOFR + 1.74%, 1.74% Floor) | 5.47 %<sup>(a)</sup> | 03/19/2039 | 100347 |
|  | Morgan Stanley Bank of America Merrill Lynch Trust |  |  |  |
| 80762 | Series 2012-CKSV-A2 | 3.28 %<sup>(a)</sup> | 10/15/2030 | 77813 |
| 4953748 | Series 2017-C34-XE | 0.87 %<sup>(a)(b)(c)</sup> | 11/15/2052 | 68702 |
|  | Morgan Stanley Capital I, Inc. |  |  |  |
| 15277000 | Series 2017-ASHF-XCP | 0.00 %<sup>(a)(b)(c)</sup> | 03/31/2026 | 15 |
|  | MTN Commercial Mortgage Trust |  |  |  |
| 100000 | Series 2022-LPFL-A (1 mo. Term SOFR + 1.40%, 1.40% Floor) | 5.16 %<sup>(a)</sup> | 03/15/2039 | 99980 |
|  | Ready Capital Corp. |  |  |  |
| 10927 | Series 2021-FL7-A (1 mo. Term SOFR + 1.31%, 1.20% Floor) | 5.05 %<sup>(a)</sup> | 11/25/2036 | 10941 |
|  | SFO Commercial Mortgage Trust |  |  |  |
| 100000 | Series 2021-555-A (1 mo. Term SOFR + 1.26%, 1.15% Floor) | 5.01 %<sup>(a)</sup> | 05/15/2038 | 99857 |
|  | SG Commercial Mortgage Securities LLC |  |  |  |
| 1822001 | Series 2016-C5-XA | 1.81 %<sup>(b)(c)</sup> | 10/10/2048 | 5122 |
|  | SLG Office Trust |  |  |  |
| 18169000 | Series 2021-OVA-X | 0.26 %<sup>(a)(b)(c)</sup> | 07/15/2041 | 206324 |
|  | SREIT Trust |  |  |  |
| 100661 | Series 2021-MFP-A (1 mo. Term SOFR + 0.85%, 0.73% Floor) | 4.60 %<sup>(a)</sup> | 11/15/2038 | 100640 |
| 100000 | Series 2021-MFP2-A (1 mo. Term SOFR + 0.94%, 0.82% Floor) | 4.69 %<sup>(a)</sup> | 11/15/2036 | 99991 |
|  | Starwood Property Trust, Inc. |  |  |  |
| 41898 | Series 2021-FL2-A (1 mo. Term SOFR + 1.31%, 1.20% Floor) | 5.05 %<sup>(a)</sup> | 04/18/2038 | 41952 |
|  | TPG Real Estate Finance Issuer Ltd. |  |  |  |
| 59226 | Series 2022-FL5-A (1 mo. Term SOFR + 1.65%, 1.65% Floor) | 5.39 %<sup>(a)</sup> | 02/15/2039 | 59300 |
| 100000 | Series 2025-FL6-A (1 mo. Term SOFR + 1.54%, 1.54% Floor) | 5.27 %<sup>(a)</sup> | 09/18/2042 | 100335 |
|  | UBS Commercial Mortgage Trust |  |  |  |
| 5378000 | Series 2017-C3-XB | 0.40 %<sup>(b)(c)</sup> | 08/15/2050 | 37394 |
|  | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $5,352,995)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $5,352,995)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $5,352,995)** | **3843003** |
| **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 14.1%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 14.1%** |  |  |  |
|  | AJAX Mortgage Loan Trust |  |  |  |
| 149592 | Series 2021-C-A | 6.12 %<sup>(a)(d)</sup> | 01/25/2061 | 149700 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Chase Mortgage Finance Corp. |  |  |  |
| 523423 | Series 2006-A1-2A2 | 5.21 %<sup>(b)</sup> | 09/25/2036 | 466080 |
|  | Citigroup Mortgage Loan Trust, Inc. |  |  |  |
| 33009 | Series 2006-AR2-1A2 | 5.37 %<sup>(b)</sup> | 03/25/2036 | 32371 |
|  | COLT Funding LLC |  |  |  |
| 398039 | Series 2021-HX1-A1 | 1.11 %<sup>(a)(b)</sup> | 10/25/2066 | 346112 |
|  | Countrywide Alternative Loan Trust |  |  |  |
| 310689 | Series 2007-9T1-1A6 | 6.00% | 05/25/2037 | 141936 |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 578403 | Series 2022-NQM1-A1 | 2.27 %<sup>(a)(b)</sup> | 11/25/2066 | 531244 |
|  | Deutsche ALT-A Securities, Inc. |  |  |  |
| 261972 | Series 2006-AR6-A6 (1 mo. Term SOFR + 0.49%, 0.38% Floor, 10.50% Cap) | 4.23% | 02/25/2037 | 230897 |
|  | Lehman XS Trust |  |  |  |
| 114757 | Series 2007-6-2A1 (1 mo. Term SOFR + 0.53%, 0.42% Floor) | 4.27% | 05/25/2037 | 100412 |
|  | Merrill Lynch Alternative Note Asset |  |  |  |
| 744699 | Series 2007-OAR5-1A1 | 3.34 %<sup>(b)</sup> | 10/25/2047 | 184454 |
|  | Merrill Lynch Mortgage Backed Securities Trust |  |  |  |
| 762419 | Series 2007-2-1A1 (1 yr. CMT Rate + 2.40%, 2.40% Floor) | 6.01% | 08/25/2036 | 660343 |
|  | Onslow Bay Mortgage Loan Trust |  |  |  |
| 142948 | Series 2020-EXP2-A3 | 2.50 %<sup>(a)(b)</sup> | 05/25/2060 | 122659 |
|  | RALI Trust |  |  |  |
| 571590 | Series 2007-QS8-A3 (1 mo. Term SOFR + 0.71%, 0.60% Floor, 6.00% Cap) | 4.45% | 06/25/2037 | 430215 |
|  | Starwood Mortgage Residential Trust |  |  |  |
| 404036 | Series 2020-2-M1E | 3.00 %<sup>(a)</sup> | 04/25/2060 | 397992 |
| 282863 | Series 2021-5-A1 | 1.92 %<sup>(a)(b)</sup> | 09/25/2066 | 247638 |
|  | Velocity Commercial Capital Loan Trust |  |  |  |
| 113367 | Series 2018-2-A | 4.05 %<sup>(a)(b)</sup> | 10/26/2048 | 111499 |
| 368777 | Series 2021-2-M2 | 2.20 %<sup>(a)(b)</sup> | 08/25/2051 | 306417 |
|  | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $5,175,438)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $5,175,438)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $5,175,438)** | **4459969** |
| **US CORPORATE BONDS - 12.6%** | **US CORPORATE BONDS - 12.6%** |  |  |  |
| 11000 | AbbVie, Inc. | 4.88% | 03/15/2030 | 11336 |
| 24000 | Agree LP | 2.90% | 10/01/2030 | 22497 |
| 8000 | Altria Group, Inc. | 6.20% | 11/01/2028 | 8458 |
| 15000 | Altria Group, Inc. | 4.50% | 08/06/2030 | 15125 |
| 44000 | American Electric Power Co., Inc. | 5.20% | 01/15/2029 | 45365 |
| 45000 | American Express Co.<br> (SOFR + 1.26%) | 4.73% | 04/25/2029 | 45701 |
| 17000 | American Homes 4 Rent LP | 4.25% | 02/15/2028 | 17048 |
| 91000 | American Tower Corp. | 4.90% | 03/15/2030 | 92980 |
| 27000 | Amrize Finance US LLC | 4.70% | 04/07/2028 | 27336 |
| 29000 | AppLovin Corp. | 5.13% | 12/01/2029 | 29756 |
| 38000 | Arrow Electronics, Inc. | 5.15% | 08/21/2029 | 38921 |
| 35000 | Athene Global Funding | 4.72 %<sup>(a)</sup> | 10/08/2029 | 35059 |
| 55000 | Athene Global Funding | 5.03 %<sup>(a)</sup> | 07/17/2030 | 55444 |
| 23000 | Atlassian Corp. | 5.25% | 05/15/2029 | 23671 |
| 5000 | Avery Dennison Corp. | 4.88% | 12/06/2028 | 5108 |
| 4000 | Aviation Capital Group LLC | 6.25 %<sup>(a)</sup> | 04/15/2028 | 4158 |
| 60000 | Aviation Capital Group LLC | 4.80 %<sup>(a)</sup> | 10/24/2030 | 60055 |
| 12000 | Bank of America Corp.<br> (3 mo. Term SOFR + 1.32%) | 3.56% | 04/23/2027 | 11979 |
| 47000 | Bank of America Corp.<br> (SOFR + 0.83%) | 4.98% | 01/24/2029 | 47884 |
| 52000 | Biogen, Inc. | 5.05% | 01/15/2031 | 53679 |
| 20000 | Black Hills Corp. | 4.55% | 01/31/2031 | 20013 |
| 16000 | Boardwalk Pipelines LP | 4.45% | 07/15/2027 | 16065 |
| 20000 | Broadcom, Inc. | 4.35% | 02/15/2030 | 20137 |
| 8000 | Brown & Brown, Inc. | 4.70% | 06/23/2028 | 8099 |
| 7000 | Brown & Brown, Inc. | 4.50% | 03/15/2029 | 7035 |
| 24000 | Bunge Ltd. Finance Corp. | 4.20% | 09/17/2029 | 24054 |
| 23000 | Cardinal Health, Inc. | 5.13% | 02/15/2029 | 23695 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 15000 | CenterPoint Energy, Inc. | 5.40% | 06/01/2029 | 15541 |
| 38000 | Cheniere Energy Partners LP | 4.50% | 10/01/2029 | 38091 |
| 28000 | Citigroup, Inc.<br> (SOFR + 0.87%) | 4.79% | 03/04/2029 | 28405 |
| 60000 | Citigroup, Inc.<br> (SOFR + 1.34%) | 4.54% | 09/19/2030 | 60516 |
| 8000 | CNA Financial Corp. | 3.90% | 05/01/2029 | 7927 |
| 30000 | Corebridge Global Funding | 5.75 %<sup>(a)</sup> | 07/02/2026 | 30274 |
| 3000 | Coterra Energy, Inc. | 3.90% | 05/15/2027 | 2991 |
| 3000 | Coterra Energy, Inc. | 4.38% | 03/15/2029 | 3012 |
| 88000 | CubeSmart LP | 4.38% | 02/15/2029 | 88343 |
| 12000 | Darden Restaurants, Inc. | 4.35% | 10/15/2027 | 12064 |
| 7000 | DCP Midstream Operating LP | 5.13% | 05/15/2029 | 7163 |
| 49000 | Dell International LLC / EMC Corp. | 4.35% | 02/01/2030 | 49055 |
| 48000 | Delta Air Lines, Inc. | 4.95% | 07/10/2028 | 48876 |
| 7000 | Devon Energy Corp. | 5.25% | 10/15/2027 | 7000 |
| 27000 | Dominion Energy, Inc. | 5.00% | 06/15/2030 | 27755 |
| 28000 | DTE Energy Co. | 5.20% | 04/01/2030 | 28903 |
| 26000 | Edwards Lifesciences Corp. | 4.30% | 06/15/2028 | 26192 |
| 31000 | Elevance Health, Inc. | 5.15% | 06/15/2029 | 31996 |
| 44000 | Energy Transfer LP | 6.05% | 12/01/2026 | 44720 |
| 34000 | Equifax, Inc. | 4.80% | 09/15/2029 | 34566 |
| 47000 | Equinix Europe 2 Financing Corp. LLC | 4.60% | 11/15/2030 | 47153 |
| 18000 | Essential Utilities, Inc. | 4.80% | 08/15/2027 | 18228 |
| 2000 | Essential Utilities, Inc. | 3.57% | 05/01/2029 | 1960 |
| 48000 | Evergy Kansas Central, Inc. | 4.70% | 03/13/2028 | 48756 |
| 29000 | Exelon Corp. | 5.15% | 03/15/2029 | 29828 |
| 93000 | Extra Space Storage LP | 5.50% | 07/01/2030 | 96903 |
| 2000 | FirstEnergy Transmission LLC | 4.55% | 01/15/2030 | 2017 |
| 76000 | Fiserv, Inc. | 4.75% | 03/15/2030 | 76399 |
| 24000 | GATX Corp. | 4.70% | 04/01/2029 | 24285 |
| 2000 | GATX Corp. | 4.00% | 06/30/2030 | 1974 |
| 23000 | GE HealthCare Technologies, Inc. | 4.15% | 12/15/2028 | 23067 |
| 64000 | GE HealthCare Technologies, Inc. | 4.80% | 08/14/2029 | 65435 |
| 11000 | Global Payments, Inc. | 5.30% | 08/15/2029 | 11266 |
| 23000 | Global Payments, Inc. | 4.88% | 11/15/2030 | 23031 |
| 24000 | Goldman Sachs Group, Inc.<br> (SOFR + 0.90%) | 4.15% | 10/21/2029 | 23998 |
| 35000 | Hewlett Packard Enterprise Co. | 4.05% | 09/15/2027 | 35023 |
| 63000 | Hewlett Packard Enterprise Co. | 4.55% | 10/15/2029 | 63379 |
| 34000 | Hyundai Capital America | 4.55 %<sup>(a)</sup> | 09/26/2029 | 34218 |
| 20000 | Illumina, Inc. | 4.65% | 09/09/2026 | 20071 |
| 71000 | Interstate Power and Light Co. | 3.60% | 04/01/2029 | 69627 |
| 76000 | Jacobs Engineering Group, Inc. | 6.35% | 08/18/2028 | 80005 |
| 45000 | JPMorgan Chase & Co.<br> (SOFR + 0.92%) | 4.87% | 04/22/2028 | 45221 |
| 34000 | JPMorgan Chase & Co.<br> (SOFR + 0.80%) | 4.92% | 01/24/2029 | 34637 |
| 23000 | Kinder Morgan, Inc. | 5.00% | 02/01/2029 | 23539 |
| 21000 | Kyndryl Holdings, Inc. | 2.05% | 10/15/2026 | 20662 |
| 34000 | Laboratory Corp. of America Holdings | 4.35% | 04/01/2030 | 34063 |
| 24000 | LPL Holdings, Inc. | 4.63 %<sup>(a)</sup> | 11/15/2027 | 24004 |
| 16000 | M&T Bank Corp.<br> (SOFR + 0.93%) | 4.83% | 01/16/2029 | 16259 |
| 32000 | Marriott International, Inc./MD | 4.80% | 03/15/2030 | 32692 |
| 56000 | Mars, Inc. | 4.80 %<sup>(a)</sup> | 03/01/2030 | 57241 |
| 19000 | Marvell Technology, Inc. | 5.75% | 02/15/2029 | 19820 |
| 26000 | Marvell Technology, Inc. | 4.75% | 07/15/2030 | 26350 |
| 50000 | MasTec, Inc. | 4.50 %<sup>(a)</sup> | 08/15/2028 | 49746 |
| 11000 | Merck Sharp & Dohme Corp. | 5.95% | 12/01/2028 | 11658 |
| 23000 | Meritage Homes Corp. | 5.13% | 06/06/2027 | 23166 |
| 3000 | Meritage Homes Corp. | 3.88 %<sup>(a)</sup> | 04/15/2029 | 2948 |
| 11000 | Meta Platforms, Inc. | 4.20% | 11/15/2030 | 11026 |
| 29000 | Molex Electronic Technologies LLC | 4.75 %<sup>(a)</sup> | 04/30/2028 | 29346 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 48000 | MPLX LP | 4.80% | 02/15/2029 | 48776 |
| 23000 | National Fuel Gas Co. | 5.50% | 03/15/2030 | 23755 |
| 11000 | National Rural Utilities Cooperative Finance Corp. | 4.75% | 02/07/2028 | 11177 |
| 11000 | National Rural Utilities Cooperative Finance Corp. | 4.15% | 08/25/2028 | 11061 |
| 4000 | New York Life Global Funding | 4.70 %<sup>(a)</sup> | 01/29/2029 | 4073 |
| 22000 | NextEra Energy Capital Holdings, Inc. | 4.69% | 09/01/2027 | 22273 |
| 37000 | NGPL PipeCo LLC | 4.88 %<sup>(a)</sup> | 08/15/2027 | 37161 |
| 48000 | Niagara Mohawk Power Corp. | 4.65 %<sup>(a)</sup> | 10/03/2030 | 48373 |
| 47000 | NiSource, Inc. | 5.20% | 07/01/2029 | 48475 |
| 52000 | Northrop Grumman Corp. | 4.65% | 07/15/2030 | 52947 |
| 22000 | Omega Healthcare Investors, Inc. | 4.75% | 01/15/2028 | 22187 |
| 48000 | ONEOK, Inc. | 5.38% | 06/01/2029 | 49481 |
| 24000 | ONEOK, Inc. | 4.40% | 10/15/2029 | 24115 |
| 15000 | Oracle Corp. | 4.45% | 09/26/2030 | 14678 |
| 4000 | Pacific Life Global Funding II<br> (SOFR + 0.62%) | 4.48 %<sup>(a)</sup> | 06/04/2026 | 4007 |
| 13000 | Paychex, Inc. | 5.10% | 04/15/2030 | 13390 |
| 48000 | Penske Truck Leasing Co. Lp / PTL Finance Corp. | 5.25 %<sup>(a)</sup> | 02/01/2030 | 49445 |
| 48000 | Phillips Edison Grocery Center Operating Partnership I LP | 2.63% | 11/15/2031 | 43107 |
| 14000 | Pinnacle West Capital Corp. | 4.90% | 05/15/2028 | 14264 |
| 45000 | Public Service Enterprise Group, Inc. | 5.88% | 10/15/2028 | 47019 |
| 23000 | Quanta Services, Inc. | 4.75% | 08/09/2027 | 23295 |
| 22000 | Quanta Services, Inc. | 4.50% | 01/15/2031 | 22058 |
| 16000 | Quest Diagnostics, Inc. | 4.20% | 06/30/2029 | 16068 |
| 49000 | Republic Services, Inc. | 4.75% | 07/15/2030 | 50192 |
| 15000 | Roper Technologies, Inc. | 4.25% | 09/15/2028 | 15057 |
| 18000 | Ryder System, Inc. | 4.30% | 12/01/2030 | 17928 |
| 12000 | Sherwin-Williams Co. | 4.55% | 03/01/2028 | 12147 |
| 21000 | Sherwin-Williams Co. | 4.30% | 08/15/2028 | 21135 |
| 20000 | Sonoco Products Co. | 4.45% | 09/01/2026 | 20045 |
| 6000 | Southern Co. Gas Capital Corp. | 4.05% | 09/15/2028 | 6004 |
| 21000 | Southern Power Co. | 4.25% | 10/01/2030 | 20954 |
| 24000 | Sysco Corp. | 5.10% | 09/23/2030 | 24791 |
| 35000 | Targa Resources Partners LP / Targa Resources Partners Finance Corp. | 6.88% | 01/15/2029 | 35418 |
| 34000 | Targa Resources Partners LP / Targa Resources Partners Finance Corp. | 5.50% | 03/01/2030 | 34535 |
| 86000 | Truist Financial Corp.<br> (SOFR + 2.45%) | 7.16% | 10/30/2029 | 92791 |
| 27000 | Uber Technologies, Inc. | 4.15% | 01/15/2031 | 26914 |
| 52000 | Veralto Corp. | 5.50% | 09/18/2026 | 52457 |
| 26000 | Verisk Analytics, Inc. | 4.50% | 08/15/2030 | 26209 |
| 67000 | VICI Properties LP / VICI Note Co., Inc. | 4.25 %<sup>(a)</sup> | 12/01/2026 | 67008 |
| 45000 | Wells Fargo & Co.<br> (SOFR + 1.07%) | 5.02% | 04/22/2028 | 45262 |
| 23000 | Wells Fargo & Co.<br> (SOFR + 1.79%) | 6.30% | 10/23/2029 | 24308 |
| 5000 | Western Midstream Operating LP | 6.35% | 01/15/2029 | 5264 |
| 30000 | Western Midstream Operating LP | 4.05% | 02/01/2030 | 29404 |
| 35000 | Williams Cos., Inc. | 4.80% | 11/15/2029 | 35728 |
| 9000 | Zimmer Biomet Holdings, Inc. | 4.70% | 02/19/2027 | 9078 |
| 27000 | Zimmer Biomet Holdings, Inc. | 5.05% | 02/19/2030 | 27856 |
|  | **Total US Corporate Bonds (Cost $3,911,901)** |  |  | **3974719** |
| **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 4.3%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 4.3%** |  |  |  |
|  | Federal Home Loan Mortgage Corp. |  |  |  |
| 189679 | Pool SD8342 | 5.50% | 07/01/2053 | 192993 |
|  | Federal National Mortgage Association |  |  |  |
| 1163687 | Series 2013-92-FA (30 day avg SOFR US + 0.66%, 0.55% Floor, 6.50% Cap) | 4.54% | 09/25/2043 | 1154972 |
|  | **Total US Government and Agency Mortgage Backed Obligations (Cost $1,318,442)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $1,318,442)** |  | **1347965** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **US GOVERNMENT AND AGENCY OBLIGATIONS - 17.9%** | **US GOVERNMENT AND AGENCY OBLIGATIONS - 17.9%** |  |  |  |
| 113021 | United States Treasury Inflation Indexed Bonds | 2.38% | 01/15/2027 | 113932 |
| 161449 | United States Treasury Inflation Indexed Bonds | 0.13% | 04/15/2027 | 158557 |
| 76941 | United States Treasury Inflation Indexed Bonds | 1.63% | 10/15/2027 | 77536 |
| 2600000 | United States Treasury Note/Bond | 0.63% | 03/31/2027 | 2510473 |
| 630000 | United States Treasury Note/Bond | 0.50% | 06/30/2027 | 602930 |
| 1200000 | United States Treasury Note/Bond | 3.50% | 10/31/2027 | 1200352 |
| 1000000 | United States Treasury Note/Bond | 3.50% | 11/15/2028 | 999023 |
|  | **Total US Government and Agency Obligations (Cost $5,643,943)** |  |  | **5662803** |
| **AFFILIATED MUTUAL FUNDS - 2.1%** | **AFFILIATED MUTUAL FUNDS - 2.1%** |  |  |  |
| 72135 | DoubleLine Floating Rate Fund - Class I |  |  | 647048 |
|  | **Total Affiliated Mutual Funds (Cost $686,722)** |  |  | **647048** |
| **SHORT TERM INVESTMENTS - 4.0%** | **SHORT TERM INVESTMENTS - 4.0%** |  |  |  |
| 424981 | First American Government Obligations Fund - U | 3.69 %<sup>(e)</sup> |  | 424981 |
| 424981 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(e)</sup> |  | 424981 |
| 424981 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(e)</sup> |  | 424981 |
|  | **Total Short Term Investments (Cost $1,274,943)** |  |  | **1274943** |
|  | **Total Investments - 87.9% (Cost $29,896,927)** |  |  | **27748004** |
|  | **Other Assets in Excess of Liabilities - 12.1%** |  |  | **3820438** |
|  | **NET ASSETS - 100.0%** |  |  | $**31568442** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN** as a % of Net Assets: | |
| US Government and Agency Obligations | 17.9% |
| Non-Agency Residential Collateralized Mortgage Obligations | 14.1% |
| Collateralized Loan Obligations | 12.7% |
| US Corporate Bonds | 12.6% |
| Non-Agency Commercial Mortgage Backed Obligations | 12.2% |
| Asset Backed Obligations | 6.7% |
| US Government and Agency Mortgage Backed Obligations | 4.3% |
| Short Term Investments | 4.0% |
| Affiliated Mutual Funds | 2.1% |
| Foreign Corporate Bonds | 1.3% |
| Other Assets and Liabilities | 12.1% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **INVESTMENT BREAKDOWN** as a % of Net Assets: | |
| US Government and Agency Obligations | 17.9% |
| Non-Agency Residential Collateralized Mortgage Obligations | 14.1% |
| Collateralized Loan Obligations | 12.7% |
| Non-Agency Commercial Mortgage Backed Obligations | 12.2% |
| Asset Backed Obligations | 6.7% |
| US Government and Agency Mortgage Backed Obligations | 4.3% |
| Short Term Investments | 4.0% |
| Affiliated Mutual Funds | 2.1% |
| Technology | 2.0% |
| Banking | 1.8% |
| Energy | 1.7% |

---

---

| | |
|:---|:---|
| Utilities | 1.5% |
| Real Estate | 0.9% |
| Healthcare | 0.9% |
| Transportation | 0.6% |
| Finance | 0.6% |
| Industrial Equipment | 0.6% |
| Insurance | 0.5% |
| Food Products | 0.3% |
| Aerospace & Defense | 0.3% |
| Hotels/Motels/Inns and Casinos | 0.3% |
| Telecommunications | 0.3% |
| Pharmaceuticals | 0.2% |
| Construction | 0.2% |
| Diversified Manufacturing | 0.2% |
| Beverage and Tobacco | 0.2% |
| Environmental Control | 0.2% |
| Media | 0.1% |
| Automotive | 0.1% |
| Mining | 0.1% |
| Chemicals/Plastics | 0.1% |
| Commercial Services | 0.1% |
| Containers and Glass Products | 0.1% |
| Food Service | 0.0 %<sup>(f)</sup> |
| Other Assets and Liabilities | 12.1% |
| Net Assets | 100.0% |

---

**(a)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $11,801,942 or 37.4% of the Fund's net assets.** 

**(b)** **Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of period end.** 

**(c)** **Interest only security** 

**(d)** **Step Bond; Coupon rate changes based on a predetermined schedule or event. The interest rate shown is the rate in effect as of period end.** 

**(e)** **Seven-day yield as of period end.** 

**(f)** **Represents less than 0.05% of net assets.** 

---

| | |
|:---|:---|
| **CMT** | **Constant Maturity Treasury Rate** |
| **SOFR** | **Secured Overnight Financing Rate** |

---

**Swap Agreements**

**Excess Return Swaps**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Entity** | **Counterparty** | **Long/ Short** | **Financing Rate** | **Payment Frequency** | **Termination Date** | **Notional Amount** | **Notional Amount** | **Value** | **Upfront Premiums Paid/ (Received)** | **Unrealized Appreciation (Depreciation)** |
| Shiller Barclays CAPE<sup>®</sup> Europe Sector Net ER NoC Index <sup>(1)</sup> | BNP Paribas Securities Corp. | Long | 0.20% | Termination | 05/21/2026 | 14400000 | EUR | $1873818 | $— | $1873818 |
| Shiller Barclays CAPE<sup>®</sup> Europe Sector Net ER NoC Index <sup>(1)</sup> | BNP Paribas Securities Corp. | Long | 0.20% | Termination | 02/19/2026 | 11000000 | EUR | 655286 |  | 655286 |
|  |  |  |  |  |  |  |  | $2529104 | $— | $2529104 |

---

**(1)** **Shiller Barclays CAPE<sup>®</sup> Europe Sector Net ER NoC Index aims to provide notional long exposure to the top four European equity sectors that are relatively undervalued, as defined by a modified version of the classic CAPE<sup>®</sup> Ratio (the "Relative CAPE<sup>®</sup> Indicator") and that possess relatively strong price momentum over the prior twelve months. Each European sector is represented by an index of equity securities of companies in the relevant sector. Information on the sector constituents as of December 31, 2025, is available on the Barclays Capital, Inc. website at https://indices.barclays/IM/12/en/indices/details.app;ticker=BXIIESAE.** 

---

| | |
|:---|:---|
| **EUR** | **Euro** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Forward Currency Exchange Contracts** | **Forward Currency Exchange Contracts** | **Forward Currency Exchange Contracts** | **Forward Currency Exchange Contracts** | **Forward Currency Exchange Contracts** | | | | |
| **Settlement Date** | **Counterparty** | **Currency to be Delivered** | **Currency to be Delivered** | **Value** | **Currency to be Received** | **Currency to be Received** | **Value** | **Unrealized Appreciation (Depreciation)** |
| 02/04/2026 | &nbsp;&nbsp;Goldman Sachs | 5152676 | USD | $5152676 | 4900000 | EUR | $5768201 | $615524 |
| 02/04/2026 | &nbsp;&nbsp;Barclays Capital, Inc. | 4206447 | USD | 4206447 | 4000000 | EUR | 4708735 | 502289 |
| 06/10/2026 | &nbsp;&nbsp;Goldman Sachs | 12643384 | USD | 12643384 | 10800000 | EUR | 12785193 | 141809 |
| 02/04/2026 | &nbsp;&nbsp;J.P. Morgan Securities, Inc. | 1393754 | USD | 1393754 | 1200000 | EUR | 1412621 | 18867 |
| 06/10/2026 | &nbsp;&nbsp;Barclays Capital, Inc. | 584328 | USD | 584328 | 500000 | EUR | 591907 | 7579 |
| 10/07/2026 | &nbsp;&nbsp;Barclays Capital, Inc. | 357378 | USD | 357378 | 300000 | EUR | 356765 | (613) |
| 10/07/2026 | &nbsp;&nbsp;Goldman Sachs | 1787817 | USD | 1787817 | 1500000 | EUR | 1783825 | (3991) |
| 06/10/2026 | &nbsp;&nbsp;Barclays Capital, Inc. | 500000 | EUR | 591907 | 585201 | USD | 585201 | (6706) |
| 02/04/2026 | &nbsp;&nbsp;Barclays Capital, Inc. | 1000000 | EUR | 1177184 | 1167779 | USD | 1167779 | (9405) |
| 06/10/2026 | &nbsp;&nbsp;Goldman Sachs | 1000000 | EUR | 1183814 | 1173814 | USD | 1173814 | (10001) |
| 10/07/2026 | &nbsp;&nbsp;J.P. Morgan Securities, Inc. | 8339391 | USD | 8339391 | 7000000 | EUR | 8324519 | (14872) |
| 06/10/2026 | &nbsp;&nbsp;J.P. Morgan Securities, Inc. | 1700000 | EUR | 2012484 | 1992298 | USD | 1992298 | (20186) |
| 02/04/2026 | &nbsp;&nbsp;J.P. Morgan Securities, Inc. | 600000 | EUR | 706310 | 630773 | USD | 630773 | (75537) |
|  |  |  |  |  |  |  |  | $1144757 |

---

---

| | |
|:---|:---|
| **EUR** | **Euro** |
| **USD** | **US Dollar** |

---

A summary of the DoubleLine Shiller Enhanced International CAPE<sup>®</sup>'s investments in affiliated mutual funds for the period ended December 31, 2025 is as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Fund** | **Value at** <br>**March 31, 2025**  | **Gross Purchases** | **Change in Unrealized for the Period Ended<br> December 31, 2025** | **Value at<br> December 31, 2025** | **Shares Held at December 31, 2025** | **Dividend Income Earned for the Period Ended December 31, 2025** |
| DoubleLine Floating Rate Fund (Class I) | $640555 | $– $– $– $| 6493 | $647048 | 72135 | $34159 |

---

---

| | |
|:---|:---|
| **DoubleLine Emerging Markets Local Currency Bond Fund** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **FOREIGN CORPORATE BONDS - 14.9%** | **FOREIGN CORPORATE BONDS - 14.9%** | **FOREIGN CORPORATE BONDS - 14.9%** | **FOREIGN CORPORATE BONDS - 14.9%** | **FOREIGN CORPORATE BONDS - 14.9%** |
| **BRAZIL - 0.0%<sup>(a)</sup>** | **BRAZIL - 0.0%<sup>(a)</sup>** | **BRAZIL - 0.0%<sup>(a)</sup>** | **BRAZIL - 0.0%<sup>(a)</sup>** | **BRAZIL - 0.0%<sup>(a)</sup>** |
| 550,000 BRL | Simpar Finance SARL | 10.75 %<sup>(b)</sup> | 02/12/2028 | 81299 |
| **CHINA - 0.1%** |  |  |  |  |
| 2,000,000 CNY | European Bank for Reconstruction & Development | 2.75% | 04/27/2032 | 299625 |
| **COLOMBIA - 0.1%** |  |  |  |  |
| 833,000,000 COP | Empresas Publicas de Medellin ESP | 8.38 %<sup>(b)</sup> | 11/08/2027 | 202762 |
| **INDIA - 8.1%** |  |  |  |  |
| 710,500,000 INR | Asian Development Bank | 6.20% | 10/06/2026 | 7882132 |
| 478,500,000 INR | European Investment Bank | 6.95 %<sup>(b)</sup> | 03/01/2029 | 5373381 |
| 880,000,000 INR | Inter-American Development Bank | 7.00% | 01/25/2029 | 9898598 |
| 706,000,000 INR | International Bank for Reconstruction & Development | 6.85% | 04/24/2028 | 7847681 |
|  |  |  |  | 31001792 |
| **INDONESIA - 2.8%** |  |  |  |  |
| 150,000,000,000 IDR | Asian Development Bank | 7.80% | 03/15/2034 | 10239761 |
| 4,800,000,000 IDR | European Bank for Reconstruction & Development | 4.25% | 02/07/2028 | 283783 |
|  |  |  |  | 10523544 |
| **MEXICO - 2.7%** |  |  |  |  |
| 4,500,000 MXN | America Movil SAB de CV | 10.30% | 01/30/2034 | 264064 |
| 180,700,000 MXN | International Finance Corp. | 7.50% | 01/18/2028 | 9973797 |
|  |  |  |  | 10237861 |
| **POLAND - 1.1%** |  |  |  |  |
| 16,600,000 PLN | European Investment Bank | 3.00% | 11/25/2029 | 4405444 |
|  | **Total Foreign Corporate Bonds (Cost $57,374,796)** | **Total Foreign Corporate Bonds (Cost $57,374,796)** | **Total Foreign Corporate Bonds (Cost $57,374,796)** | **56752327** |
| **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 78.7%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 78.7%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 78.7%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 78.7%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 78.7%** |
| **BRAZIL - 9.1%** |  |  |  |  |
| 86,000,000 BRL | Brazil Notas de Tesouro Nacional - Serie F | 10.00% | 01/01/2027 | 15201290 |
| 54,000,000 BRL | Brazil Notas de Tesouro Nacional - Serie F | 10.00% | 01/01/2029 | 9129754 |
| 64,000,000 BRL | Brazil Notas de Tesouro Nacional - Serie F | 10.00% | 01/01/2031 | 10276562 |
|  |  |  |  | 34607606 |
| **CHILE - 2.8%** |  |  |  |  |
| 90,000,000 CLP | Bonos de la Tesoreria de la Republica en pesos | 4.50% | 03/01/2026 | 99937 |
| 9,370,000,000 CLP | Bonos de la Tesoreria de la Republica en pesos | 5.80 %<sup>(b)</sup> | 10/01/2029 | 10674440 |
|  |  |  |  | 10774377 |
| **COLOMBIA - 3.5%** |  |  |  |  |
| 15,634,000,000 COP | Colombian TES | 7.50% | 08/26/2026 | 4095266 |
| 49,268,400,000 COP | Colombian TES | 7.25% | 10/18/2034 | 9283714 |
|  |  |  |  | 13378980 |
| **CZECH REPUBLIC - 4.4%** | **CZECH REPUBLIC - 4.4%** |  |  |  |
| 180,200,000 CZK | Czech Republic Government Bond | 2.75% | 07/23/2029 | 8444789 |
| 189,400,000 CZK | Czech Republic Government Bond | 3.00% | 03/03/2033 | 8456212 |
|  |  |  |  | 16901001 |
| **HUNGARY - 4.7%** |  |  |  |  |
| 3,644,000,000 HUF | Hungary Government Bond | 4.75% | 11/24/2032 | 10039983 |
| 2,550,400,000 HUF | Hungary Government Bond | 7.00% | 10/24/2035 | 7907996 |
|  |  |  |  | 17947979 |
| **INDIA - 0.0%<sup>(a)</sup>** |  |  |  |  |
| 12,000,000 INR | Export-Import Bank of Korea | 8.10% | 10/16/2030 | 137974 |
| **INDONESIA - 7.2%** |  |  |  |  |
| 108,515,000,000 IDR | Indonesia Treasury Bond | 8.25% | 05/15/2029 | 7090601 |
| 126,430,000,000 IDR | Indonesia Treasury Bond | 8.38% | 03/15/2034 | 8675581 |
| 110,362,000,000 IDR | Indonesia Treasury Bond | 7.50% | 06/15/2035 | 7257069 |
| 68,420,000,000 IDR | Indonesia Treasury Bond | 6.75% | 07/15/2035 | 4320862 |
|  |  |  |  | 27344113 |
| **MALAYSIA - 4.5%** |  |  |  |  |
| 38,800,000 MYR | Malaysia Government Bond | 3.58% | 07/15/2032 | 9673717 |
| 30,000,000 MYR | Malaysia Government Bond | 3.83% | 07/05/2034 | 7581192 |
|  |  |  |  | 17254909 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **MEXICO - 9.5%** | **MEXICO - 9.5%** | **MEXICO - 9.5%** | **MEXICO - 9.5%** | |
| 183,280,000 MXN | Mexican Bonos | 7.75% | 05/29/2031 | 9813505 |
| 241,100,000 MXN | Mexican Bonos | 7.50% | 05/26/2033 | 12466423 |
| 275,900,000 MXN | Mexican Bonos | 8.00% | 02/21/2036 | 14200634 |
|  |  |  |  | 36480562 |
| **PERU - 6.3%** |  |  |  |  |
| 33,870,000 PEN | Peru Government Bond | 5.40% | 08/12/2034 | 10045639 |
| 42,700,000 PEN | Peru Government Bond | 7.60 %<sup>(b)</sup> | 08/12/2039 | 13879915 |
| 350,000 PEN | Peruvian Government International Bond | 6.90% | 08/12/2037 | 108950 |
|  |  |  |  | 24034504 |
| **PHILIPPINES - 0.0%<sup>(a)</sup>** | **PHILIPPINES - 0.0%<sup>(a)</sup>** |  |  |  |
| 4,500,000 PHP | Philippine Government Bond | 6.88% | 01/10/2029 | 79507 |
| **POLAND - 4.3%** |  |  |  |  |
| 9,400,000 PLN | Republic of Poland Government Bond | 4.50% | 07/25/2030 | 2624780 |
| 22,075,000 PLN | Republic of Poland Government Bond | 1.75% | 04/25/2032 | 5185343 |
| 31,700,000 PLN | Republic of Poland Government Bond | 5.00% | 10/25/2034 | 8798837 |
|  |  |  |  | 16608960 |
| **ROMANIA - 3.2%** |  |  |  |  |
| 33,360,000 RON | Romania Government Bond | 6.30% | 04/26/2028 | 7657438 |
| 18,900,000 RON | Romania Government Bond | 8.00% | 04/29/2030 | 4572380 |
|  |  |  |  | 12229818 |
| **SINGAPORE - 4.5%** |  |  |  |  |
| 9,100,000 SGD | Singapore Government Bond | 2.75% | 03/01/2035 | 7487115 |
| 12,100,000 SGD | Singapore Government Bond | 2.38% | 07/01/2039 | 9558606 |
|  |  |  |  | 17045721 |
| **SOUTH AFRICA - 10.7%** | **SOUTH AFRICA - 10.7%** |  |  |  |
| 224,360,000 ZAR | Republic of South Africa Government Bond | 8.88% | 02/28/2035 | 14116865 |
| 243,620,000 ZAR | Republic of South Africa Government Bond | 8.50% | 01/31/2037 | 14591684 |
| 174,400,000 ZAR | Republic of South Africa Government Bond | 10.88% | 03/31/2038 | 12175251 |
|  |  |  |  | 40883800 |
| **THAILAND - 4.0%** |  |  |  |  |
| 55,100,000 THB | Thailand Government Bond | 2.40% | 11/17/2027 | 1791789 |
| 172,450,000 THB | Thailand Government Bond | 3.35% | 06/17/2033 | 6230152 |
| 224,800,000 THB | Thailand Government Bond | 1.59% | 12/17/2035 | 7125712 |
|  |  |  |  | 15147653 |
|  | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $289,049,055)** |  |  | **300857464** |
| **SHORT TERM INVESTMENTS - 4.8%** | **SHORT TERM INVESTMENTS - 4.8%** |  |  |  |
| 6,168,668 USD | BlackRock Liquidity FedFund - Institutional | 3.66 %<sup>(c)</sup> |  | 6168668 |
| 6,168,755 USD | Fidelity Government Portfolio - Institutional | 3.67 %<sup>(c)</sup> |  | 6168755 |
| 6,169,179 USD | MSILF Government Portfolio - Institutional | 3.70 %<sup>(c)</sup> |  | 6169179 |
|  | **Total Short Term Investments (Cost $18,506,602)** |  |  | **18506602** |
|  | **Total Investments - 98.4% (Cost $364,930,453)** |  |  | **376116393** |
|  | **Other Assets in Excess of Liabilities - 1.6%** |  |  | **5990022** |
|  | **NET ASSETS - 100.0%** |  |  | $**382106415** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN** as a % of Net Assets: | |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 78.7% |
| Foreign Corporate Bonds | 14.9% |
| Short Term Investments | 4.8% |
| Other Assets and Liabilities | 1.6% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **INVESTMENT BREAKDOWN** as a % of Net Assets: | |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 78.7% |
| Finance | 14.7% |
| Short Term Investments | 4.8% |
| Telecommunications | 0.1% |
| Utilities | 0.1% |
| Transportation | 0.0 %<sup>(a)</sup> |
| Other Assets and Liabilities | 1.6% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **COUNTRY BREAKDOWN** as a % of Net Assets: | |
| Mexico | 12.2% |
| South Africa | 10.7% |
| Indonesia | 10.0% |
| Brazil | 9.1% |
| India | 8.1% |
| Peru | 6.3% |
| Poland | 5.4% |
| United States | 4.8% |
| Hungary | 4.7% |
| Malaysia | 4.5% |
| Singapore | 4.5% |
| Czech Republic | 4.4% |
| Thailand | 4.0% |
| Colombia | 3.6% |
| Romania | 3.2% |
| Chile | 2.8% |
| China | 0.1% |
| Philippines | 0.0 %<sup>(a)</sup> |
| Other Assets and Liabilities | 1.6% |
| Net Assets | 100.0% |

---

**(a)** **Represents less than 0.05% of net assets.** 

**(b)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $30,211,797 or 7.9% of the Fund's net assets.** 

**(c)** **Seven-day yield as of period end.** 

---

| | |
|:---|:---|
| **BRL** | **Brazilian Real** |
| **CLP** | **Chilean Peso** |
| **CNY** | **Chinese Yuan Renminbi** |
| **COP** | **Colombian Peso** |
| **CZK** | **Czech Republic Koruna** |
| **HUF** | **Hungarian Forint** |
| **IDR** | **Indonesian Rupiah** |
| **INR** | **Indian Rupee** |
| **MXN** | **Mexican Peso** |
| **MYR** | **Malaysian Ringgit** |
| **PEN** | **Peruvian Sol** |
| **PHP** | **Philippine Peso** |
| **PLN** | **Polish Zloty** |
| **RON** | **Romanian Leu** |
| **SGD** | **Singapore Dollar** |
| **THB** | **Thai Baht** |
| **ZAR** | **South African Rand** |
| **USD** | **United States Dollar** |

---

---

| | |
|:---|:---|
| **DoubleLine Securitized Credit Fund** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **ASSET BACKED OBLIGATIONS - 10.0%** | **ASSET BACKED OBLIGATIONS - 10.0%** | **ASSET BACKED OBLIGATIONS - 10.0%** | **ASSET BACKED OBLIGATIONS - 10.0%** |  |
|  | ALTDE Trust |  |  |  |
| 945683 | &nbsp;&nbsp;Series 2025-1A-B | 6.53 %<sup>(a)</sup> | 08/15/2050 | 955364 |
|  | Apollo Aviation Securitization Equity Trust |  |  |  |
| 408500 | &nbsp;&nbsp;Series 2024-1A-B | 6.90 %<sup>(a)</sup> | 05/16/2049 | 416181 |
| 273510 | &nbsp;&nbsp;Series 2024-2A-B | 6.61 %<sup>(a)</sup> | 09/16/2049 | 276497 |
| 468912 | &nbsp;&nbsp;Series 2025-1A-B | 6.58 %<sup>(a)</sup> | 02/16/2050 | 474874 |
|  | Avant Credit Card Master Trust |  |  |  |
| 650000 | &nbsp;&nbsp;Series 2025-1A-D | 5.72 %<sup>(a)</sup> | 04/15/2031 | 650602 |
|  | Cologix Data Centers US Issuer LLC |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2021-1A-A2 | 3.30 %<sup>(a)</sup> | 12/26/2051 | 983208 |
|  | Compass Datacenters LLC |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2024-1A-B | 7.00 %<sup>(a)</sup> | 02/25/2049 | 510709 |
|  | DataBank Issuer II LLC |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2025-1A-B | 5.67 %<sup>(a)</sup> | 09/27/2055 | 979644 |
|  | DigitalBridge Group, Inc. |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2023-1A-B | 5.75 %<sup>(a)</sup> | 09/15/2048 | 499573 |
|  | Hardee's Funding |  |  |  |
| 491250 | &nbsp;&nbsp;Series 2024-1A-A2 | 7.25 %<sup>(a)</sup> | 03/20/2054 | 508644 |
|  | Helios Issuer LLC |  |  |  |
| 527815 | &nbsp;&nbsp;Series 2019-AA-B | 4.49 %<sup>(a)</sup> | 06/20/2046 | 474448 |
|  | Hotwire Funding LLC |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2021-1-B | 2.66 %<sup>(a)</sup> | 11/20/2051 | 980597 |
|  | Lunar Structured Aircraft Portfolio Notes |  |  |  |
| 412724 | &nbsp;&nbsp;Series 2021-1-C | 5.68 %<sup>(a)</sup> | 10/15/2046 | 406247 |
|  | Navigator Aircraft ABS Ltd. |  |  |  |
| 990491 | &nbsp;&nbsp;Series 2025-1-B | 5.89 %<sup>(a)</sup> | 10/15/2050 | 991407 |
|  | NBC Funding LLC |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2025-1A-A2 | 6.21 %<sup>(a)</sup> | 07/30/2055 | 507727 |
|  | QTS Issuer ABS II LLC |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2025-1A-B | 5.78 %<sup>(a)</sup> | 10/05/2055 | 972350 |
|  | SSI ABS Issuer LLC |  |  |  |
| 242642 | &nbsp;&nbsp;Series 2025-1-A | 6.15 %<sup>(a)</sup> | 07/25/2065 | 246221 |
|  | Start Ltd./Bermuda |  |  |  |
| 18193 | &nbsp;&nbsp;Series 2019-1-C | 6.41 %<sup>(a)</sup> | 03/15/2044 | 18304 |
|  | Switch Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2024-1A-B | 6.50 %<sup>(a)</sup> | 03/25/2054 | 503977 |
| 750000 | &nbsp;&nbsp;Series 2024-2A-C | 10.03 %<sup>(a)</sup> | 06/25/2054 | 771302 |
|  | Uniti Group LP |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2025-1A-B | 6.37 %<sup>(a)</sup> | 04/20/2055 | 511952 |
|  | Upstart Securitization Trust |  |  |  |
| 810951 | &nbsp;&nbsp;Series 2022-4-B | 8.68 %<sup>(a)</sup> | 08/20/2032 | 813318 |
| 500000 | &nbsp;&nbsp;Series 2025-2-C | 6.02 %<sup>(a)</sup> | 06/20/2035 | 505181 |
| 1150000 | &nbsp;&nbsp;Series 2025-3-C | 5.43 %<sup>(a)</sup> | 09/20/2035 | 1143816 |
|  | Willis Lease Finance Corp. |  |  |  |
| 209950 | &nbsp;&nbsp;Series 2020-A-C | 6.66 %<sup>(a)</sup> | 03/15/2045 | 207846 |
|  | **Total Asset Backed Obligations (Cost $15,154,034)** | **Total Asset Backed Obligations (Cost $15,154,034)** | **Total Asset Backed Obligations (Cost $15,154,034)** | **15309989** |
| **COLLATERALIZED LOAN OBLIGATIONS - 11.3%** | **COLLATERALIZED LOAN OBLIGATIONS - 11.3%** | **COLLATERALIZED LOAN OBLIGATIONS - 11.3%** | **COLLATERALIZED LOAN OBLIGATIONS - 11.3%** |  |
|  | Anthelion CLO |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2025-1A-A1 (3 mo. Term SOFR + 1.50%, 1.50% Floor) | 5.82 %<sup>(a)</sup> | 07/20/2036 | 501757 |
|  | Apidos CLO |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2024-1A-D1R (3 mo. Term SOFR + 2.70%, 2.70% Floor) | 6.83 %<sup>(a)</sup> | 10/25/2038 | 501954 |
|  | Bain Capital Credit CLO |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2024-1A-D1 (3 mo. Term SOFR + 3.85%, 3.85% Floor) | 7.74 %<sup>(a)</sup> | 04/16/2037 | 507798 |
| 1000000 | &nbsp;&nbsp;Series 2025-3A-D1 (3 mo. Term SOFR + 2.85%, 2.85% Floor) | 7.06 %<sup>(a)</sup> | 07/23/2038 | 1009417 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Benefit Street Partners CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2025-41A-A (3 mo. Term SOFR + 1.30%, 1.30% Floor) | 5.62 %<sup>(a)</sup> | 07/25/2038 | 1003293 |
|  | Canyon Capital CLO Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2021-1A-E (3 mo. Term SOFR + 6.67%, 6.41% Floor) | 10.58 %<sup>(a)</sup> | 04/15/2034 | 474705 |
|  | Canyon CLO |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2021-3A-ER (3 mo. Term SOFR + 6.00%, 6.00% Floor) | 9.90 %<sup>(a)</sup> | 07/15/2034 | 484178 |
|  | Carlyle Global Market Strategies |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2018-4A-D1R (3 mo. Term SOFR + 3.10%, 3.10% Floor) | 6.98 %<sup>(a)</sup> | 10/17/2037 | 500389 |
| 500000 | &nbsp;&nbsp;Series 2024-2A-D (3 mo. Term SOFR + 3.85%, 3.85% Floor) | 7.71 %<sup>(a)</sup> | 04/25/2037 | 508180 |
|  | CarVal CLO |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2024-1A-B (3 mo. Term SOFR + 2.10%, 2.10% Floor) | 5.98 %<sup>(a)</sup> | 04/20/2037 | 501633 |
| 1000000 | &nbsp;&nbsp;Series 2024-1A-D (3 mo. Term SOFR + 3.90%, 3.90% Floor) | 7.78 %<sup>(a)</sup> | 04/20/2037 | 1010060 |
|  | Clover CLO |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2018-1A-A1RR (3 mo. Term SOFR + 1.53%, 1.53% Floor) | 5.41 %<sup>(a)</sup> | 04/20/2037 | 501929 |
|  | Elmwood CLO Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2024-4A-E (3 mo. Term SOFR + 6.00%, 6.00% Floor) | 9.88 %<sup>(a)</sup> | 04/17/2037 | 502920 |
|  | Empower CLO Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2024-1A-D1 (3 mo. Term SOFR + 3.75%, 3.75% Floor) | 7.61 %<sup>(a)</sup> | 04/25/2037 | 507898 |
|  | Generali |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2025-4A-D (3 mo. Term SOFR + 2.80%, 2.80% Floor) | 6.77 %<sup>(a)</sup> | 10/20/2038 | 502470 |
|  | Goldentree Loan Opportunities Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2022-14A-DR (3 mo. Term SOFR + 3.00%, 3.00% Floor) | 6.88 %<sup>(a)</sup> | 07/20/2037 | 1003465 |
| 500000 | &nbsp;&nbsp;Series 2024-19A-D (3 mo. Term SOFR + 3.40%, 3.40% Floor) | 7.28 %<sup>(a)</sup> | 04/20/2037 | 501723 |
|  | Harvest US CLO |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2024-1A-D (3 mo. Term SOFR + 4.50%, 4.50% Floor) | 8.38 %<sup>(a)</sup> | 04/18/2037 | 504657 |
|  | Katayma CLO Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2024-2A-A1 (3 mo. Term SOFR + 1.65%, 1.65% Floor) | 5.53 %<sup>(a)</sup> | 04/20/2037 | 501985 |
| 500000 | &nbsp;&nbsp;Series 2024-2A-D (3 mo. Term SOFR + 4.50%, 4.50% Floor) | 8.38 %<sup>(a)</sup> | 04/20/2037 | 502286 |
|  | Octagon Investment Partners Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2021-1A-E (3 mo. Term SOFR + 6.76%, 6.50% Floor) | 10.67 %<sup>(a)</sup> | 04/15/2034 | 432737 |
|  | Point Au Roche Park CLO |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2021-1A-E (3 mo. Term SOFR + 6.36%, 6.10% Floor) | 10.25 %<sup>(a)</sup> | 07/20/2034 | 498713 |
|  | Rockford Tower CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2024-1A-A1 (3 mo. Term SOFR + 1.61%, 1.61% Floor) | 5.49 %<sup>(a)</sup> | 04/20/2037 | 1004058 |
|  | Rockland Park CLO Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2021-1A-A1R (3 mo. Term SOFR + 1.30%, 1.30% Floor) | 5.18 %<sup>(a)</sup> | 07/20/2038 | 501841 |
|  | RR Ltd./Cayman Islands |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2017-2A-DR (3 mo. Term SOFR + 6.06%, 5.80% Floor) | 9.97 %<sup>(a)</sup> | 04/15/2036 | 983388 |
|  | Sound Point CLO Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2019-3A-DR (3 mo. Term SOFR + 3.76%, 3.76% Floor) | 7.62 %<sup>(a)</sup> | 10/25/2034 | 483463 |
| 1000000 | &nbsp;&nbsp;Series 2020-1A-ER (3 mo. Term SOFR + 7.12%, 7.12% Floor) | 11.01 %<sup>(a)</sup> | 07/20/2034 | 929094 |
| 500000 | &nbsp;&nbsp;Series 2021-3A-D (3 mo. Term SOFR + 3.51%, 3.25% Floor) | 7.37 %<sup>(a)</sup> | 10/25/2034 | 484208 |
|  | **Total Collateralized Loan Obligations (Cost $17,446,133)** | **Total Collateralized Loan Obligations (Cost $17,446,133)** | **Total Collateralized Loan Obligations (Cost $17,446,133)** | **17350199** |
| **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 17.8%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 17.8%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 17.8%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 17.8%** |  |
|  | ACRES Commercial Realty Ltd. |  |  |  |
| 370000 | &nbsp;&nbsp;Series 2025-FL3-A (1 mo. Term SOFR + 1.62%, 1.62% Floor) | 5.35 %<sup>(a)</sup> | 08/18/2040 | 371355 |
|  | Arbor Realty Collateralized Loan Obligation Ltd. |  |  |  |
| 450000 | &nbsp;&nbsp;Series 2025-BTR1-A (1 mo. Term SOFR + 1.93%, 1.93% Floor) | 5.66 %<sup>(a)</sup> | 01/20/2041 | 451976 |
|  | Arbor Realty Trust, Inc. |  |  |  |
| 145420 | &nbsp;&nbsp;Series 2022-FL1-A (30 day avg SOFR US + 1.45%, 1.45% Floor) | 5.43 %<sup>(a)</sup> | 01/15/2037 | 145606 |
|  | AREIT Trust |  |  |  |
| 105355 | &nbsp;&nbsp;Series 2023-CRE8-A (1 mo. Term SOFR + 2.11%, 2.11% Floor) | 5.85 %<sup>(a)</sup> | 08/17/2041 | 105577 |
|  | Banc of America Re-Remic Trust |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2015-HAUL-B | 4.31 %<sup>(a)</sup> | 07/07/2043 | 493921 |
|  | BANK |  |  |  |
| 339360 | &nbsp;&nbsp;Series 2019-BN19-A2 | 2.93% | 08/15/2061 | 324292 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 350000 | &nbsp;&nbsp;Series 2021-BN34-ASB | 2.19% | 06/15/2063 | 332348 |
|  | BANK5 Trust |  |  |  |
| 350000 | &nbsp;&nbsp;Series 2024-5YR9-C | 6.42 %<sup>(b)</sup> | 08/15/2057 | 358185 |
| 190000 | &nbsp;&nbsp;Series 2025-5YR15-D | 4.00 %<sup>(a)</sup> | 07/15/2058 | 167332 |
| 392000 | &nbsp;&nbsp;Series 2025-5YR16-AS | 5.75 %<sup>(b)</sup> | 08/15/2063 | 406222 |
| 500000 | &nbsp;&nbsp;Series 2025-5YR17-AS | 5.63 %<sup>(b)</sup> | 11/15/2058 | 516107 |
|  | BBCMS Trust |  |  |  |
| 11251160 | &nbsp;&nbsp;Series 2024-5C27-XA | 0.82 %<sup>(a)(b)(c)</sup> | 07/15/2057 | 277410 |
| 500000 | &nbsp;&nbsp;Series 2025-5C37-AS | 5.38 %<sup>(b)</sup> | 09/15/2058 | 510799 |
| 450000 | &nbsp;&nbsp;Series 2025-5C38-B | 5.72 %<sup>(b)</sup> | 11/15/2058 | 463328 |
| 3580000 | &nbsp;&nbsp;Series 2025-5C38-XA | 1.46 %<sup>(b)(c)</sup> | 11/15/2058 | 221328 |
| 3179000 | &nbsp;&nbsp;Series 2025-C32-XD | 2.31 %<sup>(a)(b)(c)</sup> | 02/15/2062 | 520763 |
|  | BDS Ltd. |  |  |  |
| 530000 | &nbsp;&nbsp;Series 2025-FL16-C (1 mo. Term SOFR + 2.10%, 2.10% Floor) | 6.10 %<sup>(a)</sup> | 07/19/2043 | 531433 |
|  | Benchmark Mortgage Trust |  |  |  |
| 375000 | &nbsp;&nbsp;Series 2019-B13-A3 | 2.70% | 08/15/2057 | 355402 |
| 5607214 | &nbsp;&nbsp;Series 2020-B22-XA | 1.49 %<sup>(b)(c)</sup> | 01/15/2054 | 335340 |
| 100000 | &nbsp;&nbsp;Series 2024-V6-AS | 6.38% | 03/15/2057 | 104610 |
| 350000 | &nbsp;&nbsp;Series 2024-V9-A3 | 5.60% | 08/15/2057 | 363921 |
| 250000 | &nbsp;&nbsp;Series 2025-V16-AS | 5.86 %<sup>(b)</sup> | 08/15/2058 | 260083 |
| 3940000 | &nbsp;&nbsp;Series 2025-V17-XA | 1.51 %<sup>(b)(c)</sup> | 09/15/2058 | 242907 |
| 384000 | &nbsp;&nbsp;Series 2025-V18-AS | 5.59% | 10/15/2058 | 395897 |
|  | BMO Mortgage Trust |  |  |  |
| 250000 | &nbsp;&nbsp;Series 2024-5C6-A3 | 5.32% | 09/15/2057 | 257277 |
| 390000 | &nbsp;&nbsp;Series 2025-5C10-AS | 5.95 %<sup>(b)</sup> | 05/15/2058 | 405534 |
| 250000 | &nbsp;&nbsp;Series 2025-5C11-D | 4.50 %<sup>(a)</sup> | 07/15/2058 | 223683 |
| 7581079 | &nbsp;&nbsp;Series 2025-5C11-XA | 1.11 %<sup>(b)(c)</sup> | 07/15/2058 | 342909 |
| 500000 | &nbsp;&nbsp;Series 2025-5C12-AS | 5.56% | 10/15/2058 | 513050 |
|  | Bombardier Capital Mortgage Securitization Corp. |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2025-5C6-AS | 5.58 %<sup>(b)</sup> | 10/15/2058 | 515791 |
| 4447645 | &nbsp;&nbsp;Series 2025-5C6-XA | 1.37 %<sup>(b)(c)</sup> | 10/15/2058 | 247389 |
| 400000 | &nbsp;&nbsp;Series 2025-5C7-B | 5.86 %<sup>(b)</sup> | 12/15/2058 | 412582 |
|  | BPR Trust |  |  |  |
| 200000 | &nbsp;&nbsp;Series 2025-STAR-A | 4.95 %<sup>(a)(b)</sup> | 11/05/2042 | 201419 |
|  | BrightSpire Capital, Inc. |  |  |  |
| 91247 | &nbsp;&nbsp;Series 2021-FL1-A (1 mo. Term SOFR + 1.26%, 1.15% Floor) | 5.00 %<sup>(a)</sup> | 08/19/2038 | 91143 |
|  | BSPRT Co.-Issuer LLC |  |  |  |
| 250000 | &nbsp;&nbsp;Series 2023-FL10-B (1 mo. Term SOFR + 3.27%, 3.27% Floor) | 7.02 %<sup>(a)</sup> | 09/15/2035 | 250881 |
|  | BSTN Commercial Mortgage Trust |  |  |  |
| 200000 | &nbsp;&nbsp;Series 2025-HUB-A | 4.90 %<sup>(a)(b)</sup> | 04/13/2041 | 201050 |
|  | BX Trust |  |  |  |
| 226247 | &nbsp;&nbsp;Series 2021-ACNT-B (1 mo. Term SOFR + 1.36%, 1.25% Floor) | 5.11 %<sup>(a)</sup> | 11/15/2038 | 226046 |
| 301000 | &nbsp;&nbsp;Series 2021-XL2-B (1 mo. Term SOFR + 1.11%, 1.00% Floor) | 4.86 %<sup>(a)</sup> | 10/15/2038 | 300945 |
| 188093 | &nbsp;&nbsp;Series 2025-ARIA-C | 5.52 %<sup>(a)(b)</sup> | 12/13/2042 | 189718 |
|  | CEDR Commercial Mortgage Trust |  |  |  |
| 350000 | &nbsp;&nbsp;Series 2022-SNAI-A (1 mo. Term SOFR + 0.99%, 0.99% Floor) | 4.74 %<sup>(a)</sup> | 02/15/2039 | 345388 |
|  | Citigroup Commercial Mortgage Trust |  |  |  |
| 270000 | &nbsp;&nbsp;Series 2023-SMRT-B | 5.85 %<sup>(a)(b)</sup> | 10/12/2040 | 276799 |
|  | Commercial Mortgage Pass Through Certificates |  |  |  |
| 350000 | &nbsp;&nbsp;Series 2014-CR14-C | 3.55 %<sup>(b)</sup> | 02/10/2047 | 338931 |
| 500000 | &nbsp;&nbsp;Series 2016-DC2-B | 4.66 %<sup>(b)</sup> | 02/10/2049 | 498827 |
|  | Computershare Corporate Trust |  |  |  |
| 489610 | &nbsp;&nbsp;Series 2019-C50-A4 | 3.47% | 05/15/2052 | 480759 |
| 2050000 | &nbsp;&nbsp;Series 2024-C63-XD | 2.30 %<sup>(a)(b)(c)</sup> | 08/15/2057 | 317733 |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 139000 | &nbsp;&nbsp;Series 2021-B33-A2 | 3.17 %<sup>(a)</sup> | 10/10/2043 | 125139 |
|  | CSAIL Commercial Mortgage Trust |  |  |  |
| 367924 | &nbsp;&nbsp;Series 2017-CX9-A4 | 3.18% | 09/15/2050 | 362242 |
|  | FS RIALTO |  |  |  |
| 126549 | &nbsp;&nbsp;Series 2021-FL2-A (1 mo. Term SOFR + 1.33%, 1.33% Floor) | 5.07 %<sup>(a)</sup> | 05/16/2038 | 126678 |
| 194725 | &nbsp;&nbsp;Series 2021-FL3-A (1 mo. Term SOFR + 1.36%, 1.36% Floor) | 5.10 %<sup>(a)</sup> | 11/16/2036 | 195062 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Granite Point Mortgage Trust, Inc. |  |  |  |
| 350000 | &nbsp;&nbsp;Series 2021-FL3-AS (1 mo. Term SOFR + 1.96%, 1.71% Floor) | 5.70 %<sup>(a)</sup> | 07/16/2035 | 350604 |
| 300000 | &nbsp;&nbsp;Series 2021-FL4-B (1 mo. Term SOFR + 2.06%, 1.95% Floor) | 5.80 %<sup>(a)</sup> | 12/15/2036 | 298678 |
|  | Greystone Commercial Real Estate Notes |  |  |  |
| 23691 | &nbsp;&nbsp;Series 2021-FL3-A (1 mo. Term SOFR + 1.13%, 1.02% Floor) | 4.88 %<sup>(a)</sup> | 07/15/2039 | 23741 |
| 281500 | &nbsp;&nbsp;Series 2021-FL3-B (1 mo. Term SOFR + 1.76%, 1.65% Floor) | 5.51 %<sup>(a)</sup> | 07/15/2039 | 281436 |
| 380000 | &nbsp;&nbsp;Series 2021-FL3-D (1 mo. Term SOFR + 2.31%, 2.20% Floor) | 6.06 %<sup>(a)</sup> | 07/15/2039 | 381130 |
|  | GS Mortgage Securities Corp. II |  |  |  |
| 375000 | &nbsp;&nbsp;Series 2013-GC13-B | 3.86 %<sup>(a)(b)</sup> | 07/10/2046 | 364980 |
|  | HGI CRE CLO Ltd. |  |  |  |
| 181217 | &nbsp;&nbsp;Series 2021-FL2-D (1 mo. Term SOFR + 2.26%, 2.26% Floor) | 6.00 %<sup>(a)</sup> | 09/17/2036 | 181709 |
|  | JP Morgan Chase Commercial Mortgage Securities |  |  |  |
| 420000 | &nbsp;&nbsp;Series 2015-JP1-AS | 4.12 %<sup>(b)</sup> | 01/15/2049 | 416215 |
| 1000000 | &nbsp;&nbsp;Series 2019-UES-G | 4.45 %<sup>(a)(b)</sup> | 05/05/2032 | 930879 |
|  | JPMBB Commercial Mortgage Securities Trust |  |  |  |
| 300000 | &nbsp;&nbsp;Series 2014-C23-UH5 | 4.71 %<sup>(a)</sup> | 09/15/2047 | 301286 |
| 4852 | &nbsp;&nbsp;Series 2015-C27-A4 | 3.18% | 02/15/2048 | 4746 |
| 480953 | &nbsp;&nbsp;Series 2015-C30-AS | 4.23 %<sup>(b)</sup> | 07/15/2048 | 471605 |
|  | KREF |  |  |  |
| 227456 | &nbsp;&nbsp;Series 2021-FL2-A (1 mo. Term SOFR + 1.18%, 1.07% Floor) | 4.92 %<sup>(a)</sup> | 02/15/2039 | 227929 |
|  | LoanCore |  |  |  |
| 170557 | &nbsp;&nbsp;Series 2021-CRE5-AS (1 mo. Term SOFR + 1.86%, 1.86% Floor) | 5.61 %<sup>(a)</sup> | 07/15/2036 | 170751 |
| 30512 | &nbsp;&nbsp;Series 2021-CRE6-A (1 mo. Term SOFR + 1.41%, 1.30% Floor) | 5.16 %<sup>(a)</sup> | 11/15/2038 | 30564 |
|  | Merit |  |  |  |
| 230000 | &nbsp;&nbsp;Series 2021-STOR-A (1 mo. Term SOFR + 0.81%, 0.70% Floor) | 4.57 %<sup>(a)</sup> | 07/15/2038 | 229796 |
|  | MF1 Multifamily Housing Mortgage Loan Trust |  |  |  |
| 250000 | &nbsp;&nbsp;Series 2021-FL7-B (1 mo. Term SOFR + 1.86%, 1.75% Floor) | 5.60 %<sup>(a)</sup> | 10/16/2036 | 250279 |
| 310000 | &nbsp;&nbsp;Series 2021-FL7-C (1 mo. Term SOFR + 2.16%, 2.05% Floor) | 5.90 %<sup>(a)</sup> | 10/16/2036 | 309461 |
| 248201 | &nbsp;&nbsp;Series 2022-FL9-A (1 mo. Term SOFR + 2.15%, 2.15% Floor) | 5.88 %<sup>(a)</sup> | 06/19/2037 | 248627 |
| 300000 | &nbsp;&nbsp;Series 2024-FL14-A (1 mo. Term SOFR + 1.74%, 1.74% Floor) | 5.47 %<sup>(a)</sup> | 03/19/2039 | 301039 |
| 250000 | &nbsp;&nbsp;Series 2024-FL15-B (1 mo. Term SOFR + 2.49%, 2.49% Floor) | 6.23 %<sup>(a)</sup> | 08/18/2041 | 250824 |
| 420000 | &nbsp;&nbsp;Series 2025-FL17-E (1 mo. Term SOFR + 3.49%, 3.49% Floor) | 7.22 %<sup>(a)</sup> | 02/18/2040 | 421817 |
|  | Morgan Stanley Bank of America Merrill Lynch Trust |  |  |  |
| 266514 | &nbsp;&nbsp;Series 2012-CKSV-A2 | 3.28 %<sup>(a)</sup> | 10/15/2030 | 256783 |
| 300000 | &nbsp;&nbsp;Series 2025-5C2-C | 5.74 %<sup>(b)</sup> | 11/15/2058 | 299124 |
|  | Morgan Stanley Capital I, Inc. |  |  |  |
| 300000 | &nbsp;&nbsp;Series 2016-UB11-AS | 2.98% | 08/15/2049 | 296302 |
|  | PFP III Ltd. |  |  |  |
| 298659 | &nbsp;&nbsp;Series 2024-11-B (1 mo. Term SOFR + 2.49%, 2.49% Floor) | 6.27 %<sup>(a)</sup> | 09/17/2039 | 299310 |
|  | Ready Capital Corp. |  |  |  |
| 273173 | &nbsp;&nbsp;Series 2021-FL7-A (1 mo. Term SOFR + 1.31%, 1.20% Floor) | 5.05 %<sup>(a)</sup> | 11/25/2036 | 273520 |
| 450000 | &nbsp;&nbsp;Series 2023-FL11-B (1 mo. Term SOFR + 3.53%, 3.53% Floor) | 7.26 %<sup>(a)</sup> | 10/25/2039 | 452641 |
|  | ROCK Trust |  |  |  |
| 100000 | &nbsp;&nbsp;Series 2024-CNTR-D | 7.11 %<sup>(a)</sup> | 11/13/2041 | 104963 |
|  | SFO Commercial Mortgage Trust |  |  |  |
| 250000 | &nbsp;&nbsp;Series 2021-555-A (1 mo. Term SOFR + 1.26%, 1.15% Floor) | 5.01 %<sup>(a)</sup> | 05/15/2038 | 249643 |
|  | SREIT Trust |  |  |  |
| 300000 | &nbsp;&nbsp;Series 2021-MFP2-B (1 mo. Term SOFR + 1.29%, 1.17% Floor) | 5.04 %<sup>(a)</sup> | 11/15/2036 | 299993 |
|  | Starwood Property Trust, Inc. |  |  |  |
| 104745 | &nbsp;&nbsp;Series 2021-FL2-A (1 mo. Term SOFR + 1.31%, 1.20% Floor) | 5.05 %<sup>(a)</sup> | 04/18/2038 | 104880 |
| 108773 | &nbsp;&nbsp;Series 2022-FL3-A (30 day avg SOFR US + 1.35%, 1.35% Floor) | 5.33 %<sup>(a)</sup> | 11/15/2038 | 108909 |
| 370000 | &nbsp;&nbsp;Series 2022-FL3-AS (30 day avg SOFR US + 1.80%, 1.80% Floor) | 5.78 %<sup>(a)</sup> | 11/15/2038 | 370460 |
| 400000 | &nbsp;&nbsp;Series 2022-FL3-B (30 day avg SOFR US + 1.95%, 1.95% Floor) | 5.93 %<sup>(a)</sup> | 11/15/2038 | 401030 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | STDIO Commercial Mortgage Trust |  |  |  |
| 100000 | &nbsp;&nbsp;Series 2025-RLGH-A | 5.54 %<sup>(a)(b)</sup> | 09/15/2038 | 100374 |
|  | TPG Real Estate Finance Issuer Ltd. |  |  |  |
| 250000 | &nbsp;&nbsp;Series 2022-FL5-AS (1 mo. Term SOFR + 2.15%, 2.15% Floor) | 5.89 %<sup>(a)</sup> | 02/15/2039 | 250136 |
|  | UBS Commercial Mortgage Trust |  |  |  |
| 422000 | &nbsp;&nbsp;Series 2018-C13-B | 4.79 %<sup>(b)</sup> | 10/15/2051 | 404532 |
|  | VEGAS Trust |  |  |  |
| 115000 | &nbsp;&nbsp;Series 2024-TI-A | 5.52 %<sup>(a)</sup> | 11/10/2039 | 116619 |
|  | VMC Finance LLC |  |  |  |
| 152304 | &nbsp;&nbsp;Series 2021-FL4-B (1 mo. Term SOFR + 1.91%, 1.91% Floor) | 5.65 %<sup>(a)</sup> | 06/16/2036 | 151271 |
|  | Wells Fargo Commercial Mortgage Trust |  |  |  |
| 10312498 | &nbsp;&nbsp;Series 2025-5C3-XA | 0.81 %<sup>(b)(c)</sup> | 01/15/2058 | 310007 |
| 280000 | &nbsp;&nbsp;Series 2025-VTT-C | 5.83 %<sup>(a)(b)</sup> | 03/15/2038 | 281411 |
|  | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $27,388,120)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $27,388,120)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $27,388,120)** | **27283121** |
| **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 29.6%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 29.6%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 29.6%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 29.6%** |  |
|  | Banco Santander SA |  |  |  |
| 1200000 | &nbsp;&nbsp;Series 2025-NQM6-B1 | 6.82 %<sup>(a)(b)</sup> | 11/25/2065 | 1202169 |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 1372000 | &nbsp;&nbsp;Series 2021-NQM4-B2 | 4.18 %<sup>(a)(b)</sup> | 05/25/2066 | 1072296 |
|  | Cross Mortgage Trust |  |  |  |
| 623846 | &nbsp;&nbsp;Series 2024-H1-A1 | 6.09 %<sup>(a)(d)</sup> | 12/25/2068 | 629237 |
|  | Ellington Financial Mortgage Trust |  |  |  |
| 1195370 | &nbsp;&nbsp;Series 2025-INV5-A3 | 5.38 %<sup>(a)(d)</sup> | 12/01/2070 | 1198364 |
| 1200000 | &nbsp;&nbsp;Series 2025-INV5-M1 | 5.84 %<sup>(a)(b)</sup> | 12/01/2070 | 1202219 |
| 1101502 | &nbsp;&nbsp;Series 2025-NQM2-A3 | 5.95 %<sup>(a)(d)</sup> | 06/25/2070 | 1114047 |
| 1250000 | &nbsp;&nbsp;Series 2025-NQM2-M1A | 6.27 %<sup>(a)(b)</sup> | 06/25/2070 | 1272370 |
| 1500000 | &nbsp;&nbsp;Series 2025-NQM5-M1 | 5.77 %<sup>(a)(b)</sup> | 11/25/2070 | 1503577 |
|  | Fannie Mae Connecticut Avenue Securities |  |  |  |
| 1250000 | &nbsp;&nbsp;Series 2023-R01-1M2 (30 day avg SOFR US + 3.75%, 0.00% Floor) | 7.62 %<sup>(a)</sup> | 12/25/2042 | 1306874 |
| 1300000 | &nbsp;&nbsp;Series 2024-R01-1M2 (30 day avg SOFR US + 1.80%, 0.00% Floor) | 5.67 %<sup>(a)</sup> | 01/25/2044 | 1309393 |
| 1000000 | &nbsp;&nbsp;Series 2024-R02-1B1 (30 day avg SOFR US + 2.50%, 0.00% Floor) | 6.37 %<sup>(a)</sup> | 02/25/2044 | 1020168 |
| 1200000 | &nbsp;&nbsp;Series 2024-R03-2M2 (30 day avg SOFR US + 1.95%, 0.00% Floor) | 5.82 %<sup>(a)</sup> | 03/25/2044 | 1207564 |
| 1250000 | &nbsp;&nbsp;Series 2024-R04-1B1 (30 day avg SOFR US + 2.20%, 0.00% Floor) | 6.07 %<sup>(a)</sup> | 05/25/2044 | 1263548 |
| 1500000 | &nbsp;&nbsp;Series 2024-R05-2M2 (30 day avg SOFR US + 1.70%, 0.00% Floor) | 5.57 %<sup>(a)</sup> | 07/25/2044 | 1506664 |
|  | Freddie Mac Structured Agency Credit Risk Debt Notes |  |  |  |
| 1200000 | &nbsp;&nbsp;Series 2024-DNA1-M2 (30 day avg SOFR US + 1.95%, 0.00% Floor) | 5.82 %<sup>(a)</sup> | 02/25/2044 | 1213003 |
|  | MFRA Trust |  |  |  |
| 1193276 | &nbsp;&nbsp;Series 2025-NQM5-A3 | 5.44 %<sup>(a)(d)</sup> | 11/25/2070 | 1203367 |
| 1200000 | &nbsp;&nbsp;Series 2025-NQM5-M1 | 5.89 %<sup>(a)(b)</sup> | 11/25/2070 | 1209781 |
|  | Onslow Bay Mortgage Loan Trust |  |  |  |
| 618152 | &nbsp;&nbsp;Series 2024-NQM10-A1 | 6.18 %<sup>(a)(d)</sup> | 05/25/2064 | 625965 |
|  | Pretium Mortgage Credit Partners LLC |  |  |  |
| 1093732 | &nbsp;&nbsp;Series 2025-NPL2-A1 | 5.84 %<sup>(a)(d)</sup> | 03/25/2055 | 1097600 |
|  | Progress Residential Trust |  |  |  |
| 1200000 | &nbsp;&nbsp;Series 2024-SFR2-D | 3.40 %<sup>(a)(b)</sup> | 04/17/2041 | 1138828 |
|  | PRPM LLC |  |  |  |
| 1110023 | &nbsp;&nbsp;Series 2025-4-A1 | 6.18 %<sup>(a)(d)</sup> | 06/25/2030 | 1112961 |
| 1100000 | &nbsp;&nbsp;Series 2025-6-A2 | 8.33 %<sup>(a)(d)</sup> | 08/25/2028 | 1100666 |
| 1200000 | &nbsp;&nbsp;Series 2025-7-A2 | 7.45 %<sup>(a)(d)</sup> | 08/25/2030 | 1202865 |
| 1300000 | &nbsp;&nbsp;Series 2025-NQM3-B1 | 6.94 %<sup>(a)(b)</sup> | 05/25/2070 | 1306137 |
|  | SGR Residential Mortgage Trust |  |  |  |
| 1250000 | &nbsp;&nbsp;Series 2021-1-B2 | 4.30 %<sup>(a)(b)</sup> | 07/25/2061 | 937255 |
|  | VCAT Asset Securitization LLC |  |  |  |
| 1439294 | &nbsp;&nbsp;Series 2025-NPL1-A1 | 5.88 %<sup>(a)(d)</sup> | 01/25/2055 | 1445458 |
|  | Velocity Commercial Capital Loan Trust |  |  |  |
| 143284 | &nbsp;&nbsp;Series 2019-1-M4 | 4.61 %<sup>(a)(b)</sup> | 03/25/2049 | 131524 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 80290 | &nbsp;&nbsp;Series 2019-1-M5 | 5.70 %<sup>(a)(b)</sup> | 03/25/2049 | 72783 |
| 122645 | &nbsp;&nbsp;Series 2019-1-M6 | 6.79 %<sup>(a)(b)</sup> | 03/25/2049 | 108462 |
|  | Vericrest Opportunity Loan Transferee |  |  |  |
| 114581 | &nbsp;&nbsp;Series 2021-NPL5-A2 | 8.83 %<sup>(a)(d)</sup> | 03/27/2051 | 114689 |
|  | Verus Securitization Trust |  |  |  |
| 1500000 | &nbsp;&nbsp;Series 2021-3-B2 | 3.96 %<sup>(a)(b)</sup> | 06/25/2066 | 1162705 |
| 737725 | &nbsp;&nbsp;Series 2023-1-A1 | 5.85 %<sup>(a)(d)</sup> | 12/25/2067 | 735967 |
| 1500000 | &nbsp;&nbsp;Series 2023-INV1-B2 | 7.45 %<sup>(a)(b)</sup> | 02/25/2068 | 1494141 |
| 1000000 | &nbsp;&nbsp;Series 2024-1-M1 | 6.67 %<sup>(a)(b)</sup> | 01/25/2069 | 1010112 |
| 1250000 | &nbsp;&nbsp;Series 2024-6-M1 | 6.18 %<sup>(a)(b)</sup> | 07/25/2069 | 1262625 |
| 1405709 | &nbsp;&nbsp;Series 2025-10-A2 | 5.21 %<sup>(a)(d)</sup> | 06/25/2070 | 1410160 |
| 1405709 | &nbsp;&nbsp;Series 2025-10-A3 | 5.37 %<sup>(a)(d)</sup> | 06/25/2070 | 1411318 |
| 1991503 | &nbsp;&nbsp;Series 2025-11-A3 | 5.27 %<sup>(a)(d)</sup> | 11/25/2070 | 1992714 |
| 500000 | &nbsp;&nbsp;Series 2025-11-B1 | 6.41 %<sup>(a)(b)</sup> | 11/25/2070 | 499057 |
| 1100000 | &nbsp;&nbsp;Series 2025-3-B1 | 7.51 %<sup>(a)(b)</sup> | 05/25/2070 | 1123411 |
| 1200000 | &nbsp;&nbsp;Series 2025-R2-A3 | 5.34 %<sup>(a)(d)</sup> | 07/25/2067 | 1204538 |
| 1200000 | &nbsp;&nbsp;Series 2025-R2-M1 | 5.82 %<sup>(a)(b)</sup> | 07/25/2067 | 1210081 |
|  | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $46,003,049)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $46,003,049)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $46,003,049)** | **45346663** |
| **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 24.9%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 24.9%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 24.9%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 24.9%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 24.9%** |
|  | Federal Home Loan Mortgage Corp. |  |  |  |
| 1703984 | &nbsp;&nbsp;Pool SD6509 | 6.00% | 08/01/2054 | 1751966 |
| 1978011 | &nbsp;&nbsp;Pool SL2062 | 5.50% | 07/01/2055 | 2038789 |
| 3159483 | &nbsp;&nbsp;Pool SL2456 | 5.50% | 08/01/2055 | 3231757 |
| 2869195 | &nbsp;&nbsp;Pool SL3050 | 5.50% | 09/01/2055 | 2958462 |
| 19207000 | &nbsp;&nbsp;Series 2021-P010-X | 0.91 %<sup>(b)(c)</sup> | 10/25/2029 | 510829 |
| 938811 | &nbsp;&nbsp;Series 413-F25 (30 day avg SOFR US + 1.15%, 1.15% Floor, 7.00% Cap) | 5.02% | 05/25/2054 | 942187 |
| 1019124 | &nbsp;&nbsp;Series 5004-LS (-1 x 30 day avg SOFR US + 6.04%, 0.00% Floor, 6.15% Cap) | 2.16 %<sup>(c)(e)</sup> | 07/25/2050 | 126223 |
| 7102355 | &nbsp;&nbsp;Series 5038-IQ | 2.50 %<sup>(c)</sup> | 10/25/2050 | 1082023 |
| 3503206 | &nbsp;&nbsp;Series 5112-SC (-1 x 30 day avg SOFR US + 2.50%, 0.00% Floor, 2.50% Cap) | 0.00 %<sup>(c)(e)</sup> | 06/25/2051 | 5078 |
| 3158878 | &nbsp;&nbsp;Series 5127-AI | 3.00 %<sup>(c)</sup> | 06/25/2051 | 553549 |
| 3340879 | &nbsp;&nbsp;Series 5166-DI | 3.00 %<sup>(c)</sup> | 09/15/2048 | 402431 |
| 2574068 | &nbsp;&nbsp;Series 5547-QI | 3.00 %<sup>(c)</sup> | 04/25/2051 | 457447 |
| 1875162 | &nbsp;&nbsp;Series 5596-FH (30 day avg SOFR US + 1.20%, 1.20% Floor, 6.00% Cap) | 5.07% | 11/25/2055 | 1877899 |
|  | Federal National Mortgage Association |  |  |  |
| 908283 | &nbsp;&nbsp;Series 2020-54-AS (-1 x 30 day avg SOFR US + 6.04%, 0.00% Floor, 6.15% Cap) | 2.16 %<sup>(c)(e)</sup> | 08/25/2050 | 111122 |
| 2919954 | &nbsp;&nbsp;Series 2020-75-WI | 2.50 %<sup>(c)</sup> | 11/25/2050 | 495952 |
| 1131485 | &nbsp;&nbsp;Series 2020-77-S (-1 x 30 day avg SOFR US + 4.15%, 0.00% Floor, 4.15% Cap) | 0.28 %<sup>(c)(e)</sup> | 11/25/2050 | 50565 |
| 3467052 | &nbsp;&nbsp;Series 2020-80-IB | 2.50 %<sup>(c)</sup> | 11/25/2050 | 555760 |
| 892491 | &nbsp;&nbsp;Series 2020-M10-X2 | 1.72 %<sup>(b)(c)</sup> | 12/25/2030 | 50794 |
| 3386260 | &nbsp;&nbsp;Series 2021-20-PI | 2.50 %<sup>(c)</sup> | 04/25/2051 | 534769 |
| 2820150 | &nbsp;&nbsp;Series 2021-3-MI | 3.50 %<sup>(c)</sup> | 02/25/2051 | 546314 |
| 1821967 | &nbsp;&nbsp;Series 2021-43-IO | 2.50 %<sup>(c)</sup> | 06/25/2051 | 284333 |
| 3697368 | &nbsp;&nbsp;Series 2021-85-IN | 2.50 %<sup>(c)</sup> | 02/25/2050 | 600574 |
| 3603389 | &nbsp;&nbsp;Series 2024-22-IE | 2.50 %<sup>(c)</sup> | 11/25/2050 | 572603 |
| 422233 | &nbsp;&nbsp;Series 2024-32-IO | 2.50 %<sup>(c)</sup> | 04/25/2051 | 64316 |
| 5247054 | &nbsp;&nbsp;Series 437-C2 | 1.50 %<sup>(c)</sup> | 03/25/2052 | 497794 |
|  | Government National Mortgage Association |  |  |  |
| 1089167 | &nbsp;&nbsp;Series 2015-124-AF (1 mo. Term SOFR + 0.36%, 0.25% Floor, 6.50% Cap) | 4.10% | 09/20/2045 | 1063603 |
| 1852895 | &nbsp;&nbsp;Series 2020-138-IL | 3.50 %<sup>(c)</sup> | 09/20/2050 | 357209 |
| 1421773 | &nbsp;&nbsp;Series 2020-142-SD (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(c)(e)</sup> | 09/20/2050 | 194148 |
| 2654945 | &nbsp;&nbsp;Series 2020-151-TI | 2.50 %<sup>(c)</sup> | 10/20/2050 | 379366 |
| 3740761 | &nbsp;&nbsp;Series 2020-167-DI | 2.50 %<sup>(c)</sup> | 11/20/2050 | 505854 |
| 3520326 | &nbsp;&nbsp;Series 2020-173-AI | 2.50 %<sup>(c)</sup> | 11/20/2050 | 522219 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 843988 | &nbsp;&nbsp;Series 2020-189-SP (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(c)(e)</sup> | 12/20/2050 | 118101 |
| 1878406 | &nbsp;&nbsp;Series 2020-196-DI | 2.50 %<sup>(c)</sup> | 12/20/2050 | 260901 |
| 3079653 | &nbsp;&nbsp;Series 2021-125-AS (-1 x 30 day avg SOFR US + 3.25%, 0.00% Floor, 3.25% Cap) | 0.00 %<sup>(c)(e)</sup> | 07/20/2051 | 27479 |
| 2257113 | &nbsp;&nbsp;Series 2021-15-PI | 3.00 %<sup>(c)</sup> | 01/20/2051 | 359296 |
| 2087485 | &nbsp;&nbsp;Series 2021-189-IO | 0.88 %<sup>(b)(c)</sup> | 06/16/2061 | 131240 |
| 2336056 | &nbsp;&nbsp;Series 2021-2-IO | 0.88 %<sup>(b)(c)</sup> | 06/16/2063 | 148588 |
| 2555613 | &nbsp;&nbsp;Series 2021-46-ES (-1 x 1 mo. Term SOFR + 2.69%, 0.00% Floor, 2.80% Cap) | 0.00 %<sup>(c)(e)</sup> | 03/20/2051 | 7705 |
| 3675982 | &nbsp;&nbsp;Series 2021-59-S (-1 x 30 day avg SOFR US + 2.60%, 0.00% Floor, 2.60% Cap) | 0.00 %<sup>(c)(e)</sup> | 04/20/2051 | 10906 |
| 3248649 | &nbsp;&nbsp;Series 2021-80-IO | 0.90 %<sup>(b)(c)</sup> | 12/16/2062 | 222271 |
| 1349113 | &nbsp;&nbsp;Series 2021-98-SB (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(c)(e)</sup> | 06/20/2051 | 163851 |
| 4073546 | &nbsp;&nbsp;Series 2022-105-IO | 2.50 %<sup>(c)</sup> | 06/20/2051 | 601674 |
| 25840391 | &nbsp;&nbsp;Series 2022-109-IO | 0.62 %<sup>(b)(c)</sup> | 08/16/2064 | 1350465 |
| 840138 | &nbsp;&nbsp;Series 2022-112-AI | 2.50 %<sup>(c)</sup> | 10/20/2050 | 128344 |
| 21859446 | &nbsp;&nbsp;Series 2022-13-IO | 0.83 %<sup>(b)(c)</sup> | 01/16/2063 | 1344448 |
| 21873349 | &nbsp;&nbsp;Series 2022-21-IO | 0.78 %<sup>(b)(c)</sup> | 10/16/2063 | 1341643 |
| 374312 | &nbsp;&nbsp;Series 2022-218-IB | 3.00 %<sup>(c)</sup> | 07/20/2050 | 60197 |
| 18060800 | &nbsp;&nbsp;Series 2022-67-IO | 0.90 %<sup>(b)(c)</sup> | 08/16/2063 | 1331334 |
| 30393256 | &nbsp;&nbsp;Series 2022-77-IO | 0.51 %<sup>(b)(c)</sup> | 09/16/2063 | 1386522 |
| 3947695 | &nbsp;&nbsp;Series 2022-83-IO | 2.50 %<sup>(c)</sup> | 11/20/2051 | 565870 |
| 3039434 | &nbsp;&nbsp;Series 2023-19-GI | 3.00 %<sup>(c)</sup> | 11/20/2051 | 438021 |
| 2181309 | &nbsp;&nbsp;Series 2023-79-JI | 2.50 %<sup>(c)</sup> | 02/20/2051 | 302280 |
| 1691286 | &nbsp;&nbsp;Series 2024-13-IA | 3.00 %<sup>(c)</sup> | 05/20/2051 | 276990 |
| 8120033 | &nbsp;&nbsp;Series 2024-156-IA | 0.87 %<sup>(b)(c)</sup> | 07/16/2066 | 567506 |
| 3593433 | &nbsp;&nbsp;Series 2024-158-IO | 1.08 %<sup>(b)(c)</sup> | 12/16/2065 | 281432 |
| 1218220 | &nbsp;&nbsp;Series 2024-170-AI | 0.76 %<sup>(b)(c)</sup> | 10/16/2065 | 75604 |
| 674022 | &nbsp;&nbsp;Series 2024-170-IO | 1.00 %<sup>(b)(c)</sup> | 03/16/2066 | 49949 |
| 2780388 | &nbsp;&nbsp;Series 2024-24-DI | 3.50 %<sup>(c)</sup> | 11/20/2051 | 501415 |
| 3301921 | &nbsp;&nbsp;Series 2024-6-BI | 3.00 %<sup>(c)</sup> | 12/20/2051 | 509904 |
| 2318981 | &nbsp;&nbsp;Series 2025-100-FD (30 day avg SOFR US + 1.35%, 1.35% Floor, 6.50% Cap) | 5.27% | 05/20/2055 | 2338019 |
|  | **Total US Government and Agency Mortgage Backed Obligations (Cost $38,901,067)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $38,901,067)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $38,901,067)** | **38227890** |
| **SHORT TERM INVESTMENTS - 6.6%** | **SHORT TERM INVESTMENTS - 6.6%** | **SHORT TERM INVESTMENTS - 6.6%** | **SHORT TERM INVESTMENTS - 6.6%** |  |
| 3360727 | First American Government Obligations Fund - U | 3.69 %<sup>(f)</sup> |  | 3360727 |
| 3360728 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(f)</sup> |  | 3360728 |
| 3360728 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(f)</sup> |  | 3360728 |
|  | **Total Short Term Investments (Cost $10,082,183)** | **Total Short Term Investments (Cost $10,082,183)** | **Total Short Term Investments (Cost $10,082,183)** | **10082183** |
|  | **Total Investments - 100.2%<sup>(g)</sup> (Cost $154,974,586)** | **Total Investments - 100.2%<sup>(g)</sup> (Cost $154,974,586)** | **Total Investments - 100.2%<sup>(g)</sup> (Cost $154,974,586)** | **153600045** |
|  | **Other Liabilities in Excess of Assets - (0.2)%** | **Other Liabilities in Excess of Assets - (0.2)%** | **Other Liabilities in Excess of Assets - (0.2)%** | **(296177)** |
|  | **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | $**153303868** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN** as a % of Net Assets: | |
| Non-Agency Residential Collateralized Mortgage Obligations | 29.6% |
| US Government and Agency Mortgage Backed Obligations | 24.9% |
| Non-Agency Commercial Mortgage Backed Obligations | 17.8% |
| Collateralized Loan Obligations | 11.3% |
| Asset Backed Obligations | 10.0% |
| Short Term Investments | 6.6% |
| Other Assets and Liabilities | (0.2)% |
| Net Assets | 100.0% |

---

**(a)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $93,521,381 or 61.0% of the Fund's net assets.** 

**(b)** **Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of period end.** 

**(c)** **Interest only security** 

**(d)** **Step Bond; Coupon rate changes based on a predetermined schedule or event. The interest rate shown is the rate in effect as of period end.** 

**(e)** **Inverse floating rate security whose interest rate moves in the opposite direction of reference interest rates. Reference interest rates are typically based on a negative multiplier or slope. Interest rate may also be subject to a cap or floor.** 

**(f)** **Seven-day yield as of period end.** 

**(g)** **99.0% of the total investments are based in the United States.** 

---

| | |
|:---|:---|
| **SOFR** | **Secured Overnight Financing Rate** |

---

Notes to Schedule of Investments

December 31, 2025 (Unaudited)

**1. Significant Accounting Policies**

Each Fund is an investment company that applies the accounting and reporting guidance issued in Topic 946, "*Financial Services— Investment Companies,"* by the Financial Accounting Standards Board ("FASB"). The following is a summary of the significant accounting policies of the Funds. These policies are in conformity with accounting principles generally accepted in the United States of America ("US GAAP").

**A. Security Valuation.** The Funds have adopted US GAAP fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs during the period. These inputs are summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1—Unadjusted quoted market prices in active markets for identical securities

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2—Quoted prices for identical or similar assets in markets that are not active,
or inputs derived from observable market data

&nbsp;&nbsp;&nbsp;&nbsp;• Level 3—Significant unobservable inputs (including the reporting entity's estimates
and assumptions)

Valuations for domestic and foreign fixed income securities are normally determined on the basis of evaluations provided by independent pricing services. Vendors typically value such securities based on one or more inputs described in the following table which is not intended to be a complete list. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed income securities in which the Funds are authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income securities. Securities that use similar valuation techniques and inputs as described in the following table are categorized as Level 2 of the fair value hierarchy. To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3. Assets and liabilities may be transferred between levels.

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of Inputs** |
| All | Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among data (collectively referred to as "standard inputs") comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference |
| Corporate bonds and notes; convertible securities | Standard inputs and underlying equity of the issuer |
| US bonds and notes of government and government agencies | Standard inputs |
| Residential and commercial mortgage-backed obligations; asset-backed obligations (including collateralized loan obligations) | Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information, trustee reports |
| Bank loans | Standard inputs |

---

Investments in registered open-end management investment companies will be valued based upon the net asset value ("NAV") of such investments and are categorized as Level 1 of the fair value hierarchy.

Common stocks, exchange-traded funds and financial derivative instruments, such as futures contracts or options contracts, that are traded on a national securities or commodities exchange, are typically valued at the last reported sales price, in the case of common stocks and exchange-traded funds, or, in the case of futures contracts or options contracts, the settlement price determined by the relevant exchange. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized as Level 1 of the fair value hierarchy.

Over-the-counter financial derivative instruments, such as forward currency exchange contracts, options contracts, or swap agreements, derive their values from underlying asset prices, indices, reference rates, other inputs or a combination of these factors. These instruments are normally valued on the basis of valuations obtained from counterparties, published index closing levels or evaluated prices supplied by independent pricing services, some or all of which may be based on market data from trading on exchanges that closed significantly before the time as of which a Fund calculates its NAV. Forward foreign currency contracts are generally valued based on rates provided by independent data providers. Exchange traded futures and options on futures are generally valued at the settlement price determined by the relevant exchange on which they principally trade, and exchange traded options are generally valued at the last trade price on the exchange on which they principally trade. A Fund does not normally take into account trading, clearances or settlements that take place after the close of the principal exchange or market on which such securities are traded. Depending on the instrument and the terms of the transaction, the value of the derivative instruments can be estimated by a pricing service provider using a series of techniques, such as simulation pricing models. The pricing models use issuer details and other inputs that are observed from actively quoted markets such as indices, spreads, interest rates, curves, dividends and exchange rates. Derivatives that use similar valuation techniques and inputs as described above are normally categorized as Level 2 of the fair value hierarchy.

The Board of Trustees (the "Board") has adopted a pricing and valuation policy for use by each Fund and its Valuation Designee (as defined below) in calculating each Fund's NAV. Pursuant to Rule 2a-5 under the 1940 Act, each Fund has designated its primary investment adviser, either DoubleLine Capital LP ("DoubleLine Capital") or DoubleLine Alternatives LP ("DoubleLine Alternatives") (each, an "Adviser" and collectively, the "Advisers"), as applicable, as the "Valuation Designee" to perform all of the fair value determinations as well as to perform all of the responsibilities that may be performed by the Valuation Designee in accordance with Rule 2a-5. Each Adviser, as Valuation Designee, is authorized to make all necessary determinations of the fair values of portfolio securities and other assets for which market quotations are not readily available or if it is deemed that the prices obtained from brokers and dealers or independent pricing services are unreliable.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Category** | **DoubleLine Total Return <br> Bond Fund** | **DoubleLine<br> Core Fixed Income Fund** | **DoubleLine Emerging<br> Markets Fixed<br> Income Fund** | **DoubleLine Low <br> Duration Bond<br> Fund** | **DoubleLine<br> Floating Rate<br> Fund** | **DoubleLine Shiller<br> Enhanced<br> CAPE<sup>®</sup>** |
| **Investments in Securities** |  |  |  |  |  |  |
| Level 1 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short Term Investments | $1146407433 | $288578236 | $6442483 | $116241514 | $8602351 | $169467542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Affiliated Mutual Funds |  | 592325847 |  |  |  |  |
| Total Level 1 | 1146407433 | 880904083 | 6442483 | 116241514 | 8602351 | 169467542 |
| Level 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Government and Agency Mortgage Backed Obligations | 14688696817 | 1486439406 |  | 327538119 |  | 154791827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Residential Collateralized Mortgage Obligations | 7415764283 | 687281532 |  | 917315283 |  | 429857394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Commercial Mortgage Backed Obligations | 2461884148 | 330064980 |  | 845389282 |  | 381877954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Backed Obligations | 1719799191 | 198543298 |  | 480424237 |  | 242826754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Government and Agency Obligations | 1665677017 | 1315042698 |  | 1647164085 |  | 826904742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | 1347423166 | 189567731 |  | 725676510 |  | 408367493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short Term Investments | 297964212 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Corporate Bonds |  | 1007876382 |  | 712525946 | 5506301 | 356181958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign Corporate Bonds |  | 366992377 | 256480154 | 405704872 | 372401 | 128360683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Loans |  | 159717906 |  |  | 93696429 | 64700666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations |  | 64616118 | 111348207 | 138244917 |  | 20649191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Escrow Notes |  | 47250 | 45500 |  |  |  |
| Total Level 2 | 29597208834 | 5806189678 | 367873861 | 6199983251 | 99575131 | 3014518662 |
| Level 3 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Government and Agency Mortgage Backed Obligations | 45940048 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Backed Obligations | 26054448 | 5854431 |  | 5058188 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stocks |  | 221262 |  |  | 57762 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign Corporate Bonds |  | 40926 | 72662 | 29291 |  | 13323 |
| Total Level 3 | 71994496 | 6116619 | 72662 | 5087479 | 57762 | 13323 |
| Total | 30815610763 | 6693210380 | 374389006 | 6321312244 | 108235244 | 3183999527 |
| **Other Financial Instruments** |  |  |  |  |  |  |
| Level 1 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures | 17275434 | 3202803 |  |  |  |  |
| Total Level 1 | 17275434 | 3202803 |  |  |  |  |
| Level 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unfunded Commitments |  | 4142 |  |  | 2511 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excess Return Swaps |  |  |  |  |  | 44431507 |
| Total Level 2 |  |  |  |  |  | 44431507 |
| Level 3 |  |  |  |  |  |  |
| Total | $17275434 | $3206945 | $– | $– | $2511 | $44431507 |

---

See the Schedule of Investments for further disaggregation of investment categories.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Category** | **DoubleLine <br> Flexible Income <br> Fund** | **DoubleLine Low <br> Duration<br> Emerging <br> Markets Fixed Income Fund** | **DoubleLine<br> Long Duration Total Return <br> Bond Fund** | **DoubleLine Strategic<br> Commodity<br> Fund<br> (Consolidated)** | **DoubleLine Global <br> Bond Fund** | **DoubleLine Select <br> Income Fund** |
| **Investments in Securities** |  |  |  |  |  |  |
| Level 1 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Affiliated Mutual Funds | $68644246 | $– | $– | $– | $– | $– |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short Term Investments | 55871065 | 2673274 | 1058229 | 4181606 | 9891943 | 7138041 |
| Total Level 1 | 124515311 | 2673274 | 1058229 | 4181606 | 9891943 | 7138041 |
| Level 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Residential Collateralized Mortgage Obligations | 247776931 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | 174403259 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Government and Agency Mortgage Backed Obligations | 172045246 |  | 52873403 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Commercial Mortgage Backed Obligations | 161130442 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | 135647515 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Backed Obligations | 82279176 |  |  |  |  | 178648976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short Term Investments | 81958905 |  |  | 63622787 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign Corporate Bonds | 60047237 | 82616043 |  |  |  | 7222705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Corporate Bonds | 55714879 |  |  |  |  | 144560775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Government and Agency Obligations | 40621112 |  |  |  | 97866776 | 4085313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 22114078 | 37701809 |  |  | 134394189 | 2718605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Escrow Notes | 5250 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign Government Note/Bond |  |  |  |  | 5906133 |  |
| Total Level 2 | 1233744030 | 120317852 | 52873403 | 63622787 | 238167098 | 337236374 |
| Level 3 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 101294 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign Corporate Bonds | 10016 | 8614 |  |  |  | 1676820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Corporate Bonds |  |  |  |  |  | 5497632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Backed Obligations |  |  |  |  |  | 5027404 |
| Total Level 3 | 111310 | 8614 |  |  |  | 12201856 |
| Total | 1358370651 | 122999740 | 53931632 | 67804393 | 248059041 | 356576271 |
| **Other Financial Instruments** |  |  |  |  |  |  |
| Level 1 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures |  |  | (242474) |  |  |  |
| Total Level 1 |  |  | (242474) |  |  |  |
| Level 2 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unfunded Commitments | 3226 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excess Return Swaps |  |  |  | 504110 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Exchange Contracts |  |  |  |  | 6972 |  |
| Total Level 2 |  |  |  | 504110 | 6972 |  |
| Level 3 |  |  |  |  |  |  |
| Total | $3226 | $– | $(242474) | $504110 | $6972 | $– |

---

See the Schedule of Investments for further disaggregation of investment categories.

---

| | | | |
|:---|:---|:---|:---|
| **Category** | **DoubleLine <br> Shiller Enhanced <br> International CAPE<sup>®</sup>** | **DoubleLine <br> Emerging Markets Local <br> Currency Bond <br> Fund** | **DoubleLine <br> Securitized Credit Fund** |
| **Investments in Securities** |  |  |  |
| Level 1 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short Term Investments | $1274943 | $18506602 | $10082183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Affiliated Mutual Funds | 647048 |  |  |
| Total Level 1 | 1921991 | 18506602 | 10082183 |
| Level 2 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Government and Agency Obligations | 5662803 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Residential Collateralized Mortgage Obligations | 4459969 |  | 45346663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | 4020067 |  | 17350199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Corporate Bonds | 3974719 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Commercial Mortgage Backed Obligations | 3843003 |  | 27283121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Backed Obligations | 2115831 |  | 15309989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Government and Agency Mortgage Backed Obligations | 1347965 |  | 38227890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign Corporate Bonds | 401656 | 56752327 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations |  | 300857464 |  |
| Total Level 2 | 25826013 | 357609791 | 143517862 |
| Level 3 |  |  |  |
| Total | 27748004 | 376116393 | 153600045 |
| **Other Financial Instruments** |  |  |  |
| Level 2 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Excess Return Swaps | 2529104 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Exchange Contracts | 1144757 |  |  |
| Total Level 2 | 3673861 |  |  |
| Level 3 |  |  |  |
| Total | $3673861 | $– | $– |

---

See the Schedule of Investments for further disaggregation of investment categories.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **DoubleLine Select Income Fund** | **Fair Value as of <br> March 31, 2025** | **Net Realized Gain (Loss)** | **Net Change in <br> Unrealized Appreciation <br> (Depreciation)** **<sup>(c)</sup>** | **Net Accretion (Amortization)** | **Purchases** **<sup>(a)</sup>** | **Sales** **<sup>(b)</sup>** | **Transfers Into <br> Level 3<sup>(d)</sup>** | **Transfers Out of <br> Level 3<sup>(d)</sup>** | **Fair Value as of December 31, 2025** | **Net Change in Unrealized Appreciation (Depreciation) on securities held at December 31, 2025 <sup>(c)</sup>** |
| &nbsp;&nbsp;**Investments in Securities** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Corporate Bonds | $5154000 | $(1221) | $(34987) | $(160) | $505000 | $(125000) | $– | $– | $5497632 | $(53000) |
| &nbsp;&nbsp;&nbsp;Asset Backed Obligations |  |  | 32404 |  | 4995000 |  |  |  | 5027404 |  |
| &nbsp;&nbsp;&nbsp;Foreign Corporate Bonds | 2474761 | 3159 | (86050) | 5385 |  | (720435) |  |  | 1676820 | (96273) |
| &nbsp;&nbsp;**Total** | $7628761 | $1938 | $(88633) | $5225 | $5500000 | $(845435) | $– | $– | $12201856 | $(149273) |

---

*<sup>(a)</sup>* *Purchases include all purchases of securities, payups and corporate actions.*

*<sup>(b)</sup>* *Sales include all sales of securities, maturities, and paydowns.*

*<sup>(c)</sup>* *Any difference between Net Change in Unrealized Appreciation (Depreciation) and Net Change in Unrealized Appreciation (Depreciation) on securities held at December 31, 2025 may be due to a security that was not held or categorized as Level 3 at either period end.*

*<sup>(d)</sup>* *Transfers into or out of Level 3 can be attributed to changes in the availability of pricing sources and/or in the observability of significant inputs used to measure the fair value of those instruments.*

The following is a summary of quantitative information about Level 3 Fair Value Measurements:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DoubleLine Select Income Fund** | **Fair Value as of December 31, 2025** | **Valuation <br> Techniques** | **Unobservable <br> Input** | **Unobservable Input Values<br> (Weighted Average)<sup>(e)</sup>** | **Impact to valuation from an increase to input** |
| &nbsp;&nbsp;Corporate Bonds | $5497632 | &nbsp;&nbsp;Market Comparables | &nbsp;&nbsp;Market Quotes | &nbsp;&nbsp;$102.02 - $105.77 ($102.29) | &nbsp;&nbsp;Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security |
| &nbsp;&nbsp;Asset Backed Obligations | $5027404 | &nbsp;&nbsp;Market Comparables | &nbsp;&nbsp;Market Quotes | &nbsp;&nbsp;$100.55 ($100.55) | &nbsp;&nbsp;Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security |
| &nbsp;&nbsp;Foreign Corporate Bonds | $1676820 | &nbsp;&nbsp;Market Comparables | &nbsp;&nbsp;Market Quotes | &nbsp;&nbsp;$94.66 ($94.66) | &nbsp;&nbsp;Significant changes in the market quotes would have resulted in direct and proportional changes in the fair value of the security |

---

*<sup>(e)</sup> Unobservable inputs were weighted by the relative fair value of the instruments.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DoubleLine Funds Trust

- **b. Investment Company Act file number:** 811-22378

- **c. CIK number of Registrant:** 0001480207

- **d. LEI of Registrant:** 549300MUFFXFRMY0RH66

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

  - **Street Address 1:** 2002 North Tampa Street

  - **City:** Tampa

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33602

  - **Telephone number:** 813-791-7333

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

- **a. Name of Series:** DoubleLine Flexible Income Fund

- **b. EDGAR series identifier (if any):** S000044832

- **c. LEI of Series:** 5493009OEOOJK54WE413

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1373207171.73

**Total Liabilities:** $16423126.10

**Net Assets:** $1356784045.63

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1354.000000000000 | **1-Year:** 40648.000000000000 | **5-Year:** 182138.000000000000 | **10-Year:** 70717.000000000000 | **30-Year:** 6252.000000000000

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

- **3-Month:** 1020.000000000000 | **1-Year:** 23812.000000000000 | **5-Year:** 76489.000000000000 | **10-Year:** 20122.000000000000 | **30-Year:** 2835.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000139216 | 0.44%                | 0.43%                | 0.44%                |
| Class ID C000139217 | 0.42%                | 0.53%                | 0.31%                |
| Class ID C000213588 | 0.33%                | 0.55%                | 0.45%                |
| Class ID C000265923 | 0.00%                | 0.54%                | 0.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-363325.28              | $-69988.49                                 |
| Month 2  | $-566502.48              | $2083025.48                                |
| Month 3  | $70197.66                | $-1236444.54                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                            | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Barclays Commercial Mortgage S                  | BBCMS 2019-BWAY Mortgage Trust                                                   | CUSIP: 05492NAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1675000 | PA      | $10870.75     | 0.00%             | 2034-11-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 2025-5YR19                                                                 | CUSIP: 05494RCD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2631000 | PA      | $2649622.22   | 0.20%             | 2058-12-15      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 2025-5YR15                                                                 | CUSIP: 065924AM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12992832 | PA      | $634012.55    | 0.05%             | 2058-07-15      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                    | Csmc 2021-Nqm6 Trust                                                             | CUSIP: 12662KAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1102090.95   | 0.08%             | 2066-07-25      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                        | Celanese US Holdings LLC                                                         | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129435.58    | 0.01%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Deutsche Mortgage and Asset Re                  | Deutsche Mortgage & Asset Receiving Corp                                         | CUSIP: 25160HAC9<br>LEI: 529900JBPP7HAVCM8C23 | Long             | ABS-MBS          | CORP              | US        |     81645 | PA      | $69230.14     | 0.01%             | 2037-07-27      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| DIGICEL GROUP HOLDINGS                          | Digicel Group Holdings Ltd                                                       | CUSIP: 25381HAR9<br>LEI: N/A                  | Long             | DBT              | CORP              | JM        |    339480 | PA      | $2269.46      | 0.00%             | 2030-12-31      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| KODIAK GAS SERVICES LLC                         | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    320000 | PA      | $333103.04    | 0.02%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                  | MF1 2021-FL7 Ltd                                                                 | CUSIP: 55284AAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2950000 | PA      | $2944872.90   | 0.22%             | 2036-10-16      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                          | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    315000 | PA      | $314319.75    | 0.02%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                               | Chord Energy Corp                                                                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    190000 | PA      | $196607.63    | 0.01%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                        | Univision Communications Inc                                                     | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    310000 | PA      | $324090.74    | 0.02%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                | Vail Resorts Inc                                                                 | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    435000 | PA      | $451680.95    | 0.03%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2021-3                                                | CUSIP: 92539LAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2600000 | PA      | $2000116.04   | 0.15%             | 2066-06-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| VICTRA HLDG/VICTRA FIN                          | Victra Holdings LLC / Victra Finance Corp                                        | CUSIP: 92648DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    430000 | PA      | $455790.54    | 0.03%             | 2029-09-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                        | Vista Energy Argentina SAU                                                       | CUSIP: 92841RAB6<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |    150000 | PA      | $154312.50    | 0.01%             | 2033-06-10      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                           | Minerva Luxembourg SA                                                            | CUSIP: ZI7819140<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $437564.80    | 0.03%             | 2033-09-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CYBORG OLDCO DC HOLDINGS                        | Cyborg Oldco DC Holdings Inc                                                     | CUSIP: 19633FAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98874 | PA      | $0.00         | 0.00%             | 2024-05-01      | Floating      | 7.30%                 | No            |                  3 | On Loan: No      |
| VIRGIN MEDIA BRISTOL LLC                        | Virgin Media Bristol LLC                                                         | CUSIP: N/A<br>LEI: 213800IQ982XX69LE276       | Long             | LON              | CORP              | US        |    610000 | PA      | $605321.30    | 0.04%             | 2031-03-31      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| LC AHAB US BIDCO LLC                            | LC Ahab US Bidco LLC                                                             | CUSIP: 50180PAB7<br>LEI: 254900949U9K2Q5C5A85 | Long             | LON              | CORP              | US        |    903676 | PA      | $907444.36    | 0.07%             | 2031-05-01      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                              | Central Parent LLC                                                               | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    183209 | PA      | $155780.81    | 0.01%             | 2029-07-06      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| CENGAGE LEARNING INC                            | Cengage Learning Inc                                                             | CUSIP: 15131YAQ8<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | LON              | CORP              | US        |    579683 | PA      | $582749.37    | 0.04%             | 2031-03-24      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| DG INVESTMENT INTERMEDI                         | DG Investment Intermediate Holdings 2 Inc                                        | CUSIP: 23344MAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    120000 | PA      | $120450.00    | 0.01%             | 2033-07-29      | Floating      | 9.22%                 | No            |                  2 | On Loan: No      |
| CURIUM BIDCO SARL                               | Curium Bidco Sarl                                                                | CUSIP: N/A<br>LEI: 213800P2VV9KG6N9L140       | Long             | LON              | CORP              | LU        |     44261 | PA      | $44759.05     | 0.00%             | 2031-08-07      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                          | Mexico City Airport Trust                                                        | CUSIP: AP1359938<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    500000 | PA      | $489346.58    | 0.04%             | 2028-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                              | Morocco Government International Bond                                            | CUSIP: BM9763095<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    500000 | PA      | $480242.39    | 0.04%             | 2027-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MISC CAPITAL TWO LABUAN                         | MISC Capital Two Labuan Ltd                                                      | CUSIP: BV5958574<br>LEI: 9845000ED8376T875113 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $198793.17    | 0.01%             | 2027-04-06      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                         | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    115000 | PA      | $117200.94    | 0.01%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                              | CNX Resources Corp                                                               | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    185000 | PA      | $186482.78    | 0.01%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PART LP                           | CNX Midstream Partners LP                                                        | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $199709.40    | 0.01%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                           | Chile Electricity Lux Mpc II Sarl                                                | CUSIP: 16882LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |    388348 | PA      | $404363.89    | 0.03%             | 2035-10-20      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| CHILE ELEC PEC SPA                              | Chile Electricity PEC SpA                                                        | CUSIP: 168831AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |   1143772 | PA      | $1030824.34   | 0.08%             | 2028-01-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                | COLT 2025-7 Mortgage Loan Trust                                                  | CUSIP: 19689CAD3<br>LEI: 213800DOQUYA3TO33M98 | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $909669.42    | 0.07%             | 2070-06-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                   | Citigroup Commercial Mortgage Trust 2016-P4                                      | CUSIP: 29429EAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2131538 | PA      | $3670.51      | 0.00%             | 2049-07-10      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                            | FREMF 2019-KF71 Mortgage Trust                                                   | CUSIP: 30314GAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1901719 | PA      | $1840941.34   | 0.14%             | 2029-10-25      | Floating      | 10.12%                | No            |                  2 | On Loan: No      |
| GATES CORPORATION/DE                            | Gates Corp/DE                                                                    | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155959.51    | 0.01%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                           | Genesee & Wyoming Inc                                                            | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    445000 | PA      | $459463.87    | 0.03%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                        | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    300000 | PA      | $307176.00    | 0.02%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                  | MF1 2025-FL17 LLC                                                                | CUSIP: 55287HAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1260000 | PA      | $1265145.84   | 0.09%             | 2040-02-18      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                          | Marlette Funding Trust 2022-1                                                    | CUSIP: 57109KAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    441430 | PA      | $436372.03    | 0.03%             | 2032-04-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| MASTR Adjustable Rate Mortgage                  | MASTR Adjustable Rate Mortgages Trust 2006-2                                     | CUSIP: 576438AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     67831 | PA      | $30771.99     | 0.00%             | 2036-04-25      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| MENLO CLO                                       | Menlo CLO I Ltd                                                                  | CUSIP: 586915AA8<br>LEI: 2549005RHPY3C68SIP61 | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5022662.00   | 0.37%             | 2038-01-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                             | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    345000 | PA      | $347068.62    | 0.03%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOLRR Aircraft 2021-1 Limited                   | Lunar 2021-1 Structured Aircraft Portfolio Notes                                 | CUSIP: 83438LAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | MC        |   1650894 | PA      | $1624989.90   | 0.12%             | 2046-10-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                         | Starwood Property Trust Inc                                                      | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    270000 | PA      | $272985.39    | 0.02%             | 2028-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNIGEL LUXEMBOURG SA                            | Unigel Luxembourg SA                                                             | CUSIP: 904752AD4<br>LEI: 213800Y16R77O7LH7X62 | Long             | DBT              | CORP              | BR        |     51684 | PA      | $3617.88      | 0.00%             | 2028-12-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Uniti Fiber ABS Issuer LLC                      | Uniti Fiber Abs Issuer LLC                                                       | CUSIP: 91326EAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2559760.75   | 0.19%             | 2055-04-20      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| GAINWELL ACQUISITION COR                        | Gainwell Acquisition Corp                                                        | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1149254 | PA      | $1131153.34   | 0.08%             | 2027-10-01      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                            | Michaels Cos Inc/The                                                             | CUSIP: 59408UAB3<br>LEI: 549300H9LWMBP7HYLR98 | Long             | LON              | CORP              | US        |    220326 | PA      | $213570.80    | 0.02%             | 2028-04-17      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                        | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |    375000 | PA      | $376473.75    | 0.03%             | 2028-08-23      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| MITER BRANDS ACQUISITION                        | MITER Brands Acquisition Holdco Inc                                              | CUSIP: 55336CAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    566471 | PA      | $567711.77    | 0.04%             | 2031-03-28      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                            | Amentum Holdings Inc                                                             | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |    376000 | PA      | $377526.56    | 0.03%             | 2031-09-29      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| COLOSSUS ACQUIRECO LLC                          | COLOSSUS ACQUIRECO LLC, Senior Secured First Lien Term Loan                      | CUSIP: 19682LAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1455000 | PA      | $1455654.75   | 0.11%             | 2032-07-30      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| AASET 2022-1 LLC                                | AASET 2022-1 LLC                                                                 | CUSIP: 00255EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |    860298 | PA      | $878896.67    | 0.06%             | 2047-05-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Anthelion CLO                                   | Anthelion CLO 2025-1 Ltd                                                         | CUSIP: 03676GAA9<br>LEI: 254900S9YB3JCLS0SX64 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1003514.90   | 0.07%             | 2036-07-20      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Asset Backed Securities Corp H                  | Asset Backed Securities Corp Home Equity Loan Trust Series AMQ 2007-HE2          | CUSIP: 04544TAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1459875 | PA      | $1057898.94   | 0.08%             | 2037-05-25      | Floating      | 4.08%                 | 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              | US        |    455000 | PA      | $472102.31    | 0.03%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                            | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    155000 | PA      | $160639.93    | 0.01%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                          | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    180000 | PA      | $187596.07    | 0.01%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| DANA INC                                        | Dana Inc                                                                         | CUSIP: 235825AF3<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99897.83     | 0.01%             | 2027-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer II, LLC                         | DataBank Issuer II LLC                                                           | CUSIP: 23802YAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2938932.90   | 0.22%             | 2055-09-27      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                           | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     78000 | PA      | $78501.54     | 0.01%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                   | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    210000 | PA      | $232382.05    | 0.02%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                            | FS Rialto 2021-FL3                                                               | CUSIP: 30323CAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    479025 | PA      | $479852.40    | 0.04%             | 2036-11-16      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137H0WY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4216286 | PA      | $770156.56    | 0.06%             | 2051-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Corp Trust 2018-TWR                                       | CUSIP: 36251SAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $88812.68     | 0.01%             | 2031-07-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Trust 2016-GS2                                            | CUSIP: 36252TAT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3559879 | PA      | $35.60        | 0.00%             | 2049-05-10      | Variable      | 1.64%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                            | Garda World Security Corp                                                        | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    285000 | PA      | $290795.19    | 0.02%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S/GENMAB FIN                           | GENMAB A/S/GENMAB FINANCE LLC                                                    | CUSIP: 37230JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |    200000 | PA      | $205108.31    | 0.02%             | 2032-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38381JAV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  25599018 | PA      | $1823343.80   | 0.13%             | 2063-05-16      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38381LWG3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7171300 | PA      | $531437.77    | 0.04%             | 2066-03-16      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38381MLU2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  14084818 | PA      | $796854.21    | 0.06%             | 2067-05-16      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383DNJ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4861388 | PA      | $846090.00    | 0.06%             | 2051-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383FRS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4907366 | PA      | $884268.12    | 0.07%             | 2051-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383UVR8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2745419 | PA      | $360791.22    | 0.03%             | 2052-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38384VSK4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4828739 | PA      | $732512.49    | 0.05%             | 2051-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GRIFFON CORPORATION                             | Griffon Corp                                                                     | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |    415000 | PA      | $416032.52    | 0.03%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                          | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154630.20    | 0.01%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                | Hilton USA Trust 2016-SFP                                                        | CUSIP: 43289VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1046000 | PA      | $906901.87    | 0.07%             | 2035-11-05      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust                  | Home Partners of America 2019-2 Trust                                            | CUSIP: 43732TAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6410959 | PA      | $6235254.47   | 0.46%             | 2039-10-19      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| JPMorgan US Government Money M                  | JPMorgan US Government Money Market Fund                                         | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |  18623688 | NS      | $18623688.32  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman CLO Ltd                        | Neuberger Berman CLO XVII Ltd                                                    | CUSIP: 64129UCC7<br>LEI: 549300XVEYZNG956Y145 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1003965.00   | 0.07%             | 2038-07-22      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                               | Chord Energy Corp                                                                | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    315000 | PA      | $320061.42    | 0.02%             | 2030-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                        | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $201224.25    | 0.01%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya AI Debt Grantor Trust 2025-5                                              | CUSIP: 69548WAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2499903 | PA      | $2510527.99   | 0.19%             | 2033-03-15      | Fixed         | 5.64%                 | 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              | CORP              | US        |    245000 | PA      | $252364.70    | 0.02%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                  | PRPM 2025-3                                                                      | CUSIP: 74449DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4500074 | PA      | $4511958.11   | 0.33%             | 2030-05-25      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                            | QTS Issuer ABS I LLC                                                             | CUSIP: 74690DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2515710.50   | 0.19%             | 2055-05-25      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                           | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109747.96    | 0.01%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                        | Standard Building Solutions Inc                                                  | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    450000 | PA      | $459945.86    | 0.03%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                   | UBS Commercial Mortgage Trust 2018-C13                                           | CUSIP: 90353KBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2325000 | PA      | $2228758.72   | 0.16%             | 2051-10-15      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                    | Upstart Securitization Trust 2021-4                                              | CUSIP: 91682NAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    615361 | PA      | $612662.15    | 0.05%             | 2031-09-20      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo                  | Velocity Commercial Capital Loan Trust 2018-2                                    | CUSIP: 92259BAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    256024 | PA      | $240497.00    | 0.02%             | 2048-10-26      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                          | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    290000 | PA      | $288551.71    | 0.02%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| DBS GROUP HOLDINGS LTD                          | DBS Group Holdings Ltd                                                           | CUSIP: BO3306350<br>LEI: 5493007FKT78NKPM5V55 | Long             | DBT              | CORP              | SG        |   1700000 | PA      | $1689315.45   | 0.12%             | 2031-03-10      | Variable      | 1.82%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO LLC                               | Polaris Newco LLC                                                                | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |    624465 | PA      | $603626.57    | 0.04%             | 2028-06-05      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| DEXKO GLOBAL INC                                | Dexko Global Inc                                                                 | CUSIP: 25213YAU9<br>LEI: 549300SMZ4OV1KBH1M19 | Long             | LON              | CORP              | US        |    287295 | PA      | $285768.26    | 0.02%             | 2028-10-04      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| EAGLE PARENT CORP                               | Eagle Parent Corp                                                                | CUSIP: 26972CAC6<br>LEI: 5493007MVERDD2NKNE42 | Long             | LON              | CORP              | US        |     70270 | PA      | $70545.33     | 0.01%             | 2029-04-02      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| ELEMENT MATERIAL TECHNOL                        | Element Materials Technology Group US Holdings Inc                               | CUSIP: N/A<br>LEI: 213800EGOJGGUKUGEZ30       | Long             | LON              | CORP              | US        |    386803 | PA      | $390671.28    | 0.03%             | 2029-06-25      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| Ontario Gaming GTA LP                           | Ontario Gaming GTA LP, Senior Secured First Lien Term Loan                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    601682 | PA      | $558273.79    | 0.04%             | 2030-08-01      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| Husky Injection Molding Systems Ltd.            | Husky Injection Molding Systems Ltd., Senior Secured First Lien Term Loan        | CUSIP: C8856UAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    387259 | PA      | $390674.13    | 0.03%             | 2029-02-15      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| APPLIED SYSTEMS INC                             | Applied Systems Inc                                                              | CUSIP: 03827FBC4<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |    125000 | PA      | $127441.88    | 0.01%             | 2032-02-23      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP                        | Graham Packaging Co Inc                                                          | CUSIP: 38469EAE3<br>LEI: 549300YS0ZFT826HIK72 | Long             | LON              | CORP              | US        |   1024299 | PA      | $1029507.44   | 0.08%             | 2027-08-04      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| INEOS US PETROCHEM LLC                          | INEOS US Petrochem LLC                                                           | CUSIP: G4770MAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    288375 | PA      | $194472.89    | 0.01%             | 2031-10-07      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                  | Sabre GLBL Inc                                                                   | CUSIP: 78571YBK5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |    149141 | PA      | $132735.26    | 0.01%             | 2029-11-15      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| AI AQUA MERGER SUB INC                          | AI Aqua Merger Sub Inc                                                           | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |   1027278 | PA      | $1030698.96   | 0.08%             | 2028-07-31      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                         | Frontier Communications Holdings LLC                                             | CUSIP: 35906EAU4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    765000 | PA      | $766556.78    | 0.06%             | 2031-07-01      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                          | Arsenal AIC Parent LLC                                                           | CUSIP: 04287KAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     66718 | PA      | $66989.58     | 0.00%             | 2030-08-19      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| GRANT THORNTON ADVISORS                         | Grant Thornton Advisors LLC                                                      | CUSIP: 38821UAF7<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |    255000 | PA      | $256320.90    | 0.02%             | 2031-05-30      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                               | Nexstar Media Inc                                                                | CUSIP: 65336RBB3<br>LEI: 5493006PK6I4I2OOT688 | Long             | LON              | CORP              | US        |    621875 | PA      | $625531.62    | 0.05%             | 2032-06-28      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| CHG HEALTHCARE SERVICES INC                     | CHG Healthcare Services Inc                                                      | CUSIP: 12541HAX1<br>LEI: 54930016Y1HPAVB9PZ54 | Long             | LON              | CORP              | US        |   1948645 | PA      | $1959830.32   | 0.14%             | 2028-09-29      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| TIGER ACQUISITION LLC                           | Tiger Acquisition LLC                                                            | CUSIP: 88675UAE2<br>LEI: 25490011XE2GWJKY5N51 | Long             | LON              | CORP              | US        |    691879 | PA      | $694906.26    | 0.05%             | 2032-08-23      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| DEEP BLUE OPERATING I LL                        | Deep Blue Operating I LLC                                                        | CUSIP: 24369TAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    245000 | PA      | $246173.55    | 0.02%             | 2032-10-01      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                                     | Corp Nacional del Cobre de Chile                                                 | CUSIP: ZR7485918<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    950000 | PA      | $902292.90    | 0.07%             | 2029-09-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ORBIA ADVANCE CORP SAB                          | Orbia Advance Corp SAB de CV                                                     | CUSIP: EJ3632746<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $435712.30    | 0.03%             | 2042-09-19      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PRUMO PARTICIPACOES E IN                        | Prumo Participacoes e Investimentos S/A                                          | CUSIP: ZQ2487259<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |   1215779 | PA      | $1248234.42   | 0.09%             | 2031-12-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TELFON CELUAR DEL PARAGU                        | Telefonica Celular del Paraguay SA                                               | CUSIP: AX9193928<br>LEI: 254900R8A8IKGF4THL54 | Long             | DBT              | CORP              | PY        |     95000 | PA      | $94831.85     | 0.01%             | 2027-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                        | OCP SA                                                                           | CUSIP: ZB6265712<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   1000000 | PA      | $1078159.38   | 0.08%             | 2034-05-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ace Securities Corp.                            | ACE Securities Corp Home Equity Loan Trust Series 2007-HE1                       | CUSIP: 00443LAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    995357 | PA      | $609481.98    | 0.04%             | 2037-01-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                        | Advanced Drainage Systems Inc                                                    | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    450000 | PA      | $461842.20    | 0.03%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                      | Affirm Asset Securitization Trust 2024-X2                                        | CUSIP: 00833QAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2270017.13   | 0.17%             | 2029-12-17      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                             | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    315000 | PA      | $328854.33    | 0.02%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trus                  | CFCRE Commercial Mortgage Trust 2016-C4                                          | CUSIP: 12531YAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1383160 | PA      | $1026.86      | 0.00%             | 2058-05-10      | Variable      | 1.44%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                          | CHL Mortgage Pass-Through Trust 2007-HY1                                         | CUSIP: 12544EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    269157 | PA      | $251385.66    | 0.02%             | 2037-04-25      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T                  | Alternative Loan Trust 2006-OA6                                                  | CUSIP: 12668BD91<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1645589 | PA      | $1532561.05   | 0.11%             | 2046-07-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T                  | Alternative Loan Trust 2006-6CB                                                  | CUSIP: 12668BSQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3245599 | PA      | $1181332.84   | 0.09%             | 2036-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                          | Canyon Capital CLO 2022-1 Ltd                                                    | CUSIP: 13877JAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $999514.20    | 0.07%             | 2035-04-15      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                   | Carnival Corp                                                                    | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    570000 | PA      | $589188.48    | 0.04%             | 2031-06-15      | Fixed         | 5.88%                 | 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              | US        |    140000 | PA      | $143635.80    | 0.01%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                          | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164631.11    | 0.01%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                             | COMM 2018-HCLV Mortgage Trust                                                    | CUSIP: 20048KAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2228000 | PA      | $708944.03    | 0.05%             | 2033-09-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                   | CommScope LLC                                                                    | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35381.51     | 0.00%             | 2031-12-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden 68 CLO Ltd                                                                | CUSIP: 26252QAQ5<br>LEI: 254900MX6QAMC9XBAB53 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $990182.10    | 0.07%             | 2035-07-15      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Corp Trust 2018-RIVR                                      | CUSIP: 36255WAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1509000 | PA      | $4904.25      | 0.00%             | 2035-07-15      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                       | GPMT 2021-FL4 Ltd                                                                | CUSIP: 36262TAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $995592.00    | 0.07%             | 2036-12-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38381HYW5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  46108439 | PA      | $2478264.07   | 0.18%             | 2064-09-16      | Variable      | 0.67%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38381L5N8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  19541283 | PA      | $1418871.05   | 0.10%             | 2066-07-16      | Variable      | 0.84%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382JXM3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  24129824 | PA      | $365086.65    | 0.03%             | 2050-09-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383DZH4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6780371 | PA      | $618934.67    | 0.05%             | 2051-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38385KLQ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3000000 | PA      | $3006294.00   | 0.22%             | 2054-09-20      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu                  | GreenSky Home Improvement Issuer Trust 2024-2                                    | CUSIP: 39571XAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    579866 | PA      | $591631.48    | 0.04%             | 2059-10-27      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta                  | Greystone CRE Notes 2021-FL3 Ltd                                                 | CUSIP: 39809PAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2200000 | PA      | $2206540.60   | 0.16%             | 2039-07-15      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                      | Grifols SA                                                                       | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    250000 | PA      | $247084.95    | 0.02%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                               | Herc Holdings Inc                                                                | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111698.81    | 0.01%             | 2031-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd                               | KREF 2021-FL2 Ltd                                                                | CUSIP: 48275RAE7<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | US        |   3197500 | PA      | $3191878.80   | 0.24%             | 2039-02-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                             | LCM XIV LP                                                                       | CUSIP: 50184VAU8<br>LEI: 549300NGJ6CPPJRPGL08 | Long             | ABS-CBDO         | CORP              | US        |   3175000 | PA      | $3187872.40   | 0.23%             | 2031-07-20      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Commercial Mort                  | LCCM 2017-LC26                                                                   | CUSIP: 50190DAW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2532000 | PA      | $2376181.73   | 0.18%             | 2050-07-12      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust                     | Legacy Mortgage Asset Trust 2021-GS1                                             | CUSIP: 52474JAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3796190 | PA      | $3799434.70   | 0.28%             | 2066-10-25      | Variable      | 7.84%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                           | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    475000 | PA      | $486446.55    | 0.04%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                       | MSBAM Commercial Mortgage Securities Trust 2012-CKSV                             | CUSIP: 553514AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    767236 | PA      | $739224.39    | 0.05%             | 2030-10-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                        | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    105000 | PA      | $92302.35     | 0.01%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Alternative Note                  | Merrill Lynch Alternative Note Asset Trust Series 2007-F1                        | CUSIP: 59023YAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    257782 | PA      | $80746.18     | 0.01%             | 2037-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                       | Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9                       | CUSIP: 61762DAZ4<br>LEI: 549300PFVBG5704L7K74 | Long             | ABS-MBS          | CORP              | US        |    872063 | PA      | $849795.59    | 0.06%             | 2046-05-15      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                  | PRPM 2025-7 LLC                                                                  | CUSIP: 69382YAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $801909.92    | 0.06%             | 2030-08-25      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                           | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $176269.26    | 0.01%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                        | Petrobras Global Finance BV                                                      | CUSIP: 71647NBM0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | BR        |    600000 | PA      | $588708.24    | 0.04%             | 2030-09-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne                  | PRET 2025-NPL9 LLC                                                               | CUSIP: 740937AB3<br>LEI: 254900IWII23Q41Y2V47 | Long             | ABS-MBS          | CORP              | US        |   1162000 | PA      | $1165305.19   | 0.09%             | 2055-08-25      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                             | Sound Point CLO XVIII Ltd                                                        | CUSIP: 83609TAG2<br>LEI: 549300G09B8CGBRMLL31 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $499606.20    | 0.04%             | 2031-01-21      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                         | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $90052.70     | 0.01%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                           | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     50000 | PA      | $54052.80     | 0.00%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-1                                                | CUSIP: 92540TAD2<br>LEI: 213800JOKZMXZECMAB50 | Long             | ABS-MBS          | CORP              | US        |   6125000 | PA      | $6227492.69   | 0.46%             | 2070-01-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2021-1 Ltd                                                              | CUSIP: 92918QAU4<br>LEI: 549300TZK6NKU72KPL60 | Long             | ABS-CBDO         | CORP              | US        |   1200000 | PA      | $1203775.80   | 0.09%             | 2034-07-15      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                              | THL Credit Wind River 2017-1 CLO Ltd                                             | CUSIP: 97315TAJ1<br>LEI: 254900W8N6WOFX1LSH24 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2003628.40   | 0.15%             | 2036-04-18      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| ADANI ELECTRICITY MUMBAI                        | Adani Electricity Mumbai Ltd                                                     | CUSIP: ZP9004422<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |    649000 | PA      | $604985.25    | 0.04%             | 2030-02-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA                        | AI Candelaria -spain- SA                                                         | CUSIP: AV1352799<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | CO        |    295832 | PA      | $300014.70    | 0.02%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| COSAN LUXEMBOURG SA                             | Cosan Luxembourg SA                                                              | CUSIP: AZ7914288<br>LEI: 222100ZY943WERK7RZ38 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $392086.00    | 0.03%             | 2029-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FIN LT                        | Lima Metro Line 2 Finance Ltd                                                    | CUSIP: EK9717506<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | PE        |    533687 | PA      | $555627.38    | 0.04%             | 2034-07-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MARB BONDCO PLC                                 | MARB BondCo PLC                                                                  | CUSIP: BN5536097<br>LEI: 254900PVA1EU6QM1JN57 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $362948.62    | 0.03%             | 2031-01-29      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                | CSC Holdings LLC                                                                 | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |    302539 | PA      | $265152.59    | 0.02%             | 2027-04-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                            | Cornerstone Building Brands Inc                                                  | CUSIP: 72431HAD2<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |    378890 | PA      | $298754.80    | 0.02%             | 2028-04-12      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| CAMELOT US ACQUISITION LLC                      | Camelot US Acquisition LLC                                                       | CUSIP: N/A<br>LEI: 549300U6VBJHQP2SFL81       | Long             | LON              | CORP              | US        |     12320 | PA      | $12179.99     | 0.00%             | 2031-01-31      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                          | Lumen Technologies Inc                                                           | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |   1554696 | PA      | $1548772.45   | 0.11%             | 2029-04-16      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                     | Staples Inc                                                                      | CUSIP: 855031AU4<br>LEI: XQM2JINI1UL7642TU573 | Long             | LON              | CORP              | US        |    396343 | PA      | $377392.05    | 0.03%             | 2029-09-10      | Floating      | 9.60%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                             | LBM Acquisition LLC                                                              | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |    441939 | PA      | $415743.04    | 0.03%             | 2031-06-06      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                               | Clarios Global LP                                                                | CUSIP: C8000CAM5<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    509860 | PA      | $511187.84    | 0.04%             | 2030-05-06      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE                                       | CommScope LLC                                                                    | CUSIP: N/A<br>LEI: 549300Z6K4JXMFE8QY54       | Long             | LON              | CORP              | US        |   2816022 | PA      | $2824976.89   | 0.21%             | 2029-12-17      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                | Wand NewCo 3 Inc                                                                 | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |   1085313 | PA      | $1087690.18   | 0.08%             | 2031-01-30      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                               | Clarios Global LP                                                                | CUSIP: C8000CAP8<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    880000 | PA      | $885636.40    | 0.07%             | 2032-01-28      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP                           | AAdvantage Loyalty IP Ltd                                                        | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    145519 | PA      | $146046.26    | 0.01%             | 2028-04-20      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| CASTLE US HOLDING CORP                          | Castle US Holding Corp                                                           | CUSIP: 14852DAJ0<br>LEI: 254900VXLMLPIE9ID612 | Long             | LON              | CORP              | US        |    118095 | PA      | $63476.12     | 0.00%             | 2030-05-31      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                              | Voyager Parent LLC                                                               | CUSIP: 92921HAC9<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    623354 | PA      | $624581.54    | 0.05%             | 2032-07-01      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| SIGNIA AEROSPACE LLC                            | Signia Aerospace LLC                                                             | CUSIP: 82670NAH9<br>LEI: 254900S9ONE06XB1T251 | Long             | LON              | CORP              | US        |     32538 | PA      | $32698.85     | 0.00%             | 2031-12-11      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| GREEN INFRASTRUCTURE                            | Green Infrastructure Partners Inc                                                | CUSIP: N/A<br>LEI: 549300W1V7LSCKWMX505       | Long             | LON              | CORP              | CA        |   1315000 | PA      | $1319931.25   | 0.10%             | 2032-09-24      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| LAVENDER US HOLDCO 1 INC                        | Lavender US HoldCo 1 Inc                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    400000 | PA      | $403750.00    | 0.03%             | 2032-12-02      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                         | Mong Duong Finance Holdings BV                                                   | CUSIP: AZ8065700<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | VN        |    579381 | PA      | $573509.34    | 0.04%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                              | Dominican Republic International Bond                                            | CUSIP: ZP6620006<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    200000 | PA      | $195800.00    | 0.01%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MINSUR SA                                       | Minsur SA                                                                        | CUSIP: BS1363347<br>LEI: 254900C69MVC7SXO2G61 | Long             | DBT              | CORP              | PE        |    700000 | PA      | $670911.40    | 0.05%             | 2031-10-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                              | Morocco Government International Bond                                            | CUSIP: BM9763111<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    400000 | PA      | $352564.46    | 0.03%             | 2032-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                         | Adani Ports & Special Economic Zone Ltd                                          | CUSIP: BN7410036<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    700000 | PA      | $621015.07    | 0.05%             | 2031-02-02      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ADANI ELECTRICITY MUMBAI                        | Adani Electricity Mumbai Ltd                                                     | CUSIP: BQ5241923<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |    400000 | PA      | $360035.28    | 0.03%             | 2031-07-22      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| MEDCO LAUREL TREE                               | Medco Laurel Tree Pte Ltd                                                        | CUSIP: BS2398870<br>LEI: 254900SX7FFGRREZD046 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $201627.24    | 0.01%             | 2028-11-12      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                          | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $248289.12    | 0.02%             | 2032-07-01      | Fixed         | 6.75%                 | 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        |    693355 | PA      | $729950.46    | 0.05%             | 2041-01-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CSAB Mortgage Backed Trust                      | CSAB Mortgage-Backed Trust 2006-2                                                | CUSIP: 12627HAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    247955 | PA      | $69911.71     | 0.01%             | 2036-09-25      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                    | CSMC Series 2011-12R                                                             | CUSIP: 12645VCA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    126942 | PA      | $127347.22    | 0.01%             | 2036-07-27      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                        | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $465289.94    | 0.03%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                           | Ellucian Holdings Inc                                                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    440000 | PA      | $449746.45    | 0.03%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                        | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $333683.87    | 0.02%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                          | Energizer Holdings Inc                                                           | CUSIP: 29272WAG4<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    195000 | PA      | $187288.61    | 0.01%             | 2033-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136B8P86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4208362 | PA      | $708811.08    | 0.05%             | 2050-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137FTUF2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1169774 | PA      | $1149184.25   | 0.08%             | 2050-06-25      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137HNTT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6291663 | PA      | $6300844.99   | 0.46%             | 2055-11-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137HPP64<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2750000 | PA      | $2753173.50   | 0.20%             | 2054-11-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                  | CUSIP: 3140QTCE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3117695 | PA      | $3246605.33   | 0.24%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                 | Fannie Mae Interest Strip                                                        | CUSIP: 31423X2C4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8295682 | PA      | $1486074.85   | 0.11%             | 2052-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FULL HOUSE RESORTS INC                          | Full House Resorts Inc                                                           | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    115000 | PA      | $100337.50    | 0.01%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Halcyon Loan Advisors Funding                   | Halcyon Loan Advisors Funding 2014-2 Ltd                                         | CUSIP: 40538DAA6<br>LEI: 549300U92YP85EMXX728 | Long             | ABS-CBDO         | CORP              | US        |    266376 | PA      | $35489.58     | 0.00%             | 2025-04-28      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                          | Harvest Midstream I LP                                                           | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    305000 | PA      | $318160.45    | 0.02%             | 2032-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ILLUMINATE BUYER/HLDG                           | Illuminate Buyer LLC / Illuminate Holdings IV Inc                                | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     42000 | PA      | $42275.39     | 0.00%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Impac Secured Assets Corp.                      | Impac Secured Assets Trust 2006-5                                                | CUSIP: 45257EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    585769 | PA      | $540697.44    | 0.04%             | 2037-02-25      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| Jol Air                                         | JOL Air Ltd                                                                      | CUSIP: 46651NAB0<br>LEI: 549300TS4MUGCDXPW498 | Long             | ABS-O            | CORP              | US        |    643215 | PA      | $642333.49    | 0.05%             | 2044-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                            | LifePoint Health Inc                                                             | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    150000 | PA      | $159500.10    | 0.01%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Progress Residential Trust                      | Progress Residential 2024-SFR3 Trust                                             | CUSIP: 74331VAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $5736825.00   | 0.42%             | 2041-06-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                           | Qnity Electronics Inc                                                            | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129725.19    | 0.01%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                        | Radiate Holdco LLC / Radiate Finance Inc                                         | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $33425.00     | 0.00%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ReadyCap Commercial Mortgage T                  | Ready Capital Mortgage Financing 2023-FL11 LLC                                   | CUSIP: 75575RAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2100000 | PA      | $2112324.90   | 0.16%             | 2039-10-25      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                             | Sound Point CLO IX Ltd                                                           | CUSIP: 83609GBU8<br>LEI: 549300W2FX6HEXN27U70 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1937599.00   | 0.14%             | 2032-07-20      | Floating      | 8.65%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                             | Sound Point CLO XXIII                                                            | CUSIP: 83614BAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6000000 | PA      | $6003356.40   | 0.44%             | 2034-07-15      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                             | Sound Point CLO XXIV                                                             | CUSIP: 83614NAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $966925.70    | 0.07%             | 2034-10-25      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                          | Galaxy Pipeline Assets Bidco Ltd                                                 | CUSIP: BO0130373<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | AE        |    519828 | PA      | $443292.01    | 0.03%             | 2040-09-30      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| SIMPAR EUROPE SA                                | Simpar Europe SA                                                                 | CUSIP: BN5372345<br>LEI: 54930068BSUST41D5C30 | Long             | DBT              | CORP              | BR        |    600000 | PA      | $483750.00    | 0.04%             | 2031-01-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AI AQUA MERGER SUB INC                          | AI Aqua Merger Sub Inc                                                           | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |   1550657 | PA      | $1555821.18   | 0.11%             | 2028-07-31      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP                                   | CQP Holdco LP                                                                    | CUSIP: 12657QAE3<br>LEI: 549300LPL012JY5D4B69 | Long             | LON              | CORP              | US        |    356411 | PA      | $358066.76    | 0.03%             | 2030-12-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                                      | Kaman Corp                                                                       | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |    132148 | PA      | $132841.98    | 0.01%             | 2032-02-26      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| PRIMO BRANDS CORP                               | Primo Brands Corp                                                                | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |   1130346 | PA      | $1134872.81   | 0.08%             | 2028-03-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| PROJECT AURORA US FINCO                         | Project Aurora US Finco Inc                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    290000 | PA      | $291812.50    | 0.02%             | 2032-09-30      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                           | Hightower Holding LLC                                                            | CUSIP: 43117LAH6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | LON              | CORP              | US        |   1571208 | PA      | $1576125.70   | 0.12%             | 2028-04-21      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization                  | AASET 2024-2 Ltd                                                                 | CUSIP: 00038QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1376666 | PA      | $1391703.24   | 0.10%             | 2049-09-16      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                           | AAR Escrow Issuer LLC                                                            | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $222601.33    | 0.02%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                             | Resideo Funding Inc                                                              | CUSIP: 76090LAM6<br>LEI: 5493000IFJ6XJKH66598 | Long             | LON              | CORP              | US        |    750000 | PA      | $752812.50    | 0.06%             | 2032-08-13      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                                   | Life Time Inc                                                                    | CUSIP: 50218KAN8<br>LEI: 549300PALKE96VYH4X17 | Long             | LON              | CORP              | US        |    332492 | PA      | $334189.06    | 0.02%             | 2031-11-05      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization                  | AASET 2024-1                                                                     | CUSIP: 00255JAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1629358 | PA      | $1659995.09   | 0.12%             | 2049-05-16      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                              | Advance Auto Parts Inc                                                           | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90421.20     | 0.01%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US                         | ION Platform Finance US Inc                                                      | CUSIP: 46206RAC9<br>LEI: 213800FKHT3BRRKMCC89 | Long             | LON              | CORP              | US        |    146578 | PA      | $137992.72    | 0.01%             | 2032-09-30      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S                                      | Genmab A/S                                                                       | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | LON              | CORP              | DK        |    375000 | PA      | $377227.50    | 0.03%             | 2032-12-13      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                         | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96396.20     | 0.01%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                      | Apidos Clo LIV                                                                   | CUSIP: 03771RAA9<br>LEI: 254900SXYQWBYZA9L226 | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $3010934.40   | 0.22%             | 2038-10-20      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| PYE-BARKER FIRE & SAFETY                        | Pye-Barker Fire & Safety LLC                                                     | CUSIP: 69380SAB9<br>LEI: 254900K8RDMGUBC44870 | Long             | LON              | CORP              | US        |    374100 | PA      | $376866.47    | 0.03%             | 2032-12-16      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                           | Guatemala Government Bond                                                        | CUSIP: EJ5486794<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $201433.00    | 0.01%             | 2028-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                  | BBCMS Mortgage Trust 2025-5C36                                                   | CUSIP: 05556CAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  21359418 | PA      | $929615.25    | 0.07%             | 2058-08-15      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA                             | Banco Davivienda SA                                                              | CUSIP: 059501AD8<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |    400000 | PA      | $379929.40    | 0.03%             | 2031-04-22      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| INTERCORP FIN SER INC                           | Intercorp Financial Services Inc                                                 | CUSIP: AP5716067<br>LEI: 5299004181WFTEWB1398 | Long             | DBT              | CORP              | PE        |    800000 | PA      | $798509.90    | 0.06%             | 2027-10-19      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ADANIREN KODSOPAR WARSOM                        | Adani Renewable Energy RJ Ltd/Kodangal Solar Parks Pvt Ltd/Wardha Solar Maharash | CUSIP: ZR9553994<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    410625 | PA      | $349757.03    | 0.03%             | 2039-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Bank                                            | BANK 2018-BNK11                                                                  | CUSIP: 06540TAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  56773172 | PA      | $513093.22    | 0.04%             | 2061-03-15      | Variable      | 0.44%                 | No            |                  2 | On Loan: No      |
| CASTLE US HOLDING CORP                          | Castle US Holding Corp                                                           | CUSIP: 14852LAB9<br>LEI: 254900VXLMLPIE9ID612 | Long             | DBT              | CORP              | US        |     36000 | PA      | $5940.00      | 0.00%             | 2031-06-30      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza                  | Castlelake Aircraft Structured Trust 2025-1                                      | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1869278 | PA      | $1900785.05   | 0.14%             | 2050-02-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Cathedral Lake LTD                              | Cathedral Lake VIII Ltd                                                          | CUSIP: 14919GAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3500000 | PA      | $3513101.20   | 0.26%             | 2035-01-20      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Dividend Solar Loans LLC                        | Dividend Solar Loans 2018-1 LLC                                                  | CUSIP: 255396AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    772396 | PA      | $730222.08    | 0.05%             | 2038-07-20      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB                         | Dornoch Debt Merger Sub Inc                                                      | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $104037.95    | 0.01%             | 2029-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Empower CLO Ltd.                                | Empower CLO 2023-2 Ltd                                                           | CUSIP: 29247BAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $3009374.70   | 0.22%             | 2038-10-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                            | FREMF 2017-KF30 Mortgage Trust                                                   | CUSIP: 30296EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700066 | PA      | $696093.68    | 0.05%             | 2027-03-25      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                            | FS Rialto 2025-FL10 Issuer LLC                                                   | CUSIP: 30340KAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2050000 | PA      | $2025352.85   | 0.15%             | 2042-08-19      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                           | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126412.78    | 0.01%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                          | Froneri Lux FinCo SARL                                                           | CUSIP: 35901MAA5<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $304357.25    | 0.02%             | 2032-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GCAT                                            | GCAT 2019-NQM3 Trust                                                             | CUSIP: 36167VAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $449897.55    | 0.03%             | 2059-11-25      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38381LVJ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  10394355 | PA      | $814070.32    | 0.06%             | 2065-12-16      | Variable      | 1.08%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                 | Madison IAQ LLC                                                                  | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    550000 | PA      | $547098.64    | 0.04%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                               | Magnetite XXIII Ltd                                                              | CUSIP: 55954NAQ2<br>LEI: 549300WG00K34O9YA435 | Long             | ABS-CBDO         | CORP              | US        |   1750000 | PA      | $1754938.15   | 0.13%             | 2035-01-25      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                          | Match Group Holdings II LLC                                                      | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210522.88    | 0.02%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                              | Mattamy Group Corp                                                               | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    245000 | PA      | $238754.85    | 0.02%             | 2030-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                           | McGraw-Hill Education Inc                                                        | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47511.99     | 0.00%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio                      | MSILF Government Portfolio                                                       | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |  18623688 | NS      | $18623688.32  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NCL CORPORATION LTD                             | NCL Corp Ltd                                                                     | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90004.40     | 0.01%             | 2033-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                            | Neptune Bidco US Inc                                                             | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    215000 | PA      | $220570.87    | 0.02%             | 2031-05-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| New Century Home Equity Loan T                  | New Century Home Equity Loan Trust 2006-1                                        | CUSIP: 64352VQR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    696317 | PA      | $695840.40    | 0.05%             | 2036-05-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                             | Station Casinos LLC                                                              | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    330000 | PA      | $339313.59    | 0.03%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TBW Mortgage Backed Pass Throu                  | TBW Mortgage-Backed Trust Series 2006-3                                          | CUSIP: 87804AAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13415064 | PA      | $550043.11    | 0.04%             | 2036-07-25      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                           | Tenet Healthcare Corp                                                            | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55789.58     | 0.00%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                   | TransDigm Inc                                                                    | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    215000 | PA      | $225110.74    | 0.02%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes                           | Tricon American Homes 2019-SFR1 Trust                                            | CUSIP: 89612LAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4981689.50   | 0.37%             | 2038-03-17      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                   | UBS Commercial Mortgage Trust 2018-C8                                            | CUSIP: 90276VAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12360177 | PA      | $174915.04    | 0.01%             | 2051-02-15      | Variable      | 0.81%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                             | United Airlines Inc                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224182.71    | 0.02%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                        | United Natural Foods Inc                                                         | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1186773.20   | 0.09%             | 2028-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                         | United Rentals North America Inc                                                 | CUSIP: 911365BS2<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    215000 | PA      | $214977.87    | 0.02%             | 2033-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                         | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $118300.92    | 0.01%             | 2032-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Upland CLO Ltd                                  | Upland CLO Ltd                                                                   | CUSIP: 915328BA5<br>LEI: 54930052JF7HYEE5CO91 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500327.75    | 0.04%             | 2031-04-20      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Willis Engine Securitization T                  | Willis Engine Structured Trust IX                                                | CUSIP: 970910AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2510595.00   | 0.19%             | 2050-12-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ADANI INTERNATIONAL CONT                        | Adani International Container Terminal Pvt Ltd                                   | CUSIP: BN0450864<br>LEI: 335800J4SLERP6S94P28 | Long             | DBT              | CORP              | IN        |    979200 | PA      | $902867.60    | 0.07%             | 2031-02-16      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TIERRA MOJADA LUX II SRL                        | Tierra Mojada Luxembourg II Sarl                                                 | CUSIP: BM6311658<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | MX        |    759077 | PA      | $747129.23    | 0.06%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UNIGEL LUXEMBOURG SA                            | Unigel Luxembourg SA                                                             | CUSIP: YR0526610<br>LEI: 213800Y16R77O7LH7X62 | Long             | DBT              | CORP              | BR        |    222252 | PA      | $15557.64     | 0.00%             | 2028-12-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| EAGLE PARENT CORP                               | Eagle Parent Corp                                                                | CUSIP: 26972CAC6<br>LEI: 5493007MVERDD2NKNE42 | Long             | LON              | CORP              | US        |    726726 | PA      | $729578.49    | 0.05%             | 2029-04-02      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| EAGLE PARENT CORP                               | Eagle Parent Corp                                                                | CUSIP: 26972CAC6<br>LEI: 5493007MVERDD2NKNE42 | Long             | LON              | CORP              | US        |     70270 | PA      | $70545.33     | 0.01%             | 2029-04-02      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                        | Univision Communications Inc                                                     | CUSIP: 914908BD9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |    706227 | PA      | $708346.04    | 0.05%             | 2029-06-25      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                            | Alpha Generation LLC                                                             | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |    848664 | PA      | $852419.16    | 0.06%             | 2031-09-30      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                        | Trident TPI Holdings Inc                                                         | CUSIP: 00216EAL3<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |    588826 | PA      | $567045.41    | 0.04%             | 2028-09-18      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| DYNASTY ACQUISITION CO I                        | Dynasty Acquisition Co Inc                                                       | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    280414 | PA      | $281785.57    | 0.02%             | 2031-10-31      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                           | Ellucian Holdings Inc                                                            | CUSIP: 28917XAE0<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |     30000 | PA      | $30318.75     | 0.00%             | 2032-11-22      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                     | McAfee Corp                                                                      | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    618614 | PA      | $572920.07    | 0.04%             | 2029-03-01      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| NATGASOLINE                                     | Natgasoline LLC                                                                  | CUSIP: 63232EAD9<br>LEI: 549300OHXDYMQYZOWC24 | Long             | LON              | CORP              | US        |    301529 | PA      | $304669.52    | 0.02%             | 2030-03-29      | Floating      | 9.22%                 | No            |                  2 | On Loan: No      |
| WHITEWATER MATTERHORN HO                        | WhiteWater Matterhorn Holdings LLC                                               | CUSIP: N/A<br>LEI: 2138009J7G187M6C4Q91       | Long             | LON              | CORP              | US        |    160000 | PA      | $160832.80    | 0.01%             | 2032-06-16      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| FRONERI US INC                                  | Froneri US Inc                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    305587 | PA      | $306013.19    | 0.02%             | 2032-09-30      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| STONEPEAK BAYOU HOLDINGS                        | Stonepeak Bayou Holdings LP                                                      | CUSIP: 86185AAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    335000 | PA      | $304012.50    | 0.02%             | 2032-10-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                        | Allison Transmission Inc                                                         | CUSIP: 01973KAJ5<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | LON              | CORP              | US        |    690000 | PA      | $694457.40    | 0.05%             | 2033-01-03      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| AGROSUPER SA                                    | Agrosuper SA                                                                     | CUSIP: BT5013623<br>LEI: 5493006KNWOGYPTZZ371 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $192323.00    | 0.01%             | 2032-01-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                        | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: AZ2756130<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $206876.60    | 0.02%             | 2029-06-27      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| GNL QUINTERO SA                                 | GNL Quintero SA                                                                  | CUSIP: EK4069044<br>LEI: 549300JJJIQXE6E1QY27 | Long             | DBT              | CORP              | CL        |    235400 | PA      | $235658.42    | 0.02%             | 2029-07-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                           | Freeport Indonesia PT                                                            | CUSIP: BV7716632<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |    900000 | PA      | $906044.40    | 0.07%             | 2027-04-14      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                         | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    135000 | PA      | $137555.36    | 0.01%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                  | BBCMS Mortgage Trust 2025-5C37                                                   | CUSIP: 05494NAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  25806747 | PA      | $1718822.26   | 0.13%             | 2058-09-15      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                  | BBCMS Mortgage Trust 2025-5C34                                                   | CUSIP: 07337BAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2688000 | PA      | $2820865.69   | 0.21%             | 2058-05-15      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                      | ROCK Trust 2024-CNTR                                                             | CUSIP: 74970WAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    516000 | PA      | $541607.48    | 0.04%             | 2041-11-13      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/CO-ISS                        | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $109980.07    | 0.01%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers                   | Retained Vantage Data Centers Issuer LLC                                         | CUSIP: 76134KAC8<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1998293.80   | 0.15%             | 2048-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                               | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp                  | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    410000 | PA      | $419432.05    | 0.03%             | 2033-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                  | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $149966.85    | 0.01%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2021-R2                                               | CUSIP: 92538DAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2463333.00   | 0.18%             | 2064-02-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2024-9                                                | CUSIP: 92540RAF1<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2022308.20   | 0.15%             | 2069-11-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| Vibrant CLO Ltd                                 | Vibrant Clo III Ltd                                                              | CUSIP: 92557UAY3<br>LEI: 54930073XIEUISQCY218 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500311.85    | 0.04%             | 2031-10-20      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                | AmWINS Group Inc                                                                 | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |    755547 | PA      | $758572.83    | 0.06%             | 2032-01-30      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| VICTRA HOLDINGS LLC                             | Victra Holdings LLC                                                              | CUSIP: 50226BAN8<br>LEI: 549300KWDYQKQSF0MQ18 | Long             | LON              | CORP              | US        |   1003459 | PA      | $1006123.28   | 0.07%             | 2029-03-29      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| BBVA MEX BANCA GRUPO TX                         | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: ZR4850809<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $399632.37    | 0.03%             | 2034-09-13      | Variable      | 5.88%                 | 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      | $198094.50    | 0.01%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                       | BPR Trust 2021-TY                                                                | CUSIP: 05592AAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1298995.10   | 0.10%             | 2038-09-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                              | BMO 2024-5C6 Mortgage Trust                                                      | CUSIP: 05593QAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1708737.32   | 0.13%             | 2057-09-15      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                              | BSPRT 2023-FL10 Issuer Ltd                                                       | CUSIP: 05610VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    967121 | PA      | $970007.30    | 0.07%             | 2035-09-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust                   | BLP Commercial Mortgage Trust 2024-IND2                                          | CUSIP: 05625AAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    642492 | PA      | $643673.87    | 0.05%             | 2041-03-15      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| Blue Stream Issuer, LLC                         | Blue Stream Issuer LLC                                                           | CUSIP: 09606BAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1018968.80   | 0.08%             | 2054-11-20      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                    | CSMC 2014-USA OA LLC                                                             | CUSIP: 12649AAE9<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   1974822 | PA      | $16796.06     | 0.00%             | 2037-09-15      | Variable      | 0.54%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mor                  | CSFB Mortgage-Backed Pass-Through Certificates Series 2005-10                    | CUSIP: 225470EW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    355721 | PA      | $123207.51    | 0.01%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Crown City CLO                                  | Crown City CLO VI                                                                | CUSIP: 22823EAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $4020445.20   | 0.30%             | 2037-07-15      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                | GWT 2024-WLF2                                                                    | CUSIP: 362414AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    875000 | PA      | $881119.14    | 0.06%             | 2041-05-15      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| GENTING NY LLC/GENNY CAP                        | Genting New York LLC / GENNY Capital Inc                                         | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $205238.86    | 0.02%             | 2029-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                | Great Wolf Trust 2024-WOLF                                                       | CUSIP: 39152MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1450000 | PA      | $1453833.80   | 0.11%             | 2039-03-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                          | Mosaic Solar Loan Trust 2025-1                                                   | CUSIP: 61945HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2101143 | PA      | $2109271.60   | 0.16%             | 2050-08-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                    | SM Energy Co                                                                     | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177065.75    | 0.01%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                        | Service Properties Trust                                                         | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    205000 | PA      | $185505.77    | 0.01%             | 2027-09-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                           | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    180000 | PA      | $193095.18    | 0.01%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| UKG INC                                         | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231478.43    | 0.02%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                   | UBS Commercial Mortgage Trust 2018-C13                                           | CUSIP: 90353KBD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    295000 | PA      | $274309.61    | 0.02%             | 2051-10-15      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                 | United States Treasury Inflation Indexed Bonds                                   | CUSIP: 91282CFR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6594960 | PA      | $6645972.74   | 0.49%             | 2027-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                        | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $200170.00    | 0.01%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ACU PETROLEO LUXEMBOURG                         | Acu Petroleo Luxembourg Sarl                                                     | CUSIP: BT4410523<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |    972614 | PA      | $993727.84    | 0.07%             | 2032-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                           | Six Flags Entertainment Corp                                                     | CUSIP: 15018LAN1<br>LEI: 529900AS2CYWYFHRS781 | Long             | LON              | CORP              | US        |    601749 | PA      | $595854.99    | 0.04%             | 2031-05-01      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| GIP PILOT ACQUISITION PA                        | GIP Pilot Acquisition Partners LP                                                | CUSIP: 31773HAE2<br>LEI: 254900NQOAOPPA12X060 | Long             | LON              | CORP              | US        |    150994 | PA      | $151534.63    | 0.01%             | 2030-10-04      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| SAVOR ACQUISITION INC                           | Savor Acquisition Inc                                                            | CUSIP: 80536AAB8<br>LEI: 25490051R6ZOBEBPQ519 | Long             | LON              | CORP              | US        |    436920 | PA      | $439285.60    | 0.03%             | 2032-02-19      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP                           | AAdvantage Loyalty IP Ltd                                                        | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    537300 | PA      | $540660.81    | 0.04%             | 2032-05-28      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| BRADYPLUS HOLDINGS LLC                          | BradyPlus Holdings LLC                                                           | CUSIP: 10480UAD3<br>LEI: 254900LMURL5G873DV35 | Long             | LON              | CORP              | US        |    315000 | PA      | $312177.60    | 0.02%             | 2032-12-29      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| Credito Real SAB de CV SOFOM ER                 | Credito Real SAB de CV SOFOM ER                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | MX        |    600000 | PA      | $5250.00      | 0.00%             | 2163-05-29      | Variable      | 9.12%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T                  | Alternative Loan Trust 2006-23CB                                                 | CUSIP: 02147RAP5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    527037 | PA      | $149585.29    | 0.01%             | 2036-08-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                | Connecticut Avenue Securities Trust 2024-R01                                     | CUSIP: 20753UAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6200000 | PA      | $6244795.62   | 0.46%             | 2044-01-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                           | Directv Financing LLC                                                            | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $314043.65    | 0.02%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Eldridge CLO Ltd                                | Eldridge CLO 2025-1 Ltd                                                          | CUSIP: 284913AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $501620.00    | 0.04%             | 2038-10-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| ExteNet Systems                                 | ExteNet Issuer LLC                                                               | CUSIP: 30227XAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1553962.35   | 0.11%             | 2054-07-25      | Fixed         | 9.05%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                            | FS Rialto 2021-FL3                                                               | CUSIP: 30323CAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2100000 | PA      | $2107753.20   | 0.16%             | 2036-11-16      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                  | CUSIP: 3140XPS42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1850330 | PA      | $1942323.46   | 0.14%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| firstkey homes 2020-sfr1 trust                  | FirstKey Homes 2021-SFR1 Trust                                                   | CUSIP: 33767WAN3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6452000 | PA      | $6368246.59   | 0.47%             | 2038-08-17      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                            | Michaels Cos Inc/The                                                             | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    115000 | PA      | $110688.96    | 0.01%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                  | PRPM 2025-NQM4 Trust                                                             | CUSIP: 69392VAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2003094.00   | 0.15%             | 2070-07-25      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                               | Post Holdings Inc                                                                | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    185000 | PA      | $187031.29    | 0.01%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                 | United States Treasury Note/Bond                                                 | CUSIP: 91282CBW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14180000 | PA      | $14051140.81  | 1.04%             | 2026-04-30      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2015-NXS2                                  | CUSIP: 94989MAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350248 | PA      | $3.50         | 0.00%             | 2058-07-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2025-5C7                                   | CUSIP: 95004XAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2627000 | PA      | $2627526.45   | 0.19%             | 2058-12-15      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                              | Wind River 2021-3 CLO Ltd                                                        | CUSIP: 97316DAW6<br>LEI: 254900AGKLJSTAXGRN27 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1001782.80   | 0.07%             | 2038-04-20      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                                | WULF Compute LLC                                                                 | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $144341.18    | 0.01%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| YINSON BERGENIA PRODUCTI                        | Yinson Bergenia Production BV                                                    | CUSIP: 98585VAA6<br>LEI: 549300JDIAWKPMZD5256 | Long             | DBT              | CORP              | BR        |    300000 | PA      | $314887.46    | 0.02%             | 2045-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                 | Madison IAQ LLC                                                                  | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    552900 | PA      | $556195.75    | 0.04%             | 2028-06-21      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| X CORP                                          | X Corp                                                                           | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2188000 | PA      | $2154403.26   | 0.16%             | 2029-10-29      | Floating      | 10.45%                | No            |                  2 | On Loan: No      |
| COTIVITI INC                                    | Cotiviti Inc                                                                     | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   1028798 | PA      | $991077.59    | 0.07%             | 2031-05-01      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                            | Cornerstone Building Brands Inc                                                  | CUSIP: 72431HAE0<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |     49500 | PA      | $35351.17     | 0.00%             | 2031-05-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| Pretzel Parent, Inc.                            | Pretzel Parent, Inc., Senior Secured First Lien Term Loan                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    564300 | PA      | $558657.00    | 0.04%             | 2031-10-01      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| MH SUB I LLC                                    | MH Sub I LLC                                                                     | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   1004056 | PA      | $863960.26    | 0.06%             | 2031-12-31      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| PREGIS TOPCO LLC                                | Pregis TopCo LLC                                                                 | CUSIP: 74045BAG2<br>LEI: 549300LJXHJYHS1GM034 | Long             | LON              | CORP              | US        |    458829 | PA      | $463212.92    | 0.03%             | 2029-02-01      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| FRONERI US INC                                  | Froneri US Inc                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    411738 | PA      | $412312.53    | 0.03%             | 2032-09-30      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                 | Madison IAQ LLC                                                                  | CUSIP: 55759VAE8<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    338971 | PA      | $341531.54    | 0.03%             | 2032-05-06      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| EMPRESA ELECTRICA ANGAMO                        | Empresa Electrica Angamos SA                                                     | CUSIP: EK6194873<br>LEI: 529900PQ7VWZL30RZ733 | Long             | DBT              | CORP              | CL        |    273600 | PA      | $250814.59    | 0.02%             | 2029-05-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                  | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | US        |    225000 | PA      | $236652.16    | 0.02%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                             | LBM Acquisition LLC                                                              | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     65000 | PA      | $58560.14     | 0.00%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                  | BBCMS Mortgage Trust 2025-5C38                                                   | CUSIP: 05556RAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2610000 | PA      | $2687301.68   | 0.20%             | 2058-11-15      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                        | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971V2D6<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |   1950000 | PA      | $1924307.97   | 0.14%             | 2031-09-30      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                         | BDS 2021-FL10 Ltd                                                                | CUSIP: 07335YAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    540109 | PA      | $541515.61    | 0.04%             | 2036-12-16      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2025-V15 Mortgage Trust                                                | CUSIP: 08164CAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4662737 | PA      | $204799.55    | 0.02%             | 2058-06-15      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities, LLC                    | Business Jet Securities 2024-2 LLC                                               | CUSIP: 12326TAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1429507 | PA      | $1445953.11   | 0.11%             | 2039-09-15      | Fixed         | 7.97%                 | 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        |    495000 | PA      | $473055.91    | 0.03%             | 2030-03-01      | Fixed         | 4.75%                 | 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        |    180000 | PA      | $153220.38    | 0.01%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                          | CACI International Inc                                                           | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103592.87    | 0.01%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                  | CARLYLE US CLO 2021-8 LTD                                                        | CUSIP: 143120AN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5015600.00   | 0.37%             | 2038-10-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BDBU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4831672 | PA      | $774039.66    | 0.06%             | 2050-12-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BDR26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2526077 | PA      | $397855.59    | 0.03%             | 2051-02-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                  | CUSIP: 3140QT3E7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2561293 | PA      | $2672200.02   | 0.20%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                  | CUSIP: 3140QWCK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7987467 | PA      | $8185973.64   | 0.60%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                  | CUSIP: 3140XQBW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2641457 | PA      | $2743688.49   | 0.20%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                 | Fannie Mae Interest Strip                                                        | CUSIP: 31423XMH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5710384 | PA      | $446042.38    | 0.03%             | 2035-08-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                 | Fannie Mae Interest Strip                                                        | CUSIP: 31423YL64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15399462 | PA      | $1507488.77   | 0.11%             | 2042-04-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Kennedy Lewis CLO Ltd                           | Kennedy Lewis CLO 12 Ltd                                                         | CUSIP: 37147VAL1<br>LEI: 549300OPJWALMOKFT505 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2007983.80   | 0.15%             | 2038-07-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382WSF5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4044844 | PA      | $750189.51    | 0.06%             | 2051-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383FKL6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  65033029 | PA      | $43429.06     | 0.00%             | 2051-12-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                         | Gulfport Energy Operating Corp                                                   | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    240000 | PA      | $248143.45    | 0.02%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                        | JP Morgan Mortgage Trust 2005-S3                                                 | CUSIP: 466247ZP1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400293 | PA      | $175075.74    | 0.01%             | 2036-01-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                  | JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP4                    | CUSIP: 46645UAV9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4623771 | PA      | $12329.29     | 0.00%             | 2049-12-15      | Variable      | 0.56%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                         | Light & Wonder International Inc                                                 | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    635000 | PA      | $643171.08    | 0.05%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                        | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    180000 | PA      | $127125.00    | 0.01%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                        | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    265000 | PA      | $257815.83    | 0.02%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                    | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155826.15    | 0.01%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Octagon 75 Ltd                                  | Octagon 75 Ltd                                                                   | CUSIP: 67579EAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10000000 | PA      | $10004045.00  | 0.74%             | 2038-01-22      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                        | Olympus Water US Holding Corp                                                    | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201170.31    | 0.01%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                            | OneMain Finance Corp                                                             | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227728.35    | 0.02%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya AI Debt Trust 2024-1                                                      | CUSIP: 69548AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    394678 | PA      | $395706.77    | 0.03%             | 2031-07-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                            | OneMain Finance Corp                                                             | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    220000 | PA      | $226509.80    | 0.02%             | 2028-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                    | Upstart Securitization Trust 2025-2                                              | CUSIP: 91679EAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2100000 | PA      | $2121760.62   | 0.16%             | 2035-06-20      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERICAS                          | Bausch Health Americas Inc                                                       | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59454.80     | 0.00%             | 2027-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC                  | VCAT 2025-NPL1 LLC                                                               | CUSIP: 921962AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5904794 | PA      | $5930083.43   | 0.44%             | 2055-01-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                           | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    165000 | PA      | $168122.53    | 0.01%             | 2030-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Vital Care Issuer LLC                           | Vital Care Issuer LLC                                                            | CUSIP: 92861WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2022900.00   | 0.15%             | 2056-01-30      | Fixed         | 6.74%                 | No            |                  2 | On Loan: No      |
| WBI OPERATING LLC                               | WBI Operating LLC                                                                | CUSIP: 92944BAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    265000 | PA      | $264138.09    | 0.02%             | 2033-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2015-C27                                   | CUSIP: 94989DBC2<br>LEI: 5493001SKB2HKIF64L70 | Long             | ABS-MBS          | CORP              | US        |     60636 | PA      | $53747.20     | 0.00%             | 2048-02-15      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                  | Whirlpool Corp                                                                   | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    145000 | PA      | $140710.33    | 0.01%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                         | Windstream Services LLC                                                          | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    140000 | PA      | $143634.10    | 0.01%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NEXA RESOURCES SA                               | Nexa Resources SA                                                                | CUSIP: BK0814248<br>LEI: 549300QRMRHM7GAU7L47 | Long             | DBT              | CORP              | PE        |    300000 | PA      | $307568.70    | 0.02%             | 2028-01-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                     | Asurion LLC                                                                      | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    285000 | PA      | $280685.10    | 0.02%             | 2029-01-22      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                              | Bausch + Lomb Corp                                                               | CUSIP: C0787FAF9<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    181300 | PA      | $181753.25    | 0.01%             | 2028-09-29      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                               | Iron Mountain Inc                                                                | CUSIP: 46284NAV1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | LON              | CORP              | US        |   1160447 | PA      | $1161897.77   | 0.09%             | 2031-01-31      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| CAMELOT US ACQUISITION LLC                      | Camelot US Acquisition LLC                                                       | CUSIP: N/A<br>LEI: 549300U6VBJHQP2SFL81       | Long             | LON              | CORP              | US        |    134748 | PA      | $133213.03    | 0.01%             | 2031-01-31      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| WHITE CAP SUPPLY HOLDING                        | White Cap Supply Holdings LLC                                                    | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    945848 | PA      | $950771.12    | 0.07%             | 2029-10-29      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| ONEDIGITAL BORROWER LLC                         | OneDigital Borrower LLC                                                          | CUSIP: 68277FAN9<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |    671500 | PA      | $674031.56    | 0.05%             | 2031-07-02      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Kaman Corporation                               | Kaman Corporation, Senior Secured First Lien Term Loan                           | CUSIP: 48354VAM4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    131828 | PA      | $132520.94    | 0.01%             | 2032-02-26      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                              | Bausch + Lomb Corp                                                               | CUSIP: N/A<br>LEI: 549300NY6OZM39SO6475       | Long             | LON              | CORP              | CA        |   1206975 | PA      | $1221156.96   | 0.09%             | 2031-01-15      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| ASPIRE BAKERIES HOLDING                         | Aspire Bakeries Holdings LLC                                                     | CUSIP: N/A<br>LEI: 549300MWN7R72KAKOD18       | Long             | LON              | CORP              | US        |    392033 | PA      | $394778.73    | 0.03%             | 2030-12-23      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| AVEANNA HEALTHCARE LLC                          | Aveanna Healthcare LLC                                                           | CUSIP: 05549DAN8<br>LEI: 5493006D6JRLPIY8YV18 | Long             | LON              | CORP              | US        |    600000 | PA      | $604536.00    | 0.04%             | 2032-09-17      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| PINNACLE BUYER LLC                              | Pinnacle Buyer LLC                                                               | CUSIP: 72349UAB8<br>LEI: 254900F51XXB8NHJPB58 | Long             | LON              | CORP              | US        |    192903 | PA      | $193868.71    | 0.01%             | 2032-10-01      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| MADISON SAFETY & FLOW                           | Madison Safety & Flow LLC                                                        | CUSIP: 55822DAN1<br>LEI: 5493007D2J7BBIFYBY65 | Long             | LON              | CORP              | US        |    194327 | PA      | $195946.59    | 0.01%             | 2031-09-26      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| WIPRO IT SERVICE                                | Wipro IT Services LLC                                                            | CUSIP: BQ1012856<br>LEI: 549300S6XZZ65F0EJS98 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $197431.60    | 0.01%             | 2026-06-23      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                              | Morocco Government International Bond                                            | CUSIP: ZL3654437<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    200000 | PA      | $206033.34    | 0.02%             | 2028-03-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ACUSHNET CO                                     | Acushnet Co                                                                      | CUSIP: 005095AB0<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |    320000 | PA      | $324395.49    | 0.02%             | 2033-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2019-IMC                                            | CUSIP: 05608BAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $888433.74    | 0.07%             | 2034-04-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| DOCUFORMAS SA                                   | Mexarrend SAPI de CV                                                             | CUSIP: 25615WAB9<br>LEI: 549300HM88E943FM9K17 | Long             | DBT              | CORP              | MX        |    600000 | PA      | $7500.00      | 0.00%             | 2024-07-24      | None          | 10.25%                | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                    | Ecopetrol SA                                                                     | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   1500000 | PA      | $1083172.95   | 0.08%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ELP Commercial Mortgage Trust                   | ELP Commercial Mortgage Trust 2025-ELP                                           | CUSIP: 290154AJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1309166.69   | 0.10%             | 2042-11-13      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac Pool                                                                 | CUSIP: 3132DSWA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3954738 | PA      | $4094139.88   | 0.30%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136ABWA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5067869 | PA      | $4982353.23   | 0.37%             | 2043-02-25      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                  | Fannie Mae-Aces                                                                  | CUSIP: 3136B4TD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  19640924 | PA      | $191049.24    | 0.01%             | 2029-04-25      | Variable      | 0.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BSEF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3001200 | PA      | $3016357.96   | 0.22%             | 2054-06-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BTMZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2089778 | PA      | $2100031.61   | 0.15%             | 2054-11-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BVLD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4578638 | PA      | $4603439.00   | 0.34%             | 2055-04-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137FXFB9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3692907 | PA      | $583610.05    | 0.04%             | 2050-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137HKV68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3353208 | PA      | $3367338.41   | 0.25%             | 2054-09-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137HNTS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7981564 | PA      | $8008493.31   | 0.59%             | 2055-11-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Trust 2018-GS10                                           | CUSIP: 36250SBM0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    553000 | PA      | $47692.77     | 0.00%             | 2033-03-10      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| GSCG Trust                                      | GSCG Trust 2019-600C                                                             | CUSIP: 36260TAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2377000 | PA      | $99908.88     | 0.01%             | 2034-09-06      | Variable      | 3.99%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38381JZ59<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  45957310 | PA      | $2625633.03   | 0.19%             | 2065-10-16      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382KUK7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3049034 | PA      | $499294.82    | 0.04%             | 2050-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382TM43<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5341347 | PA      | $892451.94    | 0.07%             | 2051-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                               | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    155000 | PA      | $163218.63    | 0.01%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                           | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    195000 | PA      | $204843.62    | 0.02%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                           | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $148050.78    | 0.01%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                        | iHeartCommunications Inc                                                         | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62654.80     | 0.00%             | 2029-05-01      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                       | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    195000 | PA      | $204002.79    | 0.02%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Jersey Mike's Funding, LLC                      | Jersey Mike's Funding LLC                                                        | CUSIP: 476681AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1836519 | PA      | $1837638.27   | 0.14%             | 2050-02-15      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                         | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    155000 | PA      | $158368.59    | 0.01%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                             | LCM Loan Income Fund I Income Note Issuer Ltd                                    | CUSIP: 50200JAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1499213.70   | 0.11%             | 2031-07-16      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                             | LBM Acquisition LLC                                                              | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93932.10     | 0.01%             | 2031-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                             | Sound Point CLO XXVI Ltd                                                         | CUSIP: 83614XAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1000785.50   | 0.07%             | 2034-07-20      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| ENVIRI CORP                                     | Enviri Corp                                                                      | CUSIP: 41587CAR9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | LON              | CORP              | US        |    741972 | PA      | $743207.21    | 0.05%             | 2028-03-10      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| EAB GLOBAL INC                                  | EAB Global Inc                                                                   | CUSIP: 26835CAC3<br>LEI: 254900WJRUVZKYEF1M36 | Long             | LON              | CORP              | US        |    307915 | PA      | $274544.65    | 0.02%             | 2030-08-16      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Husky Injection Molding Systems Ltd.            | Husky Injection Molding Systems Ltd., Senior Secured First Lien Term Loan        | CUSIP: C8856UAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    387259 | PA      | $390674.13    | 0.03%             | 2029-02-15      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                            | LifePoint Health Inc                                                             | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    836185 | PA      | $839864.02    | 0.06%             | 2031-05-19      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| FINTHRIVE SOFTWARE INTER                        | FinThrive Software Intermediate Holdings Inc                                     | CUSIP: 31810YAC4<br>LEI: 25490077VXHBSKJ52J14 | Long             | LON              | CORP              | US        |     24353 | PA      | $22045.06     | 0.00%             | 2028-12-18      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| GRANT THORNTON ADVISORS                         | Grant Thornton Advisors LLC                                                      | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |    401341 | PA      | $402596.77    | 0.03%             | 2031-05-30      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                                      | Kaman Corp                                                                       | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |     44090 | PA      | $44321.76     | 0.00%             | 2032-02-26      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| FIRST EAGLE HOLDINGS INC                        | First Eagle Holdings Inc                                                         | CUSIP: 32009UAD9<br>LEI: 549300ZKYR56QRODD510 | Long             | LON              | CORP              | US        |    260521 | PA      | $260503.82    | 0.02%             | 2032-08-16      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| HAMILTON PROJECTS ACQUIR                        | Hamilton Projects Acquiror LLC                                                   | CUSIP: N/A<br>LEI: 5493005K6XILIQ2EZY52       | Long             | LON              | CORP              | US        |    240322 | PA      | $242373.97    | 0.02%             | 2031-05-30      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| FIRST ADVANTAGE HOLDINGS                        | First Advantage Holdings LLC                                                     | CUSIP: 78477MAH4<br>LEI: 549300MRQE5MQEH3BI02 | Long             | LON              | CORP              | US        |    391963 | PA      | $388572.90    | 0.03%             | 2031-10-31      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY MORTGA                        | Starwood Property Mortgage LLC                                                   | CUSIP: 85570DAM4<br>LEI: 5493008SB15CNJRIOK13 | Long             | LON              | CORP              | US        |     97736 | PA      | $97980.33     | 0.01%             | 2030-01-02      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY MORTGA                        | Starwood Property Mortgage LLC                                                   | CUSIP: 85570DAP7<br>LEI: 5493008SB15CNJRIOK13 | Long             | LON              | CORP              | US        |    325000 | PA      | $326218.75    | 0.02%             | 2032-09-24      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                               | Herc Holdings Inc                                                                | CUSIP: 42705FAF3<br>LEI: 549300TP80QLITMSBP82 | Long             | LON              | CORP              | US        |    195000 | PA      | $196259.70    | 0.01%             | 2032-06-02      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| EMPRESAS PUBLIC MEDELLIN                        | Empresas Publicas de Medellin ESP                                                | CUSIP: BK4385310<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |    800000 | PA      | $732459.12    | 0.05%             | 2031-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus                  | CSAIL 2021-C20 Commercial Mortgage Trust                                         | CUSIP: 22945EAW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  31547453 | PA      | $1193632.57   | 0.09%             | 2054-03-15      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137AFBW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    403435 | PA      | $35387.46     | 0.00%             | 2041-09-15      | Floating      | 2.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137HNSE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5330074 | PA      | $5343767.18   | 0.39%             | 2055-11-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC                           | QTS Issuer ABS II LLC                                                            | CUSIP: 74690FAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2917050.30   | 0.21%             | 2055-10-05      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                  | RALI Series 2006-QS12 Trust                                                      | CUSIP: 751151AG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215011 | PA      | $175630.32    | 0.01%             | 2036-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                               | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp                     | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $168497.84    | 0.01%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SWF HOLDINGS I CORP                             | SWF Holdings I Corp                                                              | CUSIP: 78500AAA6<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | DBT              | CORP              | US        |     40000 | PA      | $9600.00      | 0.00%             | 2029-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SEASPAN CORP                                    | Seaspan Corp                                                                     | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | HK        |    320000 | PA      | $304173.58    | 0.02%             | 2029-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                             | Sirius XM Radio LLC                                                              | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    355000 | PA      | $358110.53    | 0.03%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential                   | Starwood Mortgage Residential Trust 2019-INV1                                    | CUSIP: 85572JAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1116000 | PA      | $1070222.46   | 0.08%             | 2049-09-27      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                | Symphony CLO XVI Ltd                                                             | CUSIP: 87165VAR0<br>LEI: 5493004PWOYFPAFQVT02 | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1502397.00   | 0.11%             | 2031-10-15      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                | Symphony CLO 36 Ltd                                                              | CUSIP: 87272HAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1500896.55   | 0.11%             | 2031-01-16      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                        | Transocean International Ltd                                                     | CUSIP: 893814AA1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73439.52     | 0.01%             | 2032-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                   | UBS Commercial Mortgage Trust 2018-C8                                            | CUSIP: 90276VAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1097000 | PA      | $1024198.58   | 0.08%             | 2051-02-15      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                    | Upstart Securitization Trust 2021-3                                              | CUSIP: 91679LAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57107 | PA      | $57004.97     | 0.00%             | 2031-07-20      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                        | United Overseas Bank Ltd                                                         | CUSIP: ZO3818671<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |   1000000 | PA      | $995004.64    | 0.07%             | 2031-03-16      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| UKG INC                                         | UKG Inc                                                                          | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |   1500000 | PA      | $1503307.50   | 0.11%             | 2031-02-10      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                   | TransDigm Inc                                                                    | CUSIP: 89364MCD4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    440550 | PA      | $442812.22    | 0.03%             | 2032-01-20      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                            | Garda World Security Corp                                                        | CUSIP: C4000KAG9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |    893844 | PA      | $898759.92    | 0.07%             | 2029-02-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                           | Quikrete Holdings Inc                                                            | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    776059 | PA      | $779330.12    | 0.06%             | 2032-02-10      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| GFL ES US LLC                                   | GFL ES US LLC                                                                    | CUSIP: 36257SAB8<br>LEI: 254900PGDQWC19PRP053 | Long             | LON              | CORP              | US        |    670000 | PA      | $673685.00    | 0.05%             | 2032-03-03      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| PRIME SECURITY SERVICES BOR                     | Prime Security Services Borrower LLC                                             | CUSIP: 03765VAQ3<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    152147 | PA      | $151947.20    | 0.01%             | 2032-03-08      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| SIGNIA AEROSPACE LLC                            | Signia Aerospace LLC                                                             | CUSIP: 82670NAG1<br>LEI: 254900S9ONE06XB1T251 | Long             | LON              | CORP              | US        |    291384 | PA      | $292820.16    | 0.02%             | 2031-12-11      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| CURIUM BIDCO SARL                               | Curium Bidco Sarl                                                                | CUSIP: N/A<br>LEI: 213800P2VV9KG6N9L140       | Long             | LON              | CORP              | LU        |     19666 | PA      | $19887.60     | 0.00%             | 2031-08-07      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| Cent CLO LP                                     | Columbia Cent CLO 27 Ltd                                                         | CUSIP: 19736RAY7<br>LEI: 549300066YASG4MIU864 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $494502.10    | 0.04%             | 2035-01-25      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                  | JPMBB Commercial Mortgage Securities Trust 2015-C33                              | CUSIP: 46645JAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    470000 | PA      | $450031.35    | 0.03%             | 2048-12-15      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                     | McAfee Corp                                                                      | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |     65000 | PA      | $56754.27     | 0.00%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| 1345 Trust                                      | 1345T 2025-AOA                                                                   | CUSIP: 68271CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1050000 | PA      | $1054844.07   | 0.08%             | 2042-06-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                           | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    720000 | PA      | $752386.44    | 0.06%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                          | Radiology Partners Inc                                                           | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |    240000 | PA      | $251013.00    | 0.02%             | 2032-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ReadyCap Commercial Mortgage T                  | Ready Capital Mortgage Financing 2021-FL7 LLC                                    | CUSIP: 75575WAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1000804.00   | 0.07%             | 2036-11-25      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pas                  | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2006-2 Trust   | CUSIP: 93934FMF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    405499 | PA      | $401941.08    | 0.03%             | 2036-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                     | Wayfair LLC                                                                      | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    120000 | PA      | $125364.60    | 0.01%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC                          | AngloGold Ashanti Holdings PLC                                                   | CUSIP: 03512TAF8<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | ZA        |   1200000 | PA      | $1164705.82   | 0.09%             | 2028-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                        | Weatherford International Ltd                                                    | CUSIP: 947075AW7<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | US        |    315000 | PA      | $322762.23    | 0.02%             | 2033-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MITCHELL INTERNATIONAL                          | Mitchell International Inc                                                       | CUSIP: 60662WAW2<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |    918115 | PA      | $922250.97    | 0.07%             | 2031-06-17      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                      | Apidos Loan Fund 2024-1 Ltd                                                      | CUSIP: 037986AN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5014933.00   | 0.37%             | 2038-10-25      | Floating      | 5.38%                 | 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        |    130000 | PA      | $124751.08    | 0.01%             | 2030-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                  | EFMT 2025-INV3                                                                   | CUSIP: 26847NAE1<br>LEI: 254900C1B6ZW3SK54M36 | Long             | ABS-MBS          | CORP              | US        |   2829000 | PA      | $2881503.98   | 0.21%             | 2070-07-25      | Variable      | 7.48%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38381MAS9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9663438 | PA      | $553871.53    | 0.04%             | 2067-08-16      | Variable      | 0.63%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                    | Acrisure LLC                                                                     | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   2150548 | PA      | $2151559.18   | 0.16%             | 2030-11-06      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| PRIME SECURITY SERVICES BOR                     | Prime Security Services Borrower LLC                                             | CUSIP: 03765VAQ3<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    581011 | PA      | $580246.59    | 0.04%             | 2032-03-08      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                             | Medline Borrower LP                                                              | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    675490 | PA      | $678762.97    | 0.05%             | 2030-10-23      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                           | Guatemala Government Bond                                                        | CUSIP: BJ0501582<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    300000 | PA      | $303900.00    | 0.02%             | 2032-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                           | Guatemala Government Bond                                                        | CUSIP: BY2577850<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    400000 | PA      | $405900.00    | 0.03%             | 2029-08-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                         | Adani Ports & Special Economic Zone Ltd                                          | CUSIP: AZ3417070<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    600000 | PA      | $582629.16    | 0.04%             | 2029-07-03      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382AER2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6631848 | PA      | $23510.56     | 0.00%             | 2049-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382HA34<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12286285 | PA      | $460975.28    | 0.03%             | 2050-08-20      | Floating      | 0.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382MGE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12479802 | PA      | $1811890.08   | 0.13%             | 2050-12-20      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382MN21<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6914590 | PA      | $969131.01    | 0.07%             | 2051-01-20      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383DRS9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  10305290 | PA      | $20670.35     | 0.00%             | 2051-11-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38384GZ78<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3533266 | PA      | $545629.56    | 0.04%             | 2051-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38385F5Z0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12696341 | PA      | $1782571.35   | 0.13%             | 2051-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GRAFTECH FINANCE INC                            | GrafTech Finance Inc                                                             | CUSIP: 384311AC0<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | DBT              | CORP              | US        |     80000 | PA      | $59800.00     | 0.00%             | 2029-12-23      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust                   | MHC Commercial Mortgage Trust 2021-MHC                                           | CUSIP: 55316VAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19411 | PA      | $19423.76     | 0.00%             | 2038-04-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T                  | STWD 2022-FL3 Ltd                                                                | CUSIP: 78485KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    725156 | PA      | $726059.00    | 0.05%             | 2038-11-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                     | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    195000 | PA      | $194110.94    | 0.01%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                         | Starwood Property Trust Inc                                                      | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    155000 | PA      | $159656.51    | 0.01%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STDIO Commercial Mortgage Trus                  | STDIO Commercial Mortgage Trust 2025-RLGH                                        | CUSIP: 85781AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    558000 | PA      | $560086.81    | 0.04%             | 2038-09-15      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                              | Subway Funding LLC                                                               | CUSIP: 864300AL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    990000 | PA      | $985169.89    | 0.07%             | 2054-07-30      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                          | Millicom International Cellular SA                                               | CUSIP: AP0969109<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | GT        |    180000 | PA      | $179780.58    | 0.01%             | 2028-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                          | Millicom International Cellular SA                                               | CUSIP: AX6986878<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | GT        |   1170000 | PA      | $1181551.41   | 0.09%             | 2029-03-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                          | AthenaHealth Group Inc                                                           | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   2113999 | PA      | $2120605.42   | 0.16%             | 2029-02-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| STUBHUB HOLDCO SUB LLC                          | StubHub Holdco Sub LLC                                                           | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |    627532 | PA      | $623217.35    | 0.05%             | 2030-03-15      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| APRO LLC                                        | Apro LLC                                                                         | CUSIP: 03834XAP8<br>LEI: 549300HALLMPVGYAKP14 | Long             | LON              | CORP              | US        |    889238 | PA      | $894795.42    | 0.07%             | 2031-07-09      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP LTD                              | Ardonagh Group Finco Pty Ltd                                                     | CUSIP: N/A<br>LEI: 254900YP2E642AGM4G32       | Long             | LON              | CORP              | AU        |    293863 | PA      | $293802.68    | 0.02%             | 2031-02-18      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| EDELMAN FINANCIAL CENTER                        | Edelman Financial Engines Center LLC/The                                         | CUSIP: 27943UAM8<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |    726089 | PA      | $730757.83    | 0.05%             | 2028-04-07      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HLDGS                         | AMC Entertainment Holdings Inc                                                   | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |     60000 | PA      | $52544.39     | 0.00%             | 2029-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                      | AMSR 2024-SFR1 Trust                                                             | CUSIP: 00179CAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2775000 | PA      | $2700915.27   | 0.20%             | 2041-07-17      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| Ace Securities Corp.                            | ACE Securities Corp Home Equity Loan Trust Series 2007-HE1                       | CUSIP: 00443LAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2452262 | PA      | $1501688.38   | 0.11%             | 2037-01-25      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                          | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $74409.97     | 0.01%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                 | AdaptHealth LLC                                                                  | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $93114.62     | 0.01%             | 2030-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                                 | Allegro CLO V-S Ltd                                                              | CUSIP: 01750RAC4<br>LEI: 2138003E5WTFBR7NV267 | Long             | ABS-CBDO         | CORP              | US        |   1800000 | PA      | $1806480.00   | 0.13%             | 2037-07-24      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                        | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $217263.71    | 0.02%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T                  | Alternative Loan Trust 2007-15CB                                                 | CUSIP: 02151CAR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    270358 | PA      | $156237.53    | 0.01%             | 2037-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                | AmWINS Group Inc                                                                 | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    185000 | PA      | $182085.32    | 0.01%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Arbor Multifamily Mortgage Sec                  | Arbor Multifamily Mortgage Securities Trust 2020-MF1                             | CUSIP: 03881BAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14831269 | PA      | $476816.39    | 0.04%             | 2053-05-15      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                  | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | US        |    130000 | PA      | $137771.92    | 0.01%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2021-21M                                            | CUSIP: 05609CAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    654539 | PA      | $654263.41    | 0.05%             | 2036-10-15      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit                  | Bain Capital Credit CLO 2023-2 Ltd                                               | CUSIP: 05684GAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2509727.00   | 0.18%             | 2038-07-18      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| BANCO INTERNAC DEL PERU                         | Banco Internacional del Peru SAA Interbank                                       | CUSIP: 05968DAG5<br>LEI: 5493001TRCGXJLRLHN14 | Long             | DBT              | CORP              | PE        |    400000 | PA      | $420500.00    | 0.03%             | 2035-04-30      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 2025-5YR17                                                                 | CUSIP: 06211GAZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    288000 | PA      | $288937.70    | 0.02%             | 2058-11-15      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Bank                                            | BANK 2017-BNK5                                                                   | CUSIP: 06541WAY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8525309 | PA      | $93988.97     | 0.01%             | 2060-06-15      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 2024-5YR10                                                                 | CUSIP: 06604AAR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2034000 | PA      | $2023970.75   | 0.15%             | 2057-10-15      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                           | Bausch Health Cos Inc                                                            | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    170000 | PA      | $152277.50    | 0.01%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt                  | Benefit Street Partners CLO 42 Ltd                                               | CUSIP: 08187LAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $502702.15    | 0.04%             | 2038-10-25      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                            | BlueMountain CLO 2016-3 Ltd                                                      | CUSIP: 09628VAU8<br>LEI: 549300EYIDIF4X8MHI21 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1000909.20   | 0.07%             | 2030-11-15      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                        | Builders FirstSource Inc                                                         | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157014.66    | 0.01%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                    | CD 2017-CD3 Mortgage Trust                                                       | CUSIP: 12515GAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7732664 | PA      | $58160.46     | 0.00%             | 2050-02-10      | Variable      | 0.97%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                        | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    205000 | PA      | $205740.07    | 0.02%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan                   | CitiMortgage Alternative Loan Trust Series 2007-A5                               | CUSIP: 12566WAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    484714 | PA      | $439244.11    | 0.03%             | 2037-05-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus                  | CSAIL 2018-CX12 Commercial Mortgage Trust                                        | CUSIP: 12595XAV5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  37819338 | PA      | $437395.77    | 0.03%             | 2051-08-15      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST                              | Century Plaza Towers 2019-CPT                                                    | CUSIP: 12654YAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1190000 | PA      | $997055.78    | 0.07%             | 2039-11-13      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora                  | Chase Mortgage Finance Trust Series 2007-S4                                      | CUSIP: 161629AD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1960951 | PA      | $582170.11    | 0.04%             | 2037-06-25      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                              | Cipher Compute LLC                                                               | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $254933.23    | 0.02%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                   | Citigroup Commercial Mortgage Trust 2016-C1                                      | CUSIP: 17290YAW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4847479 | PA      | $3030.16      | 0.00%             | 2049-05-10      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                             | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $85177.43     | 0.01%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                          | Cloud Software Group Inc                                                         | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109084.50    | 0.01%             | 2033-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                        | Comision Federal de Electricidad                                                 | CUSIP: 200447AP5<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $206110.40    | 0.02%             | 2035-01-24      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE TECH LLC                              | CommScope Technologies LLC                                                       | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64898.44     | 0.00%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US                   | GoldenTree Loan Management US CLO 20 Ltd                                         | CUSIP: 38139MAJ4<br>LEI: 984500CF2B1A04F63R63 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1004880.00   | 0.07%             | 2037-07-20      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| HPS Investment Partners                         | Highbridge Loan Management 2013-2 Ltd                                            | CUSIP: 44330DAL4<br>LEI: 549300BGJH0LJLGIUQ46 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2000107.40   | 0.15%             | 2029-10-20      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Invesco CLO LTD                                 | Invesco CLO 2021-3 Ltd                                                           | CUSIP: 46151VAJ0<br>LEI: 5493000BVI47XOSBML18 | Long             | ABS-CBDO         | CORP              | US        |    850000 | PA      | $854679.76    | 0.06%             | 2034-10-22      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                               | Iron Mountain Inc                                                                | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    195000 | PA      | $200430.95    | 0.01%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                  | JPMBB Commercial Mortgage Securities Trust 2015-C31                              | CUSIP: 46644YAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    153298 | PA      | $1.53         | 0.00%             | 2048-08-15      | Variable      | 0.44%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                        | JP Morgan Mortgage Trust Series 2025-NQM3                                        | CUSIP: 46659QAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1314681.42   | 0.10%             | 2065-11-25      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                  | MF1 2021-FL7 Ltd                                                                 | CUSIP: 55284AAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1487000 | PA      | $1488658.01   | 0.11%             | 2036-10-16      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                  | MF1 2024-FL14 LLC                                                                | CUSIP: 55416AAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1380000 | PA      | $1384780.32   | 0.10%             | 2039-03-19      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Marble Point CLO XXI Ltd.                       | Marble Point CLO XXI Ltd                                                         | CUSIP: 56606KAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3500000 | PA      | $3507148.75   | 0.26%             | 2034-10-17      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| Marble Point CLO XIX Ltd                        | Marble Point CLO XIX Ltd                                                         | CUSIP: 56607KAU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5015287.50   | 0.37%             | 2038-10-19      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                  | Mariner Finance issuance Trust 2024-B                                            | CUSIP: 56847GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2284303.50   | 0.17%             | 2038-11-20      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                            | Matador Resources Co                                                             | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    180000 | PA      | $182666.68    | 0.01%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                           | McGraw-Hill Education Inc                                                        | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120698.76    | 0.01%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                  | MF1 2024-FL15                                                                    | CUSIP: 58003MAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1504944.00   | 0.11%             | 2041-08-18      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| MITER BRAND / MIWD BORR                         | Miter Brands Acquisition Holdco Inc / MIWD Borrower LLC                          | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $225679.41    | 0.02%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                  | Morgan Stanley Capital I Trust 2019-NUGS                                         | CUSIP: 61692AAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2489000 | PA      | $13709.16     | 0.00%             | 2036-12-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Mortgage Loan T                  | Morgan Stanley Mortgage Loan Trust 2005-7                                        | CUSIP: 61748HNW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3930837 | PA      | $2023131.18   | 0.15%             | 2035-11-25      | Variable      | 4.56%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Mortgage Loan T                  | Morgan Stanley Mortgage Loan Trust 2007-8XS                                      | CUSIP: 61754PAA2<br>LEI: 549300NAJR4EOJG3S510 | Long             | ABS-MBS          | CORP              | US        |    399881 | PA      | $192177.06    | 0.01%             | 2037-04-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                       | Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C2                      | CUSIP: 61779RBV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9836000 | PA      | $522517.83    | 0.04%             | 2058-11-15      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                           | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $93473.03     | 0.01%             | 2029-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                  | NRG Energy Inc                                                                   | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70748.65     | 0.01%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO                                      | Opal Bidco SAS                                                                   | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    310000 | PA      | $317724.82    | 0.02%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2021-3 Ltd                                                     | CUSIP: 69688FAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $3010293.00   | 0.22%             | 2038-10-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                              | Wind River 2014-3 CLO Ltd                                                        | CUSIP: 88432DBL7<br>LEI: 254900ZK5ODN8CA7YX85 | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1508312.40   | 0.11%             | 2031-10-22      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                          | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136855.97    | 0.01%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                    | US Foods Inc                                                                     | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    335000 | PA      | $341537.19    | 0.03%             | 2033-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VAMOS EUROPE SA                                 | Vamos Europe SA                                                                  | CUSIP: 92049NAA7<br>LEI: 894500FA5CLVV8HLE261 | Long             | DBT              | CORP              | BR        |    500000 | PA      | $478000.00    | 0.04%             | 2031-01-26      | Fixed         | 9.20%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                           | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    300000 | PA      | $307425.01    | 0.02%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-3                                                | CUSIP: 924928AE4<br>LEI: 213800DYYV3EM7TSTN14 | Long             | ABS-MBS          | CORP              | US        |   7680000 | PA      | $7843453.44   | 0.58%             | 2070-05-25      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2021-7                                                | CUSIP: 92538QAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4089335.00   | 0.30%             | 2066-10-25      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-5                                                | CUSIP: 92540XAE1<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-MBS          | CORP              | US        |   1228000 | PA      | $1246430.07   | 0.09%             | 2070-06-25      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| Vibrant CLO Ltd                                 | Vibrant CLO IV-R Ltd                                                             | CUSIP: 92558RAC7<br>LEI: 25490092S34X2G9JOV44 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2007580.00   | 0.15%             | 2037-10-20      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                            | WR Grace Holdings LLC                                                            | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    200000 | PA      | $191155.14    | 0.01%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO Ltd                         | Warwick Capital CLO 1 Ltd                                                        | CUSIP: 936919AN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5015346.00   | 0.37%             | 2038-10-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| WATCO COS LLC/FINANCE CO                        | Watco Cos LLC / Watco Finance Corp                                               | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $502976.16    | 0.04%             | 2032-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2017-RC1                                   | CUSIP: 95001FBA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1791910 | PA      | $18784.77     | 0.00%             | 2060-01-15      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                          | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    285000 | PA      | $297742.07    | 0.02%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GOLD FIELDS OROGEN HOLD                         | Gold Fields Orogen Holdings BVI Ltd                                              | CUSIP: ZS5391108<br>LEI: 213800CLGJ2E9KGU2F20 | Long             | DBT              | CORP              | ZA        |    700000 | PA      | $736222.51    | 0.05%             | 2029-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA                        | AI Candelaria -spain- SA                                                         | CUSIP: BP4790179<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | CO        |    500000 | PA      | $444072.50    | 0.03%             | 2033-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ZIGGO FINANCING PARTNERS                        | Ziggo Financing Partnership                                                      | CUSIP: N9833RAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     89615 | PA      | $89757.03     | 0.01%             | 2028-04-28      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| ADMI CORP                                       | ADMI Corp                                                                        | CUSIP: 00709LAJ6<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |    604463 | PA      | $574995.55    | 0.04%             | 2027-12-23      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| BROWN GROUP HOLDING LLC                         | Brown Group Holding LLC                                                          | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |     75832 | PA      | $76297.55     | 0.01%             | 2031-07-01      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| INEOS US FINANCE LLC                            | INEOS US Finance LLC                                                             | CUSIP: G4768PAN1<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    271333 | PA      | $220882.67    | 0.02%             | 2030-02-19      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| SEDGWICK CMS INC                                | Sedgwick Claims Management Services Inc                                          | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |    499959 | PA      | $502096.80    | 0.04%             | 2031-07-31      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                            | Veritiv Operating Co                                                             | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |    273219 | PA      | $273575.65    | 0.02%             | 2030-11-29      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| WEC US HOLDINGS INC                             | WEC US Holdings Inc                                                              | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |    459188 | PA      | $460482.41    | 0.03%             | 2031-01-27      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| MOTION FINCO SARL                               | Motion Finco Sarl                                                                | CUSIP: N/A<br>LEI: 2549002L1LBQZKA7UN30       | Long             | LON              | CORP              | LU        |    564465 | PA      | $502024.15    | 0.04%             | 2029-11-30      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| PACIFIC DENTAL SERVICES                         | Pacific Dental Services Inc                                                      | CUSIP: 69417WAC5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    543573 | PA      | $546307.60    | 0.04%             | 2031-03-17      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                        | United Natural Foods Inc                                                         | CUSIP: 91116KAD7<br>LEI: 549300GKGW6WPZ282D40 | Long             | LON              | CORP              | US        |    142139 | PA      | $143347.29    | 0.01%             | 2031-05-01      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                        | Univision Communications Inc                                                     | CUSIP: 914908BG2<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |    230000 | PA      | $229820.60    | 0.02%             | 2029-01-31      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| MITCHELL INTERNATIONAL                          | Mitchell International Inc                                                       | CUSIP: 60662WAZ5<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |    145000 | PA      | $144438.13    | 0.01%             | 2032-06-17      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP LTD                              | Ardonagh Group Finco Pty Ltd                                                     | CUSIP: N/A<br>LEI: 254900YP2E642AGM4G32       | Long             | LON              | CORP              | AU        |     35149 | PA      | $35141.36     | 0.00%             | 2031-02-18      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                             | Lightning Power LLC                                                              | CUSIP: 53229LAB3<br>LEI: 254900BWCHJ03XRL8K59 | Long             | LON              | CORP              | US        |    341550 | PA      | $343741.04    | 0.03%             | 2031-08-18      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| ALLSPRING BUYER LLC                             | Allspring Buyer LLC                                                              | CUSIP: 98922AAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    745255 | PA      | $750191.89    | 0.06%             | 2030-11-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ABG INTERMEDIATE HLDGS 2                        | ABG Intermediate Holdings 2 LLC                                                  | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |     54450 | PA      | $54600.01     | 0.00%             | 2028-12-21      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| HUNTER DOUGLAS INC                              | Hunter Douglas Inc                                                               | CUSIP: N8137FAE0<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |    495547 | PA      | $498909.10    | 0.04%             | 2032-01-20      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ASCEND LEARNING LLC                             | Ascend Learning LLC                                                              | CUSIP: 04349HAN4<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |    187580 | PA      | $188466.81    | 0.01%             | 2028-12-11      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| CNT HOLDINGS I CORP                             | CNT Holdings I Corp                                                              | CUSIP: 12656AAF6<br>LEI: 254900SYIEHMSB69WT08 | Long             | LON              | CORP              | US        |    337330 | PA      | $338507.03    | 0.02%             | 2032-11-08      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                           | Quikrete Holdings Inc                                                            | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |     68954 | PA      | $69230.44     | 0.01%             | 2031-04-14      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| MX HOLDINGS US INC                              | MX Holdings US Inc                                                               | CUSIP: 55404TAF9<br>LEI: 549300RKTIVJWNROR778 | Long             | LON              | CORP              | US        |    159201 | PA      | $160063.87    | 0.01%             | 2032-03-17      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Radiology Partners, Inc.                        | Radiology Partners, Inc., Senior Secured First Lien Term Loan                    | CUSIP: 75041EAN2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    835000 | PA      | $834544.93    | 0.06%             | 2032-06-25      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| CROWN FINANCE US INC                            | Crown Finance US Inc                                                             | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |    969855 | PA      | $958338.09    | 0.07%             | 2031-12-02      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| VICTORY CAPITAL HOLDINGS                        | Victory Capital Holdings Inc                                                     | CUSIP: 92645DAM1<br>LEI: 549300BN5LH2CIPPHS71 | Long             | LON              | CORP              | US        |    170000 | PA      | $171194.25    | 0.01%             | 2032-09-23      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US                         | ION Platform Finance US Inc                                                      | CUSIP: 46206RAC9<br>LEI: 213800FKHT3BRRKMCC89 | Long             | LON              | CORP              | US        |    823422 | PA      | $775194.38    | 0.06%             | 2032-09-30      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| HUSKY HOLDINGS LLC                              | Husky Holdings LLC                                                               | CUSIP: C8856UAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     85000 | PA      | $85749.70     | 0.01%             | 2029-02-15      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV                                 | MV24 Capital BV                                                                  | CUSIP: AZ9204969<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |   1041045 | PA      | $1034049.39   | 0.08%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BANCO INTERNAC DEL PERU                         | Banco Internacional del Peru SAA Interbank                                       | CUSIP: YR0121685<br>LEI: 5493001TRCGXJLRLHN14 | Long             | DBT              | CORP              | PE        |    600000 | PA      | $630750.00    | 0.05%             | 2035-04-30      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| BANCO INDUSTRIAL SA                             | Banco Industrial SA/Guatemala                                                    | CUSIP: BN7034463<br>LEI: 529900GF99QF67JEQU85 | Long             | DBT              | CORP              | GT        |    900000 | PA      | $897840.01    | 0.07%             | 2031-01-29      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| CENCOSUD SA                                     | Cencosud SA                                                                      | CUSIP: AO3440754<br>LEI: 549300NLTGCFV7482429 | Long             | DBT              | CORP              | CL        |    800000 | PA      | $800801.36    | 0.06%             | 2027-07-17      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                 | Cemex SAB de CV                                                                  | CUSIP: BP9277479<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   1800000 | PA      | $1800904.32   | 0.13%             | 2026-06-08      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| COMETA ENERGIA SA                               | Cometa Energia SA de CV                                                          | CUSIP: AS3189436<br>LEI: 5493007L8UH7TYXKI505 | Long             | DBT              | CORP              | MX        |    441000 | PA      | $462803.48    | 0.03%             | 2035-04-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                        | Comision Federal de Electricidad                                                 | CUSIP: BU3620418<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $396495.94    | 0.03%             | 2029-05-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| MEXICO GENERADORA DE ENE                        | Mexico Generadora de Energia S de rl                                             | CUSIP: EJ4659987<br>LEI: 635400GBINBYW1VUAD14 | Long             | DBT              | CORP              | MX        |    571582 | PA      | $581320.08    | 0.04%             | 2032-12-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ADANI TRANS STEP-ONE LTD                        | Adani Transmission Step-One Ltd                                                  | CUSIP: QZ0784251<br>LEI: 335800Z8CGS7O7D72N41 | Long             | DBT              | CORP              | IN        |    500000 | PA      | $496465.65    | 0.04%             | 2026-08-03      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ADANI TRANS STEP-ONE LTD                        | Adani Transmission Step-One Ltd                                                  | CUSIP: ZQ5578609<br>LEI: 335800Z8CGS7O7D72N41 | Long             | DBT              | CORP              | IN        |    532000 | PA      | $480661.52    | 0.04%             | 2036-05-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BANK NEGARA INDONESIA                           | Bank Negara Indonesia Persero Tbk PT                                             | CUSIP: BO7338565<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | DBT              | CORP              | ID        |    400000 | PA      | $397994.64    | 0.03%             | 2026-03-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                         | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    280000 | PA      | $295252.65    | 0.02%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                            | Amentum Holdings Inc                                                             | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    115000 | PA      | $121288.09    | 0.01%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                 | AREIT 2025-CRE11                                                                 | CUSIP: 04002DAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2160000 | PA      | $2165387.04   | 0.16%             | 2043-07-25      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                  | BBCMS Mortgage Trust 2023-C19                                                    | CUSIP: 05553RAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    809000 | PA      | $828175.32    | 0.06%             | 2056-04-15      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                         | BDS 2024-FL13 LLC                                                                | CUSIP: 05555MAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1650000 | PA      | $1653545.85   | 0.12%             | 2039-09-19      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit                  | Bain Capital Credit CLO 2025-1 Ltd                                               | CUSIP: 05686CAJ2<br>LEI: 254900S1SCKP6SJYG009 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $968429.60    | 0.07%             | 2038-04-23      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Alt-A Trust                        | Bear Stearns ALT-A Trust 2006-4                                                  | CUSIP: 073871AR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    611289 | PA      | $447902.37    | 0.03%             | 2036-08-25      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| Blue Stream Issuer, LLC                         | Blue Stream Issuer LLC                                                           | CUSIP: 09606BAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1048585.60   | 0.08%             | 2054-11-20      | Fixed         | 8.71%                 | No            |                  2 | On Loan: No      |
| STARZ CAPITAL HOLDINGS                          | Starz Capital Holdings LLC                                                       | CUSIP: 53627NAE1<br>LEI: 549300MWJHNLR35C0837 | Long             | DBT              | CORP              | US        |     25000 | PA      | $20224.75     | 0.00%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LoanCore 2018-CRE1 Issuer, Ltd                  | LoanCore 2025 2025-CRE8 Issuer LLC                                               | CUSIP: 53947FAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1180000 | PA      | $1173186.68   | 0.09%             | 2042-08-17      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| LoanCore 2021-CRE6 Issuer, Ltd                  | LoanCore 2021-CRE6 Issuer Ltd                                                    | CUSIP: 53948HAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1236500 | PA      | $1238142.07   | 0.09%             | 2038-11-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| LoanCore 2021-CRE6 Issuer, Ltd                  | LoanCore 2021-CRE6 Issuer Ltd                                                    | CUSIP: 53948HAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1440000 | PA      | $1443948.48   | 0.11%             | 2038-11-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| Lodi Park CLO Ltd                               | Lodi Park CLO Ltd                                                                | CUSIP: 540364AL0<br>LEI: 391200GQ88V33AWI7H75 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $501520.50    | 0.04%             | 2037-07-21      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| Luminace ABS-2022 Issuer, LLC                   | Luminace Abs-2024 Issuer LLC                                                     | CUSIP: 55026NAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    708503 | PA      | $709517.18    | 0.05%             | 2031-10-30      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Madison Avenue Trust                            | MAD Commercial Mortgage Trust 2025-11MD                                          | CUSIP: 55616AAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    870000 | PA      | $882976.57    | 0.07%             | 2042-10-15      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                         | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $121957.55    | 0.01%             | 2030-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                             | Sound Point CLO XXXII Ltd                                                        | CUSIP: 83616AAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3375000 | PA      | $3374729.66   | 0.25%             | 2034-10-25      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                         | Starwood Property Trust Inc                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    140000 | PA      | $148029.28    | 0.01%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Structured Asset Securities Co                  | Structured Asset Securities Corp Mortgage Loan Trust 2007-OSI                    | CUSIP: 863619AD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6363983 | PA      | $4294950.26   | 0.32%             | 2037-06-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| BIOCEANICO SOVEREIGN                            | Bioceanico Sovereign Certificate Ltd                                             | CUSIP: ZS5584637<br>LEI: N/A                  | Long             | DBT              | CORP              | PY        |   1218323 | PA      | $999329.17    | 0.07%             | 2034-06-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BALLY'S CORP                                    | Bally's Corp                                                                     | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |    270933 | PA      | $267623.44    | 0.02%             | 2028-10-02      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP LTD                              | Ardonagh Group Finco Pty Ltd                                                     | CUSIP: N/A<br>LEI: 254900YP2E642AGM4G32       | Long             | LON              | CORP              | AU        |    390801 | PA      | $390721.33    | 0.03%             | 2031-02-18      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINANCING PARTNERSH                     | Sunrise Financing Partnership                                                    | CUSIP: N/A<br>LEI: 213800DXWIS9KORQ3X94       | Long             | LON              | CORP              | US        |    605000 | PA      | $607919.13    | 0.04%             | 2032-02-17      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                         | Talen Energy Supply LLC                                                          | CUSIP: 87422LBA7<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |    570000 | PA      | $570803.70    | 0.04%             | 2032-11-26      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Aimco                                           | AIMCO CLO 21 Ltd                                                                 | CUSIP: 00901WAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1008175.70   | 0.07%             | 2037-04-18      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T                  | Alternative Loan Trust Resecuritization 2008-1R                                  | CUSIP: 02152LAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    460694 | PA      | $220472.65    | 0.02%             | 2037-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                         | BDS 2025-FL15 LLC                                                                | CUSIP: 05556EAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2250000 | PA      | $2259711.00   | 0.17%             | 2043-03-19      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                           | Bausch Health Cos Inc                                                            | CUSIP: 071734AR8<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     15000 | PA      | $15242.10     | 0.00%             | 2030-10-15      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                  | BBCMS Mortgage Trust 2025-C32                                                    | CUSIP: 07337AAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13773000 | PA      | $2256204.71   | 0.17%             | 2062-02-15      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2025-V19 Mortgage Trust                                                | CUSIP: 08164DAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    319000 | PA      | $320566.86    | 0.02%             | 2058-01-15      | Variable      | 5.75%                 | 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        |    340000 | PA      | $310991.94    | 0.02%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                        | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     85000 | PA      | $75730.75     | 0.01%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                        | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    140000 | PA      | $124818.46    | 0.01%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                        | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    555000 | PA      | $580840.80    | 0.04%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                   | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    180000 | PA      | $167545.37    | 0.01%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| DBC 2025-DBC Mortgage Trust                     | DBC 2025-DBC Mortgage Trust                                                      | CUSIP: 23306HAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1170000 | PA      | $1178212.82   | 0.09%             | 2042-11-15      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| DCLI BIDCO LLC                                  | Dcli Bidco LLC                                                                   | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |    290000 | PA      | $298326.61    | 0.02%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137H4TL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7528813 | PA      | $1019336.54   | 0.08%             | 2050-05-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137HKRV8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11165980 | PA      | $1387656.63   | 0.10%             | 2041-06-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137HKV76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1266608 | PA      | $1271945.73   | 0.09%             | 2054-09-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                 | Fannie Mae Interest Strip                                                        | CUSIP: 31423YP60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9927533 | PA      | $529555.27    | 0.04%             | 2037-06-25      | Fixed         | 1.50%                 | 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        |    130000 | PA      | $123694.99    | 0.01%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Trust 2018-GS10                                           | CUSIP: 36250SBK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    442000 | PA      | $41600.47     | 0.00%             | 2033-03-10      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Trust 2014-GC24                                           | CUSIP: 36253GAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    457282 | PA      | $4.57         | 0.00%             | 2047-09-10      | Variable      | 0.29%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38381MFR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  20300344 | PA      | $1422853.12   | 0.10%             | 2066-03-16      | Variable      | 0.79%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382HGU8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5649806 | PA      | $751727.56    | 0.06%             | 2050-07-20      | Floating      | 2.30%                 | No            |                  2 | On Loan: No      |
| GRAHAM HOLDINGS CO                              | Graham Holdings Co                                                               | CUSIP: 384637AC8<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | DBT              | CORP              | US        |    485000 | PA      | $490877.23    | 0.04%             | 2033-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu                  | GreenSky Home Improvement Issuer Trust 2025-3                                    | CUSIP: 39571WAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2100000 | PA      | $2104887.54   | 0.16%             | 2060-12-27      | Fixed         | 7.83%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                               | Herc Holdings Inc                                                                | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111534.14    | 0.01%             | 2034-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                    | Hudson Yards 2025-SPRL Mortgage Trust                                            | CUSIP: 44855PAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2180000 | PA      | $2265693.18   | 0.17%             | 2040-01-13      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| INSTALLED BUILDING PRODU                        | Installed Building Products Inc                                                  | CUSIP: 45780RAA9<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |    335000 | PA      | $336466.97    | 0.02%             | 2028-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                  | MF1 2024-FL16                                                                    | CUSIP: 55287EAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2100000 | PA      | $2088097.20   | 0.15%             | 2039-11-18      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Merit                                           | MHP 2021-STOR                                                                    | CUSIP: 55293BAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    670000 | PA      | $669085.85    | 0.05%             | 2038-07-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                        | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $139726.52    | 0.01%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVI                        | Mavis Tire Express Services Topco Corp                                           | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89178.69     | 0.01%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                        | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp                        | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $157494.05    | 0.01%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)                          | Pertamina Persero PT                                                             | CUSIP: 69370RAK3<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |   1200000 | PA      | $1195564.72   | 0.09%             | 2026-02-09      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne                  | PRET 2025-NPL10 LLC                                                              | CUSIP: 69392WAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2700000 | PA      | $2707970.40   | 0.20%             | 2055-10-25      | Variable      | 7.26%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                        | Permian Resources Operating LLC                                                  | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118020.02    | 0.01%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                        | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAC1<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |   1400000 | PA      | $1397749.78   | 0.10%             | 2027-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                        | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $255673.92    | 0.02%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ReadyCap Commercial Mortgage T                  | Ready Capital Mortgage Financing 2023-FL12 LLC                                   | CUSIP: 75575AAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    897499 | PA      | $904244.20    | 0.07%             | 2038-05-25      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                        | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    335000 | PA      | $353951.01    | 0.03%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                  | Sabre GLBL Inc                                                                   | CUSIP: 78573NAN2<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    115000 | PA      | $94654.24     | 0.01%             | 2030-03-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Recei                  | Santander Mortgage Asset Receivable Trust 2025-NQM5                              | CUSIP: 80262CAF5<br>LEI: 254900FHBJ2YHHBOAU80 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2012445.60   | 0.15%             | 2065-08-25      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| SCALELOGIX ABS US ISSUER, LLC                   | Scalelogix Abs Us Issuer LLC                                                     | CUSIP: 80587FAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2514958.25   | 0.19%             | 2055-07-25      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                        | Standard Building Solutions Inc                                                  | CUSIP: 853192AA0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    215000 | PA      | $215762.88    | 0.02%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                          | Switch ABS Issuer LLC                                                            | CUSIP: 871044AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1511932.20   | 0.11%             | 2054-03-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                          | Switch ABS Issuer LLC                                                            | CUSIP: 871044AJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1028402.60   | 0.08%             | 2054-06-25      | Fixed         | 10.03%                | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                         | Talen Energy Supply LLC                                                          | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    135000 | PA      | $137751.83    | 0.01%             | 2034-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                           | Chile Electricity Lux Mpc II Sarl                                                | CUSIP: YQ5257270<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |    291261 | PA      | $303272.92    | 0.02%             | 2035-10-20      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                | CSN Resources SA                                                                 | CUSIP: BU2177212<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | BR        |   1100000 | PA      | $867597.50    | 0.06%             | 2032-04-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BROWN GROUP HOLDING LLC                         | Brown Group Holding LLC                                                          | CUSIP: 11565HAB2<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    480799 | PA      | $483751.28    | 0.04%             | 2031-07-01      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| BROWN GROUP HOLDING LLC                         | Brown Group Holding LLC                                                          | CUSIP: 11565HAB2<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    173405 | PA      | $174469.96    | 0.01%             | 2031-07-01      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                           | Directv Financing LLC                                                            | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    293194 | PA      | $294575.42    | 0.02%             | 2029-08-02      | Floating      | 9.35%                 | No            |                  2 | On Loan: No      |
| CPPIB OVM MEMBER US LLC                         | CPPIB OVM Member US LLC                                                          | CUSIP: 12673CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    237750 | PA      | $239495.91    | 0.02%             | 2031-08-20      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| TAMKO BUILDING PRODUCTS INC                     | Tamko Building Products LLC                                                      | CUSIP: 87510EAD1<br>LEI: 5493003VQCGZ0AORLH30 | Long             | LON              | CORP              | US        |     44368 | PA      | $44719.18     | 0.00%             | 2030-09-20      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| TAMKO BUILDING PRODUCTS INC                     | Tamko Building Products LLC                                                      | CUSIP: 87510EAD1<br>LEI: 5493003VQCGZ0AORLH30 | Long             | LON              | CORP              | US        |     45740 | PA      | $46102.25     | 0.00%             | 2030-09-20      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| TAMKO BUILDING PRODUCTS INC                     | Tamko Building Products LLC                                                      | CUSIP: 87510EAD1<br>LEI: 5493003VQCGZ0AORLH30 | Long             | LON              | CORP              | US        |     45740 | PA      | $46102.25     | 0.00%             | 2030-09-20      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| ALERA GROUP INC                                 | Alera Group Inc                                                                  | CUSIP: 01451PAD8<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |    205000 | PA      | $209612.50    | 0.02%             | 2033-05-31      | Floating      | 9.22%                 | No            |                  2 | On Loan: No      |
| ALTERRA MOUNTAIN COMPANY                        | Alterra Mountain Co                                                              | CUSIP: 46124CAS6<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |    257870 | PA      | $259482.08    | 0.02%             | 2030-05-31      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| SIGNIA AEROSPACE LLC                            | Signia Aerospace LLC                                                             | CUSIP: 82670NAG1<br>LEI: 254900S9ONE06XB1T251 | Long             | LON              | CORP              | US        |     12622 | PA      | $12684.45     | 0.00%             | 2031-12-11      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| SIGNIA AEROSPACE LLC                            | Signia Aerospace LLC                                                             | CUSIP: 82670NAG1<br>LEI: 254900S9ONE06XB1T251 | Long             | LON              | CORP              | US        |      9016 | PA      | $9060.30      | 0.00%             | 2031-12-11      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| CURIUM BIDCO SARL                               | Curium Bidco Sarl                                                                | CUSIP: N/A<br>LEI: 213800P2VV9KG6N9L140       | Long             | LON              | CORP              | LU        |     65385 | PA      | $66120.32     | 0.00%             | 2031-08-07      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| PETSMART INC                                    | PetSmart LLC                                                                     | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |    645000 | PA      | $643187.55    | 0.05%             | 2032-08-18      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                     | Allied Universal Holdco LLC, Senior Secured First Lien Term Loan                 | CUSIP: 01957TAX5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    890000 | PA      | $895700.45    | 0.07%             | 2032-08-20      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| PINNACLE BUYER LLC                              | Pinnacle Buyer LLC                                                               | CUSIP: 72349UAC6<br>LEI: 254900F51XXB8NHJPB58 | Long             | LON              | CORP              | US        |     37097 | PA      | $37282.44     | 0.00%             | 2032-10-01      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV                             | Minejesa Capital BV                                                              | CUSIP: AO6253790<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | ID        |    879582 | PA      | $877038.03    | 0.06%             | 2030-08-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                              | Dominican Republic International Bond                                            | CUSIP: BU6194684<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1350000 | PA      | $1369710.00   | 0.10%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FERMACA ENTERPRISES S RL                        | Fermaca Enterprises S de RL de CV                                                | CUSIP: EK2545086<br>LEI: 549300HYMZDEHWD3X752 | Long             | DBT              | CORP              | MX        |    502957 | PA      | $512513.03    | 0.04%             | 2038-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| INRETAIL CONSUMER                               | InRetail Consumer                                                                | CUSIP: BO5432337<br>LEI: 254900BI1YXHZ31NSP51 | Long             | DBT              | CORP              | PE        |   1100000 | PA      | $1075151.44   | 0.08%             | 2028-03-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                            | Paraguay Government International Bond                                           | CUSIP: AM9786683<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    543000 | PA      | $547615.50    | 0.04%             | 2027-03-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| INVEPAR A-1 EQUITY LINKED NOTE                  | INVEPAR A-1 EQUITY LINKED NOTE                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | BR        |     35079 | PA      | $0.00         | 0.00%             | 2028-12-30      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| BANCOLOMBIA SA                                  | Bancolombia SA                                                                   | CUSIP: 05968LAN2<br>LEI: 54930052NWJRPNMP1W58 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $214605.88    | 0.02%             | 2034-12-24      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 2025-5YR15                                                                 | CUSIP: 065924BG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    760000 | PA      | $669327.21    | 0.05%             | 2058-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                              | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | US        |    230000 | PA      | $240350.00    | 0.02%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate M                  | Bear Stearns ARM Trust 2006-2                                                    | CUSIP: 07388DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    768583 | PA      | $662378.53    | 0.05%             | 2036-07-25      | Variable      | 4.33%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                            | Colombia Government International Bond                                           | CUSIP: 195325DT9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1400000 | PA      | $870100.00    | 0.06%             | 2051-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                   | DISH DBS Corp                                                                    | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $329096.44    | 0.02%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Dividend Solar Loans LLC                        | Dividend Solar Loans 2018-2 LLC                                                  | CUSIP: 255387AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    532527 | PA      | $499323.94    | 0.04%             | 2038-12-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                           | Hightower Holding LLC                                                            | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109681.84    | 0.01%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitizati                  | Residential Asset Securitization Trust 2006-A2                                   | CUSIP: 45661EBX1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    345157 | PA      | $124150.30    | 0.01%             | 2046-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ION PLAT FIN US/SARL                            | ION Platform Finance US Inc / ION Platform Finance SARL                          | CUSIP: 46206AAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $256477.68    | 0.02%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                  | JPMBB Commercial Mortgage Securities Trust 2015-C30                              | CUSIP: 46644UBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    808001 | PA      | $792295.88    | 0.06%             | 2048-07-15      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                  | MF1 2021-FL7 Ltd                                                                 | CUSIP: 55284AAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2658000 | PA      | $2652197.59   | 0.20%             | 2036-10-16      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| MERLIN ENTERTAINMENTS GR                        | Merlin Entertainments Group US Holdings Inc                                      | CUSIP: 59010UAA5<br>LEI: 549300HBQPPKS1187K54 | Long             | DBT              | CORP              | GB        |    335000 | PA      | $298689.72    | 0.02%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investo                  | Merrill Lynch Mortgage Investors Trust Series 2006-AF1                           | CUSIP: 59023RAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    529966 | PA      | $193641.85    | 0.01%             | 2036-08-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                         | NYMT Loan Trust 2025-INV2                                                        | CUSIP: 62957JAJ0<br>LEI: 254900EYRFLK2LMLVT67 | Long             | ABS-MBS          | CORP              | US        |   2354000 | PA      | $2368778.41   | 0.17%             | 2060-10-25      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Se                  | Natixis Commercial Mortgage Securities Trust 2019-10K                            | CUSIP: 63874UAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1310000 | PA      | $1220989.95   | 0.09%             | 2039-05-15      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                            | OneMain Finance Corp                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    155000 | PA      | $163196.31    | 0.01%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                        | PetSmart LLC / PetSmart Finance Corp                                             | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $254722.35    | 0.02%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                        | Primo Water Holdings Inc / Triton Water Holdings Inc                             | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    515000 | PA      | $519407.84    | 0.04%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Residential Funding Mtg Sec I                   | RFMSI Series 2006-S8 Trust                                                       | CUSIP: 74957XAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2217726 | PA      | $1790554.95   | 0.13%             | 2036-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STICHTING ADMINISTRATIEKANTOOR UNIGEL CREDITORS | STICHTING ADMINISTRATIEKANTOOR UNIGEL CREDITORS                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |       261 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Storm King Park CLO, Ltd                        | Storm King Park CLO LTD                                                          | CUSIP: 86217RAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $4016372.40   | 0.30%             | 2037-10-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Structured Adjustable Rate Mor                  | Structured Adjustable Rate Mortgage Loan Trust                                   | CUSIP: 863579G51<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    435373 | PA      | $403767.06    | 0.03%             | 2035-12-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| SUNCOKE ENERGY INC                              | SunCoke Energy Inc                                                               | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |    175000 | PA      | $162656.43    | 0.01%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                          | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $115579.60    | 0.01%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                              | Viking Cruises Ltd                                                               | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | US        |    605000 | PA      | $614651.57    | 0.05%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                        | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $157606.44    | 0.01%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REALPAGE INC                                    | RealPage Inc                                                                     | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |    627713 | PA      | $627954.86    | 0.05%             | 2028-04-24      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| HOMESERVE USA HOLDING                           | HomeServe USA Holding Corp                                                       | CUSIP: 43761EAD0<br>LEI: 254900UCR2BMZVFOR729 | Long             | LON              | CORP              | US        |    182225 | PA      | $182795.36    | 0.01%             | 2030-10-21      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| BCP VI SUMMIT HOLDINGS L                        | BCP VI Summit Holdings LP                                                        | CUSIP: 05614GAC5<br>LEI: 254900LK60A9DK5W5N81 | Long             | LON              | CORP              | US        |    523688 | PA      | $527780.12    | 0.04%             | 2032-01-30      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| TAMKO BUILDING PRODUCTS INC                     | Tamko Building Products LLC                                                      | CUSIP: 87510EAD1<br>LEI: 5493003VQCGZ0AORLH30 | Long             | LON              | CORP              | US        |     45740 | PA      | $46102.25     | 0.00%             | 2030-09-20      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| ZELIS PAYMENTS BUYER INC                        | Zelis Payments Buyer Inc                                                         | CUSIP: 98932TAH6<br>LEI: 549300U8NGLZN5R1Y309 | Long             | LON              | CORP              | US        |    745172 | PA      | $740514.29    | 0.05%             | 2031-11-26      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                           | HUB International Ltd                                                            | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |    797998 | PA      | $803037.58    | 0.06%             | 2030-06-20      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                                      | Kaman Corp                                                                       | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |    159362 | PA      | $160199.20    | 0.01%             | 2032-02-26      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                                      | Kaman Corp                                                                       | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |     60441 | PA      | $60758.12     | 0.00%             | 2032-02-26      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| X CORP                                          | X Corp                                                                           | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    715000 | PA      | $713848.85    | 0.05%             | 2029-10-29      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                  | 1261229 BC Ltd                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |    324188 | PA      | $317462.23    | 0.02%             | 2030-10-08      | Floating      | 9.97%                 | No            |                  2 | On Loan: No      |
| MEADE PIPELINE CO LLC                           | Meade Pipeline Co LLC                                                            | CUSIP: 58307PAB8<br>LEI: 254900UZE9CEDHUYSZ47 | Long             | LON              | CORP              | US        |    495000 | PA      | $498403.13    | 0.04%             | 2032-09-22      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| PYE-BARKER FIRE & SAFETY                        | Pye-Barker Fire & Safety LLC                                                     | CUSIP: 69380SAC7<br>LEI: 254900K8RDMGUBC44870 | Long             | LON              | CORP              | US        |     55900 | PA      | $56313.38     | 0.00%             | 2032-12-16      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| PAR PETROLEUM LLC                               | Par Petroleum LLC                                                                | CUSIP: 69889PAF2<br>LEI: 984500CCF05C2FB39F45 | Long             | LON              | CORP              | US        |     82877 | PA      | $83308.79     | 0.01%             | 2030-02-28      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| BBVA MEX BANCA GRUPO TX                         | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: ZF1238137<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    900000 | PA      | $974239.20    | 0.07%             | 2039-01-08      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| JSW INFRASTRUCTURE                              | JSW Infrastructure Ltd                                                           | CUSIP: BT5111013<br>LEI: 3358003E3YFK92C9WX80 | Long             | DBT              | CORP              | IN        |    400000 | PA      | $401200.22    | 0.03%             | 2029-01-21      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                         | BDS 2022-FL11 LLC                                                                | CUSIP: 054980AE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1600000 | PA      | $1610393.60   | 0.12%             | 2039-03-19      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                  | BBCMS Mortgage Trust 2024-5C29                                                   | CUSIP: 05555PAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1104000 | PA      | $1098561.14   | 0.08%             | 2057-09-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                         | BDS 2025-FL16 LLC                                                                | CUSIP: 05556XAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3040000 | PA      | $3048220.16   | 0.22%             | 2043-07-19      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                              | BSPRT 2023-FL10 Issuer Ltd                                                       | CUSIP: 05610VAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1505286.00   | 0.11%             | 2035-09-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                              | BSPRT 2024-FL11 Issuer LLC                                                       | CUSIP: 05613RAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    785000 | PA      | $785053.38    | 0.06%             | 2039-07-15      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA                             | Banco Davivienda SA                                                              | CUSIP: 059501AG1<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |    600000 | PA      | $629928.00    | 0.05%             | 2035-07-02      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                           | Bausch Health Cos Inc                                                            | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     90000 | PA      | $63413.55     | 0.00%             | 2030-01-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                           | Belron UK Finance PLC                                                            | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    330000 | PA      | $337164.30    | 0.02%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2020-B19 Mortgage Trust                                                | CUSIP: 08162WAZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     51769 | PA      | $51648.71     | 0.00%             | 2053-09-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2020-B22 Mortgage Trust                                                | CUSIP: 08163BBF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5656186 | PA      | $338268.74    | 0.02%             | 2054-01-15      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2022-B32 Mortgage Trust                                                | CUSIP: 08163NBL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  56133441 | PA      | $721920.96    | 0.05%             | 2055-01-15      | Variable      | 0.45%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2025-V15 Mortgage Trust                                                | CUSIP: 08164CAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    220000 | PA      | $223849.74    | 0.02%             | 2058-06-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2025-V16 Mortgage Trust                                                | CUSIP: 08164RAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2622000 | PA      | $2630269.79   | 0.19%             | 2058-08-15      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2024-V9 Mortgage Trust                                                 | CUSIP: 081919AU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1627000 | PA      | $1671578.17   | 0.12%             | 2057-08-15      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2025-V17 Mortgage Trust                                                | CUSIP: 081934AS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  23890000 | PA      | $1472854.34   | 0.11%             | 2058-09-15      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                            | BlueMountain CLO XXIII Ltd                                                       | CUSIP: 09629LAY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2511092.25   | 0.19%             | 2037-07-20      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                  | BRAVO Residential Funding Trust 2025-NQM7                                        | CUSIP: 10570TAE5<br>LEI: 254900I1LYOO3G3UAT10 | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4040809.20   | 0.30%             | 2065-07-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                          | Brazilian Government International Bond                                          | CUSIP: 105756CB4<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    600000 | PA      | $438300.00    | 0.03%             | 2050-01-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2024-AIRC                                           | CUSIP: 12433CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    748956 | PA      | $755950.82    | 0.06%             | 2041-08-15      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                             | COMM 2015-DC1 Mortgage Trust                                                     | CUSIP: 12629NAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    156234 | PA      | $1.56         | 0.00%             | 2048-02-10      | Variable      | 0.57%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                             | COMM 2015-DC1 Mortgage Trust                                                     | CUSIP: 12629NAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1227000 | PA      | $1089907.90   | 0.08%             | 2048-02-10      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| EMBARQ LLC                                      | Embarq LLC                                                                       | CUSIP: 29078EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $22822.80     | 0.00%             | 2036-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BBGH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6223694 | PA      | $761425.36    | 0.06%             | 2050-08-25      | Floating      | 2.16%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BC5Y2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3429821 | PA      | $528315.93    | 0.04%             | 2050-12-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BF7C1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7433831 | PA      | $954961.86    | 0.07%             | 2046-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BGAG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7131008 | PA      | $1038771.01   | 0.08%             | 2051-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                | Getty Images Inc                                                                 | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80721.84     | 0.01%             | 2030-11-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                | Hilton USA Trust 2016-HHV                                                        | CUSIP: 43300LAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    760000 | PA      | $755935.90    | 0.06%             | 2038-11-05      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| INVERSIONES CMPC SA                             | Inversiones CMPC SA                                                              | CUSIP: 46128MAU5<br>LEI: 549300G475ACIABB4385 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $201112.00    | 0.01%             | 2057-12-09      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                        | JP Morgan Mortgage Trust 2007-A2                                                 | CUSIP: 46630PAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    257178 | PA      | $211059.28    | 0.02%             | 2037-04-25      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                  | JP Morgan Chase Commercial Mortgage Securities Trust 2019-ICON UES               | CUSIP: 46651CAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1049000 | PA      | $976492.07    | 0.07%             | 2032-05-05      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley ReRemic Trust                    | Morgan Stanley Resecuritization Trust 2013-R7                                    | CUSIP: 61690PAR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6305605 | PA      | $6086163.78   | 0.45%             | 2046-12-26      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Mortgage Loan T                  | Morgan Stanley Mortgage Loan Trust 2005-7                                        | CUSIP: 61748HNY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     66970 | PA      | $38730.26     | 0.00%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Mortgage Loan T                  | Morgan Stanley Mortgage Loan Trust 2006-2                                        | CUSIP: 61748HVY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    268059 | PA      | $145138.98    | 0.01%             | 2036-02-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                       | Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17                      | CUSIP: 61763UAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1057265 | PA      | $1030674.15   | 0.08%             | 2047-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor                  | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM5                         | CUSIP: 61779BAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2014501.20   | 0.15%             | 2070-07-25      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                  | NRG Energy Inc                                                                   | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    180000 | PA      | $183921.12    | 0.01%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                           | Nabors Industries Inc                                                            | CUSIP: 62957HAR6<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    215000 | PA      | $211454.97    | 0.02%             | 2032-11-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                        | Neuberger Berman Loan Advisers Clo 44 Ltd                                        | CUSIP: 64133VAQ0<br>LEI: 549300HMTDFWN3B2DI35 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1004047.90   | 0.07%             | 2035-10-16      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                   | New Residential Mortgage Loan Trust 2025-NQM5                                    | CUSIP: 64832GAG9<br>LEI: 213800USJ6KQFZEWGZ76 | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1710336.00   | 0.13%             | 2065-08-25      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                 | Nissan Motor Co Ltd                                                              | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    250000 | PA      | $246793.63    | 0.02%             | 2027-09-17      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                        | OBX 2024-NQM18 Trust                                                             | CUSIP: 673913AD1<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-MBS          | CORP              | US        |   1375000 | PA      | $1388895.48   | 0.10%             | 2064-10-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Octagon 73 Ltd                                  | Octagon 73 Ltd                                                                   | CUSIP: 67579HAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $502469.75    | 0.04%             | 2038-10-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 40                  | Octagon Investment Partners 40 Ltd                                               | CUSIP: 67592EAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $439753.80    | 0.03%             | 2035-01-20      | Floating      | 11.15%                | No            |                  2 | On Loan: No      |
| OLIN CORP                                       | Olin Corp                                                                        | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    185000 | PA      | $183837.98    | 0.01%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PFP III                                         | PFP 2024-11 Ltd                                                                  | CUSIP: 69291WAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1095083 | PA      | $1097469.06   | 0.08%             | 2039-09-17      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                  | PRPM 2025-4 LLC                                                                  | CUSIP: 69382KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6475132 | PA      | $6492270.52   | 0.48%             | 2030-06-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                          | Penn Entertainment Inc                                                           | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $69823.33     | 0.01%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                      | Progress Residential 2021-SFR3                                                   | CUSIP: 74333VAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8100000 | PA      | $8046821.07   | 0.59%             | 2026-05-17      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                          | Radiology Partners Inc                                                           | CUSIP: 75041VAC8<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |     89465 | PA      | $86221.89     | 0.01%             | 2030-02-15      | Fixed         | 9.78%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                  | Rocket Cos Inc                                                                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $151361.01    | 0.01%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                  | Sabre GLBL Inc                                                                   | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     84000 | PA      | $71488.43     | 0.01%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| TBW Mortgage Backed Pass Throu                  | TBW Mortgage-Backed Trust Series 2006-3                                          | CUSIP: 87804AAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13414977 | PA      | $913011.25    | 0.07%             | 2036-07-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                 | United States Treasury Inflation Indexed Bonds                                   | CUSIP: 91282CEJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13492557 | PA      | $13250829.21  | 0.98%             | 2027-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| COSAN OVERSEAS LTD                              | Cosan Overseas Ltd                                                               | CUSIP: EI4473803<br>LEI: 222100V5GTJGKUH55655 | Long             | DBT              | CORP              | BR        |    900000 | PA      | $910575.00    | 0.07%             | 2026-02-05      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| PERIAMA HOLDINGS LLC/DE                         | Periama Holdings LLC/DE                                                          | CUSIP: ZO8974420<br>LEI: 254900NINXO00BLT2Z47 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $200609.40    | 0.01%             | 2026-04-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| RUTAS 2 & 7 FINANCE LTD                         | Rutas 2 & 7 Finance Ltd                                                          | CUSIP: ZQ0325196<br>LEI: N/A                  | Long             | DBT              | CORP              | PY        |   1173333 | PA      | $892554.50    | 0.07%             | 2036-09-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                            | Raizen Fuels Finance SA                                                          | CUSIP: YV7792240<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | BR        |    900000 | PA      | $689234.16    | 0.05%             | 2035-01-17      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FORTREA INC                                     | Fortrea Holdings Inc                                                             | CUSIP: 34965PAD8<br>LEI: 5493000FIVFABOVCDU97 | Long             | LON              | CORP              | US        |     15332 | PA      | $14881.62     | 0.00%             | 2030-07-01      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| OVG BUSINESS SERVICES                           | Ovg Business Services LLC                                                        | CUSIP: 62955EAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1120117 | PA      | $1123617.20   | 0.08%             | 2031-06-25      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                     | Asurion LLC                                                                      | CUSIP: 04649VBD1<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    141730 | PA      | $141929.51    | 0.01%             | 2030-09-19      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| CONSTRUCTION PARTNERS IN                        | Construction Partners Inc                                                        | CUSIP: 21043XAH5<br>LEI: 549300MHLFL4E8JLZU44 | Long             | LON              | CORP              | US        |    476400 | PA      | $480568.50    | 0.04%             | 2031-11-03      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| BCP RENAISSANCE PARENT                          | BCP Renaissance Parent LLC                                                       | CUSIP: 05549PAG6<br>LEI: 549300GVXMQFQZDSJR97 | Long             | LON              | CORP              | US        |    262949 | PA      | $264592.91    | 0.02%             | 2028-10-31      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                  | Sabre GLBL Inc                                                                   | CUSIP: 78571YBL3<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     94148 | PA      | $84732.78     | 0.01%             | 2029-11-15      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| FINTHRIVE SOFTWARE INTER                        | FinThrive Software Intermediate Holdings Inc                                     | CUSIP: 31810YAD2<br>LEI: 25490077VXHBSKJ52J14 | Long             | LON              | CORP              | US        |     40895 | PA      | $28263.62     | 0.00%             | 2028-12-18      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE                                       | CommScope LLC                                                                    | CUSIP: N/A<br>LEI: 549300Z6K4JXMFE8QY54       | Long             | LON              | CORP              | US        |         0 | PA      | $0.47         | 0.00%             | 2029-12-17      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                        | iHeartCommunications Inc                                                         | CUSIP: 45174UAJ7<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |    158800 | PA      | $145812.54    | 0.01%             | 2029-05-01      | Floating      | 9.61%                 | No            |                  2 | On Loan: No      |
| FREEPORT LNG INVESTMENTS                        | Freeport LNG Investments LLLP                                                    | CUSIP: 35670CAC2<br>LEI: 549300LR5YVRZH4YPQ33 | Long             | LON              | CORP              | US        |    665709 | PA      | $669246.96    | 0.05%             | 2028-12-21      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| COTIVITI INC                                    | Cotiviti Inc                                                                     | CUSIP: 22164MAF4<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    144638 | PA      | $139214.32    | 0.01%             | 2032-03-29      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| BCPE EMPIRE HOLDINGS INC                        | BCPE Empire Holdings Inc                                                         | CUSIP: 05550HAQ8<br>LEI: 549300O2G0VI2955B626 | Long             | LON              | CORP              | US        |   1084568 | PA      | $1075078.29   | 0.08%             | 2030-12-26      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                                  | Proofpoint Inc                                                                   | CUSIP: 74345HAJ0<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |   1758647 | PA      | $1770614.38   | 0.13%             | 2028-08-31      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                            | Boots Group Finco LP                                                             | CUSIP: 09947PAB7<br>LEI: 254900YVLYOVF1PF1N93 | Long             | LON              | CORP              | US        |    435000 | PA      | $437899.28    | 0.03%             | 2032-08-30      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| NEP GROUP INC                                   | NEP Group Inc                                                                    | CUSIP: 62908HAR6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    317867 | PA      | $292834.93    | 0.02%             | 2031-10-17      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| NUMERICABLE US LLC                              | Numericable US LLC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    780185 | PA      | $780996.73    | 0.06%             | 2031-05-15      | Floating      | 10.86%                | No            |                  2 | On Loan: No      |
| BROWN GROUP HOLDING LLC                         | Brown Group Holding LLC                                                          | CUSIP: N/A<br>LEI: 25490094PF4HHK9QS109       | Long             | LON              | CORP              | US        |     90000 | PA      | $90553.05     | 0.01%             | 2031-07-01      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb 12/25 T/L                         | Bausch & Lomb 12/25 T/L                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    550000 | PA      | $556462.50    | 0.04%             | 2031-01-15      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| BANCO DE BOGOTA SA                              | Banco de Bogota SA                                                               | CUSIP: LW0752441<br>LEI: 549300LYHE7LWSKDZT53 | Long             | DBT              | CORP              | CO        |    800000 | PA      | $804005.60    | 0.06%             | 2026-05-12      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer III                  | Compass Datacenters Issuer III LLC                                               | CUSIP: 20469BAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1516587.60   | 0.11%             | 2050-02-25      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                | Connecticut Avenue Securities Trust 2024-R05                                     | CUSIP: 20754XAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $10044424.00  | 0.74%             | 2044-07-25      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus                  | CSAIL 2021-C20 Commercial Mortgage Trust                                         | CUSIP: 22945EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18269000 | PA      | $1189907.47   | 0.09%             | 2054-03-15      | Variable      | 1.46%                 | No            |                  2 | On Loan: No      |
| DoubleLine Emerging Markets Lo                  | DoubleLine Emerging Markets Local Currency Bond Fund                             | CUSIP: 258620582<br>LEI: 549300TMOIYY7BVD4747 | Long             | EC               | RF                | US        |   7143002 | NS      | $68644245.61  | 5.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden 37 Senior Loan Fund                                                       | CUSIP: 26249MAU1<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $3013128.90   | 0.22%             | 2031-01-15      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac Pool                                                                 | CUSIP: 3132DTTV2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2732597 | PA      | $2808910.22   | 0.21%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136AVRG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6425176 | PA      | $754864.39    | 0.06%             | 2047-03-25      | Floating      | 2.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                  | CUSIP: 3140QUZK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3838918 | PA      | $3956871.50   | 0.29%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                  | CUSIP: 31418ER85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4937056 | PA      | $5026748.70   | 0.37%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                 | Fannie Mae Interest Strip                                                        | CUSIP: 31422M2S4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10033455 | PA      | $1512499.38   | 0.11%             | 2052-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| First American Government Obli                  | First American Government Obligations Fund                                       | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  18623688 | NS      | $18623688.32  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| FLASH COMPUTE LLC                               | Flash Compute LLC                                                                | CUSIP: 33853QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $168642.18    | 0.01%             | 2030-12-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Trust 2013-GC13                                           | CUSIP: 36198EAS4<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |   2200000 | PA      | $2141214.24   | 0.16%             | 2046-07-10      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                   | GS Mortgage-Backed Securities Trust 2025-NQM4                                    | CUSIP: 36272UAD0<br>LEI: 25490076N7JFR2Y3CU63 | Long             | ABS-MBS          | CORP              | US        |   4410000 | PA      | $4430495.92   | 0.33%             | 2065-10-25      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                            | Garda World Security Corp                                                        | CUSIP: 36485MAQ2<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    265000 | PA      | $271325.93    | 0.02%             | 2031-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38384JX58<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2969960 | PA      | $535602.35    | 0.04%             | 2051-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                  | Gray Media Inc                                                                   | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    295000 | PA      | $306364.39    | 0.02%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                  | Gray Media Inc                                                                   | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    145000 | PA      | $148252.18    | 0.01%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                        | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $118872.13    | 0.01%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Loanpal Solar Loan Ltd.                         | Loanpal Solar Loan 2021-1 Ltd                                                    | CUSIP: 53948PAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    861074 | PA      | $551568.89    | 0.04%             | 2048-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LSTAR Commercial Mortgage Trus                  | LSTAR Commercial Mortgage Trust 2017-5                                           | CUSIP: 54910TBA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10924600 | PA      | $61859.45     | 0.00%             | 2050-03-10      | Variable      | 0.87%                 | No            |                  2 | On Loan: No      |
| M/I HOMES INC                                   | M/I Homes Inc                                                                    | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    460000 | PA      | $460970.32    | 0.03%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                              | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $54515.22     | 0.00%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya AI Debt Selection Trust 2021-3                                            | CUSIP: 69546RAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    776130 | PA      | $766548.59    | 0.06%             | 2029-05-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Peace Park CLO, Ltd.                            | Peace Park CLO Ltd                                                               | CUSIP: 70470MAQ8<br>LEI: 549300XHXTUZ93V6SK42 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2005809.40   | 0.15%             | 2038-10-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                              | Mativ Holdings Inc                                                               | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70789.25     | 0.01%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                         | Light & Wonder International Inc                                                 | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    220000 | PA      | $226070.07    | 0.02%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Taubman Centers Commercial Mor                  | TCO Commercial Mortgage Trust 2024-DPM                                           | CUSIP: 87231EAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    680000 | PA      | $682028.17    | 0.05%             | 2039-12-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                              | THL Credit Wind River 2014-2 CLO Ltd                                             | CUSIP: 88390AAZ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $4020571.60   | 0.30%             | 2031-01-15      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                              | THL Credit Wind River 2014-2 CLO Ltd                                             | CUSIP: 88432BAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1794811.40   | 0.13%             | 2031-01-15      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| VT TOPCO INC                                    | VT Topco Inc                                                                     | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |    130000 | PA      | $136388.46    | 0.01%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VASA Trust                                      | VASA Trust 2021-VASA                                                             | CUSIP: 92230AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    755000 | PA      | $745596.48    | 0.05%             | 2039-07-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo                  | Velocity Commercial Capital Loan Trust 2019-2                                    | CUSIP: 92257NAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    997839 | PA      | $842940.89    | 0.06%             | 2049-07-25      | Variable      | 3.99%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                          | Venture Global LNG Inc                                                           | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    155000 | PA      | $157083.76    | 0.01%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                            | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    175000 | PA      | $188381.03    | 0.01%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-2                                                | CUSIP: 92540VAG0<br>LEI: 213800TTP1CNX4WER720 | Long             | ABS-MBS          | CORP              | US        |   1493000 | PA      | $1508809.38   | 0.11%             | 2070-03-25      | Fixed         | 6.97%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2013-1 Ltd                                                              | CUSIP: 92917CAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3900000 | PA      | $3898798.41   | 0.29%             | 2030-10-15      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer                  | WaMu Mortgage Pass-Through Certificates Series 2007-HY6 Trust                    | CUSIP: 92927XAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    601149 | PA      | $527537.90    | 0.04%             | 2037-06-25      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2025-VTT                                   | CUSIP: 94990GAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1790000 | PA      | $1799021.42   | 0.13%             | 2038-03-15      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| XHR LP                                          | XHR LP                                                                           | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |    630000 | PA      | $651001.05    | 0.05%             | 2030-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| EQUATE PETROCHEMICAL CO                         | EQUATE Petrochemical Co KSC                                                      | CUSIP: AL0164361<br>LEI: 635400J73BDO4TTGXD45 | Long             | DBT              | CORP              | KW        |    200000 | PA      | $199746.50    | 0.01%             | 2026-11-03      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ONGC VIDESH VANKORNEFT                          | ONGC Videsh Vankorneft Pte Ltd                                                   | CUSIP: LW9384923<br>LEI: 254900FXH0X0S4UIS503 | Long             | DBT              | CORP              | IN        |   1200000 | PA      | $1196463.71   | 0.09%             | 2026-07-27      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FIN LT                        | Lima Metro Line 2 Finance Ltd                                                    | CUSIP: AZ7194543<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | PE        |    841203 | PA      | $823126.32    | 0.06%             | 2036-04-05      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| EISNER ADVISORY GROUP LL                        | Eisner Advisory Group LLC                                                        | CUSIP: 28259HAG6<br>LEI: 549300TV33NKCG2ZE467 | Long             | LON              | CORP              | US        |    358970 | PA      | $361943.96    | 0.03%             | 2031-02-28      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| CROSBY US ACQUISITION CORP                      | Crosby US Acquisition Corp                                                       | CUSIP: 22739PAP1<br>LEI: 549300V5HSWHDNVOWE35 | Long             | LON              | CORP              | US        |    167282 | PA      | $168223.46    | 0.01%             | 2029-08-16      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE FOODS LLC                          | Golden State Foods LLC                                                           | CUSIP: 38121NAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    373186 | PA      | $375984.85    | 0.03%             | 2031-12-04      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE FOODS LLC                          | Golden State Foods LLC                                                           | CUSIP: 38121NAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    103144 | PA      | $103918.02    | 0.01%             | 2031-12-04      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| FLUTTER FINANCING BV                            | Flutter Financing BV                                                             | CUSIP: N3313EAJ9<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |    403988 | PA      | $404619.74    | 0.03%             | 2032-06-04      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                      | AMSR 2025-SFR1 Trust                                                             | CUSIP: 00182MAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $9374778.00   | 0.69%             | 2042-06-17      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ACADEMY LTD                                     | Academy Ltd                                                                      | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |    425000 | PA      | $426820.02    | 0.03%             | 2027-11-15      | Fixed         | 6.00%                 | 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        |    240000 | PA      | $251564.64    | 0.02%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA                        | AI Candelaria -spain- SA                                                         | CUSIP: 00870WAA4<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | CO        |    500000 | PA      | $444072.50    | 0.03%             | 2033-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                        | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $252824.52    | 0.02%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                          | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    410000 | PA      | $435588.43    | 0.03%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                             | Artera Services LLC                                                              | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |     30000 | PA      | $24932.73     | 0.00%             | 2031-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                        | BXMT 2021-FL4 Ltd                                                                | CUSIP: 05609GAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    908491 | PA      | $907493.75    | 0.07%             | 2038-05-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2025-V16 Mortgage Trust                                                | CUSIP: 08164RAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  29947401 | PA      | $1161524.91   | 0.09%             | 2058-08-15      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2025-V16 Mortgage Trust                                                | CUSIP: 08164RAV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1560495.00   | 0.12%             | 2058-08-15      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                              | BMO 2025-5C13 Mortgage Trust                                                     | CUSIP: 09664JAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  52217000 | PA      | $2669849.99   | 0.20%             | 2058-12-15      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2021-CIP                                            | CUSIP: 12434FAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    904275 | PA      | $903689.62    | 0.07%             | 2038-12-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                          | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $309753.67    | 0.02%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                | CIFC Funding 2019-III Ltd                                                        | CUSIP: 12554VBE5<br>LEI: 254900SVOWCOSOG16T40 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1004125.40   | 0.07%             | 2038-01-16      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                          | Canyon Capital CLO 2012-1 R Ltd                                                  | CUSIP: 13876JAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1000832.30   | 0.07%             | 2030-07-15      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                  | Carlyle US CLO 2024-2 Ltd                                                        | CUSIP: 14318VAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1016359.00   | 0.07%             | 2037-04-25      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Structured                  | Castlelake Aircraft Securitization Trust 2018-1                                  | CUSIP: 14856CAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2468915 | PA      | $2366250.10   | 0.17%             | 2043-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Citicorp Homeowners, Inc.                       | CHI Commercial Mortgage Trust 2025-SFT                                           | CUSIP: 16706GAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    660000 | PA      | $684875.80    | 0.05%             | 2042-04-15      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                   | DISH DBS Corp                                                                    | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $195445.58    | 0.01%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                  | EFMT 2025-INV5                                                                   | CUSIP: 28224UAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1803218.04   | 0.13%             | 2070-12-01      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| FMC GMSR Issuer Trust                           | FMC GMSR Issuer Trust                                                            | CUSIP: 30259RAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $7733897.60   | 0.57%             | 2026-07-25      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                            | FREMF 2016-KF18 Mortgage Trust                                                   | CUSIP: 30294VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    639609 | PA      | $638141.73    | 0.05%             | 2026-05-25      | Floating      | 9.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BPPT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2851666 | PA      | $399221.52    | 0.03%             | 2050-05-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137FWXZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3151783 | PA      | $504619.72    | 0.04%             | 2050-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137HKVA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4044420 | PA      | $4028777.85   | 0.30%             | 2055-04-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137HKVS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3440956 | PA      | $3437164.57   | 0.25%             | 2055-04-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                  | CUSIP: 3140XND43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4223726 | PA      | $4445492.34   | 0.33%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae Pool                                                                  | CUSIP: 3140XPBW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3384256 | PA      | $3388525.70   | 0.25%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                 | Fannie Mae Interest Strip                                                        | CUSIP: 31424UNX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  18434826 | PA      | $990058.92    | 0.07%             | 2037-05-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac Pool                                                                 | CUSIP: 31427MG96<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5164112 | PA      | $5285699.21   | 0.39%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac Pool                                                                 | CUSIP: 3142GRFM7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4116989 | PA      | $4295067.94   | 0.32%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                | GGAM Finance Ltd                                                                 | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | IE        |    220000 | PA      | $228730.92    | 0.02%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GCAT                                            | GCAT 2025-NQM3 Trust                                                             | CUSIP: 36171MAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3502000 | PA      | $3536414.15   | 0.26%             | 2070-05-25      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Corp Trust 2018-TWR                                       | CUSIP: 36251SAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $79887.68     | 0.01%             | 2031-07-15      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Corp Trust 2018-TWR                                       | CUSIP: 36251SAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $70962.68     | 0.01%             | 2031-07-15      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38380RWA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  26199660 | PA      | $1889116.04   | 0.14%             | 2062-12-16      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38381HU41<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  23824524 | PA      | $1614059.06   | 0.12%             | 2064-08-16      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38385DG67<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8645145 | PA      | $1265309.46   | 0.09%             | 2051-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COMPASS POWER GENERATION                        | Compass Power Generation LLC                                                     | CUSIP: 20451VAG8<br>LEI: 5493001FXZ2XUTES8E29 | Long             | LON              | CORP              | US        |    437376 | PA      | $440874.55    | 0.03%             | 2029-04-16      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| FRONERI US INC                                  | Froneri US Inc                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    707675 | PA      | $708662.16    | 0.05%             | 2032-09-30      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                                 | HGI CRE CLO 2021-FL2 Ltd                                                         | CUSIP: 40390JAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1268520 | PA      | $1271962.73   | 0.09%             | 2036-09-17      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| LFS TOPCO LLC                                   | LFS Topco LLC                                                                    | CUSIP: 50203TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $156135.84    | 0.01%             | 2030-07-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LFT CRE 2021-FL1, LLC                           | LMNT CRE 2025-FL3 LLC                                                            | CUSIP: 50208TAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2800000 | PA      | $2806980.40   | 0.21%             | 2043-07-21      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Lehman Mortgage Trust                           | Lehman Mortgage Trust 2006-1                                                     | CUSIP: 52520MEZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    103411 | PA      | $48013.32     | 0.00%             | 2036-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                         | Zayo Group Holdings Inc                                                          | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    595632 | PA      | $566934.46    | 0.04%             | 2030-03-11      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                         | Zayo Group Holdings Inc                                                          | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |      5661 | PA      | $5388.22      | 0.00%             | 2030-03-11      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| OPENLANE INC                                    | OPENLANE Inc                                                                     | CUSIP: 68373AAD5<br>LEI: 5493004HKD20LBSG7D03 | Long             | LON              | CORP              | US        |    570000 | PA      | $571427.85    | 0.04%             | 2032-10-08      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| OPAL US LLC                                     | Opal US LLC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1192012 | PA      | $1200952.59   | 0.09%             | 2032-04-23      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                           | Level 3 Financing Inc                                                            | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    115000 | PA      | $105139.90    | 0.01%             | 2029-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                                   | Life Time Inc                                                                    | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |    335000 | PA      | $343420.56    | 0.03%             | 2031-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIGEL NETHERLANDS HOLD                         | Unigel Netherlands Holding Corp BV                                               | CUSIP: YR0563258<br>LEI: 213800UOXJTQ82DWTJ78 | Long             | DBT              | CORP              | BR        |    262805 | PA      | $8541.16      | 0.00%             | 2044-12-31      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| BANCO GNB SUDAMERIS SA                          | Banco GNB Sudameris SA                                                           | CUSIP: BP0859119<br>LEI: 549300SO7QUETMQD9D84 | Long             | DBT              | CORP              | CO        |    300000 | PA      | $297971.25    | 0.02%             | 2031-04-16      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                             | NCL Corp Ltd                                                                     | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89710.33     | 0.01%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                    | Navient Corp                                                                     | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     85000 | PA      | $89032.49     | 0.01%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                              | Morocco Government International Bond                                            | CUSIP: BM9763137<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    200000 | PA      | $146434.60    | 0.01%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING                         | Oversea-Chinese Banking Corp Ltd                                                 | CUSIP: BX0660676<br>LEI: 5493007O3QFXCPOGWK22 | Long             | DBT              | CORP              | SG        |   1400000 | PA      | $1405915.10   | 0.10%             | 2032-06-15      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trus                  | Residential Mortgage Loan Trust 2020-1                                           | CUSIP: 76119CAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5750000 | PA      | $5522312.65   | 0.41%             | 2060-01-26      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Start Ltd.                                      | Start Ltd/Bermuda                                                                | CUSIP: 85572RAA7<br>LEI: 549300VIQYFIDJQCKZ43 | Long             | ABS-O            | CORP              | US        |    786006 | PA      | $786253.95    | 0.06%             | 2043-05-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| STICHTING ADMINISTRATIEKANTOOR A D R            | STICHTING ADMINISTRATIEKANTOOR A D R                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |       711 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TPG Real Estate Finance                         | TRTX 2022-FL5 Issuer Ltd                                                         | CUSIP: 87277JAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1500816.00   | 0.11%             | 2039-02-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                   | TransDigm Inc                                                                    | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20764.02     | 0.00%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                        | Trident TPI Holdings Inc                                                         | CUSIP: 89616RAC3<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123104.52    | 0.01%             | 2028-12-31      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| UNIGEL LUXEMBOURG SA                            | Unigel Luxembourg SA                                                             | CUSIP: 904752AC6<br>LEI: 213800Y16R77O7LH7X62 | Long             | DBT              | CORP              | BR        |     44227 | PA      | $25430.53     | 0.00%             | 2027-12-31      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| TREASURY BILL                                   | United States Treasury Bill                                                      | CUSIP: 912797RF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  32900000 | PA      | $32316739.92  | 2.38%             | 2026-07-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                 | United States Treasury Inflation Indexed Bonds                                   | CUSIP: 912810PS1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6619778 | PA      | $6673169.62   | 0.49%             | 2027-01-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| VOLTAGRID LLC                                   | VoltaGrid LLC                                                                    | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |    180000 | PA      | $178421.53    | 0.01%             | 2030-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization                  | AASET 2025-1                                                                     | CUSIP: 00258PAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2813474 | PA      | $2849241.19   | 0.21%             | 2050-02-16      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| WALKER & DUNLOP INC                             | Walker & Dunlop Inc                                                              | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $185535.72    | 0.01%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Home Equity Trust                   | Wells Fargo Home Equity Asset-Backed Securities 2007-2 Trust                     | CUSIP: 9497EYAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4534286 | PA      | $3380311.12   | 0.25%             | 2037-04-25      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Alternative Loan T                  | Wells Fargo Alternative Loan 2007-PA5 Trust                                      | CUSIP: 949922AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    192282 | PA      | $165881.50    | 0.01%             | 2037-11-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2025-5C5                                   | CUSIP: 95004MAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  37912959 | PA      | $1987958.43   | 0.15%             | 2058-07-15      | Variable      | 1.31%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                      | Apidos Loan Fund 2024-1 Ltd                                                      | CUSIP: 037986AW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $501954.25    | 0.04%             | 2038-10-25      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                        | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $237365.75    | 0.02%             | 2032-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GUARA NORTE SARL                                | Guara Norte Sarl                                                                 | CUSIP: BN9870989<br>LEI: 549300U2I4L03BBA3485 | Long             | DBT              | CORP              | BR        |    147330 | PA      | $143924.64    | 0.01%             | 2034-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GOGO INTERMEDIATE HOLDIN                        | Gogo Intermediate Holdings LLC                                                   | CUSIP: 38046JAB0<br>LEI: 2549003PQSV921SNHM89 | Long             | LON              | CORP              | US        |    464496 | PA      | $425884.90    | 0.03%             | 2028-04-28      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT L                        | Fertitta Entertainment LLC/NV                                                    | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |    900453 | PA      | $901272.18    | 0.07%             | 2029-01-29      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                           | Quikrete Holdings Inc                                                            | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    574369 | PA      | $577091.47    | 0.04%             | 2029-03-19      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| ECOVYST CATALYST TECHNOL                        | Ecovyst Catalyst Technologies LLC                                                | CUSIP: 27922JAC0<br>LEI: 254900NH3N3I82Z6Q744 | Long             | LON              | CORP              | US        |    513176 | PA      | $514551.63    | 0.04%             | 2031-06-12      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                               | Emrld Borrower LP                                                                | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    415982 | PA      | $417319.38    | 0.03%             | 2031-08-04      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                              | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | GB        |    215000 | PA      | $225551.08    | 0.02%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ARDN 2025-ARCP Mortgage Trust                   | ARDN 2025-ARCP Mortgage Trust                                                    | CUSIP: 039961AJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1060000 | PA      | $1064305.40   | 0.08%             | 2035-06-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| BOXER PARENT CO INC                             | Boxer Parent Co Inc                                                              | CUSIP: 05988HAN7<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |    300533 | PA      | $290503.05    | 0.02%             | 2032-07-30      | Floating      | 9.47%                 | No            |                  2 | On Loan: No      |
| REALPAGE INC                                    | RealPage Inc                                                                     | CUSIP: 75605VAH5<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |    189050 | PA      | $189896.94    | 0.01%             | 2028-04-24      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| WHATABRANDS LLC                                 | Whatabrands LLC                                                                  | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |   1000800 | PA      | $1004568.25   | 0.07%             | 2028-08-03      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| TOWNSQUARE MEDIA INC                            | Townsquare Media Inc                                                             | CUSIP: 89223EAG8<br>LEI: 549300XBA8C68H0DR538 | Long             | LON              | CORP              | US        |    148113 | PA      | $105530.72    | 0.01%             | 2030-02-19      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| BOXER PARENT CO INC                             | Boxer Parent Co Inc                                                              | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   1484644 | PA      | $1482528.00   | 0.11%             | 2031-07-30      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                                      | Kaman Corp                                                                       | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |     53299 | PA      | $53578.78     | 0.00%             | 2032-02-26      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| ALERA GROUP INC                                 | Alera Group Inc                                                                  | CUSIP: 01451PAB2<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |    540000 | PA      | $543210.30    | 0.04%             | 2032-05-28      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| FIRST EAGLE HOLDINGS INC                        | First Eagle Holdings Inc                                                         | CUSIP: 32009UAE7<br>LEI: 549300ZKYR56QRODD510 | Long             | LON              | CORP              | US        |     44479 | PA      | $44476.36     | 0.00%             | 2032-08-16      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                     | Asurion LLC                                                                      | CUSIP: 04649VBE9<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    444475 | PA      | $444857.25    | 0.03%             | 2030-09-19      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| TRUCORDIA INSURANCE HOLD                        | Trucordia Insurance Holdings LLC                                                 | CUSIP: 89783WAB1<br>LEI: 254900KYYP47CV7DMK95 | Long             | LON              | CORP              | US        |    655000 | PA      | $651725.00    | 0.05%             | 2032-06-17      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2021-VIEW                                                               | CUSIP: 05606GAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    510000 | PA      | $509797.84    | 0.04%             | 2036-06-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                              | BMO 2025-5C10 Mortgage Trust                                                     | CUSIP: 05615BAH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1125000 | PA      | $1154673.68   | 0.09%             | 2058-05-15      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                        | Team Health Holdings Inc                                                         | CUSIP: 87817JAH1<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | LON              | CORP              | US        |    478800 | PA      | $481007.27    | 0.04%             | 2028-06-30      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                           | Qnity Electronics Inc                                                            | CUSIP: 74737SAB9<br>LEI: 254900RSUG4J9TFFZX53 | Long             | LON              | CORP              | US        |    755000 | PA      | $759363.90    | 0.06%             | 2032-11-01      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| TKO WORLDWIDE HOLDINGS L                        | TKO Worldwide Holdings LLC                                                       | CUSIP: 90266UAL7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    229425 | PA      | $230731.58    | 0.02%             | 2031-11-21      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| BLACKFIN PIPELINE LLC                           | Blackfin Pipeline LLC                                                            | CUSIP: 09231PAB2<br>LEI: 254900F4BUS186SK8A51 | Long             | LON              | CORP              | US        |    515000 | PA      | $516609.38    | 0.04%             | 2032-09-29      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit                  | Bain Capital Credit CLO 2021-7 Ltd                                               | CUSIP: 05682NAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1255925.63   | 0.09%             | 2035-01-22      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit                  | Bain Capital Credit CLO 2025-3 Ltd                                               | CUSIP: 056914AJ3<br>LEI: 254900F12G9NRZWVR294 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1009417.30   | 0.07%             | 2038-07-23      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                        | Live Nation Entertainment Inc                                                    | CUSIP: 53803HAY6<br>LEI: 5493007B9BM9ZXJINO78 | Long             | LON              | CORP              | US        |    590000 | PA      | $591475.00    | 0.04%             | 2032-10-21      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| FIDEICOMISO PA PACIFICO                         | Fideicomiso PA Pacifico Tres                                                     | CUSIP: JK1075825<br>LEI: 549300HPHEJ3B6YD5H05 | Long             | DBT              | CORP              | CO        |    321800 | PA      | $337890.00    | 0.02%             | 2035-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                           | Guatemala Government Bond                                                        | CUSIP: AN8135104<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    400000 | PA      | $398000.00    | 0.03%             | 2027-06-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                         | Reliance Industries Ltd                                                          | CUSIP: AQ1070327<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |    500000 | PA      | $496071.33    | 0.04%             | 2027-11-30      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                            | BlueMountain CLO 2013-2 Ltd                                                      | CUSIP: 09626YAW0<br>LEI: 549300KGXMRFX2DKIX03 | Long             | ABS-CBDO         | CORP              | US        |   3770000 | PA      | $3774470.84   | 0.28%             | 2030-10-22      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2025-BCAT                                           | CUSIP: 12433HAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1082862 | PA      | $1088295.89   | 0.08%             | 2042-08-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2021-RISE                                                               | CUSIP: 12434EAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    859700 | PA      | $859446.08    | 0.06%             | 2036-11-15      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                             | COMM 2016-DC2 Mortgage Trust                                                     | CUSIP: 12594CBG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    581946 | PA      | $5.82         | 0.00%             | 2049-02-10      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                          | CHL Mortgage Pass-Through Trust 2005-HYB9                                        | CUSIP: 126670JY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     67170 | PA      | $59922.77     | 0.00%             | 2036-02-20      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T                  | Alternative Loan Trust 2005-75CB                                                 | CUSIP: 12668AF83<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    195833 | PA      | $130200.12    | 0.01%             | 2036-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                  | Carlyle US CLO 2023-3 Ltd                                                        | CUSIP: 14318FAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2004850.00   | 0.15%             | 2038-10-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                   | Carnival Corp                                                                    | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308259.29    | 0.02%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2025-ROIC                                                               | CUSIP: 05593VAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1494172 | PA      | $1489713.59   | 0.11%             | 2030-03-15      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                              | BMO 2025-5C13 Mortgage Trust                                                     | CUSIP: 09664JAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    268000 | PA      | $268415.13    | 0.02%             | 2058-12-15      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                        | Builders FirstSource Inc                                                         | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    265000 | PA      | $274323.21    | 0.02%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CAL Funding IV Ltd                              | CAL Funding IV Ltd                                                               | CUSIP: 12807CAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550625 | PA      | $531323.56    | 0.04%             | 2045-09-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CAP SA                                          | CAP SA                                                                           | CUSIP: 13911YAA4<br>LEI: 54930079GPG23NTBB003 | Long             | DBT              | CORP              | CL        |    600000 | PA      | $491054.46    | 0.04%             | 2031-04-27      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                  | Carlyle US CLO 2020-2 Ltd                                                        | CUSIP: 14315GBC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $502644.45    | 0.04%             | 2035-01-25      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                        | Celanese US Holdings LLC                                                         | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130757.25    | 0.01%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                        | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129201.32    | 0.01%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                   | CommScope LLC                                                                    | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     47000 | PA      | $46970.63     | 0.00%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Deutsche Alt-A Securities INC                   | Deutsche Alt-B Securities Mortgage Loan Trust Series 2006-AB4                    | CUSIP: 251513AQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    144547 | PA      | $126788.47    | 0.01%             | 2036-10-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                        | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    215000 | PA      | $225898.05    | 0.02%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II,                  | Compass Datacenters Issuer II LLC                                                | CUSIP: 20469AAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $503766.70    | 0.04%             | 2049-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                         | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    145000 | PA      | $147482.69    | 0.01%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                                 | Goat Holdco LLC                                                                  | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $143900.40    | 0.01%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38381J3G0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  42068436 | PA      | $2597789.00   | 0.19%             | 2065-07-16      | Variable      | 0.80%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitizati                  | Residential Asset Securitization Trust 2005-A15                                  | CUSIP: 45660L4H9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1488663 | PA      | $521639.47    | 0.04%             | 2036-02-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MOVIDA EUROPE SA                                | Movida Europe SA                                                                 | CUSIP: 62459LAC3<br>LEI: 549300YRJE0V6QKU7C86 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $189180.00    | 0.01%             | 2029-04-11      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                           | Nabors Industries Inc                                                            | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157387.50    | 0.01%             | 2030-01-31      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                    | Navient Corp                                                                     | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85240.47     | 0.01%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockland Park CLO Ltd                           | Rockland Park CLO Ltd                                                            | CUSIP: 773663AJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5018407.00   | 0.37%             | 2038-07-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                             | Sound Point CLO XXVII Ltd                                                        | CUSIP: 83611VBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5010034.00   | 0.37%             | 2034-10-25      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                    | Upstart Securitization Trust 2025-3                                              | CUSIP: 91684FAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2650000 | PA      | $2635749.10   | 0.19%             | 2035-09-20      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                            | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    110000 | PA      | $81490.20     | 0.01%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY LLC                        | Cougar JV Subsidiary LLC                                                         | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $118009.21    | 0.01%             | 2032-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo                  | Velocity Commercial Capital Loan Trust 2019-1                                    | CUSIP: 92257CAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    869805 | PA      | $788486.44    | 0.06%             | 2049-03-25      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-9                                                | CUSIP: 92490EAL7<br>LEI: 2138002AFCEWDDRL8N22 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003540.60   | 0.07%             | 2070-10-27      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-8                                                | CUSIP: 924930AJ9<br>LEI: 213800K8E68XJS6Z1D09 | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $400838.24    | 0.03%             | 2070-09-25      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-7                                                | CUSIP: 924931AJ7<br>LEI: 213800OVCAXDOBS94P47 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1004154.40   | 0.07%             | 2070-08-25      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mor                  | CSFB Mortgage-Backed Pass-Through Certificates Series 2005-9                     | CUSIP: 2254586G8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    153797 | PA      | $74285.36     | 0.01%             | 2035-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortg                  | DBJPM 20-C9 Mortgage Trust                                                       | CUSIP: 233063AF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84379 | PA      | $84231.63     | 0.01%             | 2053-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                        | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    115000 | PA      | $121859.43    | 0.01%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                        | Vistra Operations Co LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    135000 | PA      | $142275.18    | 0.01%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DANAOS CORP                                     | Danaos Corp                                                                      | CUSIP: 23585WAC8<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | GR        |    230000 | PA      | $238057.36    | 0.02%             | 2032-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DEALER TIRE LLC/DT ISSR                         | Dealer Tire LLC / DT Issuer LLC                                                  | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $316693.76    | 0.02%             | 2028-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                | Wand NewCo 3 Inc                                                                 | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    120000 | PA      | $127059.60    | 0.01%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2016-NXS6                                  | CUSIP: 95000KBE4<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |   3375001 | PA      | $8637.98      | 0.00%             | 2049-11-15      | Variable      | 1.54%                 | No            |                  2 | On Loan: No      |
| LoanCore 2022-CRE7 Issuer Ltd.                  | LoanCore 2022-CRE7 Issuer Ltd                                                    | CUSIP: 53946PAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2560000 | PA      | $2553292.80   | 0.19%             | 2037-01-17      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                               | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    195000 | PA      | $190684.96    | 0.01%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BPRL INTERNATIONAL SINGA                        | BPRL International Singapore Pte Ltd                                             | CUSIP: AM0189861<br>LEI: 875500AQ853IMLV4TX18 | Long             | DBT              | CORP              | IN        |   1200000 | PA      | $1200858.80   | 0.09%             | 2027-01-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                           | Chile Electricity Lux MPC Sarl                                                   | CUSIP: ZI3801118<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |    447500 | PA      | $470730.18    | 0.03%             | 2033-01-20      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                         | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAK1<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160550.88    | 0.01%             | 2028-09-29      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Novastar Home Equity Loan                       | NovaStar Mortgage Funding Trust Series 2006-3                                    | CUSIP: 66988WAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9160019 | PA      | $4249535.25   | 0.31%             | 2036-10-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                           | Minerva Luxembourg SA                                                            | CUSIP: AQ3244920<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | BR        |    250000 | PA      | $249848.18    | 0.02%             | 2028-01-19      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                   | CoreLogic Inc                                                                    | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |    483906 | PA      | $485004.79    | 0.04%             | 2028-06-02      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                               | Upbound Group Inc                                                                | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88764.15     | 0.01%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SSI ABS Issuer LLC                              | SSI ABS-2025-1 Issuer LLC                                                        | CUSIP: 78475CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    727926 | PA      | $738662.27    | 0.05%             | 2065-07-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                           | Directv Financing LLC                                                            | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     17503 | PA      | $17558.18     | 0.00%             | 2027-08-02      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| BROWN GROUP HOLDING LLC                         | Brown Group Holding LLC                                                          | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |     55393 | PA      | $55732.97     | 0.00%             | 2031-07-01      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| CAMELOT US ACQUISITION LLC                      | Camelot US Acquisition LLC                                                       | CUSIP: N/A<br>LEI: 549300U6VBJHQP2SFL81       | Long             | LON              | CORP              | US        |    581028 | PA      | $574407.41    | 0.04%             | 2031-01-31      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| CENGAGE LEARNING INC                            | Cengage Learning Inc                                                             | CUSIP: 15131YAQ8<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | LON              | CORP              | US        |    340854 | PA      | $342656.92    | 0.03%             | 2031-03-24      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                              | Saavi Energia Sarl                                                               | CUSIP: 78518PAA3<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $217160.00    | 0.02%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SCOTIABANK PERU SA                              | Scotiabank Peru SAA                                                              | CUSIP: 80928HAB9<br>LEI: 5493001E54CPRG5J5Q41 | Long             | DBT              | CORP              | PE        |    200000 | PA      | $207300.00    | 0.02%             | 2035-10-01      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| VT TOPCO INC                                    | VT Topco Inc                                                                     | CUSIP: 91838LAK6<br>LEI: 5493007T812R37X02Y38 | Long             | LON              | CORP              | US        |    322455 | PA      | $318481.99    | 0.02%             | 2030-08-09      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| GBT US III LLC                                  | GBT US III LLC                                                                   | CUSIP: 36154HAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    277900 | PA      | $279193.62    | 0.02%             | 2031-07-28      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                             | Select Medical Corp                                                              | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |    145000 | PA      | $141880.56    | 0.01%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                        | Service Properties Trust                                                         | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103666.80    | 0.01%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                              | Voyager Parent LLC                                                               | CUSIP: 92921HAC9<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    101646 | PA      | $101846.71    | 0.01%             | 2032-07-01      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| CHARIOT BUYER LLC                               | Chariot Buyer LLC                                                                | CUSIP: 15963CAE6<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |    823046 | PA      | $825704.58    | 0.06%             | 2032-09-08      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| SOUTHERN VETERINARY PART                        | Southern Veterinary Partners LLC                                                 | CUSIP: 84410HAQ3<br>LEI: 549300DT78GYJYRK0R74 | Long             | LON              | CORP              | US        |    903212 | PA      | $903135.73    | 0.07%             | 2031-12-04      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| SIGNIA AEROSPACE LLC                            | Signia Aerospace LLC                                                             | CUSIP: 82670NAG1<br>LEI: 254900S9ONE06XB1T251 | Long             | LON              | CORP              | US        |    356136 | PA      | $357891.29    | 0.03%             | 2031-12-11      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                           | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57617.24     | 0.00%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                             | Sound Point CLO XXXII Ltd                                                        | CUSIP: 83616AAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7500000 | PA      | $7504396.50   | 0.55%             | 2034-10-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| STAR LEASING CO LLC                             | Star Leasing Co LLC                                                              | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |     95000 | PA      | $88460.56     | 0.01%             | 2030-02-15      | Fixed         | 7.62%                 | 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        |    135000 | PA      | $129918.91    | 0.01%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                         | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $197087.57    | 0.01%             | 2029-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                            | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    320000 | PA      | $329447.04    | 0.02%             | 2032-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN                          | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $303223.26    | 0.02%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| APS RESECURITIZATION TRUST                      | APS Resecuritization Trust 2015-3                                                | CUSIP: 00191XAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6634559 | PA      | $5908046.31   | 0.44%             | 2046-10-27      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                 | AREIT 2025-CRE10 Ltd                                                             | CUSIP: 00193DAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1690000 | PA      | $1680471.78   | 0.12%             | 2030-01-17      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| arbor multifamily mortgage sec                  | Arbor Multifamily Mortgage Securities Trust 2021-MF3                             | CUSIP: 03882KAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10194000 | PA      | $596412.20    | 0.04%             | 2054-10-15      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| ARIS MINING CORP                                | Aris Mining Corp                                                                 | CUSIP: 04040YAB5<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CO        |    400000 | PA      | $417786.88    | 0.03%             | 2029-10-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                          | Asurion LLC and Asurion Co-Issuer Inc                                            | CUSIP: 045941AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $93431.38     | 0.01%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                | Vital Energy Inc                                                                 | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64087.66     | 0.00%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                  | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $416306.76    | 0.03%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                        | Service Properties Trust                                                         | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49407.58     | 0.00%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERI                        | Solstice Advanced Materials Inc                                                  | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |    315000 | PA      | $317965.44    | 0.02%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                           | Tenet Healthcare Corp                                                            | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    220000 | PA      | $225399.55    | 0.02%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                           | Tenet Healthcare Corp                                                            | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56662.05     | 0.00%             | 2033-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Soundview Home Equity Loan Tru                  | Soundview Home Loan Trust 2007-OPT1                                              | CUSIP: 83612TAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3952321 | PA      | $2668415.68   | 0.20%             | 2037-06-25      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                        | Standard Building Solutions Inc                                                  | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118478.29    | 0.01%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Structured Asset Securities Co                  | Structured Asset Securities Corp Mortgage Loan Trust Series 2007-RF1             | CUSIP: 86362CAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4387571 | PA      | $3643548.81   | 0.27%             | 2037-03-25      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                   | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    280000 | PA      | $287505.96    | 0.02%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                   | TransDigm Inc                                                                    | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36481.17     | 0.00%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                        | United Overseas Bank Ltd                                                         | CUSIP: 91127LAE0<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |    900000 | PA      | $883897.05    | 0.07%             | 2031-10-14      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                  | Upgrade Master Pass-Thru Trust Series 2025-ST6                                   | CUSIP: 91533QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2001456.80   | 0.15%             | 2032-10-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| VEGAS Trust                                     | VEGAS Trust 2024-TI                                                              | CUSIP: 92254AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    684000 | PA      | $693627.44    | 0.05%             | 2039-11-10      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                           | Mexico Government International Bond                                             | CUSIP: 91087BAF7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    650000 | PA      | $653575.00    | 0.05%             | 2029-04-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                           | Mexico Government International Bond                                             | CUSIP: 91087BAX8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1400000 | PA      | $1338050.00   | 0.10%             | 2053-05-04      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                          | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82695.79     | 0.01%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-9                                                | CUSIP: 92490EAM5<br>LEI: 2138002AFCEWDDRL8N22 | Long             | ABS-MBS          | CORP              | US        |    392000 | PA      | $392770.75    | 0.03%             | 2070-10-27      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                   | United States Treasury Bill                                                      | CUSIP: 912797SZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50000000 | PA      | $49642165.50  | 3.66%             | 2026-03-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                    | Upstart Securitization Trust                                                     | CUSIP: 91684NAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2850000 | PA      | $2897474.16   | 0.21%             | 2034-11-20      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| VIVINT SOLAR FINANCING LLC                      | Vivint Solar Financing V LLC                                                     | CUSIP: 92854VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4009222 | PA      | $3875290.73   | 0.29%             | 2048-04-30      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| WHARF Commercial Mortgage Trus                  | WHARF Commercial Mortgage Trust 2025-DC                                          | CUSIP: 92987LAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1070000 | PA      | $1096957.15   | 0.08%             | 2040-07-15      | Variable      | 7.72%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2016-C33                                   | CUSIP: 95000LBC6<br>LEI: 549300JPCJUA5JJLRW54 | Long             | ABS-MBS          | CORP              | US        |    790514 | PA      | $7.91         | 0.00%             | 2059-03-15      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| ULTRAPAR INTERNATIONL SA                        | Ultrapar International SA                                                        | CUSIP: QZ7451151<br>LEI: 222100CXHWBP3H3SK244 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $200210.10    | 0.01%             | 2026-10-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                     | Wayfair LLC                                                                      | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    210000 | PA      | $216142.50    | 0.02%             | 2032-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2017-C38                                   | CUSIP: 95001MAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12697632 | PA      | $135368.19    | 0.01%             | 2050-07-15      | Variable      | 0.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2025-5C3                                   | CUSIP: 95004JAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  47988270 | PA      | $1442589.78   | 0.11%             | 2058-01-15      | Variable      | 0.81%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                              | Wind River 2021-4 CLO Ltd                                                        | CUSIP: 97316UAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $982482.50    | 0.07%             | 2035-01-20      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                          | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    623773 | PA      | $624995.86    | 0.05%             | 2029-04-13      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| BROWN GROUP HOLDING LLC                         | Brown Group Holding LLC                                                          | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    117520 | PA      | $118241.73    | 0.01%             | 2031-07-01      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| XPO INC                                         | XPO Inc                                                                          | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    215000 | PA      | $225053.40    | 0.02%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE/LUXCO 3 SHARES                    | ALTICE FRANCE/LUXCO 3 SHARES                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      5652 | NS      | $101293.91    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| UNIGEL LUXEMBOURG SA                            | Unigel Luxembourg SA                                                             | CUSIP: YR2658494<br>LEI: 213800Y16R77O7LH7X62 | Long             | DBT              | CORP              | BR        |     62116 | PA      | $35716.70     | 0.00%             | 2027-12-31      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                    | Acrisure LLC                                                                     | CUSIP: 00488PAX3<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    359100 | PA      | $359997.75    | 0.03%             | 2032-06-21      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                   | TransDigm Inc                                                                    | CUSIP: 89364MCE2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    905000 | PA      | $909791.98    | 0.07%             | 2032-08-19      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| UNITED TALENT AGENCY LLC                        | United Talent Agency LLC                                                         | CUSIP: 91301QAP2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    138600 | PA      | $139812.75    | 0.01%             | 2032-06-10      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                   | TransDigm Inc                                                                    | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    648443 | PA      | $651610.56    | 0.05%             | 2031-02-28      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| KENAN ADVANTAGE GROUP                           | Kenan Advantage Group Inc/The                                                    | CUSIP: 48853UBQ2<br>LEI: 549300GVUXCXDWYPIY65 | Long             | LON              | CORP              | US        |    793710 | PA      | $788153.85    | 0.06%             | 2029-01-25      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                              | Voyager Parent LLC                                                               | CUSIP: 92921HAD7<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    165000 | PA      | $165325.05    | 0.01%             | 2032-07-01      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| ASCEND LEARNING LLC                             | Ascend Learning LLC                                                              | CUSIP: 04349HAN4<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |   1235905 | PA      | $1241750.83   | 0.09%             | 2028-12-11      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| SAVOR ACQUISITION INC                           | Savor Acquisition Inc                                                            | CUSIP: 80536AAB8<br>LEI: 25490051R6ZOBEBPQ519 | Long             | LON              | CORP              | US        |     49587 | PA      | $49855.08     | 0.00%             | 2032-02-19      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| SAVOR ACQUISITION INC                           | Savor Acquisition Inc                                                            | CUSIP: 80536AAC6<br>LEI: 25490051R6ZOBEBPQ519 | Long             | LON              | CORP              | US        |     37500 | PA      | $37703.06     | 0.00%             | 2032-02-19      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                               | Nexstar Media Inc                                                                | CUSIP: 65336RBB3<br>LEI: 5493006PK6I4I2OOT688 | Long             | LON              | CORP              | US        |      1562 | PA      | $1571.69      | 0.00%             | 2032-06-28      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| SGH2 LLC                                        | SGH2 LLC, Senior Secured First Lien Term Loan                                    | CUSIP: 78424SAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    450000 | PA      | $452250.00    | 0.03%             | 2032-08-18      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| DAWN BIDCO LLC                                  | Dawn Bidco LLC                                                                   | CUSIP: 23923YAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1415000 | PA      | $1412481.30   | 0.10%             | 2032-10-07      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| CAP SA                                          | CAP SA                                                                           | CUSIP: BP2326778<br>LEI: 54930079GPG23NTBB003 | Long             | DBT              | CORP              | CL        |    900000 | PA      | $736581.69    | 0.05%             | 2031-04-27      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| JSW HYDRO ENERGY LTD                            | JSW Hydro Energy Ltd                                                             | CUSIP: BP4638287<br>LEI: 3358006ZP5KO7VUH2790 | Long             | DBT              | CORP              | IN        |   1390000 | PA      | $1294453.83   | 0.10%             | 2031-05-18      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                     | OCP CLO 2021-21 Ltd                                                              | CUSIP: 671000AS6<br>LEI: 2549000M7NBNQ7XU2038 | Long             | ABS-CBDO         | CORP              | US        |   2250000 | PA      | $2270553.30   | 0.17%             | 2038-01-20      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                            | OneMain Finance Corp                                                             | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194167.08    | 0.01%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ONT GAMING GTA/OTG CO-IS                        | Ontario Gaming GTA LP/OTG Co-Issuer Inc                                          | CUSIP: 68306MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    235000 | PA      | $223002.93    | 0.02%             | 2030-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                           | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108022.71    | 0.01%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                           | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    120000 | PA      | $127761.93    | 0.01%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                           | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109981.71    | 0.01%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                             | Petroleos Mexicanos                                                              | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $411434.37    | 0.03%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TERMOCANDELARIA POWER                           | Termocandelaria Power SA                                                         | CUSIP: 88087AAA6<br>LEI: 549300YDORW43JL6G659 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $207061.00    | 0.02%             | 2031-09-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Tesla Sustainable Energy Trust                  | Tesla Sustainable Energy Trust 2024-1                                            | CUSIP: 88164AAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1504561.50   | 0.11%             | 2050-06-21      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ECOVYST CATALYST TECHNOL                        | Ecovyst Catalyst Technologies LLC                                                | CUSIP: 27922JAC0<br>LEI: 254900NH3N3I82Z6Q744 | Long             | LON              | CORP              | US        |    384939 | PA      | $385970.54    | 0.03%             | 2031-06-12      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| ONEDIGITAL BORROWER LLC                         | OneDigital Borrower LLC                                                          | CUSIP: 68252HAB0<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |    142326 | PA      | $143839.03    | 0.01%             | 2032-07-02      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| TAMKO BUILDING PRODUCTS INC                     | Tamko Building Products LLC                                                      | CUSIP: 87510EAD1<br>LEI: 5493003VQCGZ0AORLH30 | Long             | LON              | CORP              | US        |     91480 | PA      | $92204.50     | 0.01%             | 2030-09-20      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| TAMKO BUILDING PRODUCTS INC                     | Tamko Building Products LLC                                                      | CUSIP: 87510EAD1<br>LEI: 5493003VQCGZ0AORLH30 | Long             | LON              | CORP              | US        |     43453 | PA      | $43797.14     | 0.00%             | 2030-09-20      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| TAMKO BUILDING PRODUCTS INC                     | Tamko Building Products LLC                                                      | CUSIP: 87510EAD1<br>LEI: 5493003VQCGZ0AORLH30 | Long             | LON              | CORP              | US        |     45740 | PA      | $46102.25     | 0.00%             | 2030-09-20      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| DYNASTY ACQUISITION CO I                        | Dynasty Acquisition Co Inc                                                       | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    106661 | PA      | $107182.23    | 0.01%             | 2031-10-31      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| TECTA AMERICA CORP                              | Tecta America Corp                                                               | CUSIP: 87876GAN2<br>LEI: 54930083ULRH07WCC129 | Long             | LON              | CORP              | US        |    518700 | PA      | $521332.40    | 0.04%             | 2032-02-18      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| PERU LNG SRL                                    | Peru LNG Srl                                                                     | CUSIP: AR7830417<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |    750100 | PA      | $726980.57    | 0.05%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                      | AMSR 2021-SFR3 Trust                                                             | CUSIP: 00180UAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5122000 | PA      | $5047088.19   | 0.37%             | 2038-10-17      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                | Altice France SA                                                                 | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    201375 | PA      | $193239.33    | 0.01%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                           | American Airlines Inc                                                            | CUSIP: 023771T40<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $172675.31    | 0.01%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2021-LBA                                                                | CUSIP: 05609BAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1320000 | PA      | $1319767.42   | 0.10%             | 2036-02-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2025-ARIA                                                               | CUSIP: 05619TAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1567442 | PA      | $1580983.60   | 0.12%             | 2042-12-13      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                        | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAD0<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    700000 | PA      | $735875.01    | 0.05%             | 2031-05-20      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 2025-5YR17                                                                 | CUSIP: 06211GAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  45906749 | PA      | $2258033.64   | 0.17%             | 2058-11-15      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 2025-5YR15                                                                 | CUSIP: 065924AZ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    518000 | PA      | $521090.85    | 0.04%             | 2058-07-15      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 2025-5YR16                                                                 | CUSIP: 065934BD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  25164625 | PA      | $1116214.68   | 0.08%             | 2063-08-15      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                          | Canyon Capital CLO 2014-1 Ltd                                                    | CUSIP: 13875LAU2<br>LEI: 549300W778MFSPI8C872 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2010603.20   | 0.15%             | 2031-01-30      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                | Connecticut Avenue Securities Trust 2025-R04                                     | CUSIP: 20755TAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7500000 | PA      | $7514665.50   | 0.55%             | 2045-05-25      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                  | EFMT 2025-NQM3                                                                   | CUSIP: 26846YAF5<br>LEI: 2549007I2BIJP4S0O647 | Long             | ABS-MBS          | CORP              | US        |   1405000 | PA      | $1418619.09   | 0.10%             | 2070-08-25      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| EWC Master Issuer LLC                           | EWC Master Issuer LLC                                                            | CUSIP: 26929HAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1930000 | PA      | $1909028.43   | 0.14%             | 2052-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                | Freddie Mac Strips                                                               | CUSIP: 31325YCD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7046462 | PA      | $1255098.41   | 0.09%             | 2052-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137FXN46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11266918 | PA      | $1716482.22   | 0.13%             | 2050-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137H2EL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9137367 | PA      | $1491767.37   | 0.11%             | 2051-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2024-DNA1                                          | CUSIP: 35564NBA0<br>LEI: 529900N6M839KA246662 | Long             | ABS-MBS          | CORP              | US        |   4300000 | PA      | $4346593.08   | 0.32%             | 2044-02-25      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                    | Hilton Grand Vacations Trust 2025-3EXT                                           | CUSIP: 43283DAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $904685.22    | 0.07%             | 2044-10-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                                  | ICG US CLO 2023-1 I Ltd                                                          | CUSIP: 449278AJ9<br>LEI: 213800Z9YRS87E5MLP40 | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2510047.50   | 0.18%             | 2038-07-18      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                         | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $100833.62    | 0.01%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                         | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142992.08    | 0.01%             | 2031-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EDELMAN FINANCIAL CENTER                        | Edelman Financial Engines Center LLC/The                                         | CUSIP: 27943TAC3<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |    285000 | PA      | $285119.70    | 0.02%             | 2028-10-06      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| HEXION HOLDINGS CORP                            | Hexion Holdings Corp                                                             | CUSIP: 00217XAE6<br>LEI: 549300LBB370MUHGLV84 | Long             | LON              | CORP              | US        |    377036 | PA      | $364580.44    | 0.03%             | 2029-03-15      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                                      | Kaman Corp                                                                       | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |    181322 | PA      | $182274.35    | 0.01%             | 2032-02-26      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                                      | Kaman Corp                                                                       | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |     44197 | PA      | $44429.13     | 0.00%             | 2032-02-26      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| KAMAN CORP                                      | Kaman Corp                                                                       | CUSIP: 48354VAN2<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |     76275 | PA      | $76675.61     | 0.01%             | 2032-02-26      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS LLC                    | Focus Financial Partners LLC                                                     | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |   1135773 | PA      | $1138964.25   | 0.08%             | 2031-09-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                         | American Axle & Manufacturing Inc                                                | CUSIP: 02406MBB2<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | LON              | CORP              | US        |    440000 | PA      | $440915.20    | 0.03%             | 2032-09-20      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| EG AMERICA LLC                                  | EG America LLC                                                                   | CUSIP: N/A<br>LEI: 549300BY1CRYVPEG9R57       | Long             | LON              | CORP              | US        |    585899 | PA      | $588889.93    | 0.04%             | 2028-02-07      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| EMPRESA ELECTRICA COCHRA                        | Empresa Electrica Cochrane SpA                                                   | CUSIP: ZQ3807125<br>LEI: 5493000S11JF8TJHYT07 | Long             | DBT              | CORP              | CL        |    278400 | PA      | $276656.52    | 0.02%             | 2027-05-14      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                            | BlueMountain Fuji US Clo II Ltd                                                  | CUSIP: 09629EAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1001401.10   | 0.07%             | 2030-10-20      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                              | BMO 2024-C10 Mortgage Trust                                                      | CUSIP: 096920AL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3457000 | PA      | $393492.68    | 0.03%             | 2057-11-15      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                          | CHL Mortgage Pass-Through Trust 2007-14                                          | CUSIP: 12544DAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    232935 | PA      | $120143.02    | 0.01%             | 2037-09-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                          | CHL Mortgage Pass-Through Trust 2007-14                                          | CUSIP: 12544DAU3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4561558 | PA      | $2177592.43   | 0.16%             | 2037-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                           | Caesars Entertainment Inc                                                        | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    275000 | PA      | $267632.45    | 0.02%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                  | Carlyle US CLO 2024-4                                                            | CUSIP: 142914AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500182.65    | 0.04%             | 2037-07-20      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                 | Cemex SAB de CV                                                                  | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $208830.00    | 0.02%             | 2030-06-10      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| DIGICEL GROUP HOLDINGS                          | Digicel Group Holdings Ltd                                                       | CUSIP: 25381HAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | JM        |    165105 | PA      | $7746.10      | 0.00%             | 2030-12-31      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| GoldenTree Loan Management US                   | GoldenTree Loan Management US CLO 21 Ltd                                         | CUSIP: 38139AAN1<br>LEI: 9845004E2AE056868254 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1006471.30   | 0.07%             | 2037-07-20      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                          | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     95000 | PA      | $90194.23     | 0.01%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KREF 2022-Fl3 Ltd                               | KREF 2022-FL3 Ltd                                                                | CUSIP: 48275EAA4<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | US        |    816198 | PA      | $817245.83    | 0.06%             | 2039-02-17      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd                               | KREF 2021-FL2 Ltd                                                                | CUSIP: 48275RAA5<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | US        |    663723 | PA      | $665103.62    | 0.05%             | 2039-02-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                         | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    155000 | PA      | $159445.29    | 0.01%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                             | LCM 26 Ltd                                                                       | CUSIP: 50200FAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5003652.00   | 0.37%             | 2031-01-20      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                | Lamar Media Corp                                                                 | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $313329.65    | 0.02%             | 2033-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                        | Lindblad Expeditions LLC                                                         | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    210000 | PA      | $219167.55    | 0.02%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                       | Caesars Entertainment Inc, Senior Secured First Lien Term Loan                   | CUSIP: 12768EAH9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1453500 | PA      | $1442598.43   | 0.11%             | 2031-02-06      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| DG INVESTMENT INTERMEDI                         | DG Investment Intermediate Holdings 2 Inc                                        | CUSIP: 23344MAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1450000 | PA      | $1455437.50   | 0.11%             | 2032-07-12      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| CREATIVE ARTISTS AGENCY LLC                     | Creative Artists Agency LLC                                                      | CUSIP: 22526WAU2<br>LEI: 5493008FV5TCFL3KHH96 | Long             | LON              | CORP              | US        |    698121 | PA      | $701611.51    | 0.05%             | 2031-10-01      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| CPI HOLDCO B LLC                                | CPI Holdco B LLC                                                                 | CUSIP: 1261MAAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    667567 | PA      | $669746.49    | 0.05%             | 2031-05-19      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                         | Global Aircraft Leasing Co Ltd                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    825000 | PA      | $856596.68    | 0.06%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38381JA72<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8405086 | PA      | $771249.83    | 0.06%             | 2066-02-16      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38381LVU3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8472119 | PA      | $525791.56    | 0.04%             | 2065-10-16      | Variable      | 0.76%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382KWT6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  30966013 | PA      | $4759658.86   | 0.35%             | 2050-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383FQ30<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8250800 | PA      | $1064482.79   | 0.08%             | 2052-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38384TDX7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  24961688 | PA      | $1816095.12   | 0.13%             | 2067-09-16      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| VMC Finance LLC                                 | VMC Finance 2019-FL3 LLC                                                         | CUSIP: 91834PAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    989390 | PA      | $991218.22    | 0.07%             | 2036-09-15      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC                  | VCAT 2025 NPL2 LLC                                                               | CUSIP: 92243PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5979735 | PA      | $6001947.22   | 0.44%             | 2055-01-25      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo                  | Velocity Commercial Capital Loan Trust 2018-2                                    | CUSIP: 92259BAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1006289 | PA      | $966735.92    | 0.07%             | 2048-10-26      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2024-6                                                | CUSIP: 92540JAD4<br>LEI: 213800278TKDEXPH6140 | Long             | ABS-MBS          | CORP              | US        |   4750000 | PA      | $4797975.00   | 0.35%             | 2069-07-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-R1                                               | CUSIP: 92541AAD2<br>LEI: 213800UBQ9UM61L7TB84 | Long             | ABS-MBS          | CORP              | US        |   2100000 | PA      | $2121735.42   | 0.16%             | 2065-05-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                        | Volcan Cia Minera SAA                                                            | CUSIP: 92863UAD8<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |    300000 | PA      | $309189.00    | 0.02%             | 2032-10-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                              | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    150000 | PA      | $159259.65    | 0.01%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| VESTIS CORP                                     | Vestis Corp                                                                      | CUSIP: 92550HAE3<br>LEI: 254900QDW0TA2TMFAP59 | Long             | LON              | CORP              | US        |    555531 | PA      | $511783.16    | 0.04%             | 2031-02-24      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| VIRTUS INVESTMENT PARTNERS                      | Virtus Investment Partners Inc                                                   | CUSIP: 92827RAR9<br>LEI: 549300HWF93HB8BDM648 | Long             | LON              | CORP              | US        |    275000 | PA      | $277406.25    | 0.02%             | 2032-09-27      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| NBM US HOLDINGS INC                             | NBM US Holdings Inc                                                              | CUSIP: AZ8757330<br>LEI: 5493008K1QMSP0J8UC24 | Long             | DBT              | CORP              | BR        |    500000 | PA      | $506482.53    | 0.04%             | 2029-08-06      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** DoubleLine Funds Trust

**Signature:** /s/ Ana Alcantara

**Name of Signer:** DoubleLine Funds Trust

**Title:** Vice President