# EDGAR Filing Document

**Accession Number:** 0000088525
**File Stem:** 0000913181-25-000289
**Filing Date:** 2025-12
**Character Count:** 132903
**Document Hash:** ac1dd07203fcb3625e72fe9cd519aeae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-25-000289.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000913181-25-000289

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GUGGENHEIM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000088525

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01136
- **FILM NUMBER:** 251538156

**BUSINESS ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 301-296-5100

**MAIL ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SECURITY EQUITY FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Guggenheim Ultra Short Duration Fund (Series ID: S000063493)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000205703 | Class A       | GIYAX           |
| C000205704 | Institutional | GIYIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Guggenheim Funds Trust

- **b. Investment Company Act file number:** 811-01136

- **c. CIK number of Registrant:** 0000088525

- **d. LEI of Registrant:** 54930033G24U3UGWK691

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

  - **Street Address 1:** 702 King Farm Blvd., Suite 200

  - **City:** Rockville

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 301-296-5100

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

- **a. Name of Series:** Guggenheim Ultra Short Duration Fund

- **b. EDGAR series identifier (if any):** S000063493

- **c. LEI of Series:** 549300CH4K7JJYWG0618

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

- **a. Date of fiscal year-end:** 2025-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $592222564.40

**Total Liabilities:** $33940107.09

**Net Assets:** $558282457.31

**Delayed Delivery Securities:** $18686903.93

**Cash Not Reported:** $385403.86

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 8199.39083530 | **1-Year:** 60919.12380490 | **5-Year:** 36599.69445250 | **10-Year:** 3805.27112260 | **30-Year:** 908.88785210

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

- **3-Month:** 326.58741850 | **1-Year:** 2280.65149360 | **5-Year:** 1813.17308360 | **10-Year:** 83.46808380 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000205703 | 0.25%                | 0.57%                | 0.34%                |
| Class ID C000205704 | 0.27%                | 0.59%                | 0.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $54063.90                | $-686530.46                                |
| Month 2  | $19310.43                | $1480898.40                                |
| Month 3  | $62943.78                | $823568.86                                 |

**Designated Index Information**

- **Index Name:** Portfolio (ExDerivative)

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                   | Title                                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |     Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| T-MOBILE USA INC                       | T-Mobile USA, Inc.                                                                    | CUSIP: 87264ABU8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     1600000 | PA      | $1586920.26   | 0.28%             | 2026-04-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Cerberus                               | Cerberus Loan Funding XXXII, LP                                                       | CUSIP: 15674LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     2440774 | PA      | $2447495.26   | 0.44%             | 2033-04-22      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust             | Verus Securitization Trust                                                            | CUSIP: 92540XAA9<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-MBS          | CORP              | US        |      241185 | PA      | $243003.62    | 0.04%             | 2070-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corpor         | Banc of America Funding Trust                                                         | CUSIP: 05990TAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       86511 | PA      | $86292.05     | 0.02%             | 2037-04-29      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne         | Oak Street Investment Grade Net Lease Fund Series                                     | CUSIP: 67181DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5852143 | PA      | $5587101.40   | 1.00%             | 2050-11-20      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN               | Jefferies Finance LLC / JFIN Company-Issuer Corp.                                     | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      700000 | PA      | $676329.29    | 0.12%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                          | U.S. Treasury Bills                                                                   | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1182000 | PA      | $1179090.80   | 0.21%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                | Brighthouse Financial Global Funding                                                  | CUSIP: 10921U2J6<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |     3900000 | PA      | $3965436.31   | 0.71%             | 2027-04-09      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                            | Freddie Mac                                                                           | CUSIP: 3137HMX47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     2707975 | PA      | $2715019.82   | 0.49%             | 2053-04-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POLARIS INC                            | Polaris, Inc.                                                                         | CUSIP: 731068AA0<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1380010.61   | 0.25%             | 2029-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                 | Option Care Health, Inc.                                                              | CUSIP: N/A<br>LEI: 549300DI3Q5ACSYJRI17       | Long             | LON              | CORP              | US        |      700000 | PA      | $698831.00    | 0.13%             | 2032-09-16      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA INC                     | Outfront Media Capital LLC                                                            | CUSIP: N/A<br>LEI: 5493005WC7J0FDMW0610       | Long             | LON              | CORP              | US        |      400000 | PA      | $399752.00    | 0.07%             | 2032-09-16      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                  | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   -20000000 | OU      | $23641.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                             | Fannie Mae                                                                            | CUSIP: 3136BWU53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2563490 | PA      | $2565219.78   | 0.46%             | 2053-11-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                       | CIFC Funding 2013-III-R Ltd.                                                          | CUSIP: 12552MAN8<br>LEI: 549300JZARV9CBLL1S14 | Long             | ABS-O            | CORP              | KY        |     2500000 | PA      | $2495661.75   | 0.45%             | 2031-04-24      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                       | Berry Global, Inc.                                                                    | CUSIP: 08576PAF8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |     1100000 | PA      | $1065565.15   | 0.19%             | 2027-01-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                     | Macquarie Bank Ltd.                                                                   | CUSIP: 55608PBT0<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |     2600000 | PA      | $2660039.85   | 0.48%             | 2027-07-02      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| BRP INC                                | Bombardier Recreational Products, Inc.                                                | CUSIP: N/A<br>LEI: 549300DZZJW11IMTMJ24       | Long             | LON              | CORP              | CA        |      850000 | PA      | $850263.50    | 0.15%             | 2029-12-13      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| GCAT                                   | GCAT 2025-NQM4 Trust                                                                  | CUSIP: 367923AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2160916 | PA      | $2179616.21   | 0.39%             | 2070-06-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                     | Tricon Residential Trust                                                              | CUSIP: 895974AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      994858 | PA      | $996762.18    | 0.18%             | 2042-03-17      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC               | Lloyds Banking Group plc                                                              | CUSIP: 53944YBC6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |     2300000 | PA      | $2340956.63   | 0.42%             | 2028-11-26      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| SERVPRO MASTER ISSUER, LLC             | SERVPRO Master Issuer LLC                                                             | CUSIP: 817743AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      942500 | PA      | $933369.53    | 0.17%             | 2049-10-25      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                 | VICI Properties Limited Partnership / VICI Note Company, Inc.                         | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1287195.85   | 0.23%             | 2029-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd         | Golub Capital Partners Clo 49M Ltd.                                                   | CUSIP: 38181HAC7<br>LEI: 254900NUVOJAHAT10W61 | Long             | ABS-O            | CORP              | KY        |     2000000 | PA      | $2003003.20   | 0.36%             | 2038-07-20      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| HARBOURVEST STRUCTURED SOLUTIONS IV LP | HarbourVest Partners LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |      600000 | PA      | $600000.00    | 0.11%             | 2030-09-15      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                         | PMT Loan Trust 2025-INV8                                                              | CUSIP: 73015EAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2746519 | PA      | $2767324.13   | 0.50%             | 2056-07-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL               | Jackson National Life Global Funding                                                  | CUSIP: 46849CJP7<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1314646.59   | 0.24%             | 2028-06-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BSPDF Issuer Ltd                       | BSPDF Issuer LLC                                                                      | CUSIP: 05615KAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1250000 | PA      | $1249771.00   | 0.22%             | 2042-12-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                     | BSPRT 2025-FL12 Issuer LLC                                                            | CUSIP: 05619BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      900000 | PA      | $898388.46    | 0.16%             | 2043-01-17      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus         | BRAVO Residential Funding Trust 2025-CES2                                             | CUSIP: 10568RAA1<br>LEI: 254900H5A4PX072RRR06 | Long             | ABS-MBS          | CORP              | US        |      494820 | PA      | $494499.38    | 0.09%             | 2055-07-26      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| Barclays Mortgage Loan Trust           | Barclays Mortgage Loan Trust 2023-NQM1                                                | CUSIP: 066940AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      341334 | PA      | $343443.44    | 0.06%             | 2063-01-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                            | Oracle Corp.                                                                          | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1399313.10   | 0.25%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ISRAEL (STATE OF)                      | Israel Government International Bond                                                  | CUSIP: N/A<br>LEI: 213800T8ZHTFZIBYPE21       | Long             | DBT              | NUSS              | IL        |    91000000 | PA      | $27113923.65  | 4.86%             | 2026-02-27      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                   | FS Rialto Issuer LLC                                                                  | CUSIP: 30340KAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      150000 | PA      | $149323.08    | 0.03%             | 2042-08-19      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus         | BRAVO Residential Funding Trust                                                       | CUSIP: 10569MAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      440359 | PA      | $443749.65    | 0.08%             | 2064-12-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                  | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |    -8200000 | OU      | $-168569.21   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd               | Neuberger Berman CLO 32R Ltd.                                                         | CUSIP: 64135XAC5<br>LEI: 25490093SHVBS5BLDZ40 | Long             | ABS-O            | CORP              | KY        |      300000 | PA      | $300819.12    | 0.05%             | 2039-07-20      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                     | CNO Global Funding                                                                    | CUSIP: 18977W2D1<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |     1660000 | PA      | $1703036.78   | 0.31%             | 2027-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                      | Brown & Brown, Inc.                                                                   | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |      600000 | PA      | $603140.74    | 0.11%             | 2026-12-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                           | Vontier Corp.                                                                         | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |     2150000 | PA      | $2120300.42   | 0.38%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                      | PRPM LLC                                                                              | CUSIP: 69382YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1195748 | PA      | $1197483.88   | 0.21%             | 2030-08-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                            | Freddie Mac                                                                           | CUSIP: 3137HLKN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     3100277 | PA      | $3140557.37   | 0.56%             | 2051-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust                 | SPDR S&P 500 ETF Trust                                                                | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |       40000 | NS      | $26647200.00  | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Verus Securitization Trust             | Verus Securitization Trust                                                            | CUSIP: 92538HAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      779764 | PA      | $666873.89    | 0.12%             | 2066-07-25      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| STAR 2025-SFR6 Trust                   | STAR 2025-SFR6 Trust                                                                  | CUSIP: 85520EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2750000 | PA      | $2755734.30   | 0.49%             | 2042-08-17      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust               | Angel Oak Mortgage Trust                                                              | CUSIP: 03464BAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1173658 | PA      | $1051627.13   | 0.19%             | 2066-12-25      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                         | iShares Core S&P 500 ETF                                                              | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DE               |  | US        |      -38000 | NC      | $-317300.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| PFP III                                | PFP 2025-12 Ltd.                                                                      | CUSIP: 69382JAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     1500000 | PA      | $1500487.65   | 0.27%             | 2042-12-18      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust           | CSMC Trust                                                                            | CUSIP: 12662GAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1022152 | PA      | $1018006.43   | 0.18%             | 2060-12-27      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL               | United Wholesale Mortgage LLC                                                         | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $999441.50    | 0.18%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                         | PMT Loan Trust 2025-INV7                                                              | CUSIP: 73015FAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      533496 | PA      | $542561.12    | 0.10%             | 2056-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JABIL INC                              | Jabil, Inc.                                                                           | CUSIP: 466313AM5<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |      600000 | PA      | $600048.94    | 0.11%             | 2027-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                      | GXO Logistics, Inc.                                                                   | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1365208.34   | 0.24%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC               | OBX 2025-NQM13 Trust                                                                  | CUSIP: 67121UAA4<br>LEI: 254900FPAGVH6E25VL74 | Long             | ABS-MBS          | CORP              | US        |     1202099 | PA      | $1212304.52   | 0.22%             | 2065-05-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                 | NextEra Energy Capital Holdings, Inc.                                                 | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     1800000 | PA      | $1819574.14   | 0.33%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC               | Vantage Data Centers LLC                                                              | CUSIP: 92212KAH9<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |     1350000 | PA      | $1356837.35   | 0.24%             | 2055-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization T         | Station Place Securitization Trust Series 2025-SP1                                    | CUSIP: 85772TAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      900000 | PA      | $900000.00    | 0.16%             | 2026-07-02      | Floating      | 5.57%                 | No            |                  3 | On Loan: No      |
| JP Morgan Mortgage Trust               | JP Morgan Mortgage Trust                                                              | CUSIP: 46658UAE1<br>LEI: 529900DB310G9HU4BP72 | Long             | ABS-MBS          | CORP              | US        |      834637 | PA      | $846480.55    | 0.15%             | 2055-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP PLC (THE)                   | Weir Group plc                                                                        | CUSIP: 94876QAA4<br>LEI: 549300KDR56WHY9I3D10 | Long             | DBT              | CORP              | GB        |      440000 | PA      | $432982.16    | 0.08%             | 2026-05-13      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust               | Mill City Securities Ltd.                                                             | CUSIP: 59982DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      187207 | PA      | $176442.98    | 0.03%             | 2069-08-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| VDCM Commercial Mortgage Trust         | VDCM Commercial Mortgage Trust 2025-AZ                                                | CUSIP: 91825CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      700000 | PA      | $707057.05    | 0.13%             | 2044-07-13      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                            | Freddie Mac                                                                           | CUSIP: 3137HJWE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     2409174 | PA      | $2443985.33   | 0.44%             | 2053-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                | TRTX Issuer Ltd.                                                                      | CUSIP: 897764AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      900000 | PA      | $898514.19    | 0.16%             | 2042-09-18      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                | BDS 2025-FL15 LLC                                                                     | CUSIP: 05556EAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1000855.10   | 0.18%             | 2043-03-19      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru         | Provident Funding Mortgage Trust                                                      | CUSIP: 74388NAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      550256 | PA      | $553166.93    | 0.10%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL         | Stack Infrastructure Issuer LLC                                                       | CUSIP: 85236KAP7<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |      700000 | PA      | $697083.24    | 0.12%             | 2050-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                               | BX Commercial Mortgage Trust                                                          | CUSIP: 05609VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     9930488 | PA      | $9899455.51   | 1.77%             | 2036-09-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Argent Securities Inc.                 | Argent Securities Incorporated Asset-Backed Pass-Through Certificates Series          | CUSIP: 040104ND9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      111632 | PA      | $110498.88    | 0.02%             | 2035-10-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| HINDALCO INDUSTRIES LTD                | Novelis Holdings, Inc.                                                                | CUSIP: N/A<br>LEI: 549300ZJQN1PEAT42X90       | Long             | LON              | CORP              | US        |      650000 | PA      | $650955.50    | 0.12%             | 2032-03-11      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                   | Kaiser Aluminum Corp.                                                                 | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1384322.32   | 0.25%             | 2028-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust            | Legacy Mortgage Asset Trust                                                           | CUSIP: 52476DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1100327 | PA      | $1099469.26   | 0.20%             | 2061-04-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management            | RCKT Mortgage Trust 2025-CES6                                                         | CUSIP: 748949AA2<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-MBS          | CORP              | US        |     1436978 | PA      | $1451361.91   | 0.26%             | 2055-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                 | Service Experts Issuer 2025-1 LLC                                                     | CUSIP: 81758JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      288791 | PA      | $289784.35    | 0.05%             | 2037-01-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                  | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |    -5000000 | OU      | $-5020.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GCAT                                   | GCAT Trust                                                                            | CUSIP: 36171MAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1297907 | PA      | $1309262.65   | 0.23%             | 2070-05-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust             | Verus Securitization Trust                                                            | CUSIP: 92538MAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1407806 | PA      | $1239928.86   | 0.22%             | 2066-10-25      | Variable      | 1.89%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                  | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   -20000000 | OU      | $-16083.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                 | Sequoia Mortgage Trust                                                                | CUSIP: 81743GAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     4996700 | PA      | $5023107.25   | 0.90%             | 2055-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC               | OBX Trust                                                                             | CUSIP: 673913AC3<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-MBS          | CORP              | US        |      815378 | PA      | $821707.09    | 0.15%             | 2064-10-25      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                            | HOMES 2025-AFC2 Trust                                                                 | CUSIP: 43761YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1426538 | PA      | $1436593.87   | 0.26%             | 2060-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                    | Avantor Funding, Inc.                                                                 | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1377120.50   | 0.25%             | 2028-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                       | T-Mobile USA, Inc.                                                                    | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      600000 | PA      | $595286.07    | 0.11%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL               | Cheplapharm Arzneimittel GmbH                                                         | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |      700000 | PA      | $681978.22    | 0.12%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust           | CSMC Trust                                                                            | CUSIP: 126401AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      583122 | PA      | $557494.01    | 0.10%             | 2065-05-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru         | Vista Point Securitization Trust                                                      | CUSIP: 92842DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      311548 | PA      | $313568.06    | 0.06%             | 2055-04-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                       | COLT Mortgage Loan Trust                                                              | CUSIP: 12674LAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      769784 | PA      | $774013.01    | 0.14%             | 2070-03-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus         | BRAVO Residential Funding Trust Series 2025-NQM8                                      | CUSIP: 10571JAC0<br>LEI: 254900Z6C8GAQR4M4U49 | Long             | ABS-MBS          | CORP              | US        |      489983 | PA      | $490166.59    | 0.09%             | 2065-06-25      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                        | CLI Funding IX LLC                                                                    | CUSIP: 12571WAG8<br>LEI: 2549008S2Z91ASJFZL83 | Long             | ABS-O            | CORP              | US        |     1072042 | PA      | $1086736.25   | 0.19%             | 2050-06-20      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                           | AGL CLO 42 Ltd.                                                                       | CUSIP: 00791YAE8<br>LEI: 254900AMSJHVKQ5QFA09 | Long             | ABS-O            | CORP              | KY        |     1000000 | PA      | $1003740.50   | 0.18%             | 2038-07-22      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                       | Enstar Group Ltd.                                                                     | CUSIP: 29359UAB5<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |     2700000 | PA      | $2725152.66   | 0.49%             | 2029-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust             | Verus Securitization Trust                                                            | CUSIP: 92538KAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1562961 | PA      | $1362579.70   | 0.24%             | 2066-09-25      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| BCC Middle Market CLO                  | BCC Middle Market CLO 2019-1 LLC                                                      | CUSIP: 05550GAU1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    10750000 | PA      | $10764598.50  | 1.93%             | 2036-07-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities          | GS Mortgage-Backed Securities Trust                                                   | CUSIP: 36259WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      200966 | PA      | $190539.52    | 0.03%             | 2060-09-27      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                       | LG Energy Solution Ltd.                                                               | CUSIP: 50205MAF6<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |     1000000 | PA      | $1018662.38   | 0.18%             | 2028-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triton Container Finance LLC           | Triton Container Finance VIII LLC                                                     | CUSIP: 89680HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4476875 | PA      | $4133752.97   | 0.74%             | 2046-03-20      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor         | JP Morgan Chase Commercial Mortgage Securities Trust                                  | CUSIP: 46654EAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2700000 | PA      | $2432664.36   | 0.44%             | 2038-06-15      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                   | Wingstop Funding LLC                                                                  | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1329750 | PA      | $1283742.25   | 0.23%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                  | Williams Scotsman, Inc.                                                               | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1376465.58   | 0.25%             | 2028-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust              | Towd Point Mortgage Trust                                                             | CUSIP: 89175VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      136657 | PA      | $135163.56    | 0.02%             | 2058-03-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                | BPCE S.A.                                                                             | CUSIP: 05571AAV7<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |     1800000 | PA      | $1861469.06   | 0.33%             | 2030-01-18      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Cerberus                               | Cerberus Loan Funding 51 LLC                                                          | CUSIP: 15675QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     5500000 | PA      | $5519092.70   | 0.99%             | 2037-10-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                | Nationwide Building Society                                                           | CUSIP: 63861VAM9<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |     2000000 | PA      | $2016340.88   | 0.36%             | 2029-07-14      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                        | CLI Funding VIII LLC                                                                  | CUSIP: 12565KAA5<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |     1633899 | PA      | $1509698.07   | 0.27%             | 2046-02-18      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM GROUP INC                    | TransDigm, Inc.                                                                       | CUSIP: N/A<br>LEI: 88Q84GB3X55CF5OC7582       | Long             | LON              | CORP              | US        |      350000 | PA      | $349580.00    | 0.06%             | 2030-03-22      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust               | BENCHMARK Mortgage Trust                                                              | CUSIP: 08162YAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    30157057 | PA      | $629643.16    | 0.11%             | 2062-12-15      | Variable      | 0.89%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust           | Credit Suisse Mortgage Capital Certificates                                           | CUSIP: 12658XAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      662846 | PA      | $659620.13    | 0.12%             | 2061-02-25      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust              | Towd Point Mortgage Trust                                                             | CUSIP: 89175JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      153960 | PA      | $151558.41    | 0.03%             | 2057-10-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| WHITEWATER WHISTLER HOLDINGS LLC       | Whitewater Whistler Holdings LLC                                                      | CUSIP: N/A<br>LEI: 549300FRGKJP12ZORL46       | Long             | LON              | CORP              | US        |      125000 | PA      | $124625.00    | 0.02%             | 2030-02-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC               | Microchip Technology, Inc.                                                            | CUSIP: 595017BK9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |     2200000 | PA      | $2232287.29   | 0.40%             | 2028-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                       | CIFC Funding Ltd.                                                                     | CUSIP: 12570LAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      500000 | PA      | $500760.00    | 0.09%             | 2035-04-17      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| GCAT                                   | GCAT 2025-NQM2 Trust                                                                  | CUSIP: 36171HAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1164286 | PA      | $1175307.27   | 0.21%             | 2070-04-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners                    | SG Residential Mortgage Trust                                                         | CUSIP: 78433QAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      382419 | PA      | $351101.90    | 0.06%             | 2062-03-27      | Variable      | 3.68%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC               | OBX Trust                                                                             | CUSIP: 67120VAB1<br>LEI: 2549006BC0G3YEF5SL09 | Long             | ABS-MBS          | CORP              | US        |      428393 | PA      | $431651.00    | 0.08%             | 2064-11-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                   | QTS Issuer ABS I LLC                                                                  | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1300000 | PA      | $1327751.23   | 0.24%             | 2055-05-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                            | HOMES Trust                                                                           | CUSIP: 437920AC5<br>LEI: 254900GDF2MBHUV58Z95 | Long             | ABS-MBS          | CORP              | US        |      851470 | PA      | $857833.17    | 0.15%             | 2059-10-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                               | BXMT Ltd.                                                                             | CUSIP: 12434LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      797918 | PA      | $794322.24    | 0.14%             | 2038-02-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| JCP Direct Lending CLO LLC             | JCP Direct Lending CLO 2023-1 LLC                                                     | CUSIP: 46656TAS5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |     2500000 | PA      | $2506269.75   | 0.45%             | 2037-07-20      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                      | Imperial Fund Mortgage Trust                                                          | CUSIP: 45276PAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     3491830 | PA      | $3297055.23   | 0.59%             | 2067-03-25      | Variable      | 4.02%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities          | GS Mortgage-Backed Securities Trust 2025-NQM3                                         | CUSIP: 36274TAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      772464 | PA      | $773290.69    | 0.14%             | 2065-11-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                             | Fannie Mae                                                                            | CUSIP: 3136BWZA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2683024 | PA      | $2716004.66   | 0.49%             | 2051-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VOC ESCROW LTD                         | VOC Escrow Ltd.                                                                       | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      650000 | PA      | $648231.61    | 0.12%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust           | CSMC Trust                                                                            | CUSIP: 12659FAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1273367 | PA      | $1124654.74   | 0.20%             | 2066-10-25      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL               | Eagle Funding Luxco SARL                                                              | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |      700000 | PA      | $710192.00    | 0.13%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential          | Starwood Mortgage Residential Trust                                                   | CUSIP: 85573AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       37383 | PA      | $35454.90     | 0.01%             | 2050-02-25      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA               | Compass Minerals International, Inc.                                                  | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |      550000 | PA      | $574847.35    | 0.10%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC            | Ares Direct Lending CLO 6 LLC                                                         | CUSIP: 039960AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1300000 | PA      | $1300000.00   | 0.23%             | 2037-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A         | Ginnie Mae                                                                            | CUSIP: 38381NQ50<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     2091290 | PA      | $2112776.82   | 0.38%             | 2052-03-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GLOBAL FUNDING               | Fortitude Global Funding                                                              | CUSIP: 34967GAA2<br>LEI: 635400TKBOGEHNO5RT68 | Long             | DBT              | CORP              | US        |     1750000 | PA      | $1751105.23   | 0.31%             | 2028-10-06      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JABIL INC                              | Jabil, Inc.                                                                           | CUSIP: 466313AL7<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |      650000 | PA      | $641281.11    | 0.11%             | 2026-04-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS               | Cheniere Energy Partners, LP                                                          | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1295835.91   | 0.23%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management            | RCKT Mortgage Trust                                                                   | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-MBS          | CORP              | US        |      712666 | PA      | $722437.78    | 0.13%             | 2055-05-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan          | New Residential Mortgage Loan Trust                                                   | CUSIP: 64828CAG4<br>LEI: 549300U1MV4J7YQZG974 | Long             | ABS-MBS          | CORP              | US        |      424515 | PA      | $405383.86    | 0.07%             | 2058-02-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                       | UWM Holdings LLC                                                                      | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      500000 | PA      | $497618.69    | 0.09%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                            | Freddie Mac                                                                           | CUSIP: 3137HMA67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1431367 | PA      | $1445106.88   | 0.26%             | 2053-04-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                  | CURRENCY CONTRACT - Rec USD / Deliver JPY                                             | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DFE              |  | US        | -3980000000 | NC      | $141586.02    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                       | NTT Finance Corp.                                                                     | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |     1350000 | PA      | $1363348.96   | 0.24%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus         | BRAVO Residential Funding Trust                                                       | CUSIP: 105925AC5<br>LEI: 254900RBHU9OC1RNXD92 | Long             | ABS-MBS          | CORP              | US        |      525625 | PA      | $529557.31    | 0.09%             | 2064-06-25      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC            | Ares Direct Lending CLO 6 LLC                                                         | CUSIP: 039960AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2500000 | PA      | $2500000.00   | 0.45%             | 2037-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust             | Verus Securitization Trust                                                            | CUSIP: 92539LAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      466147 | PA      | $409785.95    | 0.07%             | 2066-06-25      | Variable      | 1.44%                 | No            |                  2 | On Loan: No      |
| Eldridge CLO Ltd                       | Eldridge CLO 2025-1 Ltd.                                                              | CUSIP: 284913AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     5500000 | PA      | $5500000.00   | 0.99%             | 2038-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                     | F&G Global Funding                                                                    | CUSIP: 30321L2J0<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $2077416.76   | 0.37%             | 2030-01-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                | Starwood Property Trust, Inc.                                                         | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $1000289.61   | 0.18%             | 2028-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                            | Freddie Mac                                                                           | CUSIP: 3137HMCR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      976933 | PA      | $978263.88    | 0.18%             | 2052-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust            | Legacy Mortgage Asset Trust                                                           | CUSIP: 52475WAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2416136 | PA      | $2417517.14   | 0.43%             | 2060-11-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                            | HOMES 2025-AFC3 Trust                                                                 | CUSIP: 43762AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1600000 | PA      | $1593549.84   | 0.29%             | 2060-08-25      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Li         | Textainer Marine Containers VII Ltd.                                                  | CUSIP: 88315LAE8<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | US        |      393262 | PA      | $378323.49    | 0.07%             | 2045-08-21      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS               | Targa Resources Partners Limited Partnership / Targa Resources Partners Finance Corp. | CUSIP: 87612BBN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      500000 | PA      | $509342.05    | 0.09%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC               | Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.                            | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2650000 | PA      | $2595752.19   | 0.46%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                    | SkyMiles IP Ltd.                                                                      | CUSIP: N/A<br>LEI: 2549008L7P4I8VB90936       | Long             | LON              | CORP              | KY        |     1400000 | PA      | $1400182.00   | 0.25%             | 2028-10-20      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC             | J.P. Morgan Securities LLC                                                            | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        |     4996250 | PA      | $4996250.00   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                             | Fannie Mae                                                                            | CUSIP: 3136BWU38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2851678 | PA      | $2853310.13   | 0.51%             | 2054-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus         | BRAVO Residential Funding Trust                                                       | CUSIP: 10569PAA4<br>LEI: 254900AZU85EXAPTTF77 | Long             | ABS-MBS          | CORP              | US        |      928112 | PA      | $936734.57    | 0.17%             | 2055-02-25      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| OWS Structured Asset Trust             | OSAT Trust                                                                            | CUSIP: 67114HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     5202590 | PA      | $5204621.17   | 0.93%             | 2065-05-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| HLEND CLO LLC                          | Hlend CLO LLC                                                                         | CUSIP: 403961AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $500632.20    | 0.09%             | 2037-01-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd               | Neuberger Berman Loan Advisers CLO 47 Ltd.                                            | CUSIP: 64135DAL9<br>LEI: 549300JRWXK6DFJD7D06 | Long             | ABS-O            | CORP              | KY        |     1400000 | PA      | $1400000.00   | 0.25%             | 2035-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage          | Citigroup Commercial Mortgage Trust                                                   | CUSIP: 17328FBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    22831029 | PA      | $672001.66    | 0.12%             | 2056-08-10      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan          | New Residential Mortgage Loan Trust                                                   | CUSIP: 64830TAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      785851 | PA      | $740655.55    | 0.13%             | 2059-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust              | Towd Point Mortgage Trust 2025-FIX1                                                   | CUSIP: 89183MAA1<br>LEI: 2549009GWN99QN2XSG71 | Long             | ABS-MBS          | CORP              | US        |     1400000 | PA      | $1399283.20   | 0.25%             | 2045-07-25      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                             | Fannie Mae                                                                            | CUSIP: 3136BXGK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2735237 | PA      | $2713070.24   | 0.49%             | 2055-09-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd         | Golub Capital Partners CLO 16M-R3                                                     | CUSIP: 38181EAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      400000 | PA      | $400669.84    | 0.07%             | 2039-08-09      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                  | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |    -5000000 | OU      | $-94326.35    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                   | FS Rialto                                                                             | CUSIP: 30323CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     5500000 | PA      | $5489266.75   | 0.98%             | 2036-11-16      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora         | Chase Home Lending Mortgage Trust                                                     | CUSIP: 161935AE1<br>LEI: 529900V91KVGSU3Z1A61 | Long             | ABS-MBS          | CORP              | US        |     2001759 | PA      | $2013848.68   | 0.36%             | 2056-04-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A         | Government National Mortgage Association                                              | CUSIP: 38385CQG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |     1423173 | PA      | $1418129.33   | 0.25%             | 2055-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cerberus                               | Cerberus Loan Funding 50 LLC                                                          | CUSIP: 15673UAA5<br>LEI: 635400VJODJ5OZQ2H763 | Long             | ABS-O            | CORP              | US        |     1350000 | PA      | $1358884.89   | 0.24%             | 2037-07-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                  | Jane Street Group LLC                                                                 | CUSIP: N/A<br>LEI: 5493002N1IVX6KHGYO08       | Long             | LON              | CORP              | US        |     1138309 | PA      | $1128827.35   | 0.20%             | 2031-12-15      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                       | LPL Holdings, Inc.                                                                    | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1222624.02   | 0.22%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                 | Morgan Stanley Bank North America                                                     | CUSIP: 61690U7W4<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |     2400000 | PA      | $2446916.09   | 0.44%             | 2026-10-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                  | BofA Securities, Inc.                                                                 | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |     7994000 | PA      | $7994000.00   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Station Place Securitization T         | Station Place Securitization Trust Series 2025-SP2                                    | CUSIP: 857936AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2700000 | PA      | $2700000.00   | 0.48%             | 2026-09-25      | Floating      | 5.31%                 | No            |                  3 | On Loan: No      |
| Station Place Securitization T         | Station Place Securitization Trust                                                    | CUSIP: 85779EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      325000 | PA      | $325000.00    | 0.06%             | 2025-11-17      | Floating      | 5.45%                 | No            |                  3 | On Loan: No      |
| BXMT Ltd                               | BXMT Ltd.                                                                             | CUSIP: 12434LAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     2550000 | PA      | $2519472.42   | 0.45%             | 2038-02-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| THL Credit Lake Shore MM CLO I         | THL Credit Lake Shore MM CLO I Ltd.                                                   | CUSIP: 510800AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     1919118 | PA      | $1924866.59   | 0.34%             | 2033-04-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL                  | Pinnacle West Capital Corp.                                                           | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |      450000 | PA      | $457156.46    | 0.08%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Secu         | JPMDB Commercial Mortgage Securities Trust                                            | CUSIP: 46591ABC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    19698976 | PA      | $240676.18    | 0.04%             | 2051-06-15      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                 | Sequoia Mortgage Trust                                                                | CUSIP: 81743EAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1664593 | PA      | $1689993.17   | 0.30%             | 2055-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LL         | Domino's Pizza Master Issuer LLC                                                      | CUSIP: 25755TAK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     4254275 | PA      | $4243096.47   | 0.76%             | 2048-07-25      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management            | RCKT Mortgage Trust 2025-CES8                                                         | CUSIP: 74939WAA8<br>LEI: 254900FCN7EI8DTYGA19 | Long             | ABS-MBS          | CORP              | US        |      993865 | PA      | $999496.68    | 0.18%             | 2055-08-25      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES               | International Flavors & Fragrances, Inc.                                              | CUSIP: 459506AN1<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |      222000 | PA      | $222000.00    | 0.04%             | 2025-10-01      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                       | OWL Rock Clo XXI LLC                                                                  | CUSIP: 69120UAA1<br>LEI: 2549000CE1W4KBWC2X49 | Long             | ABS-O            | CORP              | US        |     2250000 | PA      | $2252841.53   | 0.40%             | 2034-07-24      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities          | GS Mortgage-Backed Securities Trust 2025-HE1                                          | CUSIP: 36272NAA2<br>LEI: 254900RIVK2GCJ08H839 | Long             | ABS-MBS          | CORP              | US        |     1581944 | PA      | $1586399.13   | 0.28%             | 2055-10-25      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC               | OBX 2025-NQM16 Trust                                                                  | CUSIP: 67122DAC7<br>LEI: 254900WI6P4MRT24JH23 | Long             | ABS-MBS          | CORP              | US        |     1350000 | PA      | $1349350.65   | 0.24%             | 2065-08-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                  | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   -12500000 | OU      | $-102681.75   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust             | Verus Securitization Trust                                                            | CUSIP: 92540TAA8<br>LEI: 213800JOKZMXZECMAB50 | Long             | ABS-MBS          | CORP              | US        |      903455 | PA      | $911743.31    | 0.16%             | 2070-01-25      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                   | Cross 2025-H1 Mortgage Trust                                                          | CUSIP: 22758NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1874350 | PA      | $1893457.35   | 0.34%             | 2070-02-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd               | Neuberger Berman CLO 32R Ltd.                                                         | CUSIP: 64135XAA9<br>LEI: 25490093SHVBS5BLDZ40 | Long             | ABS-O            | CORP              | KY        |      500000 | PA      | $500897.30    | 0.09%             | 2039-07-20      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust                   | LHOME Mortgage Trust                                                                  | CUSIP: 50205WAA5<br>LEI: 529900ZQNJ23BIJVY871 | Long             | ABS-MBS          | CORP              | US        |     1950000 | PA      | $1957551.18   | 0.35%             | 2039-09-25      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization T         | Station Place Securitization Trust                                                    | CUSIP: 857942AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      900000 | PA      | $900000.00    | 0.16%             | 2026-07-12      | Floating      | 5.87%                 | No            |                  3 | On Loan: No      |
| BRAVO Residential Funding Trus         | BRAVO Residential Funding Trust 2025-NQM7                                             | CUSIP: 10570TAP0<br>LEI: 254900I1LYOO3G3UAT10 | Long             | ABS-MBS          | CORP              | US        |     1267976 | PA      | $1277869.19   | 0.23%             | 2065-07-25      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                     | CNO Global Funding                                                                    | CUSIP: 18977W2G4<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |      450000 | PA      | $455814.09    | 0.08%             | 2027-12-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                            | Freddie Mac                                                                           | CUSIP: 3137HMEB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     2289694 | PA      | $2281617.40   | 0.41%             | 2051-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY INC                     | Meade Pipeline Co. LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      250000 | PA      | $249687.50    | 0.04%             | 2032-09-22      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                            | Freddie Mac                                                                           | CUSIP: 3137HJ6S1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1822774 | PA      | $1843265.95   | 0.33%             | 2051-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                       | Bank of Montreal                                                                      | CUSIP: N/A<br>LEI: NQQ6HPCNCCU6TUTQYE16       | Long             | RA               | CORP              | US        |      999250 | PA      | $999250.00    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                               | BX Commercial Mortgage Trust                                                          | CUSIP: 05610HAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1855000 | PA      | $1852681.25   | 0.33%             | 2039-02-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta         | Greystone CRE Notes 2025-FL4 LLC                                                      | CUSIP: 39810MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2250000 | PA      | $2250848.48   | 0.40%             | 2043-01-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                      | Newell Brands, Inc.                                                                   | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      950000 | PA      | $1004849.20   | 0.18%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                    | CDW LLC / CDW Finance Corp.                                                           | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     4300000 | PA      | $4218411.63   | 0.76%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T         | EFMT 2025-CES4                                                                        | CUSIP: 267954AA3<br>LEI: 254900UDLJF220C8I638 | Long             | ABS-MBS          | CORP              | US        |     1635304 | PA      | $1647771.34   | 0.30%             | 2060-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC               | Encore Capital Group, Inc.                                                            | CUSIP: 292554AS1<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |      250000 | PA      | $249272.48    | 0.04%             | 2031-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                       | OWL Rock Clo XXII LLC                                                                 | CUSIP: 69121AAA4<br>LEI: 254900R8KCHZBP66MP06 | Long             | ABS-O            | CORP              | US        |     2000000 | PA      | $2002785.80   | 0.36%             | 2037-10-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                       | Societe Generale S.A.                                                                 | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |     1300000 | PA      | $1317394.44   | 0.24%             | 2028-01-19      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| Cerberus                               | Cerberus Loan Funding 52 LLC                                                          | CUSIP: 15675MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2000000 | PA      | $2006941.40   | 0.36%             | 2037-10-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T         | Ellington Financial Mortgage Trust                                                    | CUSIP: 31573WAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      223681 | PA      | $210311.22    | 0.04%             | 2065-10-25      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                       | Owl Rock CLO IV Ltd.                                                                  | CUSIP: 691200AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     4500000 | PA      | $4520678.85   | 0.81%             | 2033-08-20      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust           | CSMC Trust                                                                            | CUSIP: 12598JAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1686885 | PA      | $1679097.31   | 0.30%             | 2061-07-27      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T         | Ellington Financial Mortgage Trust                                                    | CUSIP: 31573WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      128849 | PA      | $121359.67    | 0.02%             | 2065-10-25      | Variable      | 1.64%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                  | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |    -1000000 | OU      | $-833.42      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Li         | Textainer Marine Containers VII Ltd.                                                  | CUSIP: 88315LAL2<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |     1330000 | PA      | $1239131.21   | 0.22%             | 2046-02-20      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta         | Greystone Commercial Real Estate Notes                                                | CUSIP: 39809PAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     1000000 | PA      | $997216.20    | 0.18%             | 2039-07-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                  | Government of Japan                                                                   | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |  3980000000 | PA      | $26891951.62  | 4.82%             | 2025-12-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MILE Trust                             | MILE Trust 2025-STNE                                                                  | CUSIP: 59918AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1350000 | PA      | $1350421.88   | 0.24%             | 2042-07-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                       | Societe Generale S.A.                                                                 | CUSIP: 83368RCJ9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |     1200000 | PA      | $1208354.42   | 0.22%             | 2029-05-22      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust         | Morgan Stanley Capital I Trust                                                        | CUSIP: 61767YBA7<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |    33132814 | PA      | $579989.90    | 0.10%             | 2051-07-15      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust             | Verus Securitization Trust                                                            | CUSIP: 92540RAE4<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |      446044 | PA      | $448654.27    | 0.08%             | 2069-11-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Obligations C         | Dreyfus Treasury Obligations Cash Management Fund - Institutional Shares              | CUSIP: N/A<br>LEI: 549300MKKM9KT7BF6329       | Long             | STIV             | RF                | US        |    19868989 | NS      | $19868988.97  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                            | BNP Paribas                                                                           | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | RA               | CORP              | US        |     6994750 | PA      | $6994750.00   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd               | Madison Park Funding XLVIII Ltd.                                                      | CUSIP: 55821UAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     4000000 | PA      | $4002959.60   | 0.72%             | 2033-04-19      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC               | OBX Trust                                                                             | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-MBS          | CORP              | US        |      884219 | PA      | $891645.28    | 0.16%             | 2064-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust             | Verus Securitization Trust                                                            | CUSIP: 92540VAA3<br>LEI: 213800TTP1CNX4WER720 | Long             | ABS-MBS          | CORP              | US        |      916407 | PA      | $921300.85    | 0.17%             | 2070-03-25      | Variable      | 5.31%                 | No            |                  2 | On Loan: No      |
| BUCKEYE GP LLC                         | Buckeye Partners, LP                                                                  | CUSIP: N/A<br>LEI: 549300C1PQJLVEIUBK50       | Long             | LON              | CORP              | US        |      500000 | PA      | $500180.00    | 0.09%             | 2032-11-22      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc               | BRSP Ltd.                                                                             | CUSIP: 05591XAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     4250000 | PA      | $4239853.13   | 0.76%             | 2038-08-19      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust            | Legacy Mortgage Asset Trust                                                           | CUSIP: 52475XAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      732439 | PA      | $732352.21    | 0.13%             | 2067-07-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                     | CrossCountry Intermediate HoldCo LLC                                                  | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      500000 | PA      | $501839.85    | 0.09%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management            | RCKT Mortgage Trust 2025-CES7                                                         | CUSIP: 74943AAA0<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-MBS          | CORP              | US        |      488661 | PA      | $493129.61    | 0.09%             | 2055-07-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                  | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |    -9000000 | OU      | $-171515.43   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Soundview Home Equity Loan Tru         | Soundview Home Loan Trust                                                             | CUSIP: 83612CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      649653 | PA      | $633617.07    | 0.11%             | 2036-07-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                 | Sequoia Mortgage Trust                                                                | CUSIP: 81749YAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      464156 | PA      | $466556.54    | 0.08%             | 2055-07-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Merit                                  | MHP                                                                                   | CUSIP: 55293DAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1200000 | PA      | $1200000.00   | 0.21%             | 2039-01-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| ENVIRI CORP                            | Enviri Corp.                                                                          | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |      700000 | PA      | $694322.37    | 0.12%             | 2027-07-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg         | Saluda Grade Alternative Mortgage Trust 2025-LOC4                                     | CUSIP: 79589VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1256494 | PA      | $1258601.44   | 0.23%             | 2055-06-25      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| RWC Commercial Mortgage Securi         | RWC Commercial Mortgage 2025-1 Trust                                                  | CUSIP: 78348LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      500000 | PA      | $499362.65    | 0.09%             | 2040-06-25      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                       | Owl Rock CLO VII LLC                                                                  | CUSIP: 69121BAQ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1350000 | PA      | $1343250.00   | 0.24%             | 2038-04-20      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Triton Container Finance LLC           | Triton Container Finance IX LLC                                                       | CUSIP: 89679QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2639250 | PA      | $2671347.77   | 0.48%             | 2050-06-20      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Structured Asset Securities Co         | Structured Asset Securities Corporation Mortgage Loan Trust                           | CUSIP: 86365DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1181233 | PA      | $1148937.33   | 0.21%             | 2037-11-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan          | New Residential Mortgage Loan Trust                                                   | CUSIP: 64832CAC7<br>LEI: 2138002D8CMDYG7QOU84 | Long             | ABS-MBS          | CORP              | US        |      275257 | PA      | $277964.59    | 0.05%             | 2065-05-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                       | DT Midstream, Inc.                                                                    | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1268363.40   | 0.23%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust            | Legacy Mortgage Asset Trust                                                           | CUSIP: 52474XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2461134 | PA      | $2460926.11   | 0.44%             | 2061-07-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                            | HOMES 2025-NQM4 Trust                                                                 | CUSIP: 403958AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      746195 | PA      | $748982.98    | 0.13%             | 2070-08-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd               | Madison Park Funding LXV Ltd.                                                         | CUSIP: 55823FAF2<br>LEI: 213800EBRIAZSOKC7K58 | Long             | ABS-O            | CORP              | KY        |     2500000 | PA      | $2514775.50   | 0.45%             | 2038-07-16      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| BXHPP Trust                            | BXHPP Trust                                                                           | CUSIP: 05609JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1500000 | PA      | $1370326.80   | 0.25%             | 2036-08-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS               | Santander UK Group Holdings plc                                                       | CUSIP: 80281LAU9<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |     1300000 | PA      | $1314774.07   | 0.24%             | 2030-09-11      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                  | Athene Global Funding                                                                 | CUSIP: 04685A4R9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     1350000 | PA      | $1371587.58   | 0.25%             | 2030-07-17      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru         | Provident Funding Mortgage Trust 2025-4                                               | CUSIP: 74387AAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1350000 | PA      | $1349568.00   | 0.24%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                | NYMT Loan Trust 2025-CP1                                                              | CUSIP: 67121VAA2<br>LEI: 254900JF85A0S614L988 | Long             | ABS-MBS          | CORP              | US        |      930290 | PA      | $892181.80    | 0.16%             | 2069-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| LINCOLN FIN GLBL FUNDING               | Lincoln Financial Global Funding                                                      | CUSIP: 53359KAB7<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |      900000 | PA      | $909243.54    | 0.16%             | 2028-05-28      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC               | OBX Trust                                                                             | CUSIP: 67121LAA4<br>LEI: 254900NDJVO62R77II89 | Long             | ABS-MBS          | CORP              | US        |      484512 | PA      | $489398.52    | 0.09%             | 2065-05-25      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER                       | Triton Container International Ltd.                                                   | CUSIP: 89680YAA3<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |     2200000 | PA      | $2172319.56   | 0.39%             | 2026-04-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| AEGON FUNDING CO LLC                   | AEGON Funding Company LLC                                                             | CUSIP: 00775VAA2<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | DBT              | CORP              | US        |     3750000 | PA      | $3815586.86   | 0.68%             | 2027-04-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| iShares Core S&P 500 ETF               | iShares Core S&P 500 ETF                                                              | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |       38000 | NS      | $25433400.00  | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Verus Securitization Trust             | Verus Securitization Trust 2025-7                                                     | CUSIP: 924931AC2<br>LEI: 213800OVCAXDOBS94P47 | Long             | ABS-MBS          | CORP              | US        |      990576 | PA      | $993769.30    | 0.18%             | 2070-08-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                         | NRG Energy, Inc.                                                                      | CUSIP: 629377CL4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1289066.75   | 0.23%             | 2029-06-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust          | Life Mortgage Trust                                                                   | CUSIP: 53218CAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      261660 | PA      | $260514.87    | 0.05%             | 2038-03-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd         | Golub Capital Partners CLO 54M L.P                                                    | CUSIP: 38181GAA3<br>LEI: 2549007JA1TZWEDGPD41 | Long             | ABS-O            | CORP              | KY        |     5250000 | PA      | $5249912.85   | 0.94%             | 2037-08-05      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| WMRK Commercial Mortgage Trust         | WMRK Commercial Mortgage Trust                                                        | CUSIP: 929342AB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2100000 | PA      | $2105257.14   | 0.38%             | 2027-11-15      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                           | Barclays plc                                                                          | CUSIP: 06738EDD4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     1350000 | PA      | $1352384.79   | 0.24%             | 2029-11-11      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust          | Citigroup Mortgage Loan Trust, Inc.                                                   | CUSIP: 17330VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1108295 | PA      | $1111317.04   | 0.20%             | 2062-09-25      | Variable      | 9.17%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                            | FIGRE Trust                                                                           | CUSIP: 30191LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      429485 | PA      | $435622.73    | 0.08%             | 2055-01-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust                   | LHOME Mortgage Trust 2025-RTL3                                                        | CUSIP: 50205YAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      750000 | PA      | $751996.50    | 0.13%             | 2040-08-25      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd               | Madison Park Funding LIII Ltd.                                                        | CUSIP: 558189AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     1750000 | PA      | $1749807.85   | 0.31%             | 2035-04-21      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| LG CHEM LTD                            | LG Energy Solution Ltd.                                                               | CUSIP: N/A<br>LEI: 988400QX6P286XA6ZS85       | Long             | DBT              | CORP              | KR        |      450000 | PA      | $460495.49    | 0.08%             | 2029-07-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                | CF Hippolyta Issuer LLC                                                               | CUSIP: 12530MAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     2120507 | PA      | $1638132.37   | 0.29%             | 2061-03-15      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                          | Citigroup, Inc.                                                                       | CUSIP: 172967QG9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $1001250.00   | 0.18%             | 2031-09-11      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT               | Element Fleet Management Corp.                                                        | CUSIP: 286181AH5<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |     1200000 | PA      | $1215527.39   | 0.22%             | 2026-06-26      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC               | STORE Master Funding LLC                                                              | CUSIP: 86212FAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      800000 | PA      | $801303.51    | 0.14%             | 2055-10-20      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                 | Taco Bell Funding LLC                                                                 | CUSIP: 87342RAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     3193125 | PA      | $3083637.21   | 0.55%             | 2051-08-25      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                            | Freddie Mac                                                                           | CUSIP: 3137HMWT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1563421 | PA      | $1564283.25   | 0.28%             | 2052-03-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                   | OneMain Finance Corp.                                                                 | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     1150000 | PA      | $1123921.00   | 0.20%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                             | Fannie Mae                                                                            | CUSIP: 3136BWWS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2378467 | PA      | $2383078.27   | 0.43%             | 2053-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                 | Standard Chartered plc                                                                | CUSIP: 85325C2D3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |     1000000 | PA      | $1024336.94   | 0.18%             | 2029-01-21      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                             | Fannie Mae                                                                            | CUSIP: 3136BXHP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2715863 | PA      | $2721073.48   | 0.49%             | 2053-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                | HCA, Inc.                                                                             | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     2250000 | PA      | $2291406.03   | 0.41%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                      | HSBC Holdings plc                                                                     | CUSIP: 404280EM7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     2100000 | PA      | $2137436.15   | 0.38%             | 2028-11-19      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| GCAT                                   | GCAT Trust                                                                            | CUSIP: 36831DAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1185999 | PA      | $1206501.99   | 0.22%             | 2055-08-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                            | Freddie Mac                                                                           | CUSIP: 3137HMCN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    12337402 | PA      | $12351058.77  | 2.21%             | 2051-12-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                             | Fannie Mae                                                                            | CUSIP: 3136BWY91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1403989 | PA      | $1405554.01   | 0.25%             | 2052-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                         | CVR Energy, Inc.                                                                      | CUSIP: 12662PAD0<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |     1400000 | PA      | $1378477.10   | 0.25%             | 2028-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                      | NatWest Group plc                                                                     | CUSIP: 639057AU2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |      650000 | PA      | $652700.84    | 0.12%             | 2029-05-23      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International            | CURRENCY CONTRACT - Rec USD / Deliver ILS                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |   -91453753 | NC      | $-414074.86   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                           | Barclays plc                                                                          | CUSIP: 06738ECU7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |      850000 | PA      | $862634.44    | 0.15%             | 2030-09-10      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                            | FIGRE Trust                                                                           | CUSIP: 31684FAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      801725 | PA      | $810501.71    | 0.15%             | 2054-10-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                             | Fannie Mae                                                                            | CUSIP: 3136BWB21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2770685 | PA      | $2773929.76   | 0.50%             | 2051-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trus         | Residential Mortgage Loan Trust                                                       | CUSIP: 76119CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       50618 | PA      | $50206.95     | 0.01%             | 2060-01-26      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                  | SPDR S&P 500 ETF Trust                                                                | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DE               |  | CA        |      -40000 | NC      | $-325200.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                    | Silgan Holdings, Inc.                                                                 | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |     2350000 | PA      | $2313066.81   | 0.41%             | 2026-04-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                      | PRPM LLC                                                                              | CUSIP: 69395KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      714350 | PA      | $715092.11    | 0.13%             | 2028-08-25      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| HLEND CLO LLC                          | Hlend CLO LLC                                                                         | CUSIP: 43367AAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1050000 | PA      | $1046464.55   | 0.19%             | 2037-08-15      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus         | BRAVO Residential Funding Trust                                                       | CUSIP: 10570FAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1882468 | PA      | $1898052.58   | 0.34%             | 2063-12-01      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                | American National Group, Inc.                                                         | CUSIP: 025676AM9<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |     2150000 | PA      | $2167658.94   | 0.39%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                            | Freddie Mac                                                                           | CUSIP: 3137HMHR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     2647044 | PA      | $2650276.38   | 0.47%             | 2051-11-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust         | CFMT LLC                                                                              | CUSIP: 12530GAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1164874 | PA      | $1147487.59   | 0.21%             | 2037-09-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                               | BXMT Ltd.                                                                             | CUSIP: 05608XAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     2500000 | PA      | $2490781.50   | 0.45%             | 2037-11-15      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T         | STWD Ltd.                                                                             | CUSIP: 78486BAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     1000000 | PA      | $998646.60    | 0.18%             | 2038-04-18      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust              | Towd Point Mortgage Trust                                                             | CUSIP: 89190KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2495963 | PA      | $2510690.91   | 0.45%             | 2065-06-25      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                             | Fannie Mae                                                                            | CUSIP: 3136BWL61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1399349 | PA      | $1402140.57   | 0.25%             | 2053-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                             | Fannie Mae                                                                            | CUSIP: 3136BUPD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1786688 | PA      | $1804722.27   | 0.32%             | 2050-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd               | Madison Park Funding LXXI Ltd.                                                        | CUSIP: 55817DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      550000 | PA      | $549175.00    | 0.10%             | 2038-04-23      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                   | Cross 2025-H6 Mortgage Trust                                                          | CUSIP: 22758TAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1184477 | PA      | $1187549.79   | 0.21%             | 2070-07-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                | GA Global Funding Trust                                                               | CUSIP: 36143L2A2<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1289508.92   | 0.23%             | 2026-01-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                      | PRPM LLC                                                                              | CUSIP: 69392PAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1071093 | PA      | $1078473.77   | 0.19%             | 2055-07-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd         | Golub Capital Partners CLO 16M-R3                                                     | CUSIP: 38181EAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      900000 | PA      | $885345.57    | 0.16%             | 2039-08-09      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                            | FIGRE Trust 2025-PF2                                                                  | CUSIP: 316918AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1000000 | PA      | $999058.00    | 0.18%             | 2055-10-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                | NYMT Loan Trust 2025-INV2                                                             | CUSIP: 62957JAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     2500000 | PA      | $2497626.78   | 0.45%             | 2060-10-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Station Place Securitization T         | Station Place Securitization Trust                                                    | CUSIP: 85773HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      675000 | PA      | $675000.00    | 0.12%             | 2025-11-17      | Floating      | 5.45%                 | No            |                  3 | On Loan: No      |
| PEER HOLDING I BV                      | Peer Holding III BV                                                                   | CUSIP: N/A<br>LEI: 7245002S0K5Q59JCVQ03       | Long             | LON              | CORP              | NL        |      600000 | PA      | $600000.00    | 0.11%             | 2032-09-25      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                      | PRPM 2025-5 LLC                                                                       | CUSIP: 69392RAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      344589 | PA      | $344912.64    | 0.06%             | 2030-07-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Guggenheim Funds Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO