# EDGAR Filing Document

**Accession Number:** 0000277751
**File Stem:** 0001193125-25-301789
**Filing Date:** 2025-11
**Character Count:** 457025
**Document Hash:** f8d35d08e50ddbfd2abd2236cc8a7b90
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-301789.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001193125-25-301789

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JANUS INVESTMENT FUND
- **CENTRAL INDEX KEY:** 0000277751

**ORGANIZATION NAME:**
- **EIN:** 840592523
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01879
- **FILM NUMBER:** 251534196

**BUSINESS ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 303-333-3863

**MAIL ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JANUS FUND /MD/
- **DATE OF NAME CHANGE:** 19870701

## Series and Classes Contracts Data

### Janus Henderson Flexible Bond Fund (Series ID: S000010492)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000028954 | Class T      | JAFIX           |
| C000077742 | Class A      | JDFAX           |
| C000077743 | Class C      | JFICX           |
| C000077744 | Class I      | JFLEX           |
| C000077745 | Class R      | JDFRX           |
| C000077746 | Class S      | JADFX           |
| C000083536 | Class D      | JANFX           |
| C000114884 | Class N      | JDFNX           |

## Nport-Ex

**Janus Henderson Flexible Bond Fund**

**Schedule of Investments (unaudited)**

**September 30, 2025**

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

---

| | | |
|:---|:---|:---|
|  | *Shares or* <br>*Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – 34.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208 Park Avenue Mortgage Trust 2017-280P, CME Term SOFR 1 Month + <br> 1.1800%, 5.3980%, 9/15/34<sup>ž,</sup><sup>‡</sup> <br>| $4050930 | $4017403 |
| &nbsp;&nbsp;&nbsp; A&D Mortgage Trust 2024-NQM5 A1, 5.6990%, 11/25/69<sup>ž</sup> <br>| &nbsp;&nbsp; 2230688 | &nbsp;&nbsp; 2241994 |
| &nbsp;&nbsp;&nbsp; Affirm Master Trust 2025-3A A, 4.4500%, 10/16/34<sup>ž</sup> <br>| &nbsp;&nbsp; 3080000 | &nbsp;&nbsp; 3069789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AGL CLO 1 Ltd 2023-26A A1R, CME Term SOFR 3 Month + 1.2800%, <br> 5.5550%, 10/21/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 9858000 | &nbsp;&nbsp; 9894565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ALA Trust 2025-OANA A, CME Term SOFR 1 Month + 1.7426%, 5.8936%, <br> 6/15/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6211000 | &nbsp;&nbsp; 6233512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ALA Trust 2025-OANA B, CME Term SOFR 1 Month + 1.8425%, 5.9935%, <br> 6/15/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2119000 | &nbsp;&nbsp; 2129419 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2019-5, 2.5930%, 10/25/49<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 177038 | &nbsp;&nbsp;&nbsp;&nbsp; 174728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2019-6, Refinitiv USD IBOR Consumer Cash <br> Fallbacks 1 Year + 0.9500%, 2.6200%, 11/25/59<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 157550 | &nbsp;&nbsp;&nbsp;&nbsp; 155033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2020-2, Refinitiv USD IBOR Consumer Cash <br> Fallbacks 1 Year + 2.2000%, 2.5310%, 1/26/65<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 936984 | &nbsp;&nbsp;&nbsp;&nbsp; 873885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2020-3, Refinitiv USD IBOR Consumer Cash <br> Fallbacks 1 Year + 1.0000%, 2.4100%, 4/25/65<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 618634 | &nbsp;&nbsp;&nbsp;&nbsp; 596473 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2024-5 A1, 4.9500%, 7/25/68<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 5970900 | &nbsp;&nbsp; 5931239 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2025-6 A1, 5.5150%, 4/25/70<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 4587645 | &nbsp;&nbsp; 4625719 |
| &nbsp;&nbsp;&nbsp; Aqua Finance Trust 2021-A A, 1.5400%, 7/17/46<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 779468 | &nbsp;&nbsp;&nbsp;&nbsp; 720124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARES CLO Ltd 2019-53A A1R, CME Term SOFR 3 Month + 1.2800%, 5.5987%, <br> 10/24/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3163000 | &nbsp;&nbsp; 3167984 |
| &nbsp;&nbsp;&nbsp; Arivo Acceptance Auto Loan Receivables 2022-1A A, 3.9300%, 5/15/28<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Babson CLO Ltd LP-5A A, CME Term SOFR 3 Month + 1.2200%, 5.5455%, <br> 1/22/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6848787 | &nbsp;&nbsp; 6867044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bain Capital Credit CLO Ltd 2023-3A A1R, CME Term SOFR 3 Month + <br> 1.3100%, 5.5135%, 10/25/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5693000 | &nbsp;&nbsp; 5711675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ballyrock Ltd 2020-14A A1BR, CME Term SOFR 3 Month + 1.5800%, 5.9055%, <br> 7/20/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1159727 | &nbsp;&nbsp; 1164275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BAMLL Commercial Mortgage Securities Trust 2024-FRR2 E, 1.2731%, <br> 7/27/50<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1774000 | &nbsp;&nbsp; 1500287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BAMLL Commercial Mortgage Securities Trust 2024-FRR3 E, 0.4898%, <br> 1/27/50<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2396255 | &nbsp;&nbsp; 2144504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BAMLL Commercial Mortgage Securities Trust 2024-FRR4 E, 1.1153%, <br> 11/27/48<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 560000 | &nbsp;&nbsp;&nbsp;&nbsp; 546950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BAMLL Commercial Mortgage Securities Trust 2024-FRR4 F, 1.0466%, <br> 11/27/48<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1112000 | &nbsp;&nbsp; 1082678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund 2021-4 A11, US 30 Day Average SOFR + <br> 0.8500%, 5.0000%, 10/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5106482 | &nbsp;&nbsp; 4748493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund 2021-5 AF, US 30 Day Average SOFR + <br> 0.8500%, 5.0000%, 11/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4852953 | &nbsp;&nbsp; 4514258 |
| &nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund 2022-2 A1, 3.0000%, 12/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3742499 | &nbsp;&nbsp; 3235540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund VII 2025-EDU1 B, US 30 Day Average SOFR + <br> 1.7000%, 6.0333%, 7/27/48<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1750000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO Ltd 2018-15A A1R, CME Term SOFR 3 Month + <br> 1.3900%, 5.7076%, 7/15/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 9186000 | &nbsp;&nbsp; 9213401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO Ltd 2025-43A A, CME Term SOFR 3 Month + <br> 1.2700%, 5.1875%, 10/20/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8100000 | &nbsp;&nbsp; 8124300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust 2025-IND A, CME Term SOFR 1 Month + <br> 1.2000%, 5.3502%, 3/17/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6590000 | &nbsp;&nbsp; 6569139 |
| &nbsp;&nbsp;&nbsp; BPR Trust 2023-BRK2 A, 7.1465%, 10/5/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6286000 | &nbsp;&nbsp; 6610941 |
| &nbsp;&nbsp;&nbsp; BPR Trust 2024-PMDW A, 5.3580%, 11/5/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7398253 | &nbsp;&nbsp; 7527153 |
| &nbsp;&nbsp;&nbsp; BPR Trust 2024-PMDW D, 5.8500%, 11/5/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2865000 | &nbsp;&nbsp; 2817465 |
| &nbsp;&nbsp;&nbsp; Brean Asset Backed Securities Trust 2024-RM8 A1, 4.5000%, 5/25/64<sup>ž</sup> <br>| &nbsp;&nbsp; 3586628 | &nbsp;&nbsp; 3524349 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2019-OC11, 3.6050%, 12/9/41<sup>ž</sup> <br>| &nbsp;&nbsp; 1549000 | &nbsp;&nbsp; 1475007 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2019-OC11, 3.8560%, 12/9/41<sup>ž</sup> <br>| &nbsp;&nbsp; 4295000 | &nbsp;&nbsp; 4087207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2021-LBA AJV, CME Term SOFR 1 Month + <br> 0.9145%, 5.0655%, 2/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5348000 | &nbsp;&nbsp; 5342473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2021-LBA AV, CME Term SOFR 1 Month + <br> 0.9145%, 5.0655%, 2/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4808914 | &nbsp;&nbsp; 4807772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2021-VOLT B, CME Term SOFR 1 Month + <br> 1.0645%, 5.2146%, 9/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5995108 | &nbsp;&nbsp; 5976049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2021-VOLT D, CME Term SOFR 1 Month + <br> 1.7645%, 5.9146%, 9/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6296414 | &nbsp;&nbsp; 6273621 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2022-FOX2 A2, CME Term SOFR 1 Month + <br> 0.7492%, 4.8994%, 4/15/39<sup>ž,</sup><sup>‡</sup> <br>| $3661754 | $3654519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-AIR2 A, CME Term SOFR 1 Month + <br> 1.4923%, 5.6433%, 10/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6888832 | &nbsp;&nbsp; 6898992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-AIRC A, CME Term SOFR 1 Month + <br> 1.6912%, 5.8414%, 8/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8893855 | &nbsp;&nbsp; 8915430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-AIRC C, CME Term SOFR 1 Month + <br> 2.5900%, 6.7401%, 8/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2748669 | &nbsp;&nbsp; 2755455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-BRBK A, CME Term SOFR 1 Month + <br> 2.8796%, 7.0266%, 10/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3116919 | &nbsp;&nbsp; 3136487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-GPA3 A, CME Term SOFR 1 Month + <br> 1.2928%, 5.4430%, 12/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3834107 | &nbsp;&nbsp; 3839620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-GPA3 B, CME Term SOFR 1 Month + <br> 1.6423%, 5.7925%, 12/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1767729 | &nbsp;&nbsp; 1771057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-VLT4 A, CME Term SOFR 1 Month + <br> 1.4914%, 5.6416%, 6/17/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6380507 | &nbsp;&nbsp; 6379696 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-VLT5 A, 5.5908%, 11/13/46<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7894000 | &nbsp;&nbsp; 8038598 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-VLT5 B, 5.9949%, 11/13/46<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2036000 | &nbsp;&nbsp; 2085713 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-VLT5 C, 6.3984%, 11/13/46<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1086000 | &nbsp;&nbsp; 1118813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-DIME A, CME Term SOFR 1 Month + <br> 1.1500%, 5.3002%, 2/15/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6220000 | &nbsp;&nbsp; 6202042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-GW A, CME Term SOFR 1 Month + <br> 1.6000%, 5.7500%, 7/15/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2678000 | &nbsp;&nbsp; 2683598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-GW B, CME Term SOFR 1 Month + <br> 1.8500%, 6.0000%, 7/15/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7326000 | &nbsp;&nbsp; 7334357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-ROIC A, CME Term SOFR 1 Month + <br> 1.1438%, 5.2940%, 3/15/30<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7878274 | &nbsp;&nbsp; 7854590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-ROIC B, CME Term SOFR 1 Month + <br> 1.3935%, 5.5436%, 3/15/30<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1724275 | &nbsp;&nbsp; 1717960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-VLT7 A, CME Term SOFR 1 Month + <br> 1.7000%, 5.8502%, 7/15/44<sup>ž,</sup><sup>‡</sup> <br>| 12393000 | 12428328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Markets Strategies 2018-4A A2R, CME Term SOFR 3 Month + <br> 1.5600%, 5.8824%, 10/19/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8278000 | &nbsp;&nbsp; 8298357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Markets Strategies 2023-2A A1R, CME Term SOFR 3 Month + <br> 1.3200%, 5.6390%, 7/20/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8350000 | &nbsp;&nbsp; 8377474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CART 2024-DFW1 A, CME Term SOFR 1 Month + 1.6417%, 5.7919%, <br> 8/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4269000 | &nbsp;&nbsp; 4259326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CART 2024-DFW1 B, CME Term SOFR 1 Month + 2.2908%, 6.4410%, <br> 8/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3139063 | &nbsp;&nbsp; 3192794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CBAM CLO Management 2019-11RA A1, CME Term SOFR 3 Month + 1.4416%, <br> 5.7671%, 1/22/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7300000 | &nbsp;&nbsp; 7313827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CBAM CLO Management 2019-11RA B, CME Term SOFR 3 Month + 2.0116%, <br> 6.3371%, 1/22/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2775193 | &nbsp;&nbsp; 2776580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CBAMR Ltd 2018-5A A1R, CME Term SOFR 3 Month + 1.3400%, 5.4523%, <br> 10/18/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3820000 | &nbsp;&nbsp; 3831720 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2021-1A A1, 1.5300%, 3/15/61<sup>ž</sup> <br>| &nbsp;&nbsp; 7072247 | &nbsp;&nbsp; 5856624 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2021-1A B1, 1.9800%, 3/15/61<sup>ž</sup> <br>| &nbsp;&nbsp; 1461837 | &nbsp;&nbsp;&nbsp;&nbsp; 933704 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2022-1A A1, 5.9700%, 8/15/62<sup>ž</sup> <br>| &nbsp;&nbsp; 5396119 | &nbsp;&nbsp; 5210521 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2022-1A A2, 6.1100%, 8/15/62<sup>ž</sup> <br>| 15830210 | 14868805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chase Mortgage Finance Corp 2021-CL1 M1, US 30 Day Average SOFR + <br> 1.2000%, 5.5560%, 2/25/50<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2561987 | &nbsp;&nbsp; 2528945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CIFC Funding Ltd 2019-7A A1R, CME Term SOFR 3 Month + 1.2800%, <br> 5.3713%, 10/19/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6294000 | &nbsp;&nbsp; 6316753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COLT Funding LLC 2020-3, Refinitiv USD IBOR Consumer Cash Fallbacks 1 <br> Year + 1.2000%, 1.5060%, 4/27/65<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COMM Mortgage Trust 2024-WCL1 A, CME Term SOFR 1 Month + 1.8410%, <br> 5.9912%, 6/17/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4244767 | &nbsp;&nbsp; 4239669 |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer II LLC 2025-1A A1, 5.3160%, 5/25/50<sup>ž</sup> <br>| 10340000 | 10456728 |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer III LLC 2025-1A A2, 5.6560%, 2/25/50<sup>ž</sup> <br>| &nbsp;&nbsp; 5301000 | &nbsp;&nbsp; 5395853 |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer III LLC 2025-2A A2, 5.8350%, 2/25/50<sup>ž</sup> <br>| &nbsp;&nbsp; 3300000 | &nbsp;&nbsp; 3384688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2021-R02 2M2, US 30 Day Average SOFR <br> + 2.0000%, 6.3560%, 11/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7958319 | &nbsp;&nbsp; 8052991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2021-R03 1M1, US 30 Day Average SOFR <br> + 0.8500%, 5.2060%, 12/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 388363 | &nbsp;&nbsp;&nbsp;&nbsp; 387630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2021-R03 1M2, US 30 Day Average SOFR <br> + 1.6500%, 6.0060%, 12/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3943000 | &nbsp;&nbsp; 3960579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R01 1B1, US 30 Day Average SOFR + <br> 3.1500%, 7.5060%, 12/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6109000 | &nbsp;&nbsp; 6253126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R05 2M1, US 30 Day Average SOFR <br> + 1.9000%, 6.2560%, 4/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 131190 | &nbsp;&nbsp;&nbsp;&nbsp; 131468 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R07 1M1, US 30 Day Average SOFR <br> + 2.9500%, 7.3060%, 6/25/42<sup>ž,</sup><sup>‡</sup> <br>| $1005509 | $1031424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2023-R06 1M1, US 30 Day Average SOFR <br> + 1.7000%, 6.0560%, 7/27/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1959741 | &nbsp;&nbsp; 1966887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2023-R07 2M1, US 30 Day Average SOFR <br> + 1.9500%, 6.3060%, 9/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 825914 | &nbsp;&nbsp;&nbsp;&nbsp; 829951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2023-R08 1M1, US 30 Day Average SOFR <br> + 1.5000%, 5.8560%, 10/26/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1627557 | &nbsp;&nbsp; 1630033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R01 1M1, US 30 Day Average SOFR <br> + 1.0500%, 5.4060%, 1/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1620201 | &nbsp;&nbsp; 1621803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R03 2M1, US 30 Day Average SOFR <br> + 1.1500%, 5.5060%, 3/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 989488 | &nbsp;&nbsp;&nbsp;&nbsp; 990209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R04 1M1, US 30 Day Average SOFR <br> + 1.1000%, 5.4560%, 5/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1269178 | &nbsp;&nbsp; 1269466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R05 2M1, US 30 Day Average SOFR <br> + 1.0000%, 5.3560%, 7/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 747721 | &nbsp;&nbsp;&nbsp;&nbsp; 747393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R01 1M1, US 30 Day Average SOFR <br> + 1.1000%, 5.4560%, 1/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 923204 | &nbsp;&nbsp;&nbsp;&nbsp; 923585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R02 1M1, US 30 Day Average SOFR <br> + 1.1500%, 5.5060%, 2/27/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1841702 | &nbsp;&nbsp; 1842002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R03 2M1, US 30 Day Average SOFR <br> + 1.6000%, 5.9560%, 3/27/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5538156 | &nbsp;&nbsp; 5552553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R04 1M1, US 30 Day Average SOFR <br> + 1.2000%, 5.5560%, 5/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4772398 | &nbsp;&nbsp; 4777485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R05 2M1, US 30 Day Average SOFR <br> + 1.2000%, 5.5560%, 7/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2602689 | &nbsp;&nbsp; 2607648 |
| &nbsp;&nbsp;&nbsp; COOPR Residential Mortage Trust 2025-CES3 A1A, 4.8400%, 9/25/60<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3466000 | &nbsp;&nbsp; 3459590 |
| &nbsp;&nbsp;&nbsp; COOPR Residential Mortgage Trust 2025-CES2 A1A, 5.5020%, 6/25/60<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 1540548 | &nbsp;&nbsp; 1554409 |
| &nbsp;&nbsp;&nbsp; CPF IV LLC / CP EF Asset Securitization LLC 2023-1A A, 7.4800%, 3/15/32<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 833493 | &nbsp;&nbsp;&nbsp;&nbsp; 841249 |
| &nbsp;&nbsp;&nbsp; CPT Mortgage Trust 2019-CPT F, 3.0967%, 11/13/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6204000 | &nbsp;&nbsp; 4759191 |
| &nbsp;&nbsp;&nbsp; CRB Securitization Trust 2023-1 A, 6.9600%, 10/20/33<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Croton Park CLO Ltd, CME Term SOFR 3 Month + 1.5600%, 5.8776%, <br> 10/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4289000 | &nbsp;&nbsp; 4299481 |
| &nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC 2023-1A B, 5.4500%, 4/20/48<sup>ž</sup> <br>| &nbsp;&nbsp; 1143698 | &nbsp;&nbsp; 1135603 |
| &nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC 2023-2A A2, 5.5600%, 11/20/48<sup>ž</sup> <br>| &nbsp;&nbsp; 1251249 | &nbsp;&nbsp; 1264305 |
| &nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC 2024-1A A2, 4.7600%, 3/22/49<sup>ž</sup> <br>| &nbsp;&nbsp; 2520871 | &nbsp;&nbsp; 2492659 |
| &nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC 2024-2A A2, 4.5000%, 5/20/49<sup>ž</sup> <br>| &nbsp;&nbsp; 3192000 | &nbsp;&nbsp; 3139652 |
| &nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC 2024-3A A2, 4.6500%, 5/20/49<sup>ž</sup> <br>| &nbsp;&nbsp; 7528000 | &nbsp;&nbsp; 7311011 |
| &nbsp;&nbsp;&nbsp; DATA Mortgage Trust 2024-CTR2 A, 5.4756%, 5/10/46<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 887107 | &nbsp;&nbsp;&nbsp;&nbsp; 894000 |
| &nbsp;&nbsp;&nbsp; DB Master Finance LLC 2017-1A A2II, 4.0300%, 11/20/47<sup>ž</sup> <br>| &nbsp;&nbsp; 1302400 | &nbsp;&nbsp; 1287198 |
| &nbsp;&nbsp;&nbsp; DC Commercial Mortgage Trust 2023-DC B, 6.8043%, 9/12/40<sup>ž</sup> <br>| &nbsp;&nbsp; 5000717 | &nbsp;&nbsp; 5176876 |
| &nbsp;&nbsp;&nbsp; Diamond Infrastructure Funding LLC 2021-1A A, 1.7600%, 4/15/49<sup>ž</sup> <br>| &nbsp;&nbsp; 7083000 | &nbsp;&nbsp; 6820590 |
| &nbsp;&nbsp;&nbsp; Domino's Pizza Master Issuer LLC, 4.3280%, 7/25/48<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 194237 | &nbsp;&nbsp;&nbsp;&nbsp; 193051 |
| &nbsp;&nbsp;&nbsp; Ellington Financial Mortgage Trust 2025-CES1 A1A, 5.7260%, 1/25/60<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 1640982 | &nbsp;&nbsp; 1659909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elmwood CLO X Ltd 2021-3A AR2, CME Term SOFR 3 Month + 1.3000%, <br> 5.5577%, 7/20/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6001000 | &nbsp;&nbsp; 6019123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust 2025-ESH A, CME Term SOFR 1 Month + <br> 1.3000%, 5.4500%, 10/15/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4168000 | &nbsp;&nbsp; 4164103 |
| &nbsp;&nbsp;&nbsp; Fannie Mae REMICS 2018-27 EA, 3.0000%, 5/25/48 | &nbsp;&nbsp; 3731734 | &nbsp;&nbsp; 3387616 |
| &nbsp;&nbsp;&nbsp; Fannie Mae REMICS 2019-71 P, 3.0000%, 11/25/49 | &nbsp;&nbsp; 4888771 | &nbsp;&nbsp; 4379738 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2024-HE1 A, 6.1650%, 3/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2224161 | &nbsp;&nbsp; 2284081 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2024-HE2 A, 6.3800%, 5/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1950712 | &nbsp;&nbsp; 2008661 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2024-HE3 A, 5.9370%, 7/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1399433 | &nbsp;&nbsp; 1430054 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2024-HE4 A, 5.0560%, 9/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2810840 | &nbsp;&nbsp; 2827400 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-FL1 A1, 5.2650%, 7/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3647974 | &nbsp;&nbsp; 3656237 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-HE2 A, 5.7750%, 3/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3083404 | &nbsp;&nbsp; 3139935 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-HE3 A, 5.5600%, 5/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3349957 | &nbsp;&nbsp; 3396612 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-HE4 A, 5.4080%, 7/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2112680 | &nbsp;&nbsp; 2136262 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-HE5 A, 5.2850%, 8/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2285292 | &nbsp;&nbsp; 2305740 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-PF2 A, 5.0170%, 10/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6115000 | &nbsp;&nbsp; 6114908 |
| &nbsp;&nbsp;&nbsp; Finance of America Structured Securities Trust 2025-S1 A1, 3.5000%, 2/25/75<sup>ž</sup> <br>| &nbsp;&nbsp; 2479259 | &nbsp;&nbsp; 2396032 |
| &nbsp;&nbsp;&nbsp; Flagstar Mortgage Trust 2021-13IN A2, 3.0000%, 12/30/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7442121 | &nbsp;&nbsp; 6426223 |
| &nbsp;&nbsp;&nbsp; Foundation Finance Trust 2025-2A A, 4.6700%, 4/15/52<sup>ž</sup> <br>| &nbsp;&nbsp; 4066558 | &nbsp;&nbsp; 4086663 |
| &nbsp;&nbsp;&nbsp; Freddie Mac - SLST 2020-2 M1, 4.7500%, 9/25/60<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 708367 | &nbsp;&nbsp;&nbsp;&nbsp; 704009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2021-HQA3 M2, US <br> 30 Day Average SOFR + 2.1000%, 6.4560%, 9/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1319182 | &nbsp;&nbsp; 1326723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2021-HQA4 M2, US <br> 30 Day Average SOFR + 2.3500%, 6.7060%, 12/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7413000 | &nbsp;&nbsp; 7486655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2022-HQA1 M1A, US <br> 30 Day Average SOFR + 2.1000%, 6.4560%, 3/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2011910 | &nbsp;&nbsp; 2020148 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2023-DNA2 M1A, US <br> 30 Day Average SOFR + 2.1000%, 6.4480%, 4/27/43<sup>ž,</sup><sup>‡</sup> <br>| $1249234 | $1266590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2023-HQA2 M1A, US <br> 30 Day Average SOFR + 2.0000%, 6.3560%, 6/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 169998 | &nbsp;&nbsp;&nbsp;&nbsp; 170445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2023-HQA3 M1, US <br> 30 Day Average SOFR + 1.8500%, 6.2060%, 11/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1639307 | &nbsp;&nbsp; 1646093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2024-DNA2 M1, US <br> 30 Day Average SOFR + 1.2000%, 5.5560%, 5/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2507355 | &nbsp;&nbsp; 2508920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2024-DNA3 M1, US <br> 30 Day Average SOFR + 1.0000%, 5.3560%, 10/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 762043 | &nbsp;&nbsp;&nbsp;&nbsp; 761686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-DNA1 M1, US <br> 30 Day Average SOFR + 1.0500%, 5.4060%, 1/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1837361 | &nbsp;&nbsp; 1837469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-DNA2 M1, US <br> 30 Day Average SOFR + 1.2000%, 5.5560%, 5/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1187982 | &nbsp;&nbsp; 1188548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-DNA3 M1, US <br> 30 Day Average SOFR + 1.1000%, 5.4704%, 9/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1376000 | &nbsp;&nbsp; 1376032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-HQA1 M1, US <br> 30 Day Average SOFR + 1.1500%, 5.5060%, 2/27/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4469618 | &nbsp;&nbsp; 4469505 |
| &nbsp;&nbsp;&nbsp; FREMF Mortgage Trust 2023-K511 C, 5.8224%, 11/25/28<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1347000 | &nbsp;&nbsp; 1256941 |
| &nbsp;&nbsp;&nbsp; GCAT 2023-INV1 A1, 6.0000%, 8/25/53<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5315828 | &nbsp;&nbsp; 5388267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden Tree Loan Management US CLO1 Ltd 2023-17A AR, CME Term SOFR 3 <br> Month + 1.2800%, 5.6055%, 1/20/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6961000 | &nbsp;&nbsp; 6977102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gracie Point International Funding 2024-1A A, US 90 Day Average SOFR + <br> 1.7000%, 6.0555%, 3/1/28<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1985000 | &nbsp;&nbsp; 1988858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gracie Point International Funding 2025-1A A, US 30 Day Average SOFR + <br> 1.5000%, 5.8721%, 8/15/28<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3606000 | &nbsp;&nbsp; 3612726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Great Wolf Trust 2024-WLF2 A, CME Term SOFR 1 Month + 1.6912%, 5.8414%, <br> 5/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7775000 | &nbsp;&nbsp; 7789101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust 2025-800D A, CME Term SOFR 1 Month + <br> 2.6500%, 6.7858%, 11/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 9296000 | &nbsp;&nbsp; 9320746 |
| &nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securites Trust 2025-CES2 A1, 5.1800%, 9/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 4715000 | &nbsp;&nbsp; 4714957 |
| &nbsp;&nbsp;&nbsp; Homeward Opportunities Fund I Trust 2024-RRTL2 A1, 5.9890%, 9/25/39<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3066000 | &nbsp;&nbsp; 3076397 |
| &nbsp;&nbsp;&nbsp; Homeward Opportunities Fund I Trust 2024-RTL1 A1, 7.1200%, 7/25/29<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 6504000 | &nbsp;&nbsp; 6528512 |
| &nbsp;&nbsp;&nbsp; Homeward Opportunities Fund I Trust 2025-RRTL1 A1, 5.4760%, 3/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 5206000 | &nbsp;&nbsp; 5232786 |
| &nbsp;&nbsp;&nbsp; Homeward Opportunities Fund I Trust 2025-RRTL2 A1, 5.2370%, 9/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2133000 | &nbsp;&nbsp; 2139188 |
| &nbsp;&nbsp;&nbsp; Hudson's Bay Simon JV Trust 2015-HB10 A10, 4.1545%, 8/5/34<sup>ž</sup> <br>| &nbsp;&nbsp; 1475000 | &nbsp;&nbsp; 1429696 |
| &nbsp;&nbsp;&nbsp; Hudson's Bay Simon JV Trust 2015-HB7 A7, 3.9141%, 8/5/34<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 260037 | &nbsp;&nbsp;&nbsp;&nbsp; 258802 |
| &nbsp;&nbsp;&nbsp; Hudson's Bay Simon JV Trust 2015-HB7 B7, 4.6662%, 8/5/34<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 146000 | &nbsp;&nbsp;&nbsp;&nbsp; 145022 |
| &nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust 2025-5MPR A1D, 5.5000%, 11/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2325469 | &nbsp;&nbsp; 2334887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KRE Commercial Mortgage Trust 2025-AIP4 A, CME Term SOFR 1 Month + <br> 1.3000%, 5.4502%, 3/17/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5588000 | &nbsp;&nbsp; 5579815 |
| &nbsp;&nbsp;&nbsp; LAD Auto Receivables Trust 2022-1A A, 5.2100%, 6/15/27<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LBA Trust 2024-BOLT A, CME Term SOFR 1 Month + 1.5911%, 5.7413%, <br> 6/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5125301 | &nbsp;&nbsp; 5126754 |
| &nbsp;&nbsp;&nbsp; Lendbuzz Securitization Trust 2021-1A A, 4.2200%, 5/17/27<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 686528 | &nbsp;&nbsp;&nbsp;&nbsp; 685640 |
| &nbsp;&nbsp;&nbsp; Lendbuzz Securitization Trust 2023-1A A2, 6.9200%, 8/15/28<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 767680 | &nbsp;&nbsp;&nbsp;&nbsp; 776609 |
| &nbsp;&nbsp;&nbsp; Lex Commercial Loan Master Trust 2024-BBG A, 5.0361%, 10/13/33<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1720000 | &nbsp;&nbsp; 1731355 |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust 2024-RTL2 A1, 7.1280%, 3/25/29<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 1668736 | &nbsp;&nbsp; 1683492 |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust 2024-RTL3 A1, 6.9000%, 5/25/29<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2098285 | &nbsp;&nbsp; 2123193 |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust 2024-RTL4 A1, 5.9210%, 7/25/39<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 6445724 | &nbsp;&nbsp; 6490403 |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust 2025-RTL3 A1, 5.2390%, 8/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 1800000 | &nbsp;&nbsp; 1806272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Financial Services Trust 2021-BMR C, CME Term SOFR 1 Month + 1.2145%, <br> 5.3645%, 3/15/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 704772 | &nbsp;&nbsp;&nbsp;&nbsp; 702445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Financial Services Trust 2022-BMR2 A1, CME Term SOFR 1 Month + <br> 1.2952%, 5.4454%, 5/16/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6610000 | &nbsp;&nbsp; 6427990 |
| &nbsp;&nbsp;&nbsp; M&T Equipment Notes 2023-1A A3, 5.7400%, 7/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 1145182 | &nbsp;&nbsp; 1153050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding Ltd 2019-34A A2RR, CME Term SOFR 3 Month + <br> 1.6000%, 5.9178%, 10/16/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3126000 | &nbsp;&nbsp; 3134320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding Ltd 2022-55A A1R, CME Term SOFR 3 Month + <br> 1.3600%, 5.6890%, 7/20/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 9324578 | &nbsp;&nbsp; 9353328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding Ltd 2022-62A A1R2, CME Term SOFR 3 Month + <br> 1.3000%, 5.6229%, 7/16/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6529000 | &nbsp;&nbsp; 6551349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding Ltd 2025-73A A1, CME Term SOFR 3 Month + 1.3000%, <br> 5.2630%, 10/18/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7208000 | &nbsp;&nbsp; 7226397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnetite CLO Ltd 2025-50A A1, CME Term SOFR 3 Month + 1.2800%, <br> 5.5888%, 7/26/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5107000 | &nbsp;&nbsp; 5123598 |
| &nbsp;&nbsp;&nbsp; Marlette Funding Trust 2023-2A B, 6.5400%, 6/15/33<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mello Mortgage Capital Acceptance Trust 2021-INV2 A11, US 30 Day Average <br> SOFR + 0.9500%, 5.0000%, 8/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3681696 | &nbsp;&nbsp; 3436121 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mello Mortgage Capital Acceptance Trust 2021-INV3 A11, US 30 Day Average <br> SOFR + 0.9500%, 5.0000%, 10/25/51<sup>ž,</sup><sup>‡</sup> <br>| $4714214 | $4401240 |
| &nbsp;&nbsp;&nbsp; Mello Mortgage Capital Acceptance Trust 2024-SD1 A1, 4.0000%, 4/25/54<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 1886984 | &nbsp;&nbsp; 1856089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MHC Commercial Mortgage Trust 2021-MHC A, CME Term SOFR 1 Month + <br> 0.9154%, 5.0654%, 4/15/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1293573 | &nbsp;&nbsp; 1293157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MHC Commercial Mortgage Trust 2021-MHC C, CME Term SOFR 1 Month + <br> 1.4654%, 5.6154%, 4/15/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4734268 | &nbsp;&nbsp; 4732037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan Trust 2025-SPL1 A1, US 30 Day <br> Average SOFR + 1.4000%, 4.2500%, 2/25/65<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2503000 | &nbsp;&nbsp; 2443499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neuberger Berman CLO Ltd 2019-32RA A, CME Term SOFR 3 Month + <br> 1.3100%, 5.6390%, 7/20/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6122645 | &nbsp;&nbsp; 6133633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust 2018-2, Refinitiv USD IBOR Consumer <br> Cash Fallbacks 6 Months + 0.6800%, 4.5000%, 2/25/58<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1322213 | &nbsp;&nbsp; 1304152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust 2024-NQM2 A1, US 30 Day Average <br> SOFR + 0.1400%, 5.1170%, 9/25/64<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3978928 | &nbsp;&nbsp; 3984975 |
| &nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust 2024-RTL2 A1, 5.4430%, 9/25/39<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2492000 | &nbsp;&nbsp; 2512105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRTH PARK Mortgage Trust 2024-PARK A, CME Term SOFR 1 Month + <br> 1.6413%, 5.7915%, 3/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 9402000 | &nbsp;&nbsp; 9393082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRTH PARK Mortgage Trust 2025-PARK A, CME Term SOFR 1 Month + <br> 1.3933%, 5.5433%, 10/15/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5121000 | &nbsp;&nbsp; 5107845 |
| &nbsp;&nbsp;&nbsp; NRZ Excess Spread Collateralized Notes 2020-PLS1 A, 3.8440%, 12/25/25<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 554534 | &nbsp;&nbsp;&nbsp;&nbsp; 552146 |
| &nbsp;&nbsp;&nbsp; NRZ Excess Spread Collateralized Notes 2021-FHT1 A, 3.1040%, 7/25/26<sup>ž</sup> <br>| &nbsp;&nbsp; 1530336 | &nbsp;&nbsp; 1498778 |
| &nbsp;&nbsp;&nbsp; NRZ Excess Spread Collateralized Notes 2024-FNT1 A, 7.3980%, 11/25/31<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3139994 | &nbsp;&nbsp; 3173536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oak Hill Credit Partners 2020-7A A1R2, CME Term SOFR 3 Month + 1.2800%, <br> 5.5438%, 7/19/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6600000 | &nbsp;&nbsp; 6616500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oak Hill Credit Partners 2021-9A A2R, CME Term SOFR 3 Month + 1.5800%, <br> 5.9055%, 10/19/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4518000 | &nbsp;&nbsp; 4539577 |
| &nbsp;&nbsp;&nbsp; Oak Street Investment Grade Net Lease Fund 2020-1A A1, 1.8500%, 11/20/50<sup>ž</sup> <br>| &nbsp;&nbsp; 4236951 | &nbsp;&nbsp; 4044074 |
| &nbsp;&nbsp;&nbsp; Oasis Securitization 2024-1A A, 5.8800%, 9/30/38<sup>§</sup> <br>| &nbsp;&nbsp; 1305000 | &nbsp;&nbsp; 1302542 |
| &nbsp;&nbsp;&nbsp; Oasis Securitization 2025-1A A, 6.3550%, 8/15/39<sup>ž</sup> <br>| &nbsp;&nbsp; 3678000 | &nbsp;&nbsp; 3698499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCP CLO Ltd 2020-18A A2R2, CME Term SOFR 3 Month + 1.5700%, 5.8955%, <br> 7/20/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2037063 | &nbsp;&nbsp; 2042092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCP CLO Ltd 2020-8RA AR, CME Term SOFR 3 Month + 1.2500%, 5.5724%, <br> 10/17/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6848787 | &nbsp;&nbsp; 6857483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCP CLO Ltd 2025-44A A, CME Term SOFR 3 Month + 1.3000%, 5.5622%, <br> 10/25/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3400000 | &nbsp;&nbsp; 3410639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Octagon Investment Partners 42 Ltd 2019-3A A2RR, CME Term SOFR 3 Month <br> + 1.5600%, 5.8776%, 7/15/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 695086 | &nbsp;&nbsp;&nbsp;&nbsp; 696791 |
| &nbsp;&nbsp;&nbsp; Onslow Bay Financial LLC 2022-INV1 A1, 3.0000%, 12/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1579202 | &nbsp;&nbsp; 1363359 |
| &nbsp;&nbsp;&nbsp; Onslow Bay Financial LLC 2022-INV1 A18, 3.0000%, 12/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4178728 | &nbsp;&nbsp; 3594623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OPEN Trust 2023-AIR A, CME Term SOFR 1 Month + 3.0891%, 7.2392%, <br> 11/15/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 268512 | &nbsp;&nbsp;&nbsp;&nbsp; 268419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OPEN Trust 2023-AIR C, CME Term SOFR 1 Month + 5.2359%, 9.3861%, <br> 11/15/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1240006 | &nbsp;&nbsp; 1239588 |
| &nbsp;&nbsp;&nbsp; Pretium Mortgage Credit Partners LLC 2025-RPL1 A1, 4.0000%, 7/25/69<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3100192 | &nbsp;&nbsp; 3027409 |
| &nbsp;&nbsp;&nbsp; Pretium Mortgage Credit Partners LLC 2025-RPL2 A1, 4.0000%, 8/25/64<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3550493 | &nbsp;&nbsp; 3467982 |
| &nbsp;&nbsp;&nbsp; PRP Advisors LLC 2024-RCF2 A1, 3.7500%, 3/25/54<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 1310247 | &nbsp;&nbsp; 1283840 |
| &nbsp;&nbsp;&nbsp; PRP Advisors LLC 2025-RCF4 A1, 4.5000%, 8/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2354577 | &nbsp;&nbsp; 2330680 |
| &nbsp;&nbsp;&nbsp; PRP Advisors LLC 2025-RPL3 A1, 3.2500%, 4/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2940195 | &nbsp;&nbsp; 2856719 |
| &nbsp;&nbsp;&nbsp; PRP Advisors LLC 2025-RPL4 A1, 3.0000%, 5/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 4500365 | &nbsp;&nbsp; 4223849 |
| &nbsp;&nbsp;&nbsp; QTS Issuer ABS I LLC 2025-1A A2, 5.4390%, 5/25/55<sup>ž</sup> <br>| 12500000 | 12759396 |
| &nbsp;&nbsp;&nbsp; QTS Issuer ABS I LLC 2025-1A B, 5.9280%, 5/25/55<sup>ž</sup> <br>| &nbsp;&nbsp; 9219000 | &nbsp;&nbsp; 9326296 |
| &nbsp;&nbsp;&nbsp; QTS Issuer ABS II LLC 2025-1A A2, 5.0440%, 10/5/55<sup>ž</sup> <br>| &nbsp;&nbsp; 6480000 | &nbsp;&nbsp; 6457529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regatta XXIII Funding Ltd 2021-4A B, CME Term SOFR 3 Month + 1.9616%, <br> 6.2871%, 1/22/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2192711 | &nbsp;&nbsp; 2200605 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2023-FIG3 A, 7.0670%, 8/25/53<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6208036 | &nbsp;&nbsp; 6409883 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2023-FIG4 A, 6.7180%, 11/25/53<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3213930 | &nbsp;&nbsp; 3315302 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2024-CES1 A1, 6.3060%, 3/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1844388 | &nbsp;&nbsp; 1865495 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2024-FIG5 A, 6.2550%, 4/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2296163 | &nbsp;&nbsp; 2316272 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2024-RTL5 A1, 7.7620%, 4/25/30<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3981548 | &nbsp;&nbsp; 4031174 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2024-RTL6 A1, 7.4390%, 7/25/30<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 4801500 | &nbsp;&nbsp; 4845999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCG Hotel Issuer Inc 2025-DLFN A, CME Term SOFR 1 Month + 1.2000%, <br> 5.3502%, 3/15/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7499000 | &nbsp;&nbsp; 7471574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SELF Commercial Mortgage Trust 2024-STRG A, CME Term SOFR 1 Month + <br> 1.5423%, 5.6924%, 11/15/34<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7206000 | &nbsp;&nbsp; 7191504 |
| &nbsp;&nbsp;&nbsp; Sequoia Mortgage Trust 2013-5, 2.5000%, 5/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 448100 | &nbsp;&nbsp;&nbsp;&nbsp; 398620 |
| &nbsp;&nbsp;&nbsp; Sequoia Mortgage Trust 2020-2, 3.5000%, 3/25/50<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 345076 | &nbsp;&nbsp;&nbsp;&nbsp; 309278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sixth Street CLO Ltd 2017-9A AR, CME Term SOFR 3 Month + 1.3800%, <br> 5.7055%, 7/21/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6450000 | &nbsp;&nbsp; 6466854 |
| &nbsp;&nbsp;&nbsp; SMRT 2022-MINI A, CME Term SOFR 1 Month + 1.0000%, 5.1510%, 1/17/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3548000 | &nbsp;&nbsp; 3538748 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SREIT Trust 2021-MFP A, CME Term SOFR 1 Month + 0.8453%, 4.9954%, <br> 11/15/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; $684495 | &nbsp;&nbsp;&nbsp;&nbsp; $682903 |
| &nbsp;&nbsp;&nbsp; Taco Bell Funding LLC 2021-1A A2II, 2.2940%, 8/25/51<sup>ž</sup> <br>| &nbsp;&nbsp; 1466872 | &nbsp;&nbsp;&nbsp;&nbsp; 1353239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TEXAS Commercial Mortgage Trust 2025-TWR A, CME Term SOFR 1 Month + <br> 1.2931%, 5.4433%, 4/15/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2053000 | &nbsp;&nbsp;&nbsp;&nbsp; 2046921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas Debt Capital CLO Ltd 2023-2A A1R, CME Term SOFR 3 Month + <br> 1.3700%, 5.6955%, 10/21/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6913000 | &nbsp;&nbsp;&nbsp;&nbsp; 6932094 |
| &nbsp;&nbsp;&nbsp; THE 2023-MIC Trust 2023-MIC A, 8.7315%, 12/5/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4402712 | &nbsp;&nbsp;&nbsp;&nbsp; 4768523 |
| &nbsp;&nbsp;&nbsp; The Huntington National Bank 2024-2 B1, 5.4420%, 10/20/32<sup>ž</sup> <br>| &nbsp;&nbsp; 1824040 | &nbsp;&nbsp;&nbsp;&nbsp; 1841637 |
| &nbsp;&nbsp;&nbsp; Toorak Mortgage Corp 2025-RRTL1 A1, 5.5240%, 2/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 1960000 | &nbsp;&nbsp;&nbsp;&nbsp; 1972497 |
| &nbsp;&nbsp;&nbsp; TYSN 2023-CRNR Mortgage Trust 2023-CRNR A, 6.7991%, 12/10/33<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6674443 | &nbsp;&nbsp;&nbsp;&nbsp; 7044590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC 2021-INV1 A9, US 30 Day Average SOFR + <br> 0.9000%, 5.0000%, 8/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4507581 | &nbsp;&nbsp;&nbsp;&nbsp; 4198054 |
| &nbsp;&nbsp;&nbsp; Vantage Data Centers LLC 2020-2A A2, 1.9920%, 9/15/45<sup>ž</sup> <br>| &nbsp;&nbsp; 4083000 | &nbsp;&nbsp;&nbsp;&nbsp; 3863178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VASA Trust 2021-VASA A, CME Term SOFR 1 Month + 1.0145%, 5.1655%, <br> 7/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3768000 | &nbsp;&nbsp;&nbsp;&nbsp; 3676757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Voya CLO Ltd 2024-4A A2, CME Term SOFR 3 Month + 1.5500%, 5.8755%, <br> 7/20/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2638439 | &nbsp;&nbsp;&nbsp;&nbsp; 2644308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust 2021-SAVE A, CME Term SOFR 1 <br> Month + 1.3645%, 5.5155%, 2/15/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 548796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust 2024-MGP A11, CME Term SOFR 1 <br> Month + 1.9907%, 6.1409%, 8/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 9691967 | &nbsp;&nbsp;&nbsp;&nbsp; 9655686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust 2024-MGP B11, CME Term SOFR 1 <br> Month + 2.4900%, 6.6402%, 8/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3694749 | &nbsp;&nbsp;&nbsp;&nbsp; 3668079 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust 2025-VTT A, 5.2704%, 3/15/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7753000 | &nbsp;&nbsp;&nbsp;&nbsp; 7781490 |
| &nbsp;&nbsp;&nbsp; Wendy's Funding LLC 2021-1A A2I, 2.3700%, 6/15/51<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 990257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 916023 |
| &nbsp;&nbsp;&nbsp; Wendy's Funding LLC 2021-1A A2II, 2.7750%, 6/15/51<sup>ž</sup> <br>| &nbsp;&nbsp; 2399478 | &nbsp;&nbsp;&nbsp;&nbsp; 2149150 |
| &nbsp;&nbsp;&nbsp; Wendy's Funding LLC 2022-1A A2I, 4.2360%, 3/15/52<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 778837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 765718 |
| &nbsp;&nbsp;&nbsp; Westgate Resorts 2022-1A A, 1.7880%, 8/20/36<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 361418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woodward Capital Management 2021-3 A21, US 30 Day Average SOFR + <br> 0.8000%, 5.0000%, 7/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3555977 | &nbsp;&nbsp;&nbsp;&nbsp; 3298918 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2023-CES1 A1A, 6.5150%, 6/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1292522 | &nbsp;&nbsp;&nbsp;&nbsp; 1301091 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES1 A1A, 6.0250%, 2/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2371239 | &nbsp;&nbsp;&nbsp;&nbsp; 2395184 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES2 A1A, 6.1410%, 4/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4926761 | &nbsp;&nbsp;&nbsp;&nbsp; 4982427 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES5 A1A, 5.8460%, 8/25/44<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 4463580 | &nbsp;&nbsp;&nbsp;&nbsp; 4494412 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES6 A1A, 5.3440%, 9/25/44<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3665508 | &nbsp;&nbsp;&nbsp;&nbsp; 3670392 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES7 A1A, 5.1580%, 10/25/44<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 5717366 | &nbsp;&nbsp;&nbsp;&nbsp; 5724131 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES9 A1A, 5.5820%, 12/25/44<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3011917 | &nbsp;&nbsp;&nbsp;&nbsp; 3042010 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES1 A1A, 5.6530%, 1/25/45<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 290552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293493 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES2 A1A, 5.5030%, 2/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3058695 | &nbsp;&nbsp;&nbsp;&nbsp; 3089666 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES3 A1A, 5.5530%, 3/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 1790735 | &nbsp;&nbsp;&nbsp;&nbsp; 1810937 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES6 A1A, 5.4720%, 6/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 1646776 | &nbsp;&nbsp;&nbsp;&nbsp; 1662956 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES7 A1A, 5.3770%, 7/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2318874 | &nbsp;&nbsp;&nbsp;&nbsp; 2338944 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES8 A1A, 5.1477%, 8/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4124542 | &nbsp;&nbsp;&nbsp;&nbsp; 4121503 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES9 A1A, 4.7950%, 9/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2751000 | &nbsp;&nbsp;&nbsp;&nbsp; 2750977 |
| Total Asset-Backed/Commercial Mortgage-Backed Securities (cost $940,433,081) |  | 938869053 |
| Bank Loans and Mezzanine Loans – 3.4% |  |  |
| Basic Industry – 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Qnity Electronics Inc, CME Term SOFR 1 Month + 2.0000%, 6.3513%, <br> 8/12/32<sup>ƒ</sup><sup>,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2148000 | &nbsp;&nbsp;&nbsp;&nbsp; 2145315 |
| Capital Goods – 0.6% |  |  |
| &nbsp;&nbsp;&nbsp; EMRLD Borrower LP, CME Term SOFR 3 Month + 2.5000%, 6.5660%, 8/4/31<sup>‡</sup> <br>| 13578547 | &nbsp;&nbsp; 13513235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings Inc, CME Term SOFR 1 Month + 2.2500%, 6.4134%, <br> 2/10/32<sup>‡</sup> <br>| &nbsp;&nbsp; 2564930 | &nbsp;&nbsp;&nbsp;&nbsp; 2563186 |
|  |  | &nbsp;&nbsp; 16076421 |
| Consumer Cyclical – 0.8% |  |  |
| &nbsp;&nbsp;&nbsp; Delta 2 Lux Sarl, CME Term SOFR 3 Month + 2.0000%, 6.0015%, 9/30/31<sup>‡</sup> <br>| &nbsp;&nbsp; 4098312 | &nbsp;&nbsp;&nbsp;&nbsp; 4097041 |
| &nbsp;&nbsp;&nbsp; Delta 2 Lux Sarl, CME Term SOFR 3 Month + 2.0000%, 6.2956%, 9/30/31<sup>‡</sup> <br>| &nbsp;&nbsp; 8196704 | &nbsp;&nbsp;&nbsp;&nbsp; 8194163 |
| &nbsp;&nbsp;&nbsp; Life Time Inc, CME Term SOFR 1 Month + 2.0000%, 6.2549%, 11/5/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6758 |
| &nbsp;&nbsp;&nbsp; UFC Holdings LLC, CME Term SOFR 3 Month + 2.0000%, 6.0378%, 11/21/31<sup>‡</sup> <br>| &nbsp;&nbsp; 8197156 | &nbsp;&nbsp;&nbsp;&nbsp; 8206091 |
|  |  | &nbsp;&nbsp; 20504053 |
| Consumer Non-Cyclical – 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lavender US Holdco 1 Inc, CME Term SOFR 1 Month + 3.2500%, 7.3929%, <br> 9/27/32<sup>ƒ</sup><sup>,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5730066 | &nbsp;&nbsp;&nbsp;&nbsp; 5730065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medline Borrower LP, CME Term SOFR 1 Month + 2.0000%, 6.1634%, <br> 10/23/30<sup>‡</sup> <br>| &nbsp;&nbsp; 6275577 | &nbsp;&nbsp;&nbsp;&nbsp; 6271687 |
|  |  | &nbsp;&nbsp; 12001752 |
| Electric – 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alpha Generation LLC, CME Term SOFR 1 Month + 2.0000%, 6.1634%, <br> 9/30/31<sup>‡</sup> <br>| &nbsp;&nbsp; 4032528 | &nbsp;&nbsp;&nbsp;&nbsp; 4024462 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Bank Loans and Mezzanine Loans – (continued) |  |  |
| Financial Institutions – 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deep Blue Operating I LLC, CME Term SOFR 1 Month + 2.7500%, 6.9731%, <br> 9/17/32<sup>ƒ</sup><sup>,</sup><sup>‡</sup> <br>| $3829815 | &nbsp;&nbsp; $3829815 |
| Technology – 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clearwater Analytics LLC, CME Term SOFR 6 Month + 2.2500%, 6.4605%, <br> 4/21/32<sup>‡</sup> <br>| &nbsp;&nbsp; 2895000 | &nbsp;&nbsp;&nbsp;&nbsp; 2895000 |
| Transportation – 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Student Bidco Inc, CME Term SOFR 3 Month + 2.5000%, 6.7114%, <br> 8/15/30<sup>‡</sup> <br>| 10511881 | &nbsp;&nbsp; 10511881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Student Bidco Inc, CME Term SOFR 3 Month + 2.5000%, 6.7114%, <br> 8/15/30<sup>‡</sup> <br>| &nbsp;&nbsp; 1923412 | &nbsp;&nbsp;&nbsp;&nbsp; 1924220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Genesee & Wyoming Inc, CME Term SOFR 3 Month + 1.7500%, 5.7515%, <br> 4/10/31<sup>‡</sup> <br>| 12638878 | &nbsp;&nbsp; 12584784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC, CME Term SOFR 3 Month + 2.7500%, 7.0794%, <br> 4/9/32<sup>‡</sup> <br>| &nbsp;&nbsp; 5418000 | &nbsp;&nbsp;&nbsp;&nbsp; 5413936 |
|  |  | &nbsp;&nbsp; 30434821 |
| Total Bank Loans and Mezzanine Loans (cost $91,940,408) |  | &nbsp;&nbsp; 91911639 |
| Corporate Bonds – 27.0% |  |  |
| Banking – 4.7% |  |  |
| &nbsp;&nbsp;&nbsp; American Express Co, SOFR + 1.2200%, 4.9180%, 7/20/33<sup>‡</sup> <br>| &nbsp;&nbsp; 6354000 | &nbsp;&nbsp;&nbsp;&nbsp; 6464613 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp, SOFR + 1.0000%, 5.1620%, 1/24/31<sup>‡</sup> <br>| 10474000 | &nbsp;&nbsp; 10810061 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp, SOFR + 1.6970%, 5.7440%, 2/12/36<sup>‡</sup> <br>| &nbsp;&nbsp; 6622000 | &nbsp;&nbsp;&nbsp;&nbsp; 6880050 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp, SOFR + 2.6400%, 6.3120%, 6/8/29<sup>‡</sup> <br>| &nbsp;&nbsp; 3040000 | &nbsp;&nbsp;&nbsp;&nbsp; 3188997 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp, SOFR + 1.9050%, 5.7000%, 2/1/30<sup>‡</sup> <br>| &nbsp;&nbsp; 1489000 | &nbsp;&nbsp;&nbsp;&nbsp; 1545902 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp, SOFR + 3.0700%, 7.6240%, 10/30/31<sup>‡</sup> <br>| &nbsp;&nbsp; 7460000 | &nbsp;&nbsp;&nbsp;&nbsp; 8437205 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp, SOFR + 2.0360%, 6.1830%, 1/30/36<sup>‡</sup> <br>| &nbsp;&nbsp; 4894000 | &nbsp;&nbsp;&nbsp;&nbsp; 5076816 |
| &nbsp;&nbsp;&nbsp; Citigroup Inc, SOFR + 1.1710%, 4.5030%, 9/11/31<sup>‡</sup> <br>| &nbsp;&nbsp; 6476000 | &nbsp;&nbsp;&nbsp;&nbsp; 6479501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup Inc, US Treasury Yield Curve Rate 5 Year + 1.2800%, 5.5920%, <br> 11/19/34<sup>‡</sup> <br>| &nbsp;&nbsp; 6394000 | &nbsp;&nbsp;&nbsp;&nbsp; 6542937 |
| &nbsp;&nbsp;&nbsp; Citigroup Inc, SOFR + 1.4880%, 5.1740%, 9/11/36<sup>‡</sup> <br>| &nbsp;&nbsp; 4460000 | &nbsp;&nbsp;&nbsp;&nbsp; 4505259 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co, SOFR + 1.0100%, 5.1400%, 1/24/31<sup>‡</sup> <br>| &nbsp;&nbsp; 5768000 | &nbsp;&nbsp;&nbsp;&nbsp; 5956792 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley, SOFR + 1.2900%, 2.9430%, 1/21/33<sup>‡</sup> <br>| &nbsp;&nbsp; 4356000 | &nbsp;&nbsp;&nbsp;&nbsp; 3960273 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley, SOFR + 1.8800%, 5.4240%, 7/21/34<sup>‡</sup> <br>| &nbsp;&nbsp; 3537000 | &nbsp;&nbsp;&nbsp;&nbsp; 3685204 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Private Bank NA, SOFR + 1.0800%, 4.7340%, 7/18/31<sup>‡</sup> <br>| 15654000 | &nbsp;&nbsp; 15887765 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc/The, SOFR + 1.0720%, 5.2220%, 1/29/31<sup>‡</sup> <br>| &nbsp;&nbsp; 2018000 | &nbsp;&nbsp;&nbsp;&nbsp; 2085041 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc/The, SOFR + 1.3940%, 5.5750%, 1/29/36<sup>‡</sup> <br>| &nbsp;&nbsp; 2831000 | &nbsp;&nbsp;&nbsp;&nbsp; 2953870 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc/The, SOFR + 2.2840%, 6.8750%, 10/20/34<sup>‡</sup> <br>| &nbsp;&nbsp; 6946000 | &nbsp;&nbsp;&nbsp;&nbsp; 7869490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toronto-Dominion Bank/The, US Treasury Yield Curve Rate 5 Year + 2.7210%, <br> 6.3500%, 10/31/85<sup>‡</sup><sup>,#</sup> <br>| &nbsp;&nbsp; 4489000 | &nbsp;&nbsp;&nbsp;&nbsp; 4500223 |
| &nbsp;&nbsp;&nbsp; US Bancorp, SOFR + 1.5600%, 5.3840%, 1/23/30<sup>‡</sup> <br>| &nbsp;&nbsp; 5725000 | &nbsp;&nbsp;&nbsp;&nbsp; 5919184 |
| &nbsp;&nbsp;&nbsp; US Bancorp, SOFR + 1.0610%, 5.0460%, 2/12/31<sup>‡</sup> <br>| &nbsp;&nbsp; 3554000 | &nbsp;&nbsp;&nbsp;&nbsp; 3645098 |
| &nbsp;&nbsp;&nbsp; US Bancorp, SOFR + 1.4110%, 5.4240%, 2/12/36<sup>‡</sup> <br>| &nbsp;&nbsp; 3550000 | &nbsp;&nbsp;&nbsp;&nbsp; 3675825 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co, SOFR + 1.1100%, 5.2440%, 1/24/31<sup>‡</sup> <br>| &nbsp;&nbsp; 9683000 | &nbsp;&nbsp; 10018107 |
|  |  | 130088213 |
| Basic Industry – 1.0% |  |  |
| &nbsp;&nbsp;&nbsp; FMG Resources (August 2006) Pty Ltd, 4.5000%, 9/15/27<sup>ž</sup> <br>| &nbsp;&nbsp; 9347000 | &nbsp;&nbsp;&nbsp;&nbsp; 9304369 |
| &nbsp;&nbsp;&nbsp; Qnity Electronics Inc, 5.7500%, 8/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 2670000 | &nbsp;&nbsp;&nbsp;&nbsp; 2690364 |
| &nbsp;&nbsp;&nbsp; Qnity Electronics Inc, 6.2500%, 8/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 2179000 | &nbsp;&nbsp;&nbsp;&nbsp; 2225164 |
| &nbsp;&nbsp;&nbsp; Solstice Advanced Materials Inc, 5.6250%, 9/30/33<sup>ž</sup> <br>| &nbsp;&nbsp; 6452000 | &nbsp;&nbsp;&nbsp;&nbsp; 6473317 |
| &nbsp;&nbsp;&nbsp; Verde Purchaser LLC, 10.5000%, 11/30/30<sup>ž</sup> <br>| &nbsp;&nbsp; 5400000 | &nbsp;&nbsp;&nbsp;&nbsp; 5795431 |
|  |  | &nbsp;&nbsp; 26488645 |
| Brokerage – 1.5% |  |  |
| &nbsp;&nbsp;&nbsp; Citadel Securities Global Holdings LLC, 5.5000%, 6/18/30<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 304000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312013 |
| &nbsp;&nbsp;&nbsp; Citadel Securities Global Holdings LLC, 6.2000%, 6/18/35<sup>ž</sup> <br>| &nbsp;&nbsp; 1336000 | &nbsp;&nbsp;&nbsp;&nbsp; 1403435 |
| &nbsp;&nbsp;&nbsp; Jane Street Group / JSG Finance Inc, 7.1250%, 4/30/31<sup>ž</sup> <br>| &nbsp;&nbsp; 6387000 | &nbsp;&nbsp;&nbsp;&nbsp; 6699275 |
| &nbsp;&nbsp;&nbsp; Jane Street Group / JSG Finance Inc, 6.1250%, 11/1/32<sup>ž</sup> <br>| &nbsp;&nbsp; 7691000 | &nbsp;&nbsp;&nbsp;&nbsp; 7795284 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 4.0000%, 3/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 1085000 | &nbsp;&nbsp;&nbsp;&nbsp; 1061060 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 5.1500%, 6/15/30 | &nbsp;&nbsp; 3730000 | &nbsp;&nbsp;&nbsp;&nbsp; 3796417 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 6.0000%, 5/20/34 | &nbsp;&nbsp; 4178000 | &nbsp;&nbsp;&nbsp;&nbsp; 4365493 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 5.6500%, 3/15/35 | &nbsp;&nbsp; 6372000 | &nbsp;&nbsp;&nbsp;&nbsp; 6492187 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 5.7500%, 6/15/35 | &nbsp;&nbsp; 3771000 | &nbsp;&nbsp;&nbsp;&nbsp; 3866939 |
| &nbsp;&nbsp;&nbsp; Stonex Escrow Issuer LLC, 6.8750%, 7/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 5773000 | &nbsp;&nbsp;&nbsp;&nbsp; 5942244 |
|  |  | &nbsp;&nbsp; 41734347 |
| Capital Goods – 1.4% |  |  |
| &nbsp;&nbsp;&nbsp; Bombardier Inc, 7.4500%, 5/1/34<sup>ž</sup> <br>| &nbsp;&nbsp; 8794000 | &nbsp;&nbsp;&nbsp;&nbsp; 9712771 |
| &nbsp;&nbsp;&nbsp; Embraer Netherlands Finance BV, 5.4000%, 1/9/38 | &nbsp;&nbsp; 6695000 | &nbsp;&nbsp;&nbsp;&nbsp; 6665743 |
| &nbsp;&nbsp;&nbsp; Ferguson Enterprises Inc, 5.0000%, 10/3/34 | &nbsp;&nbsp; 8394000 | &nbsp;&nbsp;&nbsp;&nbsp; 8451548 |
| &nbsp;&nbsp;&nbsp; JH North America Holdings Inc, 5.8750%, 1/31/31<sup>ž</sup> <br>| &nbsp;&nbsp; 1951000 | &nbsp;&nbsp;&nbsp;&nbsp; 1980879 |
| &nbsp;&nbsp;&nbsp; JH North America Holdings Inc, 6.1250%, 7/31/32<sup>ž</sup> <br>| &nbsp;&nbsp; 2172000 | &nbsp;&nbsp;&nbsp;&nbsp; 2224723 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Corporate Bonds – (continued) |  |  |
| Capital Goods – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings Inc, 6.3750%, 3/1/32<sup>ž</sup> <br>| $4334000 | $4489348 |
| &nbsp;&nbsp;&nbsp; Standard Industries Inc/NJ, 6.5000%, 8/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 4096000 | &nbsp;&nbsp; 4202582 |
|  |  | 37727594 |
| Communications – 1.3% |  |  |
| &nbsp;&nbsp;&nbsp; AppLovin Corp, 5.3750%, 12/1/31 | &nbsp;&nbsp; 4227000 | &nbsp;&nbsp; 4372729 |
| &nbsp;&nbsp;&nbsp; AppLovin Corp, 5.5000%, 12/1/34 | &nbsp;&nbsp; 6424000 | &nbsp;&nbsp; 6631150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC / Charter Communications Operating <br> Capital, 6.6500%, 2/1/34<br>| &nbsp;&nbsp; 4961000 | &nbsp;&nbsp; 5301310 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing Inc, 7.0000%, 3/31/34<sup>ž</sup> <br>| &nbsp;&nbsp; 4939007 | &nbsp;&nbsp; 5024497 |
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc, 5.1250%, 5/15/32 | &nbsp;&nbsp; 2014000 | &nbsp;&nbsp; 2072723 |
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc, 5.3000%, 5/15/35 | &nbsp;&nbsp; 3559000 | &nbsp;&nbsp; 3645064 |
| &nbsp;&nbsp;&nbsp; Virgin Media Secured Finance PLC, 5.5000%, 5/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 9559000 | &nbsp;&nbsp; 9450933 |
|  |  | 36498406 |
| Consumer Cyclical – 2.5% |  |  |
| &nbsp;&nbsp;&nbsp; Carnival Corp, 5.7500%, 8/1/32<sup>ž</sup> <br>| &nbsp;&nbsp; 9493000 | &nbsp;&nbsp; 9660817 |
| &nbsp;&nbsp;&nbsp; Carvana Co, 9.0000%, 6/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 8772056 | &nbsp;&nbsp; 9177977 |
| &nbsp;&nbsp;&nbsp; Flutter Treasury DAC, 5.8750%, 6/4/31<sup>ž</sup> <br>| &nbsp;&nbsp; 2837000 | &nbsp;&nbsp; 2879612 |
| &nbsp;&nbsp;&nbsp; GLP Capital LP / GLP Financing II Inc, 5.3000%, 1/15/29 | &nbsp;&nbsp;&nbsp;&nbsp; 603000 | &nbsp;&nbsp;&nbsp;&nbsp; 614028 |
| &nbsp;&nbsp;&nbsp; GLP Capital LP / GLP Financing II Inc, 6.7500%, 12/1/33 | &nbsp;&nbsp; 3378000 | &nbsp;&nbsp; 3660259 |
| &nbsp;&nbsp;&nbsp; KB Home, 4.0000%, 6/15/31 | &nbsp;&nbsp; 2549000 | &nbsp;&nbsp; 2393824 |
| &nbsp;&nbsp;&nbsp; Millrose Properties Inc, 6.2500%, 9/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 5075000 | &nbsp;&nbsp; 5088264 |
| &nbsp;&nbsp;&nbsp; NCL Corporation Ltd, 5.8750%, 1/15/31<sup>ž</sup> <br>| 10153000 | 10152619 |
| &nbsp;&nbsp;&nbsp; NCL Corporation Ltd, 6.7500%, 2/1/32<sup>ž</sup> <br>| &nbsp;&nbsp; 5647000 | &nbsp;&nbsp; 5807553 |
| &nbsp;&nbsp;&nbsp; NCL Corporation Ltd, 6.2500%, 9/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 6296000 | &nbsp;&nbsp; 6328587 |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd, 5.3750%, 1/15/36 | &nbsp;&nbsp; 6125000 | &nbsp;&nbsp; 6160719 |
| &nbsp;&nbsp;&nbsp; Taylor Morrison Communities Inc, 5.1250%, 8/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 6003000 | &nbsp;&nbsp; 5983793 |
|  |  | 67908052 |
| Consumer Non-Cyclical – 2.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC, <br> 6.5000%, 2/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 4458000 | &nbsp;&nbsp; 4528256 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 5.0000%, 9/15/32 | &nbsp;&nbsp; 2215000 | &nbsp;&nbsp; 2242104 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 5.2500%, 2/21/33 | &nbsp;&nbsp;&nbsp;&nbsp; 785000 | &nbsp;&nbsp;&nbsp;&nbsp; 803169 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 5.7000%, 6/1/34 | &nbsp;&nbsp; 3275000 | &nbsp;&nbsp; 3417612 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 5.4500%, 9/15/35 | &nbsp;&nbsp; 3938000 | &nbsp;&nbsp; 4007318 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 4.7800%, 3/25/38 | 10124000 | &nbsp;&nbsp; 9488590 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 6.2000%, 9/15/55 | &nbsp;&nbsp; 2280000 | &nbsp;&nbsp; 2346647 |
| &nbsp;&nbsp;&nbsp; Heartland Dental LLC / Heartland Dental Finance Corp, 10.5000%, 4/30/28<sup>ž</sup> <br>| &nbsp;&nbsp; 1558000 | &nbsp;&nbsp; 1641640 |
| &nbsp;&nbsp;&nbsp; Organon & Co / Organon Foreign Debt Co-Issuer BV, 6.7500%, 5/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 4521000 | &nbsp;&nbsp; 4335126 |
| &nbsp;&nbsp;&nbsp; Solventum Corp, 5.4500%, 3/13/31 | &nbsp;&nbsp; 6976000 | &nbsp;&nbsp; 7274585 |
| &nbsp;&nbsp;&nbsp; Solventum Corp, 5.6000%, 3/23/34 | &nbsp;&nbsp; 8817000 | &nbsp;&nbsp; 9179638 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Co LLC, 6.1500%, 2/1/36 | &nbsp;&nbsp; 6743000 | &nbsp;&nbsp; 7060460 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, 3.1500%, 10/1/26 | &nbsp;&nbsp; 2652000 | &nbsp;&nbsp; 2604854 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, 6.0000%, 12/1/32 | &nbsp;&nbsp; 4201000 | &nbsp;&nbsp; 4375283 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands IV BV, 5.7500%, 12/1/30 | &nbsp;&nbsp; 3376000 | &nbsp;&nbsp; 3476973 |
|  |  | 66782255 |
| Electric – 1.3% |  |  |
| &nbsp;&nbsp;&nbsp; Liberty Utilities Co, 5.8690%, 1/31/34<sup>ž</sup> <br>| &nbsp;&nbsp; 4882000 | &nbsp;&nbsp; 5056840 |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc, 6.0000%, 2/1/33<sup>ž</sup> <br>| &nbsp;&nbsp; 2641000 | &nbsp;&nbsp; 2682123 |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc, 5.7500%, 1/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 3075000 | &nbsp;&nbsp; 3071861 |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc, 5.4070%, 10/15/35<sup>ž</sup> <br>| &nbsp;&nbsp; 3910000 | &nbsp;&nbsp; 3923298 |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc, 6.0000%, 1/15/36<sup>ž</sup> <br>| &nbsp;&nbsp; 5759000 | &nbsp;&nbsp; 5759827 |
| &nbsp;&nbsp;&nbsp; PSEG Power LLC, 5.2000%, 5/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 4673000 | &nbsp;&nbsp; 4794057 |
| &nbsp;&nbsp;&nbsp; PSEG Power LLC, 5.7500%, 5/15/35<sup>ž</sup> <br>| &nbsp;&nbsp; 6351000 | &nbsp;&nbsp; 6643989 |
| &nbsp;&nbsp;&nbsp; Xcel Energy Inc, 5.6000%, 4/15/35 | &nbsp;&nbsp; 2674000 | &nbsp;&nbsp; 2771969 |
|  |  | 34703964 |
| Energy – 3.1% |  |  |
| &nbsp;&nbsp;&nbsp; Civitas Resources Inc, 8.6250%, 11/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 1464000 | &nbsp;&nbsp; 1516213 |
| &nbsp;&nbsp;&nbsp; Civitas Resources Inc, 8.7500%, 7/1/31<sup>ž</sup> <br>| &nbsp;&nbsp; 2714000 | &nbsp;&nbsp; 2780523 |
| &nbsp;&nbsp;&nbsp; Civitas Resources Inc, 9.6250%, 6/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 5261000 | &nbsp;&nbsp; 5556706 |
| &nbsp;&nbsp;&nbsp; DT Midstream Inc, 4.1250%, 6/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 6147000 | &nbsp;&nbsp; 5997407 |
| &nbsp;&nbsp;&nbsp; DT Midstream Inc, 4.3750%, 6/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 9231000 | &nbsp;&nbsp; 8921152 |
| &nbsp;&nbsp;&nbsp; DT Midstream Inc, 4.3000%, 4/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 2510000 | &nbsp;&nbsp; 2400703 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP, 5.8750%, 3/1/28<sup>ž</sup> <br>| &nbsp;&nbsp; 6456000 | &nbsp;&nbsp; 6581118 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP, 5.1250%, 6/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 3041000 | &nbsp;&nbsp; 3037565 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP, 6.5000%, 6/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 7886000 | &nbsp;&nbsp; 8133108 |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp, 5.2000%, 8/1/29 | &nbsp;&nbsp; 2550000 | &nbsp;&nbsp; 2587480 |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp, 8.8750%, 7/15/30 | &nbsp;&nbsp; 3013000 | &nbsp;&nbsp; 3481036 |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp, 6.6250%, 9/1/30 | &nbsp;&nbsp; 2150000 | &nbsp;&nbsp; 2303559 |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp, 6.1250%, 1/1/31 | &nbsp;&nbsp; 3015000 | &nbsp;&nbsp; 3175898 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>|  | *Value* |
| Corporate Bonds – (continued) |  |  |  |
| Energy – (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; Sunoco LP, 5.6250%, 3/15/31<sup>ž</sup> <br>| $3558000 |  | &nbsp;&nbsp; $3531753 |
| &nbsp;&nbsp;&nbsp; Sunoco LP, 6.2500%, 7/1/33<sup>ž</sup> <br>| &nbsp;&nbsp; 4975000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5063765 |
| &nbsp;&nbsp;&nbsp; Sunoco LP, 5.8750%, 3/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 5173000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5128211 |
| &nbsp;&nbsp;&nbsp; Sunoco LP, US Treasury Yield Curve Rate 5 Year + 4.2300%, 7.8750%<sup>ž,</sup><sup>‡</sup><sup>,μ</sup> <br>| &nbsp;&nbsp; 6132000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 6228334 |
| &nbsp;&nbsp;&nbsp; Viper Energy Partners LLC, 4.9000%, 8/1/30 | &nbsp;&nbsp; 3386000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3411248 |
| &nbsp;&nbsp;&nbsp; Viper Energy Partners LLC, 5.7000%, 8/1/35 | &nbsp;&nbsp; 4504000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4579307 |
|  |  |  | &nbsp;&nbsp; 84415086 |
| Finance Companies – 2.0% |  |  |  |
| &nbsp;&nbsp;&nbsp; Ares Capital Corp, 5.1000%, 1/15/31 | 13317000 |  | &nbsp;&nbsp; 13220948 |
| &nbsp;&nbsp;&nbsp; Blackstone Private Credit Fund, 7.3000%, 11/27/28 | &nbsp;&nbsp; 4159000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4442529 |
| &nbsp;&nbsp;&nbsp; Blackstone Secured Lending Fund, 5.8750%, 11/15/27 | &nbsp;&nbsp; 6264000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 6418609 |
| &nbsp;&nbsp;&nbsp; Blue Owl Credit Income Corp, 7.9500%, 6/13/28 | &nbsp;&nbsp; 2886000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3091185 |
| &nbsp;&nbsp;&nbsp; GGAM Finance Ltd, 5.8750%, 3/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 7173000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 7262638 |
| &nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings Ltd, 6.4000%, 3/26/29<sup>ž</sup> <br>| &nbsp;&nbsp; 1737000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1829264 |
| &nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings Ltd, 6.5000%, 3/26/31<sup>ž</sup> <br>| &nbsp;&nbsp; 2615000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2801199 |
| &nbsp;&nbsp;&nbsp; OWL Rock Core Income Corp, 4.7000%, 2/8/27 | &nbsp;&nbsp;&nbsp;&nbsp; 743000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 741717 |
| &nbsp;&nbsp;&nbsp; Rocket Cos Inc, 6.1250%, 8/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 2698000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2769011 |
| &nbsp;&nbsp;&nbsp; Rocket Cos Inc, 6.3750%, 8/1/33<sup>ž</sup> <br>| 11317000 |  | &nbsp;&nbsp; 11680434 |
|  |  |  | &nbsp;&nbsp; 54257534 |
| Financial Institutions – 0.3% |  |  |  |
| &nbsp;&nbsp;&nbsp; Atlas Warehouse Lending Co LP, 6.0500%, 1/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 3930000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4020013 |
| &nbsp;&nbsp;&nbsp; Atlas Warehouse Lending Co LP, 6.2500%, 1/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 3170000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3259416 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7279429 |
| Insurance – 1.7% |  |  |  |
| &nbsp;&nbsp;&nbsp; Aon North America Inc, 5.4500%, 3/1/34 | &nbsp;&nbsp; 5364000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5587702 |
| &nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co, 5.0000%, 2/15/32 | &nbsp;&nbsp;&nbsp;&nbsp; 895000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 913148 |
| &nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co, 6.5000%, 2/15/34 | &nbsp;&nbsp; 2912000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3228788 |
| &nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co, 5.1500%, 2/15/35 | &nbsp;&nbsp; 2237000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2263449 |
| &nbsp;&nbsp;&nbsp; Centene Corp, 4.2500%, 12/15/27 | 13594000 |  | &nbsp;&nbsp; 13349544 |
| &nbsp;&nbsp;&nbsp; Health Care Service Corp, 5.2000%, 6/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 3916000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4022920 |
| &nbsp;&nbsp;&nbsp; Health Care Service Corp, 5.4500%, 6/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 7170000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 7363587 |
| &nbsp;&nbsp;&nbsp; Humana Inc, 5.9500%, 3/15/34 | 10534000 |  | &nbsp;&nbsp; 11079249 |
|  |  |  | &nbsp;&nbsp; 47808387 |
| Professional Services – 0.6% |  |  |  |
| &nbsp;&nbsp;&nbsp; Booz Allen Hamilton Inc, 5.9500%, 4/15/35 | 16587000 |  | &nbsp;&nbsp; 17407517 |
| Real Estate Investment Trusts (REITs) – 0.4% |  |  |  |
| &nbsp;&nbsp;&nbsp; American Tower Trust I, 5.4900%, 3/15/28<sup>ž</sup> <br>| 10515000 |  | &nbsp;&nbsp; 10688529 |
| Technology – 2.8% |  |  |  |
| &nbsp;&nbsp;&nbsp; Broadcom Inc, 4.8000%, 2/15/36 | &nbsp;&nbsp; 5836000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5818195 |
| &nbsp;&nbsp;&nbsp; Broadcom Inc, 4.9000%, 2/15/38 | &nbsp;&nbsp; 4178000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4155615 |
| &nbsp;&nbsp;&nbsp; CACI International Inc, 6.3750%, 6/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 2344000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2417955 |
| &nbsp;&nbsp;&nbsp; Constellation Software Inc/Canada, 5.4610%, 2/16/34<sup>ž</sup> <br>| &nbsp;&nbsp; 4127000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4215994 |
| &nbsp;&nbsp;&nbsp; CoreWeave Inc, 9.0000%, 2/1/31<sup>ž</sup> <br>| 15148000 |  | &nbsp;&nbsp; 15524867 |
| &nbsp;&nbsp;&nbsp; CrowdStrike Holdings Inc, 3.0000%, 2/15/29 | &nbsp;&nbsp; 1868000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1779941 |
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC, 5.8750%, 1/25/34<sup>ž</sup> <br>| 13250000 |  | &nbsp;&nbsp; 13803409 |
| &nbsp;&nbsp;&nbsp; Intel Corp, 2.4500%, 11/15/29 | &nbsp;&nbsp; 1773000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1646446 |
| &nbsp;&nbsp;&nbsp; Marvell Technology Inc, 4.7500%, 7/15/30 | &nbsp;&nbsp; 1973000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1998698 |
| &nbsp;&nbsp;&nbsp; Marvell Technology Inc, 5.4500%, 7/15/35 | &nbsp;&nbsp; 4198000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4327857 |
| &nbsp;&nbsp;&nbsp; Molex Electronic Technologies LLC, 5.2500%, 4/30/32<sup>ž</sup> <br>| &nbsp;&nbsp; 3949000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4018597 |
| &nbsp;&nbsp;&nbsp; MSCI Inc, 4.0000%, 11/15/29<sup>ž</sup> <br>| 10082000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 9850111 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 4.8000%, 9/26/32 | &nbsp;&nbsp; 4192000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4197041 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 5.2000%, 9/26/35 | &nbsp;&nbsp; 2056000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2067321 |
| &nbsp;&nbsp;&nbsp; Western Digital Corp, 4.7500%, 2/15/26 | &nbsp;&nbsp; 1212000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1211293 |
|  |  |  | &nbsp;&nbsp; 77033340 |
| Total Corporate Bonds (cost $723,704,962) |  |  | 740821298 |
| Foreign Government Bonds – 0% |  |  |  |
| &nbsp;&nbsp;&nbsp; United Kingdom Gilt, 4.3750%, 3/7/30 (cost $1,369,008) | &nbsp;&nbsp; 1000000 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 1357323 |
| Mortgage-Backed Securities – 18.9% |  |  |  |
| Fannie Mae: |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.5000%, TBA, 30 Year Maturity | &nbsp;&nbsp;&nbsp;&nbsp; 430206 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 393154 |
| &nbsp;&nbsp;&nbsp; 5.0000%, TBA, 30 Year Maturity | &nbsp;&nbsp;&nbsp;&nbsp; 311000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308422 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 701576 |
| Fannie Mae Pool: |  |  |  |
| &nbsp;&nbsp;&nbsp; BO3223, 3.0000%, 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13518 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13046 |
| &nbsp;&nbsp;&nbsp; BO4725, 2.5000%, 11/1/34 | &nbsp;&nbsp; 1405203 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1331909 |
| &nbsp;&nbsp;&nbsp; BO7717, 3.0000%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74036 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71525 |
| &nbsp;&nbsp;&nbsp; BO5957, 3.0000%, 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84723 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81677 |
| &nbsp;&nbsp;&nbsp; FS3713, 2.5000%, 12/1/36 | &nbsp;&nbsp; 1974772 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1869074 |
| &nbsp;&nbsp;&nbsp; 995757, 6.0000%, 2/1/37 | &nbsp;&nbsp;&nbsp;&nbsp; 505388 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531559 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Mortgage-Backed Securities – (continued) |  |  |
| Fannie Mae Pool – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; AL6997, 4.5000%, 11/1/42 | &nbsp;&nbsp; $510999 | &nbsp;&nbsp; $509815 |
| &nbsp;&nbsp;&nbsp; AB7563, 3.0000%, 1/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 111930 | &nbsp;&nbsp;&nbsp;&nbsp; 102841 |
| &nbsp;&nbsp;&nbsp; MA1363, 3.0000%, 2/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 174419 | &nbsp;&nbsp;&nbsp;&nbsp; 159350 |
| &nbsp;&nbsp;&nbsp; AL5942, 5.0000%, 7/1/44 | &nbsp;&nbsp; 2667944 | &nbsp;&nbsp; 2703099 |
| &nbsp;&nbsp;&nbsp; AL5887, 4.5000%, 10/1/44 | &nbsp;&nbsp; 1120198 | &nbsp;&nbsp; 1117108 |
| &nbsp;&nbsp;&nbsp; AL6542, 4.5000%, 3/1/45 | &nbsp;&nbsp; 1854475 | &nbsp;&nbsp; 1849359 |
| &nbsp;&nbsp;&nbsp; AL6842, 4.0000%, 5/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 178113 | &nbsp;&nbsp;&nbsp;&nbsp; 171935 |
| &nbsp;&nbsp;&nbsp; AL7381, 4.5000%, 6/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 939274 | &nbsp;&nbsp;&nbsp;&nbsp; 934246 |
| &nbsp;&nbsp;&nbsp; CA4646, 3.0000%, 2/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 265467 | &nbsp;&nbsp;&nbsp;&nbsp; 241073 |
| &nbsp;&nbsp;&nbsp; BJ9181, 5.0000%, 5/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 439016 | &nbsp;&nbsp;&nbsp;&nbsp; 443539 |
| &nbsp;&nbsp;&nbsp; MA3521, 4.0000%, 11/1/48 | &nbsp;&nbsp; 1357745 | &nbsp;&nbsp; 1299274 |
| &nbsp;&nbsp;&nbsp; BN3899, 4.0000%, 12/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 199681 | &nbsp;&nbsp;&nbsp;&nbsp; 191082 |
| &nbsp;&nbsp;&nbsp; FM3664, 4.0000%, 3/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 286408 | &nbsp;&nbsp;&nbsp;&nbsp; 274074 |
| &nbsp;&nbsp;&nbsp; CA3683, 4.5000%, 6/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71407 |
| &nbsp;&nbsp;&nbsp; BJ8459, 3.0000%, 8/1/49 | &nbsp;&nbsp; 1267180 | &nbsp;&nbsp; 1115401 |
| &nbsp;&nbsp;&nbsp; BO4113, 3.0000%, 8/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 321331 | &nbsp;&nbsp;&nbsp;&nbsp; 282843 |
| &nbsp;&nbsp;&nbsp; CA4035, 4.5000%, 8/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 114456 | &nbsp;&nbsp;&nbsp;&nbsp; 112537 |
| &nbsp;&nbsp;&nbsp; BO2983, 3.0000%, 9/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 188954 | &nbsp;&nbsp;&nbsp;&nbsp; 170495 |
| &nbsp;&nbsp;&nbsp; MA3774, 3.0000%, 9/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9261 |
| &nbsp;&nbsp;&nbsp; MA3908, 4.5000%, 1/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 159238 | &nbsp;&nbsp;&nbsp;&nbsp; 156578 |
| &nbsp;&nbsp;&nbsp; CA5573, 4.0000%, 4/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 544717 | &nbsp;&nbsp;&nbsp;&nbsp; 519114 |
| &nbsp;&nbsp;&nbsp; MA4079, 3.0000%, 7/1/50 | &nbsp;&nbsp; 6017182 | &nbsp;&nbsp; 5352922 |
| &nbsp;&nbsp;&nbsp; BK2913, 2.5000%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 626826 | &nbsp;&nbsp;&nbsp;&nbsp; 541759 |
| &nbsp;&nbsp;&nbsp; FM5076, 4.0000%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 484282 | &nbsp;&nbsp;&nbsp;&nbsp; 461519 |
| &nbsp;&nbsp;&nbsp; FS2713, 4.5000%, 10/1/50 | &nbsp;&nbsp; 2785620 | &nbsp;&nbsp; 2745246 |
| &nbsp;&nbsp;&nbsp; FS5362, 4.5000%, 12/1/50 | &nbsp;&nbsp; 3773505 | &nbsp;&nbsp; 3710456 |
| &nbsp;&nbsp;&nbsp; FS2546, 4.0000%, 3/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 107358 | &nbsp;&nbsp;&nbsp;&nbsp; 102734 |
| &nbsp;&nbsp;&nbsp; 20510401, 3.0000%, 4/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 645190 | &nbsp;&nbsp;&nbsp;&nbsp; 574373 |
| &nbsp;&nbsp;&nbsp; MA4378, 2.0000%, 7/1/51 | 14833703 | 12040450 |
| &nbsp;&nbsp;&nbsp; FS0359, 2.5000%, 1/1/52 | &nbsp;&nbsp; 4234812 | &nbsp;&nbsp; 3631698 |
| &nbsp;&nbsp;&nbsp; CB2681, 3.5000%, 1/1/52 | &nbsp;&nbsp; 1481838 | &nbsp;&nbsp; 1378028 |
| &nbsp;&nbsp;&nbsp; FS0662, 2.5000%, 2/1/52 | 20035717 | 17169869 |
| &nbsp;&nbsp;&nbsp; FS5130, 2.5000%, 2/1/52 | 15386159 | 13175493 |
| &nbsp;&nbsp;&nbsp; CB2750, 2.5000%, 2/1/52 | &nbsp;&nbsp; 6720440 | &nbsp;&nbsp; 5711136 |
| &nbsp;&nbsp;&nbsp; CB2891, 3.0000%, 2/1/52 | &nbsp;&nbsp; 3930962 | &nbsp;&nbsp; 3503087 |
| &nbsp;&nbsp;&nbsp; BV2802, 3.0000%, 2/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 519314 | &nbsp;&nbsp;&nbsp;&nbsp; 461181 |
| &nbsp;&nbsp;&nbsp; CB2907, 3.5000%, 2/1/52 | &nbsp;&nbsp; 4044923 | &nbsp;&nbsp; 3761242 |
| &nbsp;&nbsp;&nbsp; CB3043, 2.5000%, 3/1/52 | &nbsp;&nbsp; 8657033 | &nbsp;&nbsp; 7418757 |
| &nbsp;&nbsp;&nbsp; FS1081, 2.5000%, 3/1/52 | &nbsp;&nbsp; 8535895 | &nbsp;&nbsp; 7284078 |
| &nbsp;&nbsp;&nbsp; FS5988, 2.5000%, 3/1/52 | &nbsp;&nbsp; 6475238 | &nbsp;&nbsp; 5534861 |
| &nbsp;&nbsp;&nbsp; CB3042, 2.5000%, 3/1/52 | &nbsp;&nbsp; 3181554 | &nbsp;&nbsp; 2729356 |
| &nbsp;&nbsp;&nbsp; BT2256, 2.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 728494 | &nbsp;&nbsp;&nbsp;&nbsp; 621602 |
| &nbsp;&nbsp;&nbsp; BV2965, 2.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 628724 | &nbsp;&nbsp;&nbsp;&nbsp; 536520 |
| &nbsp;&nbsp;&nbsp; BV5152, 2.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 595508 | &nbsp;&nbsp;&nbsp;&nbsp; 510328 |
| &nbsp;&nbsp;&nbsp; BV2962, 2.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 255354 | &nbsp;&nbsp;&nbsp;&nbsp; 218139 |
| &nbsp;&nbsp;&nbsp; BV4144, 3.0000%, 3/1/52 | &nbsp;&nbsp; 3141179 | &nbsp;&nbsp; 2793127 |
| &nbsp;&nbsp;&nbsp; BV5379, 3.0000%, 4/1/52 | &nbsp;&nbsp; 1989693 | &nbsp;&nbsp; 1777398 |
| &nbsp;&nbsp;&nbsp; BV5380, 3.0000%, 4/1/52 | &nbsp;&nbsp; 1702764 | &nbsp;&nbsp; 1513901 |
| &nbsp;&nbsp;&nbsp; CB3240, 3.0000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12534 |
| &nbsp;&nbsp;&nbsp; BV5394, 3.5000%, 4/1/52 | &nbsp;&nbsp; 2246033 | &nbsp;&nbsp; 2083988 |
| &nbsp;&nbsp;&nbsp; FS1869, 3.5000%, 4/1/52 | &nbsp;&nbsp; 1597720 | &nbsp;&nbsp; 1483594 |
| &nbsp;&nbsp;&nbsp; BV5393, 3.5000%, 4/1/52 | &nbsp;&nbsp; 1232949 | &nbsp;&nbsp; 1145373 |
| &nbsp;&nbsp;&nbsp; BV8485, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 770938 | &nbsp;&nbsp;&nbsp;&nbsp; 715317 |
| &nbsp;&nbsp;&nbsp; FS1301, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 606929 | &nbsp;&nbsp;&nbsp;&nbsp; 559959 |
| &nbsp;&nbsp;&nbsp; BV4203, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 428374 | &nbsp;&nbsp;&nbsp;&nbsp; 397978 |
| &nbsp;&nbsp;&nbsp; BV8484, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 413042 | &nbsp;&nbsp;&nbsp;&nbsp; 383704 |
| &nbsp;&nbsp;&nbsp; BV6879, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 297934 | &nbsp;&nbsp;&nbsp;&nbsp; 290627 |
| &nbsp;&nbsp;&nbsp; BV7632, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 269227 | &nbsp;&nbsp;&nbsp;&nbsp; 262624 |
| &nbsp;&nbsp;&nbsp; BW0081, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 168424 | &nbsp;&nbsp;&nbsp;&nbsp; 164267 |
| &nbsp;&nbsp;&nbsp; BV7132, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 118576 | &nbsp;&nbsp;&nbsp;&nbsp; 115649 |
| &nbsp;&nbsp;&nbsp; BW0072, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 100007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97539 |
| &nbsp;&nbsp;&nbsp; BV7131, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92365 |
| &nbsp;&nbsp;&nbsp; FS6926, 2.5000%, 5/1/52 | 14297540 | 12234666 |
| &nbsp;&nbsp;&nbsp; BV8544, 3.5000%, 5/1/52 | &nbsp;&nbsp; 1140340 | &nbsp;&nbsp; 1057984 |
| &nbsp;&nbsp;&nbsp; CB3501, 3.5000%, 5/1/52 | &nbsp;&nbsp; 1013519 | &nbsp;&nbsp;&nbsp;&nbsp; 934374 |
| &nbsp;&nbsp;&nbsp; FS3377, 4.0000%, 5/1/52 | &nbsp;&nbsp; 1020425 | &nbsp;&nbsp;&nbsp;&nbsp; 976481 |
| &nbsp;&nbsp;&nbsp; BW0343, 4.5000%, 5/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 486641 | &nbsp;&nbsp;&nbsp;&nbsp; 474630 |
| &nbsp;&nbsp;&nbsp; FS3160, 3.0000%, 6/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 537884 | &nbsp;&nbsp;&nbsp;&nbsp; 477547 |
| &nbsp;&nbsp;&nbsp; CB3837, 3.5000%, 6/1/52 | &nbsp;&nbsp; 7085468 | &nbsp;&nbsp; 6577710 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Mortgage-Backed Securities – (continued) |  |  |
| Fannie Mae Pool – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; FS2144, 3.5000%, 6/1/52 | $4016663 | &nbsp;&nbsp; $3733501 |
| &nbsp;&nbsp;&nbsp; FS5339, 3.0000%, 7/1/52 | &nbsp;&nbsp; 3080191 | &nbsp;&nbsp;&nbsp;&nbsp; 2735030 |
| &nbsp;&nbsp;&nbsp; FS5491, 3.0000%, 7/1/52 | &nbsp;&nbsp; 2325379 | &nbsp;&nbsp;&nbsp;&nbsp; 2064531 |
| &nbsp;&nbsp;&nbsp; CB4076, 3.5000%, 7/1/52 | &nbsp;&nbsp; 1002577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 930730 |
| &nbsp;&nbsp;&nbsp; CB4329, 3.5000%, 7/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 337023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313238 |
| &nbsp;&nbsp;&nbsp; BW0972, 4.5000%, 7/1/52 | &nbsp;&nbsp; 1880681 | &nbsp;&nbsp;&nbsp;&nbsp; 1838247 |
| &nbsp;&nbsp;&nbsp; CB4320, 3.5000%, 8/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 665237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 617514 |
| &nbsp;&nbsp;&nbsp; BW7369, 5.0000%, 10/1/52 | &nbsp;&nbsp; 1588055 | &nbsp;&nbsp;&nbsp;&nbsp; 1593617 |
| &nbsp;&nbsp;&nbsp; BW1288, 5.0000%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 709497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 710846 |
| &nbsp;&nbsp;&nbsp; BT8021, 5.0000%, 1/1/53 | &nbsp;&nbsp; 1018451 | &nbsp;&nbsp;&nbsp;&nbsp; 1021773 |
| &nbsp;&nbsp;&nbsp; BX5759, 5.0000%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 357052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 358059 |
| &nbsp;&nbsp;&nbsp; BX5969, 5.0000%, 2/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 426794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 428120 |
| &nbsp;&nbsp;&nbsp; BX8071, 5.0000%, 3/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 215214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215491 |
| &nbsp;&nbsp;&nbsp; BX7860, 5.5000%, 3/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 325824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333196 |
| &nbsp;&nbsp;&nbsp; BX9351, 5.0000%, 4/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 474893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475506 |
| &nbsp;&nbsp;&nbsp; BY0782, 5.5000%, 4/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 186012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190457 |
| &nbsp;&nbsp;&nbsp; BY1920, 5.0000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 258815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259131 |
| &nbsp;&nbsp;&nbsp; BY1896, 5.5000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 341272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 347752 |
| &nbsp;&nbsp;&nbsp; BY0866, 5.5000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 175826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179165 |
| &nbsp;&nbsp;&nbsp; BY3263, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 372830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 373707 |
| &nbsp;&nbsp;&nbsp; BY2783, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 285115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285444 |
| &nbsp;&nbsp;&nbsp; BY4284, 5.5000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 146543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150213 |
| &nbsp;&nbsp;&nbsp; CB6686, 4.5000%, 7/1/53 | &nbsp;&nbsp; 1813172 | &nbsp;&nbsp;&nbsp;&nbsp; 1781881 |
| &nbsp;&nbsp;&nbsp; BY6374, 5.5000%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 388361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395696 |
| &nbsp;&nbsp;&nbsp; BY7004, 5.5000%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 198353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203290 |
| &nbsp;&nbsp;&nbsp; CB6851, 4.5000%, 8/1/53 | &nbsp;&nbsp; 1231357 | &nbsp;&nbsp;&nbsp;&nbsp; 1210045 |
| &nbsp;&nbsp;&nbsp; BY6690, 5.0000%, 8/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 306243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307046 |
| &nbsp;&nbsp;&nbsp; CB7112, 5.5000%, 9/1/53 | &nbsp;&nbsp; 7145849 | &nbsp;&nbsp;&nbsp;&nbsp; 7314473 |
| &nbsp;&nbsp;&nbsp; CB7430, 5.5000%, 11/1/53 | &nbsp;&nbsp; 1941030 | &nbsp;&nbsp;&nbsp;&nbsp; 1995516 |
| &nbsp;&nbsp;&nbsp; FS8037, 6.0000%, 1/1/54 | &nbsp;&nbsp; 1773565 | &nbsp;&nbsp;&nbsp;&nbsp; 1845615 |
| &nbsp;&nbsp;&nbsp; CB8134, 5.5000%, 3/1/54 | &nbsp;&nbsp; 3636584 | &nbsp;&nbsp;&nbsp;&nbsp; 3735245 |
| &nbsp;&nbsp;&nbsp; FS7607, 6.0000%, 3/1/54 | &nbsp;&nbsp; 1545337 | &nbsp;&nbsp;&nbsp;&nbsp; 1602130 |
| &nbsp;&nbsp;&nbsp; FS7643, 6.0000%, 4/1/54 | &nbsp;&nbsp; 3790806 | &nbsp;&nbsp;&nbsp;&nbsp; 3942530 |
| &nbsp;&nbsp;&nbsp; CB8543, 6.0000%, 5/1/54 | &nbsp;&nbsp; 6166324 | &nbsp;&nbsp;&nbsp;&nbsp; 6392239 |
| &nbsp;&nbsp;&nbsp; 20550801, 6.0000%, 8/1/55 | &nbsp;&nbsp; 2907854 | &nbsp;&nbsp;&nbsp;&nbsp; 2993443 |
| &nbsp;&nbsp;&nbsp; BF0130, 3.5000%, 8/1/56 | 14381370 | &nbsp;&nbsp; 13177513 |
| &nbsp;&nbsp;&nbsp; BF0167, 3.0000%, 2/1/57 | &nbsp;&nbsp; 8344408 | &nbsp;&nbsp;&nbsp;&nbsp; 7276042 |
| &nbsp;&nbsp;&nbsp; BF0189, 3.0000%, 6/1/57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27099 |
| &nbsp;&nbsp;&nbsp; BF0619, 2.5000%, 3/1/62 | 14291513 | &nbsp;&nbsp; 11710232 |
| &nbsp;&nbsp;&nbsp; BF0598, 2.5000%, 3/1/62 | &nbsp;&nbsp; 2870447 | &nbsp;&nbsp;&nbsp;&nbsp; 2399393 |
|  |  | 239596087 |
| Freddie Mac Gold Pool: |  |  |
| &nbsp;&nbsp;&nbsp; Q58477, 4.0000%, 9/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 413207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 395902 |
| Freddie Mac Pool: |  |  |
| &nbsp;&nbsp;&nbsp; ZS7403, 3.0000%, 5/1/31 | &nbsp;&nbsp; 4248186 | &nbsp;&nbsp;&nbsp;&nbsp; 4156700 |
| &nbsp;&nbsp;&nbsp; ZK8962, 3.0000%, 9/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 153943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149622 |
| &nbsp;&nbsp;&nbsp; ZK9009, 3.0000%, 10/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 202104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196175 |
| &nbsp;&nbsp;&nbsp; ZK9163, 3.0000%, 1/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 112387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109141 |
| &nbsp;&nbsp;&nbsp; SB0040, 2.5000%, 12/1/33 | &nbsp;&nbsp; 3831913 | &nbsp;&nbsp;&nbsp;&nbsp; 3694088 |
| &nbsp;&nbsp;&nbsp; QN0786, 3.0000%, 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35462 |
| &nbsp;&nbsp;&nbsp; QN0783, 3.0000%, 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16086 |
| &nbsp;&nbsp;&nbsp; QN0951, 2.5000%, 11/1/34 | &nbsp;&nbsp; 1359755 | &nbsp;&nbsp;&nbsp;&nbsp; 1288766 |
| &nbsp;&nbsp;&nbsp; SB0116, 2.5000%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 497539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 471888 |
| &nbsp;&nbsp;&nbsp; SB0866, 2.5000%, 6/1/37 | &nbsp;&nbsp; 5915615 | &nbsp;&nbsp;&nbsp;&nbsp; 5565208 |
| &nbsp;&nbsp;&nbsp; ZS3695, 6.0000%, 4/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 779802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 822548 |
| &nbsp;&nbsp;&nbsp; ZT1145, 4.5000%, 5/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 773327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 769187 |
| &nbsp;&nbsp;&nbsp; ZT1257, 3.0000%, 1/1/46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65667 |
| &nbsp;&nbsp;&nbsp; ZT1173, 4.0000%, 2/1/46 | &nbsp;&nbsp; 2379398 | &nbsp;&nbsp;&nbsp;&nbsp; 2296121 |
| &nbsp;&nbsp;&nbsp; ZT1633, 4.0000%, 3/1/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5139 |
| &nbsp;&nbsp;&nbsp; ZM7182, 4.5000%, 7/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 644498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 635157 |
| &nbsp;&nbsp;&nbsp; ZM7926, 5.0000%, 9/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 112334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113003 |
| &nbsp;&nbsp;&nbsp; ZT1320, 4.0000%, 11/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 121926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116675 |
| &nbsp;&nbsp;&nbsp; SI2017, 4.0000%, 12/1/48 | &nbsp;&nbsp; 1475665 | &nbsp;&nbsp;&nbsp;&nbsp; 1412075 |
| &nbsp;&nbsp;&nbsp; ZA7158, 4.5000%, 6/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 105177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103166 |
| &nbsp;&nbsp;&nbsp; RA1087, 4.5000%, 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 726030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 712144 |
| &nbsp;&nbsp;&nbsp; RA1088, 4.5000%, 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 135893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133614 |
| &nbsp;&nbsp;&nbsp; QA2159, 3.0000%, 8/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 364605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320934 |
| &nbsp;&nbsp;&nbsp; RA1188, 4.5000%, 8/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 714329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700666 |
| &nbsp;&nbsp;&nbsp; QA4936, 3.0000%, 12/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 535071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 476900 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Mortgage-Backed Securities – (continued) |  |  |
| Freddie Mac Pool – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; QA5622, 3.0000%, 12/1/49 | &nbsp;&nbsp; $218891 | &nbsp;&nbsp;&nbsp;&nbsp; $195094 |
| &nbsp;&nbsp;&nbsp; RA1999, 4.5000%, 1/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 500592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 491018 |
| &nbsp;&nbsp;&nbsp; SD8040, 4.5000%, 1/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 122461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120415 |
| &nbsp;&nbsp;&nbsp; SD1551, 4.0000%, 3/1/50 | &nbsp;&nbsp; 1421164 | &nbsp;&nbsp;&nbsp;&nbsp; 1359962 |
| &nbsp;&nbsp;&nbsp; QB1708, 2.5000%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 311703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 269498 |
| &nbsp;&nbsp;&nbsp; QB2976, 2.5000%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 132934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 114894 |
| &nbsp;&nbsp;&nbsp; QB3353, 2.5000%, 9/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 593550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 512816 |
| &nbsp;&nbsp;&nbsp; SD1143, 4.5000%, 9/1/50 | &nbsp;&nbsp; 4187953 | &nbsp;&nbsp;&nbsp;&nbsp; 4127254 |
| &nbsp;&nbsp;&nbsp; RA5285, 2.5000%, 5/1/51 | &nbsp;&nbsp; 4278965 | &nbsp;&nbsp;&nbsp;&nbsp; 3646931 |
| &nbsp;&nbsp;&nbsp; QC5848, 2.5000%, 8/1/51 | 11826448 | &nbsp;&nbsp; 10072272 |
| &nbsp;&nbsp;&nbsp; RA5906, 2.5000%, 9/1/51 | &nbsp;&nbsp; 8283367 | &nbsp;&nbsp;&nbsp;&nbsp; 7090791 |
| &nbsp;&nbsp;&nbsp; SD0688, 2.5000%, 10/1/51 | 10430295 | &nbsp;&nbsp;&nbsp;&nbsp; 8918767 |
| &nbsp;&nbsp;&nbsp; SD7548, 2.5000%, 11/1/51 | &nbsp;&nbsp; 5297149 | &nbsp;&nbsp;&nbsp;&nbsp; 4550934 |
| &nbsp;&nbsp;&nbsp; QD6087, 2.5000%, 1/1/52 | &nbsp;&nbsp; 1308302 | &nbsp;&nbsp;&nbsp;&nbsp; 1122924 |
| &nbsp;&nbsp;&nbsp; QD4842, 2.5000%, 1/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 833608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 715233 |
| &nbsp;&nbsp;&nbsp; QD7069, 2.5000%, 2/1/52 | &nbsp;&nbsp; 1987436 | &nbsp;&nbsp;&nbsp;&nbsp; 1703159 |
| &nbsp;&nbsp;&nbsp; QD9513, 2.5000%, 2/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 950870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 809942 |
| &nbsp;&nbsp;&nbsp; QD6554, 3.0000%, 2/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 906538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 806193 |
| &nbsp;&nbsp;&nbsp; QD6555, 3.0000%, 2/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 596409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 532908 |
| &nbsp;&nbsp;&nbsp; SD0931, 2.5000%, 3/1/52 | &nbsp;&nbsp; 8405494 | &nbsp;&nbsp;&nbsp;&nbsp; 7176985 |
| &nbsp;&nbsp;&nbsp; QD8288, 2.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 344819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294250 |
| &nbsp;&nbsp;&nbsp; QD9182, 3.0000%, 3/1/52 | &nbsp;&nbsp; 1043323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 932121 |
| &nbsp;&nbsp;&nbsp; QE0318, 4.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77463 |
| &nbsp;&nbsp;&nbsp; SD0943, 3.5000%, 4/1/52 | &nbsp;&nbsp; 1607336 | &nbsp;&nbsp;&nbsp;&nbsp; 1494609 |
| &nbsp;&nbsp;&nbsp; QE0354, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 830007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 770125 |
| &nbsp;&nbsp;&nbsp; QE1072, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 820858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 761636 |
| &nbsp;&nbsp;&nbsp; QE1073, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 260871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242341 |
| &nbsp;&nbsp;&nbsp; QD9191, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 201311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187027 |
| &nbsp;&nbsp;&nbsp; SD8212, 2.5000%, 5/1/52 | 11411318 | &nbsp;&nbsp;&nbsp;&nbsp; 9661436 |
| &nbsp;&nbsp;&nbsp; SD3493, 2.5000%, 5/1/52 | &nbsp;&nbsp; 3496914 | &nbsp;&nbsp;&nbsp;&nbsp; 2992316 |
| &nbsp;&nbsp;&nbsp; SD1041, 3.0000%, 6/1/52 | &nbsp;&nbsp; 9886106 | &nbsp;&nbsp;&nbsp;&nbsp; 8838064 |
| &nbsp;&nbsp;&nbsp; SD7023, 3.0000%, 6/1/52 | &nbsp;&nbsp; 2633748 | &nbsp;&nbsp;&nbsp;&nbsp; 2337330 |
| &nbsp;&nbsp;&nbsp; SD1840, 3.0000%, 6/1/52 | &nbsp;&nbsp; 1855976 | &nbsp;&nbsp;&nbsp;&nbsp; 1647783 |
| &nbsp;&nbsp;&nbsp; QF0488, 5.5000%, 9/1/52 | &nbsp;&nbsp; 1717266 | &nbsp;&nbsp;&nbsp;&nbsp; 1750533 |
| &nbsp;&nbsp;&nbsp; QF2386, 5.0000%, 10/1/52 | &nbsp;&nbsp; 2964408 | &nbsp;&nbsp;&nbsp;&nbsp; 2962678 |
| &nbsp;&nbsp;&nbsp; QF2145, 5.0000%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98308 |
| &nbsp;&nbsp;&nbsp; QF2437, 5.5000%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 114153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117071 |
| &nbsp;&nbsp;&nbsp; QF7813, 5.0000%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 206283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206940 |
| &nbsp;&nbsp;&nbsp; QF6841, 5.0000%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 180072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180377 |
| &nbsp;&nbsp;&nbsp; QF8398, 5.0000%, 3/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 742289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743298 |
| &nbsp;&nbsp;&nbsp; QF9871, 5.0000%, 3/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 711938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 712858 |
| &nbsp;&nbsp;&nbsp; QG1442, 5.0000%, 4/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 823495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 820368 |
| &nbsp;&nbsp;&nbsp; QG2380, 5.0000%, 5/1/53 | &nbsp;&nbsp; 1702793 | &nbsp;&nbsp;&nbsp;&nbsp; 1699731 |
| &nbsp;&nbsp;&nbsp; QG3598, 5.0000%, 5/1/53 | &nbsp;&nbsp; 1036240 | &nbsp;&nbsp;&nbsp;&nbsp; 1034377 |
| &nbsp;&nbsp;&nbsp; QG3742, 5.0000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 144761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144929 |
| &nbsp;&nbsp;&nbsp; SD2897, 5.5000%, 5/1/53 | &nbsp;&nbsp; 1355003 | &nbsp;&nbsp;&nbsp;&nbsp; 1376030 |
| &nbsp;&nbsp;&nbsp; QG2543, 5.5000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 519670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 528388 |
| &nbsp;&nbsp;&nbsp; QG3917, 5.0000%, 6/1/53 | &nbsp;&nbsp; 1360029 | &nbsp;&nbsp;&nbsp;&nbsp; 1357583 |
| &nbsp;&nbsp;&nbsp; QG4742, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 694873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 689652 |
| &nbsp;&nbsp;&nbsp; QG5161, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 651002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 646064 |
| &nbsp;&nbsp;&nbsp; QG5055, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 556794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 552611 |
| &nbsp;&nbsp;&nbsp; QG4676, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 204306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202936 |
| &nbsp;&nbsp;&nbsp; QG3912, 5.5000%, 6/1/53 | &nbsp;&nbsp; 1717487 | &nbsp;&nbsp;&nbsp;&nbsp; 1750101 |
| &nbsp;&nbsp;&nbsp; QG4741, 5.5000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 394399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397890 |
| &nbsp;&nbsp;&nbsp; QG6693, 5.5000%, 7/1/53 | &nbsp;&nbsp; 1630639 | &nbsp;&nbsp;&nbsp;&nbsp; 1661438 |
| &nbsp;&nbsp;&nbsp; QG7441, 5.5000%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 954840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 972874 |
| &nbsp;&nbsp;&nbsp; SD4294, 5.5000%, 9/1/53 | &nbsp;&nbsp; 1400326 | &nbsp;&nbsp;&nbsp;&nbsp; 1436417 |
| &nbsp;&nbsp;&nbsp; RA9851, 6.0000%, 9/1/53 | 10965771 | &nbsp;&nbsp; 11347342 |
| &nbsp;&nbsp;&nbsp; SD4009, 6.0000%, 9/1/53 | &nbsp;&nbsp; 3148643 | &nbsp;&nbsp;&nbsp;&nbsp; 3275256 |
| &nbsp;&nbsp;&nbsp; SD4668, 6.0000%, 10/1/53 | &nbsp;&nbsp; 5603687 | &nbsp;&nbsp;&nbsp;&nbsp; 5767710 |
| &nbsp;&nbsp;&nbsp; SD4247, 6.5000%, 11/1/53 | &nbsp;&nbsp; 4037400 | &nbsp;&nbsp;&nbsp;&nbsp; 4230325 |
| &nbsp;&nbsp;&nbsp; QI2699, 5.5000%, 4/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 925303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 951720 |
| &nbsp;&nbsp;&nbsp; RJ1341, 6.0000%, 4/1/54 | &nbsp;&nbsp; 4462847 | &nbsp;&nbsp;&nbsp;&nbsp; 4626351 |
| &nbsp;&nbsp;&nbsp; RJ3021, 5.5000%, 12/1/54 | 11557763 | &nbsp;&nbsp; 11726213 |
| &nbsp;&nbsp;&nbsp; SL1226, 5.5000%, 5/1/55 | 12448145 | &nbsp;&nbsp; 12723187 |
| &nbsp;&nbsp;&nbsp; RJ4363, 5.5000%, 6/1/55 | &nbsp;&nbsp; 3594695 | &nbsp;&nbsp;&nbsp;&nbsp; 3678431 |
|  |  | 189310610 |
| Ginnie Mae: |  |  |
| &nbsp;&nbsp;&nbsp; 2.5000%, TBA, 30 Year Maturity | 14314002 | &nbsp;&nbsp; 12316955 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Mortgage-Backed Securities – (continued) |  |  |
| Ginnie Mae – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; 4.0000%, TBA, 30 Year Maturity | &nbsp;&nbsp; $1882256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1769821 |
| &nbsp;&nbsp;&nbsp; 5.0000%, TBA, 30 Year Maturity | &nbsp;&nbsp;&nbsp;&nbsp; 4526907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4502421 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18589197 |
| Ginnie Mae I Pool: |  |  |
| &nbsp;&nbsp;&nbsp; BC7161, 4.0000%, 8/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 393129 |
| &nbsp;&nbsp;&nbsp; BD7109, 4.0000%, 11/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 291029 |
| &nbsp;&nbsp;&nbsp; BD7135, 4.0000%, 12/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 946982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 905041 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1589199 |
| Ginnie Mae II Pool: |  |  |
| &nbsp;&nbsp;&nbsp; MA4068, 3.0000%, 11/20/46 | &nbsp;&nbsp;&nbsp;&nbsp; 8646318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7825918 |
| &nbsp;&nbsp;&nbsp; BB9835, 4.0000%, 8/20/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 277083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 264898 |
| &nbsp;&nbsp;&nbsp; BB9814, 4.0000%, 8/20/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101611 |
| &nbsp;&nbsp;&nbsp; MA5021, 4.5000%, 2/20/48 | &nbsp;&nbsp;&nbsp;&nbsp; 1123270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1109572 |
| &nbsp;&nbsp;&nbsp; MA5192, 4.0000%, 5/20/48 | &nbsp;&nbsp;&nbsp;&nbsp; 4800831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4598999 |
| &nbsp;&nbsp;&nbsp; BH3672, 4.5000%, 5/20/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312535 |
| &nbsp;&nbsp;&nbsp; MA5264, 4.0000%, 6/20/48 | &nbsp;&nbsp;&nbsp;&nbsp; 1338764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1282481 |
| &nbsp;&nbsp;&nbsp; MA5400, 5.0000%, 8/20/48 | &nbsp;&nbsp;&nbsp;&nbsp; 1269216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1279896 |
| &nbsp;&nbsp;&nbsp; MA5930, 3.5000%, 5/20/49 | &nbsp;&nbsp; 11318772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10449242 |
| &nbsp;&nbsp;&nbsp; MA7255, 2.5000%, 3/20/51 | &nbsp;&nbsp; 11012779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9487020 |
| &nbsp;&nbsp;&nbsp; MA7313, 3.0000%, 4/20/51 | &nbsp;&nbsp;&nbsp;&nbsp; 3801359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3401142 |
| &nbsp;&nbsp;&nbsp; MA7473, 3.0000%, 7/20/51 | &nbsp;&nbsp;&nbsp;&nbsp; 5756105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5148754 |
| &nbsp;&nbsp;&nbsp; MA7535, 3.0000%, 8/20/51 | &nbsp;&nbsp; 16586363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14834985 |
| &nbsp;&nbsp;&nbsp; 785843, 2.5000%, 1/20/52 | &nbsp;&nbsp;&nbsp;&nbsp; 7872332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6687182 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66784235 |
| Total Mortgage-Backed Securities (cost $529,217,915) |  | &nbsp;&nbsp;&nbsp;&nbsp; 516966806 |
| United States Treasury Notes/Bonds – 13.9% |  |  |
| &nbsp;&nbsp;&nbsp; 3.6250%, 8/31/27 | &nbsp;&nbsp; 55150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55147846 |
| &nbsp;&nbsp;&nbsp; 3.6250%, 9/30/30 | 173952000 | &nbsp;&nbsp;&nbsp;&nbsp; 173068651 |
| &nbsp;&nbsp;&nbsp; 3.8750%, 9/30/32 | &nbsp;&nbsp;&nbsp;&nbsp; 8378000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8350509 |
| &nbsp;&nbsp;&nbsp; 4.2500%, 8/15/35 | 107722500 | &nbsp;&nbsp;&nbsp;&nbsp; 108597745 |
| &nbsp;&nbsp;&nbsp; 4.8750%, 8/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 7586000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7755500 |
| &nbsp;&nbsp;&nbsp; 4.7500%, 5/15/55 | &nbsp;&nbsp; 26584000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26667075 |
| Total United States Treasury Notes/Bonds (cost $377,985,172) |  | &nbsp;&nbsp;&nbsp;&nbsp; 379587326 |
| Investment Companies<sup>£</sup> – 4.5% |  |  |
| Exchange-Traded Funds (ETFs) – 1.2% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 629422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33487327 |
| Money Markets – 3.3% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup> <br>| &nbsp;&nbsp; 89315162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89333025 |
| Total Investment Companies (cost $121,958,296) |  | &nbsp;&nbsp;&nbsp;&nbsp; 122820352 |
| Investments Purchased with Cash Collateral from Securities Lending – 0% |  |  |
| Investment Companies – 0% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº,</sup><sup>£</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207828 |
| Time Deposits – 0% |  |  |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada, 4.0800%, 10/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $51957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51957 |
| Total Investments Purchased with Cash Collateral from Securities Lending (cost $259,785) | Total Investments Purchased with Cash Collateral from Securities Lending (cost $259,785) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259785 |
| Total Investments (total cost $2,786,868,627) – 102.0% |  | &nbsp;&nbsp; 2792593582 |
| Liabilities, net of Cash, Receivables and Other Assets – (2.0)% |  | &nbsp;&nbsp;&nbsp;&nbsp; (53926766) |
| Net Assets – 100% |  | $2738666816 |

---

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

---

| | | |
|:---|:---|:---|
| ***Summary of Investments by Country - (Long Positions) (unaudited)*** |  |  |
| *Country* | *Value* | &nbsp;&nbsp; *% of* <br>*Investment* <br>*Securities*<br>|
| United States | $2706901780 | &nbsp;&nbsp;&nbsp;&nbsp; 96.9<br> %<br>|
| Canada | 18428988 | &nbsp;&nbsp;&nbsp;&nbsp;0.7 |
| Israel | 17517570 | &nbsp;&nbsp;&nbsp;&nbsp;0.6 |
| United Kingdom | 15438719 | &nbsp;&nbsp;&nbsp;&nbsp;0.6 |
| Ireland | 10142250 | &nbsp;&nbsp;&nbsp;&nbsp;0.4 |
| Australia | 9304369 | &nbsp;&nbsp;&nbsp;&nbsp;0.3 |
| Luxembourg | 8194163 | &nbsp;&nbsp;&nbsp;&nbsp;0.3 |
| Brazil | 6665743 | &nbsp;&nbsp;&nbsp;&nbsp;0.2 |
| Total | $2792593582 | &nbsp;&nbsp;&nbsp;&nbsp; 100.0<br> %<br>|

---

------

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** |
| *Affiliate* | *Affiliated* <br>*Investments,* <br>*at Value at* <br>*6/30/25*<br>| *Purchases* | *Sales* <br>*Proceeds*<br>| *Realized* <br>*Gain/(Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation/* <br>*Depreciation*<br>| *Affiliated* <br>*Investments,* <br>*at Value at* <br>*9/30/25*<br>| *Ending* <br>*Shares*<br>| *Dividend* <br>*Income*<br>|
| Investment Companies - 4.5% | Investment Companies - 4.5% | Investment Companies - 4.5% | Investment Companies - 4.5% | Investment Companies - 4.5% | Investment Companies - 4.5% | Investment Companies - 4.5% | Investment Companies - 4.5% | Investment Companies - 4.5% |
| Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% | Exchange-Traded Funds (ETFs) - 1.2% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency | &nbsp;&nbsp;&nbsp; Janus Henderson Emerging Markets Debt Hard Currency |
|  | &nbsp;&nbsp; $19147204 | &nbsp;&nbsp; $13847946 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $492177 | &nbsp;&nbsp; $33487327 | &nbsp;&nbsp; 629422 | &nbsp;&nbsp; $304630 |
| Money Markets - 3.3% | Money Markets - 3.3% | Money Markets - 3.3% | Money Markets - 3.3% | Money Markets - 3.3% | Money Markets - 3.3% | Money Markets - 3.3% | Money Markets - 3.3% | Money Markets - 3.3% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  |
|  | &nbsp;&nbsp; 82226865 | &nbsp;&nbsp; 309315807 | &nbsp;&nbsp; (302210113) | &nbsp;&nbsp; 931 | (465) | &nbsp;&nbsp; 89333025 | &nbsp;&nbsp; 89315162 | &nbsp;&nbsp; 958356 |
| Total Investment Companies - 4.5% | Total Investment Companies - 4.5% | Total Investment Companies - 4.5% | Total Investment Companies - 4.5% | Total Investment Companies - 4.5% | Total Investment Companies - 4.5% | Total Investment Companies - 4.5% | Total Investment Companies - 4.5% | Total Investment Companies - 4.5% |
|  | &nbsp;&nbsp; $101374069 | &nbsp;&nbsp; $323163753 | &nbsp;&nbsp; $(302210113) | &nbsp;&nbsp; $931 | &nbsp;&nbsp; $491712 | &nbsp;&nbsp; $122820352 | &nbsp;&nbsp; 89944584 | &nbsp;&nbsp; $1262986 |
| Investments Purchased with Cash Collateral from Securities Lending - 0% | Investments Purchased with Cash Collateral from Securities Lending - 0% | Investments Purchased with Cash Collateral from Securities Lending - 0% | Investments Purchased with Cash Collateral from Securities Lending - 0% | Investments Purchased with Cash Collateral from Securities Lending - 0% | Investments Purchased with Cash Collateral from Securities Lending - 0% | Investments Purchased with Cash Collateral from Securities Lending - 0% | Investments Purchased with Cash Collateral from Securities Lending - 0% | Investments Purchased with Cash Collateral from Securities Lending - 0% |
| Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% | Investment Companies - 0% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  |
|  | &nbsp;&nbsp; - | &nbsp;&nbsp; 386493512 | &nbsp;&nbsp; (386285684) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 207828 | &nbsp;&nbsp; 207828 | &nbsp;&nbsp; 51950 <br><sup>∆</sup><br>|
| Total Affiliated Investments - 4.5% | Total Affiliated Investments - 4.5% | Total Affiliated Investments - 4.5% | Total Affiliated Investments - 4.5% | Total Affiliated Investments - 4.5% | Total Affiliated Investments - 4.5% | Total Affiliated Investments - 4.5% | Total Affiliated Investments - 4.5% | Total Affiliated Investments - 4.5% |
|  | &nbsp;&nbsp; $101374069 | &nbsp;&nbsp; $709657265 | &nbsp;&nbsp; $(688495797) | &nbsp;&nbsp; $931 | &nbsp;&nbsp; $491712 | &nbsp;&nbsp; $123028180 | &nbsp;&nbsp; 90152412 | &nbsp;&nbsp; $1314936 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** | ***Schedule of Forward Foreign Currency Exchange Contracts*** |
| *Counterparty/* <br>*Foreign Currency*<br>| *Settlement* <br>*Date*<br>| &nbsp;&nbsp; *Foreign Currency* <br>*Amount (Sold)/* <br>*Purchased*<br>| &nbsp;&nbsp; *USD Currency* <br>*Amount (Sold)/* <br>*Purchased*<br>| &nbsp;&nbsp; *Market Value and* <br>*Unrealized* <br>*Appreciation/* <br>*(Depreciation)*<br>|
| BNP Paribas: | BNP Paribas: | BNP Paribas: | BNP Paribas: | BNP Paribas: |
| &nbsp;&nbsp;&nbsp; British Pound | 12/11/25 | &nbsp;&nbsp;&nbsp; 1012174 | &nbsp;&nbsp;&nbsp; $(1366338) | &nbsp;&nbsp;&nbsp; $(5141) |
| &nbsp;&nbsp;&nbsp; British Pound | 12/11/25 | &nbsp;&nbsp;&nbsp; (2026687) | &nbsp;&nbsp;&nbsp; 2749513 | &nbsp;&nbsp;&nbsp; 23973 |
| Total |  |  |  | &nbsp;&nbsp;&nbsp; $18832 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** |
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp; *Notional* <br>*Amount*<br>| &nbsp;&nbsp; *Value and* <br>*Unrealized* <br>*Appreciation/(Depreciation)*<br>|
| *Futures Long:* |  |  |  |  |
| 2 Year US Treasury Note | 2389 | &nbsp;&nbsp;&nbsp; 1/6/26 | &nbsp;&nbsp;&nbsp; $497863868 | &nbsp;&nbsp;&nbsp; $(132056) |
| 5 Year US Treasury Note | 4923 | &nbsp;&nbsp;&nbsp; 1/6/26 | &nbsp;&nbsp;&nbsp; 537568526 | &nbsp;&nbsp;&nbsp; (518179) |
| Ultra Long Term US Treasury Bond | 340 | &nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp; 40821250 | &nbsp;&nbsp;&nbsp; 1161261 |
| US Treasury Long Bond | 2155 | &nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp; 251259531 | &nbsp;&nbsp;&nbsp; 4588996 |
| Total - Futures Long |  |  |  | &nbsp;&nbsp;&nbsp; 5100022 |
| *Futures Short:* |  |  |  |  |
| 10 Year US Treasury Note | 1133 | &nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp; (127462500) | &nbsp;&nbsp;&nbsp; (283449) |
| Ultra 10-Year Treasury Note | 1098 | &nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp; (126355781) | &nbsp;&nbsp;&nbsp; (1041530) |
| Total - Futures Short |  |  |  | &nbsp;&nbsp;&nbsp; (1324979) |
| Total |  |  |  | &nbsp;&nbsp;&nbsp; $3775043 |

---

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

---

| | |
|:---|:---|
| **Average Ending Monthly Value of Derivative Instruments During the Period Ended September 30, 2025** | **Average Ending Monthly Value of Derivative Instruments During the Period Ended September 30, 2025** |
| Forward foreign currency exchange contracts: |  |
| Average amounts purchased - in USD | $340299 |
| Average amounts sold - in USD | 681385 |
| Futures contracts: |  |
| Average notional amount of contracts - long | 1332799718 |
| Average notional amount of contracts - short | 269125832 |

---

------

**Notes to Schedule of Investments (unaudited)** 

---

| | |
|:---|:---|
| IBOR | Interbank Offered Rate |
| LLC | Limited Liability Company |
| LP | Limited Partnership |
| PLC | Public Limited Company |
| SOFR | Secured Overnight Financing Rate |
| TBA | &nbsp;&nbsp; (To Be Announced) Securities are purchased/sold on a forward commitment basis with an approximate <br> principal amount and no defined maturity date. The actual principal and maturity date will be determined upon <br> settlement when specific mortgage pools are assigned.<br>|

---

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

---

| |
|:---|
| &nbsp;&nbsp; Securities sold under Rule 144A of the Securities Act of 1933, as amended, are subject to legal and/or contractual restrictions on resale <br> and may not be publicly sold without registration under the 1933 Act. Unless otherwise noted, these securities have been determined to be <br> liquid under guidelines established by the Board of Trustees. The total value of 144A securities as of the period ended September 30, <br> 2025 is $1,284,507,587, which represents 46.9% of net assets.<br>|
| &nbsp;&nbsp; All or a portion of this position is not funded, or has been purchased on a delayed delivery or when-issued basis. If applicable, interest rates <br> will be determined and interest will begin to accrue at a future date.<br>|
| &nbsp;&nbsp; Variable or floating rate security. Rate shown is the current rate as of September 30, 2025. Certain variable rate securities are not based <br> on a published reference rate and spread; they are determined by the issuer or agent and current market conditions. Reference rate is as <br> of reset date and may vary by security, which may not indicate a reference rate and/or spread in their description.<br>|
| Rate shown is the 7-day yield as of September 30, 2025. |
| Loaned security; a portion of the security is on loan at September 30, 2025. |
| &nbsp;&nbsp; Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer. The date indicated, if <br> any, represents the next call date.<br>|
| &nbsp;&nbsp; Step bond. The coupon rate will increase or decrease periodically based upon a predetermined schedule. The rate shown reflects the <br> current rate.<br>|
| £&nbsp;&nbsp; The Fund may invest in certain securities that are considered affiliated companies. As defined by the Investment Company Act of 1940, as <br> amended, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is <br> under common ownership or control.<br>|
| Net of income paid to the securities lending agent and rebates paid to the borrowing counterparties. |
| Schedule of Restricted Securities (as of September 30, 2025) |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Acquisition* <br>*Date*<br>| *Cost* | *Value* | &nbsp;&nbsp; *Value as a* <br>*% of Net* <br>*Assets*<br>|
| Oasis Securitization 2024-1A A, 5.8800%, 9/30/38 | 9/24/24 | &nbsp;&nbsp;&nbsp; $1304806 | $1302542 | &nbsp;&nbsp;&nbsp;&nbsp; 0.0<br> %<br>|

---

The Fund has registration rights for certain restricted securities held as of September 30, 2025. The issuer incurs all registration costs.

------

The following is a summary of the inputs that were used to value the Fund's investments in securities and other financial

instruments as of September 30, 2025.

---

| | | | |
|:---|:---|:---|:---|
| **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** |
|  | ***Level 1 -*** <br>***Quoted Prices***<br>| &nbsp;&nbsp; ***Level 2 -*** <br>***Other Significant*** <br>***Observable Inputs***<br>| &nbsp;&nbsp; ***Level 3 -*** <br>***Significant*** <br>***Unobservable Inputs***<br>|
| **Assets** |  |  |  |
| **Investments In Securities:** |  |  |  |
| *Asset-Backed/Commercial Mortgage-Backed Securities* | $- | &nbsp;&nbsp;&nbsp; $938869053 | &nbsp;&nbsp;&nbsp; $- |
| *Bank Loans and Mezzanine Loans* | - | &nbsp;&nbsp;&nbsp; 91911639 | &nbsp;&nbsp;&nbsp; - |
| *Corporate Bonds* | - | &nbsp;&nbsp;&nbsp; 740821298 | &nbsp;&nbsp;&nbsp; - |
| *Foreign Government Bonds* | - | &nbsp;&nbsp;&nbsp; 1357323 | &nbsp;&nbsp;&nbsp; - |
| *Mortgage-Backed Securities* | - | &nbsp;&nbsp;&nbsp; 516966806 | &nbsp;&nbsp;&nbsp; - |
| *United States Treasury Notes/Bonds* | - | &nbsp;&nbsp;&nbsp; 379587326 | &nbsp;&nbsp;&nbsp; - |
| *Investment Companies* | 33487327 | &nbsp;&nbsp;&nbsp; 89333025 | &nbsp;&nbsp;&nbsp; - |
| *Investments Purchased with Cash Collateral from Securities Lending* | - | &nbsp;&nbsp;&nbsp; 259785 | &nbsp;&nbsp;&nbsp; - |
| Total Investments in Securities | $33487327 | &nbsp;&nbsp;&nbsp; $2759106255 | &nbsp;&nbsp;&nbsp; $- |
| **Other Financial Instruments**<sup>(a)</sup>**:** |  |  |  |
| *Forward Foreign Currency Exchange Contracts* | - | &nbsp;&nbsp;&nbsp; 23973 | &nbsp;&nbsp;&nbsp; - |
| *Futures Contracts* | 5750257 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - |
| **Total Assets** | $39237584 | &nbsp;&nbsp;&nbsp; $2759130228 | &nbsp;&nbsp;&nbsp; $- |
| **Liabilities** |  |  |  |
| **Other Financial Instruments**<sup>(a)</sup>**:** |  |  |  |
| *Forward Foreign Currency Exchange Contracts* | $- | &nbsp;&nbsp;&nbsp; $5141 | &nbsp;&nbsp;&nbsp; $- |
| *Futures Contracts* | 1975214 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - |
| **Total Liabilities** | $1975214 | &nbsp;&nbsp;&nbsp; $5141 | &nbsp;&nbsp;&nbsp; $- |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Other financial instruments may include forward foreign currency exchange contracts,
 futures, written options, written swaptions, and swap contracts. Forward foreign currency exchange contracts, futures contracts, and centrally
 cleared swap contracts are reported at their unrealized appreciation/(depreciation) at measurement date, which represents the change in the
 contract's value from trade date. Written options, written swaptions, and OTC swaps are reported at their market value at measurement date.

------

**Investment Valuation**

Fund holdings are valued in accordance with policies and procedures established by the Adviser pursuant to Rule 2a-5 under the 1940 Act and approved by and subject to the oversight of the Trustees (the "Valuation Procedures"). Equity securities traded on a domestic securities exchange are generally valued at readily available market quotations, which are (i) the official close prices or (ii) last sale prices on the primary market or exchange in which the securities trade. If such price is lacking for the trading period immediately preceding the time of determination, such securities are generally valued at their current bid price. Equity securities that are traded on a foreign exchange are generally valued at the closing prices on such markets. In the event that there is no current trading volume on a particular security in such foreign exchange, the bid price from the primary exchange is generally used to value the security. Foreign securities and currencies are converted to U.S. dollars using the current spot USD dollar exchange rate in effect at the close of the New York Stock Exchange ("NYSE"). The Adviser will determine the market value of individual securities held by it by using prices provided by one or more Adviser-approved professional pricing services or, as needed, by obtaining market quotations from independent broker-dealers. Most debt securities are valued in accordance with the evaluated bid price supplied by the pricing service that is intended to reflect market value. The evaluated bid price supplied by the pricing service is an evaluation that may consider factors such as security prices, yields, maturities, and ratings. Certain short-term securities maturing within 60 days or less may be evaluated and valued on an amortized cost basis provided that the amortized cost determined approximates market value. Securities for which market quotations or evaluated prices are not readily available or deemed unreliable are valued at fair value determined in good faith by the Adviser pursuant to the Valuation Procedures. Circumstances in which fair valuation may be utilized include, but are not limited to: (i) a significant event that may affect the securities of a single issuer, such as a merger, bankruptcy, or significant issuer-specific development; (ii) an event that may affect an entire market, such as a natural disaster or significant governmental action; (iii) a nonsignificant event such as a market closing early or not opening, or a security trading halt; and (iv) pricing of a non-valued security and a restricted or nonpublic security. Special valuation considerations may apply with respect to "odd-lot" fixed-income transactions which, due to their small size, may receive evaluated prices by pricing services which reflect a large block trade and not what actually could be obtained for the odd-lot position. The value of the securities of other mutual funds held by the Fund, if any, will be calculated using the NAV of such mutual funds, and the prospectuses for such mutual funds explain the circumstances under which they use fair valuation and the effects of using fair valuation. The value of the securities of any cash management pooled investment vehicles that

operate as money market funds held by the Fund, if any, will be calculated using the NAV of such funds.

**Valuation Inputs Summary**

FASB ASC 820, *Fair Value Measurements and Disclosures* ("ASC 820"), defines fair value, establishes a framework for measuring fair value, and expands disclosure requirements regarding fair value measurements. This standard emphasizes that fair value is a market-based measurement that should be determined based on the assumptions that market participants would use in pricing an asset or liability and establishes a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. These inputs are summarized into three broad levels:

Level 1 – Unadjusted quoted prices in active markets the Fund has the ability to access for identical assets or liabilities.

Level 2 – Observable inputs other than unadjusted quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default

rates and similar data.

Assets or liabilities categorized as Level 2 in the hierarchy generally include: debt securities fair valued in accordance with the evaluated bid or ask prices supplied by a pricing service; securities traded on OTC markets and listed securities for which no sales are reported that are fair valued at the latest bid price (or yield equivalent thereof) obtained from one or more dealers transacting in a market for such securities or by a pricing service approved by the Fund's Trustees; certain short-term debt securities with maturities of 60 days or less that are fair valued at amortized cost; and equity securities of foreign issuers whose fair value is determined by using systematic fair valuation models provided by independent third parties in order to adjust for stale pricing which may occur between the close of certain foreign exchanges and the close of the NYSE. Other securities that may be categorized as Level 2 in the hierarchy include, but are not limited to, preferred stocks, bank loans, swaps,

investments in unregistered investment companies, options, and forward contracts.

Level 3 – Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available.

There have been no significant changes in valuation techniques used in valuing any such positions held by the Fund since the beginning of the fiscal period.

------

The inputs or methodology used for fair valuing securities are not necessarily an indication of the risk associated with investing in those securities. The summary of inputs used as of September 30, 2025 to fair value the Fund's investments in securities and other financial instruments is included in the "Valuation Inputs Summary" in the Notes to Schedule of Investments.

------

For additional information on the Fund, please refer to the Fund's most recent semiannual or annual financial

statements.

125-25-70264 11-25

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** JANUS INVESTMENT FUND

- **b. Investment Company Act file number:** 811-01879

- **c. CIK number of Registrant:** 0000277751

- **d. LEI of Registrant:** W6UYDZFUOFJ4HQQ32382

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

  - **Street Address 1:** 151 Detroit Street

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

  - **Telephone number:** 303-333-3863

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

- **a. Name of Series:** Janus Henderson Flexible Bond Fund

- **b. EDGAR series identifier (if any):** S000010492

- **c. LEI of Series:** C8DSHUK27T5OOEDPW945

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

- **a. Date of fiscal year-end:** 2026-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2825006851.87

**Total Liabilities:** $86340049.06

**Net Assets:** $2738666802.81

**Delayed Delivery Securities:** $54587744.62

**Cash Not Reported:** $15376854.13

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4482.739668958350 | **1-Year:** -110532.964528138410 | **5-Year:** -444754.541900324340 | **10-Year:** -477401.683711079900 | **30-Year:** -128433.304708539280

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

- **3-Month:** -1228.228242494853 | **1-Year:** -42768.540628166050 | **5-Year:** -99397.798371330660 | **10-Year:** -61128.017317322110 | **30-Year:** -7273.324702872154

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028954 | -0.47%               | 1.37%                | 1.02%                |
| Class ID C000077742 | -0.48%               | 1.35%                | 1.00%                |
| Class ID C000077743 | -0.54%               | 1.30%                | 0.95%                |
| Class ID C000077744 | -0.45%               | 1.49%                | 0.92%                |
| Class ID C000077745 | -0.51%               | 1.43%                | 0.87%                |
| Class ID C000077746 | -0.49%               | 1.45%                | 0.89%                |
| Class ID C000083536 | -0.46%               | 1.38%                | 1.03%                |
| Class ID C000114884 | -0.55%               | 1.50%                | 1.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2992359.00              | $-17757532.00                              |
| Month 2  | $6957601.00              | $14285250.00                               |
| Month 3  | $3847209.00              | $8859351.00                                |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Aggregate Unhedged in USD

- **Index Identifier:** LEHM.MC.LEHM000001UUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Federal National Mortgage Association                                                            | FN BV8544                                                                                      | CUSIP: 3140MNP67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1140340 | PA      | $1057983.55   | 0.04%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BW0072                                                                                      | CUSIP: 3140MRCJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    100007 | PA      | $97539.09     | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BW0081                                                                                      | CUSIP: 3140MRCT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    168424 | PA      | $164267.17    | 0.01%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BW0343                                                                                      | CUSIP: 3140MRLZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    486641 | PA      | $474629.95    | 0.02%             | 2052-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BW0972                                                                                      | CUSIP: 3140MSCJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1880681 | PA      | $1838246.68   | 0.07%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BW1288                                                                                      | CUSIP: 3140MSNE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    709497 | PA      | $710846.42    | 0.03%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BW7369                                                                                      | CUSIP: 3140N0FK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1588055 | PA      | $1593617.21   | 0.06%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BX5759                                                                                      | CUSIP: 3140NAMH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    357052 | PA      | $358059.17    | 0.01%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BX5969                                                                                      | CUSIP: 3140NAT37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    426794 | PA      | $428119.77    | 0.02%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BX8071                                                                                      | CUSIP: 3140NC6H7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    215214 | PA      | $215491.39    | 0.01%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BX7860                                                                                      | CUSIP: 3140NCWW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    325824 | PA      | $333195.49    | 0.01%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BX9351                                                                                      | CUSIP: 3140NEL94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    474893 | PA      | $475506.15    | 0.02%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY0782                                                                                      | CUSIP: 3140NG2Q2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    186012 | PA      | $190457.41    | 0.01%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY0866                                                                                      | CUSIP: 3140NG6C9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    175826 | PA      | $179165.05    | 0.01%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY1920                                                                                      | CUSIP: 3140NJD27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    258815 | PA      | $259131.10    | 0.01%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST 2023-NQM2                                                                     | ADMT 2024-NQM5 A1                                                                              | CUSIP: 00039KAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2230688 | PA      | $2241994.15   | 0.08%             | 2069-11-25      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| ALA TRUST 2025-OANA                                                                              | ALA 2025-OANA A                                                                                | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6211000 | PA      | $6233512.05   | 0.23%             | 2040-06-15      | Variable      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| ALA TRUST 2025-OANA                                                                              | ALA 2025-OANA B                                                                                | CUSIP: 009920AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2119000 | PA      | $2129418.91   | 0.08%             | 2040-06-15      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC) | ACI 6.5 02/15/28 144A                                                                          | CUSIP: 01309QAA6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   4458000 | PA      | $4528255.81   | 0.17%             | 2028-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST 2024-PMDW                                                                              | BPR 2024-PMDW A                                                                                | CUSIP: 05592VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7398253 | PA      | $7527152.63   | 0.27%             | 2041-11-05      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST 2024-PMDW                                                                              | BPR 2024-PMDW D                                                                                | CUSIP: 05592VAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2865000 | PA      | $2817465.14   | 0.10%             | 2041-11-05      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2019-OC11 B                                                                                 | CUSIP: 05606FAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1549000 | PA      | $1475006.59   | 0.05%             | 2041-12-09      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2019-OC11 C                                                                                 | CUSIP: 05606FAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4295000 | PA      | $4087207.47   | 0.15%             | 2041-12-09      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2021-LBA AV                                                                                 | CUSIP: 05609BAV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4808914 | PA      | $4807771.62   | 0.18%             | 2036-02-15      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2021-LBA AJV                                                                                | CUSIP: 05609BCD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5348000 | PA      | $5342472.66   | 0.20%             | 2036-02-15      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2021-VOLT B                                                                                 | CUSIP: 05609VAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5995108 | PA      | $5976048.52   | 0.22%             | 2036-09-15      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2021-VOLT D                                                                                 | CUSIP: 05609VAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6296414 | PA      | $6273620.48   | 0.23%             | 2036-09-15      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Bx Commercial Mortgage Trust 2018-Bioa                                                           | BX 2022-FOX2 A2                                                                                | CUSIP: 05610AAW8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3661754 | PA      | $3654519.19   | 0.13%             | 2039-04-15      | Variable      | 4.90%                 | Yes           |                  2 | On Loan: No      |
| BPR TST                                                                                          | BPR 2023-BRK2 A                                                                                | CUSIP: 05610WAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6286000 | PA      | $6610941.14   | 0.24%             | 2038-10-05      | Variable      | 7.15%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2024-BRBK A                                                                                 | CUSIP: 05613NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3116919 | PA      | $3136486.59   | 0.11%             | 2041-10-15      | Variable      | 7.03%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2024-AIR2 A                                                                                 | CUSIP: 05613QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6888832 | PA      | $6898992.09   | 0.25%             | 2041-10-15      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Booz Allen Hamilton Inc                                                                          | BAH 5.95 04/15/35                                                                              | CUSIP: 09951LAD5<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |  16587000 | PA      | $17292058.30  | 0.63%             | 2035-04-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECS TR 24-RM8                                                                | BABS 2024-RM8 A1                                                                               | CUSIP: 10637YAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3586628 | PA      | $3524349.20   | 0.13%             | 2064-05-25      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 4.9 02/15/38                                                                              | CUSIP: 11135FCX7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4178000 | PA      | $4155615.07   | 0.15%             | 2038-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 4.8 02/15/36                                                                              | CUSIP: 11135FCY5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   5836000 | PA      | $5818195.24   | 0.21%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2024-GPA3 A                                                                                 | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3834107 | PA      | $3839620.30   | 0.14%             | 2039-12-15      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2024-GPA3 B                                                                                 | CUSIP: 123910AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1767729 | PA      | $1771057.08   | 0.06%             | 2039-12-15      | Variable      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| BX COML MTG TR 2024-AIRC                                                                         | BX 2024-AIRC A                                                                                 | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8893855 | PA      | $8915429.56   | 0.33%             | 2039-08-15      | Variable      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| BX COML MTG TR 2024-AIRC                                                                         | BX 2024-AIRC C                                                                                 | CUSIP: 12433CAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2748669 | PA      | $2755454.82   | 0.10%             | 2039-08-15      | Variable      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| CRB Securitization Trust 2023-1                                                                  | CRB 2023-1 A                                                                                   | CUSIP: 12670DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     52265 | PA      | $52324.64     | 0.00%             | 2033-10-20      | Fixed         | 6.96%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2021-R03 1M1                                                                               | CUSIP: 20754AAA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    388363 | PA      | $387630.33    | 0.01%             | 2041-12-25      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2021-R03 1M2                                                                               | CUSIP: 20754AAB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3943000 | PA      | $3960578.74   | 0.14%             | 2041-12-25      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2022-R05 2M1                                                                               | CUSIP: 20754DAA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    131190 | PA      | $131468.16    | 0.00%             | 2042-04-25      | Variable      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2021-R02 2M2                                                                               | CUSIP: 20754KAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7958319 | PA      | $8052991.42   | 0.29%             | 2041-11-25      | Variable      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2022-R01 1B1                                                                               | CUSIP: 20754LAF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6109000 | PA      | $6253125.98   | 0.23%             | 2041-12-25      | Variable      | 7.51%                 | Yes           |                  2 | On Loan: No      |
| CONN AVN SEC TR 2022-R07                                                                         | CAS 2022-R07 1M1                                                                               | CUSIP: 20754MBZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1005509 | PA      | $1031423.81   | 0.04%             | 2042-06-25      | Variable      | 7.31%                 | Yes           |                  2 | On Loan: No      |
| DATA 2024 CNTR2 MORTGAGE TRUST                                                                   | DATA 2024-CTR2 A                                                                               | CUSIP: 238020AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    887107 | PA      | $894000.13    | 0.03%             | 2046-05-10      | Variable      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZK9009                                                                                      | CUSIP: 3131XDAJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    202104 | PA      | $196174.73    | 0.01%             | 2032-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZT1257                                                                                      | CUSIP: 3132ADME5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     71276 | PA      | $65666.79     | 0.00%             | 2046-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZT1320                                                                                      | CUSIP: 3132ADPD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    121926 | PA      | $116674.88    | 0.00%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZT1633                                                                                      | CUSIP: 3132ADY69<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5320 | PA      | $5139.47      | 0.00%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SB0866                                                                                      | CUSIP: 3132CW6B5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5915615 | PA      | $5565208.23   | 0.20%             | 2037-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SB0040                                                                                      | CUSIP: 3132CWBH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3831913 | PA      | $3694088.39   | 0.13%             | 2033-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SB0116                                                                                      | CUSIP: 3132CWDV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    497539 | PA      | $471888.21    | 0.02%             | 2034-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD0688                                                                                      | CUSIP: 3132DMXR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10430295 | PA      | $8918766.81   | 0.33%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD0931                                                                                      | CUSIP: 3132DNA86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8405494 | PA      | $7176985.39   | 0.26%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD0943                                                                                      | CUSIP: 3132DNBL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1607336 | PA      | $1494609.17   | 0.05%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD1041                                                                                      | CUSIP: 3132DNEN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9886106 | PA      | $8838064.27   | 0.32%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD1143                                                                                      | CUSIP: 3132DNHU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4187953 | PA      | $4127253.54   | 0.15%             | 2050-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD1551                                                                                      | CUSIP: 3132DNWL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1421164 | PA      | $1359962.43   | 0.05%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD1840                                                                                      | CUSIP: 3132DPBH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1855976 | PA      | $1647783.05   | 0.06%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD3493                                                                                      | CUSIP: 3132DQ3A2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3496914 | PA      | $2992316.16   | 0.11%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD2897                                                                                      | CUSIP: 3132DQGE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1355003 | PA      | $1376030.31   | 0.05%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD4668                                                                                      | CUSIP: 3132DSFH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5603687 | PA      | $5767710.35   | 0.21%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD7023                                                                                      | CUSIP: 3132DUYU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2633748 | PA      | $2337329.94   | 0.09%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8040                                                                                      | CUSIP: 3132DV4Z5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    122461 | PA      | $120415.01    | 0.00%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD7548                                                                                      | CUSIP: 3132DVL52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5297149 | PA      | $4550933.95   | 0.17%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BF0619                                                                                      | CUSIP: 3140FXVM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14291513 | PA      | $11710232.43  | 0.43%             | 2062-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB4076                                                                                      | CUSIP: 3140QPQ67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1002577 | PA      | $930730.10    | 0.03%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB4329                                                                                      | CUSIP: 3140QPY35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    337023 | PA      | $313238.31    | 0.01%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB4320                                                                                      | CUSIP: 3140QPYS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    665237 | PA      | $617513.57    | 0.02%             | 2052-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB7112                                                                                      | CUSIP: 3140QS3W9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7145849 | PA      | $7314473.12   | 0.27%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS6926                                                                                      | CUSIP: 3140XNVU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14297540 | PA      | $12234666.37  | 0.45%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS8037                                                                                      | CUSIP: 3140XP4X4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1773565 | PA      | $1845615.28   | 0.07%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS7607                                                                                      | CUSIP: 3140XPNZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1545337 | PA      | $1602129.63   | 0.06%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS7643                                                                                      | CUSIP: 3140XPP52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3790806 | PA      | $3942529.75   | 0.14%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CC0839                                                                                      | CUSIP: 3140Y64Z0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2907854 | PA      | $2993443.16   | 0.11%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN 995757                                                                                      | CUSIP: 31416CE69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    505388 | PA      | $531558.68    | 0.02%             | 2037-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AB7563                                                                                      | CUSIP: 31417EMM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    111930 | PA      | $102840.53    | 0.00%             | 2043-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | FN MA1363                                                                                      | CUSIP: 31418AQR2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |    174419 | PA      | $159349.76    | 0.01%             | 2043-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN MA3521                                                                                      | CUSIP: 31418C4F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1357745 | PA      | $1299274.23   | 0.05%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FN MA4378                                                                                      | CUSIP: 31418D2L5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14833703 | PA      | $12040449.85  | 0.44%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FN MA3774                                                                                      | CUSIP: 31418DFQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10390 | PA      | $9260.61      | 0.00%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FN MA3908                                                                                      | CUSIP: 31418DKW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    159238 | PA      | $156577.85    | 0.01%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FN MA4079                                                                                      | CUSIP: 31418DQ96<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6017182 | PA      | $5352922.17   | 0.20%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA4068                                                                                      | CUSIP: 36179SQV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8646318 | PA      | $7825917.70   | 0.29%             | 2046-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA5400                                                                                      | CUSIP: 36179T7M1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1269216 | PA      | $1279896.30   | 0.05%             | 2048-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA5021                                                                                      | CUSIP: 36179TSJ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1123270 | PA      | $1109572.33   | 0.04%             | 2048-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA5192                                                                                      | CUSIP: 36179TXV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4800831 | PA      | $4598998.91   | 0.17%             | 2048-05-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA5264                                                                                      | CUSIP: 36179TZ57<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1338764 | PA      | $1282480.62   | 0.05%             | 2048-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA5930                                                                                      | CUSIP: 36179UST0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  11318772 | PA      | $10449242.04  | 0.38%             | 2049-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA7255                                                                                      | CUSIP: 36179WBY3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  11012779 | PA      | $9487019.56   | 0.35%             | 2051-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA7313                                                                                      | CUSIP: 36179WDS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3801359 | PA      | $3401141.91   | 0.12%             | 2051-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GN BC7161                                                                                      | CUSIP: 3617BA5W9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    410829 | PA      | $393129.37    | 0.01%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GN BD7109                                                                                      | CUSIP: 3617BN3S2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    304132 | PA      | $291028.97    | 0.01%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GN BD7135                                                                                      | CUSIP: 3617BN4U6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    946982 | PA      | $905041.04    | 0.03%             | 2047-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 BH3672                                                                                      | CUSIP: 3617H1CH8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    318270 | PA      | $312534.49    | 0.01%             | 2048-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2025-CES2                                                    | GSMBS 2025-CES2 A1                                                                             | CUSIP: 36273BAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4715000 | PA      | $4714957.09   | 0.17%             | 2055-09-25      | Variable      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| KRE COMMERCIAL MORTGAGE TRUST 2025-                                                              | KRE 2025-AIP4 A                                                                                | CUSIP: 50077KAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5588000 | PA      | $5579815.18   | 0.20%             | 2042-03-17      | Variable      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| LBA TR 2024-BOLT                                                                                 | LBA 2024-BOLT A                                                                                | CUSIP: 50177BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5125301 | PA      | $5126754.32   | 0.19%             | 2039-06-15      | Variable      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.                                                                     | OCINCC 4.7 02/08/27 *                                                                          | CUSIP: 69120VAF8<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    743000 | PA      | $741717.32    | 0.03%             | 2027-02-08      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| 2023-MIC TRUST/THE                                                                               | THE 2023-MIC A                                                                                 | CUSIP: 87256GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4402712 | PA      | $4768522.69   | 0.17%             | 2038-12-05      | Variable      | 8.73%                 | Yes           |                  2 | On Loan: No      |
| Texas Commercial Mortgage Trust 2025-Twr                                                         | TEXAS 2025-TWR A                                                                               | CUSIP: 88231WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2053000 | PA      | $2046921.13   | 0.07%             | 2042-04-15      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| 280 Park Avenue Trust                                                                            | PRK 2017-280P A                                                                                | CUSIP: 90205FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4050930 | PA      | $4017402.58   | 0.15%             | 2034-09-15      | Variable      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO I Ltd.                                                                                   | AGL 2023-26A A1R                                                                               | CUSIP: 00852HAL5<br>LEI: 5493005XHETQNZF9TM25 | Long             | ABS-O            | CORP              | JE        |   9858000 | PA      | $9894565.29   | 0.36%             | 2038-10-21      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO IV Ltd.                                                              | BSP 2025-43A A                                                                                 | CUSIP: 08179QAA8<br>LEI: 5493002BNZCV0YE1MG83 | Long             | ABS-CBDO         | CORP              | KY        |   8100000 | PA      | $8124300.00   | 0.30%             | 2038-10-20      | Variable      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| Bombardier Inc.                                                                                  | BBDBCN 7.45 05/01/34 144A                                                                      | CUSIP: 097751AL5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   8794000 | PA      | $9712770.74   | 0.35%             | 2034-05-01      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| GOLDENTREE LN MGM 20 LTD/LLC                                                                     | GLM 2023-17A AR                                                                                | CUSIP: 38139FAN0<br>LEI: 549300TS068SCJRDSP12 | Long             | ABS-CBDO         | CORP              | JE        |   6961000 | PA      | $6977101.49   | 0.25%             | 2039-01-20      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| OCEANVIEW MORTGAGE TRUST                                                                         | BVINV 2021-4 A11                                                                               | CUSIP: 07336GAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5106482 | PA      | $4748493.28   | 0.17%             | 2051-10-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD4247                                                                                      | CUSIP: 3132E0WG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4037400 | PA      | $4230324.77   | 0.15%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD4294                                                                                      | CUSIP: 3132E0XX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1400326 | PA      | $1436416.99   | 0.05%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF6841                                                                                      | CUSIP: 3133BUS65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    180072 | PA      | $180376.96    | 0.01%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF7813                                                                                      | CUSIP: 3133BVVE2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    206283 | PA      | $206939.80    | 0.01%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF8398                                                                                      | CUSIP: 3133BWKK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    742289 | PA      | $743297.49    | 0.03%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF9871                                                                                      | CUSIP: 3133BX6G1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    711938 | PA      | $712857.50    | 0.03%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG1442                                                                                      | CUSIP: 3133C1S76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    823495 | PA      | $820367.68    | 0.03%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                              | US T-BOND 30YR                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      2155 | NC      | $4588995.88   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFIRM MASTER TRUST                                                                              | AFRMT 2025-3A A                                                                                | CUSIP: 00833BAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3080000 | PA      | $3069788.74   | 0.11%             | 2034-10-16      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| Alpha Generation LLC                                                                             | Alpha Generation LLC Term Loan B 275 2031-09-08                                                | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |   4032528 | PA      | $4024462.45   | 0.15%             | 2031-09-30      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                                         | AXP V4.918 07/20/33                                                                            | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   6354000 | PA      | $6464612.78   | 0.24%             | 2033-07-20      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| American Tower Trust I                                                                           | AMETOW 5.49 03/15/28                                                                           | CUSIP: 03027WAM4<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | ABS-O            | CORP              | US        |  10515000 | PA      | $10688529.05  | 0.39%             | 2028-03-15      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                                         | AOMT 2019-5 A1                                                                                 | CUSIP: 03464KAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    177038 | PA      | $174727.54    | 0.01%             | 2049-10-25      | Variable      | 2.59%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2019-6                                                                  | AOMT 2019-6 A1                                                                                 | CUSIP: 03464VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    157550 | PA      | $155033.07    | 0.01%             | 2059-11-25      | Variable      | 2.62%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                                         | AOMT 2020-2 A1A                                                                                | CUSIP: 03464XAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    936984 | PA      | $873884.55    | 0.03%             | 2065-01-26      | Variable      | 2.53%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2020-3                                                                  | AOMT 2020-3 A2                                                                                 | CUSIP: 03465LAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    618634 | PA      | $596473.14    | 0.02%             | 2065-04-25      | Variable      | 2.41%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                                         | AOMT 2024-5 A1                                                                                 | CUSIP: 03465YAA5<br>LEI: 25490045FDNHIWZ12934 | Long             | ABS-O            | CORP              | US        |   5970900 | PA      | $5931238.90   | 0.22%             | 2068-07-25      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                                         | AOMT 2025-6 A1                                                                                 | CUSIP: 034937AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4587645 | PA      | $4625718.93   | 0.17%             | 2070-04-25      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Aon North America Inc.                                                                           | AON 5.45 03/01/34                                                                              | CUSIP: 03740MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5364000 | PA      | $5587701.60   | 0.20%             | 2034-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Applovin Corp.                                                                                   | APP 5.375 12/01/31                                                                             | CUSIP: 03831WAC2<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   4227000 | PA      | $4372728.66   | 0.16%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Applovin Corp.                                                                                   | APP 5.5 12/01/34                                                                               | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   6424000 | PA      | $6631149.78   | 0.24%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust 2019-A                                                                        | AQFIT 2021-A A                                                                                 | CUSIP: 03842VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    779468 | PA      | $720124.17    | 0.03%             | 2046-07-17      | Fixed         | 1.54%                 | Yes           |                  2 | On Loan: No      |
| Ares Capital Corp.                                                                               | ARCC 5.1 01/15/31                                                                              | CUSIP: 04010LBL6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |  13317000 | PA      | $13220947.68  | 0.48%             | 2031-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust 2022-1                                              | ARIVO 2022-1A A                                                                                | CUSIP: 04047EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     27889 | PA      | $27871.03     | 0.00%             | 2028-05-15      | Fixed         | 3.93%                 | Yes           |                  2 | On Loan: No      |
| Gallagher Aj &Co                                                                                 | AJG 6.5 02/15/34                                                                               | CUSIP: 04316JAF6<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   2912000 | PA      | $3228788.30   | 0.12%             | 2034-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Gallagher Aj &Co                                                                                 | AJG 5 02/15/32                                                                                 | CUSIP: 04316JAM1<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    895000 | PA      | $913147.35    | 0.03%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gallagher Aj &Co                                                                                 | AJG 5.15 02/15/35                                                                              | CUSIP: 04316JAN9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   2237000 | PA      | $2263449.24   | 0.08%             | 2035-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                                                   | ATWALD 6.05 01/15/28                                                                           | CUSIP: 049463AD4<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |   3930000 | PA      | $4020012.96   | 0.15%             | 2028-01-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                                                   | ATWALD 6.25 01/15/30                                                                           | CUSIP: 049463AE2<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |   3170000 | PA      | $3259416.25   | 0.12%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BAMLL RE-REMIC TRUST 2024-FRR2                                                                   | BAMLL 2024-FRR2 E                                                                              | CUSIP: 05493UAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1774000 | PA      | $1500286.52   | 0.05%             | 2050-07-27      | Variable      | 1.27%                 | Yes           |                  2 | On Loan: No      |
| Banc Of America Alternative Loan Trust                                                           | BAMLL 2024-FRR4 E                                                                              | CUSIP: 05493VAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    560000 | PA      | $546950.38    | 0.02%             | 2048-11-27      | Variable      | 1.12%                 | Yes           |                  2 | On Loan: No      |
| Banc Of America Alternative Loan Trust                                                           | BAMLL 2024-FRR4 F                                                                              | CUSIP: 05493VAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1112000 | PA      | $1082678.01   | 0.04%             | 2048-11-27      | Variable      | 1.05%                 | Yes           |                  2 | On Loan: No      |
| Banc Of America Alternative Loan Trust                                                           | BAMLL 2024-FRR3 E                                                                              | CUSIP: 054988AJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2396255 | PA      | $2144503.49   | 0.08%             | 2050-01-27      | Variable      | 0.49%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2025-Roic                                                                               | BX 2025-ROIC A                                                                                 | CUSIP: 05593VAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7878274 | PA      | $7854590.22   | 0.29%             | 2030-03-15      | Variable      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2025-Roic                                                                               | BX 2025-ROIC B                                                                                 | CUSIP: 05593VAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1724275 | PA      | $1717959.96   | 0.06%             | 2030-03-15      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST 2024-VLT4                                                                               | BX 2024-VLT4 A                                                                                 | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6380507 | PA      | $6379695.73   | 0.23%             | 2041-06-17      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG2380                                                                                      | CUSIP: 3133C2UD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1702793 | PA      | $1699731.15   | 0.06%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG2543                                                                                      | CUSIP: 3133C2ZG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    519670 | PA      | $528388.10    | 0.02%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bx Commercial Mortgage Trust 2018-Bioa                                                           | BX 2025-DIME A                                                                                 | CUSIP: 05613UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6220000 | PA      | $6202042.02   | 0.23%             | 2035-02-15      | Variable      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                                         | BX 2024-VLT5 A                                                                                 | CUSIP: 05614JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7894000 | PA      | $8038598.43   | 0.29%             | 2046-11-13      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG3598                                                                                      | CUSIP: 3133C37K6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1036240 | PA      | $1034376.57   | 0.04%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG3742                                                                                      | CUSIP: 3133C4EP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    144761 | PA      | $144928.49    | 0.01%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG3917                                                                                      | CUSIP: 3133C4K60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1360029 | PA      | $1357583.09   | 0.05%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG3912                                                                                      | CUSIP: 3133C4KZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1717487 | PA      | $1750101.15   | 0.06%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                                         | BX 2024-VLT5 B                                                                                 | CUSIP: 05614JAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2036000 | PA      | $2085712.62   | 0.08%             | 2046-11-13      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                                         | BX 2024-VLT5 C                                                                                 | CUSIP: 05614JAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1086000 | PA      | $1118813.18   | 0.04%             | 2046-11-13      | Variable      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust 2025-IND                                                           | BLP 2025-IND A                                                                                 | CUSIP: 05625BAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6590000 | PA      | $6569139.45   | 0.24%             | 2042-03-17      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V5.162 01/24/31                                                                            | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  10474000 | PA      | $10810061.43  | 0.39%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG4676                                                                                      | CUSIP: 3133C5FR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    204306 | PA      | $202935.80    | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG4741                                                                                      | CUSIP: 3133C5HS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    394399 | PA      | $397889.75    | 0.01%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V5.744 02/12/36                                                                            | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6622000 | PA      | $6880050.07   | 0.25%             | 2036-02-12      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| BAYVIEW MSR OPPORTUNITY MASTER FUND                                                              | BVINV 2021-5 AF                                                                                | CUSIP: 07336JAX6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4852953 | PA      | $4514257.91   | 0.16%             | 2051-11-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG4742                                                                                      | CUSIP: 3133C5HT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    694873 | PA      | $689652.11    | 0.03%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG5055                                                                                      | CUSIP: 3133C5TL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    556794 | PA      | $552610.67    | 0.02%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAYVIEW MSR OPPORTUNITY MASTER FUND                                                              | BVINV 2022-2 A1                                                                                | CUSIP: 07336NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3742499 | PA      | $3235539.82   | 0.12%             | 2051-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| BAYVIEW OPPORTUNITY MASTER FUND VII                                                              | BVCLN 2025-EDU1 B                                                                              | CUSIP: 07337GAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1750000.00   | 0.06%             | 2048-07-27      | Variable      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG5161                                                                                      | CUSIP: 3133C5WW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    651002 | PA      | $646063.56    | 0.02%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG6693                                                                                      | CUSIP: 3133C7NJ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1630639 | PA      | $1661437.58   | 0.06%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                                   | BCRED 7.3 11/27/28                                                                             | CUSIP: 09261HBC0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   4159000 | PA      | $4442528.89   | 0.16%             | 2028-11-27      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Blackstone Secured Lending Fund                                                                  | BXSL 5.875 11/15/27                                                                            | CUSIP: 09261XAH5<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |   6264000 | PA      | $6418609.24   | 0.23%             | 2027-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG7441                                                                                      | CUSIP: 3133C8HS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    954840 | PA      | $972874.38    | 0.04%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QN0783                                                                                      | CUSIP: 3133G62Q7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     16684 | PA      | $16085.51     | 0.00%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2025-VLT7 A                                                                                 | CUSIP: 123913AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12393000 | PA      | $12428327.58  | 0.45%             | 2044-07-15      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2025-GW A                                                                                   | CUSIP: 12433GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2678000 | PA      | $2683598.02   | 0.10%             | 2042-07-15      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2025-GW B                                                                                   | CUSIP: 12433GAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7326000 | PA      | $7334356.95   | 0.27%             | 2042-07-15      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                                          | SORT 2021-1A A1                                                                                | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7072247 | PA      | $5856623.57   | 0.21%             | 2061-03-15      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                                          | SORT 2021-1A B1                                                                                | CUSIP: 12530MAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1461837 | PA      | $933703.94    | 0.03%             | 2061-03-15      | Fixed         | 1.98%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                                          | SORT 2022-1A A1                                                                                | CUSIP: 12530MAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5396119 | PA      | $5210521.27   | 0.19%             | 2062-08-15      | Fixed         | 5.97%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                                          | SORT 2022-1A A2                                                                                | CUSIP: 12530MAM7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15830210 | PA      | $14868805.36  | 0.54%             | 2062-08-15      | Fixed         | 6.11%                 | Yes           |                  2 | On Loan: No      |
| COLT 2020-3 Mortgage Loan Trust                                                                  | COLT 2020-3 A1                                                                                 | CUSIP: 12597QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     58530 | PA      | $57670.38     | 0.00%             | 2065-04-27      | Variable      | 1.51%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | COOPR 2025-CES2 A1A                                                                            | CUSIP: 12674UAA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1540548 | PA      | $1554409.30   | 0.06%             | 2060-06-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CACI International Inc.                                                                          | CACI 6.375 06/15/33 144A                                                                       | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |   2344000 | PA      | $2417954.72   | 0.09%             | 2033-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY1896                                                                                      | CUSIP: 3140NJDA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    341272 | PA      | $347752.30    | 0.01%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY2783                                                                                      | CUSIP: 3140NKCV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    285115 | PA      | $285444.35    | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OASIS SECURITISATION 21-2A                                                                       | OASIS 2025-1A A                                                                                | CUSIP: 53161AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3678000 | PA      | $3698498.97   | 0.14%             | 2039-08-15      | Fixed         | 6.36%                 | Yes           |                  2 | On Loan: No      |
| OASIS SECURITISATION 24-1A                                                                       | OASIS 2024-1A A                                                                                | CUSIP: 53161XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1305000 | PA      | $1302541.51   | 0.05%             | 2038-09-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.             | CHTR 6.65 02/01/34                                                                             | CUSIP: 161175CP7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   4961000 | PA      | $5301310.26   | 0.19%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC                                                           | CITSEC 5.5 06/18/30                                                                            | CUSIP: 17289RAA4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    304000 | PA      | $312012.85    | 0.01%             | 2030-06-18      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL                                                                             | OBX 2022-INV1 A1                                                                               | CUSIP: 67115NAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1579202 | PA      | $1363358.79   | 0.05%             | 2051-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL                                                                             | OBX 2022-INV1 A18                                                                              | CUSIP: 67115NAU4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4178729 | PA      | $3594623.30   | 0.13%             | 2051-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC                                                           | CITSEC 6.2 06/18/35                                                                            | CUSIP: 17289RAB2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |   1336000 | PA      | $1403435.19   | 0.05%             | 2035-06-18      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources Inc                                                                            | CIVI 8.75 07/01/31 144A                                                                        | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   2714000 | PA      | $2780522.94   | 0.10%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources Inc                                                                            | CIVI 8.625 11/01/30 144A                                                                       | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   1464000 | PA      | $1516212.84   | 0.06%             | 2030-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources Inc                                                                            | CIVI 9.625 06/15/33 144A                                                                       | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   5261000 | PA      | $5556705.66   | 0.20%             | 2033-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| OAK STREET INVESTMENT                                                                            | OAKIG 2020-1A A1                                                                               | CUSIP: 67181DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4236951 | PA      | $4044074.20   | 0.15%             | 2050-11-20      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 8.875 07/15/30                                                                             | CUSIP: 674599EA9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3013000 | PA      | $3481036.41   | 0.13%             | 2030-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Clearwater Analytics                                                                             | Clearwater Analytics Term Loan B 225 2032-02-02                                                | CUSIP: 18512EAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2895000 | PA      | $2895000.00   | 0.11%             | 2032-04-21      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                                        | COMM 2024-WCL1 A                                                                               | CUSIP: 20047DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4244767 | PA      | $4239668.83   | 0.15%             | 2041-06-17      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| CONE 2024-DWF1                                                                                   | CONE 2024-DFW1 A                                                                               | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4269000 | PA      | $4259326.09   | 0.16%             | 2041-08-15      | Variable      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| CONE 2024-DWF1                                                                                   | CONE 2024-DFW1 B                                                                               | CUSIP: 20682AAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3139063 | PA      | $3192794.48   | 0.12%             | 2041-08-15      | Variable      | 6.44%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 6.625 09/01/30                                                                             | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2303559.45   | 0.08%             | 2030-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 6.125 01/01/31                                                                             | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3015000 | PA      | $3175898.40   | 0.12%             | 2031-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | COOPR 2025-CES3 A1A                                                                            | CUSIP: 216926AA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3466000 | PA      | $3459589.94   | 0.13%             | 2060-09-25      | Variable      | 4.84%                 | Yes           |                  2 | On Loan: No      |
| CP EF ASSET SECURITIZATION II LLC                                                                | CPEF 2023-1A A                                                                                 | CUSIP: 224092AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    833493 | PA      | $841248.51    | 0.03%             | 2032-03-15      | Fixed         | 7.48%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 5.2 08/01/29                                                                               | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2587479.90   | 0.09%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 4.8 09/26/32                                                                              | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   4192000 | PA      | $4197040.75   | 0.15%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY3263                                                                                      | CUSIP: 3140NKTV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    372830 | PA      | $373707.23    | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY4284                                                                                      | CUSIP: 3140NLXN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    146543 | PA      | $150213.25    | 0.01%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 5.2 09/26/35                                                                              | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2056000 | PA      | $2067321.22   | 0.08%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                                | PNC V6.875 10/20/34                                                                            | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   6946000 | PA      | $7869490.01   | 0.29%             | 2034-10-20      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BY6374                                                                                      | CUSIP: 3140NPCL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    388361 | PA      | $395696.00    | 0.01%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BY6690                                                                                      | CUSIP: 3140NPNG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    306243 | PA      | $307045.94    | 0.01%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                                | PNC V5.222 01/29/31                                                                            | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2018000 | PA      | $2085041.25   | 0.08%             | 2031-01-29      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                                | PNC V5.575 01/29/36                                                                            | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2831000 | PA      | $2953870.44   | 0.11%             | 2036-01-29      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BY7004                                                                                      | CUSIP: 3140NPYA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    198353 | PA      | $203289.59    | 0.01%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CA3683                                                                                      | CUSIP: 3140QBCV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     72625 | PA      | $71407.24     | 0.00%             | 2049-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-RCF3 LLC                                                                               | PRPM 2025-RCF4 A1                                                                              | CUSIP: 69382WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2354577 | PA      | $2330679.80   | 0.09%             | 2055-08-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| PRPM 2024-RCF2 LLC                                                                               | PRPM 2024-RCF2 A1                                                                              | CUSIP: 693987AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1310247 | PA      | $1283840.20   | 0.05%             | 2054-03-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CA4035                                                                                      | CUSIP: 3140QBPV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    114456 | PA      | $112536.81    | 0.00%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CA4646                                                                                      | CUSIP: 3140QCEU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    265467 | PA      | $241073.10    | 0.01%             | 2048-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-FLWR                                                                               | SREIT 2021-MFP A                                                                               | CUSIP: 78472UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    684495 | PA      | $682902.60    | 0.02%             | 2038-11-15      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Solventum Corp.                                                                                  | SOLV 5.45 03/13/31                                                                             | CUSIP: 83444MAQ4<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |   6976000 | PA      | $7274585.01   | 0.27%             | 2031-03-13      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.                                                                     | OCINCC 7.95 06/13/28                                                                           | CUSIP: 69120VBB6<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   2886000 | PA      | $3091185.02   | 0.11%             | 2028-06-13      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Essential Home                                                                                   | Essential Home Term Loan B 325 2032-09-15                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5730066 | PA      | $5730065.63   | 0.21%             | 2032-09-27      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                                                                  | SOLV 5.6 03/23/34                                                                              | CUSIP: 83444MAR2<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |   8817000 | PA      | $9179637.74   | 0.34%             | 2034-03-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XXIV Ltd.                                                            | OCT42 2019-3A A2RR                                                                             | CUSIP: 67576PBA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    695086 | PA      | $696791.39    | 0.03%             | 2037-07-15      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Ares Lv Clo Ltd / Ares Lv Clo Llc                                                                | ARES 2019-53A A1R                                                                              | CUSIP: 04009GAQ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3163000 | PA      | $3167984.26   | 0.12%             | 2036-10-24      | Variable      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| Bain Capital Credit CLO 2024-1 Ltd/ LLC                                                          | BCC 2023-3A A1R                                                                                | CUSIP: 05682CAL1<br>LEI: 254900QJNS3TYDIDQH27 | Long             | ABS-CBDO         | CORP              | KY        |   5693000 | PA      | $5711675.32   | 0.21%             | 2038-10-25      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Oha Credit Partners Xv Limited                                                                   | OAKC 2021-9A A2R                                                                               | CUSIP: 67690AAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4518000 | PA      | $4539576.61   | 0.17%             | 2037-10-19      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Ballyrock Clo 2018-1 Ltd/ Llc                                                                    | BALLY 2020-14A A1BR                                                                            | CUSIP: 05874XAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1159727 | PA      | $1164274.52   | 0.04%             | 2037-07-20      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| BARINGS LN PARTNERS CLO LTD 5                                                                    | BABSN LP-5A A                                                                                  | CUSIP: 06764CAA4<br>LEI: 2549006Y8VRIV10TBW72 | Long             | ABS-CBDO         | CORP              | KY        |   6848787 | PA      | $6867043.81   | 0.25%             | 2035-01-22      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO XV Ltd/Llc                                                           | BSP 2018-15A A1R                                                                               | CUSIP: 08179MAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9186000 | PA      | $9213400.92   | 0.34%             | 2037-07-15      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| CBAM 2019-11R LTD / LLC                                                                          | CBAM 2019-11RA A1                                                                              | CUSIP: 12510TAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7300000 | PA      | $7313826.93   | 0.27%             | 2035-01-22      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| CBAM 2019-11R LTD / LLC                                                                          | CBAM 2019-11RA B                                                                               | CUSIP: 12510TAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2775193 | PA      | $2776580.32   | 0.10%             | 2035-01-22      | Variable      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| Cbam 2018-8 Ltd                                                                                  | CBAMR 2018-5A A1R                                                                              | CUSIP: 12516LAC9<br>LEI: 254900YSCN4KH02DQ033 | Long             | ABS-CBDO         | CORP              | KY        |   3820000 | PA      | $3831719.76   | 0.14%             | 2038-10-18      | Variable      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| CIFC FUNDING 2019-VII LTD/LLC                                                                    | CIFC 2019-7A A1R                                                                               | CUSIP: 171935AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   6294000 | PA      | $6316752.81   | 0.23%             | 2038-10-19      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2023-R07 2M1                                                                               | CUSIP: 20753BAA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    825914 | PA      | $829951.27    | 0.03%             | 2043-09-25      | Variable      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2025-R05 2M1                                                                               | CUSIP: 20753CAB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2602689 | PA      | $2607647.94   | 0.10%             | 2045-07-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2024-R04                                                     | CAS 2024-R04 1M1                                                                               | CUSIP: 20753GAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1269178 | PA      | $1269466.46   | 0.05%             | 2044-05-25      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2023-R06 1M1                                                                               | CUSIP: 20754EAA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1959741 | PA      | $1966887.31   | 0.07%             | 2043-07-27      | Variable      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2025-R03                                                     | CAS 2025-R02 1M1                                                                               | CUSIP: 20754TAC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1841702 | PA      | $1842002.28   | 0.07%             | 2045-02-27      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2025-R03 2M1                                                                               | CUSIP: 20754VAB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5538156 | PA      | $5552553.30   | 0.20%             | 2045-03-27      | Variable      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2024-R05 2M1                                                                               | CUSIP: 20754XAB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    747721 | PA      | $747393.02    | 0.03%             | 2044-07-25      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2023-R08 1M1                                                                               | CUSIP: 20755CAA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1627557 | PA      | $1630032.95   | 0.06%             | 2043-10-26      | Variable      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2025-R01 1M1                                                                               | CUSIP: 20755JAB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    923204 | PA      | $923585.32    | 0.03%             | 2045-01-25      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2025-R04 1M1                                                                               | CUSIP: 20755TAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4772398 | PA      | $4777484.61   | 0.17%             | 2045-05-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2024-R03 2M1                                                                               | CUSIP: 207941AA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    989488 | PA      | $990209.16    | 0.04%             | 2044-03-25      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZK8962                                                                                      | CUSIP: 3131XC5X1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    153943 | PA      | $149622.19    | 0.01%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZK9163                                                                                      | CUSIP: 3131XDFC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    112387 | PA      | $109141.25    | 0.00%             | 2033-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZM7182                                                                                      | CUSIP: 3131Y16T2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    644498 | PA      | $635156.69    | 0.02%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZM7926                                                                                      | CUSIP: 3131Y2YX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    112334 | PA      | $113003.45    | 0.00%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZA7158                                                                                      | CUSIP: 31329Q5T4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    105177 | PA      | $103165.60    | 0.00%             | 2049-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZS3695                                                                                      | CUSIP: 3132A4C89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    779802 | PA      | $822548.02    | 0.03%             | 2040-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZS7403                                                                                      | CUSIP: 3132A8GL7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4248186 | PA      | $4156700.17   | 0.15%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZT1145                                                                                      | CUSIP: 3132ADHW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    773327 | PA      | $769187.16    | 0.03%             | 2044-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZT1173                                                                                      | CUSIP: 3132ADJS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2379398 | PA      | $2296121.22   | 0.08%             | 2046-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8212                                                                                      | CUSIP: 3132DWDR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11411318 | PA      | $9661436.24   | 0.35%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD4009                                                                                      | CUSIP: 3132E0N24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3148643 | PA      | $3275255.48   | 0.12%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FG Q58477                                                                                      | CUSIP: 3132Y2M37<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    413207 | PA      | $395902.30    | 0.01%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CA5573                                                                                      | CUSIP: 3140QDFP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    544717 | PA      | $519113.75    | 0.02%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB0044                                                                                      | CUSIP: 3140QKBN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    645190 | PA      | $574372.76    | 0.02%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB2681                                                                                      | CUSIP: 3140QM6T6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1481838 | PA      | $1378027.71   | 0.05%             | 2052-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB3501                                                                                      | CUSIP: 3140QN3K6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1013519 | PA      | $934373.93    | 0.03%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB2750                                                                                      | CUSIP: 3140QNBU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6720440 | PA      | $5711136.22   | 0.21%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB2891                                                                                      | CUSIP: 3140QNF98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3930962 | PA      | $3503086.87   | 0.13%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB2907                                                                                      | CUSIP: 3140QNGR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4044923 | PA      | $3761242.42   | 0.14%             | 2052-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB3042                                                                                      | CUSIP: 3140QNLY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3181554 | PA      | $2729356.12   | 0.10%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB3043                                                                                      | CUSIP: 3140QNLZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8657033 | PA      | $7418757.12   | 0.27%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB3240                                                                                      | CUSIP: 3140QNS60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14092 | PA      | $12534.18     | 0.00%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB3837                                                                                      | CUSIP: 3140QPHP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7085468 | PA      | $6577710.23   | 0.24%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB6686                                                                                      | CUSIP: 3140QSNC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1813172 | PA      | $1781881.37   | 0.07%             | 2053-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB6851                                                                                      | CUSIP: 3140QSTH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1231357 | PA      | $1210044.60   | 0.04%             | 2053-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB7430                                                                                      | CUSIP: 3140QTHG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1941030 | PA      | $1995515.90   | 0.07%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB8134                                                                                      | CUSIP: 3140QUBC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3636584 | PA      | $3735244.83   | 0.14%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB8543                                                                                      | CUSIP: 3140QUP59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6166324 | PA      | $6392238.66   | 0.23%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FM3664                                                                                      | CUSIP: 3140X7CA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    286408 | PA      | $274074.11    | 0.01%             | 2049-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FM5076                                                                                      | CUSIP: 3140X8UA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    484281 | PA      | $461518.74    | 0.02%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS0359                                                                                      | CUSIP: 3140XFMH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4234812 | PA      | $3631698.42   | 0.13%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS0662                                                                                      | CUSIP: 3140XFWY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  20035717 | PA      | $17169868.97  | 0.63%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS1081                                                                                      | CUSIP: 3140XGFX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8535895 | PA      | $7284078.13   | 0.27%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS1301                                                                                      | CUSIP: 3140XGNT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    606929 | PA      | $559958.97    | 0.02%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS1869                                                                                      | CUSIP: 3140XHCF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1597720 | PA      | $1483594.22   | 0.05%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS2144                                                                                      | CUSIP: 3140XHL21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4016663 | PA      | $3733500.63   | 0.14%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS2546                                                                                      | CUSIP: 3140XHZL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    107358 | PA      | $102734.43    | 0.00%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS2713                                                                                      | CUSIP: 3140XJAP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2785620 | PA      | $2745246.28   | 0.10%             | 2050-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS3160                                                                                      | CUSIP: 3140XJQN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    537884 | PA      | $477547.05    | 0.02%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS3377                                                                                      | CUSIP: 3140XJXF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1020425 | PA      | $976480.93    | 0.04%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS3713                                                                                      | CUSIP: 3140XKDT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1974772 | PA      | $1869073.81   | 0.07%             | 2036-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS5339                                                                                      | CUSIP: 3140XL4Z8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3080191 | PA      | $2735030.30   | 0.10%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS5362                                                                                      | CUSIP: 3140XL5Y0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3773505 | PA      | $3710456.09   | 0.14%             | 2050-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS5130                                                                                      | CUSIP: 3140XLVY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15386159 | PA      | $13175493.35  | 0.48%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS5491                                                                                      | CUSIP: 3140XMC53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2325379 | PA      | $2064531.27   | 0.08%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS5988                                                                                      | CUSIP: 3140XMUN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6475238 | PA      | $5534860.71   | 0.20%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SL1226                                                                                      | CUSIP: 31427NLG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12448145 | PA      | $12723186.81  | 0.46%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | FR RJ1341                                                                                      | CUSIP: 3142GRP38<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |   4462847 | PA      | $4626351.09   | 0.17%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RJ3021                                                                                      | CUSIP: 3142GTLB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11557763 | PA      | $11726213.31  | 0.43%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RJ4363                                                                                      | CUSIP: 3142GUZ55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3594695 | PA      | $3678430.57   | 0.13%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ferguson Enterprises Inc                                                                         | FERG 5 10/03/34                                                                                | CUSIP: 31488VAA5<br>LEI: 2138003JYQMRP3SLX189 | Long             | DBT              | CORP              | US        |   8394000 | PA      | $8451547.92   | 0.31%             | 2034-10-03      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Finance Of America Structured Securities Tr 2017-HB1                                             | FASST 2025-S1 A1                                                                               | CUSIP: 31741BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2479259 | PA      | $2396031.64   | 0.09%             | 2075-02-25      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Flagstar Mtg Tr 2017-1                                                                           | FSMT 2021-13IN A2                                                                              | CUSIP: 33853HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7442121 | PA      | $6426222.79   | 0.23%             | 2051-12-30      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Foundation Finance Trust 2024-1                                                                  | FFIN 2025-2A A                                                                                 | CUSIP: 35042NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4066558 | PA      | $4086663.43   | 0.15%             | 2052-04-15      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | SLST 2020-2 M1                                                                                 | CUSIP: 35564CGD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    708367 | PA      | $704009.17    | 0.03%             | 2060-09-25      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2023-HQA2 M1A                                                                            | CUSIP: 35564K2F5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    169998 | PA      | $170445.19    | 0.01%             | 2043-06-25      | Variable      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2023-HQA3 M1                                                                             | CUSIP: 35564K3G2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1639307 | PA      | $1646092.87   | 0.06%             | 2043-11-25      | Variable      | 6.21%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2021-HQA3 M2                                                                             | CUSIP: 35564KJP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1319182 | PA      | $1326722.63   | 0.05%             | 2041-09-25      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2021-HQA4 M2                                                                             | CUSIP: 35564KNS4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7413000 | PA      | $7486655.26   | 0.27%             | 2041-12-25      | Variable      | 6.71%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2023-DNA2 M1A                                                                            | CUSIP: 35564KT58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1249234 | PA      | $1266589.49   | 0.05%             | 2043-04-27      | Variable      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2022-HQA1 M1A                                                                            | CUSIP: 35564KTA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2011910 | PA      | $2020147.72   | 0.07%             | 2042-03-25      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2024-DNA2 M1                                                                             | CUSIP: 35564NCX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2507355 | PA      | $2508920.38   | 0.09%             | 2044-05-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2024-DNA3 M1                                                                             | CUSIP: 35564NEZ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    762043 | PA      | $761685.96    | 0.03%             | 2044-10-25      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2025-DNA1 M1                                                                             | CUSIP: 35564NFZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1837361 | PA      | $1837468.93   | 0.07%             | 2045-01-25      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2025-HQA1 M1                                                                             | CUSIP: 35564NGZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4469618 | PA      | $4469504.68   | 0.16%             | 2045-02-27      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2025-DNA2 M1                                                                             | CUSIP: 35564NHZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1187982 | PA      | $1188548.22   | 0.04%             | 2045-05-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2025-DNA3 M1                                                                             | CUSIP: 35564UAR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1376000 | PA      | $1376032.35   | 0.05%             | 2045-09-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                                      | GLPI 5.3 01/15/29                                                                              | CUSIP: 361841AL3<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    603000 | PA      | $614027.66    | 0.02%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                                      | GLPI 6.75 12/01/33                                                                             | CUSIP: 361841AS8<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |   3378000 | PA      | $3660258.92   | 0.13%             | 2033-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust 2015-Wolf Mz                                                                    | GWT 2024-WLF2 A                                                                                | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7775000 | PA      | $7789100.96   | 0.28%             | 2041-05-15      | Variable      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FNR 2018-27 EA                                                                                 | CUSIP: 3136B1N26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3731734 | PA      | $3387615.81   | 0.12%             | 2048-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION                                                               | GSMS 2025-800D A                                                                               | CUSIP: 36273XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9296000 | PA      | $9320745.95   | 0.34%             | 2041-11-25      | Variable      | 6.79%                 | Yes           |                  2 | On Loan: No      |
| GCAT 2023-INV1 TRUST                                                                             | GCAT 2023-INV1 A1                                                                              | CUSIP: 36830QAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5315828 | PA      | $5388266.91   | 0.20%             | 2053-08-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FNR 2019-71 P                                                                                  | CUSIP: 3136B6B77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4888771 | PA      | $4379737.75   | 0.16%             | 2049-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA7473                                                                                      | CUSIP: 36179WJS8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5756105 | PA      | $5148754.20   | 0.19%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming                                                                                | Genesee & Wyoming Term Loan B 200 2031-03-25                                                   | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |  12638878 | PA      | $12584783.63  | 0.46%             | 2031-04-10      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Health Care Service Corp A Mutual Legal Reserve Co.                                              | HCSERV 5.2 06/15/29 144A                                                                       | CUSIP: 42218SAK4<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |   3916000 | PA      | $4022920.08   | 0.15%             | 2029-06-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA7535                                                                                      | CUSIP: 36179WLQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  16586363 | PA      | $14834985.11  | 0.54%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 BB9814                                                                                      | CUSIP: 3617B13X9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    106285 | PA      | $101611.34    | 0.00%             | 2047-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health Care Service Corp A Mutual Legal Reserve Co.                                              | HCSERV 5.45 06/15/34 144A                                                                      | CUSIP: 42218SAL2<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |   7170000 | PA      | $7363587.20   | 0.27%             | 2034-06-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Heartland Dental LLC / Heartland Dental Finance Corp.                                            | HEARTL 10.5 04/30/28 144A                                                                      | CUSIP: 42239PAB5<br>LEI: 5493008FRC0GRKBN1075 | Long             | DBT              | CORP              | US        |   1558000 | PA      | $1641639.67   | 0.06%             | 2028-04-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 BB9835                                                                                      | CUSIP: 3617B14U4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    277083 | PA      | $264897.85    | 0.01%             | 2047-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 785843                                                                                      | CUSIP: 3622ABLY6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7872332 | PA      | $6687182.40   | 0.24%             | 2052-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                                                     | HESM 6.5 06/01/29 144A                                                                         | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7886000 | PA      | $8133107.81   | 0.30%             | 2029-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                                                     | HESM 5.875 03/01/28 144A                                                                       | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6456000 | PA      | $6581117.60   | 0.24%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Gracie Point International Funding 2020-B                                                        | GPIF 2024-1A A                                                                                 | CUSIP: 38410KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1985000 | PA      | $1988858.44   | 0.07%             | 2028-03-01      | Variable      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| Gracie Point International Funding 2020-B                                                        | GPIF 2025-1A A                                                                                 | CUSIP: 38411WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3606000 | PA      | $3612726.27   | 0.13%             | 2028-08-15      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                                                     | HESM 5.125 06/15/28 144A                                                                       | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3041000 | PA      | $3037564.58   | 0.11%             | 2028-06-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust                                                              | HOF 2024-RTL1 A1                                                                               | CUSIP: 43789FAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6504000 | PA      | $6528512.28   | 0.24%             | 2029-07-25      | Variable      | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Janus Detroit Street Trust                                                                       | Janus Detroit Street Trust HENDERSON EMERGING MARKETS DEBT HARD CURRENCY ETF                   | CUSIP: 47103U738<br>LEI: 5493003MM7OCK5UJW595 | Long             | EC               | RF                | US        |    629422 | NS      | $33487327.49  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                                                                          | KBH 4 06/15/31                                                                                 | CUSIP: 48666KAZ2<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |   2549000 | PA      | $2393824.02   | 0.09%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOMEWARD OPPORTUNITIES FD TR 2024-                                                               | HOF 2024-RRTL2 A1                                                                              | CUSIP: 43789GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3066000 | PA      | $3076396.81   | 0.11%             | 2039-09-25      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| HOMEWARD OPPORTUNITIES FUND TRUST 2                                                              | HOF 2025-RRTL1 A1                                                                              | CUSIP: 437919AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5206000 | PA      | $5232785.91   | 0.19%             | 2040-03-25      | Variable      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust                                                              | HOF 2025-RRTL2 A1                                                                              | CUSIP: 437923AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2133000 | PA      | $2139187.83   | 0.08%             | 2040-09-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Hudson's Bay Simon JV Trust                                                                      | HBCT 2015-HB7 A7                                                                               | CUSIP: 44422PAU6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260037 | PA      | $258802.40    | 0.01%             | 2034-08-05      | Fixed         | 3.91%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST                                                                       | LADAR 2022-1A A                                                                                | CUSIP: 501687AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     54002 | PA      | $54012.35     | 0.00%             | 2027-06-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                          | LVLT 7 03/31/34 144A                                                                           | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   4939007 | PA      | $5024496.72   | 0.18%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Hudson's Bay Simon JV Trust                                                                      | HBCT 2015-HB7 B7                                                                               | CUSIP: 44422PBC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    146000 | PA      | $145021.67    | 0.01%             | 2034-08-05      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| Hudson's Bay Simon JV Trust                                                                      | HBCT 2015-HB10 A10                                                                             | CUSIP: 44422PBN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1475000 | PA      | $1429695.53   | 0.05%             | 2034-08-05      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG 6 02/01/33 144A                                                                            | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2641000 | PA      | $2682123.01   | 0.10%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG 5.407 10/15/35 144A                                                                        | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3910000 | PA      | $3923297.91   | 0.14%             | 2035-10-15      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG 5.75 01/15/34 144A                                                                         | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3075000 | PA      | $3071861.44   | 0.11%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG 6 01/15/36 144A                                                                            | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   5759000 | PA      | $5759827.17   | 0.21%             | 2036-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Humana Inc.                                                                                      | HUM 5.95 03/15/34                                                                              | CUSIP: 444859BY7<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |  10534000 | PA      | $11079249.32  | 0.40%             | 2034-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                                | INTC 2.45 11/15/29                                                                             | CUSIP: 458140BH2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1773000 | PA      | $1646446.19   | 0.06%             | 2029-11-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2025-CES6 A1A                                                                             | CUSIP: 748949AA2<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-O            | CORP              | US        |   1646776 | PA      | $1662956.44   | 0.06%             | 2055-06-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2025-CES8 A1A                                                                             | CUSIP: 74939WAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4124542 | PA      | $4121503.35   | 0.15%             | 2055-08-25      | Variable      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                                         | JPMMT 2025-5MPR A1D                                                                            | CUSIP: 46593VAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2325469 | PA      | $2334887.42   | 0.09%             | 2055-11-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| JH North America Holdings Inc.                                                                   | JHXAU 5.875 01/31/31 144A                                                                      | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   1951000 | PA      | $1980878.84   | 0.07%             | 2031-01-31      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2025-CES3 A1A                                                                             | CUSIP: 749420AA3<br>LEI: 254900HS4CN69R7ARQ97 | Long             | ABS-O            | CORP              | US        |   1790735 | PA      | $1810937.15   | 0.07%             | 2055-03-25      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES1                                                                    | RCKT 2025-CES1 A1A                                                                             | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290552 | PA      | $293493.19    | 0.01%             | 2045-01-25      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| JH North America Holdings Inc.                                                                   | JHXAU 6.125 07/31/32 144A                                                                      | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   2172000 | PA      | $2224723.13   | 0.08%             | 2032-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V5.14 01/24/31                                                                             | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5768000 | PA      | $5956791.49   | 0.22%             | 2031-01-24      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                         | JANEST 7.125 04/30/31 144A                                                                     | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   6387000 | PA      | $6699274.80   | 0.24%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                         | JANEST 6.125 11/01/32 144A                                                                     | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   7691000 | PA      | $7795283.58   | 0.28%             | 2032-11-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Rckt Mortgage Trust 2025-Ces2                                                                    | RCKT 2025-CES2 A1A                                                                             | CUSIP: 74942BAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3058695 | PA      | $3089666.20   | 0.11%             | 2055-02-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES9                                                                    | RCKT 2025-CES9 A1A                                                                             | CUSIP: 74942JAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2751000 | PA      | $2750977.17   | 0.10%             | 2055-09-25      | Variable      | 4.79%                 | Yes           |                  2 | On Loan: No      |
| LHOME MTG TR 2024-RTL3                                                                           | LHOME 2024-RTL3 A1                                                                             | CUSIP: 50205GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2098285 | PA      | $2123192.69   | 0.08%             | 2029-05-25      | Variable      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST 2024-RTL2                                                                   | LHOME 2024-RTL2 A1                                                                             | CUSIP: 50205JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1668736 | PA      | $1683491.96   | 0.06%             | 2029-03-25      | Variable      | 7.13%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2025-CES7 A1A                                                                             | CUSIP: 74943AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2318874 | PA      | $2338943.85   | 0.09%             | 2055-07-25      | Variable      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC                                                                    | UWM 2021-INV1 A9                                                                               | CUSIP: 90354XAJ9<br>LEI: 549300HW662MN1WU8550 | Long             | ABS-O            | CORP              | US        |   4507581 | PA      | $4198053.49   | 0.15%             | 2051-08-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST                                                                             | LHOME 2024-RTL4 A1                                                                             | CUSIP: 50205PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6445724 | PA      | $6490402.54   | 0.24%             | 2039-07-25      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST                                                                             | LHOME 2025-RTL3 A1                                                                             | CUSIP: 50205YAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1800000 | PA      | $1806272.46   | 0.07%             | 2040-08-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2024-R01 1M1                                                                               | CUSIP: 20753UAA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1620201 | PA      | $1621803.46   | 0.06%             | 2044-01-25      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Huntington National Bank of Ohio                                                                 | HACLN 2024-2 B1                                                                                | CUSIP: 44644NAG4<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | ABS-O            | CORP              | US        |   1824040 | PA      | $1841636.95   | 0.07%             | 2032-10-20      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| VASA TRUST                                                                                       | VASA 2021-VASA A                                                                               | CUSIP: 92230AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3768000 | PA      | $3676756.59   | 0.13%             | 2039-07-15      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Xcel Energy Inc                                                                                  | XEL 5.6 04/15/35                                                                               | CUSIP: 98389BBE9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   2674000 | PA      | $2771968.54   | 0.10%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 4 03/15/29 144A                                                                           | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1061060.23   | 0.04%             | 2029-03-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 6 05/20/34                                                                                | CUSIP: 50212YAK0<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   4178000 | PA      | $4365492.72   | 0.16%             | 2034-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TYSN 2023 CRNR MORTGAGE TRUST                                                                    | TYSN 2023-CRNR A                                                                               | CUSIP: 87332PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6674443 | PA      | $7044589.82   | 0.26%             | 2033-12-10      | Variable      | 6.80%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                                                            | BELL 2021-1A A2II                                                                              | CUSIP: 87342RAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1466872 | PA      | $1353238.71   | 0.05%             | 2051-08-25      | Fixed         | 2.29%                 | Yes           |                  2 | On Loan: No      |
| Life Time Fitness                                                                                | Life Time Fitness Term Loan B 200 2031-11-01                                                   | CUSIP: 50218KAN8<br>LEI: 549300PALKE96VYH4X17 | Long             | LON              | CORP              | US        |      6769 | PA      | $6758.12      | 0.00%             | 2031-11-05      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Liberty Utilities Co. (Delaware)                                                                 | AQNCN 5.869 01/31/34 144A                                                                      | CUSIP: 531542AB4<br>LEI: 549300UN1FEYPC5BKW09 | Long             | DBT              | CORP              | US        |   4882000 | PA      | $5056839.46   | 0.18%             | 2034-01-31      | Fixed         | 5.87%                 | Yes           |                  2 | On Loan: No      |
| TOORAK MORTGAGE CORP                                                                             | TRK 2025-RRTL1 A1                                                                              | CUSIP: 89053JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1960000 | PA      | $1972496.57   | 0.07%             | 2040-02-25      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| TKO Group Holdings (UFC)                                                                         | TKO Group Holdings (UFC) Term Loan B (Add-on) 200 2031-11-01                                   | CUSIP: 90266UAK9<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |   8197156 | PA      | $8206090.49   | 0.30%             | 2031-11-21      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                    | USB V5.384 01/23/30                                                                            | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   5725000 | PA      | $5919183.76   | 0.22%             | 2030-01-23      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                    | USB V5.046 02/12/31                                                                            | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   3554000 | PA      | $3645098.22   | 0.13%             | 2031-02-12      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| JANUS CAPITAL GROUP INC                                                                          | Janus Henderson Cash Liquidity Fund LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  89315162 | NS      | $89333024.99  | 3.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Ggam Finance Ltd.                                                                                | GGAMFI 5.875 03/15/30 144A                                                                     | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   7173000 | PA      | $7262637.75   | 0.27%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                    | USB V5.424 02/12/36                                                                            | CUSIP: 91159HJU5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3675824.60   | 0.13%             | 2036-02-12      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.75 05/15/55                                                                                | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26584000 | PA      | $26667075.00  | 0.97%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.875 08/15/45                                                                               | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7586000 | PA      | $7755499.69   | 0.28%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 4.25 08/15/35                                                                                | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 107722500 | PA      | $108597745.31 | 3.97%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.625 08/31/27                                                                               | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  55150000 | PA      | $55147845.84  | 2.01%             | 2027-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.875 08/31/32                                                                               | CUSIP: 91282CNW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8460200 | PA      | $8435083.78   | 0.31%             | 2032-08-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.625 08/31/30                                                                               | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 176668600 | PA      | $175757652.53 | 6.42%             | 2030-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| United Kingdom of Great Britain and Northern Ireland                                             | UKT 4.375 03/07/30                                                                             | CUSIP: G4527HN49<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |   1000000 | PA      | $1357322.50   | 0.05%             | 2030-03-07      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TICP CLO VI 2016-2 Ltd.                                                                          | SIXST 2017-9A AR                                                                               | CUSIP: 83012CAC9<br>LEI: 254900JG2DPAYUCW8T83 | Long             | ABS-CBDO         | CORP              | KY        |   6450000 | PA      | $6466853.85   | 0.24%             | 2037-07-21      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Texas Debt Cap Clo 2023-II ltd. / LLC                                                            | TCIFC 2023-2A A1R                                                                              | CUSIP: 88239MAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6913000 | PA      | $6932094.40   | 0.25%             | 2037-10-21      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                                        | TD V6.35 10/31/85                                                                              | CUSIP: 89116C4H7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   4489000 | PA      | $4500222.50   | 0.16%             | 2085-10-31      | Variable      | 6.35%                 | No            |                  2 | On Loan: —       |
| Capital One Financial Corp.                                                                      | COF V7.624 10/30/31 .                                                                          | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   7460000 | PA      | $8437204.50   | 0.31%             | 2031-10-30      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                                      | COF V5.7 02/01/30                                                                              | CUSIP: 14040HDE2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1489000 | PA      | $1545902.24   | 0.06%             | 2030-02-01      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                                      | COF V6.183 01/30/36                                                                            | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   4894000 | PA      | $5076815.91   | 0.19%             | 2036-01-30      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Carvana Co                                                                                       | CVNA 9 06/01/30 144A                                                                           | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   8772056 | PA      | $9177976.77   | 0.34%             | 2030-06-01      | Variable      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Centene Corp.                                                                                    | CNC 4.25 12/15/27                                                                              | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |  13594000 | PA      | $13349543.86  | 0.49%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V5.592 11/19/34                                                                              | CUSIP: 172967PN5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6394000 | PA      | $6542936.78   | 0.24%             | 2034-11-19      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V4.503 09/11/31                                                                              | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6476000 | PA      | $6479500.80   | 0.24%             | 2031-09-11      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V5.174 09/11/36                                                                              | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4460000 | PA      | $4505259.46   | 0.16%             | 2036-09-11      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                                                | CMDC 2025-1A A2                                                                                | CUSIP: 20469BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5301000 | PA      | $5395853.38   | 0.20%             | 2050-02-25      | Fixed         | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                                                | CMDC 2025-2A A2                                                                                | CUSIP: 20469BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3300000 | PA      | $3384687.95   | 0.12%             | 2050-02-25      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                                                | CMPDC 2025-1A A1                                                                               | CUSIP: 20469CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10340000 | PA      | $10456728.39  | 0.38%             | 2050-05-25      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| CoreWeave Inc.                                                                                   | CRWV 9 02/01/31 144A                                                                           | CUSIP: 21873SAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15148000 | PA      | $15524867.09  | 0.57%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Crowdstrike Holdings Inc                                                                         | CRWD 3 02/15/29                                                                                | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |   1868000 | PA      | $1779940.89   | 0.06%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                                                               | CYRUS 2023-1A B                                                                                | CUSIP: 23284BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1143698 | PA      | $1135603.26   | 0.04%             | 2048-04-20      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                                                               | CYRUS 2023-2A A2                                                                               | CUSIP: 23284BAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1251249 | PA      | $1264304.68   | 0.05%             | 2048-11-20      | Fixed         | 5.56%                 | Yes           |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                                                               | CYRUS 2024-1A A2                                                                               | CUSIP: 23284BAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2520871 | PA      | $2492659.08   | 0.09%             | 2049-03-22      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                                                               | CYRUS 2024-2A A2                                                                               | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3192000 | PA      | $3139651.74   | 0.11%             | 2049-05-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                             | FIGRE 2025-HE5 A                                                                               | CUSIP: 31684MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2285292 | PA      | $2305739.52   | 0.08%             | 2055-08-25      | Variable      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                             | FIGRE 2025-HE4 A                                                                               | CUSIP: 31684PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2112680 | PA      | $2136261.70   | 0.08%             | 2055-07-25      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| FIGRE TRUST 2025-PF2                                                                             | FIGRE 2025-PF2 A                                                                               | CUSIP: 316918AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6115000 | PA      | $6114908.28   | 0.22%             | 2055-10-25      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| First Student/First Transit                                                                      | First Student/First Transit Term Loan B 250 2030-08-01                                         | CUSIP: 33718FAN0<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |  10511881 | PA      | $10511880.60  | 0.38%             | 2030-08-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| First Student Bidco Inc.                                                                         | FRSTST L 08/15/30 13                                                                           | CUSIP: 33718FAP5<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |   1923412 | PA      | $1924220.23   | 0.07%             | 2030-08-15      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                                                        | CHASE 2021-CL1 M1                                                                              | CUSIP: 46591HBX7<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | ABS-O            | CORP              | US        |   2561987 | PA      | $2528945.43   | 0.09%             | 2050-02-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Carlyle 2013-4 Income Note Issuer Limited                                                        | CGMS 2018-4A A2R                                                                               | CUSIP: 14315RAN1<br>LEI: 549300WQ4HLX1BLT1967 | Long             | ABS-CBDO         | CORP              | KY        |   8278000 | PA      | $8298357.26   | 0.30%             | 2037-10-19      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Cpts 2019-Cpt Mtg Trust                                                                          | CPTS 2019-CPT F                                                                                | CUSIP: 12654YAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6204000 | PA      | $4759191.15   | 0.17%             | 2039-11-13      | Variable      | 3.10%                 | Yes           |                  2 | On Loan: No      |
| CARLYLE US CLO 2023-2 LTD/LLC                                                                    | CGMS 2023-2A A1R                                                                               | CUSIP: 14318GAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8350000 | PA      | $8377474.01   | 0.31%             | 2038-07-20      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                             | CCL 5.75 08/01/32 144A                                                                         | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   9493000 | PA      | $9660817.25   | 0.35%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 4.78 03/25/38                                                                              | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  10124000 | PA      | $9488590.32   | 0.35%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 5.25 02/21/33                                                                              | CUSIP: 126650DU1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    785000 | PA      | $803169.51    | 0.03%             | 2033-02-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Constellation Software Inc.                                                                      | CSUCN 5.461 02/16/34 144A                                                                      | CUSIP: 21037XAD2<br>LEI: 549300B6PYHMCTDWQV29 | Long             | DBT              | CORP              | CA        |   4127000 | PA      | $4215993.60   | 0.15%             | 2034-02-16      | Fixed         | 5.46%                 | Yes           |                  2 | On Loan: No      |
| CROTON PARK CLO LTD                                                                              | CRTPK 2024-1A A2                                                                               | CUSIP: 227800AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4289000 | PA      | $4299481.03   | 0.16%             | 2036-10-15      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 5.7 06/01/34                                                                               | CUSIP: 126650ED8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3275000 | PA      | $3417612.17   | 0.12%             | 2034-06-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 5 09/15/32                                                                                 | CUSIP: 126650EJ5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2242103.85   | 0.08%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FMG Resources (August 2006) Pty Ltd.                                                             | FMGAU 4.5 09/15/27 144A                                                                        | CUSIP: 30251GBA4<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   9347000 | PA      | $9304369.27   | 0.34%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Flutter Treasury Designated Activity Co.                                                         | FLTR 5.875 06/04/31 144A                                                                       | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |   2837000 | PA      | $2879611.74   | 0.11%             | 2031-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 5.45 09/15/35                                                                              | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3938000 | PA      | $4007317.98   | 0.15%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 6.2 09/15/55                                                                               | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $2346647.00   | 0.09%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                                      | COF V6.312 06/08/29                                                                            | CUSIP: 14040HCZ6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   3040000 | PA      | $3188996.63   | 0.12%             | 2029-06-08      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                                                               | CYRUS 2024-3A A2                                                                               | CUSIP: 23284BAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7528000 | PA      | $7311010.92   | 0.27%             | 2049-05-20      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                                                                            | DNKN 2017-1A A2II                                                                              | CUSIP: 233046AF8<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   1302400 | PA      | $1287197.59   | 0.05%             | 2047-11-20      | Fixed         | 4.03%                 | Yes           |                  2 | On Loan: No      |
| DT Midstream Inc                                                                                 | DTMINC 4.125 06/15/29 144A                                                                     | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6147000 | PA      | $5997407.53   | 0.22%             | 2029-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| DT Midstream Inc                                                                                 | DTMINC 4.375 06/15/31 144A                                                                     | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9231000 | PA      | $8921151.98   | 0.33%             | 2031-06-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| DT Midstream Inc                                                                                 | DTMINC 4.3 04/15/32 144A                                                                       | CUSIP: 23345MAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2510000 | PA      | $2400703.36   | 0.09%             | 2032-04-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST 2023-D                                                              | DC 2023-DC B                                                                                   | CUSIP: 24023AAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000717 | PA      | $5176875.91   | 0.19%             | 2040-09-12      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| DIAMOND INFRASTRUCTURE FUNDING                                                                   | DNFRA 2021-1A A                                                                                | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7083000 | PA      | $6820590.43   | 0.25%             | 2049-04-15      | Fixed         | 1.76%                 | Yes           |                  2 | On Loan: No      |
| Dominos Pizza Inc.                                                                               | DPABS 2018-1A A2II                                                                             | CUSIP: 25755TAK6<br>LEI: 25490005ZWM1IF9UXU57 | Long             | ABS-O            | CORP              | US        |    194238 | PA      | $193050.95    | 0.01%             | 2048-07-25      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| EFMT 2025-CES1 Trust                                                                             | EFMT 2025-CES1 A1A                                                                             | CUSIP: 26846VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1640982 | PA      | $1659909.05   | 0.06%             | 2060-01-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Extended Stay America, Inc.                                                                      | ESA 2025-ESH A                                                                                 | CUSIP: 30227TAA8<br>LEI: 549300IESZBC3BJUJW64 | Long             | DBT              | CORP              | US        |   4168000 | PA      | $4164103.13   | 0.15%             | 2042-10-15      | Variable      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| FIGRE TRUST 2024-HE2                                                                             | FIGRE 2024-HE3 A                                                                               | CUSIP: 31684GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1399433 | PA      | $1430053.71   | 0.05%             | 2054-07-25      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                             | FIGRE 2024-HE1 A                                                                               | CUSIP: 31684HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2224161 | PA      | $2284080.81   | 0.08%             | 2054-03-25      | Variable      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                             | FIGRE 2025-HE2 A                                                                               | CUSIP: 31684KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3083404 | PA      | $3139935.05   | 0.11%             | 2055-03-25      | Variable      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                             | FIGRE 2025-HE3 A                                                                               | CUSIP: 31684LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3349958 | PA      | $3396611.70   | 0.12%             | 2055-05-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| FIGRE TR 2025-HE1                                                                                | FIGRE 2025-FL1 A1                                                                              | CUSIP: 31684QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3647974 | PA      | $3656237.29   | 0.13%             | 2055-07-25      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                             | FIGRE 2024-HE4 A                                                                               | CUSIP: 31684UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2810840 | PA      | $2827400.16   | 0.10%             | 2054-09-25      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| FIGRE TRUST 2024-HE2                                                                             | FIGRE 2024-HE2 A                                                                               | CUSIP: 316927AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1950712 | PA      | $2008661.33   | 0.07%             | 2054-05-25      | Variable      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| FREMF 2023-K511 MORTGAGE TRUST                                                                   | FREMF 2023-K511 C                                                                              | CUSIP: 30334FAG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1347000 | PA      | $1256941.20   | 0.05%             | 2028-11-25      | Variable      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | FR QA2159                                                                                      | CUSIP: 31334YMG9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |    364605 | PA      | $320933.84    | 0.01%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QA5622                                                                                      | CUSIP: 3133A0G73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    218891 | PA      | $195093.74    | 0.01%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QB1708                                                                                      | CUSIP: 3133A73R8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    311703 | PA      | $269497.97    | 0.01%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2020-Hqa2                                                          | FR QB2976                                                                                      | CUSIP: 3133A9JV8<br>LEI: 5493000ITBJ4KEFYWF83 | Long             | ABS-MBS          | USGSE             | US        |    132934 | PA      | $114893.82    | 0.00%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2020-Hqa2                                                          | FR QB3353                                                                                      | CUSIP: 3133A9WN1<br>LEI: 5493000ITBJ4KEFYWF83 | Long             | ABS-MBS          | USGSE             | US        |    593550 | PA      | $512815.67    | 0.02%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AL5887                                                                                      | CUSIP: 3138ENRH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1120198 | PA      | $1117107.87   | 0.04%             | 2044-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AL5942                                                                                      | CUSIP: 3138ENS83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2667944 | PA      | $2703098.82   | 0.10%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AL6542                                                                                      | CUSIP: 3138EPHU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1854475 | PA      | $1849359.04   | 0.07%             | 2045-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AL6842                                                                                      | CUSIP: 3138EPS88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    178113 | PA      | $171934.73    | 0.01%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AL6997                                                                                      | CUSIP: 3138EPX33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    510999 | PA      | $509815.23    | 0.02%             | 2042-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AL7381                                                                                      | CUSIP: 3138EQFX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    939274 | PA      | $934246.07    | 0.03%             | 2045-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BF0130                                                                                      | CUSIP: 3140FXEC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14381370 | PA      | $13177513.02  | 0.48%             | 2056-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BJ9181                                                                                      | CUSIP: 3140HBFX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    439016 | PA      | $443538.52    | 0.02%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BK2913                                                                                      | CUSIP: 3140HGGX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    626826 | PA      | $541759.00    | 0.02%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BN3899                                                                                      | CUSIP: 3140JLKM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    199681 | PA      | $191081.59    | 0.01%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BO2983                                                                                      | CUSIP: 3140JXJ58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    188954 | PA      | $170495.06    | 0.01%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BO3223                                                                                      | CUSIP: 3140JXSM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13518 | PA      | $13045.48     | 0.00%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BO4113                                                                                      | CUSIP: 3140JYSB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    321331 | PA      | $282842.86    | 0.01%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BO4725                                                                                      | CUSIP: 3140K0HB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1405203 | PA      | $1331908.74   | 0.05%             | 2034-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BO5957                                                                                      | CUSIP: 3140K1TP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     84723 | PA      | $81677.36     | 0.00%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BO7717                                                                                      | CUSIP: 3140K3SF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     74036 | PA      | $71525.32     | 0.00%             | 2034-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BT2256                                                                                      | CUSIP: 3140LQQJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    728494 | PA      | $621601.60    | 0.02%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BT8021                                                                                      | CUSIP: 3140LW4F1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1018451 | PA      | $1021773.15   | 0.04%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV2802                                                                                      | CUSIP: 3140MGDG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    519314 | PA      | $461180.78    | 0.02%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV2962                                                                                      | CUSIP: 3140MGJG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    255354 | PA      | $218138.78    | 0.01%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV2965                                                                                      | CUSIP: 3140MGJK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    628724 | PA      | $536519.80    | 0.02%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV4144                                                                                      | CUSIP: 3140MHTA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3141179 | PA      | $2793127.24   | 0.10%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV4203                                                                                      | CUSIP: 3140MHU56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    428374 | PA      | $397978.33    | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV5379                                                                                      | CUSIP: 3140MJ6R1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1989693 | PA      | $1777398.13   | 0.06%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV5380                                                                                      | CUSIP: 3140MJ6S9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1702764 | PA      | $1513901.43   | 0.06%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV5393                                                                                      | CUSIP: 3140MJ7F6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1232949 | PA      | $1145373.20   | 0.04%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV5394                                                                                      | CUSIP: 3140MJ7G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2246033 | PA      | $2083988.21   | 0.08%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV5152                                                                                      | CUSIP: 3140MJWN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    595507 | PA      | $510327.91    | 0.02%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV7131                                                                                      | CUSIP: 3140ML4R8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     94702 | PA      | $92365.36     | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV7132                                                                                      | CUSIP: 3140ML4S6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    118576 | PA      | $115648.86    | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                                           | FABSJV 5.875 01/25/34                                                                          | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |  13250000 | PA      | $13803409.44  | 0.50%             | 2034-01-25      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                              | US T-NOTE 5YR                                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      4923 | NC      | $-518179.44   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Copeland (Emerson Electrics climate control business)                                            | Copeland (Emerson Electrics climate control business) Term Loan B (Incremental) 250 2031-06-11 | CUSIP: 26872NAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  13578547 | PA      | $13513234.42  | 0.49%             | 2031-08-04      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                              | N/A                                                                                            | CUSIP: L2465BAX4<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   4098312 | PA      | $4097041.21   | 0.15%             | 2031-09-30      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Deep Blue Operating                                                                              | Deep Blue Operating Term Loan B 275 2032-09-06                                                 | CUSIP: 24369TAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3829815 | PA      | $3829814.89   | 0.14%             | 2032-09-17      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                              | Sell GBP / Buy USD                                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $23973.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                              | Sell USD / Buy GBP                                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-5141.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Elmwood Clo VII Ltd.                                                                             | ELM10 2021-3A AR2                                                                              | CUSIP: 29002VAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6001000 | PA      | $6019123.02   | 0.22%             | 2038-07-20      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Embraer Netherlands Finance B.V.                                                                 | EMBRBZ 5.4 01/09/38                                                                            | CUSIP: 29082HAF9<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |   6695000 | PA      | $6665742.85   | 0.24%             | 2038-01-09      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Formula One                                                                                      | Formula One Term Loan B 200 2031-09-01                                                         | CUSIP: L2465BAW6<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   8196704 | PA      | $8194163.47   | 0.30%             | 2031-09-30      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation UMBS 30Y Fixed                                            | FR QC5848                                                                                      | CUSIP: 3133AQP92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11826448 | PA      | $10072272.16  | 0.37%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | FR QD4842                                                                                      | CUSIP: 3133B2LX5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    833608 | PA      | $715233.14    | 0.03%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FR QD6087                                                                                      | CUSIP: 3133B3XQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1308302 | PA      | $1122923.64   | 0.04%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD7069                                                                                      | CUSIP: 3133B42A2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1987436 | PA      | $1703159.25   | 0.06%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD6554                                                                                      | CUSIP: 3133B4H73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    906538 | PA      | $806193.46    | 0.03%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD6555                                                                                      | CUSIP: 3133B4H81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    596409 | PA      | $532908.16    | 0.02%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD8288                                                                                      | CUSIP: 3133B6F54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    344819 | PA      | $294249.83    | 0.01%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD9191                                                                                      | CUSIP: 3133B7F86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    201311 | PA      | $187026.57    | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD9182                                                                                      | CUSIP: 3133B7FX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1043323 | PA      | $932120.67    | 0.03%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD9513                                                                                      | CUSIP: 3133B7SA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    950870 | PA      | $809941.64    | 0.03%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QE0318                                                                                      | CUSIP: 3133B9K78<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     79411 | PA      | $77463.05     | 0.00%             | 2052-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QE0354                                                                                      | CUSIP: 3133B9MB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    830007 | PA      | $770124.53    | 0.03%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QE1072                                                                                      | CUSIP: 3133BAFM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    820858 | PA      | $761635.71    | 0.03%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QE1073                                                                                      | CUSIP: 3133BAFN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    260871 | PA      | $242341.14    | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | FR QF0488                                                                                      | CUSIP: 3133BMRH0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |   1717266 | PA      | $1750532.91   | 0.06%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF2145                                                                                      | CUSIP: 3133BPL22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     98121 | PA      | $98308.11     | 0.00%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF2386                                                                                      | CUSIP: 3133BPUK2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2964408 | PA      | $2962677.78   | 0.11%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF2437                                                                                      | CUSIP: 3133BPV62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    114153 | PA      | $117071.18    | 0.00%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QN0786                                                                                      | CUSIP: 3133G62T1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     36746 | PA      | $35462.44     | 0.00%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QN0951                                                                                      | CUSIP: 3133G7BU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1359755 | PA      | $1288765.79   | 0.05%             | 2034-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RA1087                                                                                      | CUSIP: 3133KGF45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    726030 | PA      | $712143.56    | 0.03%             | 2049-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RA1088                                                                                      | CUSIP: 3133KGF52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    135893 | PA      | $133614.31    | 0.00%             | 2049-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RA1188                                                                                      | CUSIP: 3133KGJ90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    714329 | PA      | $700666.18    | 0.03%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RA1999                                                                                      | CUSIP: 3133KHGG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    500592 | PA      | $491017.83    | 0.02%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RA5285                                                                                      | CUSIP: 3133KL2S5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4278965 | PA      | $3646931.20   | 0.13%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation UMBS 30Y Fixed                                            | FR RA5906                                                                                      | CUSIP: 3133KMR31<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8283367 | PA      | $7090791.33   | 0.26%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RA9851                                                                                      | CUSIP: 3133KR5L4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10965771 | PA      | $11347342.38  | 0.41%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SI2017                                                                                      | CUSIP: 3133USG21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1475665 | PA      | $1412074.57   | 0.05%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QI2699                                                                                      | CUSIP: 3133W87L1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    925303 | PA      | $951720.35    | 0.03%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QA4936                                                                                      | CUSIP: 31346YPV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    535071 | PA      | $476900.39    | 0.02%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NRZ Fht Excess LLC                                                                               | NZES 2020-PLS1 A                                                                               | CUSIP: 433674AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    554534 | PA      | $552146.05    | 0.02%             | 2025-12-25      | Fixed         | 3.84%                 | Yes           |                  2 | On Loan: No      |
| NRZ EXCESS SPREAD COLLATERALIZ                                                                   | NZES 2021-FHT1 A                                                                               | CUSIP: 62955MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1530336 | PA      | $1498778.36   | 0.05%             | 2026-07-25      | Fixed         | 3.10%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mtg LLC / Nrm Fnt1 Excess LLC                                                    | NZES 2024-FNT1 A                                                                               | CUSIP: 62956YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3139994 | PA      | $3173536.34   | 0.12%             | 2031-11-25      | Variable      | 7.40%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2018-2                                                       | NRZT 2018-2A A1                                                                                | CUSIP: 64828CAA7<br>LEI: 549300U1MV4J7YQZG974 | Long             | ABS-O            | CORP              | US        |   1322213 | PA      | $1304152.00   | 0.05%             | 2058-02-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                              | NRMLT 2024-RTL2 A1                                                                             | CUSIP: 64831WAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2492000 | PA      | $2512104.96   | 0.09%             | 2039-09-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| New Residential Advance Recs Trust                                                               | NRZT 2024-NQM2 A1                                                                              | CUSIP: 64832BAC9<br>LEI: 5493008390ERUXVSGM12 | Long             | ABS-O            | CORP              | US        |   3978928 | PA      | $3984975.09   | 0.15%             | 2064-09-25      | Variable      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| NRTH 2024-PARK MORTGAGE TRUST                                                                    | NRTH 2024-PARK A                                                                               | CUSIP: 67021HAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9402000 | PA      | $9393082.37   | 0.34%             | 2041-03-15      | Variable      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| Open Trust 2023-AIR                                                                              | OPEN 2023-AIR A                                                                                | CUSIP: 68373BAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    268512 | PA      | $268419.07    | 0.01%             | 2040-11-15      | Variable      | 7.24%                 | Yes           |                  2 | On Loan: No      |
| Open Trust 2023-AIR                                                                              | OPEN 2023-AIR C                                                                                | CUSIP: 68373BAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1240006 | PA      | $1239588.16   | 0.05%             | 2040-11-15      | Variable      | 9.39%                 | Yes           |                  2 | On Loan: No      |
| Organon & Co. / Organon Foreign Debt Co-Issuer BV                                                | OGN 6.75 05/15/34 144A                                                                         | CUSIP: 68622FAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   4521000 | PA      | $4335126.27   | 0.16%             | 2034-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PSEG Power LLC                                                                                   | PEG 5.2 05/15/30 144A                                                                          | CUSIP: 69362BBD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4673000 | PA      | $4794057.20   | 0.18%             | 2030-05-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| PSEG Power LLC                                                                                   | PEG 5.75 05/15/35 144A                                                                         | CUSIP: 69362BBE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6351000 | PA      | $6643988.97   | 0.24%             | 2035-05-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Pret 2021-Rn4 LLC                                                                                | PRET 2025-RPL1 A1                                                                              | CUSIP: 69392FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3100193 | PA      | $3027409.12   | 0.11%             | 2069-07-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Pret 2021-Rn4 LLC                                                                                | PRET 2025-RPL2 A1                                                                              | CUSIP: 69392LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3550493 | PA      | $3467981.70   | 0.13%             | 2064-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| PRPM 2021-RPL2 LLC                                                                               | PRPM 2025-RPL3 A1                                                                              | CUSIP: 69392NAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2940195 | PA      | $2856718.64   | 0.10%             | 2055-04-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Priority 1 Issuer Logistics DAC                                                                  | PRPM 2025-RPL4 A1                                                                              | CUSIP: 74448NAA2<br>LEI: 635400FLODFXG5M9HI42 | Long             | ABS-O            | CORP              | US        |   4500365 | PA      | $4223849.44   | 0.15%             | 2055-05-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS I, LLLC                                                                           | QTS 2025-1A A2                                                                                 | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12500000 | PA      | $12759395.72  | 0.47%             | 2055-05-25      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS I, LLLC                                                                           | QTS 2025-1A B                                                                                  | CUSIP: 74690DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9219000 | PA      | $9326295.48   | 0.34%             | 2055-05-25      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS 2025-II LLC                                                                       | QTSII 2025-1A A2                                                                               | CUSIP: 74690FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6480000 | PA      | $6457528.52   | 0.24%             | 2055-10-05      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Qnity Electronics                                                                                | Qnity Electronics Term Loan B 200 2032-08-03                                                   | CUSIP: 74737SAB9<br>LEI: 254900RSUG4J9TFFZX53 | Long             | LON              | CORP              | US        |   2148000 | PA      | $2145315.00   | 0.08%             | 2032-08-12      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc.                                                                           | QNTELE 5.75 08/15/32 144A                                                                      | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |   2670000 | PA      | $2690363.50   | 0.10%             | 2032-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Qnity Electronics Inc.                                                                           | QNTELE 6.25 08/15/33 144A                                                                      | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |   2179000 | PA      | $2225164.29   | 0.08%             | 2033-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Quikrete                                                                                         | Quikrete Term Loan B-3 (Incremental) 225 2032-01-23                                            | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   2564930 | PA      | $2563186.10   | 0.09%             | 2032-02-10      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                            | QUIKHO 6.375 03/01/32 144A                                                                     | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   4334000 | PA      | $4489347.90   | 0.16%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2021-3 A21                                                                                | CUSIP: 74938DAW3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3555977 | PA      | $3298918.38   | 0.12%             | 2051-07-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Rocket Companies Inc                                                                             | RKT 6.125 08/01/30 144A                                                                        | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2698000 | PA      | $2769011.36   | 0.10%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Rocket Companies Inc                                                                             | RKT 6.375 08/01/33 144A                                                                        | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11317000 | PA      | $11680434.14  | 0.43%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                                                     | RCL 5.375 01/15/36                                                                             | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   6125000 | PA      | $6160719.22   | 0.22%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SCG Commercial Mortgage Trust 2025-DLFN                                                          | SCG 2025-DLFN A                                                                                | CUSIP: 78398EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7499000 | PA      | $7471574.31   | 0.27%             | 2035-03-15      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| SMRT MINI                                                                                        | SMRT 2022-MINI A                                                                               | CUSIP: 78457JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3548000 | PA      | $3538747.60   | 0.13%             | 2039-01-17      | Variable      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Self Commercial Mortgage Trust 2024-STRG                                                         | SELF 2024-STRG A                                                                               | CUSIP: 81631WAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7206000 | PA      | $7191504.01   | 0.26%             | 2034-11-15      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Solstice Advanced Materials Inc.                                                                 | SOLADV 5.625 09/30/33 144A                                                                     | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |   6452000 | PA      | $6473316.57   | 0.24%             | 2033-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers Clo 34 Ltd                                                        | NEUB 2019-32RA A                                                                               | CUSIP: 64135XAA9<br>LEI: 5493009EGZQAPYYVLD80 | Long             | ABS-CBDO         | CORP              | KY        |   6122645 | PA      | $6133632.70   | 0.22%             | 2039-07-20      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO LTD 2020-8R                                                                              | OCP 2020-8RA AR                                                                                | CUSIP: 670898AQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6848787 | PA      | $6857482.90   | 0.25%             | 2036-10-17      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| OHA Credit Funding 7 Ltd.                                                                        | OAKC 2020-7A A1R2                                                                              | CUSIP: 67098WAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6600000 | PA      | $6616500.00   | 0.24%             | 2038-07-19      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| OCP Clo 2019-16 Ltd.                                                                             | OCP 2020-18A A2R2                                                                              | CUSIP: 671078AY9<br>LEI: 254900XAI48J82ID5O83 | Long             | ABS-CBDO         | CORP              | KY        |   2037063 | PA      | $2042092.10   | 0.07%             | 2037-07-20      | Variable      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO 2014-6 Ltd.                                                                              | OCP 2025-44A A                                                                                 | CUSIP: 67570UAA0<br>LEI: 2549001TBA76KDJQIQ68 | Long             | ABS-CBDO         | CORP              | KY        |   3400000 | PA      | $3410638.60   | 0.12%             | 2038-10-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Regatta XXIII Funding Ltd.                                                                       | REG23 2021-4A B                                                                                | CUSIP: 75889FAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2192711 | PA      | $2200605.20   | 0.08%             | 2035-01-22      | Variable      | 6.29%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 5.65 03/15/35                                                                             | CUSIP: 50212YAM6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   6372000 | PA      | $6492187.45   | 0.24%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 5.15 06/15/30                                                                             | CUSIP: 50212YAP9<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   3730000 | PA      | $3796417.42   | 0.14%             | 2030-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 5.75 06/15/35                                                                             | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   3771000 | PA      | $3866938.58   | 0.14%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST                                                                    | LBZZ 2022-1A A                                                                                 | CUSIP: 52607KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    686528 | PA      | $685639.89    | 0.03%             | 2027-05-17      | Fixed         | 4.22%                 | Yes           |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST                                                                    | LBZZ 2023-1A A2                                                                                | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    767680 | PA      | $776609.39    | 0.03%             | 2028-08-15      | Fixed         | 6.92%                 | Yes           |                  2 | On Loan: No      |
| LEX 2024-BBG MORTGAGE TRUST                                                                      | LEX 2024-BBG A                                                                                 | CUSIP: 52885AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1720000 | PA      | $1731355.17   | 0.06%             | 2033-10-13      | Variable      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST                                                                    | LIFE 2021-BMR C                                                                                | CUSIP: 53218CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    704772 | PA      | $702444.50    | 0.03%             | 2038-03-15      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST                                                                    | LIFE 2022-BMR2 A1                                                                              | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6610000 | PA      | $6427990.15   | 0.23%             | 2039-05-16      | Variable      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| M&T EQUIPTMENT 2023-LEAF1 LLC                                                                    | MTLRF 2023-1A A3                                                                               | CUSIP: 551925AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1145182 | PA      | $1153050.35   | 0.04%             | 2030-07-15      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| MTG PASS THRU CTF CL E 144A                                                                      | MHC 2021-MHC A                                                                                 | CUSIP: 55316VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1293573 | PA      | $1293157.15   | 0.05%             | 2038-04-15      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| MTG PASS THRU CTF CL E 144A                                                                      | MHC 2021-MHC C                                                                                 | CUSIP: 55316VAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4734268 | PA      | $4732037.46   | 0.17%             | 2038-04-15      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| MSCI Inc.                                                                                        | MSCI 4 11/15/29 144A                                                                           | CUSIP: 55354GAH3<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |  10082000 | PA      | $9850110.67   | 0.36%             | 2029-11-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Marlette Funding Trust 2017-1                                                                    | MFT 2023-2A B                                                                                  | CUSIP: 57109LAB9<br>LEI: 549300J7CH2COR8VWE03 | Long             | ABS-O            | CORP              | US        |     79403 | PA      | $79458.46     | 0.00%             | 2033-06-15      | Fixed         | 6.54%                 | Yes           |                  2 | On Loan: No      |
| Marvell Technology Inc                                                                           | MRVL 4.75 07/15/30                                                                             | CUSIP: 573874AR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1973000 | PA      | $1998698.36   | 0.07%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                                                           | MRVL 5.45 07/15/35                                                                             | CUSIP: 573874AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4198000 | PA      | $4327856.52   | 0.16%             | 2035-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Medline Industries                                                                               | Medline Industries Term Loan B (Incremental) 200 2030-10-01                                    | CUSIP: 58503UAJ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6275578 | PA      | $6271686.64   | 0.23%             | 2030-10-23      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance 2018-Mtg1                                                      | MELLO 2021-INV3 A11                                                                            | CUSIP: 585491BC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4714214 | PA      | $4401240.07   | 0.16%             | 2051-10-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance 2018-Mtg1                                                      | MELLO 2021-INV2 A11                                                                            | CUSIP: 58549XBC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3681696 | PA      | $3436121.28   | 0.13%             | 2051-08-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance 2018-Mtg1                                                      | MELLO 2024-SD1 A1                                                                              | CUSIP: 58550DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1886984 | PA      | $1856088.58   | 0.07%             | 2054-04-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Millrose Properties Inc.                                                                         | MRP 6.25 09/15/32 144A                                                                         | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5075000 | PA      | $5088264.12   | 0.19%             | 2032-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Molex Electronic Technologies LLC                                                                | MOLX 5.25 04/30/32 144A                                                                        | CUSIP: 60856BAF1<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   3949000 | PA      | $4018597.25   | 0.15%             | 2032-04-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V2.943 01/21/33                                                                             | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4356000 | PA      | $3960273.43   | 0.14%             | 2033-01-21      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.424 07/21/34 MTN                                                                         | CUSIP: 61747YFG5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3537000 | PA      | $3685204.26   | 0.13%             | 2034-07-21      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Private Bank National Association                                                 | MS V4.734 07/18/31                                                                             | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |  15654000 | PA      | $15887765.41  | 0.58%             | 2031-07-18      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| NRTH COMMERCIAL MORTGAGE TRUST 2025-PARK                                                         | NRTH 2025-PARK A                                                                               | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5121000 | PA      | $5107844.64   | 0.19%             | 2040-10-15      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2023-CES1 A1A                                                                             | CUSIP: 74935WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1292522 | PA      | $1301091.19   | 0.05%             | 2043-06-25      | Variable      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2024-CES5 A1A                                                                             | CUSIP: 74938KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4463580 | PA      | $4494411.85   | 0.16%             | 2044-08-25      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2024-CES2 A1A                                                                             | CUSIP: 74938PAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4926761 | PA      | $4982427.12   | 0.18%             | 2044-04-25      | Variable      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2024-CES6 A1A                                                                             | CUSIP: 749410AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3665508 | PA      | $3670391.74   | 0.13%             | 2044-09-25      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES7                                                                    | RCKT 2024-CES7 A1A                                                                             | CUSIP: 749414AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5717366 | PA      | $5724130.91   | 0.21%             | 2044-10-25      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2024-CES1 A1A                                                                             | CUSIP: 749424AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2371239 | PA      | $2395184.17   | 0.09%             | 2044-02-25      | Variable      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Rckt Mortgage Trust 2024-Ces9                                                                    | RCKT 2024-CES9 A1A                                                                             | CUSIP: 749426AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3011917 | PA      | $3042009.61   | 0.11%             | 2044-12-25      | Variable      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                                              | GRADE 2023-FIG4 A                                                                              | CUSIP: 79581UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3213930 | PA      | $3315301.49   | 0.12%             | 2053-11-25      | Variable      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                                              | GRADE 2024-CES1 A1                                                                             | CUSIP: 79581VAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1844388 | PA      | $1865495.02   | 0.07%             | 2054-03-25      | Variable      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                                              | GRADE 2023-FIG3 A                                                                              | CUSIP: 79582AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6208036 | PA      | $6409882.90   | 0.23%             | 2053-08-25      | Variable      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                                              | GRADE 2024-FIG5 A                                                                              | CUSIP: 79582MAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2296163 | PA      | $2316272.09   | 0.08%             | 2054-04-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MTG TR 202                                                              | GRADE 2024-RTL6 A1                                                                             | CUSIP: 79585UAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4801500 | PA      | $4845999.34   | 0.18%             | 2030-07-25      | Variable      | 7.44%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MTG TR 202                                                              | GRADE 2024-RTL5 A1                                                                             | CUSIP: 795935AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3981548 | PA      | $4031174.01   | 0.15%             | 2030-04-25      | Variable      | 7.76%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                                   | SEMT 2013-5 A1                                                                                 | CUSIP: 81745AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    448100 | PA      | $398620.08    | 0.01%             | 2043-05-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                                   | SEMT 2020-2 A19                                                                                | CUSIP: 81748KBN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    345076 | PA      | $309277.74    | 0.01%             | 2050-03-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Standard Building Solutions Inc.                                                                 | BMCAUS 6.5 08/15/32 144A                                                                       | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   4096000 | PA      | $4202582.14   | 0.15%             | 2032-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Air Transport                                                                                    | Air Transport Term Loan B 275 2032-01-23                                                       | CUSIP: 86184XAB0<br>LEI: 254900TJV3VAFZD0GU41 | Long             | LON              | CORP              | US        |   5418000 | PA      | $5413936.50   | 0.20%             | 2032-04-09      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| StoneX Escrow Issuer LLC                                                                         | SNEX 6.875 07/15/32 144A                                                                       | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5773000 | PA      | $5942243.75   | 0.22%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FNMA-30YR                                                                                      | CUSIP: 01F0326A7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    430206 | PA      | $393154.08    | 0.01%             | 2051-12-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 6.25 07/01/33 144A                                                                         | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   4975000 | PA      | $5063765.09   | 0.18%             | 2033-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN V7.875 PERP 144A                                                                           | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   6132000 | PA      | $6228333.72   | 0.23%             | 2099-12-31      | Variable      | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FNMA-30YR                                                                                      | CUSIP: 01F0506A9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    311000 | PA      | $308421.81    | 0.01%             | 2055-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2-30YR-Multi                                                                                  | CUSIP: 21H0226A4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  14314002 | PA      | $12316955.38  | 0.45%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 5.625 03/15/31 144A                                                                        | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   3558000 | PA      | $3531752.60   | 0.13%             | 2031-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 5.875 03/15/34 144A                                                                        | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   5173000 | PA      | $5128211.49   | 0.19%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 5.125 05/15/32                                                                            | CUSIP: 87264ADS1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2014000 | PA      | $2072723.51   | 0.08%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 5.3 05/15/35                                                                              | CUSIP: 87264ADT9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   3559000 | PA      | $3645064.56   | 0.13%             | 2035-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                                                  | TMHC 5.125 08/01/30 144A                                                                       | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   6003000 | PA      | $5983793.16   | 0.22%             | 2030-08-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Company LLC                                                          | TEVA 6.15 02/01/36                                                                             | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |   6743000 | PA      | $7060460.44   | 0.26%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2-30YR-Multi                                                                                  | CUSIP: 21H0406A6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1882256 | PA      | $1769821.32   | 0.06%             | 2052-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2-30YR-Multi                                                                                  | CUSIP: 21H0506A5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4526907 | PA      | $4502420.96   | 0.16%             | 2055-03-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers Issuer                                                                      | VDC 2020-2A A2                                                                                 | CUSIP: 92212KAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4083000 | PA      | $3863177.84   | 0.14%             | 2045-09-15      | Fixed         | 1.99%                 | Yes           |                  2 | On Loan: No      |
| Verde Purchaser LLC                                                                              | VRTV 10.5 11/30/30 144A                                                                        | CUSIP: 92339LAA0<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | DBT              | CORP              | US        |   5400000 | PA      | $5795431.04   | 0.21%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Viper Energy Partners LLC                                                                        | VNOM 4.9 08/01/30                                                                              | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |   3386000 | PA      | $3411248.05   | 0.12%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Viper Energy Partners LLC                                                                        | VNOM 5.7 08/01/35                                                                              | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |   4504000 | PA      | $4579306.88   | 0.17%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                                                   | WFCM 2025-VTT A                                                                                | CUSIP: 94990GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7753000 | PA      | $7781489.94   | 0.28%             | 2038-03-15      | Variable      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V5.244 01/24/31                                                                            | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   9683000 | PA      | $10018107.23  | 0.37%             | 2031-01-24      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                                                   | WFCM 2021-SAVE A                                                                               | CUSIP: 95003LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    548796 | PA      | $547366.45    | 0.02%             | 2040-02-15      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                                                   | WFCM 2024-MGP A11                                                                              | CUSIP: 95003TAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9691967 | PA      | $9655686.43   | 0.35%             | 2041-08-15      | Variable      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                                                   | WFCM 2024-MGP B11                                                                              | CUSIP: 95003TAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3694749 | PA      | $3668078.97   | 0.13%             | 2041-08-15      | Variable      | 6.64%                 | Yes           |                  2 | On Loan: No      |
| Wendys Funding Llc                                                                               | WEN 2021-1A A2I                                                                                | CUSIP: 95058XAK4<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |    990257 | PA      | $916022.64    | 0.03%             | 2051-06-15      | Fixed         | 2.37%                 | Yes           |                  2 | On Loan: No      |
| Wendys Funding Llc                                                                               | WEN 2021-1A A2II                                                                               | CUSIP: 95058XAL2<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |   2399478 | PA      | $2149150.43   | 0.08%             | 2051-06-15      | Fixed         | 2.77%                 | Yes           |                  2 | On Loan: No      |
| Wendys Funding Llc                                                                               | WEN 2022-1A A2I                                                                                | CUSIP: 95058XAM0<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |    778838 | PA      | $765717.52    | 0.03%             | 2052-03-15      | Fixed         | 4.24%                 | Yes           |                  2 | On Loan: No      |
| Western Digital Corp.                                                                            | WDC 4.75 02/15/26                                                                              | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   1212000 | PA      | $1211292.56   | 0.04%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Westgate Resorts 2022-1 Llc                                                                      | WESTR 2022-1A A                                                                                | CUSIP: 96034JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    361418 | PA      | $359586.88    | 0.01%             | 2036-08-20      | Fixed         | 1.79%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd                                                                | MCAIRH 6.4 03/26/29 144A                                                                       | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |   1737000 | PA      | $1829263.83   | 0.07%             | 2029-03-26      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd                                                                | MCAIRH 6.5 03/26/31 144A                                                                       | CUSIP: 55609NAD0<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |   2615000 | PA      | $2801199.06   | 0.10%             | 2031-03-26      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Xxxiv Ltd.                                                                  | MDPK 2022-62A A1R2                                                                             | CUSIP: 55817HAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6529000 | PA      | $6551348.77   | 0.24%             | 2038-07-16      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding LV Ltd / Madison Park Funding LV LLC                                        | MDPK 2022-55A A1R                                                                              | CUSIP: 55819FAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9324578 | PA      | $9353328.47   | 0.34%             | 2037-07-20      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Xxxiv Ltd.                                                                  | MDPK 2019-34A A2RR                                                                             | CUSIP: 55819GAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3126000 | PA      | $3134320.47   | 0.11%             | 2037-10-16      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Xxxiv Ltd.                                                                  | MDPK 2025-73A A1                                                                               | CUSIP: 55823HAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7208000 | PA      | $7226396.98   | 0.26%             | 2038-10-18      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| MAGNETITE 50 LIMITED                                                                             | MAGNE 2025-50A A1                                                                              | CUSIP: 55956MAA7<br>LEI: 529900LA8YF5OY74OD31 | Long             | ABS-CBDO         | CORP              | KY        |   5107000 | PA      | $5123597.75   | 0.19%             | 2038-07-26      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| NCL Corporation Ltd.                                                                             | NCLH 6.75 02/01/32 144A                                                                        | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   5647000 | PA      | $5807553.19   | 0.21%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NCL Corporation Ltd.                                                                             | NCLH 5.875 01/15/31 144A                                                                       | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |  10153000 | PA      | $10152619.57  | 0.37%             | 2031-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| NCL Corporation Ltd.                                                                             | NCLH 6.25 09/15/33 144A                                                                        | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   6296000 | PA      | $6328586.65   | 0.23%             | 2033-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                                 | TEVA 3.15 10/01/26                                                                             | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   2652000 | PA      | $2604854.10   | 0.10%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                                 | TEVA 6 12/01/32                                                                                | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   4201000 | PA      | $4375282.69   | 0.16%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands IV B.V.                                                  | TEVA 5.75 12/01/30                                                                             | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |   3376000 | PA      | $3476972.78   | 0.13%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Virgin Media Secured Finance PLC                                                                 | VMED 5.5 05/15/29 144A                                                                         | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   9559000 | PA      | $9450932.83   | 0.35%             | 2029-05-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2014-4 Ltd                                                                              | VOYA 2024-4A A2                                                                                | CUSIP: 92920KAC3<br>LEI: 549300JHU3YI1LLL3V27 | Long             | ABS-CBDO         | CORP              | KY        |   2638439 | PA      | $2644307.94   | 0.10%             | 2037-07-20      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BF0189                                                                                      | CUSIP: 3140FXF72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     31241 | PA      | $27099.29     | 0.00%             | 2057-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BF0167                                                                                      | CUSIP: 3140FXFH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8344408 | PA      | $7276041.70   | 0.27%             | 2057-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BF0598                                                                                      | CUSIP: 3140FXUY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2870447 | PA      | $2399392.66   | 0.09%             | 2062-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BJ8459                                                                                      | CUSIP: 3140HAMH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1267180 | PA      | $1115400.70   | 0.04%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV6879                                                                                      | CUSIP: 3140MLUD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    297934 | PA      | $290626.83    | 0.01%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV7632                                                                                      | CUSIP: 3140MMPS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    269227 | PA      | $262624.00    | 0.01%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV8484                                                                                      | CUSIP: 3140MNNA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    413042 | PA      | $383704.18    | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV8485                                                                                      | CUSIP: 3140MNNB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    770938 | PA      | $715317.12    | 0.03%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                              | US T-NOTE 2YR                                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      2389 | NC      | $-132056.02   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                              | US T-NOTE 10YR                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -1133 | NC      | $-283449.06   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                              | US T-NOTE ULTRA 10Y                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -1098 | NC      | $-1041529.86  | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                              | US T-BOND ULTRA                                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       340 | NC      | $1161261.50   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                              | Royal Bank of Canada                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |     51957 | PA      | $51957.00     | 0.00%             | 2025-10-01      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Janus Henderson Cash Collateral Fund                                                             | Janus Henderson Cash Collateral Fund                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |    207828 | NS      | $207828.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-14

**Name of Applicant:** JANUS INVESTMENT FUND

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

**Title:** VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER