# EDGAR Filing Document

**Accession Number:** 0001469192
**File Stem:** 0002071691-25-008899
**Filing Date:** 2025-12
**Character Count:** 231081
**Document Hash:** 7f54fb0e592b0c1bf90698eda172bdfa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-008899.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0002071691-25-008899

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251222

**DATE AS OF CHANGE**: 20251222

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW YORK LIFE INVESTMENTS FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001469192

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22321
- **FILM NUMBER:** 251589881

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 212 576 7000

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAINSTAY FUNDS TRUST
- **DATE OF NAME CHANGE:** 20090728

## Series and Classes Contracts Data

### NYLI MacKay Total Return Bond Fund (Series ID: S000028537)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000087373 | Investor Class | MTMNX           |
| C000087374 | Class A        | MTMAX           |
| C000087376 | Class C        | MTMCX           |
| C000087377 | Class I        | MTMIX           |
| C000127150 | Class R6       | MTRDX           |
| C000221666 | SIMPLE Class   | MTMSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NEW YORK LIFE INVESTMENTS FUNDS TRUST

- **b. Investment Company Act file number:** 811-22321

- **c. CIK number of Registrant:** 0001469192

- **d. LEI of Registrant:** 549300SQRLBSUG7RD002

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-576-7000

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

- **a. Name of Series:** NYLI MacKay Total Return Bond Fund

- **b. EDGAR series identifier (if any):** S000028537

- **c. LEI of Series:** 549300F3C2BWGPG60278

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $485859994.82

**Total Liabilities:** $4633427.89

**Net Assets:** $481226566.93

**Delayed Delivery Securities:** $1250000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -409.08000000 | **1-Year:** -2669.63000000 | **5-Year:** -17361.81000000 | **10-Year:** -49419.19000000 | **30-Year:** -48110.60000000

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

- **3-Month:** -1538.44000000 | **1-Year:** -8083.94000000 | **5-Year:** -42910.37000000 | **10-Year:** -31047.92000000 | **30-Year:** -35342.32000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000127150 | 1.30%                | 0.84%                | 0.64%                |
| Class ID C000087377 | 1.41%                | 0.73%                | 0.74%                |
| Class ID C000087376 | 1.29%                | 0.61%                | 0.63%                |
| Class ID C000087373 | 1.24%                | 0.77%                | 0.69%                |
| Class ID C000221666 | 1.35%                | 0.78%                | 0.61%                |
| Class ID C000087374 | 1.27%                | 0.80%                | 0.71%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $309698.09               | $3418341.84                                |
| Month 2  | $336260.04               | $555523.75                                 |
| Month 3  | $915881.11               | $-552048.26                                |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate

- **Index Identifier:** LEH__LHMN0001

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Airlines Pass-Through Trust                                             | American Airlines Pass-Through Trust, Series 2019-1, Class AA                     | CUSIP: 02377LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    947116 | PA      | $888840.25    | 0.18%             | 2032-02-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Brooklyn Union Gas Co. (The)                                                     | Brooklyn Union Gas Co. (The)                                                      | CUSIP: 114259AX2<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |    725000 | PA      | $782524.75    | 0.16%             | 2033-09-15      | Fixed         | 6.39%                 | Yes           |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                   | Western Midstream Operating LP                                                    | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1069152.30   | 0.22%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 31418ED56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1312857 | PA      | $1118952.18   | 0.23%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                          | MPLX LP                                                                           | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    585000 | PA      | $587416.87    | 0.12%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities Trust                                  | Multifamily Connecticut Avenue Securities Trust, Series 2019-01, Class B10        | CUSIP: 62547NAC3<br>LEI: 549300HG8ZEWVWVSN227 | Long             | ABS-MBS          | CORP              | US        |   1690000 | PA      | $1713699.38   | 0.36%             | 2049-10-25      | Floating      | 9.80%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                                              | Connecticut Avenue Securities Trust, Series 2025-R01, Class 1B1                   | CUSIP: 20755JAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    610000 | PA      | $607910.08    | 0.13%             | 2045-01-25      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                                                       | Flagship Credit Auto Trust, Series 2022-2, Class D                                | CUSIP: 33844XAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1810000 | PA      | $1553821.11   | 0.32%             | 2028-04-17      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                | Wells Fargo & Co.                                                                 | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    700000 | PA      | $652626.52    | 0.14%             | 2033-03-02      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                                                       | Flagship Credit Auto Trust, Series 2020-1, Class E                                | CUSIP: 33843FAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1129981 | PA      | $1128752.23   | 0.23%             | 2027-06-15      | Fixed         | 3.52%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC Gold Pools, Other                                                           | CUSIP: 3132H3RK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    701141 | PA      | $685345.46    | 0.14%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                      | ONEOK, Inc.                                                                       | CUSIP: 682680CM3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    475000 | PA      | $485632.70    | 0.10%             | 2028-01-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                            | Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class D                  | CUSIP: 95000CBJ1<br>LEI: 549300SGFUCMB43V8P22 | Long             | ABS-MBS          | CORP              | US        |   1310000 | PA      | $1084347.65   | 0.23%             | 2059-01-15      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital CLO Ltd.                                                      | Texas Debt Capital CLO Ltd., Series 2024-2A, Class B                              | CUSIP: 88238EAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    475000 | PA      | $476653.00    | 0.10%             | 2037-01-24      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-96, Class SN                                                    | CUSIP: 38382UVH1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1920881 | PA      | $257340.02    | 0.05%             | 2051-06-20      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC STACR REMIC Trust, Series 2024-HQA1, Class M2                               | CUSIP: 35564NCA9<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | CORP              | US        |    505000 | PA      | $510232.05    | 0.11%             | 2044-03-25      | Floating      | 6.18%                 | Yes           |                  2 | On Loan: No      |
| MARB BondCo plc                                                                  | MARB BondCo plc                                                                   | CUSIP: 566007AC4<br>LEI: 254900PVA1EU6QM1JN57 | Long             | DBT              | CORP              | GB        |   1240000 | PA      | $1118776.24   | 0.23%             | 2031-01-29      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| Indianapolis Power & Light Co.                                                   | Indianapolis Power & Light Co.                                                    | CUSIP: 455434BX7<br>LEI: 2T85JNP2R2B2GTSFND21 | Long             | DBT              | CORP              | US        |    425000 | PA      | $428530.45    | 0.09%             | 2035-08-15      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2021-34, Class MI                                             | CUSIP: 3136BHWC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5333483 | PA      | $745731.88    | 0.15%             | 2051-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 3140XKAD2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    836818 | PA      | $854928.11    | 0.18%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO 12 Ltd.                                                          | Signal Peak CLO 12 Ltd., Series 2022-12A, Class A1R                               | CUSIP: 82671XAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    450000 | PA      | $451099.80    | 0.09%             | 2037-07-18      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Southern California Gas Co.                                                      | Southern California Gas Co.                                                       | CUSIP: 842434DA7<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    625000 | PA      | $630042.66    | 0.13%             | 2054-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Kioxia Holdings Corp.                                                            | Kioxia Holdings Corp.                                                             | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    980000 | PA      | $1011832.36   | 0.21%             | 2030-07-24      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities Trust                                  | Multifamily Connecticut Avenue Securities Trust, Series 2025-01, Class M2         | CUSIP: 62549CAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $710598.21    | 0.15%             | 2055-05-25      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                                                     | Santander Holdings USA, Inc.                                                      | CUSIP: 80282KBF2<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    630000 | PA      | $655577.23    | 0.14%             | 2029-03-09      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                                              | Connecticut Avenue Securities Trust, Series 2022-R02, Class 2B2                   | CUSIP: 20754BAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1015000 | PA      | $1082704.56   | 0.22%             | 2042-01-25      | Floating      | 11.83%                | Yes           |                  2 | On Loan: No      |
| Regatta XI Funding Ltd.                                                          | Regatta XI Funding Ltd., Series 2018-1A, Class AR                                 | CUSIP: 75887XAN7<br>LEI: 254900TUAAER6MTE4E64 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500729.50    | 0.10%             | 2037-07-17      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Flex Intermediate Holdco LLC                                                     | Flex Intermediate Holdco LLC                                                      | CUSIP: 33939HAA7<br>LEI: 549300290TQIGM30A243 | Long             | DBT              | CORP              | US        |   2120000 | PA      | $1945529.11   | 0.40%             | 2031-06-30      | Fixed         | 3.36%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-60, Class ES                                                    | CUSIP: 38383XSW5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    753113 | PA      | $684053.66    | 0.14%             | 2053-04-20      | Floating      | 2.83%                 | No            |                  2 | On Loan: No      |
| Avianca Midco 2 plc                                                              | Avianca Midco 2 plc                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |    930000 | PA      | $922560.00    | 0.19%             | 2030-02-14      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                     | Avolon Holdings Funding Ltd.                                                      | CUSIP: 05401AAJ0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1740000 | PA      | $1714246.23   | 0.36%             | 2027-02-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| JH North America Holdings, Inc.                                                  | JH North America Holdings, Inc.                                                   | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    235000 | PA      | $241014.83    | 0.05%             | 2032-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| NCMF Trust                                                                       | NCMF Trust, Series 2025-MFS, Class D                                              | CUSIP: 62887TAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1465000 | PA      | $1490035.53   | 0.31%             | 2033-06-10      | Variable      | 6.62%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                         | U.S. Treasury Notes                                                               | CUSIP: 91282CPF2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  43850000 | PA      | $43480015.63  | 9.04%             | 2032-10-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                                                   | Southern California Edison Co.                                                    | CUSIP: 842400GG2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    975000 | PA      | $743872.55    | 0.15%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                              | Exeter Automobile Receivables Trust, Series 2025-4A, Class E                      | CUSIP: 30167KAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1575520.80   | 0.33%             | 2033-04-15      | Fixed         | 6.99%                 | Yes           |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                                         | Benchmark Mortgage Trust, Series 2019-B9, Class C                                 | CUSIP: 08160JAK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1105000 | PA      | $973537.71    | 0.20%             | 2052-03-15      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                                                          | CF Hippolyta Issuer LLC, Series 2021-1A, Class A1                                 | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    711251 | PA      | $591237.81    | 0.12%             | 2061-03-15      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5011, Class MI                                               | CUSIP: 3137FVSU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1081699 | PA      | $175289.18    | 0.04%             | 2050-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                                        | XPLR Infrastructure Operating Partners LP                                         | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    520000 | PA      | $544064.04    | 0.11%             | 2031-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: —       |
| FHLMC                                                                            | FHLMC, REMIC, Series 5326, Class QO                                               | CUSIP: 3137HAFC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1215924 | PA      | $840892.27    | 0.17%             | 2050-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust                           | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2021-1440, Class A | CUSIP: 46653DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1198380.69   | 0.25%             | 2036-03-15      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                              | Intesa Sanpaolo SpA                                                               | CUSIP: 46115HBU0<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    435000 | PA      | $435539.51    | 0.09%             | 2025-11-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                               | General Motors Financial Co., Inc.                                                | CUSIP: 37045XDV5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    940000 | PA      | $936814.58    | 0.19%             | 2029-04-06      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                        | Williams Cos., Inc. (The)                                                         | CUSIP: 88339WAA4<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $777080.80    | 0.16%             | 2051-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                               | BMO Mortgage Trust, Series 2024-C9, Class A5                                      | CUSIP: 05593MAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    820000 | PA      | $873997.41    | 0.18%             | 2057-07-15      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                                                  | CFCRE Commercial Mortgage Trust, Series 2016-C4, Class D                          | CUSIP: 12531YAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    895000 | PA      | $866690.43    | 0.18%             | 2058-05-10      | Variable      | 4.85%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                                       | UMBS Pool, 30 Year                                                                | CUSIP: 3132DQXV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    643540 | PA      | $657140.29    | 0.14%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                                              | Connecticut Avenue Securities Trust, Series 2023-R03, Class 2M2                   | CUSIP: 20753AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    535000 | PA      | $564985.41    | 0.12%             | 2043-04-25      | Floating      | 8.08%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                              | Canada 5 Year Bonds                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | CA        |      -101 | NC      | $-108882.57   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Trust Fibra Uno                                                                  | Trust Fibra Uno                                                                   | CUSIP: 89834JAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    675000 | PA      | $764862.47    | 0.16%             | 2037-01-23      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2020-166, Class IC                                                   | CUSIP: 38382LQD6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1082759 | PA      | $134778.86    | 0.03%             | 2050-11-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Sponsor LLC                                           | New Economy Assets Phase 1 Sponsor LLC, Series 2021-1, Class B1                   | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1255000 | PA      | $804148.15    | 0.17%             | 2061-10-20      | Fixed         | 2.41%                 | Yes           |                  2 | On Loan: No      |
| Virgin Media Bristol LLC                                                         | Virgin Media Bristol LLC, First Lien Facility Advance Term Loan Q                 | CUSIP: G9368PBE3<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |   1220000 | PA      | $1217642.96   | 0.25%             | 2029-01-31      | Variable      | 7.40%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                                              | Connecticut Avenue Securities Trust, Series 2023-R07, Class 2M2                   | CUSIP: 20753BAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $621019.98    | 0.13%             | 2043-09-25      | Floating      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                                         | Benchmark Mortgage Trust, Series 2018-B6, Class D                                 | CUSIP: 08162CAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    630000 | PA      | $471027.06    | 0.10%             | 2051-10-10      | Variable      | 3.09%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5094, Class IP                                               | CUSIP: 3137FYQ58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1005869 | PA      | $162069.02    | 0.03%             | 2051-04-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| First Horizon Corp.                                                              | First Horizon Corp.                                                               | CUSIP: 320517AE5<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | DBT              | CORP              | US        |    570000 | PA      | $587815.01    | 0.12%             | 2031-03-07      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivables Trust                                            | OneMain Direct Auto Receivables Trust, Series 2019-1A, Class D                    | CUSIP: 68267EAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    610000 | PA      | $607892.51    | 0.13%             | 2031-04-14      | Fixed         | 4.68%                 | Yes           |                  2 | On Loan: No      |
| Huntsman International LLC                                                       | Huntsman International LLC                                                        | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |   1759000 | PA      | $1626176.71   | 0.34%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                                                       | Flagship Credit Auto Trust, Series 2021-3, Class E                                | CUSIP: 33846QAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1115000 | PA      | $1026257.15   | 0.21%             | 2028-12-15      | Fixed         | 3.32%                 | Yes           |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC                                             | Columbia Pipelines Operating Co. LLC                                              | CUSIP: 19828TAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $333477.61    | 0.07%             | 2053-11-15      | Fixed         | 6.54%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                               | General Motors Financial Co., Inc.                                                | CUSIP: 37045XDL7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1201837.03   | 0.25%             | 2031-06-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd.                                                                     | OCP CLO Ltd., Series 2017-14A, Class A1R                                          | CUSIP: 67097QAN5<br>LEI: 25490025Q5WQX513IQ05 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501184.50    | 0.10%             | 2037-07-20      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                         | U.S. Treasury Notes                                                               | CUSIP: 91282CPD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26030000 | PA      | $25934420.96  | 5.39%             | 2030-10-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO 67M                                                   | Golub Capital Partners CLO 67M, Series 2023-67A, Class CR                         | CUSIP: 38179PAS8<br>LEI: 2549002FTXMYDDCWWA09 | Long             | ABS-CBDO         | CORP              | US        |    600000 | PA      | $600141.60    | 0.12%             | 2036-05-09      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                     | GS Mortgage Securities Trust, Series 2015-GC30, Class B                           | CUSIP: 36250GAU9<br>LEI: 549300L45M7638EL0H21 | Long             | ABS-MBS          | CORP              | US        |    318551 | PA      | $302942.29    | 0.06%             | 2050-05-10      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer LLC                                         | Retained Vantage Data Centers Issuer LLC, Series 2023-1A, Class A2A               | CUSIP: 76134KAA2<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |    985000 | PA      | $985337.36    | 0.20%             | 2048-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-96, Class NS                                                    | CUSIP: 38382UVG3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2725992 | PA      | $384981.28    | 0.08%             | 2051-06-20      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| BXDL Static CLO LLC                                                              | BXDL Static CLO LLC, Series 2025-1A, Class A1                                     | CUSIP: 05617FAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    850000 | PA      | $846027.95    | 0.18%             | 2035-07-20      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                                    | UBS Commercial Mortgage Trust, Series 2018-C10, Class D                           | CUSIP: 90276FAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    590000 | PA      | $479198.24    | 0.10%             | 2051-05-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Ivy Hill Middle Market Credit Fund VII Ltd.                                      | Ivy Hill Middle Market Credit Fund VII Ltd., Series 7A, Class AR3                 | CUSIP: 46602ABE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $350872.20    | 0.07%             | 2036-10-15      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2022-78, Class S                                                     | CUSIP: 38383P8S3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1749384 | PA      | $39335.08     | 0.01%             | 2052-04-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                                       | UMBS Pool, 30 Year                                                                | CUSIP: 3132DUQT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1100932 | PA      | $1115872.54   | 0.23%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Mscr Trust Mn11                                                            | FHLMC MSCR Trust, Series 2025-MN11, Class M2                                      | CUSIP: 35563YAB6<br>LEI: 529900E2V0BG2KXC9E18 | Long             | ABS-MBS          | USGSE             | US        |   1295000 | PA      | $1287634.95   | 0.27%             | 2045-07-25      | Floating      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| Belron UK Finance plc                                                            | Belron UK Finance plc                                                             | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $911851.20    | 0.19%             | 2029-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                        | Towd Point Mortgage Trust, Series 2018-2, Class B5                                | CUSIP: 89175VAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2403729 | PA      | $1061719.33   | 0.22%             | 2058-03-25      | Variable      | 3.40%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-29, Class AS                                                    | CUSIP: 38382NP76<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3160018 | PA      | $31641.89     | 0.01%             | 2051-02-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                                       | UMBS Pool, 30 Year                                                                | CUSIP: 3132DWHT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1981690 | PA      | $2008018.90   | 0.42%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC STACR REMIC Trust, Series 2021-HQA3, Class B2                               | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |   1270000 | PA      | $1316465.36   | 0.27%             | 2041-09-25      | Floating      | 10.43%                | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5304, Class UB                                               | CUSIP: 3137H9YM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    476730 | PA      | $449641.70    | 0.09%             | 2052-02-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2022-34, Class HS                                                    | CUSIP: 38383MCW6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3934668 | PA      | $210488.98    | 0.04%             | 2052-02-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio Power Co.                                                                   | Ohio Power Co., Series R                                                          | CUSIP: 677415CU3<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |    585000 | PA      | $366787.69    | 0.08%             | 2051-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | U.S. Treasury Ultra Bonds                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       214 | NC      | $759548.90    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2022-101, Class SB                                                   | CUSIP: 38383F6G3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1677160 | PA      | $24685.11     | 0.01%             | 2052-06-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                              | Exeter Automobile Receivables Trust, Series 2022-2A, Class E                      | CUSIP: 30166QAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1295000 | PA      | $1255750.36   | 0.26%             | 2029-10-15      | Fixed         | 6.34%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5092, Class XA                                               | CUSIP: 3137FYEX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    508285 | PA      | $444117.49    | 0.09%             | 2041-01-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 3140W2QC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2446583 | PA      | $2173031.09   | 0.45%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2022-10, Class IC                                                    | CUSIP: 38383GFG1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1694546 | PA      | $204843.28    | 0.04%             | 2051-11-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Edison International                                                             | Edison International                                                              | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    390000 | PA      | $401393.46    | 0.08%             | 2054-06-15      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| Evergy Metro, Inc.                                                               | Evergy Metro, Inc.                                                                | CUSIP: 30037DAD7<br>LEI: 1128SIJQ26096WL7IO82 | Long             | DBT              | CORP              | US        |    560000 | PA      | $583937.72    | 0.12%             | 2034-04-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                                        | CIM Trust, Series 2025-NR1, Class A1                                              | CUSIP: 17181YAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    639330 | PA      | $629651.65    | 0.13%             | 2064-06-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| STACR Trust                                                                      | STACR REMIC Trust, Series 2018-HRP1, Class B2                                     | CUSIP: 3137G0VB2<br>LEI: 549300D2VO9JVX6KU482 | Long             | ABS-MBS          | CORP              | US        |   1295770 | PA      | $1548379.63   | 0.32%             | 2043-05-25      | Floating      | 16.05%                | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                                       | UMBS Pool, 30 Year                                                                | CUSIP: 31427M5K3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    836851 | PA      | $856212.69    | 0.18%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                                              | Connecticut Avenue Securities Trust, Series 2022-R01, Class 1B2                   | CUSIP: 20754LAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1075000 | PA      | $1125341.71   | 0.23%             | 2041-12-25      | Floating      | 10.18%                | Yes           |                  2 | On Loan: No      |
| N/A                                                                              | U.S. Treasury Long Bonds                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       104 | NC      | $236667.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Nutresa SA                                                                 | Grupo Nutresa SA                                                                  | CUSIP: N/A<br>LEI: 254900KKAX7B7RJUE255       | Long             | DBT              | CORP              | CO        |    200000 | PA      | $214850.00    | 0.04%             | 2030-05-12      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-67, Class PI                                                    | CUSIP: 38382RR75<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1025601 | PA      | $174060.45    | 0.04%             | 2051-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2022-10, Class SA                                             | CUSIP: 3136BL3H1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1895356 | PA      | $230799.56    | 0.05%             | 2052-02-25      | Floating      | 1.57%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp.                                                                   | M&T Bank Corp.                                                                    | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    330000 | PA      | $334262.23    | 0.07%             | 2036-01-16      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Windstream Services LLC                                                          | Windstream Services LLC                                                           | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    600000 | PA      | $598914.00    | 0.12%             | 2033-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO LI Ltd.                                                               | Apidos CLO LI Ltd., Series 2024-51A, Class B                                      | CUSIP: 03771JAE9<br>LEI: 254900K0UHSUBZXUMR56 | Long             | ABS-CBDO         | CORP              | JE        |    390000 | PA      | $391217.97    | 0.08%             | 2038-01-20      | Floating      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2022-87, Class SA                                                    | CUSIP: 38383RYT8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3350651 | PA      | $49316.89     | 0.01%             | 2052-05-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                            | Wells Fargo Commercial Mortgage Trust, Series 2019-C51, Class C                   | CUSIP: 95001VAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    775000 | PA      | $650547.71    | 0.14%             | 2052-06-15      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes                                                            | Tricon American Homes, Series 2020-SFR1, Class D                                  | CUSIP: 89613GAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    740000 | PA      | $726323.02    | 0.15%             | 2038-07-17      | Fixed         | 2.55%                 | Yes           |                  2 | On Loan: No      |
| MFT Trust                                                                        | MFT Trust, Series 2020-ABC, Class B                                               | CUSIP: 55317BAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    755000 | PA      | $592316.38    | 0.12%             | 2042-02-10      | Variable      | 3.48%                 | Yes           |                  2 | On Loan: No      |
| Boston Gas Co.                                                                   | Boston Gas Co.                                                                    | CUSIP: 100743AM5<br>LEI: FN7P4E7K9JOBORDEUX61 | Long             | DBT              | CORP              | US        |    505000 | PA      | $479688.40    | 0.10%             | 2032-03-16      | Fixed         | 3.76%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5351, Class DO                                               | CUSIP: 3137HAYG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    572030 | PA      | $481233.06    | 0.10%             | 2053-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2019-97, Class FG                                                    | CUSIP: 38381YHP2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1016185 | PA      | $927124.55    | 0.19%             | 2049-08-20      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                   | Morgan Stanley                                                                    | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1945000 | PA      | $1697674.29   | 0.35%             | 2036-09-16      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Corp. Trust                                        | GS Mortgage-Backed Securities Corp. Trust, Series 2021-PJ1, Class A4              | CUSIP: 36261MAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    801759 | PA      | $666668.89    | 0.14%             | 2051-06-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Alpha Star Holding IX Ltd.                                                       | Alpha Star Holding IX Ltd.                                                        | CUSIP: N/A<br>LEI: 254900IL2SBV9ANGBE89       | Long             | DBT              | CORP              | AE        |    400000 | PA      | $409143.92    | 0.09%             | 2028-08-26      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| Wells Fargo Commercial Mortgage Trust                                            | Wells Fargo Commercial Mortgage Trust, Series 2018-C43, Class D                   | CUSIP: 95001LAC6<br>LEI: 549300RVQJTKIK3XGD11 | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $205266.23    | 0.04%             | 2051-03-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Delta Air Lines, Inc.                                                            | Delta Air Lines, Inc.                                                             | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1867765.81   | 0.39%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                                     | Ford Credit Auto Owner Trust, Series 2023-1, Class D                              | CUSIP: 34535QAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    755000 | PA      | $773225.85    | 0.16%             | 2035-08-15      | Fixed         | 6.26%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5328, Class JY                                               | CUSIP: 3137HADW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    776143 | PA      | $545906.31    | 0.11%             | 2050-09-25      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-86, Class SE                                                    | CUSIP: 38384A3B7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1300922 | PA      | $203557.80    | 0.04%             | 2050-09-20      | Floating      | 2.47%                 | No            |                  2 | On Loan: No      |
| JBS USA Holding LUX SARL                                                         | JBS USA Holding LUX SARL                                                          | CUSIP: 46590XAY2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    860000 | PA      | $895890.38    | 0.19%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                                        | CIM Trust, Series 2019-INV1, Class B4                                             | CUSIP: 12555DAY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1053389 | PA      | $1032549.06   | 0.21%             | 2049-02-25      | Variable      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| BAMLL Commercial Mortgage Securities Trust                                       | BAMLL Commercial Mortgage Securities Trust, Series 2016-ISQ, Class A              | CUSIP: 05523GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1092000.00   | 0.23%             | 2034-08-14      | Fixed         | 2.85%                 | Yes           |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                                                       | AerCap Ireland Capital DAC                                                        | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1565000 | PA      | $1540881.74   | 0.32%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, Series 2025-44, Class SD                                                    | CUSIP: 3136BWDC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4885918 | PA      | $182416.74    | 0.04%             | 2055-06-25      | Floating      | 0.92%                 | No            |                  2 | On Loan: No      |
| American Airlines Pass-Through Trust                                             | American Airlines Pass-Through Trust, Series 2019-1, Class B                      | CUSIP: 02379DAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    604921 | PA      | $589459.02    | 0.12%             | 2028-02-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works, Inc.                                                          | Bath & Body Works, Inc.                                                           | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   1065000 | PA      | $1094646.41   | 0.23%             | 2030-10-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2022-207                                                             | CUSIP: 38383HFY0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1580340 | PA      | $263562.62    | 0.05%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                         | U.S. Treasury Notes                                                               | CUSIP: 91282CPC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10170000 | PA      | $10142191.36  | 2.11%             | 2028-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Strips, Series 272                                                  | CUSIP: 3128HXY25<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    763925 | PA      | $598208.75    | 0.12%             | 2042-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK                                                                             | BANK, Series 2019-BN19, Class C                                                   | CUSIP: 06540WBG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1235000 | PA      | $896119.95    | 0.19%             | 2061-08-15      | Variable      | 4.03%                 | No            |                  2 | On Loan: No      |
| WHARF Commercial Mortgage Trust                                                  | WHARF Commercial Mortgage Trust, Series 2025-DC, Class C                          | CUSIP: 92987LAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1135000 | PA      | $1159634.83   | 0.24%             | 2040-07-15      | Variable      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| AIMCO CLO                                                                        | AIMCO CLO, Series 2018-AA, Class B1R                                              | CUSIP: 00900GAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $702032.80    | 0.15%             | 2037-10-17      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Zorlu Enerji Elektrik Uretim A/S                                                 | Zorlu Enerji Elektrik Uretim A/S                                                  | CUSIP: N/A<br>LEI: 7890005B5CSNL39OYO75       | Long             | DBT              | CORP              | TR        |    635000 | PA      | $569698.92    | 0.12%             | 2030-04-23      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| CVS Pass-Through Trust                                                           | CVS Pass-Through Trust                                                            | CUSIP: 126650AQ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2103 | PA      | $2104.07      | 0.00%             | 2026-01-10      | Fixed         | 5.79%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-158, Class SB                                                   | CUSIP: 38382XY58<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2477257 | PA      | $87696.39     | 0.02%             | 2051-09-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                               | Altria Group, Inc.                                                                | CUSIP: 02209SBV4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    920000 | PA      | $927869.34    | 0.19%             | 2035-08-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                                            | HPEFS Equipment Trust, Series 2024-1A, Class D                                    | CUSIP: 403963AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    505000 | PA      | $511107.42    | 0.11%             | 2031-11-20      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| American Airlines Pass-Through Trust                                             | American Airlines Pass-Through Trust, Series 2016-2, Class A                      | CUSIP: 023764AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1214000 | PA      | $1185896.26   | 0.25%             | 2028-06-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                                                  | CFCRE Commercial Mortgage Trust, Series 2016-C3, Class D                          | CUSIP: 12531WAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    730000 | PA      | $690688.19    | 0.14%             | 2048-01-10      | Variable      | 3.05%                 | Yes           |                  2 | On Loan: No      |
| Subway Funding LLC                                                               | Subway Funding LLC, Series 2024-3A, Class A2II                                    | CUSIP: 864300AJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    816750 | PA      | $816961.70    | 0.17%             | 2054-07-30      | Fixed         | 5.57%                 | Yes           |                  2 | On Loan: No      |
| Progress Residential Trust                                                       | Progress Residential Trust, Series 2025-SFR3, Class D                             | CUSIP: 74334BAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    925000 | PA      | $845232.44    | 0.18%             | 2042-07-17      | Fixed         | 3.39%                 | Yes           |                  2 | On Loan: No      |
| Sally Holdings LLC                                                               | Sally Holdings LLC                                                                | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $332939.84    | 0.07%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| BCC Middle Market CLO LLC                                                        | BCC Middle Market CLO LLC, Series 2025-1A, Class A1                               | CUSIP: 05555YAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    610000 | PA      | $610990.64    | 0.13%             | 2037-07-17      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2020-129, Class SB                                                   | CUSIP: 38382JXP6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2807293 | PA      | $39029.24     | 0.01%             | 2050-09-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                                  | Citigroup, Inc.                                                                   | CUSIP: 17327CAU7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    680000 | PA      | $683800.07    | 0.14%             | 2039-09-19      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2021-8, Class ID                                              | CUSIP: 3136BFES8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1586787 | PA      | $339126.33    | 0.07%             | 2051-03-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Energean Israel Finance Ltd.                                                     | Energean Israel Finance Ltd.                                                      | CUSIP: N/A<br>LEI: 98450044QACBL3F8EB03       | Long             | DBT              | CORP              | IL        |    135000 | PA      | $132806.25    | 0.03%             | 2028-03-30      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-96, Class JS                                                    | CUSIP: 38382UYG0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1493622 | PA      | $221184.70    | 0.05%             | 2051-06-20      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                     | Avolon Holdings Funding Ltd.                                                      | CUSIP: 05401AAM3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1385000 | PA      | $1374893.61   | 0.29%             | 2026-02-21      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| Fortress Credit Opportunities XXI CLO LLC                                        | Fortress Credit Opportunities XXI CLO LLC, Series 2023-21A, Class A1TR            | CUSIP: 34964UAN6<br>LEI: 254900WDNXJI5BDB6170 | Long             | ABS-CBDO         | CORP              | US        |    700000 | PA      | $701087.80    | 0.15%             | 2037-01-21      | Floating      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2021-12, Class GC                                             | CUSIP: 3136BFHM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |   1249642 | PA      | $1145070.10   | 0.24%             | 2050-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BFLD Commercial Mortgage Trust                                                   | BFLD Commercial Mortgage Trust, Series 2025-5MW, Class A                          | CUSIP: 088921AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1020000 | PA      | $1019259.58   | 0.21%             | 2042-10-10      | Variable      | 4.67%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO 78M                                                   | Golub Capital Partners CLO 78M, Series 2025-78A, Class A1                         | CUSIP: 381934AC2<br>LEI: 254900PSE4IZIZUH7U62 | Long             | ABS-CBDO         | CORP              | US        |    930000 | PA      | $926973.78    | 0.19%             | 2039-04-21      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                                                     | UBS Group AG                                                                      | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1060000 | PA      | $958240.74    | 0.20%             | 2031-02-10      | Variable      | 4.38%                 | Yes           |                  2 | On Loan: No      |
| RIN V LLC                                                                        | RIN V LLC, Series 2023-2A, Class A1R                                              | CUSIP: 74970TAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $998386.00    | 0.21%             | 2036-10-14      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Barclays plc                                                                     | Barclays plc                                                                      | CUSIP: 06738ECY9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    780000 | PA      | $804520.72    | 0.17%             | 2031-02-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: —       |
| Mineral Resources Ltd.                                                           | Mineral Resources Ltd.                                                            | CUSIP: 603051AF0<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    685000 | PA      | $709149.68    | 0.15%             | 2031-04-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, Series 4358, Class Z                                                       | CUSIP: 3137BBPC8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    653024 | PA      | $601422.24    | 0.12%             | 2044-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2021-85, Class BI                                             | CUSIP: 3136BKHZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2583350 | PA      | $461872.03    | 0.10%             | 2051-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                        | Commercial Mortgage Trust, Series 2016-DC2, Class D                               | CUSIP: 12594CAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1208000 | PA      | $1162482.44   | 0.24%             | 2049-02-10      | Variable      | 3.92%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-59, Class YC                                                    | CUSIP: 38383XXB5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1171266 | PA      | $1299229.10   | 0.27%             | 2051-09-20      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                               | Altria Group, Inc.                                                                | CUSIP: 02209SBL6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1625719.63   | 0.34%             | 2032-02-04      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust                               | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class D      | CUSIP: 61690FAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1590000 | PA      | $954047.70    | 0.20%             | 2048-04-15      | Variable      | 3.97%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-47                                                              | CUSIP: 38380RA75<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5539815 | PA      | $373011.84    | 0.08%             | 2061-03-16      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| PacifiCorp                                                                       | PacifiCorp                                                                        | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    445000 | PA      | $467484.52    | 0.10%             | 2055-09-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Aircastle Ltd.                                                                   | Aircastle Ltd.                                                                    | CUSIP: 00929JAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $755671.68    | 0.16%             | 2030-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Subway Funding LLC                                                               | Subway Funding LLC, Series 2024-3A, Class A23                                     | CUSIP: 864300AL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    693000 | PA      | $687995.78    | 0.14%             | 2054-07-30      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                           | Santander Drive Auto Receivables Trust, Series 2025-1, Class D                    | CUSIP: 80288DAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    610000 | PA      | $615553.75    | 0.13%             | 2031-03-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 31418EP20<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1304270 | PA      | $1303302.90   | 0.27%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCK Trust                                                                       | ROCK Trust, Series 2024-CNTR, Class E                                             | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1845000 | PA      | $1947011.90   | 0.40%             | 2041-11-13      | Fixed         | 8.82%                 | Yes           |                  2 | On Loan: No      |
| Piedmont Natural Gas Co., Inc.                                                   | Piedmont Natural Gas Co., Inc.                                                    | CUSIP: 720186AP0<br>LEI: VXB4M3BDPKF3I2AZ3G89 | Long             | DBT              | CORP              | US        |    620000 | PA      | $563746.37    | 0.12%             | 2052-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC STACR REMIC Trust, Series 2025-DNA1, Class M2                               | CUSIP: 35564NGA5<br>LEI: 529900WZAMS87JCAOC53 | Long             | ABS-MBS          | CORP              | US        |   1276000 | PA      | $1276393.39   | 0.27%             | 2045-01-25      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Carmax Select Receivables Trust                                                  | Carmax Select Receivables Trust, Series 2025-B, Class D                           | CUSIP: 14320BAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1180000 | PA      | $1182074.56   | 0.25%             | 2031-07-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 31418EVA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    865199 | PA      | $886705.22    | 0.18%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GLP Capital LP                                                                   | GLP Capital LP                                                                    | CUSIP: 361841AP4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1167257.95   | 0.24%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance BV                                                   | Braskem Netherlands Finance BV                                                    | CUSIP: 10554TAB1<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   1135000 | PA      | $509331.25    | 0.11%             | 2028-01-10      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Arcos Dorados BV                                                                 | Arcos Dorados BV                                                                  | CUSIP: 03965TAC7<br>LEI: 549300T91OYP6I7P8G39 | Long             | DBT              | CORP              | NL        |    970000 | PA      | $1027763.50   | 0.21%             | 2032-01-29      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| American Honda Finance Corp.                                                     | American Honda Finance Corp.                                                      | CUSIP: 02665WGF2<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $1033114.49   | 0.21%             | 2032-07-09      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BF Mortgage Trust                                                                | BF Mortgage Trust, Series 2019-NYT, Class B                                       | CUSIP: 62954PAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    925000 | PA      | $910943.42    | 0.19%             | 2035-12-15      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Samarco Mineracao SA                                                             | Samarco Mineracao SA                                                              | CUSIP: N/A<br>LEI: 529900U8HKV15GJC4O60       | Long             | DBT              | CORP              | BR        |    424337 | PA      | $424331.78    | 0.09%             | 2031-06-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA, Strips                                                                     | FNMA, Strips, REMIC, Series 440, Class C46                                        | CUSIP: 31424U8A7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2982565 | PA      | $630147.98    | 0.13%             | 2053-10-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Smithfield Foods, Inc.                                                           | Smithfield Foods, Inc.                                                            | CUSIP: 832248BB3<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    580000 | PA      | $588001.44    | 0.12%             | 2029-04-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-53                                                              | CUSIP: 38383XYN8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    360328 | PA      | $299051.06    | 0.06%             | 2053-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                 | Deutsche Bank AG                                                                  | CUSIP: 251526CN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1325000 | PA      | $1330583.30   | 0.28%             | 2027-11-16      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Duquesne Light Holdings, Inc.                                                    | Duquesne Light Holdings, Inc.                                                     | CUSIP: 266233AG0<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |    990000 | PA      | $975201.79    | 0.20%             | 2027-08-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Consolidated Communications LLC                                                  | Consolidated Communications LLC, Series 2025-1A, Class C                          | CUSIP: 209031AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1045840.60   | 0.22%             | 2055-05-20      | Fixed         | 9.41%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Wealth Management                                                       | JPMorgan Wealth Management, Series 2020-ATR1, Class B2                            | CUSIP: 46652HBX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1024382 | PA      | $911709.71    | 0.19%             | 2050-02-25      | Variable      | 3.48%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-97, Class SA                                                    | CUSIP: 38382VET2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3879839 | PA      | $45820.12     | 0.01%             | 2051-06-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                       | Aviation Capital Group LLC                                                        | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1321550.63   | 0.27%             | 2026-01-30      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-139, Class IA                                                   | CUSIP: 38382XFY6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6534549 | PA      | $1180719.19   | 0.25%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Post Holdings, Inc.                                                              | Post Holdings, Inc.                                                               | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    205000 | PA      | $192509.01    | 0.04%             | 2031-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                   | Morgan Stanley                                                                    | CUSIP: 61747YEH4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    510000 | PA      | $455967.72    | 0.09%             | 2032-10-20      | Variable      | 2.51%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5471, Class SK                                               | CUSIP: 3137HHAB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2613078 | PA      | $110373.56    | 0.02%             | 2054-08-25      | Floating      | 1.17%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                         | Angel Oak Mortgage Trust, Series 2025-3, Class A1                                 | CUSIP: 03466RAA9<br>LEI: 254900U85BAJNPG0MG65 | Long             | ABS-MBS          | CORP              | US        |    717327 | PA      | $720796.06    | 0.15%             | 2070-03-25      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust                           | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2012-WLDN, Class A | CUSIP: 46637TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    316046 | PA      | $306169.55    | 0.06%             | 2030-05-05      | Fixed         | 3.91%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-55, Class LB                                                    | CUSIP: 38383X4D3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    630714 | PA      | $724363.95    | 0.15%             | 2051-11-20      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-57, Class SA                                                    | CUSIP: 38382QAD2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3030667 | PA      | $422088.88    | 0.09%             | 2051-03-20      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp.                                                            | OneMain Finance Corp.                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    645000 | PA      | $673723.14    | 0.14%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-205, Class DS                                                   | CUSIP: 38383C3X6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4830236 | PA      | $83892.51     | 0.02%             | 2051-11-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                        | Towd Point Mortgage Trust, Series 2017-4, Class B5                                | CUSIP: 89173UAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    716324 | PA      | $512746.15    | 0.11%             | 2057-06-25      | Variable      | 3.65%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5160                                                         | CUSIP: 3137H3WL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1006453 | PA      | $111743.63    | 0.02%             | 2051-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                                             | Colombia Government Bond                                                          | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1485000 | PA      | $1265962.50   | 0.26%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 31418ECQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2545748 | PA      | $2172876.02   | 0.45%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-16, Class AS                                                    | CUSIP: 38382NAB3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3294935 | PA      | $30659.70     | 0.01%             | 2051-01-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                              | Societe Generale SA                                                               | CUSIP: 83370RAB4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    395000 | PA      | $391555.76    | 0.08%             | 2026-05-26      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5315, Class OQ                                               | CUSIP: 3137HAA48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    539828 | PA      | $444596.24    | 0.09%             | 2055-01-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                  | Goldman Sachs Group, Inc. (The)                                                   | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    740000 | PA      | $654363.43    | 0.14%             | 2032-01-27      | Variable      | 1.99%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2016-93, Class AI                                                    | CUSIP: 38379XY20<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1413939 | PA      | $334764.34    | 0.07%             | 2044-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-66, Class OQ                                                    | CUSIP: 38384AQK2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1090558 | PA      | $860574.05    | 0.18%             | 2052-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2019-128, Class KF                                                   | CUSIP: 38382AEQ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    369601 | PA      | $334746.40    | 0.07%             | 2049-10-20      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                                                    | Citigroup Mortgage Loan Trust, Series 2025-4, Class A2                            | CUSIP: 17332NAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    756929 | PA      | $758615.14    | 0.16%             | 2055-10-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Cheniere Corpus Christi Holdings LLC                                             | Cheniere Corpus Christi Holdings LLC                                              | CUSIP: 16412XAL9<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $956400.03    | 0.20%             | 2039-12-31      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Euro-OAT                                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |      -306 | NC      | $-930147.09   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Connecticut Avenue Securities Trust                                              | Connecticut Avenue Securities Trust, Series 2019-HRP1, Class B1                   | CUSIP: 20754PAD2<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | CORP              | US        |   1908254 | PA      | $2039225.33   | 0.42%             | 2039-11-25      | Floating      | 13.55%                | Yes           |                  2 | On Loan: No      |
| Zayo Issuer LLC                                                                  | Zayo Issuer LLC, Series 2025-1A, Class A2                                         | CUSIP: 98919WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1295000 | PA      | $1315835.64   | 0.27%             | 2055-03-20      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                                                     | UBS Group AG                                                                      | CUSIP: 225401AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1070000 | PA      | $990746.64    | 0.21%             | 2032-05-14      | Variable      | 3.09%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-46, Class QS                                                    | CUSIP: 38382P5H1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    859325 | PA      | $119561.15    | 0.02%             | 2051-03-20      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO Ltd.                                                     | Bain Capital Credit CLO Ltd., Series 2021-6A, Class DR                            | CUSIP: 05684PAU0<br>LEI: 254900YXN9JEMKU5DF45 | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $345482.55    | 0.07%             | 2034-10-21      | Floating      | 6.82%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                        | Ford Motor Credit Co. LLC                                                         | CUSIP: 345397C92<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    700000 | PA      | $728179.17    | 0.15%             | 2028-05-12      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Apidos CLO XVIII-R                                                               | Apidos CLO, Series 2018-18A, Class BR2                                            | CUSIP: 03767NBA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    860000 | PA      | $864421.26    | 0.18%             | 2038-01-22      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                      | ONEOK, Inc.                                                                       | CUSIP: 682680DD2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    880000 | PA      | $881089.88    | 0.18%             | 2055-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                              | New Residential Mortgage Loan Trust, Series 2020-RPL1, Class B3                   | CUSIP: 64828XAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1190000 | PA      | $946653.45    | 0.20%             | 2059-11-25      | Variable      | 3.83%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                      | Capital One Financial Corp.                                                       | CUSIP: 14040HCZ6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    905000 | PA      | $948540.80    | 0.20%             | 2029-06-08      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                      | Capital One Financial Corp.                                                       | CUSIP: 14040HDF9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    130000 | PA      | $137845.60    | 0.03%             | 2035-02-01      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-80, Class SA                                                    | CUSIP: 38384BPQ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3506465 | PA      | $163315.73    | 0.03%             | 2053-06-20      | Floating      | 1.07%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Acceptance Co. LLC                                                  | Nissan Motor Acceptance Co. LLC                                                   | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   1545000 | PA      | $1496774.59   | 0.31%             | 2026-09-16      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue Securities Trust                                  | Multifamily Connecticut Avenue Securities Trust, Series 2020-01, Class CE         | CUSIP: 62548QAF8<br>LEI: 5493002KQF9IH3CTQZ40 | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1395933.75   | 0.29%             | 2050-03-25      | Floating      | 11.80%                | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                                       | UMBS Pool, 30 Year                                                                | CUSIP: 3132DUT49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1338619 | PA      | $1358764.19   | 0.28%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III BV                                   | Teva Pharmaceutical Finance Netherlands III BV                                    | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    649000 | PA      | $639021.35    | 0.13%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2020-1, Class YS                                                     | CUSIP: 38382CDW8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2114659 | PA      | $24234.63     | 0.01%             | 2050-01-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Pound Sterling                                                                   | Pound Sterling                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |        27 | OU      | $35.51        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5200, Class SA                                               | CUSIP: 3137H6KD6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    278478 | PA      | $7983.66      | 0.00%             | 2052-02-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Strips, Series 426, Class C32                                        | CUSIP: 31422MZU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3149541 | PA      | $300671.21    | 0.06%             | 2052-02-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| 1301 Trust                                                                       | 1301 Trust, Series 2025-1301, Class D                                             | CUSIP: 682461AJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1075000 | PA      | $1090724.56   | 0.23%             | 2042-08-11      | Variable      | 6.22%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2020-70, Class SD                                             | CUSIP: 3136BBX23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1283150 | PA      | $167965.29    | 0.03%             | 2050-10-25      | Floating      | 1.95%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                               | Ally Bank Auto Credit-Linked Notes, Series 2025-B, Class F                        | CUSIP: 02007G6T5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1250040.63   | 0.26%             | 2033-09-15      | Fixed         | 6.94%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC STACR REMIC Trust, Series 2020-HQA1, Class B2                               | CUSIP: 35565JBE0<br>LEI: 549300TCRXCIFPAC3B85 | Long             | ABS-MBS          | CORP              | US        |   1377000 | PA      | $1539761.40   | 0.32%             | 2050-01-25      | Floating      | 9.40%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, Series 2024-82, Class DS                                                    | CUSIP: 3136BTGK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3908539 | PA      | $151940.94    | 0.03%             | 2054-11-25      | Floating      | 0.97%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                  | Goldman Sachs Group, Inc. (The)                                                   | CUSIP: 38141GFD1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    405000 | PA      | $454111.12    | 0.09%             | 2037-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2024-48, Class JI                                                    | CUSIP: 38384KHH7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1885474 | PA      | $317019.59    | 0.07%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2021-12, Class JI                                             | CUSIP: 3136BFKM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    888967 | PA      | $142934.92    | 0.03%             | 2051-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                          | American Airlines, Inc.                                                           | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240833 | PA      | $241445.47    | 0.05%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Trust Fibra Uno                                                                  | Trust Fibra Uno                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | MX        |    990000 | PA      | $1078268.40   | 0.22%             | 2034-02-13      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                                       | UMBS Pool, 30 Year                                                                | CUSIP: 3132DWE58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    602585 | PA      | $574170.86    | 0.12%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                               | General Motors Financial Co., Inc.                                                | CUSIP: 37045XFG6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    130000 | PA      | $135123.30    | 0.03%             | 2032-04-04      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| GNMA                                                                             | GNMA, Series 2021-1, Class PI                                                     | CUSIP: 38382ML56<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    657547 | PA      | $100950.70    | 0.02%             | 2050-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Post Holdings, Inc.                                                              | Post Holdings, Inc.                                                               | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    452000 | PA      | $438233.26    | 0.09%             | 2030-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-140, Class GF                                                   | CUSIP: 38382XTS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    777353 | PA      | $659771.33    | 0.14%             | 2051-08-20      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| Dow Chemical Co. (The)                                                           | Dow Chemical Co. (The)                                                            | CUSIP: 260543DP5<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    845000 | PA      | $845817.85    | 0.18%             | 2036-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-97, Class SM                                                    | CUSIP: 38382VAW9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2060004 | PA      | $292973.42    | 0.06%             | 2051-06-20      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| Belrose Funding Trust II                                                         | Belrose Funding Trust II                                                          | CUSIP: 08079KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $772337.22    | 0.16%             | 2055-05-15      | Fixed         | 6.79%                 | Yes           |                  2 | On Loan: No      |
| Avant Loans Funding Trust                                                        | Avant Loans Funding Trust, Series 2022-REV1, Class D                              | CUSIP: 05356GAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    222054 | PA      | $222767.59    | 0.05%             | 2031-09-15      | Fixed         | 11.02%                | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-66, Class MP                                                    | CUSIP: 38384AWS8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    996404 | PA      | $943328.67    | 0.20%             | 2053-05-20      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO XX LLC                                                              | Owl Rock CLO XX LLC, Series 2024-20A, Class C                                     | CUSIP: 69122LAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    475000 | PA      | $471627.03    | 0.10%             | 2034-10-24      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| Fortune Star BVI Ltd.                                                            | Fortune Star BVI Ltd.                                                             | CUSIP: N/A<br>LEI: 2549008CU8NYQQRSNU62       | Long             | DBT              | CORP              | VG        |    215000 | PA      | $224668.50    | 0.05%             | 2028-05-19      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Banco Santander SA                                                               | Banco Santander SA                                                                | CUSIP: 05964HAS4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $610738.83    | 0.13%             | 2027-08-18      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 4993, Class KS                                               | CUSIP: 3137FU6G4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2733561 | PA      | $391320.69    | 0.08%             | 2050-07-25      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| AGL CLO 32 Ltd.                                                                  | AGL CLO 32 Ltd., Series 2024-32A, Class A1                                        | CUSIP: 00121BAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $601196.40    | 0.12%             | 2037-07-21      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Qnity Electronics, Inc.                                                          | Qnity Electronics, Inc.                                                           | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    550000 | PA      | $559698.15    | 0.12%             | 2032-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NYLI U.S. Government Liquidity Fund                                              | NYLI U.S. Government Liquidity Fund                                               | CUSIP: 56064L488<br>LEI: 549300Y3ZLEL13IJCK58 | Long             | STIV             | RF                | US        |   7132841 | NS      | $7132840.66   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-172                                                             | CUSIP: 38381JA72<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3049217 | PA      | $283126.21    | 0.06%             | 2066-02-16      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2020-167, Class SN                                                   | CUSIP: 38382LBS9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    735016 | PA      | $110579.82    | 0.02%             | 2050-11-20      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-226, Class SA                                                   | CUSIP: 38383FAC7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2641996 | PA      | $5655.72      | 0.00%             | 2051-12-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                                     | Barclays plc                                                                      | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1760000 | PA      | $1679798.91   | 0.35%             | 2028-03-15      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| SKY Trust                                                                        | SKY Trust, Series 2025-LINE, Class B                                              | CUSIP: 830941AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    786632 | PA      | $787302.56    | 0.16%             | 2042-04-15      | Floating      | 7.72%                 | Yes           |                  2 | On Loan: No      |
| Commonwealth of the Bahamas                                                      | Bahamas Government Bond                                                           | CUSIP: N/A<br>LEI: 549300W13SXC7EKNJC20       | Long             | DBT              | NUSS              | BS        |   1080000 | PA      | $1169413.20   | 0.24%             | 2036-06-24      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, Series 4988, Class LP                                                      | CUSIP: 3137FUQM9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1009008 | PA      | $808220.87    | 0.17%             | 2050-06-25      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC STACR REMIC Trust, Series 2022-DNA1, Class B2                               | CUSIP: 35564KQZ5<br>LEI: 5493000ISBDRXIMCHZ70 | Long             | ABS-MBS          | CORP              | US        |   1295000 | PA      | $1370854.11   | 0.28%             | 2042-01-25      | Floating      | 11.28%                | Yes           |                  2 | On Loan: No      |
| Textron Financial Corp.                                                          | Textron Financial Corp.                                                           | CUSIP: 883199AR2<br>LEI: 4E8B2CNXPE5P5AY03O18 | Long             | DBT              | CORP              | US        |    955000 | PA      | $859556.17    | 0.18%             | 2042-02-15      | Floating      | 6.21%                 | Yes           |                  2 | On Loan: No      |
| First Horizon Bank                                                               | First Horizon Bank                                                                | CUSIP: 337158AJ8<br>LEI: COOWI3L2W9TPYR3WJX37 | Long             | DBT              | CORP              | US        |   1606000 | PA      | $1660612.09   | 0.35%             | 2030-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                                       | UMBS Pool, 30 Year                                                                | CUSIP: 31427PH72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    802795 | PA      | $821369.05    | 0.17%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Strips, Series 402                                                  | CUSIP: 3133Q3C33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    675894 | PA      | $582902.04    | 0.12%             | 2053-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                        | Vistra Operations Co. LLC                                                         | CUSIP: 92840VAS1<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    435000 | PA      | $456283.25    | 0.09%             | 2034-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                                         | Celanese US Holdings LLC                                                          | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    780000 | PA      | $799768.32    | 0.17%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                     | GS Mortgage Securities Trust, Series 2014-GC22, Class B                           | CUSIP: 36253BAZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1040000 | PA      | $847888.50    | 0.18%             | 2047-06-10      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 4725, Class WZ                                               | CUSIP: 3137FBKV7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1294071 | PA      | $1210418.73   | 0.25%             | 2047-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Empresa Nacional del Petroleo                                                    | Empresa Nacional del Petroleo                                                     | CUSIP: 29245JAM4<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | NUSS              | CL        |    527000 | PA      | $485206.05    | 0.10%             | 2031-09-16      | Fixed         | 3.45%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, Strips, REMIC, Series 429, Class C5                                         | CUSIP: 31423YVM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3216451 | PA      | $585385.68    | 0.12%             | 2052-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2020-166, Class CA                                                   | CUSIP: 38382LQC8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1132684 | PA      | $857796.72    | 0.18%             | 2050-11-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand  | CUSIP: 05969BAF0<br>LEI: SCRYQ25DTVRHYYMM6P89 | Long             | DBT              | CORP              | MX        |    830000 | PA      | $861905.20    | 0.18%             | 2029-12-10      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                                               | Energy Transfer LP                                                                | CUSIP: 86765BAQ2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    245000 | PA      | $224056.67    | 0.05%             | 2045-05-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| QTS Issuer ABS I LLC                                                             | QTS Issuer ABS I LLC, Series 2025-1A, Class A2                                    | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $811534.16    | 0.17%             | 2055-05-25      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| Hertz Vehicle Financing III LP                                                   | Hertz Vehicle Financing III LP, Series 2021-2A, Class D                           | CUSIP: 42806MAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1255000 | PA      | $1225402.58   | 0.25%             | 2027-12-27      | Fixed         | 4.34%                 | Yes           |                  2 | On Loan: No      |
| Jefferies Financial Group, Inc.                                                  | Jefferies Financial Group, Inc.                                                   | CUSIP: 47233WEJ4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    195000 | PA      | $204642.01    | 0.04%             | 2034-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 31418ER77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1080758 | PA      | $1079887.47   | 0.22%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 31418EDC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2349392 | PA      | $2002368.36   | 0.42%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                 | Deutsche Bank AG                                                                  | CUSIP: 251526CK3<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    890000 | PA      | $814649.50    | 0.17%             | 2032-05-28      | Variable      | 3.04%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, Series 5531, Class SD                                                      | CUSIP: 3137HKSD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3843728 | PA      | $241866.95    | 0.05%             | 2055-04-25      | Floating      | 1.72%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                                              | Connecticut Avenue Securities Trust, Series 2020-SBT1, Class 1B1                  | CUSIP: 20753VBT4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1805000 | PA      | $1905881.27   | 0.40%             | 2040-02-25      | Floating      | 11.05%                | Yes           |                  2 | On Loan: No      |
| Huntington Bank Auto Credit-Linked Notes                                         | Huntington Bank Auto Credit-Linked Notes, Series 2025-2, Class E                  | CUSIP: 44644NAS8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    704735 | PA      | $706745.77    | 0.15%             | 2033-09-20      | Floating      | 10.78%                | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-55, Class CG                                                    | CUSIP: 38383X4E1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    670284 | PA      | $758023.34    | 0.16%             | 2051-07-20      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-179, Class SA                                                   | CUSIP: 38383CYH7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2141114 | PA      | $317545.57    | 0.07%             | 2050-11-20      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| TruGreen Ltd. Partnership                                                        | TruGreen Ltd. Partnership, First Lien Term Loan B                                 | CUSIP: 89787RAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    584039 | PA      | $571628.42    | 0.12%             | 2027-11-02      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| Rakuten Group, Inc.                                                              | Rakuten Group, Inc.                                                               | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    810000 | PA      | $908520.14    | 0.19%             | 2029-04-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO 76 B Ltd.                                             | Golub Capital Partners CLO 76 B Ltd., Series 2024-76A, Class A1                   | CUSIP: 38180BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $500704.00    | 0.10%             | 2037-10-25      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 3140XQFR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    587340 | PA      | $594467.58    | 0.12%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-57, Class SD                                                    | CUSIP: 38382QAM2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5144233 | PA      | $725885.77    | 0.15%             | 2051-03-20      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 31418FGV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1261295 | PA      | $1196987.79   | 0.25%             | 2055-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC STACR REMIC Trust, Series 2019-FTR1, Class B2                               | CUSIP: 35564PAC2<br>LEI: 549300MHCI0CUXMJQS62 | Long             | ABS-MBS          | CORP              | US        |    870000 | PA      | $1032380.54   | 0.21%             | 2048-01-25      | Floating      | 12.65%                | Yes           |                  2 | On Loan: No      |
| Cologix Data Centers US Issuer LLC                                               | Cologix Data Centers US Issuer LLC, Series 2021-1A, Class A2                      | CUSIP: 19521UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    890000 | PA      | $869484.52    | 0.18%             | 2051-12-26      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2021-53, Class GI                                             | CUSIP: 3136BGMS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6940912 | PA      | $1140450.19   | 0.24%             | 2048-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | U.S. Treasury 2 Year Notes                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         1 | NC      | $-658.40      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Vedanta Resources Finance II plc                                                 | Vedanta Resources Finance II plc                                                  | CUSIP: 92243XAL5<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    365000 | PA      | $369156.77    | 0.08%             | 2033-04-24      | Fixed         | 9.85%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                                              | Connecticut Avenue Securities Trust, Series 2024-R05, Class 2B1                   | CUSIP: 20754XAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    920000 | PA      | $922306.72    | 0.19%             | 2044-07-25      | Floating      | 6.18%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2019-128, Class YF                                                   | CUSIP: 38382AGG4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    378854 | PA      | $346259.52    | 0.07%             | 2049-10-20      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                              | Petroleos Mexicanos                                                               | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |    715000 | PA      | $592129.54    | 0.12%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Smithfield Foods, Inc.                                                           | Smithfield Foods, Inc.                                                            | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    965000 | PA      | $960879.03    | 0.20%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-74, Class HI                                                    | CUSIP: 38382RLF3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    284894 | PA      | $43004.76     | 0.01%             | 2051-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                              | Exeter Automobile Receivables Trust, Series 2021-2A, Class E                      | CUSIP: 30165XAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1040000 | PA      | $1033738.37   | 0.21%             | 2028-07-17      | Fixed         | 2.90%                 | Yes           |                  2 | On Loan: No      |
| Tricon Residential Trust                                                         | Tricon Residential Trust, Series 2024-SFR4, Class C                               | CUSIP: 895975AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    929000 | PA      | $920020.84    | 0.19%             | 2041-11-17      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2025-112                                                             | CUSIP: 38381MUH1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6608944 | PA      | $336690.65    | 0.07%             | 2066-03-16      | Variable      | 0.56%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-81, Class LA                                                    | CUSIP: 38384BBR1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    268585 | PA      | $270779.02    | 0.06%             | 2052-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, Other                                                                       | CUSIP: 31371NCX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2724 | PA      | $2853.90      | 0.00%             | 2037-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AGL CLO 35 Ltd.                                                                  | AGL CLO 35 Ltd., Series 2024-35A, Class A2                                        | CUSIP: 00852KAB0<br>LEI: 254900LDCU83O7QV9777 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250355.25    | 0.05%             | 2038-01-21      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 3140J9K91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    527008 | PA      | $501430.44    | 0.10%             | 2044-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                                     | Pacific Gas and Electric Co.                                                      | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2235000 | PA      | $1527266.35   | 0.32%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2023-70, Class AO                                             | CUSIP: 3136BQG37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    516550 | PA      | $420772.79    | 0.09%             | 2053-03-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                                         | Lloyds Banking Group plc                                                          | CUSIP: 539439AM1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2643000 | PA      | $2643438.82   | 0.55%             | 2025-12-10      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2020-168, Class IA                                                   | CUSIP: 38380REA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2359365 | PA      | $170635.17    | 0.04%             | 2062-12-16      | Variable      | 0.97%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                               | Ally Bank Auto Credit-Linked Notes, Series 2025-A, Class G                        | CUSIP: 02007G5K5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    828425 | PA      | $835692.08    | 0.17%             | 2033-06-15      | Fixed         | 10.22%                | Yes           |                  2 | On Loan: No      |
| KeyBank NA                                                                       | KeyBank NA                                                                        | CUSIP: 49327V2C7<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    715000 | PA      | $708134.23    | 0.15%             | 2032-08-08      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5363                                                         | CUSIP: 3137HB5E0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    490331 | PA      | $426798.50    | 0.09%             | 2053-12-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Herc Holdings, Inc.                                                              | Herc Holdings, Inc.                                                               | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    550000 | PA      | $575673.45    | 0.12%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                 | NRG Energy, Inc.                                                                  | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1127896.52   | 0.23%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| LOANDEPOT GMSR Master Trust                                                      | LOANDEPOT GMSR Master Trust, Series 2025-GT2, Class A                             | CUSIP: 53946TAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1455000 | PA      | $1459661.67   | 0.30%             | 2030-07-16      | Floating      | 7.18%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, Series 2025-18, Class SM                                                    | CUSIP: 3136BVKJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1445207 | PA      | $111709.46    | 0.02%             | 2054-09-25      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| JetBlue Pass-Through Trust                                                       | JetBlue Pass-Through Trust, Series 2019-1, Class AA                               | CUSIP: 477143AH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    584001 | PA      | $518173.17    | 0.11%             | 2032-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| DBUBS Mortgage Trust                                                             | DBUBS Mortgage Trust, Series 2011-LC3A, Class PM2                                 | CUSIP: 23305YAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $800012.50    | 0.17%             | 2044-05-10      | Variable      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                        | Ford Motor Credit Co. LLC                                                         | CUSIP: 345397G31<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    285000 | PA      | $291373.10    | 0.06%             | 2031-11-05      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                                                  | BRAVO Residential Funding Trust, Series 2024-NQM8, Class A1A                      | CUSIP: 10571DAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    486953 | PA      | $482595.89    | 0.10%             | 2053-08-01      | Variable      | 4.30%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, Strips, Series 397, Class C61                                              | CUSIP: 3142G4PC9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1214054 | PA      | $244790.17    | 0.05%             | 2053-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                                                       | Flagship Credit Auto Trust, Series 2021-4, Class E                                | CUSIP: 33845AAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    515000 | PA      | $440035.11    | 0.09%             | 2029-03-15      | Fixed         | 4.03%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2016-57, Class SN                                             | CUSIP: 3136ATEN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1153359 | PA      | $132589.26    | 0.03%             | 2046-06-25      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership LP                                        | Invitation Homes Operating Partnership LP                                         | CUSIP: 46188BAA0<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    990000 | PA      | $857200.37    | 0.18%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2021-54, Class HI                                             | CUSIP: 3136BGKA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    377033 | PA      | $45276.33     | 0.01%             | 2051-06-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 3140QNQH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    222913 | PA      | $181350.95    | 0.04%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | U.S. Treasury 10 Year Notes                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        29 | NC      | $-31332.32    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| New Residential Mortgage Loan Trust                                              | New Residential Mortgage Loan Trust, Series 2019-RPL3, Class B2                   | CUSIP: 64830NAH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1315000 | PA      | $1139797.55   | 0.24%             | 2059-07-25      | Variable      | 3.98%                 | Yes           |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                               | United Airlines Pass-Through Trust, Series 2020-1, Class A                        | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    677736 | PA      | $693364.53    | 0.14%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                                    | UBS Commercial Mortgage Trust, Series 2018-C9, Class C                            | CUSIP: 90291JBB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    940000 | PA      | $649860.35    | 0.14%             | 2051-03-15      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                                        | XPLR Infrastructure Operating Partners LP                                         | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    740000 | PA      | $761213.58    | 0.16%             | 2029-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                                      | Toronto-Dominion Bank (The)                                                       | CUSIP: 89116CQJ9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    695000 | PA      | $704298.41    | 0.15%             | 2034-09-10      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                     | GS Mortgage Securities Trust, Series 2015-GC30, Class D                           | CUSIP: 36250GAX3<br>LEI: 549300L45M7638EL0H21 | Long             | ABS-MBS          | CORP              | US        |   2770000 | PA      | $1523500.00   | 0.32%             | 2050-05-10      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                                                          | CF Hippolyta Issuer LLC, Series 2020-1, Class A1                                  | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1507658 | PA      | $1289585.40   | 0.27%             | 2060-07-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC Gold Pools, 30 Year                                                         | CUSIP: 3132FCJ48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    402685 | PA      | $379309.54    | 0.08%             | 2047-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | U.S. Treasury 5 Year Notes                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         2 | NC      | $-1379.39     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                            | Wells Fargo Commercial Mortgage Trust, Series 2016-NXS6, Class D                  | CUSIP: 95000KAJ4<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |   1590000 | PA      | $1351835.17   | 0.28%             | 2049-11-15      | Fixed         | 3.06%                 | Yes           |                  2 | On Loan: No      |
| CIM Trust                                                                        | CIM Trust, Series 2021-J2, Class AS                                               | CUSIP: 12564ECM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  28283439 | PA      | $346319.40    | 0.07%             | 2051-04-25      | Variable      | 0.21%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2024-51, Class SX                                                    | CUSIP: 38384KVY4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8055393 | PA      | $348005.05    | 0.07%             | 2054-03-20      | Floating      | 1.02%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 4994, Class TS                                               | CUSIP: 3137FUFU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1252977 | PA      | $171781.85    | 0.04%             | 2050-07-25      | Floating      | 1.80%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Backed Securities Trust                                              | GS Mortgage Backed Securities Trust, Series 2023-PJ1, Class A4                    | CUSIP: 36267TAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1576226 | PA      | $1431948.08   | 0.30%             | 2053-02-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Cantor Fitzgerald LP                                                             | Cantor Fitzgerald LP                                                              | CUSIP: 138616AM9<br>LEI: 549300RLUEEVQEMX0450 | Long             | DBT              | CORP              | US        |    635000 | PA      | $674563.50    | 0.14%             | 2028-12-12      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| Vedanta Resources Finance II plc                                                 | Vedanta Resources Finance II plc                                                  | CUSIP: 92243XAM3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    505000 | PA      | $512463.43    | 0.11%             | 2030-07-24      | Fixed         | 9.47%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2024-164, Class PB                                                   | CUSIP: 38384XUD3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |    750696 | PA      | $742343.58    | 0.15%             | 2054-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ally Financial, Inc.                                                             | Ally Financial, Inc.                                                              | CUSIP: 02005NBT6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    270000 | PA      | $283594.90    | 0.06%             | 2029-06-13      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC STACR Securitized Participation Interests Trust, Series 2018-SPI3, Class B  | CUSIP: 3137G1DF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    936848 | PA      | $728439.18    | 0.15%             | 2048-08-25      | Variable      | 4.16%                 | Yes           |                  2 | On Loan: No      |
| Uruguay Government Bond                                                          | Uruguay Government Bond                                                           | CUSIP: 760942BF8<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |  33090000 | PA      | $917787.86    | 0.19%             | 2033-07-20      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-96, Class FG                                                    | CUSIP: 38382UG62<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    394491 | PA      | $356400.40    | 0.07%             | 2051-06-20      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| INVESCO GOVT AND AGCY LEX                                                        | INVESCO GOVERNMENT & AGENCY PORTFOLIO OPEN-END FUND USD                           | CUSIP: 825252885<br>LEI: O37NHJVF7S22I1ONOU83 | Long             | STIV             | RF                | US        |   2828176 | NS      | $2828176.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| RCKT Mortgage Trust                                                              | RCKT Mortgage Trust, Series 2021-5, Class A1                                      | CUSIP: 749384AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1121887 | PA      | $940851.12    | 0.20%             | 2051-11-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                         | U.S. Treasury Notes                                                               | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10690000 | PA      | $10823625.00  | 2.25%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                                         | Benchmark Mortgage Trust, Series 2019-B11, Class A5                               | CUSIP: 08162BBE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    625000 | PA      | $602399.31    | 0.13%             | 2052-05-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 31418E5P1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    640220 | PA      | $647662.05    | 0.13%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                 | NRG Energy, Inc.                                                                  | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    530000 | PA      | $528836.54    | 0.11%             | 2035-10-15      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 31418EV98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    967704 | PA      | $990827.42    | 0.21%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                         | U.S. Treasury Bonds                                                               | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19315000 | PA      | $19894450.00  | 4.13%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Strips, Series 438, Class C34                                        | CUSIP: 31424UWR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1652272 | PA      | $367007.19    | 0.08%             | 2053-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2025-2, Class Z                                                      | CUSIP: 38385B2H2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1698954 | PA      | $1325298.82   | 0.28%             | 2055-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Quad/Graphics, Inc.                                                              | Quad/Graphics, Inc.                                                               | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               | CORP              | US        |         1 | NS      | $5.51         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 3140XTCZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1841239 | PA      | $1503165.85   | 0.31%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                                              | Nexstar Media, Inc.                                                               | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    960000 | PA      | $944917.63    | 0.20%             | 2028-11-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                            | Bank of America Corp.                                                             | CUSIP: 06051GHZ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    755000 | PA      | $701037.11    | 0.15%             | 2031-02-13      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares, Inc.                                                      | Huntington Bancshares, Inc.                                                       | CUSIP: 446150BF0<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    575000 | PA      | $595534.12    | 0.12%             | 2039-11-18      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| Great Lakes CLO Ltd.                                                             | Great Lakes CLO Ltd., Series 2019-1A, Class ARR                                   | CUSIP: 390578AT9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    795000 | PA      | $799180.91    | 0.17%             | 2037-04-15      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                                     | BX Commercial Mortgage Trust, Series 2024-BRBK, Class D                           | CUSIP: 05613NAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    980000 | PA      | $979017.94    | 0.20%             | 2041-10-15      | Floating      | 10.00%                | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-46, Class TS                                                    | CUSIP: 38382P5E8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1039396 | PA      | $145268.62    | 0.03%             | 2051-03-20      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp.                                                                   | M&T Bank Corp.                                                                    | CUSIP: 55261FAT1<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    465000 | PA      | $491875.66    | 0.10%             | 2032-03-13      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                              | Synchrony Financial                                                               | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    805000 | PA      | $818866.34    | 0.17%             | 2031-03-06      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC STACR REMIC Trust, Series 2025-HQA1, Class M2                               | CUSIP: 35564NHA4<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | CORP              | US        |    985000 | PA      | $986857.12    | 0.21%             | 2045-02-25      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                      | Capital One Financial Corp.                                                       | CUSIP: 14040HDN2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    390000 | PA      | $387411.90    | 0.08%             | 2036-09-11      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| CD Mortgage Trust                                                                | CD Mortgage Trust, Series 2017-CD4, Class D                                       | CUSIP: 12515DAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $982367.72    | 0.20%             | 2050-05-10      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| Arizona Public Service Co.                                                       | Arizona Public Service Co.                                                        | CUSIP: 040555DB7<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $931416.02    | 0.19%             | 2050-05-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                                               | Credit Agricole SA                                                                | CUSIP: 225313AP0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $480668.00    | 0.10%             | 2029-03-23      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC                                             | Columbia Pipelines Operating Co. LLC                                              | CUSIP: 19828TAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $473749.95    | 0.10%             | 2055-02-15      | Fixed         | 5.96%                 | Yes           |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                            | Westpac Banking Corp.                                                             | CUSIP: 961214EX7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1633000 | PA      | $1462970.86   | 0.30%             | 2036-11-18      | Variable      | 3.02%                 | No            |                  2 | On Loan: No      |
| Vedanta Resources Finance II plc                                                 | Vedanta Resources Finance II plc                                                  | CUSIP: N/A<br>LEI: 8945002DGA3BBXO3N634       | Long             | DBT              | CORP              | GB        |    575000 | PA      | $601839.28    | 0.13%             | 2029-09-17      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, Other                                                                       | CUSIP: 3138E4Z79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    423518 | PA      | $413496.91    | 0.09%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                         | U.S. Treasury Notes                                                               | CUSIP: 91282CPE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12805000 | PA      | $12780990.63  | 2.66%             | 2027-10-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                          | BPCE SA                                                                           | CUSIP: 05571AAR6<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    410000 | PA      | $434879.41    | 0.09%             | 2029-10-19      | Variable      | 6.71%                 | Yes           |                  2 | On Loan: No      |
| Amgen, Inc.                                                                      | Amgen, Inc.                                                                       | CUSIP: 031162DU1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    450000 | PA      | $449456.45    | 0.09%             | 2063-03-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline LP                                                  | Plains All American Pipeline LP                                                   | CUSIP: 72650RBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    435000 | PA      | $439490.94    | 0.09%             | 2036-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-146, Class IN                                                   | CUSIP: 38382WH26<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1650935 | PA      | $308160.42    | 0.06%             | 2051-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Huntington Bank Auto Credit-Linked Notes                                         | Huntington Bank Auto Credit-Linked Notes, Series 2024-2, Class E                  | CUSIP: 44644NAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    563871 | PA      | $570747.99    | 0.12%             | 2032-10-20      | Floating      | 11.68%                | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5070, Class PI                                               | CUSIP: 3137F9Y54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1275064 | PA      | $232190.72    | 0.05%             | 2050-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                        | Ford Motor Credit Co. LLC                                                         | CUSIP: 345397D42<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    360000 | PA      | $385312.69    | 0.08%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: —       |
| Amphenol Corp.                                                                   | Amphenol Corp.                                                                    | CUSIP: 032095BB6<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    375000 | PA      | $364923.40    | 0.08%             | 2055-11-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, Other                                                                       | CUSIP: 3140J86U2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    741126 | PA      | $722672.48    | 0.15%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                                                       | J.P. Morgan Mortgage Trust, Series 2021-4, Class B1                               | CUSIP: 46652VBT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1221857 | PA      | $1017012.06   | 0.21%             | 2051-08-25      | Variable      | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Lloyds Banking Group plc                                                         | Lloyds Banking Group plc                                                          | CUSIP: 53944YAU7<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    520000 | PA      | $527780.60    | 0.11%             | 2033-08-11      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Silver Point SCF CLO IV Ltd.                                                     | Silver Point SCF CLO IV Ltd., Series 2021-1A, Class A2R                           | CUSIP: 82809JAE9<br>LEI: 549300JT1NOSMVUW1B50 | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $351735.30    | 0.07%             | 2036-10-15      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| National Fuel Gas Co.                                                            | National Fuel Gas Co.                                                             | CUSIP: 636180BR1<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |   1820000 | PA      | $1658343.27   | 0.34%             | 2031-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                   | BNP Paribas SA                                                                    | CUSIP: 05565ASK0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    745000 | PA      | $672996.05    | 0.14%             | 2031-02-25      | Variable      | 4.62%                 | Yes           |                  2 | On Loan: No      |
| DataBank Issuer II LLC                                                           | DataBank Issuer II LLC, Series 2025-1A, Class A2                                  | CUSIP: 23802YAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    970000 | PA      | $970561.44    | 0.20%             | 2055-09-27      | Fixed         | 5.18%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale SA                                                              | Societe Generale SA                                                               | CUSIP: 83370RAA6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1155000 | PA      | $1093706.92   | 0.23%             | 2030-11-18      | Variable      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-44, Class IQ                                                    | CUSIP: 38382PMU3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2330145 | PA      | $401157.22    | 0.08%             | 2051-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Magnetite 50 Ltd.                                                                | Magnetite 50 Ltd., Series 2025-50A, Class A1                                      | CUSIP: 55956MAA7<br>LEI: 529900LA8YF5OY74OD31 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001503.00   | 0.21%             | 2038-07-25      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 31418EB82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6563111 | PA      | $5350941.44   | 1.11%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC MSCR Trust                                                                 | FHLMC, REMIC, Series 2025-MN10, Class M2                                          | CUSIP: 35563UAB4<br>LEI: 529900M14O2Z3FO2N217 | Long             | ABS-MBS          | CORP              | US        |   1345000 | PA      | $1345007.67   | 0.28%             | 2045-02-25      | Floating      | 7.16%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                            | Wells Fargo Commercial Mortgage Trust, Series 2022-ONL, Class E                   | CUSIP: 95003WAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $720297.76    | 0.15%             | 2039-12-15      | Variable      | 4.93%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5021, Class SA                                               | CUSIP: 3137FWMZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2008129 | PA      | $57203.57     | 0.01%             | 2050-10-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp.                                                                | Black Hills Corp.                                                                 | CUSIP: 092113AY5<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1476978.95   | 0.31%             | 2031-01-31      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2023-45                                                       | CUSIP: 3136BQFY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    627935 | PA      | $501821.28    | 0.10%             | 2053-10-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Zayo Issuer LLC                                                                  | Zayo Issuer LLC, Series 2025-3A, Class C                                          | CUSIP: 98919WAS2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1227261.00   | 0.26%             | 2055-10-20      | Fixed         | 8.44%                 | Yes           |                  2 | On Loan: No      |
| Mill City Mortgage Loan Trust                                                    | Mill City Mortgage Loan Trust, Series 2018-3, Class B4                            | CUSIP: 59980XAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    558809 | PA      | $368981.83    | 0.08%             | 2058-08-25      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-101, Class KO                                                   | CUSIP: 38384CBE8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1739694 | PA      | $1157904.32   | 0.24%             | 2051-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-194, Class CI                                                   | CUSIP: 38381JN94<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3419883 | PA      | $215913.65    | 0.04%             | 2065-10-16      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| Cogent Communications Group LLC                                                  | Cogent Communications Group LLC                                                   | CUSIP: 19240WAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    985000 | PA      | $940639.84    | 0.20%             | 2032-07-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| Arizona Public Service Co.                                                       | Arizona Public Service Co.                                                        | CUSIP: 040555DD3<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1316627.69   | 0.27%             | 2031-12-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| British Airways Pass-Through Trust                                               | British Airways Pass-Through Trust, Series 2021-1, Class A                        | CUSIP: 11042CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1520016 | PA      | $1393674.28   | 0.29%             | 2035-03-15      | Fixed         | 2.90%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2022-1, Class CF                                                     | CUSIP: 38383GSL6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1116558 | PA      | $945858.50    | 0.20%             | 2052-01-20      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, Series 5547, Class ES                                                      | CUSIP: 3137HLKW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1744600 | PA      | $129372.23    | 0.03%             | 2055-06-25      | Floating      | 2.82%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                        | Commercial Mortgage Trust, Series 2014-CR20, Class D                              | CUSIP: 12592LAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    860000 | PA      | $627817.20    | 0.13%             | 2047-11-10      | Fixed         | 3.22%                 | Yes           |                  2 | On Loan: No      |
| Regatta 30 Funding Ltd.                                                          | Regatta 30 Funding Ltd., Series 2024-4A, Class B                                  | CUSIP: 75903UAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $702200.80    | 0.15%             | 2038-01-25      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                        | Commercial Mortgage Trust, Series 2018-HCLV, Class A                              | CUSIP: 20048KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    995000 | PA      | $915400.00    | 0.19%             | 2033-09-15      | Floating      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-159, Class CI                                                   | CUSIP: 38381JZC4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4463581 | PA      | $319824.05    | 0.07%             | 2065-07-16      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2020-189, Class SU                                                   | CUSIP: 38382MGE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    499503 | PA      | $75158.10     | 0.02%             | 2050-12-20      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                                       | UMBS Pool, 30 Year                                                                | CUSIP: 3132DWNE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1231302 | PA      | $1200351.55   | 0.25%             | 2054-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                                              | Connecticut Avenue Securities Trust, Series 2025-R02, Class 1B1                   | CUSIP: 20754TAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $551380.28    | 0.11%             | 2045-02-25      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Southwestern Electric Power Co.                                                  | Southwestern Electric Power Co.                                                   | CUSIP: 845437BT8<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $713259.36    | 0.15%             | 2051-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Strips, Series 311, Class S1                                        | CUSIP: 31325URK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2171501 | PA      | $236864.67    | 0.05%             | 2043-08-15      | Floating      | 1.60%                 | No            |                  2 | On Loan: No      |
| BWAY Mortgage Trust                                                              | BWAY Mortgage Trust, Series 2013-1515, Class C                                    | CUSIP: 05604FAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1068000 | PA      | $972084.63    | 0.20%             | 2033-03-10      | Fixed         | 3.45%                 | Yes           |                  2 | On Loan: No      |
| KeyCorp                                                                          | KeyCorp                                                                           | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    370000 | PA      | $401061.91    | 0.08%             | 2035-03-06      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2020-146, Class SA                                                   | CUSIP: 38382KWJ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1423153 | PA      | $205135.94    | 0.04%             | 2050-10-20      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2022-107, Class SA                                                   | CUSIP: 38383TLA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8463890 | PA      | $115726.77    | 0.02%             | 2052-06-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital, Inc.                                                            | Ashtead Capital, Inc.                                                             | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    640000 | PA      | $635088.77    | 0.13%             | 2028-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| AEP Texas, Inc.                                                                  | AEP Texas, Inc.                                                                   | CUSIP: 00108WAU4<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    395000 | PA      | $394799.79    | 0.08%             | 2055-10-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Ally Financial, Inc.                                                             | Ally Financial, Inc.                                                              | CUSIP: 02005NCA6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    945000 | PA      | $948951.21    | 0.20%             | 2033-07-31      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Studio City Finance Ltd.                                                         | Studio City Finance Ltd.                                                          | CUSIP: 86389QAG7<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    760000 | PA      | $727717.56    | 0.15%             | 2029-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2025-2, Class WZ                                                     | CUSIP: 38385B3C2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1492198 | PA      | $963789.34    | 0.20%             | 2052-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Issuer Trust                                                | GLS Auto Receivables Issuer Trust, Series 2022-3A, Class E                        | CUSIP: 38014QAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    665000 | PA      | $684603.54    | 0.14%             | 2029-10-15      | Fixed         | 8.35%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-96, Class GP                                                    | CUSIP: 38382UF55<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |    836761 | PA      | $651422.26    | 0.14%             | 2051-06-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 3140XMHT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    669632 | PA      | $690850.82    | 0.14%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-188                                                             | CUSIP: 38383CTL4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2617738 | PA      | $432020.78    | 0.09%             | 2051-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2020-57, Class LJ                                             | CUSIP: 3136BBCM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |   1540000 | PA      | $1168071.21   | 0.24%             | 2050-08-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | Long Gilt                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |       294 | NC      | $1239385.31   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMCC Commercial Mortgage Securities Trust                                       | JPMCC Commercial Mortgage Securities Trust, Series 2019-COR5, Class D             | CUSIP: 46591EAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $184300.94    | 0.04%             | 2052-06-13      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                            | Foundry JV Holdco LLC                                                             | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    555000 | PA      | $586279.92    | 0.12%             | 2036-01-25      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| DBGS Mortgage Trust                                                              | DBGS Mortgage Trust, Series 2018-5BP, Class A                                     | CUSIP: 33830CAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    610000 | PA      | $579500.00    | 0.12%             | 2033-06-15      | Floating      | 4.93%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                         | U.S. Treasury Bonds                                                               | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2040000 | PA      | $2067731.25   | 0.43%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-1, Class IT                                                     | CUSIP: 38382MV97<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1563140 | PA      | $263739.35    | 0.05%             | 2051-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                                                 | AutoNation, Inc.                                                                  | CUSIP: 05329WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    491000 | PA      | $492560.88    | 0.10%             | 2030-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Coty, Inc.                                                                       | Coty, Inc.                                                                        | CUSIP: 222070AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    985000 | PA      | $971147.55    | 0.20%             | 2029-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CAMB Commercial Mortgage Trust                                                   | CAMB Commercial Mortgage Trust, Series 2021-CX2, Class D                          | CUSIP: 12477BAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $784615.90    | 0.16%             | 2046-11-10      | Variable      | 2.77%                 | Yes           |                  2 | On Loan: No      |
| DT Midstream, Inc.                                                               | DT Midstream, Inc.                                                                | CUSIP: 23345MAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1078296.92   | 0.22%             | 2032-04-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| FHLMC MSCR Trust                                                                 | FHLMC, REMIC, Series 2024-MN8, Class M2                                           | CUSIP: 35563RAB1<br>LEI: 529900XKEN78GROIG538 | Long             | ABS-MBS          | CORP              | US        |    660000 | PA      | $689183.42    | 0.14%             | 2044-05-25      | Floating      | 8.43%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-98, Class IN                                                    | CUSIP: 38382TM27<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    971408 | PA      | $169317.80    | 0.04%             | 2051-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2022-185, Class DI                                                   | CUSIP: 38381HVY4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1995384 | PA      | $139304.74    | 0.03%             | 2065-10-16      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                         | BX Trust, Series 2025-VLT7, Class E                                               | CUSIP: 123913AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    910000 | PA      | $915118.75    | 0.19%             | 2044-07-15      | Floating      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2021-122, Class HS                                                   | CUSIP: 38382WBD8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1853099 | PA      | $265104.47    | 0.06%             | 2051-07-20      | Floating      | 2.15%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                                       | UMBS Pool, 30 Year                                                                | CUSIP: 3132DWKU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    865581 | PA      | $862652.47    | 0.18%             | 2054-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                                                       | J.P. Morgan Mortgage Trust, Series 2022-1, Class B3                               | CUSIP: 46654WCK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1288149 | PA      | $1051534.97   | 0.22%             | 2052-07-25      | Variable      | 3.08%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC, REMIC, Series 5357, Class OE                                               | CUSIP: 3137HAXR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    425159 | PA      | $357815.08    | 0.07%             | 2053-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, Other                                                                       | CUSIP: 3140LLB42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1009486.71   | 0.21%             | 2028-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC STACR REMIC Trust, Series 2022-DNA2, Class B1                               | CUSIP: 35564KSJ9<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |    605000 | PA      | $631336.19    | 0.13%             | 2042-02-25      | Floating      | 8.93%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                              | U.S. Treasury 10 Year Ultra Bonds                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -29 | NC      | $36636.42     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mill City Mortgage Loan Trust                                                    | Mill City Mortgage Loan Trust, Series 2018-3, Class B2                            | CUSIP: 59980XAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1985767 | PA      | $1543819.16   | 0.32%             | 2058-08-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| EURO                                                                             | EURO                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |       682 | OU      | $786.59       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC                                                                            | FHLMC, Series 5514, Class SA                                                      | CUSIP: 3137HKCT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3192150 | PA      | $117918.03    | 0.02%             | 2055-03-25      | Floating      | 0.92%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                              | Exeter Automobile Receivables Trust, Series 2021-3A, Class E                      | CUSIP: 30166AAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2090000 | PA      | $2069393.23   | 0.43%             | 2028-12-15      | Fixed         | 3.04%                 | Yes           |                  2 | On Loan: No      |
| JH North America Holdings, Inc.                                                  | JH North America Holdings, Inc.                                                   | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142592.10    | 0.03%             | 2031-01-31      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC STACR REMIC Trust, Series 2021-HQA4, Class B2                               | CUSIP: 35564KPP8<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | CORP              | US        |   1805000 | PA      | $1903942.16   | 0.40%             | 2041-12-25      | Floating      | 11.18%                | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                                     | Oracle Corp.                                                                      | CUSIP: 68389XDT9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    505000 | PA      | $481575.17    | 0.10%             | 2065-09-26      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO 5 Ltd.                                                      | Diameter Capital CLO 5 Ltd., Series 2023-5A, Class A1R                            | CUSIP: 25255RAL3<br>LEI: 254900DQ6NEBLANVO137 | Long             | ABS-CBDO         | CORP              | KY        |    725000 | PA      | $725197.93    | 0.15%             | 2039-01-15      | Floating      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 3140X83H8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     74052 | PA      | $68531.85     | 0.01%             | 2050-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                        | Vistra Operations Co. LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    455000 | PA      | $477905.16    | 0.10%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                             | UMBS, 30 Year                                                                     | CUSIP: 3140XPP78<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    894332 | PA      | $873794.40    | 0.18%             | 2054-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                          | American Airlines, Inc.                                                           | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    860000 | PA      | $867694.42    | 0.18%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2020-177                                                             | CUSIP: 38380RHQ6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3996419 | PA      | $239271.61    | 0.05%             | 2062-06-16      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA II, 30 Year                                                                  | CUSIP: 36179WGS1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    785628 | PA      | $639890.27    | 0.13%             | 2051-06-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA, Series 2023-38, Class WT                                                    | CUSIP: 38383WJT4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    467402 | PA      | $495462.49    | 0.10%             | 2051-12-20      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| Grupo Nutresa SA                                                                 | Grupo Nutresa SA                                                                  | CUSIP: 40055CAB9<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |    645000 | PA      | $732236.25    | 0.15%             | 2035-05-12      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                        | Ford Motor Credit Co. LLC                                                         | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    670000 | PA      | $673939.91    | 0.14%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                              | Petroleos Mexicanos                                                               | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   2075000 | PA      | $2115981.25   | 0.44%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                                       | UMBS Pool, 30 Year                                                                | CUSIP: 3132DSXM9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1651419 | PA      | $1574149.86   | 0.33%             | 2053-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                                             | Colombia Government Bond                                                          | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1080000 | PA      | $1150480.80   | 0.24%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                     | UBS Group AG                                                                      | CUSIP: 902613AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    340000 | PA      | $342582.01    | 0.07%             | 2028-05-12      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Dell International LLC                                                           | Dell International LLC                                                            | CUSIP: 24703DBF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $404809.74    | 0.08%             | 2041-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                                              | Hilcorp Energy I LP                                                               | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1094158.31   | 0.23%             | 2029-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Ares Direct Lending CLO 3 LLC                                                    | Ares Direct Lending CLO 3 LLC, Series 2024-3A, Class A2                           | CUSIP: 039945AB6<br>LEI: 254900TU6Z546P794928 | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $400092.40    | 0.08%             | 2037-01-20      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Citadel Finance LLC                                                              | Citadel Finance LLC                                                               | CUSIP: 17287HAD2<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |    460000 | PA      | $464675.66    | 0.10%             | 2030-02-10      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                                        | XPLR Infrastructure Operating Partners LP                                         | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    551000 | PA      | $538912.66    | 0.11%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                                       | UMBS Pool, 30 Year                                                                | CUSIP: 3132DWCB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1978264 | PA      | $1615579.82   | 0.34%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Point Broadband Funding LLC                                                      | Point Broadband Funding LLC, Series 2025-1A, Class B                              | CUSIP: 73052AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    695000 | PA      | $696556.94    | 0.14%             | 2055-07-20      | Fixed         | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                        | Ford Motor Credit Co. LLC                                                         | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    610000 | PA      | $602339.42    | 0.13%             | 2027-08-17      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                             | FNMA, REMIC, Series 2023-24, Class OQ                                             | CUSIP: 3136BP5A5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    783594 | PA      | $648364.69    | 0.13%             | 2054-07-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                             | BBCMS Mortgage Trust, Series 2018-C2, Class D                                     | CUSIP: 05491UAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $522694.32    | 0.11%             | 2051-12-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** NEW YORK LIFE INVESTMENTS FUNDS TRUST

**Signature:** Jack Benintende

**Name of Signer:** Jack Benintende

**Title:** Treasurer