# EDGAR Filing Document

**Accession Number:** 0000816153
**File Stem:** 0001410368-26-015726
**Filing Date:** 2026-2
**Character Count:** 482122
**Document Hash:** 3991c2df988e3265e519bdb143ccf051
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-015726.hdr.sgml**: 20260220

**ACCESSION NUMBER**: 0001410368-26-015726

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260220

**DATE AS OF CHANGE**: 20260220

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THORNBURG INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000816153

**ORGANIZATION NAME:**
- **EIN:** 061158764
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05201
- **FILM NUMBER:** 26659402

**BUSINESS ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361
- **BUSINESS PHONE:** 5059840200

**MAIL ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** THORNBURG INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LIMITED TERM TRUST
- **DATE OF NAME CHANGE:** 19870816

## Series and Classes Contracts Data

### Thornburg Limited Term Income Fund (Series ID: S000011845)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000032357 | Thornburg Limited Term Income Fund - Class A  | THIFX           |
| C000032358 | Thornburg Limited Term Income Fund - Class C  | THICX           |
| C000032359 | Thornburg Limited Term Income Fund - Class I  | THIIX           |
| C000042668 | Thornburg Limited Term Income Fund - Class R3 | THIRX           |
| C000113848 | Thornburg Limited Term Income Fund - Class R5 | THRRX           |
| C000136849 | Thornburg Limited Term Income Fund - Class R4 | THRIX           |
| C000177478 | Thornburg Limited Term Income Fund - Class R6 | THRLX           |
| C000222325 | Thornburg Limited Term Income Fund - Class C2 | THIQX           |

## Nport-Ex

SCHEDULE OF INVESTMENTS

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  | **Preferred Stock — 0.6%** |  |  |
|  | &nbsp;&nbsp;**Financial Services — 0.6%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Capital Markets — 0.6%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Calamos Strategic Total Return Fund 6.24%, 9/9/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 370000 | &nbsp;&nbsp;$9342500 |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;Gabelli Dividend & Income Trust Series J, 4.50%, 3/26/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1162 | &nbsp;&nbsp;&nbsp;&nbsp; 28323750 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 37666250 |
|  | &nbsp;&nbsp;&nbsp;Total Preferred Stock (Cost $38,269,196) |  | &nbsp;&nbsp;&nbsp;&nbsp; 37666250 |
|  | **Asset Backed Securities — 12.9%** |  |  |
|  | &nbsp;&nbsp;**Auto Receivables — 3.6%** |  |  |
|  | &nbsp;&nbsp;&nbsp;ACM Auto Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-2A Class B, 9.85% due 6/20/2030 | &nbsp;&nbsp;$1767068 | &nbsp;&nbsp;&nbsp;&nbsp; 1784819 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1A Class B, 11.40% due 1/21/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 3045776 | &nbsp;&nbsp;&nbsp;&nbsp; 3073021 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-2A Class A, 6.06% due 2/20/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 671760 | &nbsp;&nbsp;&nbsp;&nbsp; 672114 |
|  | &nbsp;&nbsp;&nbsp;American Credit Acceptance Receivables Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1 Class C, 5.59% due 4/12/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 1730 | &nbsp;&nbsp;&nbsp;&nbsp; 1730 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-2 Class C, 6.24% due 4/12/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2890000 | &nbsp;&nbsp;&nbsp;&nbsp; 2913046 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Arivo Acceptance Auto Loan Receivables Trust, Series 2024-1A Class A, 6.46% due 4/17/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 761765 | &nbsp;&nbsp;&nbsp;&nbsp; 766437 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;AutoNation Finance Trust, Series 2025-1A Class A2, 4.72% due 4/10/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4560171 | &nbsp;&nbsp;&nbsp;&nbsp; 4570830 |
|  | &nbsp;&nbsp;&nbsp;BOF URSA VI Funding Trust I, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-CAR1 Class B, 6.029% due 10/27/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 837277 | &nbsp;&nbsp;&nbsp;&nbsp; 845647 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-CAR2 Class A2, 5.542% due 10/27/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1176723 | &nbsp;&nbsp;&nbsp;&nbsp; 1184261 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-CAR2 Class B, 6.029% due 10/27/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2634819 | &nbsp;&nbsp;&nbsp;&nbsp; 2654921 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;BOF VII AL Funding Trust I, Series 2023-CAR3 Class A2, 6.291% due 7/26/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3599776 | &nbsp;&nbsp;&nbsp;&nbsp; 3663516 |
|  | &nbsp;&nbsp;&nbsp;Carvana Auto Receivables Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-N1A Class E, 5.20% due 7/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2199015 | &nbsp;&nbsp;&nbsp;&nbsp; 2199252 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-N1 Class A2, 3.21% due 12/11/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 11278357 | &nbsp;&nbsp;&nbsp;&nbsp; 11202391 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-N4 Class A, 6.42% due 1/10/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1102578 | &nbsp;&nbsp;&nbsp;&nbsp; 1103172 |
|  | &nbsp;&nbsp;&nbsp;CPS Auto Receivables Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-A Class D, 2.84% due 4/16/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 490852 | &nbsp;&nbsp;&nbsp;&nbsp; 488865 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-C Class C, 5.28% due 4/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2475 | &nbsp;&nbsp;&nbsp;&nbsp; 2475 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-D Class B, 6.78% due 3/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1998553 | &nbsp;&nbsp;&nbsp;&nbsp; 2000454 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-B Class B, 6.04% due 10/16/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4317504 | &nbsp;&nbsp;&nbsp;&nbsp; 4339428 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-C Class A, 5.88% due 2/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 991033 | &nbsp;&nbsp;&nbsp;&nbsp; 992172 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;DT Auto Owner Trust, Series 2023-3A Class B, 6.07% due 3/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 854328 | &nbsp;&nbsp;&nbsp;&nbsp; 855457 |
|  | &nbsp;&nbsp;&nbsp;Exeter Automobile Receivables Trust, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-2A Class D, 4.56% due 7/17/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 10747979 | &nbsp;&nbsp;&nbsp;&nbsp; 10750824 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-4A Class D, 5.98% due 12/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 3066738 | &nbsp;&nbsp;&nbsp;&nbsp; 3089743 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-4A Class C, 6.51% due 8/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 3209146 | &nbsp;&nbsp;&nbsp;&nbsp; 3228319 |
|  | &nbsp;&nbsp;&nbsp;FHF Issuer Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-3A Class A2, 4.94% due 11/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 3441248 | &nbsp;&nbsp;&nbsp;&nbsp; 3449866 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-2A Class A1, 4.839% due 12/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8103327 | &nbsp;&nbsp;&nbsp;&nbsp; 8111614 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-2A Class A2, 5.75% due 5/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1266814 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;FHF Trust, Series 2023-1A Class A2, 6.57% due 6/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 791342 | &nbsp;&nbsp;&nbsp;&nbsp; 796185 |
|  | &nbsp;&nbsp;&nbsp;Flagship Credit Auto Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-4 Class E, 3.84% due 7/17/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 5858000 | &nbsp;&nbsp;&nbsp;&nbsp; 5802376 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1 Class C, 3.06% due 3/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1828773 | &nbsp;&nbsp;&nbsp;&nbsp; 1819026 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-2 Class B, 4.76% due 5/17/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 64484 | &nbsp;&nbsp;&nbsp;&nbsp; 64484 |
|  | &nbsp;&nbsp;&nbsp;GLS Auto Receivables Issuer Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-4A Class D, 2.48% due 10/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 10713709 | &nbsp;&nbsp;&nbsp;&nbsp; 10651863 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-2A Class D, 6.15% due 4/17/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 10715067 | &nbsp;&nbsp;&nbsp;&nbsp; 10803330 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-4A Class A2, 4.37% due 10/16/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 7604000 | &nbsp;&nbsp;&nbsp;&nbsp; 7614622 |
|  | &nbsp;&nbsp;&nbsp;Lendbuzz Securitization Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-2A Class A2, 7.09% due 10/16/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1283158 | &nbsp;&nbsp;&nbsp;&nbsp; 1297869 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-3A Class A2, 4.97% due 10/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 4361481 | &nbsp;&nbsp;&nbsp;&nbsp; 4373042 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Lobel Automobile Receivables Trust, Series 2023-2 Class B, 8.67% due 5/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 4026690 | &nbsp;&nbsp;&nbsp;&nbsp; 4049053 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;OneMain Direct Auto Receivables Trust, Series 2022-1A Class A1, 4.65% due 3/14/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 1459263 | &nbsp;&nbsp;&nbsp;&nbsp; 1460419 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Prestige Auto Receivables Trust, Series 2021-1A Class D, 2.08% due 2/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 5939246 | &nbsp;&nbsp;&nbsp;&nbsp; 5879026 |
|  | &nbsp;&nbsp;&nbsp;Research-Driven Pagaya Motor Asset Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-3A Class A, 7.13% due 1/26/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 5298655 | &nbsp;&nbsp;&nbsp;&nbsp; 5307682 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-4A Class A, 7.54% due 3/25/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 5487216 | &nbsp;&nbsp;&nbsp;&nbsp; 5498014 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-5A Class A2, 4.575% due 6/26/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 13102000 | &nbsp;&nbsp;&nbsp;&nbsp; 13098727 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Research-Driven Pagaya Motor Trust, Series 2025-6A Class A2, 4.705% due 8/25/2034 | &nbsp;&nbsp;$16850000 | &nbsp;&nbsp;$16858240 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;SAFCO Auto Receivables Trust, Series 2025-1A Class A, 5.46% due 9/10/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 9445198 | &nbsp;&nbsp;&nbsp;&nbsp; 9510479 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Santander Bank Auto Credit-Linked Notes, Series 2022-C Class F, 14.592% due 12/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3143932 | &nbsp;&nbsp;&nbsp;&nbsp; 3204776 |
|  | &nbsp;&nbsp;&nbsp;Santander Drive Auto Receivables Trust, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-7 Class B, 5.95% due 1/17/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 730630 | &nbsp;&nbsp;&nbsp;&nbsp; 731379 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-4 Class A2, 4.28% due 1/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 19248000 | &nbsp;&nbsp;&nbsp;&nbsp; 19288551 |
|  | &nbsp;&nbsp;&nbsp;Tricolor Auto Securitization Trust, |  |  |
| **<sup>c,d</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1A Class D, 8.56% due 7/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 597859 | &nbsp;&nbsp;&nbsp;&nbsp; 552704 |
| **<sup>c,d</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-2A Class A, 6.36% due 12/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1303957 | &nbsp;&nbsp;&nbsp;&nbsp; 1282648 |
| **<sup>c,d</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-3A Class A, 5.22% due 6/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1355586 | &nbsp;&nbsp;&nbsp;&nbsp; 1244449 |
|  | &nbsp;&nbsp;&nbsp;Veros Auto Receivables Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1 Class A, 6.28% due 11/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1628392 | &nbsp;&nbsp;&nbsp;&nbsp; 1634296 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1 Class A, 5.31% due 9/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 7015706 | &nbsp;&nbsp;&nbsp;&nbsp; 7047114 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Westlake Automobile Receivables Trust, Series 2022-2A Class D, 5.48% due 9/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 10081335 | &nbsp;&nbsp;&nbsp;&nbsp; 10114505 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 225196047 |
|  | &nbsp;&nbsp;**Credit Card — 0.5%** |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Brex Commercial Charge Card Master Trust, Series 2024-1 Class A1, 6.05% due 7/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 8627000 | &nbsp;&nbsp;&nbsp;&nbsp; 8653402 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Continental Finance Credit Card ABS Master Trust, Series 2024-A Class A, 5.78% due 12/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp;&nbsp; 10139739 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Mercury Financial Credit Card Master Trust, Series 2024-2A Class A, 6.56% due 7/20/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 9800000 | &nbsp;&nbsp;&nbsp;&nbsp; 9833270 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 28626411 |
|  | &nbsp;&nbsp;**Other Asset Backed — 6.2%** |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;ACHD Trust, Series 2025-DS1 Class A, 5.978% due 1/9/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 4135000 | &nbsp;&nbsp;&nbsp;&nbsp; 4136719 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Affirm Asset Securitization Trust, Series 2025-X2 Class A, 4.45% due 10/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 6899581 | &nbsp;&nbsp;&nbsp;&nbsp; 6907538 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;AMCR ABS Trust, Series 2024-A Class A, 6.26% due 8/18/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1401539 | &nbsp;&nbsp;&nbsp;&nbsp; 1403481 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;AMDR ABS Trust, Series 2025-1A Class A, 6.378% due 12/19/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 3246004 | &nbsp;&nbsp;&nbsp;&nbsp; 3251346 |
|  | &nbsp;&nbsp;&nbsp;Aqua Finance Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-AA Class A, 1.90% due 7/17/2046 | &nbsp;&nbsp;&nbsp;&nbsp; 5196705 | &nbsp;&nbsp;&nbsp;&nbsp; 4854940 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-AA Class C, 3.97% due 7/17/2046 | &nbsp;&nbsp;&nbsp;&nbsp; 4319694 | &nbsp;&nbsp;&nbsp;&nbsp; 4160340 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-A Class A, 1.54% due 7/17/2046 | &nbsp;&nbsp;&nbsp;&nbsp; 4271217 | &nbsp;&nbsp;&nbsp;&nbsp; 3923727 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Auxilior Term Funding LLC, Series 2023-1A Class A2, 6.18% due 12/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 604984 | &nbsp;&nbsp;&nbsp;&nbsp; 608415 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Crockett Partners Equipment Co. IIA LLC, Series 2024-1C Class A, 6.05% due 1/20/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 6050250 | &nbsp;&nbsp;&nbsp;&nbsp; 6156678 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Crossroads Asset Trust, Series 2025-A Class A2, 4.91% due 2/20/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 6936006 | &nbsp;&nbsp;&nbsp;&nbsp; 6992813 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;DailyPay Securitization Trust, Series 2025-1A Class A, 5.63% due 6/26/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 10075000 | &nbsp;&nbsp;&nbsp;&nbsp; 10132774 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;DataBank Issuer LLC, Series 2024-1A Class A2, 5.30% due 1/26/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 13300000 | &nbsp;&nbsp;&nbsp;&nbsp; 13256597 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Dext ABS LLC, Series 2023-2 Class A2, 6.56% due 5/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 801463 | &nbsp;&nbsp;&nbsp;&nbsp; 805694 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Diamond Infrastructure Funding LLC, Series 2021-1A Class A, 1.76% due 4/15/2049 | &nbsp;&nbsp;&nbsp;&nbsp; 36000000 | &nbsp;&nbsp;&nbsp;&nbsp; 34987518 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Diamond Issuer LLC, Series 2021-1A Class A, 2.305% due 11/20/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 27894000 | &nbsp;&nbsp;&nbsp;&nbsp; 26769141 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;ECAF I Ltd., Series 2015-1A Class A2, 4.947% due 6/15/2040 | &nbsp;&nbsp;&nbsp;&nbsp; 1259736 | &nbsp;&nbsp;&nbsp;&nbsp; 1168405 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;EverBright Solar Trust, Series 2024-A Class A, 6.43% due 6/22/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 7948715 | &nbsp;&nbsp;&nbsp;&nbsp; 7301860 |
|  | &nbsp;&nbsp;&nbsp;Foundation Finance Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A Class A, 1.27% due 5/15/2041 | &nbsp;&nbsp;&nbsp;&nbsp; 7092250 | &nbsp;&nbsp;&nbsp;&nbsp; 6705966 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-2A Class A, 2.19% due 1/15/2042 | &nbsp;&nbsp;&nbsp;&nbsp; 4903712 | &nbsp;&nbsp;&nbsp;&nbsp; 4663248 |
|  | &nbsp;&nbsp;&nbsp;FREED ABS Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1FP Class D, 3.35% due 3/19/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 156855 | &nbsp;&nbsp;&nbsp;&nbsp; 156775 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-3FP Class D, 7.36% due 8/20/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 2697709 | &nbsp;&nbsp;&nbsp;&nbsp; 2701158 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-4FP Class D, 7.40% due 12/18/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 435619 | &nbsp;&nbsp;&nbsp;&nbsp; 437365 |
|  | &nbsp;&nbsp;&nbsp;Goldman Home Improvement Trust Issuer Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-GRN2 Class A, 1.15% due 6/25/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 2361177 | &nbsp;&nbsp;&nbsp;&nbsp; 2320516 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-GRN1 Class A, 4.50% due 6/25/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 1752431 | &nbsp;&nbsp;&nbsp;&nbsp; 1754035 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Goodgreen Trust, Series 2021-1A Class A, 2.66% due 10/15/2056 | &nbsp;&nbsp;&nbsp;&nbsp; 13351746 | &nbsp;&nbsp;&nbsp;&nbsp; 11014285 |
|  | &nbsp;&nbsp;&nbsp;GoodLeap Sustainable Home Solutions Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-3CS Class A, 2.10% due 5/20/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 12309464 | &nbsp;&nbsp;&nbsp;&nbsp; 9417468 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-4GS Class A, 1.93% due 7/20/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 16165838 | &nbsp;&nbsp;&nbsp;&nbsp; 13388250 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-5CS Class A, 2.31% due 10/20/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 6728664 | &nbsp;&nbsp;&nbsp;&nbsp; 5608767 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Gracie Point International Funding LLC, Series 2023-2A Class A, 6.447% (SOFR90A + 2.25%) due 3/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 786851 | &nbsp;&nbsp;&nbsp;&nbsp; 787601 |
|  | &nbsp;&nbsp;&nbsp;GreenSky Home Improvement Issuer Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-2 Class A2, 5.25% due 10/27/2059 | &nbsp;&nbsp;&nbsp;&nbsp; 960018 | &nbsp;&nbsp;&nbsp;&nbsp; 963209 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-2A Class A2, 4.93% due 6/25/2060 | &nbsp;&nbsp;&nbsp;&nbsp; 6682667 | &nbsp;&nbsp;&nbsp;&nbsp; 6705605 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;GreenSky Home Improvement Trust, Series 2024-1 Class A2, 5.88% due 6/25/2059 | &nbsp;&nbsp;&nbsp;&nbsp; 1259592 | &nbsp;&nbsp;&nbsp;&nbsp; 1268243 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Harvest SBA Loan Trust, Series 2024-1 Class A, 6.25% (SOFR30A + 2.25%) due 12/25/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 4349167 | &nbsp;&nbsp;&nbsp;&nbsp; 4391248 |
|  | &nbsp;&nbsp;&nbsp;HERO Funding Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-1A Class A, 3.84% due 9/21/2040 | &nbsp;&nbsp;&nbsp;&nbsp; 1444605 | &nbsp;&nbsp;&nbsp;&nbsp; 1390850 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-2A Class A1, 3.28% due 9/20/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 321455 | &nbsp;&nbsp;&nbsp;&nbsp; 295584 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;Hilton Grand Vacations Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-AA Class A, 2.34% due 7/25/2033 | &nbsp;&nbsp;$1295223 | &nbsp;&nbsp;$1291155 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-AA Class A, 2.74% due 2/25/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 309400 | &nbsp;&nbsp;&nbsp;&nbsp; 304996 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;InStar Leasing III LLC, Series 2021-1A Class A, 2.30% due 2/15/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 8124792 | &nbsp;&nbsp;&nbsp;&nbsp; 7738357 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;LendingPoint Pass-Through Trust, Series 2022-ST3 Class A, 4.00% due 5/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 126743 | &nbsp;&nbsp;&nbsp;&nbsp; 126701 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Loanpal Solar Loan Ltd., Series 2021-1GS Class A, 2.29% due 1/20/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 17710316 | &nbsp;&nbsp;&nbsp;&nbsp; 14786760 |
|  | &nbsp;&nbsp;&nbsp;Marlette Funding Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1A Class C, 7.20% due 4/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 4193943 | &nbsp;&nbsp;&nbsp;&nbsp; 4204164 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-2A Class C, 6.96% due 6/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 940096 | &nbsp;&nbsp;&nbsp;&nbsp; 943879 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1A Class A, 4.75% due 7/16/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 4672740 | &nbsp;&nbsp;&nbsp;&nbsp; 4679656 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;MMP Capital LLC, Series 2025-A Class A, 5.36% due 12/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 3149671 | &nbsp;&nbsp;&nbsp;&nbsp; 3177343 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Momnt Technologies Trust, Series 2023-1A Class A, 6.92% due 3/20/2045 | &nbsp;&nbsp;&nbsp;&nbsp; 686156 | &nbsp;&nbsp;&nbsp;&nbsp; 689394 |
|  | &nbsp;&nbsp;&nbsp;Mosaic Solar Loan Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1A Class A, 4.37% due 12/21/2043 | &nbsp;&nbsp;&nbsp;&nbsp; 740345 | &nbsp;&nbsp;&nbsp;&nbsp; 706049 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1A Class A, 2.10% due 4/20/2046 | &nbsp;&nbsp;&nbsp;&nbsp; 2468984 | &nbsp;&nbsp;&nbsp;&nbsp; 2179980 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;NMEF Funding LLC, Series 2025-B Class A2, 4.64% due 1/18/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 5200000 | &nbsp;&nbsp;&nbsp;&nbsp; 5222700 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Oportun Funding Trust, Series 2024-3 Class A, 5.26% due 8/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 2093576 | &nbsp;&nbsp;&nbsp;&nbsp; 2094473 |
|  | &nbsp;&nbsp;&nbsp;Oportun Issuance Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-C Class A, 2.18% due 10/8/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 4982098 | &nbsp;&nbsp;&nbsp;&nbsp; 4906571 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-A Class A, 5.01% due 2/8/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 4335000 | &nbsp;&nbsp;&nbsp;&nbsp; 4338106 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Pagaya AI Debt Grantor Trust, Series 2024-10 Class ABC, 5.633% due 6/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3513586 | &nbsp;&nbsp;&nbsp;&nbsp; 3528726 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Pagaya AI Debt Trust, Series 2024-1 Class A, 6.66% due 7/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 577578 | &nbsp;&nbsp;&nbsp;&nbsp; 577985 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Pawnee Equipment Receivables LLC, Series 2021-1 Class D, 2.75% due 7/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 800357 | &nbsp;&nbsp;&nbsp;&nbsp; 799083 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;PowerPay Issuance Trust, Series 2024-1A Class A, 6.53% due 2/18/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 3839544 | &nbsp;&nbsp;&nbsp;&nbsp; 3938094 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Prosper Marketplace Issuance Trust, Series 2023-1A Class C, 8.29% due 7/16/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 3039856 | &nbsp;&nbsp;&nbsp;&nbsp; 3045014 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;RCKT Trust, Series 2025-1A Class A, 4.90% due 7/25/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 1918420 | &nbsp;&nbsp;&nbsp;&nbsp; 1928091 |
|  | &nbsp;&nbsp;&nbsp;Reach ABS Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-2A Class A, 5.88% due 7/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1609515 | &nbsp;&nbsp;&nbsp;&nbsp; 1618375 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1A Class A, 4.96% due 8/16/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 6432392 | &nbsp;&nbsp;&nbsp;&nbsp; 6453383 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-2A Class A, 4.93% due 8/18/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 5008507 | &nbsp;&nbsp;&nbsp;&nbsp; 5029928 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Retained Vantage Data Centers Issuer LLC, Series 2023-1A Class A2A, 5.00% due 9/15/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 12300000 | &nbsp;&nbsp;&nbsp;&nbsp; 12265238 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Service Experts Issuer LLC, Series 2021-1A Class A, 2.67% due 2/2/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 5021267 | &nbsp;&nbsp;&nbsp;&nbsp; 4929064 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;SoFi Consumer Loan Program Trust, Series 2025-2 Class A, 4.82% due 6/25/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2124383 | &nbsp;&nbsp;&nbsp;&nbsp; 2135048 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;SpringCastle America Funding LLC, Series 2020-AA Class A, 1.97% due 9/25/2037 | &nbsp;&nbsp;&nbsp;&nbsp; 8629009 | &nbsp;&nbsp;&nbsp;&nbsp; 8153336 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Stack Infrastructure Issuer LLC, Series 2021-1A Class A2, 1.877% due 3/26/2046 | &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp;&nbsp; 7448051 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Sunbit Asset Securitization Trust, Series 2025-1 Class A, 5.36% due 7/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 5500000 | &nbsp;&nbsp;&nbsp;&nbsp; 5553860 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Sunnova Hestia I Issuer LLC, Series 2023-GRID1 Class 1A, 5.75% due 12/20/2050 | &nbsp;&nbsp;&nbsp;&nbsp; 8556956 | &nbsp;&nbsp;&nbsp;&nbsp; 8734699 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Sunnova Hestia II Issuer LLC, Series 2024-GRID1 Class 1A, 5.63% due 7/20/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 8720977 | &nbsp;&nbsp;&nbsp;&nbsp; 8678909 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Tesla Sustainable Energy Trust, Series 2024-1A Class A2, 5.08% due 6/21/2050 | &nbsp;&nbsp;&nbsp;&nbsp; 6700465 | &nbsp;&nbsp;&nbsp;&nbsp; 6724895 |
|  | &nbsp;&nbsp;&nbsp;Upgrade Master Pass-Thru Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-ST4 Class A, 5.495% due 8/16/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 4495385 | &nbsp;&nbsp;&nbsp;&nbsp; 4519693 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-ST5 Class A, 4.794% due 9/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 4560176 | &nbsp;&nbsp;&nbsp;&nbsp; 4567558 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Upgrade Receivables Trust, Series 2024-1A Class A, 5.37% due 2/18/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 150027 | &nbsp;&nbsp;&nbsp;&nbsp; 150067 |
|  | &nbsp;&nbsp;&nbsp;Upstart Securitization Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-2 Class B, 7.92% due 6/20/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2419372 | &nbsp;&nbsp;&nbsp;&nbsp; 2431147 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-3 Class A, 6.90% due 10/20/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 756728 | &nbsp;&nbsp;&nbsp;&nbsp; 758163 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1 Class A, 5.33% due 11/20/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 4963533 | &nbsp;&nbsp;&nbsp;&nbsp; 4961120 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1 Class A, 5.45% due 4/20/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 4884715 | &nbsp;&nbsp;&nbsp;&nbsp; 4891318 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-2 Class A2, 5.22% due 6/20/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 6885567 | &nbsp;&nbsp;&nbsp;&nbsp; 6920086 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 388919374 |
|  | &nbsp;&nbsp;**Student Loan — 2.6%** |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Ascent Education Funding Trust, Series 2024-A Class A, 6.14% due 10/25/2050 | &nbsp;&nbsp;&nbsp;&nbsp; 6979837 | &nbsp;&nbsp;&nbsp;&nbsp; 7171932 |
|  | &nbsp;&nbsp;&nbsp;College Ave Student Loans LLC, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-A Class A1, 4.946% (TSFR1M + 1.21%) due 7/25/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 5182912 | &nbsp;&nbsp;&nbsp;&nbsp; 5175768 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-A Class A2, 1.60% due 7/25/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 1198559 | &nbsp;&nbsp;&nbsp;&nbsp; 1112822 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-C Class A1, 4.746% (TSFR1M + 1.01%) due 7/26/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 9481399 | &nbsp;&nbsp;&nbsp;&nbsp; 9394165 |
|  | &nbsp;&nbsp;&nbsp;Commonbond Student Loan Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 18-CGS Class A1, 3.87% due 2/25/2046 | &nbsp;&nbsp;&nbsp;&nbsp; 949852 | &nbsp;&nbsp;&nbsp;&nbsp; 926313 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1 Class A, 1.69% due 10/25/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 6468511 | &nbsp;&nbsp;&nbsp;&nbsp; 5966904 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-AGS Class A, 1.20% due 3/25/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 7527820 | &nbsp;&nbsp;&nbsp;&nbsp; 6445637 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-BGS Class A, 1.17% due 9/25/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 6758572 | &nbsp;&nbsp;&nbsp;&nbsp; 6311802 |
|  | &nbsp;&nbsp;&nbsp;MPOWER Education Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-A Class A, 6.78% due 7/22/2041 | &nbsp;&nbsp;&nbsp;&nbsp; 5668885 | &nbsp;&nbsp;&nbsp;&nbsp; 5948218 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-A Class A, 6.62% due 7/21/2042 | &nbsp;&nbsp;&nbsp;&nbsp; 6467717 | &nbsp;&nbsp;&nbsp;&nbsp; 6590403 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;Navient Private Education Refi Loan Trust, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-D Class A2B, 4.915% (TSFR1M + 1.16%) due 12/15/2059 | &nbsp;&nbsp;$4400055 | &nbsp;&nbsp;$4397621 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-A Class A, 0.84% due 5/15/2069 | &nbsp;&nbsp;&nbsp;&nbsp; 1718380 | &nbsp;&nbsp;&nbsp;&nbsp; 1579233 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-BA Class A, 4.16% due 10/15/2070 | &nbsp;&nbsp;&nbsp;&nbsp; 14195440 | &nbsp;&nbsp;&nbsp;&nbsp; 13902216 |
|  | &nbsp;&nbsp;&nbsp;Navient Student Loan Trust, |  |  |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-1 Class A3, 4.499% (SOFR30A + 0.62%) due 6/25/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2512297 | &nbsp;&nbsp;&nbsp;&nbsp; 2482841 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-BA Class A2B, 4.845% (TSFR1M + 1.09%) due 12/15/2059 | &nbsp;&nbsp;&nbsp;&nbsp; 539440 | &nbsp;&nbsp;&nbsp;&nbsp; 538525 |
|  | &nbsp;&nbsp;&nbsp;Nelnet Student Loan Trust, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-1A Class A, 4.589% (SOFR30A + 0.71%) due 6/25/2041 | &nbsp;&nbsp;&nbsp;&nbsp; 1581577 | &nbsp;&nbsp;&nbsp;&nbsp; 1549906 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-2A Class A2, 4.589% (SOFR30A + 0.71%) due 9/25/2042 | &nbsp;&nbsp;&nbsp;&nbsp; 12154005 | &nbsp;&nbsp;&nbsp;&nbsp; 11809815 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-3A Class A2, 4.589% (SOFR30A + 0.71%) due 2/27/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 409209 | &nbsp;&nbsp;&nbsp;&nbsp; 407926 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-CA Class AFL, 4.588% (TSFR1M + 0.85%) due 4/20/2062 | &nbsp;&nbsp;&nbsp;&nbsp; 6058538 | &nbsp;&nbsp;&nbsp;&nbsp; 6009693 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-CA Class AFX, 1.32% due 4/20/2062 | &nbsp;&nbsp;&nbsp;&nbsp; 4575133 | &nbsp;&nbsp;&nbsp;&nbsp; 4312583 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-DA Class AFL, 4.538% (TSFR1M + 0.80%) due 4/20/2062 | &nbsp;&nbsp;&nbsp;&nbsp; 8528102 | &nbsp;&nbsp;&nbsp;&nbsp; 8458015 |
| **<sup>b,c,e</sup>** | &nbsp;&nbsp;&nbsp;Prodigy Finance DAC, Series 2021-1A Class A, 5.092% (TSFR1M + 1.36%) due 7/25/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 798467 | &nbsp;&nbsp;&nbsp;&nbsp; 798838 |
|  | &nbsp;&nbsp;&nbsp;SLM Student Loan Trust, |  |  |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2011-2 Class A2, 5.189% (SOFR30A + 1.31%) due 10/25/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 4411149 | &nbsp;&nbsp;&nbsp;&nbsp; 4430686 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-6 Class A3, 4.639% (SOFR30A + 0.76%) due 6/26/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 16247148 | &nbsp;&nbsp;&nbsp;&nbsp; 16102256 |
|  | &nbsp;&nbsp;&nbsp;SMB Private Education Loan Trust, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-B Class A2B, 4.615% (TSFR1M + 0.86%) due 10/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 69933 | &nbsp;&nbsp;&nbsp;&nbsp; 69882 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-A Class A2A, 2.23% due 9/15/2037 | &nbsp;&nbsp;&nbsp;&nbsp; 2323120 | &nbsp;&nbsp;&nbsp;&nbsp; 2259765 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-PTB Class A2A, 1.60% due 9/15/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 1489394 | &nbsp;&nbsp;&nbsp;&nbsp; 1412328 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-D Class A1B, 4.465% (TSFR1M + 0.71%) due 3/17/2053 | &nbsp;&nbsp;&nbsp;&nbsp; 3689737 | &nbsp;&nbsp;&nbsp;&nbsp; 3656386 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-E Class A1B, 4.495% (TSFR1M + 0.74%) due 2/15/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 10901269 | &nbsp;&nbsp;&nbsp;&nbsp; 10804186 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;SoFi Alternative Trust, Series 2019-C Class PT, 5.68% due 1/25/2045 | &nbsp;&nbsp;&nbsp;&nbsp; 9213874 | &nbsp;&nbsp;&nbsp;&nbsp; 9155937 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Towd Point Asset Trust, Series 2021-SL1 Class A2, 4.548% (TSFR1M + 0.81%) due 11/20/2061 | &nbsp;&nbsp;&nbsp;&nbsp; 1797341 | &nbsp;&nbsp;&nbsp;&nbsp; 1796323 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 160978925 |
|  | &nbsp;&nbsp;&nbsp;Total Asset Backed Securities (Cost $817,560,377) |  | &nbsp;&nbsp;&nbsp;&nbsp; 803720757 |
|  | **Corporate Bonds — 34.2%** |  |  |
|  | &nbsp;&nbsp;**Automobiles & Components — 0.8%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Automobiles — 0.8%** |  |  |
|  | &nbsp;&nbsp;&nbsp;American Honda Finance Corp., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.25% due 9/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 9883000 | &nbsp;&nbsp;&nbsp;&nbsp; 9937752 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.352% (SOFR + 0.62%) due 12/11/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 13942000 | &nbsp;&nbsp;&nbsp;&nbsp; 13956918 |
|  | &nbsp;&nbsp;&nbsp;Hyundai Capital America, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;3.00% due 2/10/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1455000 | &nbsp;&nbsp;&nbsp;&nbsp; 1438137 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.85% due 3/25/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5042900 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.30% due 3/19/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2028120 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.45% due 6/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4100000 | &nbsp;&nbsp;&nbsp;&nbsp; 4124272 |
|  | &nbsp;&nbsp;&nbsp;Volkswagen Group of America Finance LLC, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.45% due 9/11/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2143000 | &nbsp;&nbsp;&nbsp;&nbsp; 2151250 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.05% due 3/27/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 7926000 | &nbsp;&nbsp;&nbsp;&nbsp; 8044256 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 46723605 |
|  | &nbsp;&nbsp;**Banks — 0.4%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Banks — 0.4%** |  |  |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;Morgan Stanley Bank NA, 5.016% (SOFR + 0.91%) due 1/12/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 3740000 | &nbsp;&nbsp;&nbsp;&nbsp; 3809975 |
| **<sup>b,c,e</sup>** | &nbsp;&nbsp;&nbsp;NBK SPC Ltd., 1.625% (SOFR + 1.05%) due 9/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 16283000 | &nbsp;&nbsp;&nbsp;&nbsp; 15972809 |
|  | &nbsp;&nbsp;&nbsp;Santander Holdings USA, Inc., 3.244% due 10/5/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4023000 | &nbsp;&nbsp;&nbsp;&nbsp; 3998460 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;Wells Fargo & Co., 4.808% (SOFR + 1.98%) due 7/25/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 3448000 | &nbsp;&nbsp;&nbsp;&nbsp; 3485893 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 27267137 |
|  | &nbsp;&nbsp;**Capital Goods — 0.2%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Aerospace & Defense — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Northrop Grumman Systems Corp., 7.875% due 3/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2989000 | &nbsp;&nbsp;&nbsp;&nbsp; 3002540 |
|  | &nbsp;&nbsp;&nbsp;**Machinery — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Regal Rexnord Corp., 6.05% due 2/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 7849000 | &nbsp;&nbsp;&nbsp;&nbsp; 7862187 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10864727 |
|  | &nbsp;&nbsp;**Commercial & Professional Services — 0.7%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Commercial Services & Supplies — 0.7%** |  |  |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;Element Fleet Management Corp., |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.643% due 3/13/2027 | &nbsp;&nbsp;$4400000 | &nbsp;&nbsp;$4474008 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;6.271% due 6/26/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 11400000 | &nbsp;&nbsp;&nbsp;&nbsp; 11498040 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;6.319% due 12/4/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 3422000 | &nbsp;&nbsp;&nbsp;&nbsp; 3609183 |
|  | &nbsp;&nbsp;&nbsp;Quanta Services, Inc., 4.75% due 8/9/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3544520 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Rentokil Terminix Funding LLC, 5.00% due 4/28/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 9120000 | &nbsp;&nbsp;&nbsp;&nbsp; 9279418 |
|  | &nbsp;&nbsp;&nbsp;UL Solutions, Inc., 6.50% due 10/20/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 12800000 | &nbsp;&nbsp;&nbsp;&nbsp; 13521536 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 45926705 |
|  | &nbsp;&nbsp;**Consumer Discretionary Distribution & Retail — 0.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Internet Software & Services — 0.2%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Amazon.com, Inc., 4.10% due 11/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 9713000 | &nbsp;&nbsp;&nbsp;&nbsp; 9723199 |
|  | &nbsp;&nbsp;&nbsp;**Specialty Retail — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Ferguson Enterprises, Inc., 4.35% due 3/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp;&nbsp; 7473675 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 17196874 |
|  | &nbsp;&nbsp;**Consumer Services — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Hotels, Restaurants & Leisure — 0.1%** |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Sodexo, Inc., Series 2023-2 Class B, 5.15% due 8/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4099840 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4099840 |
|  | &nbsp;&nbsp;**Energy — 2.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Oil, Gas & Consumable Fuels — 2.1%** |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Colorado Interstate Gas Co. LLC/Colorado Interstate Issuing Corp., 4.15% due 8/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 9092000 | &nbsp;&nbsp;&nbsp;&nbsp; 9081544 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;El Paso Natural Gas Co. LLC, 3.50% due 2/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 4068000 | &nbsp;&nbsp;&nbsp;&nbsp; 3774006 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Energy Transfer LP, 5.625% due 5/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 3741000 | &nbsp;&nbsp;&nbsp;&nbsp; 3742384 |
|  | &nbsp;&nbsp;&nbsp;Galaxy Pipeline Assets Bidco Ltd., |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.75% due 9/30/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 6636858 | &nbsp;&nbsp;&nbsp;&nbsp; 6475118 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;2.16% due 3/31/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 17584629 | &nbsp;&nbsp;&nbsp;&nbsp; 15930443 |
| **<sup>c,d,e,f</sup>** | &nbsp;&nbsp;&nbsp;Gazprom PJSC via Gaz Finance plc, 3.50% due 7/14/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 32475000 | &nbsp;&nbsp;&nbsp;&nbsp; 19958810 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Gray Oak Pipeline LLC, 3.45% due 10/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 12955000 | &nbsp;&nbsp;&nbsp;&nbsp; 12802390 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;Greensaif Pipelines Bidco SARL, 5.853% due 2/23/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 4160000 | &nbsp;&nbsp;&nbsp;&nbsp; 4350528 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Midwest Connector Capital Co. LLC, 4.625% due 4/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 13090000 | &nbsp;&nbsp;&nbsp;&nbsp; 13093927 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;SA Global Sukuk Ltd., 4.25% due 10/2/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 24040000 | &nbsp;&nbsp;&nbsp;&nbsp; 23907299 |
|  | &nbsp;&nbsp;&nbsp;South Bow USA Infrastructure Holdings LLC, 4.911% due 9/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2017080 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;TMS Issuer SARL, 5.78% due 8/23/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 10700000 | &nbsp;&nbsp;&nbsp;&nbsp; 11144371 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Whistler Pipeline LLC, 5.40% due 9/30/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 6985000 | &nbsp;&nbsp;&nbsp;&nbsp; 7198113 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 133476013 |
|  | &nbsp;&nbsp;**Equity Real Estate Investment Trusts (REITs) — 1.5%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Diversified REITs — 1.5%** |  |  |
|  | &nbsp;&nbsp;&nbsp;American Tower Corp., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.70% due 12/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2497000 | &nbsp;&nbsp;&nbsp;&nbsp; 2501470 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.90% due 3/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 3235000 | &nbsp;&nbsp;&nbsp;&nbsp; 3304067 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;American Tower Trust #1, 3.652% due 3/15/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 8015000 | &nbsp;&nbsp;&nbsp;&nbsp; 7935373 |
|  | &nbsp;&nbsp;&nbsp;Crown Castle, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;2.90% due 3/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp;&nbsp; 2710427 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.90% due 9/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 6181000 | &nbsp;&nbsp;&nbsp;&nbsp; 6273159 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.225% due 1/21/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8453000 | &nbsp;&nbsp;&nbsp;&nbsp; 8433511 |
|  | &nbsp;&nbsp;&nbsp;Digital Realty Trust LP, 5.55% due 1/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 434000 | &nbsp;&nbsp;&nbsp;&nbsp; 446022 |
|  | &nbsp;&nbsp;&nbsp;Realty Income Corp., 5.05% due 1/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6146000 | &nbsp;&nbsp;&nbsp;&nbsp; 6147352 |
|  | &nbsp;&nbsp;&nbsp;SBA Tower Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.631% due 5/15/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 26585000 | &nbsp;&nbsp;&nbsp;&nbsp; 26010525 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.84% due 4/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 8140000 | &nbsp;&nbsp;&nbsp;&nbsp; 7885605 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.831% due 10/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 6480000 | &nbsp;&nbsp;&nbsp;&nbsp; 6520397 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;6.599% due 11/15/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 7950000 | &nbsp;&nbsp;&nbsp;&nbsp; 8140566 |
|  | &nbsp;&nbsp;&nbsp;Vornado Realty LP, 2.15% due 6/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6893000 | &nbsp;&nbsp;&nbsp;&nbsp; 6813799 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 93122273 |
|  | &nbsp;&nbsp;**Financial Services — 4.7%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Capital Markets — 2.1%** |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;Abu Dhabi Developmental Holding Co. PJSC, 5.375% due 5/8/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 15500000 | &nbsp;&nbsp;&nbsp;&nbsp; 16050870 |
|  | &nbsp;&nbsp;&nbsp;Ares Capital Corp., 2.15% due 7/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3250000 | &nbsp;&nbsp;&nbsp;&nbsp; 3210805 |
|  | &nbsp;&nbsp;&nbsp;Blue Owl Credit Income Corp., 3.125% due 9/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 19056000 | &nbsp;&nbsp;&nbsp;&nbsp; 18840667 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Blue Owl Technology Finance Corp., 3.75% due 6/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 12276000 | &nbsp;&nbsp;&nbsp;&nbsp; 12202467 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;Brookfield Asset Management Ltd., |  |  |
| **<sup>e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.653% due 11/15/2030 | &nbsp;&nbsp;$9500000 | &nbsp;&nbsp;$9572485 |
| **<sup>e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.795% due 4/24/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 5250000 | &nbsp;&nbsp;&nbsp;&nbsp; 5490240 |
|  | &nbsp;&nbsp;&nbsp;Hercules Capital, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;2.625% due 9/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 14120000 | &nbsp;&nbsp;&nbsp;&nbsp; 13915684 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;3.375% due 1/20/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 7458000 | &nbsp;&nbsp;&nbsp;&nbsp; 7352022 |
|  | &nbsp;&nbsp;&nbsp;LPL Holdings, Inc., |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.375% due 5/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 6885000 | &nbsp;&nbsp;&nbsp;&nbsp; 6693803 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.90% due 4/3/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 9457000 | &nbsp;&nbsp;&nbsp;&nbsp; 9594316 |
|  | &nbsp;&nbsp;&nbsp;Main Street Capital Corp., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;3.00% due 7/14/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 14195000 | &nbsp;&nbsp;&nbsp;&nbsp; 14072781 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.40% due 8/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp;&nbsp; 4518495 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;6.50% due 6/4/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3063990 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Voya Global Funding, 4.60% due 11/24/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 4760000 | &nbsp;&nbsp;&nbsp;&nbsp; 4782562 |
|  | &nbsp;&nbsp;&nbsp;**Commercial Services & Supplies — 0.2%** |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;Transurban Finance Co. Pty. Ltd., 4.924% due 3/24/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 14225000 | &nbsp;&nbsp;&nbsp;&nbsp; 14093988 |
|  | &nbsp;&nbsp;&nbsp;**Consumer Finance — 0.1%** |  |  |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;U.S. Bank NA, 4.73% (SOFR + 0.91%) due 5/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 6750000 | &nbsp;&nbsp;&nbsp;&nbsp; 6816623 |
|  | &nbsp;&nbsp;&nbsp;**Financial Services — 2.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Antares Holdings LP, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;2.75% due 1/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 7360000 | &nbsp;&nbsp;&nbsp;&nbsp; 7191603 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;3.95% due 7/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 14391000 | &nbsp;&nbsp;&nbsp;&nbsp; 14325953 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;Bank of America Corp., 4.948% (SOFR + 2.04%) due 7/22/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 6007000 | &nbsp;&nbsp;&nbsp;&nbsp; 6091098 |
| **<sup>b,e</sup>** | &nbsp;&nbsp;&nbsp;Barclays plc, 4.476% (SOFR + 1.08%) due 11/11/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7037940 |
| **<sup>b,c,e</sup>** | &nbsp;&nbsp;&nbsp;BNP Paribas SA, 2.591% (SOFR + 1.23%) due 1/20/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 3650000 | &nbsp;&nbsp;&nbsp;&nbsp; 3590249 |
|  | &nbsp;&nbsp;&nbsp;Citigroup, Inc., |  |  |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.122% (SOFR + 0.77%) due 1/28/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1332000 | &nbsp;&nbsp;&nbsp;&nbsp; 1328883 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.462% (SOFR + 0.77%) due 6/9/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 7328000 | &nbsp;&nbsp;&nbsp;&nbsp; 7241896 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;3.40% due 5/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2425000 | &nbsp;&nbsp;&nbsp;&nbsp; 2419811 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.952% (SOFR + 1.46%) due 5/7/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 5912000 | &nbsp;&nbsp;&nbsp;&nbsp; 6036152 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1A Class A, 4.643% (SOFR + 1.14%) due 5/7/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4625000 | &nbsp;&nbsp;&nbsp;&nbsp; 4662370 |
| **<sup>b,e</sup>** | &nbsp;&nbsp;&nbsp;Deutsche Bank AG, 2.552% (SOFR + 1.32%) due 1/7/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4940000 | &nbsp;&nbsp;&nbsp;&nbsp; 4859231 |
|  | &nbsp;&nbsp;&nbsp;Goldman Sachs Group, Inc., |  |  |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.55% (SOFR + 0.82%) due 9/10/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 10881000 | &nbsp;&nbsp;&nbsp;&nbsp; 10899607 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.937% (SOFR + 1.32%) due 4/23/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp;&nbsp;&nbsp; 1820538 |
|  | &nbsp;&nbsp;&nbsp;HSBC Holdings plc, |  |  |
| **<sup>b,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.583% (TSFR3M + 1.80%) due 6/19/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3027150 |
| **<sup>b,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.286% (SOFR + 1.29%) due 11/19/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 6100000 | &nbsp;&nbsp;&nbsp;&nbsp; 6292882 |
| **<sup>b,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.887% (SOFR + 1.57%) due 8/14/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 6500000 | &nbsp;&nbsp;&nbsp;&nbsp; 6568640 |
|  | &nbsp;&nbsp;&nbsp;JPMorgan Chase & Co., |  |  |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.04% (TSFR3M + 0.70%) due 2/4/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 4690000 | &nbsp;&nbsp;&nbsp;&nbsp; 4676633 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;3.54% (TSFR3M + 1.64%) due 5/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 3040000 | &nbsp;&nbsp;&nbsp;&nbsp; 3023037 |
| **<sup>b,e</sup>** | &nbsp;&nbsp;&nbsp;Mitsubishi UFJ Financial Group, Inc., 5.017% (H15T1Y + 1.95%) due 7/20/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 3285000 | &nbsp;&nbsp;&nbsp;&nbsp; 3332862 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;Morgan Stanley, Series . 4.994% (SOFR + 1.38%) due 4/12/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 3788000 | &nbsp;&nbsp;&nbsp;&nbsp; 3863419 |
| **<sup>b,c,e</sup>** | &nbsp;&nbsp;&nbsp;Societe Generale SA, 6.446% (H15T1Y + 2.55%) due 1/10/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 4933000 | &nbsp;&nbsp;&nbsp;&nbsp; 5129580 |
| **<sup>e</sup>** | &nbsp;&nbsp;&nbsp;Sumitomo Mitsui Financial Group, Inc., 3.04% due 7/16/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 11650000 | &nbsp;&nbsp;&nbsp;&nbsp; 11192388 |
| **<sup>b,c,e</sup>** | &nbsp;&nbsp;&nbsp;UBS Group AG, 1.494% (H15T1Y + 0.85%) due 8/10/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 7121000 | &nbsp;&nbsp;&nbsp;&nbsp; 7004999 |
|  | &nbsp;&nbsp;&nbsp;**Mortgage Real Estate Investment Trusts — 0.2%** |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Lineage OP LP, 5.25% due 7/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 9424000 | &nbsp;&nbsp;&nbsp;&nbsp; 9511172 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 291399891 |
|  | &nbsp;&nbsp;**Food, Beverage & Tobacco — 1.7%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Beverages — 0.7%** |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;Becle SAB de CV, 2.50% due 10/14/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 28038000 | &nbsp;&nbsp;&nbsp;&nbsp; 24323526 |
|  | &nbsp;&nbsp;&nbsp;Huntington Ingalls Industries, Inc., 3.483% due 12/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2640000 | &nbsp;&nbsp;&nbsp;&nbsp; 2611805 |
|  | &nbsp;&nbsp;&nbsp;Keurig Dr. Pepper, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.35% due 5/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 5750000 | &nbsp;&nbsp;&nbsp;&nbsp; 5766100 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.60% due 5/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 8757000 | &nbsp;&nbsp;&nbsp;&nbsp; 8804725 |
|  | &nbsp;&nbsp;&nbsp;**Food Products — 0.4%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Flowers Foods, Inc., 5.75% due 3/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 15293000 | &nbsp;&nbsp;&nbsp;&nbsp; 15342702 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Mars, Inc., 4.80% due 3/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 12829000 | &nbsp;&nbsp;&nbsp;&nbsp; 13108031 |
|  | &nbsp;&nbsp;&nbsp;**Tobacco — 0.6%** |  |  |
|  | &nbsp;&nbsp;&nbsp;BAT Capital Corp., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;3.215% due 9/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 11382000 | &nbsp;&nbsp;&nbsp;&nbsp; 11315074 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.625% due 3/22/2033 | &nbsp;&nbsp;$1800000 | &nbsp;&nbsp;$1787598 |
|  | &nbsp;&nbsp;&nbsp;Imperial Brands Finance plc, |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;3.50% due 7/26/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp;&nbsp; 229059 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.50% due 6/30/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5040350 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.50% due 2/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 16500000 | &nbsp;&nbsp;&nbsp;&nbsp; 17091690 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 105420660 |
|  | &nbsp;&nbsp;**Health Care Equipment & Services — 1.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Health Care Equipment & Supplies — 0.3%** |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;Olympus Corp., 2.143% due 12/8/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 14061000 | &nbsp;&nbsp;&nbsp;&nbsp; 13803543 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;VSP Optical Group, Inc., 5.45% due 12/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 1676000 | &nbsp;&nbsp;&nbsp;&nbsp; 1687950 |
|  | &nbsp;&nbsp;&nbsp;**Health Care Providers & Services — 0.6%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Centene Corp., 4.625% due 12/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 4906000 | &nbsp;&nbsp;&nbsp;&nbsp; 4757299 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Highmark, Inc., 1.45% due 5/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 20542000 | &nbsp;&nbsp;&nbsp;&nbsp; 20311930 |
|  | &nbsp;&nbsp;&nbsp;Laboratory Corp. of America Holdings, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;1.55% due 6/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4855000 | &nbsp;&nbsp;&nbsp;&nbsp; 4803683 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.55% due 4/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 5640000 | &nbsp;&nbsp;&nbsp;&nbsp; 5633852 |
|  | &nbsp;&nbsp;&nbsp;**Health Care Technology — 0.2%** |  |  |
|  | &nbsp;&nbsp;&nbsp;GE HealthCare Technologies, Inc., 4.15% due 12/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 15439000 | &nbsp;&nbsp;&nbsp;&nbsp; 15483155 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 66481412 |
|  | &nbsp;&nbsp;**Insurance — 7.6%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Insurance — 7.6%** |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;American National Group, Inc., 6.144% due 6/13/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 25662000 | &nbsp;&nbsp;&nbsp;&nbsp; 26789075 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;Ascot Group Ltd., 4.25% due 12/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 12308000 | &nbsp;&nbsp;&nbsp;&nbsp; 11412839 |
|  | &nbsp;&nbsp;&nbsp;Brighthouse Financial Global Funding, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.55% due 5/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 7538000 | &nbsp;&nbsp;&nbsp;&nbsp; 7453650 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;2.00% due 6/28/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 13751000 | &nbsp;&nbsp;&nbsp;&nbsp; 12908064 |
|  | &nbsp;&nbsp;&nbsp;Brown & Brown, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.60% due 12/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3532000 | &nbsp;&nbsp;&nbsp;&nbsp; 3550013 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.70% due 6/23/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4825000 | &nbsp;&nbsp;&nbsp;&nbsp; 4882417 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.65% due 6/11/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2669000 | &nbsp;&nbsp;&nbsp;&nbsp; 2754728 |
|  | &nbsp;&nbsp;&nbsp;CNO Global Funding, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.75% due 10/7/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 9414000 | &nbsp;&nbsp;&nbsp;&nbsp; 9249349 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.375% due 9/8/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2650000 | &nbsp;&nbsp;&nbsp;&nbsp; 2653498 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.875% due 12/10/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 6850000 | &nbsp;&nbsp;&nbsp;&nbsp; 6937611 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Constellation Global Funding, 4.85% due 10/22/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 9500000 | &nbsp;&nbsp;&nbsp;&nbsp; 9433310 |
| **<sup>e</sup>** | &nbsp;&nbsp;&nbsp;Enstar Group Ltd., 3.10% due 9/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 7139000 | &nbsp;&nbsp;&nbsp;&nbsp; 6410536 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Equitable America Global Funding, 4.95% due 6/9/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 3800000 | &nbsp;&nbsp;&nbsp;&nbsp; 3872276 |
|  | &nbsp;&nbsp;&nbsp;Equitable Financial Life Global Funding, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.00% due 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8665000 | &nbsp;&nbsp;&nbsp;&nbsp; 8660408 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.40% due 8/27/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 4433000 | &nbsp;&nbsp;&nbsp;&nbsp; 4252222 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.80% due 3/8/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 6800000 | &nbsp;&nbsp;&nbsp;&nbsp; 6476184 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 3/27/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2047000 | &nbsp;&nbsp;&nbsp;&nbsp; 2091584 |
|  | &nbsp;&nbsp;&nbsp;F&G Global Funding, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.75% due 6/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 16912000 | &nbsp;&nbsp;&nbsp;&nbsp; 16703475 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;2.00% due 9/20/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2475000 | &nbsp;&nbsp;&nbsp;&nbsp; 2318926 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;2.30% due 4/11/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 11752000 | &nbsp;&nbsp;&nbsp;&nbsp; 11478296 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.875% due 1/16/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 4320000 | &nbsp;&nbsp;&nbsp;&nbsp; 4478155 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;Fidelis Insurance Holdings Ltd., 4.875% due 6/30/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 17031000 | &nbsp;&nbsp;&nbsp;&nbsp; 16842637 |
|  | &nbsp;&nbsp;&nbsp;Fidelity National Financial, Inc., 2.45% due 3/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 12517000 | &nbsp;&nbsp;&nbsp;&nbsp; 11177556 |
|  | &nbsp;&nbsp;&nbsp;First American Financial Corp., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;2.40% due 8/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2261000 | &nbsp;&nbsp;&nbsp;&nbsp; 1973333 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00% due 5/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 4316000 | &nbsp;&nbsp;&nbsp;&nbsp; 4173831 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Fortitude Global Funding, 4.625% due 10/6/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4386000 | &nbsp;&nbsp;&nbsp;&nbsp; 4388500 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Fortitude Group Holdings LLC, 6.25% due 4/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 6453000 | &nbsp;&nbsp;&nbsp;&nbsp; 6720348 |
|  | &nbsp;&nbsp;&nbsp;GA Global Funding Trust, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.625% due 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1940000 | &nbsp;&nbsp;&nbsp;&nbsp; 1938118 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;2.25% due 1/6/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 6479000 | &nbsp;&nbsp;&nbsp;&nbsp; 6355186 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.50% due 9/18/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3459120 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Global Atlantic Fin Co., 4.40% due 10/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 5200000 | &nbsp;&nbsp;&nbsp;&nbsp; 5119348 |
|  | &nbsp;&nbsp;&nbsp;Horace Mann Educators Corp., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.70% due 10/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 11381000 | &nbsp;&nbsp;&nbsp;&nbsp; 11290293 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;7.25% due 9/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2952000 | &nbsp;&nbsp;&nbsp;&nbsp; 3162212 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;Jackson National Life Global Funding, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.25% due 4/12/2028 | &nbsp;&nbsp;$8153000 | &nbsp;&nbsp;$8322338 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.50% due 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 12660000 | &nbsp;&nbsp;&nbsp;&nbsp; 12663925 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Lincoln Financial Global Funding, 4.625% due 5/28/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 6838000 | &nbsp;&nbsp;&nbsp;&nbsp; 6903029 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Lincoln National Corp., 2.33% due 8/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 4881000 | &nbsp;&nbsp;&nbsp;&nbsp; 4427409 |
|  | &nbsp;&nbsp;&nbsp;Mercury General Corp., 4.40% due 3/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2901000 | &nbsp;&nbsp;&nbsp;&nbsp; 2897693 |
|  | &nbsp;&nbsp;&nbsp;Mutual of Omaha Cos Global Funding, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.35% due 4/9/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 13420000 | &nbsp;&nbsp;&nbsp;&nbsp; 13617274 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.45% due 12/12/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 7740000 | &nbsp;&nbsp;&nbsp;&nbsp; 8008268 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;New York Life Global Funding, 4.218% (SOFR + 0.48%) due 6/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 22760000 | &nbsp;&nbsp;&nbsp;&nbsp; 22780484 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;NLG Global Funding, 5.40% due 1/23/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 17659000 | &nbsp;&nbsp;&nbsp;&nbsp; 18171464 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Pacific Life Global Funding II, 4.366% (SOFR + 0.62%) due 6/4/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 10530000 | &nbsp;&nbsp;&nbsp;&nbsp; 10543689 |
|  | &nbsp;&nbsp;&nbsp;Protective Life Corp., |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;3.40% due 1/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 6698000 | &nbsp;&nbsp;&nbsp;&nbsp; 6461628 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.70% due 1/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 3464000 | &nbsp;&nbsp;&nbsp;&nbsp; 3473734 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Protective Life Global Funding, 4.161% due 1/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 4925000 | &nbsp;&nbsp;&nbsp;&nbsp; 4932043 |
|  | &nbsp;&nbsp;&nbsp;Reliance Standard Life Global Funding II, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.512% due 9/28/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 10762000 | &nbsp;&nbsp;&nbsp;&nbsp; 10542778 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.243% due 2/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 17412000 | &nbsp;&nbsp;&nbsp;&nbsp; 17420184 |
|  | &nbsp;&nbsp;&nbsp;RGA Global Funding, |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;2.70% due 1/18/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 4515000 | &nbsp;&nbsp;&nbsp;&nbsp; 4304556 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.60% due 11/25/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 3654000 | &nbsp;&nbsp;&nbsp;&nbsp; 3654219 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.448% due 5/24/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6208380 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.50% due 1/11/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 4148000 | &nbsp;&nbsp;&nbsp;&nbsp; 4313713 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Sammons Financial Group Global Funding, 4.80% due 12/12/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 3707000 | &nbsp;&nbsp;&nbsp;&nbsp; 3713154 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Sammons Financial Group, Inc., 4.45% due 5/12/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 7950000 | &nbsp;&nbsp;&nbsp;&nbsp; 7947774 |
|  | &nbsp;&nbsp;&nbsp;Stewart Information Services Corp., 3.60% due 11/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 22401000 | &nbsp;&nbsp;&nbsp;&nbsp; 19803380 |
|  | &nbsp;&nbsp;&nbsp;Unum Group, 5.25% due 12/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 7127000 | &nbsp;&nbsp;&nbsp;&nbsp; 7078038 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Western-Southern Global Funding, 4.90% due 5/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 14075000 | &nbsp;&nbsp;&nbsp;&nbsp; 14395347 |
|  | &nbsp;&nbsp;&nbsp;Willis North America, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.55% due 3/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 3400000 | &nbsp;&nbsp;&nbsp;&nbsp; 3406494 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.65% due 6/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 4541000 | &nbsp;&nbsp;&nbsp;&nbsp; 4575966 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 471934059 |
|  | &nbsp;&nbsp;**Materials — 1.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Chemicals — 0.3%** |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;Ma'aden Sukuk Ltd., 5.25% due 2/13/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 17475000 | &nbsp;&nbsp;&nbsp;&nbsp; 17914496 |
|  | &nbsp;&nbsp;&nbsp;**Containers & Packaging — 0.7%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Amcor Flexibles North America, Inc., 5.10% due 3/17/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 4935000 | &nbsp;&nbsp;&nbsp;&nbsp; 5065284 |
|  | &nbsp;&nbsp;&nbsp;AptarGroup, Inc., 4.75% due 3/30/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 4572000 | &nbsp;&nbsp;&nbsp;&nbsp; 4605924 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Berry Global, Inc., 4.875% due 7/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1928000 | &nbsp;&nbsp;&nbsp;&nbsp; 1928598 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Graphic Packaging International LLC, 1.512% due 4/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 7623000 | &nbsp;&nbsp;&nbsp;&nbsp; 7552335 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Sealed Air Corp., 1.573% due 10/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 7376000 | &nbsp;&nbsp;&nbsp;&nbsp; 7217858 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Silgan Holdings, Inc., 1.40% due 4/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 15334000 | &nbsp;&nbsp;&nbsp;&nbsp; 15204428 |
|  | &nbsp;&nbsp;&nbsp;**Metals & Mining — 0.1%** |  |  |
| **<sup>c,d,e,f</sup>** | &nbsp;&nbsp;&nbsp;Metalloinvest Finance DAC, 3.375% due 10/22/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 12700000 | &nbsp;&nbsp;&nbsp;&nbsp; 6449441 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;POSCO, 5.625% due 1/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2400000 | &nbsp;&nbsp;&nbsp;&nbsp; 2401248 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 68339612 |
|  | &nbsp;&nbsp;**Media & Entertainment — 0.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Internet Software & Services — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Meta Platforms, Inc., 4.60% due 11/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 9385000 | &nbsp;&nbsp;&nbsp;&nbsp; 9462051 |
|  | &nbsp;&nbsp;&nbsp;**Media — 0.2%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Charter Communications Operating LLC/Charter Communications Operating Capital, 6.65% due 2/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 11306000 | &nbsp;&nbsp;&nbsp;&nbsp; 11921046 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 21383097 |
|  | &nbsp;&nbsp;**Pharmaceuticals, Biotechnology & Life Sciences — 0.4%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Biotechnology — 0.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Bio-Rad Laboratories, Inc., 3.30% due 3/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2320000 | &nbsp;&nbsp;&nbsp;&nbsp; 2299166 |
|  | &nbsp;&nbsp;&nbsp;Illumina, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.65% due 9/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4081000 | &nbsp;&nbsp;&nbsp;&nbsp; 4092998 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.75% due 12/12/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 9552000 | &nbsp;&nbsp;&nbsp;&nbsp; 9646947 |
|  | &nbsp;&nbsp;&nbsp;**Pharmaceuticals — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Viatris, Inc., 2.30% due 6/22/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 9885000 | &nbsp;&nbsp;&nbsp;&nbsp; 9599324 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 25638435 |
|  | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment — 0.5%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment — 0.5%** |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Qorvo, Inc., 3.375% due 4/1/2031 | &nbsp;&nbsp;$14210000 | &nbsp;&nbsp;$13155192 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;SK Hynix, Inc., 1.50% due 1/19/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 10200000 | &nbsp;&nbsp;&nbsp;&nbsp; 10186434 |
|  | &nbsp;&nbsp;&nbsp;Skyworks Solutions, Inc., 1.80% due 6/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6434000 | &nbsp;&nbsp;&nbsp;&nbsp; 6366893 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 29708519 |
|  | &nbsp;&nbsp;**Software & Services — 2.2%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Information Technology Services — 1.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Block Financial LLC, 2.50% due 7/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 10392000 | &nbsp;&nbsp;&nbsp;&nbsp; 9915839 |
|  | &nbsp;&nbsp;&nbsp;Booz Allen Hamilton, Inc., |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;3.875% due 9/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 6840000 | &nbsp;&nbsp;&nbsp;&nbsp; 6720505 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.95% due 4/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 4931000 | &nbsp;&nbsp;&nbsp;&nbsp; 5115074 |
|  | &nbsp;&nbsp;&nbsp;DXC Technology Co., 2.375% due 9/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 12049000 | &nbsp;&nbsp;&nbsp;&nbsp; 11361484 |
| **<sup>e</sup>** | &nbsp;&nbsp;&nbsp;Genpact Luxembourg SARL/Genpact USA, Inc., 1.75% due 4/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5335000 | &nbsp;&nbsp;&nbsp;&nbsp; 5295574 |
| **<sup>e</sup>** | &nbsp;&nbsp;&nbsp;Genpact U.K. Finco PLC/Genpact USA, Inc., 4.95% due 11/18/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2350000 | &nbsp;&nbsp;&nbsp;&nbsp; 2349177 |
|  | &nbsp;&nbsp;&nbsp;Global Payments, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;1.20% due 3/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3534000 | &nbsp;&nbsp;&nbsp;&nbsp; 3517355 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.50% due 11/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 12098000 | &nbsp;&nbsp;&nbsp;&nbsp; 12122680 |
|  | &nbsp;&nbsp;&nbsp;Kyndryl Holdings, Inc., 2.05% due 10/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 14388000 | &nbsp;&nbsp;&nbsp;&nbsp; 14149879 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Wipro IT Services LLC, 1.50% due 6/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 10647000 | &nbsp;&nbsp;&nbsp;&nbsp; 10507418 |
|  | &nbsp;&nbsp;&nbsp;**Internet Software & Services — 0.4%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Prosus NV, |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;3.061% due 7/13/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 7816000 | &nbsp;&nbsp;&nbsp;&nbsp; 7106072 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;3.257% due 1/19/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 6400000 | &nbsp;&nbsp;&nbsp;&nbsp; 6308032 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.193% due 1/19/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 13254000 | &nbsp;&nbsp;&nbsp;&nbsp; 12691633 |
|  | &nbsp;&nbsp;&nbsp;**Software — 0.5%** |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;MSCI, Inc., 4.00% due 11/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 6850000 | &nbsp;&nbsp;&nbsp;&nbsp; 6710808 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;Open Text Corp., 6.90% due 12/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 17723000 | &nbsp;&nbsp;&nbsp;&nbsp; 18435997 |
|  | &nbsp;&nbsp;&nbsp;Paychex, Inc., 5.35% due 4/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3503000 | &nbsp;&nbsp;&nbsp;&nbsp; 3628232 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 135935759 |
|  | &nbsp;&nbsp;**Technology Hardware & Equipment — 1.4%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Communications Equipment — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Motorola Solutions, Inc., 4.85% due 8/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 4864000 | &nbsp;&nbsp;&nbsp;&nbsp; 4961912 |
|  | &nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components — 1.0%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Avnet, Inc., 6.25% due 3/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 3938000 | &nbsp;&nbsp;&nbsp;&nbsp; 4079847 |
|  | &nbsp;&nbsp;&nbsp;CDW LLC/CDW Finance Corp., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;3.25% due 2/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 9124000 | &nbsp;&nbsp;&nbsp;&nbsp; 8789149 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.25% due 4/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 11275000 | &nbsp;&nbsp;&nbsp;&nbsp; 11245347 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Molex Electronic Technologies LLC, 4.75% due 4/30/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 3823000 | &nbsp;&nbsp;&nbsp;&nbsp; 3863524 |
|  | &nbsp;&nbsp;&nbsp;TD SYNNEX Corp., 1.75% due 8/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 27306000 | &nbsp;&nbsp;&nbsp;&nbsp; 26896137 |
|  | &nbsp;&nbsp;&nbsp;Vontier Corp., 1.80% due 4/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5272000 | &nbsp;&nbsp;&nbsp;&nbsp; 5239208 |
|  | &nbsp;&nbsp;&nbsp;**Office Electronics — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;CDW LLC/CDW Finance Corp., 2.67% due 12/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6950000 | &nbsp;&nbsp;&nbsp;&nbsp; 6858538 |
|  | &nbsp;&nbsp;&nbsp;**Technology Hardware, Storage & Peripherals — 0.2%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Dell International LLC/EMC Corp., 6.02% due 6/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1348000 | &nbsp;&nbsp;&nbsp;&nbsp; 1353405 |
|  | &nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise Co., 4.15% due 9/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 5406000 | &nbsp;&nbsp;&nbsp;&nbsp; 5409406 |
|  | &nbsp;&nbsp;&nbsp;NetApp, Inc., 5.50% due 3/17/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 6433000 | &nbsp;&nbsp;&nbsp;&nbsp; 6692700 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 85389173 |
|  | &nbsp;&nbsp;**Telecommunication Services — 0.4%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Diversified Telecommunication Services — 0.3%** |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;NBN Co. Ltd., 1.45% due 5/5/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 20000000 | &nbsp;&nbsp;&nbsp;&nbsp; 19822800 |
|  | &nbsp;&nbsp;&nbsp;**Wireless Telecommunication Services — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;T-Mobile USA, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;2.25% due 2/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4275000 | &nbsp;&nbsp;&nbsp;&nbsp; 4263928 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.125% due 5/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2791000 | &nbsp;&nbsp;&nbsp;&nbsp; 2871464 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 26958192 |
|  | &nbsp;&nbsp;**Utilities — 6.7%** |  |  |
|  | &nbsp;&nbsp;&nbsp;**Electric Utilities — 6.1%** |  |  |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;AEP Texas, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.40% due 6/1/2033 | &nbsp;&nbsp;$4350000 | &nbsp;&nbsp;$4487634 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.70% due 5/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2086960 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series I, 2.10% due 7/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 8375000 | &nbsp;&nbsp;&nbsp;&nbsp; 7629123 |
|  | &nbsp;&nbsp;&nbsp;AES Corp., 1.375% due 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 9335000 | &nbsp;&nbsp;&nbsp;&nbsp; 9321278 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Alliant Energy Finance LLC, 1.40% due 3/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5240000 | &nbsp;&nbsp;&nbsp;&nbsp; 5202482 |
|  | &nbsp;&nbsp;&nbsp;Appalachian Power Co., Series AA, 2.70% due 4/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp;&nbsp;&nbsp; 2059223 |
|  | &nbsp;&nbsp;&nbsp;Arizona Public Service Co., 5.70% due 8/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 4517000 | &nbsp;&nbsp;&nbsp;&nbsp; 4752200 |
|  | &nbsp;&nbsp;&nbsp;Black Hills Corp., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;2.50% due 6/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 5490000 | &nbsp;&nbsp;&nbsp;&nbsp; 5092853 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.55% due 1/31/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2599000 | &nbsp;&nbsp;&nbsp;&nbsp; 2597804 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Caledonia Generating LLC, 1.95% due 2/28/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 14338024 | &nbsp;&nbsp;&nbsp;&nbsp; 12690036 |
|  | &nbsp;&nbsp;&nbsp;CenterPoint Energy, Inc., 5.40% due 6/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 11148000 | &nbsp;&nbsp;&nbsp;&nbsp; 11549662 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Cleco Power LLC, 5.30% due 1/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 5373000 | &nbsp;&nbsp;&nbsp;&nbsp; 5410020 |
|  | &nbsp;&nbsp;&nbsp;Comision Federal de Electricidad, |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;3.348% due 2/9/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 8740000 | &nbsp;&nbsp;&nbsp;&nbsp; 7946321 |
| **<sup>e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 9/29/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 15674400 | &nbsp;&nbsp;&nbsp;&nbsp; 14548978 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Dayton Power & Light Co., 4.55% due 8/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 9863000 | &nbsp;&nbsp;&nbsp;&nbsp; 9810529 |
|  | &nbsp;&nbsp;&nbsp;Dominion Energy, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.60% due 5/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 3700000 | &nbsp;&nbsp;&nbsp;&nbsp; 3744437 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 3.60% due 3/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 8076000 | &nbsp;&nbsp;&nbsp;&nbsp; 8036751 |
|  | &nbsp;&nbsp;&nbsp;DTE Energy Co., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.875% due 6/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 3477000 | &nbsp;&nbsp;&nbsp;&nbsp; 3536804 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.05% due 10/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 3800000 | &nbsp;&nbsp;&nbsp;&nbsp; 3799126 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.20% due 4/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 3508000 | &nbsp;&nbsp;&nbsp;&nbsp; 3621554 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.85% due 6/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 2636000 | &nbsp;&nbsp;&nbsp;&nbsp; 2811110 |
|  | &nbsp;&nbsp;&nbsp;Duke Energy Corp., 4.95% due 9/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp; 8433445 |
|  | &nbsp;&nbsp;&nbsp;Duke Energy Florida LLC, 4.20% due 12/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 4736000 | &nbsp;&nbsp;&nbsp;&nbsp; 4741683 |
|  | &nbsp;&nbsp;&nbsp;Electricite de France SA, |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.65% due 4/22/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 9878000 | &nbsp;&nbsp;&nbsp;&nbsp; 10271342 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.75% due 1/13/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 13500000 | &nbsp;&nbsp;&nbsp;&nbsp; 14154885 |
|  | &nbsp;&nbsp;&nbsp;Enel Finance International NV, |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;1.625% due 7/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 10700000 | &nbsp;&nbsp;&nbsp;&nbsp; 10557583 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;2.125% due 7/12/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 8844000 | &nbsp;&nbsp;&nbsp;&nbsp; 8409583 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.375% due 9/30/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2802000 | &nbsp;&nbsp;&nbsp;&nbsp; 2791521 |
|  | &nbsp;&nbsp;&nbsp;Entergy Mississippi LLC, 3.25% due 12/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 4727000 | &nbsp;&nbsp;&nbsp;&nbsp; 4649005 |
|  | &nbsp;&nbsp;&nbsp;Entergy Texas, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;1.50% due 9/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8640000 | &nbsp;&nbsp;&nbsp;&nbsp; 8490614 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;3.45% due 12/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 9000000 | &nbsp;&nbsp;&nbsp;&nbsp; 8881200 |
|  | &nbsp;&nbsp;&nbsp;Evergy Kansas Central, Inc., 4.70% due 3/13/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4940000 | &nbsp;&nbsp;&nbsp;&nbsp; 5013507 |
|  | &nbsp;&nbsp;&nbsp;Evergy Missouri West, Inc., |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.15% due 12/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 9711000 | &nbsp;&nbsp;&nbsp;&nbsp; 9898131 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.65% due 6/1/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 6650000 | &nbsp;&nbsp;&nbsp;&nbsp; 6884080 |
|  | &nbsp;&nbsp;&nbsp;Eversource Energy, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;2.55% due 3/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 5332000 | &nbsp;&nbsp;&nbsp;&nbsp; 4821728 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.45% due 12/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2403000 | &nbsp;&nbsp;&nbsp;&nbsp; 2390721 |
|  | &nbsp;&nbsp;&nbsp;Exelon Corp., 5.125% due 3/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 9899000 | &nbsp;&nbsp;&nbsp;&nbsp; 10223984 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;FirstEnergy Pennsylvania Electric Co., 5.15% due 3/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 980000 | &nbsp;&nbsp;&nbsp;&nbsp; 982058 |
|  | &nbsp;&nbsp;&nbsp;FirstEnergy Transmission LLC, 4.55% due 1/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2585000 | &nbsp;&nbsp;&nbsp;&nbsp; 2604775 |
|  | &nbsp;&nbsp;&nbsp;Interstate Power & Light Co., 4.95% due 9/30/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 4747000 | &nbsp;&nbsp;&nbsp;&nbsp; 4729721 |
|  | &nbsp;&nbsp;&nbsp;ITC Holdings Corp., |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;2.95% due 5/14/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1883000 | &nbsp;&nbsp;&nbsp;&nbsp; 1777251 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;4.95% due 9/22/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 12703000 | &nbsp;&nbsp;&nbsp;&nbsp; 12868901 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.65% due 5/9/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 14000000 | &nbsp;&nbsp;&nbsp;&nbsp; 14605500 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Jersey Central Power & Light Co., 4.40% due 1/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 6800000 | &nbsp;&nbsp;&nbsp;&nbsp; 6776608 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Liberty Utilities Co., 5.577% due 1/31/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 5240000 | &nbsp;&nbsp;&nbsp;&nbsp; 5411138 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Liberty Utilities Finance GP 1, 2.05% due 9/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 9518000 | &nbsp;&nbsp;&nbsp;&nbsp; 8631874 |
|  | &nbsp;&nbsp;&nbsp;National Rural Utilities Cooperative Finance Corp., 4.30% due 12/10/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 4571000 | &nbsp;&nbsp;&nbsp;&nbsp; 4580462 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;New York State Electric & Gas Corp., 3.25% due 12/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 9234000 | &nbsp;&nbsp;&nbsp;&nbsp; 9162344 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Niagara Mohawk Power Corp., 4.647% due 10/3/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2965000 | &nbsp;&nbsp;&nbsp;&nbsp; 2982671 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;NorthWestern Corp., 5.073% due 3/21/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 16310000 | &nbsp;&nbsp;&nbsp;&nbsp; 16719544 |
|  | &nbsp;&nbsp;&nbsp;Pinnacle West Capital Corp., Series 2025-2 Class A, 4.90% due 5/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4773000 | &nbsp;&nbsp;&nbsp;&nbsp; 4860775 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;PSEG Power LLC, 5.20% due 5/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 5798000 | &nbsp;&nbsp;&nbsp;&nbsp; 5930136 |
|  | &nbsp;&nbsp;&nbsp;Public Service Co. of Oklahoma, 5.45% due 1/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 5930000 | &nbsp;&nbsp;&nbsp;&nbsp; 6084121 |
|  | &nbsp;&nbsp;&nbsp;Public Service Enterprise Group, Inc., 4.90% due 3/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 4903000 | &nbsp;&nbsp;&nbsp;&nbsp; 5016063 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;Puget Energy, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;2.379% due 6/15/2028 | &nbsp;&nbsp;$2734000 | &nbsp;&nbsp;$2616192 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.10% due 6/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2616000 | &nbsp;&nbsp;&nbsp;&nbsp; 2562006 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.725% due 3/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 9463000 | &nbsp;&nbsp;&nbsp;&nbsp; 9710457 |
|  | &nbsp;&nbsp;&nbsp;**Gas Utilities — 0.6%** |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Brooklyn Union Gas Co., 3.407% due 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 12511000 | &nbsp;&nbsp;&nbsp;&nbsp; 12495736 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;KeySpan Gas East Corp., 5.994% due 3/6/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 3492000 | &nbsp;&nbsp;&nbsp;&nbsp; 3689787 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;Snam SpA, 5.00% due 5/28/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2800000 | &nbsp;&nbsp;&nbsp;&nbsp; 2857512 |
|  | &nbsp;&nbsp;&nbsp;Southwest Gas Corp., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.05% due 3/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3024000 | &nbsp;&nbsp;&nbsp;&nbsp; 2917616 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.80% due 12/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 4828000 | &nbsp;&nbsp;&nbsp;&nbsp; 4973806 |
|  | &nbsp;&nbsp;&nbsp;Spire, Inc., 5.30% due 3/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 12844000 | &nbsp;&nbsp;&nbsp;&nbsp; 12863523 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 419758474 |
|  | &nbsp;&nbsp;&nbsp;Total Corporate Bonds (Cost $2,143,968,417) |  | &nbsp;&nbsp;&nbsp;&nbsp;2127024457 |
|  | **Long-Term Municipal Bonds — 0.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Canadian County Educational Facilities Authority (Mustang Public Schools Project) ISD, Series B, 5.50% due 9/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 5035000 | &nbsp;&nbsp;&nbsp;&nbsp; 5289580 |
|  | &nbsp;&nbsp;&nbsp;City of Jersey City GO, Series B, 4.75% due 7/8/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 10725000 | &nbsp;&nbsp;&nbsp;&nbsp; 10778957 |
|  | &nbsp;&nbsp;&nbsp;San Francisco City & County Redevelopment Agency Successor Agency (AG) (Green Bond), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.406% due 8/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 585000 | &nbsp;&nbsp;&nbsp;&nbsp; 585280 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.536% due 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp; 600802 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.697% due 8/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2966000 | &nbsp;&nbsp;&nbsp;&nbsp; 2985229 |
|  | &nbsp;&nbsp;&nbsp;Total Long-Term Municipal Bonds (Cost $19,943,165) |  | &nbsp;&nbsp;&nbsp;&nbsp; 20239848 |
|  | **Other Government — 0.5%** |  |  |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;Bermuda Government International Bonds, 2.375% due 8/20/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 6800000 | &nbsp;&nbsp;&nbsp;&nbsp; 6169844 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;Eagle Funding Luxco SARL, 5.50% due 8/17/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5092050 |
| **<sup>e</sup>** | &nbsp;&nbsp;&nbsp;Mexico Government International Bonds, 5.375% due 3/22/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4953450 |
| **<sup>c,e</sup>** | &nbsp;&nbsp;&nbsp;Saudi Government International Bonds, 5.125% due 1/13/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 11200000 | &nbsp;&nbsp;&nbsp;&nbsp; 11430832 |
|  | &nbsp;&nbsp;&nbsp;Total Other Government (Cost $27,955,300) |  | &nbsp;&nbsp;&nbsp;&nbsp; 27646176 |
|  | **U.S. Treasury Securities — 6.9%** |  |  |
|  | &nbsp;&nbsp;&nbsp;U.S. Treasury Inflation-Indexed Notes, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;0.125%, 1/15/2031 - 1/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;188246636 | &nbsp;&nbsp;&nbsp;&nbsp; 174375297 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;1.75%, 1/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 30715930 | &nbsp;&nbsp;&nbsp;&nbsp; 30552752 |
|  | &nbsp;&nbsp;&nbsp;U.S. Treasury Notes, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 11/30/2030 - 2/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 50140000 | &nbsp;&nbsp;&nbsp;&nbsp; 49459145 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;3.75%, 11/30/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 84750000 | &nbsp;&nbsp;&nbsp;&nbsp; 83823047 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;3.875%, 6/30/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 26800000 | &nbsp;&nbsp;&nbsp;&nbsp; 27005187 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 5/31/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 10250000 | &nbsp;&nbsp;&nbsp;&nbsp; 10381328 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 5/15/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 29032000 | &nbsp;&nbsp;&nbsp;&nbsp; 29295102 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.375%, 12/31/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 25000000 | &nbsp;&nbsp;&nbsp;&nbsp; 25669922 |
|  | &nbsp;&nbsp;&nbsp;Total U.S. Treasury Securities (Cost $420,837,660) |  | &nbsp;&nbsp;&nbsp;&nbsp; 430561780 |
|  | **U.S. Government Agencies — 0.5%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Federal Farm Credit Banks Funding Corp., 3.00%, 3/8/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 19285000 | &nbsp;&nbsp;&nbsp;&nbsp; 18077952 |
| **<sup>e</sup>** | &nbsp;&nbsp;&nbsp;Petroleos Mexicanos (Guaranty: Export-Import Bank of the United States), 6.50%, 1/23/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6094860 |
|  | &nbsp;&nbsp;&nbsp;Reliance Industries Ltd. (Guaranty: Export-Import Bank of the United States), |  |  |
| **<sup>e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;2.06%, 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 75040 |
| **<sup>e</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;2.512%, 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp;&nbsp; 324737 |
|  | &nbsp;&nbsp;&nbsp;Small Business Administration Participation Certificates, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2008-20D Class 1, 5.37%, 4/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 104014 | &nbsp;&nbsp;&nbsp;&nbsp; 105518 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2009-20E Class 1, 4.43%, 5/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 67360 | &nbsp;&nbsp;&nbsp;&nbsp; 67728 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2009-20K Class 1, 4.09%, 11/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 570937 | &nbsp;&nbsp;&nbsp;&nbsp; 572125 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2011-20E Class 1, 3.79%, 5/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 809326 | &nbsp;&nbsp;&nbsp;&nbsp; 805500 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2011-20F Class 1, 3.67%, 6/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 174516 | &nbsp;&nbsp;&nbsp;&nbsp; 173147 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2011-20G Class 1, 3.74%, 7/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 980686 | &nbsp;&nbsp;&nbsp;&nbsp; 974254 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2011-20I Class 1, 2.85%, 9/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1914220 | &nbsp;&nbsp;&nbsp;&nbsp; 1865639 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2011-20K Class 1, 2.87%, 11/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1475494 | &nbsp;&nbsp;&nbsp;&nbsp; 1436137 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2012-20D Class 1, 2.67%, 4/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1208580 | &nbsp;&nbsp;&nbsp;&nbsp; 1168215 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2012-20J Class 1, 2.18%, 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 955829 | &nbsp;&nbsp;&nbsp;&nbsp; 907794 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2012-20K Class 1, 2.09%, 11/1/2032 | &nbsp;&nbsp;$762113 | &nbsp;&nbsp;$720642 |
|  | &nbsp;&nbsp;&nbsp;Total U.S. Government Agencies (Cost $33,073,061) |  | &nbsp;&nbsp;&nbsp;&nbsp; 33369288 |
|  | **Mortgage Backed — 37.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Ajax Mortgage Loan Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-F Class A1, 2.86% due 7/25/2059 | &nbsp;&nbsp;&nbsp;&nbsp; 3323357 | &nbsp;&nbsp;&nbsp;&nbsp; 3253418 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-A Class A1, 1.065% due 9/25/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 2157445 | &nbsp;&nbsp;&nbsp;&nbsp; 1962229 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-A Class A1, 3.50% due 10/25/2061 | &nbsp;&nbsp;&nbsp;&nbsp; 8867242 | &nbsp;&nbsp;&nbsp;&nbsp; 8664985 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-C Class A1, 3.50% due 5/25/2063 | &nbsp;&nbsp;&nbsp;&nbsp; 5996510 | &nbsp;&nbsp;&nbsp;&nbsp; 5826173 |
|  | &nbsp;&nbsp;&nbsp;Angel Oak Mortgage Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2 Class A3, 5.00% due 1/26/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 3369552 | &nbsp;&nbsp;&nbsp;&nbsp; 3358760 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1 Class A1, 4.75% due 9/26/2067 | &nbsp;&nbsp;&nbsp;&nbsp; 11056906 | &nbsp;&nbsp;&nbsp;&nbsp; 11019735 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-2 Class A1, 4.65% due 10/25/2067 | &nbsp;&nbsp;&nbsp;&nbsp; 3982038 | &nbsp;&nbsp;&nbsp;&nbsp; 3965844 |
| **<sup>b,c,e</sup>** | &nbsp;&nbsp;&nbsp;Arbor Realty Commercial Real Estate Notes Ltd., CMBS, Series 2022-FL1 Class A, 5.434% (SOFR30A + 1.45%) due 1/15/2037 | &nbsp;&nbsp;&nbsp;&nbsp; 6644881 | &nbsp;&nbsp;&nbsp;&nbsp; 6644881 |
|  | &nbsp;&nbsp;&nbsp;Arroyo Mortgage Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1 Class A1, 3.805% due 1/25/2049 | &nbsp;&nbsp;&nbsp;&nbsp; 2261710 | &nbsp;&nbsp;&nbsp;&nbsp; 2212012 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1 Class A3, 4.208% due 1/25/2049 | &nbsp;&nbsp;&nbsp;&nbsp; 1183646 | &nbsp;&nbsp;&nbsp;&nbsp; 1164345 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-2 Class A1, 3.347% due 4/25/2049 | &nbsp;&nbsp;&nbsp;&nbsp; 972452 | &nbsp;&nbsp;&nbsp;&nbsp; 941625 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-3 Class A1, 2.962% due 10/25/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 2529794 | &nbsp;&nbsp;&nbsp;&nbsp; 2423737 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1 Class A2, 2.927% due 3/25/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 6518000 | &nbsp;&nbsp;&nbsp;&nbsp; 6196243 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1 Class A3, 3.328% due 3/25/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp;&nbsp; 4164684 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1 Class M1, 4.277% due 3/25/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 3189000 | &nbsp;&nbsp;&nbsp;&nbsp; 2965778 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1R Class A1, 1.175% due 10/25/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 5144799 | &nbsp;&nbsp;&nbsp;&nbsp; 4598984 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1 Class M1, 3.65% due 12/25/2056 | &nbsp;&nbsp;&nbsp;&nbsp; 7338000 | &nbsp;&nbsp;&nbsp;&nbsp; 5945112 |
|  | &nbsp;&nbsp;&nbsp;ATLX Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-RPL1 Class A1, 3.85% due 4/25/2064 | &nbsp;&nbsp;&nbsp;&nbsp; 10948660 | &nbsp;&nbsp;&nbsp;&nbsp; 10725007 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-RPL2 Class A1, 3.85% due 4/25/2063 | &nbsp;&nbsp;&nbsp;&nbsp; 7055970 | &nbsp;&nbsp;&nbsp;&nbsp; 6823131 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;BPR Trust, CMBS, Series 2023-BRK2 Class A, 6.899% due 10/5/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 4250000 | &nbsp;&nbsp;&nbsp;&nbsp; 4436405 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;BRAVO Residential Funding Trust, Whole Loan Securities Trust CMO, Series 2024-NQM4 Class A1A, 4.35% due 1/25/2060 | &nbsp;&nbsp;&nbsp;&nbsp; 17668436 | &nbsp;&nbsp;&nbsp;&nbsp; 17422920 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Bunker Hill Loan Depositary Trust, Whole Loan Securities Trust CMO, Series 2020-1 Class A3, 3.253% due 2/25/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 3285000 | &nbsp;&nbsp;&nbsp;&nbsp; 3214244 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;BX Trust, CMBS, Series 2025-LIFE Class A, 5.884% due 6/13/2047 | &nbsp;&nbsp;&nbsp;&nbsp; 14750000 | &nbsp;&nbsp;&nbsp;&nbsp; 14961373 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Century Plaza Towers, CMBS, Series 2019-CPT Class A, 2.865% due 11/13/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 4800000 | &nbsp;&nbsp;&nbsp;&nbsp; 4446973 |
|  | &nbsp;&nbsp;&nbsp;Chase Mortgage Finance Corp., Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-SH1 Class M3, 3.724% due 4/25/2045 | &nbsp;&nbsp;&nbsp;&nbsp; 1355239 | &nbsp;&nbsp;&nbsp;&nbsp; 1271542 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-SH2 Class M3, 3.701% due 12/25/2045 | &nbsp;&nbsp;&nbsp;&nbsp; 1727811 | &nbsp;&nbsp;&nbsp;&nbsp; 1619038 |
|  | &nbsp;&nbsp;&nbsp;CHNGE Mortgage Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1 Class A1, 3.007% due 1/25/2067 | &nbsp;&nbsp;&nbsp;&nbsp; 10936164 | &nbsp;&nbsp;&nbsp;&nbsp; 10572873 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-2 Class M1, 4.609% due 3/25/2067 | &nbsp;&nbsp;&nbsp;&nbsp; 14163000 | &nbsp;&nbsp;&nbsp;&nbsp; 14007237 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-1 Class A1, 7.065% due 3/25/2058 | &nbsp;&nbsp;&nbsp;&nbsp; 3366981 | &nbsp;&nbsp;&nbsp;&nbsp; 3361963 |
|  | &nbsp;&nbsp;&nbsp;CIM Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-INV1 Class A4, 4.00% due 8/25/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 551645 | &nbsp;&nbsp;&nbsp;&nbsp; 516900 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-R1 Class A1, 4.75% due 6/25/2064 | &nbsp;&nbsp;&nbsp;&nbsp; 9889350 | &nbsp;&nbsp;&nbsp;&nbsp; 9868665 |
|  | &nbsp;&nbsp;&nbsp;Citigroup Mortgage Loan Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2004-HYB2 Class B1, 6.194% due 3/25/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 35834 | &nbsp;&nbsp;&nbsp;&nbsp; 14657 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-A Class A, 4.00% due 1/25/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 327995 | &nbsp;&nbsp;&nbsp;&nbsp; 321557 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-J1 Class B4, 3.638% due 6/25/2044 | &nbsp;&nbsp;&nbsp;&nbsp; 1489969 | &nbsp;&nbsp;&nbsp;&nbsp; 1225098 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-J2 Class A7A, 2.50% due 7/25/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 28425121 | &nbsp;&nbsp;&nbsp;&nbsp; 25631685 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;COMM Mortgage Trust, CMBS, Series 2024-277P Class A, 6.338% due 8/10/2044 | &nbsp;&nbsp;&nbsp;&nbsp; 6575000 | &nbsp;&nbsp;&nbsp;&nbsp; 6920257 |
|  | &nbsp;&nbsp;&nbsp;CSMC Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-SPT1 Class A3, 3.734% due 4/25/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 3448527 | &nbsp;&nbsp;&nbsp;&nbsp; 3414914 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-AFC1 Class A1, 0.83% due 3/25/2056 | &nbsp;&nbsp;&nbsp;&nbsp; 6441381 | &nbsp;&nbsp;&nbsp;&nbsp; 5483974 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM3 Class A1, 1.015% due 4/25/2066 | &nbsp;&nbsp;&nbsp;&nbsp; 8101256 | &nbsp;&nbsp;&nbsp;&nbsp; 7028197 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM8 Class A1, 2.841% due 10/25/2066 | &nbsp;&nbsp;&nbsp;&nbsp; 1753219 | &nbsp;&nbsp;&nbsp;&nbsp; 1584580 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-ATH2 Class A1, 4.547% due 5/25/2067 | &nbsp;&nbsp;&nbsp;&nbsp; 8801081 | &nbsp;&nbsp;&nbsp;&nbsp; 8771358 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-NQM1 Class A1, 2.265% due 11/25/2066 | &nbsp;&nbsp;&nbsp;&nbsp; 10487163 | &nbsp;&nbsp;&nbsp;&nbsp; 9560907 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;DC Office Trust, CMBS, Series 2019-MTC Class A, 2.965% due 9/15/2045 | &nbsp;&nbsp;&nbsp;&nbsp; 7895000 | &nbsp;&nbsp;&nbsp;&nbsp; 7168855 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Deephaven Residential Mortgage Trust, Whole Loan Securities Trust CMO, Series 2021-1 Class A1, 0.715% due 5/25/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 1428462 | &nbsp;&nbsp;&nbsp;&nbsp; 1358045 |
|  | &nbsp;&nbsp;&nbsp;Ellington Financial Mortgage Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-2 Class A1, 2.739% due 11/25/2059 | &nbsp;&nbsp;&nbsp;&nbsp; 1608015 | &nbsp;&nbsp;&nbsp;&nbsp; 1566171 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1 Class A1, 2.206% due 1/25/2067 | &nbsp;&nbsp;&nbsp;&nbsp; 14689903 | &nbsp;&nbsp;&nbsp;&nbsp; 13042730 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;FARM Mortgage Trust, Whole Loan Securities Trust CMO, Series 2024-1 Class A, 4.684% due 10/1/2053 | &nbsp;&nbsp;&nbsp;&nbsp; 6714545 | &nbsp;&nbsp;&nbsp;&nbsp; 6533870 |
|  | &nbsp;&nbsp;&nbsp;Federal Home Loan Mtg Corp., |  |  |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Pool 1L0322, 6.063% (H15T1Y + 2.07%) due 2/1/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 1762184 | &nbsp;&nbsp;&nbsp;&nbsp; 1822636 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Pool 760025, 3.698% (5-Yr. CMT + 1.310%) due 10/1/2047 | &nbsp;&nbsp;&nbsp;&nbsp; 2836697 | &nbsp;&nbsp;&nbsp;&nbsp; 2810119 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Pool 841097, 3.657% (5-Yr. CMT + 1.300%) due 9/1/2048 | &nbsp;&nbsp;$3948094 | &nbsp;&nbsp;$3901265 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Pool 841362, 1.701% (2.15% - SOFR30A) due 2/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 5294056 | &nbsp;&nbsp;&nbsp;&nbsp; 4976022 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Pool 841377, 1.943% (2.24% - SOFR30A) due 4/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 5652620 | &nbsp;&nbsp;&nbsp;&nbsp; 5322766 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Pool 841463, 2.16% (2.18% - SOFR30A) due 7/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 12849210 | &nbsp;&nbsp;&nbsp;&nbsp; 11705910 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool D98887, 3.50% due 1/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 474278 | &nbsp;&nbsp;&nbsp;&nbsp; 469699 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool G16710, 3.00% due 11/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 129884 | &nbsp;&nbsp;&nbsp;&nbsp; 128219 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool RE6097, 2.00% due 5/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 23631474 | &nbsp;&nbsp;&nbsp;&nbsp; 18707496 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool SE9046, 3.00% due 12/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 19831616 | &nbsp;&nbsp;&nbsp;&nbsp; 17552918 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool WN1497, 4.75% due 1/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 21000000 | &nbsp;&nbsp;&nbsp;&nbsp; 21324694 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool WN2382, 4.34% due 6/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 11295000 | &nbsp;&nbsp;&nbsp;&nbsp; 11371287 |
|  | &nbsp;&nbsp;&nbsp;Federal Home Loan Mtg Corp., CMO REMIC, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 3195 Class PD, 6.50% due 7/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 103173 | &nbsp;&nbsp;&nbsp;&nbsp; 106449 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 3922 Class PQ, 2.00% due 4/15/2041 | &nbsp;&nbsp;&nbsp;&nbsp; 26461 | &nbsp;&nbsp;&nbsp;&nbsp; 26141 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 4120 Class TC, 1.50% due 10/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 128492 | &nbsp;&nbsp;&nbsp;&nbsp; 126020 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 5461 Class PA, 4.50% due 8/25/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 20256115 | &nbsp;&nbsp;&nbsp;&nbsp; 20043741 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 5462 Class P, 4.50% due 10/25/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 12701445 | &nbsp;&nbsp;&nbsp;&nbsp; 12588490 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 5469 Class QA, 4.50% due 11/25/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 12493399 | &nbsp;&nbsp;&nbsp;&nbsp; 12409932 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 5502 Class FH, 5.274% (SOFR30A + 1.40%) due 2/25/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 11688198 | &nbsp;&nbsp;&nbsp;&nbsp; 11771811 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 5552 Class PD, 5.00% due 9/25/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 20324338 | &nbsp;&nbsp;&nbsp;&nbsp; 20527095 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 5558 Class EV, 5.00% due 6/25/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 5935720 | &nbsp;&nbsp;&nbsp;&nbsp; 6013986 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 5565 Class QA, 4.50% due 8/25/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 14585501 | &nbsp;&nbsp;&nbsp;&nbsp; 14474261 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 5607 Class KT, 4.25% due 11/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 21448978 | &nbsp;&nbsp;&nbsp;&nbsp; 21314894 |
|  | &nbsp;&nbsp;&nbsp;Federal Home Loan Mtg Corp., Multifamily Structured Pass-Through Certificates, CMBS, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series KJ46 Class A2, 4.796% due 10/25/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 8741000 | &nbsp;&nbsp;&nbsp;&nbsp; 8989083 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series KJ47 Class A2, 5.43% due 6/25/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 5968000 | &nbsp;&nbsp;&nbsp;&nbsp; 6231223 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series KJ48 Class A2, 5.028% due 10/25/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 15306000 | &nbsp;&nbsp;&nbsp;&nbsp; 15873940 |
|  | &nbsp;&nbsp;&nbsp;Federal Home Loan Mtg Corp., Seasoned Credit Risk Transfer, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-1 Class HA, 3.00% due 1/25/2056 | &nbsp;&nbsp;&nbsp;&nbsp; 3444630 | &nbsp;&nbsp;&nbsp;&nbsp; 3266983 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-3 Class HA, 3.25% due 7/25/2056 | &nbsp;&nbsp;&nbsp;&nbsp; 5974749 | &nbsp;&nbsp;&nbsp;&nbsp; 5654387 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-4 Class HT, 3.25% due 6/25/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 6115371 | &nbsp;&nbsp;&nbsp;&nbsp; 5509900 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-1 Class HA, 3.00% due 5/25/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 3593209 | &nbsp;&nbsp;&nbsp;&nbsp; 3378700 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-2 Class HA, 3.00% due 11/25/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 7579662 | &nbsp;&nbsp;&nbsp;&nbsp; 7272179 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-3 Class HA, 3.00% due 8/25/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 9402838 | &nbsp;&nbsp;&nbsp;&nbsp; 8803769 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-3 Class MA, 3.50% due 8/25/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 5808898 | &nbsp;&nbsp;&nbsp;&nbsp; 5679977 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-4 Class HA, 3.00% due 3/25/2058 | &nbsp;&nbsp;&nbsp;&nbsp; 8236913 | &nbsp;&nbsp;&nbsp;&nbsp; 7721718 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-1 Class MA, 3.50% due 7/25/2058 | &nbsp;&nbsp;&nbsp;&nbsp; 15367866 | &nbsp;&nbsp;&nbsp;&nbsp; 14971222 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-2 Class MA, 3.50% due 8/26/2058 | &nbsp;&nbsp;&nbsp;&nbsp; 16477041 | &nbsp;&nbsp;&nbsp;&nbsp; 15955110 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-3 Class MA, 3.50% due 10/25/2058 | &nbsp;&nbsp;&nbsp;&nbsp; 7293213 | &nbsp;&nbsp;&nbsp;&nbsp; 7093165 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-4 Class MA, 3.00% due 2/25/2059 | &nbsp;&nbsp;&nbsp;&nbsp; 12873751 | &nbsp;&nbsp;&nbsp;&nbsp; 12108325 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1 Class MA, 2.50% due 8/25/2059 | &nbsp;&nbsp;&nbsp;&nbsp; 2062361 | &nbsp;&nbsp;&nbsp;&nbsp; 1918833 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2 Class MA, 2.00% due 11/25/2059 | &nbsp;&nbsp;&nbsp;&nbsp; 15844377 | &nbsp;&nbsp;&nbsp;&nbsp; 14431136 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-3 Class MA, 2.00% due 5/25/2060 | &nbsp;&nbsp;&nbsp;&nbsp; 9109900 | &nbsp;&nbsp;&nbsp;&nbsp; 8205577 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-3 Class MT, 2.00% due 5/25/2060 | &nbsp;&nbsp;&nbsp;&nbsp; 3166533 | &nbsp;&nbsp;&nbsp;&nbsp; 2509557 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-1 Class MTU, 3.25% due 11/25/2061 | &nbsp;&nbsp;&nbsp;&nbsp; 13217482 | &nbsp;&nbsp;&nbsp;&nbsp; 11432492 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-1 Class MT, 3.00% due 11/25/2063 | &nbsp;&nbsp;&nbsp;&nbsp; 7218145 | &nbsp;&nbsp;&nbsp;&nbsp; 6037420 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-2 Class MT, 3.50% due 5/25/2064 | &nbsp;&nbsp;&nbsp;&nbsp; 6585042 | &nbsp;&nbsp;&nbsp;&nbsp; 5808521 |
|  | &nbsp;&nbsp;&nbsp;Federal Home Loan Mtg Corp., UMBS Collateral, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool RA6808, 3.00% due 2/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 9724879 | &nbsp;&nbsp;&nbsp;&nbsp; 8650954 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool RA7021, 2.50% due 3/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 19849561 | &nbsp;&nbsp;&nbsp;&nbsp; 16885034 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool RA7373, 3.00% due 5/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 4874861 | &nbsp;&nbsp;&nbsp;&nbsp; 4345210 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool SD1374, 3.00% due 3/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 12899569 | &nbsp;&nbsp;&nbsp;&nbsp; 11414648 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool SD4175, 2.50% due 6/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 42553504 | &nbsp;&nbsp;&nbsp;&nbsp; 36198149 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool SD5171, 2.50% due 1/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 14649387 | &nbsp;&nbsp;&nbsp;&nbsp; 12461505 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool SD5345, 2.50% due 4/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 20293139 | &nbsp;&nbsp;&nbsp;&nbsp; 17362430 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool SD6509, 6.00% due 8/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 15189802 | &nbsp;&nbsp;&nbsp;&nbsp; 15643044 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool SD8140, 2.00% due 4/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 23434649 | &nbsp;&nbsp;&nbsp;&nbsp; 19133143 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool SD8189, 2.50% due 1/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 12250747 | &nbsp;&nbsp;&nbsp;&nbsp; 10423465 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool SD8225, 3.00% due 7/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 10648094 | &nbsp;&nbsp;&nbsp;&nbsp; 9463869 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool SD8367, 5.50% due 10/1/2053 | &nbsp;&nbsp;&nbsp;&nbsp; 5507856 | &nbsp;&nbsp;&nbsp;&nbsp; 5598249 |
|  | &nbsp;&nbsp;&nbsp;Federal Home Loan Mtg Corp., Whole Loan Securities Trust CMO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-SC01 Class 2A, 3.50% due 7/25/2046 | &nbsp;&nbsp;&nbsp;&nbsp; 812635 | &nbsp;&nbsp;&nbsp;&nbsp; 723463 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-SC01 Class 1A, 3.00% due 12/25/2046 | &nbsp;&nbsp;&nbsp;&nbsp; 7198233 | &nbsp;&nbsp;&nbsp;&nbsp; 6251944 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-SC02 Class 2A, 3.50% due 5/25/2047 | &nbsp;&nbsp;&nbsp;&nbsp; 437009 | &nbsp;&nbsp;&nbsp;&nbsp; 386090 |
|  | &nbsp;&nbsp;&nbsp;Federal National Mtg Assoc., |  |  |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Pool BH4523, 3.04% (5-Yr. CMT + 1.150%) due 4/1/2047 | &nbsp;&nbsp;&nbsp;&nbsp; 4423263 | &nbsp;&nbsp;&nbsp;&nbsp; 4311206 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Pool BH4524, 3.712% (5-Yr. CMT + 1.150%) due 6/1/2046 | &nbsp;&nbsp;$8184480 | &nbsp;&nbsp;$7955660 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Pool BM6929, 1.929% (2.13% - SOFR30A) due 7/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 3838504 | &nbsp;&nbsp;&nbsp;&nbsp; 3684226 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool BM7067, 2.50% due 6/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 2952488 | &nbsp;&nbsp;&nbsp;&nbsp; 2469869 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool BM7629, 1.50% due 9/1/2036 | &nbsp;&nbsp;&nbsp;&nbsp; 11081224 | &nbsp;&nbsp;&nbsp;&nbsp; 9888556 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Pool BO9998, 2.739% (H15T1Y + 2.03%) due 3/1/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 3292100 | &nbsp;&nbsp;&nbsp;&nbsp; 3309188 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool BS6056, 3.85% due 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 8922000 | &nbsp;&nbsp;&nbsp;&nbsp; 8657859 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Pool BU9934, 1.839% (2.37% - SOFR30A) due 2/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 8120204 | &nbsp;&nbsp;&nbsp;&nbsp; 7359107 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool BZ3061, 5.26% due 2/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 18830000 | &nbsp;&nbsp;&nbsp;&nbsp; 19436211 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool BZ3689, 4.82% due 4/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 22990000 | &nbsp;&nbsp;&nbsp;&nbsp; 23423124 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool BZ3998, 4.88% due 6/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 11823000 | &nbsp;&nbsp;&nbsp;&nbsp; 12055568 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool BZ4611, 5.425% due 11/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 333169 | &nbsp;&nbsp;&nbsp;&nbsp; 344950 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Pool CB2214, 1.531% (2.20% - SOFR30A) due 11/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 4391832 | &nbsp;&nbsp;&nbsp;&nbsp; 4173580 |
|  | &nbsp;&nbsp;&nbsp;Federal National Mtg Assoc., CMO REMIC, |  |  |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2009-17 Class AH, 0.479% due 3/25/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 268090 | &nbsp;&nbsp;&nbsp;&nbsp; 222478 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2012-129 Class LA, 3.50% due 12/25/2042 | &nbsp;&nbsp;&nbsp;&nbsp; 987452 | &nbsp;&nbsp;&nbsp;&nbsp; 935005 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-81 Class FW, 4.289% (SOFR30A + 0.41%) due 1/25/2043 | &nbsp;&nbsp;&nbsp;&nbsp; 2328318 | &nbsp;&nbsp;&nbsp;&nbsp; 2306597 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-25 Class VB, 5.50% due 3/25/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 9801316 | &nbsp;&nbsp;&nbsp;&nbsp; 10051487 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-70 Class MP, 4.50% due 10/25/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 14054488 | &nbsp;&nbsp;&nbsp;&nbsp; 13907295 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-90 Class PC, 4.00% due 10/25/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 18918782 | &nbsp;&nbsp;&nbsp;&nbsp; 18418707 |
|  | &nbsp;&nbsp;&nbsp;Federal National Mtg Assoc., Grantor Trust, CMO, Series 2017-T1 Class A, 2.898% due 6/25/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 17771575 | &nbsp;&nbsp;&nbsp;&nbsp; 17502635 |
|  | &nbsp;&nbsp;&nbsp;Federal National Mtg Assoc., UMBS Collateral, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool AS9749, 4.00% due 6/1/2047 | &nbsp;&nbsp;&nbsp;&nbsp; 6725 | &nbsp;&nbsp;&nbsp;&nbsp; 6496 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool BM4324, 3.50% due 7/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1354630 | &nbsp;&nbsp;&nbsp;&nbsp; 1340885 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool BP9550, 2.50% due 7/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 5534 | &nbsp;&nbsp;&nbsp;&nbsp; 5289 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool BP9589, 2.50% due 8/1/2035 | &nbsp;&nbsp;&nbsp;&nbsp; 419563 | &nbsp;&nbsp;&nbsp;&nbsp; 401009 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool CB2301, 3.00% due 12/1/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 26397167 | &nbsp;&nbsp;&nbsp;&nbsp; 23358152 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool CB3050, 2.50% due 3/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 17219817 | &nbsp;&nbsp;&nbsp;&nbsp; 14648042 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool FS5447, 2.50% due 9/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 2416754 | &nbsp;&nbsp;&nbsp;&nbsp; 2060776 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool FS6130, 2.50% due 7/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 16786512 | &nbsp;&nbsp;&nbsp;&nbsp; 14279451 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool FS6157, 3.00% due 9/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 74847821 | &nbsp;&nbsp;&nbsp;&nbsp; 66493675 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool FS6212, 1.50% due 5/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1550217 | &nbsp;&nbsp;&nbsp;&nbsp; 1473383 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool FS7577, 2.50% due 1/1/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 20375616 | &nbsp;&nbsp;&nbsp;&nbsp; 17332523 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool FS7757, 2.50% due 2/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 17919158 | &nbsp;&nbsp;&nbsp;&nbsp; 15184995 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool FS7879, 2.50% due 7/1/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 14477750 | &nbsp;&nbsp;&nbsp;&nbsp; 12251351 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool MA3465, 4.00% due 9/1/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 2400723 | &nbsp;&nbsp;&nbsp;&nbsp; 2370743 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool MA4390, 2.00% due 7/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 710247 | &nbsp;&nbsp;&nbsp;&nbsp; 683796 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool MA5138, 5.50% due 9/1/2053 | &nbsp;&nbsp;&nbsp;&nbsp; 3881048 | &nbsp;&nbsp;&nbsp;&nbsp; 3945966 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool MA5139, 6.00% due 9/1/2053 | &nbsp;&nbsp;&nbsp;&nbsp; 3033962 | &nbsp;&nbsp;&nbsp;&nbsp; 3118065 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Flagstar Mortgage Trust, Whole Loan Securities Trust CMO, Series 2017-1 Class 2A2, 3.00% due 3/25/2047 | &nbsp;&nbsp;&nbsp;&nbsp; 830171 | &nbsp;&nbsp;&nbsp;&nbsp; 765747 |
|  | &nbsp;&nbsp;&nbsp;GCAT Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-NQM3 Class A1, 3.686% due 11/25/2059 | &nbsp;&nbsp;&nbsp;&nbsp; 1687861 | &nbsp;&nbsp;&nbsp;&nbsp; 1648249 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-CM1 Class A, 2.469% due 4/25/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 5307961 | &nbsp;&nbsp;&nbsp;&nbsp; 5121058 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-CM2 Class A1, 2.352% due 8/25/2066 | &nbsp;&nbsp;&nbsp;&nbsp; 12060972 | &nbsp;&nbsp;&nbsp;&nbsp; 11511839 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM4 Class A1, 1.093% due 8/25/2066 | &nbsp;&nbsp;&nbsp;&nbsp; 9947235 | &nbsp;&nbsp;&nbsp;&nbsp; 8409357 |
|  | &nbsp;&nbsp;&nbsp;Government National Mtg Assoc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool MA7368, 3.00% due 5/20/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 13882031 | &nbsp;&nbsp;&nbsp;&nbsp; 12503619 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool MA7706, 3.00% due 11/20/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 60108756 | &nbsp;&nbsp;&nbsp;&nbsp; 54112363 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pool MA8098, 3.00% due 6/20/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 99763476 | &nbsp;&nbsp;&nbsp;&nbsp; 89783874 |
|  | &nbsp;&nbsp;&nbsp;Government National Mtg Assoc., CMBS, Series 2023-104 Class AD, 4.00% due 1/16/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 22601461 | &nbsp;&nbsp;&nbsp;&nbsp; 21587984 |
|  | &nbsp;&nbsp;&nbsp;Government National Mtg Assoc., CMO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-27 Class ED, 1.00% due 2/20/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 5895470 | &nbsp;&nbsp;&nbsp;&nbsp; 4609015 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-110 Class L, 1.00% due 6/20/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 13371320 | &nbsp;&nbsp;&nbsp;&nbsp; 12193471 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-139 Class DT, 5.00% due 3/20/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 14414206 | &nbsp;&nbsp;&nbsp;&nbsp; 14467104 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-177 Class PA, 4.50% due 10/20/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 18162996 | &nbsp;&nbsp;&nbsp;&nbsp; 17930379 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-69 Class GJ, 4.50% due 1/20/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 9623860 | &nbsp;&nbsp;&nbsp;&nbsp; 9521973 |
| **<sup>b,c,e</sup>** | &nbsp;&nbsp;&nbsp;Greystone Commercial Real Estate Notes Ltd., CMBS, Series 2021-FL3 Class A, 4.885% (TSFR1M + 1.13%) due 7/15/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 1056776 | &nbsp;&nbsp;&nbsp;&nbsp; 1056115 |
|  | &nbsp;&nbsp;&nbsp;GS Mortgage-Backed Securities Corp. Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-PJ2 Class B3, 3.546% due 7/25/2050 | &nbsp;&nbsp;&nbsp;&nbsp; 4773566 | &nbsp;&nbsp;&nbsp;&nbsp; 4225036 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-CCM1 Class A1, 6.65% due 8/25/2053 | &nbsp;&nbsp;&nbsp;&nbsp; 8073101 | &nbsp;&nbsp;&nbsp;&nbsp; 8058392 |
|  | &nbsp;&nbsp;&nbsp;GS Mortgage-Backed Securities Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-PJ2 Class A4, 5.50% due 5/25/2053 | &nbsp;&nbsp;&nbsp;&nbsp; 3113977 | &nbsp;&nbsp;&nbsp;&nbsp; 3141835 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-RPL2 Class A1, 3.75% due 7/25/2061 | &nbsp;&nbsp;&nbsp;&nbsp; 4322037 | &nbsp;&nbsp;&nbsp;&nbsp; 4240901 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-RPL4 Class A1, 3.90% due 9/25/2061 | &nbsp;&nbsp;&nbsp;&nbsp; 3525243 | &nbsp;&nbsp;&nbsp;&nbsp; 3469214 |
|  | &nbsp;&nbsp;&nbsp;Harvest Commercial Capital Loan Trust, CMBS, Series 2024-1 Class A, 6.164% due 10/25/2056 | &nbsp;&nbsp;&nbsp;&nbsp; 13418106 | &nbsp;&nbsp;&nbsp;&nbsp; 13749759 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;HOMES Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-NQM1 Class A1, 6.182% due 1/25/2068 | &nbsp;&nbsp;$5897379 | &nbsp;&nbsp;$5884689 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-NQM1 Class A1, 5.915% due 7/25/2069 | &nbsp;&nbsp;&nbsp;&nbsp; 3361575 | &nbsp;&nbsp;&nbsp;&nbsp; 3389801 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Homeward Opportunities Fund Trust, Whole Loan Securities Trust CMO, Series 2024-RRTL2 Class A1, 5.989% due 9/25/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 9700000 | &nbsp;&nbsp;&nbsp;&nbsp; 9722894 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Hudson Yards Mortgage Trust, CMBS, Series 2019-55HY Class A, 2.943% due 12/10/2041 | &nbsp;&nbsp;&nbsp;&nbsp; 5870000 | &nbsp;&nbsp;&nbsp;&nbsp; 5530955 |
|  | &nbsp;&nbsp;&nbsp;Imperial Fund Mortgage Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM3 Class A1, 1.595% due 11/25/2056 | &nbsp;&nbsp;&nbsp;&nbsp; 12768201 | &nbsp;&nbsp;&nbsp;&nbsp; 11069854 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM4 Class A1, 2.091% due 1/25/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 16652095 | &nbsp;&nbsp;&nbsp;&nbsp; 14626164 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-NQM1 Class A1, 2.493% due 2/25/2067 | &nbsp;&nbsp;&nbsp;&nbsp; 27636978 | &nbsp;&nbsp;&nbsp;&nbsp; 25580190 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-NQM2 Class A1, 3.638% due 3/25/2067 | &nbsp;&nbsp;&nbsp;&nbsp; 18085860 | &nbsp;&nbsp;&nbsp;&nbsp; 17634548 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-NQM4 Class A1, 4.767% due 6/25/2067 | &nbsp;&nbsp;&nbsp;&nbsp; 20992154 | &nbsp;&nbsp;&nbsp;&nbsp; 20922288 |
|  | &nbsp;&nbsp;&nbsp;JP Morgan Mortgage Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-IVR3 Class B4, 5.913% due 9/25/2044 | &nbsp;&nbsp;&nbsp;&nbsp; 1273269 | &nbsp;&nbsp;&nbsp;&nbsp; 1276693 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-3 Class B2, 3.698% due 9/25/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 2068576 | &nbsp;&nbsp;&nbsp;&nbsp; 1945523 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-6 Class B2, 3.90% due 12/25/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 847465 | &nbsp;&nbsp;&nbsp;&nbsp; 789389 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-5 Class B3, 4.449% due 11/25/2049 | &nbsp;&nbsp;&nbsp;&nbsp; 7007807 | &nbsp;&nbsp;&nbsp;&nbsp; 6686348 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-HYB1 Class B3, 5.017% due 10/25/2049 | &nbsp;&nbsp;&nbsp;&nbsp; 4993745 | &nbsp;&nbsp;&nbsp;&nbsp; 5031226 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-INV2 Class B3A, 3.708% due 2/25/2050 | &nbsp;&nbsp;&nbsp;&nbsp; 8457798 | &nbsp;&nbsp;&nbsp;&nbsp; 7467594 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-LTV2 Class A1, 2.52% due 5/25/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 29209696 | &nbsp;&nbsp;&nbsp;&nbsp; 24830157 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022- LTV1 Class A1, 3.25% due 7/25/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 10871802 | &nbsp;&nbsp;&nbsp;&nbsp; 9712624 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-2 Class A6A, 2.50% due 8/25/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 22927767 | &nbsp;&nbsp;&nbsp;&nbsp; 21254956 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-DSC1 Class A1, 4.75% due 1/25/2063 | &nbsp;&nbsp;&nbsp;&nbsp; 6852693 | &nbsp;&nbsp;&nbsp;&nbsp; 7033528 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-CCM1 Class A4, 5.50% due 6/25/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 13294097 | &nbsp;&nbsp;&nbsp;&nbsp; 13336266 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;LEX Mortgage Trust, CMBS, Series 2024-BBG Class A, 4.874% due 10/13/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 3740000 | &nbsp;&nbsp;&nbsp;&nbsp; 3763958 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Manhattan West Mortgage Trust, CMBS, Series 2020-1MW Class A, 2.13% due 9/10/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 3697000 | &nbsp;&nbsp;&nbsp;&nbsp; 3558094 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;Merrill Lynch Mortgage Investors Trust, Whole Loan Securities Trust CMO, Series 2004-A4 Class M1, 5.115% due 8/25/2034 | &nbsp;&nbsp;&nbsp;&nbsp; 72172 | &nbsp;&nbsp;&nbsp;&nbsp; 69925 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Metlife Securitization Trust, Whole Loan Securities Trust CMO, Series 2019-1A Class A1A, 3.75% due 4/25/2058 | &nbsp;&nbsp;&nbsp;&nbsp; 513506 | &nbsp;&nbsp;&nbsp;&nbsp; 511881 |
|  | &nbsp;&nbsp;&nbsp;MFA Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-NQM2 Class A1, 1.381% due 4/25/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 2458323 | &nbsp;&nbsp;&nbsp;&nbsp; 2369162 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-NQM3 Class A1, 1.014% due 1/26/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 1406740 | &nbsp;&nbsp;&nbsp;&nbsp; 1345480 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-AEI1 Class A4, 2.50% due 8/25/2051 | &nbsp;&nbsp;&nbsp;&nbsp; 13989568 | &nbsp;&nbsp;&nbsp;&nbsp; 12208873 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-INV1 Class A1, 0.852% due 1/25/2056 | &nbsp;&nbsp;&nbsp;&nbsp; 1022541 | &nbsp;&nbsp;&nbsp;&nbsp; 980952 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-INV2 Class A1, 1.906% due 11/25/2056 | &nbsp;&nbsp;&nbsp;&nbsp; 16248201 | &nbsp;&nbsp;&nbsp;&nbsp; 14732144 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-CHM1 Class A1, 4.875% due 9/25/2056 | &nbsp;&nbsp;&nbsp;&nbsp; 13944347 | &nbsp;&nbsp;&nbsp;&nbsp; 13869293 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-INV1 Class A3, 4.25% due 4/25/2066 | &nbsp;&nbsp;&nbsp;&nbsp; 4995000 | &nbsp;&nbsp;&nbsp;&nbsp; 4844057 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-NQM1 Class A3, 4.20% due 12/25/2066 | &nbsp;&nbsp;&nbsp;&nbsp; 13129000 | &nbsp;&nbsp;&nbsp;&nbsp; 12615261 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-NQM2 Class A1, 4.00% due 5/25/2067 | &nbsp;&nbsp;&nbsp;&nbsp; 4754044 | &nbsp;&nbsp;&nbsp;&nbsp; 4858259 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-RPL1 Class A1, 4.25% due 2/25/2066 | &nbsp;&nbsp;&nbsp;&nbsp; 8517063 | &nbsp;&nbsp;&nbsp;&nbsp; 8207474 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Mill City Mortgage Loan Trust, Whole Loan Securities Trust CMO, Series 2023-NQM1 Class A1, 6.05% due 10/25/2067 | &nbsp;&nbsp;&nbsp;&nbsp; 10207261 | &nbsp;&nbsp;&nbsp;&nbsp; 10182609 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Mill City Securities Ltd., Whole Loan Securities Trust CMO, Series 2024-RS1 Class A1, 3.00% due 11/1/2069 | &nbsp;&nbsp;&nbsp;&nbsp; 4781968 | &nbsp;&nbsp;&nbsp;&nbsp; 4588026 |
|  | &nbsp;&nbsp;&nbsp;Morgan Stanley Bank of America Merrill Lynch Trust, CMBS, Series 2015-C22 Class A4, 3.306% due 4/15/2048 | &nbsp;&nbsp;&nbsp;&nbsp; 158062 | &nbsp;&nbsp;&nbsp;&nbsp; 157526 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;Morgan Stanley Capital I Trust, CMBS, Series 2024-BPR2 Class A, 7.291% due 5/5/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 7609113 | &nbsp;&nbsp;&nbsp;&nbsp; 8045088 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;Morgan Stanley Residential Mortgage Loan Trust, Whole Loan Securities Trust CMO, Series 2024-RPL1 Class A1, 4.00% due 6/25/2064 | &nbsp;&nbsp;&nbsp;&nbsp; 13141895 | &nbsp;&nbsp;&nbsp;&nbsp; 12985044 |
|  | &nbsp;&nbsp;&nbsp;New Residential Mortgage Loan Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-2A Class A3, 4.00% due 3/25/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 1998794 | &nbsp;&nbsp;&nbsp;&nbsp; 1964128 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-3A Class A1, 4.00% due 4/25/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 2417073 | &nbsp;&nbsp;&nbsp;&nbsp; 2369876 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-4A Class A1, 4.00% due 5/25/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 2702036 | &nbsp;&nbsp;&nbsp;&nbsp; 2631671 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-5A Class A1, 5.346% (TSFR1M + 1.61%) due 6/25/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 171783 | &nbsp;&nbsp;&nbsp;&nbsp; 173851 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-6A Class A1, 4.00% due 8/27/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 1161310 | &nbsp;&nbsp;&nbsp;&nbsp; 1135084 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-1A Class A1A, 4.00% due 12/25/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 1426106 | &nbsp;&nbsp;&nbsp;&nbsp; 1390261 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-2A Class A1, 4.50% due 2/25/2058 | &nbsp;&nbsp;&nbsp;&nbsp; 2361922 | &nbsp;&nbsp;&nbsp;&nbsp; 2350490 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-RPL1 Class A1, 3.50% due 12/25/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 1434008 | &nbsp;&nbsp;&nbsp;&nbsp; 1404182 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-NQM3 Class A1, 3.90% due 4/25/2062 | &nbsp;&nbsp;&nbsp;&nbsp; 28332375 | &nbsp;&nbsp;&nbsp;&nbsp; 26910558 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-RPL1 Class A, 3.80% due 1/25/2064 | &nbsp;&nbsp;&nbsp;&nbsp; 21629782 | &nbsp;&nbsp;&nbsp;&nbsp; 20582566 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-RTL1 Class A1, 6.664% due 3/25/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 7600000 | &nbsp;&nbsp;&nbsp;&nbsp; 7635212 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;NYC Commercial Mortgage Trust, CMBS, Series 2021-909 Class A, 2.941% due 4/10/2043 | &nbsp;&nbsp;&nbsp;&nbsp; 4900000 | &nbsp;&nbsp;&nbsp;&nbsp; 4257530 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;NYMT Loan Trust, Whole Loan Securities Trust CMO, Series 2024-BPL2 Class A1, 6.509% due 5/25/2039 | &nbsp;&nbsp;&nbsp;&nbsp; 8675000 | &nbsp;&nbsp;&nbsp;&nbsp; 8752973 |
|  | &nbsp;&nbsp;&nbsp;OBX Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NQM4 Class A1, 1.957% due 10/25/2061 | &nbsp;&nbsp;&nbsp;&nbsp; 21166021 | &nbsp;&nbsp;&nbsp;&nbsp; 18296601 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-NQM11 Class A1, 5.875% due 6/25/2064 | &nbsp;&nbsp;&nbsp;&nbsp; 3041909 | &nbsp;&nbsp;&nbsp;&nbsp; 3072501 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;One Bryant Park Trust, CMBS, Series 2019-OBP Class A, 2.516% due 9/15/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 18455652 | &nbsp;&nbsp;&nbsp;&nbsp; 17132519 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;PRET Trust, Whole Loan Securities Trust CMO, Series 2024-RPL1 Class A1, 3.90% due 10/25/2063 | &nbsp;&nbsp;&nbsp;&nbsp; 3009812 | &nbsp;&nbsp;&nbsp;&nbsp; 2917810 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;PRKCM Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-AFC1 Class A1, 1.51% due 8/25/2056 | &nbsp;&nbsp;$22682430 | &nbsp;&nbsp;$19518420 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-AFC2 Class A1, 2.071% due 11/25/2056 | &nbsp;&nbsp;&nbsp;&nbsp; 13530860 | &nbsp;&nbsp;&nbsp;&nbsp; 12104207 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-HOME1 Class A1, 6.431% due 5/25/2059 | &nbsp;&nbsp;&nbsp;&nbsp; 8573458 | &nbsp;&nbsp;&nbsp;&nbsp; 8683339 |
|  | &nbsp;&nbsp;&nbsp;PRPM LLC, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-RPL2 Class A1, 3.50% due 5/25/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 11662609 | &nbsp;&nbsp;&nbsp;&nbsp; 11533904 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-RPL3 Class A1, 3.25% due 4/25/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 13589790 | &nbsp;&nbsp;&nbsp;&nbsp; 13170772 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-RPL4 Class A1, 3.00% due 5/25/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 10791832 | &nbsp;&nbsp;&nbsp;&nbsp; 10261916 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;PRPM Trust, Whole Loan Securities Trust CMO, Series 2022-INV1 Class A1, 4.40% due 4/25/2067 | &nbsp;&nbsp;&nbsp;&nbsp; 24720508 | &nbsp;&nbsp;&nbsp;&nbsp; 24756631 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Radian Mortgage Capital Trust, Whole Loan Securities Trust CMO, Series 2024-J2 Class A16, 5.50% due 3/25/2055 | &nbsp;&nbsp;&nbsp;&nbsp; 5287909 | &nbsp;&nbsp;&nbsp;&nbsp; 5298429 |
|  | &nbsp;&nbsp;&nbsp;RAMP Trust, Whole Loan Securities Trust CMO, Series 2003-SL1 Class A31, 7.125% due 4/25/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 139228 | &nbsp;&nbsp;&nbsp;&nbsp; 141314 |
|  | &nbsp;&nbsp;&nbsp;Rate Mortgage Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2022-J1 Class A9, 2.50% due 1/25/2052 | &nbsp;&nbsp;&nbsp;&nbsp; 41318832 | &nbsp;&nbsp;&nbsp;&nbsp; 36902766 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-J4 Class A5, 5.50% due 12/25/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 13997177 | &nbsp;&nbsp;&nbsp;&nbsp; 14071148 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;RCKT Mortgage Trust, Whole Loan Securities Trust CMO, Series 2020-1 Class B3, 3.47% due 2/25/2050 | &nbsp;&nbsp;&nbsp;&nbsp; 2844458 | &nbsp;&nbsp;&nbsp;&nbsp; 2586412 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Residential Mortgage Loan Trust, Whole Loan Securities Trust CMO, Series 2020-2 Class A2, 2.508% due 5/25/2060 | &nbsp;&nbsp;&nbsp;&nbsp; 1038021 | &nbsp;&nbsp;&nbsp;&nbsp; 1030516 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;ROCK Trust, CMBS, Series 2024-CNTR Class A, 5.388% due 11/13/2041 | &nbsp;&nbsp;&nbsp;&nbsp; 7700000 | &nbsp;&nbsp;&nbsp;&nbsp; 7913186 |
|  | &nbsp;&nbsp;&nbsp;Seasoned Loans Structured Transaction Trust, Whole Loan Securities Trust CMO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-2 Class A1C, 2.75% due 9/25/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 11853614 | &nbsp;&nbsp;&nbsp;&nbsp; 11418087 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-3 Class A1C, 2.75% due 11/25/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 1911612 | &nbsp;&nbsp;&nbsp;&nbsp; 1817393 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2 Class A1C, 2.00% due 9/25/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 17088722 | &nbsp;&nbsp;&nbsp;&nbsp; 15924235 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2 Class A1D, 1.75% due 9/25/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 27405405 | &nbsp;&nbsp;&nbsp;&nbsp; 25352633 |
|  | &nbsp;&nbsp;&nbsp;Sequoia Mortgage Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-6 Class B4, 3.525% due 5/25/2043 | &nbsp;&nbsp;&nbsp;&nbsp; 716584 | &nbsp;&nbsp;&nbsp;&nbsp; 554762 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2013-7 Class B4, 3.508% due 6/25/2043 | &nbsp;&nbsp;&nbsp;&nbsp; 408200 | &nbsp;&nbsp;&nbsp;&nbsp; 316642 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-3 Class A1, 6.00% due 9/25/2053 | &nbsp;&nbsp;&nbsp;&nbsp; 2954933 | &nbsp;&nbsp;&nbsp;&nbsp; 3005235 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;SFO Commercial Mortgage Trust, CMBS, Series 2021-555 Class A, 5.015% (TSFR1M + 1.26%) due 5/15/2038 | &nbsp;&nbsp;&nbsp;&nbsp; 10872000 | &nbsp;&nbsp;&nbsp;&nbsp; 10792056 |
|  | &nbsp;&nbsp;&nbsp;SG Residential Mortgage Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2 Class A1, 1.381% due 5/25/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 5910987 | &nbsp;&nbsp;&nbsp;&nbsp; 5482885 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2 Class A2, 1.587% due 5/25/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 1153078 | &nbsp;&nbsp;&nbsp;&nbsp; 1074480 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2 Class A3, 1.895% due 5/25/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 393673 | &nbsp;&nbsp;&nbsp;&nbsp; 369365 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-2 Class A1, 1.737% due 12/25/2061 | &nbsp;&nbsp;&nbsp;&nbsp; 12127423 | &nbsp;&nbsp;&nbsp;&nbsp; 10627576 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Shellpoint Asset Funding Trust, Whole Loan Securities Trust CMO, Series 2013-1 Class A1, 3.75% due 7/25/2043 | &nbsp;&nbsp;&nbsp;&nbsp; 675092 | &nbsp;&nbsp;&nbsp;&nbsp; 647130 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;SKY Trust, CMBS, Series 2025-LINE Class A, 6.339% (TSFR1M + 2.59%) due 4/15/2042 | &nbsp;&nbsp;&nbsp;&nbsp; 2446306 | &nbsp;&nbsp;&nbsp;&nbsp; 2458620 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;SLG Office Trust, CMBS, Series 2021-OVA Class A, 2.585% due 7/15/2041 | &nbsp;&nbsp;&nbsp;&nbsp; 13752000 | &nbsp;&nbsp;&nbsp;&nbsp; 12267792 |
|  | &nbsp;&nbsp;&nbsp;Starwood Mortgage Residential Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-3 Class A1, 1.486% due 4/25/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 1409795 | &nbsp;&nbsp;&nbsp;&nbsp; 1374899 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-5 Class A1, 1.92% due 9/25/2066 | &nbsp;&nbsp;&nbsp;&nbsp; 18103234 | &nbsp;&nbsp;&nbsp;&nbsp; 15317553 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;Structured Asset Securities Corp., Mortgage Pass-Through Certificates, Whole Loan Securities Trust CMO, Series 2003-9A Class 2A2, 5.881% due 3/25/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 196025 | &nbsp;&nbsp;&nbsp;&nbsp; 198083 |
|  | &nbsp;&nbsp;&nbsp;Towd Point Mortgage Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-1 Class A1, 3.00% due 1/25/2058 | &nbsp;&nbsp;&nbsp;&nbsp; 53853 | &nbsp;&nbsp;&nbsp;&nbsp; 53392 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-2 Class A1, 3.25% due 3/25/2058 | &nbsp;&nbsp;&nbsp;&nbsp; 3476461 | &nbsp;&nbsp;&nbsp;&nbsp; 3441164 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-6 Class A1A, 3.75% due 3/25/2058 | &nbsp;&nbsp;&nbsp;&nbsp; 1441999 | &nbsp;&nbsp;&nbsp;&nbsp; 1432707 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-R1 Class A1, 4.00% due 11/27/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 17654781 | &nbsp;&nbsp;&nbsp;&nbsp; 15859429 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-R2 Class A1, 4.50% due 9/25/2064 | &nbsp;&nbsp;&nbsp;&nbsp; 9514227 | &nbsp;&nbsp;&nbsp;&nbsp; 8730250 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;TRK Trust, Whole Loan Securities Trust CMO, Series 2022-INV2 Class A1, 4.35% due 6/25/2057 | &nbsp;&nbsp;&nbsp;&nbsp; 18113264 | &nbsp;&nbsp;&nbsp;&nbsp; 17947217 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Verus Securitization Trust, Whole Loan Securities Trust CMO, Series 2021-R1 Class A1, 0.82% due 10/25/2063 | &nbsp;&nbsp;&nbsp;&nbsp; 1945971 | &nbsp;&nbsp;&nbsp;&nbsp; 1840273 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;Visio Trust, Whole Loan Securities Trust CMO, Series 2019-2 Class M1, 3.26% due 11/25/2054 | &nbsp;&nbsp;&nbsp;&nbsp; 1415000 | &nbsp;&nbsp;&nbsp;&nbsp; 1379017 |
|  | &nbsp;&nbsp;&nbsp;Vista Point Securitization Trust, Whole Loan Securities Trust CMO, |  |  |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1 Class A3, 3.201% due 3/25/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 1753436 | &nbsp;&nbsp;&nbsp;&nbsp; 1740914 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-2 Class A1, 1.475% due 4/25/2065 | &nbsp;&nbsp;&nbsp;&nbsp; 4357544 | &nbsp;&nbsp;&nbsp;&nbsp; 4215928 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;WB Commercial Mortgage Trust, CMBS, Series 2024-HQ Class A, 5.937% due 3/15/2040 | &nbsp;&nbsp;&nbsp;&nbsp; 4050000 | &nbsp;&nbsp;&nbsp;&nbsp; 4046635 |
| **<sup>b,c</sup>** | &nbsp;&nbsp;&nbsp;WinWater Mortgage Loan Trust, Whole Loan Securities Trust CMO, Series 2015-3 Class B4, 3.827% due 3/20/2045 | &nbsp;&nbsp;&nbsp;&nbsp; 818158 | &nbsp;&nbsp;&nbsp;&nbsp; 771069 |
|  | &nbsp;&nbsp;&nbsp;Total Mortgage Backed (Cost $2,338,704,668) |  | &nbsp;&nbsp;&nbsp;&nbsp;2307976112 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Issuer-Description** | &nbsp;&nbsp;**SHARES/<br> PRINCIPAL AMOUNT** | &nbsp;&nbsp;**VALUE** |
|  | **Short-Term Investments — 6.4%** |  |  |
| **<sup>g</sup>** | &nbsp;&nbsp;&nbsp;Thornburg Capital Management Fund | &nbsp;&nbsp; 39785825 | &nbsp;&nbsp;$397858247 |
|  | &nbsp;&nbsp;&nbsp;Total Short-Term Investments (Cost $397,858,247) |  | &nbsp;&nbsp;&nbsp;&nbsp; 397858247 |
|  | **Total Investments — 99.4% (Cost $6,238,170,091)** |  | &nbsp;&nbsp;$6186062915 |
|  | **Other Assets Less Liabilities — 0.6%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39191318 |
|  | **Net Assets — 100.0%** |  | &nbsp;&nbsp;$6225254233 |

---

---

| | |
|:---|:---|
| **Footnote Legend** | **Footnote Legend** |
| a | Security currently fair valued by Thornburg Investment Management, Inc.'s Valuation and Pricing Committee. |
| b | Variable, floating, step, or fixed to floating rate securities are securities for which interest rate changes are based on changes in a designated base rate or on a predetermined schedule. The rates shown are those in effect on December 31, 2025. |
| c | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are restricted but liquid and may only be resold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of December 31, 2025, the aggregate value of these securities in the Fund's portfolio was $3,064,429,413, representing 49.23% of the Fund's net assets. |
| d | Bond in default. |
| e | Yankee bond denominated in U.S. dollars and is issued in the U.S. by foreign banks and corporations. |
| f | Non-income producing. |
| g | Investment in Affiliates. |

---

#### Portfolio Abbreviations<br> To simplify the listings of securities, abbreviations are used per the table below:

---

| | |
|:---|:---|
| ABS | Asset Backed Securities |
| AG | Insured by Assured Guaranty, Inc. |
| CMBS | Commercial Mortgage-Backed Securities |
| CMO | Collateralized Mortgage Obligation |
| CMT | Constant Maturity Rate |
| DAC | Designated Activity Company |
| GO | General Obligation |
| H15T1Y | US Treasury Yield Curve Rate T-Note Constant Maturity 1 Year |
| ISD | Independent School District |

---

---

| | |
|:---|:---|
| Mtg | Mortgage |
| REMIC | Real Estate Mortgage Investment Conduit |
| SOFR | Secured Overnight Financing Rate |
| SOFR30A | Secured Overnight Financing Rate 30-Day Average |
| SOFR90A | Secured Overnight Financing Rate 90-Day Average |
| TSFR1M | Term SOFR 1 Month |
| TSFR3M | Term SOFR 3 Month |
| UMBS | Uniform Mortgage-Backed Securities |

---

------

NOTES TO SCHEDULE OF INVESTMENTS

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

#### NOTE 1 – ORGANIZATION
Thornburg Limited Term Income Fund (the "Fund") is a diversified series of Thornburg Investment Trust (the "Trust"). The Trust is organized as a Massachusetts business trust under a Declaration of Trust dated June 3, 1987, and is registered as a diversified, open-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). The Fund is currently one of twenty-six separate series of the Trust. Each series is considered to be a separate entity for financial reporting and tax purposes. The Fund currently offers eight classes of shares of beneficial interest: Class A, Class C, Class C2, Institutional Class ("Class I"), and Retirement Classes ("Class R3", "Class R4", "Class R5", and "Class R6").

#### NOTE 2 – SECURITY VALUATION
Valuation of the Fund's portfolio investment securities is performed by Thornburg Investment Management, Inc., the Trust's investment advisor (the "Advisor"), which has been designated by the Trustees of the Trust (the "Trustees") as the Fund's "valuation designee," as that term is defined in rule 2a-5 under the 1940 Act. The Advisor performs this valuation function under the supervision of the Trustees and in accordance with policies and procedures that have been adopted by the Advisor and approved by the Trustees (the "Valuation Policy and Procedures").

In its capacity as the Fund's valuation designee, the Advisor makes good faith determinations of the fair value of portfolio securities for which market quotations are not readily available, and otherwise complies with and administers the Valuation Policy and Procedures. The Advisor performs those functions in significant measure through its Valuation and Pricing Committee (the "Committee"), though the Advisor may also obtain the assistance of others, including professional pricing service providers selected and approved by the Committee. In accordance with the Valuation Policy and Procedures, the Committee: assesses and manages the material risks associated with determining the fair value of those Fund investments for which market quotations are not readily available; selects and applies methodologies for determining and calculating such fair values; periodically reviews and tests the appropriateness and accuracy of those methodologies; monitors for circumstances that may necessitate the use of fair value; and approves, monitors, and evaluates pricing services engaged to provide evaluated prices for the Fund's investments. The Committee provides reports on its activities to the Trustees' Audit Committee, which is responsible for overseeing the Committee's and the Advisor's work in discharging the functions under the Valuation Policy and Procedures.

In those instances when the Committee assists in calculating a fair value for a portfolio investment, the Committee seeks to determine the price that the Fund would reasonably expect to receive upon a sale of the investment in an orderly transaction between market participants on the valuation date. The Committee customarily utilizes quotations from securities broker dealers in calculating valuations, but also may utilize prices obtained from pricing service providers or other methods selected by the Committee. Because fair values calculated by the Committee are estimates, the calculation of a fair value for an investment may differ from the price that would be realized by the Fund upon a sale of the investment, and the difference could be material to the Fund's financial statements. The Committee's calculation of a fair value for an investment may also differ from the prices obtained by other persons (including other mutual funds) for the investment.

<u>Valuation of Securities:</u> Securities and other portfolio investments which are listed or traded on a United States securities exchange are generally valued at the last reported sale price on the valuation date or, if there has been no sale of the investment on that date, at the mean between the last reported bid and asked prices for the investment on that date. Portfolio investments reported by NASDAQ are valued at the official closing price on the valuation date. If an investment is traded on more than one exchange, the investment is considered traded on the exchange that is normally the primary market for that investment. For securities and other portfolio investments which are primarily listed or traded on an exchange outside the United States, the time for determining the investment's value in accordance with the first sentence of this paragraph will be the close of that investment's primary exchange preceding the Fund's valuation time.

In any case when a market quotation is not readily available for a portfolio investment ordinarily valued by market quotation, the Committee calculates a fair value for the investment using methodologies selected and approved by the Committee as described in the Valuation Policy and Procedures, subject to changes or additions by the Committee. For this purpose, a market quotation is considered to be readily available if it is a quoted price (unadjusted) in active markets for identical investments that the Fund can access at the measurement date. Pursuant to the Valuation Policy and Procedures, the Committee shall monitor for circumstances that may necessitate the use of fair valuation methodologies, including circumstances in which a market quotation for an investment is no longer reliable or is otherwise not readily available. For that purpose, a market quotation is not readily available when the primary market or exchange for the applicable investment is not open for the entire scheduled day of trading. A market quotation may also not be readily available if: (a) developments occurring after the most recent close of the applicable investment's primary exchange, but prior to the close of business on any business day; or (b) an unusual event or significant period of time occurring since the availability of the market quotation, create a serious question concerning the reliability of that market quotation. Additionally, a market quotation will be considered unreliable if it would require adjustment under GAAP, or where GAAP would require consideration of additional inputs in determining the value of the investment. The Committee customarily obtains valuations in those instances from pricing service providers approved by the Committee. Such pricing service providers ordinarily calculate valuations using multi-factor models to adjust market prices based upon various inputs, including exchange data, depository receipt prices, futures, index data, and other data.

------

NOTES TO SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Income Fund** | *December 31, 2025 (Unaudited)* |

---

------

Investments in U.S. mutual funds are valued at net asset value ("NAV") each business day.

Debt obligations held by the Fund which are not listed or traded on exchanges or for which no reported market exists are ordinarily valued at the valuation obtained from a pricing service provider approved by the Committee.

In any case when a pricing service provider fails to provide a valuation for a debt obligation held by the Fund, the Committee may calculate a fair value for the obligation using alternative methods selected and approved by the Committee. Additionally, in cases when the Committee believes that a valuation obtained from a pricing service provider is stale, does not reflect material factors affecting the valuation of the investment, is significantly different than the value the Fund is likely to obtain if it sought a bid for the investment, or is otherwise unreliable, the Committee may calculate a fair value for the obligation using an alternative method selected and approved by the Committee.

#### NOTE 3 – Investments with Affiliates
Shown below are holdings of voting securities of each portfolio company which is considered "affiliated" to the Fund under the 1940 Act, including companies for which the Fund's holding represented 5% or more of the company's voting securities, and a series of the Thornburg Investment Trust in which the Fund invested for cash management purposes during the period:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Market Value<br> 9/30/25** | &nbsp;&nbsp;**Purchases<br> at Cost** | &nbsp;&nbsp;**Sales<br> Proceeds** | &nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;**Change in<br> Unrealized<br> Appr./(Depr.)** | &nbsp;&nbsp;**Market Value<br> 12/31/25** | &nbsp;&nbsp;**Dividend<br> Income** |
| Thornburg Capital Mgmt. Fund | $319557446 | &nbsp;&nbsp;$447762552 | &nbsp;&nbsp;$(369461751) | &nbsp;&nbsp;$- | &nbsp;&nbsp;$- | &nbsp;&nbsp;$397858247 | &nbsp;&nbsp;$4006797 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** THORNBURG INVESTMENT TRUST

- **b. Investment Company Act file number:** 811-05201

- **c. CIK number of Registrant:** 0000816153

- **d. LEI of Registrant:** 5493001XM52H8S4WYY82

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

  - **Street Address 1:** 2300 NORTH RIDGETOP ROAD

  - **City:** SANTA FE

  - **State:** NM

  - **Foreign country:** US

  - **Zip / Postal Code:** 87506-8361

  - **Telephone number:** 505-984-0200

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

- **a. Name of Series:** Thornburg Limited Term Income Fund

- **b. EDGAR series identifier (if any):** S000011845

- **c. LEI of Series:** 549300TTKQL3842TC885

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

- **a. Date of fiscal year-end:** 2026-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $6230186054.81

**Total Liabilities:** $24303115.16

**Net Assets:** $6205882939.65

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -22280.98000000 | **1-Year:** -203556.16000000 | **5-Year:** -463749.95000000 | **10-Year:** -302043.03000000 | **30-Year:** -74141.35000000

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

- **3-Month:** -3935.61000000 | **1-Year:** -38010.91000000 | **5-Year:** -59050.90000000 | **10-Year:** -42570.65000000 | **30-Year:** -9504.92000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032357 | 0.47%                | 0.54%                | 0.15%                |
| Class ID C000032358 | 0.45%                | 0.52%                | 0.13%                |
| Class ID C000032359 | 0.49%                | 0.56%                | 0.18%                |
| Class ID C000042668 | 0.45%                | 0.52%                | 0.14%                |
| Class ID C000113848 | 0.49%                | 0.56%                | 0.18%                |
| Class ID C000136849 | 0.53%                | 0.45%                | 0.14%                |
| Class ID C000177478 | 0.57%                | 0.57%                | 0.11%                |
| Class ID C000222325 | 0.43%                | 0.50%                | 0.11%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $944411.64               | $10349582.16                               |
| Month 2  | $-453215.93              | $13149096.63                               |
| Month 3  | $6055627.52              | $-16577475.05                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACHD Trust                                                        | ACHD Trust 2025-DS1                                                             | CUSIP: 00092TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4135000 | PA      | $4136718.59   | 0.07%             | 2034-01-09      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC                                                     | AEP Texas Inc                                                                   | CUSIP: 00108WAM2<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |   8375000 | PA      | $7629122.50   | 0.12%             | 2030-07-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC                                                     | AEP Texas Inc                                                                   | CUSIP: 00108WAR1<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |   4350000 | PA      | $4487634.00   | 0.07%             | 2033-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC                                                     | AEP Texas Inc                                                                   | CUSIP: 00108WAT7<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2086960.00   | 0.03%             | 2034-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                                      | AES Corp/The                                                                    | CUSIP: 00130HCE3<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   9335000 | PA      | $9321277.55   | 0.15%             | 2026-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                                    | ACM Auto Trust 2023-2                                                           | CUSIP: 00161AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1767068 | PA      | $1784818.62   | 0.03%             | 2030-06-20      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                                    | ACM Auto Trust 2024-1                                                           | CUSIP: 00161CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3045776 | PA      | $3073020.91   | 0.05%             | 2031-01-21      | Fixed         | 11.40%                | No            |                  2 | On Loan: No      |
| AMCR ABS Trust                                                    | AMCR ABS TRUST 2024-A                                                           | CUSIP: 00178EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1401539 | PA      | $1403481.14   | 0.02%             | 2031-08-18      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| ABU DHABI DEVELOPMENT HO                                          | Abu Dhabi Developmental Holding Co PJSC                                         | CUSIP: 00402D2A2<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |  15500000 | PA      | $16050870.00  | 0.26%             | 2029-05-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                                    | ACM Auto Trust 2024-2                                                           | CUSIP: 00461WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    671761 | PA      | $672113.98    | 0.01%             | 2029-02-20      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                                        | Affirm Asset Securitization Trust 2025-X2                                       | CUSIP: 00835DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6899581 | PA      | $6907538.12   | 0.11%             | 2030-10-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                                          | Ajax Mortgage Loan Trust 2022-A                                                 | CUSIP: 009695AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8867242 | PA      | $8664984.71   | 0.14%             | 2061-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                                          | Ajax Mortgage Loan Trust 2019-F                                                 | CUSIP: 00969PAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3323357 | PA      | $3253418.49   | 0.05%             | 2059-07-25      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                                          | Ajax Mortgage Loan Trust 2021-A                                                 | CUSIP: 00971AAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2157445 | PA      | $1962228.68   | 0.03%             | 2065-09-25      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                                          | Ajax Mortgage Loan Trust 2023-C                                                 | CUSIP: 009926AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5996510 | PA      | $5826173.14   | 0.09%             | 2063-05-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE                                            | Alliant Energy Finance LLC                                                      | CUSIP: 01882YAC0<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |   5240000 | PA      | $5202481.60   | 0.08%             | 2026-03-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                    | Amazon.com Inc                                                                  | CUSIP: 023135CT1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   9713000 | PA      | $9723198.65   | 0.16%             | 2030-11-20      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| AMDR ABS Trust                                                    | AMDR ABS TRUST 2025-1                                                           | CUSIP: 02342WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3246004 | PA      | $3251346.18   | 0.05%             | 2033-12-19      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                                          | Amcor Flexibles North America Inc                                               | CUSIP: 02344AAG3<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   4935000 | PA      | $5065284.00   | 0.08%             | 2030-03-17      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust                      | American Credit Acceptance Receivables Trust 2023-1                             | CUSIP: 02530UAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1730 | PA      | $1729.54      | 0.00%             | 2029-04-12      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust                      | American Credit Acceptance Receivables Trust 2024-2                             | CUSIP: 02531BAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2890000 | PA      | $2913046.48   | 0.05%             | 2030-04-12      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                            | American Honda Finance Corp                                                     | CUSIP: 02665WGA3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  13942000 | PA      | $13956917.94  | 0.22%             | 2026-12-11      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                            | American Honda Finance Corp                                                     | CUSIP: 02665WGK1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   9883000 | PA      | $9937751.82   | 0.16%             | 2028-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                                           | American National Group Inc                                                     | CUSIP: 02772AAA7<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |  25662000 | PA      | $26789075.04  | 0.43%             | 2032-06-13      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER TRUST I                                            | American Tower Trust #1                                                         | CUSIP: 03027WAK8<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              |  | US        |   8015000 | PA      | $7935372.58   | 0.13%             | 2028-03-23      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                               | American Tower Corp                                                             | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   3235000 | PA      | $3304067.25   | 0.05%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                               | American Tower Corp                                                             | CUSIP: 03027XCR9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   2497000 | PA      | $2501469.63   | 0.04%             | 2032-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                          | Angel Oak Mortgage Trust 2020-2                                                 | CUSIP: 03464XAC4<br>LEI: 2549003MM0537Y3QHI22 | Long             | ABS-MBS          | CORP              | US        |   3369552 | PA      | $3358760.50   | 0.05%             | 2065-01-26      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                          | Angel Oak Mortgage Trust 2023-2                                                 | CUSIP: 03465GAA4<br>LEI: 254900IWOX9Q54UE4072 | Long             | ABS-MBS          | CORP              | US        |   3982038 | PA      | $3965844.17   | 0.06%             | 2067-10-25      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                          | Angel Oak Mortgage Trust 2023-1                                                 | CUSIP: 03465WAA9<br>LEI: 2549003MM0537Y3QHI22 | Long             | ABS-MBS          | CORP              | US        |  11056906 | PA      | $11019735.09  | 0.18%             | 2067-09-26      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                                                  | Antares Holdings LP                                                             | CUSIP: 03666HAC5<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |  14391000 | PA      | $14325952.68  | 0.23%             | 2026-07-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                                                  | Antares Holdings LP                                                             | CUSIP: 03666HAD3<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |   7360000 | PA      | $7191603.20   | 0.12%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| APPALACHIAN POWER CO                                              | Appalachian Power Co                                                            | CUSIP: 037735CZ8<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2059222.50   | 0.03%             | 2031-04-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| APTARGROUP INC                                                    | AptarGroup Inc                                                                  | CUSIP: 038336AB9<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | DBT              | CORP              | US        |   4572000 | PA      | $4605924.24   | 0.07%             | 2031-03-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                                                | Aqua Finance Trust 2020-A                                                       | CUSIP: 038413AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5196705 | PA      | $4854940.22   | 0.08%             | 2046-07-17      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                                                | Aqua Finance Trust 2020-A                                                       | CUSIP: 038413AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4319694 | PA      | $4160339.84   | 0.07%             | 2046-07-17      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                                                | Aqua Finance Trust 2021-A                                                       | CUSIP: 03842VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4271217 | PA      | $3923727.20   | 0.06%             | 2046-07-17      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd                   | Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd                          | CUSIP: 03880XAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6644881 | PA      | $6644880.52   | 0.11%             | 2037-01-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust                      | Arivo Acceptance Auto Loan Receivables Trust 2024-1                             | CUSIP: 039943AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    761765 | PA      | $766436.60    | 0.01%             | 2028-04-17      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                 | Ares Capital Corp                                                               | CUSIP: 04010LBA0<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3210805.00   | 0.05%             | 2026-07-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE                                            | Arizona Public Service Co                                                       | CUSIP: 040555DH4<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |   4517000 | PA      | $4752200.19   | 0.08%             | 2034-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                             | Arroyo Mortgage Trust 2021-1R                                                   | CUSIP: 042853AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5144799 | PA      | $4598983.61   | 0.07%             | 2048-10-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                             | Arroyo Mortgage Trust 2022-1                                                    | CUSIP: 042855AD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7338000 | PA      | $5945111.92   | 0.10%             | 2056-12-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                             | Arroyo Mortgage Trust 2019-2                                                    | CUSIP: 042858AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    972452 | PA      | $941625.19    | 0.02%             | 2049-04-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                             | Arroyo Mortgage Trust 2019-1                                                    | CUSIP: 042859AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2261710 | PA      | $2212011.88   | 0.04%             | 2049-01-25      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                             | Arroyo Mortgage Trust 2019-1                                                    | CUSIP: 042859AC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1183646 | PA      | $1164344.54   | 0.02%             | 2049-01-25      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                             | Arroyo Mortgage Trust 2019-3                                                    | CUSIP: 04285AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2529794 | PA      | $2423737.28   | 0.04%             | 2048-10-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                             | Arroyo Mortgage Trust 2020-1                                                    | CUSIP: 04285CAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6518000 | PA      | $6196242.71   | 0.10%             | 2055-03-25      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                             | Arroyo Mortgage Trust 2020-1                                                    | CUSIP: 04285CAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4500000 | PA      | $4164684.17   | 0.07%             | 2055-03-25      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                             | Arroyo Mortgage Trust 2020-1                                                    | CUSIP: 04285CAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3189000 | PA      | $2965778.04   | 0.05%             | 2055-03-25      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Ascent Education Funding Trust                                    | Ascent Education Funding Trust 2024-A                                           | CUSIP: 04362VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6979837 | PA      | $7171931.93   | 0.12%             | 2050-10-25      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| ASCOT GROUP LTD                                                   | Ascot Group Ltd                                                                 | CUSIP: 04365XAA6<br>LEI: 213800DJV7WRJBE2II28 | Long             | DBT              | CORP              | BM        |  12308000 | PA      | $11412839.16  | 0.18%             | 2030-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ATLX Trust                                                        | ATLX 2024-RPL1 Trust                                                            | CUSIP: 049915AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10948660 | PA      | $10725006.84  | 0.17%             | 2064-04-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| ATLX Trust                                                        | ATLX 2024-RPL2 Trust                                                            | CUSIP: 049919AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7055970 | PA      | $6823131.05   | 0.11%             | 2063-04-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| AutoNation Finance Trust 2025-1                                   | AutoNation Finance Trust 2025-1                                                 | CUSIP: 05330QAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4560171 | PA      | $4570830.23   | 0.07%             | 2028-04-10      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Auxilior Term Funding LLC                                         | Auxilior Term Funding 2023-1 LLC                                                | CUSIP: 05335JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    604984 | PA      | $608414.74    | 0.01%             | 2028-12-15      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| AVNET INC                                                         | Avnet Inc                                                                       | CUSIP: 053807AW3<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |   3938000 | PA      | $4079846.76   | 0.07%             | 2028-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                  | BAT Capital Corp                                                                | CUSIP: 054989AF5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1787598.00   | 0.03%             | 2033-03-22      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                  | BAT Capital Corp                                                                | CUSIP: 05526DBJ3<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |  11382000 | PA      | $11315073.84  | 0.18%             | 2026-09-06      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| Brex Inc                                                          | Brex Commercial Charge Card Master Trust                                        | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8627000 | PA      | $8653402.16   | 0.14%             | 2027-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| BOF URSA FUNDING                                                  | BOF URSA VI Funding Trust I                                                     | CUSIP: 05603KAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    837277 | PA      | $845646.56    | 0.01%             | 2031-10-27      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| BOF URSA FUNDING                                                  | BOF URSA VI Funding Trust I                                                     | CUSIP: 05603LAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1176723 | PA      | $1184261.10   | 0.02%             | 2031-10-27      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| BOF URSA FUNDING                                                  | BOF URSA VI Funding Trust I                                                     | CUSIP: 05603LAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2634819 | PA      | $2654921.46   | 0.04%             | 2031-10-27      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                         | BPR Trust 2023-BRK2                                                             | CUSIP: 05610WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4250000 | PA      | $4436404.75   | 0.07%             | 2038-10-05      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                          | BX Trust 2025-LIFE                                                              | CUSIP: 05616HAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14750000 | PA      | $14961372.96  | 0.24%             | 2047-06-13      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                              | Bank of America Corp                                                            | CUSIP: 06051GKW8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6007000 | PA      | $6091098.00   | 0.10%             | 2028-07-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                      | Barclays PLC                                                                    | CUSIP: 06738EDD4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   7000000 | PA      | $7037940.00   | 0.11%             | 2029-11-11      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| BECLE SA DE CV                                                    | Becle SAB de CV                                                                 | CUSIP: 07586PAA9<br>LEI: 529900JY55CZKMJLCE09 | Long             | DBT              | CORP              | MX        |  28038000 | PA      | $24323525.76  | 0.39%             | 2031-10-14      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA                                                   | Bermuda Government International Bond                                           | CUSIP: 085209AG9<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |   6800000 | PA      | $6169844.00   | 0.10%             | 2030-08-20      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                  | Berry Global Inc                                                                | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1928000 | PA      | $1928597.68   | 0.03%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BIO-RAD LABS                                                      | Bio-Rad Laboratories Inc                                                        | CUSIP: 090572AR9<br>LEI: 549300ZC1GPV35XYDK53 | Long             | DBT              | CORP              | US        |   2320000 | PA      | $2299166.40   | 0.04%             | 2027-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                                                  | Black Hills Corp                                                                | CUSIP: 092113AT6<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   5490000 | PA      | $5092853.40   | 0.08%             | 2030-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                                                  | Black Hills Corp                                                                | CUSIP: 092113AY5<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   2599000 | PA      | $2597804.46   | 0.04%             | 2031-01-31      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BLOCK FINANCIAL LLC                                               | Block Financial LLC                                                             | CUSIP: 093662AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10392000 | PA      | $9915838.56   | 0.16%             | 2028-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                       | BNP Paribas SA                                                                  | CUSIP: 09659W2T0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   3650000 | PA      | $3590249.50   | 0.06%             | 2028-01-20      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| BOF URSA FUNDING                                                  | BOF VII AL Funding Trust I                                                      | CUSIP: 097093AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3599776 | PA      | $3663516.36   | 0.06%             | 2032-07-26      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                                           | Booz Allen Hamilton Inc                                                         | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   6840000 | PA      | $6720505.20   | 0.11%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                                           | Booz Allen Hamilton Inc                                                         | CUSIP: 09951LAD5<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   4931000 | PA      | $5115074.23   | 0.08%             | 2035-04-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                                   | BRAVO Residential Funding Trust 2024-NQM4                                       | CUSIP: 10568NAA0<br>LEI: 254900NOKQW417VKV943 | Long             | ABS-MBS          | CORP              | US        |  17668436 | PA      | $17422920.31  | 0.28%             | 2060-01-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                                           | Brighthouse Financial Global Funding                                            | CUSIP: 10921U2C1<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   7538000 | PA      | $7453649.78   | 0.12%             | 2026-05-24      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                                           | Brighthouse Financial Global Funding                                            | CUSIP: 10921U2E7<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |  13751000 | PA      | $12908063.70  | 0.21%             | 2028-06-28      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD ASSET MANAGEM                                          | Brookfield Asset Management Ltd                                                 | CUSIP: 113004AA3<br>LEI: 549300CZ84WPNJZKY093 | Long             | DBT              | CORP              | CA        |   5250000 | PA      | $5490240.00   | 0.09%             | 2035-04-24      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD ASSET MANAGEM                                          | Brookfield Asset Management Ltd                                                 | CUSIP: 113004AB1<br>LEI: 549300CZ84WPNJZKY093 | Long             | DBT              | CORP              | CA        |   9500000 | PA      | $9572485.00   | 0.15%             | 2030-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION GAS CO                                             | Brooklyn Union Gas Co/The                                                       | CUSIP: 114259AN4<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |  12511000 | PA      | $12495736.58  | 0.20%             | 2026-03-10      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                 | Brown & Brown Inc                                                               | CUSIP: 115236AG6<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   2669000 | PA      | $2754728.28   | 0.04%             | 2034-06-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                 | Brown & Brown Inc                                                               | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   3532000 | PA      | $3550013.20   | 0.06%             | 2026-12-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                 | Brown & Brown Inc                                                               | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   4825000 | PA      | $4882417.50   | 0.08%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Bunker Hill Loan Depositary Trust 2020-1                          | Bunker Hill Loan Depositary Trust 2020-1                                        | CUSIP: 12062RAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3285000 | PA      | $3214243.79   | 0.05%             | 2055-02-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                               | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11275000 | PA      | $11245346.75  | 0.18%             | 2028-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                               | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9124000 | PA      | $8789149.20   | 0.14%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                               | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6950000 | PA      | $6858538.00   | 0.11%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| CHNGE Mortgage Trust 2022-2                                       | CHNGE Mortgage Trust 2022-2                                                     | CUSIP: 12546YAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14163000 | PA      | $14007237.31  | 0.23%             | 2067-03-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| CHNGE Mortgage Trust                                              | CHNGE Mortgage Trust 2023-1                                                     | CUSIP: 12547QAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3366981 | PA      | $3361963.43   | 0.05%             | 2058-03-25      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                         | CIM Trust 2018-INV1                                                             | CUSIP: 12553XAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    551645 | PA      | $516899.61    | 0.01%             | 2048-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                                    | CPS Auto Receivables Trust 2023-D                                               | CUSIP: 12598VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1998553 | PA      | $2000454.11   | 0.03%             | 2028-03-15      | Fixed         | 6.78%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                                    | CPS Auto Receivables Trust 2024-B                                               | CUSIP: 12627SAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4317504 | PA      | $4339428.08   | 0.07%             | 2028-10-16      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                      | Csmc 2022-Nqm1 Trust                                                            | CUSIP: 126416AA4<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |  10487163 | PA      | $9560906.92   | 0.15%             | 2066-11-25      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                               | COMM 2024-277P Mortgage Trust                                                   | CUSIP: 12654FAA8<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |   6575000 | PA      | $6920256.93   | 0.11%             | 2044-08-10      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST                                                | Century Plaza Towers 2019-CPT                                                   | CUSIP: 12654YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4800000 | PA      | $4446973.49   | 0.07%             | 2039-11-13      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                      | CSMC 2021-AFC1 Trust                                                            | CUSIP: 12657LAA2<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   6441381 | PA      | $5483973.85   | 0.09%             | 2056-03-25      | Variable      | 0.83%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                      | CSMC 2021-NQM8                                                                  | CUSIP: 12659FAA3<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   1753219 | PA      | $1584579.89   | 0.03%             | 2066-10-25      | Variable      | 2.84%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                      | CSMC 2020-SPT1 Trust                                                            | CUSIP: 12659LAC6<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   3448527 | PA      | $3414914.28   | 0.06%             | 2065-04-25      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                                    | CPS Auto Receivables Trust 2022-A                                               | CUSIP: 12659WAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    490852 | PA      | $488865.01    | 0.01%             | 2029-04-16      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                      | CSMC 2021-NQM3                                                                  | CUSIP: 12660LAA7<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   8101256 | PA      | $7028197.08   | 0.11%             | 2066-04-25      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                                    | CPS Auto Receivables Trust 2022-C                                               | CUSIP: 12664DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2475 | PA      | $2475.14      | 0.00%             | 2030-04-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                      | CSMC 2022-ATH2                                                                  | CUSIP: 12665WAC4<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   8801081 | PA      | $8771357.68   | 0.14%             | 2067-05-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| CALEDONIA GENERA                                                  | Caledonia Generating LLC                                                        | CUSIP: 129268AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14340885 | PA      | $12692568.37  | 0.20%             | 2034-02-28      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Canadian County Educational Facilities Authority                  | CANADIAN CNTY OK EDUCTNL FACS AUTH EDUC FACS LEASE REVENUE                      | CUSIP: 135521DG4<br>LEI: 549300HPRFS0Z66VHS30 | Long             | DBT              | MUN               | US        |   5035000 | PA      | $5289579.67   | 0.09%             | 2031-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                    | Carvana Auto Receivables Trust 2022-N1                                          | CUSIP: 14686GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11278357 | PA      | $11202390.70  | 0.18%             | 2028-12-11      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                    | Carvana Auto Receivables Trust 2020-NP1                                         | CUSIP: 14687PAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2199015 | PA      | $2199251.81   | 0.04%             | 2027-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                    | Carvana Auto Receivables Trust 2023-N4                                          | CUSIP: 14688LAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1102578 | PA      | $1103172.20   | 0.02%             | 2028-01-10      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                      | Centene Corp                                                                    | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   4906000 | PA      | $4757299.14   | 0.08%             | 2029-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                                            | CenterPoint Energy Inc                                                          | CUSIP: 15189TBG1<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |  11148000 | PA      | $11549662.44  | 0.19%             | 2029-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                          | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11306000 | PA      | $11921046.40  | 0.19%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                                | Chase Mortgage Finance Corp                                                     | CUSIP: 16163YAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1355239 | PA      | $1271541.61   | 0.02%             | 2045-04-25      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                                | Chase Mortgage Finance Corp                                                     | CUSIP: 16164AAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1727811 | PA      | $1619038.02   | 0.03%             | 2045-12-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| CHNGE Mortgage Trust 2022-1                                       | CHNGE Mortgage Trust 2022-1                                                     | CUSIP: 17030JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10936164 | PA      | $10572872.51  | 0.17%             | 2067-01-25      | Variable      | 3.01%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                         | CIM Trust 2024-R1                                                               | CUSIP: 17179VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9889350 | PA      | $9868665.10   | 0.16%             | 2064-06-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                     | Citigroup Inc                                                                   | CUSIP: 172967KN0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2425000 | PA      | $2419810.50   | 0.04%             | 2026-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                     | Citigroup Inc                                                                   | CUSIP: 172967NA5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   7328000 | PA      | $7241896.00   | 0.12%             | 2027-06-09      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                     | Citigroup Inc                                                                   | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4625000 | PA      | $4662370.00   | 0.08%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                     | Citigroup Inc                                                                   | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5912000 | PA      | $6036152.00   | 0.10%             | 2031-05-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                 | Citigroup Mortgage Loan Trust 2004-HYB2                                         | CUSIP: 17307GEF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     35834 | PA      | $14656.79     | 0.00%             | 2034-03-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                 | Citigroup Mortgage Loan Trust 2014-A                                            | CUSIP: 17322GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    327995 | PA      | $321557.21    | 0.01%             | 2035-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                 | Citigroup Mortgage Loan Trust 2014-J1                                           | CUSIP: 17322NAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1489969 | PA      | $1225097.95   | 0.02%             | 2044-06-25      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                     | Citigroup Inc                                                                   | CUSIP: 17327CAM5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1332000 | PA      | $1328883.12   | 0.02%             | 2027-01-28      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                 | Citigroup Mortgage Loan Trust 2021-J2                                           | CUSIP: 17329MCL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  28425121 | PA      | $25631685.04  | 0.41%             | 2051-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| CLECO POWER LLC                                                   | Cleco Power LLC                                                                 | CUSIP: 185508AJ7<br>LEI: TM1ZH54SJKLNHFCBFK92 | Long             | DBT              | CORP              | US        |   5373000 | PA      | $5410019.97   | 0.09%             | 2036-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                                                | CNO Global Funding                                                              | CUSIP: 18977W2A7<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   9414000 | PA      | $9249349.14   | 0.15%             | 2026-10-07      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                                                | CNO Global Funding                                                              | CUSIP: 18977W2G4<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   6850000 | PA      | $6937611.50   | 0.11%             | 2027-12-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                                                | CNO Global Funding                                                              | CUSIP: 18977W2H2<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2653498.00   | 0.04%             | 2028-09-08      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                                         | College Ave Student Loans 2021-A LLC                                            | CUSIP: 19424KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5182912 | PA      | $5175768.28   | 0.08%             | 2051-07-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                                         | College Ave Student Loans 2021-A LLC                                            | CUSIP: 19424KAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1198559 | PA      | $1112822.07   | 0.02%             | 2051-07-25      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                                         | College Ave Student Loans 2021-C LLC                                            | CUSIP: 19424WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9481399 | PA      | $9394164.75   | 0.15%             | 2055-07-26      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| COLORADO INT GAS CO/ISS                                           | Colorado Interstate Gas Co LLC / Colorado Interstate Issuing Corp               | CUSIP: 196500AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9092000 | PA      | $9081544.20   | 0.15%             | 2026-08-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                                          | Comision Federal de Electricidad                                                | CUSIP: 200447AH3<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |   8740000 | PA      | $7946320.60   | 0.13%             | 2031-02-09      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                                     | Commonbond Student Loan Trust 2018-C-GS                                         | CUSIP: 20267XAA1<br>LEI: 549300O1CSZVJJTIR319 | Long             | ABS-O            | CORP              | US        |    949852 | PA      | $926313.38    | 0.01%             | 2046-02-25      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                                     | Commonbond Student Loan Trust 2021-B-GS                                         | CUSIP: 20268AAA0<br>LEI: 5493005PJR3MYTKJFJ48 | Long             | ABS-O            | CORP              | US        |   6758572 | PA      | $6311801.67   | 0.10%             | 2051-09-25      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                                     | Commonbond Student Loan Trust 2020-1                                            | CUSIP: 20268BAA8<br>LEI: 5493005PJR3MYTKJFJ48 | Long             | ABS-O            | CORP              | US        |   6468511 | PA      | $5966904.35   | 0.10%             | 2051-10-25      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                                     | Commonbond Student Loan Trust 2021-A-GS                                         | CUSIP: 20268WAA2<br>LEI: 5493005PJR3MYTKJFJ48 | Long             | ABS-O            | CORP              | US        |   7527820 | PA      | $6445637.45   | 0.10%             | 2052-03-25      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION GLO FNDG                                            | Constellation Global Funding                                                    | CUSIP: 21038N2A8<br>LEI: 254900OP9HLIALC2HZ12 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9433310.00   | 0.15%             | 2030-10-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                                    | CPS Auto Receivables Trust 2024-C                                               | CUSIP: 223920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    991033 | PA      | $992171.49    | 0.02%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                | Energy Transfer LP                                                              | CUSIP: 226373AQ1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3741000 | PA      | $3742384.17   | 0.06%             | 2027-05-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                                    | Crockett Partners Equipment Co IIA LLC                                          | CUSIP: 22689LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6050250 | PA      | $6156677.81   | 0.10%             | 2031-01-20      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Crossroads Asset Trust                                            | Crossroads Asset Trust 2025-A                                                   | CUSIP: 22767VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6936006 | PA      | $6992813.18   | 0.11%             | 2032-02-20      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                  | Crown Castle Inc                                                                | CUSIP: 22822VAZ4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   2750000 | PA      | $2710427.50   | 0.04%             | 2027-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                  | Crown Castle Inc                                                                | CUSIP: 22822VBF7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   6181000 | PA      | $6273158.71   | 0.10%             | 2029-09-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                                 | Crown Castle Inc                                                                | CUSIP: 22823QAM3<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             |  | US        |   8453000 | PA      | $8433511.14   | 0.14%             | 2026-01-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DC Office Trust                                                   | DC Office Trust 2019-MTC                                                        | CUSIP: 23312BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7895000 | PA      | $7168855.09   | 0.12%             | 2045-09-15      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                     | DTE Energy Co                                                                   | CUSIP: 233331BJ5<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   3477000 | PA      | $3536804.40   | 0.06%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                     | DTE Energy Co                                                                   | CUSIP: 233331BL0<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   2636000 | PA      | $2811109.48   | 0.05%             | 2034-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                     | DTE Energy Co                                                                   | CUSIP: 233331BN6<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   3508000 | PA      | $3621553.96   | 0.06%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                     | DTE Energy Co                                                                   | CUSIP: 233331BP1<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3799126.00   | 0.06%             | 2035-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                                               | DT Auto Owner Trust 2023-3                                                      | CUSIP: 23345WAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    854328 | PA      | $855456.69    | 0.01%             | 2028-03-15      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| DXC TECHNOLOGY CO                                                 | DXC Technology Co                                                               | CUSIP: 23355LAM8<br>LEI: 549300DOVZ3EDJB7O259 | Long             | DBT              | CORP              | US        |  12049000 | PA      | $11361484.06  | 0.18%             | 2028-09-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| DailyPay Securitization Trust                                     | DailyPay Securitization Trust 2025-1                                            | CUSIP: 233824AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10075000 | PA      | $10132773.58  | 0.16%             | 2028-06-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                                               | DataBank Issuer                                                                 | CUSIP: 23802WAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13300000 | PA      | $13256596.65  | 0.21%             | 2054-01-26      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| DAYTON POWER & LIGHT CO/                                          | Dayton Power & Light Co/The                                                     | CUSIP: 240019BW8<br>LEI: 1ELKY8G44MKGCQWG6864 | Long             | DBT              | CORP              | US        |   9863000 | PA      | $9810528.84   | 0.16%             | 2030-08-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage Trust                              | Deephaven Residential Mortgage Trust 2021-1                                     | CUSIP: 24380VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1428462 | PA      | $1358044.55   | 0.02%             | 2065-05-25      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                           | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAD8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   1348000 | PA      | $1353405.48   | 0.02%             | 2026-06-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                  | Deutsche Bank AG/New York NY                                                    | CUSIP: 25160PAH0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   4940000 | PA      | $4859231.00   | 0.08%             | 2028-01-07      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                                          | Dext ABS 2023-2 LLC                                                             | CUSIP: 25216CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    801463 | PA      | $805694.05    | 0.01%             | 2034-05-15      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding LLC                                | Diamond Infrastructure Funding LLC                                              | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  36000000 | PA      | $34987518.00  | 0.56%             | 2049-04-15      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| Diamond Issuer LLC                                                | Diamond Issuer LLC                                                              | CUSIP: 25267TAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  27894000 | PA      | $26769140.98  | 0.43%             | 2051-11-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP                                           | Digital Realty Trust LP                                                         | CUSIP: 25389JAV8<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              |  | US        |    434000 | PA      | $446021.80    | 0.01%             | 2028-01-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                               | Dominion Energy Inc                                                             | CUSIP: 25746UDF3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   8076000 | PA      | $8036750.64   | 0.13%             | 2027-03-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                               | Dominion Energy Inc                                                             | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3744437.00   | 0.06%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                  | Duke Energy Corp                                                                | CUSIP: 26441CCJ2<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8433445.00   | 0.14%             | 2035-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                                           | Duke Energy Florida LLC                                                         | CUSIP: 26444HAT8<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |   4736000 | PA      | $4741683.20   | 0.08%             | 2030-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ECAF LTD                                                          | ECAF I Ltd                                                                      | CUSIP: 26827EAC9<br>LEI: 635400SSRNQERTYCWK57 | Long             | ABS-O            | CORP              | KY        |   1259736 | PA      | $1168405.06   | 0.02%             | 2040-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                          | Electricite de France SA                                                        | CUSIP: 268317AY0<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   9878000 | PA      | $10271341.96  | 0.17%             | 2029-04-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                          | Eagle Funding Luxco Sarl                                                        | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |   5000000 | PA      | $5092050.00   | 0.08%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EL PASO NATURAL GAS                                               | El Paso Natural Gas Co LLC                                                      | CUSIP: 283695BQ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4068000 | PA      | $3774005.64   | 0.06%             | 2032-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                          | Electricite de France SA                                                        | CUSIP: 28504DAF0<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |  13500000 | PA      | $14154885.00  | 0.23%             | 2035-01-13      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                                          | Element Fleet Management Corp                                                   | CUSIP: 286181AH5<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |  11400000 | PA      | $11498040.00  | 0.19%             | 2026-06-26      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                                          | Element Fleet Management Corp                                                   | CUSIP: 286181AK8<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   3422000 | PA      | $3609183.40   | 0.06%             | 2028-12-04      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                                          | Element Fleet Management Corp                                                   | CUSIP: 286181AM4<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   4400000 | PA      | $4474008.00   | 0.07%             | 2027-03-13      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                              | Enel Finance International NV                                                   | CUSIP: 29278GAM0<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |  10700000 | PA      | $10557583.00  | 0.17%             | 2026-07-12      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                              | Enel Finance International NV                                                   | CUSIP: 29278GAN8<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   8844000 | PA      | $8409582.72   | 0.14%             | 2028-07-12      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                              | Enel Finance International NV                                                   | CUSIP: 29278GBG2<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   2802000 | PA      | $2791520.52   | 0.04%             | 2030-09-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                                                  | Enstar Group Ltd                                                                | CUSIP: 29359UAC3<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   7139000 | PA      | $6410536.44   | 0.10%             | 2031-09-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ENTERGY MISSISSIPPI LLC                                           | Entergy Mississippi LLC                                                         | CUSIP: 29364NAU2<br>LEI: 54930043I78H35DVVW89 | Long             | DBT              | CORP              | US        |   4727000 | PA      | $4649004.50   | 0.07%             | 2027-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ENTERGY TEXAS INC                                                 | Entergy Texas Inc                                                               | CUSIP: 29365TAF1<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8881200.00   | 0.14%             | 2027-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| ENTERGY TEXAS INC                                                 | Entergy Texas Inc                                                               | CUSIP: 29365TAL8<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |   8640000 | PA      | $8490614.40   | 0.14%             | 2026-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                                          | Equitable America Global Funding                                                | CUSIP: 29446Q2B8<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3872276.00   | 0.06%             | 2030-06-09      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                                          | Equitable Financial Life Global Funding                                         | CUSIP: 29449WAB3<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |   4433000 | PA      | $4252222.26   | 0.07%             | 2027-08-27      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                                          | Equitable Financial Life Global Funding                                         | CUSIP: 29449WAE7<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |   8665000 | PA      | $8660407.55   | 0.14%             | 2026-01-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                                          | Equitable Financial Life Global Funding                                         | CUSIP: 29449WAF4<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |   6800000 | PA      | $6476184.00   | 0.10%             | 2028-03-08      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                                          | Equitable Financial Life Global Funding                                         | CUSIP: 29449WAT4<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |   2047000 | PA      | $2091583.66   | 0.03%             | 2030-03-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EverBright Solar Trust                                            | EverBright Solar Trust 2024-A                                                   | CUSIP: 29977FAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7948715 | PA      | $7301859.70   | 0.12%             | 2054-06-22      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL                                             | Evergy Kansas Central Inc                                                       | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |   4940000 | PA      | $5013507.20   | 0.08%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| EVERGY MISSOURI WEST INC                                          | Evergy Missouri West Inc                                                        | CUSIP: 30037EAB9<br>LEI: EZIFUDC0VSUS6T6LCG85 | Long             | DBT              | CORP              | US        |   6650000 | PA      | $6884080.00   | 0.11%             | 2034-06-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| EVERGY MISSOURI WEST INC                                          | Evergy Missouri West Inc                                                        | CUSIP: 30037FAA8<br>LEI: EZIFUDC0VSUS6T6LCG85 | Long             | DBT              | CORP              | US        |   9711000 | PA      | $9898130.97   | 0.16%             | 2027-12-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                 | Eversource Energy                                                               | CUSIP: 30040WAL2<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   5332000 | PA      | $4821727.60   | 0.08%             | 2031-03-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                 | Eversource Energy                                                               | CUSIP: 30040WBB3<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   2403000 | PA      | $2390720.67   | 0.04%             | 2030-12-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                                       | Exelon Corp                                                                     | CUSIP: 30161NBR1<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   9899000 | PA      | $10223984.17  | 0.16%             | 2031-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                               | Exeter Automobile Receivables Trust 2022-4                                      | CUSIP: 30166BAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3066738 | PA      | $3089743.18   | 0.05%             | 2028-12-15      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                               | Exeter Automobile Receivables Trust 2022-2                                      | CUSIP: 30166QAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10747979 | PA      | $10750824.30  | 0.17%             | 2028-07-17      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                               | Exeter Automobile Receivables Trust 2023-4                                      | CUSIP: 30166TAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3209146 | PA      | $3228318.56   | 0.05%             | 2028-08-15      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                | Meta Platforms Inc                                                              | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   9385000 | PA      | $9462050.85   | 0.15%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                                | F&G Global Funding                                                              | CUSIP: 30321L2A9<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |  16912000 | PA      | $16703475.04  | 0.27%             | 2026-06-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                                | F&G Global Funding                                                              | CUSIP: 30321L2C5<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   2475000 | PA      | $2318926.50   | 0.04%             | 2028-09-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                                | F&G Global Funding                                                              | CUSIP: 30321L2D3<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |  11752000 | PA      | $11478295.92  | 0.18%             | 2027-04-11      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                                | F&G Global Funding                                                              | CUSIP: 30321L2J0<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   4320000 | PA      | $4478155.20   | 0.07%             | 2030-01-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                                          | FHF Trust 2023-1                                                                | CUSIP: 30331GAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    791342 | PA      | $796184.80    | 0.01%             | 2028-06-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real Estate Trust                         | FARM 2024-1 Mortgage Trust                                                      | CUSIP: 30335JAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6714545 | PA      | $6533869.53   | 0.11%             | 2053-10-01      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                                          | FHF Issuer Trust 2024-3                                                         | CUSIP: 30339EAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3441248 | PA      | $3449865.83   | 0.06%             | 2030-11-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                                          | FHF Issuer Trust 2025-2                                                         | CUSIP: 30343DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8103327 | PA      | $8111614.12   | 0.13%             | 2026-12-15      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                                          | FHF Issuer Trust 2025-2                                                         | CUSIP: 30343DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1266814.39   | 0.02%             | 2030-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Non Gold Pool                                                       | CUSIP: 31288QGE4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3948094 | PA      | $3901265.02   | 0.06%             | 2048-09-01      | Floating      | 3.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Non Gold Pool                                                       | CUSIP: 31288QQ60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5652620 | PA      | $5322766.25   | 0.09%             | 2052-04-01      | Floating      | 1.94%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Non Gold Pool                                                       | CUSIP: 31288QQP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5294056 | PA      | $4976022.49   | 0.08%             | 2052-02-01      | Floating      | 1.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Non Gold Pool                                                       | CUSIP: 31288QTU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12849210 | PA      | $11705909.84  | 0.19%             | 2052-07-01      | Floating      | 2.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128E52U2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    474278 | PA      | $469699.19    | 0.01%             | 2032-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Gold Pool                                                           | CUSIP: 3128MFVB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    129884 | PA      | $128219.04    | 0.00%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Non Gold Pool                                                       | CUSIP: 3128Q2LB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1762184 | PA      | $1822635.75   | 0.03%             | 2048-02-01      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3132DNQ30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12899569 | PA      | $11414648.36  | 0.18%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3132DS5E8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  20293139 | PA      | $17362429.87  | 0.28%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3132DSW81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14649387 | PA      | $12461504.89  | 0.20%             | 2054-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3132DUGS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15189802 | PA      | $15643043.73  | 0.25%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3132DWBH5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  23434649 | PA      | $19133142.93  | 0.31%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3132DWC27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12250747 | PA      | $10423465.40  | 0.17%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3132DWD67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10648094 | PA      | $9463869.15   | 0.15%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3132DWJL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5507856 | PA      | $5598249.15   | 0.09%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3132E0T85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  42553504 | PA      | $36198149.02  | 0.58%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3132XFUX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  21000000 | PA      | $21324694.44  | 0.34%             | 2030-01-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3132XGUG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11295000 | PA      | $11371286.66  | 0.18%             | 2028-06-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                          | Federal Farm Credit Banks Funding Corp                                          | CUSIP: 3133ENQQ6<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |  19285000 | PA      | $18077951.85  | 0.29%             | 2032-03-08      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3133KNR54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9724879 | PA      | $8650953.70   | 0.14%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3133KNYS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  19849561 | PA      | $16885034.32  | 0.27%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3133KPFN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4874861 | PA      | $4345209.64   | 0.07%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3133N3X25<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  23631474 | PA      | $18707495.67  | 0.30%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Pool                                                                | CUSIP: 3133SKBP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  19831616 | PA      | $17552917.58  | 0.28%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac Non Gold Pool                                                       | CUSIP: 31342WA27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2836697 | PA      | $2810118.81   | 0.05%             | 2047-10-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae REMICS                                                               | CUSIP: 3136AADA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    987452 | PA      | $935004.62    | 0.02%             | 2042-12-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae REMICS                                                               | CUSIP: 3136AFB37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2328318 | PA      | $2306596.71   | 0.04%             | 2043-01-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                                           | Fannie Mae Grantor Trust 2017-T1                                                | CUSIP: 3136AV6R5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  17771575 | PA      | $17502634.52  | 0.28%             | 2027-06-25      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae REMICS                                                               | CUSIP: 3136BRTQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9801316 | PA      | $10051487.11  | 0.16%             | 2035-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae REMICS                                                               | CUSIP: 3136BTAJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14054488 | PA      | $13907294.55  | 0.22%             | 2054-10-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae REMICS                                                               | CUSIP: 3136BXNP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  18918782 | PA      | $18418707.22  | 0.30%             | 2055-10-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac REMICS                                                              | CUSIP: 3137AFJJ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     26461 | PA      | $26140.78     | 0.00%             | 2041-04-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac REMICS                                                              | CUSIP: 3137AVH34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    128492 | PA      | $126020.07    | 0.00%             | 2027-10-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Whole Loan Securities Trust                           | Freddie Mac Whole Loan Securities Trust 2016-SC01                               | CUSIP: 3137G1AW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    812635 | PA      | $723463.16    | 0.01%             | 2046-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Whole Loan Securities Trust                           | Freddie Mac Whole Loan Securities Trust                                         | CUSIP: 3137G1BK2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7198232 | PA      | $6251944.22   | 0.10%             | 2046-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Whole Loan Securities Trust                           | Freddie Mac Whole Loan Securities Trust 2017-SC02                               | CUSIP: 3137G1BV8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    437009 | PA      | $386089.88    | 0.01%             | 2047-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                  | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137HAD29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8741000 | PA      | $8989082.60   | 0.14%             | 2031-10-25      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                  | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137HAMP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5968000 | PA      | $6231223.41   | 0.10%             | 2031-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                  | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137HBC77<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15306000 | PA      | $15873939.54  | 0.26%             | 2031-10-25      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac REMICS                                                              | CUSIP: 3137HFQ73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12701445 | PA      | $12588490.33  | 0.20%             | 2054-10-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac REMICS                                                              | CUSIP: 3137HFW92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  20256115 | PA      | $20043740.80  | 0.32%             | 2054-08-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac REMICS                                                              | CUSIP: 3137HHH87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12493399 | PA      | $12409932.06  | 0.20%             | 2054-11-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac REMICS                                                              | CUSIP: 3137HJSZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11688198 | PA      | $11771810.81  | 0.19%             | 2055-02-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac REMICS                                                              | CUSIP: 3137HLKD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  20324338 | PA      | $20527095.09  | 0.33%             | 2054-09-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac REMICS                                                              | CUSIP: 3137HM3Y4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5935720 | PA      | $6013985.55   | 0.10%             | 2036-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac REMICS                                                              | CUSIP: 3137HMP20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14585501 | PA      | $14474261.26  | 0.23%             | 2055-08-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac REMICS                                                              | CUSIP: 3137HP2L6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  21448978 | PA      | $21314893.73  | 0.34%             | 2032-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3138WKZP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6725 | PA      | $6496.06      | 0.00%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                       | Freddie Mac REMICS                                                              | CUSIP: 31396UCL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    103173 | PA      | $106449.46    | 0.00%             | 2036-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae REMICS                                                               | CUSIP: 31397NGR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    268090 | PA      | $222478.09    | 0.00%             | 2039-03-25      | Variable      | 0.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140GTA26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8184480 | PA      | $7955659.80   | 0.13%             | 2046-06-01      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140GTAZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4423263 | PA      | $4311206.46   | 0.07%             | 2047-04-01      | Floating      | 3.04%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140J8YW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1354630 | PA      | $1340885.27   | 0.02%             | 2033-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140JBVX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3838504 | PA      | $3684226.21   | 0.06%             | 2051-07-01      | Floating      | 1.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140JBZ90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2952488 | PA      | $2469868.93   | 0.04%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140JCPP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11081224 | PA      | $9888556.49   | 0.16%             | 2036-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140K6DC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3292100 | PA      | $3309188.45   | 0.05%             | 2048-03-01      | Floating      | 2.74%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140KHTG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5534 | PA      | $5288.94      | 0.00%             | 2035-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140KHUP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    419563 | PA      | $401008.88    | 0.01%             | 2035-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140LGWS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8922000 | PA      | $8657859.46   | 0.14%             | 2032-08-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140MCBC3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8120204 | PA      | $7359106.55   | 0.12%             | 2052-02-01      | Floating      | 1.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140NXMK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  18830000 | PA      | $19436210.57  | 0.31%             | 2030-02-01      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140NYC33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  22990000 | PA      | $23423123.78  | 0.38%             | 2030-04-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140NYNQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11823000 | PA      | $12055567.87  | 0.19%             | 2030-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140Q0DR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    333169 | PA      | $344950.43    | 0.01%             | 2032-11-01      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140QMN83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4391832 | PA      | $4173580.15   | 0.07%             | 2051-11-01      | Floating      | 1.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140QMRX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  26397167 | PA      | $23358151.65  | 0.38%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140QNL83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  17219817 | PA      | $14648041.53  | 0.24%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XM3W4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1550217 | PA      | $1473382.90   | 0.02%             | 2032-05-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XMBR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2416754 | PA      | $2060775.97   | 0.03%             | 2052-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XMY42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16786512 | PA      | $14279450.57  | 0.23%             | 2052-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XMZX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  74847821 | PA      | $66493674.69  | 1.07%             | 2052-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XPM30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  20375616 | PA      | $17332523.06  | 0.28%             | 2054-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XPTP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  17919158 | PA      | $15184995.15  | 0.24%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 3140XPXH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14477750 | PA      | $12251350.69  | 0.20%             | 2052-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 31418CZ72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2400723 | PA      | $2370742.58   | 0.04%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 31418D2Y7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    710247 | PA      | $683796.10    | 0.01%             | 2031-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 31418EV80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3881048 | PA      | $3945965.88   | 0.06%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                        | Fannie Mae Pool                                                                 | CUSIP: 31418EV98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3033962 | PA      | $3118065.31   | 0.05%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FERGUSON ENTERPRISES INC                                          | Ferguson Enterprises Inc                                                        | CUSIP: 31488VAB3<br>LEI: 2138003JYQMRP3SLX189 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7473675.00   | 0.12%             | 2031-03-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                | Ellington Financial Mortgage Trust 2022-1                                       | CUSIP: 31573CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14689903 | PA      | $13042730.02  | 0.21%             | 2067-01-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                | Ellington Financial Mortgage Trust 2019-2                                       | CUSIP: 31573TAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1608015 | PA      | $1566170.96   | 0.03%             | 2059-11-25      | Variable      | 2.74%                 | No            |                  2 | On Loan: No      |
| FIDELIS INSUR HLD LTD                                             | Fidelis Insurance Holdings Ltd                                                  | CUSIP: 31575FAA4<br>LEI: 549300CDMGCAGJQ7DX03 | Long             | DBT              | CORP              | BM        |  17031000 | PA      | $16842637.14  | 0.27%             | 2030-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL FINANCIAL                                           | Fidelity National Financial Inc                                                 | CUSIP: 31620RAK1<br>LEI: 549300CAZYIH39SYQ287 | Long             | DBT              | CORP              | US        |  12517000 | PA      | $11177555.83  | 0.18%             | 2031-03-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL                                          | First American Financial Corp                                                   | CUSIP: 31847RAG7<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |   4316000 | PA      | $4173830.96   | 0.07%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL                                          | First American Financial Corp                                                   | CUSIP: 31847RAH5<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |   2261000 | PA      | $1973332.97   | 0.03%             | 2031-08-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                                          | FirstEnergy Transmission LLC                                                    | CUSIP: 33767BAG4<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |   2585000 | PA      | $2604775.25   | 0.04%             | 2030-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                                        | Flagship Credit Auto Trust 2022-2                                               | CUSIP: 33844XAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     64484 | PA      | $64483.88     | 0.00%             | 2027-05-17      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                                        | Flagship Credit Auto Trust 2022-1                                               | CUSIP: 33845VAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1828773 | PA      | $1819025.53   | 0.03%             | 2028-03-15      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                                        | Flagship Credit Auto Trust 2020-4                                               | CUSIP: 33845XAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5858000 | PA      | $5802376.36   | 0.09%             | 2028-07-17      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                           | Flagstar Mortgage Trust 2017-1                                                  | CUSIP: 33850BAT4<br>LEI: 549300H3PON1KOB2RF56 | Long             | ABS-MBS          | CORP              | US        |    830171 | PA      | $765746.67    | 0.01%             | 2047-03-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| FLOWERS FOODS INC                                                 | Flowers Foods Inc                                                               | CUSIP: 343498AD3<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |  15293000 | PA      | $15342702.25  | 0.25%             | 2035-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GROUP HOLDINGS                                          | Fortitude Group Holdings LLC                                                    | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |   6453000 | PA      | $6720347.79   | 0.11%             | 2030-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GLOBAL FUNDING                                          | Fortitude Global Funding                                                        | CUSIP: 34967GAA2<br>LEI: 635400TKBOGEHNO5RT68 | Long             | DBT              | CORP              | US        |   4386000 | PA      | $4388500.02   | 0.07%             | 2028-10-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                          | Foundation Finance Trust 2021-1                                                 | CUSIP: 35041LAA8<br>LEI: 549300MQ65NOVQXYNB21 | Long             | ABS-O            | CORP              | US        |   7092250 | PA      | $6705965.71   | 0.11%             | 2041-05-15      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                          | Foundation Finance Trust 2021-2                                                 | CUSIP: 35042PAA8<br>LEI: 54930021B3TF4B4HKE86 | Long             | ABS-O            | CORP              | US        |   4903711 | PA      | $4663247.65   | 0.08%             | 2042-01-15      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2022-1                   | CUSIP: 35563P7E3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13217482 | PA      | $11432491.91  | 0.18%             | 2061-11-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2017-1                   | CUSIP: 35563PAP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3444630 | PA      | $3266983.32   | 0.05%             | 2056-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2017-3                   | CUSIP: 35563PBY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5974749 | PA      | $5654387.29   | 0.09%             | 2056-07-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust 2017-4                          | CUSIP: 35563PDD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6115371 | PA      | $5509900.02   | 0.09%             | 2057-06-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2018-1                   | CUSIP: 35563PDU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3593209 | PA      | $3378700.39   | 0.05%             | 2057-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2018-2                   | CUSIP: 35563PFB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7579662 | PA      | $7272179.30   | 0.12%             | 2057-11-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2018-3                   | CUSIP: 35563PGB9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9402838 | PA      | $8803769.23   | 0.14%             | 2057-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2018-3                   | CUSIP: 35563PGG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5808898 | PA      | $5679976.88   | 0.09%             | 2057-08-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2018-4                   | CUSIP: 35563PHA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8236913 | PA      | $7721717.85   | 0.12%             | 2058-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2019-1                   | CUSIP: 35563PJF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15367866 | PA      | $14971222.22  | 0.24%             | 2058-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2019-2                   | CUSIP: 35563PKG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  16477041 | PA      | $15955109.83  | 0.26%             | 2058-08-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2019-3                   | CUSIP: 35563PLH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7293213 | PA      | $7093165.32   | 0.11%             | 2058-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2019-4                   | CUSIP: 35563PML0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12873751 | PA      | $12108325.05  | 0.20%             | 2059-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2020-1                   | CUSIP: 35563PNP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2062361 | PA      | $1918833.09   | 0.03%             | 2059-08-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2020-2                   | CUSIP: 35563PQP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15844377 | PA      | $14431136.27  | 0.23%             | 2059-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2024-1                   | CUSIP: 35563PR43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7218145 | PA      | $6037419.97   | 0.10%             | 2063-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2020-3                   | CUSIP: 35563PSB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3166533 | PA      | $2509556.80   | 0.04%             | 2060-05-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2020-3                   | CUSIP: 35563PSC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9109900 | PA      | $8205576.72   | 0.13%             | 2060-05-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                                | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2024-2                   | CUSIP: 35563PX46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6585042 | PA      | $5808520.78   | 0.09%             | 2064-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SLST                                                | Seasoned Loans Structured Transaction Trust Series 2019-2                       | CUSIP: 35564CCZ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  11853614 | PA      | $11418087.41  | 0.18%             | 2029-09-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SLST                                                | Seasoned Loans Structured Transaction Trust Series 2019-3                       | CUSIP: 35564CEE3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1911612 | PA      | $1817393.31   | 0.03%             | 2029-11-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SLST                                                | Seasoned Loans Structured Transaction Trust Series 2020-2                       | CUSIP: 35564CGN1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  27405405 | PA      | $25352632.88  | 0.41%             | 2030-09-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SLST                                                | Seasoned Loans Structured Transaction Trust Series 2020-2                       | CUSIP: 35564CGQ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  17088722 | PA      | $15924235.20  | 0.26%             | 2030-09-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freed ABS Trust                                                   | FREED ABS Trust 2022-1FP                                                        | CUSIP: 35633KAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    156855 | PA      | $156775.18    | 0.00%             | 2029-03-19      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Freedom Financial                                                 | FREED ABS Trust 2022-3FP                                                        | CUSIP: 35634EAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2697709 | PA      | $2701157.63   | 0.04%             | 2029-08-20      | Fixed         | 7.36%                 | No            |                  2 | On Loan: No      |
| Freedom Financial                                                 | FREED ABS Trust 2022-4FP                                                        | CUSIP: 35634JAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    435619 | PA      | $437365.19    | 0.01%             | 2029-12-18      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                           | GA Global Funding Trust                                                         | CUSIP: 36143L2A2<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   1940000 | PA      | $1938118.20   | 0.03%             | 2026-01-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                           | GA Global Funding Trust                                                         | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   6479000 | PA      | $6355186.31   | 0.10%             | 2027-01-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                           | GA Global Funding Trust                                                         | CUSIP: 36143L2V6<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3459120.00   | 0.06%             | 2030-09-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GCAT                                                              | GCAT 2021-CM2 Trust                                                             | CUSIP: 36167AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12060972 | PA      | $11511839.10  | 0.19%             | 2066-08-25      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| GCAT                                                              | GCAT 2019-NQM3 Trust                                                            | CUSIP: 36167VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1687861 | PA      | $1648248.70   | 0.03%             | 2059-11-25      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| GCAT                                                              | GCAT 2021-CM1 Trust                                                             | CUSIP: 36168AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5307961 | PA      | $5121058.19   | 0.08%             | 2065-04-25      | Variable      | 2.47%                 | No            |                  2 | On Loan: No      |
| GCAT                                                              | GCAT 2021-NQM4 Trust                                                            | CUSIP: 36168HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9947235 | PA      | $8409357.25   | 0.14%             | 2066-08-25      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                          | Ginnie Mae II Pool                                                              | CUSIP: 36179W7K8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  99763476 | PA      | $89783873.88  | 1.45%             | 2052-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                          | Ginnie Mae II Pool                                                              | CUSIP: 36179WFH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  13882031 | PA      | $12503618.89  | 0.20%             | 2051-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                          | Ginnie Mae II Pool                                                              | CUSIP: 36179WR34<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  60108756 | PA      | $54112362.81  | 0.87%             | 2051-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GABELLI DVD & INC TR                                              | Gabelli Dividend & Income Trust/The                                             | CUSIP: 36242H872<br>LEI: 549300082N1MHBT8NI60 | Long             | EP               | CORP              | US        |      1162 | NS      | $28323750.00  | 0.46%             |  |  |  | No            |                  3 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                               | GS Mortgage-Backed Securities Corp Trust 2020-PJ2                               | CUSIP: 36262DAT5<br>LEI: 254900X1ABPQ6D4G6D07 | Long             | ABS-MBS          | CORP              | US        |   4773566 | PA      | $4225035.58   | 0.07%             | 2050-07-25      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                                        | GLS Auto Receivables Issuer Trust 2021-4                                        | CUSIP: 36263DAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10713709 | PA      | $10651863.47  | 0.17%             | 2027-10-15      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                                        | GLS Auto Receivables Issuer Trust 2022-2                                        | CUSIP: 36265NAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10715067 | PA      | $10803329.71  | 0.17%             | 2028-04-17      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                            | GE HealthCare Technologies Inc                                                  | CUSIP: 36266GAD9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |  15439000 | PA      | $15483155.54  | 0.25%             | 2028-12-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                               | GS Mortgage-Backed Securities Trust 2024-RPL2                                   | CUSIP: 36269MAA9<br>LEI: 25490038RWR4AJZ5B524 | Long             | ABS-MBS          | CORP              | US        |   4322037 | PA      | $4240901.43   | 0.07%             | 2061-07-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                                        | GLS Auto Receivables Issuer Trust 2025-4                                        | CUSIP: 36273HAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7604000 | PA      | $7614622.26   | 0.12%             | 2028-10-16      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                               | GS Mortgage-Backed Securities Trust 2023-CCM1                                   | CUSIP: 362918AA2<br>LEI: 254900X1ABPQ6D4G6D07 | Long             | ABS-MBS          | CORP              | US        |   8073101 | PA      | $8058391.96   | 0.13%             | 2053-08-25      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                               | GS Mortgage-Backed Securities Trust 2023-PJ2                                    | CUSIP: 362938AG7<br>LEI: 25490038RWR4AJZ5B524 | Long             | ABS-MBS          | CORP              | US        |   3113977 | PA      | $3141834.97   | 0.05%             | 2053-05-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                               | GS Mortgage-Backed Securities Trust 2024-RPL4                                   | CUSIP: 362948AA9<br>LEI: 25490038RWR4AJZ5B524 | Long             | ABS-MBS          | CORP              | US        |   3525243 | PA      | $3469213.97   | 0.06%             | 2061-09-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                                            | Galaxy Pipeline Assets Bidco Ltd                                                | CUSIP: 36321PAA8<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |   6636858 | PA      | $6475118.11   | 0.10%             | 2027-09-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                                            | Galaxy Pipeline Assets Bidco Ltd                                                | CUSIP: 36321PAD2<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |  17584628 | PA      | $15930442.50  | 0.26%             | 2034-03-31      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| GEN LUX SARL/GEN USA INC                                          | Genpact Luxembourg SARL/Genpact USA Inc                                         | CUSIP: 37190AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   5335000 | PA      | $5295574.35   | 0.09%             | 2026-04-10      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GENPACT UK/USA INC                                                | Genpact UK Finco plc / Genpact USA Inc                                          | CUSIP: 37256EAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2350000 | PA      | $2349177.50   | 0.04%             | 2030-11-18      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                               | Global Payments Inc                                                             | CUSIP: 37940XAE2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   3534000 | PA      | $3517354.86   | 0.06%             | 2026-03-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                               | Global Payments Inc                                                             | CUSIP: 37940XAV4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |  12098000 | PA      | $12122679.92  | 0.20%             | 2028-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                                            | Global Atlantic Fin Co                                                          | CUSIP: 37959GAA5<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   5200000 | PA      | $5119348.00   | 0.08%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                           | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1820538.00   | 0.03%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                           | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYH1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  10881000 | PA      | $10899606.51  | 0.18%             | 2027-09-10      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Goldman Home Improvement Trust Issuer Trust                       | Goldman Home Improvement Trust 2021-GRN2 Issuer Trust                           | CUSIP: 38149XAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2361177 | PA      | $2320515.77   | 0.04%             | 2051-06-25      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| Goldman Home Improvement Trust Issuer Trust                       | Goldman Home Improvement Trust 2022-GRN1 Issuer Trust                           | CUSIP: 38150YAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1752431 | PA      | $1754035.20   | 0.03%             | 2052-06-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Goodgreen Trust                                                   | Goodgreen 2021-1 Trust                                                          | CUSIP: 38217UAA0<br>LEI: 549300X0P2BXCQULUH20 | Long             | ABS-O            | CORP              | US        |  13351746 | PA      | $11014285.25  | 0.18%             | 2056-10-15      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Improvement Loan Trust                  | GoodLeap Sustainable Home Solutions Trust 2021-3                                | CUSIP: 382371AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12309464 | PA      | $9417468.04   | 0.15%             | 2048-05-20      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Improvement Loan Trust                  | GoodLeap Sustainable Home Solutions Trust 2021-4                                | CUSIP: 38237GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16165838 | PA      | $13388249.90  | 0.22%             | 2048-07-20      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Improvement Loan Trust                  | GoodLeap Sustainable Home Solutions Trust 2021-5                                | CUSIP: 38237HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6728664 | PA      | $5608766.63   | 0.09%             | 2048-10-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                          | Government National Mortgage Association                                        | CUSIP: 38381JLK1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  22601461 | PA      | $21587984.15  | 0.35%             | 2065-01-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                          | Government National Mortgage Association                                        | CUSIP: 38381NXJ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  13371320 | PA      | $12193470.97  | 0.20%             | 2051-06-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                          | Government National Mortgage Association                                        | CUSIP: 38381QG96<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  14414206 | PA      | $14467104.16  | 0.23%             | 2065-03-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                          | Government National Mortgage Association                                        | CUSIP: 38382NKQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5895470 | PA      | $4609015.48   | 0.07%             | 2051-02-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                          | Government National Mortgage Association                                        | CUSIP: 38383BF98<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  18162996 | PA      | $17930379.24  | 0.29%             | 2055-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                          | Government National Mortgage Association                                        | CUSIP: 38385FJQ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9623860 | PA      | $9521973.01   | 0.15%             | 2054-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding                                | GRACIE POINT INTERNATIONAL FUNDING 2023-2                                       | CUSIP: 38410JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    786851 | PA      | $787601.41    | 0.01%             | 2027-03-01      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                          | Graphic Packaging International LLC                                             | CUSIP: 38869PAP9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   7623000 | PA      | $7552334.79   | 0.12%             | 2026-04-15      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| GRAY OAK PIPELINE LLC                                             | Gray Oak Pipeline LLC                                                           | CUSIP: 38937LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12955000 | PA      | $12802390.10  | 0.21%             | 2027-10-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                                          | Greensaif Pipelines Bidco Sarl                                                  | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |   4160000 | PA      | $4350528.00   | 0.07%             | 2036-02-23      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                            | GreenSky Home Improvement Trust 2024-1                                          | CUSIP: 39571MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1259592 | PA      | $1268242.63   | 0.02%             | 2059-06-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                            | GreenSky Home Improvement Issuer Trust 2025-2                                   | CUSIP: 39571VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6682667 | PA      | $6705604.91   | 0.11%             | 2060-06-25      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                            | GreenSky Home Improvement Issuer Trust 2024-2                                   | CUSIP: 39571XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    960018 | PA      | $963209.38    | 0.02%             | 2059-10-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Estate Notes                            | Greystone CRE Notes 2021-FL3 Ltd                                                | CUSIP: 39809PAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1056776 | PA      | $1056115.08   | 0.02%             | 2039-07-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited                   | HOMES 2024-NQM1 Trust                                                           | CUSIP: 40390TAA8<br>LEI: 2549001JI3VOZZFMYK81 | Long             | ABS-MBS          | CORP              | US        |   3361575 | PA      | $3389800.70   | 0.05%             | 2069-07-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                 | HSBC Holdings PLC                                                               | CUSIP: 404280BT5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $3027150.00   | 0.05%             | 2029-06-19      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                 | HSBC Holdings PLC                                                               | CUSIP: 404280DZ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   6500000 | PA      | $6568640.00   | 0.11%             | 2027-08-14      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                 | HSBC Holdings PLC                                                               | CUSIP: 404280EN5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   6100000 | PA      | $6292882.00   | 0.10%             | 2030-11-19      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Harvest SBA Loan Trust                                            | Harvest SBA Loan Trust 2024-1                                                   | CUSIP: 41756NAA7<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   4349167 | PA      | $4391248.55   | 0.07%             | 2051-12-25      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| harvest commercial capital loan trust                             | Harvest Commercial Capital Loan Trust 2024-1                                    | CUSIP: 417927AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13418106 | PA      | $13749759.01  | 0.22%             | 2056-10-25      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| HERCULES CAPITAL INC                                              | Hercules Capital Inc                                                            | CUSIP: 427096AH5<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |  14120000 | PA      | $13915683.60  | 0.22%             | 2026-09-16      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| HERCULES CAPITAL INC                                              | Hercules Capital Inc                                                            | CUSIP: 427096AJ1<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |   7458000 | PA      | $7352021.82   | 0.12%             | 2027-01-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HERO Funding Trust                                                | HERO Funding Trust 2015-1                                                       | CUSIP: 42770LAA1<br>LEI: 549300Z5C0ID42MSJA91 | Long             | ABS-O            | CORP              | US        |   1444605 | PA      | $1390850.08   | 0.02%             | 2040-09-21      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| HERO Funding Trust                                                | HERO Funding Trust 2017-2                                                       | CUSIP: 42771LAB8<br>LEI: 549300Z5C0ID42MSJA91 | Long             | ABS-O            | CORP              | US        |    321455 | PA      | $295584.22    | 0.00%             | 2048-09-20      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                                  | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBZ1<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   5406000 | PA      | $5409405.78   | 0.09%             | 2028-09-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| HIGHMARK INC                                                      | Highmark Inc                                                                    | CUSIP: 431116AD4<br>LEI: 549300B6868ZXXEB2Y57 | Long             | DBT              | CORP              | US        |  20542000 | PA      | $20311929.60  | 0.33%             | 2026-05-10      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                      | Hilton Grand Vacations Trust 2019-A                                             | CUSIP: 43284HAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1295223 | PA      | $1291155.09   | 0.02%             | 2033-07-25      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                      | Hilton Grand Vacations Trust 2020-A                                             | CUSIP: 43285HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    309400 | PA      | $304996.11    | 0.00%             | 2039-02-25      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited                   | HOMES 2023-NQM1 Trust                                                           | CUSIP: 43761JAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5897379 | PA      | $5884688.98   | 0.09%             | 2068-01-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust                               | Homeward Opportunities Fund Trust 2024-RRTL2                                    | CUSIP: 43789GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9700000 | PA      | $9722893.94   | 0.16%             | 2039-09-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| HORACE MANN EDUCATORS CO                                          | Horace Mann Educators Corp                                                      | CUSIP: 440327AL8<br>LEI: 254900G5YAV3A2YK8T32 | Long             | DBT              | CORP              | US        |   2952000 | PA      | $3162211.92   | 0.05%             | 2028-09-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HORACE MANN EDUCATORS CO                                          | Horace Mann Educators Corp                                                      | CUSIP: 440327AM6<br>LEI: 254900G5YAV3A2YK8T32 | Long             | DBT              | CORP              | US        |  11381000 | PA      | $11290293.43  | 0.18%             | 2030-10-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                      | Hudson Yards 2019-55HY Mortgage Trust                                           | CUSIP: 44421MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5870000 | PA      | $5530954.73   | 0.09%             | 2041-12-10      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                                          | Huntington Ingalls Industries Inc                                               | CUSIP: 446413AL0<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |   2640000 | PA      | $2611804.80   | 0.04%             | 2027-12-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                           | Hyundai Capital America                                                         | CUSIP: 44891ABG1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1455000 | PA      | $1438136.55   | 0.02%             | 2027-02-10      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                           | Hyundai Capital America                                                         | CUSIP: 44891ACX3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2028120.00   | 0.03%             | 2027-03-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                           | Hyundai Capital America                                                         | CUSIP: 44891ADA2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4124272.00   | 0.07%             | 2026-06-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                           | Hyundai Capital America                                                         | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5042900.00   | 0.08%             | 2027-03-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC                                                      | Illumina Inc                                                                    | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   4081000 | PA      | $4092998.14   | 0.07%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC                                                      | Illumina Inc                                                                    | CUSIP: 452327AR0<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   9552000 | PA      | $9646946.88   | 0.16%             | 2030-12-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                           | Imperial Brands Finance PLC                                                     | CUSIP: 45262BAB9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    230000 | PA      | $229059.30    | 0.00%             | 2026-07-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                           | Imperial Brands Finance PLC                                                     | CUSIP: 45262BAG8<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |  16500000 | PA      | $17091690.00  | 0.28%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                           | Imperial Brands Finance PLC                                                     | CUSIP: 45262BAJ2<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $5040350.00   | 0.08%             | 2028-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                                 | Imperial Fund Mortgage Trust 2021-NQM3                                          | CUSIP: 452762AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12768201 | PA      | $11069854.48  | 0.18%             | 2056-11-25      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                                 | Imperial Fund Mortgage Trust 2022-NQM1                                          | CUSIP: 452766AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  27636978 | PA      | $25580190.22  | 0.41%             | 2067-02-25      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                                 | Imperial Fund Mortgage Trust 2021-NQM4                                          | CUSIP: 45276JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16652095 | PA      | $14626164.44  | 0.24%             | 2057-01-25      | Variable      | 2.09%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                                 | Imperial Fund Mortgage Trust 2022-NQM4                                          | CUSIP: 45276NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  20992154 | PA      | $20922287.86  | 0.34%             | 2067-06-25      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                                 | Imperial Fund Mortgage Trust 2022-NQM2                                          | CUSIP: 45276PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18085860 | PA      | $17634547.98  | 0.28%             | 2067-03-25      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| Instar Leasing III, LLC                                           | InStar Leasing III LLC                                                          | CUSIP: 45783NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8124792 | PA      | $7738357.11   | 0.12%             | 2054-02-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                                          | Interstate Power and Light Co                                                   | CUSIP: 461070AV6<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |   4747000 | PA      | $4729720.92   | 0.08%             | 2034-09-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP                                                 | ITC Holdings Corp                                                               | CUSIP: 465685AQ8<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |   1883000 | PA      | $1777250.72   | 0.03%             | 2030-05-14      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP                                                 | ITC Holdings Corp                                                               | CUSIP: 465685AR6<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |  12703000 | PA      | $12868901.18  | 0.21%             | 2027-09-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP                                                 | ITC Holdings Corp                                                               | CUSIP: 465685AT2<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $14605500.00  | 0.24%             | 2034-05-09      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                          | JP Morgan Mortgage Trust 2019-5                                                 | CUSIP: 46591FBA1<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |   7007807 | PA      | $6686347.75   | 0.11%             | 2049-11-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                          | JP Morgan Mortgage Trust 2025-CCM1                                              | CUSIP: 46593MAE7<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |  13294097 | PA      | $13336265.68  | 0.21%             | 2055-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                          | JP Morgan Mortgage Trust 2022-LTV1                                              | CUSIP: 465976AA6<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |  10871802 | PA      | $9712623.66   | 0.16%             | 2052-07-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                          | JP Morgan Mortgage Trust 2014-IVR3                                              | CUSIP: 46643BBC4<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |   1273269 | PA      | $1276692.83   | 0.02%             | 2044-09-25      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMorgan Chase & Co                                                             | CUSIP: 46647PAF3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3040000 | PA      | $3023036.80   | 0.05%             | 2028-05-01      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMorgan Chase & Co                                                             | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4690000 | PA      | $4676633.50   | 0.08%             | 2027-02-04      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                          | JP Morgan Mortgage Trust 2018-3                                                 | CUSIP: 46649TAZ9<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |   2068576 | PA      | $1945523.32   | 0.03%             | 2048-09-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                          | JP Morgan Mortgage Trust 2018-6                                                 | CUSIP: 46650JAT1<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    847465 | PA      | $789389.06    | 0.01%             | 2048-12-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                          | JP Morgan Mortgage Trust 2019-INV2                                              | CUSIP: 46651DBF2<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |   8457798 | PA      | $7467594.20   | 0.12%             | 2050-02-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                          | JP Morgan Mortgage Trust 2019-HYB1                                              | CUSIP: 46651FAT8<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |   4993745 | PA      | $5031226.01   | 0.08%             | 2049-10-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                          | J.P. Morgan Mortgage Trust 2021-LTV2                                            | CUSIP: 46654VAA1<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |  29209696 | PA      | $24830157.37  | 0.40%             | 2052-05-25      | Variable      | 2.52%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                          | JP Morgan Mortgage Trust 2022-2                                                 | CUSIP: 46655DAH5<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |  22927767 | PA      | $21254956.00  | 0.34%             | 2052-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                          | J.P. Morgan Mortgage Trust 2022-DSC1                                            | CUSIP: 46656AAA5<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |   6852693 | PA      | $7033528.06   | 0.11%             | 2063-01-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                                          | Jackson National Life Global Funding                                            | CUSIP: 46849LUX7<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |  12660000 | PA      | $12663924.60  | 0.20%             | 2026-01-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                                          | Jackson National Life Global Funding                                            | CUSIP: 46849LUY5<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   8153000 | PA      | $8322337.81   | 0.13%             | 2028-04-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JERSEY CENTRAL PWR & LT                                           | Jersey Central Power & Light Co                                                 | CUSIP: 476556DG7<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |   6800000 | PA      | $6776608.00   | 0.11%             | 2031-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| City of Jersey City NJ                                            | JERSEY CITY NJ                                                                  | CUSIP: 476576VW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10725000 | PA      | $10778957.48  | 0.17%             | 2026-07-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                              | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VAZ3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   5750000 | PA      | $5766100.00   | 0.09%             | 2028-05-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                              | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VBA7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   8757000 | PA      | $8804725.65   | 0.14%             | 2030-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| KEYSPAN GAS EAST CORP                                             | KeySpan Gas East Corp                                                           | CUSIP: 49338CAD5<br>LEI: K8TS3HOE1568DUBUJL44 | Long             | DBT              | CORP              | US        |   3492000 | PA      | $3689786.88   | 0.06%             | 2033-03-06      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                                              | Kyndryl Holdings Inc                                                            | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |  14388000 | PA      | $14149878.60  | 0.23%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                  | LPL Holdings Inc                                                                | CUSIP: 50212YAF1<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   6885000 | PA      | $6693803.55   | 0.11%             | 2031-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                  | LPL Holdings Inc                                                                | CUSIP: 50212YAN4<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   9457000 | PA      | $9594315.64   | 0.15%             | 2028-04-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER                                           | Laboratory Corp of America Holdings                                             | CUSIP: 50540RAX0<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |   4855000 | PA      | $4803682.65   | 0.08%             | 2026-06-01      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER                                           | Laboratory Corp of America Holdings                                             | CUSIP: 50540RBA9<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |   5640000 | PA      | $5633852.40   | 0.09%             | 2032-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| LendingPoint Pass-Through Trust                                   | LendingPoint Pass-Through Trust Series 2022-ST3                                 | CUSIP: 52607TAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    126743 | PA      | $126701.15    | 0.00%             | 2028-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                                     | Lendbuzz Securitization Trust 2023-2                                            | CUSIP: 52608MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1283158 | PA      | $1297868.69   | 0.02%             | 2028-10-16      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                                     | Lendbuzz Securitization Trust 2024-3                                            | CUSIP: 52609YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4361481 | PA      | $4373041.75   | 0.07%             | 2029-10-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Lex Commercial Loan Master Trust                                  | LEX 2024-BBG Mortgage Trust                                                     | CUSIP: 52885AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3740000 | PA      | $3763958.48   | 0.06%             | 2033-10-13      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| LIBERTY UTILITIES CO                                              | Liberty Utilities Co                                                            | CUSIP: 531542AA6<br>LEI: 549300UN1FEYPC5BKW09 | Long             | DBT              | CORP              | US        |   5240000 | PA      | $5411138.40   | 0.09%             | 2029-01-31      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| LIBERTY UTILITIES FIN                                             | Liberty Utilities Finance GP 1                                                  | CUSIP: 531546AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9518000 | PA      | $8631874.20   | 0.14%             | 2030-09-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| LINCOLN FIN GLBL FUNDING                                          | Lincoln Financial Global Funding                                                | CUSIP: 53359KAB7<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |   6838000 | PA      | $6903029.38   | 0.11%             | 2028-05-28      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                                             | Lincoln National Corp                                                           | CUSIP: 534187BM0<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |   4881000 | PA      | $4427408.67   | 0.07%             | 2030-08-15      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| LINEAGE OP LP                                                     | Lineage OP LP                                                                   | CUSIP: 53567YAA7<br>LEI: 254900CSRDL1G4SRQE89 | Long             | DBT              |  | US        |   9424000 | PA      | $9511172.00   | 0.15%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Loanpal Solar Loan Ltd.                                           | Loanpal Solar Loan 2021-1 Ltd                                                   | CUSIP: 53948PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17710316 | PA      | $14786760.19  | 0.24%             | 2048-01-20      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables Trust                                | Lobel Automobile Receivables Trust 2023-2                                       | CUSIP: 53949FAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4026690 | PA      | $4049053.24   | 0.07%             | 2029-05-15      | Fixed         | 8.67%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                        | MFA 2021-INV2 Trust                                                             | CUSIP: 552732AA7<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |  16248201 | PA      | $14732144.48  | 0.24%             | 2056-11-25      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                        | MFA 2021-INV1 Trust                                                             | CUSIP: 552747AA5<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |   1022541 | PA      | $980952.01    | 0.02%             | 2056-01-25      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                        | MFA 2020-NQM2 Trust                                                             | CUSIP: 552751AA7<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |   2458323 | PA      | $2369161.95   | 0.04%             | 2065-04-25      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                        | MFA 2020-NQM3 Trust                                                             | CUSIP: 552757AA4<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |   1406740 | PA      | $1345480.29   | 0.02%             | 2065-01-26      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                        | MFA 2022-CHM1 Trust                                                             | CUSIP: 552758AA2<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |  13944347 | PA      | $13869293.35  | 0.22%             | 2056-09-25      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                        | MFA 2021-AEINV1 Trust                                                           | CUSIP: 55284FAF4<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |  13989568 | PA      | $12208872.97  | 0.20%             | 2051-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                        | MFA 2022-INV3 Trust                                                             | CUSIP: 55284PAE5<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |  13129000 | PA      | $12615260.79  | 0.20%             | 2066-12-25      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                        | MFA 2022-INV1 Trust                                                             | CUSIP: 55284TAC1<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |   4995000 | PA      | $4844057.14   | 0.08%             | 2066-04-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                        | MFA 2022-NQM2 Trust                                                             | CUSIP: 55285QAA0<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |   4754044 | PA      | $4858259.14   | 0.08%             | 2067-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                        | MFA 2024-RPL1 Trust                                                             | CUSIP: 55287AAA3<br>LEI: 2549007EHG79GWD49I44 | Long             | ABS-MBS          | CORP              | US        |   8517063 | PA      | $8207473.90   | 0.13%             | 2066-02-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| MMP Capital                                                       | MMP Capital 2025-A LLC                                                          | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3149671 | PA      | $3177342.87   | 0.05%             | 2031-12-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                                          | MSCI Inc                                                                        | CUSIP: 55354GAH3<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   6850000 | PA      | $6710808.00   | 0.11%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MA'ADEN SUKUK LTD                                                 | Ma'aden Sukuk Ltd                                                               | CUSIP: 55407NAA0<br>LEI: 254900QDNU6I6VA8UL14 | Long             | DBT              | CORP              | KY        |  17475000 | PA      | $17914496.25  | 0.29%             | 2030-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORP                                          | Main Street Capital Corp                                                        | CUSIP: 56035LAE4<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |  14195000 | PA      | $14072781.05  | 0.23%             | 2026-07-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORP                                          | Main Street Capital Corp                                                        | CUSIP: 56035LAJ3<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3063990.00   | 0.05%             | 2027-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORP                                          | Main Street Capital Corp                                                        | CUSIP: 56035LAK0<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4518495.00   | 0.07%             | 2028-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Manhattan West                                                    | Manhattan West 2020-1MW Mortgage Trust                                          | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3697000 | PA      | $3558093.80   | 0.06%             | 2039-09-10      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                                            | Marlette Funding Trust 2025-1                                                   | CUSIP: 570920AA6<br>LEI: 549300JRCMNFIBT50883 | Long             | ABS-O            | CORP              | US        |   4672740 | PA      | $4679655.78   | 0.08%             | 2035-07-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                                            | Marlette Funding Trust 2023-2                                                   | CUSIP: 57109LAC7<br>LEI: 549300JRCMNFIBT50883 | Long             | ABS-O            | CORP              | US        |    940096 | PA      | $943879.21    | 0.02%             | 2033-06-15      | Fixed         | 6.96%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                                            | Marlette Funding Trust 2023-1                                                   | CUSIP: 57110PAC5<br>LEI: 549300JRCMNFIBT50883 | Long             | ABS-O            | CORP              | US        |   4193943 | PA      | $4204164.56   | 0.07%             | 2033-04-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                          | Mars Inc                                                                        | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  12829000 | PA      | $13108030.75  | 0.21%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MERCURY GENERAL CORP                                              | Mercury General Corp                                                            | CUSIP: 589400AB6<br>LEI: 5493001Q9EXPCEL4W527 | Long             | DBT              | CORP              | US        |   2901000 | PA      | $2897692.86   | 0.05%             | 2027-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Mercury Financial Credit Card Master Trust                        | Mercury Financial Credit Card Master Trust                                      | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9800000 | PA      | $9833270.02   | 0.16%             | 2029-07-20      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                            | Merrill Lynch Mortgage Investors Trust Series MLMI 2004-A4                      | CUSIP: 59020ULT0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-MBS          | CORP              | US        |     72172 | PA      | $69925.25     | 0.00%             | 2034-08-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| METALLOINVEST FINANCE                                             | Metalloinvest Finance DAC                                                       | CUSIP: 59126LAB4<br>LEI: 635400ZS3HCCUYTNHA25 | Long             | DBT              | CORP              | IE        |  12700000 | PA      | $6449441.00   | 0.10%             | 2028-10-22      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust                                      | METLIFE SECURITIZATION TRUST 2019-1                                             | CUSIP: 59166EAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    513506 | PA      | $511880.56    | 0.01%             | 2058-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| MIDWEST CONNECTOR CAPIT                                           | Midwest Connector Capital Co LLC                                                | CUSIP: 59833CAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13090000 | PA      | $13093927.00  | 0.21%             | 2029-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                                          | Mill City Mortgage Loan Trust 2023-NQM1                                         | CUSIP: 59980DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10207261 | PA      | $10182608.64  | 0.16%             | 2067-10-25      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                                          | Mill City Securities 2024-RS1 Ltd                                               | CUSIP: 599920AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4781968 | PA      | $4588026.11   | 0.07%             | 2069-11-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                            | Mitsubishi UFJ Financial Group Inc                                              | CUSIP: 606822CL6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   3285000 | PA      | $3332862.45   | 0.05%             | 2028-07-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH                                            | Molex Electronic Technologies LLC                                               | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   3823000 | PA      | $3863523.80   | 0.06%             | 2028-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Momnt Technologies Trust                                          | Momnt Technologies Trust 2023-1                                                 | CUSIP: 608934AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    686156 | PA      | $689394.38    | 0.01%             | 2045-03-20      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                            | Morgan Stanley Bank NA                                                          | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   3740000 | PA      | $3809975.40   | 0.06%             | 2029-01-12      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                         | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22                     | CUSIP: 61690FAM5<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |    158062 | PA      | $157525.82    | 0.00%             | 2048-04-15      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                    | Morgan Stanley                                                                  | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3788000 | PA      | $3863419.08   | 0.06%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                    | Morgan Stanley Capital I Trust 2024-BPR2                                        | CUSIP: 61776EAA1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   7609113 | PA      | $8045087.73   | 0.13%             | 2029-05-05      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                    | Morgan Stanley Residential Mortgage Loan Trust 2024-RPL1                        | CUSIP: 61776YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13141895 | PA      | $12985043.88  | 0.21%             | 2064-06-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                            | Mosaic Solar Loan Trust 2019-1                                                  | CUSIP: 61946CAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    740345 | PA      | $706049.46    | 0.01%             | 2043-12-21      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                            | Mosaic Solar Loan Trust 2020-1                                                  | CUSIP: 61946NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2468984 | PA      | $2179979.66   | 0.04%             | 2046-04-20      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                                            | Motorola Solutions Inc                                                          | CUSIP: 620076CA5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   4864000 | PA      | $4961912.32   | 0.08%             | 2030-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MPOWER Education Trust                                            | MPOWER Education Trust 2024-A                                                   | CUSIP: 62476DAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5668885 | PA      | $5948218.11   | 0.10%             | 2041-07-22      | Fixed         | 6.78%                 | No            |                  2 | On Loan: No      |
| MPOWER Education Trust                                            | MPOWER Education Trust 2025-A                                                   | CUSIP: 624930AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6467717 | PA      | $6590402.67   | 0.11%             | 2042-07-21      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GLOBAL                                            | Mutual of Omaha Cos Global Funding                                              | CUSIP: 62829D2B5<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |   7740000 | PA      | $8008268.40   | 0.13%             | 2028-12-12      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GLOBAL                                            | Mutual of Omaha Cos Global Funding                                              | CUSIP: 62829D2D1<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |  13420000 | PA      | $13617274.00  | 0.22%             | 2027-04-09      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| NBK SPC LTD                                                       | NBK SPC Ltd                                                                     | CUSIP: 62877PAB0<br>LEI: 549300P1ANDK86KWB419 | Long             | DBT              | CORP              | AE        |  16283000 | PA      | $15972808.85  | 0.26%             | 2027-09-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                                                        | NBN Co Ltd                                                                      | CUSIP: 62878U2A9<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |  20000000 | PA      | $19822800.00  | 0.32%             | 2026-05-05      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| NLG GLOBAL FUNDING                                                | NLG Global Funding                                                              | CUSIP: 62915W2A0<br>LEI: 635400SKBQOWEJZLTW68 | Long             | DBT              | CORP              | US        |  17659000 | PA      | $18171464.18  | 0.29%             | 2030-01-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                                  | NMEF Funding 2025-B LLC                                                         | CUSIP: 62919WAB5<br>LEI: 549300LKWL3P0UPHKL72 | Long             | ABS-O            | CORP              | US        |   5200000 | PA      | $5222699.82   | 0.08%             | 2033-01-18      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                          | National Rural Utilities Cooperative Finance Corp                               | CUSIP: 63743HGC0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   4571000 | PA      | $4580461.97   | 0.07%             | 2030-12-10      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                        | Navient Student Loan Trust 2014-1                                               | CUSIP: 63938EAC8<br>LEI: 549300761SV59SBM0Z40 | Long             | ABS-O            | CORP              | US        |   2512297 | PA      | $2482840.84   | 0.04%             | 2031-06-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                        | Navient Private Education Refi Loan Trust 2019-D                                | CUSIP: 63941CAC7<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |   4400055 | PA      | $4397620.52   | 0.07%             | 2059-12-15      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                        | Navient Student Loan Trust 2019-B                                               | CUSIP: 63941LAC7<br>LEI: 549300761SV59SBM0Z40 | Long             | ABS-O            | CORP              | US        |    539440 | PA      | $538525.43    | 0.01%             | 2059-12-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                        | Navient Private Education Refi Loan Trust 2021-A                                | CUSIP: 63942BAA2<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |   1718380 | PA      | $1579232.83   | 0.03%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                        | Navient Private Education Refi Loan Trust 2022-B                                | CUSIP: 63942PAA1<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |  14195440 | PA      | $13902215.77  | 0.22%             | 2070-10-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                         | Nelnet Student Loan Trust 2013-1                                                | CUSIP: 64033CAA8<br>LEI: 5493000EBJ0T2MCM3713 | Long             | ABS-O            | CORP              | US        |   1581577 | PA      | $1549905.67   | 0.02%             | 2041-06-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                         | Nelnet Student Loan Trust 2015-2                                                | CUSIP: 64033QAB5<br>LEI: 5493000EBJ0T2MCM3713 | Long             | ABS-O            | CORP              | US        |  12154005 | PA      | $11809814.88  | 0.19%             | 2042-09-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                         | Nelnet Student Loan Trust 2015-3                                                | CUSIP: 64033TAC7<br>LEI: 5493000EBJ0T2MCM3713 | Long             | ABS-O            | CORP              | US        |    409209 | PA      | $407925.89    | 0.01%             | 2051-02-27      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                         | Nelnet Student Loan Trust 2021-D                                                | CUSIP: 64034YAA9<br>LEI: 5493000EBJ0T2MCM3713 | Long             | ABS-O            | CORP              | US        |   8528102 | PA      | $8458015.40   | 0.14%             | 2062-04-20      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                         | Nelnet Student Loan Trust 2021-C                                                | CUSIP: 64035GAA7<br>LEI: 5493000EBJ0T2MCM3713 | Long             | ABS-O            | CORP              | US        |   6058537 | PA      | $6009692.74   | 0.10%             | 2062-04-20      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                         | Nelnet Student Loan Trust 2021-C                                                | CUSIP: 64035GAB5<br>LEI: 5493000EBJ0T2MCM3713 | Long             | ABS-O            | CORP              | US        |   4575133 | PA      | $4312582.69   | 0.07%             | 2062-04-20      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| NETAPP INC                                                        | NetApp Inc                                                                      | CUSIP: 64110DAM6<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |   6433000 | PA      | $6692700.21   | 0.11%             | 2032-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                               | New Residential Mortgage Loan Trust 2018-2                                      | CUSIP: 64828CAA7<br>LEI: 549300U1MV4J7YQZG974 | Long             | ABS-MBS          | CORP              | US        |   2361922 | PA      | $2350489.96   | 0.04%             | 2058-02-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                               | New Residential Mortgage Loan Trust 2017-3                                      | CUSIP: 64828MAA5<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |   2417073 | PA      | $2369876.34   | 0.04%             | 2057-04-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                               | New Residential Mortgage Loan Trust 2017-5                                      | CUSIP: 64828NAA3<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |    171783 | PA      | $173851.10    | 0.00%             | 2057-06-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                               | New Residential Mortgage Loan Trust 2017-2                                      | CUSIP: 64829KBV1<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |   1998794 | PA      | $1964127.96   | 0.03%             | 2057-03-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                               | New Residential Mortgage Loan Trust 2017-4                                      | CUSIP: 64829NAA2<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |   2702036 | PA      | $2631670.62   | 0.04%             | 2057-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                               | New Residential Mortgage Loan Trust 2018-RPL1                                   | CUSIP: 64829VAA4<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |   1434008 | PA      | $1404182.03   | 0.02%             | 2057-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                               | New Residential Mortgage Loan Trust 2017-6                                      | CUSIP: 64830BAA5<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |   1161310 | PA      | $1135083.92   | 0.02%             | 2057-08-27      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                               | New Residential Mortgage Loan Trust 2018-1                                      | CUSIP: 64830GAB2<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |   1426106 | PA      | $1390261.14   | 0.02%             | 2057-12-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                               | New Residential Mortgage Loan Trust 2024-RTL1                                   | CUSIP: 64831PAA3<br>LEI: 213800CVLC5IFCJL6C96 | Long             | ABS-MBS          | CORP              | US        |   7600000 | PA      | $7635212.32   | 0.12%             | 2039-03-25      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                               | New Residential Mortgage Loan Trust 2022-NQM3                                   | CUSIP: 64831QAA1<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |  28332375 | PA      | $26910557.68  | 0.43%             | 2062-04-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                               | New Residential Mortgage Loan Trust 2024-RPL1                                   | CUSIP: 64832AAA5<br>LEI: 213800YID3SS4UZHT817 | Long             | ABS-MBS          | CORP              | US        |  21629782 | PA      | $20582566.12  | 0.33%             | 2064-01-25      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                          | New York Life Global Funding                                                    | CUSIP: 64952WEE9<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |  22760000 | PA      | $22780484.00  | 0.37%             | 2026-06-09      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| NY STATE ELECTRIC & GAS                                           | New York State Electric & Gas Corp                                              | CUSIP: 649840CQ6<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |   9234000 | PA      | $9162344.16   | 0.15%             | 2026-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER                                              | Niagara Mohawk Power Corp                                                       | CUSIP: 653522DT6<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |   2965000 | PA      | $2982671.40   | 0.05%             | 2030-10-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN SYSTEMS                                          | Northrop Grumman Systems Corp                                                   | CUSIP: 666807AQ5<br>LEI: 549300KYOZYCZII5OX23 | Long             | DBT              | CORP              | US        |   2989000 | PA      | $3002540.17   | 0.05%             | 2026-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN CORP                                                 | NorthWestern Corp                                                               | CUSIP: 66807TAA0<br>LEI: 3BPWMBHR1R9SHUN7J795 | Long             | DBT              | CORP              | US        |  16310000 | PA      | $16719544.10  | 0.27%             | 2030-03-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Continental Credit Card llc                                       | Continental Finance Credit Card ABS Master Trust                                | CUSIP: 66981PAQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10139739.50  | 0.16%             | 2032-12-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2021-909                            | NYC Commercial Mortgage Trust 2021-909                                          | CUSIP: 67076XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4900000 | PA      | $4257530.13   | 0.07%             | 2043-04-10      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                          | OBX 2021-NQM4 Trust                                                             | CUSIP: 67115DAA0<br>LEI: 25490010LUJWFEUCIH44 | Long             | ABS-MBS          | CORP              | US        |  21166021 | PA      | $18296600.88  | 0.29%             | 2061-10-25      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                          | OBX 2024-NQM11 Trust                                                            | CUSIP: 67119EAA4<br>LEI: 254900F5LT8CA1U6PK21 | Long             | ABS-MBS          | CORP              | US        |   3041909 | PA      | $3072500.75   | 0.05%             | 2064-06-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                                           | NYMT Loan Trust Series 2024-BPL2                                                | CUSIP: 67120TAA8<br>LEI: 254900HCG7N4R7AWFZ60 | Long             | ABS-MBS          | CORP              | US        |   8675000 | PA      | $8752973.50   | 0.14%             | 2039-05-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| OLYMPUS CORP                                                      | Olympus Corp                                                                    | CUSIP: 68163WAA7<br>LEI: 5299000Y52IFDI1I2A21 | Long             | DBT              | CORP              | JP        |  14061000 | PA      | $13803543.09  | 0.22%             | 2026-12-08      | Fixed         | 2.14%                 | No            |                  2 | On Loan: No      |
| One Bryant Park Trust                                             | One Bryant Park Trust 2019-OBP                                                  | CUSIP: 68236JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18455652 | PA      | $17132518.51  | 0.28%             | 2054-09-15      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivables Trust                             | Onemain Direct Auto Receivables Trust 2022-1                                    | CUSIP: 68269DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1459263 | PA      | $1460418.50   | 0.02%             | 2029-03-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                                    | Open Text Corp                                                                  | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |  17723000 | PA      | $18435996.29  | 0.30%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                                               | Oportun Funding Trust 2024-3                                                    | CUSIP: 68377NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2093576 | PA      | $2094473.41   | 0.03%             | 2029-08-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                                               | Oportun Issuance Trust 2025-A                                                   | CUSIP: 68377TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4335000 | PA      | $4338105.94   | 0.07%             | 2033-02-08      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                                               | Oportun Issuance Trust 2021-C                                                   | CUSIP: 68377WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4982098 | PA      | $4906571.01   | 0.08%             | 2031-10-08      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| BLUE OWL TECHNOLOGY FINA                                          | Blue Owl Technology Finance Corp                                                | CUSIP: 691205AE8<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |  12276000 | PA      | $12202466.76  | 0.20%             | 2026-06-17      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                                            | Blue Owl Credit Income Corp                                                     | CUSIP: 69120VAM3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |  19056000 | PA      | $18840667.20  | 0.30%             | 2026-09-23      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                                       | PRKCM 2021-AFC1 Trust                                                           | CUSIP: 69357TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22682430 | PA      | $19518419.90  | 0.31%             | 2056-08-25      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                                       | PRKCM 2021-AFC2 Trust                                                           | CUSIP: 69361JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13530860 | PA      | $12104206.84  | 0.20%             | 2056-11-25      | Variable      | 2.07%                 | No            |                  2 | On Loan: No      |
| PSEG POWER LLC                                                    | PSEG Power LLC                                                                  | CUSIP: 69362BBD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5798000 | PA      | $5930136.42   | 0.10%             | 2030-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                             | PRPM 2022-INV1 Trust                                                            | CUSIP: 69377EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  24720508 | PA      | $24756630.72  | 0.40%             | 2067-04-25      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                             | PRPM 2024-RPL2 LLC                                                              | CUSIP: 69381DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11662609 | PA      | $11533904.43  | 0.19%             | 2054-05-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                                       | PRKCM 2024-HOME1 Trust                                                          | CUSIP: 69391XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8573458 | PA      | $8683339.18   | 0.14%             | 2059-05-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                             | PRPM 2025-RPL3 LLC                                                              | CUSIP: 69392NAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13589790 | PA      | $13170772.33  | 0.21%             | 2055-04-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC                              | PRET 2024-RPL1 Trust                                                            | CUSIP: 693989AA3<br>LEI: 254900640HC5OZKI7J87 | Long             | ABS-MBS          | CORP              | US        |   3009812 | PA      | $2917810.12   | 0.05%             | 2063-10-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                | Pacific Life Global Funding II                                                  | CUSIP: 6944PL2G3<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |  10530000 | PA      | $10543689.00  | 0.17%             | 2026-06-04      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                                    | Pagaya AI Debt Grantor Trust 2024-10                                            | CUSIP: 69544MAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3513586 | PA      | $3528725.92   | 0.06%             | 2032-06-15      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                                    | Pagaya AI Debt Trust 2024-1                                                     | CUSIP: 69548AAA9<br>LEI: 254900ULYEY0HX0PKA54 | Long             | ABS-O            | CORP              | US        |    577578 | PA      | $577985.31    | 0.01%             | 2031-07-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| Pawnee Equipment Receivables                                      | Pawneee Equipment Receivables Series 2021-1 LLC                                 | CUSIP: 704100AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800356 | PA      | $799082.58    | 0.01%             | 2027-07-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                                       | Paychex Inc                                                                     | CUSIP: 704326AB3<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   3503000 | PA      | $3628232.25   | 0.06%             | 2032-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY PENN ELECTRI                                          | FirstEnergy Pennsylvania Electric Co                                            | CUSIP: 708696CA5<br>LEI: O1PLQWO3TX952VMBJ146 | Long             | DBT              | CORP              | US        |    980000 | PA      | $982058.00    | 0.02%             | 2026-03-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                               | Petroleos Mexicanos                                                             | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   6000000 | PA      | $6094860.00   | 0.10%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL                                             | Pinnacle West Capital Corp                                                      | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |   4773000 | PA      | $4860775.47   | 0.08%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| POSCO                                                             | POSCO                                                                           | CUSIP: 73730EAC7<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |   2400000 | PA      | $2401248.00   | 0.04%             | 2026-01-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PowerPay Issuance Trust                                           | PowerPay Issuance Trust 2024-1                                                  | CUSIP: 73934RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3839544 | PA      | $3938094.03   | 0.06%             | 2039-02-18      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust                                   | Prestige Auto Receivables Trust 2021-1                                          | CUSIP: 74113XAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5939246 | PA      | $5879025.84   | 0.09%             | 2028-02-15      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Prodigy Finance Designated Activity Co                            | Prodigy Finance CM2021-1 DAC                                                    | CUSIP: 742855AA7<br>LEI: 635400HTAZNW3LYYMQ40 | Long             | ABS-O            | CORP              | IE        |    798467 | PA      | $798838.24    | 0.01%             | 2051-07-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                         | Prosus NV                                                                       | CUSIP: 74365PAF5<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |   7816000 | PA      | $7106072.72   | 0.11%             | 2031-07-13      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                         | Prosus NV                                                                       | CUSIP: 74365PAG3<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |   6400000 | PA      | $6308032.00   | 0.10%             | 2027-01-19      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                         | Prosus NV                                                                       | CUSIP: 74365PAH1<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |  13254000 | PA      | $12691632.78  | 0.20%             | 2032-01-19      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE CORP                                              | Protective Life Corp                                                            | CUSIP: 743674BE2<br>LEI: 549300ZWIT8J8Y2EXL07 | Long             | DBT              | CORP              | US        |   6698000 | PA      | $6461627.58   | 0.10%             | 2030-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE CORP                                              | Protective Life Corp                                                            | CUSIP: 743674BF9<br>LEI: 549300ZWIT8J8Y2EXL07 | Long             | DBT              | CORP              | US        |   3464000 | PA      | $3473733.84   | 0.06%             | 2031-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                                            | Protective Life Global Funding                                                  | CUSIP: 74368CCD4<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   4925000 | PA      | $4932042.75   | 0.08%             | 2029-01-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| Prosper Marketplace Issuance Trust                                | Prosper Marketplace Issuance Trust Series 2023-1                                | CUSIP: 74390NAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3039856 | PA      | $3045013.75   | 0.05%             | 2029-07-16      | Fixed         | 8.29%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                             | PRPM 2025-RPL4 LLC                                                              | CUSIP: 74448NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10791832 | PA      | $10261915.95  | 0.17%             | 2055-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA                                           | Public Service Co of Oklahoma                                                   | CUSIP: 744533BS8<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |   5930000 | PA      | $6084120.70   | 0.10%             | 2036-01-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                                          | Public Service Enterprise Group Inc                                             | CUSIP: 744573BA3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |   4903000 | PA      | $5016063.18   | 0.08%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                                                  | Puget Energy Inc                                                                | CUSIP: 745310AK8<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   2616000 | PA      | $2562005.76   | 0.04%             | 2030-06-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                                                  | Puget Energy Inc                                                                | CUSIP: 745310AM4<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   2734000 | PA      | $2616191.94   | 0.04%             | 2028-06-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                                                  | Puget Energy Inc                                                                | CUSIP: 745310AQ5<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   9463000 | PA      | $9710457.45   | 0.16%             | 2035-03-15      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| QORVO INC                                                         | Qorvo Inc                                                                       | CUSIP: 74736KAJ0<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |  14210000 | PA      | $13155191.70  | 0.21%             | 2031-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                                               | Quanta Services Inc                                                             | CUSIP: 74762EAK8<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3544520.00   | 0.06%             | 2027-08-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2020-1                                        | RCKT Mortgage Trust 2020-1                                                      | CUSIP: 749389BJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2844458 | PA      | $2586411.93   | 0.04%             | 2050-02-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| RCKT Trust                                                        | RCKT Trust 2025-PL1                                                             | CUSIP: 74939RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1918420 | PA      | $1928090.92   | 0.03%             | 2034-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                        | ROCK Trust 2024-CNTR                                                            | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7700000 | PA      | $7913186.13   | 0.13%             | 2041-11-13      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Radian Mortgage Capital Trust                                     | Radian Mortgage Capital Trust 2024-J2                                           | CUSIP: 75023WAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5287909 | PA      | $5298428.73   | 0.09%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Rate Mortgage Trust                                               | Rate Mortgage Trust 2024-J4                                                     | CUSIP: 75408TAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13997177 | PA      | $14071148.26  | 0.23%             | 2054-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Rate Mortgage Trust                                               | Rate Mortgage Trust 2022-J1                                                     | CUSIP: 75410RAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  41318832 | PA      | $36902765.65  | 0.59%             | 2052-01-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                                               | Reach ABS Trust 2024-2                                                          | CUSIP: 75525HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1609515 | PA      | $1618375.47   | 0.03%             | 2031-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                                               | Reach ABS Trust 2025-1                                                          | CUSIP: 75525PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6432392 | PA      | $6453383.03   | 0.10%             | 2032-08-16      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                                               | Reach ABS Trust 2025-2                                                          | CUSIP: 75525QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5008507 | PA      | $5029927.98   | 0.08%             | 2032-08-18      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                | Realty Income Corp                                                              | CUSIP: 756109BQ6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |   6146000 | PA      | $6147352.12   | 0.10%             | 2026-01-13      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                                | Regal Rexnord Corp                                                              | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   7849000 | PA      | $7862186.32   | 0.13%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                                           | Reliance Industries Ltd                                                         | CUSIP: 759470AT4<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |    325000 | PA      | $324736.75    | 0.01%             | 2026-01-15      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                                           | Reliance Industries Ltd                                                         | CUSIP: 759470AU1<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |     75000 | PA      | $75039.75     | 0.00%             | 2026-01-15      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| RELIANCE STAND LIFE II                                            | Reliance Standard Life Global Funding II                                        | CUSIP: 75951AAQ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10762000 | PA      | $10542778.06  | 0.17%             | 2026-09-28      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| RELIANCE STAND LIFE II                                            | Reliance Standard Life Global Funding II                                        | CUSIP: 75951ACY2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17412000 | PA      | $17420183.64  | 0.28%             | 2026-02-02      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| RENTOKIL TERMINIX LLC                                             | Rentokil Terminix Funding LLC                                                   | CUSIP: 760130AA2<br>LEI: 984500D5BAA7560EKJ44 | Long             | DBT              | CORP              | US        |   9120000 | PA      | $9279417.60   | 0.15%             | 2030-04-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I                        | Research-Driven Pagaya Motor Asset Trust 2023-4                                 | CUSIP: 76088UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5487216 | PA      | $5498013.55   | 0.09%             | 2032-03-25      | Fixed         | 7.54%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I                        | Research-Driven Pagaya Motor Trust 2025-5                                       | CUSIP: 76089KAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13102000 | PA      | $13098726.86  | 0.21%             | 2034-06-26      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I                        | Research-Driven Pagaya Motor Asset Trust 2023-3                                 | CUSIP: 76089RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5298655 | PA      | $5307681.82   | 0.09%             | 2032-01-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Residential Asset Mortgage Products, INC.                         | RAMP Series 2003-SL1 Trust                                                      | CUSIP: 760985E64<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    139228 | PA      | $141314.45    | 0.00%             | 2031-04-25      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I                        | Research-Driven Pagaya Motor Trust 2025-6                                       | CUSIP: 76100JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16850000 | PA      | $16858240.32  | 0.27%             | 2034-08-25      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trust                                   | Residential Mortgage Loan Trust 2020-2                                          | CUSIP: 76123MAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1038021 | PA      | $1030516.41   | 0.02%             | 2060-05-25      | Variable      | 2.51%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer, LLC                         | Retained Vantage Data Centers Issuer LLC                                        | CUSIP: 76134KAA2<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |  12300000 | PA      | $12265237.99  | 0.20%             | 2048-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                                | RGA Global Funding                                                              | CUSIP: 76209PAB9<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   4515000 | PA      | $4304555.85   | 0.07%             | 2029-01-18      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                                | RGA Global Funding                                                              | CUSIP: 76209PAD5<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   4148000 | PA      | $4313712.60   | 0.07%             | 2031-01-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                                | RGA Global Funding                                                              | CUSIP: 76209PAE3<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6208380.00   | 0.10%             | 2029-05-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                                | RGA Global Funding                                                              | CUSIP: 76209PAK9<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   3654000 | PA      | $3654219.24   | 0.06%             | 2030-11-25      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                                      | SK hynix Inc                                                                    | CUSIP: 78392BAB3<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |  10200000 | PA      | $10186434.00  | 0.16%             | 2026-01-19      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SA GLOBAL SUKUK LTD                                               | SA Global Sukuk Ltd                                                             | CUSIP: 78397PAE1<br>LEI: 5493007DFAVKU7UOGR47 | Long             | DBT              | CORP              | KY        |  24040000 | PA      | $23907299.20  | 0.39%             | 2029-10-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                   | SBA Tower Trust                                                                 | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              |  | US        |  26585000 | PA      | $26010524.74  | 0.42%             | 2026-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                   | SBA Tower Trust                                                                 | CUSIP: 78403DAV2<br>LEI: N/A                  | Long             | DBT              |  | US        |   8140000 | PA      | $7885604.65   | 0.13%             | 2027-04-15      | Fixed         | 1.84%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                   | SBA Tower Trust                                                                 | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              |  | US        |   7950000 | PA      | $8140566.27   | 0.13%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                   | SBA Tower Trust                                                                 | CUSIP: 78403DBD1<br>LEI: N/A                  | Long             | DBT              |  | US        |   6480000 | PA      | $6520396.97   | 0.11%             | 2029-10-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                                     | SFO Commercial Mortgage Trust 2021-555                                          | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10872000 | PA      | $10792055.68  | 0.17%             | 2038-05-15      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners                                               | SG Residential Mortgage Trust 2021-2                                            | CUSIP: 78432YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12127423 | PA      | $10627576.19  | 0.17%             | 2061-12-25      | Variable      | 1.74%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                            | SLM Student Loan Trust 2011-2                                                   | CUSIP: 78446JAB2<br>LEI: 549300GQO6PBOYVGSS10 | Long             | ABS-O            | CORP              | US        |   4411149 | PA      | $4430686.28   | 0.07%             | 2034-10-25      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                            | SLM Student Loan Trust 2013-6                                                   | CUSIP: 78448CAG4<br>LEI: 5493000NQN5E3MSIIG77 | Long             | ABS-O            | CORP              | US        |  16247148 | PA      | $16102255.78  | 0.26%             | 2028-06-26      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                  | SMB Private Education Loan Trust 2020-PTB                                       | CUSIP: 78449DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1489394 | PA      | $1412328.31   | 0.02%             | 2054-09-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                  | SMB Private Education Loan Trust 2021-D                                         | CUSIP: 78449MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3689737 | PA      | $3656385.50   | 0.06%             | 2053-03-17      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| SLG Office Trust                                                  | SLG Office Trust 2021-OVA                                                       | CUSIP: 78449RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13752000 | PA      | $12267792.16  | 0.20%             | 2041-07-15      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                  | SMB Private Education Loan Trust 2020-A                                         | CUSIP: 78449UAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2323120 | PA      | $2259764.93   | 0.04%             | 2037-09-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                  | SMB Private Education Loan Trust 2021-E                                         | CUSIP: 78450MAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10901269 | PA      | $10804186.11  | 0.17%             | 2051-02-15      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| SAFCO Auto Receivables Trust                                      | SAFCO Auto Receivables Trust 2025-1                                             | CUSIP: 785923AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9445198 | PA      | $9510479.12   | 0.15%             | 2029-09-10      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GLOBAL                                          | Sammons Financial Group Global Funding                                          | CUSIP: 79587J2E2<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |   3707000 | PA      | $3713153.62   | 0.06%             | 2030-12-12      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GROUP                                           | Sammons Financial Group Inc                                                     | CUSIP: 79588TAC4<br>LEI: 254900SHCOQLVJ21CT59 | Long             | DBT              | CORP              | US        |   7950000 | PA      | $7947774.00   | 0.13%             | 2027-05-12      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency | SAN FRANCISCO CITY & CNTY CA REDEV AGY SUCCESSOR AGY TAX                        | CUSIP: 79770GLA2<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    585000 | PA      | $585280.22    | 0.01%             | 2031-08-01      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency | SAN FRANCISCO CITY & CNTY CA REDEV AGY SUCCESSOR AGY TAX                        | CUSIP: 79770GLB0<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600802.20    | 0.01%             | 2032-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency Successor Agency | SAN FRANCISCO CITY & CNTY CA REDEV AGY SUCCESSOR AGY TAX                        | CUSIP: 79770GLC8<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   2966000 | PA      | $2985228.58   | 0.05%             | 2033-08-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                            | Santander Holdings USA Inc                                                      | CUSIP: 80282KAZ9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   4023000 | PA      | $3998459.70   | 0.06%             | 2026-10-05      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                            | Santander Drive Auto Receivables Trust 2022-7                                   | CUSIP: 80287FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    730630 | PA      | $731379.36    | 0.01%             | 2028-01-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                           | Santander Bank Auto Credit-Linked Notes Series 2022-C                           | CUSIP: 80290CBK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3143932 | PA      | $3204776.18   | 0.05%             | 2032-12-15      | Fixed         | 14.59%                | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                            | Santander Drive Auto Receivables Trust 2025-4                                   | CUSIP: 802923AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  19248000 | PA      | $19288551.30  | 0.31%             | 2029-01-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                          | Saudi Government International Bond                                             | CUSIP: 80413TBJ7<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |  11200000 | PA      | $11430832.00  | 0.18%             | 2028-01-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                   | Sealed Air Corp                                                                 | CUSIP: 81211KAZ3<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   7376000 | PA      | $7217858.56   | 0.12%             | 2026-10-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                            | Sequoia Mortgage Trust 2023-3                                                   | CUSIP: 816943BF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2954933 | PA      | $3005234.94   | 0.05%             | 2053-09-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                            | Sequoia Mortgage Trust 2013-6                                                   | CUSIP: 81745BAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    716584 | PA      | $554761.71    | 0.01%             | 2043-05-25      | Variable      | 3.52%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                            | Sequoia Mortgage Trust 2013-7                                                   | CUSIP: 81745CAH6<br>LEI: 549300DFASAA48I36408 | Long             | ABS-MBS          | CORP              | US        |    408200 | PA      | $316642.16    | 0.01%             | 2043-06-25      | Variable      | 3.51%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                                            | Service Experts Issuer 2021-1 LLC                                               | CUSIP: 81758VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5021267 | PA      | $4929063.87   | 0.08%             | 2032-02-02      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners                                               | SG Residential Mortgage Trust 2020-2                                            | CUSIP: 81882JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5910987 | PA      | $5482885.23   | 0.09%             | 2065-05-25      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners                                               | SG Residential Mortgage Trust 2020-2                                            | CUSIP: 81882JAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1153078 | PA      | $1074479.92   | 0.02%             | 2065-05-25      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners                                               | SG Residential Mortgage Trust 2020-2                                            | CUSIP: 81882JAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    393673 | PA      | $369364.83    | 0.01%             | 2065-05-25      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Shellpoint Asset Funding Trust                                    | Shellpoint Asset Funding Trust 2013-1                                           | CUSIP: 822804AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    675092 | PA      | $647129.59    | 0.01%             | 2043-07-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                                               | Silgan Holdings Inc                                                             | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |  15334000 | PA      | $15204427.70  | 0.25%             | 2026-04-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS                                          | South Bow USA Infrastructure Holdings LLC                                       | CUSIP: 83007CAB8<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2017080.00   | 0.03%             | 2027-09-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| SKYWORKS SOLUTIONS INC                                            | Skyworks Solutions Inc                                                          | CUSIP: 83088MAK8<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |   6434000 | PA      | $6366893.38   | 0.10%             | 2026-06-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| SKY1 Trust                                                        | SKY Trust 2025-LINE                                                             | CUSIP: 830941AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2446306 | PA      | $2458619.50   | 0.04%             | 2042-04-15      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                 | United States Small Business Administration                                     | CUSIP: 83162CRS4<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    104014 | PA      | $105517.88    | 0.00%             | 2028-04-01      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                 | United States Small Business Administration                                     | CUSIP: 83162CSN4<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |     67360 | PA      | $67728.11     | 0.00%             | 2029-05-01      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                 | United States Small Business Administration                                     | CUSIP: 83162CSX2<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    570937 | PA      | $572125.46    | 0.01%             | 2029-11-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                 | United States Small Business Administration                                     | CUSIP: 83162CUA9<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    809326 | PA      | $805500.44    | 0.01%             | 2031-05-01      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                 | United States Small Business Administration                                     | CUSIP: 83162CUB7<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    174516 | PA      | $173146.77    | 0.00%             | 2031-06-01      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                 | United States Small Business Administration                                     | CUSIP: 83162CUD3<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    980686 | PA      | $974254.01    | 0.02%             | 2031-07-01      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                 | United States Small Business Administration                                     | CUSIP: 83162CUG6<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   1914220 | PA      | $1865639.08   | 0.03%             | 2031-09-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                 | United States Small Business Administration                                     | CUSIP: 83162CUK7<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   1475494 | PA      | $1436136.78   | 0.02%             | 2031-11-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                 | United States Small Business Administration                                     | CUSIP: 83162CUS0<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   1208580 | PA      | $1168215.46   | 0.02%             | 2032-04-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                 | United States Small Business Administration                                     | CUSIP: 83162CVB6<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    955829 | PA      | $907793.82    | 0.01%             | 2032-10-01      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                 | United States Small Business Administration                                     | CUSIP: 83162CVD2<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    762113 | PA      | $720642.02    | 0.01%             | 2032-11-01      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                                  | SMB Private Education Loan Trust 2017-B                                         | CUSIP: 83189DAC4<br>LEI: 549300NWENTZ8X7JUC78 | Long             | ABS-O            | CORP              | US        |     69933 | PA      | $69882.01     | 0.00%             | 2035-10-15      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| SNAM SPA                                                          | Snam SpA                                                                        | CUSIP: 83304JAA5<br>LEI: 8156002278562044AF79 | Long             | DBT              | CORP              | IT        |   2800000 | PA      | $2857512.00   | 0.05%             | 2030-05-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | Societe Generale SA                                                             | CUSIP: 83368RBR2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   4933000 | PA      | $5129580.05   | 0.08%             | 2029-01-10      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| SODEXO INC                                                        | Sodexo Inc                                                                      | CUSIP: 833794AC4<br>LEI: 549300WSZGQGJQXRFU84 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4099840.00   | 0.07%             | 2030-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SoFi Alternative Trust                                            | Sofi Alternative Trust 2019-C                                                   | CUSIP: 83406JAA2<br>LEI: 549300FHYBLULHPK5D74 | Long             | ABS-O            | CORP              | US        |   9213874 | PA      | $9155937.03   | 0.15%             | 2045-01-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                                  | SoFi Consumer Loan Program 2025-2 Trust                                         | CUSIP: 83407HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2124383 | PA      | $2135047.88   | 0.03%             | 2034-06-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST GAS CORP                                                | Southwest Gas Corp                                                              | CUSIP: 845011AE5<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | DBT              | CORP              | US        |   3024000 | PA      | $2917615.68   | 0.05%             | 2032-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST GAS CORP                                                | Southwest Gas Corp                                                              | CUSIP: 845011AF2<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | DBT              | CORP              | US        |   4828000 | PA      | $4973805.60   | 0.08%             | 2027-12-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                                         | Spire Inc                                                                       | CUSIP: 84857LAC5<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |  12844000 | PA      | $12863522.88  | 0.21%             | 2026-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Springcastle SPV                                                  | SpringCastle America Funding LLC                                                | CUSIP: 85022WAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8629008 | PA      | $8153335.95   | 0.13%             | 2037-09-25      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LLC                                   | Stack Infrastructure Issuer LLC                                                 | CUSIP: 85236KAE2<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |   7500000 | PA      | $7448050.65   | 0.12%             | 2046-03-26      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                               | Starwood Mortgage Residential Trust 2020-3                                      | CUSIP: 85573MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1409795 | PA      | $1374898.76   | 0.02%             | 2065-04-25      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                               | Starwood Mortgage Residential Trust 2021-5                                      | CUSIP: 85573QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18103234 | PA      | $15317553.11  | 0.25%             | 2066-09-25      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| STEWART INFORMATION SERV                                          | Stewart Information Services Corp                                               | CUSIP: 86038AAA0<br>LEI: 529900TV1XI0PLKENU10 | Long             | DBT              | CORP              | US        |  22401000 | PA      | $19803380.04  | 0.32%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Structured Asset Securities Corporation                           | Structured Asset Securities Corp Mortgage Pass-Through Ctfs Ser 2003-9A         | CUSIP: 86359ARF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    196025 | PA      | $198083.42    | 0.00%             | 2033-03-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                          | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MBP4<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |  11650000 | PA      | $11192388.00  | 0.18%             | 2029-07-16      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| Sunbit Asset Securitization Trust                                 | Sunbit Asset Securitization Trust 2025-1                                        | CUSIP: 86709SAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5553859.58   | 0.09%             | 2030-07-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| Sunnova Hestia I Issuer, LLC                                      | Sunnova Hestia I Issuer LLC                                                     | CUSIP: 86746BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8556956 | PA      | $8734698.95   | 0.14%             | 2050-12-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sunnova Hestia II Issuer, LLC                                     | Sunnova Hestia II Issuer LLC                                                    | CUSIP: 86746FAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8720977 | PA      | $8678909.54   | 0.14%             | 2051-07-20      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                                    | TD SYNNEX Corp                                                                  | CUSIP: 87162WAF7<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |  27306000 | PA      | $26896136.94  | 0.43%             | 2026-08-09      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                  | T-Mobile USA Inc                                                                | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   4275000 | PA      | $4263927.75   | 0.07%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                  | T-Mobile USA Inc                                                                | CUSIP: 87264ADS1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2791000 | PA      | $2871464.53   | 0.05%             | 2032-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Toorak Mortgage Corp.                                             | TRK 2022-INV2 Trust                                                             | CUSIP: 87265XAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18113264 | PA      | $17947216.93  | 0.29%             | 2057-06-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| TMS ISSUER SARL                                                   | TMS Issuer Sarl                                                                 | CUSIP: 87266GAA8<br>LEI: 21380092DY1X4BHPMA32 | Long             | DBT              | CORP              | LU        |  10700000 | PA      | $11144371.00  | 0.18%             | 2032-08-23      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Tesla Sustainable Energy Trust                                    | Tesla Sustainable Energy Trust 2024-1                                           | CUSIP: 88164AAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6700465 | PA      | $6724894.60   | 0.11%             | 2050-06-21      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Thornburg Capital Management Fund                                 | Thornburg Capital Management Fund                                               | CUSIP: 885216739<br>LEI: 549300GLR0WG6ALV5277 | Long             | EC               | RF                | US        |  39651762 | NS      | $396517623.58 | 6.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Towd Point Mortgage Trust                                         | Towd Point Mortgage Trust 2018-2                                                | CUSIP: 89175VAA1<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |   3476461 | PA      | $3441163.70   | 0.06%             | 2058-03-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                         | Towd Point Mortgage Trust 2018-1                                                | CUSIP: 89176EAA8<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |     53853 | PA      | $53391.60     | 0.00%             | 2058-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                         | Towd Point Mortgage Trust 2018-6                                                | CUSIP: 89176LAA2<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |   1441999 | PA      | $1432707.22   | 0.02%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Asset Trust                                            | Towd Point Asset Trust 2021-SL1                                                 | CUSIP: 89179XAL9<br>LEI: 54930022FYEFQVX02P24 | Long             | ABS-O            | CORP              | US        |   1797341 | PA      | $1796323.35   | 0.03%             | 2061-11-20      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                         | Towd Point Mortgage Trust 2025-R2                                               | CUSIP: 89182UAA4<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-O            | CORP              | US        |   9514227 | PA      | $8730249.54   | 0.14%             | 2064-09-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                         | Towd Point Mortgage Trust 2025-R1                                               | CUSIP: 89183DAA1<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |  17654781 | PA      | $15859429.35  | 0.26%             | 2057-11-27      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| TRANSURBAN FINANCE CO                                             | Transurban Finance Co Pty Ltd                                                   | CUSIP: 89400PAL7<br>LEI: 54930081LPJMUMEA6E57 | Long             | DBT              | CORP              | AU        |  14225000 | PA      | $14093987.75  | 0.23%             | 2036-03-24      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                                | Tricolor Auto Securitization Trust 2023-1                                       | CUSIP: 89616KAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    597860 | PA      | $552704.29    | 0.01%             | 2027-07-15      | Fixed         | 8.56%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                                | Tricolor Auto Securitization Trust 2024-2                                       | CUSIP: 89616PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1303957 | PA      | $1282648.43   | 0.02%             | 2027-12-15      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                                | Tricolor Auto Securitization Trust 2024-3                                       | CUSIP: 89617AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1355586 | PA      | $1244449.02   | 0.02%             | 2028-06-15      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                      | UBS Group AG                                                                    | CUSIP: 902613AH1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   7121000 | PA      | $7004998.91   | 0.11%             | 2027-08-10      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| US BANK NA CINCINNATI                                             | US Bank NA/Cincinnati OH                                                        | CUSIP: 90331HPS6<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $6816622.50   | 0.11%             | 2028-05-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| UL SOLUTIONS INC                                                  | UL Solutions Inc                                                                | CUSIP: 903731AC1<br>LEI: 549300F7CUV5ESKV9P71 | Long             | DBT              | CORP              | US        |  12800000 | PA      | $13521536.00  | 0.22%             | 2028-10-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                             | Mexico Government International Bond                                            | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   5000000 | PA      | $4953450.00   | 0.08%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                            | U.S. Treasury Inflation-Indexed Notes                                           | CUSIP: 91282CBF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 124294566 | PA      | $115924103.82 | 1.87%             | 2031-01-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                            | U.S. Treasury Inflation-Indexed Notes                                           | CUSIP: 91282CDX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  63952070 | PA      | $58451192.59  | 0.94%             | 2032-01-15      | Fixed         | 0.13%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                            | U.S. Treasury Notes                                                             | CUSIP: 91282CGM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10595000 | PA      | $10300326.56  | 0.17%             | 2033-02-15      | Fixed         | 3.50%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                            | U.S. Treasury Inflation-Indexed Notes                                           | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30715930 | PA      | $30552751.62  | 0.49%             | 2034-01-15      | Fixed         | 1.75%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                            | U.S. Treasury Notes                                                             | CUSIP: 91282CMD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $25669922.00  | 0.41%             | 2029-12-31      | Fixed         | 4.38%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                            | U.S. Treasury Notes                                                             | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29032000 | PA      | $29295102.50  | 0.47%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                            | U.S. Treasury Notes                                                             | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10250000 | PA      | $10381328.13  | 0.17%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                            | U.S. Treasury Notes                                                             | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26800000 | PA      | $27005187.50  | 0.44%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                            | U.S. Treasury Notes                                                             | CUSIP: 91282CPM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  84750000 | PA      | $83823046.88  | 1.35%             | 2032-11-30      | Fixed         | 3.75%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                            | U.S. Treasury Notes                                                             | CUSIP: 91282CPN5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  39545000 | PA      | $39158818.56  | 0.63%             | 2030-11-30      | Fixed         | 3.50%                 | No            |                  1 | On Loan: No      |
| UNUM GROUP                                                        | Unum Group                                                                      | CUSIP: 91529YAU0<br>LEI: 549300E32YFDO6TZ8R31 | Long             | DBT              | CORP              | US        |   7127000 | PA      | $7078037.51   | 0.11%             | 2035-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                                    | Upgrade Master Pass-Thru Trust Series 2025-ST4                                  | CUSIP: 91533MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4495384 | PA      | $4519692.65   | 0.07%             | 2032-08-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Upgrade Receivables Trust                                         | Upgrade Receivables Trust 2024-1                                                | CUSIP: 91533NAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150027 | PA      | $150067.42    | 0.00%             | 2031-02-18      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                                    | Upgrade Master Pass-Thru Trust Series 2025-ST5                                  | CUSIP: 91535BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4560176 | PA      | $4567557.80   | 0.07%             | 2032-09-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                                      | Upstart Securitization Trust 2025-2                                             | CUSIP: 91679EAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6885567 | PA      | $6920086.01   | 0.11%             | 2035-06-20      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                                      | Upstart Securitization Trust 2023-2                                             | CUSIP: 91683VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2419372 | PA      | $2431146.88   | 0.04%             | 2033-06-20      | Fixed         | 7.92%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                                      | Upstart Securitization Trust 2023-3                                             | CUSIP: 91684MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    756728 | PA      | $758163.22    | 0.01%             | 2033-10-20      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                                      | Upstart Securitization Trust                                                    | CUSIP: 91684NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4963533 | PA      | $4961119.68   | 0.08%             | 2034-11-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                                      | Upstart Securitization Trust 2025-1                                             | CUSIP: 91684PAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4884715 | PA      | $4891318.27   | 0.08%             | 2035-04-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| VSP OPTICAL GROUP INC                                             | VSP Optical Group Inc                                                           | CUSIP: 91836LAA0<br>LEI: 549300PHX8USLM2BT742 | Long             | DBT              | CORP              | US        |   1676000 | PA      | $1687949.88   | 0.03%             | 2035-12-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Veros Auto Receivables Trust                                      | Veros Auto Receivables Trust 2025-1                                             | CUSIP: 92511BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7015706 | PA      | $7047114.08   | 0.11%             | 2028-09-15      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Veros Auto Receivables Trust                                      | Veros Auto Receivables Trust 2024-1                                             | CUSIP: 92512WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1628392 | PA      | $1634296.43   | 0.03%             | 2027-11-15      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                        | Verus Securitization Trust 2021-R1                                              | CUSIP: 92538BAA1<br>LEI: 213800278TKDEXPH6140 | Long             | ABS-MBS          | CORP              | US        |   1945971 | PA      | $1840273.09   | 0.03%             | 2063-10-25      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                                       | Viatris Inc                                                                     | CUSIP: 92556VAC0<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |   9885000 | PA      | $9599323.50   | 0.15%             | 2027-06-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Visio 2019-2 Trust                                                | Visio 2019-2 Trust                                                              | CUSIP: 92837DAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1415000 | PA      | $1379017.31   | 0.02%             | 2054-11-25      | Variable      | 3.26%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust                                  | Vista Point Securitization Trust 2020-2                                         | CUSIP: 92838TAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4357544 | PA      | $4215928.27   | 0.07%             | 2065-04-25      | Variable      | 1.48%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust                                  | Vista Point Securitization Trust 2020-1                                         | CUSIP: 92838WAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1753436 | PA      | $1740914.17   | 0.03%             | 2065-03-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                          | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CP5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   7926000 | PA      | $8044255.92   | 0.13%             | 2028-03-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                          | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CV2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2143000 | PA      | $2151250.55   | 0.03%             | 2027-09-11      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                                                      | Vontier Corp                                                                    | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |   5272000 | PA      | $5239208.16   | 0.08%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| VORNADO REALTY LP                                                 | Vornado Realty LP                                                               | CUSIP: 929043AK3<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              |  | US        |   6893000 | PA      | $6813799.43   | 0.11%             | 2026-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| VOYA GLOBAL FUNDING                                               | Voya Global Funding                                                             | CUSIP: 92921LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4760000 | PA      | $4782562.40   | 0.08%             | 2030-11-24      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| WB Commercial Mortgage Trust                                      | WB Commercial Mortgage Trust 2024-HQ                                            | CUSIP: 92943PAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4050000 | PA      | $4046635.50   | 0.07%             | 2040-03-15      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                             | Wells Fargo & Co                                                                | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3448000 | PA      | $3485893.52   | 0.06%             | 2028-07-25      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| CALAMOS STRATEGIC TOTAL RETURN                                    | CALAMOS STRATEGIC TOTAL RETURN                                                  | CUSIP: 000000000<br>LEI: 54930048NQ2YBS3TXW78 | Long             | EP               | CORP              | US        |    370000 | NS      | $9342500.00   | 0.15%             |  |  |  | No            |                  3 | On Loan: No      |
| WESTERN-SOUTHERN GLOBAL                                           | Western-Southern Global Funding                                                 | CUSIP: 95954A2A0<br>LEI: 635400PFYEGVSGK4VB37 | Long             | DBT              | CORP              | US        |  14075000 | PA      | $14395347.00  | 0.23%             | 2030-05-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                             | Westlake Automobile Receivables Trust 2022-2                                    | CUSIP: 96042VAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10081335 | PA      | $10114504.48  | 0.16%             | 2027-09-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| WHISTLER PIPELINE LLC                                             | Whistler Pipeline LLC                                                           | CUSIP: 96337RAA0<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |   6985000 | PA      | $7198112.35   | 0.12%             | 2029-09-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| TRISTATE INSURED CASH SWEEP                                       | TRISTATE INSURED CASH SWEEP                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |       784 | PA      | $783.71       | 0.00%             | 2050-10-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| WILLIS NORTH AMERICA INC                                          | Willis North America Inc                                                        | CUSIP: 970648AL5<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |   4541000 | PA      | $4575965.70   | 0.07%             | 2027-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| WILLIS NORTH AMERICA INC                                          | Willis North America Inc                                                        | CUSIP: 970648AP6<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3406494.00   | 0.05%             | 2031-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust                                      | WinWater Mortgage Loan Trust 2015-3                                             | CUSIP: 97651JBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    818158 | PA      | $771069.05    | 0.01%             | 2045-03-20      | Variable      | 3.83%                 | No            |                  2 | On Loan: No      |
| WIPRO IT SERVICE                                                  | Wipro IT Services LLC                                                           | CUSIP: 97654MAA4<br>LEI: 549300S6XZZ65F0EJS98 | Long             | DBT              | CORP              | US        |  10647000 | PA      | $10507417.83  | 0.17%             | 2026-06-23      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                                          | Comision Federal de Electricidad                                                | CUSIP: 000000000<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |  15674400 | PA      | $14548978.08  | 0.23%             | 2036-09-29      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| GAZPROM PJSC (GAZ FN)                                             | Gazprom PJSC via Gaz Finance PLC                                                | CUSIP: 000000000<br>LEI: 213800UNP9N6BPNYMQ45 | Long             | DBT              | CORP              | GB        |  32475000 | PA      | $19958810.25  | 0.32%             | 2031-07-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-26

**Name of Applicant:** THORNBURG INVESTMENT TRUST

**Signature:** Christopher Luckham

**Name of Signer:** Christopher Luckham

**Title:** Manager - Fund Admin