# EDGAR Filing Document

**Accession Number:** 0002043390
**File Stem:** 0002000324-26-000724
**Filing Date:** 2026-2
**Character Count:** 246275
**Document Hash:** dea54c8324d7c11fd9b2ec30bf90990d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000724.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0002000324-26-000724

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust IV
- **CENTRAL INDEX KEY:** 0002043390

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24061
- **FILM NUMBER:** 26693651

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **BUSINESS PHONE:** 855-832-2534

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI

## Series and Classes Contracts Data

### Voya Multi-Sector Income ETF (Series ID: S000096084)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000264871 | Voya Multi-Sector Income ETF |  |

## Nport-Ex

**Voya Multi-Sector Income ETF**

**Schedule of Investments**

**December 31, 2025 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 52.7%** | **Rate** | **Maturity <br> Date** | **Principal <br> Amount** | **Value** |
| ACE Securities Corp Mortgage Loan Trust, Series 2007-D1, Class A2 | 8.76% | 02/25/2038 | $367628 | $301018 |
| Agate Bay Mortgage Trust 2015-1, Series 2015-1, Class B4<sup>(a)</sup> | 4.45% | 01/25/2045 | 780872 | 634939 |
| Apidos CLO XXXVI, Series 2021-36A, Class CR | 5.52% | 01/20/2039 | 500000 | 500462 |
| Aqua Finance Trust, Series 2020-AA, Class A | 2.20% | 07/17/2046 | 7651 | 7266 |
| Arbor Realty Commercial Real Estate Notes LLC, Series 2025-FL1, Class A | 5.08% | 01/20/2043 | 400000 | 400336 |
| AREIT, Series 2025-CRE11, Class A | 5.54% | 07/25/2043 | 500000 | 501249 |
| Arroyo Mortgage Trust, Series 2022-1, Class A3 | 4.56% | 12/25/2056 | 600000 | 509200 |
| BBCMS Mortgage Trust, Series 2022-C16, Class A5<sup>(a)</sup> | 4.62% | 06/15/2055 | 490000 | 488196 |
| Bear Stearns ALT-A Trust, Series 2005-7, Class 21A1<sup>(a)</sup> | 7.20% | 09/25/2035 | 15383 | 11826 |
| Benchmark Mortgage Trust, Series 2018-B3, Class D<sup>(a)</sup> | 4.24% | 04/10/2051 | 1000000 | 718566 |
| BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class A | 5.44% | 12/15/2042 | 750000 | 751874 |
| BSPRT Issuer LLC, Series 2025-FL12, Class A | 5.11% | 01/17/2043 | 500000 | 500766 |
| BX Commercial Mortgage Trust, Series 2021-IRON, Class E | 6.42% | 02/15/2038 | 322664 | 312517 |
| BX Trust, Series 2025-ARIA, Class C<sup>(a)</sup> | 5.46% | 12/13/2042 | 500000 | 504798 |
| Chase Funding Trust, Series 2003-5, Class 2A2 | 4.43% | 07/25/2033 | 9861 | 9897 |
| CIM Trust, Series 2019-J2, Class A13<sup>(a)</sup> | 3.86% | 10/25/2049 | 86991 | 78806 |
| CIM Trust, Series 2019-INV2, Class A3<sup>(a)</sup> | 4.22% | 05/25/2049 | 111851 | 106063 |
| CIM Trust, Series 2019-J1, Class B2<sup>(a)</sup> | 4.11% | 08/25/2049 | 370718 | 352588 |
| Citigroup Commercial Mortgage Trust, Series 2017-P8, Class AS<sup>(a)</sup> | 4.01% | 09/15/2050 | 500000 | 472142 |
| Citigroup Commercial Mortgage Trust, Series 2016-P5, Class B<sup>(a)</sup> | 4.11% | 10/10/2049 | 200000 | 180132 |
| Citigroup Commercial Mortgage Trust, Series 2016-P4, Class C<sup>(a)</sup> | 4.28% | 07/10/2049 | 725000 | 664659 |
| Citigroup Mortgage Loan Trust, Series 2006-AR2, Class 1A1<sup>(a)</sup> | 7.69% | 03/25/2036 | 41093 | 30505 |
| Citigroup Mortgage Loan Trust, Series 2007-10, Class 22AA<sup>(a)</sup> | 4.74% | 09/25/2037 | 18821 | 17710 |
| CLI Funding VI LLC, Series 2020-1A, Class A | 2.43% | 09/18/2045 | 46996 | 44419 |
| Commonbond Student Loan Trust, Series 2020-AGS, Class A | 2.51% | 08/25/2050 | 20307 | 18316 |
| Commonbond Student Loan Trust, Series 2017-BGS, Class A1 | 3.08% | 09/25/2042 | 14884 | 14099 |
| Commonbond Student Loan Trust, Series 2018-BGS, Class B | 5.01% | 09/25/2045 | 19676 | 17163 |
| Connecticut Avenue Securities Trust, Series 2022-R06, Class 1M2 | 7.45% | 05/25/2042 | 500000 | 518390 |
| Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M2 | 5.63% | 01/25/2044 | 500000 | 503613 |
| Connecticut Avenue Securities Trust, Series 2020-R02, Class 2B1 | 6.87% | 01/25/2040 | 100000 | 101736 |
| Countrywide Alternative Loan Trust, Series 2005-J2, Class 1A12 | 5.53% | 04/25/2035 | 58333 | 44822 |
| Countrywide Alternative Loan Trust, Series 2007-2CB, Class 2A1 | 11.41% | 03/25/2037 | 91908 | 35802 |
| Countrywide Alternative Loan Trust, Series 2005-65CB, Class 2A4 | 10.87% | 12/25/2035 | 30500 | 20543 |
| Countrywide Alternative Loan Trust, Series 2006-19CB, Class A12 | 10.05% | 08/25/2036 | 69035 | 29168 |
| Countrywide Alternative Loan Trust, Series 2007-23CB, Class A3 | 12.73% | 09/25/2037 | 21358 | 7289 |
| Countrywide Alternative Loan Trust, Series 2006-13T1, Class A9 | 16.73% | 05/25/2036 | 13919 | 6578 |
| Countrywide Alternative Loan Trust, Series 2004-J7, Class M1 | 4.59% | 10/25/2034 | 26285 | 26227 |
| DBWF Mortgage Trust, Series 2015-LCM, Class D<sup>(a)</sup> | 3.64% | 06/10/2034 | 1130000 | 1062309 |
| Fannie Mae Interest Strip, Series 367, Class 2 | 0.00% | 01/25/2036 | 2032302 | 353883 |
| Fannie Mae Interest Strip, Series 427, Class C100<sup>(a)</sup> | 20.04% | 01/25/2052 | 3281952 | 436900 |
| Fannie Mae Interest Strip, Series 441, Class C2 | 0.00% | 04/25/2039 | 2647001 | 249538 |
| Fannie Mae Interest Strip, Series 407, Class C8 | 0.00% | 01/25/2039 | 2591736 | 517648 |
| Fannie Mae REMICS, Series 2013-71, Class AI | 0.00% | 07/25/2028 | 618434 | 14030 |
| Fannie Mae REMICS, Series 2020-14, Class AI | 0.00% | 03/25/2050 | 2713414 | 465315 |
| Fannie Mae REMICS, Series 2018-86, Class DS | 20.51% | 12/25/2048 | 105578 | 10869 |
| Fannie Mae REMICS, Series 2019-13, Class IB | 0.00% | 09/25/2039 | 1016848 | 198089 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Fannie Mae REMICS, Series 2012-121, Class ID | 0.0% | 11/25/2027 | 480951 | 8948 |
| Fannie Mae REMICS, Series 2013-67, Class IL | 0.0% | 07/25/2043 | 1624176 | 209719 |
| Fannie Mae REMICS, Series 2005-66, Class LS | 29.84% | 07/25/2035 | 449913 | 39824 |
| Fannie Mae REMICS, Series 2012-35, Class LS | 64.34% | 04/25/2041 | 1134406 | 46041 |
| Fannie Mae REMICS, Series 2010-59, Class NS | 25.4% | 06/25/2040 | 285282 | 20004 |
| Fannie Mae REMICS, Series 2014-38, Class S | 19.71% | 07/25/2044 | 4147066 | 444321 |
| Fannie Mae REMICS, Series 2012-30, Class SA | 21.08% | 04/25/2042 | 4770521 | 443874 |
| Fannie Mae REMICS, Series 2013-130, Class SB | 21.56% | 01/25/2044 | 3031548 | 289838 |
| Fannie Mae REMICS, Series 2016-29, Class SB | 18.69% | 05/25/2046 | 4538212 | 500538 |
| Fannie Mae REMICS, Series 2012-144, Class SC | 19.74% | 01/25/2043 | 2238309 | 239368 |
| Fannie Mae REMICS, Series 2013-20, Class SK | 194.72% | 05/25/2041 | 371040 | 4226 |
| Fannie Mae REMICS, Series 2012-151, Class WS | 40.67% | 03/25/2042 | 733292 | 39873 |
| Fannie Mae REMICS, Series 2008-36, Class YI | 39.8% | 07/25/2036 | 433196 | 34952 |
| Flagstar Mortgage Trust, Series 2017-1, Class 1A7<sup>(a)</sup> | 3.8% | 03/25/2047 | 151708 | 139704 |
| Flagstar Mortgage Trust, Series 2018-3INV, Class A3<sup>(a)</sup> | 4.26% | 05/25/2048 | 279657 | 262308 |
| Flagstar Mortgage Trust, Series 2021-2, Class A4<sup>(a)</sup> | 3.01% | 04/25/2051 | 735957 | 611706 |
| Flagstar Mortgage Trust, Series 2017-1, Class B3<sup>(a)</sup> | 3.88% | 03/25/2047 | 625283 | 583228 |
| Flagstar Mortgage Trust, Series 2018-1, Class B3<sup>(a)</sup> | 4.22% | 03/25/2048 | 74040 | 68814 |
| Flagstar Mortgage Trust, Series 2021-2, Class B3<sup>(a)</sup> | 3.38% | 04/25/2051 | 517872 | 425573 |
| Freddie Mac Multiclass Certificates, Series 2021-P011, Class X1<sup>(a)</sup> | 16.79% | 09/25/2045 | 1050351 | 109435 |
| Freddie Mac Multifamily Structured Pass Through Certificates, Series K-1518, Class X1<sup>(a)</sup> | 14.65% | 10/25/2035 | 1259776 | 73715 |
| Freddie Mac Multifamily Structured Pass Through Certificates, Series KL06, Class XFX<sup>(a)</sup> | 35.73% | 12/25/2029 | 833555 | 31662 |
| Freddie Mac REMICS, Series 5095, Class BI | 0.0% | 04/25/2041 | 5853262 | 693329 |
| Freddie Mac REMICS, Series 4120, Class CS | 35.71% | 10/15/2032 | 1344825 | 79150 |
| Freddie Mac REMICS, Series 4596, Class DI | 0.0% | 06/15/2046 | 1796549 | 323110 |
| Freddie Mac REMICS, Series 4906, Class DI | 0.0% | 09/25/2049 | 4566915 | 915536 |
| Freddie Mac REMICS, Series 4153, Class IB | 0.0% | 01/15/2028 | 355327 | 5160 |
| Freddie Mac REMICS, Series 3788, Class IO | 0.0% | 01/15/2041 | 3993263 | 808050 |
| Freddie Mac REMICS, Series 5037, Class IO | 0.0% | 11/25/2050 | 1912604 | 344679 |
| Freddie Mac REMICS, Series 5013, Class IP | 0.0% | 09/25/2050 | 1018159 | 123580 |
| Freddie Mac REMICS, Series 4120, Class JS | 36.72% | 10/15/2032 | 1129823 | 64660 |
| Freddie Mac REMICS, Series 4517, Class KI | 0.0% | 04/15/2043 | 1538260 | 9522 |
| Freddie Mac REMICS, Series 3318, Class KS | 24.42% | 05/15/2037 | 219804 | 20808 |
| Freddie Mac REMICS, Series 4619, Class KS | 2.46% | 06/15/2039 | 1462429 | 65947 |
| Freddie Mac REMICS, Series 4143, Class MS | 20.24% | 12/15/2042 | 2802269 | 360135 |
| Freddie Mac REMICS, Series 3998, Class SA | 20.26% | 02/15/2042 | 1428722 | 165862 |
| Freddie Mac REMICS, Series 3990, Class SG | 22.64% | 01/15/2042 | 6489574 | 702687 |
| Freddie Mac REMICS, Series 3879, Class SL | 58.17% | 01/15/2041 | 267465 | 11503 |
| Freddie Mac REMICS, Series 4094, Class SP | 19.17% | 08/15/2042 | 4978778 | 506856 |
| Freddie Mac STACR REMIC Trust, Series 2021-HQA4, Class B1 | 7.46% | 12/25/2041 | 600000 | 613214 |
| Freddie Mac STACR REMIC Trust, Series 2022-DNA4, Class M1B | 7.0% | 05/25/2042 | 400000 | 412967 |
| Freddie Mac STACR REMIC Trust, Series 2021-DNA5, Class M2 | 5.51% | 01/25/2034 | 58595 | 58768 |
| Freddie Mac Strips, Series 389, Class C32 | 0.0% | 07/15/2037 | 20780427 | 1196011 |
| Freddie Mac Strips, Series 365, Class C57 | 0.0% | 11/15/2048 | 1713707 | 338077 |
| Freddie Mac Strips, Series 389, Class C6 | 0.0% | 10/15/2037 | 3074216 | 281545 |
| Freddie Mac Strips, Series 365, Class C9 | 0.0% | 05/15/2049 | 1567428 | 315708 |
| Freddie Mac Strips, Series 239, Class S30 | 26.3% | 08/15/2036 | 120076 | 16443 |
| GAM RE-REMIC Trust, Series 2022-FRR3, Class CK47<sup>(b)</sup> | 0.0% | 05/27/2048 | 2107 | 2086 |
| GAM RE-REMIC Trust, Series 2022-FRR3, Class DK47<sup>(b)</sup> | 0.0% | 05/27/2048 | 95000 | 92508 |
| Government National Mortgage Association, Series 2015-20, Class CI | 0.0% | 02/20/2030 | 1883556 | 87900 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Government National Mortgage Association, Series 2019-78, Class IC | 0.0% | 06/20/2049 | 2001567 | 442805 |
| Government National Mortgage Association, Series 2020-146, Class IM | 0.0% | 10/20/2050 | 6615267 | 969327 |
| Government National Mortgage Association, Series 2020-79, Class IO | 0.0% | 06/20/2050 | 2735808 | 502895 |
| Government National Mortgage Association, Series 2015-42, Class IY | 0.0% | 08/20/2039 | 102123 | 3339 |
| Government National Mortgage Association, Series 2019-23, Class MT | 39.54% | 03/20/2042 | 2404428 | 36490 |
| Government National Mortgage Association, Series 2015-60, Class PI | 0.0% | 04/20/2045 | 4729578 | 891744 |
| GS Mortgage-Backed Securities Corp. Trust, Series 2019-PJ2, Class A1<sup>(a)</sup> | 4.23% | 11/25/2049 | 25277 | 23915 |
| GS Mortgage-Backed Securities Trust, Series 2020-NQM1, Class A2<sup>(a)</sup> | 1.88% | 09/27/2060 | 102180 | 97331 |
| GS Mortgage-Backed Securities Trust, Series 2024-PJ9, Class A3<sup>(a)</sup> | 5.01% | 02/25/2055 | 486318 | 485634 |
| GSJP Trust, Series 2025-BEDS, Class A | 5.25% | 12/15/2042 | 500000 | 500971 |
| HERO Funding Trust, Series 2015-2A, Class A | 4.21% | 09/20/2040 | 7730 | 7547 |
| HomeBanc Mortgage Trust, Series 2004-1, Class 2A | 4.78% | 08/25/2029 | 8765 | 8621 |
| Hundred Acre Wood Trust, Series 2021-INV1, Class A27<sup>(a)</sup> | 2.99% | 07/25/2051 | 678028 | 566391 |
| JPMorgan Mortgage Trust, Series 2016-4, Class A13<sup>(a)</sup> | 3.83% | 10/25/2046 | 321170 | 293345 |
| JPMorgan Mortgage Trust, Series 2018-5, Class A13<sup>(a)</sup> | 3.88% | 10/25/2048 | 754850 | 681720 |
| JPMorgan Mortgage Trust, Series 2018-8, Class A13<sup>(a)</sup> | 4.27% | 01/25/2049 | 92240 | 86370 |
| JPMorgan Mortgage Trust, Series 2019-2, Class A15<sup>(a)</sup> | 4.2% | 08/25/2049 | 20102 | 19108 |
| JPMorgan Mortgage Trust, Series 2019-8, Class A15<sup>(a)</sup> | 3.86% | 03/25/2050 | 12832 | 11640 |
| JPMorgan Mortgage Trust, Series 2020-3, Class A15<sup>(a)</sup> | 3.88% | 08/25/2050 | 126095 | 113622 |
| JPMorgan Mortgage Trust, Series 2020-5, Class A15<sup>(a)</sup> | 3.42% | 12/25/2050 | 116724 | 102316 |
| JPMorgan Mortgage Trust, Series 2019-1, Class A3<sup>(a)</sup> | 4.26% | 05/25/2049 | 35234 | 33111 |
| JPMorgan Mortgage Trust, Series 2019-5, Class A3<sup>(a)</sup> | 4.22% | 11/25/2049 | 27621 | 26172 |
| JPMorgan Mortgage Trust, Series 2024-CCM1, Class A3<sup>(a)</sup> | 5.46% | 04/25/2055 | 589323 | 594180 |
| JPMorgan Mortgage Trust, Series 2021-3, Class A5<sup>(a)</sup> | 3.51% | 07/25/2051 | 1000000 | 711843 |
| JPMorgan Mortgage Trust, Series 2022-5, Class A9<sup>(a)</sup> | 3.32% | 09/25/2052 | 819027 | 691133 |
| JPMorgan Mortgage Trust, Series 2024-8, Class A9<sup>(a)</sup> | 5.91% | 01/25/2055 | 540342 | 548206 |
| JPMorgan Mortgage Trust, Series 2018-3, Class B2<sup>(a)</sup> | 4.02% | 09/25/2048 | 897205 | 824567 |
| JPMorgan Mortgage Trust, Series 2018-4, Class B2<sup>(a)</sup> | 4.01% | 10/25/2048 | 597767 | 554176 |
| JPMorgan Mortgage Trust, Series 2017-5, Class B2<sup>(a)</sup> | 4.76% | 10/26/2048 | 589781 | 588313 |
| JPMorgan Mortgage Trust, Series 2019-INV1, Class B2<sup>(a)</sup> | 5.01% | 09/25/2049 | 831922 | 818384 |
| JPMorgan Mortgage Trust, Series 2019-LTV2, Class B3<sup>(a)</sup> | 4.8% | 12/25/2049 | 395871 | 385863 |
| Loanpal Solar Loan Ltd., Series 2020-2GF, Class A | 3.72% | 07/20/2047 | 51187 | 43803 |
| Loanpal Solar Loan Ltd., Series 2021-1GS, Class A | 3.26% | 01/20/2048 | 50435 | 42721 |
| Loanpal Solar Loan Ltd., Series 2021-2GS, Class A | 3.39% | 03/20/2048 | 86651 | 70843 |
| Magnetite XXXI Ltd., Series 2021-31A, Class A1R | 0.0% | 07/15/2034 | 250000 | 250062 |
| Magnetite XXXI Ltd., Series 2021-31A, Class DR | 0.0% | 07/15/2034 | 250000 | 250250 |
| Mello Mortgage Capital Acceptance, Series 2018-MTG2, Class B1<sup>(a)</sup> | 4.46% | 10/25/2048 | 414609 | 401046 |
| Mill City Mortgage Loan Trust, Series 2017-2, Class M2<sup>(a)</sup> | 3.31% | 07/25/2059 | 200000 | 196381 |
| Mill City Solar Loan Ltd., Series 2019-2GS, Class A | 4.39% | 07/20/2043 | 218935 | 200157 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2024-3, Class A7<sup>(a)</sup> | 5.9% | 07/25/2054 | 867727 | 881690 |
| Mosaic Solar Loan Trust, Series 2018-1A, Class A | 4.46% | 06/22/2043 | 22206 | 20988 |
| Mosaic Solar Loan Trust, Series 2020-2A, Class A | 2.35% | 08/20/2046 | 35914 | 30554 |
| Mosaic Solar Loan Trust, Series 2018-2GS, Class B | 5.49% | 02/22/2044 | 16871 | 15413 |
| Mosaic Solar Loan Trust, Series 2021-1A, Class B | 3.31% | 12/20/2046 | 43226 | 34990 |
| Mosaic Solar Loans LLC, Series 2017-2A, Class A | 4.25% | 06/22/2043 | 567361 | 537578 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Navesink CLO Ltd., Series 2024-2A, Class CR | 0.0% | 01/15/2036 | 250000 | 250187 |
| Navient Private Education Refi Loan Trust, Series 2019-A, Class A2A | 3.44% | 01/15/2043 | 3775 | 3766 |
| Neuberger Berman CLO XVII Ltd., Series 2014-17A, Class CR3 | 5.98% | 07/22/2038 | 620000 | 622956 |
| Neuberger Berman Loan Advisers CLO Ltd., Series 2017-25A, Class CR2 | 5.96% | 07/18/2038 | 1000000 | 1004774 |
| Neuberger Berman Loan Advisers CLO Ltd., Series 2019-33A, Class CR2 | 5.86% | 04/16/2039 | 750000 | 754738 |
| NYC Trust, Series 2025-77C, Class B<sup>(a)</sup> | 4.95% | 01/10/2038 | 500000 | 503487 |
| Oaktree CLO Ltd., Series 2022-3A, Class CR | 5.98% | 10/15/2037 | 350000 | 351708 |
| OBX Trust, Series 2019-INV2, Class A25<sup>(a)</sup> | 4.26% | 05/27/2049 | 79579 | 74661 |
| Palmer Square CLO Ltd., Series 2021-1A, Class BR | 5.66% | 04/20/2038 | 250000 | 251281 |
| Prime Mortgage Trust, Series 2007-1, Class A4 | 6.81% | 03/25/2037 | 5225 | 4689 |
| Provident Funding Mortgage Trust, Series 2021-J1, Class A10<sup>(a)</sup> | 3.16% | 10/25/2051 | 400000 | 253338 |
| Provident Funding Mortgage Trust, Series 2025-6, Class A2<sup>(a)</sup> | 5.03% | 12/25/2055 | 500000 | 497461 |
| RATE Mortgage Trust, Series 2021-HB1, Class A31<sup>(a)</sup> | 2.99% | 12/25/2051 | 400176 | 334087 |
| RCKT Mortgage Trust, Series 2021-4, Class A21<sup>(a)</sup> | 3.01% | 09/25/2051 | 574924 | 477859 |
| RCKT Mortgage Trust, Series 2021-1, Class B3<sup>(a)</sup> | 3.19% | 03/25/2051 | 432387 | 367655 |
| Renaissance Home Equity Loan Trust, Series 2005-3, Class AF4 | 5.63% | 11/25/2035 | 18738 | 18750 |
| Sequoia Mortgage Trust, Series 2023-2, Class A1<sup>(a)</sup> | 5.08% | 03/25/2053 | 755909 | 744564 |
| Sequoia Mortgage Trust, Series 2019-4, Class A19<sup>(a)</sup> | 3.85% | 11/25/2049 | 66161 | 60224 |
| Sequoia Mortgage Trust, Series 2024-3, Class A19<sup>(a)</sup> | 5.91% | 04/25/2054 | 172774 | 175289 |
| Sequoia Mortgage Trust, Series 2025-2, Class A19<sup>(a)</sup> | 5.91% | 03/25/2055 | 548008 | 555984 |
| Sequoia Mortgage Trust, Series 2025-13, Class A19<sup>(a)</sup> | 5.48% | 12/25/2055 | 1000000 | 1004492 |
| Sequoia Mortgage Trust, Series 2019-5, Class A7<sup>(a)</sup> | 3.86% | 12/25/2049 | 284854 | 258428 |
| Sequoia Mortgage Trust, Series 2019-2, Class B2<sup>(a)</sup> | 4.38% | 06/25/2049 | 903913 | 879020 |
| Sequoia Mortgage Trust, Series 2019-2, Class B3<sup>(a)</sup> | 4.51% | 06/25/2049 | 905243 | 855431 |
| Sequoia Mortgage Trust, Series 2021-3, Class B3<sup>(a)</sup> | 3.18% | 05/25/2051 | 617084 | 513606 |
| Shackleton CLO Ltd., Series 2019-15A, Class CR | 6.29% | 01/15/2032 | 550000 | 552440 |
| Sofi Professional Loan Program Trust, Series 2018-D, Class A2FX | 3.63% | 02/25/2048 | 6811 | 6776 |
| Sound Point CLO XXVIII Ltd., Series 2020-3A, Class A1R | 5.13% | 01/25/2032 | 205306 | 205432 |
| Storm King Park CLO Ltd., Series 2022-1A, Class CR | 5.88% | 10/15/2037 | 1250000 | 1256117 |
| STWD LLC, Series 2025-FL4, Class AS | 5.42% | 11/19/2042 | 800000 | 801150 |
| Sunnova Helios IX Issuer LLC, Series 2022-B, Class A | 5.94% | 08/20/2049 | 337052 | 296948 |
| Sunnova Helios XI Issuer LLC, Series 2023-A, Class A | 5.92% | 05/20/2050 | 345004 | 317396 |
| Sunnova Sol II Issuer LLC, Series 2020-2A, Class A | 3.47% | 11/01/2055 | 170718 | 147355 |
| Sunnova Sol III Issuer LLC, Series 2021-1, Class A | 3.34% | 04/28/2056 | 74824 | 64068 |
| Sunrun Bacchus Issuer LLC, Series 2025-1A, Class A2A | 6.31% | 04/30/2060 | 595638 | 603950 |
| Sunrun Xanadu Issuer LLC, Series 2019-1A, Class A | 4.25% | 06/30/2054 | 211788 | 202452 |
| Symphony CLO XVI Ltd., Series 2015-16A, Class ARR | 5.1% | 10/15/2031 | 91044 | 91090 |
| Symphony CLO XX Ltd., Series 2018-20A, Class AR2 | 4.99% | 01/16/2032 | 144756 | 144918 |
| TIAA CLO I Ltd., Series 2016-1A, Class ARR | 5.13% | 07/20/2031 | 58287 | 58287 |
| Triangle Re 2021-3 Ltd., Series 2021-3, Class M1B | 6.77% | 02/25/2034 | 22618 | 22648 |
| UBS Commercial Mortgage Trust, Series 2019-C17, Class A4 | 3.2% | 10/15/2052 | 60000 | 56985 |
| Verus Securitization Trust, Series 2021-3, Class A1<sup>(a)</sup> | 1.18% | 06/25/2066 | 372665 | 329622 |
| Washington Mutual Mortgage Pass-Through Certificates Trust,<br> Series 2007-HY2, Class 1A1<sup>(a)</sup> | 4.37% | 12/25/2036 | 83302 | 78972 |
| Washington Mutual Mortgage Pass-Through Certificates Trust,<br> Series 2006-AR6, Class 2A | 8.55% | 08/25/2046 | 111720 | 65224 |
| Washington Mutual Mortgage Pass-Through Certificates Trust,<br> Series 2006-AR12, Class 2A3<sup>(a)</sup> | 4.03% | 10/25/2036 | 11416 | 10387 |
| Washington Mutual Mortgage Pass-Through Certificates Trust, <br> Series 2005-AR11, Class A1C3 | 5.0% | 08/25/2045 | 24012 | 23354 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Washington Mutual Mortgage Pass-Through Certificates Trust, <br> Series 2005-AR13, Class A1C3 | 4.98% | 10/25/2045 | 11335.0 | 10983 |
| Wells Fargo Alternative Loan Trust, Series 2007-PA2, Class 2A1 | 4.84% | 06/25/2037 | 7805.0 | 6891 |
| Wells Fargo Mortgage Backed Securities Trust, Series 2006-AR4, Class 2A4<sup>(a)</sup> | 6.12% | 04/25/2036 | 5364.0 | 5315 |
| Wells Fargo Mortgage Backed Securities Trust, Series 2007-AR7, Class A1<sup>(a)</sup> | 6.66% | 12/28/2037 | 9023.0 | 8175 |
| Wells Fargo Mortgage Backed Securities Trust, Series 2018-1, Class B3<sup>(a)</sup> | 4.01% | 07/25/2047 | 466761.0 | 424509 |
|  |  |  |  | 57203167 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** |  |  |  |  |
| **(Cost $60,600,671)** |  |  |  | 57203167 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CORPORATE BONDS - 31.9%** | **Rate** | **Maturity <br> Date** | **Principal <br> Amount** | **Value** |
| **Advertising & Marketing - 0.1%** |  |  |  |  |
| Midas OpCo Holdings LLC | 6.38% | 08/15/2029 | 80000 | 78084 |
| Outfront Media Capital LLC / Outfront Media Capital Corp. | 5.19% | 03/15/2030 | 75000 | 73419 |
|  |  |  |  | 151503 |
| **Aerospace & Defense - 0.9%** |  |  |  |  |
| Bombardier, Inc. | 5.78% | 06/15/2033 | 210000 | 222256 |
| L3Harris Technologies, Inc.<sup>(c)</sup> | 3.92% | 01/15/2027 | 124000 | 125850 |
| RTX Corp. | 3.89% | 05/04/2027 | 130000 | 128709 |
| RTX Corp.<sup>(c)</sup> | 3.92% | 08/15/2027 | 120000 | 126141 |
| TransDigm, Inc. | 5.81% | 03/01/2032 | 110000 | 114590 |
| TransDigm, Inc. | 5.92% | 05/31/2033 | 110000 | 112946 |
| TransDigm, Inc. | 6.08% | 01/31/2034 | 110000 | 114655 |
|  |  |  |  | 945147 |
| **Auto Parts Manufacturing - 0.6%** |  |  |  |  |
| Adient Global Holdings Ltd. | 6.91% | 02/15/2033 | 65000 | 67133 |
| American Axle & Manufacturing Holdings, Inc. | 7.41% | 10/15/2033 | 250000 | 254893 |
| Garrett Motion, Inc. | 6.52% | 05/31/2032 | 50000 | 53178 |
| Goodyear Tire & Rubber Co. | 5.99% | 07/15/2030 | 50000 | 51238 |
| Tenneco, Inc. | 7.85% | 11/17/2028 | 220000 | 220854 |
|  |  |  |  | 647296 |
| **Automobiles Manufacturing - 0.1%** |  |  |  |  |
| American Honda Finance Corp.<sup>(c)</sup> | 3.87% | 07/09/2027 | 73000 | 73733 |
| General Motors Financial Co., Inc. | 3.49% | 01/08/2026 | 50000 | 49976 |
|  |  |  |  | 123709 |
| **Banking - 0.3%** |  |  |  |  |
| Credit Agricol CIB Financial Solutions | 4.25% | 11/27/2026 | 50000 | 50015 |
| Fifth Third Bancorp | 4.47% | 01/28/2028 | 250000 | 252444 |
|  |  |  |  | 302459 |
| **Banks - 0.5%** |  |  |  |  |
| Morgan Stanley Bank NA<sup>(a)</sup> | 4.59% | 05/26/2028 | 250000 | 255159 |
| US Bancorp<sup>(a)</sup> | 3.09% | 01/27/2028 | 130000 | 127742 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Wells Fargo & Co.<sup>(a)</sup> | 4.45% | 01/24/2028 | 125000 | 126089 |
|  |  |  |  | 508990 |
| **Biotechnology - 0.3%** |  |  |  |  |
| Amgen, Inc. | 3.86% | 02/21/2027 | 131000 | 128595 |
| Genmab A/S / Genmab Finance LLC | 6.37% | 12/15/2033 | 200000 | 210906 |
|  |  |  |  | 339501 |
| **Cable & Satellite - 0.9%** |  |  |  |  |
| CCO Holdings LLC | 5.37% | 02/01/2028 | 130000 | 129051 |
| CCO Holdings LLC | 5.95% | 08/15/2030 | 160000 | 150747 |
| CCO Holdings LLC | 6.49% | 05/01/2032 | 130000 | 116764 |
| Comcast Corp. | 3.84% | 01/15/2027 | 130000 | 128047 |
| Comcast Corp. | 3.81% | 04/01/2027 | 86000 | 85473 |
| DIRECTV Financing LLC | 5.46% | 08/15/2027 | 50000 | 50322 |
| DIRECTV Financing LLC | 8.49% | 02/01/2030 | 305000 | 308978 |
|  |  |  |  | 969382 |
| **Casinos & Gaming - 1.0%** |  |  |  |  |
| Caesars Entertainment, Inc. | 5.82% | 10/15/2029 | 75000 | 71992 |
| Caesars Entertainment, Inc. | 6.0% | 02/15/2030 | 75000 | 77710 |
| Caesars Entertainment, Inc. | 6.5% | 10/15/2032 | 225000 | 218946 |
| Light & Wonder International, Inc. | 6.53% | 09/01/2031 | 30000 | 31363 |
| Light & Wonder International, Inc. | 6.04% | 10/01/2033 | 285000 | 288577 |
| MGM Resorts International | 5.9% | 04/15/2032 | 60000 | 61854 |
| Scientific Games Holdings LP/Scientific Games US FinCo, Inc. | 9.93% | 03/01/2030 | 75000 | 66710 |
| Station Casinos LLC | 4.88% | 02/15/2028 | 90000 | 89309 |
| Voyager Parent LLC | 8.02% | 07/01/2032 | 65000 | 69007 |
| Wynn Resorts Finance LLC / Wynn Resorts Capital Corp. | 5.85% | 03/15/2033 | 70000 | 71640 |
|  |  |  |  | 1047108 |
| **Chemicals - 0.7%** |  |  |  |  |
| Avient Corp. | 5.67% | 11/01/2031 | 75000 | 77139 |
| Celanese US Holdings LLC | 6.83% | 04/15/2033 | 100000 | 99567 |
| Chemours Co. | 6.79% | 11/15/2028 | 50000 | 48667 |
| Chemours Co. | 8.59% | 01/15/2033 | 235000 | 227776 |
| Nufarm Australia Ltd. / Nufarm Americas, Inc. | 7.29% | 01/27/2030 | 45000 | 41417 |
| OCP SA | 5.54% | 05/02/2034 | 200000 | 215963 |
| Olin Corp. | 5.44% | 02/01/2030 | 40000 | 39367 |
|  |  |  |  | 749896 |
| **Commercial Finance - 0.3%** |  |  |  |  |
| FTAI Aviation Ltd. | 5.35% | 05/01/2028 | 50000 | 50166 |
| FTAI Aviation Ltd. | 5.59% | 04/15/2033 | 100000 | 101712 |
| Midcap Financial Issuer Trust | 6.54% | 05/01/2028 | 225000 | 224801 |
|  |  |  |  | 376679 |
| **Communications Equipment - 0.0%<sup>(d)</sup>** |  |  |  |  |
| Viavi Solutions, Inc. | 4.99% | 10/01/2029 | 40000 | 38325 |
| **Construction Materials Manufacturing - 0.7%** |  |  |  |  |
| Ameritex Holdings LLC | 6.68% | 08/15/2033 | 170000 | 179494 |
| Carlisle Co., Inc. | 3.99% | 12/01/2027 | 129000 | 128438 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Quikrete Holdings, Inc. | 5.57% | 03/01/2032 | 225000.0 | 234350 |
| Smyrna Ready Mix Concrete LLC | 7.38% | 11/15/2031 | 90000.0 | 96333 |
| Standard Industries, Inc. | 5.2% | 01/15/2031 | 115000.0 | 105798 |
|  |  |  |  | 744413 |
| **Consumer Discretionary Products - 0.0%<sup>(d)</sup>** |  |  |  |  |
| Tenneco, Inc. | 7.85% | 11/17/2028 | 50000.0 | 50194 |
| **Consumer Finance - 0.9%** |  |  |  |  |
| Ally Financial, Inc. | 5.87% | 02/14/2033 | 55000.0 | 57623 |
| CPI CG, Inc. | 7.89% | 07/15/2029 | 60000.0 | 63854 |
| Freedom Mortgage Corp. | 9.34% | 10/01/2030 | 50000.0 | 55489 |
| Freedom Mortgage Holdings LLC | 7.28% | 04/01/2032 | 65000.0 | 68517 |
| Mastercard, Inc. | 3.67% | 03/26/2027 | 129000.0 | 128425 |
| Navient Corp. | 5.38% | 03/15/2028 | 60000.0 | 59375 |
| OneMain Finance Corp. | 5.34% | 11/15/2029 | 80000.0 | 80098 |
| OneMain Finance Corp. | 6.26% | 03/15/2033 | 80000.0 | 81087 |
| PennyMac Financial Services, Inc. | 6.01% | 12/15/2029 | 55000.0 | 58558 |
| PennyMac Financial Services, Inc. | 6.09% | 02/15/2033 | 55000.0 | 57456 |
| Rocket Co's., Inc. | 5.27% | 08/01/2030 | 75000.0 | 77594 |
| Rocket Co's., Inc. | 5.66% | 08/01/2033 | 100000.0 | 104387 |
| Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc. | 6.14% | 08/15/2032 | 70000.0 | 72312 |
| Starwood Property Trust, Inc. | 5.32% | 07/01/2030 | 35000.0 | 36638 |
|  |  |  |  | 1001413 |
| **Consumer Products - 0.2%** |  |  |  |  |
| Energizer Holdings, Inc. | 5.07% | 06/15/2028 | 55000.0 | 54597 |
| Energizer Holdings, Inc. | 6.67% | 09/15/2033 | 50000.0 | 48012 |
| Perrigo Finance Unlimited Co. | 6.59% | 09/30/2032 | 40000.0 | 38999 |
| Procter & Gamble Co.<sup>(c)</sup> | 3.77% | 03/25/2027 | 86000.0 | 85000 |
|  |  |  |  | 226608 |
| **Consumer Services - 0.3%** |  |  |  |  |
| Brink's Co. | 5.86% | 06/15/2032 | 60000.0 | 62849 |
| Raven Acquisition Holdings LLC | 6.23% | 11/15/2031 | 75000.0 | 77355 |
| Service Corp. International | 5.41% | 10/15/2032 | 75000.0 | 76424 |
| Williams Scotsman, Inc. | 6.42% | 10/01/2031 | 105000.0 | 109758 |
|  |  |  |  | 326386 |
| **Containers & Packaging - 0.3%** |  |  |  |  |
| Clydesdale Acquisition Holdings, Inc. | 8.26% | 04/15/2030 | 25000.0 | 25432 |
| Clydesdale Acquisition Holdings, Inc. | 6.19% | 04/15/2032 | 80000.0 | 82316 |
| Crown Americas LLC | 5.48% | 06/01/2033 | 40000.0 | 40946 |
| Owens-Brockway Glass Container, Inc. | 6.75% | 05/15/2031 | 205000.0 | 209518 |
|  |  |  |  | 358212 |
| **Department Stores - 0.1%** |  |  |  |  |
| Macy's Retail Holdings LLC | 5.86% | 03/15/2032 | 65000.0 | 65879 |
| **Design, Manufacturing & Distribution - 0.1%** |  |  |  |  |
| Imola Merger Corp. | 5.15% | 05/15/2029 | 85000.0 | 83968 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Diversified Banks - 0.9%** | | | | |
| Bank of Nova Scotia<sup>(a)</sup> | 4.02% | 09/15/2028 | 128000 | 128061 |
| Citigroup, Inc.<sup>(a)</sup> | 3.96% | 01/10/2028 | 127000 | 126813 |
| JPMorgan Chase & Co. | 3.83% | 06/23/2027 | 50000 | 48018 |
| JPMorgan Chase & Co.<sup>(a)</sup> | 3.88% | 02/01/2028 | 159000 | 158691 |
| JPMorgan Chase & Co.<sup>(a)</sup> | 3.77% | 05/01/2028 | 129000 | 128352 |
| JPMorgan Chase & Co.<sup>(a)</sup> | 4.12% | 10/22/2028 | 127000 | 128279 |
| Royal Bank of Canada<sup>(a)</sup> | 4.30% | 03/27/2028 | 127000 | 128126 |
| Royal Bank of Canada<sup>(a)</sup> | 3.94% | 11/03/2028 | 128000 | 128173 |
|  |  |  |  | 974513 |
| **Electrical Equipment Manufacturing - 0.7%** |  |  |  |  |
| Carrier Global Corp. | 3.93% | 02/15/2027 | 130000 | 127964 |
| Emerald Borrower LP / Emerald Co-Issuer, Inc. | 5.61% | 12/15/2030 | 105000 | 109575 |
| Gates Industrial Corp. | 5.61% | 07/01/2029 | 55000 | 57185 |
| Hubbell, Inc. | 3.90% | 08/15/2027 | 162000 | 160114 |
| Keysight Technologies, Inc. | 4.14% | 04/06/2027 | 127000 | 127717 |
| Otis Worldwide Corp. | 3.91% | 04/05/2027 | 131000 | 128419 |
| Sensata Technologies, Inc. | 5.12% | 02/15/2031 | 75000 | 70430 |
|  |  |  |  | 781404 |
| **Entertainment Content - 0.2%** |  |  |  |  |
| Warnermedia Holdings, Inc. | 6.69% | 03/15/2032 | 195000 | 171419 |
| **Entertainment Resources - 0.3%** |  |  |  |  |
| Cinemark USA, Inc. | 6.27% | 08/01/2032 | 60000 | 62318 |
| SeaWorld Parks & Entertainment, Inc. | 6.04% | 08/15/2029 | 300000 | 292419 |
|  |  |  |  | 354737 |
| **Exploration & Production - 0.6%** |  |  |  |  |
| Ascent Resources Utica Holdings LLC | 5.67% | 06/30/2029 | 95000 | 95617 |
| Civitas Resources, Inc. | 7.87% | 07/01/2031 | 50000 | 51933 |
| Crescent Energy Co. | 8.24% | 04/01/2032 | 70000 | 67914 |
| Hilcorp Energy I LP / Hilcorp Finance Co. | 6.66% | 04/15/2030 | 45000 | 43901 |
| Hilcorp Energy I LP / Hilcorp Finance Co. | 7.36% | 04/15/2032 | 40000 | 37790 |
| Northern Oil & Gas, Inc. | 8.50% | 06/15/2031 | 255000 | 257740 |
| Permian Resources Operating LLC | 5.58% | 07/01/2029 | 50000 | 50457 |
| Permian Resources Operating LLC | 5.79% | 02/01/2033 | 50000 | 51319 |
| SM Energy Co. | 7.32% | 08/01/2032 | 40000 | 39348 |
|  |  |  |  | 696019 |
| **Financial Services - 0.9%** |  |  |  |  |
| Focus Financial Partners, Inc. | 6.11% | 09/15/2031 | 300000 | 309070 |
| Icahn Enterprises LP / Icahn Enterprises Finance Corp. | 9.98% | 11/15/2029 | 90000 | 90049 |
| Jane Street Group LLC | 4.85% | 11/15/2029 | 25000 | 24698 |
| Jane Street Group LLC | 5.80% | 11/01/2032 | 85000 | 86557 |
| Lseg US Fin Corp. | 3.92% | 03/28/2027 | 25000 | 25286 |
| PRA Group, Inc. | 6.80% | 10/01/2029 | 50000 | 47061 |
| State Street Corp.<sup>(a)</sup> | 3.08% | 02/07/2028 | 163000 | 160116 |
| State Street Corp.<sup>(a)</sup> | 4.14% | 04/24/2028 | 127000 | 128117 |
| VFH Parent LLC / Valor Co-Issuer, Inc. | 6.40% | 06/15/2031 | 60000 | 62994 |
|  |  |  |  | 933948 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Food & Beverage - 0.7%** | | | | |
| BellRing Brands, Inc. | 6.05% | 03/15/2030 | 60000 | 62079 |
| Fiesta Purchaser, Inc. | 6.76% | 03/01/2031 | 75000 | 78598 |
| General Mills, Inc. | 3.95% | 01/30/2027 | 126000 | 126995 |
| Post Holdings, Inc. | 5.29% | 04/15/2030 | 75000 | 73100 |
| Post Holdings, Inc. | 6.18% | 03/01/2033 | 225000 | 227545 |
| Post Holdings, Inc. | 6.15% | 10/15/2034 | 75000 | 75487 |
| Primo Water Holdings, Inc. / Triton Water Holdings, Inc. | 5.96% | 04/01/2029 | 40000 | 40342 |
| Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet |  |  |  |  |
| Food, Inc. / Simmons Feed | 5.86% | 03/01/2029 | 90000 | 86828 |
|  |  |  |  | 770974 |
| **Governments - 1.0%** |  |  |  |  |
| Chile Government International Bond | 4.81% | 01/05/2036 | 246125 | 248771 |
| Colombia Government International Bond | 6.06% | 04/15/2031 | 200000 | 173800 |
| Guatemala Government Bond | 5.13% | 08/06/2031 | 250000 | 261125 |
| Guatemala Government Bond | 5.63% | 02/06/2037 | 200000 | 215000 |
| Ukraine Government International Bond<sup>(c)</sup> | 14.90% | 02/01/2029 | 33652 | 25236 |
| Ukraine Government International Bond<sup>(c)</sup> | 13.15% | 02/01/2030 | 9191 | 5461 |
| Ukraine Government International Bond<sup>(c)</sup> | 9.36% | 02/01/2034 | 34346 | 16397 |
| Ukraine Government International Bond<sup>(c)</sup> | 12.09% | 02/01/2034 | 58890 | 36235 |
| Ukraine Government International Bond<sup>(c)</sup> | 6.35% | 02/01/2035 | 29024 | 16440 |
| Ukraine Government International Bond<sup>(c)</sup> | 11.72% | 02/01/2035 | 67303 | 40561 |
| Ukraine Government International Bond<sup>(c)</sup> | 5.66% | 02/01/2036 | 24187 | 13779 |
| Ukraine Government International Bond<sup>(c)</sup> | 11.37% | 02/01/2036 | 8413 | 4995 |
|  |  |  |  | 1057800 |
| **Hardware - 0.1%** |  |  |  |  |
| Dell, Inc.<sup>(c)</sup> | 4.17% | 04/15/2028 | 25000 | 26584 |
| NCR Atleos Corp. | 6.52% | 04/01/2029 | 60000 | 65155 |
|  |  |  |  | 91739 |
| **Health Care Facilities & Services - 1.8%** |  |  |  |  |
| Acadia Healthcare Co., Inc. | 5.70% | 07/01/2028 | 70000 | 69680 |
| Cardinal Health, Inc. | 3.88% | 06/15/2027 | 128000 | 127160 |
| Cencora, Inc. | 3.89% | 12/15/2027 | 83000 | 84138 |
| Community Health Systems, Inc. | 6.84% | 05/15/2030 | 65000 | 61160 |
| Concentra Group Holdings Parent, Inc. | 6.00% | 07/15/2032 | 295000 | 308866 |
| DaVita, Inc. | 5.32% | 06/01/2030 | 70000 | 68104 |
| DaVita, Inc. | 6.12% | 07/15/2033 | 75000 | 77825 |
| Express Scripts, Inc. | 3.91% | 03/01/2027 | 50000 | 49712 |
| Global Medical Response, Inc. | 6.61% | 10/01/2032 | 290000 | 302000 |
| HCA Healthcare, Inc. | 5.07% | 06/15/2026 | 50000 | 50040 |
| LifePoint Health, Inc. | 7.84% | 08/15/2030 | 85000 | 91604 |
| LifePoint Health, Inc. | 6.64% | 02/15/2032 | 25000 | 27157 |
| Quest Diagnostics, Inc. | 3.91% | 12/15/2027 | 174000 | 176247 |
| Select Medical Corp. | 6.64% | 12/01/2032 | 70000 | 68494 |
| Sotera Health Holdings LLC | 6.14% | 06/01/2031 | 65000 | 68653 |
| Star Parent, Inc. | 7.27% | 10/01/2030 | 45000 | 48085 |
| Tenet Healthcare Corp. | 5.52% | 11/15/2033 | 310000 | 319369 |
|  |  |  |  | 1998294 |
| **Home & Office Products Manufacturing - 0.4%** |  |  |  |  |
| Newell Brands, Inc. | 6.25% | 06/01/2028 | 285000 | 299203 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Newell Brands, Inc. | 7.19% | 05/15/2032 | 55000.0 | 53434 |
| Somnigroup International, Inc. | 5.15% | 10/15/2031 | 75000.0 | 70283 |
|  |  |  |  | 422920 |
| **Homebuilders - 0.1%** |  |  |  |  |
| Weekley Homes LLC / Weekley Finance Corp. | 5.4% | 09/15/2028 | 60000.0 | 59218 |
| **Industrial Other - 0.5%** |  |  |  |  |
| APi Group Corp. | 4.83% | 07/15/2029 | 50000.0 | 48861 |
| Arcosa, Inc. | 5.81% | 08/15/2032 | 45000.0 | 47610 |
| EquipmentShare.com, Inc. | 7.04% | 03/15/2033 | 80000.0 | 84295 |
| Global Infrastructure Solutions, Inc. | 6.11% | 04/15/2032 | 65000.0 | 69644 |
| Herc Holdings, Inc. | 5.64% | 06/15/2030 | 55000.0 | 57914 |
| Herc Holdings, Inc. | 6.18% | 06/15/2033 | 45000.0 | 47839 |
| Quanta Services, Inc. | 3.91% | 08/09/2027 | 157000.0 | 159043 |
| United Rentals North America, Inc. | 5.47% | 03/15/2034 | 75000.0 | 78219 |
|  |  |  |  | 593425 |
| **Industrial Products - 0.0%<sup>(d)</sup>** |  |  |  |  |
| AAR Escrow Issuer LLC | 5.53% | 03/15/2029 | 50000.0 | 51764 |
| **Industrial Services - 0.0%<sup>(d)</sup>** |  |  |  |  |
| United Airlines, Inc. | 4.6% | 04/15/2026 | 50000.0 | 49968 |
| **Integrated Oils - 0.1%** |  |  |  |  |
| Chevron U.S.A., Inc.<sup>(c)</sup> | 3.66% | 02/26/2027 | 126000.0 | 127046 |
| **Internet Media - 0.3%** |  |  |  |  |
| Arches Buyer, Inc. | 5.04% | 06/01/2028 | 70000.0 | 68754 |
| Snap, Inc. | 6.39% | 03/15/2034 | 270000.0 | 278212 |
|  |  |  |  | 346966 |
| **Machinery Manufacturing - 0.6%** |  |  |  |  |
| Amsted Industries, Inc. | 5.79% | 03/15/2033 | 40000.0 | 41357 |
| Caterpillar Financial Services Corp.<sup>(c)</sup> | 3.64% | 01/07/2027 | 125000.0 | 126065 |
| CNH Industrial NV | 4.0% | 11/15/2027 | 161000.0 | 160567 |
| Deere & Co.<sup>(c)</sup> | 4.33% | 10/01/2028 | 50000.0 | 52845 |
| Ingersoll Rand, Inc. | 4.02% | 06/15/2027 | 124000.0 | 126053 |
| John Deere Capital Corp.<sup>(c)</sup> | 3.7% | 01/08/2027 | 84000.0 | 84667 |
| Terex Corp. | 5.77% | 10/15/2032 | 45000.0 | 46202 |
|  |  |  |  | 637756 |
| **Managed Care - 0.4%** |  |  |  |  |
| Cigna Group | 3.91% | 03/01/2027 | 129000.0 | 128257 |
| Cigna Group | 3.83% | 10/15/2027 | 130000.0 | 128253 |
| Elevance Health, Inc. | 3.87% | 12/01/2027 | 130000.0 | 129465 |
|  |  |  |  | 385975 |
| **Materials - 0.0%<sup>(d)</sup>** |  |  |  |  |
| Chemours Co. | 6.79% | 11/15/2028 | 50000.0 | 48667 |
| **Medical Equipment & Devices Manufacturing - 0.7%** |  |  |  |  |
| Becton, Dickinson and Co. | 3.97% | 06/06/2027 | 127000.0 | 126535 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Embecta Corp. | 6.21% | 02/15/2030 | 70000.0 | 66965 |
| GE HealthCare Technologies, Inc. | 3.94% | 11/15/2027 | 125000.0 | 128812 |
| Insulet Corp. | 5.71% | 04/01/2033 | 120000.0 | 125545 |
| Medline Borrower LP | 5.07% | 10/01/2029 | 160000.0 | 160991 |
| Zimmer Biomet Holdings, Inc.<sup>(c)</sup> | 3.91% | 02/19/2027 | 126000.0 | 127102 |
|  |  |  |  | 735950 |
| **Metals & Mining - 0.9%** |  |  |  |  |
| Capstone Copper Corp. | 6.08% | 03/31/2033 | 235000.0 | 244072 |
| Cleveland Electric Illuminating Co. | 5.13% | 03/01/2029 | 65000.0 | 64061 |
| Cleveland Electric Illuminating Co. | 6.87% | 01/15/2034 | 70000.0 | 73205 |
| Corp Nacional del Cobre de Chile | 5.23% | 01/08/2034 | 200000.0 | 209328 |
| Corp Nacional del Cobre de Chile | 5.33% | 01/26/2036 | 200000.0 | 217076 |
| New Gold, Inc. | 5.61% | 04/01/2032 | 110000.0 | 117268 |
| Novelis Corp. | 5.68% | 01/30/2030 | 70000.0 | 67669 |
|  |  |  |  | 992679 |
| **Oil & Gas - 0.3%** |  |  |  |  |
| Petroleos del Peru SA<sup>(c)</sup> | 10.41% | 06/19/2032 | 200000.0 | 147635 |
| Petroleos del Peru SA | 10.41% | 06/19/2032 | 225000.0 | 166089 |
|  |  |  |  | 313724 |
| **Oil & Gas Services & Equipment - 0.2%** |  |  |  |  |
| Archrock, Inc. | 5.93% | 04/01/2028 | 65000.0 | 65428 |
| Kodiak Gas Services LLC | 5.79% | 02/15/2029 | 70000.0 | 72874 |
| Transocean Aquila Ltd.<sup>(e)</sup> | 6.83% | 09/30/2028 | 36154.0 | 37200 |
| Transocean International Ltd. | 6.95% | 10/15/2032 | 60000.0 | 62948 |
|  |  |  |  | 238450 |
| **Pharmaceuticals - 0.4%** |  |  |  |  |
| Eli Lilly and Co.<sup>(c)</sup> | 3.62% | 03/15/2027 | 124000.0 | 126717 |
| Eli Lilly and Co. | 3.63% | 08/14/2027 | 84000.0 | 84681 |
| Merck & Co., Inc.<sup>(c)</sup> | 3.57% | 09/15/2027 | 106000.0 | 106493 |
| Organon & Co. / Organon Foreign Debt Co-Issuer BV | 9.26% | 04/30/2031 | 200000.0 | 165787 |
|  |  |  |  | 483678 |
| **Pipeline - 1.9%** |  |  |  |  |
| Antero Midstream Corp. | 5.35% | 06/15/2029 | 45000.0 | 45030 |
| Delek Logistics Partners LP | 6.9% | 03/15/2029 | 300000.0 | 314640 |
| Energy Transfer LP<sup>(a)</sup> | 6.93% | 05/15/2174 | 450000.0 | 462656 |
| Global Partners LP / GLP Finance Corp. | 7.07% | 01/15/2032 | 215000.0 | 227321 |
| Howard Midstream Energy Partners LLC | 6.32% | 07/15/2032 | 30000.0 | 31675 |
| Kinetik Holdings LP | 5.63% | 06/15/2030 | 90000.0 | 90850 |
| MPLX LP | 4.05% | 03/01/2027 | 127000.0 | 127109 |
| Northriver Midstream Finance LP | 6.37% | 07/15/2032 | 50000.0 | 51014 |
| Northwest Pipeline LLC | 4.0% | 04/01/2027 | 128000.0 | 128007 |
| Summit Midstream Holdings LLC | 7.48% | 10/31/2029 | 90000.0 | 93376 |
| Tennessee Gas Pipeline Co. LLC | 3.87% | 03/15/2027 | 122000.0 | 126446 |
| Venture Global LNG, Inc. | 7.51% | 06/01/2028 | 125000.0 | 126680 |
| Venture Global LNG, Inc. | 8.48% | 06/01/2031 | 120000.0 | 119440 |
| Venture Global Plaquemines LNG LLC | 6.11% | 01/15/2034 | 120000.0 | 122970 |
|  |  |  |  | 2067214 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Power Generation - 0.3%** | | | | |
| Alpha Generation LLC | 6.13% | 10/15/2032 | 55000 | 56873 |
| Lightning Power LLC | 6.06% | 08/15/2032 | 60000 | 63843 |
| NRG Energy, Inc. | 5.84% | 11/01/2034 | 85000 | 87367 |
| Vistra Operations Co. LLC | 6.50% | 10/15/2031 | 85000 | 90070 |
|  |  |  |  | 298153 |
| **Property & Casualty Insurance - 0.6%** |  |  |  |  |
| Acrisure LLC | 6.40% | 11/06/2030 | 75000 | 78382 |
| Acrisure LLC | 6.05% | 07/01/2032 | 25000 | 25924 |
| Alliant Holdings Intermediate LLC | 5.83% | 10/01/2031 | 125000 | 129054 |
| Panther Escrow Issuer LLC | 6.31% | 06/01/2031 | 360000 | 373276 |
|  |  |  |  | 606636 |
| **Publishing & Broadcasting - 0.3%** |  |  |  |  |
| Gray Media, Inc. | 8.78% | 07/15/2032 | 55000 | 57271 |
| Nexstar Media, Inc. | 5.00% | 11/01/2028 | 245000 | 243378 |
|  |  |  |  | 300649 |
| **Railroad - 0.1%** |  |  |  |  |
| Norfolk Southern Corp.<sup>(c)</sup> | 3.91% | 05/15/2027 | 122000 | 128282 |
| **Real Estate - 0.3%** |  |  |  |  |
| Iron Mountain, Inc. | 5.54% | 07/15/2030 | 75000 | 74151 |
| Iron Mountain, Inc. | 6.09% | 01/15/2033 | 75000 | 75676 |
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK |  |  |  |  |
| Finance Co-Issuer | 6.15% | 02/01/2030 | 80000 | 82412 |
| RHP Hotel Properties LP / RHP Finance Corp. | 5.77% | 06/15/2033 | 110000 | 114789 |
|  |  |  |  | 347028 |
| **Refining & Marketing - 0.2%** |  |  |  |  |
| Murphy Oil USA, Inc. | 4.82% | 09/15/2029 | 65000 | 64851 |
| Sunoco LP / Sunoco Finance Corp. | 5.09% | 04/30/2030 | 55000 | 53750 |
| Sunoco LP | 5.87% | 03/15/2034 | 60000 | 60023 |
|  |  |  |  | 178624 |
| **Restaurants - 0.1%** |  |  |  |  |
| Yum! Brands, Inc. | 4.78% | 03/15/2031 | 90000 | 85242 |
| **Retail - Consumer Discretionary - 1.2%** |  |  |  |  |
| Advance Auto Parts, Inc. | 6.76% | 08/01/2030 | 50000 | 50465 |
| Advance Auto Parts, Inc. | 7.29% | 08/01/2033 | 35000 | 35164 |
| Amazon.com, Inc. | 3.58% | 04/13/2027 | 86000 | 85696 |
| Avis Budget Group, Inc. | 7.32% | 02/15/2031 | 280000 | 287962 |
| Bath & Body Works, Inc.<sup>(c)</sup> | 6.83% | 07/01/2036 | 95000 | 94403 |
| Builders FirstSource, Inc. | 5.69% | 06/15/2032 | 100000 | 103683 |
| eBay, Inc. | 3.94% | 06/05/2027 | 127000 | 126411 |
| Gap, Inc. | 5.40% | 10/01/2031 | 85000 | 78666 |
| Lowe's Co's., Inc. | 3.91% | 05/03/2027 | 130000 | 128636 |
| Lowe's Co's., Inc.<sup>(c)</sup> | 3.87% | 10/15/2027 | 128000 | 128182 |
| Sally Holdings LLC / Sally Capital, Inc. | 5.86% | 03/01/2032 | 60000 | 62730 |
| Victoria's Secret & Co. | 5.55% | 07/15/2029 | 65000 | 63096 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Wand NewCo 3, Inc. | 6.44% | 01/30/2032 | 60000.0 | 63534 |
|  |  |  |  | 1308628 |
| **Retail - Consumer Staples - 0.2%** |  |  |  |  |
| Sysco Corp. | 3.86% | 07/15/2027 | 129000.0 | 127833 |
| US Foods, Inc. | 5.42% | 04/15/2033 | 45000.0 | 45878 |
|  |  |  |  | 173711 |
| **Retail & Wholesale - Discretionary - 0.0%<sup>(d)</sup>** |  |  |  |  |
| Avis Budget Group, Inc. | 5.37% | 07/15/2027 | 50000.0 | 50274 |
| **Software & Services - 1.8%** |  |  |  |  |
| Amentum Holdings, Inc. | 6.23% | 08/01/2032 | 55000.0 | 58004 |
| Autodesk, Inc. | 3.91% | 06/15/2027 | 128000.0 | 127272 |
| CACI International, Inc. | 5.78% | 06/15/2033 | 55000.0 | 56976 |
| Cloud Software Group, Inc. | 6.03% | 03/31/2029 | 380000.0 | 385224 |
| Cloud Software Group, Inc. | 6.77% | 08/15/2033 | 60000.0 | 59501 |
| CoreWeave, Inc. | 11.28% | 06/01/2030 | 200000.0 | 186162 |
| Fair Isaac Corp. | 5.49% | 05/15/2033 | 50000.0 | 51521 |
| Fortress Intermediate 3, Inc. | 6.52% | 06/01/2031 | 60000.0 | 62653 |
| Gen Digital, Inc. | 5.65% | 04/01/2033 | 80000.0 | 82837 |
| IBM Corp.<sup>(c)</sup> | 3.86% | 02/06/2026 | 50000.0 | 50032 |
| IBM International Capital Pte. Ltd.<sup>(c)</sup> | 4.12% | 02/05/2026 | 50000.0 | 50028 |
| McAfee Corp. | 11.31% | 02/15/2030 | 55000.0 | 48023 |
| Open Text Holdings, Inc. | 5.31% | 02/15/2030 | 95000.0 | 90866 |
| Playtika Holding Corp. | 7.93% | 03/15/2029 | 60000.0 | 53858 |
| Roper Technologies, Inc. | 3.95% | 09/15/2027 | 89000.0 | 85288 |
| Synopsys, Inc.<sup>(c)</sup> | 3.92% | 04/01/2027 | 127000.0 | 127967 |
| UKG, Inc. | 6.2% | 02/01/2031 | 340000.0 | 349948 |
|  |  |  |  | 1926160 |
| **Supermarkets & Pharmacies - 0.2%** |  |  |  |  |
| Albertsons Cos., Inc. | 5.67% | 03/31/2034 | 140000.0 | 140741 |
| Kroger Co. | 3.88% | 08/01/2027 | 85000.0 | 84771 |
|  |  |  |  | 225512 |
| **Tobacco - 0.1%** |  |  |  |  |
| Philip Morris International, Inc. | 3.87% | 11/17/2027 | 126000.0 | 128843 |
| **Transportation & Logistics - 0.3%** |  |  |  |  |
| Allison Transmission, Inc. | 5.61% | 12/01/2033 | 75000.0 | 76263 |
| Ryder System, Inc. | 4.02% | 03/15/2027 | 125000.0 | 126864 |
| Stonepeak Nile Parent LLC | 6.09% | 03/15/2032 | 70000.0 | 74162 |
|  |  |  |  | 277289 |
| **Travel & Lodging - 1.1%** |  |  |  |  |
| Carnival Corp. | 5.25% | 08/01/2032 | 75000.0 | 77081 |
| Hilton Domestic Operating Co., Inc. | 5.37% | 09/15/2033 | 110000.0 | 112631 |
| Marriott International, Inc.<sup>(c)</sup> | 3.9% | 07/15/2027 | 84000.0 | 84368 |
| NCL Corp. Ltd. | 5.46% | 02/15/2027 | 100000.0 | 100451 |
| NCL Corp. Ltd. | 6.26% | 02/01/2032 | 355000.0 | 363711 |
| Royal Caribbean Cruises Ltd. | 4.22% | 07/01/2026 | 185000.0 | 185027 |
| Royal Caribbean Cruises Ltd. | 4.83% | 07/15/2027 | 125000.0 | 125994 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Viking Cruises Ltd. | 5.62% | 10/15/2033 | 125000 | 126972 |
|  |  |  |  | 1176235 |
| **Utilities - 1.6%** |  |  |  |  |
| American Electric Power Co., Inc. | 3.92% | 11/13/2027 | 180000 | 177691 |
| Arizona Public Service Co. | 3.87% | 09/15/2027 | 130000 | 128056 |
| Comision Federal de Electricidad | 6.01% | 01/24/2035 | 350000 | 360649 |
| Connecticut Light and Power Co. | 3.89% | 03/15/2027 | 129000 | 127959 |
| Dominion Energy, Inc. | 3.97% | 03/15/2027 | 128000 | 127453 |
| Duke Energy Corp.<sup>(c)</sup> | 3.86% | 01/05/2027 | 125000 | 126218 |
| Duke Energy Corp. | 3.89% | 08/15/2027 | 129000 | 127512 |
| NextEra Energy Capital Holdings, Inc.<sup>(c)</sup> | 4.14% | 01/29/2026 | 50000 | 50032 |
| NextEra Energy Capital Holdings, Inc. | 3.92% | 01/15/2027 | 131000 | 128297 |
| NSTAR Electric Co. | 3.86% | 05/15/2027 | 130000 | 128871 |
| Talen Energy Supply LLC | 5.88% | 02/01/2034 | 75000 | 76766 |
| Wisconsin Power and Light Co. | 3.95% | 10/15/2027 | 163000 | 160497 |
|  |  |  |  | 1720001 |
| **Waste & Environment Services & Equipment - 0.3%** |  |  |  |  |
| Clean Harbors, Inc.<sup>(f)</sup> | 5.67% | 02/01/2031 | 60000 | 61852 |
| Entegris, Inc. | 5.42% | 06/15/2030 | 75000 | 76557 |
| Waste Pro USA, Inc. | 6.43% | 02/01/2033 | 145000 | 149674 |
|  |  |  |  | 288083 |
| **Wireless Telecommunications Services - 0.6%** |  |  |  |  |
| T-Mobile USA, Inc. | 3.97% | 04/15/2027 | 129000 | 128651 |
| T-Mobile USA, Inc. | 4.73% | 02/01/2028 | 50000 | 50022 |
| Verizon Communications, Inc.<sup>(c)</sup> | 3.88% | 03/16/2027 | 127000 | 127363 |
| Vmed O2 UK Financing I PLC | 6.40% | 07/15/2031 | 200000 | 184814 |
| Vmed O2 UK Financing I PLC | 6.89% | 04/15/2032 | 200000 | 208687 |
|  |  |  |  | 699537 |
| **Wireline Telecommunications Services - 0.3%** |  |  |  |  |
| Cipher Mining, Inc.<sup>(e)</sup> | 6.64% | 11/15/2030 | 60000 | 61184 |
| GCI LLC | 5.69% | 10/15/2028 | 50000 | 48798 |
| Level 3 Financing, Inc. | 5.64% | 06/15/2029 | 50000 | 48812 |
| Level 3 Financing, Inc. | 6.47% | 06/30/2033 | 75000 | 76781 |
| WULF Compute LLC | 6.98% | 10/15/2030 | 75000 | 77326 |
|  |  |  |  | 312901 |
| **TOTAL CORPORATE BONDS (Cost $34,562,440)** |  |  |  | 34675103 |
| **PURCHASED OPTIONS - 0.1%<sup>(g)(h)(i)(j)</sup>** |  |  |  | **Value** |
| **TOTAL PURCHASED OPTIONS (Cost $8,105)** |  |  |  | 44625 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **U.S. TREASURY SECURITIES - 6.6%** | **Rate** | **Maturity**<br> **Date** | **Principal**<br> **Amount** | **Value** |
| U.S. Treasury Note/Bond | 3.47% | 12/31/2027 | 21700 | 21662 |
| U.S. Treasury Note/Bond | 3.71% | 12/31/2030 | 414800 | 413261 |
| U.S. Treasury Note/Bond | 4.15% | 11/15/2035 | 6763900 | 6681993 |
|  |  |  |  | 7116916 |
| **TOTAL U.S. TREASURY SECURITIES (Cost $7,197,890)** |  |  |  | 7116916 |

---

**SHORT-TERM INVESTMENTS - 7.1%**

---

| | | |
|:---|:---|:---|
| **U.S. Treasury Bills - 7.1%** | **Principal <br> Amount** | **Value** |
| U.S. Treasury Bill, 1/8/2026, 2.64%<sup>(k)</sup> | 7750000 | 7745514 |
| **TOTAL SHORT-TERM INVESTMENTS (Cost $7,716,063)** |  | 7745514 |
| **TOTAL INVESTMENTS - 98.4% (Cost $110,085,169)** |  | $106785324 |
| Other Assets in Excess of Liabilities - 1.6% |  | 1778771 |
| **TOTAL NET ASSETS - 100.0%** |  | $108564095 |
| Percentages are stated as a percent of net assets. |  |  |

---

PLC Public Limited Company

(a) Coupon
 rate is variable based on the weighted average coupon of the underlying collateral. To
 the extent the weighted average coupon of the underlying assets which comprise the collateral
 increases or decreases, the coupon rate of this security will increase or decrease correspondingly.
 The rate disclosed is as of December 31, 2025.

(b) Zero
 coupon bond issued at a discount.

(c) At
 maturity security. Interest is paid in full at the maturity date.

(d) Does
 not round to 0.1% or (0.1)%, as applicable.

(e) Sinkable
 security.

(f) Security
 exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended.
 These securities may be resold in transactions exempt from registration to qualified
 institutional investors. As of December 31, 2025, the value of these securities total
 $61,852 or 0.1% of the Fund's net assets.

(g) Exchange-traded.

(h) 100
 shares per contract.

(i) The
 tables within the Statement of Investments detail open purchased options.

(j) Non-income
 producing security.

(k) The
 rate shown is the annualized effective yield as of December 31, 2025.

**Voya Multi-Sector Income ETF**

**Schedule of Options Contracts**

**December 31, 2025 (Unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| **WRITTEN OPTIONS - 0.0%<sup>(a)(b)(c)</sup>** | **Counterparty** | **Contracts** | **Value** |
| **Payer Written Interest Rate Swaptions - 0.0%<sup>(a)</sup>** |  |  |  |
| Call on 10-Year Interest Rate Swap, Expiration: 5/20/2026; Exercise Rate: 2.300% | Morgan Stanley Capital Services LLC | EUR 3,289,000 | $(546) |
| **Total Payer Written Swaptions - Premium Received/(Paid) - $27,087** |  |  | (546) |

---

---

| | | | |
|:---|:---|:---|:---|
| **PURCHASED OPTIONS - 0.0%<sup>(a)(b)(c)</sup>** | **Counterparty** | **Contracts** | **Value** |
| **Receiver Purchased Interest Rate Swaptions - 0.0%<sup>(a)</sup>** |  |  |  |
| Call on 10-Year Interest Rate Swap, Expiration: 5/20/2026; Exercise Rate: 2.500% | Morgan Stanley Capital Services LLC | EUR 6,579,000 | 1197 |
| **Total Receiver Purchased Interest Rate Swaptions - Premium Received/(Paid) - $0** |  |  | 1197 |
| **Receiver Purchased Forward Premium Swaptions - 0.0%<sup>(a)</sup>** |  |  |  |
| Call on 30-Year Interest Rate Swap, Expiration: 6/14/2027; Exercise Rate: 17.500% | Barclays Bank PLC | USD 2,115,500 | 16718 |
| Call on 30-Year Interest Rate Swap, Expiration: 5/31/2027; Exercise Rate: 17.700% | Barclays Bank PLC | USD 740,000 | 4759 |
| **Total Receiver Forward Premium Swaptions - Premium Received/(Paid) – $(501193)** |  |  | 21477 |
| **Payer Purchased Forward Premium Swaptions - 0.0%<sup>(a)</sup>** |  |  |  |
| Put on 30-Year Interest Rate Swap, Expiration: 5/26/2027; Exercise Rate: 18.000% | Barclays Bank PLC | USD 5,914,400 | 21951 |
| **Total Payer Forward Premium Swaptions - Premium Received/(Paid) – $(1064592)** |  |  | 21951 |
| **Net Unrealized Appreciation (Depreciation)** |  |  | $44079 |

---

(a) Does
 not round to 0.1% or (0.1)%, as applicable.

(b) 100
 shares per contract.

(c) Exchange-traded.

**Voya Multi-Sector Income ETF**

**Schedule of Futures Contracts** 

**December 31, 2025 (Unaudited)**

The Voya Multi-Sector Income ETF had the following futures contracts outstanding with Morgan Stanley and Co., LLC as of December 31, 2025:

**FUTURES CONTRACTS - 0.0%<sup>(a)</sup>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Description** |<br>**Contracts**<br>**Purchased** | <br>**Expiration Date** |<br>**Notional Value** | **Value / Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| U.S. 10-Year Treasury Note | 93 | 03/20/2026 | $10504489 | $(47802) |
| U.S. 2-Year Treasury Note | 91 | 03/31/2026 | 19005667 | (5862) |
| U.S. 5-Year Treasury Note | 150 | 03/31/2026 | 16442710 | (47007) |
|  |  |  |  | (100671) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Description** | <br>**Contracts**<br>**Sold** | <br>**Expiration Date** | <br>**Notional Value** | **Value / Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| U.S. Treasury Long Bond | (32) | 03/20/2026 | $(3733932) | $34931 |
| U.S. Treasury Ultra 10-Year Note | (124) | 03/20/2026 | (14364368) | 102431 |
|  |  |  |  | 137362 |
| **Net Unrealized Appreciation (Depreciation)** |  |  |  | $36691 |

---

(a) Does
not round to 0.1% or (0.1)%, as applicable.

**Voya Multi-Sector Income ETF**

**Schedule of Swaps Contracts**

**December 31, 2025 (Unaudited)**

**CENTRALLY CLEARED CREDIT DEFAULT SWAPS - 1.1%**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| <br>**Reference Entity** | **Buy/Sell**<br>**Protection** | **(Pay)/Receive<br> Financing**<br>**Rate (%)** | **Payment**<br>**Frequency** | **Maturity**<br>**Date** |<br>**Notional Value** | **Value / Unrealized<br> Appreciation**<br>**(Depreciation)** |
| CDX High Yield Index Series 45, Version 1 | Sell | (5.000) | Quarterly | 12/20/2030 | $16000000 | $815367 |
| CDX Investment Grade Index Series 45, Version 1 | Sell | (1.000) | Quarterly | 12/20/2030 | 10700000 | 362299 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **OTC VOLITILITY SWAPS – 0.0%<sup>(a)</sup>** | **OTC VOLITILITY SWAPS – 0.0%<sup>(a)</sup>** | | | | | |
| <br>**Reference Entity** | <br>**Counterparty** | **Pay/ Receive** <br>**Volatility** | **Volatility**<br>**Strike Price** | **Maturity**<br>**Date** |<br>**Notional Value** | **Value / Unrealized<br> Appreciation**<br>**(Depreciation)** |
| USD vs BRL Spot Exchange Rate | Morgan Stanley Capital Services LLC | Receive | 15.300% | 01/06/2026 | $2570000 | $6018 |
| **Net Unrealized Appreciation<br> (Depreciation)** |  |  |  |  |  | $1183684 |

---

(a) Does
not round to 0.1% or (0.1)%, as applicable.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Tidal Trust IV

- **b. Investment Company Act file number:** 811-24061

- **c. CIK number of Registrant:** 0002043390

- **d. LEI of Registrant:** 2549002AJTPTPGECMC44

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

  - **Street Address 1:** 234 West Florida St

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8558432434

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

- **a. Name of Series:** Voya Multi-Sector Income ETF

- **b. EDGAR series identifier (if any):** S000096084

- **c. LEI of Series:** 254900YZ1T3CZTZMX633

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $114708767.88

**Total Liabilities:** $6144672.57

**Net Assets:** $108564095.31

**Cash Not Reported:** $104750.02

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -37.05 | **1-Year:** -5123.33 | **5-Year:** -19930.34 | **10-Year:** 4733.06 | **30-Year:** 3907.92

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

- **3-Month:** -0.55 | **1-Year:** -236.9 | **5-Year:** -6308.29 | **10-Year:** -1076.29 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000264871 |  |  | -1.80%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  |  |  |
| Month 2  |  |  |
| Month 3  | $-11627.29               | $-3465751.37                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CASH COLLATERAL MS                  | CASH COLLATERAL MS        | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             | RF                | US        |    -20000 | NS      | $-20000.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| CASH COLL GOLDMAN SACHS             | CASH COLL GOLDMAN SACHS   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    670000 | NS      | $670000.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| GAM 2022-FRR3 CK47 5/48             | GAM 2022-FRR3 CK47 5/48   | CUSIP: 36459DBU4<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |      2107 | PA      | $2086.29      | 0.00%             | 2048-05-27      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NAVSL 2019-A A2A 1/43               | NAVSL 2019-A A2A 1/43     | CUSIP: 63941BAB1<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | DBT              | USGSE             | US        |      3775 | PA      | $3766.14      | 0.00%             | 2043-01-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| PRIME 2007-1 A4 3/37                | PRIME 2007-1 A4 3/37      | CUSIP: 74162FAD7<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |      5225 | PA      | $4689.32      | 0.00%             | 2037-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WFMBS 2006-AR4 2A4 4/36             | WFMBS 2006-AR4 2A4 4/36   | CUSIP: 94983PAF5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |      5364 | PA      | $5315.25      | 0.00%             | 2036-04-25      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| SOFI 2018-D A2FX 2/48               | SOFI 2018-D A2FX 2/48     | CUSIP: 83401AAB4<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |      6811 | PA      | $6775.63      | 0.01%             | 2048-02-25      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AQFIT 2020-AA A 7/46                | AQFIT 2020-AA A 7/46      | CUSIP: 038413AA8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |      7651 | PA      | $7266.10      | 0.01%             | 2046-07-17      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| HERO 2015-2A A 9/40                 | HERO 2015-2A A 9/40       | CUSIP: 42770UAA1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |      7730 | PA      | $7547.21      | 0.01%             | 2040-09-20      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| WFALT 2007-PA2 2A1 6/37             | WFALT 2007-PA2 2A1 6/37   | CUSIP: 94985FAG3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |      7805 | PA      | $6891.33      | 0.01%             | 2037-06-25      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                  | UKRAINE GOVT MULTI 2/36   | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | US        |      8413 | PA      | $4995.10      | 0.00%             | 2036-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HOMEBANC                            | HMBT 2004-1 2A 8/29       | CUSIP: 43739EAB3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |      8765 | PA      | $8621.01      | 0.01%             | 2029-08-25      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| WFMBS 2007-AR7 A1 12/37             | WFMBS 2007-AR7 A1 12/37   | CUSIP: 94986KAA4<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |      9023 | PA      | $8174.87      | 0.01%             | 2037-12-28      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                  | UKRAINE GOVT MULTI 2/30   | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | US        |      9191 | PA      | $5460.54      | 0.01%             | 2030-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CFAB                                | CFAB 2003-5 2A2 7/33      | CUSIP: 161546GR1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |      9861 | PA      | $9896.87      | 0.01%             | 2033-07-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL INC.              | WAMU 2005-AR13 A1C3 10/45 | CUSIP: 92922F4V7<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     11335 | PA      | $10983.11     | 0.01%             | 2045-10-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| WAMU 2006-AR12 2A3 10/36            | WAMU 2006-AR12 2A3 10/36  | CUSIP: 93363NAH8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     11416 | PA      | $10387.47     | 0.01%             | 2036-10-25      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| JPMMT 2019-8 A15 3/50               | JPMMT 2019-8 A15 3/50     | CUSIP: 46591KBE2<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     12832 | PA      | $11640.12     | 0.01%             | 2050-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TRUST  | CWALT 2006-13T1 A9 5/36   | CUSIP: 12668BZK2<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     13919 | PA      | $6577.59      | 0.01%             | 2036-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CBSLT 2017-BGS A1 9/42              | CBSLT 2017-BGS A1 9/42    | CUSIP: 20268KAA8<br>LEI: 549300KDXV3I7WKXA522 | Long             | DBT              | USGSE             | US        |     14884 | PA      | $14098.70     | 0.01%             | 2042-09-25      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT                    | BALTA 2005-7 21A1 9/35    | CUSIP: 07386HVR9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     15383 | PA      | $11826.06     | 0.01%             | 2035-09-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| MSAIC 2018-2GS B 2/44               | MSAIC 2018-2GS B 2/44     | CUSIP: 61946LAB8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     16871 | PA      | $15413.14     | 0.01%             | 2044-02-22      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| RENAISSANCE HOME EQUITY LOAN TRUST  | RAMC 2005-3 AF4 11/35     | CUSIP: 75970NBE6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     18738 | PA      | $18749.68     | 0.02%             | 2035-11-25      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| CMLTI 2007-10 22AA 9/37             | CMLTI 2007-10 22AA 9/37   | CUSIP: 17313QAL2<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     18821 | PA      | $17709.97     | 0.02%             | 2037-09-25      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| CBSLT 2018-BGS B 9/45               | CBSLT 2018-BGS B 9/45     | CUSIP: 20268MAC0<br>LEI: 549300EJIXF1G1X7PN20 | Long             | DBT              | USGSE             | US        |     19676 | PA      | $17162.54     | 0.02%             | 2045-09-25      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| JPMMT 2019-2 A15 8/49               | JPMMT 2019-2 A15 8/49     | CUSIP: 46650TAQ5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     20102 | PA      | $19108.34     | 0.02%             | 2049-08-25      | Variable      | 3.99%                 | No            |                  2 | On Loan: No      |
| CBSLT 2020-AGS A 8/50               | CBSLT 2020-AGS A 8/50     | CUSIP: 20267WAA3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     20307 | PA      | $18316.07     | 0.02%             | 2050-08-25      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| CWALT 2007-23CB A3 9/37             | CWALT 2007-23CB A3 9/37   | CUSIP: 02151EAC6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     21358 | PA      | $7289.36      | 0.01%             | 2037-09-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| US TREASURY N 3.375 12/27           | US TREASURY N 3.375 12/27 | CUSIP: 91282CPS4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     21700 | PA      | $21661.43     | 0.02%             | 2027-12-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MSAIC 2018-1A A 6/43                | MSAIC 2018-1A A 6/43      | CUSIP: 61946FAA3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     22206 | PA      | $20988.17     | 0.02%             | 2043-06-22      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| TMIR 2021-3 M1B 2/34                | TMIR 2021-3 M1B 2/34      | CUSIP: 89600HAC3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     22618 | PA      | $22647.71     | 0.02%             | 2034-02-25      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL INC.              | WAMU 2005-AR11 A1C3 8/45  | CUSIP: 92922F2N7<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     24012 | PA      | $23353.50     | 0.02%             | 2045-08-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                  | UKRAINE GOVT MULTI 2/36   | CUSIP: 903724CG5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | US        |     24187 | PA      | $13779.32     | 0.01%             | 2036-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC 6.75 7/32              | ACRISURE LLC 6.75 7/32    | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25924.22     | 0.02%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQU 8.75 4/30           | CLYDESDALE ACQU 8.75 4/30 | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25431.55     | 0.02%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| DELL COMPUTER CORP.                 | DELL COMPUTER 7.1 4/28    | CUSIP: 247025AE9<br>LEI: 3E70L4WYANTIWWIPHC81 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26584.27     | 0.02%             | 2028-04-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP 4.5 11/29           | JANE STREET GRP 4.5 11/29 | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24698.48     | 0.02%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                | LIFEPOINT HEAL 8.375 2/32 | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     25000 | PA      | $27157.05     | 0.03%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LSEG US FIN CO 4.875 3/27           | LSEG US FIN CO 4.875 3/27 | CUSIP: 50222CAA8<br>LEI: 2138007FV67QQ13CGJ43 | Long             | DBT              | NUSS              | US        |     25000 | PA      | $25285.59     | 0.02%             | 2027-03-28      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GSMBS 2019-PJ2 A1 11/49             | GSMBS 2019-PJ2 A1 11/49   | CUSIP: 36257LAA5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     25277 | PA      | $23914.92     | 0.02%             | 2049-11-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TRUST  | CWALT 2004-J7 M1 10/34    | CUSIP: 12667FTE5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     26285 | PA      | $26226.72     | 0.02%             | 2034-10-25      | Variable      | 4.58%                 | No            |                  2 | On Loan: No      |
| JPMMT 2019-5 A3 11/49               | JPMMT 2019-5 A3 11/49     | CUSIP: 46591FAC8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     27621 | PA      | $26171.91     | 0.02%             | 2049-11-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                  | UKRAINE GOVT MULTI 2/35   | CUSIP: 903724CF7<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | US        |     29024 | PA      | $16439.62     | 0.02%             | 2035-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTRE 7.375 7/32           | HOWARD MIDSTRE 7.375 7/32 | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $31675.03     | 0.03%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER 7.5 9/31             | LIGHT & WONDER 7.5 9/31   | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31362.78     | 0.03%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TRUST  | CWALT 2005-65CB 2A4 12/35 | CUSIP: 12668AZ40<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     30500 | PA      | $20543.47     | 0.02%             | 2035-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                  | UKRAINE GOVT MULTI 2/29   | CUSIP: 903724BZ4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | US        |     33652 | PA      | $25236.08     | 0.02%             | 2029-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                  | UKRAINE GOVT MULTI 2/34   | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | US        |     34346 | PA      | $16396.95     | 0.02%             | 2034-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC              | ADVANCE AUTO P 7.375 8/33 | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35163.80     | 0.03%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC         | STARWOOD PROP TR 6.5 7/30 | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36638.35     | 0.03%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JPMMT 2019-1 A3 5/49                | JPMMT 2019-1 A3 5/49      | CUSIP: 46650HAC2<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     35234 | PA      | $33111.36     | 0.03%             | 2049-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MSAIC 2020-2A A 8/46                | MSAIC 2020-2A A 8/46      | CUSIP: 61946PAA1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     35914 | PA      | $30554.39     | 0.03%             | 2046-08-20      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUIL 8 9/28             | TRANSOCEAN AQUIL 8 9/28   | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     36154 | PA      | $37199.63     | 0.03%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES                   | AMSTED INDS 6.375 3/33    | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41356.96     | 0.04%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS 5.875 6/33           | CROWN AMERICAS 5.875 6/33 | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40946.36     | 0.04%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP            | HILCORP ENERGY 6.25 4/32  | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $37789.96     | 0.03%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                           | OLIN CORP 5 2/30          | CUSIP: 680665AK2<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39366.98     | 0.04%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRIMO/TRTON WAT 6.25 4/29           | PRIMO/TRTON WAT 6.25 4/29 | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40342.36     | 0.04%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                        | SM ENERGY CO 7 8/32       | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39347.94     | 0.04%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                 | VIAVI SOLUTION 3.75 10/29 | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38325.19     | 0.04%             | 2029-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANC 6.125 9/32           | PERRIGO FINANC 6.125 9/32 | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | NUSS              | US        |     40000 | PA      | $38999.41     | 0.04%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                       | CMLTI 2006-AR2 1A1 3/36   | CUSIP: 17307G6K9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     41093 | PA      | $30504.70     | 0.03%             | 2036-03-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| MSAIC 2021-1A B 12/46               | MSAIC 2021-1A B 12/46     | CUSIP: 61947DAB5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     43226 | PA      | $34990.00     | 0.03%             | 2046-12-20      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTRE 5.375 6/29           | ANTERO MIDSTRE 5.375 6/29 | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45029.73     | 0.04%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC 6.875 8/32               | ARCOSA INC 6.875 8/32     | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47609.75     | 0.04%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                   | HERC HOLDINGS 7.25 6/33   | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47839.30     | 0.04%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP            | HILCORP ENERGY I 6 4/30   | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $43901.05     | 0.04%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC 9 10/30             | STAR PARENT INC 9 10/30   | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |     45000 | PA      | $48084.64     | 0.04%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                          | TEREX CORP 6.25 10/32     | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46201.64     | 0.04%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                        | US FOODS INC 5.75 4/33    | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45877.87     | 0.04%             | 2033-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NUFARM AU LTD/AM 5 1/30             | NUFARM AU LTD/AM 5 1/30   | CUSIP: 67052NAB1<br>LEI: N/A                  | Long             | DBT              | NUSS              | US        |     45000 | PA      | $41416.80     | 0.04%             | 2030-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIF 2020-1A A 9/45                 | CLIF 2020-1A A 9/45       | CUSIP: 12563LAN7<br>LEI: 549300NQLBWJD5AREU05 | Long             | DBT              | USGSE             | US        |     46996 | PA      | $44418.53     | 0.04%             | 2045-09-18      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| API GROUP DE I 4.125 7/29           | API GROUP DE I 4.125 7/29 | CUSIP: 001877AA7<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48860.43     | 0.04%             | 2029-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW 6.75 3/29                | AAR ESCROW 6.75 3/29      | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51763.55     | 0.05%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC              | ADVANCE AUTO PAR 7 8/30   | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50464.85     | 0.05%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                         | CHEMOURS CO 5.75 11/28    | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48667.01     | 0.04%             | 2028-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURC 8.75 7/31           | CIVITAS RESOURC 8.75 7/31 | CUSIP: 17888HAB9<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51932.56     | 0.05%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESR O 5.875 7/29           | PERMIAN RESR O 5.875 7/29 | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50457.56     | 0.05%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DEERE & CO                          | DEERE & CO 6.55 10/28     | CUSIP: 244199AW5<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52845.44     | 0.05%             | 2028-10-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN/DT 5.875 8/27           | DIRECTV FIN/DT 5.875 8/27 | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50321.80     | 0.05%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC              | ENERGIZER HLDGS 6 9/33    | CUSIP: 29272WAG4<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48011.77     | 0.04%             | 2033-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EXPRESS SCRIPTS HOLDING CO          | EXPRESS SCRIPTS 3.4 3/27  | CUSIP: 30219GAN8<br>LEI: 5493003UA6VMND084504 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49712.21     | 0.05%             | 2027-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                     | FAIR ISAAC CORP 6 5/33    | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51521.45     | 0.05%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION IN 5.5 5/28           | FTAI AVIATION IN 5.5 5/28 | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50166.10     | 0.05%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTG 12.25 10/30           | FREEDOM MORTG 12.25 10/30 | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     50000 | PA      | $55489.41     | 0.05%             | 2030-10-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| GCI LLC 4.75 10/28                  | GCI LLC 4.75 10/28        | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48798.21     | 0.04%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GARRETT MOT/SAR 7.75 5/32           | GARRETT MOT/SAR 7.75 5/32 | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $53178.44     | 0.05%             | 2032-05-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO              | GEN MOTORS FIN 1.25 1/26  | CUSIP: 37045XDD5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49975.88     | 0.05%             | 2026-01-08      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER              | GOODYEAR TIRE 6.625 7/30  | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51238.00     | 0.05%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HCA INC                             | HCA INC 5.25 6/26         | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50040.06     | 0.05%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INTL BUSINESS MACHINES CORP         | IBM CORP 4.5 2/26         | CUSIP: 459200KW0<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50031.93     | 0.05%             | 2026-02-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE 1.05 6/27            | JPMORGAN CHASE 1.05 6/27  | CUSIP: 48128GZ37<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48018.03     | 0.04%             | 2027-06-23      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC               | LEVEL 3 FIN IN 4.875 6/29 | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48812.50     | 0.04%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL              | NEXTERA ENERGY 4.95 1/26  | CUSIP: 65339KCS7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50031.59     | 0.05%             | 2026-01-29      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                       | PRA GROUP INC 5 10/29     | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47061.11     | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESR OP 6.25 2/33           | PERMIAN RESR OP 6.25 2/33 | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51319.20     | 0.05%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                    | T-MOBILE USA IN 4.75 2/28 | CUSIP: 87264AAV7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50021.88     | 0.05%             | 2028-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR 5.75 7/27           | AVIS BUDGET CAR 5.75 7/27 | CUSIP: U05375AQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50274.18     | 0.05%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO 5.75 11/28              | CHEMOURS CO 5.75 11/28    | CUSIP: U16309AH6<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48667.01     | 0.04%             | 2028-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TENNECO INC 8 11/28                 | TENNECO INC 8 11/28       | CUSIP: U88037AH6<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50193.99     | 0.05%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINE 4.375 4/26           | UNITED AIRLINE 4.375 4/26 | CUSIP: U9094LAC2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49967.54     | 0.05%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IBM INT CAPITAL 4.7 2/26            | IBM INT CAPITAL 4.7 2/26  | CUSIP: 449276AA2<br>LEI: 2549007KTXQQBYZO7485 | Long             | DBT              | NUSS              | US        |     50000 | PA      | $50027.92     | 0.05%             | 2026-02-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDS 6.75 7/32           | NORTHRIVER MIDS 6.75 7/32 | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | NUSS              | US        |     50000 | PA      | $51014.05     | 0.05%             | 2032-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRI CI 4.28 11/26           | CREDIT AGRI CI 4.28 11/26 | CUSIP: F227AQR97<br>LEI: 1VUV7VQFKUOQSJ21A208 | Long             | DBT              | NUSS              | US        |     50000 | PA      | $50015.02     | 0.05%             | 2026-11-27      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| LPSLT 2021-1GS A 1/48               | LPSLT 2021-1GS A 1/48     | CUSIP: 53948PAA6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     50435 | PA      | $42721.28     | 0.04%             | 2048-01-20      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| LPSLT 2020-2GF A 7/47               | LPSLT 2020-2GF A 7/47     | CUSIP: 53948KAA7<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     51187 | PA      | $43803.39     | 0.04%             | 2047-07-20      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                  | ALLY FINANCIAL 6.7 2/33   | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57622.97     | 0.05%             | 2033-02-14      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATI 6.75 10/32           | ALPHA GENERATI 6.75 10/32 | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56873.36     | 0.05%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDING 7.25 8/32           | AMENTUM HOLDING 7.25 8/32 | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |     55000 | PA      | $58004.32     | 0.05%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC -CL A        | CACI INTL INC 6.375 6/33  | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56976.08     | 0.05%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC              | ENERGIZER HLDGS 4.75 6/28 | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54596.97     | 0.05%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GATES CORP/DE 6.875 7/29            | GATES CORP/DE 6.875 7/29  | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57185.15     | 0.05%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC                 | GRAY MEDIA 9.625 7/32     | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57270.40     | 0.05%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                   | HERC HOLDINGS 7 6/30      | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57914.36     | 0.05%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP 7.375 2/30              | MCAFEE CORP 7.375 2/30    | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48022.84     | 0.04%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                   | NEWELL BRANDS 6.625 5/32  | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53434.22     | 0.05%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN 7.875 12/29            | PENNYMAC FIN 7.875 12/29  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     55000 | PA      | $58557.55     | 0.05%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN S 6.875 2/33           | PENNYMAC FIN S 6.875 2/33 | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57455.90     | 0.05%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP              | SUNOCO LP/FIN 4.5 4/30    | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $53750.41     | 0.05%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TIA 2016-1A ARR 7/31                | TIA 2016-1A ARR 7/31      | CUSIP: 87271LAY8<br>LEI: 549300SWQCCOXV4X1761 | Long             | DBT              | USGSE             | US        |     58287 | PA      | $58287.47     | 0.05%             | 2031-07-20      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LOAN TRUST  | CWALT 2005-J2 1A12 4/35   | CUSIP: 12667F6H3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     58333 | PA      | $44821.73     | 0.04%             | 2035-04-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| STACR 2021-DNA5 M2 1/34             | STACR 2021-DNA5 M2 1/34   | CUSIP: 35564KHE2<br>LEI: 5493000ISU5NYXNHD479 | Long             | DBT              | USGSE             | US        |     58595 | PA      | $58767.69     | 0.05%             | 2034-01-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                  | UKRAINE GOVT MULTI 2/34   | CUSIP: 903724CA8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | US        |     58890 | PA      | $36235.45     | 0.03%             | 2034-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BELLRING DISTRIB 7 3/30             | BELLRING DISTRIB 7 3/30   | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62079.08     | 0.06%             | 2030-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                      | BRINK'S CO/THE 6.75 6/32  | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62849.34     | 0.06%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CPI CG INC 10 7/29                  | CPI CG INC 10 7/29        | CUSIP: 12598FAC3<br>LEI: 254900H3R50WH1B1LB48 | Long             | DBT              | CORP              | US        |     60000 | PA      | $63853.72     | 0.06%             | 2029-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                    | CINEMARK USA 7 8/32       | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62318.40     | 0.06%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUT 7.125 11/30           | CIPHER COMPUT 7.125 11/30 | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $61183.97     | 0.06%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                   | CLEAN HARBORS 6.375 2/31  | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61851.78     | 0.06%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CLD SFTWR GRP 6.625 8/33            | CLD SFTWR GRP 6.625 8/33  | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59500.64     | 0.05%             | 2033-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERME 7.5 6/31           | FORTRESS INTERME 7.5 6/31 | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62653.32     | 0.06%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER 7.25 8/32           | LIGHTNING POWER 7.25 8/32 | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |     60000 | PA      | $63842.76     | 0.06%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                    | MGM RESORTS 6.5 4/32      | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61854.01     | 0.06%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC 9.5 4/29             | NCR ATLEOS LLC 9.5 4/29   | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |     60000 | PA      | $65154.96     | 0.06%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                        | NAVIENT CORP 4.875 3/28   | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59374.89     | 0.05%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDIN 4.25 3/29           | PLAYTIKA HOLDIN 4.25 3/29 | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |     60000 | PA      | $53857.65     | 0.05%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS                      | SALLY HLD/SAL C 6.75 3/32 | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62729.61     | 0.06%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP 5.875 3/34                | SUNOCO LP 5.875 3/34      | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60022.67     | 0.06%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VFH PARENT / VAL 7.5 6/31           | VFH PARENT / VAL 7.5 6/31 | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62993.76     | 0.06%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 7.625 1/32             | WAND NEWCO 3 7.625 1/32   | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |     60000 | PA      | $63533.88     | 0.06%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| WEEKLEY HM LLC 4.875 9/28           | WEEKLEY HM LLC 4.875 9/28 | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $59218.21     | 0.05%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN LT 7.875 10/32           | TRANSOCEAN LT 7.875 10/32 | CUSIP: 893814AA1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | NUSS              | US        |     60000 | PA      | $62948.16     | 0.06%             | 2032-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UBSCM 2019-C17 A4 10/52             | UBSCM 2019-C17 A4 10/52   | CUSIP: 90278MBA4<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     60000 | PA      | $56984.89     | 0.05%             | 2052-10-15      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| ARCHROCK LP/FIN 6.25 4/28           | ARCHROCK LP/FIN 6.25 4/28 | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $65428.35     | 0.06%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS            | CHS/COMMUNITY 5.25 5/30   | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     65000 | PA      | $61159.76     | 0.06%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIF 4.625 3/29           | CLEVELAND-CLIF 4.625 3/29 | CUSIP: 185899AK7<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64061.20     | 0.06%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FREE MTGE HOLD 8.375 4/32           | FREE MTGE HOLD 8.375 4/32 | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     65000 | PA      | $68517.16     | 0.06%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTR 7.5 4/32            | GLOBAL INFRASTR 7.5 4/32  | CUSIP: 37960XAB3<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |     65000 | PA      | $69644.17     | 0.06%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL 6.125 3/32            | MACY'S RETAIL 6.125 3/32  | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $65878.93     | 0.06%             | 2032-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA 4.75 9/29            | MURPHY OIL USA 4.75 9/29  | CUSIP: 626738AE8<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64850.57     | 0.06%             | 2029-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH 7.375 6/31            | SOTERA HEALTH 7.375 6/31  | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |     65000 | PA      | $68653.46     | 0.06%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VICTORIA'S SEC 4.625 7/29           | VICTORIA'S SEC 4.625 7/29 | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63096.33     | 0.06%             | 2029-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT 9.25 7/32            | VOYAGER PARENT 9.25 7/32  | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |     65000 | PA      | $69007.12     | 0.06%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS              | ADIENT GLOBAL HO 7.5 2/33 | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | NUSS              | US        |     65000 | PA      | $67132.51     | 0.06%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SEMT 2019-4 A19 11/49               | SEMT 2019-4 A19 11/49     | CUSIP: 81748JAU9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     66161 | PA      | $60224.46     | 0.06%             | 2049-11-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                  | UKRAINE GOVT MULTI 2/35   | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | US        |     67303 | PA      | $40560.94     | 0.04%             | 2035-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CWALT 2006-19CB A12 8/36            | CWALT 2006-19CB A12 8/36  | CUSIP: 02147QAM4<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     69035 | PA      | $29168.20     | 0.03%             | 2036-08-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC            | ACADIA HEALTH 5.5 7/28    | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69680.16     | 0.06%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER IN 4.25 6/28           | ARCHES BUYER IN 4.25 6/28 | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68754.20     | 0.06%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIF 7.625 1/34           | CLEVELAND-CLIF 7.625 1/34 | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73205.02     | 0.07%             | 2034-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                          | DAVITA INC 4.625 6/30     | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68104.11     | 0.06%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP 5 2/30                 | EMBECTA CORP 5 2/30       | CUSIP: 29082KAA3<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |     70000 | PA      | $66964.67     | 0.06%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENRGY 7.625 4/32           | CRESCENT ENRGY 7.625 4/32 | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67913.80     | 0.06%             | 2032-04-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERV 7.25 2/29           | KODIAK GAS SERV 7.25 2/29 | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72873.57     | 0.07%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                        | NOVELIS CORP 4.75 1/30    | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67668.68     | 0.06%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                 | SELECT MEDICAL 6.25 12/32 | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68494.06     | 0.06%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS 6.75 8/32           | SHIFT4 PAYMENTS 6.75 8/32 | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $72312.31     | 0.07%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE 7.25 3/32            | STONEPEAK NILE 7.25 3/32  | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |     70000 | PA      | $74162.34     | 0.07%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FI 6.25 3/33           | WYNN RESORTS FI 6.25 3/33 | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $71639.92     | 0.07%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE              | AMERICAN HONDA 4.55 7/27  | CUSIP: 02665WGD7<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |     73000 | PA      | $73733.37     | 0.07%             | 2027-07-09      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FSMT 2018-1 B3 3/48                 | FSMT 2018-1 B3 3/48       | CUSIP: 33850TBA5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     74040 | PA      | $68814.35     | 0.06%             | 2048-03-25      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| SNVA 2021-1 A 4/56                  | SNVA 2021-1 A 4/56        | CUSIP: 86745QAA9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     74824 | PA      | $64067.52     | 0.06%             | 2056-04-28      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC 7.5 11/30              | ACRISURE LLC 7.5 11/30    | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $78381.38     | 0.07%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC            | ALLISON TRANS 5.875 12/33 | CUSIP: 019736AH0<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76262.37     | 0.07%             | 2033-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP 6.25 11/31              | AVIENT CORP 6.25 11/31    | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77139.15     | 0.07%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CAESARS ENT 4.625 10/29             | CAESARS ENT 4.625 10/29   | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     75000 | PA      | $71992.03     | 0.07%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CAESARS ENT 7 2/30                  | CAESARS ENT 7 2/30        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77709.52     | 0.07%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                       | CARNIVAL CORP 5.75 8/32   | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77081.33     | 0.07%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                          | DAVITA INC 6.75 7/33      | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77825.47     | 0.07%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS ESCROW 5.95 6/30           | ENTEGRIS ESCROW 5.95 6/30 | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76556.66     | 0.07%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHAS 7.875 3/31           | FIESTA PURCHAS 7.875 3/31 | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $78597.90     | 0.07%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                   | IRON MOUNTAIN 5.25 7/30   | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74151.36     | 0.07%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                   | IRON MOUNTAIN 6.25 1/33   | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75676.25     | 0.07%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC               | LEVEL 3 FIN IN 6.875 6/33 | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76781.18     | 0.07%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA 4.625 3/30           | OUTFRONT MEDIA 4.625 3/30 | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $73419.08     | 0.07%             | 2030-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                   | POST HOLDINGS 4.625 4/30  | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73100.12     | 0.07%             | 2030-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                   | POST HOLDINGS 6.25 10/34  | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75486.80     | 0.07%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISI 6.875 11/31           | RAVEN ACQUISI 6.875 11/31 | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $77354.40     | 0.07%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC 6.125 8/30           | ROCKET COS INC 6.125 8/30 | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $77593.88     | 0.07%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SC GAMES HLD/F 6.625 3/30           | SC GAMES HLD/F 6.625 3/30 | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $66710.30     | 0.06%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOL 3.75 2/31           | SENSATA TECHNOL 3.75 2/31 | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |     75000 | PA      | $70429.89     | 0.06%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                   | SERVICE CORP 5.75 10/32   | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76424.24     | 0.07%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC             | TALEN ENERGY SU 6.25 2/34 | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76766.33     | 0.07%             | 2034-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TEMPUR SEALY INTL INC               | SOMNIGROUP IN 3.875 10/31 | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |     75000 | PA      | $70283.45     | 0.06%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM             | UNITED RENTAL 6.125 3/34  | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78219.23     | 0.07%             | 2034-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE L 7.75 10/30           | WULF COMPUTE L 7.75 10/30 | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $77325.63     | 0.07%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| OBX 2019-INV2 A25 5/49              | OBX 2019-INV2 A25 5/49    | CUSIP: 67112VBB0<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     79579 | PA      | $74660.51     | 0.07%             | 2049-05-27      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQU 6.75 4/32           | CLYDESDALE ACQU 6.75 4/32 | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82315.55     | 0.08%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE 8 3/33               | EQUIPMENTSHARE 8 3/33     | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     80000 | PA      | $84295.20     | 0.08%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HLD 5.625 8/29           | MIDAS OPCO HLD 5.625 8/29 | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78083.42     | 0.07%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC 6.25 4/33           | GEN DIGITAL INC 6.25 4/33 | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82836.64     | 0.08%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE 6.5 3/33            | ONEMAIN FINANCE 6.5 3/33  | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81087.36     | 0.07%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HL 7 2/30             | PARK INTERMED HL 7 2/30   | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $82411.76     | 0.08%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SPRINGLEAF FINANCE CORP             | SPRINGLEAF FI 5.375 11/29 | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80097.42     | 0.07%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AMERISOURCEBERGEN CORP              | CENCORA INC 4.625 12/27   | CUSIP: 03073EAV7<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |     83000 | PA      | $84137.79     | 0.08%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WAMU 2007-HY2 1A1 12/36             | WAMU 2007-HY2 1A1 12/36   | CUSIP: 92926UAA9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     83302 | PA      | $78971.99     | 0.07%             | 2036-12-25      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP             | JOHN DEERE CAP 4.5 1/27   | CUSIP: 24422EXF1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     84000 | PA      | $84667.62     | 0.08%             | 2027-01-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                      | ELI LILLY & CO 4.15 8/27  | CUSIP: 532457CP1<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     84000 | PA      | $84681.46     | 0.08%             | 2027-08-14      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL              | MARRIOTT INTL 4.2 7/27    | CUSIP: 571903BV4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     84000 | PA      | $84368.22     | 0.08%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                         | GAP INC/THE 3.875 10/31   | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     85000 | PA      | $78666.51     | 0.07%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER 4.75 5/29              | IMOLA MERGER 4.75 5/29    | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $83968.08     | 0.08%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JANE STREET G 6.125 11/32           | JANE STREET G 6.125 11/32 | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $86556.86     | 0.08%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| KROGER CO                           | KROGER CO 3.7 8/27        | CUSIP: 501044DJ7<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84770.76     | 0.08%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                | LIFEPOINT HEAL 9.875 8/30 | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     85000 | PA      | $91603.65     | 0.08%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                      | NRG ENERGY INC 6.25 11/34 | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87366.49     | 0.08%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATI 7.75 10/31           | VISTRA OPERATI 7.75 10/31 | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     85000 | PA      | $90070.01     | 0.08%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                      | AMAZON.COM INC 3.3 4/27   | CUSIP: 023135CF1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     86000 | PA      | $85695.74     | 0.08%             | 2027-04-13      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                        | COMCAST CORP 3.3 4/27     | CUSIP: 20030NDK4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     86000 | PA      | $85472.78     | 0.08%             | 2027-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE             | PROCTER & GAMBLE 2.8 3/27 | CUSIP: 742718FG9<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |     86000 | PA      | $85000.17     | 0.08%             | 2027-03-25      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| LPSLT 2021-2GS A 3/48               | LPSLT 2021-2GS A 3/48     | CUSIP: 53948QAA4<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     86651 | PA      | $70843.10     | 0.07%             | 2048-03-20      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| CIM 2019-J2 A13 10/49               | CIM 2019-J2 A13 10/49     | CUSIP: 12558TAN7<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     86991 | PA      | $78805.76     | 0.07%             | 2049-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGI 1.4 9/27           | ROPER TECHNOLOGI 1.4 9/27 | CUSIP: 776743AN6<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |     89000 | PA      | $85288.03     | 0.08%             | 2027-09-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN               | ICAHN ENTER/FIN 10 11/29  | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $90049.02     | 0.08%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| KINETIK HLDING 5.875 6/30           | KINETIK HLDING 5.875 6/30 | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90849.78     | 0.08%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOODS 4.625 3/29            | SIMMONS FOODS 4.625 3/29  | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $86827.56     | 0.08%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY 8.875 11/31            | SMYRNA READY 8.875 11/31  | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |     90000 | PA      | $96333.10     | 0.09%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                 | STATION CAS 4.5 2/28      | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89309.49     | 0.08%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SUMMIT MIDSTR 8.625 10/29           | SUMMIT MIDSTR 8.625 10/29 | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $93375.90     | 0.09%             | 2029-10-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                     | YUM! BRANDS IN 3.625 3/31 | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |     90000 | PA      | $85242.25     | 0.08%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SYMP 2015-16A ARR 10/31             | SYMP 2015-16A ARR 10/31   | CUSIP: 87165VAX7<br>LEI: 5493004PWOYFPAFQVT02 | Long             | DBT              | USGSE             | US        |     91044 | PA      | $91089.94     | 0.08%             | 2031-10-15      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| CWALT 2007-2CB 2A1 3/37             | CWALT 2007-2CB 2A1 3/37   | CUSIP: 02149HAR1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     91908 | PA      | $35802.21     | 0.03%             | 2037-03-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| JPMMT 2018-8 A13 1/49               | JPMMT 2018-8 A13 1/49     | CUSIP: 46650MAN7<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     92240 | PA      | $86370.49     | 0.08%             | 2049-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN            | ASCENT RESOUR/ 5.875 6/29 | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $95616.93     | 0.09%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| L BRANDS INC                        | L BRANDS INC 6.75 7/36    | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94403.22     | 0.09%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC 4.125 2/30            | OPEN TEXT INC 4.125 2/30  | CUSIP: 683720AA4<br>LEI: N/A                  | Long             | DBT              | NUSS              | US        |     95000 | PA      | $90866.20     | 0.08%             | 2030-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GAM 2022-FRR3 DK47 5/48             | GAM 2022-FRR3 DK47 5/48   | CUSIP: 36459DBW0<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |     95000 | PA      | $92508.17     | 0.09%             | 2048-05-27      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC            | BUILDERS FIRST 6.375 6/32 | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103682.58    | 0.10%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CELANESE US HLD 6.75 4/33           | CELANESE US HLD 6.75 4/33 | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99566.91     | 0.09%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION 5.875 4/33            | FTAI AVIATION 5.875 4/33  | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101711.89    | 0.09%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC 6.375 8/33           | ROCKET COS INC 6.375 8/33 | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $104387.18    | 0.10%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                 | NCL CORP 5.875 2/27       | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | NUSS              | US        |    100000 | PA      | $100450.48    | 0.09%             | 2027-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAS 2020-R02 2B1 1/40               | CAS 2020-R02 2B1 1/40     | CUSIP: 20754WAC9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    100000 | PA      | $101736.11    | 0.09%             | 2040-01-25      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| GNR 2015-42 IY 8/39                 | GNR 2015-42 IY 8/39       | CUSIP: 38379LAN6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | USGA              | US        |    102123 | PA      | $3339.25      | 0.00%             | 2039-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GSMBS 2020-NQM1 A2 9/60             | GSMBS 2020-NQM1 A2 9/60   | CUSIP: 36259WAB7<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    102180 | PA      | $97330.51     | 0.09%             | 2060-09-27      | Variable      | 1.79%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / E 6.625 12/30           | EMRLD BOR / E 6.625 12/30 | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $109575.25    | 0.10%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WILLIAMS                            | WILLIAMS SCOT 7.375 10/31 | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109758.35    | 0.10%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FNR 2018-86 DS 12/48                | FNR 2018-86 DS 12/48      | CUSIP: 3136B3TM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    105578 | PA      | $10869.16     | 0.01%             | 2048-12-25      | Variable      | 2.11%                 | No            |                  2 | On Loan: No      |
| MERCK & CO. INC.                    | MERCK & CO INC 3.85 9/27  | CUSIP: 58933YBP9<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    106000 | PA      | $106492.52    | 0.10%             | 2027-09-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN            | HILTON DOMESTIC 5.75 9/33 | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112631.20    | 0.10%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY 6.5 6/33             | RHP HOTEL PPTY 6.5 6/33   | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $114788.52    | 0.11%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                       | TRANSDIGM INC 6.625 3/32  | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114589.97    | 0.11%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                       | TRANSDIGM INC 6.375 5/33  | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112945.58    | 0.10%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                       | TRANSDIGM INC 6.75 1/34   | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114655.11    | 0.11%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NEW GOLD                            | NEW GOLD INC 6.875 4/32   | CUSIP: 644535AJ5<br>LEI: 5493005G0GNCHP0H6L96 | Long             | DBT              | NUSS              | US        |    110000 | PA      | $117267.92    | 0.11%             | 2032-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WMALT 2006-AR6 2A 8/46              | WMALT 2006-AR6 2A 8/46    | CUSIP: 93935FAC5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    111720 | PA      | $65224.03     | 0.06%             | 2046-08-25      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| CIM 2019-INV2 A3 5/49               | CIM 2019-INV2 A3 5/49     | CUSIP: 12554TAC5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    111851 | PA      | $106062.69    | 0.10%             | 2049-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC             | STANDRD INDS N 3.375 1/31 | CUSIP: 853496AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $105798.40    | 0.10%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JPMMT 2020-5 A15 12/50              | JPMMT 2020-5 A15 12/50    | CUSIP: 46653JBM2<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    116724 | PA      | $102315.79    | 0.09%             | 2050-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| INSULET CORP                        | INSULET CORP 6.5 4/33     | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    120000 | PA      | $125545.20    | 0.12%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RTX CORP 7.2 8/27                   | RTX CORP 7.2 8/27         | CUSIP: 75513EBY6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126141.56    | 0.12%             | 2027-08-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL 6.5 1/34             | VENTURE GLOBAL 6.5 1/34   | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122970.00    | 0.11%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL 8.375 6/31           | VENTURE GLOBAL 8.375 6/31 | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119440.17    | 0.11%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FHS 239 S30 8/36                    | FHS 239 S30 8/36          | CUSIP: 31282YNU9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    120076 | PA      | $16443.04     | 0.02%             | 2036-08-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP               | NORFOLK SOUTHERN 7.8 5/27 | CUSIP: 655844AJ7<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    122000 | PA      | $128281.83    | 0.12%             | 2027-05-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| TENNESSE GAS PIPELINE               | TENNESSEE GAS PL 7 3/27   | CUSIP: 880451AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    122000 | PA      | $126445.64    | 0.12%             | 2027-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND 5.197 6/27           | INGERSOLL RAND 5.197 6/27 | CUSIP: 45687VAC0<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    124000 | PA      | $126052.68    | 0.12%             | 2027-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH IN 5.4 1/27           | L3HARRIS TECH IN 5.4 1/27 | CUSIP: 502431AP4<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    124000 | PA      | $125849.76    | 0.12%             | 2027-01-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                      | ELI LILLY 5.5 3/27        | CUSIP: 532457AZ1<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    124000 | PA      | $126716.94    | 0.12%             | 2027-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDING 6.5 10/31           | ALLIANT HOLDING 6.5 10/31 | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $129054.38    | 0.12%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL 4.5 1/27           | CATERPILLAR FINL 4.5 1/27 | CUSIP: 14913UAV2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126064.93    | 0.12%             | 2027-01-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                    | DUKE ENERGY COR 4.85 1/27 | CUSIP: 26441CCB9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126218.20    | 0.12%             | 2027-01-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE 5.65 11/27            | GE HEALTHCARE 5.65 11/27  | CUSIP: 36267VAF0<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128812.48    | 0.12%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| RYDER SYS 7.32% 11/01/00            | RYDER SYSTEM INC 5.3 3/27 | CUSIP: 78355HLA5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126864.07    | 0.12%             | 2027-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL 8.125 6/28           | VENTURE GLOBAL 8.125 6/28 | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126680.45    | 0.12%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY               | WELLS FARGO CO 4.9 1/28   | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126089.49    | 0.12%             | 2028-01-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ROYAL CARRIBBEAN                    | ROYAL CARIBBEA 5.375 7/27 | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | NUSS              | US        |    125000 | PA      | $125994.21    | 0.12%             | 2027-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                  | VIK CRUISES L 5.875 10/33 | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | NUSS              | US        |    125000 | PA      | $126972.38    | 0.12%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA IN 4.405 2/27           | CHEVRON USA IN 4.405 2/27 | CUSIP: 166756AZ9<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |    126000 | PA      | $127046.25    | 0.12%             | 2027-02-26      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                   | GENERAL MILLS IN 4.7 1/27 | CUSIP: 370334CX0<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    126000 | PA      | $126994.86    | 0.12%             | 2027-01-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL         | PHILIP MORRIS 5.125 11/27 | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    126000 | PA      | $128842.82    | 0.12%             | 2027-11-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS INC          | ZIMMER BIOMET 4.7 2/27    | CUSIP: 98956PBA9<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |    126000 | PA      | $127101.84    | 0.12%             | 2027-02-19      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JPMMT 2020-3 A15 8/50               | JPMMT 2020-3 A15 8/50     | CUSIP: 46592ABH6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    126095 | PA      | $113622.42    | 0.10%             | 2050-08-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON AND CO             | BECTON DICKINSON 3.7 6/27 | CUSIP: 075887BW8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    127000 | PA      | $126535.26    | 0.12%             | 2027-06-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                       | CITIGROUP INC 3.887 1/28  | CUSIP: 172967LD1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    127000 | PA      | $126813.08    | 0.12%             | 2028-01-10      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| EBAY INC                            | EBAY INC 3.6 6/27         | CUSIP: 278642AU7<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    127000 | PA      | $126411.04    | 0.12%             | 2027-06-05      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHAS 4.505 10/28           | JPMORGAN CHAS 4.505 10/28 | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    127000 | PA      | $128279.55    | 0.12%             | 2028-10-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES IN            | KEYSIGHT TECHNOL 4.6 4/27 | CUSIP: 49338LAE3<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    127000 | PA      | $127717.02    | 0.12%             | 2027-04-06      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MPLX LP                             | MPLX LP 4.125 3/27        | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    127000 | PA      | $127108.89    | 0.12%             | 2027-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                   | STATE STREET C 4.543 4/28 | CUSIP: 857477DA8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    127000 | PA      | $128116.50    | 0.12%             | 2028-04-24      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                        | SYNOPSYS INC 4.55 4/27    | CUSIP: 871607AA5<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    127000 | PA      | $127967.18    | 0.12%             | 2027-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS              | VERIZON COMM I 4.125 3/27 | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    127000 | PA      | $127362.79    | 0.12%             | 2027-03-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ROYAL BK CANAD 4.715 3/28           | ROYAL BK CANAD 4.715 3/28 | CUSIP: 78017DAF5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | NUSS              | US        |    127000 | PA      | $128126.20    | 0.12%             | 2028-03-27      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| AUTODESK INC                        | AUTODESK INC 3.5 6/27     | CUSIP: 052769AE6<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |    128000 | PA      | $127271.65    | 0.12%             | 2027-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                 | CARDINAL HEALTH 3.41 6/27 | CUSIP: 14149YBJ6<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    128000 | PA      | $127159.79    | 0.12%             | 2027-06-15      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                 | DOMINION ENERGY 3.6 3/27  | CUSIP: 25746UDF3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    128000 | PA      | $127452.74    | 0.12%             | 2027-03-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                      | LOWE'S COS INC 3.95 10/27 | CUSIP: 548661ET0<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    128000 | PA      | $128182.19    | 0.12%             | 2027-10-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NORTHWEST PIPELN 4 4/27             | NORTHWEST PIPELN 4 4/27   | CUSIP: 66775VAB1<br>LEI: 549300FFKMN9OW536A14 | Long             | DBT              | CORP              | US        |    128000 | PA      | $128007.32    | 0.12%             | 2027-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK NOVA SCOT 4.043 9/28           | BANK NOVA SCOT 4.043 9/28 | CUSIP: 06418GAU1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | NUSS              | US        |    128000 | PA      | $128060.90    | 0.12%             | 2028-09-15      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| ROYAL BK CANA 3.995 11/28           | ROYAL BK CANA 3.995 11/28 | CUSIP: 78017DAN8<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | NUSS              | US        |    128000 | PA      | $128172.56    | 0.12%             | 2028-11-03      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE 3.4 3/27            | CIGNA GROUP/THE 3.4 3/27  | CUSIP: 125523CB4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    129000 | PA      | $128257.50    | 0.12%             | 2027-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CARLISLE COS INC                    | CARLISLE COS I 3.75 12/27 | CUSIP: 142339AH3<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |    129000 | PA      | $128437.56    | 0.12%             | 2027-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CONN LT & PWR                       | CONN LIGHT & PWR 3.2 3/27 | CUSIP: 207597EJ0<br>LEI: 549300O45IUXEDS1VZ32 | Long             | DBT              | CORP              | US        |    129000 | PA      | $127959.55    | 0.12%             | 2027-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                    | DUKE ENERGY COR 3.15 8/27 | CUSIP: 26441CAX3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    129000 | PA      | $127512.17    | 0.12%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE 3.54 5/28            | JPMORGAN CHASE 3.54 5/28  | CUSIP: 46647PAF3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    129000 | PA      | $128351.71    | 0.12%             | 2028-05-01      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                      | MASTERCARD INC 3.3 3/27   | CUSIP: 57636QAR5<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    129000 | PA      | $128424.83    | 0.12%             | 2027-03-26      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| SYSCO CORP                          | SYSCO CORP 3.25 7/27      | CUSIP: 871829BF3<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    129000 | PA      | $127833.21    | 0.12%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                    | T-MOBILE USA IN 3.75 4/27 | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    129000 | PA      | $128650.81    | 0.12%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ANTHEM INC                          | ELEVANCE HEALT 3.65 12/27 | CUSIP: 036752AB9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129465.16    | 0.12%             | 2027-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ARIZ PUB SERV 09/15/00              | ARIZONA PUB SER 2.95 9/27 | CUSIP: 040555CW2<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128055.57    | 0.12%             | 2027-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP              | CCO HOLDINGS LLC 5 2/28   | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $129050.95    | 0.12%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP              | CCO HOLDINGS LLC 4.5 5/32 | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $116763.70    | 0.11%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/TH 3.05 10/27           | CIGNA GROUP/TH 3.05 10/27 | CUSIP: 125523AZ3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128252.66    | 0.12%             | 2027-10-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL 2.493 2/27           | CARRIER GLOBAL 2.493 2/27 | CUSIP: 14448CAP9<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127964.09    | 0.12%             | 2027-02-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                        | COMCAST CORP 2.35 1/27    | CUSIP: 20030NBW0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128047.16    | 0.12%             | 2027-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                      | LOWE'S COS INC 3.1 5/27   | CUSIP: 548661DP9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128636.12    | 0.12%             | 2027-05-03      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC 3.2 5/27             | NSTAR ELECTRIC 3.2 5/27   | CUSIP: 67021CAM9<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128870.65    | 0.12%             | 2027-05-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| US BANCORP                          | US BANCORP 2.215 1/28     | CUSIP: 91159HJC5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127741.73    | 0.12%             | 2028-01-27      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| UNITED TECHNOLOGIES CORP            | UNITED TECH CO 3.125 5/27 | CUSIP: 913017CR8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128708.96    | 0.12%             | 2027-05-04      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                           | AMGEN INC 2.2 2/27        | CUSIP: 031162CT5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    131000 | PA      | $128594.84    | 0.12%             | 2027-02-21      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL              | NEXTERA ENERGY 1.875 1/27 | CUSIP: 65339KBY5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    131000 | PA      | $128297.22    | 0.12%             | 2027-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE 2.293 4/27           | OTIS WORLDWIDE 2.293 4/27 | CUSIP: 68902VAJ6<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |    131000 | PA      | $128418.62    | 0.12%             | 2027-04-05      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS 5.75 3/34            | ALBERTSONS COS 5.75 3/34  | CUSIP: 01309QAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $140741.30    | 0.13%             | 2034-03-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SYMP 2018-20A AR2 1/32              | SYMP 2018-20A AR2 1/32    | CUSIP: 87166VAW8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    144756 | PA      | $144918.03    | 0.13%             | 2032-01-16      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA IN 7 2/33             | WASTE PRO USA IN 7 2/33   | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    145000 | PA      | $149674.06    | 0.14%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FSMT 2017-1 1A7 3/47                | FSMT 2017-1 1A7 3/47      | CUSIP: 33850BAG2<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    151708 | PA      | $139703.51    | 0.13%             | 2047-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                 | QUANTA SERVICES 4.75 8/27 | CUSIP: 74762EAK8<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |    157000 | PA      | $159042.45    | 0.15%             | 2027-08-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                 | JPMORGAN CHASE 3.782 2/28 | CUSIP: 46625HRY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    159000 | PA      | $158690.66    | 0.15%             | 2028-02-01      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP              | CCO HOLDINGS LLC 4.5 8/30 | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $150747.50    | 0.14%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROW 5.25 10/29           | MEDLINE BORROW 5.25 10/29 | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160990.72    | 0.15%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL NV                   | CNH INDUSTRIAL 3.85 11/27 | CUSIP: 12594KAB8<br>LEI: 549300WGC2HZ5J67V817 | Long             | DBT              | NUSS              | US        |    161000 | PA      | $160566.96    | 0.15%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| HUBBELL INC                         | HUBBELL INC 3.15 8/27     | CUSIP: 443510AH5<br>LEI: 54930088VDQ6840Y6597 | Long             | DBT              | CORP              | US        |    162000 | PA      | $160114.40    | 0.15%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                   | STATE STREET C 2.203 2/28 | CUSIP: 857477BS1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    163000 | PA      | $160116.03    | 0.15%             | 2028-02-07      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| WISCONSIN POWER AND LIGHT           | WISCONSIN P&L 3.05 10/27  | CUSIP: 976826BL0<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |    163000 | PA      | $160496.71    | 0.15%             | 2027-10-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDC 7.625 8/33           | AMERITEX HOLDC 7.625 8/33 | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $179493.82    | 0.17%             | 2033-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| SNVA 2020-2A A 11/55                | SNVA 2020-2A A 11/55      | CUSIP: 86745PAA1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    170718 | PA      | $147354.70    | 0.14%             | 2055-11-01      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| SEMT 2024-3 A19 4/54                | SEMT 2024-3 A19 4/54      | CUSIP: 81749JAU8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    172774 | PA      | $175288.82    | 0.16%             | 2054-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| QUEST DIAGNOSTICS INC               | QUEST DIAGNOSTI 4.6 12/27 | CUSIP: 74834LBE9<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |    174000 | PA      | $176247.12    | 0.16%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER             | AMER ELEC PWR 3.2 11/27   | CUSIP: 025537AJ0<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177691.52    | 0.16%             | 2027-11-13      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ROYAL CARRIBBEAN                    | ROYAL CARIBBEAN 4.25 7/26 | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |    185000 | PA      | $185026.57    | 0.17%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HL 4.279 3/32           | WARNERMEDIA HL 4.279 3/32 | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    195000 | PA      | $171418.65    | 0.16%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC 9.25 6/30             | COREWEAVE INC 9.25 6/30   | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    200000 | PA      | $186161.52    | 0.17%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/O 5.125 4/31           | ORGANON & CO/O 5.125 4/31 | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $165787.00    | 0.15%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                | COLOMBIA REP O 3.125 4/31 | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | US        |    200000 | PA      | $173800.00    | 0.16%             | 2031-04-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                         | CODELCO INC 5.95 1/34     | CUSIP: 21987BBG2<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | US        |    200000 | PA      | $209327.49    | 0.19%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                         | CODELCO INC 6.44 1/36     | CUSIP: 21987BBK3<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | US        |    200000 | PA      | $217076.04    | 0.20%             | 2036-01-26      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| GENMAB/GENMAB 7.25 12/33            | GENMAB/GENMAB 7.25 12/33  | CUSIP: 37230JAB8<br>LEI: N/A                  | Long             | DBT              | NUSS              | US        |    200000 | PA      | $210906.01    | 0.19%             | 2033-12-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA               | REP OF GUATEMAL 6.55 2/37 | CUSIP: 401494AZ2<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | US        |    200000 | PA      | $215000.00    | 0.20%             | 2037-02-06      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| OCP SA 6.75 5/34                    | OCP SA 6.75 5/34          | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | NUSS              | US        |    200000 | PA      | $215963.28    | 0.20%             | 2034-05-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL P 4.75 6/32           | PETROLEOS DEL P 4.75 6/32 | CUSIP: 716564AA7<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | NUSS              | US        |    200000 | PA      | $147635.00    | 0.14%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FIN 4.75 7/31            | VMED O2 UK FIN 4.75 7/31  | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | NUSS              | US        |    200000 | PA      | $184814.76    | 0.17%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FIN 7.75 4/32            | VMED O2 UK FIN 7.75 4/32  | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | NUSS              | US        |    200000 | PA      | $208687.00    | 0.19%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CGCMT 2016-P5 B 10/49               | CGCMT 2016-P5 B 10/49     | CUSIP: 17325DAG8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    200000 | PA      | $180131.88    | 0.17%             | 2049-10-10      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| MCMLT 2017-2 M2 7/59                | MCMLT 2017-2 M2 7/59      | CUSIP: 59980AAC1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    200000 | PA      | $196381.20    | 0.18%             | 2059-07-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                      | OWENS-BROCKWAY 7.25 5/31  | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    205000 | PA      | $209518.41    | 0.19%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SNDPT 2020-3A A1R 1/32              | SNDPT 2020-3A A1R 1/32    | CUSIP: 83615CAL0<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    205306 | PA      | $205432.21    | 0.19%             | 2032-01-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                      | BOMBARDIER INC 6.75 6/33  | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | NUSS              | US        |    210000 | PA      | $222255.81    | 0.20%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SUNRN 2019-1A A 6/54                | SUNRN 2019-1A A 6/54      | CUSIP: 86773PAA6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    211788 | PA      | $202451.54    | 0.19%             | 2054-06-30      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| GLOB PART/GLP F 8.25 1/32           | GLOB PART/GLP F 8.25 1/32 | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $227321.44    | 0.21%             | 2032-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MCSLT 2019-2GS A 7/43               | MCSLT 2019-2GS A 7/43     | CUSIP: 59982VAA7<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    218935 | PA      | $200157.27    | 0.18%             | 2043-07-20      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP.    | FHR 3318 KS 5/37          | CUSIP: 31397HE46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    219804 | PA      | $20808.23     | 0.02%             | 2037-05-15      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                         | TENNECO INC 8 11/28       | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |    220000 | PA      | $220853.57    | 0.20%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENT 6 10/32                 | CAESARS ENT 6 10/32       | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    225000 | PA      | $218946.44    | 0.20%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINL ISSR 6.5 5/28           | MIDCAP FINL ISSR 6.5 5/28 | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $224801.15    | 0.21%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                   | POST HOLDINGS 6.375 3/33  | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227545.43    | 0.21%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDI 6.375 3/32           | QUIKRETE HOLDI 6.375 3/32 | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    225000 | PA      | $234349.65    | 0.22%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL P 4.75 6/32           | PETROLEOS DEL P 4.75 6/32 | CUSIP: P7808BAA5<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | NUSS              | US        |    225000 | PA      | $166089.38    | 0.15%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                         | CHEMOURS CO 8 1/33        | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    235000 | PA      | $227776.03    | 0.21%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER 6.75 3/33           | CAPSTONE COPPER 6.75 3/33 | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | NUSS              | US        |    235000 | PA      | $244072.46    | 0.22%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NEXSTAR FINANCE INC                 | NEXSTAR BROADC 4.75 11/28 | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    245000 | PA      | $243378.17    | 0.22%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                   | CHILE 4.95 1/36           | CUSIP: 168863DZ8<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | US        |    246125 | PA      | $248770.84    | 0.23%             | 2036-01-05      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC             | AMER AXLE & MF 7.75 10/33 | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254893.05    | 0.23%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK                    | FIFTH THIRD BA 4.967 1/28 | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252443.71    | 0.23%             | 2028-01-28      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY 5.504 5/28           | MORGAN STANLEY 5.504 5/28 | CUSIP: 61690U8B9<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255158.72    | 0.23%             | 2028-05-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA               | REP OF GUATEMAL 6.05 8/31 | CUSIP: 401494AY5<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | US        |    250000 | PA      | $261125.00    | 0.24%             | 2031-08-06      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MAGNE 2021-31A A1R 7/34             | MAGNE 2021-31A A1R 7/34   | CUSIP: 55952FAL2<br>LEI: 549300J3BCFSIZAJJW77 | Long             | DBT              | USGSE             | US        |    250000 | PA      | $250062.50    | 0.23%             | 2034-07-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MAGNE 2021-31A DR 7/34              | MAGNE 2021-31A DR 7/34    | CUSIP: 55952FAS7<br>LEI: 549300J3BCFSIZAJJW77 | Long             | DBT              | USGSE             | US        |    250000 | PA      | $250250.00    | 0.23%             | 2034-07-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NAVS 2024-2A CR 1/36                | NAVS 2024-2A CR 1/36      | CUSIP: 63942YAW4<br>LEI: 254900HNRWNLGN0X1N35 | Long             | DBT              | USGSE             | US        |    250000 | PA      | $250187.50    | 0.23%             | 2036-01-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PLMRS 2021-1A BR 4/38               | PLMRS 2021-1A BR 4/38     | CUSIP: 69701WAQ9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    250000 | PA      | $251281.20    | 0.23%             | 2038-04-20      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL 8.75 6/31              | NORTHERN OIL 8.75 6/31    | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    255000 | PA      | $257740.23    | 0.24%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FHR 3879 SL 1/41                    | FHR 3879 SL 1/41          | CUSIP: 3137ACP94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    267465 | PA      | $11503.10     | 0.01%             | 2041-01-15      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| SNAP INC 6.875 3/34                 | SNAP INC 6.875 3/34       | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    270000 | PA      | $278211.97    | 0.26%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FSMT 2018-3INV A3 5/48              | FSMT 2018-3INV A3 5/48    | CUSIP: 33851JAC3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    279657 | PA      | $262308.42    | 0.24%             | 2048-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE             | AVIS BUDGET CAR 8 2/31    | CUSIP: 053773BH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $287962.50    | 0.27%             | 2031-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SEMT 2019-5 A7 12/49                | SEMT 2019-5 A7 12/49      | CUSIP: 81743AAG4<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    284854 | PA      | $258428.10    | 0.24%             | 2049-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER 6.25 10/33           | LIGHT & WONDER 6.25 10/33 | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    285000 | PA      | $288576.75    | 0.27%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                   | NEWELL BRANDS I 8.5 6/28  | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    285000 | PA      | $299202.69    | 0.28%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FNR 2010-59 NS 6/40                 | FNR 2010-59 NS 6/40       | CUSIP: 31398RNN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    285282 | PA      | $20003.93     | 0.02%             | 2040-06-25      | Variable      | 1.78%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICA 7.375 10/32           | GLOBAL MEDICA 7.375 10/32 | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |    290000 | PA      | $301999.86    | 0.28%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEAL 6.875 7/32           | CONCENTRA HEAL 6.875 7/32 | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    295000 | PA      | $308866.18    | 0.28%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PT/F 8.625 3/29           | DELEK LOG PT/F 8.625 3/29 | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $314639.72    | 0.29%             | 2029-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL 6.75 9/31           | FOCUS FINANCIAL 6.75 9/31 | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309070.45    | 0.28%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS 5.25 8/29            | SEAWORLD PARKS 5.25 8/29  | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292418.85    | 0.27%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANC 8.875 2/30           | DIRECTV FINANC 8.875 2/30 | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $308978.43    | 0.28%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP               | TENET HEALTHCARE 6 11/33  | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    310000 | PA      | $319368.51    | 0.29%             | 2033-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMMT 2016-4 A13 10/46              | JPMMT 2016-4 A13 10/46    | CUSIP: 46647JAN0<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    321170 | PA      | $293344.73    | 0.27%             | 2046-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| BX 2021-IRON E 2/38                 | BX 2021-IRON E 2/38       | CUSIP: 05608JAJ2<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    322664 | PA      | $312517.39    | 0.29%             | 2038-02-15      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| SNVA 2022-B A 8/49                  | SNVA 2022-B A 8/49        | CUSIP: 86744VAA9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    337052 | PA      | $296947.88    | 0.27%             | 2049-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UKG INC 6.875 2/31                  | UKG INC 6.875 2/31        | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    340000 | PA      | $349948.06    | 0.32%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SNVA 2023-A A 5/50                  | SNVA 2023-A A 5/50        | CUSIP: 86746AAA3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    345004 | PA      | $317396.49    | 0.29%             | 2050-05-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERA 6.45 1/35           | COMISION FEDERA 6.45 1/35 | CUSIP: 200447AP5<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | NUSS              | US        |    350000 | PA      | $360648.75    | 0.33%             | 2035-01-24      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| OAKCL 2022-3A CR 10/37              | OAKCL 2022-3A CR 10/37    | CUSIP: 67401RAU8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    350000 | PA      | $351708.15    | 0.32%             | 2037-10-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                 | NCL CORP 6.75 2/32        | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | NUSS              | US        |    355000 | PA      | $363710.76    | 0.34%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FHR 4153 IB 1/28                    | FHR 4153 IB 1/28          | CUSIP: 3137AXRD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    355327 | PA      | $5160.37      | 0.00%             | 2028-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW 7.125 6/31           | PANTHER ESCROW 7.125 6/31 | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $373276.09    | 0.34%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ACE 2007-D1 A2 2/38                 | ACE 2007-D1 A2 2/38       | CUSIP: 00083BAB1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    367628 | PA      | $301017.62    | 0.28%             | 2038-02-25      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| CIM 2019-J1 B2 8/49                 | CIM 2019-J1 B2 8/49       | CUSIP: 12556MCQ5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    370718 | PA      | $352588.00    | 0.32%             | 2049-08-25      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| FNR 2013-20 SK 5/41                 | FNR 2013-20 SK 5/41       | CUSIP: 3136ACTN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    371040 | PA      | $4225.55      | 0.00%             | 2041-05-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| VERUS 2021-3 A1 6/66                | VERUS 2021-3 A1 6/66      | CUSIP: 92539LAA8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    372665 | PA      | $329622.24    | 0.30%             | 2066-06-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| TIBCO SOFTWARE                      | CLD SFTWR GRP IN 6.5 3/29 | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    380000 | PA      | $385224.21    | 0.35%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JPMMT 2019-LTV2 B3 12/49            | JPMMT 2019-LTV2 B3 12/49  | CUSIP: 46651ABC5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    395871 | PA      | $385862.90    | 0.36%             | 2049-12-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| STACR 2022-DNA4 M1B 5/42            | STACR 2022-DNA4 M1B 5/42  | CUSIP: 35564KWT2<br>LEI: 5493000IS4CDPWRMWB65 | Long             | DBT              | USGSE             | US        |    400000 | PA      | $412966.88    | 0.38%             | 2042-05-25      | Variable      | 7.22%                 | No            |                  2 | On Loan: No      |
| ARCREN 2025-FL1 A 1/43              | ARCREN 2025-FL1 A 1/43    | CUSIP: 03881KAA1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    400000 | PA      | $400336.40    | 0.37%             | 2043-01-20      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| PFMT 2021-J1 A10 10/51              | PFMT 2021-J1 A10 10/51    | CUSIP: 74387MAK5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    400000 | PA      | $253338.32    | 0.23%             | 2051-10-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| RATE 2021-HB1 A31 12/51             | RATE 2021-HB1 A31 12/51   | CUSIP: 75409XBG0<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    400176 | PA      | $334087.01    | 0.31%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| MELLO 2018-MTG2 B1 10/48            | MELLO 2018-MTG2 B1 10/48  | CUSIP: 585499BQ8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    414609 | PA      | $401045.88    | 0.37%             | 2048-10-25      | Variable      | 4.31%                 | No            |                  2 | On Loan: No      |
| US TREASURY N 3.625 12/30           | US TREASURY N 3.625 12/30 | CUSIP: 91282CPR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    414800 | PA      | $413260.70    | 0.38%             | 2030-12-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| RCKT 2021-1 B3 3/51                 | RCKT 2021-1 B3 3/51       | CUSIP: 749350BL7<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    432387 | PA      | $367655.36    | 0.34%             | 2051-03-25      | Variable      | 2.71%                 | No            |                  2 | On Loan: No      |
| FNR 2008-36 YI 7/36                 | FNR 2008-36 YI 7/36       | CUSIP: 31397LJK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    433196 | PA      | $34951.66     | 0.03%             | 2036-07-25      | Variable      | 3.21%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                          | FNR 2005-66 LS 7/35       | CUSIP: 31394EJN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    449913 | PA      | $39824.24     | 0.04%             | 2035-07-25      | Variable      | 2.64%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER EQUITY              | ENERGY TRANSFE 7.125 5/74 | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    450000 | PA      | $462656.25    | 0.43%             | 2174-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WFMBS 2018-1 B3 7/47                | WFMBS 2018-1 B3 7/47      | CUSIP: 94989UBK6<br>LEI: 549300EZH20KSD9JD814 | Long             | DBT              | USGSE             | US        |    466761 | PA      | $424509.37    | 0.39%             | 2047-07-25      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| FNR 2012-121 ID 11/27               | FNR 2012-121 ID 11/27     | CUSIP: 3136A9XV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    480951 | PA      | $8947.66      | 0.01%             | 2027-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GSMBS 2024-PJ9 A3 2/55              | GSMBS 2024-PJ9 A3 2/55    | CUSIP: 36270WAD8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    486318 | PA      | $485633.92    | 0.45%             | 2055-02-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BBCMS 2022-C16 A5 6/55              | BBCMS 2022-C16 A5 6/55    | CUSIP: 05552YAE6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    490000 | PA      | $488195.53    | 0.45%             | 2055-06-15      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| CAS 2024-R01 1M2 1/44               | CAS 2024-R01 1M2 1/44     | CUSIP: 20753UAB6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    500000 | PA      | $503612.55    | 0.46%             | 2044-01-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| CAS 2022-R06 1M2 5/42               | CAS 2022-R06 1M2 5/42     | CUSIP: 20754NAK1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    500000 | PA      | $518390.30    | 0.48%             | 2042-05-25      | Variable      | 7.72%                 | No            |                  2 | On Loan: No      |
| APID 2021-36A CR 1/39               | APID 2021-36A CR 1/39     | CUSIP: 03769LAY4<br>LEI: 549300NWD6NYUKJT1J26 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $500462.00    | 0.46%             | 2039-01-20      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| AREIT 2025-CRE11 A 7/43             | AREIT 2025-CRE11 A 7/43   | CUSIP: 04002DAA9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    500000 | PA      | $501249.35    | 0.46%             | 2043-07-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| BSPRT 2025-FL12 A 1/43              | BSPRT 2025-FL12 A 1/43    | CUSIP: 05619BAA5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    500000 | PA      | $500765.58    | 0.46%             | 2043-01-17      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| BX 2025-ARIA C 12/42                | BX 2025-ARIA C 12/42      | CUSIP: 05619TAE8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    500000 | PA      | $504797.55    | 0.47%             | 2042-12-13      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| CGCMT 2017-P8 AS 9/50               | CGCMT 2017-P8 AS 9/50     | CUSIP: 17326DAF9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    500000 | PA      | $472142.00    | 0.43%             | 2050-09-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| GSJP 2025-BEDS A 12/42              | GSJP 2025-BEDS A 12/42    | CUSIP: 362946AA3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    500000 | PA      | $500970.90    | 0.46%             | 2042-12-15      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| NYC 2025-77C B 1/38                 | NYC 2025-77C B 1/38       | CUSIP: 67123LAC8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    500000 | PA      | $503487.25    | 0.46%             | 2038-01-10      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| PFMT 2025-6 A2 12/55                | PFMT 2025-6 A2 12/55      | CUSIP: 74388TAB9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    500000 | PA      | $497460.95    | 0.46%             | 2055-12-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FSMT 2021-2 B3 4/51                 | FSMT 2021-2 B3 4/51       | CUSIP: 33852EBQ1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    517872 | PA      | $425572.98    | 0.39%             | 2051-04-25      | Variable      | 2.78%                 | No            |                  2 | On Loan: No      |
| JPMMT 2024-8 A9 1/55                | JPMMT 2024-8 A9 1/55      | CUSIP: 46658GAT9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    540342 | PA      | $548206.40    | 0.51%             | 2055-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| SEMT 2025-2 A19 3/55                | SEMT 2025-2 A19 3/55      | CUSIP: 816935AU4<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    548008 | PA      | $555983.65    | 0.51%             | 2055-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| SHACK 2019-15A CR 1/32              | SHACK 2019-15A CR 1/32    | CUSIP: 81883MAQ6<br>LEI: 549300O6RVX5OXLL7335 | Long             | DBT              | USGSE             | US        |    550000 | PA      | $552440.05    | 0.51%             | 2032-01-15      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| MSAIC 2017-2A A 6/43                | MSAIC 2017-2A A 6/43      | CUSIP: 61946GAA1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    567361 | PA      | $537577.94    | 0.50%             | 2043-06-22      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| RCKT 2021-4 A21 9/51                | RCKT 2021-4 A21 9/51      | CUSIP: 74938VAV5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    574924 | PA      | $477859.27    | 0.44%             | 2051-09-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| JPMMT 2024-CCM1 A3 4/55             | JPMMT 2024-CCM1 A3 4/55   | CUSIP: 46658NAC1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    589323 | PA      | $594179.72    | 0.55%             | 2055-04-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMMT 2017-5 B2 10/48               | JPMMT 2017-5 B2 10/48     | CUSIP: 46590YAD6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    589781 | PA      | $588312.77    | 0.54%             | 2048-10-26      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| SUNRN 2025-1A A2A 4/60              | SUNRN 2025-1A A2A 4/60    | CUSIP: 86771PAB6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    595638 | PA      | $603950.02    | 0.56%             | 2060-04-30      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| JPMMT 2018-4 B2 10/48               | JPMMT 2018-4 B2 10/48     | CUSIP: 46649CBF9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    597767 | PA      | $554176.25    | 0.51%             | 2048-10-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| STACR 2021-HQA4 B1 12/41            | STACR 2021-HQA4 B1 12/41  | CUSIP: 35564KPN3<br>LEI: 5493000ISE4NWBTOSK36 | Long             | DBT              | USGSE             | US        |    600000 | PA      | $613214.16    | 0.56%             | 2041-12-25      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| ARRW 2022-1 A3 12/56                | ARRW 2022-1 A3 12/56      | CUSIP: 042855AC0<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    600000 | PA      | $509200.32    | 0.47%             | 2056-12-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SEMT 2021-3 B3 5/51                 | SEMT 2021-3 B3 5/51       | CUSIP: 81748VCF3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    617084 | PA      | $513605.98    | 0.47%             | 2051-05-25      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| FNR 2013-71 AI 7/28                 | FNR 2013-71 AI 7/28       | CUSIP: 3136AE4R5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    618434 | PA      | $14030.35     | 0.01%             | 2028-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEUB 2014-17A CR3 7/38              | NEUB 2014-17A CR3 7/38    | CUSIP: 64129UCJ2<br>LEI: 549300XVEYZNG956Y145 | Long             | DBT              | USGSE             | US        |    620000 | PA      | $622956.07    | 0.57%             | 2038-07-22      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| FSMT 2017-1 B3 3/47                 | FSMT 2017-1 B3 3/47       | CUSIP: 33850BAY3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    625283 | PA      | $583227.55    | 0.54%             | 2047-03-25      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| HAWT 2021-INV1 A27 7/51             | HAWT 2021-INV1 A27 7/51   | CUSIP: 44590HBD7<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    678028 | PA      | $566390.57    | 0.52%             | 2051-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| CGCMT 2016-P4 C 7/49                | CGCMT 2016-P4 C 7/49      | CUSIP: 29429EAK7<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    725000 | PA      | $664658.76    | 0.61%             | 2049-07-10      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| FNR 2012-151 WS 3/42                | FNR 2012-151 WS 3/42      | CUSIP: 3136AA5T8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    733292 | PA      | $39873.07     | 0.04%             | 2042-03-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| FSMT 2021-2 A4 4/51                 | FSMT 2021-2 A4 4/51       | CUSIP: 33852EAD1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    735957 | PA      | $611705.55    | 0.56%             | 2051-04-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| BOCA 2025-BOCA A 12/42              | BOCA 2025-BOCA A 12/42    | CUSIP: 05619RAA0<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    750000 | PA      | $751874.40    | 0.69%             | 2042-12-15      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| NEUB 2019-33A CR2 4/39              | NEUB 2019-33A CR2 4/39    | CUSIP: 64132TAY9<br>LEI: 549300RVE5T2OYI2H743 | Long             | DBT              | USGSE             | US        |    750000 | PA      | $754738.00    | 0.70%             | 2039-04-16      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| JPMMT 2018-5 A13 10/48              | JPMMT 2018-5 A13 10/48    | CUSIP: 46649KAN5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    754850 | PA      | $681719.75    | 0.63%             | 2048-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| SEMT 2023-2 A1 3/53                 | SEMT 2023-2 A1 3/53       | CUSIP: 81744KAA4<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    755909 | PA      | $744564.03    | 0.69%             | 2053-03-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ABMT 2015-1 B4 1/45                 | ABMT 2015-1 B4 1/45       | CUSIP: 00841WBN1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    780872 | PA      | $634939.12    | 0.58%             | 2045-01-25      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| STWD 2025-FL4 AS 11/42              | STWD 2025-FL4 AS 11/42    | CUSIP: 863922AC4<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    800000 | PA      | $801150.38    | 0.74%             | 2042-11-19      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| JPMMT 2022-5 A9 9/52                | JPMMT 2022-5 A9 9/52      | CUSIP: 465977AY2<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    819027 | PA      | $691132.61    | 0.64%             | 2052-09-25      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| JPMMT 2019-INV1 B2 9/49             | JPMMT 2019-INV1 B2 9/49   | CUSIP: 46591DAY5<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    831922 | PA      | $818384.09    | 0.75%             | 2049-09-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| FHMS KL06 XFX 12/29                 | FHMS KL06 XFX 12/29       | CUSIP: 3137F84J9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    833555 | PA      | $31661.91     | 0.03%             | 2029-12-25      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| MSRM 2024-3 A7 7/54                 | MSRM 2024-3 A7 7/54       | CUSIP: 61776QAM8<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    867727 | PA      | $881690.08    | 0.81%             | 2054-07-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMMT 2018-3 B2 9/48                | JPMMT 2018-3 B2 9/48      | CUSIP: 46649TAZ9<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    897205 | PA      | $824566.73    | 0.76%             | 2048-09-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| SEMT 2019-2 B2 6/49                 | SEMT 2019-2 B2 6/49       | CUSIP: 81746YCC6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    903913 | PA      | $879020.23    | 0.81%             | 2049-06-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| SEMT 2019-2 B3 6/49                 | SEMT 2019-2 B3 6/49       | CUSIP: 81746YCD4<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    905243 | PA      | $855431.02    | 0.79%             | 2049-06-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| BMARK 2018-B3 D 4/51                | BMARK 2018-B3 D 4/51      | CUSIP: 08161BAA1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $718566.20    | 0.66%             | 2051-04-10      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| JPMMT 2021-3 A5 7/51                | JPMMT 2021-3 A5 7/51      | CUSIP: 46592KAJ1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $711842.50    | 0.66%             | 2051-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| NEUB 2017-25A CR2 7/38              | NEUB 2017-25A CR2 7/38    | CUSIP: 64131JBA3<br>LEI: 549300YJLHTYDSFV8K03 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $1004773.60   | 0.93%             | 2038-07-18      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| SEMT 2025-13 A19 12/55              | SEMT 2025-13 A19 12/55    | CUSIP: 81750DAU7<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $1004492.20   | 0.93%             | 2055-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| FNR 2019-13 IB 9/39                 | FNR 2019-13 IB 9/39       | CUSIP: 3136B4GR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1016848 | PA      | $198089.32    | 0.18%             | 2039-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHR 5013 IP 9/50                    | FHR 5013 IP 9/50          | CUSIP: 3137FWFN5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1018159 | PA      | $123579.94    | 0.11%             | 2050-09-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHMR 2021-P011 X1 9/45              | FHMR 2021-P011 X1 9/45    | CUSIP: 3137H2NR1<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1050351 | PA      | $109435.02    | 0.10%             | 2045-09-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| FHR 4120 JS 10/32                   | FHR 4120 JS 10/32         | CUSIP: 3137AVDU8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1129823 | PA      | $64660.48     | 0.06%             | 2032-10-15      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| DBWF 2015-LCM D 6/34                | DBWF 2015-LCM D 6/34      | CUSIP: 23306NAL6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |   1130000 | PA      | $1062308.71   | 0.98%             | 2034-06-10      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| FNR 2012-35 LS 4/41                 | FNR 2012-35 LS 4/41       | CUSIP: 3136A5LH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1134406 | PA      | $46040.64     | 0.04%             | 2041-04-25      | Variable      | 2.61%                 | No            |                  2 | On Loan: No      |
| STKPK 2022-1A CR 10/37              | STKPK 2022-1A CR 10/37    | CUSIP: 86217RAQ1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |   1250000 | PA      | $1256117.46   | 1.16%             | 2037-10-15      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| FHMS K-1518 X1 10/35                | FHMS K-1518 X1 10/35      | CUSIP: 3137FXQX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1259776 | PA      | $73715.18     | 0.07%             | 2035-10-25      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| FHR 4120 CS 10/32                   | FHR 4120 CS 10/32         | CUSIP: 3137AVAF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1344825 | PA      | $79149.58     | 0.07%             | 2032-10-15      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| FHR 3998 SA 2/42                    | FHR 3998 SA 2/42          | CUSIP: 3137ALQR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1428722 | PA      | $165861.59    | 0.15%             | 2042-02-15      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| FHR 4619 KS 6/39                    | FHR 4619 KS 6/39          | CUSIP: 3137BSCH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1462429 | PA      | $65946.65     | 0.06%             | 2039-06-15      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| FHR 4517 KI 4/43                    | FHR 4517 KI 4/43          | CUSIP: 3137BLSR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1538260 | PA      | $9522.29      | 0.01%             | 2043-04-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| FHS 365 C9 5/49                     | FHS 365 C9 5/49           | CUSIP: 31325XWS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1567428 | PA      | $315708.23    | 0.29%             | 2049-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNR 2013-67 IL 7/43                 | FNR 2013-67 IL 7/43       | CUSIP: 3136AFGB4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1624176 | PA      | $209718.76    | 0.19%             | 2043-07-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHS 365 C57 11/48                   | FHS 365 C57 11/48         | CUSIP: 31325XWG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1713707 | PA      | $338076.65    | 0.31%             | 2048-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHR 4596 DI 6/46                    | FHR 4596 DI 6/46          | CUSIP: 3137BQNR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1796549 | PA      | $323109.72    | 0.30%             | 2046-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNR 2015-20 CI 2/30                 | GNR 2015-20 CI 2/30       | CUSIP: 38379JJF9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | USGA              | US        |   1883556 | PA      | $87899.81     | 0.08%             | 2030-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHR 5037 IO 11/50                   | FHR 5037 IO 11/50         | CUSIP: 3137F6LD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1912604 | PA      | $344678.76    | 0.32%             | 2050-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNR 2019-78 IC 6/49                 | GNR 2019-78 IC 6/49       | CUSIP: 38381WSU3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | USGA              | US        |   2001567 | PA      | $442805.27    | 0.41%             | 2049-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNS 367 2 1/36                      | FNS 367 2 1/36            | CUSIP: 3136FCD86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   2032302 | PA      | $353883.07    | 0.33%             | 2036-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNR 2012-144 SC 1/43                | FNR 2012-144 SC 1/43      | CUSIP: 3136ABHQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   2238309 | PA      | $239367.69    | 0.22%             | 2043-01-25      | Variable      | 2.11%                 | No            |                  2 | On Loan: No      |
| GNR 2019-23 MT 3/42                 | GNR 2019-23 MT 3/42       | CUSIP: 38381RPA1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | USGA              | US        |   2404428 | PA      | $36489.60     | 0.03%             | 2042-03-20      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| FNS 407 C8 1/39                     | FNS 407 C8 1/39           | CUSIP: 3136FG5J2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   2591736 | PA      | $517648.14    | 0.48%             | 2039-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNS 441 C2 4/39                     | FNS 441 C2 4/39           | CUSIP: 31424VDZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   2647001 | PA      | $249537.92    | 0.23%             | 2039-04-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNR 2020-14 AI 3/50                 | FNR 2020-14 AI 3/50       | CUSIP: 3136B8VB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   2713414 | PA      | $465315.46    | 0.43%             | 2050-03-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNR 2020-79 IO 6/50                 | GNR 2020-79 IO 6/50       | CUSIP: 38382FB37<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | USGA              | US        |   2735808 | PA      | $502895.10    | 0.46%             | 2050-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHR 4143 MS 12/42                   | FHR 4143 MS 12/42         | CUSIP: 3137AXBX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2802269 | PA      | $360135.01    | 0.33%             | 2042-12-15      | Variable      | 2.60%                 | No            |                  2 | On Loan: No      |
| FNR 2013-130 SB 1/44                | FNR 2013-130 SB 1/44      | CUSIP: 3136AHC57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   3031548 | PA      | $289837.93    | 0.27%             | 2044-01-25      | Variable      | 2.06%                 | No            |                  2 | On Loan: No      |
| FHS 389 C6 10/37                    | FHS 389 C6 10/37          | CUSIP: 31325YR83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   3074216 | PA      | $281545.44    | 0.26%             | 2037-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNS 427 C100 1/52                   | FNS 427 C100 1/52         | CUSIP: 31423XRE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   3281952 | PA      | $436899.63    | 0.40%             | 2052-01-25      | Variable      | 2.67%                 | No            |                  2 | On Loan: No      |
| FHR 3788 IO 1/41                    | FHR 3788 IO 1/41          | CUSIP: 3137A5PT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   3993263 | PA      | $808049.72    | 0.74%             | 2041-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNR 2014-38 S 7/44                  | FNR 2014-38 S 7/44        | CUSIP: 3136AKNQ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   4147066 | PA      | $444321.21    | 0.41%             | 2044-07-25      | Variable      | 2.11%                 | No            |                  2 | On Loan: No      |
| FNR 2016-29 SB 5/46                 | FNR 2016-29 SB 5/46       | CUSIP: 3136ARQ27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   4538212 | PA      | $500538.05    | 0.46%             | 2046-05-25      | Variable      | 2.06%                 | No            |                  2 | On Loan: No      |
| FHR 4906 DI 9/49                    | FHR 4906 DI 9/49          | CUSIP: 3137FNUJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   4566915 | PA      | $915535.61    | 0.84%             | 2049-09-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNR 2015-60 PI 4/45                 | GNR 2015-60 PI 4/45       | CUSIP: 38379LRE8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | USGA              | US        |   4729578 | PA      | $891743.87    | 0.82%             | 2045-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNR 2012-30 SA 4/42                 | FNR 2012-30 SA 4/42       | CUSIP: 3136A5WG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   4770521 | PA      | $443873.59    | 0.41%             | 2042-04-25      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| FHR 4094 SP 8/42                    | FHR 4094 SP 8/42          | CUSIP: 3137ASUG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   4978778 | PA      | $506856.02    | 0.47%             | 2042-08-15      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| FHR 5095 BI 4/41                    | FHR 5095 BI 4/41          | CUSIP: 3137FYR32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   5853262 | PA      | $693329.13    | 0.64%             | 2041-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHR 3990 SG 1/42                    | FHR 3990 SG 1/42          | CUSIP: 3137AL5C9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   6489574 | PA      | $702686.52    | 0.65%             | 2042-01-15      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| GNR 2020-146 IM 10/50               | GNR 2020-146 IM 10/50     | CUSIP: 38382KWP4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | USGA              | US        |   6615267 | PA      | $969327.15    | 0.89%             | 2050-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B 4 11/35             | US TREASURY N/B 4 11/35   | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6763900 | PA      | $6681993.36   | 6.15%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL DN 1/26               | TREASURY BILL DN 1/26     | CUSIP: 912797RH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7750000 | PA      | $7745513.60   | 7.13%             | 2026-01-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FHS 389 C32 7/37                    | FHS 389 C32 7/37          | CUSIP: 31325YRK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  20780427 | PA      | $1196011.22   | 1.10%             | 2037-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                 | US 10yr Ultra Fut Mar26   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |      -124 | NC      | $102430.82    | -13.14%           |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | US LONG BOND(CBT) Mar26   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       -32 | NC      | $34931.52     | -3.41%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | US 2YR NOTE (CBT) Mar26   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |        91 | NC      | $-5862.22     | 17.50%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | US 10YR NOTE (CBT)Mar26   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |        93 | NC      | $-47801.89    | 9.63%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | US 5YR NOTE (CBT) Mar26   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       150 | NC      | $-47006.67    | 15.10%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC | SWOP IRS EUR              | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              | CORP              | US        |   6579000 | NC      | $1197.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC | SWOP IRS EUR              | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              | CORP              | US        |  -3289000 | NC      | $-546.21      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                   | SWOP IRS USD              | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              | CORP              | GB        |    740000 | NC      | $4758.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                   | SWOP IRS USD              | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              | CORP              | GB        |   2115500 | NC      | $16718.14     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                   | SWOP IRS USD              | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              | CORP              | GB        |   5914400 | NC      | $21950.37     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | BRL/USD FWD 20260105      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-677136.14   | -0.62%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                 | PEN/USD FWD 20260109      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-3.73        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.     | CDS CDX.NA.IG.45.V1       | CUSIP: N/A<br>LEI: 5493000F4ZO33MV32P92       | N/A              | DCR              | CORP              | US        |         1 | NC      | $362299.74    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.     | CDS CDX.NA.HY.45.V1       | CUSIP: N/A<br>LEI: 5493000F4ZO33MV32P92       | N/A              | DCR              | CORP              | US        |         1 | NC      | $815366.85    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC | FX FVA USDBRL 15.3% IV    | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              | CORP              | US        |         1 | NC      | $6017.75      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Tidal Trust IV

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer