# EDGAR Filing Document

**Accession Number:** 0001612930
**File Stem:** 0001193125-26-285136
**Filing Date:** 2026-6
**Character Count:** 381225
**Document Hash:** 20630ef3b939f0bcf4ffa9967670c1dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-285136.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001193125-26-285136

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20270131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Angel Oak Funds Trust
- **CENTRAL INDEX KEY:** 0001612930

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22980
- **FILM NUMBER:** 261127677

**BUSINESS ADDRESS:**
- **STREET 1:** ANGEL OAK CAPITAL ADVISORS, LLC
- **STREET 2:** 980 HAMMOND DRIVE, SUITE 200
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30328
- **BUSINESS PHONE:** 404-953-4900

**MAIL ADDRESS:**
- **STREET 1:** ANGEL OAK CAPITAL ADVISORS, LLC
- **STREET 2:** 980 HAMMOND DRIVE, SUITE 200
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30328

## Series and Classes Contracts Data

### Angel Oak Income ETF (Series ID: S000077753)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000238279 | Angel Oak Income ETF | CARY            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Angel Oak Income ETF** | **Angel Oak Income ETF** | **Angel Oak Income ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **April 30, 2026 (Unaudited)** | **April 30, 2026 (Unaudited)** | **April 30, 2026 (Unaudited)** |
| **RESIDENTIAL MORTGAGE-BACKED SECURITIES - 26.6%** | **Par**  | **Value**  |
|  A&D Mortgage LLC, Series 2026-NQM3, Class A1, 5.08%, 04/25/2071 <sup>(a)(b)</sup> | $4000000 | $4006424 |
| ATLX Trust | ATLX Trust | ATLX Trust |
| &nbsp;&nbsp; Series 2024-RPL1, Class A2, 4.40%, 04/25/2064 <sup>(a)(b)</sup> | 1700000 | 1668067 |
| &nbsp;&nbsp; Series 2024-RPL1, Class M1, 4.40%, 04/25/2064 <sup>(a)(b)</sup> | 5000000 | 4895795 |
| Bellemeade Re Ltd. | Bellemeade Re Ltd. | Bellemeade Re Ltd. |
| &nbsp;&nbsp; Series 2023-1, Class B1, 10.35% (30 day avg SOFR US + 6.70%), 10/25/2033 <sup>(a)</sup> | 200000 | 213224 |
| &nbsp;&nbsp; Series 2023-1, Class M1B, 7.90% (30 day avg SOFR US + 4.25%), 10/25/2033 <sup>(a)</sup> | 979249 | 999084 |
| &nbsp;&nbsp; Series 2024-1, Class M2, 8.25% (30 day avg SOFR US + 4.60%), 08/25/2034 <sup>(a)</sup> | 900000 | 926903 |
| &nbsp;&nbsp; Series 2025-1, Class B1, 8.70% (30 day avg SOFR US + 5.05%), 10/25/2035 <sup>(a)</sup> | 1000000 | 1034906 |
| &nbsp;&nbsp; Series 2025-1, Class M1B, 6.15% (30 day avg SOFR US + 2.50%), 10/25/2035 <sup>(a)</sup> | 3400000 | 3418535 |
| &nbsp;&nbsp; Series 2025-1, Class M1C, 6.90% (30 day avg SOFR US + 3.25%), 10/25/2035 <sup>(a)</sup> | 3250000 | 3296036 |
| &nbsp;&nbsp; Series 2025-1, Class M2, 7.55% (30 day avg SOFR US + 3.90%), 10/25/2035 <sup>(a)</sup> | 5150000 | 5268174 |
| BRAVO Residential Funding Trust | BRAVO Residential Funding Trust | BRAVO Residential Funding Trust |
| &nbsp;&nbsp; Series 2021-NQM2, Class A2, 1.28%, 03/25/2060 <sup>(a)(b)</sup> | 47658 | 46948 |
| &nbsp;&nbsp; Series 2024-NQM4, Class A3, 4.35%, 01/25/2060 <sup>(a)(c)</sup> | 839393 | 811447 |
| &nbsp;&nbsp; Series 2025-HE1, Class B1, 5.80%, 09/25/2072 <sup>(a)(b)</sup> | 2500000 | 2495494 |
|  Brean Asset Backed Securities Trust, Series 2026-RM15, Class A1, 4.25%, 04/25/2066 <sup>(a)</sup> | 2000000 | 1922688 |
|  Builder Capital Loan Acquisition Trust, Series 2024-NPL1, Class A1B, 9.00%, 09/25/2029 <sup>(a)(c)</sup> | 2000000 | 1999311 |
|  Cascade Funding Mortgage Trust, Series 2024-R1, Class M1, 4.00%, 10/25/2054 <sup>(a)(c)</sup> | 1000000 | 946842 |
| Chase Mortgage Finance Corp. | Chase Mortgage Finance Corp. | Chase Mortgage Finance Corp. |
| &nbsp;&nbsp; Series 2024-4, Class B4, 6.12%, 03/25/2055 <sup>(a)(b)</sup> | 1990973 | 1931607 |
| &nbsp;&nbsp; Series 2024-5, Class B4, 6.17%, 04/25/2055 <sup>(a)(b)</sup> | 1859768 | 1803566 |
|  CIM Trust, Series 2022-R1, Class M3, 4.00%, 01/25/2061 <sup>(a)(b)</sup> | 1500000 | 1209442 |
|  Colony American Finance Ltd., Series 2020-4, Class D, 2.71%, 12/15/2052 <sup>(a)</sup> | 300000 | 265472 |
| COLT Funding LLC | COLT Funding LLC | COLT Funding LLC |
| &nbsp;&nbsp; Series 2021-5, Class B1, 4.19%, 11/26/2066 <sup>(a)(b)</sup> | 3500000 | 3062924 |
| &nbsp;&nbsp; Series 2021-HX1, Class B3A, 4.12%, 10/25/2066 <sup>(a)(b)</sup> | 2000000 | 1500285 |
| &nbsp;&nbsp; Series 2022-1, Class B2, 4.17%, 12/27/2066 <sup>(a)(b)</sup> | 3300000 | 2940392 |
| &nbsp;&nbsp; Series 2022-2, Class B1, 3.94%, 02/25/2067 <sup>(a)(b)</sup> | 3051299 | 2605310 |
| &nbsp;&nbsp; Series 2022-3, Class B1, 4.22%, 02/25/2067 <sup>(a)(b)</sup> | 2000000 | 1763189 |
| Credit Suisse Mortgage Capital Certificates | Credit Suisse Mortgage Capital Certificates | Credit Suisse Mortgage Capital Certificates |
| &nbsp;&nbsp; Series 2021-NQM2, Class M1, 2.28%, 02/25/2066 <sup>(a)(b)</sup> | 2700000 | 2091108 |
| &nbsp;&nbsp; Series 2021-NQM3, Class M1, 2.32%, 04/25/2066 <sup>(a)(b)</sup> | 4749498 | 3678102 |
| &nbsp;&nbsp; Series 2021-NQM5, Class A3, 1.35%, 05/25/2066 <sup>(a)(b)</sup> | 2254612 | 1888669 |
| &nbsp;&nbsp; Series 2021-NQM6, Class A3, 1.59%, 07/25/2066 <sup>(a)(b)</sup> | 1564509 | 1360903 |
| &nbsp;&nbsp; Series 2021-NQM8, Class A3, 2.41%, 10/25/2066 <sup>(a)(b)</sup> | 5341159 | 4725979 |
| &nbsp;&nbsp; Series 2022-ATH2, Class B1, 4.98%, 05/25/2067 <sup>(a)(b)</sup> | 2500000 | 2351975 |
| &nbsp;&nbsp; Series 2022-ATH2, Class B2, 4.98%, 05/25/2067 <sup>(a)(b)</sup> | 3000000 | 2587143 |
| Deephaven Residential Mortgage Trust | Deephaven Residential Mortgage Trust | Deephaven Residential Mortgage Trust |
| &nbsp;&nbsp; Series 2021-2, Class B1, 3.17%, 04/25/2066 <sup>(a)(b)</sup> | 400000 | 308727 |
| &nbsp;&nbsp; Series 2021-2, Class B2, 3.93%, 04/25/2066 <sup>(a)(b)</sup> | 1300000 | 1004996 |
| &nbsp;&nbsp; Series 2021-3, Class B1, 3.27%, 08/25/2066 <sup>(a)(b)</sup> | 2948000 | 2329174 |
| &nbsp;&nbsp; Series 2021-3, Class B2, 4.13%, 08/25/2066 <sup>(a)(b)</sup> | 1000000 | 799660 |
| &nbsp;&nbsp; Series 2022-1, Class B1, 4.26%, 01/25/2067 <sup>(a)(b)</sup> | 1750000 | 1465202 |
| &nbsp;&nbsp; Series 2022-1, Class B2, 4.26%, 01/25/2067 <sup>(a)(b)</sup> | 4000000 | 3124748 |
| &nbsp;&nbsp; Series 2022-3, Class A3, 5.30%, 07/25/2067 <sup>(a)(b)</sup> | 213290 | 216416 |
| &nbsp;&nbsp; Series 2022-3, Class B1, 5.28%, 07/25/2067 <sup>(a)(b)</sup> | 1243000 | 1181990 |
| &nbsp;&nbsp; Series 2025-CES1, Class B1, 6.97%, 10/25/2055 <sup>(a)(b)</sup> | 2500000 | 2500945 |
| &nbsp;&nbsp; Series 2025-CES1, Class B2, 7.91%, 10/25/2055 <sup>(a)(b)</sup> | 1250000 | 1246997 |
| &nbsp;&nbsp; Series 2025-INV1, Class B2, 7.10%, 11/25/2060 <sup>(a)(b)</sup> | 1000000 | 976142 |
| Ellington Financial Mortgage Trust | Ellington Financial Mortgage Trust | Ellington Financial Mortgage Trust |
| &nbsp;&nbsp; Series 2021-1, Class B2, 4.14%, 02/25/2066 <sup>(a)(b)</sup> | 1000000 | 791260 |
| &nbsp;&nbsp; Series 2021-2, Class B1, 3.20%, 06/25/2066 <sup>(a)(b)</sup> | 2315000 | 1727226 |
| &nbsp;&nbsp; Series 2021-2, Class M1, 2.30%, 06/25/2066 <sup>(a)(b)</sup> | 700000 | 498444 |
| &nbsp;&nbsp; Series 2021-3, Class B2, 4.29%, 09/25/2066 <sup>(a)(b)</sup> | 1500000 | 1121813 |
| &nbsp;&nbsp; Series 2022-1, Class B1, 3.86%, 01/25/2067 <sup>(a)(b)</sup> | 3810000 | 2993288 |
| &nbsp;&nbsp; Series 2022-4, Class B1, 5.84%, 09/25/2067 <sup>(a)(b)</sup> | 1500000 | 1491476 |
| &nbsp;&nbsp; Series 2024-NQM1, Class B3, 7.47%, 11/25/2069 <sup>(a)(b)</sup> | 400000 | 392442 |
| &nbsp;&nbsp; Series 2025-NQM1, Class B2, 7.43%, 01/25/2070 <sup>(a)(b)</sup> | 1804000 | 1805568 |
| &nbsp;&nbsp; Series 2026-CES1, Class B2, 7.95%, 12/25/2060 <sup>(a)(b)</sup> | 1220000 | 1214565 |
| &nbsp;&nbsp; Series 2026-NQM4, Class B2, 6.90%, 04/25/2071 <sup>(a)(b)</sup> | 2500000 | 2406502 |
|  FIGRE Trust, Series 2024-HE4, Class C, 5.30%, 09/25/2054 <sup>(a)(b)</sup> | 721710 | 719853 |
| GCAT Trust | GCAT Trust | GCAT Trust |
| &nbsp;&nbsp; Series 2021-NQM2, Class A3, 1.50%, 05/25/2066 <sup>(a)(b)</sup> | 171989 | 152050 |
| &nbsp;&nbsp; Series 2022-NQM2, Class A3, 4.21%, 02/25/2067 <sup>(a)(b)</sup> | 694025 | 655168 |
| GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust |
| &nbsp;&nbsp; Series 2021-MM1, Class A2, 2.50%, 04/25/2052 <sup>(a)(b)</sup> | 771519 | 639182 |
| &nbsp;&nbsp; Series 2024-HE1, Class B2, 7.65% (30 day avg SOFR US + 4.00%), 08/25/2054 <sup>(a)</sup> | 1000000 | 1008108 |
| &nbsp;&nbsp; Series 2024-PJ10, Class AX1, 0.65%, 04/25/2055 <sup>(a)(b)(d)</sup> | 45476695 | 377775 |
| &nbsp;&nbsp; Series 2024-PJ7, Class B4, 6.65%, 11/25/2054 <sup>(a)(b)</sup> | 1529000 | 1403680 |
| &nbsp;&nbsp; Series 2024-PJ8, Class B5, 6.79%, 02/25/2055 <sup>(a)(b)</sup> | 1262000 | 1110171 |
| &nbsp;&nbsp; Series 2024-PJ8, Class B6, 6.79%, 02/25/2055 <sup>(a)(b)</sup> | 1734641 | 1299720 |
| &nbsp;&nbsp; Series 2024-RPL2, Class M1, 4.11%, 07/25/2061 <sup>(a)(b)</sup> | 6730000 | 6407243 |
| &nbsp;&nbsp; Series 2024-RPL4, Class M1, 4.00%, 09/25/2061 <sup>(a)(b)</sup> | 1500000 | 1443322 |
| &nbsp;&nbsp; Series 2025-DSC1, Class B2, 7.17%, 06/25/2065 <sup>(a)(b)</sup> | 1000000 | 984237 |
| &nbsp;&nbsp; Series 2026-CES1, Class B1, 6.52%, 05/25/2056 <sup>(a)(b)</sup> | 1000000 | 992255 |
| &nbsp;&nbsp; Series 2026-CES1, Class B2, 7.66%, 05/25/2056 <sup>(a)(b)</sup> | 600000 | 595449 |
| &nbsp;&nbsp; Series 2026-DSC1, Class B2, 0.07%, 05/25/2066 <sup>(a)(b)</sup> | 2000000 | 1953593 |
|  Home RE Ltd., Series 2026-1, Class M2, 6.85% (30 day avg SOFR US + 3.20%), 01/25/2036 <sup>(a)</sup> | 2700000 | 2729188 |
| Imperial Fund Mortgage Trust | Imperial Fund Mortgage Trust | Imperial Fund Mortgage Trust |
| &nbsp;&nbsp; Series 2021-NQM1, Class B2, 4.36%, 06/25/2056 <sup>(a)(b)</sup> | 2000000 | 1662000 |
| &nbsp;&nbsp; Series 2022-NQM1, Class B2, 4.08%, 02/25/2067 <sup>(a)(b)</sup> | 2000000 | 1458205 |
| JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| &nbsp;&nbsp; Series 2014-2, Class B2, 3.34%, 06/25/2029 <sup>(a)(b)</sup> | 21186 | 20716 |
| &nbsp;&nbsp; Series 2020-3, Class B4, 3.83%, 08/25/2050 <sup>(a)(b)</sup> | 317166 | 284609 |
| &nbsp;&nbsp; Series 2020-4, Class B2, 3.61%, 11/25/2050 <sup>(a)(b)</sup> | 1105891 | 975472 |
| &nbsp;&nbsp; Series 2023-6, Class AX1, 0.20%, 12/26/2053 <sup>(a)(b)(d)</sup> | 31458941 | 57633 |
| &nbsp;&nbsp; Series 2023-6, Class B4, 6.07%, 12/26/2053 <sup>(a)(b)</sup> | 510140 | 442745 |
| &nbsp;&nbsp; Series 2023-7, Class B4, 6.12%, 02/25/2054 <sup>(a)(b)</sup> | 1035500 | 874745 |
| &nbsp;&nbsp; Series 2024-1, Class B6, 5.26%, 06/25/2054 <sup>(a)(b)</sup> | 2086219 | 1310494 |
| &nbsp;&nbsp; Series 2024-10, Class B4, 6.96%, 03/25/2055 <sup>(a)(b)</sup> | 3484110 | 3417256 |
| &nbsp;&nbsp; Series 2024-10, Class B5, 6.96%, 03/25/2055 <sup>(a)(b)</sup> | 1421000 | 1202639 |
| &nbsp;&nbsp; Series 2024-9, Class B5, 6.96%, 02/25/2055 <sup>(a)(b)</sup> | 1339000 | 1134166 |
| &nbsp;&nbsp; Series 2025-CES2, Class M1, 6.24%, 06/25/2055 <sup>(a)(c)</sup> | 1500000 | 1506732 |
|  Mello Mortgage Capital Acceptance, Series 2022-INV2, Class A15, 3.00%, 04/25/2052 <sup>(a)(b)</sup> | 390841 | 335281 |
| MFRA Trust | MFRA Trust | MFRA Trust |
| &nbsp;&nbsp; Series 2021-INV2, Class B1, 4.39%, 11/25/2056 <sup>(a)(b)</sup> | 1329000 | 1154111 |
| &nbsp;&nbsp; Series 2021-NQM2, Class A3, 1.47%, 11/25/2064 <sup>(a)(b)</sup> | 319347 | 289122 |
| Morgan Stanley Residential Mortgage Loan Trust | Morgan Stanley Residential Mortgage Loan Trust | Morgan Stanley Residential Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2023-3, Class B4, 6.53%, 09/25/2053 <sup>(a)(b)</sup> | 1198000 | 1101042 |
| &nbsp;&nbsp; Series 2026-RPL1, Class M1, 4.00%, 01/25/2064 <sup>(a)(c)</sup> | 2362000 | 2196609 |
| New Residential Mortgage Loan Trust | New Residential Mortgage Loan Trust | New Residential Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2015-1A, Class B6, 5.14%, 05/28/2052 <sup>(a)(b)</sup> | 844873 | 709093 |
| &nbsp;&nbsp; Series 2017-5A, Class B4, 5.70%, 06/25/2057 <sup>(a)(b)</sup> | 204293 | 200784 |
| &nbsp;&nbsp; Series 2019-2A, Class B6, 4.69%, 12/25/2057 <sup>(a)(b)</sup> | 1438534 | 1106387 |
| &nbsp;&nbsp; Series 2021-NQM3, Class B1, 3.40%, 11/27/2056 <sup>(a)(b)</sup> | 2000000 | 1653887 |
| &nbsp;&nbsp; Series 2025-NQM6, Class B2, 6.94%, 10/25/2065 <sup>(a)(b)</sup> | 3170000 | 3066904 |
| NMLT Trust | NMLT Trust | NMLT Trust |
| &nbsp;&nbsp; Series 2021-INV2, Class B2, 4.07%, 08/25/2056 <sup>(a)(b)</sup> | 1500000 | 1173755 |
| &nbsp;&nbsp; Series 2025-CES1, Class A3, 5.37%, 08/25/2060 <sup>(a)(c)</sup> | 1505000 | 1502743 |
|  Oaktown Re, Series 2021-2, Class M1B, 6.55% (30 day avg SOFR US + 2.90%), 04/25/2034 <sup>(a)</sup> | 662267 | 665899 |
|  Onslow Bay Mortgage Loan Trust, Series 2021-J2, Class A1, 2.50%, 07/25/2051 <sup>(a)(b)</sup> | 1450509 | 1204019 |
| Point Securitization Trust | Point Securitization Trust | Point Securitization Trust |
| &nbsp;&nbsp; Series 2025-2, Class A1, 5.75%, 10/25/2055 <sup>(a)(c)</sup> | 1496775 | 1486329 |
| &nbsp;&nbsp; Series 2026-1, Class A1, 5.25%, 02/25/2056 <sup>(a)(c)</sup> | 1000000 | 982905 |
| &nbsp;&nbsp; Series 2026-1, Class A2, 6.50%, 02/25/2056 <sup>(a)(c)</sup> | 1000000 | 980524 |
| Pretium Mortgage Credit Partners LLC | Pretium Mortgage Credit Partners LLC | Pretium Mortgage Credit Partners LLC |
| &nbsp;&nbsp; Series 2025-RPL1, Class A2, 4.00%, 07/25/2069 <sup>(a)(c)</sup> | 1500000 | 1447144 |
| &nbsp;&nbsp; Series 2025-RPL1, Class M2, 4.00%, 07/25/2069 <sup>(a)(c)</sup> | 1000000 | 926179 |
| &nbsp;&nbsp; Series 2025-RPL2, Class M1, 4.00%, 08/25/2064 <sup>(a)(c)</sup> | 6286000 | 5981546 |
| &nbsp;&nbsp; Series 2025-RPL4, Class M2, 4.00%, 03/25/2065 <sup>(a)(c)</sup> | 3000000 | 2703116 |
| &nbsp;&nbsp; Series 2025-RPL5, Class M1, 4.15%, 01/25/2070 <sup>(a)(c)</sup> | 2250000 | 2078710 |
| &nbsp;&nbsp; Series 2025-RPL5, Class M2, 4.15%, 01/25/2070 <sup>(a)(c)</sup> | 3000000 | 2705676 |
|  Progress Residential Trust, Series 2023-SFR2, Class D, 4.50%, 10/17/2040 <sup>(a)</sup> | 200000 | 195256 |
| PRPM LLC | PRPM LLC | PRPM LLC |
| &nbsp;&nbsp; Series 2022-NQM1, Class B1, 5.35%, 08/25/2067 <sup>(a)(b)</sup> | 1500000 | 1482931 |
| &nbsp;&nbsp; Series 2025-RCF4, Class M1A, 4.50%, 08/25/2055 <sup>(a)(c)</sup> | 2000000 | 1924756 |
| &nbsp;&nbsp; Series 2025-RCF5, Class M2, 5.50%, 10/25/2055 <sup>(a)(c)</sup> | 1850000 | 1774128 |
| &nbsp;&nbsp; Series 2025-RPL4, Class A3, 3.00%, 05/25/2055 <sup>(a)(c)</sup> | 2000000 | 1851042 |
| Radnor RE Ltd. | Radnor RE Ltd. | Radnor RE Ltd. |
| &nbsp;&nbsp; Series 2024-1, Class M1C, 7.15% (30 day avg SOFR US + 3.50%), 09/25/2034 <sup>(a)</sup> | 500000 | 505866 |
| &nbsp;&nbsp; Series 2024-1, Class M2, 7.65% (30 day avg SOFR US + 4.00%), 09/25/2034 <sup>(a)</sup> | 1000000 | 1023224 |
|  Rate Mortgage Trust, Series 2021-J3, Class A25, 2.50%, 10/25/2051 <sup>(a)(b)</sup> | 500000 | 338710 |
| RCKT Mortgage Trust | RCKT Mortgage Trust | RCKT Mortgage Trust |
| &nbsp;&nbsp; Series 2021-5, Class A1, 2.50%, 11/25/2051 <sup>(a)(b)</sup> | 5252787 | 4418650 |
| &nbsp;&nbsp; Series 2022-4, Class A2, 3.50%, 06/25/2052 <sup>(a)(b)</sup> | 2359070 | 2114582 |
| &nbsp;&nbsp; Series 2025-CES1, Class B2B, 6.64%, 01/25/2045 <sup>(a)(b)</sup> | 3000000 | 2969898 |
| &nbsp;&nbsp; Series 2025-CES3, Class B2B, 5.97%, 03/25/2055 <sup>(a)(b)</sup> | 2839000 | 2797224 |
| &nbsp;&nbsp; Series 2025-CES5, Class B2A, 8.05%, 05/25/2055 <sup>(a)(b)</sup> | 2730000 | 2760050 |
| Saluda Grade Mortgage Funding LLC | Saluda Grade Mortgage Funding LLC | Saluda Grade Mortgage Funding LLC |
| &nbsp;&nbsp; Series 2020-SEQ1, Class A1, 3.32%, 05/25/2050 <sup>(a)(b)</sup> | 92349 | 90336 |
| &nbsp;&nbsp; Series 2025-LOC5, Class B1, 7.40% (1 mo. Term SOFR + 3.75%), 10/25/2055 <sup>(a)</sup> | 1000000 | 1004769 |
| &nbsp;&nbsp; Series 2025-NPL2, Class A1, 7.77%, 05/25/2030 <sup>(a)(c)</sup> | 2119159 | 2135037 |
| &nbsp;&nbsp; Series 2026-HB1, Class B1, 7.10% (1 mo. Term SOFR + 3.45%), 04/25/2056 <sup>(a)</sup> | 1000000 | 1002638 |
| &nbsp;&nbsp; Series 2026-HB1, Class B2, 8.20% (1 mo. Term SOFR + 4.55%), 04/25/2056 <sup>(a)</sup> | 2523000 | 2490678 |
| &nbsp;&nbsp; Series 2026-NPL1, Class A1, 7.04%, 04/25/2031 <sup>(a)(c)</sup> | 7000000 | 7014651 |
| &nbsp;&nbsp; Series 2026-NPL1, Class A2, 8.90%, 04/25/2031 <sup>(a)(c)</sup> | 5000000 | 5009360 |
| Sequoia Mortgage Trust | Sequoia Mortgage Trust | Sequoia Mortgage Trust |
| &nbsp;&nbsp; Series 2018-2, Class A19, 3.50%, 02/25/2048 <sup>(a)(b)</sup> | 149464 | 134842 |
| &nbsp;&nbsp; Series 2023-2, Class B4, 4.98%, 03/25/2053 <sup>(a)(b)</sup> | 1379562 | 1267997 |
| &nbsp;&nbsp; Series 2023-4, Class B4, 5.69%, 11/25/2053 <sup>(a)(b)</sup> | 1441053 | 1283481 |
| &nbsp;&nbsp; Series 2024-2, Class B4, 5.97%, 03/25/2054 <sup>(a)(b)</sup> | 1413028 | 1322474 |
| SGR Residential Mortgage Trust | SGR Residential Mortgage Trust | SGR Residential Mortgage Trust |
| &nbsp;&nbsp; Series 2021-1, Class A3, 1.56%, 07/25/2061 <sup>(a)(b)</sup> | 1396600 | 1179108 |
| &nbsp;&nbsp; Series 2021-2, Class A2, 1.94%, 12/25/2061 <sup>(a)(b)</sup> | 514825 | 444813 |
| &nbsp;&nbsp; Series 2021-2, Class B2, 4.04%, 12/25/2061 <sup>(a)(b)</sup> | 910000 | 630640 |
| &nbsp;&nbsp; Series 2025-1, Class B2, 6.75%, 12/25/2065 <sup>(a)(b)</sup> | 2090000 | 2014267 |
| Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust |
| &nbsp;&nbsp; Series 2019-INV1, Class B1, 3.66%, 09/27/2049 <sup>(a)(b)</sup> | 500000 | 476622 |
| &nbsp;&nbsp; Series 2021-1, Class B1, 3.52%, 05/25/2065 <sup>(a)(b)</sup> | 600000 | 532771 |
| &nbsp;&nbsp; Series 2021-3, Class B2, 4.10%, 06/25/2056 <sup>(a)(b)</sup> | 3000000 | 2387730 |
| &nbsp;&nbsp; Series 2021-3, Class M1, 2.49%, 06/25/2056 <sup>(a)(b)</sup> | 1000000 | 784555 |
| &nbsp;&nbsp; Series 2021-4, Class B31, 4.68%, 08/25/2056 <sup>(a)(b)</sup> | 2460000 | 1731882 |
| &nbsp;&nbsp; Series 2022-3, Class A3, 4.16%, 03/25/2067 <sup>(a)(b)</sup> | 880373 | 831922 |
| Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust |
| &nbsp;&nbsp; Series 2017-6, Class B4, 3.25%, 10/25/2057 <sup>(a)(b)</sup> | 3000000 | 2242878 |
| &nbsp;&nbsp; Series 2018-5, Class B3, 3.47%, 07/25/2058 <sup>(a)(b)</sup> | 2000000 | 1398904 |
| &nbsp;&nbsp; Series 2019-1, Class B2, 3.77%, 03/25/2058 <sup>(a)(b)</sup> | 2000000 | 1582201 |
| &nbsp;&nbsp; Series 2021-SJ2, Class A2, 2.50%, 12/25/2061 <sup>(a)(b)</sup> | 2000000 | 1869636 |
|  Tricon American Homes Trust, Series 2020-SFR1, Class D, 2.55%, 07/17/2038 <sup>(a)</sup> | 200000 | 198166 |
| Unlock Hea Trust | Unlock Hea Trust | Unlock Hea Trust |
| &nbsp;&nbsp; Series 2023-1, Class B, 7.00%, 10/25/2038 <sup>(a)</sup> | 10000000 | 9908580 |
| &nbsp;&nbsp; Series 2025-2, Class A, 6.00%, 11/25/2041 <sup>(a)</sup> | 4892611 | 4848080 |
| &nbsp;&nbsp; Series 2025-2, Class B, 7.25%, 11/25/2041 <sup>(a)</sup> | 1000000 | 974721 |
| Verus Securitization Trust | Verus Securitization Trust | Verus Securitization Trust |
| &nbsp;&nbsp; Series 2021-1, Class M1, 1.97%, 01/25/2066 <sup>(a)(b)</sup> | 1926000 | 1617222 |
| &nbsp;&nbsp; Series 2021-3, Class B2, 3.96%, 06/25/2066 <sup>(a)(b)</sup> | 1257000 | 980825 |
| &nbsp;&nbsp; Series 2021-3, Class M1, 2.40%, 06/25/2066 <sup>(a)(b)</sup> | 1500000 | 1240491 |
| &nbsp;&nbsp; Series 2021-4, Class A3, 1.35%, 07/25/2066 <sup>(a)(b)</sup> | 518788 | 446821 |
| &nbsp;&nbsp; Series 2021-6, Class M1, 2.94%, 10/25/2066 <sup>(a)(b)</sup> | 290000 | 219513 |
| &nbsp;&nbsp; Series 2021-7, Class B1, 4.14%, 10/25/2066 <sup>(a)(b)</sup> | 400000 | 324544 |
| &nbsp;&nbsp; Series 2021-8, Class B1, 4.24%, 11/25/2066 <sup>(a)(b)</sup> | 2000000 | 1747270 |
| &nbsp;&nbsp; Series 2022-1, Class B2, 3.97%, 01/25/2067 <sup>(a)(b)</sup> | 3000000 | 2276569 |
| &nbsp;&nbsp; Series 2022-2, Class B1, 4.25%, 02/25/2067 <sup>(a)(b)</sup> | 3800000 | 3148823 |
| &nbsp;&nbsp; Series 2022-3, Class A3, 4.13%, 02/25/2067 <sup>(a)(b)</sup> | 1896973 | 1799756 |
| &nbsp;&nbsp; Series 2022-3, Class B2, 4.04%, 02/25/2067 <sup>(a)(b)</sup> | 1500000 | 1144082 |
| &nbsp;&nbsp; Series 2026-3, Class B2, 6.81%, 03/25/2071 <sup>(a)(b)</sup> | 1000000 | 967104 |
| Vista Point Securitization Trust | Vista Point Securitization Trust | Vista Point Securitization Trust |
| &nbsp;&nbsp; Series 2024-CES2, Class B2, 9.38%, 10/25/2054 <sup>(a)(b)</sup> | 7049000 | 7195255 |
| &nbsp;&nbsp; Series 2024-CES3, Class B2, 9.52%, 01/25/2055 <sup>(a)(b)</sup> | 2000000 | 2042590 |
| &nbsp;&nbsp; Series 2025-CES1, Class A3, 6.28%, 04/25/2055 <sup>(a)(c)</sup> | 1000000 | 1012682 |
| &nbsp;&nbsp; Series 2025-CES1, Class B2, 8.96%, 04/25/2055 <sup>(a)(b)</sup> | 2697000 | 2789378 |
| &nbsp;&nbsp; Series 2025-CES2, Class B1, 7.06%, 08/25/2055 <sup>(a)(b)</sup> | 3000000 | 3030114 |
| &nbsp;&nbsp; Series 2025-CES2, Class B2, 8.15%, 08/25/2055 <sup>(a)(b)</sup> | 3000000 | 3012748 |
| &nbsp;&nbsp; Series 2025-CES3, Class B1, 6.99%, 11/25/2055 <sup>(a)(b)</sup> | 4618000 | 4645670 |
| &nbsp;&nbsp; Series 2025-CES3, Class B2, 7.88%, 11/25/2055 <sup>(a)(b)</sup> | 1588000 | 1588342 |
| &nbsp;&nbsp; Series 2026-CES1, Class B1, 6.77%, 02/25/2056 <sup>(a)(b)</sup> | 2919000 | 2885234 |
| &nbsp;&nbsp; Series 2026-CES1, Class B2, 7.86%, 02/25/2056 <sup>(a)(b)</sup> | 2000000 | 1977336 |
| **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $298,501,204) | **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $298,501,204) | 298826121 |
| **CORPORATE OBLIGATIONS - 15.9%** | **Par**  | **Value**  |
| **Basic Materials - 1.2%** | **Basic Materials - 1.2%** | **Basic Materials - 1.2%** |
|  Barrick International Barbados Corp., 6.35%, 10/15/2036 <sup>(a)</sup> | 130000 | 140678 |
|  Capstone Copper Corp., 6.75%, 03/31/2033 <sup>(a)</sup> | 970000 | 987805 |
|  Celanese US Holdings LLC, 7.38%, 02/15/2034 | 630000 | 660060 |
|  Century Aluminum Co., 6.88%, 08/01/2032 <sup>(a)</sup> | 630000 | 652958 |
|  Cleveland-Cliffs, Inc., 7.63%, 01/15/2034 <sup>(a)</sup> | 1290000 | 1304034 |
|  Consolidated Energy Finance SA, 12.00%, 02/15/2031 <sup>(a)</sup> | 1140000 | 1169925 |
|  CVR Partners LP / CVR Nitrogen Finance Corp., 6.13%, 06/15/2028 <sup>(a)</sup> | 680000 | 680068 |
|  First Quantum Minerals Ltd., 7.25%, 02/15/2034 <sup>(a)</sup> | 2100000 | 2160619 |
|  Freeport-McMoRan, Inc., 5.40%, 11/14/2034 | 210000 | 213788 |
|  Magnera Corp., 4.75%, 11/15/2029 <sup>(a)</sup> | 720000 | 660114 |
|  Mercer International, Inc., 5.13%, 02/01/2029 | 420000 | 168382 |
|  Methanex US Operations, Inc., 6.25%, 03/15/2032 <sup>(a)</sup> | 1250000 | 1287089 |
|  Mosaic Co., 5.63%, 11/15/2043 | 225000 | 211535 |
|  Novelis Corp., 4.75%, 01/30/2030 <sup>(a)</sup> | 380000 | 364307 |
|  Nucor Corp., 5.10%, 06/01/2035 | 215000 | 217689 |
|  Nutrien Ltd., 4.13%, 03/15/2035 | 240000 | 220764 |
|  Olin Corp., 6.63%, 04/01/2033 <sup>(a)</sup> | 700000 | 694328 |
|  Taseko Mines Ltd., 8.25%, 05/01/2030 <sup>(a)</sup> | 1220000 | 1278677 |
|  |  | 13072820 |
| **Communications - 0.8%** | **Communications - 0.8%** | **Communications - 0.8%** |
|  AT&T, Inc., 4.90%, 08/15/2037 | 450000 | 430611 |
|  Cars.com, Inc., 6.38%, 11/01/2028 <sup>(a)</sup> | 300000 | 295117 |
|  Cogent Communications Group LLC / Cogent Finance, Inc., 6.50%, 07/01/2032 <sup>(a)</sup> | 1060000 | 984316 |
|  Comcast Corp., 6.50%, 11/15/2035 | 260000 | 284852 |
|  Directv Financing LLC / Directv Financing Co.-Obligor, Inc., 10.00%, 02/15/2031 <sup>(a)</sup> | 1790000 | 1863820 |
|  Gen Digital, Inc., 6.25%, 04/01/2033 <sup>(a)</sup> | 740000 | 721563 |
|  Gray Media, Inc., 5.38%, 11/15/2031 <sup>(a)</sup> | 1680000 | 1313684 |
|  Lamar Media Corp., 4.88%, 01/15/2029 | 370000 | 367890 |
|  Outfront Media Capital LLC / Outfront Media Capital Corp., 4.63%, 03/15/2030 <sup>(a)</sup> | 700000 | 681545 |
|  SV RNO Property Owner 1, LLC, 5.88%, 03/01/2031 <sup>(a)</sup> | 370000 | 363266 |
|  T-Mobile USA, Inc., 5.75%, 01/15/2034 | 275000 | 287164 |
|  Univision Communications, Inc., 4.50%, 05/01/2029 <sup>(a)</sup> | 770000 | 735193 |
|  Verizon Communications, Inc., 4.27%, 01/15/2036 | 470000 | 433813 |
|  |  | 8762834 |
| **Consumer, Cyclical - 1.7%** | **Consumer, Cyclical - 1.7%** | **Consumer, Cyclical - 1.7%** |
|  Adient Global Holdings Ltd., 7.50%, 02/15/2033 <sup>(a)</sup> | 640000 | 655014 |
|  American Axle & Manufacturing, Inc., 7.75%, 10/15/2033 <sup>(a)</sup> | 1310000 | 1279808 |
|  BorgWarner, Inc., 5.40%, 08/15/2034 | 215000 | 218517 |
|  Caesars Entertainment, Inc., 4.63%, 10/15/2029 <sup>(a)</sup> | 1410000 | 1361753 |
|  Carnival Corp., 6.13%, 02/15/2033 <sup>(a)</sup> | 540000 | 548213 |
|  Champ Acquisition Corp., 8.38%, 12/01/2031 <sup>(a)</sup> | 1230000 | 1298854 |
|  Cinemark USA, Inc., 7.00%, 08/01/2032 <sup>(a)</sup> | 1250000 | 1292725 |
|  Clarios Global LP / Clarios US Finance Co., 6.75%, 09/15/2032 <sup>(a)</sup> | 1420000 | 1453398 |
|  FirstCash Holdings, Inc., 6.13%, 05/01/2034 <sup>(a)(e)</sup> | 140000 | 139786 |
|  FirstCash, Inc., 4.63%, 09/01/2028 <sup>(a)</sup> | 740000 | 727984 |
|  Ford Motor Credit Co. LLC, 6.13%, 03/08/2034 | 145000 | 145685 |
|  General Motors Financial Co., Inc., 6.10%, 01/07/2034 | 205000 | 214136 |
|  Goodyear Tire & Rubber Co., 6.63%, 07/15/2030 | 1090000 | 1079657 |
|  K Hovnanian Enterprises, Inc., 8.38%, 10/01/2033 <sup>(a)</sup> | 730000 | 734085 |
|  Lithia Motors, Inc., 3.88%, 06/01/2029 <sup>(a)</sup> | 710000 | 680820 |
|  Lowe's Cos., Inc., 2.80%, 09/15/2041 | 305000 | 215946 |
|  Meritage Homes Corp., 5.65%, 03/15/2035 | 220000 | 221980 |
|  NCL Corp. Ltd., 6.25%, 09/15/2033 <sup>(a)</sup> | 680000 | 658601 |
|  New Flyer Holdings, Inc., 9.25%, 07/01/2030 <sup>(a)</sup> | 630000 | 680204 |
|  Newell Brands, Inc., 8.50%, 06/01/2028 <sup>(a)</sup> | 650000 | 679633 |
|  O'Reilly Automotive, Inc., 4.70%, 06/15/2032 | 220000 | 219299 |
|  Penn Entertainment, Inc., 6.75%, 04/01/2031 <sup>(a)</sup> | 730000 | 724383 |
| Phinia, Inc. | Phinia, Inc. | Phinia, Inc. |
| &nbsp;&nbsp; 6.75%, 04/15/2029 <sup>(a)</sup> | 145000 | 148595 |
| &nbsp;&nbsp; 6.63%, 10/15/2032 <sup>(a)</sup> | 640000 | 656211 |
|  PulteGroup, Inc., 6.38%, 05/15/2033 | 200000 | 215879 |
|  Resideo Funding, Inc., 6.50%, 07/15/2032 <sup>(a)</sup> | 720000 | 727521 |
|  Royal Caribbean Cruises Ltd., 6.00%, 02/01/2033 <sup>(a)</sup> | 285000 | 289443 |
|  Sally Holdings LLC / Sally Capital, Inc., 6.75%, 04/01/2032 | 640000 | 660066 |
|  Viking Cruises Ltd., 5.88%, 10/15/2033 <sup>(a)</sup> | 1280000 | 1283886 |
|  |  | 19212082 |
| **Consumer, Non-cyclical - 2.4%** | **Consumer, Non-cyclical - 2.4%** | **Consumer, Non-cyclical - 2.4%** |
|  Acadia Healthcare Co., Inc., 7.38%, 03/15/2033 <sup>(a)</sup> | 1270000 | 1300660 |
|  Agilent Technologies, Inc., 4.75%, 09/09/2034 | 295000 | 290791 |
|  Amgen, Inc., 5.25%, 03/02/2033 | 285000 | 291738 |
|  Amneal Pharmaceuticals LLC, 6.88%, 08/01/2032 <sup>(a)</sup> | 630000 | 655066 |
|  Ashtead Capital, Inc., 5.95%, 10/15/2033 <sup>(a)</sup> | 275000 | 285638 |
|  B&G Foods, Inc., 8.00%, 09/15/2028 <sup>(a)</sup> | 50000 | 49617 |
|  Baxter International, Inc., 2.54%, 02/01/2032 | 345000 | 293255 |
|  Belron UK Finance PLC, 5.75%, 10/15/2029 <sup>(a)</sup> | 360000 | 363842 |
|  Bio-Rad Laboratories, Inc., 3.70%, 03/15/2032 | 315000 | 293656 |
|  Brown-Forman Corp., 4.00%, 04/15/2038 | 240000 | 210457 |
|  Bunge Ltd. Finance Corp., 2.75%, 05/14/2031 | 320000 | 292543 |
|  Campbell's Co., 5.40%, 03/21/2034 | 290000 | 282091 |
|  Chobani Holdco LLC, 6.38%, 04/15/2034 <sup>(a)</sup> | 145000 | 148038 |
|  Conagra Brands, Inc., 5.30%, 11/01/2038 | 230000 | 214435 |
|  Concentra Health Services, Inc., 6.88%, 07/15/2032 <sup>(a)</sup> | 650000 | 674402 |
|  Constellation Brands, Inc., 4.90%, 05/01/2033 | 220000 | 217876 |
|  DaVita, Inc., 6.88%, 09/01/2032 <sup>(a)</sup> | 950000 | 981189 |
|  Dcli Bidco LLC, 7.75%, 11/15/2029 <sup>(a)</sup> | 670000 | 690535 |
|  EquipmentShare.com, Inc., 8.63%, 05/15/2032 <sup>(a)</sup> | 1030000 | 1093669 |
|  Fiesta Purchaser, Inc., 9.63%, 09/15/2032 <sup>(a)</sup> | 1250000 | 1295839 |
|  GE HealthCare Technologies, Inc., 5.50%, 06/15/2035 | 285000 | 289248 |
|  Global Payments, Inc., 5.40%, 08/15/2032 | 165000 | 164219 |
|  HCA, Inc., 5.45%, 09/15/2034 | 290000 | 293649 |
| Hertz Corp. | Hertz Corp. | Hertz Corp. |
| &nbsp;&nbsp; 12.63%, 07/15/2029 <sup>(a)</sup> | 720000 | 679230 |
| &nbsp;&nbsp; Series 2023-3A, Class D, 9.43%, 02/25/2028 <sup>(a)</sup> | 1000000 | 1016717 |
|  J.M. Smucker Co., 6.20%, 11/15/2033 | 270000 | 288020 |
|  JBS USA Food Co., 6.75%, 03/15/2034 | 25000 | 27185 |
|  Keurig Dr Pepper, Inc., 5.30%, 03/15/2034 | 285000 | 284445 |
|  Kraft Heinz Foods Co., 6.88%, 01/26/2039 | 200000 | 217889 |
|  Kroger Co., 5.00%, 09/15/2034 | 295000 | 291510 |
|  Mars, Inc., 5.20%, 03/01/2035 <sup>(a)</sup> | 285000 | 287642 |
|  Medline Borrower LP, 5.25%, 10/01/2029 <sup>(a)</sup> | 1020000 | 1015666 |
|  Molina Healthcare, Inc., 6.25%, 01/15/2033 <sup>(a)</sup> | 970000 | 969542 |
|  Molson Coors Beverage Co., 4.20%, 07/15/2046 | 185000 | 145297 |
|  Performance Food Group, Inc., 4.25%, 08/01/2029 <sup>(a)</sup> | 1000000 | 970219 |
|  Perrigo Finance Unlimited Co., 6.13%, 09/30/2032 | 1560000 | 1469080 |
|  Philip Morris International, Inc., 5.25%, 02/13/2034 | 285000 | 290505 |
|  Post Holdings, Inc., 6.38%, 03/01/2033 <sup>(a)</sup> | 1280000 | 1280328 |
|  Raven Acquisition Holdings LLC, 6.88%, 11/15/2031 <sup>(a)</sup> | 1330000 | 1317334 |
|  Royalty Pharma PLC, 3.30%, 09/02/2040 | 380000 | 291151 |
|  Simmons Foods, Inc., 4.63%, 03/01/2029 <sup>(a)</sup> | 1510000 | 1457903 |
|  Synergy Infrastructure Holdings LLC, 7.88%, 12/01/2030 <sup>(a)</sup> | 620000 | 652490 |
|  Tyson Foods, Inc., 4.88%, 08/15/2034 | 295000 | 290267 |
|  United Rentals North America, Inc., 6.00%, 12/15/2029 <sup>(a)</sup> | 145000 | 147573 |
|  Upbound Group, Inc., 6.38%, 02/15/2029 <sup>(a)</sup> | 740000 | 731855 |
|  US Foods, Inc., 7.25%, 01/15/2032 <sup>(a)</sup> | 350000 | 364492 |
|  VT Topco, Inc., 8.50%, 08/15/2030 <sup>(a)</sup> | 1280000 | 1311628 |
|  Zimmer Biomet Holdings, Inc., 2.60%, 11/24/2031 | 330000 | 295088 |
|  |  | 26765509 |
| **Diversified - 0.1%** | **Diversified - 0.1%** | **Diversified - 0.1%** |
|  Stena International SA, 7.25%, 01/15/2031 <sup>(a)</sup> | 990000 | 1007264 |
| **Energy - 2.0%** | **Energy - 2.0%** | **Energy - 2.0%** |
|  Alliance Resource Operating Partners LP / Alliance Resource Finance Corp., 8.63%, 06/15/2029 <sup>(a)</sup> | 1040000 | 1088049 |
|  Archrock Partners LP / Archrock Partners Finance Corp., 6.63%, 09/01/2032 <sup>(a)</sup> | 700000 | 722618 |
|  Borr IHC Ltd. / Borr Finance LLC, 10.38%, 11/15/2030 <sup>(a)</sup> | 636347 | 668285 |
|  Bristow Group, Inc., 6.75%, 02/01/2033 <sup>(a)</sup> | 340000 | 346174 |
|  Calumet Specialty Products Partners LP / Calumet Finance Corp., 9.75%, 02/15/2031 <sup>(a)</sup> | 1220000 | 1293672 |
|  Cheniere Corpus Christi Holdings LLC, 2.74%, 12/31/2039 | 260000 | 220189 |
|  Cheniere Energy Partners LP, 5.75%, 08/15/2034 | 210000 | 217918 |
|  Comstock Resources, Inc., 5.88%, 01/15/2030 <sup>(a)</sup> | 1330000 | 1289040 |
|  Continental Resources, Inc., 5.75%, 01/15/2031 <sup>(a)</sup> | 215000 | 219776 |
|  CVR Energy, Inc., 7.88%, 02/15/2034 <sup>(a)</sup> | 1290000 | 1294729 |
|  Energy Transfer LP, 7.38%, 02/01/2031 <sup>(a)</sup> | 140000 | 145032 |
|  Genesis Energy LP / Genesis Energy Finance Corp., 8.00%, 05/15/2033 | 1250000 | 1316520 |
|  Gulfport Energy Operating Corp., 6.75%, 09/01/2029 <sup>(a)</sup> | 660000 | 677926 |
|  Hess Corp., 7.13%, 03/15/2033 | 190000 | 216457 |
|  Hilcorp Energy I LP / Hilcorp Finance Co., 5.75%, 02/01/2029 <sup>(a)</sup> | 340000 | 339965 |
|  Howard Midstream Energy Partners LLC, 6.63%, 01/15/2034 <sup>(a)</sup> | 720000 | 732841 |
|  Kinder Morgan, Inc., 5.95%, 08/01/2054 | 220000 | 217262 |
|  Kinetik Holdings LP, 5.88%, 06/15/2030 <sup>(a)</sup> | 100000 | 100393 |
|  Kodiak Gas Services LLC, 6.50%, 10/01/2033 <sup>(a)</sup> | 660000 | 675468 |
|  Moss Creek Resources Holdings, Inc., 8.25%, 09/01/2031 <sup>(a)</sup> | 200000 | 202585 |
|  MPLX LP, 5.00%, 03/01/2033 | 220000 | 218963 |
|  ONEOK, Inc., 6.05%, 09/01/2033 | 210000 | 220959 |
|  PBF Holding Co. LLC / PBF Finance Corp., 7.88%, 09/15/2030 <sup>(a)</sup> | 670000 | 687140 |
|  Plains All American Pipeline LP / PAA Finance Corp., 5.70%, 09/15/2034 | 215000 | 220352 |
|  SunCoke Energy, Inc., 4.88%, 06/30/2029 <sup>(a)</sup> | 1590000 | 1467191 |
|  Sunoco LP, 7.88% to 09/18/2030 then 5 yr. CMT Rate + 4.23%, Perpetual <sup>(a)</sup> | 710000 | 735664 |
|  Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 6.75%, 03/15/2034 <sup>(a)</sup> | 1260000 | 1288131 |
|  Targa Resources Corp., 6.50%, 03/30/2034 | 200000 | 216922 |
|  TransMontaigne Partners LLC, 8.50%, 06/15/2030 <sup>(a)</sup> | 310000 | 321017 |
|  USA Compression Partners LP / USA Compression Finance Corp., 7.13%, 03/15/2029 <sup>(a)</sup> | 660000 | 682327 |
|  Venture Global LNG, Inc., 9.00% to 09/30/2029 then 5 yr. CMT Rate + 5.44%, Perpetual <sup>(a)</sup> | 2990000 | 2959286 |
|  Western Midstream Operating LP, 6.15%, 04/01/2033 | 210000 | 220363 |
|  Wildfire Intermediate Holdings LLC, 7.50%, 10/15/2029 <sup>(a)</sup> | 710000 | 731137 |
|  Williams Cos., Inc., 5.60%, 03/15/2035 | 210000 | 215275 |
|  |  | 22169626 |
| **Financial - 5.0%** | **Financial - 5.0%** | **Financial - 5.0%** |
|  AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 3.30%, 01/30/2032 | 320000 | 292567 |
|  Aircastle Ltd. / Aircastle Ireland DAC, 5.25%, 03/15/2030 <sup>(a)</sup> | 290000 | 293012 |
|  American Express Co., 5.28% to 07/26/2034 then SOFR + 1.42%, 07/26/2035 | 645000 | 653443 |
|  American Tower Corp., 5.55%, 07/15/2033 | 280000 | 288497 |
|  Apollo Debt Solutions BDC, 5.70%, 01/23/2031 <sup>(a)</sup> | 3070000 | 3018677 |
| Ares Capital Corp. | Ares Capital Corp. | Ares Capital Corp. |
| &nbsp;&nbsp; 5.10%, 01/15/2031 | 1945000 | 1887354 |
| &nbsp;&nbsp; 3.20%, 11/15/2031 | 170000 | 149067 |
|  Asurion LLC and Asurion Co.-Issuer, Inc., 8.00%, 12/31/2032 <sup>(a)</sup> | 100000 | 104520 |
|  Avolon Holdings Funding Ltd., 4.95%, 10/15/2032 <sup>(a)</sup> | 295000 | 287920 |
|  Bank of America Corp., 2.48% to 09/21/2031 then 5 yr. CMT Rate + 1.20%, 09/21/2036 | 845000 | 734828 |
|  Blackstone Mortgage Trust, Inc., 7.75%, 12/01/2029 <sup>(a)</sup> | 690000 | 734290 |
| Blackstone Private Credit Fund | Blackstone Private Credit Fund | Blackstone Private Credit Fund |
| &nbsp;&nbsp; 5.05%, 09/10/2030 | 233000 | 223393 |
| &nbsp;&nbsp; 6.00%, 01/29/2032 | 2871000 | 2821358 |
|  Burford Capital Global Finance LLC, 7.50%, 07/15/2033 <sup>(a)</sup> | 1600000 | 1316480 |
|  Capital One Financial Corp., 6.18% to 01/30/2035 then SOFR + 2.04%, 01/30/2036 | 605000 | 616470 |
|  Credit Acceptance Corp., 6.63%, 03/15/2030 <sup>(a)</sup> | 960000 | 958594 |
|  Crown Castle, Inc., 5.10%, 05/01/2033 | 290000 | 287706 |
|  Enact Holdings, Inc., 6.25%, 05/28/2029 | 215000 | 222286 |
|  Encore Capital Group, Inc., 6.63%, 04/15/2031 <sup>(a)</sup> | 670000 | 681370 |
|  EZCORP, Inc., 7.38%, 04/01/2032 <sup>(a)</sup> | 1030000 | 1091450 |
|  Fifth Third Bancorp, 5.63% to 01/29/2031 then SOFR + 1.84%, 01/29/2032 | 565000 | 583424 |
|  Freedom Mortgage Holdings LLC, 7.88%, 04/01/2033 <sup>(a)</sup> | 2700000 | 2634421 |
|  GGAM Finance Ltd., 5.88%, 03/15/2030 <sup>(a)</sup> | 980000 | 989673 |
|  Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/2027 <sup>(a)</sup> | 1940000 | 1970188 |
|  goeasy Ltd., 6.88%, 02/15/2031 <sup>(a)</sup> | 890000 | 740006 |
|  Goldman Sachs Group, Inc., 4.02% to 10/31/2037 then 3 mo. Term SOFR + 1.63%, 10/31/2038 | 695000 | 608416 |
| Goldman Sachs Private Credit Corp. | Goldman Sachs Private Credit Corp. | Goldman Sachs Private Credit Corp. |
| &nbsp;&nbsp; 5.88%, 01/31/2031 <sup>(a)</sup> | 2265000 | 2228280 |
| &nbsp;&nbsp; 6.15%, 06/16/2031 <sup>(a)</sup> | 875000 | 867877 |
|  Golub Capital BDC, Inc., 6.00%, 07/15/2029 | 1310000 | 1314140 |
|  HA Sustainable Infrastructure Capital, Inc., 7.13% to 11/15/2031 then 5 yr. CMT Rate + 3.48%, 11/15/2056 | 720000 | 727074 |
|  Jane Street Group / JSG Finance, Inc., 6.75%, 05/01/2033 <sup>(a)</sup> | 1250000 | 1284814 |
|  Jefferies Finance LLC / JFIN Co.-Issuer Corp., 6.63%, 10/15/2031 <sup>(a)</sup> | 710000 | 695057 |
|  Jefferson Capital Holdings LLC, 8.25%, 05/15/2030 <sup>(a)</sup> | 980000 | 1026100 |
|  JPMorgan Chase & Co., 4.95% to 10/22/2034 then SOFR + 1.34%, 10/22/2035 | 825000 | 816009 |
|  LPL Holdings, Inc., 4.38%, 05/15/2031 <sup>(a)</sup> | 300000 | 288207 |
|  M&T Bank Corp., 5.40% to 07/30/2030 then 5 yr. CMT Rate + 1.43%, 07/30/2035 | 585000 | 585691 |
|  Macquarie Airfinance Holdings Ltd., 6.50%, 03/26/2031 <sup>(a)</sup> | 275000 | 287547 |
|  Millrose Properties, Inc., 6.38%, 08/01/2030 <sup>(a)</sup> | 670000 | 679048 |
|  Morgan Stanley, 5.95% to 01/19/2033 then 5 yr. CMT Rate + 2.43%, 01/19/2038 | 595000 | 613179 |
|  Morgan Stanley Direct Lending Fund, 6.00%, 05/19/2030 | 3050000 | 3048593 |
|  NMI Holdings, Inc., 6.00%, 08/15/2029 | 215000 | 219809 |
|  OneMain Finance Corp., 7.13%, 11/15/2031 | 1450000 | 1471256 |
|  Panther Escrow Issuer LLC, 7.13%, 06/01/2031 <sup>(a)</sup> | 1280000 | 1286717 |
|  PennyMac Financial Services, Inc., 6.75%, 02/15/2034 <sup>(a)</sup> | 1000000 | 968753 |
|  PHH Corp., 9.88%, 11/01/2029 <sup>(a)</sup> | 960000 | 970257 |
|  Phoenix Aviation Capital Ltd., 9.25%, 07/15/2030 <sup>(a)</sup> | 1930000 | 1971298 |
|  PNC Financial Services Group, Inc., 5.68% to 01/22/2034 then SOFR + 1.90%, 01/22/2035 | 710000 | 732062 |
|  PRA Group, Inc., 5.00%, 10/01/2029 <sup>(a)</sup> | 1020000 | 968968 |
|  Provident Funding Associates LP / PFG Finance Corp., 9.75%, 09/15/2029 <sup>(a)</sup> | 930000 | 970743 |
|  Prudential Financial, Inc., 5.20%, 03/14/2035 | 290000 | 291662 |
|  Radian Group, Inc., 6.20%, 05/15/2029 | 210000 | 217271 |
|  RHP Hotel Properties LP / RHP Finance Corp., 6.50%, 04/01/2032 <sup>(a)</sup> | 350000 | 359358 |
|  Rocket Cos., Inc., 7.13%, 02/01/2032 <sup>(a)</sup> | 1240000 | 1282476 |
|  Starwood Property Trust, Inc., 5.75%, 01/15/2031 <sup>(a)</sup> | 680000 | 680185 |
|  Stonebriar ABF Issuer LLC, 8.13%, 12/15/2030 <sup>(a)</sup> | 330000 | 346810 |
|  Stonex Escrow Issuer LLC, 6.88%, 07/15/2032 <sup>(a)</sup> | 1250000 | 1293194 |
|  UBS Group AG, 5.70% to 02/08/2034 then 1 yr. CMT Rate + 1.77%, 02/08/2035 <sup>(a)</sup> | 635000 | 653803 |
|  Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC, 6.50%, 02/15/2029 <sup>(a)</sup> | 980000 | 963591 |
|  UWM Holdings LLC, 6.25%, 03/15/2031 <sup>(a)</sup> | 710000 | 658917 |
|  Velocity Commercial Capital LLC, 9.38%, 02/15/2031 <sup>(a)</sup> | 340000 | 352003 |
|  Walker & Dunlop, Inc., 6.63%, 04/01/2033 <sup>(a)</sup> | 740000 | 736350 |
|  Wells Fargo & Co., 5.56% to 07/25/2033 then SOFR + 1.99%, 07/25/2034 | 635000 | 652599 |
|  |  | 56699108 |
| **Industrial - 1.8%** | **Industrial - 1.8%** | **Industrial - 1.8%** |
|  Advanced Drainage Systems, Inc., 6.38%, 06/15/2030 <sup>(a)</sup> | 650000 | 659853 |
|  AmeriTex HoldCo Intermediate LLC, 7.63%, 08/15/2033 <sup>(a)</sup> | 1040000 | 1082353 |
|  Amphenol Corp., 5.25%, 04/05/2034 | 210000 | 215083 |
|  Arrow Electronics, Inc., 5.88%, 04/10/2034 | 315000 | 325349 |
|  Axon Enterprise, Inc., 6.25%, 03/15/2033 <sup>(a)</sup> | 640000 | 657133 |
|  Beacon Mobility Corp., 7.25%, 08/01/2030 <sup>(a)</sup> | 1050000 | 1094123 |
|  Brundage-Bone Concrete Pumping Holdings, Inc., 7.50%, 02/01/2032 <sup>(a)</sup> | 670000 | 681403 |
|  Builders FirstSource, Inc., 6.75%, 05/15/2035 <sup>(a)</sup> | 1260000 | 1274023 |
|  Burlington Northern Santa Fe LLC, 4.13%, 06/15/2047 | 300000 | 243079 |
|  Carrier Global Corp., 3.38%, 04/05/2040 | 180000 | 143703 |
|  Clydesdale Acquisition Holdings, Inc., 6.75%, 04/15/2032 <sup>(a)</sup> | 730000 | 687402 |
|  Coherent Corp., 5.00%, 12/15/2029 <sup>(a)</sup> | 730000 | 722628 |
|  CRH America Finance, Inc., 5.40%, 05/21/2034 | 280000 | 286120 |
|  CSX Corp., 6.15%, 05/01/2037 | 225000 | 243701 |
|  Enerflex, Inc., 6.88%, 01/15/2031 <sup>(a)</sup> | 700000 | 721503 |
|  Esab Corp., 5.63%, 04/01/2031 <sup>(a)</sup> | 360000 | 364215 |
|  FTAI Aviation Investors LLC, 5.88%, 04/15/2033 <sup>(a)</sup> | 670000 | 666983 |
|  GATX Corp., 5.50%, 06/15/2035 | 285000 | 288887 |
|  Genesee & Wyoming, Inc., 6.25%, 04/15/2032 <sup>(a)</sup> | 330000 | 338165 |
|  Knife River Corp., 7.75%, 05/01/2031 <sup>(a)</sup> | 650000 | 677165 |
|  Northrop Grumman Corp., 5.20%, 06/01/2054 | 230000 | 211123 |
|  Owens-Brockway Glass Container, Inc., 7.25%, 05/15/2031 <sup>(a)</sup> | 1310000 | 1253560 |
|  Quikrete Holdings, Inc., 6.75%, 03/01/2033 <sup>(a)</sup> | 660000 | 669685 |
|  Reworld Holding Corp., 4.88%, 12/01/2029 <sup>(a)</sup> | 680000 | 653432 |
|  Roller Bearing Co. of America, Inc., 4.38%, 10/15/2029 <sup>(a)</sup> | 370000 | 362243 |
|  RTX Corp., 6.10%, 03/15/2034 | 200000 | 215362 |
|  Seaspan Corp., 5.50%, 08/01/2029 <sup>(a)</sup> | 720000 | 688801 |
|  Sensata Technologies, Inc., 3.75%, 02/15/2031 <sup>(a)</sup> | 700000 | 650662 |
|  Smyrna Ready Mix Concrete LLC, 8.88%, 11/15/2031 <sup>(a)</sup> | 1260000 | 1320029 |
|  Standard Building Solutions, Inc., 6.50%, 08/15/2032 <sup>(a)</sup> | 650000 | 656939 |
|  Stonepeak Nile Parent LLC, 7.25%, 03/15/2032 <sup>(a)</sup> | 690000 | 722459 |
|  Trinity Industries, Inc., 7.75%, 07/15/2028 <sup>(a)</sup> | 640000 | 657322 |
|  Trivium Packaging Finance BV, 12.25%, 01/15/2031 <sup>(a)</sup> | 630000 | 687358 |
|  United Parcel Service, Inc., 5.50%, 05/22/2054 | 170000 | 163058 |
|  Waste Management, Inc., 4.88%, 02/15/2034 | 215000 | 217417 |
|  XPO, Inc., 7.13%, 06/01/2031 <sup>(a)</sup> | 330000 | 341860 |
|  |  | 20844181 |
| **Technology - 0.5%** | **Technology - 0.5%** | **Technology - 0.5%** |
|  Amkor Technology, Inc., 5.88%, 10/01/2033 <sup>(a)</sup> | 720000 | 724813 |
|  CACI International, Inc., 6.38%, 06/15/2033 <sup>(a)</sup> | 460000 | 470903 |
|  CDW LLC / CDW Finance Corp., 5.55%, 08/22/2034 | 330000 | 327066 |
|  Dell International LLC / EMC Corp., 4.85%, 02/01/2035 | 335000 | 326399 |
|  Fiserv, Inc., 5.25%, 08/11/2035 | 250000 | 244045 |
|  IBM International Capital Pte Ltd., 4.90%, 02/05/2034 | 295000 | 291362 |
|  MSCI, Inc., 5.25%, 09/01/2035 | 335000 | 329925 |
|  Oracle Corp., 3.90%, 05/15/2035 | 340000 | 287967 |
|  Roper Technologies, Inc., 1.75%, 02/15/2031 | 340000 | 294850 |
|  Unisys Corp., 10.63%, 01/15/2031 <sup>(a)</sup> | 1190000 | 1035609 |
|  VMware LLC, 2.20%, 08/15/2031 | 370000 | 327594 |
|  Zebra Technologies Corp., 6.50%, 06/01/2032 <sup>(a)</sup> | 670000 | 683449 |
|  |  | 5343982 |
| **Utilities - 0.4%** | **Utilities - 0.4%** | **Utilities - 0.4%** |
|  Berkshire Hathaway Energy Co., 6.13%, 04/01/2036 | 270000 | 289488 |
|  Duke Energy Florida LLC, 6.40%, 06/15/2038 | 265000 | 289988 |
|  Hawaiian Electric Co., Inc., 6.00%, 10/01/2033 <sup>(a)</sup> | 670000 | 672594 |
|  NRG Energy, Inc., 6.25%, 11/01/2034 <sup>(a)</sup> | 1270000 | 1285596 |
|  Virginia Electric and Power Co., 5.15%, 03/15/2035 | 290000 | 290490 |
| Vistra Operations Co. LLC | Vistra Operations Co. LLC | Vistra Operations Co. LLC |
| &nbsp;&nbsp; 6.88%, 04/15/2032 <sup>(a)</sup> | 650000 | 678846 |
| &nbsp;&nbsp; 6.00%, 04/15/2034 <sup>(a)</sup> | 280000 | 289151 |
|  VoltaGrid LLC, 7.38%, 11/01/2030 <sup>(a)</sup> | 650000 | 674951 |
|  |  | 4471104 |
| **TOTAL CORPORATE OBLIGATIONS** (Cost $178,871,548) | **TOTAL CORPORATE OBLIGATIONS** (Cost $178,871,548) | 178348510 |
| **RESIDENTIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY - 15.6%** | **Par**  | **Value**  |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Pool QJ0865, 5.50%, 08/01/2054 | 918770 | 932421 |
| &nbsp;&nbsp; Pool QJ7063, 5.50%, 10/01/2054 | 2163482 | 2184005 |
| &nbsp;&nbsp; Pool QJ7675, 6.00%, 11/01/2054 | 2295367 | 2386853 |
| &nbsp;&nbsp; Pool QJ7711, 5.00%, 11/01/2054 | 3253577 | 3212227 |
| &nbsp;&nbsp; Pool QX0791, 5.50%, 12/01/2054 | 1850128 | 1873416 |
| &nbsp;&nbsp; Pool RB5135, 2.00%, 11/01/2041 | 3403168 | 2955495 |
| &nbsp;&nbsp; Pool RB5146, 2.50%, 02/01/2042 | 2168521 | 1946989 |
| &nbsp;&nbsp; Pool RB5149, 2.50%, 03/01/2042 | 5647988 | 5046748 |
| &nbsp;&nbsp; Pool RQ0028, 6.00%, 07/01/2055 | 2501929 | 2555690 |
| &nbsp;&nbsp; Pool RQ0094, 5.00%, 02/01/2056 | 15738398 | 15518728 |
| &nbsp;&nbsp; Pool SD5007, 5.00%, 09/01/2053 | 911323 | 902235 |
| &nbsp;&nbsp; Pool SD6195, 5.00%, 10/01/2053 | 782538 | 774787 |
| &nbsp;&nbsp; Pool SD8492, 5.00%, 01/01/2055 | 9012535 | 8893310 |
| &nbsp;&nbsp; Pool SD8506, 5.50%, 02/01/2055 | 6269307 | 6307084 |
| &nbsp;&nbsp; Pool SD8516, 6.00%, 03/01/2055 | 6386469 | 6523698 |
| &nbsp;&nbsp; Pool SD8524, 5.50%, 04/01/2055 | 4805169 | 4834124 |
| &nbsp;&nbsp; Pool SL0716, 5.00%, 03/01/2055 | 3723550 | 3675900 |
| &nbsp;&nbsp; Pool SL0741, 6.00%, 02/01/2055 | 3916323 | 4036073 |
| &nbsp;&nbsp; Pool SL0817, 6.00%, 04/01/2055 | 3058841 | 3147551 |
| &nbsp;&nbsp; Pool SL1634, 2.50%, 07/01/2052 | 5603507 | 4731237 |
| &nbsp;&nbsp; Pool SL2624, 4.50%, 01/01/2054 | 6555802 | 6323504 |
| &nbsp;&nbsp; Pool SL3103, 6.50%, 10/01/2054 | 4659322 | 4858576 |
| &nbsp;&nbsp; Pool SL4432, 5.50%, 03/01/2056 | 5884468 | 5931796 |
| &nbsp;&nbsp; Pool SL4455, 4.50%, 03/01/2056 | 4993552 | 4810168 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; Pool BR0948, 2.00%, 04/01/2051 | 2864438 | 2315131 |
| &nbsp;&nbsp; Pool BW5186, 5.00%, 11/01/2052 | 803532 | 796644 |
| &nbsp;&nbsp; Pool BX0432, 6.00%, 11/01/2052 | 2685651 | 2767487 |
| &nbsp;&nbsp; Pool CA4149, 3.00%, 09/01/2049 | 8243245 | 7234739 |
| &nbsp;&nbsp; Pool CA8895, 2.50%, 02/01/2051 | 2028507 | 1707042 |
| &nbsp;&nbsp; Pool CB3000, 2.00%, 12/01/2051 | 4818288 | 3869928 |
| &nbsp;&nbsp; Pool CB7336, 5.50%, 10/01/2053 | 5104871 | 5149865 |
| &nbsp;&nbsp; Pool DB3770, 5.50%, 05/01/2054 | 717883 | 727918 |
| &nbsp;&nbsp; Pool DC3426, 5.00%, 09/01/2054 | 965387 | 962854 |
| &nbsp;&nbsp; Pool DC5739, 5.50%, 11/01/2054 | 1254254 | 1271620 |
| &nbsp;&nbsp; Pool FA4836, 5.50%, 07/01/2055 | 5883170 | 5943474 |
| &nbsp;&nbsp; Pool FP0069, 2.50%, 01/01/2052 | 3392707 | 2864866 |
| &nbsp;&nbsp; Pool FS4653, 5.50%, 05/01/2053 | 1088604 | 1099279 |
| &nbsp;&nbsp; Pool FS6738, 5.00%, 09/01/2053 | 2101661 | 2082867 |
| &nbsp;&nbsp; Pool FS8870, 5.00%, 09/01/2053 | 2495798 | 2473864 |
| &nbsp;&nbsp; Pool FS9192, 3.00%, 07/01/2052 | 3578175 | 3138702 |
| &nbsp;&nbsp; Pool FS9409, 5.50%, 10/01/2054 | 5207910 | 5277225 |
| &nbsp;&nbsp; Pool MA4364, 2.00%, 06/01/2041 | 3749903 | 3272876 |
| &nbsp;&nbsp; Pool MA4474, 2.00%, 11/01/2041 | 3950412 | 3430886 |
| &nbsp;&nbsp; Pool MA4511, 2.00%, 01/01/2052 | 1503857 | 1209634 |
| &nbsp;&nbsp; Pool MA5615, 6.00%, 02/01/2055 | 2906098 | 2968542 |
| &nbsp;&nbsp; Pool MA5736, 6.00%, 06/01/2055 | 4834692 | 4938578 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| &nbsp;&nbsp; Pool MA8490, 5.00%, 12/20/2052 | 724351 | 722761 |
| &nbsp;&nbsp; Pool MA8570, 5.50%, 01/20/2053 | 4047596 | 4113189 |
| &nbsp;&nbsp; Pool MA9018, 6.00%, 07/20/2053 | 513764 | 528202 |
| **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $175,365,050) | **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $175,365,050) | 175230788 |
| **ASSET-BACKED SECURITIES - 13.7%** | **Par**  | **Value**  |
| **Automobile - 8.2%** | **Automobile - 8.2%** | **Automobile - 8.2%** |
| AgoraCapital Auto Securities Trust | AgoraCapital Auto Securities Trust | AgoraCapital Auto Securities Trust |
| &nbsp;&nbsp; Series 2025-1A, Class B, 7.27%, 11/25/2032 <sup>(a)</sup> | 1000000 | 1009782 |
| &nbsp;&nbsp; Series 2025-1A, Class C, 10.17%, 11/25/2032 <sup>(a)</sup> | 500000 | 522421 |
|  American Credit Acceptance Receivables Trust, Series 2024-3, Class E, 7.92%, 03/12/2032 <sup>(a)</sup> | 3000000 | 3124626 |
|  Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class D, 5.82%, 01/15/2032 <sup>(a)</sup> | 500000 | 500903 |
| Avis Budget Car Rental LLC | Avis Budget Car Rental LLC | Avis Budget Car Rental LLC |
| &nbsp;&nbsp; Series 2021-2A, Class D, 4.08%, 02/20/2028 <sup>(a)</sup> | 2000000 | 1981151 |
| &nbsp;&nbsp; Series 2023-4A, Class D, 7.31%, 06/20/2029 <sup>(a)</sup> | 2250000 | 2281333 |
| &nbsp;&nbsp; Series 2023-7A, Class D, 7.31%, 08/21/2028 <sup>(a)</sup> | 1000000 | 1011268 |
| Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust |
| &nbsp;&nbsp; Series 2023-1, Class E, 10.37%, 07/15/2030 <sup>(a)</sup> | 3050000 | 3260948 |
| &nbsp;&nbsp; Series 2026-1, Class E, 6.63%, 02/15/2033 <sup>(a)</sup> | 1000000 | 991657 |
|  CarMax Select Receivables Trust, Series 2026-A, Class E, 6.56%, 02/15/2033 <sup>(a)</sup> | 1500000 | 1484171 |
|  CarNow Auto Receivables Trust, Series 2022-1A, Class D, 5.79%, 09/15/2027 <sup>(a)</sup> | 439475 | 266518 |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust |
| &nbsp;&nbsp; Series 2021-N4, Class E, 4.53%, 09/11/2028 <sup>(a)</sup> | 1265002 | 1250768 |
| &nbsp;&nbsp; Series 2022-N1, Class E, 6.01%, 12/11/2028 <sup>(a)</sup> | 602031 | 590358 |
| &nbsp;&nbsp; Series 2023-N2, Class E, 9.94%, 04/10/2030 <sup>(a)</sup> | 1500000 | 1562456 |
| &nbsp;&nbsp; Series 2023-N3, Class E, 9.49%, 09/10/2030 <sup>(a)</sup> | 2411000 | 2540870 |
|  Corporate One Auto Receivables Trust, Series 2026-1A, Class D, 5.48%, 07/15/2034 <sup>(a)</sup> | 250000 | 248465 |
| CPS Auto Trust | CPS Auto Trust | CPS Auto Trust |
| &nbsp;&nbsp; Series 2022-D, Class E, 12.12%, 06/17/2030 <sup>(a)</sup> | 4000000 | 4318365 |
| &nbsp;&nbsp; Series 2024-A, Class E, 8.42%, 08/15/2031 <sup>(a)</sup> | 5200000 | 5395876 |
| &nbsp;&nbsp; Series 2024-B, Class E, 8.36%, 11/17/2031 <sup>(a)</sup> | 1000000 | 1040336 |
| &nbsp;&nbsp; Series 2024-C, Class E, 8.04%, 03/15/2032 <sup>(a)</sup> | 1000000 | 1034766 |
| &nbsp;&nbsp; Series 2025-B, Class E, 7.95%, 03/15/2033 <sup>(a)</sup> | 1750000 | 1808236 |
| &nbsp;&nbsp; Series 2025-C, Class E, 6.59%, 02/15/2033 <sup>(a)</sup> | 1000000 | 986803 |
| &nbsp;&nbsp; Series 2025-D, Class E, 7.69%, 05/16/2033 <sup>(a)</sup> | 2500000 | 2547325 |
| Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2022-1A, Class E, 5.02%, 10/15/2029 <sup>(a)</sup> | 3000000 | 2973939 |
| &nbsp;&nbsp; Series 2022-2A, Class E, 6.34%, 10/15/2029 <sup>(a)</sup> | 1000000 | 968195 |
| &nbsp;&nbsp; Series 2022-5A, Class E, 10.45%, 04/15/2030 <sup>(a)</sup> | 2000000 | 2111778 |
| &nbsp;&nbsp; Series 2022-6A, Class E, 11.61%, 06/17/2030 <sup>(a)</sup> | 2000000 | 2094870 |
| &nbsp;&nbsp; Series 2024-1A, Class E, 7.89%, 08/15/2031 <sup>(a)</sup> | 1000000 | 1034488 |
| &nbsp;&nbsp; Series 2024-2A, Class E, 7.98%, 10/15/2031 <sup>(a)</sup> | 1354000 | 1403306 |
| &nbsp;&nbsp; Series 2024-3A, Class E, 7.84%, 10/15/2031 <sup>(a)</sup> | 2505000 | 2594486 |
| &nbsp;&nbsp; Series 2024-5A, Class E, 7.22%, 05/17/2032 <sup>(a)</sup> | 2414000 | 2471623 |
| &nbsp;&nbsp; Series 2026-2A, Class E, 7.54%, 11/15/2033 <sup>(a)</sup> | 1000000 | 1012842 |
|  FHF Trust, Series 2024-3A, Class D, 6.01%, 12/15/2031 <sup>(a)</sup> | 1000000 | 947305 |
|  FinBe USA Trust, Series 2025-1A, Class B, 6.60%, 12/16/2030 <sup>(a)</sup> | 1000000 | 981291 |
|  Flagship Credit Auto Trust, Series 2024-1, Class E, 8.60%, 05/15/2031 <sup>(a)</sup> | 585000 | 491456 |
| GLS Auto Receivables Trust | GLS Auto Receivables Trust | GLS Auto Receivables Trust |
| &nbsp;&nbsp; Series 2023-1A, Class E, 11.42%, 03/15/2030 <sup>(a)</sup> | 1000000 | 1074665 |
| &nbsp;&nbsp; Series 2023-3A, Class E, 9.27%, 08/15/2030 <sup>(a)</sup> | 1500000 | 1583259 |
| &nbsp;&nbsp; Series 2023-4A, Class E, 9.72%, 08/15/2030 <sup>(a)</sup> | 1000000 | 1075818 |
| &nbsp;&nbsp; Series 2024-3A, Class E, 7.25%, 06/16/2031 <sup>(a)</sup> | 1000000 | 1025307 |
| &nbsp;&nbsp; Series 2024-4A, Class E, 7.51%, 08/15/2031 <sup>(a)</sup> | 1826000 | 1888327 |
| &nbsp;&nbsp; Series 2025-3A, Class E, 6.52%, 08/16/2032 <sup>(a)</sup> | 1000000 | 995105 |
| &nbsp;&nbsp; Series 2026-1A, Class E, 6.51%, 03/15/2033 <sup>(a)</sup> | 1500000 | 1477734 |
| &nbsp;&nbsp; Series 2026-2A, Class E, 6.98%, 06/15/2033 <sup>(a)</sup> | 2000000 | 1999412 |
|  Hertz Corp., Series 2025-6A, Class D, 8.30%, 05/25/2032 <sup>(a)</sup> | 750000 | 751670 |
|  Lendbuzz Securitization Trust, Series 2026-1A, Class C, 5.74%, 09/15/2031 <sup>(a)</sup> | 682047 | 676888 |
| Lobel Automobile Receivables Trust | Lobel Automobile Receivables Trust | Lobel Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2023-2, Class D, 11.00%, 09/16/2030 <sup>(a)</sup> | 1000000 | 1042929 |
| &nbsp;&nbsp; Series 2026-1, Class E, 8.37%, 01/15/2031 <sup>(a)</sup> | 1250000 | 1197311 |
|  Luxury Lease Partners Auto Lease Trust, Series 2024-4, Class A, 7.29%, 07/15/2030 <sup>(a)</sup> | 99755 | 100060 |
| Prestige Auto Receivables Trust | Prestige Auto Receivables Trust | Prestige Auto Receivables Trust |
| &nbsp;&nbsp; Series 2022-1A, Class D, 8.08%, 08/15/2028 <sup>(a)</sup> | 23035 | 22933 |
| &nbsp;&nbsp; Series 2024-1A, Class E, 7.94%, 04/15/2031 <sup>(a)</sup> | 1975000 | 1982572 |
| &nbsp;&nbsp; Series 2024-2A, Class E, 6.75%, 11/17/2031 <sup>(a)</sup> | 750000 | 726518 |
| Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust | Research-Driven Pagaya Motor Asset Trust |
| &nbsp;&nbsp; Series 2025-5A, Class C, 5.47%, 06/26/2034 <sup>(a)</sup> | 3000000 | 2963837 |
| &nbsp;&nbsp; Series 2025-6A, Class C, 5.53%, 08/25/2034 <sup>(a)</sup> | 2000000 | 1972916 |
| &nbsp;&nbsp; Series 2025-6A, Class E, 10.53%, 08/25/2034 <sup>(a)</sup> | 250000 | 249403 |
| &nbsp;&nbsp; Series 2026-1A, Class B, 5.44%, 01/25/2035 <sup>(a)</sup> | 4000000 | 3969829 |
| &nbsp;&nbsp; Series 2026-2A, Class E1, 10.99%, 02/26/2035 <sup>(a)</sup> | 1000000 | 998686 |
| &nbsp;&nbsp; Series 2026-R1A, Class B, 6.21%, 07/25/2034 <sup>(a)</sup> | 1250000 | 1251944 |
| &nbsp;&nbsp; Series 2026-R1A, Class D, 7.72%, 07/25/2034 <sup>(a)</sup> | 1250000 | 1233773 |
|  SAFCO Auto Receivables Trust, Series 2025-1A, Class D, 6.60%, 12/10/2030 <sup>(a)</sup> | 1000000 | 995047 |
|  Santander Holdings USA, Inc., Series 2024-A, Class F, 10.17%, 06/15/2032 <sup>(a)</sup> | 160524 | 164765 |
|  SBNA Auto Receivables Trust, Series 2024-A, Class E, 8.00%, 04/15/2032 <sup>(a)</sup> | 1500000 | 1547718 |
|  Securitized Term Auto Receivables Trust, Series 2025-A, Class D, 6.75%, 07/25/2031 <sup>(a)</sup> | 519338 | 529146 |
|  Strike Acceptance Auto Funding Trust, Series 2023-1A, Class A, 8.00%, 05/15/2026 <sup>(a)</sup> | 85877 | 86227 |
|  |  | 92428780 |
| **Consumer - 4.9%** | **Consumer - 4.9%** | **Consumer - 4.9%** |
|  ACHD Trust, Series 2025-DS1, Class C, 11.33%, 01/09/2034 <sup>(a)</sup> | 1000000 | 1004632 |
| ACHV ABS Trust | ACHV ABS Trust | ACHV ABS Trust |
| &nbsp;&nbsp; Series 2024-2PL, Class D, 6.40%, 10/27/2031 <sup>(a)</sup> | 2554904 | 2575294 |
| &nbsp;&nbsp; Series 2025-1PL, Class E, 6.50%, 04/26/2032 <sup>(a)</sup> | 2877826 | 2871794 |
|  Affirm, Inc., Series 2024-B, Class E, 7.35%, 09/15/2029 <sup>(a)</sup> | 1000000 | 1001156 |
|  AMCR ABS Trust, Series 2026-A, Class C, 9.84%, 05/18/2033 <sup>(a)</sup> | 750000 | 765479 |
|  AMDR ABS Trust, Series 2025-1A, Class A, 6.38%, 12/19/2033 <sup>(a)</sup> | 220399 | 220971 |
| Aqua Finance Trust | Aqua Finance Trust | Aqua Finance Trust |
| &nbsp;&nbsp; Series 2019-A, Class D, 6.07%, 07/16/2040 <sup>(a)</sup> | 745674 | 743860 |
| &nbsp;&nbsp; Series 2021-A, Class C, 3.14%, 07/17/2046 <sup>(a)</sup> | 164510 | 152900 |
|  Bankers Healthcare Group, Inc., Series 2022-C, Class E, 9.73%, 10/17/2035 <sup>(a)</sup> | 500000 | 528203 |
| Foundation Finance Trust | Foundation Finance Trust | Foundation Finance Trust |
| &nbsp;&nbsp; Series 2021-1A, Class D, 4.96%, 05/15/2041 <sup>(a)</sup> | 56308 | 55136 |
| &nbsp;&nbsp; Series 2025-2A, Class E, 8.35%, 04/15/2052 <sup>(a)</sup> | 335847 | 330730 |
| Marlette Funding Trust | Marlette Funding Trust | Marlette Funding Trust |
| &nbsp;&nbsp; Series 2023-1A, Class D, 8.15%, 04/15/2033 <sup>(a)</sup> | 5306548 | 5382778 |
| &nbsp;&nbsp; Series 2023-2A, Class D, 7.92%, 06/15/2033 <sup>(a)</sup> | 3000000 | 3046651 |
| Momnt Technologies Trust | Momnt Technologies Trust | Momnt Technologies Trust |
| &nbsp;&nbsp; Series 2023-1A, Class B, 8.29%, 03/20/2045 <sup>(a)</sup> | 100000 | 102578 |
| &nbsp;&nbsp; Series 2023-1A, Class C, 11.24%, 03/20/2045 <sup>(a)</sup> | 100000 | 39506 |
| Oportun Financial Corp. | Oportun Financial Corp. | Oportun Financial Corp. |
| &nbsp;&nbsp; Series 2021-B, Class D, 5.41%, 05/08/2031 <sup>(a)</sup> | 254405 | 252943 |
| &nbsp;&nbsp; Series 2024-3, Class D, 9.60%, 08/15/2029 <sup>(a)</sup> | 1500000 | 1513987 |
| &nbsp;&nbsp; Series 2025-D, Class D, 6.97%, 02/08/2033 <sup>(a)</sup> | 500000 | 503930 |
| &nbsp;&nbsp; Series 2025-D, Class E, 10.82%, 02/08/2033 <sup>(a)</sup> | 300000 | 300968 |
| &nbsp;&nbsp; Series 2026-A, Class D, 6.28%, 01/09/2034 <sup>(a)</sup> | 1000000 | 996879 |
| &nbsp;&nbsp; Series 2026-A, Class E, 9.38%, 01/09/2034 <sup>(a)</sup> | 500000 | 499119 |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust |
| &nbsp;&nbsp; Series 2021-1, Class C, 4.09%, 11/15/2027 <sup>(a)</sup> | 1611 | 1605 |
| &nbsp;&nbsp; Series 2021-5, Class C, 3.93%, 08/15/2029 <sup>(a)</sup> | 40806 | 40500 |
| &nbsp;&nbsp; Series 2022-2, Class C, 7.50%, 01/15/2030 <sup>(a)</sup> | 181323 | 181634 |
| &nbsp;&nbsp; Series 2024-10, Class F, 12.00%, 06/15/2032 <sup>(a)</sup> | 914249 | 835178 |
| &nbsp;&nbsp; Series 2024-7, Class D, 10.90%, 12/15/2031 <sup>(a)</sup> | 226039 | 229446 |
| &nbsp;&nbsp; Series 2025-5, Class E, 9.70%, 03/15/2033 <sup>(a)</sup> | 1287450 | 1291326 |
| &nbsp;&nbsp; Series 2025-6, Class E, 8.48%, 04/15/2033 <sup>(a)</sup> | 1999816 | 1991152 |
| &nbsp;&nbsp; Series 2025-7, Class E, 8.89%, 05/15/2033 <sup>(a)</sup> | 499911 | 496570 |
| &nbsp;&nbsp; Series 2025-8, Class E, 9.57%, 07/15/2033 <sup>(a)</sup> | 999656 | 1000190 |
| &nbsp;&nbsp; Series 2025-R1, Class E, 12.11%, 06/15/2032 <sup>(a)</sup> | 53977 | 55113 |
| &nbsp;&nbsp; Series 2025-R2, Class D, 5.80%, 10/15/2032 <sup>(a)</sup> | 2008103 | 1996262 |
| &nbsp;&nbsp; Series 2025-R3, Class E, 8.93%, 01/18/2033 <sup>(a)</sup> | 1171440 | 1167044 |
| &nbsp;&nbsp; Series 2026-1, Class B, 5.37%, 09/15/2033 <sup>(a)</sup> | 2000000 | 1994443 |
| &nbsp;&nbsp; Series 2026-1, Class E, 9.23%, 09/15/2033 <sup>(a)</sup> | 1735000 | 1722663 |
| &nbsp;&nbsp; Series 2026-2, Class D, 6.78%, 11/15/2033 <sup>(a)</sup> | 3500000 | 3501419 |
| &nbsp;&nbsp; Series 2026-R1, Class D, 5.75%, 12/15/2033 <sup>(a)</sup> | 2000000 | 1983264 |
| &nbsp;&nbsp; Series 2026-R1, Class E, 9.29%, 12/15/2033 <sup>(a)</sup> | 1500000 | 1498251 |
| &nbsp;&nbsp; Series 2026-R2, Class C, 6.22%, 02/15/2034 <sup>(a)</sup> | 1000000 | 1000638 |
|  Pagaya Technologies Ltd., Series 2025-1, Class E, 11.28%, 01/20/2034 <sup>(a)</sup> | 750000 | 764247 |
|  Powerpay Securitization Funding LLC, Series 2024-1A, Class B, 8.46%, 02/18/2039 <sup>(a)</sup> | 288242 | 293756 |
|  Prosper Marketplace Issuance Trust, Series 2024-1A, Class D, 10.98%, 08/15/2029 <sup>(a)</sup> | 500000 | 504965 |
|  Purchasing Power Funding, Series 2026-A, Class E, 7.54%, 08/15/2030 <sup>(a)</sup> | 500000 | 496486 |
|  RCKT Mortgage Trust, Series 2025-2A, Class E, 7.83%, 11/27/2034 <sup>(a)</sup> | 1000000 | 977251 |
| Republic Finance Issuance Trust | Republic Finance Issuance Trust | Republic Finance Issuance Trust |
| &nbsp;&nbsp; Series 2024-A, Class C, 7.28%, 08/20/2032 <sup>(a)</sup> | 400000 | 402655 |
| &nbsp;&nbsp; Series 2024-A, Class D, 9.49%, 08/20/2032 <sup>(a)</sup> | 250000 | 252332 |
|  Theorem Funding Trust, Series 2022-2A, Class B, 9.27%, 12/15/2028 <sup>(a)</sup> | 140373 | 140590 |
|  Upgrade Receivables Trust, Series 2024-1A, Class D, 8.90%, 02/18/2031 <sup>(a)</sup> | 2000000 | 2065268 |
| Upstart Securitization Trust | Upstart Securitization Trust | Upstart Securitization Trust |
| &nbsp;&nbsp; Series 2023-2, Class C, 11.87%, 06/20/2033 <sup>(a)</sup> | 1000000 | 1045162 |
| &nbsp;&nbsp; Series 2025-4, Class D, 7.67%, 11/20/2035 <sup>(a)</sup> | 2000000 | 2030466 |
| &nbsp;&nbsp; Series 2026-1, Class D, 7.32%, 03/20/2036 <sup>(a)</sup> | 2250000 | 2257733 |
|  |  | 55107103 |
| **Credit Card - 0.1%** | **Credit Card - 0.1%** | **Credit Card - 0.1%** |
|  Avant Credit Card Master Trust, Series 2024-1A, Class C, 6.23%, 04/15/2030 <sup>(a)</sup> | 500000 | 502783 |
| **Equipment - 0.5%** | **Equipment - 0.5%** | **Equipment - 0.5%** |
| Octane Receivables Trust | Octane Receivables Trust | Octane Receivables Trust |
| &nbsp;&nbsp; Series 2023-3A, Class E, 10.92%, 05/20/2031 <sup>(a)</sup> | 2000000 | 2140512 |
| &nbsp;&nbsp; Series 2024-2A, Class E, 9.04%, 07/20/2032 <sup>(a)</sup> | 2750000 | 2905959 |
| &nbsp;&nbsp; Series 2024-RVM1, Class E, 8.42%, 01/22/2046 <sup>(a)</sup> | 1000000 | 1057086 |
|  |  | 6103557 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $153,894,316) | **TOTAL ASSET-BACKED SECURITIES** (Cost $153,894,316) | 154142223 |
| **COLLATERALIZED LOAN OBLIGATIONS - 12.1%** | **Par**  | **Value**  |
|  AB BSL CLO Ltd., Series 2025-6A, Class D2, 8.48%, 07/20/2037 <sup>(a)</sup> | 2000000 | 1999986 |
|  AMMC CLO Ltd., Series 2025-32A, Class D2, 8.08%, 10/17/2038 <sup>(a)</sup> | 4000000 | 3993752 |
|  Anchorage Credit Funding Ltd., Series 2016-3A, Class A2R, 6.03% (3 mo. Term SOFR + 2.36%), 01/28/2039 <sup>(a)</sup> | 1230805 | 1231263 |
|  Antares CLO Ltd., Series 2026-1A, Class C, 5.78% (3 mo. Term SOFR + 2.10%), 04/20/2039 <sup>(a)</sup> | 4500000 | 4477500 |
|  Anthelion CLO Ltd., Series 2025-2A, Class D1, 6.87% (3 mo. Term SOFR + 3.20%), 04/20/2039 <sup>(a)</sup> | 2000000 | 2006524 |
|  Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class AS, 6.29% (1 mo. Term SOFR + 2.64%), 01/20/2041 <sup>(a)</sup> | 1000000 | 1006117 |
| Ares CLO Ltd. | Ares CLO Ltd. | Ares CLO Ltd. |
| &nbsp;&nbsp; Series 2023-70A, Class ER, 9.17% (3 mo. Term SOFR + 5.50%), 01/25/2039 <sup>(a)</sup> | 2000000 | 1956498 |
| &nbsp;&nbsp; Series 2026-81A, Class E, 0.00% (3 mo. Term SOFR + 5.60%), 07/15/2039 <sup>(a)</sup> | 1000000 | 1000000 |
|  Audax Senior Debt CLO, LLC, Series 2021-6A, Class DR, 6.88% (3 mo. Term SOFR + 3.20%), 10/20/2037 <sup>(a)</sup> | 3500000 | 3373125 |
|  BCRED MML CLO LLC, Series 2021-1A, Class B, 5.83% (3 mo. Term SOFR + 2.16%), 01/15/2035 <sup>(a)</sup> | 2675000 | 2678833 |
|  Black Diamond CLO Ltd., Series 2022-1A, Class D1R, 6.97% (3 mo. Term SOFR + 3.30%), 04/25/2039 <sup>(a)</sup> | 1250000 | 1250000 |
|  Blackrock CLO Ltd., Series 2021-6A, Class DR, 8.38% (3 mo. Term SOFR + 4.70%), 04/20/2037 <sup>(a)</sup> | 5000000 | 4737500 |
|  BXDL Static CLO LLC, Series 2025-1A, Class C, 5.88% (3 mo. Term SOFR + 2.20%), 07/20/2035 <sup>(a)</sup> | 1925000 | 1921654 |
|  Carlyle Global Market Strategies, Series 2019-1A, Class CR2, 6.28% (3 mo. Term SOFR + 2.60%), 04/20/2031 <sup>(a)</sup> | 2400000 | 2406278 |
|  Cedar Funding Ltd., Series 2022-15A, Class D1R, 6.93% (3 mo. Term SOFR + 3.25%), 01/20/2039 <sup>(a)</sup> | 2250000 | 2257400 |
|  Cent CLO Ltd., Series 2018-27A, Class B1R, 5.73% (3 mo. Term SOFR + 2.06%), 01/25/2035 <sup>(a)</sup> | 3850000 | 3856807 |
| Cerberus Loan Funding LP | Cerberus Loan Funding LP | Cerberus Loan Funding LP |
| &nbsp;&nbsp; Series 2023-1A, Class C, 8.07% (3 mo. Term SOFR + 4.40%), 03/22/2035 <sup>(a)</sup> | 1500000 | 1500000 |
| &nbsp;&nbsp; Series 2023-1A, Class CR, 0.00% (3 mo. Term SOFR + 2.65%), 03/22/2035 <sup>(a)(e)</sup> | 4000000 | 4000000 |
| &nbsp;&nbsp; Series 2023-2A, Class D2, 12.17% (3 mo. Term SOFR + 8.50%), 07/15/2035 <sup>(a)</sup> | 1900000 | 1888889 |
| &nbsp;&nbsp; Series 2024-1A, Class A, 5.57% (3 mo. Term SOFR + 1.90%), 04/15/2036 <sup>(a)</sup> | 5000000 | 5007095 |
| CQS US CLO Ltd. | CQS US CLO Ltd. | CQS US CLO Ltd. |
| &nbsp;&nbsp; Series 2025-5A, Class D1, 6.96% (3 mo. Term SOFR + 3.15%), 01/17/2039 <sup>(a)</sup> | 1000000 | 1004606 |
| &nbsp;&nbsp; Series 2026-6A, Class D1, 6.88% (3 mo. Term SOFR + 3.20%), 03/31/2039 <sup>(a)</sup> | 4000000 | 4000000 |
|  Crown Point CLO Ltd., Series 2021-10A, Class D, 7.44% (3 mo. Term SOFR + 3.76%), 07/20/2034 <sup>(a)</sup> | 2000000 | 1985108 |
|  Deerpath Capital CLO Ltd., Series 2024-1A, Class D, 8.92% (3 mo. Term SOFR + 5.25%), 07/15/2036 <sup>(a)</sup> | 3500000 | 3508754 |
| Dryden Senior Loan Fund | Dryden Senior Loan Fund | Dryden Senior Loan Fund |
| &nbsp;&nbsp; Series 2018-64A, Class D, 6.59% (3 mo. Term SOFR + 2.91%), 04/18/2031 <sup>(a)</sup> | 1500000 | 1507137 |
| &nbsp;&nbsp; Series 2023-107A, Class D1R, 6.55% (3 mo. Term SOFR + 2.90%), 08/15/2038 <sup>(a)</sup> | 3650000 | 3652274 |
| &nbsp;&nbsp; Series 2024-119A, Class D2, 9.07% (3 mo. Term SOFR + 5.40%), 04/15/2036 <sup>(a)</sup> | 2000000 | 2003140 |
|  Eldridge CLO Ltd., Series 2025-1A, Class D2, 7.78% (3 mo. Term SOFR + 4.10%), 10/20/2038 <sup>(a)</sup> | 2250000 | 2257191 |
| Fortress Credit Opportunities | Fortress Credit Opportunities | Fortress Credit Opportunities |
| &nbsp;&nbsp; Series 2025-29A, Class D, 7.18% (3 mo. Term SOFR + 3.50%), 04/20/2033 <sup>(a)</sup> | 2500000 | 2434170 |
| &nbsp;&nbsp; Series 2025-37A, Class B, 6.28% (3 mo. Term SOFR + 2.60%), 07/20/2033 <sup>(a)</sup> | 2500000 | 2508225 |
| Gallatin CLO Ltd. | Gallatin CLO Ltd. | Gallatin CLO Ltd. |
| &nbsp;&nbsp; Series 2023-1A, Class D1R, 7.27% (3 mo. Term SOFR + 3.60%), 10/14/2036 <sup>(a)</sup> | 2000000 | 2009846 |
| &nbsp;&nbsp; Series 2024-1A, Class D1, 7.68% (3 mo. Term SOFR + 4.00%), 10/20/2037 <sup>(a)</sup> | 4000000 | 4017588 |
|  Golub Capital Partners CLO Ltd., Series 2025-80A, Class D, 6.76% (3 mo. Term SOFR + 3.10%), 05/09/2039 <sup>(a)</sup> | 2500000 | 2396875 |
|  HPS Private Credit CLO LLC, Series 2024-2A, Class C, 6.90% (3 mo. Term SOFR + 3.25%), 05/15/2036 <sup>(a)</sup> | 4000000 | 4003284 |
|  Madison Park Funding Ltd., Series 2019-37A, Class BR2, 5.62% (3 mo. Term SOFR + 1.95%), 04/15/2037 <sup>(a)</sup> | 1750000 | 1752265 |
| Marble Point CLO Ltd. | Marble Point CLO Ltd. | Marble Point CLO Ltd. |
| &nbsp;&nbsp; Series 2020-1A, Class D1R, 7.33% (3 mo. Term SOFR + 3.65%), 07/20/2037 <sup>(a)</sup> | 3000000 | 3007473 |
| &nbsp;&nbsp; Series 2020-3A, Class D1R2, 6.68% (3 mo. Term SOFR + 3.00%), 10/19/2038 <sup>(a)</sup> | 2000000 | 1999940 |
| Monroe Capital CLO Ltd. | Monroe Capital CLO Ltd. | Monroe Capital CLO Ltd. |
| &nbsp;&nbsp; Series 2019-1A, Class DR, 7.73% (3 mo. Term SOFR + 4.06%), 11/22/2033 <sup>(a)</sup> | 2000000 | 1922892 |
| &nbsp;&nbsp; Series 2021-2A, Class C, 6.59% (3 mo. Term SOFR + 2.91%), 09/14/2033 <sup>(a)</sup> | 500000 | 500460 |
|  Mountain Point CLO Ltd., Series 2026-1A, Class D1, 6.97% (3 mo. Term SOFR + 3.25%), 04/20/2039 <sup>(a)</sup> | 2000000 | 2006112 |
|  Obra CLO Management LLC, Series 2024-1A, Class D1, 7.08% (3 mo. Term SOFR + 3.40%), 01/20/2038 <sup>(a)</sup> | 1720000 | 1733760 |
|  Octagon Investment Partners Ltd., Series 2018-1A, Class DR, 10.93% (3 mo. Term SOFR + 7.25%), 10/20/2037 <sup>(a)</sup> | 2575000 | 2560819 |
|  OZLM Ltd., Series 2017-19A, Class CR3, 6.77% (3 mo. Term SOFR + 3.10%), 01/15/2035 <sup>(a)</sup> | 3000000 | 3000000 |
|  PennantPark CLO Ltd., Series 2025-12A, Class C, 5.98% (3 mo. Term SOFR + 2.30%), 04/20/2037 <sup>(a)</sup> | 3000000 | 2918802 |
| Regatta Funding Ltd. | Regatta Funding Ltd. | Regatta Funding Ltd. |
| &nbsp;&nbsp; Series 2019-2A, Class D1R2, 6.32% (3 mo. Term SOFR + 2.65%), 04/15/2039 <sup>(a)</sup> | 3000000 | 2989449 |
| &nbsp;&nbsp; Series 2025-3A, Class D2, 8.18%, 07/20/2038 <sup>(a)</sup> | 2000000 | 2007542 |
|  Sculptor CLO Ltd., Series 29A, Class D1R, 7.06% (3 mo. Term SOFR + 3.40%), 07/22/2038 <sup>(a)</sup> | 2000000 | 1993546 |
|  Sound Point CLO Ltd., Series 2023-1A, Class D1R, 7.17% (3 mo. Term SOFR + 3.50%), 07/26/2038 <sup>(a)</sup> | 5000000 | 5015985 |
|  Star Mountain CFO I LP, Series 2026-1A, Class B, 8.90% (3 mo. Term SOFR + 5.25%), 12/31/2038 <sup>(a)(f)</sup> | 1100000 | 1100000 |
|  TIAA CLO Ltd., Series 2019-1A, Class AR, 5.60% (3 mo. Term SOFR + 1.93%), 04/23/2036 <sup>(a)</sup> | 5500000 | 5509081 |
|  Trinitas CLO Ltd., Series 2023-23A, Class D1R, 6.58% (3 mo. Term SOFR + 2.90%), 10/20/2038 <sup>(a)</sup> | 3500000 | 3506857 |
|  Windhill CLO Ltd., Series 2024-2A, Class C, 5.96% (3 mo. Term SOFR + 2.30%), 01/22/2038 <sup>(a)</sup> | 2500000 | 2484887 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $135,920,607) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $135,920,607) | 135847289 |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY - 5.4%** | **Par**  | **Value**  |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Series K-176, Class A1, 4.37%, 09/25/2035 | 12929435 | 12813496 |
| &nbsp;&nbsp; Series K553, Class A2, 4.07%, 12/25/2030 <sup>(b)</sup> | 7500000 | 7441822 |
| &nbsp;&nbsp; Series K557, Class A2, 3.94%, 01/25/2031 <sup>(b)</sup> | 5000000 | 4925515 |
| &nbsp;&nbsp; Series KF169, Class AS, 4.21% (30 day avg SOFR US + 0.56%), 11/25/2035 | 10000000 | 10012480 |
| &nbsp;&nbsp; Series KF170, Class AS, 4.21% (30 day avg SOFR US + 0.56%), 11/25/2035 | 14999865 | 15018585 |
| &nbsp;&nbsp; Series KF171, Class AS, 4.21% (30 day avg SOFR US + 0.56%), 03/25/2036 | 10000000 | 10015610 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $60,415,654) | **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $60,415,654) | 60227508 |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES – 2.9%** | **Par**  | **Value**  |
| ALA Trust | ALA Trust | ALA Trust |
| &nbsp;&nbsp; Series 2025-OANA, Class C, 5.75% (1 mo. Term SOFR + 2.09%), 06/15/2040 <sup>(a)</sup> | 300000 | 301561 |
| &nbsp;&nbsp; Series 2025-OANA, Class D, 6.75% (1 mo. Term SOFR + 3.09%), 06/15/2040 <sup>(a)</sup> | 200000 | 200946 |
|  AREIT CRE Ltd., Series 2024-CRE9, Class AS, 5.89% (1 mo. Term SOFR + 2.24%), 05/17/2041 <sup>(a)</sup> | 800000 | 801331 |
|  ARES Commercial Mortgage Trust, Series 2024-IND, Class D, 6.54% (1 mo. Term SOFR + 2.89%), 07/15/2041 <sup>(a)</sup> | 500000 | 501391 |
|  ARZ Trust, Series 2024-BILT, Class D, 7.00%, 06/11/2039 <sup>(a)</sup> | 250000 | 255590 |
|  Banc of America Re-Remic Trust, Series 2025-ASHF, Class C, 6.66% (1 mo. Term SOFR + 3.00%), 02/15/2042 <sup>(a)</sup> | 750000 | 755905 |
|  Bank-2025, Series 2025-BNK51, Class D, 4.00%, 12/25/2067 <sup>(a)</sup> | 1000000 | 713982 |
| BX Trust | BX Trust | BX Trust |
| &nbsp;&nbsp; Series 2024-AIRC, Class C, 6.24% (1 mo. Term SOFR + 2.59%), 08/15/2041 <sup>(a)</sup> | 260175 | 261529 |
| &nbsp;&nbsp; Series 2024-BIO, Class C, 6.29% (1 mo. Term SOFR + 2.64%), 02/15/2041 <sup>(a)</sup> | 200000 | 199758 |
| &nbsp;&nbsp; Series 2024-BIO, Class D, 7.29% (1 mo. Term SOFR + 3.64%), 02/15/2041 <sup>(a)</sup> | 200000 | 199025 |
| &nbsp;&nbsp; Series 2024-KING, Class D, 6.14% (1 mo. Term SOFR + 2.49%), 05/15/2034 <sup>(a)</sup> | 493503 | 499723 |
| &nbsp;&nbsp; Series 2024-PALM, Class D, 6.29% (1 mo. Term SOFR + 2.64%), 06/15/2037 <sup>(a)</sup> | 259615 | 260561 |
| &nbsp;&nbsp; Series 2024-VLT4, Class E, 6.54% (1 mo. Term SOFR + 2.89%), 06/15/2041 <sup>(a)</sup> | 191900 | 191337 |
| &nbsp;&nbsp; Series 2024-VLT4, Class F, 7.59% (1 mo. Term SOFR + 3.94%), 06/15/2041 <sup>(a)</sup> | 479750 | 478497 |
| &nbsp;&nbsp; Series 2025-BIO3, Class D, 7.19%, 02/10/2042 <sup>(a)(b)</sup> | 750000 | 746567 |
| &nbsp;&nbsp; Series 2025-VLT7, Class D, 6.90% (1 mo. Term SOFR + 3.25%), 07/15/2044 <sup>(a)</sup> | 800000 | 801994 |
| &nbsp;&nbsp; Series 2025-VOLT, Class C, 6.00% (1 mo. Term SOFR + 2.35%), 12/15/2044 <sup>(a)</sup> | 1500000 | 1500681 |
| &nbsp;&nbsp; Series 2026-VLT9, Class A, 5.35% (1 mo. Term SOFR + 1.70%), 03/15/2045 <sup>(a)</sup> | 5000000 | 5001735 |
|  Commercial Mortgage Pass Through Certificates, Series 2024-WCL1, Class C, 6.54% (1 mo. Term SOFR + 2.89%), 06/15/2041 <sup>(a)</sup> | 1500000 | 1499847 |
|  DBSG Mortgage Trust, Series 2024-ALTA, Class D, 7.30%, 06/10/2037 <sup>(a)(b)</sup> | 400000 | 403298 |
| DC Commercial Mortgage Trust | DC Commercial Mortgage Trust | DC Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2024-HLTN, Class C, 7.29%, 04/13/2040 <sup>(a)(b)</sup> | 500000 | 501362 |
| &nbsp;&nbsp; Series 2024-HLTN, Class D, 7.98%, 04/13/2040 <sup>(a)(b)</sup> | 300000 | 301311 |
| Extended Stay America Trust | Extended Stay America Trust | Extended Stay America Trust |
| &nbsp;&nbsp; Series 2025-ESH, Class D, 6.25% (1 mo. Term SOFR + 2.60%), 10/15/2042 <sup>(a)</sup> | 4815667 | 4852377 |
| &nbsp;&nbsp; Series 2025-ESH, Class E, 7.00% (1 mo. Term SOFR + 3.35%), 10/15/2042 <sup>(a)</sup> | 3852533 | 3883076 |
|  Gaea Mortgage Loan Trust, Series 2025-A, Class A, 6.75%, 02/25/2030 <sup>(a)(b)</sup> | 463406 | 454568 |
| Hilton USA Trust | Hilton USA Trust | Hilton USA Trust |
| &nbsp;&nbsp; Series 2024-ORL, Class C, 6.09% (1 mo. Term SOFR + 2.44%), 05/15/2037 <sup>(a)</sup> | 200000 | 200723 |
| &nbsp;&nbsp; Series 2024-ORL, Class D, 6.84% (1 mo. Term SOFR + 3.19%), 05/15/2037 <sup>(a)</sup> | 200000 | 201438 |
| HTL Commercial Mortgage Trust | HTL Commercial Mortgage Trust | HTL Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2024-T53, Class D, 8.47%, 05/10/2039 <sup>(a)(b)</sup> | 300000 | 305498 |
| &nbsp;&nbsp; Series 2024-T53, Class F, 12.32%, 05/10/2039 <sup>(a)(b)</sup> | 100000 | 102420 |
|  ICNQ Mortgage Trust, Series 2024-MF, Class E, 6.56%, 12/10/2034 <sup>(a)(b)</sup> | 750000 | 751938 |
|  Jackson Park Trust, Series 2019-LIC, Class E, 3.35%, 10/14/2039 <sup>(a)(b)</sup> | 750000 | 663315 |
|  Morgan Stanley ABS Capital I, Inc., Series 2024-BPR2, Class A, 7.29%, 05/05/2029 <sup>(a)</sup> | 287547 | 298619 |
|  Morgan Stanley Capital I, Inc., Series 2014-150E, Class A, 3.91%, 09/09/2032 <sup>(a)</sup> | 800000 | 744133 |
| NYC Commercial Mortgage Trust | NYC Commercial Mortgage Trust | NYC Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2025-28L, Class C, 5.62%, 11/05/2038 <sup>(a)(b)</sup> | 1000000 | 1002053 |
| &nbsp;&nbsp; Series 2025-28L, Class D, 6.42%, 11/05/2038 <sup>(a)(b)</sup> | 1000000 | 1003167 |
|  Stellar Management, Series 2025-IP, Class E, 7.07%, 06/10/2042 <sup>(a)(b)</sup> | 250000 | 251811 |
|  TX Trust, Series 2024-HOU, Class D, 6.89% (1 mo. Term SOFR + 3.24%), 06/15/2039 <sup>(a)</sup> | 200000 | 200436 |
|  Wells Fargo Commercial Mortgage Trust, Series 2025-VTT, Class E, 7.14%, 03/15/2038 <sup>(a)(b)</sup> | 1500000 | 1511588 |
|  WFLD Mortgage Trust, Series 2014-MONT, Class A, 3.88%, 08/10/2031 <sup>(a)(b)</sup> | 272928 | 263437 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $32,821,192) | **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $32,821,192) | 33068528 |
| **EXCHANGE TRADED FUNDS - 1.2%** | **Shares**  | **Value**  |
| Invesco Senior Loan ETF | 484603 | 9973130 |
| iShares iBoxx USD Investment Grade Corporate Bond ETF | 26216 | 2853611 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $12,871,890) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $12,871,890) | 12826741 |
| **RESIDENTIAL MORTGAGE-BACKED SECURITIES - U.S. GOVERNMENT AGENCY CREDIT RISK TRANSFER - 0.1%** | **Par**  | **Value**  |
|  Connecticut Avenue Securities Trust, Series 2024-R02, Class 1B2, 7.35% (30 day avg SOFR US + 3.70%), 02/25/2044 <sup>(a)</sup> | $1000000 | 1049900 |
|  Federal Home Loan Mortgage Corp., Series 2022-HQA3, Class M1B, 7.20% (30 day avg SOFR US + 3.55%), 08/25/2042 <sup>(a)</sup> | 500000 | 515439 |
| **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES - U.S. GOVERNMENT AGENCY CREDIT RISK TRANSFER** (Cost $1,496,563) | **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES - U.S. GOVERNMENT AGENCY CREDIT RISK TRANSFER** (Cost $1,496,563) | 1565339 |
| **COMMON STOCKS - 0.0% <sup>(g)</sup>** | **Shares**  | **Value**  |
| **Energy - 0.0% <sup>(g)</sup>** | **Energy - 0.0% <sup>(g)</sup>** |  |
| Enviva Escrow <sup>(f)(h)</sup> | 150000 | 0 |
| Enviva LLC <sup>(h)</sup> | 5458 | 109160 |
| **TOTAL COMMON STOCKS** (Cost $183,056) | **TOTAL COMMON STOCKS** (Cost $183,056) | 109160 |
| **SHORT-TERM INVESTMENTS** | **Shares**  | **Value**  |
| **Money Market Funds - 5.1%** |  |  |
| First American Government Obligations Fund - Class U, 3.60% <sup>(i)</sup> | 57023871 | 57023871 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $57,023,871) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $57,023,871) | 57023871 |
| **TOTAL INVESTMENTS - 98.6% (**Cost $1,107,364,951**)** | **TOTAL INVESTMENTS - 98.6% (**Cost $1,107,364,951**)** | 1107216078 |
| Other Assets in Excess of Liabilities - 1.4% | Other Assets in Excess of Liabilities - 1.4% | 15943485 |
| **TOTAL NET ASSETS - 100.0%** |  | $1123159563 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate |

---

(a) Security is exempt from registration under Rule 144A or Section 4(a)(2) of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration, normally to qualified
 institutional buyers. These securities are determined to be liquid by the Adviser, under the procedures established by the Fund's Board of Trustees, unless otherwise denoted. As of April 30, 2026, the value of these securities total
 $758,674,512 or 67.5% of the Fund's net assets.

(b) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the
 coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of April 30, 2026.

(c) Step coupon bond. The rate disclosed is as of April 30, 2026.

(d) Interest only security.

(e) Security or a portion of the security purchased on a when-issued or delayed delivery basis.

(f) As of April 30, 2026, the Fund has fair valued these securities under the procedures established by Angel Oak Capital Advisors, LLC as Valuation Designee pursuant to Rule 2a-5 under the Investment Company Act of
 1940. The value of these securities amounted to $1,100,00 or 0.1% of net assets. Value determined using significant unobservable inputs.

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

(h) Non-income producing security.

(i) The rate shown represents the 7-day annualized yield as of April 30, 2026.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Angel Oak Income ETF** | **Angel Oak Income ETF** | **Angel Oak Income ETF** | **Angel Oak Income ETF** | **Angel Oak Income ETF** |
| **Schedule of Open Futures Contracts** | **Schedule of Open Futures Contracts** | **Schedule of Open Futures Contracts** | **Schedule of Open Futures Contracts** | **Schedule of Open Futures Contracts** |
| **April 30, 2026 (Unaudited)** | **April 30, 2026 (Unaudited)** | **April 30, 2026 (Unaudited)** | **April 30, 2026 (Unaudited)** | **April 30, 2026 (Unaudited)** |
| **Long Futures Contracts** | **Contracts Purchased** | **Expiration Date** | **Notional Value** | **Value / Unrealized Appreciation**<br> (Depreciation) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 10 Year Notes | 46 | 06/18/2026 | $5087313 | $(46161) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 5 Year Note | 528 | 06/30/2026 | 56937375 | (145965) |
| **Net Unrealized Appreciation (Depreciation)** |  | – | $– | $(192126) |

---

The average monthly notional value of long futures contracts during the period ended April 30, 2026, was $41,119,498.

------

---

| |
|:---|
| **Angel Oak Income ETF** |
| **Schedule of Centrally Cleared Credit Default Swaps - Buy Protection <sup>(a)</sup>** |
| **April 30, 2026 (Unaudited)** |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation** | <br> **Implied Credit** <br> **Spread at**<br> **04/30/26 <sup>(b)</sup>** | **Pay (Receive)**<br> **Fixed Rate** | **Payment** <br> **Frequency** | **Maturity** <br> **Date** | <br> **Counterparty** | **Notional**<br> **Amount <sup>(c)</sup>** | <br> **Value** | **Premium Paid**<br> (Received) | **Unrealized**<br> **Appreciation<br> (Depreciation)** |
| Markit CDX.NA.IG <sup>(d)</sup> | <br> 0.55% | 1.000% | Quarterly | 06/20/2031 | Wells Fargo Securities, LLC | $100000000 | <br> $(2212085) | <br> $(1606902) | $(605183) |

---

(a) If the Fund is a buyer of protection and a credit event occurs, as deﬁned under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection
 an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to
 the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

(b) Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements on U.S. municipal issues, corporate issues or sovereign
 issues of an emerging country as of year-end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular
 referenced entity reﬂects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and
 a greater likelihood or risk of default or other credit event occurring as deﬁned under the terms of the agreement. A credit spread identiﬁed as "Defaulted"indicates a credit event has occurred for the referenced entity or obligation.

(c) The maximum potential amount the Fund could be required to pay as seller of credit protection or receive as a buyer of credit protection if a credit event occurs as deﬁned under the terms
 of that particular swap agreement.

(d) Centrally cleared swap, clearing agent: Intercontinental Exchange.

The average monthly notional value of long swap contracts during the period ended April 30, 2026, was $112,500,000.

------

#### Securities Valuation and Fair Value Measurements (Unaudited)

The Fund records its investments at fair value in accordance with fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs, if any, during the period. In addition, these standards require expanded disclosure for each major category of assets. These inputs are summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities that the Fund has the ability to access

Level 2 – other significant observable inputs (including, but not limited to, quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments based on the best information available)

The inputs or methodology used for valuing securities are not an indication of the risks associated with investing in those securities. Investments in registered open-end management investment companies, including money market funds, will be valued based upon the net asset value of such investments and are categorized as Level 1 of the fair value hierarchy.

Fair values for long-term debt securities, including asset-backed securities, mortgage-backed securities, collateralized loan obligations, corporate obligations, and whole loans are normally determined on the basis of valuations provided by independent pricing services. Vendors typically value such securities based on one or more inputs, including, but not limited to, benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data. In addition to these inputs, cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information may be utilized. Securities that use similar valuation techniques and inputs are categorized as Level 2 of the fair value hierarchy. To the extent the significant inputs are unobservable; the values generally would be categorized as Level 3.

Equity securities, including preferred stocks, that are traded on a national securities exchange, except those listed on the Nasdaq Global Market<sup>®</sup>, Nasdaq Global Select Market<sup>®</sup> and the Nasdaq Capital Market<sup>®</sup> exchanges (collectively, "Nasdaq"), are valued at the last sale price at the close of that exchange. Securities traded on Nasdaq will be valued at the Nasdaq Official Closing Price. If, on a particular day, an exchange-listed or Nasdaq security does not trade, then: (i) the security shall be valued at the mean between the most recent quoted bid and asked prices at the close of the exchange; or (ii) the security shall be valued at the latest sales price on the Composite Market (defined below) for the day such security is being valued. "Composite Market" means a consolidation of the trade information provided by national securities and foreign exchanges and over-the-counter ("OTC") markets as published by a pricing service. In the event market quotations or Composite Market pricing are not readily available, fair value will be determined in accordance with the procedures adopted by the Board of Trustees ("Board"). All equity securities that are not traded on a listed exchange are valued at the last sale price at the close of the OTC market. If a non-exchange listed security does not trade on a particular day, then the mean between the last quoted bid and asked price will be used as long as it continues to reflect the value of the security. If the mean is not available, then bid price can be used as long as the bid price continues to reflect the value of the security. Otherwise, fair value will be determined in accordance with the procedures adopted by the Board. These securities will generally be categorized as Level 3 securities. When using the market quotations or close prices provided by the pricing service and when the market is considered active, the security will be classified as a Level 1 security. Sometimes, an equity security owned by the Fund will be valued by the pricing service with factors other than market quotations or when the market is considered inactive. When this happens, the security will be classified as a Level 2 security.

Short-term debt securities having a maturity of 60 days or less are generally valued at amortized cost, which approximates fair market value. These investments are categorized as Level 2 of the fair value hierarchy. Reverse repurchase agreements and repurchase agreements are priced at their acquisition cost, and assessed for credit adjustments, which represents fair value. These securities will generally be categorized as Level 2 securities.

Financial derivative instruments, such as futures contracts, that are traded on a national securities or commodities exchange are typically valued at the settlement price determined by the relevant exchange. Swaps, such as credit default swaps, interest-rate swaps, and currency swaps, are valued by a pricing service. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized as Level 1 of the fair value hierarchy. OTC financial derivative instruments, such as certain futures contracts or swap agreements, derive their values from underlying asset prices, indices, reference rates, other inputs or a combination of these factors. These instruments are normally valued on the basis of evaluations provided by independent pricing services or broker-dealer quotations. Derivatives that use similar valuation techniques as described above are typically categorized as Level 2 of the fair value hierarchy.

Securities may be fair valued in accordance with the fair valuation procedures approved by the Board. The Valuation and Risk Management Oversight Committee is generally responsible for overseeing the Fund's valuation processes and reports quarterly to the Board. The Board has selected Angel Oak Capital Advisors, LLC (the "Adviser") as the Valuation Designee. As such, the Valuation Committee of the Adviser has been delegated the day-to-day responsibilities for making all necessary determinations of the fair value of portfolio securities and other assets for which market quotations are not readily available or if the prices obtained from independent pricing services are deemed to be unreliable indicators of market or fair value. Representatives of the Valuation Designee's Valuation Committee report quarterly to the Valuation and Risk Management Oversight Committee.

The following is a summary of the investments by their inputs used to value the Fund's net assets as of April 30, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets** | | | | |
|  &nbsp;&nbsp;&nbsp;&nbsp;Residential Mortgage-Backed Securities | $– | $298826121 | $– | $298826121 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Obligations | – | 178348510 | – | 178348510 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Residential Mortgage-Backed Securities - U.S. Government Agency | – | 175230788 | – | 175230788 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 154142223 | – | 154142223 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 134747289 | 1100000 | 135847289 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage-Backed Securities - U.S. Government Agency | – | 60227508 | – | 60227508 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage-Backed Securities | – | 33068528 | – | 33068528 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 12826741 | – | – | 12826741 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Residential Mortgage-Backed Securities - U.S. Government Agency Credit Risk Transfer | – | 1565339 | – | 1565339 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | – | 109160 | 0 | 109160 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Short-term Investments | 57023871 | – | – | 57023871 |
| **Total** | $69850612 | $1036265466 | $1100000 | $1107216078 |
| **Other Financial Instruments** |  |  |  |  |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Swaps \* | $– | $(605183) | $– | $(605183) |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts \* | (192126) | – | – | (192126) |
| **Total** | $(192126) | $(605183) | $– | $(797309) |
| \* Futures and swaps are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Open Futures Contracts and Schedule of Centrally Cleared Credit Default Swaps - Buy Protection. | \* Futures and swaps are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Open Futures Contracts and Schedule of Centrally Cleared Credit Default Swaps - Buy Protection. | \* Futures and swaps are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Open Futures Contracts and Schedule of Centrally Cleared Credit Default Swaps - Buy Protection. | \* Futures and swaps are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Open Futures Contracts and Schedule of Centrally Cleared Credit Default Swaps - Buy Protection. | \* Futures and swaps are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Open Futures Contracts and Schedule of Centrally Cleared Credit Default Swaps - Buy Protection. |
| See the Schedule of Investments for further disaggregation of investment categories. | See the Schedule of Investments for further disaggregation of investment categories. | See the Schedule of Investments for further disaggregation of investment categories. | See the Schedule of Investments for further disaggregation of investment categories. | See the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Angel Oak Funds Trust

- **b. Investment Company Act file number:** 811-22980

- **c. CIK number of Registrant:** 0001612930

- **d. LEI of Registrant:** 549300DGLMLNBVBKK655

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

  - **Street Address 1:** 980 Hammond Drive

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30328

  - **Telephone number:** 404-953-4900

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

- **a. Name of Series:** Angel Oak Income ETF

- **b. EDGAR series identifier (if any):** S000077753

- **c. LEI of Series:** 549300KQXNQVK1DNGE47

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

- **a. Date of fiscal year-end:** 2027-01-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1113303109.50

**Total Liabilities:** $15557715.79

**Net Assets:** $1097745393.71

**Delayed Delivery Securities:** $4000000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 876.077995304758 | **1-Year:** 11416.462852606539 | **5-Year:** 109794.104889624900 | **10-Year:** 104699.191039012800 | **30-Year:** 14440.535117662650

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

- **3-Month:** 1291.856730548804 | **1-Year:** 30844.456583761600 | **5-Year:** 57530.655334361060 | **10-Year:** 44961.471280437280 | **30-Year:** 16078.758346206410

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238279 | 1.16%                | -0.95%               | 0.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $294127.06               | $5175646.10                                |
| Month 2  | $-1224527.28             | $-12905636.73                              |
| Month 3  | $199051.23               | $927894.52                                 |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** GH5UHQ8NQ5

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| COLT Funding LLC               | COLT 2021-5 Mortgage Loan Trust                                                | CUSIP: 12598RAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3062923.85   | 0.28%             | 2066-11-26      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2024-B                                              | CUSIP: 12627SAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1040336.40   | 0.09%             | 2031-11-17      | Fixed         | 8.36%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | Consumer Portfolio Services Auto Trust 2025-B                                  | CUSIP: 12630SAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1808236.15   | 0.16%             | 2033-03-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2025-C                                              | CUSIP: 12634SAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $986803.40    | 0.09%             | 2033-02-15      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE INC        | CRH America Finance Inc                                                        | CUSIP: 12636YAE2<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    280000 | PA      | $286119.92    | 0.03%             | 2034-05-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CSX CORP                       | CSX Corp                                                                       | CUSIP: 126408GK3<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    225000 | PA      | $243701.06    | 0.02%             | 2037-05-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2021-NQM8                                                                 | CUSIP: 12659FAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5341159 | PA      | $4725979.46   | 0.43%             | 2066-10-25      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2022-3 Mortgage Loan Trust                                                | CUSIP: 12659YAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1763189.20   | 0.16%             | 2067-02-25      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2021-NQM3                                                                 | CUSIP: 12660LAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4749498 | PA      | $3678101.97   | 0.34%             | 2066-04-25      | Variable      | 2.32%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2021-NQM2                                                                 | CUSIP: 12662EAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2700000 | PA      | $2091107.88   | 0.19%             | 2066-02-25      | Variable      | 2.28%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | Csmc 2021-Nqm6 Trust                                                           | CUSIP: 12662KAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1564509 | PA      | $1360903.15   | 0.12%             | 2066-07-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                 | CVR Energy Inc                                                                 | CUSIP: 12662PAJ7<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1294729.14   | 0.12%             | 2034-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CVR PARTNERS/CVR NITROGE       | CVR Partners LP / CVR Nitrogen Finance Corp                                    | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    680000 | PA      | $680068.14    | 0.06%             | 2028-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2022-D                                              | CUSIP: 12663UAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4318364.80   | 0.39%             | 2030-06-17      | Fixed         | 12.12%                | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2022-ATH2                                                                 | CUSIP: 12665WAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2351975.00   | 0.21%             | 2067-05-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2022-ATH2                                                                 | CUSIP: 12665WAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2587143.00   | 0.24%             | 2067-05-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| CQS US CLO Ltd                 | CQS US CLO 5 Ltd                                                               | CUSIP: 12676EAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004606.00   | 0.09%             | 2039-01-17      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2022-2 Mortgage Loan Trust                                                | CUSIP: 19685EAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3051299 | PA      | $2605310.15   | 0.24%             | 2067-02-25      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2022-1 Mortgage Loan Trust                                                | CUSIP: 19688HAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3300000 | PA      | $2940392.40   | 0.27%             | 2066-12-27      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2021-HX1 Mortgage Loan Trust                                              | CUSIP: 19688KAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1500284.60   | 0.14%             | 2066-10-25      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                   | Comcast Corp                                                                   | CUSIP: 20030NAK7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    260000 | PA      | $284851.94    | 0.03%             | 2035-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2024-WCL1 MORTGAGE TRUST                                                  | CUSIP: 20047DAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1499847.00   | 0.14%             | 2041-06-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC         | Comstock Resources Inc                                                         | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1289040.12   | 0.12%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC             | Conagra Brands Inc                                                             | CUSIP: 205887CD2<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    230000 | PA      | $214435.21    | 0.02%             | 2038-11-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE       | Concentra Health Services Inc                                                  | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    650000 | PA      | $674401.65    | 0.06%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2024-R02                                   | CUSIP: 20754GAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1049900.30   | 0.10%             | 2044-02-25      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN        | Consolidated Energy Finance SA                                                 | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |   1140000 | PA      | $1169925.00   | 0.11%             | 2031-02-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Colony American Finance Ltd    | Corevest American Finance 2020-4 Trust                                         | CUSIP: 21873AAL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $265472.31    | 0.02%             | 2052-12-15      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2024-C                                              | CUSIP: 223920AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1034766.30   | 0.09%             | 2032-03-15      | Fixed         | 8.04%                 | No            |                  2 | On Loan: No      |
| CQS US CLO Ltd                 | CQS US Clo 6 Ltd                                                               | CUSIP: 223925AJ7<br>LEI: 254900Z541K697JPZU75 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4000000.00   | 0.36%             | 2039-03-31      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | Consumer Portfolio Services Auto Trust 2025-D                                  | CUSIP: 223936AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2547325.00   | 0.23%             | 2033-05-16      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2024-A                                              | CUSIP: 22411CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5200000 | PA      | $5395875.68   | 0.49%             | 2031-08-15      | Fixed         | 8.42%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC               | Credit Acceptance Corp                                                         | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    960000 | PA      | $958593.60    | 0.09%             | 2030-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC               | Crown Castle Inc                                                               | CUSIP: 22822VBC4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    290000 | PA      | $287705.61    | 0.03%             | 2033-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Crown Point CLO Ltd            | Crown Point CLO 10 Ltd                                                         | CUSIP: 22846FAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1985108.00   | 0.18%             | 2034-07-20      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2021-NQM5 Trust                                                           | CUSIP: 22946DAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2254612 | PA      | $1888669.12   | 0.17%             | 2066-05-25      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                     | DaVita Inc                                                                     | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    990000 | PA      | $1022502.69   | 0.09%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2025-CES1                                 | CUSIP: 24380WAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2500944.75   | 0.23%             | 2055-10-25      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2025-CES1                                 | CUSIP: 24380WAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1246997.13   | 0.11%             | 2055-10-25      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2022-3                                    | CUSIP: 24381YAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    213290 | PA      | $216416.48    | 0.02%             | 2067-07-25      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2022-3                                    | CUSIP: 24381YAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1243000 | PA      | $1181989.83   | 0.11%             | 2067-07-25      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2025-INV1                                 | CUSIP: 24382EAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $976142.50    | 0.09%             | 2060-11-25      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| Deerpath Capital CLO LTD       | Deerpath Capital CLO 2024-1 Ltd                                                | CUSIP: 24461DAJ2<br>LEI: 213800CX787LUT3OSO02 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3508753.50   | 0.32%             | 2036-07-15      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC       | FHF Issuer Trust 2024-3                                                        | CUSIP: 30339EAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $947305.00    | 0.09%             | 2031-12-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3132DSR46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    911323 | PA      | $902235.21    | 0.08%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3132DT3C2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    782538 | PA      | $774786.69    | 0.07%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3132DWN90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6386469 | PA      | $6523697.68   | 0.59%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3132DWNH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9012534 | PA      | $8893309.66   | 0.81%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3132DWNX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6269307 | PA      | $6307083.95   | 0.57%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3132DWPH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4805169 | PA      | $4834123.99   | 0.44%             | 2055-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3133CQ6A8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    918770 | PA      | $932421.43    | 0.08%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3133CXZ45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2163482 | PA      | $2184004.84   | 0.20%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3133KYWJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5647988 | PA      | $5046748.17   | 0.46%             | 2042-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                   | CUSIP: 3137HPU50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7500000 | PA      | $7441822.50   | 0.68%             | 2030-12-25      | Variable      | 4.07%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                   | CUSIP: 3137HPU84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10000000 | PA      | $10012480.00  | 0.91%             | 2035-11-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                   | CUSIP: 3137HPUD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12929434 | PA      | $12813496.26  | 1.17%             | 2035-09-25      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                   | CUSIP: 3137HQSP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $4925515.00   | 0.45%             | 2031-01-25      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                   | CUSIP: 3137HQSS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14999865 | PA      | $15018584.65  | 1.37%             | 2035-11-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                   | CUSIP: 3137HRKM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10000000 | PA      | $10015610.00  | 0.91%             | 2036-03-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 31418EAM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1503857 | PA      | $1209633.54   | 0.11%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 31418FGZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2906098 | PA      | $2968542.10   | 0.27%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 31418FLS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4834692 | PA      | $4938578.06   | 0.45%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31425U2Z7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1850128 | PA      | $1873415.63   | 0.17%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31427M4B4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3058841 | PA      | $3147550.45   | 0.29%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31427MYN5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3723550 | PA      | $3675899.94   | 0.33%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31427MZF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3916323 | PA      | $4036073.43   | 0.37%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31427NY86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5603507 | PA      | $4731236.66   | 0.43%             | 2052-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31427P4J0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6555802 | PA      | $6323504.32   | 0.58%             | 2054-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31427QNV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4659322 | PA      | $4858576.32   | 0.44%             | 2054-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31427R4S6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5884468 | PA      | $5931795.91   | 0.54%             | 2056-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31427R5R7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4993552 | PA      | $4810167.81   | 0.44%             | 2056-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3142J6A60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2501929 | PA      | $2555690.28   | 0.23%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CIM Trust                      | CIM TRUST 2022-R1                                                              | CUSIP: 12571YAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1209442.50   | 0.11%             | 2061-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3142J6C84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15738398 | PA      | $15518727.66  | 1.41%             | 2056-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC           | Fiesta Purchaser Inc                                                           | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1295838.75   | 0.12%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Cerberus                       | Cerberus Loan Funding XLI LLC                                                  | CUSIP: 15674VAG9<br>LEI: 635400YAOHPN8ZVJAS71 | Long             | ABS-CBDO         | CORP              | US        |   1900000 | PA      | $1888888.80   | 0.17%             | 2035-07-15      | Floating      | 12.17%                | No            |                  2 | On Loan: No      |
| Cerberus                       | Cerberus Loan Funding XL LLC                                                   | CUSIP: 15675AAE9<br>LEI: 635400FRD1HEGKSHCI69 | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1500000.00   | 0.14%             | 2035-03-22      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L       | First Quantum Minerals Ltd                                                     | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   2100000 | PA      | $2160618.60   | 0.20%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                  | FirstCash Inc                                                                  | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    740000 | PA      | $727984.40    | 0.07%             | 2028-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Cerberus                       | Cerberus Loan Funding XL LLC                                                   | CUSIP: 15675AAN9<br>LEI: 635400FRD1HEGKSHCI69 | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $4000000.00   | 0.36%             | 2035-03-22      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Cerberus                       | Cerberus Loan Funding XLV LLC                                                  | CUSIP: 15675FAA6<br>LEI: 6354005BRQJC9NIG3407 | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5007095.00   | 0.46%             | 2036-04-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                  | FirstCash Inc                                                                  | CUSIP: 33767DAF2<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    140000 | PA      | $139785.70    | 0.01%             | 2034-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FISERV INC                     | Fiserv Inc                                                                     | CUSIP: 337738BQ0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244045.04    | 0.02%             | 2035-08-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHAMP ACQUISITION CORP         | Champ Acquisition Corp                                                         | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1298854.17   | 0.12%             | 2031-12-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | Chase Home Lending Mortgage Trust Series 2024-4                                | CUSIP: 16159NBF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1990973 | PA      | $1931606.52   | 0.18%             | 2055-03-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2024-1                                              | CUSIP: 33843VAN3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    585000 | PA      | $491456.10    | 0.04%             | 2031-05-15      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                       | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145685.40    | 0.01%             | 2034-03-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | Chase Home Lending Mortgage Trust Series 2024-5                                | CUSIP: 16159QBF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1859768 | PA      | $1803565.63   | 0.16%             | 2055-04-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS       | Cheniere Energy Partners LP                                                    | CUSIP: 16411QAS0<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    210000 | PA      | $217918.35    | 0.02%             | 2034-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD       | Cheniere Corpus Christi Holdings LLC                                           | CUSIP: 16412XAL9<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    260000 | PA      | $220188.96    | 0.02%             | 2039-12-31      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP       | Chobani LLC / Chobani Finance Corp Inc                                         | CUSIP: 17027NAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $148037.86    | 0.01%             | 2034-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Churchill Middle Market CLO    | Churchill Middle Market CLO IV Ltd                                             | CUSIP: 171512AQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5500000 | PA      | $5509080.50   | 0.50%             | 2036-04-23      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC               | Cinemark USA Inc                                                               | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1292725.00   | 0.12%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS        | FTAI Aviation Investors LLC                                                    | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    670000 | PA      | $666983.26    | 0.06%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities  | Fortress Credit Opportunities XXXVII CLO Ltd                                   | CUSIP: 34967BAC9<br>LEI: 254900DYT3A93SMZEQ40 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2508225.00   | 0.23%             | 2033-07-20      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities  | Fortress Credit Opportunities XXIX CLO Ltd                                     | CUSIP: 34990EAJ9<br>LEI: 254900314MCCPONEEQ30 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2434170.00   | 0.22%             | 2033-04-20      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust       | Foundation Finance Trust 2021-1                                                | CUSIP: 35041LAD2<br>LEI: 549300MQ65NOVQXYNB21 | Long             | ABS-O            | CORP              | US        |     56308 | PA      | $55135.80     | 0.01%             | 2041-05-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN       | Clarios Global LP / Clarios US Finance Co                                      | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1453398.40   | 0.13%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC           | Cleveland-Cliffs Inc                                                           | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1304033.91   | 0.12%             | 2034-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust       | Foundation Finance Trust 2025-2                                                | CUSIP: 35042NAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    335847 | PA      | $330729.82    | 0.03%             | 2052-04-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2022-HQA3                                        | CUSIP: 35564KE47<br>LEI: 5493000IRJ8RDHSNEL96 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $515438.40    | 0.05%             | 2042-08-25      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION         | Clydesdale Acquisition Holdings Inc                                            | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    730000 | PA      | $687402.40    | 0.06%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN         | Cogent Communications Group LLC / Cogent Finance Inc                           | CUSIP: 19240WAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1070000 | PA      | $993602.00    | 0.09%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD          | Freedom Mortgage Holdings LLC                                                  | CUSIP: 35641AAD0<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   3070000 | PA      | $2995434.00   | 0.27%             | 2033-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC           | Freeport-McMoRan Inc                                                           | CUSIP: 35671DBJ3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213788.24    | 0.02%             | 2034-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Gaea Mortgage Loan Trust       | Gaea Mortgage Loan Trust 2025-A                                                | CUSIP: 362928AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    463406 | PA      | $454568.48    | 0.04%             | 2030-02-25      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Gallatin Funding Ltd           | Gallatin CLO XI 2024-1 Ltd                                                     | CUSIP: 36362HAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   4000000 | PA      | $4017588.00   | 0.37%             | 2037-10-20      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Gallatin Funding Ltd           | Gallatin CLO X 2023-1 Ltd                                                      | CUSIP: 36362MAU1<br>LEI: 984500E5ACG7837D0749 | Long             | ABS-CBDO         | CORP              | BM        |   2000000 | PA      | $2009846.00   | 0.18%             | 2036-10-14      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2014-150E                                       | CUSIP: 61764BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $744132.80    | 0.07%             | 2032-09-09      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY DIRECT          | Morgan Stanley Direct Lending Fund                                             | CUSIP: 61774AAG8<br>LEI: 549300QEX22T2J8IB029 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $3048592.73   | 0.28%             | 2030-05-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2024-BPR2                                       | CUSIP: 61776EAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    287547 | PA      | $298618.81    | 0.03%             | 2029-05-05      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| NUCOR CORP                     | Nucor Corp                                                                     | CUSIP: 670346BA2<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    215000 | PA      | $217689.17    | 0.02%             | 2035-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                    | Nutrien Ltd                                                                    | CUSIP: 67077MAN8<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $220764.27    | 0.02%             | 2035-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2021-J2 Trust                                                              | CUSIP: 670861AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1450509 | PA      | $1204018.62   | 0.11%             | 2051-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust  | NYC Commercial Mortgage Trust 2025-28L                                         | CUSIP: 67123JAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002053.00   | 0.09%             | 2038-11-05      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust  | NYC Commercial Mortgage Trust 2025-28L                                         | CUSIP: 67123JAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003167.00   | 0.09%             | 2038-11-05      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| Oaktown Re Ltd                 | Oaktown Re VII Ltd                                                             | CUSIP: 67389JAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    662267 | PA      | $665899.02    | 0.06%             | 2034-04-25      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Obra CLO Ltd                   | Obra CLO 1 Ltd                                                                 | CUSIP: 67443AAJ0<br>LEI: 254900IXPSGZDGZO2P84 | Long             | ABS-CBDO         | CORP              | KY        |   1720000 | PA      | $1733760.00   | 0.16%             | 2038-01-20      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust       | Octane Receivables Trust 2023-3                                                | CUSIP: 67571CAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2140511.60   | 0.19%             | 2031-05-20      | Fixed         | 10.92%                | No            |                  2 | On Loan: No      |
| Octane Receivables Trust       | Octane Receivables Trust 2024-2                                                | CUSIP: 67578YAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2905958.55   | 0.26%             | 2032-07-20      | Fixed         | 9.04%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust       | Octane Receivables Trust 2024-RVM1                                             | CUSIP: 67579FAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1057086.40   | 0.10%             | 2046-01-22      | Fixed         | 8.42%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 38 | Octagon Investment Partners 38 Ltd                                             | CUSIP: 67591XAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2575000 | PA      | $2560819.48   | 0.23%             | 2037-10-20      | Floating      | 10.93%                | No            |                  2 | On Loan: No      |
| OLIN CORP                      | Olin Corp                                                                      | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    700000 | PA      | $694327.97    | 0.06%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                                                                      | CUSIP: 682680BL6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    210000 | PA      | $220958.66    | 0.02%             | 2033-09-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                           | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1471255.55   | 0.13%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2021-B                                                  | CUSIP: 68377GAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    254405 | PA      | $252942.66    | 0.02%             | 2031-05-08      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Funding Trust 2024-3                                                   | CUSIP: 68377NAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1513986.90   | 0.14%             | 2029-08-15      | Fixed         | 9.60%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2025-D                                                  | CUSIP: 68379HAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $503930.10    | 0.05%             | 2033-02-08      | Fixed         | 6.97%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Trust 2025-5                                      | CUSIP: 76089KAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2963837.10   | 0.27%             | 2034-06-26      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2026-R1                               | CUSIP: 76089TAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1251944.25   | 0.11%             | 2034-07-25      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2026-R1                               | CUSIP: 76089TAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1233773.00   | 0.11%             | 2034-07-25      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2026-2                                | CUSIP: 76091MAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $998685.90    | 0.09%             | 2035-02-26      | Fixed         | 10.99%                | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Trust 2025-6                                      | CUSIP: 76100HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $249403.20    | 0.02%             | 2034-08-25      | Fixed         | 10.53%                | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Trust 2025-6                                      | CUSIP: 76100JAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1972916.40   | 0.18%             | 2034-08-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2026-1                                | CUSIP: 76100KAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3969829.20   | 0.36%             | 2035-01-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners            | SG Residential Mortgage Trust 2021-1                                           | CUSIP: 784212AC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1396600 | PA      | $1179107.73   | 0.11%             | 2061-07-25      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners            | SG Residential Mortgage Trust 2021-2                                           | CUSIP: 78432YAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    514825 | PA      | $444812.86    | 0.04%             | 2061-12-25      | Variable      | 1.94%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET       | Smyrna Ready Mix Concrete LLC                                                  | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1477175.22   | 0.13%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI       | Standard Building Solutions Inc                                                | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    710000 | PA      | $717579.25    | 0.07%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Star Mountain CFO LP           | Star Mountain CFO I LP                                                         | CUSIP: 85516JAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1100000 | PA      | $1100000.00   | 0.10%             | 2038-12-31      | Floating      | 8.90%                 | No            |                  3 | On Loan: No      |
| STONEX ESCROW ISSUER LLC       | Stonex Escrow Issuer LLC                                                       | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1293193.75   | 0.12%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT          | Stonepeak Nile Parent LLC                                                      | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    690000 | PA      | $722459.26    | 0.07%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STRIKE ACCEPTANCE AUTO FUNDING | Strike Acceptance Auto Funding Trust 2023-1                                    | CUSIP: 862942AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     85877 | PA      | $86226.68     | 0.01%             | 2026-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO Ltd                 | AB BSL CLO 6 Ltd                                                               | CUSIP: 00039LAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1999986.00   | 0.18%             | 2037-07-20      | Fixed         | 8.48%                 | No            |                  2 | On Loan: No      |
| SUNCOKE ENERGY INC             | SunCoke Energy Inc                                                             | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1467190.94   | 0.13%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COHERENT CORP                  | Coherent Corp                                                                  | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |    730000 | PA      | $722627.81    | 0.07%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                   | CUSIP: 902613BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    635000 | PA      | $653802.88    | 0.06%             | 2035-02-08      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| UNISYS CORP                    | Unisys Corp                                                                    | CUSIP: 909214BX5<br>LEI: 549300T21W22FIJJOW08 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1035609.16   | 0.09%             | 2031-01-15      | Fixed         | 10.62%                | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE          | United Parcel Service Inc                                                      | CUSIP: 911312CE4<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    170000 | PA      | $163058.34    | 0.01%             | 2054-05-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM        | United Rentals North America Inc                                               | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    145000 | PA      | $147573.32    | 0.01%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International LLC / EMC Corp                                              | CUSIP: 24703DBQ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $326398.97    | 0.03%             | 2035-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC          | Directv Financing LLC / Directv Financing Co-Obligor Inc                       | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1790000 | PA      | $1863819.60   | 0.17%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS TRUST 2024-2PL                                                        | CUSIP: 00092HAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2554904 | PA      | $2575293.58   | 0.23%             | 2031-10-27      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| ACHD Trust                     | ACHD Trust 2025-DS1                                                            | CUSIP: 00092TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1004632.00   | 0.09%             | 2034-01-09      | Fixed         | 11.33%                | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS Trust 2025-1PL                                                        | CUSIP: 00112MAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2877826 | PA      | $2871794.42   | 0.26%             | 2032-04-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust             | A&D Mortgage Trust 2026-NQM3                                                   | CUSIP: 00248BAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4006424.00   | 0.36%             | 2071-04-25      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC       | Acadia Healthcare Co Inc                                                       | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1362108.86   | 0.12%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS         | Adient Global Holdings Ltd                                                     | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    710000 | PA      | $726655.89    | 0.07%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                      | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    320000 | PA      | $292566.98    | 0.03%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM       | Advanced Drainage Systems Inc                                                  | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    720000 | PA      | $730914.48    | 0.07%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                     | Affirm Asset Securitization Trust 2024-B                                       | CUSIP: 00835AAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1001155.80   | 0.09%             | 2029-09-15      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC       | Agilent Technologies Inc                                                       | CUSIP: 00846UAR2<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |    295000 | PA      | $290790.93    | 0.03%             | 2034-09-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AgoraCapital Auto Securities T | AgoraCapital Auto Securities Trust 2025-1                                      | CUSIP: 008483AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1009781.50   | 0.09%             | 2032-11-25      | Fixed         | 7.27%                 | No            |                  2 | On Loan: No      |
| AgoraCapital Auto Securities T | AgoraCapital Auto Securities Trust 2025-1                                      | CUSIP: 008483AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $522420.50    | 0.05%             | 2032-11-25      | Fixed         | 10.17%                | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC        | Aircastle Ltd / Aircastle Ireland DAC                                          | CUSIP: 00929JAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    290000 | PA      | $293011.77    | 0.03%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALA Trust                      | ALA Trust 2025-OANA                                                            | CUSIP: 009920AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $301560.60    | 0.03%             | 2040-06-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 64 CLO Ltd                                                              | CUSIP: 26251LAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1507137.00   | 0.14%             | 2031-04-18      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 107 CLO Ltd                                                             | CUSIP: 26254FAS3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   3650000 | PA      | $3652273.95   | 0.33%             | 2038-08-15      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC        | American Axle & Manufacturing Inc                                              | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1279807.96   | 0.12%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2024-3                            | CUSIP: 02490BAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3124626.30   | 0.28%             | 2032-03-12      | Fixed         | 7.92%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 119 CLO Ltd                                                             | CUSIP: 26254KAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2003140.00   | 0.18%             | 2036-04-15      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2024-3                                     | CUSIP: 30165AAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2505000 | PA      | $2594485.61   | 0.24%             | 2031-10-15      | Fixed         | 7.84%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co                                                            | CUSIP: 025816DW6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    645000 | PA      | $653443.05    | 0.06%             | 2035-07-26      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP            | American Tower Corp                                                            | CUSIP: 03027XCD0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    280000 | PA      | $288497.17    | 0.03%             | 2033-07-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2024-5                                     | CUSIP: 30165BAH6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2414000 | PA      | $2471623.39   | 0.23%             | 2032-05-17      | Fixed         | 7.22%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2024-2                                     | CUSIP: 30166DAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1354000 | PA      | $1403306.45   | 0.13%             | 2031-10-15      | Fixed         | 7.98%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2024-1                                     | CUSIP: 30167PAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1034488.00   | 0.09%             | 2031-08-15      | Fixed         | 7.89%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-6                                     | CUSIP: 30168AAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2094869.60   | 0.19%             | 2030-06-17      | Fixed         | 11.61%                | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140ADFL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    717883 | PA      | $727917.56    | 0.07%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140AQYY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    965387 | PA      | $962854.05    | 0.09%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140ATLV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1254254 | PA      | $1271619.48   | 0.12%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140KYBS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2864438 | PA      | $2315131.19   | 0.21%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC        | Duke Energy Florida LLC                                                        | CUSIP: 341099CL1<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    265000 | PA      | $289987.90    | 0.03%             | 2038-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                                                           | CUSIP: 49271VAV2<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    285000 | PA      | $284444.97    | 0.03%             | 2034-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC              | Kinder Morgan Inc                                                              | CUSIP: 49456BBA8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    220000 | PA      | $217261.76    | 0.02%             | 2054-08-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP            | Kinetik Holdings LP                                                            | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100393.30    | 0.01%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORP               | Knife River Corp                                                               | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $677164.80    | 0.06%             | 2031-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust    | SBNA Auto Receivables Trust 2024-A                                             | CUSIP: 78437PAH6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1547717.70   | 0.14%             | 2032-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2025-LOC5                              | CUSIP: 79581XAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1004769.40   | 0.09%             | 2055-10-25      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2026-NPL1                              | CUSIP: 79581YAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $7014651.00   | 0.64%             | 2031-04-25      | Variable      | 7.04%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2026-NPL1                              | CUSIP: 79581YAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5009360.00   | 0.46%             | 2031-04-25      | Variable      | 8.89%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2025-NPL2                              | CUSIP: 79589BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2119159 | PA      | $2135037.41   | 0.19%             | 2030-05-25      | Variable      | 7.77%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2026-HB1                               | CUSIP: 795939AK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002638.00   | 0.09%             | 2056-04-25      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2026-HB1                               | CUSIP: 795939AL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2523000 | PA      | $2490677.85   | 0.23%             | 2056-04-25      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin | Santander Bank Auto Credit-Linked Notes Series 2024-A                          | CUSIP: 80290CCN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160524 | PA      | $164764.83    | 0.02%             | 2032-06-15      | Fixed         | 10.17%                | No            |                  2 | On Loan: No      |
| Sculptor CLO Ltd               | Sculptor CLO XXIX Ltd                                                          | CUSIP: 81124EAW0<br>LEI: 254900GX0OVY3JW8NA67 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1993546.00   | 0.18%             | 2038-07-22      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| SEASPAN CORP                   | Seaspan Corp                                                                   | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |    720000 | PA      | $688800.56    | 0.06%             | 2029-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivab | Securitized Term Auto Receivables Trust                                        | CUSIP: 81378RAD6<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |    519338 | PA      | $529146.44    | 0.05%             | 2031-07-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC       | Sensata Technologies Inc                                                       | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    720000 | PA      | $669252.60    | 0.06%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2023-4                                                  | CUSIP: 81743JCG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1441053 | PA      | $1283480.69   | 0.12%             | 2053-11-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2023-2                                                  | CUSIP: 81744KCG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1379562 | PA      | $1267997.20   | 0.12%             | 2053-03-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2018-2                                                  | CUSIP: 81746QAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    149464 | PA      | $134841.91    | 0.01%             | 2048-02-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2024-2                                                  | CUSIP: 81749HCF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1413028 | PA      | $1322474.46   | 0.12%             | 2054-03-25      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED       | Ameritex Holdco Intermediate LLC                                               | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1082352.96   | 0.10%             | 2033-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                                                                      | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    285000 | PA      | $291738.22    | 0.03%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMKOR TECHNOLOGY INC           | Amkor Technology Inc                                                           | CUSIP: 031652BL3<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |    720000 | PA      | $724813.20    | 0.07%             | 2033-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| American Money Management Corp | AMMC CLO 32 Ltd                                                                | CUSIP: 03166KAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3993752.00   | 0.36%             | 2038-10-17      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L       | Amneal Pharmaceuticals LLC                                                     | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |    650000 | PA      | $675862.20    | 0.06%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                  | Amphenol Corp                                                                  | CUSIP: 032095AQ4<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    210000 | PA      | $215083.39    | 0.02%             | 2034-04-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Anchorage Credit Funding Ltd.  | Anchorage Credit Funding 3 Ltd                                                 | CUSIP: 03330EAL8<br>LEI: 5493003NNQWXMTSTMF21 | Long             | ABS-CBDO         | CORP              | KY        |   1275000 | PA      | $1275474.30   | 0.12%             | 2039-01-28      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Anthelion CLO                  | Anthelion CLO 2025-2 Ltd                                                       | CUSIP: 03675RAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2006524.00   | 0.18%             | 2039-04-20      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| Antares CLO                    | Antares CLO 2026-1 Ltd                                                         | CUSIP: 03690FAE5<br>LEI: 25490076YIYK8A2W5U10 | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4477500.00   | 0.41%             | 2039-04-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD       | Apollo Debt Solutions BDC                                                      | CUSIP: 03770DAL7<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |   3070000 | PA      | $3018676.78   | 0.27%             | 2031-01-23      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust             | Aqua Finance Trust 2019-A                                                      | CUSIP: 038370AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    745674 | PA      | $743860.53    | 0.07%             | 2040-07-16      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust             | Aqua Finance Trust 2021-A                                                      | CUSIP: 03842VAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    164510 | PA      | $152900.38    | 0.01%             | 2046-07-17      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Lo | Arbor Realty Collateralized Loan Obligation Ltd                                | CUSIP: 03881UAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1006117.00   | 0.09%             | 2041-01-20      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN       | Archrock Partners LP / Archrock Partners Finance Corp                          | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $722618.40    | 0.07%             | 2032-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GATX CORP                      | GATX Corp                                                                      | CUSIP: 361448BS1<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    285000 | PA      | $288886.95    | 0.03%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD               | GGAM Finance Ltd                                                               | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   1010000 | PA      | $1019968.70   | 0.09%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                                | CUSIP: 37045XEP7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    205000 | PA      | $214135.69    | 0.02%             | 2034-01-07      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC          | Genesee & Wyoming Inc                                                          | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    330000 | PA      | $338165.19    | 0.03%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN          | Genesis Energy LP / Genesis Energy Finance Corp                                | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1358648.64   | 0.12%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC               | UWM Holdings LLC                                                               | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    770000 | PA      | $714599.81    | 0.07%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VELOCITY COM CAP LLC           | Velocity Commercial Capital LLC                                                | CUSIP: 92259RAE5<br>LEI: 549300TA4MQM8WN2XG31 | Long             | DBT              | CORP              | US        |    340000 | PA      | $352003.02    | 0.03%             | 2031-02-15      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC         | Venture Global LNG Inc                                                         | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |   3050000 | PA      | $3018669.49   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications Inc                                                     | CUSIP: 92343VCV4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    470000 | PA      | $433813.47    | 0.04%             | 2036-01-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2026-3                                              | CUSIP: 92490HAN6<br>LEI: 213800WC8BFD1C25XM36 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $967103.60    | 0.09%             | 2071-03-25      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-1                                              | CUSIP: 92537QAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1926000 | PA      | $1617221.56   | 0.15%             | 2066-01-25      | Variable      | 1.97%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-8                                              | CUSIP: 92538GAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1747270.00   | 0.16%             | 2066-11-25      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2022-3                                              | CUSIP: 92538UAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1896973 | PA      | $1799756.39   | 0.16%             | 2067-02-25      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2022-1                                              | CUSIP: 92538WAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2276568.60   | 0.21%             | 2067-01-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2022-2                                              | CUSIP: 92538XAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3800000 | PA      | $3148823.26   | 0.29%             | 2067-02-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-3                                              | CUSIP: 92539LAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1240491.00   | 0.11%             | 2066-06-25      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2025-1 Ltd                                                       | CUSIP: 07876NAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5150000 | PA      | $5268173.96   | 0.48%             | 2035-10-25      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2025-1 Ltd                                                       | CUSIP: 07876NAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1034906.20   | 0.09%             | 2035-10-25      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re Ltd                                                              | CUSIP: 078915AD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    900000 | PA      | $926903.16    | 0.08%             | 2034-08-25      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC          | Belron UK Finance PLC                                                          | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    360000 | PA      | $363841.70    | 0.03%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC        | O'Reilly Automotive Inc                                                        | CUSIP: 67103HAL1<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    220000 | PA      | $219298.72    | 0.02%             | 2032-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                       | OZLM XIX Ltd                                                                   | CUSIP: 67112CBU0<br>LEI: 5493009C40QUU66J8E83 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000000.00   | 0.27%             | 2035-01-15      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C       | Outfront Media Capital LLC / Outfront Media Capital Corp                       | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $681544.85    | 0.06%             | 2030-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                 | Owens-Brockway Glass Container Inc                                             | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1253559.61   | 0.11%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC             | PBF Holding Co LLC / PBF Finance Corp                                          | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $687140.01    | 0.06%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                | AREIT 2024-CRE9 Ltd                                                            | CUSIP: 00193AAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $801331.20    | 0.07%             | 2041-05-17      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP              | Ares Capital Corp                                                              | CUSIP: 04010LBC6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    170000 | PA      | $149067.01    | 0.01%             | 2031-11-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP              | Ares Capital Corp                                                              | CUSIP: 04010LBL6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   1945000 | PA      | $1887354.25   | 0.17%             | 2031-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BIO-RAD LABS                   | Bio-Rad Laboratories Inc                                                       | CUSIP: 090572AQ1<br>LEI: 549300ZC1GPV35XYDK53 | Long             | DBT              | CORP              | US        |    315000 | PA      | $293656.09    | 0.03%             | 2032-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2026-R2                                           | CUSIP: 69490AAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000637.60   | 0.09%             | 2034-02-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| Pagaya Point of Sale Holdings  | Pagaya Point of Sale Holdings Grantor Trust 2025-1                             | CUSIP: 694951AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $764246.70    | 0.07%             | 2034-01-20      | Fixed         | 11.28%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-8                                            | CUSIP: 694956AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    999656 | PA      | $1000189.89   | 0.09%             | 2033-07-15      | Fixed         | 9.56%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2026-1                                            | CUSIP: 694964AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1735000 | PA      | $1722662.94   | 0.16%             | 2033-09-15      | Fixed         | 9.23%                 | No            |                  2 | On Loan: No      |
| Black Diamond CLO Ltd          | Black Diamond CLO 2022-1 Ltd                                                   | CUSIP: 09203BBG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1250000 | PA      | $1250000.00   | 0.11%             | 2039-04-25      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR         | Blackstone Mortgage Trust Inc                                                  | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |    690000 | PA      | $734290.41    | 0.07%             | 2029-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2026-1                                            | CUSIP: 694969AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1994442.80   | 0.18%             | 2033-09-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2026-R1                                                   | CUSIP: 694971AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1983264.20   | 0.18%             | 2033-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE         | Blackstone Private Credit Fund                                                 | CUSIP: 09261HBX4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   2871000 | PA      | $2821357.91   | 0.26%             | 2032-01-29      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE         | Blackstone Private Credit Fund                                                 | CUSIP: 09261HBY2<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    233000 | PA      | $223393.13    | 0.02%             | 2030-09-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BLACKROCK LTD                  | Blackrock Rainier CLO VI Ltd                                                   | CUSIP: 09261MBA3<br>LEI: 549300HF4E86WXQDUX86 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1895000.00   | 0.17%             | 2037-04-20      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| BORGWARNER INC                 | BorgWarner Inc                                                                 | CUSIP: 099724AQ9<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |    215000 | PA      | $218516.66    | 0.02%             | 2034-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2026-R1                                                   | CUSIP: 694972AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1498250.85   | 0.14%             | 2033-12-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-R2                                           | CUSIP: 69544VAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2008103 | PA      | $1996261.63   | 0.18%             | 2032-10-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN        | Borr IHC Ltd / Borr Finance LLC                                                | CUSIP: 100018AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    636347 | PA      | $668284.99    | 0.06%             | 2030-11-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Brant Point CLO Ltd            | Brant Point CLO 2023-1 Ltd                                                     | CUSIP: 104922AJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   5000000 | PA      | $5015985.00   | 0.46%             | 2038-07-26      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2024-NQM4                                      | CUSIP: 10568NAD4<br>LEI: 254900NOKQW417VKV943 | Long             | ABS-MBS          | CORP              | US        |    839393 | PA      | $811446.83    | 0.07%             | 2060-01-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2025-HE1                                       | CUSIP: 10568VAE4<br>LEI: 254900V4GL9A5JTVB991 | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2495494.50   | 0.23%             | 2072-09-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-10                                           | CUSIP: 69546UAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    914249 | PA      | $835178.03    | 0.08%             | 2032-06-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | PAGAYA AI Debt Trust 2022-2                                                    | CUSIP: 69546VAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    181323 | PA      | $181633.74    | 0.02%             | 2030-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                                       | CUSIP: 00206RFW7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    450000 | PA      | $430611.31    | 0.04%             | 2037-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Arizona Biltmore Trust         | ARZ Trust 2024-BILT                                                            | CUSIP: 00218TAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $255590.25    | 0.02%             | 2039-06-11      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2021-NQM2                                      | CUSIP: 10569EAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     47658 | PA      | $46947.73     | 0.00%             | 2060-03-25      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities  | Brean Asset Backed Securities Trust 2026-RM15                                  | CUSIP: 10639CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1922688.00   | 0.18%             | 2066-04-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust 2021-5                                          | CUSIP: 69547EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40806 | PA      | $40499.62     | 0.00%             | 2029-08-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust 2021-1                                          | CUSIP: 69547JAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1611 | PA      | $1604.62      | 0.00%             | 2027-11-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Secur | Bridgecrest Lending Auto Securitization Trust 2026-1                           | CUSIP: 107927AG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $991657.20    | 0.09%             | 2033-02-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Secur | Bridgecrest Lending Auto Securitization Trust 2023-1                           | CUSIP: 108056AG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3050000 | PA      | $3260948.37   | 0.30%             | 2030-07-15      | Fixed         | 10.37%                | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust | ARES Commercial Mortgage Trust 2024-IND                                        | CUSIP: 03990DAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501391.50    | 0.05%             | 2041-07-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                   | Ares LXX CLO Ltd                                                               | CUSIP: 039952AG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $1956498.00   | 0.18%             | 2039-01-25      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| BRISTOW GROUP INC              | Bristow Group Inc                                                              | CUSIP: 11040GAB9<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |    340000 | PA      | $346173.81    | 0.03%             | 2033-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BROWN-FORMAN CORP              | Brown-Forman Corp                                                              | CUSIP: 115637AT7<br>LEI: 549300873K3LXF7ARU34 | Long             | DBT              | CORP              | US        |    240000 | PA      | $210456.55    | 0.02%             | 2038-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Rec | Arivo Acceptance Auto Loan Receivables Trust 2025-1                            | CUSIP: 039962AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500902.55    | 0.05%             | 2032-01-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC          | Arrow Electronics Inc                                                          | CUSIP: 04273WAE1<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |    315000 | PA      | $325348.98    | 0.03%             | 2034-04-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG       | Berkshire Hathaway Energy Co                                                   | CUSIP: 59562VAM9<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    270000 | PA      | $289487.93    | 0.03%             | 2036-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE         | Brundage-Bone Concrete Pumping Holdings Inc                                    | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $681402.73    | 0.06%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Trust 2025-R1                                                   | CUSIP: 69548DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     53977 | PA      | $55113.33     | 0.01%             | 2032-06-15      | Fixed         | 12.11%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust                                                 | CUSIP: 69548MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    226039 | PA      | $229446.04    | 0.02%             | 2031-12-15      | Fixed         | 10.89%                | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC            | Ashtead Capital Inc                                                            | CUSIP: 045054AR4<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    275000 | PA      | $285638.32    | 0.03%             | 2033-10-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO         | Asurion LLC/ Asurion Co-Issuer Inc                                             | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104519.90    | 0.01%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES         | PNC Financial Services Group Inc/The                                           | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    710000 | PA      | $732062.46    | 0.07%             | 2035-01-22      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Point Securitization Trust     | Point Securitization Trust 2025-2                                              | CUSIP: 73071PAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1496775 | PA      | $1486329.48   | 0.14%             | 2055-10-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| ATLX Trust                     | ATLX 2024-RPL1 Trust                                                           | CUSIP: 049915AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1668067.37   | 0.15%             | 2064-04-25      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| ATLX Trust                     | ATLX 2024-RPL1 Trust                                                           | CUSIP: 049915AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4895795.00   | 0.45%             | 2064-04-25      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| Audax Senior Debt CLO, LLC     | Audax Senior Debt CLO 6 LLC                                                    | CUSIP: 05071LAS5<br>LEI: 2549006TLPR4JUFAHF18 | Long             | ABS-CBDO         | CORP              | US        |   3500000 | PA      | $3373125.00   | 0.31%             | 2037-10-20      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| Avant Credit Card Master Trust | Avant Credit Card Master Trust                                                 | CUSIP: 05351KAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502783.30    | 0.05%             | 2030-04-15      | Fixed         | 6.23%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-5                                            | CUSIP: 69548XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1287450 | PA      | $1291325.86   | 0.12%             | 2033-03-15      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Grantor Trust 2025-6                                            | CUSIP: 69549CAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1999816 | PA      | $1991151.88   | 0.18%             | 2033-04-15      | Fixed         | 8.48%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-7                                            | CUSIP: 69549DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    499911 | PA      | $496570.19    | 0.05%             | 2033-05-15      | Fixed         | 8.89%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-R3                                           | CUSIP: 69549KAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1171440 | PA      | $1167044.31   | 0.11%             | 2033-01-18      | Fixed         | 8.93%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2026-2                                            | CUSIP: 69549PAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3501419.25   | 0.32%             | 2033-11-15      | Fixed         | 6.78%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER          | Panther Escrow Issuer LLC                                                      | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1286717.04   | 0.12%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                                       | CUSIP: 05377REU4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1981151.00   | 0.18%             | 2028-02-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                                       | CUSIP: 05377RJS4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2281332.60   | 0.21%             | 2029-06-20      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC         | Penn Entertainment Inc                                                         | CUSIP: 707569AY5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    730000 | PA      | $724383.02    | 0.07%             | 2031-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Pennantpark CLO                | PennantPark CLO 12 LLC                                                         | CUSIP: 70807EAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $2918802.00   | 0.27%             | 2037-04-20      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC          | PennyMac Financial Services Inc                                                | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968753.50    | 0.09%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I       | Performance Food Group Inc                                                     | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $970219.10    | 0.09%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE       | Perrigo Finance Unlimited Co                                                   | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |   1560000 | PA      | $1469079.92   | 0.13%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PHH ESCROW ISS LCC/PHH C       | PHH Escrow Issuer LLC/PHH Corp                                                 | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    960000 | PA      | $970256.64    | 0.09%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| HESS CORP                      | Hess Corp                                                                      | CUSIP: 023551AM6<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    190000 | PA      | $216457.40    | 0.02%             | 2033-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                             | CUSIP: 36179XNF9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    724351 | PA      | $722761.39    | 0.07%             | 2052-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC         | Philip Morris International Inc                                                | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    285000 | PA      | $290505.01    | 0.03%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                     | Phinia Inc                                                                     | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    145000 | PA      | $148594.70    | 0.01%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                             | CUSIP: 36179XQX7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4047596 | PA      | $4113189.42   | 0.37%             | 2053-01-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                             | CUSIP: 36179YAT1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    513764 | PA      | $528201.82    | 0.05%             | 2053-07-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                     | Phinia Inc                                                                     | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    660000 | PA      | $676717.80    | 0.06%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL       | Phoenix Aviation Capital Ltd                                                   | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |   2110000 | PA      | $2155149.78   | 0.20%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE       | Plains All American Pipeline LP / PAA Finance Corp                             | CUSIP: 72650RBP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $220352.37    | 0.02%             | 2034-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2021-MM1                                   | CUSIP: 36264JAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    771519 | PA      | $639182.21    | 0.06%             | 2052-04-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2024-HE1                                   | CUSIP: 36270AAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1008108.00   | 0.09%             | 2054-08-25      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2024-PJ8                                   | CUSIP: 36272LCT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1262000 | PA      | $1110171.30   | 0.10%             | 2055-02-25      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2024-PJ8                                   | CUSIP: 36272LCU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1734641 | PA      | $1299719.67   | 0.12%             | 2055-02-25      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                                       | CUSIP: 05377RJW5<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1011267.90   | 0.09%             | 2028-08-21      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                                    | CUSIP: 05401ABC4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    295000 | PA      | $287919.65    | 0.03%             | 2032-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2024-PJ10                                  | CUSIP: 36273ABB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  45476695 | PA      | $377774.91    | 0.03%             | 2055-04-25      | Variable      | 0.65%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2025-DSC1                                  | CUSIP: 36275EAH4<br>LEI: 25490038RWR4AJZ5B524 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $984236.90    | 0.09%             | 2065-06-25      | Variable      | 7.17%                 | No            |                  2 | On Loan: No      |
| Point Securitization Trust     | Point Securitization Trust 2026-1                                              | CUSIP: 73072JAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $982905.40    | 0.09%             | 2056-02-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Point Securitization Trust     | Point Securitization Trust 2026-1                                              | CUSIP: 73072JAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $980524.10    | 0.09%             | 2056-02-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2026-DSC1                                  | CUSIP: 36276BAF3<br>LEI: 254900D34P4JFEYPLX58 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1953593.20   | 0.18%             | 2066-05-25      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2026-CES1                                  | CUSIP: 36277LAE3<br>LEI: 2549005U12N6A8G3H936 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $992255.40    | 0.09%             | 2056-05-25      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC            | Axon Enterprise Inc                                                            | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    700000 | PA      | $718739.70    | 0.07%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch  | BAMLL Trust 2025-ASHF                                                          | CUSIP: 05494CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $755905.50    | 0.07%             | 2042-02-15      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                  | B&G Foods Inc                                                                  | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49617.46     | 0.00%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BCRED MML CLO 2021-1 LLC       | BCRED MML CLO 2021-1 LLC                                                       | CUSIP: 05554LAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2675000 | PA      | $2678833.28   | 0.24%             | 2035-01-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2023-1                                       | CUSIP: 36266XAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1074664.90   | 0.10%             | 2030-03-15      | Fixed         | 11.42%                | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2023-3                                       | CUSIP: 36267PAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1583258.55   | 0.14%             | 2030-08-15      | Fixed         | 9.27%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2024-4                                       | CUSIP: 36270YAN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1826000 | PA      | $1888326.86   | 0.17%             | 2031-08-15      | Fixed         | 7.51%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2023-4                                       | CUSIP: 362929AG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1075818.20   | 0.10%             | 2030-08-15      | Fixed         | 9.72%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                                            | CUSIP: 37940XAQ5<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    165000 | PA      | $164219.14    | 0.01%             | 2032-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2026-CES1                                  | CUSIP: 36277LAF0<br>LEI: 2549005U12N6A8G3H936 | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $595448.52    | 0.05%             | 2056-05-25      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2024-RPL4                                  | CUSIP: 362948AF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1443322.50   | 0.13%             | 2061-09-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD        | Global Aircraft Leasing Co Ltd                                                 | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1990000 | PA      | $2020966.39   | 0.18%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2024-3                                       | CUSIP: 37989AAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1025306.90   | 0.09%             | 2031-06-16      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2025-3                                       | CUSIP: 37989YAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $995105.00    | 0.09%             | 2032-08-16      | Fixed         | 6.52%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2024-PJ7                                   | CUSIP: 362949CR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1529000 | PA      | $1403680.10   | 0.13%             | 2054-11-25      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS PRIVATE CR       | Goldman Sachs Private Credit Corp                                              | CUSIP: 38152BAQ4<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |    875000 | PA      | $867876.98    | 0.08%             | 2031-06-16      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                           | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    845000 | PA      | $734827.82    | 0.07%             | 2036-09-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2025-BNK51                                                                | CUSIP: 06541HAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $713982.00    | 0.07%             | 2067-12-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARRICK INTL BARBADOS          | Barrick International Barbados Corp                                            | CUSIP: 06849AAB5<br>LEI: 549300Q10KSESPW7OK85 | Long             | DBT              | CORP              | BB        |    130000 | PA      | $140677.75    | 0.01%             | 2036-10-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC       | Baxter International Inc                                                       | CUSIP: 071813CS6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    345000 | PA      | $293254.83    | 0.03%             | 2032-02-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP           | Beacon Mobility Corp                                                           | CUSIP: 073644AA4<br>LEI: 254900EBTYFG24UQEM31 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1094123.10   | 0.10%             | 2030-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2025-1 Ltd                                                       | CUSIP: 07876NAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3400000 | PA      | $3418534.76   | 0.31%             | 2035-10-25      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL BDC              | Golub Capital BDC Inc                                                          | CUSIP: 38173MAE2<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1314139.67   | 0.12%             | 2029-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd | Golub Capital Partners CLO 80M                                                 | CUSIP: 38180WAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2396875.00   | 0.22%             | 2039-05-09      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2025-1 Ltd                                                       | CUSIP: 07876NAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3250000 | PA      | $3296035.60   | 0.30%             | 2035-10-25      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2023-1 Ltd                                                       | CUSIP: 07876XAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    979249 | PA      | $999083.64    | 0.09%             | 2033-10-25      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP           | Reworld Holding Corp                                                           | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    710000 | PA      | $682260.23    | 0.06%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140MWXQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    803532 | PA      | $796644.05    | 0.07%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140N4PS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2685651 | PA      | $2767486.64   | 0.25%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140QBTF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8243245 | PA      | $7234738.81   | 0.66%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140QG3D7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2028507 | PA      | $1707042.36   | 0.16%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140QNKN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4818288 | PA      | $3869928.32   | 0.35%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140QTEJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5104871 | PA      | $5149865.05   | 0.47%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140W5LS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5883170 | PA      | $5943474.29   | 0.54%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XLE38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1088604 | PA      | $1099279.38   | 0.10%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XNPY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2101661 | PA      | $2082866.74   | 0.19%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XQ2C0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2495798 | PA      | $2473863.63   | 0.23%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XRGA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3578175 | PA      | $3138702.11   | 0.29%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE            | CDW LLC / CDW Finance Corp                                                     | CUSIP: 12513GBL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $327066.14    | 0.03%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust | CFMT 2024-R1 LLC                                                               | CUSIP: 12530YAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $946841.90    | 0.09%             | 2054-10-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trus | CarMax Select Receivables Trust 2026-A                                         | CUSIP: 142929AH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1484170.80   | 0.14%             | 2033-02-15      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | CARLYLE US CLO 2019-1 LTD                                                      | CUSIP: 14316BBQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2400000 | PA      | $2406278.40   | 0.22%             | 2031-04-20      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER         | Goodyear Tire & Rubber Co/The                                                  | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1079656.77   | 0.10%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                 | Gray Media Inc                                                                 | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1960000 | PA      | $1532631.80   | 0.14%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | RCKT Mortgage Trust 2021-5                                                     | CUSIP: 749384AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5252787 | PA      | $4418649.80   | 0.40%             | 2051-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | RCKT Mortgage Trust 2022-4                                                     | CUSIP: 74938GAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2359070 | PA      | $2114581.95   | 0.19%             | 2052-06-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | RCKT Mortgage Trust 2025-CES1                                                  | CUSIP: 749427AU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2969898.00   | 0.27%             | 2045-01-25      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| VT TOPCO INC                   | VT Topco Inc                                                                   | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1516569.32   | 0.14%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2023-1 Ltd                                                       | CUSIP: 07876XAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    200000 | PA      | $213224.00    | 0.02%             | 2033-10-25      | Floating      | 10.35%                | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Secur | BHG Securitization Trust 2022-C                                                | CUSIP: 08860DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $528202.85    | 0.05%             | 2035-10-17      | Fixed         | 9.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XRN35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5207910 | PA      | $5277224.88   | 0.48%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XTCF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3392707 | PA      | $2864866.05   | 0.26%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2022-3                                              | CUSIP: 92538UAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1144081.50   | 0.10%             | 2067-02-25      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD             | Viking Cruises Ltd                                                             | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   1280000 | PA      | $1283886.08   | 0.12%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust               | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                                        | CUSIP: 403956AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200723.00    | 0.02%             | 2037-05-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust               | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                                        | CUSIP: 403956AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $201437.60    | 0.02%             | 2037-05-15      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2026-CES1                                     | CUSIP: 92790EAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2919000 | PA      | $2885233.88   | 0.26%             | 2056-02-25      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2026-CES1                                     | CUSIP: 92790EAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1977336.00   | 0.18%             | 2056-02-25      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp                                                                  | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    540000 | PA      | $548213.17    | 0.05%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CarNow Auto Receivables Trust  | CarNow Auto Receivables Trust 2022-1                                           | CUSIP: 14367LAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    439475 | PA      | $266518.36    | 0.02%             | 2027-09-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC       | Constellation Brands Inc                                                       | CUSIP: 21036PBP2<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    220000 | PA      | $217876.22    | 0.02%             | 2033-05-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES          | Continental Resources Inc/OK                                                   | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    215000 | PA      | $219776.32    | 0.02%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Corporate One Auto Receivables | Corporate One Auto Receivables Trust 2026-1                                    | CUSIP: 22004UAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $248464.75    | 0.02%             | 2034-07-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| DCLI BIDCO LLC                 | Dcli Bidco LLC                                                                 | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |    670000 | PA      | $690534.83    | 0.06%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP            | Carrier Global Corp                                                            | CUSIP: 14448CAR5<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    180000 | PA      | $143702.89    | 0.01%             | 2040-04-05      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CARS.COM INC                   | Cars.com Inc                                                                   | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295117.50    | 0.03%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DBSG 2024-ALTA Mortgage Trust  | DBSG 2024-ALTA Mortgage Trust                                                  | CUSIP: 239918AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $403298.00    | 0.04%             | 2037-06-10      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust   | DC Trust 2024-HLTN                                                             | CUSIP: 24022FAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501362.50    | 0.05%             | 2040-04-13      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust   | DC Trust 2024-HLTN                                                             | CUSIP: 24022FAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $301311.30    | 0.03%             | 2040-04-13      | Variable      | 7.98%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2021-3                                    | CUSIP: 24381VAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2948000 | PA      | $2329174.12   | 0.21%             | 2066-08-25      | Variable      | 3.27%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2022-N1                                         | CUSIP: 14686GAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    602031 | PA      | $590357.61    | 0.05%             | 2028-12-11      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2023-N2                                         | CUSIP: 14686LAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1562455.80   | 0.14%             | 2030-04-10      | Fixed         | 9.94%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2023-N3                                         | CUSIP: 14686RAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2411000 | PA      | $2540870.20   | 0.23%             | 2030-09-10      | Fixed         | 9.49%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2021-N4                                         | CUSIP: 14687HAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1265002 | PA      | $1250767.52   | 0.11%             | 2028-09-11      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                             | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    140000 | PA      | $145031.86    | 0.01%             | 2031-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2022-4                                      | CUSIP: 268432AE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1491476.10   | 0.14%             | 2067-09-25      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 31418D6L1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3950412 | PA      | $3430885.75   | 0.31%             | 2041-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 31418DZ62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3749903 | PA      | $3272876.35   | 0.30%             | 2041-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HTL Commercial Mortgage Trust  | HTL Commercial Mortgage Trust 2024-T53                                         | CUSIP: 404300AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $305497.80    | 0.03%             | 2039-05-10      | Variable      | 8.47%                 | No            |                  2 | On Loan: No      |
| HPS Private Credit CLO         | HPS Private Credit CLO 2024-2 LLC                                              | CUSIP: 40443QAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $4003284.00   | 0.36%             | 2036-05-15      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| HTL Commercial Mortgage Trust  | HTL Commercial Mortgage Trust 2024-T53                                         | CUSIP: 404300AL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $102420.00    | 0.01%             | 2039-05-10      | Variable      | 12.32%                | No            |                  2 | On Loan: No      |
| IBM INTERNAT CAPITAL           | IBM International Capital Pte Ltd                                              | CUSIP: 449276AE4<br>LEI: 2549007KTXQQBYZO7485 | Long             | DBT              | CORP              | SG        |    295000 | PA      | $291361.53    | 0.03%             | 2034-02-05      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2024-NQM1                                                                 | CUSIP: 26845DAJ4<br>LEI: 254900GTI06L3BTCLG55 | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $392442.00    | 0.04%             | 2069-11-25      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2025-NQM1                                                                 | CUSIP: 26846CAF3<br>LEI: 254900TJEVLCYF1H3X71 | Long             | ABS-MBS          | CORP              | US        |   1804000 | PA      | $1805567.68   | 0.16%             | 2070-01-25      | Variable      | 7.43%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2026-NQM4                                                                 | CUSIP: 26846KAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2406502.00   | 0.22%             | 2071-04-25      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2017-1                                      | CUSIP: 26846MAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1220000 | PA      | $1214565.27   | 0.11%             | 2060-12-25      | Variable      | 7.95%                 | No            |                  2 | On Loan: No      |
| Eldridge CLO Ltd               | Eldridge CLO 2025-1 Ltd                                                        | CUSIP: 284913AL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $2257191.00   | 0.21%             | 2038-10-20      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| ENACT HOLDINGS INC             | Enact Holdings Inc                                                             | CUSIP: 29249EAA7<br>LEI: 9845003CA5664B741N19 | Long             | DBT              | CORP              | US        |    215000 | PA      | $222285.89    | 0.02%             | 2029-05-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2025-D                                                  | CUSIP: 68379HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300967.86    | 0.03%             | 2033-02-08      | Fixed         | 10.82%                | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                    | CUSIP: 68389XBE4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    340000 | PA      | $287967.33    | 0.03%             | 2035-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| HELIX ENERGY SOLUTIONS         | Helix Energy Solutions Group Inc                                               | CUSIP: 42330PAL1<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |    320000 | PA      | $336261.12    | 0.03%             | 2029-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                 | Hertz Corp/The                                                                 | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    790000 | PA      | $745265.70    | 0.07%             | 2029-07-15      | Fixed         | 12.62%                | No            |                  2 | On Loan: No      |
| IP 2025-IP Mortgage Trust      | IP 2025-IP Mortgage Trust                                                      | CUSIP: 449843AJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $251811.50    | 0.02%             | 2042-06-10      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| ICNQ Mortgage Trust            | ICNQ 2024-MF Mortgage Trust                                                    | CUSIP: 450953AL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $751938.00    | 0.07%             | 2034-12-10      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                                       | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    650000 | PA      | $678845.70    | 0.06%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                                       | CUSIP: 92840VAS1<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    280000 | PA      | $289150.68    | 0.03%             | 2034-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC    | Hertz Vehicle Financing III LLC                                                | CUSIP: 42806MCD9<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1016717.20   | 0.09%             | 2028-02-25      | Fixed         | 9.43%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC    | Hertz Vehicle Financing III LLC                                                | CUSIP: 42806MDT3<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $751670.25    | 0.07%             | 2032-05-25      | Fixed         | 8.30%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC              | Imperial Fund Mortgage Trust 2021-NQM1                                         | CUSIP: 452764AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1661999.80   | 0.15%             | 2056-06-25      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC              | Imperial Fund Mortgage Trust 2022-NQM1                                         | CUSIP: 452766AF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1458205.20   | 0.13%             | 2067-02-25      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2026-A                                                  | CUSIP: 68390VAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $996879.00    | 0.09%             | 2034-01-09      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2026-A                                                  | CUSIP: 68390VAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $499119.25    | 0.05%             | 2034-01-09      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP       | Hilcorp Energy I LP / Hilcorp Finance Co                                       | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $339965.32    | 0.03%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Home Re Ltd                    | Home Re 2026-1 Ltd                                                             | CUSIP: 436956AD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   2700000 | PA      | $2729187.54   | 0.25%             | 2036-01-25      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| Invesco Senior Loan ETF        | Invesco Senior Loan ETF                                                        | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             | EC               | RF                | US        |    484603 | NS      | $9973129.74   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBoxx USD Investment G | iShares iBoxx USD Investment Grade Corporate Bond ETF                          | CUSIP: 464287242<br>LEI: 549300FYCXFXG8POR355 | Long             | EC               | RF                | US        |     26216 | NS      | $2853611.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCORE CAPITAL GROUP INC       | Encore Capital Group Inc                                                       | CUSIP: 292554AS1<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    670000 | PA      | $681369.90    | 0.06%             | 2031-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ENERFLEX INC                   | Enerflex Inc                                                                   | CUSIP: 29281WAA6<br>LEI: 549300SQCOV1LC1GBK07 | Long             | DBT              | CORP              | US        |    700000 | PA      | $721502.60    | 0.07%             | 2031-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY        | Howard Midstream Energy Partners LLC                                           | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    720000 | PA      | $732840.48    | 0.07%             | 2034-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | RCKT Mortgage Trust 2025-CES3                                                  | CUSIP: 749420AU9<br>LEI: 254900HS4CN69R7ARQ97 | Long             | ABS-MBS          | CORP              | US        |   2839000 | PA      | $2797224.12   | 0.25%             | 2055-03-25      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust Series 2024-CES2                              | CUSIP: 92841YAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7049000 | PA      | $7195255.47   | 0.66%             | 2054-10-25      | Variable      | 9.38%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2025-CES1                                     | CUSIP: 92842DAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2697000 | PA      | $2789377.64   | 0.25%             | 2055-04-25      | Variable      | 8.96%                 | No            |                  2 | On Loan: No      |
| Enviva LLC                     | Enviva LLC                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      5458 | NS      | $109160.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC         | EquipmentShare.com Inc                                                         | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1093669.45   | 0.10%             | 2032-05-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | RCKT Mortgage Trust 2025-CES5                                                  | CUSIP: 74942CAS8<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-MBS          | CORP              | US        |   2730000 | PA      | $2760050.20   | 0.25%             | 2055-05-25      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO       | Virginia Electric and Power Co                                                 | CUSIP: 927804GT5<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    290000 | PA      | $290490.45    | 0.03%             | 2035-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                  | PRA Group Inc                                                                  | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $968968.07    | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag | PRPM 2022-NQM1 Trust                                                           | CUSIP: 69378KAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1482930.90   | 0.14%             | 2067-08-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2025-CES3                                     | CUSIP: 92842MAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4618000 | PA      | $4645669.67   | 0.42%             | 2055-11-25      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2025-CES3                                     | CUSIP: 92842MAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1588000 | PA      | $1588342.21   | 0.14%             | 2055-11-25      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC        | Kodiak Gas Services LLC                                                        | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    660000 | PA      | $675468.42    | 0.06%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO           | Kraft Heinz Foods Co                                                           | CUSIP: 50076QAR7<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    200000 | PA      | $217889.25    | 0.02%             | 2039-01-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ENVIVA ESCROW                  | ENVIVA ESCROW                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    150000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ESAB CORP                      | Esab Corp                                                                      | CUSIP: 29605JAB2<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    360000 | PA      | $364215.18    | 0.03%             | 2031-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2025-CES2                                     | CUSIP: 92842UAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3030113.70   | 0.28%             | 2055-08-25      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2025-CES2                                     | CUSIP: 92842UAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3012747.60   | 0.27%             | 2055-08-25      | Variable      | 8.15%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2021-3                                    | CUSIP: 24381VAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $799659.80    | 0.07%             | 2066-08-25      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2021-2                                    | CUSIP: 24381WAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $308727.14    | 0.03%             | 2066-04-25      | Variable      | 3.17%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2024-CES3                                     | CUSIP: 92841WAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2042590.40   | 0.19%             | 2055-01-25      | Variable      | 9.52%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2025-CES1                                     | CUSIP: 92842DAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1012682.10   | 0.09%             | 2055-04-25      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2021-2                                      | CUSIP: 31572LAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $498443.54    | 0.05%             | 2066-06-25      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2021-2                                      | CUSIP: 31572LAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2315000 | PA      | $1727226.13   | 0.16%             | 2066-06-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| ALA Trust                      | ALA Trust 2025-OANA                                                            | CUSIP: 009920AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200946.00    | 0.02%             | 2040-06-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RES OP/FINANCE        | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp       | CUSIP: 01879NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1088049.04   | 0.10%             | 2029-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2021-2                                    | CUSIP: 24381WAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1004995.55   | 0.09%             | 2066-04-25      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2022-1                                    | CUSIP: 24382JAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1465201.68   | 0.13%             | 2067-01-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                     | VMware LLC                                                                     | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    370000 | PA      | $327593.71    | 0.03%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| VOLTAGRID LLC                  | VoltaGrid LLC                                                                  | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |    650000 | PA      | $674951.55    | 0.06%             | 2030-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2022-1                                      | CUSIP: 31573CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3810000 | PA      | $2993288.40   | 0.27%             | 2067-01-25      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2021-3                                      | CUSIP: 31573JAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1121813.40   | 0.10%             | 2066-09-25      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| AMCR ABS Trust                 | AMCR ABS Trust 2026-A                                                          | CUSIP: 02341AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $765478.80    | 0.07%             | 2033-05-18      | Fixed         | 9.84%                 | No            |                  2 | On Loan: No      |
| AMDR ABS Trust                 | AMDR ABS TRUST 2025-1                                                          | CUSIP: 02342WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220399 | PA      | $220971.20    | 0.02%             | 2033-12-19      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag | PRPM 2025-RCF4 LLC                                                             | CUSIP: 69382WAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1924756.40   | 0.18%             | 2055-08-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag | PRPM 2025-RCF5 LLC                                                             | CUSIP: 69384AAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1850000 | PA      | $1774127.99   | 0.16%             | 2055-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC         | Williams Cos Inc/The                                                           | CUSIP: 969457CP3<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    210000 | PA      | $215274.67    | 0.02%             | 2035-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Windhill CLO Ltd               | Windhill CLO 3 Ltd                                                             | CUSIP: 97338BAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2484887.50   | 0.23%             | 2038-01-22      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| WFLD MORTGAGE TRUST            | WFLD 2014-MONT Mortgage Trust                                                  | CUSIP: 92939GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    272928 | PA      | $263436.61    | 0.02%             | 2031-08-10      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| WALKER & DUNLOP INC            | Walker & Dunlop Inc                                                            | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    740000 | PA      | $736350.54    | 0.07%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC           | Waste Management Inc                                                           | CUSIP: 94106LBW8<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    215000 | PA      | $217416.83    | 0.02%             | 2034-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2025-VTT                                 | CUSIP: 94990GAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1511587.50   | 0.14%             | 2038-03-15      | Variable      | 7.14%                 | No            |                  2 | On Loan: No      |
| KROGER CO                      | Kroger Co/The                                                                  | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    295000 | PA      | $291510.45    | 0.03%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP               | Lamar Media Corp                                                               | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $367889.93    | 0.03%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | PRET 2025-RPL1 Trust                                                           | CUSIP: 69392FAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1447144.20   | 0.13%             | 2069-07-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | PRET 2025-RPL1 Trust                                                           | CUSIP: 69392FAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $926179.20    | 0.08%             | 2069-07-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2017-1                                      | CUSIP: 31574XAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $791260.00    | 0.07%             | 2066-02-25      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                               | CUSIP: 50212YAF1<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    300000 | PA      | $288206.82    | 0.03%             | 2031-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                               | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    635000 | PA      | $652598.57    | 0.06%             | 2034-07-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT       | Western Midstream Operating LP                                                 | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    210000 | PA      | $220363.22    | 0.02%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                 | Lowe's Cos Inc                                                                 | CUSIP: 548661EE3<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    305000 | PA      | $215945.74    | 0.02%             | 2041-09-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC              | Upbound Group Inc                                                              | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |    740000 | PA      | $731855.27    | 0.07%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2026-1                                           | CUSIP: 525952AD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    682047 | PA      | $676888.10    | 0.06%             | 2031-09-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC              | Lithia Motors Inc                                                              | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    710000 | PA      | $680819.50    | 0.06%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SV RNO PROPERTY OWNER 1        | SV RNO Property Owner 1 LLC                                                    | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $363265.52    | 0.03%             | 2031-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST        | Starwood Property Trust Inc                                                    | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    680000 | PA      | $680184.76    | 0.06%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2022-3                                     | CUSIP: 85571RAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    880373 | PA      | $831921.98    | 0.08%             | 2067-03-25      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2019-INV1                                  | CUSIP: 85572JAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $476622.01    | 0.04%             | 2049-09-27      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| Starwood Residential Mortgage  | STAR 2021-1 Trust                                                              | CUSIP: 85573GAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $532770.72    | 0.05%             | 2065-05-25      | Variable      | 3.52%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2021-3                                     | CUSIP: 85573JAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $784554.90    | 0.07%             | 2056-06-25      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2021-3                                     | CUSIP: 85573JAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2387730.00   | 0.22%             | 2056-06-25      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2021-4                                     | CUSIP: 85573PAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2460000 | PA      | $1731881.82   | 0.16%             | 2056-08-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC              | Post Holdings Inc                                                              | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1280327.68   | 0.12%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PowerPay Issuance Trust        | PowerPay Issuance Trust 2024-1                                                 | CUSIP: 73934RAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    288242 | PA      | $293756.45    | 0.03%             | 2039-02-18      | Fixed         | 8.46%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trus | Prestige Auto Receivables Trust 2024-1                                         | CUSIP: 74113QAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1975000 | PA      | $1982571.56   | 0.18%             | 2031-04-15      | Fixed         | 7.94%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trus | Prestige Auto Receivables Trust 2022-1                                         | CUSIP: 74113RAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23035 | PA      | $22932.83     | 0.00%             | 2028-08-15      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trus | Prestige Auto Receivables Trust 2024-2                                         | CUSIP: 74113SAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $726518.33    | 0.07%             | 2031-11-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag | PRPM 2025-RPL4 LLC                                                             | CUSIP: 74448NAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1851041.80   | 0.17%             | 2055-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HO       | Wildfire Intermediate Holdings LLC                                             | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |    710000 | PA      | $731136.70    | 0.07%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| XPO INC                        | XPO Inc                                                                        | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    330000 | PA      | $341859.87    | 0.03%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP        | Zebra Technologies Corp                                                        | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    670000 | PA      | $683448.82    | 0.06%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS         | Zimmer Biomet Holdings Inc                                                     | CUSIP: 98956PAV4<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |    330000 | PA      | $295087.66    | 0.03%             | 2031-11-24      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables T | Lobel Automobile Receivables Trust 2026-1                                      | CUSIP: 53948VAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1197311.25   | 0.11%             | 2031-01-15      | Fixed         | 8.37%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables T | Lobel Automobile Receivables Trust 2023-2                                      | CUSIP: 53949FAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1042929.40   | 0.10%             | 2030-09-16      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA         | Stena International SA                                                         | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    990000 | PA      | $1007263.62   | 0.09%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STONEBRIAR ABF LLC             | Stonebriar ABF Issuer LLC                                                      | CUSIP: 86177CAA7<br>LEI: 984500A76E25968C4F70 | Long             | DBT              | CORP              | US        |    330000 | PA      | $346810.53    | 0.03%             | 2030-12-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2022-1                                    | CUSIP: 24382JAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3124748.00   | 0.28%             | 2067-01-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3133CYQ43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2295367 | PA      | $2386853.27   | 0.22%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN       | RHP Hotel Properties LP / RHP Finance Corp                                     | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $359357.95    | 0.03%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC            | Resideo Funding Inc                                                            | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    720000 | PA      | $727521.12    | 0.07%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                      | Sunoco LP                                                                      | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | EP               | CORP              | US        |    710000 | PA      | $735663.66    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SYNERGY INFRASTRUCTURE H       | Synergy Infrastructure Holdings LLC                                            | CUSIP: 87191JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    660000 | PA      | $694586.64    | 0.06%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                               | CUSIP: 87264ADC6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    275000 | PA      | $287163.85    | 0.03%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                   | CUSIP: 87470LAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1288130.63   | 0.12%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                 | Rocket Cos Inc                                                                 | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1282476.20   | 0.12%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ROLLER BEARING CO OF AME       | Roller Bearing Co of America Inc                                               | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |    370000 | PA      | $362242.51    | 0.03%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP           | Targa Resources Corp                                                           | CUSIP: 87612GAF8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    200000 | PA      | $216921.48    | 0.02%             | 2034-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD               | Taseko Mines Ltd                                                               | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |   1220000 | PA      | $1278677.12   | 0.12%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GCAT                           | GCAT 2021-NQM2 Trust                                                           | CUSIP: 36166XAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    171989 | PA      | $152050.43    | 0.01%             | 2066-05-25      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| GCAT                           | GCAT 2022-NQM2 Trust                                                           | CUSIP: 36169KAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    694025 | PA      | $655167.80    | 0.06%             | 2067-02-25      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC         | GE HealthCare Technologies Inc                                                 | CUSIP: 36266GAC1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    285000 | PA      | $289247.57    | 0.03%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2026-1                                       | CUSIP: 36274AAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1477734.15   | 0.13%             | 2033-03-15      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust          | Theorem Funding Trust 2022-2                                                   | CUSIP: 88339FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140372 | PA      | $140590.32    | 0.01%             | 2028-12-15      | Fixed         | 9.27%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2017-6                                               | CUSIP: 89175JAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2242877.70   | 0.20%             | 2057-10-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                     | goeasy Ltd                                                                     | CUSIP: 380355AR8<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    890000 | PA      | $740006.43    | 0.07%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                    | CUSIP: 38148YAA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    695000 | PA      | $608416.22    | 0.06%             | 2038-10-31      | Variable      | 4.02%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2018-5                                               | CUSIP: 89176VAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1398904.20   | 0.13%             | 2058-07-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2019-1                                               | CUSIP: 89177BAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1582201.20   | 0.14%             | 2058-03-25      | Variable      | 3.77%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS PRIVATE CR       | Goldman Sachs Private Credit Corp                                              | CUSIP: 38152BAG6<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |   2265000 | PA      | $2228280.07   | 0.20%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP        | Gulfport Energy Operating Corp                                                 | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    660000 | PA      | $677926.26    | 0.06%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                                        | CUSIP: 404121AK1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    290000 | PA      | $293649.33    | 0.03%             | 2034-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP         | HA Sustainable Infrastructure Capital Inc                                      | CUSIP: 41068XAH3<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    720000 | PA      | $727074.00    | 0.07%             | 2056-11-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC         | Roper Technologies Inc                                                         | CUSIP: 776743AL0<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    340000 | PA      | $294850.41    | 0.03%             | 2031-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                                    | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    285000 | PA      | $289443.39    | 0.03%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HAWAIIAN ELEC CO               | Hawaiian Electric Co Inc                                                       | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |    670000 | PA      | $672594.24    | 0.06%             | 2033-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                | Gen Digital Inc                                                                | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    740000 | PA      | $721563.25    | 0.07%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2021-SJ2                                             | CUSIP: 89180LAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1869636.20   | 0.17%             | 2061-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS        | TransMontaigne Partners LLC                                                    | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $321016.47    | 0.03%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-4                                              | CUSIP: 92538HAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    518788 | PA      | $446820.91    | 0.04%             | 2066-07-25      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-6                                              | CUSIP: 92538MAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    290000 | PA      | $219512.57    | 0.02%             | 2066-10-25      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes          | Tricon American Homes 2020-SFR1                                                | CUSIP: 89613GAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $198166.04    | 0.02%             | 2038-07-17      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd               | Trinitas CLO XXIII Ltd                                                         | CUSIP: 89642TAU7<br>LEI: 635400HEV45BA22Y6W50 | Long             | ABS-CBDO         | CORP              | BM        |   3500000 | PA      | $3506856.50   | 0.32%             | 2038-10-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| TRINITY INDUSTRIES INC         | Trinity Industries Inc                                                         | CUSIP: 896522AJ8<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |    660000 | PA      | $677863.56    | 0.06%             | 2028-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN          | Trivium Packaging Finance BV                                                   | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    630000 | PA      | $687357.72    | 0.06%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC             | Royalty Pharma PLC                                                             | CUSIP: 78081BAL7<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    380000 | PA      | $291150.73    | 0.03%             | 2040-09-02      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| TX Trust 24-HOU                | TX Trust 2024-HOU                                                              | CUSIP: 90216DAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200436.00    | 0.02%             | 2039-06-15      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                | Tyson Foods Inc                                                                | CUSIP: 902494AZ6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    295000 | PA      | $290266.54    | 0.03%             | 2034-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL        | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    980000 | PA      | $963590.68    | 0.09%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS       | Univision Communications Inc                                                   | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    770000 | PA      | $735192.69    | 0.07%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST               | Unlock HEA Trust 2025-2                                                        | CUSIP: 914917AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4892611 | PA      | $4848079.63   | 0.44%             | 2041-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST               | Unlock HEA Trust 2025-2                                                        | CUSIP: 914917AB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $974721.40    | 0.09%             | 2041-11-25      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST               | Unlock Hea Trust 2023-1                                                        | CUSIP: 91528JAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $9908580.00   | 0.90%             | 2038-10-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Upgrade Receivables Trust      | Upgrade Receivables Trust 2024-1                                               | CUSIP: 91533NAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2065267.60   | 0.19%             | 2031-02-18      | Fixed         | 8.90%                 | No            |                  2 | On Loan: No      |
| Builders Capital Loan Acquisit | Builders Capital Loan Acquisition Trust 2024-NPL1                              | CUSIP: 12007KAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1999310.80   | 0.18%             | 2029-09-25      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC       | Builders FirstSource Inc                                                       | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1274022.54   | 0.12%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP         | Bunge Ltd Finance Corp                                                         | CUSIP: 120568BC3<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    320000 | PA      | $292542.89    | 0.03%             | 2031-05-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd              | Cedar Funding XV CLO Ltd                                                       | CUSIP: 15032QAU6<br>LEI: 5493002XZZZCKFWQIL45 | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $2257400.25   | 0.21%             | 2039-01-20      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC       | Celanese US Holdings LLC                                                       | CUSIP: 15089QBD5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    700000 | PA      | $733399.80    | 0.07%             | 2034-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CENTURY ALUMINUM COMPANY       | Century Aluminum Co                                                            | CUSIP: 156431AS7<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |    700000 | PA      | $725508.70    | 0.07%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Cent CLO LP                    | Columbia Cent CLO 27 Ltd                                                       | CUSIP: 19736RAU5<br>LEI: 549300066YASG4MIU864 | Long             | ABS-CBDO         | CORP              | KY        |   3850000 | PA      | $3856806.80   | 0.35%             | 2035-01-25      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-2                                     | CUSIP: 30166QAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $968195.50    | 0.09%             | 2029-10-15      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2026-2                                     | CUSIP: 30166WAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1012842.30   | 0.09%             | 2033-11-15      | Fixed         | 7.54%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-5                                     | CUSIP: 30167FAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2111777.60   | 0.19%             | 2030-04-15      | Fixed         | 10.45%                | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-1                                     | CUSIP: 30167JAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2973939.00   | 0.27%             | 2029-10-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2023-2                                            | CUSIP: 91683VAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1045161.80   | 0.10%             | 2033-06-20      | Fixed         | 11.87%                | No            |                  2 | On Loan: No      |
| Extended Stay America Trust    | Extended Stay America Trust 2025-ESH                                           | CUSIP: 30227TAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4815667 | PA      | $4852376.50   | 0.44%             | 2042-10-15      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust    | Extended Stay America Trust 2025-ESH                                           | CUSIP: 30227TAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3852533 | PA      | $3883076.21   | 0.35%             | 2042-10-15      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                     | EZCORP Inc                                                                     | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1091449.80   | 0.10%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-3                                                | CUSIP: 46592ABZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    317166 | PA      | $284609.33    | 0.03%             | 2050-08-25      | Variable      | 3.83%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2024-9                                                | CUSIP: 46593DBU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1339000 | PA      | $1134166.48   | 0.10%             | 2055-02-25      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2025-CES2                                      | CUSIP: 46595TAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1506731.55   | 0.14%             | 2055-06-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-7                                              | CUSIP: 92538QAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $324544.00    | 0.03%             | 2066-10-25      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-3                                              | CUSIP: 92539LAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1257000 | PA      | $980824.66    | 0.09%             | 2066-06-25      | Variable      | 3.96%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3133CYR83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3253577 | PA      | $3212227.28   | 0.29%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3133KYV48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3403168 | PA      | $2955495.39   | 0.27%             | 2041-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2023-6                                              | CUSIP: 465989AJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  31458941 | PA      | $57632.78     | 0.01%             | 2053-12-26      | Variable      | 0.20%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2023-6                                              | CUSIP: 465989AN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    510140 | PA      | $442744.94    | 0.04%             | 2053-12-26      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2014-2                                                | CUSIP: 46641YAQ6<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-MBS          | CORP              | US        |     21186 | PA      | $20716.44     | 0.00%             | 2029-06-25      | Variable      | 3.34%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                            | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    825000 | PA      | $816008.86    | 0.07%             | 2035-10-22      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-4                                                | CUSIP: 46652FBX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1105891 | PA      | $975471.94    | 0.09%             | 2050-11-25      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2023-7                                                | CUSIP: 46657DAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1035500 | PA      | $874744.84    | 0.08%             | 2054-02-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2024-1                                              | CUSIP: 46657PBD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2086219 | PA      | $1310494.10   | 0.12%             | 2054-06-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2024-10                                             | CUSIP: 46658LBR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3484110 | PA      | $3417256.42   | 0.31%             | 2055-03-25      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2024-10                                             | CUSIP: 46658LBS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1421000 | PA      | $1202639.19   | 0.11%             | 2055-03-25      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| Jackson Park Trust             | Jackson Park Trust 2019-LIC                                                    | CUSIP: 46868RAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $663315.00    | 0.06%             | 2039-10-14      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN        | Jane Street Group / JSG Finance Inc                                            | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1284813.75   | 0.12%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO       | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings               | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |     25000 | PA      | $27185.10     | 0.00%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN       | Jefferies Finance LLC / JFIN Co-Issuer Corp                                    | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    710000 | PA      | $695057.34    | 0.06%             | 2031-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN       | Jefferson Capital Holdings LLC                                                 | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    980000 | PA      | $1026100.18   | 0.09%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES        | K Hovnanian Enterprises Inc                                                    | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    730000 | PA      | $734085.08    | 0.07%             | 2033-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Luxury Lease Partners Auto Tru | Luxury Lease Partners Auto Lease Trust 2024-4                                  | CUSIP: 55068XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     99755 | PA      | $100059.83    | 0.01%             | 2030-07-15      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION           | M&T Bank Corp                                                                  | CUSIP: 55261FAZ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    585000 | PA      | $585690.73    | 0.05%             | 2035-07-30      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD       | Macquarie Airfinance Holdings Ltd                                              | CUSIP: 55609NAD0<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $287546.78    | 0.03%             | 2031-03-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XXXVII Ltd                                                | CUSIP: 55817EAY2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1752264.50   | 0.16%             | 2037-04-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-2                                                  | CUSIP: 57109LAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3046651.20   | 0.28%             | 2033-06-15      | Fixed         | 7.92%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                       | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    285000 | PA      | $287641.94    | 0.03%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Accepta | Mello Mortgage Capital Acceptance 2022-INV2                                    | CUSIP: 58549JBU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    390841 | PA      | $335281.15    | 0.03%             | 2052-04-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                | Mercer International Inc                                                       | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    420000 | PA      | $168382.20    | 0.02%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP            | Meritage Homes Corp                                                            | CUSIP: 59001ABG6<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    220000 | PA      | $221980.31    | 0.02%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP            | Medline Borrower LP                                                            | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1015665.71   | 0.09%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | PRET 2025-RPL2 Trust                                                           | CUSIP: 69392LAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6286000 | PA      | $5981545.76   | 0.54%             | 2064-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | PRET 2025-RPL5 Trust                                                           | CUSIP: 69393AAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $2078709.98   | 0.19%             | 2070-01-25      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | PRET 2025-RPL5 Trust                                                           | CUSIP: 69393AAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2705675.70   | 0.25%             | 2070-01-25      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | PRET 2025-RPL4 Trust                                                           | CUSIP: 740943AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2703115.50   | 0.25%             | 2065-03-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust     | Progress Residential 2023-SFR2 Trust                                           | CUSIP: 74331GAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $195255.80    | 0.02%             | 2040-10-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Prosper Marketplace Issuance T | Prosper Marketplace Issuance Trust Series 2024-1                               | CUSIP: 74363CAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $504964.60    | 0.05%             | 2029-08-15      | Fixed         | 10.98%                | No            |                  2 | On Loan: No      |
| PROVIDENT FDG/PFG FIN          | Provident Funding Associates LP / PFG Finance Corp                             | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    930000 | PA      | $970743.30    | 0.09%             | 2029-09-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC       | Prudential Financial Inc                                                       | CUSIP: 74432QCK9<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    290000 | PA      | $291662.41    | 0.03%             | 2035-03-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                 | PulteGroup Inc                                                                 | CUSIP: 745867AP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $215878.58    | 0.02%             | 2033-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Purchasing Power Funding       | Purchasing Power Funding 2026-A LLC                                            | CUSIP: 74614AAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $496485.75    | 0.05%             | 2030-08-15      | Fixed         | 7.54%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC          | Quikrete Holdings Inc                                                          | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    660000 | PA      | $669685.35    | 0.06%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC               | Radian Group Inc                                                               | CUSIP: 750236AY7<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |    210000 | PA      | $217271.09    | 0.02%             | 2029-05-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                  | Radnor Re 2024-1 Ltd                                                           | CUSIP: 75049AAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1023223.80   | 0.09%             | 2034-09-25      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| Regatta XVI Funding Ltd.       | Regatta XVI Funding Ltd                                                        | CUSIP: 75888TBG9<br>LEI: 254900XPJFGKL5R4O429 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2989449.00   | 0.27%             | 2039-04-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Regatta 34 Funding Ltd.        | Regatta 34 Funding Ltd                                                         | CUSIP: 75904BAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2007542.00   | 0.18%             | 2038-07-20      | Fixed         | 8.18%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trus | Republic Finance Issuance Trust 2024-A                                         | CUSIP: 76041RAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $402654.92    | 0.04%             | 2032-08-20      | Fixed         | 7.28%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trus | Republic Finance Issuance Trust 2024-A                                         | CUSIP: 76041RAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $252332.25    | 0.02%             | 2032-08-20      | Fixed         | 9.49%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                  | J M Smucker Co/The                                                             | CUSIP: 832696AX6<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    270000 | PA      | $288020.08    | 0.03%             | 2033-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3133KYWF2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2168521 | PA      | $1946989.19   | 0.18%             | 2042-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP            | Fifth Third Bancorp                                                            | CUSIP: 316773DL1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    565000 | PA      | $583424.20    | 0.05%             | 2032-01-29      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE Trust 2024-HE4                                                           | CUSIP: 31684UAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    721710 | PA      | $719852.69    | 0.07%             | 2054-09-25      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| FinBe USA Trust                | FinBe USA Trust 2025-1                                                         | CUSIP: 317967AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $981290.60    | 0.09%             | 2030-12-16      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                                     | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  56990109 | NS      | $56990108.95  | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NMLT Trust                     | NLT 2025-CES1 Trust                                                            | CUSIP: 629162AC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1505000 | PA      | $1502742.95   | 0.14%             | 2060-08-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                 | NRG Energy Inc                                                                 | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1285595.60   | 0.12%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP          | Northrop Grumman Corp                                                          | CUSIP: 666807CM2<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    230000 | PA      | $211122.63    | 0.02%             | 2054-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                   | Novelis Corp                                                                   | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    380000 | PA      | $364307.08    | 0.03%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners            | SG Residential Mortgage Trust 2021-2                                           | CUSIP: 78432YAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    910000 | PA      | $630639.65    | 0.06%             | 2061-12-25      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners            | SG Residential Mortgage Trust 2025-1                                           | CUSIP: 81880NAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2090000 | PA      | $2014267.39   | 0.18%             | 2065-12-25      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOOD INC/SIMMONS       | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1457902.58   | 0.13%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2024-BIO                                                              | CUSIP: 05612AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199758.40    | 0.02%             | 2041-02-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2024-BIO                                                              | CUSIP: 05612AAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199025.20    | 0.02%             | 2041-02-15      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Commercial Mortgage Trust 2024-KING                                         | CUSIP: 05612RAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    493503 | PA      | $499722.75    | 0.05%             | 2034-05-15      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2024-VLT4                                                             | CUSIP: 05612TAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191900 | PA      | $191336.77    | 0.02%             | 2041-06-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2024-VLT4                                                             | CUSIP: 05612TAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    479750 | PA      | $478496.89    | 0.04%             | 2041-06-15      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX 2024-PALM                                                                   | CUSIP: 05612UAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    259615 | PA      | $260560.64    | 0.02%             | 2037-06-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| BXDL Static CLO 2025-1 LLC     | BXDL Static CLO 2025-1 LLC                                                     | CUSIP: 05617FAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1925000 | PA      | $1921654.35   | 0.18%             | 2035-07-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Commercial Mortgage Trust 2026-VLT9                                         | CUSIP: 05618UAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5001735.00   | 0.46%             | 2045-03-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2025-VOLT                                                             | CUSIP: 05619PAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1500681.00   | 0.14%             | 2044-12-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN       | Burford Capital Global Finance LLC                                             | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1316480.00   | 0.12%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE       | Burlington Northern Santa Fe LLC                                               | CUSIP: 12189LBB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $243079.07    | 0.02%             | 2047-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX 2025-BIO3 Mortgage Trust                                                    | CUSIP: 123911AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $746567.25    | 0.07%             | 2042-02-10      | Variable      | 7.19%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2025-VLT7                                                             | CUSIP: 123913AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $801993.60    | 0.07%             | 2044-07-15      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Commercial Mortgage Trust 2024-AIRC                                         | CUSIP: 12433CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260175 | PA      | $261529.04    | 0.02%             | 2041-08-15      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC         | CACI International Inc                                                         | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    460000 | PA      | $470903.50    | 0.04%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC          | Caesars Entertainment Inc                                                      | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1361752.90   | 0.12%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CALUMET SPECIALTY PROD         | Calumet Specialty Products Partners LP / Calumet Finance Corp                  | CUSIP: 131477BA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1293672.14   | 0.12%             | 2031-02-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CAMPBELLS COMPANY/THE          | Campbell's Company/The                                                         | CUSIP: 134429BP3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    290000 | PA      | $282091.46    | 0.03%             | 2034-03-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO       | Capital One Financial Corp                                                     | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    605000 | PA      | $616470.01    | 0.06%             | 2036-01-30      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP           | Capstone Copper Corp                                                           | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |   1070000 | PA      | $1089640.92   | 0.10%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                   | Magnera Corp                                                                   | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    740000 | PA      | $678449.98    | 0.06%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Marble Point CLO LTD           | Marble Point CLO XVII Ltd                                                      | CUSIP: 56606CAU7<br>LEI: 2549003LUS5LG1CTZP23 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3007473.00   | 0.27%             | 2037-07-20      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Marble Point CLO XIX Ltd       | Marble Point CLO XIX Ltd                                                       | CUSIP: 56607KBA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1999940.00   | 0.18%             | 2038-10-19      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-1                                                  | CUSIP: 57110PAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5306548 | PA      | $5382778.49   | 0.49%             | 2033-04-15      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| RCKT Trust                     | RCKTL 2025-2                                                                   | CUSIP: 74939HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $977251.30    | 0.09%             | 2034-11-27      | Fixed         | 7.83%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                  | Radnor Re 2024-1 Ltd                                                           | CUSIP: 75049AAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $505866.00    | 0.05%             | 2034-09-25      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| Rate Mortgage Trust            | Rate Mortgage Trust 2021-J3                                                    | CUSIP: 75409TBA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $338710.25    | 0.03%             | 2051-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN       | Raven Acquisition Holdings LLC                                                 | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1386667.24   | 0.13%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RTX CORP                       | RTX Corp                                                                       | CUSIP: 75513ECW9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    200000 | PA      | $215361.83    | 0.02%             | 2034-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| SAFCO Auto Receivables Trust   | SAFCO Auto Receivables Trust 2025-1                                            | CUSIP: 785923AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $995047.20    | 0.09%             | 2030-12-10      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP       | Sally Holdings LLC / Sally Capital Inc                                         | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $721947.10    | 0.07%             | 2032-04-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2020-SEQ1                              | CUSIP: 79581PAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     92349 | PA      | $90336.31     | 0.01%             | 2050-05-25      | Variable      | 3.32%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                     | MFA 2021-INV2 Trust                                                            | CUSIP: 552732AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1329000 | PA      | $1154111.04   | 0.11%             | 2056-11-25      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                     | MFA 2021-NQM2 Trust                                                            | CUSIP: 55283WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    319347 | PA      | $289121.59    | 0.03%             | 2064-11-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| MPLX LP                        | MPLX LP                                                                        | CUSIP: 55336VBV1<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    220000 | PA      | $218962.59    | 0.02%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MSCI INC                       | MSCI Inc                                                                       | CUSIP: 55354GAR1<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    335000 | PA      | $329924.55    | 0.03%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| METHANEX US OPERATIONS         | Methanex US Operations Inc                                                     | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1287088.75   | 0.12%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC        | Millrose Properties Inc                                                        | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $679047.68    | 0.06%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC          | Molina Healthcare Inc                                                          | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    970000 | PA      | $969542.26    | 0.09%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MOLSON COORS BEVERAGE          | Molson Coors Beverage Co                                                       | CUSIP: 60871RAH3<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |    185000 | PA      | $145296.62    | 0.01%             | 2046-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Momnt Technologies Trust       | Momnt Technologies Trust 2023-1                                                | CUSIP: 608934AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102578.29    | 0.01%             | 2045-03-20      | Fixed         | 8.29%                 | No            |                  2 | On Loan: No      |
| Momnt Technologies Trust       | Momnt Technologies Trust 2023-1                                                | CUSIP: 608934AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $39506.00     | 0.00%             | 2045-03-20      | Fixed         | 11.24%                | No            |                  2 | On Loan: No      |
| Monroe Capital MML CLO         | MONROE CAPITAL MML CLO VIII LTD                                                | CUSIP: 61034RAQ5<br>LEI: 254900CN59JSSABI7X69 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1922892.00   | 0.18%             | 2033-11-22      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| Monroe Capital MML CLO         | Monroe Capital Mml Clo XII Ltd                                                 | CUSIP: 61034VAL7<br>LEI: 549300015LLKJVT5UL74 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500460.00    | 0.05%             | 2033-09-14      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                 | CUSIP: 61747YFB6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    595000 | PA      | $613179.52    | 0.06%             | 2038-01-19      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor | Morgan Stanley Residential Mortgage Loan Trust 2023-3                          | CUSIP: 61775QAY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1198000 | PA      | $1101042.27   | 0.10%             | 2053-09-25      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor | Morgan Stanley Residential Mortgage Loan Trust 2026-RPL1                       | CUSIP: 61780PAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2362000 | PA      | $2196608.74   | 0.20%             | 2064-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                      | Mosaic Co/The                                                                  | CUSIP: 61945CAE3<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |    225000 | PA      | $211535.48    | 0.02%             | 2043-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HLD       | Moss Creek Resources Holdings Inc                                              | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202585.40    | 0.02%             | 2031-09-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Mountain Point CLO Ltd         | Mountain Point CLO 1 Ltd                                                       | CUSIP: 624257AJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2006112.00   | 0.18%             | 2039-04-20      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD            | NCL Corp Ltd                                                                   | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $726398.40    | 0.07%             | 2033-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NMLT Trust                     | NLT 2021-INV2 Trust                                                            | CUSIP: 62917JAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1173754.95   | 0.11%             | 2056-08-25      | Variable      | 4.07%                 | No            |                  2 | On Loan: No      |
| NMI HOLDINGS                   | NMI Holdings Inc                                                               | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |    215000 | PA      | $219809.55    | 0.02%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW FLYER HOLDINGS             | New Flyer Holdings Inc                                                         | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    630000 | PA      | $680204.07    | 0.06%             | 2030-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2017-5                                     | CUSIP: 64828NAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    204293 | PA      | $200783.82    | 0.02%             | 2057-06-25      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2015-1                                     | CUSIP: 64829CAT5<br>LEI: 549300RCJSGOC0A85G53 | Long             | ABS-MBS          | CORP              | US        |    844873 | PA      | $709093.41    | 0.06%             | 2052-05-28      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2019-2                                     | CUSIP: 64830DCF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1438534 | PA      | $1106386.65   | 0.10%             | 2057-12-25      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2021-NQM3                                  | CUSIP: 64831TAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1653887.40   | 0.15%             | 2056-11-27      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | NRZT 2025-NQM6                                                                 | CUSIP: 64832KAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3170000 | PA      | $3066903.68   | 0.28%             | 2065-10-25      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC              | Newell Brands Inc                                                              | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    650000 | PA      | $679633.50    | 0.06%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                   | US Foods Inc                                                                   | CUSIP: 90290MAH4<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    350000 | PA      | $364492.10    | 0.03%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | UPSTART Securitization Trust 2026-1                                            | CUSIP: 91681BAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2257733.25   | 0.21%             | 2036-03-20      | Fixed         | 7.32%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2025-4                                            | CUSIP: 91684AAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2030466.00   | 0.18%             | 2035-11-20      | Fixed         | 7.67%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN       | USA Compression Partners LP / USA Compression Finance Corp                     | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    660000 | PA      | $682327.14    | 0.06%             | 2029-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| N/A                            | US 5YR NOTE (CBT) Jun26                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       528 | NC      | $-145964.92   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CDX.NA.IG.46 06/20/2031 (BUY PROTECTION)                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $-2212084.67  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | US 10YR NOTE (CBT)Jun26                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        46 | NC      | $-46161.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-26

**Name of Applicant:** Angel Oak Funds Trust

**Signature:** /s/ Michael Colombo

**Name of Signer:** Michael Colombo

**Title:** Secretary