# EDGAR Filing Document

**Accession Number:** 0000822671
**File Stem:** 0002071691-26-012205
**Filing Date:** 2026-5
**Character Count:** 327699
**Document Hash:** 3f49014c79f7e251502446ab870e4a75
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-012205.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0002071691-26-012205

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM VARIABLE TRUST
- **CENTRAL INDEX KEY:** 0000822671

**ORGANIZATION NAME:**
- **EIN:** 046649095
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05346
- **FILM NUMBER:** 261024561

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM CAPITAL MANAGER TRUST /MA/
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Putnam VT Diversified Income Fund (Series ID: S000003893)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010881 | Class IA Shares |  |
| C000010882 | Class IB Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam Variable Trust

- **b. Investment Company Act file number:** 811-05346

- **c. CIK number of Registrant:** 0000822671

- **d. LEI of Registrant:** 549300TBVD21LYBGBD46

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

  - **Street Address 1:** 100 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-292-1000

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

- **a. Name of Series:** Putnam VT Diversified Income Fund

- **b. EDGAR series identifier (if any):** S000003893

- **c. LEI of Series:** 8JXB19CF5HE2V5XUD764

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $190512723.70

**Total Liabilities:** $94424500.08

**Net Assets:** $96088223.62

**Delayed Delivery Securities:** $87094510.61

**Cash Not Reported:** $89089.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -71.22000000 | **1-Year:** -1700.93000000 | **5-Year:** -3285.08000000 | **10-Year:** -1386.37000000 | **30-Year:** -1795.54000000

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

- **3-Month:** 0.21000000 | **1-Year:** 6683.42000000 | **5-Year:** -31351.98000000 | **10-Year:** 14711.23000000 | **30-Year:** -6842.16000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010882 | 0.21%                | 1.06%                | -1.42%               |
| Class ID C000010881 | 0.21%                | 1.07%                | -1.38%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $143902.71               | $-94925.98                                 |
| Month 2  | $93804.18                | $439023.93                                 |
| Month 3  | $22070.98                | $-1550334.47                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Garda World Security Corp.                                              | Garda World Security Corp., First Lien, Fifteenth Additional CME Term Loan        | CUSIP: C4000KAH7<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    107463 | PA      | $106925.91    | 0.11%             | 2029-02-01      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                      | BMO Mortgage Trust, Series 2024-5C6, Class XA                                     | CUSIP: 05593QAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3409301 | PA      | $132577.47    | 0.14%             | 2057-09-15      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp.                                                       | IRB Holding Corp., First Lien, 2025 Replacement CME Term Loan, B                  | CUSIP: 44988LAM9<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |    151885 | PA      | $151695.11    | 0.16%             | 2030-12-16      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | OIS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |  15131000 | PA      | $46944.54     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2021-59, Class IP                                                    | CUSIP: 38382RRP5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2309740 | PA      | $388427.37    | 0.40%             | 2051-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dick's Sporting Goods, Inc.                                             | Dick's Sporting Goods, Inc.                                                       | CUSIP: 253393AH5<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |    245000 | PA      | $238491.39    | 0.25%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | U.S. Treasury 2 Year Notes                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -41 | NC      | $62082.45     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                                                             | Itron, Inc.                                                                       | CUSIP: 465741AQ9<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59442.50     | 0.06%             | 2030-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC STACR Trust, Series 2018-DNA3, Class B2                                     | CUSIP: 35563WBE3<br>LEI: 549300BL200YC56BUV20 | Long             | ABS-MBS          | CORP              | US        |    389000 | PA      | $443050.15    | 0.46%             | 2048-09-25      | Floating      | 11.53%                | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     25000 | PA      | $2173.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-71.03       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Workiva, Inc.                                                           | Workiva, Inc.                                                                     | CUSIP: 98139AAD7<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23468.75     | 0.02%             | 2028-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                                             | Beach Acquisition Bidco LLC                                                       | CUSIP: 07337JAE7<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    100000 | PA      | $111138.65    | 0.12%             | 2032-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alnylam Pharmaceuticals, Inc.                                           | Alnylam Pharmaceuticals, Inc.                                                     | CUSIP: 02043QAC1<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27862.89     | 0.03%             | 2028-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2018-139, Class SA                                                   | CUSIP: 38381AKY1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    838910 | PA      | $104067.79    | 0.11%             | 2048-10-20      | Floating      | 2.36%                 | No            |                  2 | On Loan: No      |
| Federation des Caisses Desjardins du Quebec                             | Federation des Caisses Desjardins du Quebec                                       | CUSIP: 31429KAP8<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $199228.45    | 0.21%             | 2030-08-26      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Norwegian Krone                                                         | Norwegian Krone                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | NO        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                     | Citigroup Commercial Mortgage Trust, Series 2015-GC33, Class C                    | CUSIP: 29425AAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115000 | PA      | $100251.25    | 0.10%             | 2058-09-10      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| BWX Technologies, Inc.                                                  | BWX Technologies, Inc.                                                            | CUSIP: 05605HAD2<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20760.00     | 0.02%             | 2030-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                            | Hess Midstream Operations LP                                                      | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35245.21     | 0.04%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA II, Single-family, 30 Year                                                   | CUSIP: 3617K4VB0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     11979 | PA      | $12304.10     | 0.01%             | 2049-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   4357000 | PA      | $-60264.28    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, Series 2018-20, Class SB                                                    | CUSIP: 3136B07G5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    966468 | PA      | $89517.97     | 0.09%             | 2048-03-25      | Floating      | 2.47%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                     | Constellation Energy Generation LLC                                               | CUSIP: 210385AQ3<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39495.01     | 0.04%             | 2031-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                                             | McGraw-Hill Education, Inc.                                                       | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     92000 | PA      | $93978.64     | 0.10%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AeroVironment, Inc.                                                     | AeroVironment, Inc.                                                               | CUSIP: 008073AA6<br>LEI: 529900PGHVI29YLZ6221 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19620.00     | 0.02%             | 2030-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    202000 | PA      | $99810.31     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Peru                                                        | Peru Government Bond                                                              | CUSIP: 715638DF6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    260000 | PA      | $237536.00    | 0.25%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas, Inc.                                                    | Hunter Douglas, Inc., First Lien, CME Term Loan, B1                               | CUSIP: N8137FAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    106899 | PA      | $106576.37    | 0.11%             | 2032-01-16      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2017-42, Class IC                                                    | CUSIP: 38376MSQ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    268920 | PA      | $51776.01     | 0.05%             | 2041-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Avnet, Inc.                                                             | Avnet, Inc.                                                                       | CUSIP: 053807AY9<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21720.00     | 0.02%             | 2030-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2017-H16, Class JI                                                   | CUSIP: 38375UG46<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1034053 | PA      | $42508.89     | 0.04%             | 2067-08-20      | Variable      | 2.28%                 | No            |                  2 | On Loan: No      |
| United Mexican States                                                   | Mexico Government Bond                                                            | CUSIP: 91087BAM2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $177030.00    | 0.18%             | 2031-05-24      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                   | Wells Fargo Commercial Mortgage Trust, Series 2016-C33, Class D                   | CUSIP: 95000LAJ2<br>LEI: 549300JPCJUA5JJLRW54 | Long             | ABS-MBS          | CORP              | US        |     99059 | PA      | $96892.05     | 0.10%             | 2059-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                                  | Neptune Bidco US, Inc.                                                            | CUSIP: 640695AD4<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29144.67     | 0.03%             | 2033-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                        | Amazon.com, Inc.                                                                  | CUSIP: 023135DD5<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89356.99     | 0.09%             | 2031-03-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                       | Wells Fargo & Co.                                                                 | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    265000 | PA      | $271117.00    | 0.28%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| JH North America Holdings, Inc.                                         | JH North America Holdings, Inc.                                                   | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34916.87     | 0.04%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2017-H10, Class MI                                                   | CUSIP: 38375UB25<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1033852 | PA      | $28361.26     | 0.03%             | 2067-04-20      | Variable      | 1.78%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $370.06       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                            | Oracle Corp.                                                                      | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112559.75    | 0.12%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2021-77, Class SM                                                    | CUSIP: 38382QX21<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1972159 | PA      | $262997.68    | 0.27%             | 2051-05-20      | Floating      | 2.51%                 | No            |                  2 | On Loan: No      |
| Real Estate Asset Liquidity Trust                                       | Real Estate Asset Liquidity Trust, Series 2024-RONA, Class X                      | CUSIP: 75585RSQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |   5289678 | PA      | $103010.12    | 0.11%             | 2041-12-12      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| Alternative Loan Trust                                                  | Alternative Loan Trust, Series 2006-OA7, Class 1A1                                | CUSIP: 02146BAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    448375 | PA      | $420345.48    | 0.44%             | 2046-06-25      | Variable      | 3.04%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |     81000 | PA      | $1370.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                             | Crescent Energy Finance LLC                                                       | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109858.35    | 0.11%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                                                            | AbbVie, Inc.                                                                      | CUSIP: 00287YEE5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83785.12     | 0.09%             | 2031-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Terawulf, Inc.                                                          | Terawulf, Inc.                                                                    | CUSIP: 88080TAE4<br>LEI: 254900CVMW1SX2T78A64 | Long             | DBT              | CORP              | US        |     93000 | PA      | $96293.46     | 0.10%             | 2032-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    111000 | PA      | $16428.48     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2015-H25, Class AI                                                   | CUSIP: 38376RJD9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    663247 | PA      | $13074.33     | 0.01%             | 2065-09-20      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     51000 | PA      | $-489.94      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                     | COMM Mortgage Trust, Series 2013-CR12, Class AM                                   | CUSIP: 12591KAG0<br>LEI: 549300MGZ5FI5VFL1177 | Long             | ABS-MBS          | CORP              | US        |     57807 | PA      | $55450.65     | 0.06%             | 2046-10-10      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Nigeria                                             | Nigeria Government Bond                                                           | CUSIP: 65412AFF4<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    200000 | PA      | $208526.37    | 0.22%             | 2036-01-13      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Romania                                                                 | Romania Government Bond                                                           | CUSIP: 77586RAK6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    280000 | PA      | $274777.30    | 0.29%             | 2027-02-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANK5 Trust                                                             | BANK5 Trust, Series 2024-5YR10, Class XA                                          | CUSIP: 06604AAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4131004 | PA      | $148975.99    | 0.16%             | 2057-10-15      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                     | Petroleos Mexicanos                                                               | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |    103000 | PA      | $100889.56    | 0.10%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                                       | Ghana Government Bond                                                             | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    100000 | PA      | $85542.70     | 0.09%             | 2035-07-03      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republic of Iraq                                                        | Iraq Government Bond                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | IQ        |    165000 | PA      | $160727.46    | 0.17%             | 2028-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Ahead DB Holdings LLC                                                   | Ahead DB Holdings LLC, First Lien, CME Term Loan, B3                              | CUSIP: 00866HAH8<br>LEI: 254900L07WFL833JX193 | Long             | LON              | CORP              | US        |     48788 | PA      | $48140.19     | 0.05%             | 2031-02-03      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                     | COMM Mortgage Trust, Series 2012-CR3, Class F                                     | CUSIP: 12624PAW5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    169087 | PA      | $8859.31      | 0.01%             | 2045-10-15      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                          | Morgan Stanley                                                                    | CUSIP: 61747YGB5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84446.11     | 0.09%             | 2032-03-12      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Alphabet, Inc.                                                          | Alphabet, Inc.                                                                    | CUSIP: 02079KBK2<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114225.84    | 0.12%             | 2031-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2014-119, Class SA                                                   | CUSIP: 38379EAL6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    440783 | PA      | $40923.75     | 0.04%             | 2044-08-20      | Floating      | 1.81%                 | No            |                  2 | On Loan: No      |
| Herc Holdings, Inc.                                                     | Herc Holdings, Inc.                                                               | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35595.25     | 0.04%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                     | COMM Mortgage Trust, Series 2015-DC1, Class B                                     | CUSIP: 12629NAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    264000 | PA      | $253228.85    | 0.26%             | 2048-02-10      | Variable      | 4.03%                 | No            |                  2 | On Loan: No      |
| Welltower OP LLC                                                        | Welltower OP LLC                                                                  | CUSIP: 95041AAB4<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |     33000 | PA      | $68524.50     | 0.07%             | 2028-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| KazMunayGas National Co. JSC                                            | KazMunayGas National Co. JSC                                                      | CUSIP: N/A<br>LEI: 2138001H1M69RFJCSH88       | Long             | DBT              | CORP              | KZ        |    280000 | PA      | $283437.58    | 0.29%             | 2030-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-4557.74     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                          | Morgan Stanley                                                                    | CUSIP: 61747YFA8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    405000 | PA      | $409569.99    | 0.43%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Power Finance Corp. Ltd.                                                | Power Finance Corp. Ltd.                                                          | CUSIP: 73928RAB2<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | NUSS              | IN        |    250000 | PA      | $241751.87    | 0.25%             | 2030-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2016-H23, Class NI                                                   | CUSIP: 38376RA63<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1407134 | PA      | $69350.62     | 0.07%             | 2066-10-20      | Variable      | 2.73%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1616.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   1080000 | PA      | $3540.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust                  | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2007-CB20, Class E | CUSIP: 46631QAT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6339 | PA      | $8957.13      | 0.01%             | 2051-02-12      | Variable      | 9.05%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA Connecticut Avenue Securities Trust, Series 2016-C05, Class 2B               | CUSIP: 30711XDN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |     88261 | PA      | $90761.15     | 0.09%             | 2029-01-25      | Floating      | 14.53%                | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2014-60, Class SD                                                    | CUSIP: 38379BNA2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1036111 | PA      | $122382.71    | 0.13%             | 2044-04-20      | Floating      | 2.39%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                            | Oracle Corp.                                                                      | CUSIP: 68389XDW2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    210000 | PA      | $207387.44    | 0.22%             | 2029-02-04      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2013-34, Class IH                                                    | CUSIP: 38378JL67<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    483092 | PA      | $88539.05     | 0.09%             | 2043-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Salesforce, Inc.                                                        | Salesforce, Inc.                                                                  | CUSIP: 79466LAQ7<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120072.28    | 0.12%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Alternative Loan Trust                                                  | Alternative Loan Trust, Series 2006-OA7, Class 1A2                                | CUSIP: 02146BAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    113257 | PA      | $112798.39    | 0.12%             | 2046-06-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                               | Sunoco LP                                                                         | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    116000 | PA      | $116597.63    | 0.12%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Provincia de Cordoba                                                    | Provincia de Cordoba Argentina                                                    | CUSIP: 74408DAG9<br>LEI: 5299006CLM2Z97AATT29 | Long             | DBT              | NUSS              | AR        |     60000 | PA      | $57375.00     | 0.06%             | 2035-02-03      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| PG&E Corp.                                                              | PG&E Corp.                                                                        | CUSIP: 69331CAL2<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     46000 | PA      | $47666.38     | 0.05%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| IREN Ltd.                                                               | IREN Ltd.                                                                         | CUSIP: 46270CAE9<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |     10000 | PA      | $7320.50      | 0.01%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Paraguay Government International Bond                                  | Paraguay Government Bond                                                          | CUSIP: N/A<br>LEI: 529900UXKJTJPCU0HK83       | Long             | DBT              | NUSS              | PY        |    470000 | PA      | $436277.50    | 0.45%             | 2033-06-28      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| PRPM LLC                                                                | PRPM LLC, Series 2026-1, Class A1                                                 | CUSIP: 74449BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    144131 | PA      | $142719.79    | 0.15%             | 2031-02-25      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Aramark Services, Inc.                                                  | Aramark Services, Inc.                                                            | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |    118000 | PA      | $117369.09    | 0.12%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                                    | Colombia Government Bond                                                          | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |    110000 | PA      | $123172.81    | 0.13%             | 2030-11-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, 30 Year                                                                     | CUSIP: 3140JS4K2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12855 | PA      | $12838.84     | 0.01%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRV Trust                                                               | IRV Trust, Series 2025-200P, Class C                                              | CUSIP: 45006HAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    147000 | PA      | $145975.20    | 0.15%             | 2047-03-14      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                                             | McGraw-Hill Education, Inc.                                                       | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     68000 | PA      | $67287.25     | 0.07%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                                       | BAT Capital Corp.                                                                 | CUSIP: 054989AA6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     95000 | PA      | $101438.06    | 0.11%             | 2030-08-02      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                         | TransDigm, Inc.                                                                   | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15177.77     | 0.02%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RHP Hotel Properties LP / RHP Finance Corp.                             | RHP Hotel Properties LP / RHP Finance Corp.                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $122260.92    | 0.13%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                               | South Bow USA Infrastructure Holdings LLC                                         | CUSIP: 83007CAD4<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135908.85    | 0.14%             | 2029-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| WULF Compute LLC                                                        | WULF Compute LLC                                                                  | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $79298.63     | 0.08%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Hungary                                                                 | Hungary Government Bond                                                           | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $200719.58    | 0.21%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2012-128, Class IA                                                   | CUSIP: 38378HK70<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    607466 | PA      | $96772.68     | 0.10%             | 2042-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-4415.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                   | Athene Global Funding                                                             | CUSIP: 04685A3Q2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131242.17    | 0.14%             | 2029-01-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDI                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |   3780000 | PA      | $-5642.80     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Taylor Morrison Communities, Inc.                                       | Taylor Morrison Communities, Inc.                                                 | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    276000 | PA      | $274082.16    | 0.29%             | 2030-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                                      | Dominican Republic Government Bond                                                | CUSIP: N/A<br>LEI: 254900EHU7Q8FGVPI369       | Long             | DBT              | NUSS              | DO        |    230000 | PA      | $212497.00    | 0.22%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AES Andes SA                                                            | AES Andes SA                                                                      | CUSIP: 00111VAD9<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $205388.20    | 0.21%             | 2032-03-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | OIS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   9383000 | PA      | $12905.11     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2020-63, Class PS                                                    | CUSIP: 38382FGP3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1783596 | PA      | $222891.31    | 0.23%             | 2050-04-20      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA II, Single-family, 30 Year                                                   | CUSIP: 3617LELG7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     29808 | PA      | $27042.75     | 0.03%             | 2049-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2014-H21, Class BI                                                   | CUSIP: 38375UPZ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    465463 | PA      | $12603.81     | 0.01%             | 2064-10-20      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| DXP Enterprises, Inc.                                                   | DXP Enterprises, Inc., First Lien, Initial CME Term Loan                          | CUSIP: 23338DAS5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     32338 | PA      | $32559.82     | 0.03%             | 2030-10-11      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                                    | Boston Properties LP                                                              | CUSIP: 10112RBM5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27375.00     | 0.03%             | 2030-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |     56400 | PA      | $5755.44      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2017-H02, Class BI                                                   | CUSIP: 38375UYG9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    432384 | PA      | $16459.64     | 0.02%             | 2067-01-20      | Variable      | 2.29%                 | No            |                  2 | On Loan: No      |
| Asurion LLC/ Asurion Co-Issuer, Inc.                                    | Asurion LLC and Asurion Co-Issuer, Inc.                                           | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83063.04     | 0.09%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Snowflake, Inc.                                                         | Snowflake, Inc.                                                                   | CUSIP: 833445AB5<br>LEI: 254900CJNSY1K7T53Z16 | Long             | DBT              | CORP              | US        |     64000 | PA      | $75712.00     | 0.08%             | 2027-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-16835.14    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                                           | Brazil Government Bond                                                            | CUSIP: 105756CC2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    590000 | PA      | $563686.00    | 0.59%             | 2030-06-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                                           | Uniform Mortgage-Backed Securities                                                | CUSIP: 01F042640<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |   -500000 | PA      | $-482620.02   | -0.50%            | 2056-04-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                                 | Quikrete Holdings, Inc.                                                           | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45663.89     | 0.05%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd.                                              | AAdvantage Loyalty IP Ltd., First Lien, CME Term Loan                             | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    203868 | PA      | $202338.94    | 0.21%             | 2028-04-20      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                                          | Protective Life Global Funding                                                    | CUSIP: 74368CBV5<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    175000 | PA      | $179116.88    | 0.19%             | 2028-12-08      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco GmbH                                                  | TK Elevator Midco GmbH, First Lien, CME Term Loan, B1                             | CUSIP: D9000BAJ1<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | DE        |     76182 | PA      | $76430.41     | 0.08%             | 2030-04-30      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2021-59, Class SQ                                                    | CUSIP: 38382RPZ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1501171 | PA      | $192211.39    | 0.20%             | 2051-04-20      | Floating      | 2.51%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   2121400 | PA      | $3559.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, Series 2015-42, Class LS                                                    | CUSIP: 3136ANX69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    758090 | PA      | $55953.56     | 0.06%             | 2045-06-25      | Floating      | 2.42%                 | No            |                  2 | On Loan: No      |
| PRET LLC                                                                | PRET LLC, Series 2026-NPL3, Class A1                                              | CUSIP: 69383QAA2<br>LEI: 254900YVPXC5UC5GP265 | Long             | ABS-O            | CORP              | US        |    379063 | PA      | $376239.97    | 0.39%             | 2056-02-25      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |    124000 | PA      | $25.84        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   3171600 | PA      | $17899.54     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA Connecticut Avenue Securities Trust, Series 2022-R02, Class 2B1              | CUSIP: 20754BAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    148000 | PA      | $151878.84    | 0.16%             | 2042-01-25      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| MFA Trust                                                               | MFA Trust, Series 2025-NQM3, Class A1                                             | CUSIP: 58004LAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     91934 | PA      | $91901.14     | 0.10%             | 2070-08-25      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC, Series 5024, Class HI                                                      | CUSIP: 3137FWKE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1818003 | PA      | $428079.97    | 0.45%             | 2050-10-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Owens-Brockway Glass Container, Inc.                                    | Owens-Brockway Glass Container, Inc., First Lien, CME Term Loan, B1               | CUSIP: 69074LAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     64132 | PA      | $63597.51     | 0.07%             | 2032-09-30      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-373.95      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Pinnacle Buyer LLC                                                      | Pinnacle Buyer LLC, First Lien, Initial CME Term Loan, B                          | CUSIP: 72349UAB8<br>LEI: 254900F51XXB8NHJPB58 | Long             | LON              | CORP              | US        |     37895 | PA      | $37984.24     | 0.04%             | 2032-10-01      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| WESCO Distribution, Inc.                                                | WESCO Distribution, Inc.                                                          | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30588.66     | 0.03%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $379.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1218400 | PA      | $20276.11     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Jefferson Capital Holdings LLC                                          | Jefferson Capital Holdings LLC                                                    | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $272991.94    | 0.28%             | 2029-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                                       | BAT Capital Corp.                                                                 | CUSIP: 05526DBN4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35387.31     | 0.04%             | 2030-04-02      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                                  | Egypt Government Bond                                                             | CUSIP: 03846JAH3<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $207041.22    | 0.22%             | 2030-02-04      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| BANK                                                                    | BANK, Series 2018-BN11, Class D                                                   | CUSIP: 06540TAP5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80000 | PA      | $67726.02     | 0.07%             | 2061-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                    | American Tower Corp.                                                              | CUSIP: 03027XAX8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    275000 | PA      | $271571.21    | 0.28%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                            | Royal Caribbean Cruises Ltd.                                                      | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     50000 | PA      | $50505.17     | 0.05%             | 2031-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WisdomTree, Inc.                                                        | WisdomTree, Inc.                                                                  | CUSIP: 97717PAJ3<br>LEI: 549300WIU8IS7UFO7871 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21840.00     | 0.02%             | 2030-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                         | Citigroup, Inc.                                                                   | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    275000 | PA      | $271939.29    | 0.28%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Akamai Technologies, Inc.                                               | Akamai Technologies, Inc.                                                         | CUSIP: 00971TAL5<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | DBT              | CORP              | US        |     54000 | PA      | $62694.00     | 0.07%             | 2027-09-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Pertamina Hulu Energi PT                                                | Pertamina Hulu Energi PT                                                          | CUSIP: 74448WAA2<br>LEI: 2549003IT1KDHL64C037 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $200664.93    | 0.21%             | 2030-05-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Republic of Turkiye (The)                                               | Turkiye Government Bond                                                           | CUSIP: 900123DJ6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $218471.08    | 0.23%             | 2030-07-13      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| QXO Building Products, Inc.                                             | QXO Building Products, Inc.                                                       | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132712.58    | 0.14%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                            | Oracle Corp.                                                                      | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57836.15     | 0.06%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Phoenix Guarantor, Inc.                                                 | Phoenix Guarantor, Inc., First Lien, CME Term Loan, B5                            | CUSIP: 71913BAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    117609 | PA      | $117793.06    | 0.12%             | 2031-02-21      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| SF Abs Issuer LLC                                                       | SF ABS Issuer LLC, Series 2025-1A, Class A2                                       | CUSIP: 784193AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    208000 | PA      | $203961.22    | 0.21%             | 2055-11-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Meritage Homes Corp.                                                    | Meritage Homes Corp.                                                              | CUSIP: 59001ABF8<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |     42000 | PA      | $40656.00     | 0.04%             | 2028-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2020-167, Class PI                                                   | CUSIP: 38382LDU2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2163616 | PA      | $495489.36    | 0.52%             | 2050-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Merit Medical Systems, Inc.                                             | Merit Medical Systems, Inc.                                                       | CUSIP: 589889AA2<br>LEI: 549300OYTY138SP2CE83 | Long             | DBT              | CORP              | US        |     24000 | PA      | $25716.00     | 0.03%             | 2029-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, Series 2012-127, Class BI                                                   | CUSIP: 3136A9C48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     80216 | PA      | $16207.30     | 0.02%             | 2042-11-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                                            | Ecopetrol SA                                                                      | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | NUSS              | CO        |    120000 | PA      | $106722.58    | 0.11%             | 2031-11-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Hashemite Kingdom of Jordan                                             | Jordan Government Bond                                                            | CUSIP: N/A<br>LEI: 5493000JZ4MYPVMBVN50       | Long             | DBT              | NUSS              | JO        |    200000 | PA      | $205644.76    | 0.21%             | 2029-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C10, Class B      | CUSIP: 61762MBZ3<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |    176224 | PA      | $167533.25    | 0.17%             | 2046-07-15      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| PPL Capital Funding, Inc.                                               | PPL Capital Funding, Inc.                                                         | CUSIP: 69352PAS2<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |     58000 | PA      | $68019.50     | 0.07%             | 2028-03-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                                | Benchmark Mortgage Trust, Series 2018-B6, Class B                                 | CUSIP: 08162CAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    103000 | PA      | $97927.12     | 0.10%             | 2051-10-10      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| Bausch + Lomb Corp.                                                     | Bausch + Lomb Corp., First Lien, 2025-2 Refinancing CME Term Loan                 | CUSIP: C0787FAL6<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    124094 | PA      | $124521.01    | 0.13%             | 2031-01-15      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                                                   | Global Payments, Inc.                                                             | CUSIP: 37940XAU6<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     53000 | PA      | $46801.71     | 0.05%             | 2031-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                                                    | Flutter Financing BV, First Lien, 2024 Refinancing CME Term Loan, B               | CUSIP: N3313EAG5<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |     63538 | PA      | $62997.43     | 0.07%             | 2030-12-02      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corp.                                                  | Filtration Group Corp., First Lien, 2025 Incremental Dollar CME Term Loan, B      | CUSIP: 31732FAX4<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |    103008 | PA      | $103168.66    | 0.11%             | 2028-10-23      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                                                | South Africa Government Bond                                                      | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $199415.83    | 0.21%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc                                                          | TransDigm, Inc., First Lien, CME Term Loan, N                                     | CUSIP: 89364MCG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     45349 | PA      | $45422.53     | 0.05%             | 2033-02-14      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| Jones Deslauriers Insurance Management, Inc.                            | Jones Deslauriers Insurance Management, Inc.                                      | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    115000 | PA      | $116986.97    | 0.12%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Alphabet, Inc.                                                          | Alphabet, Inc.                                                                    | CUSIP: 02079KAW7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    145000 | PA      | $144056.94    | 0.15%             | 2030-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Rain Carbon, Inc.                                                       | Rain Carbon, Inc.                                                                 | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25752.48     | 0.03%             | 2029-09-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                     | Medline Borrower LP                                                               | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241980.45    | 0.25%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions, Inc.                                                | Motorola Solutions, Inc.                                                          | CUSIP: 620076BY4<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136857.10    | 0.14%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AptarGroup, Inc.                                                        | AptarGroup, Inc.                                                                  | CUSIP: 038336AB9<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59495.36     | 0.06%             | 2031-03-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Outfront Media Capital LLC / Outfront Media Capital Corp.               | Outfront Media Capital LLC / Outfront Media Capital Corp.                         | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     44000 | PA      | $45904.23     | 0.05%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC                                           | White Cap Supply Holdings LLC, First Lien, CME Term Loan, C                       | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    170870 | PA      | $164740.64    | 0.17%             | 2029-10-19      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                        | CVS Health Corp.                                                                  | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113439.48    | 0.12%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC STACR Trust, Series 2018-HQA2, Class B2                                     | CUSIP: 35563XBE1<br>LEI: 5493005RUXPCBST1N217 | Long             | ABS-MBS          | CORP              | US        |    333000 | PA      | $404851.74    | 0.42%             | 2048-10-25      | Floating      | 14.78%                | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                    | Clear Channel Outdoor Holdings, Inc., First Lien, 2024 Refinancing CME Term Loan  | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |     55000 | PA      | $55220.00     | 0.06%             | 2028-08-23      | Variable      | 7.79%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                     | COMM Mortgage Trust, Series 2014-CR17, Class D                                    | CUSIP: 12631DAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    182000 | PA      | $154431.10    | 0.16%             | 2047-05-10      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| MKS, Inc.                                                               | MKS, Inc.                                                                         | CUSIP: 55306NAB0<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |     42000 | PA      | $69489.00     | 0.07%             | 2030-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Novelis Corp.                                                           | Novelis Corp.                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    113000 | PA      | $114067.96    | 0.12%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RR Donnelley & Sons Co.                                                 | RR Donnelley & Sons Co.                                                           | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177277.45    | 0.18%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                                                  | GSAA Home Equity Trust, Series 2006-8, Class 2A2                                  | CUSIP: 362348AS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    504940 | PA      | $101986.74    | 0.11%             | 2036-05-25      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Republic of Bulgaria                                                    | Bulgaria Government Bond                                                          | CUSIP: N/A<br>LEI: 529900PG0XCL4LICL838       | Long             | DBT              | NUSS              | BG        |     60000 | PA      | $58023.16     | 0.06%             | 2037-03-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |    329000 | PA      | $-16401.36    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| INEOS US Finance LLC                                                    | INEOS US Finance LLC, First Lien, 2030 Dollar CME Term Loan                       | CUSIP: G4768PAN1<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |     60000 | PA      | $52612.50     | 0.05%             | 2030-02-18      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| Illumina, Inc.                                                          | Illumina, Inc.                                                                    | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75017.93     | 0.08%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2024-32                                                              | CUSIP: 38381J2J5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3092335 | PA      | $158420.31    | 0.16%             | 2063-06-16      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| Guidewire Software, Inc.                                                | Guidewire Software, Inc.                                                          | CUSIP: 40171VAC4<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |     56000 | PA      | $55895.00     | 0.06%             | 2029-11-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                                | U.S. Treasury Bills                                                               | CUSIP: 912797SM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    100000 | PA      | $99778.49     | 0.10%             | 2026-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                    | Clear Channel Outdoor Holdings, Inc.                                              | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    170000 | PA      | $178025.36    | 0.19%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corp.                        | MPT Operating Partnership LP / MPT Finance Corp.                                  | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $157263.31    | 0.16%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC, Series 4945, Class SL                                                      | CUSIP: 3137FQNN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1310050 | PA      | $153526.93    | 0.16%             | 2050-01-25      | Floating      | 2.27%                 | No            |                  2 | On Loan: No      |
| BANK5 Trust                                                             | BANK5 Trust, Series 2024-5YR12, Class XA                                          | CUSIP: 06644XBM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4354488 | PA      | $72466.30     | 0.08%             | 2057-12-15      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                               | Sunoco LP                                                                         | CUSIP: 86765KAN9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19707.92     | 0.02%             | 2034-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Uber Technologies, Inc.                                                 | Uber Technologies, Inc., Series 2028                                              | CUSIP: 90353TAM2<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     58000 | PA      | $69846.50     | 0.07%             | 2028-12-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    719000 | PA      | $37710.80     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| JBT Marel Corp.                                                         | JBT Marel Corp.                                                                   | CUSIP: 477839AD6<br>LEI: 5493007CT6ATBZ2L6826 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20401.50     | 0.02%             | 2030-09-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Crocs, Inc.                                                             | Crocs, Inc.                                                                       | CUSIP: 227046AB5<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |    170000 | PA      | $153135.69    | 0.16%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PG&E Corp.                                                              | PG&E Corp.                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    275000 | PA      | $271513.58    | 0.28%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Compass, Inc.                                                           | Compass, Inc.                                                                     | CUSIP: 20464UAA8<br>LEI: 254900DMGQSTC3I2IM78 | Long             | DBT              | CORP              | US        |     30000 | PA      | $25185.00     | 0.03%             | 2031-04-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |  18232000 | PA      | $78829.94     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of North Macedonia                                             | North Macedonia Government Bond                                                   | CUSIP: N/A<br>LEI: 635400RD1N6RVNCE4958       | Long             | DBT              | NUSS              | MK        |    140000 | PA      | $153809.01    | 0.16%             | 2034-01-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Kinetik Holdings LP                                                     | Kinetik Holdings LP                                                               | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    265000 | PA      | $266129.96    | 0.28%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Halozyme Therapeutics, Inc.                                             | Halozyme Therapeutics, Inc.                                                       | CUSIP: 40637HAF6<br>LEI: 529900242I3SV9AGM753 | Long             | DBT              | CORP              | US        |     42000 | PA      | $53844.00     | 0.06%             | 2028-08-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     80000 | PA      | $428.09       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial Metals Co.                                                   | Commercial Metals Co.                                                             | CUSIP: 201723AR4<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    158000 | PA      | $146249.73    | 0.15%             | 2032-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   2745000 | PA      | $27628.08     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                                                      | A&D Mortgage Trust, Series 2024-NQM1, Class A1                                    | CUSIP: 00039GAA7<br>LEI: 984500E3BD374F778L95 | Long             | ABS-MBS          | CORP              | US        |     90193 | PA      | $90653.15     | 0.09%             | 2069-02-25      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   3171600 | PA      | $75731.84     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Proofpoint, Inc.                                                        | Proofpoint, Inc., First Lien, 2024 Refinancing CME Term Loan                      | CUSIP: 74345HAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    136155 | PA      | $132014.15    | 0.14%             | 2028-08-31      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.                                         | Sinclair Television Group, Inc.                                                   | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162800.00    | 0.17%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                                          | NCL Corp. Ltd.                                                                    | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    120000 | PA      | $116524.01    | 0.12%             | 2033-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Rivers Enterprise Borrower LLC                                          | Rivers Enterprise Borrower LLC                                                    | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $39922.45     | 0.04%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                                   | United Airlines, Inc.                                                             | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    147000 | PA      | $144321.50    | 0.15%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Liberty Energy, Inc.                                                    | Liberty Energy, Inc.                                                              | CUSIP: 53115LAA2<br>LEI: 254900PKFJW6RILDCM60 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21930.00     | 0.02%             | 2031-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                          | Morgan Stanley                                                                    | CUSIP: 61748UAS1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59008.50     | 0.06%             | 2032-01-16      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2016-H24, Class CI                                                   | CUSIP: 38376RF35<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    338990 | PA      | $8922.54      | 0.01%             | 2066-10-20      | Variable      | 1.70%                 | No            |                  2 | On Loan: No      |
| Romania                                                                 | Romania Government Bond                                                           | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |    270000 | PA      | $300640.36    | 0.31%             | 2036-02-22      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                                      | Venture Global Plaquemines LNG LLC                                                | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $16496.84     | 0.02%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Bridgebio Pharma, Inc.                                                  | Bridgebio Pharma, Inc.                                                            | CUSIP: 10806XAK8<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8938.80      | 0.01%             | 2033-02-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2012-146                                                             | CUSIP: 38378GNB0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    331459 | PA      | $68649.83     | 0.07%             | 2042-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burlington Stores, Inc.                                                 | Burlington Stores, Inc.                                                           | CUSIP: 122017AD8<br>LEI: 5299003Z37DVGKKC1W09 | Long             | DBT              | CORP              | US        |     22000 | PA      | $36410.00     | 0.04%             | 2027-12-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Serbia International Bond                                               | Serbia Government Bond                                                            | CUSIP: N/A<br>LEI: 254900W94OCY91V32O78       | Long             | DBT              | NUSS              | RS        |    260000 | PA      | $265522.41    | 0.28%             | 2028-05-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Airbnb, Inc.                                                            | Airbnb, Inc.                                                                      | CUSIP: 009066AD3<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44917.49     | 0.05%             | 2031-03-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Ionis Pharmaceuticals, Inc.                                             | Ionis Pharmaceuticals, Inc.                                                       | CUSIP: 462222AG5<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | DBT              | CORP              | US        |    120000 | PA      | $125325.00    | 0.13%             | 2030-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1160000 | PA      | $55970.69     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                                | Benchmark Mortgage Trust, Series 2026-V21, Class AS                               | CUSIP: 08164HBB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    213000 | PA      | $215681.86    | 0.22%             | 2031-03-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     27000 | PA      | $1189.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA Multi-family Connecticut Avenue Securities Trust, Series 2019-01, Class M10  | CUSIP: 62547NAB5<br>LEI: 549300HG8ZEWVWVSN227 | Long             | ABS-MBS          | CORP              | US        |    251310 | PA      | $255400.79    | 0.27%             | 2049-10-25      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Avient Corp.                                                            | Avient Corp.                                                                      | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25195.60     | 0.03%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Raizen Fuels Finance SA                                                 | Raizen Fuels Finance SA                                                           | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $111000.00    | 0.12%             | 2032-07-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Republic of Uzbekistan International Bond                               | Uzbekistan Government Bond                                                        | CUSIP: N/A<br>LEI: 213800L6VDKUM3TCM927       | Long             | DBT              | NUSS              | UZ        |    200000 | PA      | $209058.22    | 0.22%             | 2032-02-28      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                         | TransDigm, Inc.                                                                   | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40554.20     | 0.04%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Endo Finance Holdings LP                                                | Endo Finance Holdings LP, First Lien, 2024 Refinancing CME Term Loan              | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    109171 | PA      | $108761.46    | 0.11%             | 2031-04-23      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                                                       | EMRLD Borrower LP, First Lien, Second Amendment Incremental CME Term Loan         | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    113541 | PA      | $113481.65    | 0.12%             | 2031-08-04      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                         | TransDigm, Inc., First Lien, CME Term Loan, J                                     | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     83304 | PA      | $83408.68     | 0.09%             | 2031-02-28      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2016-H24, Class JI                                                   | CUSIP: 38376RG26<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    532767 | PA      | $34150.88     | 0.04%             | 2066-11-20      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| VRTX Trust                                                              | VRTX Trust, Series 2025-HQ, Class C                                               | CUSIP: 91835XAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    174000 | PA      | $173739.90    | 0.18%             | 2042-08-05      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Rubrik, Inc.                                                            | Rubrik, Inc.                                                                      | CUSIP: 781154AC3<br>LEI: 254900TRGK2WTBYMYU27 | Long             | DBT              | CORP              | US        |     37000 | PA      | $31977.25     | 0.03%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2021-156                                                             | CUSIP: 38383AQC1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2606050 | PA      | $492623.79    | 0.51%             | 2051-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                     | COMM Mortgage Trust, Series 2015-CR27, Class C                                    | CUSIP: 12635QBL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5975 | PA      | $5727.50      | 0.01%             | 2048-10-10      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| Republic of Cameroon International Bond                                 | Cameroon Government Bond                                                          | CUSIP: N/A<br>LEI: 54930021BO6NHYGBBV24       | Long             | DBT              | NUSS              | CM        |    190000 | PA      | $189947.28    | 0.20%             | 2032-07-07      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CD Mortgage Trust                                                       | CD Mortgage Trust, Series 2017-CD4, Class B                                       | CUSIP: 12515DAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    243000 | PA      | $222900.69    | 0.23%             | 2050-05-10      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2015-H10, Class BI                                                   | CUSIP: 38376RAE6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    386195 | PA      | $18077.40     | 0.02%             | 2065-04-20      | Variable      | 2.73%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment, Inc.                                         | Live Nation Entertainment, Inc.                                                   | CUSIP: 538034BA6<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |     21000 | PA      | $31951.50     | 0.03%             | 2029-01-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| WaMu Asset-Backed Certificates Trust                                    | WaMu Asset-Backed Certificates Trust, Series 2006-HE2, Class A3                   | CUSIP: 93934JAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    321633 | PA      | $254483.42    | 0.26%             | 2036-05-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |    608700 | PA      | $1612.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    132000 | PA      | $8691.87      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                     | Citigroup Commercial Mortgage Trust, Series 2015-GC33, Class D                    | CUSIP: 29425AAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     63000 | PA      | $38745.00     | 0.04%             | 2058-09-10      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                     | Medline Borrower LP, First Lien, 2028 Refinancing CME Term Loan                   | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |     19636 | PA      | $19687.21     | 0.02%             | 2028-10-23      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                    | BBCMS Mortgage Trust, Series 2022-C14, Class XA                                   | CUSIP: 07336AAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2884147 | PA      | $86345.00     | 0.09%             | 2055-02-15      | Variable      | 0.68%                 | No            |                  2 | On Loan: No      |
| Republic of El Salvador                                                 | El Salvador Government Bond                                                       | CUSIP: N/A<br>LEI: 529900AKDMUSFSDOM949       | Long             | DBT              | NUSS              | SV        |    100000 | PA      | $104399.00    | 0.11%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2020-97, Class QS                                                    | CUSIP: 38382GXV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1802523 | PA      | $241541.11    | 0.25%             | 2050-07-20      | Floating      | 2.36%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2018-H05, Class BI                                                   | CUSIP: 38380LAD5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1028850 | PA      | $42873.19     | 0.04%             | 2068-02-20      | Variable      | 1.74%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2017-26, Class MI                                                    | CUSIP: 38380CH71<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    631879 | PA      | $116055.30    | 0.12%             | 2039-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                              | JPMBB Commercial Mortgage Securities Trust, Series 2014-C18, Class D              | CUSIP: 46641JAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    152000 | PA      | $139255.41    | 0.14%             | 2047-02-15      | Variable      | 4.47%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |  19389000 | PA      | $2705.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | OIS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   3148000 | PA      | $-5427.57     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United Rentals North America, Inc.                                      | United Rentals North America, Inc.                                                | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     51000 | PA      | $48480.37     | 0.05%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC, Series 5002, Class SJ                                                      | CUSIP: 3137FUAM6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1699477 | PA      | $198257.81    | 0.21%             | 2050-07-25      | Floating      | 2.32%                 | No            |                  2 | On Loan: No      |
| Kedrion SpA                                                             | Kedrion SpA                                                                       | CUSIP: 49272YAB9<br>LEI: 81560047FA58E1BEDF67 | Long             | DBT              | CORP              | IT        |    295000 | PA      | $286057.49    | 0.30%             | 2029-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC, Series 4105, Class HI                                                      | CUSIP: 3137AUD48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     99186 | PA      | $4357.50      | 0.00%             | 2041-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, Series 2017-32, Class SA                                                    | CUSIP: 3136AWLE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1991718 | PA      | $214184.15    | 0.22%             | 2047-05-25      | Floating      | 2.37%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-6.26        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chobani LLC / Chobani Finance Corp., Inc.                               | Chobani LLC / Chobani Finance Corp., Inc.                                         | CUSIP: 17027NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $117657.31    | 0.12%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                        | NRG Energy, Inc.                                                                  | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    230000 | PA      | $232021.05    | 0.24%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2017-H06, Class BI                                                   | CUSIP: 38376RV78<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    478861 | PA      | $17052.47     | 0.02%             | 2067-02-20      | Variable      | 2.41%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd.                                              | AAdvantage Loyalty IP Ltd., First Lien, 2025 Incremental CME Term Loan            | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      9925 | PA      | $9851.80      | 0.01%             | 2032-05-28      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| PK Alift Loan Funding 7 LP                                              | PK Alift Loan Funding 7 LP, Series 2025-2, Class A                                | CUSIP: 69291NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235871 | PA      | $235052.02    | 0.24%             | 2043-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    442000 | PA      | $-1370.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                             | Capital One Financial Corp.                                                       | CUSIP: 14040HDM4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83481.91     | 0.09%             | 2031-09-11      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    261000 | PA      | $4272.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1311400 | PA      | $9744.42      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MAD Commercial Mortgage Trust                                           | MAD Commercial Mortgage Trust, Series 2025-11MD, Class D                          | CUSIP: 55616AAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140000 | PA      | $142397.53    | 0.15%             | 2042-10-15      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC, Series 5349, Class IB                                                      | CUSIP: 3137HANZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1280224 | PA      | $267757.83    | 0.28%             | 2046-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                                       | Clarios Global LP, First Lien, Amendment No. 6 Dollar CME Term Loan               | CUSIP: C8000CAP8<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |     35298 | PA      | $35253.50     | 0.04%             | 2032-01-28      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Euro-Bobl                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |       -12 | NC      | $23281.89     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-6480.20     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | OIS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   2115000 | PA      | $-20631.90    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| McCormick & Co., Inc.                                                   | McCormick & Co., Inc.                                                             | CUSIP: 579780AV9<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34667.08     | 0.04%             | 2029-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC, Series 5134, Class IC                                                      | CUSIP: 3137H1X68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2360721 | PA      | $463949.39    | 0.48%             | 2051-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC / CCO Holdings Capital Corp.                           | CCO Holdings LLC / CCO Holdings Capital Corp.                                     | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $226240.50    | 0.24%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA Connecticut Avenue Securities Trust, Series 2020-SBT1, Class 1M2             | CUSIP: 20753VBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    276000 | PA      | $282330.75    | 0.29%             | 2040-02-25      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| TIAA Real Estate CDO Ltd.                                               | TIAA Real Estate CDO Ltd., Series 2003-1A, Class E                                | CUSIP: 88631FAA6<br>LEI: 5493005Y5RSPJ6PO8N21 | Long             | ABS-CBDO         | CORP              | KY        |    472775 | PA      | $56.12        | 0.00%             | 2038-12-28      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC, Series 4077, Class IK                                                      | CUSIP: 3137ASB78<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    199763 | PA      | $41447.81     | 0.04%             | 2042-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Microchip Technology, Inc.                                              | Microchip Technology, Inc.                                                        | CUSIP: 595017BM5<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    122000 | PA      | $119224.50    | 0.12%             | 2030-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class C      | CUSIP: 61690FAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    163000 | PA      | $142480.83    | 0.15%             | 2048-04-15      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                                           | Uniform Mortgage-Backed Securities                                                | CUSIP: 01F042640<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5500000 | PA      | $5308820.22   | 5.52%             | 2056-04-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2015-64, Class YI                                                    | CUSIP: 38379PE94<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    259898 | PA      | $37249.27     | 0.04%             | 2044-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp.                                                  | ON Semiconductor Corp.                                                            | CUSIP: 682189AU9<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |     33000 | PA      | $32340.00     | 0.03%             | 2029-03-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |    137100 | PA      | $15517.57     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Power Co.                                                      | Southern Power Co., Series A                                                      | CUSIP: 843646AX8<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44437.68     | 0.05%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-11411.32    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Investments II Trust                          | Structured Asset Mortgage Investments II Trust, Series 2007-AR1, Class 2A1        | CUSIP: 86362XAP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    152892 | PA      | $139427.85    | 0.15%             | 2037-01-25      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2016-H09, Class BI                                                   | CUSIP: 38376RTH9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    673602 | PA      | $26238.84     | 0.03%             | 2066-04-20      | Variable      | 2.60%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                                       | Eversource Energy                                                                 | CUSIP: 30040WAT5<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132152.22    | 0.14%             | 2028-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                                           | Uniform Mortgage-Backed Securities                                                | CUSIP: 01F050643<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -4500000 | PA      | $-4438624.59  | -4.62%            | 2056-04-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LSTAR Commercial Mortgage Trust                                         | LSTAR Commercial Mortgage Trust, Series 2017-5, Class A5                          | CUSIP: 54910TAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $237816.31    | 0.25%             | 2050-03-10      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Transnet SOC Ltd.                                                       | Transnet SOC Ltd.                                                                 | CUSIP: N/A<br>LEI: 378900B07CD6F01EA796       | Long             | DBT              | CORP              | ZA        |    200000 | PA      | $207154.21    | 0.22%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        | -18232000 | PA      | $-34126.74    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Terex Corp.                                                             | Terex Corp.                                                                       | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65483.81     | 0.07%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MortgageIT Trust                                                        | MortgageIT Trust, Series 2005-3, Class M2                                         | CUSIP: 61915RAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     18371 | PA      | $18053.28     | 0.02%             | 2035-08-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                                      | Venture Global Plaquemines LNG LLC                                                | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26076.98     | 0.03%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp.                                                      | Ares Capital Corp.                                                                | CUSIP: 04010LBE2<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    270000 | PA      | $273714.52    | 0.28%             | 2027-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | OIS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |  55216000 | PA      | $409334.16    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                                               | Banijay Entertainment SAS, First Lien, CME Term Loan, B3                          | CUSIP: F6456UAE3<br>LEI: 5493008PW5N0VVCH7279 | Long             | LON              | CORP              | FR        |     44418 | PA      | $44570.78     | 0.05%             | 2028-03-01      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2018-94, Class AI                                                    | CUSIP: 38380XSS7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    851673 | PA      | $174895.50    | 0.18%             | 2048-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    971300 | PA      | $26369.43     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                   | Wells Fargo Commercial Mortgage Trust, Series 2015-C31, Class D                   | CUSIP: 94989WBB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     74000 | PA      | $67141.72     | 0.07%             | 2048-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                                        | GE HealthCare Technologies, Inc.                                                  | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136250.08    | 0.14%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Toll Brothers Finance Corp.                                             | Toll Brothers Finance Corp.                                                       | CUSIP: 88947EAU4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $141161.68    | 0.15%             | 2029-11-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics, Inc.                                                 | Qnity Electronics, Inc.                                                           | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20247.74     | 0.02%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Paradigm Parent LLC                                                     | Paradigm Parent LLC, First Lien, Initial CME Term Loan                            | CUSIP: 69902BAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     59850 | PA      | $49675.19     | 0.05%             | 2032-04-16      | Variable      | 8.17%                 | No            |                  2 | On Loan: No      |
| IQVIA, Inc.                                                             | IQVIA, Inc.                                                                       | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    155000 | PA      | $157594.86    | 0.16%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2018-127, Class IC                                                   | CUSIP: 38380YYA7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    648061 | PA      | $125927.96    | 0.13%             | 2044-10-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republic of Chile                                                       | Chile Government Bond                                                             | CUSIP: 168863EB0<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $202650.00    | 0.21%             | 2029-01-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                   | Targa Resources Corp.                                                             | CUSIP: 87612GAT8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48963.12     | 0.05%             | 2031-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Deep Blue Operating I LLC                                               | Deep Blue Operating I LLC, First Lien, Initial CME Term Loan                      | CUSIP: 24369TAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     25855 | PA      | $25984.48     | 0.03%             | 2032-10-01      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2020-63, Class AS                                                    | CUSIP: 38382FGR9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1428958 | PA      | $160625.28    | 0.17%             | 2043-08-20      | Floating      | 2.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $4687.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                     | COMM Mortgage Trust, Series 2015-CR22, Class B                                    | CUSIP: 12592XBG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    105132 | PA      | $101038.79    | 0.11%             | 2048-03-10      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $14.95        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC STACR REMIC Trust, Series 2020-DNA4, Class B2                               | CUSIP: 35565XBE9<br>LEI: 5493000ITFTMJUMPDE35 | Long             | ABS-MBS          | CORP              | US        |    135000 | PA      | $178531.13    | 0.19%             | 2050-08-25      | Floating      | 13.78%                | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2021-98, Class SK                                                    | CUSIP: 38382TD27<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1364726 | PA      | $182585.08    | 0.19%             | 2051-06-20      | Floating      | 2.51%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    292000 | PA      | $3086.44      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                                | Benchmark Mortgage Trust, Series 2018-B1, Class D                                 | CUSIP: 08162PAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    284000 | PA      | $111721.51    | 0.12%             | 2051-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PRET LLC                                                                | PRET LLC, Series 2026-NPL1, Class A1                                              | CUSIP: 69383TAA6<br>LEI: 2549002NGM9N1GT2FK83 | Long             | ABS-MBS          | CORP              | US        |     98429 | PA      | $97705.44     | 0.10%             | 2056-01-25      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                               | Ford Motor Credit Co. LLC                                                         | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201150.64    | 0.21%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance, Inc.                                   | Jane Street Group / JSG Finance, Inc.                                             | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    265000 | PA      | $269048.67    | 0.28%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                                           | Smyrna Ready Mix Concrete LLC, First Lien, 2025 CME Term Loan                     | CUSIP: 83283EAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     14540 | PA      | $14552.04     | 0.02%             | 2029-03-30      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| Gabonese Republic                                                       | Gabon Government Bond                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | GA        |    230000 | PA      | $192656.56    | 0.20%             | 2031-02-06      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DoorDash, Inc.                                                          | DoorDash, Inc.                                                                    | CUSIP: 25809KAA3<br>LEI: 549300NUQ43FGGSK5051 | Long             | DBT              | CORP              | US        |     61000 | PA      | $55693.00     | 0.06%             | 2030-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp.                                                  | Freedom Mortgage Corp.                                                            | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    225000 | PA      | $242936.33    | 0.25%             | 2030-10-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| First Eagle Holdings, Inc.                                              | First Eagle Holdings, Inc., First Lien, Initial CME Term Loan                     | CUSIP: 32009UAD9<br>LEI: 549300ZKYR56QRODD510 | Long             | LON              | CORP              | US        |    119284 | PA      | $117793.32    | 0.12%             | 2032-08-16      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| Post Holdings, Inc.                                                     | Post Holdings, Inc.                                                               | CUSIP: 737446AT1<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     45000 | PA      | $48802.50     | 0.05%             | 2027-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Industrial F&B Investments III, Inc.                                    | Industrial F&B Investments III, Inc.                                              | CUSIP: 456142AA6<br>LEI: 254900VSX7CEW7CNTO51 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30337.59     | 0.03%             | 2033-02-11      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Pound Sterling                                                          | Pound Sterling                                                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | GB        |    -11049 | OU      | $-14624.71    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream Operations LP                                            | Hess Midstream Operations LP                                                      | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     51000 | PA      | $50621.13     | 0.05%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | OIS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    948000 | PA      | $1707.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pharmacia LLC                                                           | Pharmacia LLC                                                                     | CUSIP: 71713UAW2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $301547.80    | 0.31%             | 2028-12-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                            | GS Mortgage Securities Trust, Series 2013-GC13, Class AS                          | CUSIP: 36198EAP0<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |     65838 | PA      | $65359.32     | 0.07%             | 2046-07-10      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                                      | Venture Global Plaquemines LNG LLC                                                | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42392.08     | 0.04%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Repligen Corp.                                                          | Repligen Corp.                                                                    | CUSIP: 759916AD1<br>LEI: 54930006QJ0T5AUO1E71 | Long             | DBT              | CORP              | US        |     48000 | PA      | $46896.00     | 0.05%             | 2028-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1160000 | PA      | $51721.61     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon US Capital LLC                                                   | Haleon US Capital LLC                                                             | CUSIP: 36264FAL5<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243313.86    | 0.25%             | 2029-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                                             | Beach Acquisition Bidco LLC                                                       | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    210809 | PA      | $224668.07    | 0.23%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3205.74     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    303600 | PA      | $41168.85     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hercules Capital, Inc.                                                  | Hercules Capital, Inc.                                                            | CUSIP: 427096AL6<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20391.00     | 0.02%             | 2028-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $14.77        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Alternative Loan Trust                                                  | Alternative Loan Trust, Series 2006-OA10, Class 4A1                               | CUSIP: 02146QAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    719576 | PA      | $642080.05    | 0.67%             | 2046-08-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-0.88        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                                         | CFCRE Commercial Mortgage Trust, Series 2016-C7, Class A3                         | CUSIP: 12532BAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    234000 | PA      | $232629.04    | 0.24%             | 2054-12-10      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                                               | Banijay Entertainment SAS                                                         | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    210000 | PA      | $216541.92    | 0.23%             | 2029-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2016-H22, Class AI                                                   | CUSIP: 38376RC87<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    424401 | PA      | $22314.98     | 0.02%             | 2066-10-20      | Variable      | 2.74%                 | No            |                  2 | On Loan: No      |
| Boyd Gaming Corp.                                                       | Boyd Gaming Corp.                                                                 | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    130000 | PA      | $123716.97    | 0.13%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-8822.76     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.                                     | Hilton Domestic Operating Co., Inc.                                               | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114571.63    | 0.12%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bloom Energy Corp.                                                      | Bloom Energy Corp.                                                                | CUSIP: 093712AN7<br>LEI: 549300XB5J9BFW5JXV97 | Long             | DBT              | CORP              | US        |     61000 | PA      | $65105.30     | 0.07%             | 2030-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Standard Building Solutions, Inc.                                       | Standard Building Solutions, Inc.                                                 | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80112.16     | 0.08%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |    133000 | PA      | $10156.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     81200 | PA      | $6766.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                               | Towd Point Mortgage Trust, Series 2019-2, Class A2                                | CUSIP: 89177JAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    202000 | PA      | $183078.84    | 0.19%             | 2058-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Eagle Funding Luxco SARL                                                | Eagle Funding Luxco SARL                                                          | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |    280000 | PA      | $281820.00    | 0.29%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                              | JPMBB Commercial Mortgage Securities Trust, Series 2013-C12, Class D              | CUSIP: 46639NAX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140000 | PA      | $133269.07    | 0.14%             | 2045-07-15      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                            | New York Life Global Funding                                                      | CUSIP: 64952WFD0<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136737.63    | 0.14%             | 2028-06-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    430000 | PA      | $169150.85    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                                     | Kinder Morgan, Inc.                                                               | CUSIP: 494553AD2<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    165000 | PA      | $167514.44    | 0.17%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment, Inc.                                         | Live Nation Entertainment, Inc.                                                   | CUSIP: 538034BC2<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |     47000 | PA      | $50760.00     | 0.05%             | 2030-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                   | Targa Resources Corp.                                                             | CUSIP: 87612GAE1<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    130000 | PA      | $135462.81    | 0.14%             | 2029-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |    600000 | PA      | $43546.78     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                                           | Smyrna Ready Mix Concrete LLC                                                     | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    255000 | PA      | $263153.63    | 0.27%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $34.76        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2017-H09                                                             | CUSIP: 38375UZV5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    849203 | PA      | $24744.93     | 0.03%             | 2067-04-20      | Variable      | 1.86%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp.                                                          | Amphenol Corp.                                                                    | CUSIP: 032095AX9<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74459.06     | 0.08%             | 2028-11-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics, Inc.                                                 | Qnity Electronics, Inc.                                                           | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35085.44     | 0.04%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III BV                          | Teva Pharmaceutical Finance Netherlands III BV                                    | CUSIP: 88167AAR2<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    249000 | PA      | $278673.33    | 0.29%             | 2031-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma plc                                                      | Royalty Pharma plc                                                                | CUSIP: 78081BAT0<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    160000 | PA      | $158077.36    | 0.16%             | 2031-03-25      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                   | Bank of America Corp., Series L                                                   | CUSIP: 06051GGC7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134579.79    | 0.14%             | 2027-11-25      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd.                                                     | Viking Cruises Ltd.                                                               | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    105000 | PA      | $110825.40    | 0.12%             | 2031-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    111000 | PA      | $-52255.67    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2014-76                                                              | CUSIP: 38379B6E3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    196952 | PA      | $39997.14     | 0.04%             | 2044-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republic of Angola                                                      | Angola Government Bond                                                            | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    220000 | PA      | $213909.94    | 0.22%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, Series 2018-38, Class SA                                                    | CUSIP: 3136B1S47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1323992 | PA      | $154010.58    | 0.16%             | 2048-06-25      | Floating      | 2.42%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                                       | Philip Morris International, Inc.                                                 | CUSIP: 718172DA4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    270000 | PA      | $275564.10    | 0.29%             | 2030-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Coinbase Global, Inc.                                                   | Coinbase Global, Inc.                                                             | CUSIP: 19260QAJ6<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |     30000 | PA      | $24127.50     | 0.03%             | 2032-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd.                                                     | Viking Cruises Ltd.                                                               | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    125000 | PA      | $131935.00    | 0.14%             | 2031-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-173.75      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                        | Amazon.com, Inc.                                                                  | CUSIP: 023135CT1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64265.20     | 0.07%             | 2030-11-20      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| VEGAS                                                                   | VEGAS, Series 2024-GCS, Class D                                                   | CUSIP: 92254BAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     99000 | PA      | $98684.39     | 0.10%             | 2036-07-10      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                                | Benchmark Mortgage Trust, Series 2024-V11, Class XA                               | CUSIP: 081921BA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6573707 | PA      | $122338.00    | 0.13%             | 2057-11-15      | Variable      | 0.56%                 | No            |                  2 | On Loan: No      |
| Republic of Costa Rica                                                  | Costa Rica Government Bond                                                        | CUSIP: N/A<br>LEI: 549300S1EK2VN6XVJP58       | Long             | DBT              | NUSS              | CR        |    200000 | PA      | $204894.00    | 0.21%             | 2031-02-19      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                            | Pacific Gas and Electric Co.                                                      | CUSIP: 694308KL0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    130000 | PA      | $134562.26    | 0.14%             | 2029-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Braskem Idesa SAPI                                                      | Braskem Idesa SAPI                                                                | CUSIP: N/A<br>LEI: YH0V7ZHY352ITDGEYB83       | Long             | DBT              | CORP              | MX        |    200000 | PA      | $121730.36    | 0.13%             | 2029-11-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.                               | Seagate Data Storage Technology Pte. Ltd.                                         | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     92000 | PA      | $102330.04    | 0.11%             | 2032-12-01      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Stonex Escrow Issuer LLC                                                | Stonex Escrow Issuer LLC                                                          | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $65736.26     | 0.07%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                         | Madison IAQ LLC, First Lien, Initial CME Term Loan                                | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2028-06-21      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Arcosa, Inc.                                                            | Arcosa, Inc.                                                                      | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30762.39     | 0.03%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                                | Celanese US Holdings LLC                                                          | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4178.74      | 0.00%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                                    | Colombia Government Bond                                                          | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    273000 | PA      | $286387.92    | 0.30%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                                  | XHR LP                                                                            | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111194.05    | 0.12%             | 2030-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| F&G Annuities & Life, Inc.                                              | F&G Annuities & Life, Inc.                                                        | CUSIP: 30190AAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $132379.77    | 0.14%             | 2028-01-13      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                      | T-Mobile USA, Inc.                                                                | CUSIP: 87264ACA1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    145000 | PA      | $139136.32    | 0.14%             | 2028-02-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| OAK-Eagle Acquireco, Inc.                                               | OAK-Eagle Acquireco, Inc.                                                         | CUSIP: 67124CAB9<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41901.87     | 0.04%             | 2034-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Chefs' Warehouse, Inc. (The)                                            | Chefs' Warehouse, Inc. (The)                                                      | CUSIP: 163086AE1<br>LEI: 549300JYEDC8C547E980 | Long             | DBT              | CORP              | US        |     26000 | PA      | $38454.00     | 0.04%             | 2028-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                                           | Lendbuzz Securitization Trust, Series 2026-1A, Class D                            | CUSIP: 525952AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     73661 | PA      | $74293.11     | 0.08%             | 2033-02-15      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                                              | AT&T, Inc.                                                                        | CUSIP: 00206RGL0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    275000 | PA      | $273736.23    | 0.28%             | 2028-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-54.53       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                          | Morgan Stanley Capital I Trust, Series 2016-UB11, Class C                         | CUSIP: 61767FBF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    192000 | PA      | $189595.64    | 0.20%             | 2049-08-15      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   2121400 | PA      | $486359.11    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA Multi-family Connecticut Avenue Securities Trust, Series 2020-01, Class M10  | CUSIP: 62548QAD3<br>LEI: 5493002KQF9IH3CTQZ40 | Long             | ABS-MBS          | CORP              | US        |    462602 | PA      | $470526.60    | 0.49%             | 2050-03-25      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                                 | GA Global Funding Trust                                                           | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149096.79    | 0.16%             | 2027-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP / Hilcorp Finance Co.                               | Hilcorp Energy I LP / Hilcorp Finance Co.                                         | CUSIP: 431318BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $249637.38    | 0.26%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Republic of Cote d'Ivoire                                               | Ivory Coast Government Bond                                                       | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |    300000 | PA      | $324037.10    | 0.34%             | 2032-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |      3000 | PA      | $66.31        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FMC Corp.                                                               | FMC Corp.                                                                         | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |     65000 | PA      | $41909.38     | 0.04%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA Connecticut Avenue Securities Trust, Series 2020-SBT1, Class 1B1             | CUSIP: 20753VBT4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $521465.80    | 0.54%             | 2040-02-25      | Floating      | 10.53%                | No            |                  2 | On Loan: No      |
| Republic of Turkiye (The)                                               | Turkiye Government Bond                                                           | CUSIP: 900123DJ6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $218471.08    | 0.23%             | 2030-07-13      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| Gabx Leasing LLC                                                        | Gabx Leasing LLC                                                                  | CUSIP: 36274FAA7<br>LEI: 25490085PXP0WGRIRI44 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98610.76     | 0.10%             | 2031-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2017-H16, Class IG                                                   | CUSIP: 38375UF88<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    812926 | PA      | $20487.37     | 0.02%             | 2067-07-20      | Variable      | 1.79%                 | No            |                  2 | On Loan: No      |
| Genmab A/S / Genmab Finance LLC                                         | Genmab A/S / Genmab Finance LLC                                                   | CUSIP: 37230JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |    200000 | PA      | $205191.40    | 0.21%             | 2032-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Dexcom, Inc.                                                            | Dexcom, Inc.                                                                      | CUSIP: 252131AM9<br>LEI: 549300YSK3QDSFR5EU59 | Long             | DBT              | CORP              | US        |     74000 | PA      | $68246.50     | 0.07%             | 2028-05-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Mirion Technologies, Inc.                                               | Mirion Technologies, Inc.                                                         | CUSIP: 60471AAC5<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33337.50     | 0.03%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cipher Compute LLC                                                      | Cipher Compute LLC                                                                | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $36304.77     | 0.04%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                   | Bank of America Corp.                                                             | CUSIP: 06051GLC1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    285000 | PA      | $292863.61    | 0.30%             | 2028-11-10      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2223.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Graham Packaging Co., Inc.                                              | Graham Packaging Co., Inc., First Lien, Initial CME Term Loan                     | CUSIP: 38469EAH6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     16741 | PA      | $16598.10     | 0.02%             | 2033-01-26      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                                           | Uniform Mortgage-Backed Securities                                                | CUSIP: 01F052649<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $5023810.80   | 5.23%             | 2056-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |    124000 | PA      | $7045.62      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                        | NRG Energy, Inc.                                                                  | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104107.72    | 0.11%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2013-H08, Class CI                                                   | CUSIP: 38375BM66<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    447356 | PA      | $15215.49     | 0.02%             | 2063-02-20      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| Alnylam Pharmaceuticals, Inc.                                           | Alnylam Pharmaceuticals, Inc.                                                     | CUSIP: 02043QAB3<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |     12000 | PA      | $15408.00     | 0.02%             | 2027-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| First Horizon Alternative Mortgage Securities Trust                     | First Horizon Alternative Mortgage Securities Trust, Series 2006-AA6, Class 2A1   | CUSIP: 32052MAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191798 | PA      | $129691.85    | 0.13%             | 2036-11-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| Weekley Homes LLC / Weekley Finance Corp.                               | Weekley Homes LLC / Weekley Finance Corp.                                         | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $116312.92    | 0.12%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                     | COMM Mortgage Trust, Series 2014-UBS5, Class AM                                   | CUSIP: 12592KBE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     91374 | PA      | $90220.55     | 0.09%             | 2047-09-10      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| Bear Stearns ALT-A Trust                                                | Bear Stearns ALT-A Trust, Series 2005-8, Class 21A1                               | CUSIP: 07386HWZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     96551 | PA      | $80469.94     | 0.08%             | 2035-10-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming, Inc.                                                 | Genesee & Wyoming, Inc., First Lien, Initial CME Term Loan                        | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |     78800 | PA      | $78512.77     | 0.08%             | 2031-04-10      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                                                | Venture Global LNG, Inc.                                                          | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    260000 | PA      | $270528.79    | 0.28%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1171.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ameren Corp.                                                            | Ameren Corp.                                                                      | CUSIP: 023608AQ5<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111757.75    | 0.12%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, Series 2020-76, Class BI                                                    | CUSIP: 3136BCLU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1684452 | PA      | $383445.55    | 0.40%             | 2050-11-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Aker BP ASA                                                             | Aker BP ASA                                                                       | CUSIP: 00973RAL7<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    150000 | PA      | $153058.47    | 0.16%             | 2028-06-13      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA II, Single-family, 30 Year                                                   | CUSIP: 21H052645<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3000000 | PA      | $3019574.97   | 3.14%             | 2056-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ESAB Corp.                                                              | ESAB Corp.                                                                        | CUSIP: 29605JAB2<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85808.35     | 0.09%             | 2031-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BioMarin Pharmaceutical                                                 | BioMarin Pharmaceutical, Inc., First Lien, CME Term Loan, B                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     40896 | PA      | $40844.71     | 0.04%             | 2033-01-28      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                      | Energy Transfer LP                                                                | CUSIP: 29278NAG8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    270000 | PA      | $275055.87    | 0.29%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANK                                                                    | BANK, Series 2024-BNK48, Class XA                                                 | CUSIP: 06541GAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2661980 | PA      | $205454.01    | 0.21%             | 2057-10-15      | Variable      | 1.14%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA II, Single-family, 30 Year                                                   | CUSIP: 21H050649<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3000000 | PA      | $2971610.16   | 3.09%             | 2056-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust                              | JPMDB Commercial Mortgage Securities Trust, Series 2018-C8, Class C               | CUSIP: 46591ABG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    123000 | PA      | $113043.85    | 0.12%             | 2051-06-15      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | OIS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   7146000 | PA      | $-26849.19    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| New Economy Assets - Phase 1 Sponsor LLC                                | New Economy Assets - Phase 1 Sponsor LLC, Series 2021-1, Class A1                 | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    153000 | PA      | $128726.70    | 0.13%             | 2061-10-20      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                        | CVS Health Corp.                                                                  | CUSIP: 126650DQ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     40000 | PA      | $34935.26     | 0.04%             | 2031-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                   | Wells Fargo Commercial Mortgage Trust, Series 2013-LC12, Class D                  | CUSIP: 94988QAU5<br>LEI: 549300V2DF3KW9L1CV04 | Long             | ABS-MBS          | CORP              | US        |    293000 | PA      | $200702.07    | 0.21%             | 2046-07-15      | Variable      | 3.74%                 | No            |                  2 | On Loan: No      |
| Chevy Chase Funding LLC                                                 | Chevy Chase Funding LLC, Series 2006-4A, Class A2                                 | CUSIP: 16678XAB0<br>LEI: 5493000OPBL8EFF3O717 | Long             | ABS-MBS          | CORP              | US        |     82705 | PA      | $73205.03     | 0.08%             | 2047-11-25      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| Australian Dollar                                                       | Australian Dollar                                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | AU        |        -0 | OU      | $-0.02        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                     | OIS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    537000 | PA      | $4217.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VICI Properties LP                                                      | VICI Properties LP                                                                | CUSIP: 925650AC7<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    275000 | PA      | $274665.44    | 0.29%             | 2030-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                                             | FIGRE Trust, Series 2025-FL1, Class A1                                            | CUSIP: 31684QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121039 | PA      | $121015.21    | 0.13%             | 2055-07-25      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    182000 | PA      | $-4923.64     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CMS Energy Corp.                                                        | CMS Energy Corp.                                                                  | CUSIP: 125896BX7<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |     33000 | PA      | $37331.25     | 0.04%             | 2028-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| RHP Hotel Properties LP / RHP Finance Corp.                             | RHP Hotel Properties LP / RHP Finance Corp.                                       | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40759.44     | 0.04%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C12, Class D      | CUSIP: 61762XAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    123000 | PA      | $117681.82    | 0.12%             | 2046-10-15      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| Benin Government International Bond                                     | Benin Government Bond                                                             | CUSIP: N/A<br>LEI: 635400Q11P6AE5A5Y230       | Long             | DBT              | NUSS              | BJ        |    210000 | PA      | $214073.23    | 0.22%             | 2035-01-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                     | COMM Mortgage Trust, Series 2012-CR4, Class AM                                    | CUSIP: 12624QAT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    184000 | PA      | $178650.81    | 0.19%             | 2045-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2016-H03, Class AI                                                   | CUSIP: 38376RNL6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    406113 | PA      | $17073.37     | 0.02%             | 2066-01-20      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| OAK-Eagle Acquireco, Inc.                                               | OAK-Eagle Acquireco, Inc.                                                         | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36286.06     | 0.04%             | 2033-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ATI, Inc.                                                               | ATI, Inc.                                                                         | CUSIP: 01741RAL6<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    265000 | PA      | $261668.16    | 0.27%             | 2029-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | OIS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |  60670000 | PA      | $-451591.00   | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |     56400 | PA      | $6254.76      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WaMu Asset-Backed Certificates Trust                                    | WaMu Asset-Backed Certificates Trust, Series 2007-HE4, Class 1A                   | CUSIP: 93363XAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     97428 | PA      | $74324.25     | 0.08%             | 2047-07-25      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                                           | Uniform Mortgage-Backed Securities                                                | CUSIP: 01F060642<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1019484.25   | 1.06%             | 2056-04-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    210000 | PA      | $31080.90     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WestJet Loyalty LP                                                      | WestJet Loyalty LP, First Lien, Initial CME Term Loan                             | CUSIP: C9763HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |     98000 | PA      | $95462.78     | 0.10%             | 2031-02-14      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Standard Building Solutions, Inc.                                       | Standard Building Solutions, Inc.                                                 | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69280.08     | 0.07%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2012-140, Class IC                                                   | CUSIP: 38378GHA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    519312 | PA      | $82936.56     | 0.09%             | 2042-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                            | GS Mortgage Securities Trust, Series 2014-GC24, Class B                           | CUSIP: 36253GAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     98063 | PA      | $94960.78     | 0.10%             | 2047-09-10      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Trust                                      | Barclays Commercial Mortgage Trust, Series 2019-C5, Class F                       | CUSIP: 05492JAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    336000 | PA      | $210886.74    | 0.22%             | 2052-11-15      | Variable      | 2.55%                 | No            |                  2 | On Loan: No      |
| Istanbul Metropolitan Municipality                                      | Istanbul Metropolitan Municipality                                                | CUSIP: N/A<br>LEI: 213800T1VDQSNKA2MD76       | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $214127.92    | 0.22%             | 2028-12-06      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Encore Capital Group, Inc.                                              | Encore Capital Group, Inc.                                                        | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    250000 | PA      | $261875.00    | 0.27%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                                  | Neptune Bidco US, Inc.                                                            | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10035.98     | 0.01%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | U.S. Treasury 10 Year Ultra Notes                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -11 | NC      | $28169.79     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    544000 | PA      | $-5792.81     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, 30 Year                                                                     | CUSIP: 3140JUFY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13616 | PA      | $13716.62     | 0.01%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | FR        |    288900 | PA      | $6678.45      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                    | JPMorgan Chase & Co.                                                              | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    540000 | PA      | $545195.91    | 0.57%             | 2027-10-22      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| Nutanix, Inc.                                                           | Nutanix, Inc.                                                                     | CUSIP: 67059NAK4<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |     42000 | PA      | $37989.22     | 0.04%             | 2029-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                                      | Dominican Republic Government Bond                                                | CUSIP: N/A<br>LEI: 254900EHU7Q8FGVPI369       | Long             | DBT              | NUSS              | DO        |    210000 | PA      | $211953.00    | 0.22%             | 2028-07-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2016-42                                                              | CUSIP: 38379V6K5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    348503 | PA      | $67220.76     | 0.07%             | 2046-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albaugh LLC                                                             | Albaugh LLC, First Lien, Initial CME Term Loan                                    | CUSIP: 01260HAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    128992 | PA      | $124451.08    | 0.13%             | 2029-04-06      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| Patrick Industries, Inc.                                                | Patrick Industries, Inc.                                                          | CUSIP: 703343AG8<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |     25000 | PA      | $43387.50     | 0.05%             | 2028-12-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Wayfair LLC                                                             | Wayfair LLC                                                                       | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100839.19    | 0.10%             | 2032-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corp.                                                  | Novartis Capital Corp.                                                            | CUSIP: 66989HAY4<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    215000 | PA      | $212671.56    | 0.22%             | 2030-11-05      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Rand Parent LLC                                                         | Rand Parent LLC, First Lien, CME Term Loan, B                                     | CUSIP: 75223LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     55925 | PA      | $55927.16     | 0.06%             | 2030-03-18      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    715000 | PA      | $114.82       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust                                          | HarborView Mortgage Loan Trust, Series 2005-2, Class 1A                           | CUSIP: 41161PLQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    168353 | PA      | $43783.21     | 0.05%             | 2035-05-19      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2016-H06, Class DI                                                   | CUSIP: 38376RSF4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    535667 | PA      | $19738.74     | 0.02%             | 2065-07-20      | Variable      | 2.22%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                             | Caesars Entertainment, Inc., First Lien, CME Term Loan, B1                        | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |    132300 | PA      | $128827.13    | 0.13%             | 2031-02-06      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                               | Vistra Operations Co. LLC                                                         | CUSIP: 92840VAY8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63990.19     | 0.07%             | 2031-01-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                     | Citigroup Commercial Mortgage Trust, Series 2015-GC27, Class D                    | CUSIP: 17323CAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    218328 | PA      | $213740.18    | 0.22%             | 2048-02-10      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Banc of America Commercial Mortgage Trust                               | Banc of America Commercial Mortgage Trust, Series 2015-UBS7, Class B              | CUSIP: 06054ABC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    106768 | PA      | $105734.12    | 0.11%             | 2048-09-15      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, 30 Year                                                                     | CUSIP: 3140JKL87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1460 | PA      | $1481.34      | 0.00%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |    124000 | PA      | $1663.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                     | Constellation Energy Generation LLC                                               | CUSIP: 210385AB6<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132957.57    | 0.14%             | 2028-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    714100 | PA      | $14194.74     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Altar Bidco, Inc.                                                       | Altar Bidco, Inc., First Lien, CME Term Loan                                      | CUSIP: 02090CAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    107326 | PA      | $106856.75    | 0.11%             | 2029-02-01      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC, Series 5011, Class SA                                                      | CUSIP: 3137FVT28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1771964 | PA      | $221675.05    | 0.23%             | 2050-09-25      | Floating      | 2.47%                 | No            |                  2 | On Loan: No      |
| Putnam Short Term Investment Fund                                       | Putnam Short Term Investment Fund, Class P                                        | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |  19461738 | NS      | $19461737.58  | 20.25%            |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies, Inc.                                        | GE HealthCare Technologies, Inc.                                                  | CUSIP: 36266GAD9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54651.13     | 0.06%             | 2028-12-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDI                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |   4350000 | PA      | $7505.49      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |    124000 | PA      | $-868.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                                           | Uniform Mortgage-Backed Securities                                                | CUSIP: 01F050643<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1500000 | PA      | $1479541.53   | 1.54%             | 2056-04-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Co.                                                     | Crescent Energy Co.                                                               | CUSIP: 44952JAA2<br>LEI: 254900FBNP5A21Q39U97 | Long             | DBT              | CORP              | US        |     19000 | PA      | $21859.50     | 0.02%             | 2031-03-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2017-H11, Class DI                                                   | CUSIP: 38376R4R4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    554701 | PA      | $26252.33     | 0.03%             | 2067-05-20      | Variable      | 2.06%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Trust                                      | Barclays Commercial Mortgage Trust, Series 2019-C5, Class XF                      | CUSIP: 05492JAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $38133.05     | 0.04%             | 2052-11-15      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-7626.33     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.                               | Seagate Data Storage Technology Pte. Ltd.                                         | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     95000 | PA      | $96625.45     | 0.10%             | 2030-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    460000 | PA      | $10378.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fluor Corp.                                                             | Fluor Corp.                                                                       | CUSIP: 343412AJ1<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |     41000 | PA      | $50645.25     | 0.05%             | 2029-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    321000 | PA      | $4601.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Electricite de France SA                                                | Electricite de France SA                                                          | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | NUSS              | FR        |    200000 | PA      | $231659.20    | 0.24%             | 2033-03-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| DaVita, Inc.                                                            | DaVita, Inc.                                                                      | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15271.77     | 0.02%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Republic of Bulgaria                                                    | Bulgaria Government Bond                                                          | CUSIP: N/A<br>LEI: 529900PG0XCL4LICL838       | Long             | DBT              | NUSS              | BG        |    100000 | PA      | $115816.25    | 0.12%             | 2032-09-05      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                                   | Clydesdale Acquisition Holdings, Inc.                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    115000 | PA      | $108943.37    | 0.11%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2015-H25, Class EI                                                   | CUSIP: 38376RJK3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    180812 | PA      | $7243.32      | 0.01%             | 2065-10-20      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| ATI, Inc.                                                               | ATI, Inc.                                                                         | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15564.81     | 0.02%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     15000 | PA      | $-41.08       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Re-REMIC Trust                                           | Morgan Stanley Re-REMIC Trust, Series 2010-R4, Class 4B                           | CUSIP: 61759FAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    109702 | PA      | $105135.24    | 0.11%             | 2037-02-26      | Floating      | 3.26%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                                      | Venture Global Plaquemines LNG LLC                                                | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $16821.05     | 0.02%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                                                      | A&D Mortgage Trust, Series 2023-NQM4, Class A1                                    | CUSIP: 00002MAA7<br>LEI: 9845002EOD0CFAFA4F48 | Long             | ABS-MBS          | CORP              | US        |    221198 | PA      | $223143.80    | 0.23%             | 2068-09-25      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    132000 | PA      | $9058.57      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Etsy, Inc.                                                              | Etsy, Inc.                                                                        | CUSIP: 29786AAP1<br>LEI: 54930089Q7XT501AEA40 | Long             | DBT              | CORP              | US        |     61000 | PA      | $58987.00     | 0.06%             | 2030-06-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-10464.39    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                   | NextEra Energy Capital Holdings, Inc.                                             | CUSIP: 65339KCY4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     43000 | PA      | $59716.25     | 0.06%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Co.                                         | Virginia Electric and Power Co., Series A                                         | CUSIP: 927804GB4<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    295000 | PA      | $281868.34    | 0.29%             | 2029-07-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |     16000 | PA      | $705.03       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnera Corp.                                                           | Magnera Corp.                                                                     | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    130000 | PA      | $117497.29    | 0.12%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     81000 | PA      | $2785.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JBS NV / JBS USA Foods Group Holdings, Inc. / JBS USA Food Co. Holdings | JBS NV / JBS USA Foods Group Holdings, Inc. / JBS USA Food Co. Holdings           | CUSIP: 46590XAN6<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |     73000 | PA      | $70068.87     | 0.07%             | 2029-02-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FirstCash, Inc.                                                         | FirstCash, Inc.                                                                   | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    213000 | PA      | $217359.68    | 0.23%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C10, Class D      | CUSIP: 61762MBC4<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |    230000 | PA      | $191859.63    | 0.20%             | 2046-07-15      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Alternative Loan Trust                                                  | Alternative Loan Trust, Series 2005-65CB, Class 2A1                               | CUSIP: 12668AY90<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    241697 | PA      | $144035.26    | 0.15%             | 2035-12-25      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| Ambipar Lux SARL                                                        | Ambipar Lux SARL                                                                  | CUSIP: 02319WAB7<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $30750.00     | 0.03%             | 2033-02-05      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |    600000 | PA      | $40382.88     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |    163000 | PA      | $-8504.73     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | OIS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |     84000 | PA      | $82.61        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Transocean International Ltd.                                           | Transocean International Ltd.                                                     | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    126000 | PA      | $131432.24    | 0.14%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                                     | Nexstar Media, Inc.                                                               | CUSIP: 65346UAA7<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85343.12     | 0.09%             | 2034-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                                           | Uniform Mortgage-Backed Securities                                                | CUSIP: 01F062648<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1034660.03   | 1.08%             | 2056-04-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Mattel, Inc.                                                            | Mattel, Inc.                                                                      | CUSIP: 577081BF8<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    155000 | PA      | $149951.85    | 0.16%             | 2029-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | OIS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   1064000 | PA      | $-7966.51     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, Series 2010-35, Class SG                                                    | CUSIP: 31398PJU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    173740 | PA      | $18805.71     | 0.02%             | 2040-04-25      | Floating      | 2.62%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                        | Boeing Co. (The)                                                                  | CUSIP: 097023CN3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7531.20      | 0.01%             | 2030-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA II, Single-family, 30 Year                                                   | CUSIP: 3617LEPL2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     10716 | PA      | $9721.37      | 0.01%             | 2049-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA II, Single-family, 30 Year                                                   | CUSIP: 3617K4U96<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     14979 | PA      | $14996.12     | 0.02%             | 2049-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1311400 | PA      | $237254.96    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| DIRECTV Financing LLC                                                   | DIRECTV Financing LLC, First Lien, 2024 Refinancing CME Term Loan, B              | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    117202 | PA      | $117681.23    | 0.12%             | 2029-08-02      | Variable      | 9.18%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2017-H08, Class NI                                                   | CUSIP: 38376R2Q8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    692181 | PA      | $25146.04     | 0.03%             | 2067-03-20      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA II, Single-family, 30 Year                                                   | CUSIP: 3617K4U88<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     15295 | PA      | $15337.78     | 0.02%             | 2049-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    867000 | PA      | $99079.75     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, Series 2016-3, Class NI                                                     | CUSIP: 3136ARFT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    343084 | PA      | $47232.16     | 0.05%             | 2046-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Alternative Loan Trust                                                  | Alternative Loan Trust, Series 2007-OH1, Class A1D                                | CUSIP: 02150KAZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     57101 | PA      | $51082.02     | 0.05%             | 2047-04-25      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| DaVita, Inc.                                                            | DaVita, Inc.                                                                      | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112783.19    | 0.12%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust LP                                                 | Digital Realty Trust LP                                                           | CUSIP: 25389JAX4<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |     75000 | PA      | $79584.76     | 0.08%             | 2029-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    800600 | PA      | $87480.51     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                   | Wells Fargo Commercial Mortgage Trust, Series 2019-C52, Class XA                  | CUSIP: 95002MAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1760647 | PA      | $71378.05     | 0.07%             | 2052-08-15      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer II LLC                                                  | DataBank Issuer II LLC, Series 2025-1A, Class A2                                  | CUSIP: 23802YAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    108000 | PA      | $104974.94    | 0.11%             | 2055-09-27      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Carnival plc                                                            | Carnival plc                                                                      | CUSIP: N/A<br>LEI: 4DR1VPDQMHD3N3QW8W95       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $112711.59    | 0.12%             | 2031-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |    137100 | PA      | $15115.58     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                   | Foundry JV Holdco LLC                                                             | CUSIP: 350930AB9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207082.95    | 0.22%             | 2030-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| United States of America                                                | U.S. Treasury Bills                                                               | CUSIP: 912797TN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    200000 | PA      | $197892.71    | 0.21%             | 2026-07-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| APLD ComputeCo LLC                                                      | APLD ComputeCo LLC                                                                | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $144368.28    | 0.15%             | 2030-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TGNR Intermediate Holdings LLC                                          | TGNR Intermediate Holdings LLC                                                    | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122314.64    | 0.13%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tuple US Bidco LLC                                                      | Tuple US Bidco LLC, First Lien, USD CME Term Loan, B1                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     64095 | PA      | $62332.49     | 0.06%             | 2033-01-14      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC, Series 4839, Class WS                                                      | CUSIP: 3137FJK99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1496083 | PA      | $203079.80    | 0.21%             | 2056-08-15      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                                              | Fertitta Entertainment LLC, First Lien, Initial CME Term Loan, B                  | CUSIP: 31556PAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     18730 | PA      | $18402.27     | 0.02%             | 2029-01-29      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| Miter Brands Acquisition Holdco, Inc. / MIWD Borrower LLC               | Miter Brands Acquisition Holdco, Inc. / MIWD Borrower LLC                         | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $110213.49    | 0.11%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     91000 | PA      | $-3118.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2019-89, Class PS                                                    | CUSIP: 38381W6R4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1724854 | PA      | $201787.02    | 0.21%             | 2049-07-20      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2017-H12, Class QI                                                   | CUSIP: 38376R2S4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    567904 | PA      | $21922.24     | 0.02%             | 2067-05-20      | Variable      | 2.26%                 | No            |                  2 | On Loan: No      |
| OneSky Flight LLC                                                       | OneSky Flight LLC                                                                 | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113627.25    | 0.12%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                            | Royal Caribbean Cruises Ltd.                                                      | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     72000 | PA      | $73625.12     | 0.08%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                                          | NCL Corp. Ltd.                                                                    | CUSIP: 62886HBS9<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     25000 | PA      | $26006.92     | 0.03%             | 2030-04-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                    | BBCMS Mortgage Trust, Series 2024-5C29, Class XA                                  | CUSIP: 05555PAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4813599 | PA      | $229181.69    | 0.24%             | 2057-09-15      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| Station Casinos LLC                                                     | Station Casinos LLC                                                               | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    165000 | PA      | $154223.85    | 0.16%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                                 | Quikrete Holdings, Inc., First Lien, CME Term Loan, B2                            | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    117301 | PA      | $117334.19    | 0.12%             | 2029-03-19      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Seagate HDD Cayman                                                      | Seagate HDD Cayman                                                                | CUSIP: 81180WBL4<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |      9000 | PA      | $42758.55     | 0.04%             | 2028-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |    248000 | PA      | $-206.67      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Black Diamond CLO Ltd.                                                  | Black Diamond CLO Ltd., Series 2024-1A, Class D1                                  | CUSIP: 09204UAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    260000 | PA      | $260536.84    | 0.27%             | 2037-10-25      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| EquipmentShare.com, Inc.                                                | EquipmentShare.com, Inc.                                                          | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20900.18     | 0.02%             | 2032-05-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                  | Tenet Healthcare Corp.                                                            | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50631.80     | 0.05%             | 2033-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                      | General Motors Financial Co., Inc.                                                | CUSIP: 37045XFL5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34647.86     | 0.04%             | 2028-10-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2016-H10, Class AI                                                   | CUSIP: 38376RUG9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    734156 | PA      | $21052.66     | 0.02%             | 2066-04-20      | Variable      | 1.76%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-290.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Energy, Inc.                                                    | Liberty Energy, Inc.                                                              | CUSIP: 53115LAC8<br>LEI: 254900PKFJW6RILDCM60 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9168.53      | 0.01%             | 2032-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                                | Benchmark Mortgage Trust, Series 2026-V21, Class XA                               | CUSIP: 08164HBE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1065000 | PA      | $67159.11     | 0.07%             | 2030-11-15      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                    | BBCMS Mortgage Trust, Series 2024-C26, Class XA                                   | CUSIP: 05555AAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1588677 | PA      | $108023.66    | 0.11%             | 2057-05-15      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| Cogent Communications Group LLC / Cogent Finance, Inc.                  | Cogent Communications Group LLC / Cogent Finance, Inc.                            | CUSIP: 19240WAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $126590.71    | 0.13%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Southern Veterinary Partners LLC                                        | Southern Veterinary Partners LLC, First Lien, 2025 New CME Term Loan              | CUSIP: 84410HAQ3<br>LEI: 549300DT78GYJYRK0R74 | Long             | LON              | CORP              | US        |    129350 | PA      | $128401.86    | 0.13%             | 2031-12-04      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Black Pearl Compute LLC                                                 | Black Pearl Compute LLC                                                           | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45857.12     | 0.05%             | 2031-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CrossCountry Intermediate HoldCo LLC                                    | CrossCountry Intermediate HoldCo LLC                                              | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $33403.60     | 0.03%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                                                 | GSR Mortgage Loan Trust, Series 2007-OA1, Class 2A3A                              | CUSIP: 3622NAAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107680 | PA      | $59703.26     | 0.06%             | 2037-05-25      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Spectrum Brands, Inc.                                                   | Spectrum Brands, Inc.                                                             | CUSIP: 84762LAZ8<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21011.55     | 0.02%             | 2029-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                | BX Trust, Series 2025-ARIA, Class C                                               | CUSIP: 05619TAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199615.10    | 0.21%             | 2042-12-13      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-16812.84    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                                               | Duke Energy Carolinas LLC, Series A                                               | CUSIP: 264399DK9<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    130000 | PA      | $135540.28    | 0.14%             | 2028-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2019-96, Class SY                                                    | CUSIP: 38381XK39<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2909421 | PA      | $348799.67    | 0.36%             | 2049-08-20      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                                                  | Cleveland-Cliffs, Inc.                                                            | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29337.53     | 0.03%             | 2034-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        | -18232000 | PA      | $-50940.73    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    971300 | PA      | $31744.52     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Verisure Midholding AB                                                  | Verisure Midholding AB                                                            | CUSIP: N/A<br>LEI: 549300496LYEZ55X1M49       | Long             | DBT              | CORP              | SE        |    285000 | PA      | $328944.98    | 0.34%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                                     | Peer Holding III BV, First Lien, CME Term Loan, B8                                | CUSIP: N6872NAQ9<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |     59438 | PA      | $59001.69     | 0.06%             | 2032-09-29      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                                           | Uniform Mortgage-Backed Securities                                                | CUSIP: 01F022642<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $840937.50    | 0.88%             | 2056-04-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, Series 374, Class 6                                                         | CUSIP: 3136FCZ90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32952 | PA      | $5259.91      | 0.01%             | 2036-08-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA Connecticut Avenue Securities Trust, Series 2026-R01, Class 2M2              | CUSIP: 20755BAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     98000 | PA      | $98153.88     | 0.10%             | 2046-01-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                     | COMM Mortgage Trust, Series 2014-CR16, Class C                                    | CUSIP: 12591VAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    283000 | PA      | $271922.73    | 0.28%             | 2047-04-10      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                                                  | Cleveland-Cliffs, Inc.                                                            | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53284.13     | 0.06%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| OSI Systems, Inc.                                                       | OSI Systems, Inc.                                                                 | CUSIP: 671044AG0<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30690.00     | 0.03%             | 2031-02-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA Connecticut Avenue Securities Trust, Series 2016-C03, Class 1B               | CUSIP: 30711XCR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    492452 | PA      | $495951.23    | 0.52%             | 2028-10-25      | Floating      | 15.53%                | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                              | Aviation Capital Group LLC                                                        | CUSIP: 05369AAQ4<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    135000 | PA      | $137209.67    | 0.14%             | 2029-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Republic of El Salvador                                                 | El Salvador Government Bond                                                       | CUSIP: 283875AN2<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    110000 | PA      | $107836.30    | 0.11%             | 2035-06-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     81200 | PA      | $10216.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance, Inc.                                  | 1011778 BC ULC / New Red Finance, Inc.                                            | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    190000 | PA      | $178685.54    | 0.19%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1466.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CQP Holdco LP                                                           | CQP Holdco LP, First Lien, CME Term Loan, B                                       | CUSIP: 12657QAF0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    153344 | PA      | $152793.03    | 0.16%             | 2032-12-31      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                   | Wells Fargo Commercial Mortgage Trust, Series 2014-LC16, Class D                  | CUSIP: 94988XAC0<br>LEI: 549300PX4QZK7CUM8D08 | Long             | ABS-MBS          | CORP              | US        |    229590 | PA      | $27778.41     | 0.03%             | 2050-08-15      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | FR        |    288900 | PA      | $9230.28      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashtead Capital, Inc.                                                   | Ashtead Capital, Inc.                                                             | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197322.83    | 0.21%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carnival Corp.                                                          | Carnival Corp.                                                                    | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     45000 | PA      | $45381.47     | 0.05%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Carnival Corp.                                                          | Carnival Corp.                                                                    | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    120000 | PA      | $119184.79    | 0.12%             | 2029-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Antero Resources Corp.                                                  | Antero Resources Corp.                                                            | CUSIP: 03674XAS5<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145809.83    | 0.15%             | 2030-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust               | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                         | CUSIP: 00774MBL8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    200000 | PA      | $199666.87    | 0.21%             | 2029-09-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    698000 | PA      | $-24226.65    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                                         | Air Lease Corp.                                                                   | CUSIP: 00914AAT9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    300000 | PA      | $306364.36    | 0.32%             | 2027-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corp.                                                  | Novartis Capital Corp.                                                            | CUSIP: 66989HBG2<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170001.00    | 0.18%             | 2031-03-18      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Vmed O2 UK Financing I plc                                              | Vmed O2 UK Financing I plc                                                        | CUSIP: N/A<br>LEI: 213800MRR46ECNGZ7L69       | Long             | DBT              | CORP              | GB        |    135000 | PA      | $137966.38    | 0.14%             | 2031-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |    283000 | PA      | $16014.66     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Wayfair, Inc.                                                           | Wayfair, Inc., Class A                                                            | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |        79 | NS      | $5941.59      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries, Inc.                                                  | Chart Industries, Inc., First Lien, Amendment No. 7 CME Term Loan                 | CUSIP: 16115EAT4<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | LON              | CORP              | US        |    211299 | PA      | $211430.92    | 0.22%             | 2030-03-15      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| PG Polaris BidCo SARL                                                   | PG Polaris BidCo SARL, First Lien, Second Amendment Refinancing CME Term Loan     | CUSIP: 91728NAD1<br>LEI: 254900XMCCB3IEZ2A005 | Long             | LON              | CORP              | US        |     49377 | PA      | $49452.24     | 0.05%             | 2031-03-26      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2016-H03, Class DI                                                   | CUSIP: 38376RNT9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    234304 | PA      | $7167.11      | 0.01%             | 2065-12-20      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| Delek US Holdings, Inc.                                                 | Delek US Holdings, Inc., First Lien, CME Term Loan, B                             | CUSIP: 24664GAF8<br>LEI: 5493003O53JMENV1N385 | Long             | LON              | CORP              | US        |    129332 | PA      | $129654.95    | 0.13%             | 2029-11-19      | Variable      | 7.27%                 | No            |                  2 | On Loan: No      |
| Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.                   | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.                             | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $241222.85    | 0.25%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WFRBS Commercial Mortgage Trust                                         | WFRBS Commercial Mortgage Trust, Series 2013-C15, Class D                         | CUSIP: 92938CAL1<br>LEI: 5493003CHVRASC16O965 | Long             | ABS-MBS          | CORP              | US        |    149260 | PA      | $105228.25    | 0.11%             | 2046-08-15      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2015-79, Class GI                                                    | CUSIP: 38379LX92<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    132434 | PA      | $26617.26     | 0.03%             | 2039-10-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, Series 378, Class 19                                                        | CUSIP: 3136FEMW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85341 | PA      | $11258.29     | 0.01%             | 2035-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Box, Inc.                                                               | Box, Inc.                                                                         | CUSIP: 10316TAD6<br>LEI: 549300KQUCPD8687YS68 | Long             | DBT              | CORP              | US        |     39000 | PA      | $35841.00     | 0.04%             | 2029-09-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Rocket Cos., Inc.                                                       | Rocket Cos., Inc.                                                                 | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $121439.28    | 0.13%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                               | Vistra Operations Co. LLC                                                         | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    155000 | PA      | $151408.36    | 0.16%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                             | Toronto-Dominion Bank (The)                                                       | CUSIP: 89115A2V3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     95000 | PA      | $95654.23     | 0.10%             | 2026-12-11      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, Series 2019-43, Class JS                                                    | CUSIP: 3136B5A54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    869263 | PA      | $85307.09     | 0.09%             | 2049-08-25      | Floating      | 2.27%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                  | Tenet Healthcare Corp.                                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    260000 | PA      | $265909.28    | 0.28%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings, Inc.                                                    | Osaic Holdings, Inc.                                                              | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35030.27     | 0.04%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Republic of Guatemala                                                   | Guatemala Government Bond                                                         | CUSIP: N/A<br>LEI: 529900QKDFFU9UWW5315       | Long             | DBT              | NUSS              | GT        |    420000 | PA      | $442050.00    | 0.46%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1121.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Media Corp.-Liberty Formula One Corp.                           | Liberty Media Corp.-Liberty Formula One Corp.                                     | CUSIP: 531229AQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     59000 | PA      | $68204.00     | 0.07%             | 2027-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Zegona Finance plc                                                      | Zegona Finance plc                                                                | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $210117.60    | 0.22%             | 2029-07-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Datadog, Inc.                                                           | Datadog, Inc.                                                                     | CUSIP: 23804LAD5<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |     53000 | PA      | $51423.25     | 0.05%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rand                                                                    | Rand                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | ZA        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2021-116, Class ES                                                   | CUSIP: 38382WSM0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2161549 | PA      | $237982.26    | 0.25%             | 2047-11-20      | Floating      | 2.41%                 | No            |                  2 | On Loan: No      |
| Alternative Loan Trust                                                  | Alternative Loan Trust, Series 2005-38, Class A1                                  | CUSIP: 12667GY98<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    172238 | PA      | $162176.43    | 0.17%             | 2035-09-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | GB        |    124000 | PA      | $-428.83      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Rivian Automotive, Inc.                                                 | Rivian Automotive, Inc.                                                           | CUSIP: 76954AAB9<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |     36000 | PA      | $38632.50     | 0.04%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Welltower OP LLC                                                        | Welltower OP LLC                                                                  | CUSIP: 95041AAD0<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |     32000 | PA      | $50729.53     | 0.05%             | 2029-07-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Froneri US, Inc.                                                        | Froneri US, Inc., First Lien, CME Term Loan, B6                                   | CUSIP: G3679YAM4<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    129675 | PA      | $127414.77    | 0.13%             | 2032-09-30      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC / Acrisure Finance, Inc.                                   | Acrisure LLC / Acrisure Finance, Inc.                                             | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $120639.48    | 0.13%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC, Series 304, Class C37                                                      | CUSIP: 31325UPS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6754 | PA      | $93.71        | 0.00%             | 2027-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1323.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDI                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |   4519000 | PA      | $-117775.43   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                      | T-Mobile USA, Inc.                                                                | CUSIP: 87264ABV6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    545000 | PA      | $528293.86    | 0.55%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2019-83, Class SY                                                    | CUSIP: 38381XBN5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1240617 | PA      | $145502.91    | 0.15%             | 2049-07-20      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC, Series 5093, Class YI                                                      | CUSIP: 3137FYLH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1296943 | PA      | $305841.53    | 0.32%             | 2050-12-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   1703900 | PA      | $220793.69    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Viper Energy Partners LLC                                               | Viper Energy Partners LLC                                                         | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16134.48     | 0.02%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp.                                                  | Playtika Holding Corp., First Lien, CME Term Loan, B1                             | CUSIP: 72814CAF5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |     98958 | PA      | $93360.76     | 0.10%             | 2028-03-13      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| Kodiak Gas Services LLC                                                 | Kodiak Gas Services LLC                                                           | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35583.00     | 0.04%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Verde Purchaser LLC                                                     | Verde Purchaser LLC, First Lien, Second Refinancing CME Term Loan                 | CUSIP: 92338TAB2<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | LON              | CORP              | US        |     19506 | PA      | $19004.78     | 0.02%             | 2030-11-30      | Variable      | 7.67%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                      | Southern Co. (The)                                                                | CUSIP: 842587DS3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    170000 | PA      | $175191.10    | 0.18%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LLC                                         | Stack Infrastructure Issuer LLC, Series 2026-1A, Class A2                         | CUSIP: 85236KAR3<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    216000 | PA      | $208282.21    | 0.22%             | 2056-03-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, Series 2015-30                                                              | CUSIP: 3136ANRR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    542028 | PA      | $70009.10     | 0.07%             | 2045-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                         | TransDigm, Inc.                                                                   | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92276.37     | 0.10%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2019-152, Class ES                                                   | CUSIP: 38382BH89<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    738846 | PA      | $83620.93     | 0.09%             | 2049-12-20      | Floating      | 2.26%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   1735300 | PA      | $24743.02     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| VCAT LLC                                                                | VCAT LLC, Series 2026-NPL1, Class A1                                              | CUSIP: 91825GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     94318 | PA      | $93861.54     | 0.10%             | 2056-01-25      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| EverCommerce Solutions, Inc.                                            | EverCommerce Solutions, Inc., First Lien, CME Term Loan                           | CUSIP: 29977YAB9<br>LEI: 9845005E54E3C158EA55 | Long             | LON              | CORP              | US        |    129323 | PA      | $126197.18    | 0.13%             | 2031-07-07      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Solstice Advanced Materials, Inc.                                       | Solstice Advanced Materials, Inc.                                                 | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |    265000 | PA      | $261563.53    | 0.27%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CACI International, Inc.                                                | CACI International, Inc.                                                          | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101861.60    | 0.11%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                                     | Nexstar Media, Inc.                                                               | CUSIP: 65346UAB5<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80657.92     | 0.08%             | 2033-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                                | Benchmark Mortgage Trust, Series 2024-V10, Class XA                               | CUSIP: 08163UAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3820593 | PA      | $148896.16    | 0.15%             | 2057-09-15      | Variable      | 1.31%                 | No            |                  2 | On Loan: No      |
| EURO                                                                    | EURO                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |        32 | OU      | $36.93        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.                                                     | Clean Harbors, Inc., First Lien, Initial CME Term Loan                            | CUSIP: 18449EAJ9<br>LEI: 5493000SJVZVZJKHJF48 | Long             | LON              | CORP              | US        |     44705 | PA      | $45079.52     | 0.05%             | 2032-10-11      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Honeywell Aerospace, Inc.                                               | Honeywell Aerospace, Inc.                                                         | CUSIP: 43849RAE5<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123689.84    | 0.13%             | 2031-03-16      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| JH North America Holdings, Inc.                                         | JH North America Holdings, Inc.                                                   | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9923.86      | 0.01%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   1703900 | PA      | $38492.46     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Nova Ltd.                                                               | Nova Ltd.                                                                         | CUSIP: 66982MAA2<br>LEI: 529900B2DSWE5V3SC292 | Long             | DBT              | CORP              | IL        |     21000 | PA      | $32370.09     | 0.03%             | 2030-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-354.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                               | Vistra Operations Co. LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    120000 | PA      | $124264.48    | 0.13%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust                  | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2013-LC11, Class D | CUSIP: 46639YAX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     27124 | PA      | $203.43       | 0.00%             | 2046-04-15      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |    210000 | PA      | $31080.90     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                                 | Volkswagen Group of America Finance LLC                                           | CUSIP: 928668BN1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190655.10    | 0.20%             | 2027-11-24      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Veritiv Operating Co.                                                   | Veritiv Operating Co.                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26012.45     | 0.03%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                        | Boeing Co. (The)                                                                  | CUSIP: 097023CM5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     92000 | PA      | $90732.98     | 0.09%             | 2027-02-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                        | Boeing Co. (The)                                                                  | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    267000 | PA      | $280381.36    | 0.29%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Republic of Armenia                                                     | Armenia Government Bond                                                           | CUSIP: N/A<br>LEI: 5299000H77JSW90G7935       | Long             | DBT              | NUSS              | AM        |    200000 | PA      | $178096.26    | 0.19%             | 2031-02-02      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| EquipmentShare.com, Inc.                                                | EquipmentShare.com, Inc.                                                          | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     95000 | PA      | $98247.20     | 0.10%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Waystar Technologies, Inc.                                              | Waystar Technologies, Inc., First Lien, Initial CME Term Loan                     | CUSIP: 63939WAN3<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |     54052 | PA      | $53984.54     | 0.06%             | 2029-10-22      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-11323.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Suriname Government International Bond                                  | Suriname Government Bond                                                          | CUSIP: 86886PAF9<br>LEI: 254900SYU4G5JM13TN77 | Long             | DBT              | NUSS              | SR        |    200000 | PA      | $206371.00    | 0.21%             | 2035-11-06      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Columbus McKinnon Corp.                                                 | Columbus McKinnon Corp., First Lien, Initial CME Term Loan                        | CUSIP: 19933MAS2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     16623 | PA      | $16581.38     | 0.02%             | 2033-02-03      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2.50        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                     | IRS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |   1623000 | PA      | $-3294.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cloudflare, Inc.                                                        | Cloudflare, Inc.                                                                  | CUSIP: 18915MAE7<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |     40000 | PA      | $45430.15     | 0.05%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | CDSCMBX                                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |     95000 | PA      | $-11810.22    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Credit Risk                                | FHLMC Multi-family Structured Credit Risk Trust, Series 2021-MN3, Class M2        | CUSIP: 35563GAB5<br>LEI: 549300FK6HM4FW58SP67 | Long             | ABS-MBS          | CORP              | US        |    460000 | PA      | $476894.05    | 0.50%             | 2051-11-25      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Wayfair, Inc.                                                           | Wayfair, Inc.                                                                     | CUSIP: 94419LAP6<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |      4000 | PA      | $5414.44      | 0.01%             | 2027-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SG Commercial Mortgage Securities Trust                                 | SG Commercial Mortgage Securities Trust, Series 2016-C5, Class A4                 | CUSIP: 78419CAD6<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-MBS          | CORP              | US        |    261000 | PA      | $259837.74    | 0.27%             | 2048-10-10      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                         | TransDigm, Inc.                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35739.20     | 0.04%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems, Inc.                                                | Spirit AeroSystems, Inc.                                                          | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250245.75    | 0.26%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA Connecticut Avenue Securities Trust, Series 2020-R01, Class 1B1              | CUSIP: 20754CAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155000 | PA      | $157168.73    | 0.16%             | 2040-01-25      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1218400 | PA      | $17063.56     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                             | Caesars Entertainment, Inc.                                                       | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    131000 | PA      | $132681.39    | 0.14%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC STACR REMIC Trust, Series 2020-DNA3, Class B2                               | CUSIP: 35565WBE1<br>LEI: 5493000ITGOA1OPGRQ72 | Long             | ABS-MBS          | CORP              | US        |    237000 | PA      | $304950.55    | 0.32%             | 2050-06-25      | Floating      | 13.13%                | No            |                  2 | On Loan: No      |
| N/A                                                                     | SOP                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    800600 | PA      | $22769.99     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                              | JPMBB Commercial Mortgage Securities Trust, Series 2014-C23, Class B              | CUSIP: 46643ABK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     98910 | PA      | $97855.53     | 0.10%             | 2047-09-15      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA, Series 2015-H23, Class BI                                                   | CUSIP: 38376RHE9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    453669 | PA      | $12089.84     | 0.01%             | 2065-09-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                          | Morgan Stanley Capital I Trust, Series 2018-H3, Class C                           | CUSIP: 61767YBE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $119764.53    | 0.12%             | 2051-07-15      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| UKG, Inc.                                                               | UKG, Inc., First Lien, Initial CME Term Loan                                      | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    118206 | PA      | $113116.05    | 0.12%             | 2031-02-10      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| United States of America                                                | U.S. Treasury Note                                                                | CUSIP: 91282CAY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    133000 | PA      | $133000.00    | 0.14%             | 2027-11-30      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                   | FHLMC, Series 4000, Class PI                                                      | CUSIP: 3137ALYB9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     97188 | PA      | $12442.62     | 0.01%             | 2042-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CRC Insurance Group LLC                                                 | CRC Insurance Group LLC, First Lien, CME Term Loan, B                             | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    130000 | PA      | $128497.20    | 0.13%             | 2031-05-06      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| Advanced Drainage Systems, Inc.                                         | Advanced Drainage Systems, Inc., First Lien, Initial CME Term Loan                | CUSIP: 00769QAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     46222 | PA      | $46496.79     | 0.05%             | 2033-02-11      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| Waste Pro USA, Inc.                                                     | Waste Pro USA, Inc.                                                               | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243300.24    | 0.25%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | OIS                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |    830000 | PA      | $7482.38      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kodiak Gas Services LLC                                                 | Kodiak Gas Services LLC                                                           | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50574.60     | 0.05%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                                           | Lendbuzz Securitization Trust, Series 2026-1A, Class C                            | CUSIP: 525952AD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     49107 | PA      | $49288.35     | 0.05%             | 2031-09-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                                     | Forward Foreign Currency Contract                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $172.43       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                            | Royal Caribbean Cruises Ltd.                                                      | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    143000 | PA      | $144463.91    | 0.15%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                            | Hess Midstream Operations LP                                                      | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $149021.23    | 0.16%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                     | COMM Mortgage Trust, Series 2014-CR14, Class C                                    | CUSIP: 12630DBD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     98000 | PA      | $96097.99     | 0.10%             | 2047-02-10      | Variable      | 3.13%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Putnam Variable Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer